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Seven Years Review

Seven years at a glance Pioneer Cement Limited.

PPRODUCTION & SALES

2015 2014 2013 2012 2011 2010
Clinker Production Tons 1,014 1,189 1,086 1,179 1,189 1,163
Cement Production Tons 1,210 1,194 1,232 1,178 1,285 1,267
Cement / Clinker Sales - Domestic Tons 1,143 1,048 1,033 989 1,003 1,082
Cement / Clinker Sales - Export Tons 68 141 201 200 275 192

OPERATING RESULTS

2015 2014 2013 2012 2011 2010
Gross Sales Rs.\Mn. 10,615.0 10,030.6 9,178.6 8,045.6 6,941.6 5,329.2
Excise Duty & Sales Tax Rs.\Mn. 2,189.2 2,005.8 1,610.2 1,558.4 1,668.7 1,456.4
Net Sales Rs.\Mn. 8,425.8 8,024.8 7,568.4 6,487.1 5,272.9 3,872.8
Gross (Loss)/Profit Rs.\Mn. 3,165.5 2,589.0 2,405.4 1,587.0 741.7 (81.0)
Net (Loss)/Profit Before Tax Rs.\Mn. 3,501.5 2,430.0 2,248.4 924.3 71.8 (859.3)
Net (Loss)/Profit After Tax Rs.\Mn. 2,496.1 1,768.9 1,535.1 601.5 120.7 (590.9)

FINANCIAL POSITION

2015 2014 2013 2012 2011 2010
Assets Employed By:
Property Plant and Equipment Rs.\Mn. 7,330.7 7,575.7 7,860.7 8,131.2 8,614.0 8,937.9
Current Assets Rs.\Mn. 4,674.2 4,262.0 3,701.8 1,941.0 1,184.2 1,334.0
Other Long Term Assets Rs.\Mn. 109.5 39.4 39.7 38.3 49.2 53.6
Rs.\Mn. 12,114.4 11,877.1 11,602.2 10,110.5 9,847.4 10,325.5

Assets Financed By

2015 2014 2013 2012 2011 2010
Shareholders' Equity Rs.\Mn. 6,720.3 5,134.8 4,442.7 3,136.5 2,466.6 2,218.2
Surplus on Revaluation of Fixed Assets Rs.\Mn. 1,612.8 1,667.6 1,726.5 1,781.5 2,058.8 2,120.6
Long Term Loan / Deposits Rs.\Mn. 2,138.4 3,543.5 3,719.6 3,602.8 3,475.6 3,648.2
Other Current Liabilities Rs.\Mn. 1,642.9 1,531.2 1,713.3 1,589.7 1,846.4 2,338.4
12,114.4 11,877.1 11,602.2 10,110.5 9,847.4 10,325.5

INVESTORS INFORMATION

2015 2014 2013 2012 2011 2010
Gross (Loss)/Profit to Sales % 37.57 32.26 31.78 24.46 14.07 (2.09)
Net (Loss)/Profit Before Tax to Sales % 41.56 30.28 29.71 14.25 1.36 (22.19)
Net (Loss)/Profit After Tax to Sales % 29.63 22.04 20.28 9.27 2.29 (15.26)
EBITDA to Sales % 45.93 36.76 34.44 27.37 17.49 2.39
Return on Equity (After Tax) % 109.89 77.87 67.58 26.48 5.31 (26.53)
Return on Capital Employed % 33.74 28.70 27.27 25.07 9.97 (5.52)
Inventory Turnover  Times 3.36 3.61 3.71 4.24 4.77 4.61
Total Asset Turnover % 69.55 67.57 65.23 64.16 53.55 37.51
Debt \ Equity Ratio Times 20:80 34:66 38:62 42:58 43:57 46:54
Interest Coverage Times 62.5 16.45 13.09 4.29 1.52 (0.76)
Current Ratio Times 2.78:1 1.43:1 1.08:1 0.43:1 0.27:1 0.27:1 -
Earnings / (Loss) Per Share Rs. 10.99 7.79 6.76 2.65 0.54 (2.87)
Market Value of Share (KSE) Rs. 85.29 46.66 29.37 9.20 5.52 6.37
Price Earning Ratio Times 7.76 5.99 4.34 3.47 10.22 -2.22
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