Oyak Cimento Fabrikalari A.s. · BIST:OYAKC
Oyak Cimento Fabrikalari A.s — OYAK Cement Plants — 9M 2021 Earnings Presentation
17 slides from Oyak Cimento Fabrikalari A.s's earnings presentation, September 2021
Slide 1: OYAK Cement Plants (OYAKC) September 2021 Financial Results
OYAK Cement Plants (OYAKC) September 2021 Financial Results Ünye Plant
Slide 2: Key Messages & Financial Highlights
Key Messages & Financial Highlights Sep.21 YTD vs Sep.20 YTD Net Sales EBITDA Net Income 3.151 m TL +61% 714 m TL +138% 443 m TL +178% Gross Profit EBITDA Margin Net Income Margin 788 m TL +147% 23% +800 bps 14% +600 bps September YTD Performance in 2021: > Revenues increased by 61% > EBITDA increas
Slide 3: Financial Results
Financial Results Profit margin continues its upward trend Sales Revenue (m TL) EBITDA* (m TL) & Margin (%) +61% +34% 3,151 2,932 23% 19% 2,185 14% 1,962 15% +138% +75% 714 550 315 300 FY19 FY20 Sep.20 Sep.21 FY19 FY20 Sep.20 Sep.21 YTD YTD YTD YTD 3 * EBITDA : Operating profit / (loss) + Amortizati
Slide 4: Financial Results: Continuous increase every quarter
Financial Results Continuous increase every quarter +90% +34% Sales Revenue (m TL) +57% 1,138 1,165 +71% 970 848 868 616 599 495 4Q19 4Q20 1Q20 1Q21 2Q20 2Q21 3Q20 3Q21 1,000 21% 26% 22% 23% 22% 23% 10% 11% EBITDA* (m TL) 800 & Margin (%) 600 +89% +292% +43% 400 +297% 250 259 267 188 187 200 132 47
Slide 5: Income Statement
Income Statement EBITDA margin growth continues m TL Sep.20 Sep.21 ∆% FY19 FY20 ∆% Sales revenue 1.962 3.151 61% 2.185 2.932 34% Cost of sales (1.643) (2.363) 44% (1.853) (2.354) 27% Operating expenses (157) (198) 26% (213) (239) 12% Other operating income / (expenses) 29 (1) -103% 43 46 7% Operatin
Slide 6: September 2021 Peer Financial Comparison
September 2021 Peer Financial Comparison Outstanding performance in the sector +61% +88% +44% +36% Sales Revenue OYAKC Competitor 1 Competitor 2 Competitor 3 +138% +41% +16% +54% EBITDA OYAKC Competitor 1 Competitor 2 Competitor 3 -7 -15% +8 +1 EBITDA Margin (%) Sep.20 Sep.21 OYAKC Competitor 1 Comp
Slide 7: Balance Sheet
Balance Sheet OYAK Cement Plants (OYAKC) m TL FY19 FY20 Sep.21 m TL FY19 FY20 Sep.21 Current assets 1.492 1.909 2.345 Current liabilities 821 1.554 1.608 Cash and cash equivalents 369 449 519 Short term borrowings 369 810 720 Financial investments 52 86 96 Trade payables 338 607 696 Trade receivable
Slide 8: Net Working Capital
Net Working Capital NWC (Net Working Capital) % 2.500 31% 35 30 23% 23% 24% 2.000 25 993 20 1.500 15 672 693 10 678 1.032 1.000 5 926 0 662 833 m TL 500 -5 657 -10 353 352 318 0 -15 -338 -458 -607 -20 -696 -500 -25 -30 -1.000 -35 Trade receivables FY19 FY20 Sep.20 Sep.21 Inventories Trade payables N
Slide 9: Net Debt (m TL)
Net Debt (m TL) Net debt leverage improved Net Debt Net Debt / EBITDA (LTM) 295 358 132 121 1,14 369 810 0,54 720 454 0,30 410 0,12 19 65 16 FY19 FY20 Sep.20 Sep.21 -369 -333 -449 -519 -52 -54 -86 -96 FY19 FY20 Sep.20 Sep.21 Short term liabilities Long term liabilities Cash and cash equivalents Fina
Slide 10: Net Debt Bridge (m TL)
Net Debt Bridge (m TL) Net financial debt decreased by 174 m TL 368 -174 (-59%) 146 4 295 166 288 121 -59 194 39 239 -550 -714 Net Debt EBITDA Change in CAPEX Cash flow Other Net Debt EBITDA Change in CAPEX Cash flow Other Net Debt FY19 working from financial FY20 working from financial Sep.21 capit
Slide 11: CAPEX Development (m TL)
CAPEX Development (m TL) 288 247 189 194 1H20 FY20 Sep.20 Sep.21 11
Slide 12: Appendix
Appendix
Slide 13: Cash Flow
Cash Flow OYAK Cement Plants (OYAKC) m TL FY19 FY20 Sep.20 Sep.21 Cash flow from operating activities 258 512 292 418 Profit from continuing operations 114 359 160 443 Taxation on continuing operations (54) (43) 38 147 Changes in working capital (17) (39) (56) (239) Other 215 235 151 67 Cash flow fr
Slide 14: OYAK White Cement
OYAK White Cement Market positioning 11 Languages 14 www.oyakwhitecement.com
Slide 15: OYAK White Cement: i-deal application
OYAK White Cement i-deal application Mobile Application for Dealers and Customers (I-DEAL) > Access to all product analysis reports with QR code > Access to facility information and sales team information > Product sheets/ catalog/ video > Access to sectoral information 15
Slide 16: OYAK Cement Plants
OYAK Cement Plants 16 Cementum Duracem Starcem Duracem Plus Sulphate Resisting Super White Extra White Portland Cement Cement Cement
Slide 17: Disclaimer
Disclaimer Forward-looking Statements Bu sunum OYAK Çimento Fabrikaları A.Ş. tarafından sadece bilgi sağlamak amacıyla hazırlanmıştır. OYAK Çimento Fabrikaları A.Ş. yönetimi tarafından sağlanan kamuya açık bilgiler ve verilere dayanmaktadır ve temel olarak, mevcut ve gelecekteki iş stratejilerimiz v