Ulker Biskuvi Sanayi A.s. · BIST:ULKER

Ulker Biskuvi Sanayi A.s — Q2 2016 Earnings Presentation

11 slides from Ulker Biskuvi Sanayi A.s's earnings presentation, Aug 17, 2016

  1. Slide 1: Turkey's Largest Food Company – Second Quarter 2016 Financial Results

    “Turkey’s Largest Food Company” Second Quarter 2016 Financial Results August 17, 2016 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  GDP grew by 4.8% in 1Q16 thanks to household spending  Consumer prices of 7.6% in June 2016 YOY Industrial Production  Food price inflation 6.6% in June 2016 YOY  Industrial Production index reached 132 in June 2016, rise of 5% over 1Q16  Consumer confidence reco

  4. Slide 4: Market Growth

    Market Growth Market Growth % (Volume)  Confectionery market expanded by 1.3% as of June 30th 2016, on a 12 month basis  Biscuit market decreased by 0.3% as of June 30th 2016, on a 12 month basis  Chocolate market expanded by 2.9% as of June 30th 2016, on a 12 month basis  Cake market posted a g

  5. Slide 5: Breakdown of Consolidated Sales Volume

    Breakdown of Consolidated Sales Volume Breakdown of Sales Volume (Tons)  Consolidated sales volume was up by 2.5% in 2Q16 attributable to: Other 322.024 313.080  Higher biscuit sales in Int’l operations Cake 64.965 56.079  Higher chocolate sales in both Turkey & Chocolate Biscuit 157.594 161.481

  6. Slide 6: Breakdown of Consolidated Net Sales Revenue

    Breakdown of Consolidated Net Sales Revenue  Consolidated sales revenue was up by 4.2% in 2Q16 Breakdown of Sales Revenue (TL mn) primarily as a result of: Other  Higher unit prices in Turkey Cake 1,980.5 Chocolate Biscuit 1,915.8  Mix impact 974.2 162,1 84,8 935.0 197,9  Excluding other, the gr

  7. Slide 7: Consolidated Gross Profit & EBITDA

    Consolidated Gross Profit & EBITDA Gross Profit (TL mn) Margin 22.6% 24.0% 23.0% 24.0%  Gross profit increased by 10.9% to TL 234.2 mn in 2Q16 441,3 474,6  Gross margin expanded by 1.4 pp to 24.0% due to; 234,2 • Mix impact 211,2 • Carry on price increase • Improvement at the both Turkey and Int’l

  8. Slide 8: FX and Net Profit

    FX and Net Profit Net Foreign Exchange Gain/Loss  Net foreign exchange loss was TL 2.5 2Q15 2Q16 1H15 1H16 (TL mn) mn in 2Q16 Net Foreign Exchange Gain/Loss From Operations 4.9 1.7 18.5 (0.7) • TL 740 mn of short FX position as of Net Foreign Exchange Gain/Loss From June 30, 2016 Investments 83.8 3

  9. Slide 9: Cash Cycle and Net Debt

    Cash Cycle and Net Debt Cash Cycle (Days) 76 77 72 73  Cash Cycle of 40 days in 64 61 61 58 2Q 2016 A/R 40 A/P 37 37 Inv. 32 33 31 32 Cash Cycle 34 2013 2014 2015 1H 2016 Net Debt (TL mn) 651 656  Net debt stands at TL 656 mn, as of June 30, 2016 301 102 96 55 2011 2012 2013 2014 2015 1H 2016 9

  10. Slide 10: Questions & Answers

    “Turkey’s Largest Food Company” Questions & Answers 10

  11. Slide 11: Ülker contact details

    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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