Otokar Otomotiv Ve Savunma Sanayi A.s. · BIST:OTKAR
Otokar Otomotiv Ve Savunma Sanayi A.s — H1 2011 Earnings Presentation
47 slides from Otokar Otomotiv Ve Savunma Sanayi A.s's earnings presentation, Jun 30, 2011
Slide 1: Investor Relations Presentation
INVESTOR RELATIONS PRESENTATION 30.06.2011
Slide 2: Agenda
AGENDA Company Profile Highlights of 1H 2011 Financials Market Evaluation Annex Otokar in 2015 2
Slide 3: Adapazari / Arifiye Plant
Otokar ADAPAZARI / ARIFIYE PLANT
Slide 4: Otokar's Profile: Briefly Otokar
Otokar’s Profile Briefly Otokar In early 90s, Otokar combined its armour In mid 80s, technology with its Otokar was Otokar experience in military After the merge with Launch of the new founded as manufactured vehicles by developing Istanbul Fruehauf midsize bus for 35 seats named Turkey’s first the
Slide 5: Otokar's Profile: Briefly Otokar
Otokar’s Profile Briefly Otokar Being the only designer and manufacturer of M2010 was MINE RESISTANT By upgrading its former launched to the TACTICAL VEHICLES Corporate Management market and Vectio Otokar upgraded its in Turkey, Otokar added rating of 7,94 to 8,12 in 215T was awarded former Corporat
Slide 6: Shareholders
Otokar’s Profile Shareholders UNVER KOÇ HOLDING HOLDING 25% 45% FREE FLOAT 30% 6
Slide 7: Briefly Otokar
Otokar’s Profile Briefly Otokar Otokar is among the leading companies of Turkey on both commercial and defence industry sides with its 48 years’ experience. Otokar is quoted in ISE since 1995 and 30% share of Otokar is traded on ISE. Otokar’s capex volume is around 10-15 mio $ per annum. Otoka
Slide 8: Product Range
Otokar’s Profile Product Range COMMERCIAL VEHICLES DEFENCE VEHICLES Land Rover 4x4 Land Vehicles Minibus Armoured Internal Security Vehicles Mid Cap Sized Bus Mine Resistant Armoured Tactical Vehicle: KAYA Buses 6x6 Armoured Tactical Vehicle:ARMA Trailer, Semi-trailer & Armoured
Slide 9: Commercial Vehicles
Otokar’s Profile Product Range COMMERCIAL VEHICLES Minibuses Midibuses Buses Trailer/Semi-trailers, Tankers 9
Slide 10: On Commercial Side Otokar Has a Wide Product Range
Otokar’s Profile Product Range OTOKAR IS ONE OF THE BIGGEST COMPANIES OF TURKEY IN COMMERCIAL VEHICLE INDUSTRY. OTOKAR IS THE MARKET LEADER IN MINI and MID CAP SIZED BUS CATEGORIES FROM 5,5 METER TO 10 METER. ON COMMERCIAL SIDE OTOKAR’S HAS A WIDE PRODUCT RANGE CONSISTING OF MINIBUSES, MIDIBUSES AND
Slide 11: Military tactical vehicles capability
Otokar’s Profile Product Range Besides the success in commercial vehicles and the ability in special vehicles, Otokar proved its world class design and production capability in military tactical vehicles. 11
Slide 12: Defence Product Range
Otokar’s Profile Product Range DEFENCE PRODUCT RANGE Land Rover Defender Armoured Vehicles Armoured Personnel Carrier Scorpion Cobra Discreetly Armoured Station Wagon Armoured Internal Security Vehicle 8x8 tactical armoured vehicle Mine Resistant Troop Carrier: Kaya Arma 6X6 T
Slide 13: Otokar defence industry experience
Otokar’s Profile Product Range OTOKAR OTOKAR, LEADER COMPANY IN DESIGN, TEST, INTEGRATION AND PRODUCTION OF MILITARY TACTICAL VEHICLES, AFTER THE 21 YEARS DEFENSE INDUSTRY EXPERIENCE, SCORED ALMOST 1 BILLION USD DELIVERY INCLUDING EXPORTS. AFTER THE MERGER OF ISTANBUL FRUEHAUF FACTORY AND ALSO THE L
Slide 14: Recently Launched Products
Otokar’s Profile Recently Launched Products Doruk 230DG Doruk 160LE Hibra 6X6 Armoured Tactical Vehicle: ARMA Mine Resistant Armoured Tactical Vehicles: KAYA Vectio / Doruk 215T 12-meter Public Transport Vehicle: KENT 290H 12-meter Low Floor Public Transport Vehicle: KENT 290LF M2010 / Centr
Slide 15: Prime Contractor of the 1st National Main Battle Tank of Turkey
Otokar’s Profile “Prime Contractor of the 1st National Main Battle Tank of Turkey” A feasibility study was performed so that a Main Turkish Battle Tank can be designed and produced locally with a genuine model to meet the needs. A tender was opened for the preparation of the design and the prototy
Slide 16: Research & Development
Otokar’s Profile Research & Development R&D R&D activities have been attached great importance in Otokar since its foundation. In addition to extending the present product range, Otokar also applies a permanent R&D process in terms of designing military, semi-military and commercial original produ
Slide 17: Otokar R&D Center and Design Awards
Otokar’s Profile Research & Development Otokar R&D Center and Design Awards Otokar designed vehicles constitutes 85% of the total revenue “Good Design Award”, Design Turkey 2010 for KENT 290LF 2009 Busworld Kortrijk European Coach and Bus Week (ECW) Grand Award in Midi Coach category for DORUK 21
