Bim Birlesik Magazalar A.s. · BIST:BIMAS

Bim Birlesik Magazalar A.s — Q1 2016 Earnings Presentation

15 slides from Bim Birlesik Magazalar A.s's earnings presentation, Mar 31, 2016

  1. Slide 1: Results Presentation

    RESULTS PRESENTATION For the 3 months to 31 March 2016

  2. Slide 2: Notice

    NOTICE The information contained in this document has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. Neither t

  3. Slide 3: Headlines for Q1 2016

    HEADLINES FOR Q1 2016 4.811TL 243 TL 143 TL million(+18% YoY) million (+30% YoY) million CAPEX at Sales EBITDA 3,0% of sales Strong net sales in Strong EBITDA and Continued Q1 profit margins Expansion 162 TL New Stores: FİLE million (+31% YoY) 188 inTurkey 16 in Morocco 10th store opened Net Income

  4. Slide 4: Quarterly Net Sales and Gross Profit

    QUARTERLY NET SALES AND GROSS PROFIT Quarterly, TL million Net Sales Gross Profit 4.811 4.448 4.536 4.351 4.094 797 732 740 710 634 1Q15 2Q15 3Q15 4Q15 1Q16 Gross Margin 15,5% 16,3% 16,5% 16,3% 16,6% 4

  5. Slide 5: Quarterly EBITDA and EBIT

    QUARTERLY EBITDA AND EBIT Quarterly, TL million EBITDA EBIT 243 231 229 218 187 187 185 194 177 149 1Q15 2Q15 3Q15 4Q15 1Q16 EBITDA Margin 4,6% 5,0% 5,2% 5,1% 5,0% EBIT Margin 3,6% 4,1% 4,2% 5 4,1% 4,0%

  6. Slide 6: Quarterly Net Income

    QUARTERLY NET INCOME Quarterly, TL million 169 162 Net Income 150 141 124 1Q15 2Q15 3Q15 4Q15 1Q16 Net Income Margin 3,0% 3,4% 3,8% 3,1% 3,4% 6

  7. Slide 7: Like for Like Sales Increase (Turkey BİM Only)

    LIKE FOR LIKE SALES INCREASE (TURKEY BİM ONLY) Quarterly INCREASE / 2015 Q1 2016 Q1 DECREASE Like-For-Like Sales (TL- Sales 10.000 10.666 6,7% per Store per Day) Like-For-Like Basket (TL per 13,42 14,63 9,0% visit) Like-For-Like Customer Traffic 745,2 729,2 -2,1% (Per store/per Day) (*)Note: calcula

  8. Slide 8: Low-Capex Business Model

    LOW-CAPEX BUSINESS MODEL Quarterly Capex & % of Net Sales 3,5% 3,0% 3,0% 2,6% 2,4% 157 143 130 108 105 1Q15 2Q15 3Q15 4Q15 1Q16 Quarterly CAPEX % of Net Sales 8

  9. Slide 9: Strong Store Growth Continues

    STRONG STORE GROWTH CONTINUES Number of Stores Stores in Egypt Stores in Morocco Stores in Turkey (BİM) 5.160 4.822 4.878 4.972 4.635 236 116 258 127 269 140 279 157 295 97 1Q15 2Q2015 3Q2015 4Q2015 1Q2016 9

  10. Slide 10: Foreign Operations & FİLE Highlights

    FOREIGN OPERATIONS & FİLE HIGHLIGHTS MOROCCO EGYPT • 16 stores opened in Q1 2016 and we • 17 stores opened in Q1 2016 and we have 295 stores to date have 157 stores to date • Target this year is 80 new stores • Target this year is 100 new stores FİLE • 1 new store opened in Q1 2016 and we have 10 st

  11. Slide 11: Q&A

    Q&A 11

  12. Slide 12: Appendix: IFRS Financials

    APPENDIX IFRS Financials 12

  13. Slide 13: IFRS Income Statement

    IFRS INCOME STATEMENT 3 months ended 31 March TL million 2015 2016 Net Sales 4.094,2 4.810,8 (COGS) (3.459,9) (4.014,1) Gross Profit 634,3 796,7 Total SG&A (447,3) (553,8) EBITDA 187,0 242,9 D&A (38,5) (49,2) EBIT 148,5 193,7 Net financial income/(expenses) 5,9 5,9 Other income/(expenses) 3,7 6,2 PB

  14. Slide 14: IFRS Balance Sheet

    IFRS BALANCE SHEET As at 31 March TL million Q1 2015 Q1 2016 Intangible assets 4,7 7,2 Tangible assets 1.304,1 1.852,9 Financial Investments (long term) 157,5 181,8 Other non-current assets 25,7 43,0 Total fixed assets 1.492,0 2.084,9 Trades receivable 480,0 553,8 Inventories 866,1 1.015,0 Prepaymen

  15. Slide 15: IFRS Cash Flow

    IFRS CASH FLOW 3 months ended 31 March TL million 2015 2016 Net Income 123,5 162,1 D&A 38,5 49,2 Other non-cash items (2,8) 1,6 Funds from operations 159,2 212,9 Change in net working capital 25,7 51,7 Operating cash flow 184,9 264,6 Capital expenditures (107,7) (142,6) Proceeds from sales of PPE 2,

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