Ulker Biskuvi Sanayi A.s. · BIST:ULKER

Ulker Biskuvi Sanayi A.s — Q3 2014 Earnings Presentation

9 slides from Ulker Biskuvi Sanayi A.s's earnings presentation, Nov 7, 2014

  1. Slide 1: Turkey's Largest Food Company: Third Quarter & Nine Months 2014 Financial Results

    “Turkey’s Largest Food Company” Third Quarter & Nine Months 2014 Financial Results Nov 7, 2014 Borsa Istanbul: ULKER ULKER.TI (Bloomberg) | ULKER IS (Reuters) www.ulkerbiskuvi.com.tr

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains information and analysis on financial statements and is prepared for the sole purpose of providing information relating to Ülker. This presentation contains forward-looking statements which are based on certain expectations and assumptions at the time of publica

  3. Slide 3: Turkey Macro Economic Overview

    Turkey Macro Economic Overview 2013 GDP Growth  GDP grew by 2.1% in 2Q14 thanks to 4% net exports  Household consumption grew by 0.3% in 2Q14  Consumer confidence is still below its average since 2012  Consumer prices of 8.9% in September 2014  Food price inflation +10% in September 2014 3

  4. Slide 4: Breakdown of Net Sales

    Breakdown of Net Sales Breakdown of sales volume (ton)  Consolidated sales volume was down by 4.0% in 354.670 3Q14 attributable to: 349.470 Cake Chocolate • Low exports volume Biscuit 46.710 49.708  Biscuits sales volume was 54% (9M13: 54%) of total 9M14 sales volume, where chocolate was 32% 114.6

  5. Slide 5: Gross Profit & EBITDA

    Gross Profit & EBITDA Decrease in gross profit in 3Q14 is due to: • High input costs • Divesture of sales companies Gross Profit margin contracted to 18.7% in 3Q14 (On a like for like basis, 19.3% in 3Q14) EBITDA was down to TL 73 mn in 3Q14 as a result of: • High input costs • Tight opex management

  6. Slide 6: FX and Net Profit

    FX and Net Profit Net Foreign Exchange Gain/Loss  Net foreign exchange loss was TL 9.3 mn in 3Q13 vs loss of TL 14.0 (TL mn) 3Q2013 3Q2014 mn in 3Q14 Net Foreign Exchange Gain/Loss From Operations -7,4 2,7 Net Foreign Exchange Gain/Loss From Investments 54,5 11,0 • TL 447 mn of short FX position as

  7. Slide 7: Cash Cycle and Net Debt

    Cash Cycle and Net Debt Cash Cycle (Days) 77 68 68 A/R 66 A/P  Cash Cycle of 45 days in 3Q14 Inv. Cash Cycle • Receivable days extended due 45 to advance payment for some 35 36 33 raw materials and Eid effect 2Q14 3Q14 Net Debt (TL mn) 492 95  Net debt stands at TL 492 200 28 million, as of Septem

  8. Slide 8: Questions & Answers

    “Turkey’s Largest Food Company” Questions & Answers 8

  9. Slide 9: Contact details and address

    Kısıklı Mahallesi Ferah Caddesi No:1 34692 B. Çamlıca / Üsküdar / İstanbul Türkiye For more information, please contact us + 90 (216) 524 25 56, or email us at ir@ulker.com.tr www.ulkerbiskuvi.com.tr

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