Bim Birlesik Magazalar A.s. · BIST:BIMAS
Bim Birlesik Magazalar A.s — Q2 2025 Earnings Presentation
27 slides from Bim Birlesik Magazalar A.s's earnings presentation, 2025
Slide 1: 2Q25 Financial Results
BIM. 2Q|25 FINANCIAL RESULTS
Slide 2: Notice
NOTICE The information contained in this document has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. Neither t
Slide 3: Highlights
P R E S E N T A T I O N Highlights Operational Financial Performance Performance R E S U L T S 2 Q 2 5 B I M Q &A APPDX
Slide 4: Headlines of Key Figures for 2Q25
HEADLINES of KEY FIGURES for 2Q25 (with TAS 29 inflation accounting on financials) Highlights 153.2 billion TL 13.6 billion TL SALES (+4% YoY) NET CASH (including STFA) P R E S E N T A T I O N 5.0 billion TL 14,075 Total stores CAPEX (3.2% of sales) (266 new stores in 2Q25) R E S U L T S 9.4 billion
Slide 5: Operational Performance
P R E S E N T A T I O N Highlights Operational Financial Performance Performance R E S U L T S 2 Q 2 5 B I M Q &A APPDX
Slide 6: Like for Like Sales Increase (BİM Türkiye)
LIKE FOR LIKE SALES INCREASE (BIM TURKIYE*) Operational Performance QUARTERLY (w/o TAS 29) SEMI - ANNUALLY (w/o TAS 29) 2Q 2024 2Q 2025 CHANGE 6M 2024 6M 2025 CHANGE Like-For-Like Sales Like-For-Like Sales (per store/per day (TL) 94,541 121,173 28.2% (per store/per day (TL) 90,462 119,125 31.7% Like
Slide 7: Revenue Breakdown
REVENUE BREAKDOWN Operational Performance BY FORMAT AND GEOGRAPHY* BY CATEGORY BİM Türkiye 2Q25 2Q25 P R E S E N T A T I O N 35% 10% 33% 8% 85% 2Q24 2Q24 R E S U L T S 87% 4% 54% 58% 4% 1% 8% 2 Q 2 5 1% B I M 1% 10% 1% BİM TR FİLE BİM MAROC BİM EGYPT Private Label Branded Spot Exclusive *Without TAS
Slide 8: Expansion
EXPANSION Operational Performance QUARTERLY 432 425 418 869 394 381 828 759 789 312 P R E S E N T A T I O N 734 295 272 287 254 12,261 12,462 11,755 11,952 12,089 R E S U L T S 2 Q 2 5 2Q24 3Q24 4Q24 1Q25 2Q25 B I M TOTAL 13,124 13,377 13,583 13,809 14,075 Openings (q-q) 333 253 206 226 266 • Store
Slide 9: Capex
CAPEX Operational Performance QUARTERLY SEMI-ANNUALLY 4.1% 3.8% 3.3% 3.2% P R E S E N T A T I O N 6,098 5,130 With TAS 29 11,410 10,002 R E S U L T S 2Q24 2Q25 6M 2024 6M 2025 Capex Capex to sales Capex Capex to sales 2 Q 2 5 4.0% 3.9% 3.8% B I M 3.5% 3.4% 3.3% 3.2% 4,780 4,630 5,102 Without TAS 29
Slide 10: Financial Performance
P R E S E N T A T I O N Highlights Operational Financial Performance Performance R E S U L T S 2 Q 2 5 B I M Q &A APPDX
Slide 11: Net Sales
NET SALES Financial Performance QUARTERLY SEMI-ANNUALLY 4% y-y 3% y-y P R E S E N T A T I O N 309,835 147,544 153,239 With TAS 29 299,461 R E S U L T S 2Q24 2Q25 6M 2024 6M 2025 Revenues (TRY m) Revenues (TRY m) 2 Q 2 5 41% y-y 43% y-y B I M 151,610 296,022 107,380 123,575 128,471 144,412 Without TA
Slide 12: Gross Profit
GROSS PROFIT Financial Performance QUARTERLY SEMI-ANNUALLY 20.5% 19.0% 17.0% 16.8% P R E S E N T A T I O N 31,484 58,896 24,731 With TAS 29 50,872 R E S U L T S 2Q24 2Q25 6M 2024 6M 2025 Gross Profit (TRY m) Gross Margin Gross Profit (TRY m) Gross Margin 2 Q 2 5 20.2% 21.2% 20.8% 21.1% 20.7% 21.7% 1
Slide 13: Operating Leverage
OPERATING LEVERAGE Financial Performance QUARTERLY SEMI-ANNUALLY 18.2% 18.1% 16.4% 16.8% P R E S E N T A T I O N 27,821 56,186 24,745 With TAS 29 49,165 R E S U L T S 2Q24 2Q25 6M 2024 6M 2025 Opex (TRY m) Opex to Sales (%) Opex (TRY m) Opex to Sales (%) 2 Q 2 5 16.5% 16.3% 16.1% 15.0% 15.2% 15.2% 1
Slide 14: Opex Management Quarterly
OPEX MANAGEMENT QUARTERLY * Financial Performance 20.00% 19.00% +42bp -14bp 18.16% +109bp +3bp -1bp -3bp +3bp 18.00% 17.00% 16.77% P R E S E N T A T I O N 16.00% 15.00% R E S U L T S 14.00% 2Q24 OPEX Personnel Utility Packaging Vehicles fuel Advertising D&A Other 2Q25 OPEX 2 Q 2 5 expenses Expense E
Slide 15: EBITDA
