Konfrut Tarim A.s. · BIST:KNFRT
Konfrut Tarim A.s — FY2022 Earnings Presentation
26 slides from Konfrut Tarim A.s's earnings presentation, 2023
Slide 1: Investor Presentation FY2022 Financial Results
Konfrut Investor Presentation FY2022 Financial Results KONFRUT INVESTOR PRESENTATION 2022
Slide 2: Contents
Contents • Highlights • Konfrut AG at a Glance • Organizational Structure and Human Resources • Market Overview • Market Dynamics • Operations • Investments • Developments in the 2022-Q4 • Consolidated Financial Results • Stock Performance KONFRUT INVESTOR PRESENTATION 2022 2
Slide 3: Highlights
Highlights 2.2 billion ₺ 167% Net Sales Net Sales Founded with the mission of «Agri Sourcing Redefined», Konfrut AG has Growth achieved strong financial results on a consolidated basis, focusing on the agricultural sector and creating end-to-end supply chain. Consolidated Financial Summary for 250.0
Slide 4: Konfrut AG at a Glance
Konfrut AG at a Glance Main Business Units In the year 2022; Approximately Agri Sourcing and Services 528K tons 40K decares 20+ Agri Sourcing Supply Contracted Agricultural Variety of Fruits Areas and Vegetables Leading the Agricultural Transformation 148K tons 130+ Numbered Vehicle and Equipment Fl
Slide 5: Organizational Structure and Human Resources
Organizational Structure and Human Resources Can Aydemir Kerim Aydemir Bilsay Bilge Chairman Vice Chairman Board Member Board of Directors Burak Öztürk – General Manager Organization Chart & Board of Directors Agri Sourcing Logistics Industry Operational and Administrative Departments • The professi
Slide 6: Market Overview
Market Overview Global Agriculture Sector Area of Agricultural Lands in the World World Production of Crops, Main Commodities 50 km² 38% 38% 49 km² Billion tonnes 37% 48 km² 37% 47 km² 36% 46 km² 36% Square Measure (million km²) Ratio of Agricultural Land (%) The Importance of the Agricultural Secto
Slide 7: Market Overview
Market Overview Global Agriculture Sector Food Safety at Risk Food Price Index, World • According to the studies; agriculture- (2014-2016=100) based growth, struggle to reduce 143.7 146.0 poverty and food security are at risk. 136.0 • Urbanization and accelerating 126.0 climate change increase the f
Slide 8: Market Dynamics
Market Dynamics 2021 2022 Production and Cost in Turkey 160 %138 140 120 100 Agricultural Input Price Index 80 %103 Annual Change Rate (%), December 2022 %57 60 • Agricultural Input Price Index rose by +103% in 40 %19 December 2022, YoY. 20 • According to the sub-group of Agricultural Input 0 Price
Slide 9: Market Dynamics
Market Dynamics Production in Turkey 2020 2021 2022 13.2 13.113.0 Production Data Million tons With Selected Fruit and Vegetable Groups 4.5 4.3 4.8 3.9 3.5 3.4 1.5 1.7 1.3 1.5 0.70.7 0.6 0.7 1.2 1.3 1.3 0.5 0.5 0.6 1.4 1.3 0.5 0.6 0.5 0.6 0.8 Strawberry Pomegranate Apple Lemon Orange Pear Watermelon
Slide 10: Operations
Operations Agri Sourcing Business Unit in 2022 Organic Strawberry Project Sustainable Agricultural Projects • Contracted with farmers • 6,000 hectares cultivated land • Turkey's largest scale organic • In Balıkesir, Çanakkale, Manisa and Konya strawberry project was realized. • Within the scope of t
Slide 11: Operations
Operations Agri Sourcing Business Unit in 2022 Agri Sourcing Supply • In 2022, 528k tons agri sourcing origination was supplied by Konfrut AG. • Within the scope of contracts; the Company supports the development of farmers by providing training on agricultural issues, in addition to the support for
Slide 12: Operations
Operations Logistics Business Unit in 2022 Storage and Agri Sourcing and Logistics Operations Product Hauling Distribution of Hauling Service • Within the scope of Storage and • By the end of the year, 31.1k tons of raw Logistics activities, 148.4k tons of agri materials and products were transporte
Slide 13: Operations
