Konfrut Tarim A.s. · BIST:KNFRT
Konfrut Tarim A.s — FY2023 Earnings Presentation
22 slides from Konfrut Tarim A.s's earnings presentation, 2023
Slide 1: Investor Presentation FY2023 Financial Results
Konfrut Investor Presentation FY2023 Financial Results KONFRUT INVESTOR PRESENTATION 2023
Slide 2: Contents
Contents • Highlights • Konfrut AG at a Glance • Market Dynamics • Konfrut AG Business Units • Operations • Consolidated Financial Results • Stock Performance KONFRUT INVESTOR PRESENTATION 2023 2
Slide 3: Highlights
Highlights • In 2023, consolidated sales grew by 5% in revenue, YoY, while sales Consolidated Financial Summary Sales volume increased slightly. 2023 • Having high growth potential the fresh fruit and vegetable export, which started at the end of the previous year, gained momentum ₺ 4.3 billion 5% 4
Slide 4: Konfrut AG at a Glance
Konfrut AG at a Glance Business Units In 2023; Agri Sourcing and Services 494 thousand tons 10,634 tons Leading the agricultural Agri Sourcing Supply Fresh Fruit and Vegetables Supply transformation 254 thousand tons 240+ Numbered Vehicle and Equipment Fleet* Turkey's largest industrial fruit Logist
Slide 5: Market Dynamics
Market Dynamics Food Prices Globally • The World Food Price Index announced by the Food and Agriculture Organization of the United Nations Food Price Index, World (Annually) (FAO) has a downward trend as of July 2023 with the (2014-2016=100) start of new harvests in the Southern hemisphere, 144.7 fo
Slide 6: Market Dynamics: Production and Cost in Turkey
Market Dynamics 2021 2022 2023 Production and Cost in Turkey 160 September 2022 138.2% 140 120 100 Agricultural Input Price Index 80 December 2021 45.6% December 2023 Annual Change Rate (%), December 2023 60 41.4% January 2021 40 18.5% • The Agricultural Input Price Index (Agri-GPI) peaked in 20 Sep
Slide 7: Market Dynamics: Production in Turkey and Fresh Fruit and Vegetable Exportation
Market Dynamics 2021 2022 2023 13.0 13.3 13.1 Production in Turkey Fresh Fruit and Vegetable Exportation Million tons Production Data With Selected Fruit and Vegetable Groups 4.8 4.6 4.5 3.9 3.4 3.1 2.3 2.3 1.5 1.3 1.7 1.5 0.7 0.7 0.7 1.3 0.5 1.3 1.3 0.6 0.7 0.6 0.5 0.5 Strawberry Pomegranate Apple
Slide 8: Konfrut AG Business Units
Konfrut AG Business Units Agri Sourcing Agri Hauling Logistics Green Energy Agri Input Products Transportation Pomace & Fertilizer Agri Trading Warehousing Packaging KONFRUT INVESTOR PRESENTATION 2023 8
Slide 9: Operations: Agri Sourcing Business Unit in 2023
Operations Agri Sourcing Business Unit in 2023 Fresh Fruit and Vegetable Export Breakdown (Volume Basis; tons) 67 13 Agri Sourcing Supply Pomegranate 208 440 • In 2023, Konfrut AG supplied 494 thousand 62 Watermelon tons of industrial agri sourcing. 1,564 Carrot • Turkey's largest-scale Organic/ Res
Slide 10: Operations: Logistics Business Unit in 2023
Operations Logistics Business Unit in 2023 Distribution of Hauling Service Volume Basis (Thousand Tons) 5 19 Dry Cargo Storage and Logistics Operations Cold Chain • Agricultural raw material and industrial product transportation, carried out under the Liquid Transportation Warehousing and Logistics
Slide 11: Operations: Industry Business Unit in 2023
Operations Industry Business Unit in 2023 • The use of digital agricultural devices was increased throughout the year. Digital agricultural devices were used in tomato, organic strawberry, black carrot, capia pepper, sugar beet and apple fields. The number of devices installed in this period reached
