Slide 1: Investor Presentation 2023-9M Financial Results
Konfrut Investor Presentation 2023-9M Financial Results KONFRUT INVESTOR PRESENTATION 2023-9M
Slide 2: Contents
Contents • Highlights • Konfrut AG at a Glance • Market Dynamics • Konfrut AG Business Units • Operations • Consolidated Financial Results • Stock Performance KONFRUT INVESTOR PRESENTATION 2023-9M 2
Slide 3: Highlights
Highlights Consolidated Financial Summary Sales • In 2023-9M, consolidated sales grew by 34% YoY, while volume grew for 2023-9M limited. • Fresh fruit and vegetable exports, which started for the first time at the ₺ 2 billion 34% 276 thousand tons 2% end of last year and have high growth potential,
Slide 4: Konfrut AG at a Glance
Konfrut AG at a Glance Business Units In 2023-9M; Approximately Agri Sourcing and Services 282.570 tons 40K decares Leading the Agricultural Agri Sourcing Supply Contracted Agricultural Areas Transformation It is the only company in Turkey 197.390 tons 240+ Numbered Vehicle and Equipment Fleet* Logi
Slide 5: Market Dynamics
Market Dynamics • The World Food Price Index released by the Food and Global food prices continue to fall while food prices continue to rise Agriculture Organization of the United Nations (FAO) domestically. remained stable in September, driven by vegetable oils and cereals. Food Price Index, World
Slide 6: Market Dynamics: Production and Cost in Turkey
Market Dynamics 2021 2022 2023 Production and Cost in Turkey 160 August 2022 135.1% 140 120 Agricultural Input Price Index 100 Annual Change Rate (%), August 2023 80 August 2023 • The Agricultural Input Price Index (Agri-IPI) peaked in 41.3% 60 August 2021 September last year, causing raw material c
Slide 7: Market Dynamics: Production and Fresh Fruit & Vegetable Exports
Market Dynamics 2020 2021 2022 13.2 13.113.0 Production in Turkey and Fresh Fruits & Vegetables Exportation Million tons Production Data 4.5 With Selected Fruit and 4.3 4.8 3.9 Vegetable Groups 3.5 3.4 1.5 1.7 1.3 0.6 1.5 0.70.7 0.6 0.7 1.2 1.3 1.3 0.5 0.5 1.4 1.3 0.5 0.6 0.5 0.6 0.8 Strawberry Pome
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 2023-9M 8
Slide 9: Operations: Agri Sourcing Business Unit
Operations Agri Sourcing Business Unit in 2023-9M Agri Sourcing Supply Growth in Fresh Fruit and • In 2023-9M, Konfrut AG supplied 283K tons Vegetable Operations of agricultural raw materials. • Within the scope of Fresh Fruit Trade, a total of 5,500 • Within the scope of the Organic/ Residue tons o
Slide 10: Operations: Logistics Business Unit
Operations Distribution of Hauling Service Volume Basis (Thousand Tons) Logistics Business Unit in 2023-9M 1 21 Dry Cargo Storage and Logistics Operations Cold Chain • In 2023-9M, agricultural raw material and industrial product transportation under the Storage and Liquid Transportation Logistics bu
Slide 11: Operations: Industry Business Unit
Operations Industry Business Unit in 2023-9M Energy and Industrial Konfrut Gıda Products and Services Fruit and Vegetables Digital Agriculture Process • In 2023-9M, digital agriculture devices • Compared to the same period of last • Concentrate and puree are were used in organic strawberry, black ye
Slide 12: Consolidated Financial Results 2023-9M
Consolidated Financial Results 2023-9M KONFRUT INVESTOR PRESENTATION 2023-9M
