Migros Ticaret A.S. · BIST:MGROS
Migros Ticaret A.S — H1 2012 Earnings Presentation
7 slides from Migros Ticaret A.S's earnings presentation, August 2012
Slide 1: Migros Ticaret A.Ş. 1H 2012 Financial Results
Migros Ticaret A.Ş. 1H 2012 Financial Results August 2012
Slide 2: Disclaimer Statement
Disclaimer Statement Migros Ticaret A.Ş. (the “Company”) has prepared this presentation for the sole purpose of providing information about its business, operations and financial results. The information in this presentation is subject to updating, revision and amendment. The information in this pre
Slide 3: Contents
CONTENTS P2 Sales Expansion Financial Guidance Overview
Slide 4: Sales in 1H 2012
1 Sales in 1H 2012 Accelerated top-line growth reaching 13.9% for the first half of 2012 versus last year. P3 Consolidated sales reached TL 3 billion. International operations revenue increased by 20.8% to TL 189 million. Quarterly Sales Sales (TL million) (TL million) Construction Construction 1,55
Slide 5: Expansion: Accelerated Store Openings
2 Expansion : Accelerated Store Openings P4 Sales Area Split by Format –1H 2012 The total number of stores reached 840 by opening 108 stores, including 105 supermarkets, 2 hypermarkets and 1 Ramstore in 1H 2012. 65% Migros The expansion program is revised and the number of store openings are inc
Slide 6: Financial Overview in 1H 2012
3 Financial Overview in 1H 2012 Solid Gross Profit Generation Solid EBITDA Generation P5 Gross profit increased by 15.2% y-o-y to TL EBITDA increased by 10.0% y-o-y to TL 196 799 million, which corresponds to a margin of million. 26.6% in 1H 2012. Albeit continuing investment in pricing especi
Slide 7: Guidance 2012 and Medium Term
4 Guidance 2012 and Medium Term Sales growth: Double digit sales growth is targeted in 2012 and 2013 P6 Gross profit: Full Year Gross margin range 25.5% – 26.0% EBITDA margin: Full year EBITDA margin range 6.0% – 6.5% Expansion target: 150 supermarkets and 2 hypermarkets Present cities Citie