Teknosa Ic Ve Dis Ticaret As · BIST:TKNSA
Teknosa Ic Ve Dis Ticaret As — Teknosa İç ve Dış Ticaret A.Ş. — Q3 2020 Earnings Presentation
15 slides from Teknosa Ic Ve Dis Ticaret As's earnings presentation, October 2020
Slide 1: Teknosa Investor Presentation 3Q20 Results
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Investor Teknosa Presentation 3Q20 Results «Turkey’s Leading Electronics Retailer» October , 2020 Genel
Slide 2: Agenda
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Agenda Main Messages Financial Overview 2 Genel
Slide 3: Main Messages
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Sales: All-time high 3Q20: +61%, TL 1.671M Main 9M20:+28%, TL 3.674M Messages Profitability: Highest quarterly 3Q20: TL 62,6M profit ever 9Q20: TL 15,9M Online sales: 2.2 times sales in 3Q20 3Q20: +123%, TL 146M 9M20: +281%, TL 705M All measures ag
Slide 4: Key Drivers for Strong Financial Performance
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Main Key Drivers for Strong Financial Performance Messages ➢ Adapting to customer’s changing needs, improvements in online and offline channels ( supply chain, inventories, cash management, supplier and cost management) digitalization and data base
Slide 5: Consumer Confidence Index
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Consumer ➢ In September 2020, the Consumer Confidence Index hit 82.0*, the highest September value of last 3 years. Accordingly, demand for electronic products has Confidence Index increased in the market with the impact of Covid-19 pandemic. Consu
Slide 6: 3Q20 Results
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION ➢ Operational efficiency 3Q20 ➢ Store relocations Net Sales Area ➢ Results (‘000 m2) (3Q19 105 k sqm) 101 97 2Q20 3Q20 ➢ Increase in demand %61,1 ➢ Product variety and Net Sales Total 1.671 availability (TL mn) Revenues 1.037 ➢ Add-on sales (M TL)
Slide 7: Electronics Retail Market and Teknosa
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION ➢ The electronics retail market(*) grew by 28,6% LfL reaching TL 52,3 bn in 8M20 Electronics ➢ Growth by segments: IT 91,8%, MDA 27.7%, Consumers Electronics 25,2%, , Retail Market Telecom 24,7% and SDA 11.9% ➢ TSS channel accounts for 20,8% (inclu
Slide 8: Steady growth in online sales
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Steady growth in 281% 705 online sales 123% 146 185 65 3Q19 3Q20 9M19 9M20 ➢ After store reopenings, online/total sales 9% in 3Q20 ➢ With pandemic effect, online/total sales 19% in 9M20 ➢ Steady growth due to the positive impact of digitization COM
Slide 9: Agenda
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Agenda Main Messages Financial Overview 9 Genel
Slide 10: OPEX/Sales ratio
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION OPEX/Sales (%) OPEX/Sales ratio 14% 13% 11% 9% 9M19 9M20 3Q19 3Q20 ➢ Operational expenses/sales decreased from 13 % in 3Q19 to 9% in 3Q20. ➢ Benefiting partially from rental discounts(TL 3,5 M) and short-time work allowance( TL 6 M) in 3Q20. ( Avai
Slide 11: Working Capital and Cash Position
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Working Capital Requirement (TL mn) Working TL -237 mn TL -291 mn TL -181 mn ➢ TL 110 M change, Capital and Despite the increased share of telecom Cash Position 616 74 744 88 974 87 products, with shorter maturities, trade 927 1123 1241 payables di
Slide 12: Income Statement Summary
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION (TL mn ) 3Q19 2Q20 3Q20 YoY (%) 9M19 9M20 YoY (%) Income Net Sales 1.037 955 1.671 61% 2.880 3.674 28% Statement Gross Profit 184 123 295 60% 504 592 17% Summary Gross Profit Margin 17,8% 12,9% 17,6% -0,1pp 17,5% 16,1% -1,4pp EBITDAR 100 56 198 99%
Slide 13: Balance Sheet Summary
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Assets (in TL mn) Sep-19 Jun-20 Sep-20 Balance Current Assets Ca s h a nd Ca s h Equi va l ents 719 22 1.178 325 1.373 264 Tra de Recei va bl es 74 88 87 Sheet Inventori es 616 744 974 Other Current As s ets 7 21 49 Summary Non-current Assets 535 4
Slide 14: Thank You
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Thank You Contact Information: H. Şenay Akıncı Özertan– Finance and Investor Relations Manager +90 (216) 468 37 46 sozertan@teknosa.com IR web page: http://yatirimci.teknosa.com/homepage IR e-mail: yatirimciiliskileri@teknosa.com 14 Genel
Slide 15: Disclaimer
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Disclaimer The information and opinions contained in this document have been compiled or arrived at by Teknosa from sources believed to be reliable and in good faith, but no representation or warranty, expressed or implied, is made as to their accu
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