Dogus Otomotiv Servis Ve Ticaret Anonim Sirketi · BIST:DOAS

Dogus Otomotiv Servis Ve Ticaret Anonim Sirketi — Doğuş Otomotiv Servis ve Ticaret A.Ş. — H1 2016 Earnings Presentation

18 slides from Dogus Otomotiv Servis Ve Ticaret Anonim Sirketi's earnings presentation, Aug 19, 2016

  1. Slide 1: 1H 2016 Analyst Briefing Presentation

    1H 2016 ANALYST BRIEFING PRESENTATION Kerem Talih 19 August 2016

  2. Slide 2: 1H2016 DOAS Developments

    1H2016 DOAS DEVELOPMENTS  Retail Market sales almost remain unchanged and DOAS sales decreased by 2% in 1HQ2016 compared to 1H2015.  Due to the VW International problem, Doğuş Otomotiv voluntarily had suspended the sales of the affected Jetta and Caddy vehicles in October 2015.  Revenues increase

  3. Slide 3: 1H 2016 Doğuş Otomotiv Main Segment Sales Performance

    1H 2016 DOGUS OTOMOTIV MAIN SEGMENT SALES PERFORMANCE Retail RETAIL MARKET DOAŞ PERFORMANCE

  4. Slide 4: Competition

    COMPETITON Due to emission problems, Jetta diesel Retail model could not be sold since Oct2015. 2014 2015 YTD YTD 15/16 YTD JUN 15/16 RETAIL MARKET YEAR END YEAR END JUN 15 JUN 16 ∆ ∆ VW ranked 2nd in cumulative PASSENGER VEHICLE % passenger vehicle market with 12,9% DOGUS OTOMOTİV 22,2 23,1 24,2 22

  5. Slide 5: 1H 2016 Passenger Vehicle Market (%)

    1H 2016 PASSENGER VEHICLE MARKET (%) Retail - Passenger vehicle market increased by 3% in 1H2016 compared to 1H2015. - DOAS’ market share in the passenger vehicle market decreased from 24,2% to 22,4% compared to last year.** - Renault has 20,9% market share in this segment following DOAS. - VW passe

  6. Slide 6: 1H 2016 Light Commercial Vehicle Market (%)

    1H 2016 LIGHT COMMERCIAL VEHICLE MARKET (%) Retail - Light commercial vehicle market decreased by 4% in 1H2016 compared to 1H2015. - In this decreasing market, DOAS has achieved to increase its market share in the light commercial vehicle immensely from 13,3% to 15,5% in 1H2016 compared to 1H2015.*

  7. Slide 7: 1H 2016 Doğuş Otomotiv Brand Sales Performance

    1H 2016 DOGUS OTOMOTIV BRAND SALES PERFORMANCE Wholesale WHOLESALE 1H2015 1H2016 Δ UNITS VW PV 54.553 47.910 -12% VW LCV 14.343 15.946 11% AUDI 9.219 9.572 4% SKODA 11.543 13.847 20% SEAT 8.298 8.953 8% SCANIA 1.555 1.234 -21% KRONE 142 2 -99% PORSCHE 288 370 28% MEILLER 268 7 -97% BENTLEY 9 2 -78%

  8. Slide 8: Financial Performance

    FINANCIAL PERFORMANCE

  9. Slide 9: Financial Performance

    FINANCIAL PERFORMANCE Net Sales EBITDA Net Profit CapEx Total Assets Working Capital* *Cash and cash equivalents, trade receivables and invetory are included.

  10. Slide 10: Margins %

    MARGINS % Gross Profit Margin OpEx/Sales EBITDA Margin %8 Cons. Max 7,1% 6,9% 6,0% 6,0% 10 - 11 % Target %5 Solo Max EBIT Margin Net Profit Margin Wholesale Market Share

  11. Slide 11: Income Statement

    INCOME STATEMENT 1H2016 1H2015 Δ 1H16/ TL’000 1H15 Revenue 5.359.824 4.969.151 8% Direct cost of revenue -4.804.731 -4.428.219 9% Gross profit 555.093 540.932 3% Total Operational Expenses -368.625 -296.170 24% EBIT 186.468 244.762 -24% Income from Investing 9.259 37.324 -75% Activities Income/Loss

  12. Slide 12: Equity Accounted Investees

    EQUITY ACCOUNTED INVESTEES Income from Associates TL’000 1H2016 1H2015 Δ 1H16/ 1H15 Associates VDTF* 25.937 6.926 274% Doğuş Sigorta 885 1.357 -35% Yüce Auto 6.461 4.511 43% VDF Servis 6.712 5.697 18% TÜVTÜRK N&S 16.161 19.132 -16% Meiller-Doğuş** (Consolidated) -514 -188 173% Doğuş Teknoloji 726 24

  13. Slide 13: Balance Sheet

    BALANCE SHEET TL’000 30.06.2016 31.12.2015 Δ Inventories, increased from 1.214.122K TL to 1.880.211K TL as of 30.06.2016. Number of vehicles increased from 14.426 units ASSETS 4.726.931 3.979.903 19% to 28.139 units as of 30.06.2016. (As of 30.06.2016, the total Cash and cash equivalents 54.007 71.8

  14. Slide 14: Financing Costs

    FINANCING COSTS Million TL 1H2016 1H2015 Δ 1H16/ 1H15 Financing Costs -124,291 -63,534 96% Finance expenses, net -124,263 -61,114 103% Interest expense on borrowings -121,918 -59,088 106% Commission expenses on letters of guarantee -1,637 -1,489 10% Other financial expenses -0,708 -0,537 32% Foreign

  15. Slide 15: Financial Performance

    FINANCIAL PERFORMANCE Million TL 30.06.2016 31.12.2015 Δ Working capital 3.030 2.390 27% Net cash position -2.329 -1.902 22% Receivable Turnover (day) 37 37 1% Inventory Turnover (day) 71 45 58% Payable Turnover (day) 40 19 109% Million TL 30.06.2016 31.12.2015 Δ CAPEX 99 169 -42% ROA 2,4% 7,6% -68%

  16. Slide 16: Major Public Material Disclosures in 2016

    Major Public Material Disclosures in 2016 • 26.02.2016 – Directors and Officers (D&O) Liability Insurance: Company’s Board of Directors have been insured by Doğuş Holding A.Ş. in the scope of the “Directors and Officers Liability Insurance” with a collateral of 25 mio USD annually to cover claims re

  17. Slide 17: Thank You – Q & A

    THANK YOU – Q & A

  18. Slide 18: Disclaimer

    Disclaimer Dogus Otomotiv Servis ve Ticaret AS. (the “DOAS”) has prepared this presentation documents (the “Document”) consisting of documents and appendixes thereto for the sole purposes of providing information and projections and statements relating to the DOAS (the “Information”). DOAS cannot gu

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