Tat Gida Sanayi A.s. · BIST:TATGD
Tat Gida Sanayi A.s — Tat Gıda Sanayi A.Ş. — Q1 2020 Earnings Presentation
11 slides from Tat Gida Sanayi A.s's earnings presentation, 2020
Slide 1: 2020 Q1 Financial Results
2020 Q1 Financial Results ry
Slide 2: Net Sales (TL Mn)
Net Sales (TL Mn) Growth trend maintained 1.142 1.042 960 879 822 +44% 377 262 2015 2016 2017 2018 2019 2019-Q1 2020-Q1 *Pastavilla business figures excluded from all years due to the discontinued operations.
Slide 3: Net Sales Breakdown by Product Group
Net Sales Breakdown by Product Group Strong growth in both categories Breakdown of Categories (Mn TL) Tomato Paste & Canned Food Montly Turnover (Mn TL) +44% 400 377 88,7 262 350 176 300 55,9 56,4 +27% 250 138 200 150 100 +63% 201 50 124 0 2019-Q1 2020-Q1 January February March Tomato Paste & Canned
Slide 4: Net Sales Breakdown by Region
Net Sales Breakdown by Region Exports grew by 19% with new distribution agreements Exports (Mn TL) Export (%) 40 +19% 35 9,3 35 11,2 30 29 25 2019-Q1 2020-Q1 20 15 10 5 0 Export Domestic Export Domestic 2019-Q1 2020-Q1 Pastavilla business figures excluded from all years due to the discontinued opera
Slide 5: Gross & Operating Profit
Gross & Operating Profit Favorable product mix and operational efficiencies had a positive impact on profitability Gross Profit (TL Mn) Operating Profit (TL Mn) +43% 107 15, 0% 85 12,7% 9,7% 100 90 9,3% 10, 0% 7,3% 80 +88% 80 70 59 5,9% 70 5,0 % 60 60 50 61 48 40 0,0 % 40 30 25 20 -5,0% 20 10 0 0 -1
Slide 6: EBITDA & Income Before Tax
EBITDA & Income Before Tax Profit Margins are well above previous years due to effective management of financial expenses EBITDA (TL Mn) 100 Income Before Tax (TL Mn) 120 107 12,9% 14, 0% 90 10,3% 11, 0% 110 12, 0% 9,0 % 100 80 6,6% 72 90 6,5% 9,4% 7,0 % 70 +136% 10, 0% 80 8,8% 64 6,3% 60 4,1% 5,0 %
Slide 7: Net Income (TL Mn)
Net Income (TL Mn) 29 mio TL Net Income Generated 100 8,2% 7,4% 7,6% 9,0 % 6,4% 90 7,0 % 80 5,8% 5,2% 67 65 66 3,7% 5,0 % 61 70 60 +109% 3,0 % 50 40 39 1,0 % 30 29 -1,0% 20 14 -3,0% 10 0 -5,0% 2015 2016 2017 2018 2019 2019-Q1 2020-Q1 Net Income NI Margin
Slide 8: Net Financial Debt / EBITDA (TL Mn)
Net Financial Debt / EBITDA (TL Mn) Net Net Financial Debt / EBITDA (rolling) Financial Debt Cash Financial EBITDA (rolling) Debt 2015 70 1,0 89 18 71 2016 75 0,4 74 43 31 2017 63 1,5 110 13 97 2018-Q1 64 1,9 133 9 125 2018-H1 65 1,6 112 10 102 2018-Q3 47 3,0 182 40 142 2018 54 2,4 156 28 128 2019-Q
Slide 9: Summary Balance Sheet (TL Mn)
Summary Balance Sheet (TL Mn) TL Mn 2018 2019 2019-Q1 2020-Q1 Current Assets 641 780 641 794 Cash 28 10 85 55 Trade receivables 323 384 326 422 Inventories 238 338 173 263 Non-current Assets 223 247 239 247 Total Assets 864 1.026 880 1.040 Current Liabilities 247 275 244 217 Short-term financial bor
Slide 10: Financial Indicators
Financial Indicators Financial Ratios at healthy levels TL Mn 2018 2019 2019-Q1 2020-Q1 Current Ratio 2,60 2,84 2,63 3,66 Liquidity Ratio 1,63 1,61 1,92 2,44 Net Financial Debt/Equity 0,26 0,35 0,20 0,34 Working Capital 394 542 373 538
Slide 11: THANK YOU
THANK YOU Q)