Teknosa Ic Ve Dis Ticaret As · BIST:TKNSA
Teknosa Ic Ve Dis Ticaret As — Teknosa İç ve Dış Ticaret A.Ş. — Q2 2021 Earnings Presentation
16 slides from Teknosa Ic Ve Dis Ticaret As's earnings presentation, August 2021
Slide 1: Teknosa Investor Presentation 2Q21 Results
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Investor Teknosa Presentation 2Q21 Results «Turkey’s Leading Electronics Retailer» August, 2021
Slide 2: Agenda
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Agenda Main Messages Financial Overview 2
Slide 3: Main Messages
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Steady growth, 59,4% ➢ TL 1,5 billion sales in 2Q21, Widespread closures compared to 1Q21 due to the Covid- Main increase in sales 19 process.(2Q20: TL 955 M) Messages ➢ Strong growth above inflation compared to 2Q20 ➢ 162% LfL increase in EBITDA (
Slide 4: Key Drivers for Strong Financial Performance
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Key Drivers for Strong Financial Performance Main Messages ➢ The best end-to-end customer experience, digitalization and data analytics, sustainability and alignment to the future of work together with employees ➢ Data-based and result-oriented org
Slide 5: Consumer Confidence Index
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION ➢ CCI in 2Q21 was 79,7, lower than the same period of the previous year. Consumer ➢ No negative affect on demand, despite decreased CCI ( Uncertainty about Confidence Index increasing Covid cases adversely affected CCI) Consumer Confidence Index 95
Slide 6: 2Q21 Results
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION ➢ Store relocations for 2Q21 efficiency management Net Sales Area ➢ 2Q20 100 sqm Results (‘000 m2) 97 100 1Q21 2Q21 ➢ 59,4% sales increase %59,4 compared to the same Net Sales Total 1.522 period of the last year. (TL mn) Revenues 955 (M TL) 2Q20 2Q
Slide 7: Electronics Retail Market and Teknosa
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION ➢ The electronics retail market(*) grew by 41,5% LfL reaching TL 37 bn in 5M21 Electronics ➢ Growth by segments: IT 81,9%, SDA 43,9%, Telecom 42,2%, MDA 33,1% and Retail Market Consumers Electronics 28,4% ➢ TSS channel accounts for 25,7% (including
Slide 8: Electronics Retail Market and Teknosa
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Electronics ➢ The electronics retail market(*) grew by 41,5% LfL reaching TL 37 bn Retail Market in 5M21 and Teknosa ➢ Growth by segments: IT 81,9%, SDA 43,9%, Telecom 42,2%, MDA 33,1% and Consumers Electronics 28,4% ➢ Teknosa’s share in PM market
Slide 9: Online sales
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Online sales 10,9% 33,8% 559 498 446 295 2Q20 2Q21 1H20 1H21 ➢ Online/retail sales 21% in 2Q21 (51% in 2Q20) ➢ 33,8% decrease in online sales compared to 2Q20 with TL 295M in 2Q21 since stores were re-opened with some restrictions COMPARED TO Q2 LA
Slide 10: Agenda
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Agenda Main Messages Financial Overview 10
Slide 11: OPEX/Sales ratio
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION OPEX/Sales (%) OPEX/Sales ratio 12% 13% 10% 10% 2Q20 2Q21 6M20 6M21 ➢ Operational expenses/sales decreased from 12 % in 2Q20 to 10% in 2Q21. ➢ Due to Covid-19; rental discounts and short time work allowance continued in 2Q21 11
Slide 12: Working Capital and Cash Position
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Working Capital Requirement (TL mn) Working TL -291 mn TL 86 mn TL 162 mn ➢ Increase in inventory Capital and 1.408 compared to last year to maintain increasing 1.246 Cash Position 744 88 106 130 product costs and inventory availability. 1123 1267
Slide 13: Income Statement Summary
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION (TL mn ) 2Q20 1Q21 2Q21 YoY (%) 1H20 1H21 YoY (%) Income Net Sales 955 1.461 1.522 59% 2.004 2.983 49% Statement Gross Profit 123 251 233 89% 297 485 63% Summary Gross Profit Margin 12,9% 17,2% 15,3% 2,4pp 14,8% 16,2% 1,4pp EBITDA 43 131 113 162% 1
Slide 14: Balance Sheet Summary
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Assets (in TL mn) Jun-20 Mar-21 Jun-21 Balance Current Assets Ca s h a nd Ca s h Equi va l ents 1.178 325 1.408 30 1.636 65 Tra de Recei va bl es 88 106 130 Sheet Inventori es 744 1.246 1.408 Other Current As s ets 21 26 33 Summary Non-current Asse
Slide 15: Thank You
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Thank You Contact Information: H. Şenay Akıncı Özertan– Finance and Investor Relations Manager +90 (216) 468 37 46 sozertan@teknosa.com IR web page: http://yatirimci.teknosa.com/homepage IR e-mail: yatirimciiliskileri@teknosa.com 15
Slide 16: Disclaimer
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Disclaimer The information and opinions contained in this document have been compiled or arrived at by Teknosa from sources believed to be reliable and in good faith, but no representation or warranty, expressed or implied, is made as to their accu
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