Corporate Briefing Session

Wednesday, February 24th, 2021 | 4:00 PM

Domestic Presence

Sales Office Rawalpindi

Lahore Sales Office

Multan Sales Office

700,000 tons Production Facility &

Karachi Ware House
Head Office
Steel Market Overview
• International HRC prices continued to follow rising trend in the second quarter.
• HRC prices (FOB China) increased from US$ 515 / ton in September to US$ 700 (FOB
China) in December 2020. Prices further increased to US$ 800 in January 2021.
• Similar price trend was observed in the USA and European markets.
• With the decline in COVID-19 cases, rapid recovery in the steel sector was observed.
V-shaped recovery in auto sector increased the demand for CRC while the rise in
construction sector increased the demand for galvanized products.
• Market share of local producers for CRC and GI is 65% and 79% which was 49% and 63%
respectively.
• CRC imports have declined to 100,000 tons from 296,000 tons in 2019.
• GI imports have declined to 57,000 tons from 207,000 tons in 2019.
• Sunset review has already been filed for anti-dumping duty on imports from China and
Ukraine and the favorable decision is expected very soon.
• Anti-dumping proceedings against South Korea, European Union, Taiwan and Vietnam
have also commenced.
International Market Trend
$800

$750

$700

$650

$600

$550

$500

$450

$400
Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020 Jul 2020 Aug 2020 Sep 2020 Oct 2020 Nov 2020 Dec 2020 Jan 2021
HRC (USD) CRC

Jan – Mar 20: $ 47 Apr - Jun 20: $ 41

Jul – Sep 20: $ 48 Oct – Dec 20: $ 84

Market Share

36%

30%
20%
17% 16%

FY 2017 FY 2018 FY 2019 FY 2020 HY 2021

ASL Leading Local Producer Imports
 Aisha Steel Highlights
1.6+ million tons production-to-
date

750+ Employees

141+ Billions (PKR) turnover

generated

700,000 Tons production capacity

25+ Billions (PKR) contribution to

National ex-chequer

15+ Billions (PKR) Imports

substituted
Data presented till December 31, 2020
*
 Aisha Steel’s Trendline
Revenue (Bln PKRs) Gross Profit (Bln PKRs) PAT (Mln PKRs)
4.58 2,520
30 CAGR: 39% CAGR: 56% CAGR: 201%
25
3.31
20
19
2.37 1,284
14 2.09
1.68 1,020
10
0.98
(617)
254 (155)

HY FY21 2020 2019 2018 2017 2016 HY FY21 2020 2019 2018 2017 2016 HY FY21 2020 2019 2018 2017 2016

Production Sales
(Thousand Tons) (Thousand Tons)
278 CAGR: 13% CAGR: 17%
257
217 210 217 214
202 196 202 205
179 181

HY FY21 2020 2019 2018 2017 2016 HY FY21 2020 2019 2018 2017 2016
Critical Performance Indicators

UoM HY FY21 FY 2020 FY 2019

Revenue Billion PKR 25.42 29.77 20.23

EBITDA Million PKR 4,573 2,844 1,960
Total Assets Million PKR 34,127 34,587 32,731
Production Tons 179,069 277,800 202,164
Sales Tons 202,248 257,453 205,456
Ratios
Return on Capital
Current Ratio Debt to Equity Employed
Equity Debt

0.71
52 48 46
0.94

0.78

21%

12%
7%
48 52 54
Dec 20 Sep 20 Jun 20 Dec 20 Sep 20 Jun 20 Dec 20 Sep 20 Jun 20

Return on Equity Ratio Interest Coverage Ratio

23.73%

7.54%

0.84
-7.61%

6.50

3.49
Dec 20 Sep 20 Jun 20 Dec 20 Sep 20 Jun 20
Results (PKR in ‘000)
HY FY21 FY 2020 FY 2019
Sales 25,417 29,777 20,231
Cost of Sales (20,840) (27,411) (18,553)
Gross Profit 4,577 2,366 1,678
Admin expenses (152) (319) (250)
Selling expenses (43) (42) (25)
Other income 34 38 52
Other expenses (260) - -
Profit from operations 4,156 2,043 1,455
Finance Cost (704) (3,386) (1,865)
Profit / (loss) before taxation 3,452 (1,343) (410)
Income Tax (932) 727 666
Profit / (loss) for the period 2,520 (616) 256
Earning / (Loss) per share 3.21 (0.89) 0.26
Quarterly Performance FY2021
UoM Q1 FY21 Q2 FY21 HY FY21

Revenue Million PKR 11,205.86 14,211.16 25,417.02

Gross Profit Million PKR 1,476.16 3,100.91 4,577.07

Gross Profit % % 13.17% 21.82% 18.01%

Net Profit Million PKR 660.22 1,859.97 2,520.19

Net Profit % % 5.89% 13.09% 9.91%

EPS – Basic PKR 0.82 2.39 3.21

Quarterly Performance FY2021
UoM Q1 FY21 Q2 FY21 HY FY21
CRC

Sold Tons 53,223 51,313 104,536

Produced Tons 38,320 53,370 91,690

Avg. Selling Price PKR/Ton 110,107 123,201 116,534

GI

Sold Tons 41,655 56,057 97,712

Produced Tons 30,882 56,497 87,379

Avg. Selling Price PKR/Ton 119,543 132,572 127,018

Average Monthly Operations (Tons)
CAGR: 17.76% CAGR: 19.50%

33,708
29,845

23,150
21,454

18,087
18,114

17,860
17,460
17,121
16,847

16,326
15,105

11,577
11,189
HY FY21 2020 2019 2018 2017 2016 2015

Average Production (Tons) Average Sales (Tons)

Forum is now open for Questions
Thank You for Your Presence
Corporate Briefing Session