Dogus Otomotiv Servis Ve Ticaret Anonim Sirketi · BIST:DOAS
Dogus Otomotiv Servis Ve Ticaret Anonim Sirketi — Doğuş Otomotiv Servis ve Ticaret A.Ş. — H1 2020 Earnings Presentation
23 slides from Dogus Otomotiv Servis Ve Ticaret Anonim Sirketi's earnings presentation, Aug 20, 2020
Slide 1: 1H 2020 Analyst Briefing Presentation
1H 2020 ANALYST BRIEFING PRESENTATION Kerem Talih 20 August 2020 1 Kurumsal bilgiler içermektedir. Sadece ilgili ekipler ve 3. taraflar ile kontrollü olarak paylaşılmalıdır.
Slide 2: Jan-Jun 2020 Doğuş Otomotiv Main Segment Sales
JAN - JUN 2020 DOGUS OTOMOTIV MAIN SEGMENT SALES Retail RETAIL MARKET DOAS PERFORMANCE Source: Automotive Distributors Association, TAID - Heavy Commercial Vehicles Association DOAS performance includes Skoda sales. 2 Kurumsal bilgiler içermektedir. Sadece ilgili ekipler ve 3. taraflar ile kontrollü
Slide 3: Competition (Retail)
COMPETITION (Retail) VW PC ranked 3rd in the cumulative passenger vehicle market with 9,3% market share. ŠKODA has a market share of 3,8%. SEAT has a 2,2% market share. Audi ranked 2nd in the cumulative premium segment with 28,6% market share. VW LCV has a 9,7% market share steady at 3rd place in th
Slide 4: Jan-Jun 2020 Passenger Vehicle Market (%)
JAN - JUN 2020 PASSENGER VEHICLE MARKET (%) Retail - PC market increased by 30,2% yoy. - DOAS’ market share in the passenger vehicle market was realized as 17,9%. - Renault leads with a 23,8% market share in the PC market. - Segment ranking (Top 10): - Luxury Segment ranking: Source: Automotive Dist
Slide 5: Jan-Jun 2020 Light Commercial Vehicle Market (%)
JAN - JUN 2020 LIGHT COMMERCIAL VEHICLE MARKET (%) Retail - Light Commerical Vehicle market increased by 30,2% yoy. - DOAS maintained its 3rd position with 9,7% market share. - Leaders in the LCV market are Ford Otosan with 35,6% market share and Tofaş with 28,4% market share. - Segment ranking: Sou
Slide 6: Jan-Jun 2020 Doğuş Otomotiv Brand Sales Performance
JAN - JUN 2020 DOĞUŞ OTOMOTIV BRAND SALES PERFORMANCE Source: Automotive Distributors Association Data 6 Kurumsal bilgiler içermektedir. Sadece ilgili ekipler ve 3. taraflar ile kontrollü olarak paylaşılmalıdır.
Slide 7: Jan-Jul 2020 Doğuş Otomotiv Main Segment Sales
JAN - JUL 2020 DOGUS OTOMOTIV MAIN SEGMENT SALES Retail RETAIL MARKET DOAS PERFORMANCE Source: Automotive Distributors Association, TAID - Heavy Commercial Vehicles Association DOAS performance includes Skoda sales. 7 Kurumsal bilgiler içermektedir. Sadece ilgili ekipler ve 3. taraflar ile kontrollü
Slide 8: Jan-Jul 2020 Doğuş Otomotiv Brand Sales Performance
JAN - JUL 2020 DOĞUŞ OTOMOTIV BRAND SALES PERFORMANCE WHOLESALE UNITS 7M19 7M20 Δ VW PC 16.008 23.293 46% VW LCV 3.720 6.986 88% AUDI 4.348 9.794 125% SKODA 5.491 11.008 100% SEAT 2.459 6.330 157% SCANIA 225 324 44% PORSCHE 162 165 2% BENTLEY 4 9 125% LAMBORGHINI 7 11 57% DOAS TOTAL 32.424 57.920 79
Slide 9: Financial Performance
FINANCIAL PERFORMANCE Audi A3 Kurumsal bilgiler içermektedir. Sadece ilgili ekipler ve 3. taraflar ile kontrollü olarak paylaşılmalıdır.
