CORPORATE BRIEFING
SESSION
FY 2022
November 22, 2022
ABOUT THE COMPANY
 Incorporated as a public limited company by shares on February 09, 1986
and was subsequently listed on the Pakistan Stock Exchange.
 Principal activity is manufacturing and sale of cement products.
 Plant is located at Jauharabad, Khushab - Land of the finest limestone
reserves.
 As on September 30, 2022, total market capitalization is Rs. 15.39 billion
i.e. US$ 66.93 million.
 As on September 30, 2022, total assets of the Company are Rs. 71.80
billion i.e. US$ 313 million.
 Annual turnover for the year 2021-22 was Rs. 31.88 billion i.e. US$ 154.75
million.
 PCL’s installed annual cement capacity is 5.19 million metric tons.
 Employs a team of around 1,100 skilled and professional employees.
2
Start of commissioning of
production line-I \and
listing of shares
History at a Glance:
Commencement of
production with capacity
of 2,000 tons clinker per
day
Gujrawala
Gujrat
Hafizabad
Jhelum
Karak
Lahore
Mandibahauddin
Mardan
Narowal
Rawalpindi
Sheikhupura
Sialkot
Swabi
Bannu
Arifwala
Bhakkar
Chiniot
D.I Khan
Faisalabad
Jhang
Khushab
140
Multan
Layyah
Bahawalnagar
Muzaffargarh
Vehari
Chishtian
Quetta
120
Mianwali
Okara
Pakpattan
Sahiwal
Sargodha
Toba Tek Singh
70
Bahawalpur
Rahim Yar Khan
D.G Khan
Khanewal
Rajanpur
Sindh
330
North
120
Center
140
South
70
4
Committed to be a responsible and ethical corporate citizen by
following an active CSR strategy that focuses on Education, Health,
Environment and Local Community Development.
Education
•
•
•
•
Establishment and operations of schools in vicinity;
Construction of additional blocks in District Public School Jauharabad and Sargodha;
Financial support to SOS Schools and the Quaidabad Vocational Training Institute;
Construction of faculty residence for Pakistan’s premiere business school, IBA.
Health
• Medical Centre with dedicated emergency ambulance;
• Public dispensary in Chenki Village;
• Financial support to TB Centre Foundation.
Environment Protection
•
•
•
•
•
ISO 14001:2015 and ISO 9001:2015 Certifications;
Green Office compliant to reduce consumption of natural resources;
Environmentally compliant coal firing burners;
Waste heat recovery mechanism;
Plantation of trees.
Local Community Development
• Construction and maintenance of the Chenki village mosque;
• Development and maintenance of 15 km stretched road connecting Chenki village to
Jabbi village which provides convenience to thousands of commuters
5
COMPANY
PERFORMANCE
Production and Sale Volumes
Q1-FY 2023
Production
Clinker
Cement
Dispatches - Cement / Clinker
Domestic Market
International Market
(Decline) / Growth
Domestic Dispatches - YoY
FY 2022
FY 2021
FY 2020
FY 2019
----------------Tons'000'----------------
FY 2018
556
635
2,893
3,373
2,955
3,408
1,540
1,737
1,257
1,443
1,551
1,543
634
634
3,388
3,388
3,368
13
3,381
1,723
12
1,735
1,384
62
1,446
1,577
69
1,646
0.61%
95.46%
24.49%
(12.23%)
(3.51%)
(18.57%)
7
Extracts from Statement of Financial Position
Q1-FY 2023
FY 2022
FY 2021
----Rs. in million---Property, plant and equipment
Other long term assets
Current assets
T otal Assets
62,957
170
8,673
71,800
63,243
170
8,575
71,988
42,945
153
8,383
51,481
Shareholders' equity
Surplus on revaluation of fixed assets
T otal Equity
14,290
16,067
30,357
13,593
16,178
29,771
12,481
2,618
15,099
Long term loan (incl. current maturity)
Short term financing
T otal Debt
17,468
4,226
21,694
18,030
4,285
22,315
21,534
5,257
26,792
10,661
9,088
71,800
10,512
9,390
71,988
1,758
7,832
51,481
Financed by
Deferred liabilities
Other liabilities
T otal Equity and Liabilities
8
Closing Banking Debt
Rs. in million
30,000
26,514
26,792
5,892
5,257
25,000
21,452
20,000
4,831
22,315
21,694
4,285
4,226
18,030
17,468
2022
Q1 2023
15,000
10,705
10,000
5,000
2,440
20,622
21,534
16,621
8,266
-
2018
2019
2020
Long-term financing
2021
Short-term financing
9
Financial Performance Extracts
Q1-FY 2023
Net turnover
Gross profit
Operating profit
Profit before taxation
Profit after taxation
EBITDA
Net turnover
Gross profit
Operating profit
Profit before taxation
Profit after taxation
EBITDA
Earnings per share
Breakup value per share
FY 2022
----Rs. in million---8,322
31,879
1,910
7,203
1,779
6,637
874
3,945
586
1,050
2,212
7,798
FY 2021
21,818
4,118
3,718
2,203
1,974
4,699
----Rs. Per ton of cement sold---13,135
9,408
3,014
2,126
2,808
1,959
1,380
1,164
925
310
3,492
2,302
6,454
1,218
1,100
652
584
1,390
Rs. per share
4.62
131.07
8.69
66.47
2.58
133.64
10
Key Performance Indicators
Q1- FY 2023
FY 2022
----%----
FY 2021
Profitability Ratios
Gross profit to net sales
Operating profit to net sales
22.95
21.38
22.60
20.82
18.87
17.04
Profit before tax to net sales
Profit after tax to net sales
10.51
7.04
12.37
3.29
10.10
9.05
EBITDA to net sales
Return on capital employed
26.58
25.20
24.46
22.62
21.54
13.34
----T imes---Liquidity Ratios
Current ratio
0.52
0.50
0.49
Cash flow from operations to sales
EBITDA to current liabilities
0.18
0.53
0.26
0.46
0.20
0.29
Capital Structure Ratios
Financial leverage
Debt to equity
Interest coverage
0.71
1.52
2.42
0.75
1.64
2.94
1.80
2.15
2.75
11
Ratios – Graphical Presentation
GP Ratio
30%
20%
28%
20%
15%
23%
22%
15%
%
23%
19%
10%
12%
11%
0%
-5%
5%
2018
2019
2020
2021
2022
Q1 2023
-10%
0%
2018
2019
2020
-2%
2021
2022
Q1 2023
-15%
23%
21%
Years
EBITDA to Net Sales
30%
25%
21%
18%
15%
-12%
Years
Operating Profit to Net Sales
25%
20%
14%
5%
10%
-5%
22%
10%
%
25%
Profit Before Tax to Net Sales
25%
28%
20%
16%
23%
22%
15%
%
%
10%
27%
24%
5%
10%
0%
2018
2019
2020
2021
-5%
Q1 2023
5%
0%
2018
-6%
-10%
2022
Years
2019
1%
2020
2021
2022
Q1 2023
Years
12
14
15