Teknosa Ic Ve Dis Ticaret As · BIST:TKNSA
Teknosa Ic Ve Dis Ticaret As — Teknosa İç ve Dış Ticaret A.Ş. — Q2 2019 Earnings Presentation
17 slides from Teknosa Ic Ve Dis Ticaret As's earnings presentation, Aug 8, 2019
Slide 1: Teknosa 2Q19 Results Investor Presentation
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Investor Teknosa İç ve Dış Ticaret A.Ş. Presentation 2Q19 Results «Turkey’s Leading Electronics Retailer» Ümit Kocagil, CFO H.Şenay Akıncı Özertan, Finance and Investor Relations Manager August 8 , 2019 Genel
Slide 2: Agenda
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Agenda Results at a Glance Financial Overview Year-end Guidance 2 Genel
Slide 3: Main messages
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Top-line growth was %12,5 YoY growth was realized due to Main maintained in 2Q19 higher average basket size growth in 2Q19 messages Incentives on Special Consumption Tax on White Goods and Consumer Electronics, amendments on credit card install
Slide 4: Lowest Consumer Confidence Index ever
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Lowest Consumer Consumer confidence index fell to 55,3 in May, it was the lowest level since the data compilation began 15 years ago. Although the consumer Confidence Index confidence index rises from 55,3 to 57,6 in June, Turkish households ever
Slide 5: 2Q19 Results
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION 2Q19 4 K sqm YoY change in Net Sales Area sales area, as a result Results (‘000 m2) 109 of operational 105 efficiency review 2Q18 2Q19 Net sales increased by 12,5 % YoY in Net Sales Total 1.002 2Q19. 891 (TL mn) Revenues (M TL) 2Q18 2Q19 4,4
Slide 6: Electronics Retail Market and Teknosa
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Electronics The panelmarket grew by 3,9% YoY, reaching TL 29,7 bn in 6M19 Retail Market YoY growth in MDA(AC included) by 29,8% and SDA by 17,1%, YoY contraction in CE+Photo+MTG by 2,6%, Telecom by %8,7 and IT by 13,4% and Teknosa TSS channel
Slide 7: Changes in the sector
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Changes in The Banking Regulation and Supervision Agency (the “BRSA”) introduced amendments restricting the number of installments on the sector credit cards on 12 June 2019. The amendmends can be summarized as follows: • The number of monthly in
Slide 8: Income Statement Summary
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION (TL mn ) 2Q18 1Q19 2Q19 YoY (%) 1H18 1H19 YoY (%) Income Net Sales 889 841 1.002 13% 1.697 1.843 9% Statement Gross Profit 150 142 178 19% 297 320 8% Summary Gross Profit Margin 16,9% 16,9% 17,8% 0,9pp 17,5% 17,4% -0,1pp EBITDAR 76 60 92 21% 152 15
Slide 9: New Teknosa.com Experience in 2Q19
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION New Teknosa.com teknosa.com Revenues (TLmn) Experience in 2Q19 %24 %23 66 97 120 54 2Q18 2Q19 1H18 1H19 Teknosa.com revenues increased by 23% in 2Q19. New and fast Teknosa.com platform positively affected teknosa.com revenues and increased cust
Slide 10: OPEX/Sales ratio
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION OPEX/Sales (%) OPEX/Sales ratio 15% 14% 15% 14% 1H18 1H19 2Q18 2Q19 Operating expenses have been kept under strict control while facing a period of rising inflation Teknosa management will continue to put a strong emphasis on operating expenses
Slide 11: Working Capital and Cash Position
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Working Capital Requirement (TL mn) Working TL -219 mn TL -282 mn TL -242 mn Capital and 656 High inventories increased working 493 594 Cash Position 66 61 88 capital requirement 777 938 986 by TL 40 M 4Q18 1Q19 2Q19 T.Receivables Inventories T.Pay
Slide 12: Agenda
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Agenda Results at a Glance Financial Overview Year-end Guidance 12 Genel
Slide 13: Balance Sheet Summary
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Assets (in TL mn) Jun-18 Mar-19 Jun-19 Balance Current Assets Ca s h a nd Ca s h Equi va l ents 679 25 723 42 817 50 Sheet Tra de Recei va bl es Inventori es 96 516 61 594 88 656 Other Current As s ets 43 26 23 Summary Non-current Assets 175 564 55
Slide 14: Agenda
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Agenda Results at a Glance Financial Overview Year-end Guidance 14 Genel
Slide 15: 2019 Full Year Financial Guidance
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION 2019 Full Year Due to uncertainties in global and domestic markets, we prefer to share Financial our 2019 guidance on a wide range Guidance Accordingly, we expect to see a high single digit or low double digit LfL growth for 2019 We expect ou
Slide 16: Thank You
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Thank You Contact Information: H.Şenay Akıncı Özertan– Finance and Investor Relations Manager +90 (216) 468 37 46 sozertan@teknosa.com IR web page: http://yatirimci.teknosa.com/homepage IR e-mail: yatirimciiliskileri@teknosa.com 16 Genel
Slide 17: Disclaimer
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Disclaimer The information and opinions contained in this document have been compiled or arrived at by Teknosa from sources believed to be reliable and in good faith, but no representation or warranty, expressed or implied, is made as to their accu
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