Slide 1: Investor Presentation 2024-H1 Financial Results
Konfrut Investor Presentation 2024-H1 Financial Results KONFRUT INVESTOR PRESENTATION 2024-H1
Slide 2: Contents
Contents • Highlights • Konfrut AG at a Glance • Market Dynamics • Konfrut AG Business Units • Operations • Post-Period Developments • Consolidated Financial Results • Stock Performance KONFRUT INVESTOR PRESENTATION 2024-H1 2
Slide 3: Highlights
Highlights Sales • In 2024-H1, Konfrut AG succeeded in diversifying its operations in all business units and increasing in volume terms compared to the same period last year. 2024-H1 Financial Summary • In this period, Konfrut AG increased agri sourcing products supply volume by 88%, YoY and sold 14
Slide 4: Konfrut AG at a Glance
Konfrut AG at a Glance Business Units In 2024-H1; Agri Sourcing Supply Fresh Fruit & Vegetable Suppy Leading the Agricultural Agri Sourcing Transformation and Services 140 thousand 88% 2,828 ton 23% tons Increase Increase Turkey's largest industrial fruit buyer Transported Agri Sorucing Products Num
Slide 5: Market Dynamics
Market Dynamics 2022 2023 2024 Food Prices and Production Cost 160 September 2022 138.2% 140 120 Food Prices 100 • According to the Food and Agriculture Organization of 80 the United Nations (FAO) data, global food prices were 60 January 2022 57.3% 121.0 in June, following May's level of 120.6. (Sou
Slide 6: Market Dynamics: Production Data
Market Dynamics Production Domestically 2021 2022 2023 Production Data 13.0 13.1 13.3 With Selected Fruit and Vegetable Groups According to latest data Turkey produced a total of 137 million tons of agricultural products in 2023. Million tons According to forecasts released by TurkStat, • Turkey's a
Slide 7: Market Dynamics: Fresh Fruits & Vegetables Exportation
Market Dynamics Fresh Fruits & Vegetables Exportation Volume Basis: Citrus Fruits Fresh Fruits 935K tons 673K tons Fresh Fruit and Vegetable Exportation from Turkey • In 2024-H1, fresh fruit and vegetable exports contracted Fresh Vegetables by 13% in volume terms compared to the previous 628K tons y
Slide 8: Konfrut AG Business Units
Konfrut AG Business Units Agri Sourcing Agri Hauling Logistics Green Energy Agri Input Products Transportation Pomace & Fertilizer Agri Trading Warehousing Packaging KONFRUT INVESTOR PRESENTATION 2024-H1 8
Slide 9: Operations: Agri Sourcing Business Unit in 2024-H1
Operations Fresh Fruit and Vegetables Volume (tons) Agri Sourcing Business Unit in 2024-H1 +23% 35% 2,828 fresh fruit & Agri Sourcing Supply vegetable exports 2,291 to 140K Germany +88% tons 74.4K tons 13 The number of 1H2023 1H2024 exporting countries 1H2023 1H2024 • In 2024-H1, 54% of the agri sou
Slide 10: Operations: Logistics Business Unit in 2024-H1
Operations Distribution of Hauling Service Volume Basis Logistics Business Unit in 2024-H1 1K tons 10K tons Logistics Operations • The transport of agricultural raw materials and industrial products carried out under Dry Cargo 134K the Logistics Business Unit grew by 118% in tons Cold Chain 2024-H1,
Slide 11: Operations: Industry Business Unit in 2024-H1
Operations Industry Business Unit in 2024-H1 • Efforts are being made to expand the use of technology in every process of agricultural production. In the first half of the year, digital agricultural devices were used in tomato and jerusalem artichoke crops. During this period, 20 devices were instal
Slide 12: Post-Period Developments
Post-Period Developments The Transformation Journey from a One-Plant Company to a New Generation Agricultural Supply Chain Company Continues. The Birth of Konfrut GAP Completion of Factory Sale and Operations Transfer • Konfrut AG, which plans to continue its leadership in industrial fruit • The ope
Slide 13: Consolidated Financial Results 2024-H1
Consolidated Financial Results 2024-H1 KONFRUT INVESTOR PRESENTATION 2024-H1
Slide 14: Net Sales Improvement
Net Sales Improvement Consolidated Sales Volume (Thousand Tons) +3% Steady Growth in Agricultural Operations 413 426 • In 2024-1H, sales volume of Konfrut AG grew by 88% and reached 140K tons, YoY. In the first half of the year, 54% of the agrisourcing materials were sold to Akkent-Denizli Factory,
Slide 15: Profitability
Profitability Gross Profit (Million TL) 64.7 • Due to the implementation of inflation accounting in financial reporting, 55.9 the valuation of products with long inventory periods led to an increase in cost of goods sold. Consequently, a gross profit of TL 13.3 million was recorded on a consolidated
Slide 16: Financial Debt and Equity
Financial Debt and Equity Equity (Million TL) 1,386.9 -7% 1,285.8 • In the first half of the year, net financial debt decreased by 41% compared to the end of 2023. • 46% of financial debt are short-term. December 31, 2023 June 30, 2024 Net Financial Debt (Million TL) Financial Debt Distribution 255.
