Aygaz Anonim Sirketi · BIST:AYGAZ

Aygaz Anonim Sirketi — Aygaz — Q4 2015 Earnings Presentation

15 slides from Aygaz Anonim Sirketi's earnings presentation, Feb 12, 2016

  1. Slide 1: AYGAZ 4Q 2015 Results

    AYGAZ 4Q 2015 Results February 12th, 2016

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains forward-looking statements that reflect the company management’s current views with respect to certain future events. Although it is believed that the expectations reflected in these statements are reasonable, they may be affected by a variety of variables and c

  3. Slide 3: Highlights- 4Q 2015 (Operational)

    Highlights- 4Q 2015  Operational  In 4Q, total LPG sales is 492 thousand tons (1% YoY)  Domestic LPG sales is 281 thousand tons (6% YoY)  Total trading volume is 210 thousand tons (-5% YoY)  As of November 2015 Aygaz cylinder and autogas market shares were 42.2% and 25.1% respectively (42.9% an

  4. Slide 4: Highlights- 4Q 2015 (Financial)

    Highlights- 4Q 2015  Financial  Sales revenues is 1,606 million TL (down by 95 m TL)  Operating profit is 95 million TL (up by 117 m TL)  EBITDA is 116 million TL (up by 117 m TL)  Net profit is 146 million TL (up by 144 m TL)  Sales revenue contraction is because of lower LPG prices.  Operat

  5. Slide 5: Aygaz LPG Sales

    Aygaz LPG Sales 700 581 600 501 492 486 483 500 241 400 213 210 221 239 (000) ton 300 239 200 191 190 173 157 100 8 8 7 8 9 83 78 89 94 83 0 cylinder bulk auto other  4Q sales volumes were realized as:  190 thousand tons in Autogas (10% YoY)  83 thousand tons in Cylinder Gas (-0.7% YoY) EMRA , Ay

  6. Slide 6: LPG- price and tax

    LPG- price and tax* 7.000  6.000 5.000 Average listed selling price for auto gas TL/ton 4.000 3.000 decreased by 5% (YoY) 2.000 while cylinder gas’ 1.000 stayed the same. 0 cylinder selling price autogas selling price 2.500 2.000  Refinery prices 1.500 decreased by 15% (YoY) TL/ton 1.000 due to co

  7. Slide 7: Net Sales (m TL)

    Net Sales (m TL) 1,851 1,700 1,606 1,523 1,440  While domestic sales volume increased by 6% YoY; consolidated Sales Revenues is reported as 1,606 million TL (-6% YoY) due to lower LPG prices. 5 ‹#›

  8. Slide 8: Gross Profit (m TL)

    Gross Profit (m TL) 14,0% 200 12 % 180 12,0% 11 % 10 % 160 10 % 10,0% 140 120 8,0% 7% 100 187 6,0% 162 80 146 181 4,0% 118 60 40 2,0% 20 0,0% 0 Gross profit Gross profit margin  Gross Profit was realized as 187 million TL (58% YoY).  Gross Profit Margin is 12%. 6 ‹#›

  9. Slide 9: Operating Profit (m TL)

    Operating Profit (m TL) 120 %7 Million TL 6% 100 %6 %5 80 4% %4 60 3% 3% 95 %3 40 60 %2 56 20 39 %1 0 %0 -20 -22 -% 1 -1 % -40 -% 2 Operating profit Operating profit margin  In 4Q 2015;  Operating Profit is 95 million TL.  OP margin is 6% up by 7 points (YoY). 7 ‹#›

  10. Slide 10: Net Profit (m TL)

    Net Profit (m TL) 250 9% %10 Million TL %9 200 7% %8 6% %7 150 %6 %5 4% 100 %4 146 %3 50 107 113 %2 53 %1 0% 2 0 %0 Net Profit Net profit margin  Net Profit is 146 million TL and Net Profit Margin is 9%.  Positive performance of both core activities and investments accounted under equity method re

  11. Slide 11: EBITDA (m TL)

    EBITDA (m TL) 140 %8 %7 Milyon TL 120 %7 %6 100 %5 %4 %5 80 %4 %4 60 116 %3 40 78 82 61 %2 20 %1 0 %0 %0 -0 -20 -% 1 Vafök Vafök marjı  In 4Q 2015;  EBITDA is 116 million TL, EBITDA Margin is 7%. 9 ‹#›

  12. Slide 12: Net Cash (m TL)

    Net Cash (m TL) 0 Million TL -50 -100 -150 -200 -204 -250 -263 -300 -283 -297 -350 -349 -400  Net debt position is 263 million TL as of 31 December 2015. Net debt figure decreased as operating profit figure increased. 10 ‹#›

  13. Slide 13: Income Statement- Summary

    Income Statement- Summary (million TL) 4Q 15 3Q 15 Change % 4Q 15 4Q 14 Change % Sales Revenues 1,606 1,851 -%13 1,606 1,700 -%6 Gross Profit 187 181 %4 187 118 %58 Operating Profit 95 60 %57 95 -22 - Profit Before Tax 164 122 %34 164 0.7 - Net Profit 146 113 %29 146 2 - EBITDA 116 82 %42 116 -0.4 -

  14. Slide 14: Balance Sheet-Summary

    Balance Sheet-Summary (million TL) 12M 15 12M 14 Cash & Cash Eq. 289 161 Trade Receivables 483 390 Inventories 186 110 Prop.Plant&Equipment 651 585 Participations 1,867 1,677 Total Assets 3,916 3,412 Financial Debt 551 365 Trade Payables 372 319 Total Equity 2,610 2,359 Total Liabilities & Equity 3,

  15. Slide 15: Contacts

    Contacts investor@aygaz.com.tr Ferda Erginoğlu, CFO E-mail: ferda.erginoglu@aygaz.com.tr Phone: +90 212 354 1733 Şebnem Yücel, Finance Manager E-mail: sebnem.yücel@aygaz.com.tr Phone: +90 212 354 1510 Selin Sanver, Investor Relations Manager E-mail: selin.sanver@aygaz.com.tr Phone: +90 212 354 1659

Aygaz — Q4 2015 Earnings Presentation on 6ix