Tat Gida Sanayi A.s. · BIST:TATGD
Tat Gida Sanayi A.s — Tat Gıda Sanayi A.Ş. — Q1 2019 Earnings Presentation
11 slides from Tat Gida Sanayi A.s's earnings presentation, April 2019
Slide 1: TAT GIDA Investor Presentation - 2019 Q1 Financials
TAT GIDA Investor Presentation - April 2019 2019 Q1 Financials
Slide 2: Net Sales (TL Mn)
Net Sales (TL Mn) Growth trend maintained. 1.155 1.074 981 911 817 +6% 264 279 2014* 2015 2016 2017 2018 2018-1Q 2019-1Q *Harranova tomato and Maret business figures excluded due to the discontinued operations.
Slide 3: Net Sales Breakdown by Product Group (TL Mn)
Net Sales Breakdown by Product Group (TL Mn) 24% growth over last year, excluding the private label business. Sek private label products included in 2018 Sek private label products excluded in 2018 +6% +24% 264 279 279 +16% 16,6 16,6 14,4 225 +16% 14,4 138,4 138,4 153,8 -10% +21% 114,4 123,6 123,6 9
Slide 4: Net Sales Breakdown by Region (%)
Net Sales Breakdown by Region (%) Exports grew both in USD and in TL terms. Export (Mn TL) Export (%) +61% 29,3 6,9 10,5 18,2 2018-Q1 2019-Q1 Export Domestic Export Domestic 2018-Q1 2019-Q1
Slide 5: Profit (TL Mn)
Profit (TL Mn) High growth in high margin canned foods and exiting Private Label business had a positive impact on profitability. Gross Profit Operating Profit 23,5% 22,6% 22,2% 22,6% 21,1% 21,7% 20,4% 9,0% 7,7% 7,2% 6,2% 6,6% 230 239 236 5,2% 4,7% 205 172 70 70 71 60 +1,5% 51 +103% 60 61 25 12 2014
Slide 6: EBITDA & Income Before Tax (TL Mn)
EBITDA & Income Before Tax (TL Mn) Depreciation and amortization expenses increased to 4,4 mn TL from 3 mn TL. Higher financial expenses lowered IBT performance. EBITDA Income Before Tax 7,5% 7,6% 8,0% 6,2% 5,9% 7,0% 7,1% 6,0% 5,8% 4,4% 4,4% 74 4,3% 4,1% 3,6% 68 69 63 64 65 51 51 +91% 41 35 +51% 22
Slide 7: Net Income (TL Mn)
Net Income (TL Mn) 14 mn TL net income generated. 7,4% 6,6% 5,7% 4,9% 4,0% 3,9% 67 65 3,3% 61 39 33 +33% 14 10 2014* 2015 2016 2017 2018 2018-1Q 2019-1Q Net Income NI Margin *Maret asset sales income excluded.
Slide 8: Net Financial Debt / EBITDA (TL Mn)
Net Financial Debt / EBITDA (TL Mn) Net Financial Financial Net Financial EBITDA Cash Debt/EBIDTA (rolling) Debt Debt 2014* 51 1,8 189 95 94 2015 68 1,0 89 18 71 2016 74 0,4 74 43 31 2017 63 1,5 110 13 97 2018-1Q 62 2,0 133 9 125 2018-1H 64 1,6 112 10 102 2018-3Q 67 2,1 182 40 142 2018 51 2,5 156 28
Slide 9: Summary Income Statement
Summary Income Statement TL Mn 2014 2015 2016 2017 2018 2018-1Q 2019-1Q Net Sales 817 911 981 1074 1155 264 279 Gross Profit 172 205 230 239 236 60 61 Operating Profit 51 70 70 71 60 12 25 EBITDA 51 68 74 63 51 12 22 Income Before Tax 35 64 69 65 41 11 16 Net Income 150 67 65 61 39 10 14 Gross Profi
Slide 10: Summary Balance Sheet
Summary Balance Sheet TL Mn 2014 2015 2016 2017 2018 2018-1Q 2019-1Q Current Assets 501 491 500 563 641 577 641 Non-current Assets 163 163 191 223 223 222 239 Total Assets 664 655 691 786 864 799 880 Current Liabilities 253 206 153 271 247 254 244 Non-current Liabilities 61 31 77 22 117 72 121 Share
Slide 11: Thank you
Thank you