Teknosa Ic Ve Dis Ticaret As · BIST:TKNSA
Teknosa Ic Ve Dis Ticaret As — Teknosa İç ve Dış Ticaret A.Ş. — Q2 2017 Earnings Presentation
14 slides from Teknosa Ic Ve Dis Ticaret As's earnings presentation, Aug 7, 2017
Slide 1: Teknosa 2Q17 Results Investor Presentation
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Investor Teknosa İç ve Dış Ticaret A.Ş. Presentation 2Q17 Results «Turkey’s Leading Electronics Retailer» Ümit Kocagil, CFO H.Şenay Akıncı Özertan, Finance and Investor Relations Manager August 7, 2017
Slide 2: Agenda
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Agenda Results at a Glance Financial Overview Year-end Guidance 2
Slide 3: Main messages
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Undisputed Market Leader Market Leader in Technical Super Stores Main Channel with 37% market share in 2Q17 messages Profit Growth TL 8,1 mn net profit in 2Q17 leaded 127% profit growth compared to 2Q16 Reaping the fruits of the Third consecu
Slide 4: 2Q17 Results
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Cleansing of loss 2Q17 making stores from Net Sales Area the network Results (‘000 m2) 165 115 resulted in 50K sqm YoY reduction in the net sales area 2Q16 2Q17 Thanks to 14,3 % LfL growth, 30% Net Sales Total 813 842 reduction in net sales (TL
Slide 5: Like-for-Like Sales Growth Trend
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Quarterly Like-for-Like Trend Like-for-Like Teknosa offers a Sales Growth promising growth story. LfL growth Trend 20% 19% reached %14 in 2Q17 14% 6% 6% 8% 2% -3% -2% -1% 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 TSS Market Share Teknosa co
Slide 6: Network and system improvements accelerate growth of e-commerce revenues
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Network and system teknosa.com Revenues (TLmn) improvements acccelerates the +17% growth of e-commerce 24% revenues in 2Q17… 86 74 48 39 2Q16 2Q17 1H16 1H17 Effective digital marketing campaigns for Mothers’ Day and TV category yielded substantia
Slide 7: Main OPEX Items are Under Strict Control
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION OPEX/Sales (%) Main OPEX Items are Under Strict Control 17% 14% 17% 15% 2Q2016 2Q2017 1H16 1H17 Hands on management on OPEX items enabled improvements in Opex/Sales. Lower OPEX/Sales ratio helped EBITDA margin to increase. 7
Slide 8: Agenda
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Agenda Results at a Glance Financial Overview Year-end Guidance 8
Slide 9: Income Statement Summary
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Income (TL mn ) 2Q16 1Q17 2Q17 YoY (%) QoQ (%) 1H16 1H17 YoY (%) Statement Net Sales 813 689 842 4% 22% 1.597 1.531 -4% Summary Gross Profit Gross Profit Margin 136 16,7% 136 19,7% 153 18,2% 13% 1,5pp 13% -1,5pp 284 17,8% 289 18,9% 2% 1,1pp EBITDAR
Slide 10: Balance Sheet Summary
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Assets (in TL mn) Jun-16 Mar-17 Jun-17 Balance Current Assets Cash and Cash Equivalents 671 82 521 8 575 15 Sheet Due From Related Parties Trade Receivables 3 68 1 66 2 87 Inventories 486 424 457 Summary Other Current Assets Non-current Assets 33 1
Slide 11: Agenda
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Agenda Results at a Glance Financial Overview Year-end Guidance 11
Slide 12: 2017 Full Year Financial Guidance
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION 2017 Full Year Accordingly, we expect to see a double digit LfL growth for 2017 Financial Due to improved store network, operational excellence and cost saving projects in 2017, we expect to observe 3%-4% EBITDA margin Guidance We expect our
Slide 13: 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 13
Slide 14: 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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