Tat Gida Sanayi A.s. · BIST:TATGD
Tat Gida Sanayi A.s — Tat Gıda Sanayi A.Ş. — H1 2020 Earnings Presentation
11 slides from Tat Gida Sanayi A.s's earnings presentation, 2020
Slide 1: 2020 1H Financial Results
2020 1H Financial Results ry
Slide 2: Net Sales (TL Mn): A Strong Growth Story
Net Sales (TL Mn) A Strong Growth Story 1.200 1.142 1.042 1.000 960 +40% 879 822 800 745 600 533 400 200 0 2015 2016 2017 2018 2019 2019-H1 2020-H1 *Pastavilla business figures excluded from all years due to the discontinued operations.
Slide 3: Net Sales Breakdown by Product Group
Net Sales Breakdown by Product Group Strong growth in both categories; higher positive impact on Tat products Breakdown of Categories (TL Mn) Tomato Paste & Canned Food Montly Turnover +40% (TL Mn) 745 100 89 533 750 90 700 650 80 77 72 600 550 352 70 56 56 +26% 500 60 450 400 279 50 44 350 40 300 2
Slide 4: Net Sales Breakdown by Region
Net Sales Breakdown by Region Exports grew by 67% with new distribution agreements Exports (TL Mn) Export (%) +67% 80 67 7,6 9 70 60 40 2019-H1 2020-H1 50 40 30 20 10 Export Domestic 0 2019-H1 2020-H1 Pastavilla business figures excluded from all years due to the discontinued operations.
Slide 5: Gross & Operating Profit
Gross & Operating Profit Favorable product mix had a positive impact on profitability Gross Profit (TL Mn) Operating Profit (TL Mn) +45% +89% 12,9% 15, 0% 14, 0% 165 107 13, 0% 100 170 Gross Profit 12, 0% 11, 0% 96 10, 0% 7,3% 150 9,0 % 5,9% 9,3% 9,6% 80 8,0 % 130 114 7,0 % 6,0 % 5,0 % 110 60 70 4,0
Slide 6: EBITDA & Income Before Tax
EBITDA & Income Before Tax Profit Margins are well above previous years due to effective management of financial expenses EBITDA (TL Mn) Income Before Tax (TL Mn) +106% 120 110 +118% 107 12,6% 10,8% 100 13, 0% 100 11, 0% 9,4% 90 94 90 80 8,6% 7,0% 9,0 % 6,3% 80 6,5% 8,0 % 6,6% 81 5,1% 7,0 % 70 70 4,
Slide 7: Net Income (TL Mn)
Net Income (TL Mn) 61 mio TL Net Income Generated +83% 100 10, 0% 8,2% 8,2% 7,4% 90 8,0 % 80 6,4% 6,2% 70 5,8% 6,0 % 60 67 65 3,7% 66 61 61 4,0 % 50 2,0 % 40 39 33 30 0,0 % 20 -2,0% 10 0 -4,0% 2015 2016 2017 2018 2019 2019-H1 2020-H1 Net Income NI Margin
Slide 8: Net Financial Debt / EBITDA (TL Mn)
Net Financial Debt / EBITDA (TL Mn) EBITDA Net Financial Debt / Net Financial Financial Debt Cash (rolling) EBITDA (rolling) Debt 2015 70 1,0 89 18 71 2016 75 0,4 74 43 31 2017 63 1,5 110 13 97 2018-Q1 64 1,9 133 9 125 2018-H1 65 1,6 112 10 102 2018-Q3 47 3,0 182 40 142 2018 54 2,4 156 28 128 2019-Q
Slide 9: Financial Indicators
Financial Indicators Financial Ratios at healthy levels TL Mn 2018 2019 2019-H1 2020-H1 Current Ratio 2,60 2,84 3,04 2,62 Liquidity Ratio 1,63 1,61 2,40 1,97 Net Financial Debt/Equity 0,26 0,35 0,11 0,18 Working Capital (TL Mn) 394 542 366 507
Slide 10: Summary Balance Sheet (TL Mn)
Summary Balance Sheet (TL Mn) TL Mn 2015 2016 2017 2018 2019 2019-H1 2020-H1 Current Assets 491 500 563 641 780 768 938 Cash 18 43 13 28 10 212 181 Trade receivables 238 230 281 323 384 352 447 Inventories 193 203 232 238 338 161 234 Non-current Assets 163 191 223 223 247 244 221 Total Assets 1103 1
Slide 11: Thank You
THANK YOU Q)