Tab Gida Sanayi Ve Ticaret A.s. · BIST:TABGD
Tab Gida Sanayi Ve Ticaret A.s — TAB Gıda Sanayi ve Ticaret A.Ş. — Q3 2023 Earnings Presentation
15 slides from Tab Gida Sanayi Ve Ticaret A.s's earnings presentation, 2023
Slide 1: 3Q 2023 Financial Results
TAB 3Q 2023 Financial Results
Slide 2: Disclaimer
Disclaimer This presentation includes forward-looking statements including, but not limited to, statements regarding TAB Gıda Sanayi ve Ticaret A.Ş.’s (“TAB Gıda”) plans, objectives, expectations and intentions and other statements that are not historical facts. Forward- looking statements can gener
Slide 3: Ecosystem
Ecosystem 3
Slide 4: TAB Gıda: The Largest Quick Service Restaurant Chain in Türkiye
TAB Gıda:The Largest Quick Service Restaurant Chain in Türkiye ⁽¹⁾ 5 Master Franchisee of Global Brands 2 Domestic Brands 4 79 Countries*** Operating cities 22.1 bTL 2.956 mTL System Sales* Adjusted EBITDA* 15.498 Employees %57 Employees within 18-25 Age Resources: Company information *LTM Sales as
Slide 5: Why TAB Gıda?
Why TAB Gıda? Market Leader with Comprehensive Brand Portfolio* Market Dynamics Supporting Growth ✓ TAB Gıda is the leader in the Limited Service, Chain Restaurants category with Coherent Operations with Local Tastes a sales volume of 26%*. Limited service, Chain Restaurants Number of restaurants In
Slide 6: Highlights of 3Q 2023
Highlights of 3Q 2023 System added 38 restaurants in 3Q 2023 # of orders up by 14% YoY and exceeded 58.0m 3Q 2023 Average # of daily tickets per restaurant up by 8.8% YoY Highlights Average daily restaurant sales up by 100% YoY Consolidated revenues up by 94% YoY to 5,079 million TL EBITDA up by 139
Slide 7: Physical Expansion: Number of Restaurants
Physical Expansion 3Q 2022 400 309 2Q 2023 401 326 3Q 2023 402 336 1.572 1.534 3Q 2022 243 31 1.361 2Q 2023 269 37 3Q 2023 281 40 616 653 Number of Restaurants 401 3Q 2022 64 38 2Q 2023 43 72 3Q 2023 39 77 3Q 2022 85 4 Breakdown of restaurant count 2Q 2023 99 7 as of 30 September 2023 3Q 2023 105 7
Slide 8: LFL Performance
LFL Performance 3Q 2023 9M 2023 Sales # of Tickets Average Ticket Sales # of Tickets Average Ticket TAB 97.9% 8.4% 82.6% 107.9% 11.3% 86.0% Franchise 92.5% 9.6% 75.7% 100.0% 9.0% 83.5% System-wide 95.7% 8.8% 79.9% 104.4% 10.5% 84.9% CPI-food*: 70% PPI-Food*: 63% CPI-food**: 64% PPI-food**: 72% LFL #
Slide 9: Sales Performance
Sales Performance Number of Tickets (‘000) Average Daily Restaurant Sales Average Number of Daily Tickets per Restaurants TAB restaurants Franchise restaurants 56.519 415 58.011 411 50.940 39% 34% 30.526 66% 61% 3Q 2022 3Q 2023 3Q 2022 3Q 2023 3Q 2022 3Q 2023 9
Slide 10: Financial Performance at a Glance
Financial Performance at a Glance Revenues (TL) Gross Profit (TL) 7,908 million System-wide 1,128 million + 109% YoY + 154% YoY 5,079 million net sales 22.2% gross margin + 94% YoY + 5.3pp YoY Adj. EBITDA (TL) Net Income (TL) 1,061 million 536 million + 139% YoY + 82% YoY 20.9% adj. EBITDA margin 10
Slide 11: Strong EBITDA Growth
Strong EBITDA Growth 3Q 2022 Sales increase Sales increase Cost of sales S&M expenses G&A Other 3Q 2023 Adj. EBITDA (Price and mix (Increase in # of expenses Adj. EBITDA contribution) tickets) + 617 million TL + 139% 11
Slide 12: Massive Improvement in Indebtedness
Massive Improvement in Indebtedness Net debt (million TL) Net debt / Adj. LTM EBITDA 4,76 2.897 2.677 2,75 1.707 1.289 2,10 0,98 2020 2021 2022 9M 2023 2020 2021 2022 9M 2023 (TL) 2020 2021 2022 9M 2023 Short-term financial debt 390 237 616 330 Current portion of long term financial liabilities 147
Slide 13: Summary Income Statement
Summary Income Statement 1 January - 1 January - 1 July - 1 July - Change (%) Change (%) (TL) 30 September 2022 30 September 2023 30 September 2022 30 September 2023 Revenue 5.955.940.246 12.158.048.942 104% 2.623.674.162 5.078.815.920 94% Cost of revenue (5.181.879.833) (9.556.097.650) 84% (2.179.2
Slide 14: Summary Balance Sheet
Summary Balance Sheet as of as of as of as of (TL) 30 September 2023 31 December 2022 (TL) 30 September 2023 31 December 2022 Current Assets Short-Term Liabilities Cash and cash equivalents 397.201.604 169.816.380 Short term financial liabilities 329.686.984 615.809.169 Trade receivables 736.044.094
Slide 15: Popeyes
oO Popeyes.
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