Tat Gida Sanayi A.s. · BIST:TATGD
Tat Gida Sanayi A.s — Tat Gıda Sanayi A.Ş. — H1 2019 Earnings Presentation
11 slides from Tat Gida Sanayi A.s's earnings presentation, August 2019
Slide 1: Investor Presentation – August 2019
Investor Presentation – August 2019 Updated by 6M-2019 financials
Slide 2: Net Sales (TL Mn)
Net Sales (TL Mn) Growth trend maintained 1.200 1.155 1.074 981 1.000 911 817 +10% 800 600 571 520 400 200 0 2014* 2015 2016 2017 2018 2018-H1 2019-H1 *Harranova tomato and Maret business figures excluded due to the discontinued operations.
Slide 3: Net Sales Breakdown by Product Group (TL Mn)
Net Sales Breakdown by Product Group (TL Mn) 29% growth over last year H1, excluding the private label business Sek private label products included in 2018 H1 Sek private label products excluded in 2018 H1 +10% +29% 571 571 520 37,9 37,9 29,5 +28% 442 +28% 278,6 29,5 278,6 290,5 -0,4% +31% 212,9 199
Slide 4: Net Sales Breakdown by Region (%)
Net Sales Breakdown by Region (%) Exports grew by 23% Export (Mn TL) Export (%) +23% 50,4 7,9 8,8 40,9 2018-H1 2019-H1 Export Domestic Export Domestic 2018-H1 2019-H1 *Harranova tomato and Maret business figures excluded due to the discontinued operations.
Slide 5: Profit (TL Mn)
Profit (TL Mn) High growth in high margin Tat business and SEK branded sales had a positive impact on profitability Gross Profit Operating Profit 100 10,0% 7,7% 9,1% +26% 90 7,2% 6,6% 8,0% 6,2% 5,8% 118 80 5,2% 6,0% 70 70 71 +72% 70 4,0% 60 60 2,0% 51 52 50 0,0% 94 40 -2,0 % 30 30 -4,0 % 20 -6,0 % 1
Slide 6: EBITDA & Income Before Tax (TL Mn)
EBITDA & Income Before Tax (TL Mn) Profit Margins are well above previous years 100 10,0% EBITDA 8,1% Income Before Tax 7,5% 90 7,6% 8,0% 7,1% 100 8,0% 7,0% 6,7% 74 80 6,2% 5,9% 90 6,0% 70 68 6,0% 6,0% 4,7% +88% 4,9% 80 63 4,4% 69 4,3% 64 65 3,6% 60 70 51 4,0% 4,0% 50 51 46 60 +50% 2,0% 41 50 2,0% 4
Slide 7: Net Income (TL Mn)
Net Income (TL Mn) 33 mio TL Net Income Generated 100 9,0% 7,4% 6,6% 90 5,8% 7,0% 80 5,7% 4,7% 67 5,0% 70 4,0% 65 61 3,3% 60 3,0% 50 +37% 40 39 1,0% 33 33 24 30 -1,0 % 20 -3,0 % 10 0 -5,0 % 2014* 2015 2016 2017 2018 2018-H1 2019-H1 Net Income NI Margin *Maret asset sales income excluded.
Slide 8: Net Financial Debt / EBITDA (TL Mn)
Net Financial Debt / EBITDA (TL Mn) Net Financial Debt / EBITDA Financial Debt Cash Net Financial Debt EBITDA (rolling) 2014* 51 1,8 189 95 94 2015 68 1,0 89 18 71 2016 74 0,4 74 43 31 2017 63 1,5 110 13 97 2018-Q1 62 2,0 133 9 125 2018-H1 64 1,6 112 10 102 2018-Q3 67 2,1 182 40 142 2018 51 2,5 156
Slide 9: Summary Balance Sheet
Summary Balance Sheet TL Mn 2014 2015 2016 2017 2018 2018-H1 2019-H1 Current Assets 501 491 500 563 641 589 768 Non-current Assets 163 163 191 223 223 212 244 Total Assets 664 655 691 786 864 800 1.011 Current Liabilities 253 206 153 271 247 242 253 Non-current Liabilities 61 31 77 22 117 71 224 Sha
Slide 10: Exiting Pastavilla Business & Expected Impact
Exiting Pastavilla Business & Expected Impact Sale of Brands Agreed on 2nd of August (5% of total sales) Sale of Pastavilla, Kartal and Lunch & Dinner brands to Durum A.S. at 8 million TL in cash Income from sale of assets Rights of ownership of the brands will be transferred, subject to the
Slide 11: THANK YOU
THANK YOU