Tat Gida Sanayi A.s. · BIST:TATGD
Tat Gida Sanayi A.s — Tat Gıda Sanayi A.Ş. — Q3 2020 Earnings Presentation
11 slides from Tat Gida Sanayi A.s's earnings presentation, 2020
Slide 1: 2020 Q3 Financial Results
2020 Q3 Financial Results ry
Slide 2: Net Sales (TL Mn)
Net Sales (TL Mn) A Strong Growth Story +32% 1.200 1.142 1.092 1.042 1.000 960 879 822 829 800 600 400 200 0 2015 2016 2017 2018 2019 2019 EoP 2020 EoP *Pastavilla business figures excluded from all years due to the discontinued operations.
Slide 3: Net Sales Breakdown by Product Group
Net Sales Breakdown by Product Group Strong growth in both categories; higher positive impact on Tat products Breakdown of Categories (TL Mn) Tomato Paste & Canned Food Montly Turnover +32% (TL Mn) 100 1.1 00 1.092 90 89 89 1.0 50 829 77 72 1.0 00 80 950 900 850 513 70 56 56 800 750 51 60 +19% 700 6
Slide 4: Net Sales Breakdown by Region
Net Sales Breakdown by Region Exports grew by 64% with new distribution agreements Exports (TL Mn) Export (%) +64% 140 120 8,8% 11,0% 120 100 80 73 2019 2020 60 EoP EoP 40 20 0 Export Domestic 2019 EoP 2020 EoP Pastavilla business figures excluded from all years due to the discontinued operations.
Slide 5: Gross & Operating Profit
Gross & Operating Profit Favorable product mix had a positive impact on profitability Gross Profit (TL Mn) Operating Profit (TL Mn) +35% 120 +49% 15, 0% 14, 0% 115 13, 0% 12, 0% 250 236 100 107 11, 0% 10, 0% 7,3% 9,0 % 5,9% 9,3% 9,3% 10,6% 8,0 % 7,0 % 175 80 200 6,0 % 77 5,0 % 4,0 % 150 60 70 3,0 %
Slide 6: EBITDA & Income Before Tax
EBITDA & Income Before Tax Profit Margins are well above previous years due to effective management of financial expenses EBITDA (TL Mn) Income Before Tax (TL Mn) +62% 100 +81% 130 11, 0% 126 95 90 120 9,0 % 6,3% 110 13, 0% 80 100 107 11,6% 70 6,6% 8,7% 7,0 % 72 90 9,4% 9,4% 6,3% 5,0 % 6,5% 8,0 % 5,
Slide 7: Net Income (TL Mn)
Net Income (TL Mn) 74 mio TL Net Income Generated +64% 100 10, 0% 90 8,2% 7,4% 6,8% 8,0 % 80 6,4% 5,8% 5,4% 6,0 % 74 70 60 67 65 3,7% 66 61 4,0 % 50 2,0 % 40 45 30 39 0,0 % 20 -2,0% 10 0 -4,0% 2015 2016 2017 2018 2019 2019 EoP 2020 EoP Net Income NI Margin
Slide 8: Net Financial Debt / EBITDA (TL Mn)
Net Financial Debt / EBITDA (TL Mn) Net Financial Debt Net Financial EBITDA (rolling) Financial Debt Cash / EBITDA (rolling) Debt 2015 70 1,0 89 18 71 2016 75 0,4 74 43 31 2017 63 1,5 110 13 97 2018-Q1 64 1,9 133 9 125 2018-H1 65 1,6 112 10 102 2018-Q3 47 3,0 182 40 142 2018 54 2,4 156 28 128 2019-Q
Slide 9: Financial Indicators
Financial Indicators Financial Ratios at healthy levels TL Mn 2018 2019 2019-Q3 2020-Q3 Current Ratio 2,6 2,8 2,2 2,1 Liquidity Ratio 1,6 1,6 1,2 1,2 Net Financial Debt/Equity 0,3 0,3 0,3 0,3 Working Capital (TL Mn) 394 542 513 618
Slide 10: Summary Balance Sheet (TL Mn)
Summary Balance Sheet (TL Mn) TL Mn 2015 2016 2017 2018 2019 2019-Q3 2020-Q3 Current Assets 491 500 563 641 780 823 1.113 Cash 18 43 13 28 10 18 109 Trade receivables 238 230 281 323 384 367 424 Inventories 193 203 232 238 338 394 499 Non-current Assets 163 191 223 223 247 247 223 Total Assets 1.103
Slide 11: THANK YOU
THANK YOU Q)