EBITDA Financial Performance QUARTERLY SEMI-ANNUALLY 4.8% 6.1% 3.8% 3.3% P R E S E N T A T I O N 9,423 15,023 With TAS 29 11,452 4,938 R E S U L T S 2Q24 2Q25 6M 2024 6M 2025 EBITDA (TRY m) EBITDA Margin EBITDA (TRY m) EBITDA Margin 2 Q 2 5 7.5% 8.3% 7.0% 7.0% 6.7% 7.3% 6.5% B I M 20,795 9,250 10,67
Slide 16: Net Income
NET INCOME Financial Performance QUARTERLY SEMI-ANNUALLY 4.1% 3.9% 1.8% 1.8% P R E S E N T A T I O N 6,106 11,783 With TAS 29 2,693 5,561 R E S U L T S 2Q24 2Q25 6M 2024 6M 2025 Net Income (TRY m) Net Margin Net Income (TRY m) Net Margin 2 Q 2 5 3.9% 4.3% 4.4% 3.2% 4.0% 4.1% 3.6% B I M 5,308 5,685 4
Slide 17: Quarterly Cash Flow Bridge
QUARTERLY CASH FLOW BRIDGE* Financial Performance Total 9,839 11,140 23,490 5,102 P R E S E N T A T I O N Total 15,535 STFA 2,650 13,627 2,376 1,566 R E S U L T S 10,706 STFA 7,954 Cash 2 Q 2 5 2,921 Cash B I M Cash position Funds from Change in NWC CAPEX Lease Payment Dividend Other Cash position i
Slide 18: FİLE
FİLE Financial Performance P R E S E N T A T I O N R E S U L T S 312 312 stores in 33 32% share of Online sales FİLE online shopping 2 Q 2 5 Stores cities, 17 new stores in 2Q25. Private Labels within FİLE’s total form 5% of FİLE’s platform operates with 90 stores, two of B I M sales. revenues. whic
Slide 19: Foreign Operations
FOREIGN OPERATIONS Financial Performance BİM MAROC MAROC P R E S E N T A T I O N TL 6.7 bn TL 431 m 6,609 869 4 logistic Sales EBITDA Employees Stores centers R E S U L T S BİM EGYPT 2 Q 2 5 B I M EGYPT TL 840 m TL (14) m 2,595 432 2 logistics Sales EBITDA Employees Stores centers
Slide 20: Q&A
P R E S E N T A T I O N Highlights Operational Financial Performance Performance R E S U L T S 2 Q 2 5 B I M Q &A APPDX
Slide 21: Appendix
P R E S E N T A T I O N Highlights Operational Financial Performance Performance R E S U L T S 2 Q 2 5 B I M Q &A APPDX
Slide 22: Afyon Fruit & Vegetables Platform
AFYON FRUIT & VEGETABLES PLATFORM APPDX We have commenced operations at our new 30,000 m² fruit and vegetable platform in Afyon to P R E S E N T A T I O N deliver fresher, higher-quality, and safer products to our consumers more quickly. This investment, which contributes to energy R E S U L T S sav
Slide 23: TFRS Income Statement (with TAS 29)
TFRS INCOME STATEMENT (with TAS 29) APPDX 6 months ended 30 June 3 months ended 30 June Change % Change % TL million 6M 2024 6M 2025 YoY 2Q 2024 2Q 2025 YoY Net Sales 299,461 309,835 3% 147,544 153,239 4% COGS (248,589) (250,939) 1% (122,814) (121,755) -1% Gross Profit 50,872 58,896 16% 24,731 31,48
Slide 24: TFRS Income Statement (w/o TAS 29)
TFRS INCOME STATEMENT (w/o TAS 29) APPDX 6 months ended 30 June 3 months ended 30 June Change % Change % TL million 6M 2024 6M 2025 YoY 2Q 2024 2Q 2025 YoY Net Sales 207,676 296,022 43% 107,380 151,610 41% COGS (165,695) (233,213) 41% (86,048) (118,731) 38% Gross Profit 41,980 62,809 50% 21,332 32,8
Slide 25: TFRS Income Statement (w/o TAS 29, w/o TFRS 16)
TFRS INCOME STATEMENT (w/o TAS 29, w/o TFRS 16) APPDX 6 months ended 30 June 3 months ended 30 June Change % Change % TL million 6M 2024 6M 2025 YoY 2Q 2024 2Q 2025 YoY Net Sales 207,676 296,022 43% 107,380 151,610 41% COGS (165,695) (233,213) 41% (86,048) (118,731) 38% Gross Profit 41,980 62,809 50
Slide 26: TFRS Balance Sheet (with TAS 29)
TFRS BALANCE SHEET (with TAS 29) As of APPDX TL Million 31 December 2024 30 June 2025 TOTAL CURRENT ASSETS 86,387 99,221 Cash & Cash Equivalents 3,284 2,921 Financial Investments 6,329 10,706 Trade Receivables 27,688 28,501 Prepayments 3,554 3,809 Inventories 43,270 50,197 Other Current Assets 2,261
Slide 27: TFRS Cash Flow (with TAS 29)
TFRS CASH FLOW (with TAS 29) APPDX 6 months ended 30 June TL million 6M 2024 6M 2025 Net Income 11,787 5,553 D&A 9,745 12,314 Non Cash Tax Expense 3,432 5,976 Other Non-Cash Items (1,025) 2,139 P R E S E N T A T I O N Funds From Operations 23,940 25,982 Change In Net Working Capital (2,000) 475 Tax
BİM Birleşik Mağazalar A.Ş. — Q2 2025 Earnings Presentation on 6ix