Operations Industry Business Unit in 2022 Industrial Products Konfrut Gıda Source of Manufactured Pallets and Services Fruit and Vegetables Process • 123,574 numbered pallet sales • Concentrate and puree are realized. produced in Denizli-Akkent Facility. • With the 17,504 m³ forest tender, an advant
Slide 14: Investments
Investments Focused on Konfrut AG’s Investments Due to High Growth Potential. In 2022; Storage and Logistics Tea Pelleting Digital Agriculture Investments Investment Investments • 38.6 million TL investment for tow trucks and • For the latest technology, investments in • Located in Iyidere, Rize spe
Slide 15: Developments in the 2022-Q4
Developments in the 2022-Q4 Konfrut AG Continues to Diversify Its Product Portfolio and Initiatives. Cereal Plant Group Products Procurement Begins in the Added to Portfolio Field of Renewable Energy • As of October 2022, Konfrut AG started to produce 850 tons • In accordance with the zero waste pri
Slide 16: Consolidated Financial Results
Consolidated Financial Results Year 2022 KONFRUT INVESTOR PRESENTATION 2022
Slide 17: Net Sales Growth
Net Sales Growth Net Sales (Million TL) Strong Growth in Volume and Turnover Basis +167% 2,167 Net sales on a consolidated basis in 2022 compared to the last year; +101% • Inrease 6% in volume 811 810 684 • Increase 167% turnover 464 273 341 209 Sales Volume (000 Tons) 2020 2021 2022 Q1-2022 Q2-2022
Slide 18: Profitability
Profitability Gross Profit and Gross Profit Margin (Million TL) Increase in Gross and Operational Profit +241% 30% In a year of cost increases, growth in turnover and recovery in 184 30% operating expenses supported profit margins. 322 +188% 25% 20% 161 138 19% In 2022 EBITDA, YoY; 16% 20% 15% 12% 1
Slide 19: Profitability
Profitability Net Profit and Net Profit Margin (Milyon TL) Substantial Growth in Net Profit +153% 18% 69 18% With Konfrut AG's growth potential and strong operational 11% 16% 129 performance, its net profit grew by 153% on a consolidated 14% 46 12% basis in 2022, YoY. 9% 9% 10% The company has a str
Slide 20: Investments and Liabilities
Investments and Liabilities Investment Expenditures Distribution (Million TL) Growth Focused Investments Buildings The company continues to grow and invest, and most of 5 5 Plant, Machinery and Equipment the investments are financed by financial loans. 20 19 Motor Vehicles Fixtures Financial Debts D
Slide 21: Income Statement - Summary
Income Statement - Summary (Million TL) 2021 2022 Change Change (%) 4Q-2021 4Q-2022 Change Change (%) Net Sales 811.4 2,167.2 1,355.7 167.1% 340.8 684.0 343.2 100.7% Cost of Sales (716.9) (1,845.2) (1,128.3) 157.4% (303.0) (575.4) (272.4) 89.9% Gross Profit 94.5 321.9 227.4 240.5% 37.8 108.6 70.9 18
Slide 22: Balance Sheet - Summary
Balance Sheet - Summary (Million TL) 31.12.21 31.12.22 31.03.22 30.06.22 30.09.22 Current Liabilities 589.5 1,233.5 729.3 879.7 1,210.7 Cash and Cash Equivalents 3.5 3.5 13.6 7.9 21.3 Trade Receivables 167.0 326.7 286.1 316.4 408.6 Inventories 276.7 568.6 278.8 275.5 448.6 Non-Current Assets 97.3 19
Slide 23: Financial Ratios
Financial Ratios (Million TL) 2020 2021 2022 Gross Profit Margin 20% 12% 15% EBITDA Margin 14% 8% 12% Net Profit Margin 9% 6% 6% Current Ratio 1.33 1.26 1.23 Acid Test Ratio 0.71 0.67 0.66 Short-Term Financial Borrowings/Total Financial Borrowings 1.00 0.95 0.85 Net Financial Borrowings/Equity 0.31
Slide 24: Stock Performance
Stock Performance Konfrut Stock Price Developments Public Offering Date June 10, 1996 7000 15.37 18 Issued Capital TL 132,000,000 6000 16 Ticker Symbol KNFRT 14 5000 12 Free Float Rate 22.39% 4000 10 Stock Price TL 4.58 - 15.37 (December 31, 2021 - December 31, 2022) 3000 8 6 Market Value TL 2,028,8
Slide 25: 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 26: Investor Relations Department
INVESTOR RELATIONS DEPARTMENT Sinan Yiğit Yakut – Investor Relations Manager Cemre Ekici Bayram – Investor Relations Team Leader Phone: +90 216 545 68 68 E-mail: yatirimci@konfrutag.com.tr Investor Relations Web Sites KONFRUT INVESTOR PRESENTATION 2022