Slide 10: Financial Performance (mn TL)
FINANCIAL PERFORMANCE (mn TL) Net Sales EBITDA Net Profit CapEx Total Assets Working Capital* * Comprised of cash and cash equivalents, trade receivables and inventory. Kurumsal bilgiler içermektedir. Sadece ilgili ekipler ve 3. taraflar ile kontrollü olarak paylaşılmalıdır. 10
Slide 11: Margins %
MARGINS % Gross Profit Margin OpEx/Sales EBITDA Margin %8 Kons. Maks 11 -12 % EBIT Margin Net Profit Margin Wholesale Market Sales* * Includes PV (excl Skoda), LCV and HCV sales. 11 Kurumsal bilgiler içermektedir. Sadece ilgili ekipler ve 3. taraflar ile kontrollü olarak paylaşılmalıdır.
Slide 12: Income Statement Q-on-Q and Y-on-Y Comparisons
INCOME STATEMENT Q-on-Q and Y-on-Y Comparisons TL’000 2Q 2020 1Q 2020 Δ 2Q/1Q 2Q 2020 2Q 2019 Δ 2020/ 2019 Wholesale Sales Volume (excl. Skoda, incl. Scania) 13.077 21.411 -39% 13.077 12.900 1% Revenue 2.545.431 3.181.218 -20% 2.545.431 2.157.930 18% Direct cost of revenue -2.210.754 -2.765.925 -20%
Slide 13: Income Statement
INCOME STATEMENT Gross Profit Margin was realized as 13,1% paralel to increase of 44% in revenues. Impacts on revenue and direct cost of revenue: • Increase of the average EUR/TL rate. • Model mix Income/Loss from Associates: Majority impact is due to income received from vdf Group turning positive.
Slide 14: Income from Associates
INCOME FROM ASSOCIATES 14 Kurumsal bilgiler içermektedir. Sadece ilgili ekipler ve 3. taraflar ile kontrollü olarak paylaşılmalıdır.
Slide 15: Balance Sheet
BALANCE SHEET Inventories: Number of vehicles increased from 5.878 units on 31.12.2019 to 7.439 units on 30.06.2020. Financial Liabilities: Use of financing was realized in line with expectations of TRY 2.4B, parallel to year-end use. Investments in Equity Accounted Investees 15 Kurumsal bilgiler iç
Slide 16: Financing Costs
FINANCING COSTS 16 Kurumsal bilgiler içermektedir. Sadece ilgili ekipler ve 3. taraflar ile kontrollü olarak paylaşılmalıdır.
Slide 17: Financial Performance
FINANCIAL PERFORMANCE 17 Kurumsal bilgiler içermektedir. Sadece ilgili ekipler ve 3. taraflar ile kontrollü olarak paylaşılmalıdır.
Slide 18: Key Material Disclosures in 2Q 2020
KEY MATERIAL DISCLOSURES IN 2Q 2020 06.04.20 – “Biz Bize Yeteriz Türkiyem” National Solidarity Campaign – Donation The "Biz Bize Yeteriz Türkiyem" National Solidarity Campaign was launched by our government in order to help our country overcome the Covid-19 pandemic, which has affected the world and
Slide 19: Key Material Disclosures in 2Q 2020
KEY MATERIAL DISCLOSURES IN 2Q 2020 01.07.20 – About the Competition Board Investigation As a result of its preliminary research, the Competition Board announced that an investigation was opened against the German automotive companies Audi, Porsche, Volkswagen, Mercedes-Benz and BMW. The investigati
Slide 20: 2020 Expectations
2020 EXPECTATIONS Mobility Digitalization Service Areas Operational Efficiency and Optimum Profitability Cautious Expenditure Management OEM Strategy: Maintain represented brands’ competitive position. Total Automotive Market Investment Expenditure (PC+LCV+HCV) TRY 160-170 mn 620-630 ,000 units ● Ex
Slide 21: 2020 Expectations
2020 EXPECTATIONS ➢ Our top priority is the health of our employees and customers ➢ Remotely working since Wednesday, March 18 ➢ Returning to office with one-third of capacity started Thursday, June 4 ➢ Returning to office with half capacity started Monday August 3, 2020 ➢ Hygiene and social distanc
Slide 22: Thank You – Q & A
THANK YOU – Q & A Porsche - 911 Carrera Kurumsal bilgiler içermektedir. Sadece ilgili ekipler ve 3. taraflar ile kontrollü olarak paylaşılmalıdır.
Slide 23: Kurumsal bilgiler içermektedir. Sadece ilgili ekipler ve 3. taraflar ile kontrollü olarak paylaşılmalıdır.
Kurumsal bilgiler içermektedir. Sadece ilgili ekipler ve 3. taraflar ile kontrollü olarak paylaşılmalıdır.
Doğuş Otomotiv Servis ve Ticaret A.Ş. — H1 2020 Earnings Presentation on 6ix