Tat Gida Sanayi A.s. · BIST:TATGD
Tat Gida Sanayi A.s — Tat Gıda Sanayi A.Ş. — 9M 2019 Earnings Presentation
11 slides from Tat Gida Sanayi A.s's earnings presentation, October 2019
Slide 1: Investor Presentation – October 2019
Investor Presentation – October 2019 Updated by 9M-2019 financials
Slide 2: Exiting Pastavilla Business & Expected Impact
Exiting Pastavilla Business & Expected Impact ➢ Sale of Brands Agreed on 2nd of August (5% of total sales) ➢ Income from sale of brands ➢ Sale of Pastavilla, Kartal and Lunch & Dinner brands to Durum A.S. ➢ 8 mn TL in October ➢ 8 million TL in cash obtained in August ➢ Rights of ownership of the bra
Slide 3: Net Sales (TL Mn)
Net Sales (TL Mn) Growth trend maintained 1.200 1.042 +4% 1.000 960 879 822 799 829 800 757 600 400 200 0 2014* 2015 2016 2017 2018 2018-Q3 2019-Q3 *Harranova tomato and Maret business figures excluded due to the discontinued operations. Pastavilla business figures excluded from all years due to the
Slide 4: Net Sales Breakdown by Product Group (TL Mn)
Net Sales Breakdown by Product Group (TL Mn) 20% growth over last year Q3, excluding the private label business Sek private label products included in 2018 Q3 Sek private label products excluded in 2018 Q3 +4% +20% 829 826 799 686 429,2 425,4 440,9 327,3 -3% +30% 358,6 +12% 400,2 358,6 +12% 400,2 20
Slide 5: Net Sales Breakdown by Region (%)
Net Sales Breakdown by Region (%) Exports decreased by 17% Export (Mn TL) Export (%) -17% 88 11 8,8 73 2018-Q3 2019-Q3 Export Domestic Export Domestic 2018-Q3 2019-Q3 *Harranova tomato and Maret business figures excluded due to the discontinued operations. Pastavilla business figures excluded from a
Slide 6: Profit (TL Mn)
Profit (TL Mn) High growth in high margin Tat business and SEK branded sales had a positive impact on profitability Gross Profit Operating Profit +79% 9,3% 100 10, 0% 8,1% 8,1% +25% 90 7,3% 8,0 % 6,3% 5,9% 77 5,4% 175 80 6,0 % 71 70 70 67 4,0 % 61 140 60 2,0 % 51 43 50 0,0 % 40 -2,0% 30 -4,0% 20 -6,
Slide 7: EBITDA & Income Before Tax (TL Mn)
EBITDA & Income Before Tax (TL Mn) Profit Margins are well above previous years EBITDA +64% Income Before Tax 120 12, 0% 110 100 +50% 9,4% 10, 0% 8,5% 8,0% 9,0 % 100 8,5% 90 8,0% 6,7% 6,3% 90 8,0 % 6,6% 80 7,0 % 6,2% 75 5,9% 78 70 66 80 70 5,1% 70 64 4,4% 4,1% 6,0 % 4,3% 5,0 % 70 63 53 60 60 51 53 4
Slide 8: Net Income (TL Mn)
Net Income (TL Mn) 45 mio TL Net Income Generated Net Income NI Margin 100 8,2% 9,0 % +45% 90 7,4% 6,4% 7,0 % 80 5,4% 67 5,0 % 70 4,0% 65 3,7% 3,9% 61 60 3,0 % 50 45 40 39 1,0 % 33 31 30 -1,0% 20 -3,0% 10 0 -5,0% 2014* 2015 2016 2017 2018 2018-Q3 2019-Q3 *Maret asset sales income excluded.
Slide 9: Net Financial Debt / EBITDA (TL Mn)
Net Financial Debt / EBITDA (TL Mn) Net Financial Debt Net Financial EBITDA (rolling) Financial Debt Cash / EBITDA (rolling) Debt 2014* 51 1,8 189 95 94 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 5
Slide 10: Summary Balance Sheet
Summary Balance Sheet TL Mn 2014 2015 2016 2017 2018 2018-Q3 2019-Q3 Current Assets 501 491 500 563 641 757 823 Non-current Assets 163 163 191 223 223 217 247 Total Assets 664 655 691 786 864 974 1.070 Current Liabilities 253 206 153 271 247 360 367 Non-current Liabilities 61 31 77 22 117 120 157 Sh
Slide 11: THANK YOU
THANK YOU