Slide 12: Consolidated Financial Results
Consolidated Financial Results 2023YE KONFRUT INVESTOR PRESENTATION 2023
Slide 13: Net Sales Improvement
Net Sales Improvement Net Volume (Thousand Tons) +3% Consistent Growth in Turnover and Volume • Konfrut's consolidated sales volume increased by 3%, 426 YoY. And reached 426 thousand tons. 413 • In terms of turnover, 5% growth was achieved with a +5% turnover of TL 4.3 billion. • In 2023, cost of go
Slide 14: Profitability
Profitability Gross Profit and Gross Profit Margin (Million TL) Profitability Figures Point to Growth while Margins Improved. +8% 403 400 372 10.0% • In 2023, Konfrut's gross profit was realized as 403 mn TL, 375 9.0% 9.4% 350 325 9.1% 8.0% YoY. 300 275 7.0% 250 • Operating expenses as a percentage
Slide 15: Profitability: Net Profit
Profitability Net Profit and Net Profit Margin (Million TL) 177% Increase in Net Profit for the Period 155 5.0% 150 +177% Return on Equity 4.0% 125 100 3.6% 3.0% 14.9% 75 56 2.0% 51 50 25 1.4% 1.0% 5.8% 0 0.0% 2022 2023 31.12.2022 31.12.2023 Net Profit (Million TL) Return on Assets 4,301 3,898 5.6%
Slide 16: Investments and Liabilities
Investments and Liabilities Investment Expenditures Distribution (Million TL) Continued Investment in Konfrut AG Due to High 1.7 mn TL 6.1 mn TL Growth and Profitability Potential. • In 2023, 108.7 million TL was invested on a consolidated basis. Land and Buildings Plant, Machinery and 40.6 mn TL Eq
Slide 17: Income Statement - Summary
Income Statement - Summary (Million TL) 2022 2023 Change Change (%) Net Sales 4,092.8 4,300.6 207.9 5.1% Cost of Sales (3,720.7) (3,898.1) (177.4) 4.8% Gross Profit 372.1 402.6 30.4 8.2% General Administrative Expenses (66.8) (88.9) (22.0) 33.0% Marketing Expenses (126.4) (131.1) (4.8) 3.8% Operatin
Slide 18: Balance Sheet - Summary
Balance Sheet - Summary (Million TL) 31.12.2022 31.12.2023 Current Liabilities 2,255.7 1,993.3 Cash and Cash Equivalents 5.7 33.0 Trade Receivables 538.3 431.3 Inventories 1,154.2 1,006.4 Non-Current Assets 621.5 647.1 Total Assets 2,877.2 2,640.4 Current Liabilities 1,657.6 1,406.2 Short Term Finan
Slide 19: Financial Ratios
Financial Ratios 2022 2023 Gross Profit Margin 9.1% 9.4% EBITDA Margin 6.0% 6.3% Net Profit Margin 1.4% 3.6% Current Ratio 1.4 1.4 Acid Test Ratio 0.7 0.7 Return on Assets (ROA) 1.9% 5.6% Return on Equity (ROE) 5.8% 14.9% KONFRUT INVESTOR PRESENTATION 2023 1919
Slide 20: Stock Performance
Stock Performance Konfrut Stock Price Developments Public Offering Date 10.06.1996 Issued Capital TL 264,000,000 Ticker Symbol KNFRT Free Float Rate 22.38% Stock Price TL (31.12.2022 - 31.12.2023) 7.55 - 9.14 Market Value TL 2,412,960,000 Change in Market Value in the year 2023 +21% Market in Borsa
Slide 21: Legal Disclaimer
Legal Disclaimer Information about Konfrut Gıda Sanayi ve Ticaret A.Ş. (Konfrut Gıda) and its 100% subsidiary Konfrut AG Tarım A.Ş. (Konfrut AG), the financial statements’ analysis and current views on possible future events are included in this presentation. Although, it is considered that the info
Slide 22: Investor Relations Department
INVESTOR RELATIONS DEPARTMENT Sinan Yiğit Yakut – Investor Relations Director Cemre Ekici Bayram – Investor Relations Manager Phone: +90 216 545 68 68 E-mail: yatirimci@konfrutag.com.tr Investor Relations Web Site KONFRUT INVESTOR PRESENTATION 2023