Slide 1: Pınar Süt Financial Presentation 2021-9M
Pınar Süt Financial Presentation 2021-9M
Slide 2: Contents
2021-9M CONTENTS PINAR SÜT AT A GLANCE HIGHLIGHTS MARKET DYNAMICS MARKET POSITION FINANCIALS OWNERSHIP STRUCTURE 1
Slide 3: Pınar Süt at a Glance
2021-9M PINAR SÜT AT A GLANCE 2
Slide 4: Highlights
2021-9M HIGHLIGHTS 1.9 %26.6 billion TL Turnover Net Sales Growth 28.7 237,022 million TL tons Net Profit Sales Volume 29.8 1,163 million TL Average Investment Number of Employees 3
Slide 5: Market Dynamics: Production and Cost
2021-9M MARKET DYNAMICS PRODUCTION AND COST Prices of food and non-alcoholic beverages increased by 3.18% in August, and the group's annual inflation increased by 4.08 points to 29.00%. Annual inflation increased by 6.72 points to 32.45% in unprocessed food, and to 25.82% in processed food, with a
Slide 6: Market Dynamics: Production of Dairy Products in Turkey
2021-9M MARKET DYNAMICS Production of Dairy Products in Turkey TURKSTAT, thousand tons 1,613 1,469 - The end of August 2021; ayran 2019 production increased by 15%, 719 1,136 1,113 yogurt production increased by 2020 671 3%. Cow cheese production 2020-8M remained at similar levels. Drinking 740 443
Slide 7: Market Dynamics: Consumption and Market
2021-9M MARKET DYNAMICS CONSUMPTION AND MARKET Share of Packaged Products Packaged Products Penetration IPSOS 59.7% 58.5% 96.6% 98.4% 96.7% 99.4% 46.4% 44.8% Milk Cheese Milk (UHT) Cheese 2020-H1 2021-H1 Dairy Products Market Turnover Breakdown Nielsen, ExcL. Discount Markets, Ayran 2021-9M 4% Butte
Slide 8: Market Position: Market Shares Based on Products
2021-9M MARKET POSITION Market Shares Based on Products Nielsen, 2021-9M, Excl. DM - In the dairy products market, Pınar Süt Product Share Position maintained its 13.4% market share as sales value Total UHT Milk 29.2% 1# (Nielsen, Excluding Discount Markets, 2021-9M). UHT Light Milk 45.0% 1# - Pınar
Slide 9: Market Position
2021-9M MARKET POSITION - Pınar Multi product won the “Taste Award” by the International Tate Institute. - Pınar Süt participated in the Anuga Fair that was the world's largest food and beverage fair, held in Cologne, Germany, between 9-13 October 2021, with plant-based frozen products produced in s
Slide 10: Financials
2021-9M FINANCIALS
Slide 11: Net Sales Breakdown
2021-9M FINANCIALS NET SALES BREAKDOWN *Other Based on 12% Product Groups Dairy Products 88% *Fruit juice, sauce, other Based on Export Sales 14% Channel Direct 1% YBP 85% 10
Slide 12: Income Statement
2021-9M FINANCIALS INCOME STATEMENT 01.01.21 01.01.20 (Million TL) 09.30.2021 09.30.2020 Difference Change Net Sales 1,876.1 1,482.1 393.9 26.6% Cost of Goods Sold (1,656.7) (1,291.6) (365.1) 28.3% Gross Profit 219.4 190.5 28.9 15.2% R&D Expenses (12.8) (11.3) (1.5) 13.4% Sales, Distribution and Mar
Slide 13: Sales and Profitability - Annually
2021-9M FINANCIALS SALES AND PROFITABILITY - ANNUALLY Net Sales Gross Profit million TL 30 0.0 15.6% 17.9% 12.9% 25 00 . 15.9% 12.9% 16.0% 12.2% 11.7% 14.0% 20 0.0 12.0% 262.1 10.0% 15 00 . 231.6 203.1 8.0% 2,028 1,876 219.4 1,488 1,665 1,482 10 0.0 191.1 196.8 190.5 6.0% 1,068 1,240 50 .0 4.0% 2.0%
Slide 14: Sales and Profitability - Quarterly
2021-9M FINANCIALS SALES AND PROFITABILITY - QUARTERLY Net Sales Gross Profit million TL 15.6% 2,028 12.2% 12.9% 1,665 11.8% 1,488 10.6% 8.7% 644 676 515 2018 2019 2020 Q2-21 Q3-21 Q3-20 2018 2019 2020 Q2-21 Q3-21 Q3-20 EBITDA Net Profit 7.7% 3.3% 2.1% 2.0% 5.1% 5.3% 1.4% 4.4% 0.3% 3.5% 2.0% -0.9% 2
Slide 15: Financial Ratios and Investments
2021-9M FINANCIALS FINANCIAL RATIOS 2017/12 2018/12 2019/12 2020/12 2021/09 Current Ratio 1.21 1.07 1.23 1.10 1.07 Leverage Ratio 0.43 0.44 0.42 0.45 0.51 Current Borrowings/Total Borrowings (Fin.) 0.64 0.81 0.44 0.74 0.82 Net Fin. Borrowings/EBITDA 1.70 1.14 1.62 2.85 4.13 Net Fin. Borrowings/Equit
Slide 16: Ownership Structure
2021-9M OWNERSHIP STRUCTURE Borsa Istanbul Symbol: PNSUT Market in Borsa Istanbul: Main Market First Transaction Date: February 3, 1986 Corporate Governance Rating: 9.33 15
Slide 17: Disclaimer and Contact Information
2021-9M DISCLAIMER AND CONTACT INFORMATON 16