Pinar Sut Mamulleri Sanayii A.s. · BIST:PNSUT
Pinar Sut Mamulleri Sanayii A.s — Pınar Süt — 9M 2022 Earnings Presentation
15 slides from Pinar Sut Mamulleri Sanayii A.s's earnings presentation, September 2022
Slide 1: Pınar Süt Financial Presentation
PINAR SÜT Financial Presentation 2022-09
Slide 2: Contents
CONTENTS PINAR SÜT AT A GLANCE MARKET DYNAMICS MARKET POSITION FINANCIAL RESULTS SHAREHOLDİNG STRUCTURE & STOCK PERFORMANCE 2
Slide 3: Pınar Süt at a Glance
PINAR SÜT AT A GLANCE 32 to Export 4.13 37.6 Billion milyon Million USD USD 32 Countries Turnover İhracat Export Cirosu 42,7 TRY 209.8 % 632 Net Profit Net Profit Growth 1.265 Average Number of Employees Income Statement Ratios Balance ‘’The Most Admired Companies in the Business World’’ Sheet award
Slide 4: Market Dynamics - Production and Cost
MARKET DYNAMICS - PRODUCTION AND COST • "In the annual inflation of the food and non-alcoholic beverages group, the increasing trend observed since the second half of 2021 has given way to a more stable outlook, with the annual inflation rate decreasing by 0.88 points to 93.05%. • While the annual i
Slide 5: Market Dynamics - Production and Cost
MARKET DYNAMICS - PRODUCTION AND COST Total Milk and Total Cheese Turnover and Volume 2022-9M 2021-9M Production of Dairy Products in Turkey TURKSTAT, thousand tons 2020 • According to the latest data from TÜİK (Turkish Statistical Institute), in 1.613 1.613 2021 the first 8 months of 2022, commerci
Slide 6: Market Dynamics - Production and Cost
MARKET DYNAMICS - PRODUCTION AND COST Share of Packaged Products Packaged Products Penetration IPSOS 59,7% 57,8% 99,5% 100,0% 99,4% 100,0% 46,4% 48,9% Süt Peynir Süt (UHT) Peynir 2020 2021 Dairy Products Market Turnover Breakdown Nielsen, Excl. DM, Ayran 2022-9M Butter 4% Tereyağı Milk Süt • Accordi
Slide 7: Market Position
MARKET POSITION Market Shares of Pınar Süt Nielsen, Excl. DM, Pınar Süt and Competitors Nielsen, Excl. DM, 2022-9M 2022-9M Product Share Position Total UHT Milk 20,3% 1# UHT Light Milk 32,4% 1# Enriched Milk (Kids) 63,5% 1# Protein Milk 59,2% 1# Total Cheese 11,7% 3# Spreadable Cheese 30,6% 1# Fresh
Slide 8: Market Position
MARKET POSITION Export to EXPORT 32 • In global trade, Iraq, the United Arab Emirates, Kuwait, Azerbaijan, and the %17 Countries Turkish Republic of Northern Cyprus are at the forefront, while the United States, China, and Qatar are also among the important export markets. Share in Milk and Dairy Pr
Slide 9: Financial Results in 2022-9M – Net Sales Breakdown
FINANCIAL RESULTS IN 2022-9M – NET SALES BREAKDOWN Based on Products Groups Based on Sales Channel *Diğer İhracat 11% 17% Direkt 1% Sütlü ürünler 89% Yaşar Birleşik Pazarlama *Meyve Suyu, 82% Soslar, diğer 9
Slide 10: Financial Results in 2022-9M – Income Statement
FINANCIAL RESULTS IN 2022-9M – INCOME STATEMENT 01.01.2022 01.01.2021 (Million TL) 30.09.2022 30.09.2021 Difference Change Net Sales 4,126.6 1,876.1 2,250.6 120.0% Cost of Goods Sold (3,570.1) (1,656.7) (1,913.4) 115.5% Gross Profit 556.6 219.4 337.2 153.7% R&D Expenses (23.1) (12.8) (10.3) 80.0% Sa
Slide 11: Sales and Profitability by the Annually
FINANCIAL RESULTS IN 2022-9M SALES AND PROFITABILITY BY THE ANNUALLY Net Sales Gross Profit million TL EBITDA Net Profit 11 EBITDA is calculated by adding depreciation and provisions for severance pay (in operating expenses) to operating income, excluding other income /expenses.
Slide 12: Sales and Profitability by the Quarterly
FINANCIAL RESULTS IN 2022-9M SALES AND PROFITABILITY BY THE QUARTERLY Net Sales Gross Profit million TL EBITDA Net Profit 12 EBITDA is calculated by adding depreciation and provisions for severance pay (in operating expenses) to operating income, excluding other income /expenses.
Slide 13: Financial Ratios, Investments and Credit Rating
FINANCIAL RESULTS IN 2022-9M FINANCIAL RATIOS 2018/12 2019/12 2020/12 2021/12 2022/09 Current Ratio 1.07 1.23 1.10 1.12 1.12 Leverage Ratio 0.44 0.42 0.45 0.42 0.55 Current Borrowings/Total Borrowings: 0.81 0.44 0.74 0.86 0.96 Net Fin. Borrowings/EBITDA 1.14 1.62 2.85 2.91 3.58 Net Fin. Borrowings/E
Slide 14: Shareholding Structure & Stock Performance
SHAREHOLDING STRUCTURE & STOCK PERFORMANCE PERFORMANCE OF PINAR SÜT STOCK, BIST-ALL INDEX AND BIST-FOOD, BEVERAGE INDEX 4.500 50,00 4.000 44,00 38,00 3.500 32,00 44,20 3.000 26,00 16,66 2.500 20,00 2.000 14,00 XUTUM XGIDA PNSUT • Shares of Pınar Süt are traded on the Borsa Istanbul • Main Market wit
Slide 15: Disclaimer and Contact Information
DISCLAIMER AND CONTACT INFORMATON This presentation does not constitute an offer or invitation to purchase or subscription for any securities and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. This presentation contains forward looki