Dogus Otomotiv Servis Ve Ticaret Anonim Sirketi · BIST:DOAS
Dogus Otomotiv Servis Ve Ticaret Anonim Sirketi — Doğuş Otomotiv Servis ve Ticaret A.Ş. — Q1 2020 Earnings Presentation
19 slides from Dogus Otomotiv Servis Ve Ticaret Anonim Sirketi's earnings presentation, Jun 10, 2020
Slide 1: 1Q 2020 Analyst Briefing Presentation
1Q 2020 ANALYST BRIEFING PRESENTATION Kerem Talih 10 June 2020 1 Kurumsal bilgiler içermektedir. Sadece ilgili ekipler ve 3. taraflar ile kontrollü olarak paylaşılmalıdır.
Slide 2: 1Q 2020 Doğuş Otomotiv Main Segment Sales
1Q 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 olarak
Slide 3: Competition (Retail)
COMPETITION (Retail) VW PC ranked 2nd in the cumulative passenger vehicle market with 12,0% market share. ŠKODA has a market share of 3,8%. SEAT has a 2,8% market share. Audi ranked 3rd in the cumulative premium segment with 24,7% market share VW LCV has a 12,0% market share steady at 3rd place in t
Slide 4: 1Q 2020 Passenger Vehicle Market (%)
1Q 2020 PASSENGER VEHICLE MARKET (%) Retail - PC market increased by 44,8% yoy. - DOAS’ market share in the passenger vehicle market was realized as 20,8%. - Renault leads with a 22,8% market share in the PC market. - Segment ranking (Top 10): - Luxury Segment ranking: Source: Automotive Distributor
Slide 5: 1Q 2020 Light Commercial Vehicle Market (%)
1Q 2020 LIGHT COMMERCIAL VEHICLE MARKET (%) Retail - Light Commerical Vehicle market increased by 26,0% yoy. - DOAS maintained its 3rd position with 12,0% market share. - Leaders in the LCV market are Ford Otosan with 37,1% market share and Tofaş with 21,4% market share. - Segment ranking: Source: A
Slide 6: 1Q 2020 Doğuş Otomotiv Brand Sales Performance
1Q 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: Financial Performance
FINANCIAL PERFORMANCE Audi Q2 Kurumsal bilgiler içermektedir. Sadece ilgili ekipler ve 3. taraflar ile kontrollü olarak paylaşılmalıdır.
Slide 8: 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. 8
Slide 9: 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. 9 Kurumsal bilgiler içermektedir. Sadece ilgili ekipler ve 3. taraflar ile kontrollü olarak paylaşılmalıdır.
Slide 10: Income Statement
INCOME STATEMENT Gross Profit Margin was realized as 13,1% paralel to increase of 76% in revenues. Impacts on revenue and direct cost of revenue: • Increase of the average EUR/TL rate. • Model mix • Shift towards high margin items. Income/Loss from Associates: Majority impact is due to income receiv
Slide 11: Income from Associates
INCOME FROM ASSOCIATES 11 Kurumsal bilgiler içermektedir. Sadece ilgili ekipler ve 3. taraflar ile kontrollü olarak paylaşılmalıdır.
Slide 12: Balance Sheet
BALANCE SHEET Inventories: Number of vehicles increased from 5.878 units on 31.12.2019 to 7.335 units on 31.03.2020. 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 12 Kurumsal bilgiler iç
Slide 13: Financing Costs
FINANCING COSTS 13 Kurumsal bilgiler içermektedir. Sadece ilgili ekipler ve 3. taraflar ile kontrollü olarak paylaşılmalıdır.
Slide 14: Financial Performance
FINANCIAL PERFORMANCE Million TL 31.03.2020 31.12.2019 Δ Working capital 2.398 2.330 3% Net Cash Position* -1.917 -1.691 -13% Receivable Turnover (day) 22 28 -20% Inventory Turnover (day) 42 40 4% Payable Turnover (day) 23 30 -25% * Net Cash Position updated in line with IFRS 16, bank loans and empl
Slide 15: Key Material Disclosures in 1Q 2020
KEY MATERIAL DISCLOSURES IN 1Q 2020 18.03.20 – Tuvturk Loan Mandate Letter Yapı Kredi Bank was authorized and a mandate letter was signed within this scope for consortium banks to be created under the leadership of Yapı Kredi Bank for a loan of TL equivalent of 110.000.000 EUR with a term of 6 years
Slide 16: 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 17: 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 ➢ Hygiene and social distance standards strictly applied during the pandemic at Doğuş Oto The effec
Slide 18: Thank You – Q & A
THANK YOU – Q & A Seat Leon Kurumsal bilgiler içermektedir. Sadece ilgili ekipler ve 3. taraflar ile kontrollü olarak paylaşılmalıdır.
Slide 19: 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. — Q1 2020 Earnings Presentation on 6ix