Teknosa Ic Ve Dis Ticaret As · BIST:TKNSA

Teknosa Ic Ve Dis Ticaret As — Teknosa İç ve Dış Ticaret A.Ş. — Q1 2024 Earnings Presentation

14 slides from Teknosa Ic Ve Dis Ticaret As's earnings presentation, 2024

  1. Slide 1: Q1 2024 Earnings Results Presentation

    Q1 2024 EARNINGS RESULTS PRESENTATION

  2. Slide 2: Disclaimer

    Disclaimer With the Capital Markets Board of Turkey’s Bulletin dated 28.12.2023 numbered 2023/81, CMB announced that issuers and capital market institutions shall prepare their annual financial statements ending on 31.12.2023 or later, in accordance with IAS 29 inflationary accounting provisions. Ac

  3. Slide 3: Teknosa demonstrated strong topline growth and operational performance during the first quarter

    Teknosa demonstrated strong topline growth and operational performance during the first quarter Q1’24 Key Highlights Growth Across all Key Indicators Strong topline growth beats market and inflation increases Revenue growth is driven by focusing on key 35x SKU MP/Online GMV GMV up by 35% YoY 12% YoY

  4. Slide 4: Q1 2024 Financial Results

    Q1 2024 FINANCIAL RESULTS Teknosa | Genel (Halka Açık) | Public

  5. Slide 5: Market growth is driven by White Goods, Telecom & SDA categories

    Market growth is driven by White Goods, Telecom & SDA categories Panel Market Techonline Market2 Market Revenue Demand Growth Market Revenue Demand Growth Growth1 by Categories1 Growth1 by Categories1 Billion TL Y-o-y% Billion TL Y-o-y% 25% 24% Real Real Growth Growth 142% 164% +108% +107% 181 100%

  6. Slide 6: Teknosa's growth has surpassed both the panel and techonline markets

    Figures are Teknosa’s growth has surpassed both the panel and techonline markets shown w/ IAS 29 Revenues E-Commerce Revenue by (Mn TL) Gross Merchandise Value Segments (GMV) Teknosa's growth is higher than Teknosa's growth is higher than panel market growth (25%) techonline market growth (24%) Reta

  7. Slide 7: Stabilized EBITDA margin thanks to continued strict cost management

    Figures are Stabilized EBITDA margin thanks to continued strict cost management shown w/ IAS 29 Gross Profit (TL Mn) OPEX margin EBITDA (TL Mn) +30% 1,645 +27% 372 Opex margin is affected by seasonality 1,267 292 10.4% 10.6% 7.5% 1Q23 1Q24 1Q23 1Q24 Gross Profit margin EBITDA margin 10.3.% 11.1% 11.

  8. Slide 8: Interest rates are increasing significantly, driving financial costs

    Interest rates are increasing significantly, driving financial costs; Figures are shown yet to be taken under control through a set of actions in Q2 w/ IAS 29 Increasing interest rates & …have increased ... impacting net profit... ... yet measures credit commission rates... financial pressure are be

  9. Slide 9: NWC is fluctuating with purchases in the first quarter, with efforts aimed at restoring normalized levels

    Figures are NWC is fluctuating with purchases in the first quarter, with efforts shown w/ IAS 29 aimed at restoring normalized levels Net Working Capital (TL Mn) CAPEX (TL Mn) Continued investments on 1,638 Digital Transformation and omnichannel improvements 427 115 120 10,010 7,403 5.169 Inventorie

  10. Slide 10: Closing Remarks

    Teknosa is strategically continuing comprehensive transformation initiatives to sustain growth and improve operational performance KPIs Upholding its solid gross margins while controlling Closing Remarks OPEX and managing the cash position with immediate actions Committed to long-term growth and str

  11. Slide 11: Q&A

    Q&A TEKNOSA INVESTOR RELATIONS Ümit Kocagil CFO Dilek Aktaş Head of Finance & IR Sibel Turhan IR Manager Investor Relations e-mail: yatirimciiliskileri@teknosa.com Teknosa | Genel (Halka Açık) | Public

  12. Slide 12: Appendix

    APPENDIX Teknosa | Genel (Halka Açık) | Public

  13. Slide 13: Income Statement w/ IAS 29

    Income Statement w/ IAS 29 1Q24 1Q23 Change (%) Net Sales (Mn TL) 14,614 11,418 28% Gross Profit (Mn TL) 1,645 1,267 30% Gross Profit Margin (%) 11.3% 11.1% 0.2% Opex/Sales (%) 10.6% 10.4% 0.2% EBITDA (Mn TL) 372 292 27% EBITDA Margin (%) 2.6% 2.6% flat Other Income (Expense) (Mn TL) -757 -171 -343%

  14. Slide 14: Balance Sheet w/ IAS 29

    Balance Sheet w/ IAS 29 1Q24 2023 Assets (Mn TL) Current Assets 13,273 14,299 Cash and Cash Equivalents 1,800 3,151 Trade Receivables 943 1,072 Inventories 10,010 9,622 Other Current Assets 520 453 Non-current Assets 2,736 2,604 Property, Plant and Equipment 896 865 Intangible Assets 286 283 Investm

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