Ulker Biskuvi Sanayi A.s. · BIST:ULKER

Ulker Biskuvi Sanayi A.s — FY2014 Earnings Presentation

9 slides from Ulker Biskuvi Sanayi A.s's earnings presentation, Mar 6, 2015

  1. Slide 1: Turkey's Largest Food Company – Q4 & 12M 2014 Financial Results

    “Turkey’s Largest Food Company” Fourth Quarter & Twelve Months 2014 Financial Results March 6, 2015 Borsa Istanbul: ULKER ULKER.TI (Bloomberg) | ULKER IS (Reuters) www.ulkerbiskuvi.com.tr

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains information and analysis on financial statements and is prepared for the sole purpose of providing information relating to Ülker. This presentation contains forward-looking statements which are based on certain expectations and assumptions at the time of publica

  3. Slide 3: Turkey Macro Economic Overview

    Turkey Macro Economic Overview GDP Growth (%) 8,7 2013 GDP Growth of 4%  GDP grew by 1.7% in 3Q14 thanks to 5,3 4,5 4,5 4,8 net exports 4,2 3,1 2,8 3,1 2,2 1,5 1,3 1,7  Household consumption grew by 2011 Q3 2011 Q4 2012 Q1 2012 Q2 2012 Q3 2012 Q4 2013 Q1 2013 Q2 2013 Q3 2013 Q4 2014 Q1 2014 Q2 201

  4. Slide 4: Breakdown of Net Sales

    Breakdown of Net Sales Breakdown of sales volume (ton)  Consolidated sales volume was up by only 0.4% in 2014 attributable to: • Low exports volume 480.605 Cake 478.725 • Sku optimization in Biskot Chocolate Biscuit • Price increases in chocolate & biscuits categories 65.060 67.607  Biscuits sales

  5. Slide 5: Gross Profit & EBITDA

    Gross Profit & EBITDA Decrease in gross profit in 2014 was due to: • High input costs • Divesture of sales companies Gross Profit margin contracted to 21.0% in 2014 (On a like for like basis, 21.6%) EBITDA reached TL 332 mn in 2014 as a result of: • Tight opex management limited the margin loss • Pr

  6. Slide 6: FX and Net Profit

    FX and Net Profit Net Foreign Exchange Gain/Loss  Net foreign exchange loss was TL 14,3 mn in 2014 vs loss of TL 20.8 (TL mn) 2013 2014 Net Foreign Exchange Gain/Loss From Operations 26,2 4,2 mn in 2013 Net Foreign Exchange Gain/Loss From Investments 149,3 61,1 • TL 331 mn of short FX position as o

  7. Slide 7: Cash Cycle and Net Debt

    Cash Cycle and Net Debt Cash Cycle (Days) 76 77 72 74  Cash Cycle of 30 days in 2014 A/R A/P 32 32 Inv. 33 30 Cash Cycle 2013 2014 Net Debt (TL mn)  Net debt stands at TL 301 million, as of December 31, 2014 7

  8. Slide 8: Questions & Answers

    “Turkey’s Largest Food Company” Questions & Answers 8

  9. Slide 9: Contact details

    Kısıklı Mahallesi Ferah Caddesi No:1 34692 B. Çamlıca / Üsküdar / İstanbul Türkiye For more information, please contact us + 90 (216) 524 25 56, or email us at ir@ulker.com.tr www.ulkerbiskuvi.com.tr

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