Atakey Patates Gida Sanayi Ve Ticaret As · BIST:ATAKP
Atakey Patates Gida Sanayi Ve Ticaret As — Atakey Patates — FY2024 Earnings Presentation
19 slides from Atakey Patates Gida Sanayi Ve Ticaret As's earnings presentation, Mar 3, 2025
Slide 1: 2024 Year End & 4Q24 Results Presentation
ATAKEY PATATES 2024 Year End & 4Q24 Results Presentation 3 March, 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: Financial Performance for 2024 (Million ₺)
Financial Performance for 2024 (Million ₺) Revenues Operating Profit Before IAS 29 ₺ 2,761 M %38 yoy Before IAS 29 ₺ 1,025 M %28 yoy After IAS 29 ₺ 3,254 M -12% yoy After IAS 29 ₺ 644 M -39% yoy EBITDA Net Profit Before IAS 29 ₺ 832 M %22 yoy Before IAS 29 ₺ 1,028 M %66 yoy After IAS 29 ₺ 562 M -39%
Slide 4: Strengthening Supply Chain & Expanding Product Portfolio
Strengthening Supply Chain & Expanding Product Portfolio Strong Harvest and Production Performance Production K Tonnes 66.7 • Harvested 127K tons of raw potatoes, securing a stable supply chain to 12% support future growth 59.7 • Additionally, harvested 3K tonnes of onions for new production line, f
Slide 5: Resilient Sales Growth in a Challenging Macroeconomic Environment
Resilient Sales Growth in a Challenging Macroeconomic Environment Market Leadership and Sales Growth K Tonnes Served over 3,300+ QSR Locations in Türkiye and Globally 62.9 • Strategic positioning of product portfolio 4% and operational agility to adapt to shifting 60.7 demand dynamics throughout the
Slide 6: Achieving Growth in Both Local & International Markets
Achieving Growth in Both Local & International Markets Through Diversified Channel Growth Balanced Growth Strategy YE 2024 • Sales to TAB Gıda reached 40.8K tonnes by YE reprenting Third-party sales and exports 65% of Sales accounted for 35% of total sales, • Third-party sales increased to 37%, reac
Slide 7: Achievements on Sustainability by 2024
Achievements on Sustainability by 2024 Environmental Improvements Stakeholder Involvement Commitment, Certification and Reporting Signatory of 19.38% of total energy the United Nations consumption was covered Stakeholder Survey Women's by the I-REC Certificate and Empowerment Prioritization Analysis
Slide 8: 2025: Driving Growth Through Strategic Farming, Production and Market Diversification
2025: Driving Growth Through Strategic Farming, Production and Market Diversification Key Strenghts Priorities for 2025 ✓ Optimized Production and Supply Chain Planning Integrated Farming Excellence o Targeting a harvest around 115,000 tonnes of raw potatoes o Prioritizing existing stock sales to en
Slide 9: 2024 Financial Results Overview
2024 Financial Results Overview 9
Slide 10: Performance in 4Q24 and 2024 Before IAS 29
Performance in 4Q24 and 2024 Before IAS 29 - Inflation Accounting 4Q24 YoY% 2024 YoY% Million ₺ Revenues 568 2% 2,761 38% Operational Profit 179 -32% 1,025 28% Operational Profit margin % 31% -15pp 37% -3pp EBITDA 151 -5% 832 22% EBITDA margin % 26% -2pp 30% -4pp Net Profit 268 -16% 1,028 66% Net Pr
Slide 11: Performance in 2024 After IAS 29
Performance in 2024 After IAS 29-Inflation Accounting Million ₺ 2024 2023 YoY% YoY % Revenues 3,254 3,679 -12% Operational Profit 644 1,055 -39% Operational Profit 20% 29% -9pp margin % EBITDA 562 920 -39% EBITDA margin % 17% 25% -8pp Net Profit 183 427 -57% Net Profit margin % 6% 12% -6pp 11
Slide 12: Impact of IAS 29 Inflation Accounting on 2024 Net Profit
Impact of IAS 29 Inflation Accounting on 2024 Net Profit Million ₺ Inflation Accounting Effects on Net Profit 45% 20% 5% 30% -381 -170 1,028 -39 -255 183 Net Profit w/o IAS 29 Inventory Effect on COGS Monetary Gain / (Loss) Others Deferred Tax Income Net Profit w IAS 29 12
Slide 13: Strong Cash Position: Sustainable Cash Generation Capability
Strong Cash Position: Sustainable Cash Generation Capability – After IAS29 Million ₺ Generated Cash From Operations Increase Decrease Total Summary of Cash Flow Million ₺ 3254.0 cash expense 2023 End Cash 1,265 COGS + G&A Generated Cash from 452 Increase Decrease Operations in 2024 in in Decrease Re
Slide 14: Near-Zero Debt and Effective Net Working Capital Management
Sıfıra Yakın Borç ve Etkili Net İşletme Sermayesi Yönetimi– TMS29 Sonrası CAPEX Million ₺ Net Debt (excl. IPO Fund) Million ₺ CAPEX / LTM Revenues % Net Debt / LTM EBITDA 600 16.3% 18% 16% 500 1.48 1,200 1.60 14% 400 12% 10% 1.40 300 530 08% 1,000 2.7% 2.6% 200 06% 04% 1.20 100 83 96 02% 800 0 00% 2
Slide 15: Appendix
wa) Appendix
Slide 16: Income Statement for Jan – Dec 2024
Income Statement for 1 Jan – 31 Dec 2024 After IAS29 Before IAS29 Million ₺ 2024 2023 YoY % 2024 2023 YoY % Revenue 3,254 3,679 -12% 2,761 1,998 38% Cost of sales (-) (2,751) (2,752) 0% (1,877) (1,294) 45% Gross Profit 503 927 -46% 884 704 26% General and administrative expenses (-) (143) (119) 20%
Slide 17: Balance Sheet as of Dec 2024 (Assets)
Balance Sheet as of 31 Dec 2024 After IAS29 Before IAS29 Million Million ₺ ₺ 2024 2023 YoY % 2024 2023 YoY % ASSETS Current Assets Cash and cash equivalents 224 1,265 -82% 224 876 -74% Financial Investments 314 - 0% 314 - 0% Trade receivables 265 282 -6% 265 196 35% Other receivables 0.4 2.4 -82% 0
Slide 18: Balance Sheet as of Dec 2024 (Liabilities)
Balance Sheet as of 31 Dec 2024 After IAS29 Before IAS29 Million ₺ 2024 2023 YoY % 2024 2023 YoY % LIBILITIES Short-Term Liabilities Short-term borrowings 23 537 -96% 23 372 -94% Short-term portion of long-term financial borrowings 130 249 -48% 130 172 -24% Payables from short-term rental transactio
Slide 19: Investor Relations Contact
yatirimciiliskileri@atakey.com.tr www.atakey.com.tr