Turk Traktor Ve Ziraat Makineleri A.s. · BIST:TTRAK
Turk Traktor Ve Ziraat Makineleri A.s — H1 2016 Earnings Presentation
23 slides from Turk Traktor Ve Ziraat Makineleri A.s's earnings presentation, Aug 9, 2016
Slide 1: Press Meeting
Tui HfaKtor Press Meeting 09.08.2016 evotag | ened gous CASE eames CASE
Slide 2: Our Company at a Glance
our COMPANY at a GLANCE Established in 1954, TürkTraktör is currently the biggest tractor manufacturer of Turkey The The 62 first years widest R&D center engineers & of experience product range and of Turkey 125 technicians at TürkTraktör dealer network in tractor market in its sector R&D center* *a
Slide 3: Our Company at a Glance
our COMPANY at a GLANCE The The The only main manufacturing and producer of S8000 series main engines production center of engineering center New Holland TDD and for TDD series Case IH JX series transmissions tractors in the world The The only only design center of New manufacturing center of Hollan
Slide 4: Our Company at a Glance: Certifications
our COMPANY at a GLANCE TS ISO/IEC 27001 Information Security Management System Certificate ISO 10002 being the first certified company in ISO 14064 Greenhouse Customer Satisfaction Turkey in its sector Gas Emissions Reduction and Customer Standard and ISO 50001 Complaint Management Energy Managemen
Slide 5: Export Penetration
EXPORT PENETRATION Continuously increasing export penetration, Turkey’s biggest and the most diversified tractor exporter Tajiskistan Kyrgyzstan Nepal Niger Giunea Bangladesh Burkina Faso Benin WHERE AREN'T WE YET... 5
Slide 6: Highlights in 1H of 2016
HIGHLIGHTS in 1H of 2016 TürkTraktör CEO Marco Votta named as JANUARY Second Best-Performing CEO in a research conducted by Harvard Business Review in corporation with INSEAD Business School. MARCH İstanbul Construction Equipment Facilities opened in Gebze. MARCH New Holland TT4 series launched at K
Slide 7: Highlights in 1H of 2016
HIGHLIGHTS in 1H of 2016 JUNE Awarded the first prize by TİM, for having exported the greatest volume in the category of "Machinery and Components". JUNE According to the ISO 500 list, TürkTraktör kept its 24th place in 2015. JUNE JUNE 2nd anniversary of 400,000th Erenler Plant engine celebrated. ma
Slide 8: Highlights in 1H of 2016
HIGHLIGHTS in 1H of 2016 As of June 2016, in terms of 6 months period; total tractor production - 27.170 units total tractor sales - 24.819 units local tractor sales - 17.917 units total revenue - 1.823 mio TL local revenue - 1.293 mio TL have reached to record level. export revenue - 530 mio TL gro
Slide 9: Wide Product Range
WIDE PRODUCT RANGE Tractor Series Sold to Local Market T7000 & Magnum >140 HP Puma / T8 AC** AC** CVX Puma 120-140 HP Maxxum / T6000 CVX T6 TR6 Maxxum AC** 110 HP T5 Hi-Lo / Farmall U / CVX T5 Electro- Farmall U 105 HP Command PRO 98 HP 95 HP TD Delta T4 88 HP Quantum F/V/N TDD JX N 80 HP 78 HP TD4B
Slide 10: Wide Product Range
WIDE PRODUCT RANGE Tractor Series Sold to Export Market 115 HP 110 HP 105 HP Utility Utility 98 HP Medium Medium 95 HP TDD (HC*) JX (HC*) 88 HP 85 HP TDD JX 80 HP TDF Straddle Straddle 78 HP (Narrow Orchard) 75 HP 72 HP Utility Utility Light Light 65 HP T3F Utility (Compact Light 55 HP Orchard) New
Slide 11: Global Tractor Sales Volume
GLOBAL TRACTOR SALES VOLUME (source: Systematics, thousand units) Turkey is the 4th largest tractor market of the world 11
Slide 12: Domestic Market
DOMESTIC MARKET (source: TURKSTAT traffic registration) Tractor Market Size (units) TürkTraktör Sales in Local Market (units) +12% +9% +15% +8% Market Share TürkTraktör Others 12
Slide 13: Domestic Market: Local Production and Exportation
DOMESTIC MARKET (source: TARMAKBİR) Local Production 2015/6 vs 2016/6 (units) TürkTraktör covers TürkTraktör TürkTraktör 27.170 71% 22.716 of the total production 2015/6 2016/6 in Turkey where 38.373 tractors were Other Manufacturers Other Manufacturers manufactured in 9.296 11.203 2016/6 Exportatio
Slide 14: Factors That Effecting the Market
FACTORS THAT EFFECTING the MARKET (source: TURKSTAT, January 2011=100) Prices Stable government support to Fertilizer (cost index/kg) agriculture (billion TL) Feed (cost index/kg) Agricultural Pesticide (cost index/kg) Diesel (cost index/litre) It has been announced that the government has allocated
Slide 15: Financing of Agricultural Sector
FINANCING of AGRICULTURAL SECTOR (source: Ziraat Bank) Ziraat Bank Position in the Sector (mio TL) 53.503 +134% 45.865 Ziraat Bank’s interest rate subsidy by 50% will +202% continue in 2016. 36.401 30.970 32.643 In January 2016, up to 50.000.-TL loans, Ziraat 22.831 Bank credited by 100% without any
Slide 16: Tractor Market in Turkey
TRACTOR MARKET in TURKEY Tractor Park in Turkey Mechanization (equipment / tractor) 12.000 kg 4.200 kg 10 units 5 units 40+ years 25-39 years <25 years 202.397 units 544.936 units 879.605 units 1.626.938 >25 tractors in the average age current park 16
Slide 17: CE Sector in Turkey
CE SECTOR in TURKEY (Source: İMDER - Monthly Market Data) CE market of Heavy Line Compact Line TURKEY 10.983 Manufacturers Distributors 9.899 9.397 +%4 The 6.072 6.329 fastest growing market in the last 8 years (after China and India) 6.5 billion $ sector volume World’s 11th Top 10 Countries in term
Slide 18: Operational Performance
OPERATIONAL PERFORMANCE Production (tractor - units) Production (engine - units) +20% Sales (tractor - units) Sales (combine - units) Local Sales 45.893 47.124 Export Sales +7% +1% 23.273 24.819 +5% +7% 18
Slide 19: Financial Performance
FINANCIAL PERFORMANCE Revenue (mio TL) Gross Profit (mio TL) 3.103 Local Gross Profit Export Gross Margin 2.723 1.823 1.491 +28% +20% EBITDA (mio TL) Net Profit (mio TL) EBITDA Net Profit EBITDA Margin Net Margin 19
Slide 20: Financial Performance
FINANCIAL PERFORMANCE Working Capital (mio TL) Net Financial Position (mio TL) 2014 2015 2015/6 2016/6 2014 2015 2015/6 2016/6 616 441 582 448 -389 -429 -582 -758 Trade Receivables (net) Inventories Trade Payables (net) High Profitability Ratios RoA* (*rolling net profit) RoE* (*rolling net profit)
Slide 21: Dividend
DIVIDEND Since listed in the stock exchange market, TürkTraktör paid the total amount of 1.9 billion TL dividend. Dividend (mio TL) Dividend/Net Profit Yield 21
Slide 22: Stock Performance
STOCK PERFORMANCE (30.06.2015=100) TTRAK +21% BİST 100 -5% BİST 30 -5% 22
Slide 23: Press Meeting
Tui HfaKtor Press Meeting 09.08.2016 evotag | ened gous CASE eames CASE
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