Teknosa Ic Ve Dis Ticaret As · BIST:TKNSA
Teknosa Ic Ve Dis Ticaret As — Teknosa İç ve Dış Ticaret A.Ş. — Q4 2019 Earnings Presentation
18 slides from Teknosa Ic Ve Dis Ticaret As's earnings presentation, February 2020
Slide 1: Teknosa Investor Presentation 4Q19 Results
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Investor Teknosa Presentation 4Q19 Results «Turkey’s Leading Electronics Retailer» February , 2020 Genel
Slide 2: Agenda
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Agenda Results at a Glance Financial Overview Year-end Guidance 2 Genel
Slide 3: Main messages
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION High top-line growth in 4Q19 Teknosa benefited from Transformation Main Program and digitalization and increased messages its revenues to 1.257M TL, 46% YoY increase Increase in average basket size by 38% and number of customers in 4Q19 led to
Slide 4: Retail Figures
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION 4Q18 4Q19 YoY-% (M'TL) Retail Other Total Retail Other Total Retail Retail Net Revenue 816 44 860 1.207 50 1.257 48% Figures EBITDA (IFRS 16 effect excluded) 37 1 39 77 - 3 73 108% * As IFRS 16 adjustment has been in force since January 2019, for c
Slide 5: Consumer Confidence Index
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Consumer After increasing two months in a row, consumer confidence index Confidence Index dropped 1,9% in December to 58.8. Consumer confidence index remained weak all year, on 58.2, average compared to previous year. Despite flat CCI, Teknosa ac
Slide 6: 4Q19 Results
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION 4Q19 3 K sqm YoY change in Net Sales Area sales area, as a result Results (‘000 m2) of operational 108 105 efficiency review 4Q18 4Q19 Net sales increased by 46 % YoY in Net Sales Total 1.257 4Q19. (TL mn) Revenues 860 (M TL) 4Q18 4Q19 EBITDA
Slide 7: Electronics Retail Market and Teknosa
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION The electronics retail market(*) grew by 10% YoY, reaching TL 65 bn in FY19 Electronics YoY growth in SDA by 20,8% , MDA 18,5%, in Consumers Electronics by 4,7%, IT by Retail Market 4,4% and Telecom by 4,1% TSS channel accounts for 22,3%(incl
Slide 8: Income Statement Summary
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION (TL mn ) 4Q18 3Q19 4Q19 YoY (%) FY18 FY19 YoY (%) Income Statement Net Sales Gross Profit 860 170 1.037 184 1.257 210 46% 24% 3.477 646 4.137 715 19% 11% Summary Gross Profit Margin 19,7% 17,8% 16,7% -3,0pp 18,6% 17,3% -1,3pp EBITDA 39 83 110 186%
Slide 9: Online sales in 4Q19 grew to a record of 99M TL
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Online sales in teknosa.com Revenues (TLmn) 4Q19 grew to a record of 99M TL %39 %92 284 204 99 52 4Q18 4Q19 FY18 FY19 Teknosa.com revenues increased by %92 QoQ, and reached TL 99M in 4Q19. Attractive campaigns for consumers on Singles Day, Blac
Slide 10: Agenda
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Agenda Results at a Glance Financial Overview Year-end Guidance 10 Genel
Slide 11: OPEX/Sales ratio
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION OPEX/Sales (%) OPEX/Sales ratio 15% 16% 13% 11% FY18 FY19 4Q18 4Q19 Transformation Program Initiatives to enhance productivity on operating expenses resulted in lower Opex/Sales ratio in 4Q19. Teknosa remains focused on effective management of
Slide 12: Working Capital and Cash Position
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Working Capital Requirement (TL mn) Working TL -219 mn TL -237 mn TL -306 mn Capital and Progress in effective working capital Cash Position 493 66 616 74 860 66 management was sustained in 4Q19 777 927 1233 4Q18 3Q19 4Q19 T.Receivables Inventories
Slide 13: Balance Sheet Summary
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Assets (in TL mn) Dec-18 Sep-19 Dec-19 Balance Current Assets Cash and Cash Equivalents 593 27 719 22 994 37 Trade Receivables 66 74 66 Sheet Inventories Other Current Assets 493 7 616 7 860 31 Summary Non-current Assets Investment Property 168 9 5
Slide 14: IFRS 16 Impact on Financials
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION IFRS 16 In accordance with IFRS 16, starting in 2019, leased items with a lease duration longer than one year have to be included as an Impact on asset in the company books. Financials In addition, the payments that will be made on the lease ag
Slide 15: Agenda
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Agenda Results at a Glance Financial Overview Year-end Guidance 15 Genel
Slide 16: 2020 Full Year Financial Guidance
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION 2020 Full Year In line with our increased financial performance in 4Q19, we aim to Financial achieve 15-30% growth in revenues and a positive result in the net Guidance income by the end of 2020. Our goals may change in line with consumer confi
Slide 17: Thank You
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Thank You Contact Information: H.Şenay Akıncı Özertan– Finance and Investor Relations Manager +90 (216) 468 37 46 sozertan@teknosa.com IR web page: http://yatirimci.teknosa.com/homepage IR e-mail: yatirimciiliskileri@teknosa.com 17 Genel
Slide 18: Disclaimer
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Disclaimer The information and opinions contained in this document have been compiled or arrived at by Teknosa from sources believed to be reliable and in good faith, but no representation or warranty, expressed or implied, is made as to their accu
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