Slide 13: Net Sales Improvement
Net Sales Improvement Sales Volume (Thousand Tons) +2% Turnover and Volume Based Growth 276 -10% • In the first nine months of the year, 269 o Net sales increased by 2% on volume basis, 194 o Achieved 34% growth in terms of turnover, YoY. 174 • In 2023-Q3, consolidated turnover increased by 47% to ₺
Slide 14: Profitability
Profitability Gross Profit and Gross Profit Margin (Million TL) In 2023-9M, Gross Profit Increased by 50% to ₺320 mn. +50% 30% 26% 322 299 322 320 24% • In the first nine months of the year, operational expenses 276 25% +98% 253 increased due to inflation, YoY. 230 16% 20% 15% 207 184 213 • The rati
Slide 15: Profitability: Net Profit
Profitability Net Profit and Net Profit Margin (Million TL) In 2023-9M, ₺ 113 mn Net Profit. 140 +10% 129 15% Return on Equity 105 103 113 10% 8% +193% 1 0% 7% 70 43% 6% 6% 6% 4% 35% 51 51 5% 37 2% 35 34 42 14 0 0% 2021 2022 9M2022 9M2023 1Q2023 2Q2023 3Q2023 3Q2022 31.12.2022 30.09.2023 Net Profit
Slide 16: Investments and Liabilities
Investments and Liabilities Investment Expenditures Distribution (Milyon TL) Konfrut AG's Investments Continued due to Its High 0.9 mn TL 0.8 mn TL Growth and Profitability Potential. • Having invested ₺33.2 million on a consolidated basis in the first Land and Buildings nine months of the year, Kon
Slide 17: Income Statement - Summary
Income Statement - Summary (Million TL) 9M2022 9M2023 Change Change (%) 3Q2022 3Q2023 Change Change (%) Net Sales 1,483.1 1,993.8 510.7 34.4% 810.3 1,191.8 381.5 47.1% Cost of Sales (1,269.9) (1,674.0) (404.1) 31.8% (749.0) (1,070.6) (321.7) 42.9% Gross Profit 213.3 319.8 106.6 50.0% 61.3 121.2 59.8
Slide 18: Balance Sheet - Summary
Balance Sheet - Summary (Million TL) 30.09.22 30.09.23 31.12.22 31.12.21 Current Liabilities 1,210.7 1,428.9 1,233.5 589.5 Cash and Cash Equivalents 21.3 32.5 3.5 3.5 Trade Receivables 408.6 278.2 326.7 167.0 Inventories 448.6 639.5 568.6 276.7 Non-Current Assets 172.9 220.5 199.7 97.3 Total Assets
Slide 19: Financial Ratios
Financial Ratios 9M2022 9M2023 2022 2021 Gross Profit Margin 14% 16% 15% 12% EBITDA Margin 11% 12% 12% 8% Net Profit Margin 7% 6% 6% 6% Current Ratio 1.15 1.32 1.23 1.26 Acid Test Ratio 0.72 0.73 0.66 0.67 Short-Term Financial Borrowings/Total Financial Borrowings 0.97 0.78 0.85 0.95 Net Financial B
Slide 20: Stock Performance
Stock Performance Konfrut Stock Price Developments Public Offering Date 10.06.1996 10000 26 Issued Capital TL 132,000,000 9000 Ticker Symbol KNFRT 22 8000 Free Float Rate 22.38% 7000 13.10 Stock Price TL (Sept, 2022 - Sept, 2023) 13.10 - 20.58 18 6000 20.58 Market Value TL 2,716,560,000 5000 14 Mark
Slide 21: Legal Disclaimer
Legal Disclaimer Information about Konfrut Gıda Sanayi ve Ticaret A.Ş. (Konfrut Gıda) and its 100% subsidiary Konfrut AG Tarım A.Ş. (Konfrut AG), the financial statements’ analysis and current views on possible future events are included in this presentation. Although, it is considered that the info
Slide 22: Investor Relations Department
INVESTOR RELATIONS DEPARTMENT Sinan Yiğit Yakut – Investor Relations Manager Cemre Ekici Bayram – Investor Relations Team Leader Phone: +90 216 545 68 68 E-mail: yatirimci@konfrutag.com.tr Investor Relations Web Sites KONFRUT INVESTOR PRESENTATION 2023-9M