Slide 18: Adapazari / Arifiye Plant
ADAPAZARI / ARİFİYE PLANT Total area 552.000 m² Total closed area 141.303 m² 18
Slide 19: Dealership System
Otokar’s Profile Dealership System 33 Midibus/Minibus Dealers (19 of which is abroad) 10 Trailer Dealers 152 Authorized Service Stations 19
Slide 20: Export Markets
Otokar’s Profile Export Markets Otokar’s defence vehicles are actively used in armies of 15 countries, and also in 25 countries the commercial vehicles of Otokar are in use. 20
Slide 21: Competitive Advantages
Otokar’s Profile Competitive Advantages Having products which the industrial Unique in Defence Industry and ownership rights belong to OTOKAR Working with well known brand names Product reliability in markets Flexible plant capacity Capability to react urgent defence oriented orders Ab
Slide 22: Vision and Mission
Otokar’s Profile Vision and Mission Developing its own technology Preserving the local and national identity of its own products. Targeting persistence satisfaction of customers, employees and partners with total excellence philosophy. Desinging, manufacturing and marketing commercial vehicl
Slide 23: Highlights of 1H 2011
HIGHLIGHTS OF 1H 2011 Otokar increased its total revenues by 96% and raised to USD249,2 mio. Otokar generated USD17,8 mio net profit with a net margin of 7,1%. Successful results in both commercial and defensive vehicle sales: Leadership in all niche market bus categories. Sultan (domestic ver
Slide 24: Highlights of 1H 2011
HIGHLIGHTS OF 1H 2011 Otokar at IDEX and IDEF with its Armored Vehicles 12M BUS: KENT/TERRITO Otokar, presented its new armoured vehicle İstanbul Otobüs AŞ. plans to purchase 6x6 "ARMA", worldwide known 4x4 "COBRA" upto 2000 new buses. In the first tender and its mine resistant troop carrier "KAYA"
Slide 25: Financial Indicators
Otokar’s Financials Financial Indicators Total Revenue 249,2 EBITDA 28,2 Net Profit 17,8 Shareholders’ Equity 114,3 ROE (%) 14,9 Gross Margin (%) 22,1 Operating Margin (%) 9,0 EBITDA Margin (%) 11,3 Net Margin (%) 7,1 Current Ratio 1,0 Total # of Employees 2136 As of 30.06.2011 (USD mio) 25
Slide 26: Production Units
Otokar’s Financials Production Units 26
Slide 27: Sales Units-Distribution
Otokar’s Financials Sales Units-Distribution 27
Slide 28: Sales Unit-Comparison
Otokar’s Financials Sales Unit-Comparison 28
Slide 29: Revenue-Distribution
Otokar’s Financials Revenue-Distribution 29
Slide 30: Revenue-Distribution
Otokar’s Financials Revenue-Distribution 30
Slide 31: Revenue-Composition
Otokar’s Financials Revenue-Composition 31
Slide 32: Revenue-Composition
Otokar’s Financials Revenue-Composition 32
Slide 33: Margins
Otokar’s Financials Margins 33
Slide 34: Ebitda & Ebitda Margins
Otokar’s Financials Ebitda & Ebitda Margins 34
Slide 35: Net Profit & Net Margin
Otokar’s Financials Net Profit & Net Margin 35
Slide 36: Dividend Performance
Otokar’s Financials Dividend Performance 36
Slide 37: Stock Performance
Otokar’s Financials Stock Performance 37
Slide 38: Market Capitalisation (USD mio)
Otokar Otokar’s Financials MCAP uso . MCAP USD 564 mio million 700 38 GW Koc
Slide 39: Capital Expenditure
Otokar’s Financials Capital Expenditure 39
Slide 40: Annex
ANNEX Summary Profit & Loss Statement (IFRS) Summary Balance Sheet (IFRS) Summary Cash Flow Statement (IFRS) Most recent Sales Volume and Production Figures Summary Working Capital 40
Slide 41: Summary Profit & Loss Statement
ANNEX SUMMARY-Profit&Loss Statement 41
Slide 42: Summary Balance Sheet
ANNEX SUMMARY-Balance Sheet 42
Slide 43: Summary Cash Flow Statement
ANNEX SUMMARY-Cash Flow Statement 43
Slide 44: Summary Cash Flow Statement
ANNEX SUMMARY-Cash Flow Statement 44
Slide 45: Summary Working Capital
ANNEX SUMMARY-Working Capital 45
Slide 46: Otokar in 2015
OTOKAR in 2015 Revenue more than 500 million USD Exports to be the 1/3 of the revenue Growth with the products of which industrial and property rights belonging to Otokar High dividend yield Increasing the company market value Satisfied shareholders 46
Slide 47: Contacts
CONTACTS Hüseyin Odabaş Assist.Gen.Manager (Finance) (90 264) 229 22 44 – 6000 hodabas@otokar.com.tr Yasemin Orhon Finance Section Manager (90 264) 229 22 44 – 6210 yorhon@otokar.com.tr Ö.Ahmet Özerol Finance Section Investor Relations Assistant (90 264) 229 22 44 – 6213 aozerol@otokar.com.tr
Otokar Otomotiv ve Savunma Sanayi A.Ş. — H1 2011 Earnings Presentation on 6ix