Teknosa Ic Ve Dis Ticaret As · BIST:TKNSA
Teknosa Ic Ve Dis Ticaret As — Teknosa İç ve Dış Ticaret A.Ş. — Q1 2019 Earnings Presentation
17 slides from Teknosa Ic Ve Dis Ticaret As's earnings presentation, Apr 30, 2019
Slide 1: Teknosa 1Q19 Results Investor Presentation
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Investor Teknosa İç ve Dış Ticaret A.Ş. Presentation 1Q19 Results «Turkey’s Leading Electronics Retailer» Ümit Kocagil, CFO H.Şenay Akıncı Özertan, Finance and Investor Relations Manager April 30 , 2019 Genel
Slide 2: Agenda
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Agenda Results at a Glance Financial Overview Year-end Guidance 2 Genel
Slide 3: Main messages
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Recessionary economic ➢ Gross profit margin declined to 16,9% in Main conditions and negative 1Q19. messages consumer sentiment ➢ FX and potential inflationary pressure over adversely affected margins margins continued in1Q19. and bottomline ➢ High
Slide 4: Weak Consumer Confidence Index in Q1
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Weak Consumer ➢ Consumer confidence index climbed to 59,4 in March, but it still remains weak because of high inflation and general economonic Confidence Index conditions. The improvement in the general consumer confidence is in Q1 positive but its
Slide 5: 1Q19 Results
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION 1Q19 ➢ 2 K sqm YoY change in Net Sales Area sales area, as a result Results (‘000 m2) 109 107 of operational efficiency review 1Q18 1Q19 ➢ Net sales increased by 4,2% YoY in Net Sales Total 807 841 1Q19. (TL mn) Revenues (M TL) 1Q18 1Q19 ➢ EBITDA r
Slide 6: Electronics Retail Market and Teknosa
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Electronics ➢ The panelmarket showed 1,2% reduction YoY, reaching TL 8,6bn in 2M19 Retail Market ➢ YoY growth in MDA(AC included) by 24,6% and SDA by 11,8%, YoY contraction in CE+Photo+MTG by 9,2%, Telecom by %9,3 and IT by 18,8% and Teknosa ➢ TSS
Slide 7: Changes in the sector
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Changes in ➢ The Banking Regulation and Supervision Agency (the “BRSA”) introduced amendments restricting the number of installments on the sector credit cards and on 11 January 2019 and 26 February 2019 • The number of monthly installments ➢ Compu
Slide 8: Income Statement Summary
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Income (TL mn ) 1Q18 4Q18 1Q19 YoY (%) FY17 FY18 YoY (%) Statement Net Sales 807 860 841 4% 3.391 3.477 3% Gross Profit 145 170 142 -2% 612 646 6% Summary Gross Profit Margin 18,0% 19,7% 16,9% -1,1pp 18,0% 18,6% 0,5pp EBITDAR 75 89 60 -20% 330 348
Slide 9: New Teknosa.com Experience in 1Q19
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION New Teknosa.com teknosa.com Revenues (TLmn) Experience in 1Q19 +9% +25% 204 187 43 54 1Q18 1Q19 FY17 FY18 ➢ Teknosa.com revenues increased by 25% in 1Q19. ➢ New and fast Teknosa.com platform positively affected teknosa.com revenues and increased cu
Slide 10: OPEX/Sales ratio
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION OPEX/Sales (%) OPEX/Sales ratio 15% 15% 15% 14% FY17 FY18 1Q18 1Q19 ➢ Operating expenses were restrained despite inflationary pressure in 1Q19. ➢ One of the priorities will be keeping operating expenses under control in the following quarters. 10 G
Slide 11: Working Capital and Cash Position
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Working Capital Requirement (TL mn) Working TL 20 mn TL -219 mn TL -282 mn Capital and Working capital requirement is 478 493 594 Cash Position 64 522 66 61 down by TL 63M 777 938 with the help of extended payment terms 1Q18 4Q18 1Q19 T.Receivables
Slide 12: Agenda
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Agenda Results at a Glance Financial Overview Year-end Guidance 12 Genel
Slide 13: Balance Sheet Summary
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Assets (in TL mn) Mar-18 Dec-18 Mar-19 Balance Current Assets Ca s h a nd Ca s h Equi va l ents 578 21 593 27 723 42 Tra de Recei va bl es 64 66 61 Sheet Inventori es Other Current As s ets 478 15 493 7 594 26 Summary Non-current Assets Inves tment
Slide 14: Agenda
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Agenda Results at a Glance Financial Overview Year-end Guidance 14 Genel
Slide 15: 2019 Full Year Financial Guidance
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION 2019 Full Year ➢ Due to uncertainties in global and domestic markets, we prefer to share Financial our 2019 guidance on a wide range Guidance ➢ Accordingly, we expect to see a high single digit or low double digit LfL growth for 2019 ➢ We expect ou
Slide 16: 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 16 Genel
Slide 17: 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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