Tab Gida Sanayi Ve Ticaret A.s. · BIST:TABGD
Tab Gida Sanayi Ve Ticaret A.s — Q1 2024 Earnings Presentation
18 slides from Tab Gida Sanayi Ve Ticaret A.s's earnings presentation, May 31, 2024
Slide 1: 1Q 2024 Results Presentation
1Q 2024 Results Presentation 31 May 2024
Slide 2: Disclaimer
Disclaime This presentation includes forward-looking statements including, but not limited to, statements regarding TAB Gida Sanayi ve Ticaret A.S.’s (“TAB Gida”) plans, objectives, expectations and intentions and other statements that are not historical facts. Forward-looking statements can general
Slide 3: Disclaimer: IAS 29 Revision of Financial Statements
Disclaime Revision of Financial Statements in Accordance with International Accounting Standard 29 (IAS 29) for Hyperinflationary Economies: Entities operating with a functional currency from a hyperinflationary economy are required to adjust their financial reports to reflect changes in general pri
Slide 4: Business Overview
1Q 2024 Results Presentation 31 May 2024 C77 2: KING aoe SUBWAY" ae &) Usta Pines. 5) sta Donerel Business Overview
Slide 5: 1Q 2024 Overview: Sustainable Growth Continues
| 1Q 2024 Overview: Sustainable Growth Continues __* sparro.@ POPeves ——— Ml 5 % 7,651M % 5,672M t 734M t 938M + 81% YoY + 7.5% YoY + 24% YoY + 15% YoY ee 45.0M 10.9M tickets 1,654 768 screens +1.5% + 18% 39 net addition =_ a ico = TAB KING & SBARRO aboys sumone 8 =] 1G 2024 RESULTS PRESENTATION os
Slide 6: Q4; Q3; Q1;
Q4; Q1; 22-24% 20-22% Q2; Q3; 26-27% 27-29% -5,7% 1Q 2024 1H 2024 9M 2024 FY 2024
Slide 7: Robust Restaurant Growth
| | Robust Restaurant Growth Opened Continued SHEBSE gned with our plans nchise restaurants, correspondinc f our emphasizing our on expanding Laser Focused on Franchise Expansion Strategic Marketing pricing levels Initiatives : Strong Management of Daily Operations Strategic Penetration for Growth r
Slide 8: Enhanced Customer Experience with Cutting-Edge Technologies
Enhanced Customer Experience with Cutting-Edge Technologies Advancing future ready restaurant concepts Consistently focusing on enhancements in stores Incorporating multiple brands in locations under one roof * Enhancing customer experience Improving operational efficiency Testing cashier-less conce
Slide 9: Solid Growth in Restaurant Count, Evolving into a More Balanced Portfolio
Solid Growth in Restaurant Count, Evolving into a More Balance Portfolio Number of Restaurants Operated by TAB Franchise Total Stores 1,615 1,654 412 348 760 1,470 1,490 294 ao) 347 1,281 Sago 35 87 122 : 28% 36% 43% 38% 43% 116 6 122 A ’ q = 1 104 105 , ~ BN: . > ~ 8 75 80 155 ‘- ~~ = 8 10 33 43 20
Slide 10: Financial Overview
1Q 2024 Results Presentation 31 May 2024 7 2: KING aoe SUBWAY" ee &) Usta Pines. GS) sta Dowerel Financial Overview
Slide 11: 1Q 2024 Financial Results Snapshot
1Q 2024 Financial Results Snapshot 192023 ff} 102024 CD YovGrowth 734 5,277 590 1Q 2023 1Q 2024 1Q 2023 1Q 2024 1Q 2023 1Q 2024 5,353 887 855 2,993 451 (A5. 1Q 2023 1 2024 1Q 2023 1 2024 1Q 2023 1Q 2024
Slide 12: 1Q 2024 Solid Performance Based on IAS Inflation Accounting
1Q 2024 Solid Performance Based on IAS 29 Inflation Accounting 1Q 2023 % 5,277M 6 t 590M 6 11.2% 7 815M 6 15.5% 1Q 2024 5,672M 734M 12.9% 938M 16.5% Change (YoY) @ 75% @ 24% © 1280p @ 15% (a) 1.1pp “Adjusted EBITDA is calculated by deducting operating expenses (G&A and marketing expenses) from gross
Slide 13: Financial Performance - Strong Execution Translates into Solid Set of Results
Financial Performance* - Strong Execution Translates into Solid Set of Results “Figures are based on IAS 29 unadjusted basis 1Q 2023 1Q 2024 Change (YoY) % 2,993M ~ 5,353M @ 79% + 451M % 887M @ 97% 15.1% 16.6% @ 15pp + 461M 4 855M @ 36% 15.4% 16.0% @ o.6pp “Adjusted EBITDA is calculated by deducting
Slide 14: Net income bridge between 1Q 2023 and 1Q 2024
Net income bridge between 1Q 2023 and 1Q 2024 All figures in million TL : Non-cash items impacting ~s 4 our bottom line \ t \ 1 1 i} 1 i) 1 1 i i) t i 1 (70) 1 i 1 i) t (17) f 1 t 1 1 ! 1 i 1 i (812) ; i) t i 1 1 ' 1133 i) T n (656) i) t A in Other AjinFinancial ! A ; ' 1Q 2023 Net d Ain A in Moneta
Slide 15: Working Capital Management and Capital Expenditures
| Working Capital Management and Capital Expenditures All figures in million TL FY 2023 1Q 2024 10,2% Trade Receivables & Other ST Receivables 1,733 2,085 Inventories 325 302 Trade Payables & Other ST Payables 2,703 3,010 Net working capital -646 | -623 1Q 2023 1Q 2024 mmmCapex —*—Capex / Revenues =
Slide 16: Strong Balance Sheet Position
Strong Balance Sheet Position TAB Gida has a Strong Cash Surplus Position as of 1Q 2024 4,181 (65) (2,830) Short-term IFRS-16 related Net cash debt leasing liabilities Short-term Financial Debt (65) (40) Current Portion of Long-term Financial Debt (42) (25) Long-term Financial Debt ° ° Cash and Cash
Slide 17: Figures based on IAS 29 unadjusted basis note
* Figures are based on IAS 29 unadjusted basis; System-wide Sales, Revenue and Adj. EBITDA
Slide 18: Thank you
Thank you
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