Ulker Biskuvi Sanayi A.s. · BIST:ULKER

Ulker Biskuvi Sanayi A.s — Q4 2015 Earnings Presentation

12 slides from Ulker Biskuvi Sanayi A.s's earnings presentation, Mar 3, 2016

  1. Slide 1: Turkey's Largest Food Company – Fourth Quarter 2015 Financial Results

    “Turkey’s Largest Food Company” Fourth Quarter 2015 Financial Results March 3, 2016 Borsa Istanbul: ULKER ULKER.TI (Bloomberg) | ULKER IS (Reuters) www.ulkerbiskuvi.com.tr

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains information and analysis on financial statements and is prepared for the sole purpose of providing information relating to Ülker. This presentation contains forward-looking statements which are based on certain expectations and assumptions at the time of publica

  3. Slide 3: Turkey Macro Economic Overview

    Turkey Macro Economic Overview GDP Growth (%) 2014 GDP Growth of 2.9% 5,3 5,1  GDP grew by 4.0% in 3Q15 thanks to 4,7 4,6 3,1 3,1 4,3 3,8 4,0 government spending &household 2,8 2,4 2,7 2,5 1,5 1,3 1,8 spending  Industrial Production was up by 3.1% 2011 Q4 2012 Q1 2012 Q2 2012 Q3 2012 Q4 2013 Q1 20

  4. Slide 4: Market Growth

    Market Growth  Confectionery market expanded by 1.9% in 2015 Source: ACNielsen  Biscuit market continued to grow in 2015 with a growth of 3.1%  Chocolate market contracted by 1.2% in 2015  Cake market posted a growth of 4.3% in 2015 4

  5. Slide 5: Breakdown of Net Sales (Volume)

    Breakdown of Net Sales Breakdown of Sales Volume (Tons)  Consolidated sales volume was up by 0.3% in 4Q15 attributable to: Cake 480.605 Chocolate 461.567 Biscuit  Betterment at domestic sales 67.607 65.235  Higher Biscuit & Cake Sales 149.890 137.052 126.502 126.164  Domestic sales volume was up

  6. Slide 6: Breakdown of Net Sales (Revenue)

    Breakdown of Net Sales Breakdown of Sales Revenue (TL mn)  Consolidated sales revenue was up by 12.0% in 4Q15 primarily as a result of: Other Cake 2,891.2 3,075.1 Chocolate Biscuit 11,6  Carry on price increases & downsizings 24,7 391,7 impact 363,6 1.402,1 1.345,7  Mix impact 768.0 860.0  Avera

  7. Slide 7: Gross Profit & EBITDA

    Gross Profit & EBITDA Gross Profit (TL mn) Margin 21.7% 20.8% 21.0% 21.7%  Gross profit increased by 7.6% to TL 179.0 mn in 4Q15 666,7 607,7  Gross margin contracted by 0.9 pp to 20.8% due to; • Rising input costs 166,3 179,0  EBITDA grew by 21.7% to TL 117.4 mn in 4Q15 4Q2014 4Q2015 2014 2015 

  8. Slide 8: FX and Net Profit

    FX and Net Profit Net Foreign Exchange Gain/Loss  Net foreign exchange gain was TL 14.3 (TL mn) 4Q 2014 4Q 2015 2014 2015 mn in 4Q15 Net Foreign Exchange Gain/Loss From Operations 0.2 0.6 4.2 6.9 • TL 295 mn of short FX position as of Net Foreign Exchange December 31, 2015 Gain/Loss From Investment

  9. Slide 9: Cash Cycle and Net Debt

    Cash Cycle and Net Debt  Cash Cycle of 34 days in 2015 Net Debt (TL mn)  Net debt stands at TL 364 mn, 364 301 as of December 31, 2015 102 96 55 2011 2012 2013 2014 2015 9

  10. Slide 10: pladis: Promise happiness to the world with every bite

    pladis: Promise happiness to the world with every bite Ulker International United Kingdom FMC – Saudi Arabia Ülker Bisküvi FDM Business Northern Europe Hi – Food - Egypt Ülker Çikolata Nigeria Hamle - Kazakhstan Biskot India Istanbul Gıda - Export CCC Saudi Arabia ME & NA 10

  11. Slide 11: Questions & Answers

    “Turkey’s Largest Food Company” Questions & Answers 11

  12. Slide 12: Ülker contact address and investor relations details

    Kısıklı Mahallesi Ferah Caddesi No:1 34692 B. Çamlıca / Üsküdar / İstanbul Türkiye For more information, please contact us + 90 (216) 524 25 56, or email us at ir@ulker.com.tr www.ulkerbiskuvi.com.tr

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