Teknosa Ic Ve Dis Ticaret As · BIST:TKNSA
Teknosa Ic Ve Dis Ticaret As — Teknosa İç ve Dış Ticaret A.Ş. — Q3 2019 Earnings Presentation
16 slides from Teknosa Ic Ve Dis Ticaret As's earnings presentation, October 2019
Slide 1: Teknosa 3Q19 Results Investor Presentation
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Investor Teknosa İç ve Dış Ticaret A.Ş. Presentation 3Q19 Results «Turkey’s Leading Electronics Retailer» Ümit Kocagil, CFO H.Şenay Akıncı Özertan, Finance and Investor Relations Manager October , 2019 Genel
Slide 2: Agenda
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Agenda Results at a Glance Financial Overview Year-end Guidance 2 Genel
Slide 3: Main messages
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Teknosa continued to deliver ➢ Positive LfL consumer growth and overall Main top-line growth in 3Q19 basket size were the key drivers of %12,8 YoY top-line growth in 3Q19 messages Strong operational ➢ Revenue increase supported EBITDA, performance
Slide 4: Consumer Confidence Index
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Consumer ➢ Consumer confidence index improved on a monthly basis in August and rose to 58,3, up %3,1 compared to previous month. But it Confidence Index dropped to four-month low 55.8 in September, which shows that consumers still have a pessimisti
Slide 5: 3Q19 Results
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION 3Q19 ➢ 4 K sqm YoY change in Net Sales Area sales area, as a result Results (‘000 m2) 109 105 of operational efficiency review 3Q18 3Q19 ➢ Net sales increased by 12,8 % YoY in Net Sales Total 1.037 3Q19. 920 (TL mn) Revenues (M TL) 3Q18 3Q19 ➢ 1,8
Slide 6: Electronics Retail Market and Teknosa
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Electronics ➢ The panelmarket grew by 2,2% YoY, reaching TL 41,3 bn in 8M19 Retail Market ➢ YoY growth in MDA(AC included) by 23,3% and SDA by 16,6%, YoY contraction in CE+Photo+MTG by 3,2%, Telecom by %9,7 and IT by 10,3% and Teknosa ➢ TSS channel
Slide 7: Income Statement Summary
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION (TL mn ) 3Q18 2Q19 3Q19 YoY (%) 9M18 9M19 YoY (%) Income Net Sales 920 1.002 1.037 13% 2.617 2.880 10% Statement Gross Profit 179 178 184 3% 476 504 6% Summary Gross Profit Margin 19,5% 17,8% 17,8% -1,7pp 18,2% 17,5% -0,7pp EBITDAR 108 92 100 -8% 2
Slide 8: Growth trend in e-commerce revenues
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Growth trend in teknosa.com Revenues (TLmn) e-commerce revenues continues %22 %18 152 185 55 65 3Q18 3Q19 3M18 3M19 ➢ Teknosa.com revenues increased by %18, and reached TL 65M in 3Q19. ➢ Teknosa.com revenues showed a growth trend with the help of h
Slide 9: OPEX/Sales ratio
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION OPEX/Sales (%) OPEX/Sales ratio 15% 14% 14% 13% 9M18 9M19 3Q18 3Q19 ➢ Initiatives taken to exert downward pressure on operating expenses resulted in lower Opex/Sales ratio in 3Q19. ➢ Teknosa remains focused on effective management of operating expe
Slide 10: Working Capital and Cash Position
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Working Capital Requirement (TL mn) Working TL -100 mn TL -242 mn TL -237 mn Capital and WCR increased by TL 137 M YoY as a 496 656 616 Cash Position 84 88 74 result of an increase 680 986 927 in trade payables. 3Q18 2Q19 3Q19 T.Receivables Invento
Slide 11: Agenda
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Agenda Results at a Glance Financial Overview Year-end Guidance 11 Genel
Slide 12: Balance Sheet Summary
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Assets (in TL mn) Sep-18 Jun-19 Sep-19 Balance Current Assets Ca s h a nd Ca s h Equi va l ents 656 38 817 50 719 22 Tra de Recei va bl es 84 88 74 Sheet Inventori es 496 656 616 Other Current As s ets 38 23 7 Summary Non-current Assets 175 552 535
Slide 13: Agenda
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Agenda Results at a Glance Financial Overview Year-end Guidance 13 Genel
Slide 14: 2019 Full Year Financial Guidance
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION 2019 Full Year ➢ Due to uncertainties in global and domestic markets, we prefer to share Financial our 2019 guidance on a wide range Guidance ➢ Accordingly, we expect to see a high single digit or low double digit LfL growth for 2019 ➢ We expect ou
Slide 15: Thank You
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Thank You Contact Information: H.Şenay Akıncı Özertan– Finance and Investor Relations Manager +90 (216) 468 37 46 sozertan@teknosa.com IR web page: http://yatirimci.teknosa.com/homepage IR e-mail: yatirimciiliskileri@teknosa.com 15 Genel
Slide 16: Disclaimer
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Disclaimer The information and opinions contained in this document have been compiled or arrived at by Teknosa from sources believed to be reliable and in good faith, but no representation or warranty, expressed or implied, is made as to their accu
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