Atakey Patates Gida Sanayi Ve Ticaret As · BIST:ATAKP
Atakey Patates Gida Sanayi Ve Ticaret As — Atakey Patates — Q1 2026 Earnings Presentation
19 slides from Atakey Patates Gida Sanayi Ve Ticaret As's earnings presentation, Apr 21, 2026
Slide 1: Q1 2026 Results Presentation
ATAKEY PATATES Q1 2026 Results Presentation 21 April, 2026
Slide 2: Disclaimer
Disclaimer This presentation includes forward-looking statements, including, but not limited to, statements regarding Atakey Patates's plans, objectives, expectations, and intentions, and other statements that are not historical facts. Forward-looking statements can generally be identified by the us
Slide 3: Key Performance Indicators Q1 2026 After and Before IAS 29
Key Performance Indicators Q1 2026 After and Before IAS 29-Inflation Accounting Revenue Gross Profit EBITDA Net Loss After IAS-29 ₺ 948 M ₺ 87 M ₺ 106 M ₺ (104) M Revenue Gross Profit EBITDA Net Profit Before IAS-29 ₺ 912 M ₺ 192 M ₺ 174 M ₺ 164 M 3
Slide 4: Strong Execution and Products Mix Transformation in Q1 2026
Strong Execution and Products Mix Transformation in Q1 2026 Total Production Volumes K Tonnes Consistent Harvesting and Production 67.4 Expected harvest intake around 7% 115K tonnes in 2026 18.7 19.3 20.8 Strong supply visibility in a tightening market environment 1Q24 1Q25 1Q26 2025 Early signs of
Slide 5: Raw Material Pricing Environment in Markets
Raw Material Pricing Environment in Markets As of 1Q 26 Beginning to Normalize Domestically Domestic Markets Global Markets Global potato pricing remains under pressure PPI of Agricultural Headline Inflation Raw Potato Prices Products continued to remained elevated Initial signs of recovery increase
Slide 6: Government-Led Production Planning to Support Supply Discipline
Government-Led Production Planning to Support Supply Discipline ✓ New framework introduced by the Republic of Turkiye Ministry of Agriculture and Forestry in February 2026 ✓ Impact to phase in gradually, supporting lower supply over time ✓ Early signs of more disciplined planting trends emerging ✓ A
Slide 7: Q1 2026 Sales Performance: Sustained Domestic Demand and Sales Quality
Q1 2026 Sales Performance: Sustained Domestic Demand and Sales Quality Sustained Domestic Sales Growth 69.3 80 10% ✓ Domestic sales volume (including TAB Gıda and 3rd party) grew to 15.9K tonnes 7% 15.9 7% YoY, led by frozen potato volumes and continued strength of coated products 1Q26 2025 2026 ✓ C
Slide 8: Channel Allocation in Q1 2026: TAB Gıda as the Primary Growth Engine
Channel Allocation in Q1 2026: TAB Gıda as the Primary Growth Engine 3rd Party Sales TAB Gıda Sales Stable Volumes Core Growth Driver 80% Share 2.2K tonnes Frozen Products sold in 1Q26 TAB Gıda Sales with 13.8K tonnes sold Secondary Contribution 11% yoy increase in 1Q26 K Tonnes 16.6 16.6 16.0 40.8
Slide 9: Q1 2026 Financial Results Overview
Q1 2026 Financial Results Overview 9
Slide 10: Performance in 1Q26 and 1Q25 Before IAS 29 - Inflation Accounting
Performance in 1Q26 and 1Q25 Before IAS 29 - Inflation Accounting 1Q26 1Q25 YoY% Million ₺ Revenues 912 821 11% Gross Profit 192 183 5% Gross Profit margin % 21% 22% -1pp EBITDA 174 176 -1% EBITDA margin % 19% 21% -2pp Net Profit * 164 233 -29% Net Profit margin % 18% 28% -10pp * Assuming no VUK inf
Slide 11: Performance in 1Q26 and 1Q25 After IAS 29 - Inflation Accounting
Performance in 1Q26 and 1Q25 After IAS 29-Inflation Accounting Million ₺ 1Q26 1Q25 YoY% YoY % Revenues 948 1,118 -15% Gross Profit 87 109 -20% Gross Profit margin % 9% 10% -1pp EBITDA 106 135 -21% EBITDA margin % 11% 12% 1pp Net Profit (Loss) * (104) 4 -2461% Net Profit (Loss) margin % -11% 0.4% -11
Slide 12: Impact of IAS 29 Inflation Accounting on 1Q26 Net Profit
Impact of IAS 29 Inflation Accounting on 1Q26 Net Profit Million ₺ Inflation Accounting Effects on Net Profit 39% 37% 22% 2% (105) 164 (99) (104) (60) (5) Inventory Effect on COGS Monetary Gain / (Loss) &… Net Loss w IAS 29 Net Profit w/o IAS 29 Deferred Tax… Indexing and Others 12
Slide 13: Cash Generation Capability – After IAS29
Cash Generation Capability – After IAS29 Million ₺ Generated Cash From Operations Artış Cash In Düşüş Cash Toplam Total Out 948 Summary of Cash Flow (Million ₺) cash expense 2025 End Cash 675 COGS + G&A Generated Cash from 41 Operations in 1Q26 Financial Net Income 33 Revenues 255 Increase in Decrea
Slide 14: CAPEX, Debt and NWC Financial Metrics – After IAS29
CAPEX, Debt and NWC Financial Metrics – After IAS29 CAPEX Million ₺ Net Working Capital CAPEX / LTM Revenues % Million ₺ 350 7% 8% 7% 300 6% 250 5% 200 2% 4% 150 304 100 2% 3% 2% 50 101 70 1% 0 0% 1Q25 2025 1Q26 Net Debt Million ₺ Net Debt / LTM EBITDA % 2,611 2,618 2,585 350 41% * IPO fund residual
Slide 15: Appendix
Atak Appendix
Slide 16: Income Statement for Jan – Mar 2026
Income Statement for 1 Jan – 31 Mar 2026 After IAS29 Before IAS29 Million ₺ 1Q26 1Q25 YoY % 1Q26 1Q25 YoY % Revenue 948 1,118 -15% 912 821 11% Cost of sales (-) (861) (1,009) -15% (719) (638) 13% Gross Profit 87 109 -20% 192 183 5% General and administrative expenses (-) (62) (55) 13% (57) (38) 48%
Slide 17: Balance Sheet as of Mar 2026
Balance Sheet as of 31 Mar 2026 After IAS29 Before IAS29 Million Million ₺ ₺ 1Q26 2025 YoD % 1Q26 2025 YoD % ASSETS Current Assets Cash and cash equivalents 22 33 -34% 22 30 -27% Financial Investments 582 642 -9% 582 584 0% Trade receivables 507 425 19% 507 387 31% Other receivables - - 0% - - 0% In
Slide 18: Balance Sheet as of Mar 2026 (Liabilities and Equity)
Balance Sheet as of 31 Mar 2026 After IAS29 Before IAS29 Million ₺ 1Q26 2025 YoD % 1Q26 2025 YoD % LIABILITIES Short-Term Liabilities Short-term borrowings - - 0% - - 0% Short-term portion of long-term financial borrowings 85 99 -14% 85 90 -6% Payables from short-term rental transactions 6 7 -17% 6
Slide 19: Investor Relations Contact
yatirimciiliskileri@atakey.com.tr www.atakey.com.tr