Bim Birlesik Magazalar A.s. · BIST:BIMAS

Bim Birlesik Magazalar A.s — Q2 2018 Earnings Presentation

16 slides from Bim Birlesik Magazalar A.s's earnings presentation, Jun 30, 2018

  1. Slide 1: Results Presentation

    RESULTS PRESENTATION For the 3 months to 30 June 2018

  2. Slide 2: Notice

    NOTICE The information contained in this document has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. Neither t

  3. Slide 3: Headlines for Q2 2018

    HEADLINES FOR Q2 2018 7,8 TL billion 442 TL million 248 TL million CAPEX EBITDA (36% YoY) Sales (+26% YoY) %5,7 EBITDA Margin at 3,2% of sales Strong EBITDA and Continued Net sales picking up profit margins Expansion Stores: FILE 293 TL million 6.465 in Turkey (BIM) EBITDA POSITIVE (35% YoY) Net Inc

  4. Slide 4: Net Sales and Gross Profit

    NET SALES AND GROSS PROFIT Net Sales, Quarterly (TL million) Net Sales, Semi-Annually (TL million) 2Q18 7.799 1Q18 6.970 1H18 14.769 4Q17 6.597 3Q17 6.263 1H17 11.920 2Q17 6.213 Gross Profit, Quarterly (TL million) Gross Profit, Semi-Annually (TL million) 2Q18 1.376 1Q18 1.218 H218 2.594 4Q17 1.100

  5. Slide 5: EBITDA and EBIT

    EBITDA AND EBIT EBITDA and EBIT Quarterly (TL million) EBITDA and EBIT Semi-Annually (TL million) 2Q18 442 358 806 364 1H18 1Q18 287 645 4Q17 324 258 3Q17 343 628 276 1H17 505 2Q17 325 261 EBITDA EBIT EBITDA EBIT EBITDA Margin EBITDA Margin 2Q17 3Q17 4Q17 1Q18 2Q18 1H17 1H18 5,2% 5,5% 4,9% 5,2% 5,7%

  6. Slide 6: Net Income

    NET INCOME Net Income, Quarterly (TL million) Net Income, Semi-Annually (TL million) 2Q18 293 1H18 528 1Q18 235 4Q17 222 3Q17 227 1H17 414 2Q17 217 Net Income Margin Net Income Margin 2Q17 3Q17 4Q17 1Q18 2Q18 1H17 1H18 3,5% 3,6% 3,4% 3,4% 3,8% 3,5% 3,6% Net Income Net Income Growth Growth (6M17/6M18

  7. Slide 7: Like for Like Sales Increase

    LIKE FOR LIKE SALES INCREASE BIM TURKEY Quarterly Semi-Annually 2Q 2017 2Q 2018 CHANGE 1H 2017 2H 2018 CHANGE Like-For-Like Like-For-Like Sales (per 11.521 13.298 15,4% Sales (per store/per 11.184 12.768 14,2% store/per day -TL) day -TL) Like-For-Like Like-For-Like 16,48 18,87 14,5% 16,18 18,28 13,0

  8. Slide 8: Capex

    CAPEX Quarterly Capex Semi-Annually Capex 3,0% 2,5% 3,2% 2,8% 2,8% 441 2,4% 2,4% 248 298 193 176 150 160 2Q17 3Q17 4Q17 1Q18 2Q18 1H17 1H18 CAPEX- ml TL % of Net Sales CAPEX- ml TL % of Net Sales 8

  9. Slide 9: Strong Store Growth Continues

    STRONG STORE GROWTH CONTINUES Number of Stores Store Growth Q218 6.516 695 7.211 * (2Q17/2Q18) 10% Q118 6.305 676 6.981 * New Openings in Q2/18 Q417 6.765 * 6.118 647 230 stores Q317 6.039 636 6.675 * New Openings in H1/18 446 stores Q217 5.947 613 6.560* New Openings Turkey (Inc. FILE) Foreign annu

  10. Slide 10: Foreign Operations & FİLE Highlights

    FOREIGN OPERATIONS & FİLE HIGHLIGHTS MOROCCO EGYPT • 19 new stores opened in Q2 • No new store openings in Q2 • In total we have 418 stores in Morocco • In total we have 277 stores as of Q2 18 as of Q2 18 • EBITDA POSITIVE in H1/18 FİLE • 3 new stores opened this quarter • By the end of Q2 we have r

  11. Slide 11: Foreign Operations - Contributions

    FOREIGN OPERATIONS - CONTRIBUTIONS Contribution to Consolidated Sales Contribution to Consolidated EBITDA H1 2017 - H1 2018, TL million H1 2017 - H1 2018, TL million 689 -7 486 -11 14.769 813 806 14.080 11.434 11.920 639 628 H1 17 H1 18 H1 17 H1 18 H1 17 H1 18 H1 17 H1 18 H1 17 H1 18 H1 17 H1 18 Dom

  12. Slide 12: Birleşik Mağazalar A.Ş.

    BIRLESIK MAGAZALARAS.

  13. Slide 13: Appendix: IFRS Financials

    APPENDIX IFRS Financials 13

  14. Slide 14: IFRS Income Statement

    IFRS INCOME STATEMENT 3 months ended 30 June 6 months ended 30 June TL million 2017 2018 Change 2017 2018 Change Net Sales 6.213,1 7.798,9 25,5% 11.919,7 14.768,8 23,9% (COGS) (5.159,3) (6.422,5) 24,5% (9.880,4) (12.174,5) 23,2% Gross Profit 1.053,8 1.376,4 30,6% 2.039,3 2.594,3 27,2% Total SG&A (72

  15. Slide 15: IFRS Balance Sheet

    IFRS BALANCE SHEET As at 30 June TL million 2017 2018 Intangible assets 8,9 15,5 Tangible assets 2.257,1 3.344,7 Financial Investments (long term) 193,4 309,7 Other non-current assets 44,9 46,8 Total fixed assets 2.504,3 3.716,7 Trades receivable 727,4 916,8 Inventories 1.451,8 1.768,0 Prepayment an

  16. Slide 16: IFRS Cash Flow

    IFRS CASH FLOW 3 months ended 30 June 6 months ended 30 June TL million 2017 2018 2017 2018 Net Income 216,5 293,2 414,3 527,5 D&A 63,6 83,7 123,5 161,2 Non cash tax expense 58,6 91,3 113,4 163,5 Other non-cash items (5,9) 8,4 40,6 10,3 Funds from operations 332,8 476,6 691,8 862,5 Change in net wor

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