Slide 1: Pınar Süt Financial Presentation 2022
PINAR SÜT FINANCIAL PRESENTATION 2022
Slide 2: Contents
CONTENTS PINAR SÜT AT A GLANCE MARKET DYNAMICS MARKET POSITION FINANCIALS RESULTS SHAREHOLDING STRUCTURE & STOCK PERFORMANCE 2
Slide 3: Pınar Süt at a Glance
PINAR SÜT AT A GLANCE 42,7 Income Statement Ratios Balance Sheet Ratios ‘’The Most Admired Companies in the Business World’’ award, conducted by Zenna Research and Consultancy under the leadership of Capital Magazine 3
Slide 4: Market Dynamics - Production and Cost
MARKET DYNAMICS - PRODUCTION AND COST • The annual inflation rate for the food and non-alcoholic beverage group decreased and ended the year 2022 at 77.9%. This decline was influenced by an increase in grain supply, reduced exchange rate volatility, and a decrease in freight prices. It is assumed th
Slide 5: Market Dynamics - Production and Cost
MARKET DYNAMICS - PRODUCTION AND COST Total Milk and Total Cheese Turnover and Volume 2022 2021 Production of Dairy Products in Turkey TURKSTAT, thousd tons 1,613 • According to the latest TURKSTAT (Turkish Statistical Institute) data, 1,523 1,480 in 2022, a total of 793,384 tons of cow's milk were
Slide 6: Market Dynamics - Consumption and Market
MARKET DYNAMICS - CONSUMPTION AND MARKET Share of Packaged Products Packaged Products Penetration IPSOS 57.8% 60.0% 96.6% 97.2% 84.3% 80.9% 43.4% 40.1% Süt Peynir Süt (UHT) Peynir 2021 2022 Dairy Products Market Turnover Breakdown Nielsen, Excl. DM, 2022 • In 2022, the dairy products market (milk, c
Slide 7: Market Position
MARKET POSITION Market Shares of Pınar Süt Nielsen, Excl. DM, Pınar Süt and Competitors Nielsen, Excl. DM, 2022 2022 Product Share Position Total UHT Milk 23.7% 1# UHT Light Milk 30.5% 1# Enriched Milk (Kids) 61.9% 1# Protein Milk 59.3% 1# Total Milk 11.6% 3# Spreadable Cheese 30.9% 1# Fresh Cheese
Slide 8: Market Position - Exports and Awards
MARKET POSITION Export to EXPORT 35 • In global trade, Iraq, the United Arab Emirates, Kuwait, Azerbaijan, and the Countries Turkish Republic of Northern Cyprus rank at the top, while the United States, %17,5 China, and Qatar are among the important export markets. Share in Milk and Dairy Product Ex
Slide 9: Financial Results in 2022 - Net Sales Breakdown
FINANCIAL RESULTS IN 2022 – NET SALES BREAKDOWN Based on Products Groups Based on Sales Channel Dairy Sütlü Products ürünler 42% *Other *Diğer 58% *Fruit *MeyveJuice, Suyu, Sauce, other Soslar, diğer 9
Slide 10: 2022 Financial Results - Income Statement
2022 FINANCIAL RESULTS – INCOME STATEMENT 01.01.2022 01.01.2021 (Million TL) 31.12.2022 31.12.2021 Difference Change Net Sales 5,830.9 2,681.9 3,148.9 117.4% Cost Of Goods Sold (5,084.4) (2,333.8) (2,750.6) 117.9% Gross Profit 746.4 348.1 398.3 114.4% R&D Expenses (32.0) (17.9) (14.2) 79.5% Sales, D
Slide 11: Sales and Profitability by the Annually
FINANCIAL RESULTS IN 2022 SALES AND PROFITABILITY BY THE ANNUALLY Net Sales Gross Profit milyon TL 700 .0 15.6% 16.0% 600 .0 12.2% 12.9% 13.0% 12.8% 14.0% 500 .0 12.0% 10.0% 746.4 400 .0 8.0% 5,831 300 .0 6.0% 200 .0 2,682 231.6 348.1 4.0% 1,488 1,665 2,028 100 .0 203.1 262.1 2.0% 0.0 0.0% 2018 2019
Slide 12: Sales and Profitability by the Quarterly
FINANCIAL RESULTS IN 2022 SALES AND PROFITABILITY BY THE QUARTERLY Net Sales Brüt Kâr Gross Profit milyon TL 2,682 16.0% 12.9% 13.0% 12.8% 2,028 11.1% 1,678 1,704 10.4% 1,665 806 2020 2021 2022 3Ç22 4Ç22 4Ç21 2020 2021 2022 3Ç22 4Ç22 4Ç21 FAVÖK EBITDA Net Profit 10.1% 11.0% 10.0% 6.9% 6.5% 6.1% 5.3%
Slide 13: Financial Results in 2022 - Financial Ratios
FINANCIAL RESULTS IN 2022 FINANCIAL RATIOS 2018/12 2019/12 2020/12 2021/12 2022/12 Current Ratio 1.07 1.23 1.10 1.12 1.11 Leverage Ratio 0.44 0.42 0.45 0.42 0.43 Current Borrowings/Total Borrowings 0.81 0.44 0.74 0.86 0.98 Net Fin. Borrowings/EBITDA 1.14 1.62 2.85 2.91 3.40 Net Fin. Borç/Özkaynak 0.
Slide 14: Disclaimer and Contact Information
DISCLAIMER AND CONTACT INFORMATON This presentation does not constitute an offer or invitation to purchase or subscription for any securities and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. This presentation contains forward looki