Atakey Patates Gida Sanayi Ve Ticaret As · BIST:ATAKP
Atakey Patates Gida Sanayi Ve Ticaret As — Atakey Patates — Q1 2025 Earnings Presentation
17 slides from Atakey Patates Gida Sanayi Ve Ticaret As's earnings presentation, Apr 30, 2025
Slide 1: Q1 2025 Results Presentation
ATAKEY PATATES Q1 2025 Results Presentation 30 April, 2025
Slide 2: Disclaimer
Disclaimer This presentation includes forward-looking statements, including, but not limited to, statements regarding Atakey Patates's plans, objectives, expectations, and intentions, and other statements that are not historical facts. Forward-looking statements can generally be identified by the us
Slide 3: Key Performance Indicators for Q1 2025 - After IAS29
Key Performance Indicators for Q1 2025 - After IAS29 Revenue Operating Profit EBITDA Net Profit ₺ 906 M ₺ 92 M ₺ 103 M ₺ 3M Production Sales Volume Serving 19.3 16.6 3,300+ K Tonnes K Tonnes Restaurants 3
Slide 4: Delivering Growth in Production through Strong Supply Chain and New Product Lines
Delivering Growth in Production through Strong Supply Chain and New Product Lines Production K Tonnes Strong Harvesting and Production 66.7 3% • On track with harvesting of 115 K tonnes of raw patatoes throughout the year. Consistent supply chain to support future 18.7 19.3 10.2 growth 2024 2025 1Q2
Slide 5: On Track for 20% Growth with Consistent Volume Uplift
On Track for 20% Growth with Consistent Volume Uplift Market Leadership and Sales Growth K Tonnes Served over 3,300+ QSR Locations in 74 Türkiye and Globally 62.9 1.4% ✓ Accelerated Sales Growth and Market Leadership 16.4 16.6 ✓ Aiming for 74K Tonnes of frozen product sales, a robust around 20% year
Slide 6: Channel Mix Performance
Channel Mix Performance • Leveraging the momentum of market Targeting Around 5K Tonnes of Exports • Consistent demand supports stability and leader TAB Gıda which accounts for 74% in 2025 operational efficiency of total sales Exports by 1Q25 Evaluating • Diversified channel mix supports long-term •
Slide 7: 2025 Q1 Financial Results Overview
2025 Q1 Financial Results Overview 7
Slide 8: Performance in 1Q25 and 1Q24 Before IAS Inflation Accounting
Performance in 1Q25 and 1Q24 Before IAS 29 - Inflation Accounting 1Q25 1Q24 YoY% Million ₺ Revenues 871 792 10% Operational Profit 193 309 -37% Operational Profit 22% 39% -17pp margin % EBITDA 176 252 -30% EBITDA margin % 20% 32% -12pp Net Profit 233 294 -21% Net Profit margin % 27% 37% -10pp 8
Slide 9: Performance in 1Q25 and 1Q24 After IAS 29 Inflation Accounting
Performance in 1Q25 and 1Q24 After IAS 29-Inflation Accounting Million ₺ 1Q25 1Q24 YoY% YoY % Revenues 906 1,161 -22% Operational Profit 92 240 -62% Operational Profit 10% 21% -10.5pp margin % EBITDA 103 185 -44% EBITDA margin % 11% 16% -5pp Net Profit 3 7 -55% Net Profit margin % 0.4% 0.6% -0.27pp
Slide 10: Impact of IAS 29 Inflation Accounting on 1Q25 Net Profit
Impact of IAS 29 Inflation Accounting on 1Q25 Net Profit Million ₺ Inflation Accounting Factors on Net Profit 43% 15% 1% 40% (100) (99.712) (34) (3) 233 232.944 (34.344) (3.116) (92) (92.406) 3 3.367 Net Profit w/o IAS 29 Inventory effect on COGS Monetary Gain / (Loss) Indexing and Other Changes Def
Slide 11: Strong Cash Position: Sustainable Cash Generation Capability – After IAS29
Strong Cash Position: Sustainable Cash Generation Capabiliy – After IAS29 Million ₺ Generated Cash From Operations Increase Decrease Total Summary of Cash Flow (Million ₺) 906 2024 End Cash 634 cash expense Generated Cash from COGS + G&A 144 Operations in 1Q25 326 Financial Net Income 5 Revenues Dec
Slide 12: Near to Zero Debt and Effective NWC Management – After IAS29
Near to Zero Debt and Effective NWC Management – After IAS29 CAPEX Million ₺ Net Working Capital CAPEX / LTM Revenues % Million ₺ 700 16.3% 18.0% 16.0% 600 14.0% 500 12.0% 400 10.0% 0.9% 2.3% 8.0% 300 6.0% 200 583 100 37 77 4.0% 2.0% - 0.0% 1Q24 2024 1Q25 Net Debt (excl. IPO Fund) Million ₺ Net Debt
Slide 13: Appendix
wa) Appendix
Slide 14: Income Statement for Jan – Mar 2025
Income Statement for 1 Jan – 31 Mar 2025 After IAS29 Before IAS29 Million ₺ 1Q25 1Q24 YoY % 1Q25 1Q24 YoY % Revenue 906 1,161 -22% 871 792 10% Cost of sales (-) (823) (993) -17% (688) (535) 29% Gross Profit 83 168 -50% 183 257 -29% General and administrative expenses (-) (42) (45) -7% (38) (28) 37%
Slide 15: Balance Sheet as of Mar 2025 (Assets)
Balance Sheet as of 31 Mar 2025 After IAS29 Before IAS29 Million Million ₺ ₺ 1Q25 2024 YoD % 1Q25 2024 YoD % ASSETS Current Assets Cash and cash equivalents 117 246 -52% 117 224 -48% Financial Investments 254 345 -27% 254 314 -19% Trade receivables 412 291 41% 412 265 56% Other receivables 0.4 0.5 -
Slide 16: Balance Sheet as of Mar 2025 (Liabilities)
Balance Sheet as of 31 Mar 2025 After IAS29 Before IAS29 Million ₺ 1Q25 2024 YoD % 1Q25 2024 YoD % LIABILITIES Short-Term Liabilities Short-term borrowings 5 26 -80% 5 23 -78% Short-term portion of long-term financial borrowings 97 143 -32% 97 130 -25% Payables from short-term rental transactions 5
Slide 17: Investor Relations Contact
yatirimciiliskileri@atakey.com.tr www.atakey.com.tr