Migros Ticaret A.s. · BIST:MGROS
Migros Ticaret A.s — 9M 2013 Earnings Presentation
12 slides from Migros Ticaret A.s's earnings presentation, November 2013
Slide 1: Migros Ticaret A.Ş. 9M 2013 Financial Results
Migros Ticaret A.Ş. 9M 2013 Financial Results November 2013 ---------------------------- Ortakoy Store, new Migros concept
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 Ortakoy Migros Store, new concept Financial Key Financial Overview Metrics Guidance Appendix Kanyon Macrocenter 2
Slide 4: Sales in 9M 2013
Sales in 9M 2013 Consolidated sales in 9M 2013 reached TL 5,312 million corresponding to a calendar adjusted yearly growth rate of 10.2%*. The Company continued to gain market share also in the third quarter of 2013. Quarterly Sales (TL million) Sales (TL million) 1,825 Constructi 2,001 4,818* C
Slide 5: Expansion: Accelerated Store Openings
Expansion: Accelerated Store Openings Domestic Sales Area Split by Format –9M 2013 30 new store openings in 3Q2013 142 new stores, including 135 supermarkets, 2 hypermarkets and 5 Ramstores (4 in Macedonia and 1 in Kazakhstan) have been added to the store network in the first 9 months of 2013.
Slide 6: Operations Overview / Key Highlights
Operations Overview / Key Highlights Core Business: Mid/Large Supermarkets Supermarket: Well positioned in accelerating trading up New Migros concept has already been implemented Strong growth on 15 mid/large stores. 5 promising format stores will be renovated by the end of 2013. Accelerated s
Slide 7: Financial Overview in 3Q 2013
Financial Overview in 3Q 2013 Solid Gross Profit Generation Solid EBITDA Generation In 3Q 2013, EBITDA rose by 10.3% y-o-y to TL 137 million and the Company In 3Q 2013, Gross profit increased by delivered 6.8% EBITDA margin. 11.8% y-o-y to TL 523 million. Gross margin improved throughout 2013.
Slide 8: Key Financial Metrics
Key Financial Metrics Sustainable Sales Growth Sustainable EBITDA generation Sales EBITDA (*): Sales without divested operations (*): EBITDA without divested operations (**) The last 12 months SALES generation between 01.10.2012-30.09.2013 for the comparability purposes Strategy Pillars (***) The la
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 : 120-150 new supermarkets and 2-3 hypermarkets per year Present cities Cities no
Slide 10: Appendix
Appendix
Slide 11: Summary of Income Statement – 9M 2013
SUMMARY OF INCOME STATEMENT – 9M 2013 IFRS Consolidated Income Statement Summary (TL Million) 9M 2013 9M 2012 Net Sales 5,311.9 4,832.7 Cost of sales -3,911.3 -3,566.1 Gross Profit 1,400.6 1,266.5 Operating Expenses -1,191.9 -1,060.4 Other Operating Income / (Expense) -37.8 -60.4 Operating Profit 17
Slide 12: Summary of Balance Sheet – 9M 2013
SUMMARY OF BALANCE SHEET – 9M 2013 IFRS Consolidated Balance Sheet Summary (TL Million) 9M 2013 2012 Current Assets 2,156.2 1,908.6 Non-current Assets 3,777.0 3,715.8 Total Assets 5,933.2 5,624.3 Current Liabilities 2,288.5 1,875.1 Non-current Liabilities 2,669.3 2,487.1 Total Liabilities 4,957.7 4,