Slide 17: Investments
Investments • In the second quarter of the year, 433.6 million TL obtained from the completion of the Factory sale provided resources for investments to support growth in agriculture. Acquisition of Financial Fixed Assets Investment Expenditures Distribution TL 2.3 • Through a capital increase with
Slide 18: Income Statement - Summary
Income Statement - Summary (Million TL) 1H2023 1H2024 Change (%) 2Q2023 2Q2024 Change (%) Net Sales 638.8 640.1 0.2% 367.0 396.1 7.9% Cost of Sales (574.1) (626.8) 9.2% (311.2) (398.6) 28.1% Gross Profit 64.7 13.3 -79.4% 55.9 (2.5) -104.5% General Administrative Expenses (31.3) (37.3) 19.2% (14.7) (
Slide 19: Balance Sheet - Summary
Balance Sheet - Summary (Million TL) December 31, 2023 June 30, 2024 Current Liabilities 2,486.3 2,794.8 Cash and Cash Equivalents 41.2 53.5 Trade Receivables 538.0 1,058.5 Inventories 1,255.3 1,023.0 Non-Current Assets 807.2 242.0 Total Assets 3,293.5 3,036.8 Current Liabilities 1,754.0 1,595.2 Sho
Slide 20: Financial Ratios
Financial Ratios 1H2023 1H2024 Gross Profit Margin 10.1% 2.1% December 31, 2023 June 30, 2024 Current Ratio 1.4 1.80 Acid-Test Ratio 0.7 1.1 Short-Term Financial Debt/ Total Financial Debt 0.6 0.5 Net Financial Debt/Equity 0.2 0.1 KONFRUT INVESTOR PRESENTATION 2024-H1 20
Slide 21: Stock Performance
Stock Performance Konfrut Stock Price Developments Public Offering Date 10.06.1996 15000 16 Issued Capital TL 264,000,000 15 Ticker Symbol KNFRT 13000 14 13 Free Float Rate 22.38% 11000 12 Stock Price TL (June, 2023 - June, 2024) 7.70 - 10.73 11 9000 TL 7.70 10 Market Value TL 2,832,720,000 7000 TL
Slide 22: Legal Disclaimer
Legal Disclaimer Information about Konfrut Gıda Sanayi ve Ticaret A.Ş. (Konfrut Gıda) and its subsidiaries Konfrut AG Tarım A.Ş. (Konfrut AG) and Konfrut GAP Tarım A.Ş. (Konfrut GAP), the financial statements’ analysis and current views on possible future events are included in this presentation. Al
Slide 23: Investor Relations Department
INVESTOR RELATIONS DEPARTMENT Cemre Ekici Bayram – Investor Relations Manager Phone: +90 216 545 68 68 E-mail: yatirimci@konfrutag.com.tr Investor Relations Website KONFRUT INVESTOR PRESENTATION 2024-H1