Migros Ticaret A.s. · BIST:MGROS
Migros Ticaret A.s — Q1 2013 Earnings Presentation
12 slides from Migros Ticaret A.s's earnings presentation, May 2013
Slide 1: Migros Ticaret A.Ş. 1Q 2013 Financial Results
Migros Ticaret A.Ş. 1Q 2013 Financial Results May 2013
Slide 2: Disclaimer Statement
Disclaimer Statement Migros Ticaret A.Ş. (the “Company”) has prepared this presentation for the sole purpose of providing information about its business, operations and financial results. The information in this presentation is subject to updating, revision and amendment. The information in this pre
Slide 3: Contents
CONTENTS Sales Expansion Operations Overview Kanyon Macrocenter, Kanyon İstanbul Macrocenter , İstanbul Financial Balance Sheet Structure Overview Guidance Appendix Beylikdüzü 5M, İstanbul 2
Slide 4: Sales in 1Q 2013
Sales in 1Q 2013 Consolidated sales reached TL 1,591 million corresponding to a calendar adjusted yearly growth rate of 10.4%. Quarterly Sales (TL million) Construction 1,591 1,440 * 1Q 2012* 1Q 2013 (*): Net sales in 1Q2012 is adjusted by equalizing calendar days in both quarters (1 additional da
Slide 5: Expansion: Accelerated Store Openings
Expansion: Accelerated Store Openings Domestic Sales Area Split by Format –1Q 2013 41 new stores, including 40 supermarkets and 1 hypermarket have been added to the store network in the first quarter of 2013. Number of stores reached 907 as of March 2013. Number of Stores - Total Construction 90
Slide 6: Operations Overview / Key Highlights
Operations Overview / Key Highlights Core Business: Mid/Large Supermarkets Supermarket: Well positioned in accelerating trading up More streamlined Modern Turkish operations: Tansas consumers are up stores in Antalya trading. region are being converted to Migros Exceptional service format as M
Slide 7: Financial Overview in 1Q 2013
Financial Overview in 1Q 2013 Solid Gross Profit Generation Solid EBITDA Generation Gross profit increased by 9.6% y-o-y to TL 422 EBITDA increased by 5.8% y-o-y to TL 105 million, which corresponds to a margin of million and the Company delivered 6.6% EBITDA 26.5% in 1Q2013. margin in 1Q2013. Q
Slide 8: Healthier Balance Sheet Structure
Healthier Balance Sheet Structure Sustainable EBITDA generation* EBITDA Net Debt/EBITDA improved significiantly Net Debt / EBITDA Improved Negative Cash Conversion Cycle** Working 2012 1Q2013 Capital 2011 - 36 days - 36 days 2010 - 35 days - 31 days (**): Domestic operations (*) The last 12 months E
Slide 9: Guidance 2013 and Medium Term
Guidance 2013 and Medium Term .Sales growth : Double digit sales growth . Gross profit : Full year gross margin range 25.5% – 26.0% . EBITDA margin : Full year EBITDA margin range 6.0% – 6.5% . Expansion target : 100-150 supermarkets and 2-3 hypermarkets per year Present cities Cities not co
Slide 10: Appendix
Appendix
Slide 11: Summary of Income Statement – 1Q 2013
SUMMARY OF INCOME STATEMENT – 1Q 2013 IFRS Consolidated Income Statement Summary Change (Million TL) 1Q2013 1Q2012 (%) Net Sales 1,590.7 1,454.8 9.3 Cost of sales -1,168.6 -1,069.6 9.3 Gross Profit 422.0 385.2 9.6 Operating Expenses -363.3 -325.6 11.6 Operating Profit Before Other Operating Income /
Slide 12: Summary of Balance Sheet – 1Q 2013
SUMMARY OF BALANCE SHEET – 1Q 2013 IFRS Consolidated Balance Sheet Summary (Million TL) 1Q2013 2012 Current Assets 1,797.7 1,908.6 Non-current Assets 3,708.9 3,715.8 Total Assets 5,506.7 5,624.3 Current Liabilities 1,755.3 1,875.1 Non-current Liabilities 2,454.4 2,487.1 Total Liabilities 4,209.7 4,3