Anadolu Efes Biracilik Ve Malt Sanayii A.s. · BIST:AEFES
Anadolu Efes Biracilik Ve Malt Sanayii A.s — Anadolu Efes Biracılık ve Malt Sanayii A.Ş. — Corporate Update (April 2020)
11 slides from Anadolu Efes Biracilik Ve Malt Sanayii A.s's corporate update, Apr 16, 2020
Slide 1: Initial Impact Assessment of COVID-19 on Beer Operations
INITIAL IMPACT ASSESSMENT OF COVID-19 ON BEER OPERATIONS 16.04.2020
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation may contain certain forward-looking statements concerning our future performance and should be considered as good faith estimates made by the Company. These forward-looking statements reflect management expectations and are based upon currently available
Slide 3: A lot of measures taken by the governments
A lot of measures taken by the governments… In all operations • Ban on flights • Ban on public events • Ban on sales in On-Trade sales points • Closure of schools and universities • Ban on cultural events, museums, sports events • Advisory announcements from governments to #STAYHome In Turkey: Quara
Slide 4: Health & well-being of our employees are our priority
Health & well-being of our employees are our priority… Safety & Well-Being General • Employees health checks, new hygiene & health rules are introduced. • Online trainings generated to adapt our employees to the new work & life conditions. Sales teams • Equipped with masks, gloves and sanitizers to
Slide 5: Emergency actions are standardized and tracked across all operations
Emergency actions are standardized and tracked across all operations… Production • No interruption in production • Cross brewing plan in place • Revised demand plan Route-to-Market • Switched to alternative order taking where necessary, e.g. Tele sales etc. • Field visit to assure stocks but with le
Slide 6: Launched additional cost and spend optimizations
Launched additional cost and spend optimizations… Business Continuity Management • All breweries are operational with no interruption • On Trade is closed across all markets with different impacts • Share of on-trade in Turkey is ~25% • Share of on-trade in Russia is low-to-mid-single digit and high
Slide 7: Preparing number of scenario analysis considering potential risks
Preparing number of scenario analysis considering potential risks… Potential Risks Impact & duration of pandemic • Impact on 2Q • Prolongation of on-trade ban More and stricter measures by governments • Extended lock down decisions Increased impact on economy and consumer spend • Decrease in househo
Slide 8: Strictly monitoring available cash & cash needs
Strictly monitoring available cash & cash needs… Cash & Debt Management Cash • Current cash balances more than cover short-term debt obligations due in next 12 months • Cash deposited to various banks and continuously monitored • 78% of cash is held in hard currency Debt • No long-term refinancing n
Slide 9: Closely reviewing risk mitigating tools
Closely reviewing risk mitigating tools… FX & Commodity & Collection Risk Management FX Exposure • 86% hedge coverage ratio for short-term FX exposure in Turkey (including COGS, OPEX and interest) • The average hedge rate for our 2020 FX exposure in Turkey for USD is 5.82 • 100% operational hedge co
Slide 10: Increased our Stakeholder Support
Increased our Stakeholder Support… On Trade / Community Support Turkey • In cooperation with Ahbap Association shopping cards to be provided to +7000 impacted employees and their families to support restaurant and bar staff. Georgia • Support total of 500 barmen's and waiters who lost their jobs due
Slide 11: Q&A Session Appendix
Q&A SESSION APPENDIX N. Orhun Köstem Chief Financial Officer
Anadolu Efes Biracılık ve Malt Sanayii A.Ş. — Corporate Update (April 2020) on 6ix