Teknosa Ic Ve Dis Ticaret As · BIST:TKNSA
Teknosa Ic Ve Dis Ticaret As — Teknosa İç ve Dış Ticaret A.Ş. — Q4 2018 Earnings Presentation
16 slides from Teknosa Ic Ve Dis Ticaret As's earnings presentation, Feb 18, 2019
Slide 1: Teknosa Investor Presentation 4Q18 Results
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Investor Teknosa İç ve Dış Ticaret A.Ş. Presentation 4Q18 Results «Turkey’s Leading Electronics Retailer» Ümit Kocagil, CFO H.Şenay Akıncı Özertan, Finance and Investor Relations Manager February 18, 2019 Genel
Slide 2: Agenda
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Agenda Results at a Glance Financial Overview Year-end Guidance 2 Genel
Slide 3: Main messages
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Strong balance sheet in ➢ Increasing net cash position was achieved by Main 4Q18 despite negative effective management of balance sheet. 18 mn TL cash was generated. messages economic environment Ensuring strong customer ➢ Customers began to have a
Slide 4: Turkey Consumer Confidence Lowest In Nearly A Decade
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Turkey Consumer ➢ In October 2018, the consumer confidence index fell to 57,3, which was the lowest since December 2008. As inflation rocketed to a 15- Confidence year high in the September and forward-looking expectations were Lowest In Nearly det
Slide 5: 4Q18 Results
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION 4Q18 ➢ Small change in sales Net Sales Area area,2 K sqm YoY, as Results (‘000 m2) stores were 110 108 continuously reviewed in terms of operational 4Q17 4Q18 efficiency ➢ As a result of lowest CCI and Net Sales Total 982 slower demand (TL mn) Reve
Slide 6: Electronics Retail Market and Teknosa
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Electronics ➢ The panelmarket grew by 9,4% YoY, reaching TL 59,5bn in 12M18 Retail Market ➢ YoY growth in all categories; SDA by 17,2%, Telecom by 10,7%, and MDA(AC included) by 9,4% and CE+Photo+MTG by 7,5%. IT decareased by 1,3% compared and Tekn
Slide 7: Income Statement Summary
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION (TL mn ) 4Q17 3Q18 4Q18 YoY (%) FY17 FY18 YoY (%) Income Net Sales 982 920 860 -12% 3.391 3.477 3% Statement Gross Profit 168 179 170 1% 612 646 6% Summary Gross Profit Margin 17,1% 19,5% 19,7% 2,6pp 18,0% 18,6% 0,5pp EBITDAR 95 108 88 -8% 330 348
Slide 8: New Teknosa.com Experience in 4Q18
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION New Teknosa.com teknosa.com Revenues (TLmn) Experience in 4Q18 +9% -16% 187 204 61 52 4Q17 4Q18 FY17 FY18 ➢ As a result of low demand, teknosa.com revenues decreased by 16% in 4Q18 ➢ Customer satisfaction increased by new, fast, integrated Teknosa.
Slide 9: OPEX/Sales ratio
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION OPEX/Sales (%) OPEX/Sales ratio 15% 16% 14% 13% FY17 FY18 4Q17 4Q18 ➢ Focus on cost control and efficiency was maintained. ➢ Despite inflationary pressure in 4Q18, Teknosa restrained operating expenses comparatively 9 Genel
Slide 10: Working Capital and Cash Position
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Working Capital Requirement (TL mn) Working TL -200 mn TL -100 mn TL -219 mn Capital and Positive change in WCR in 4Q18 418 496 493 Cash Position 56 84 66 thanks to good management of 675 680 777 inventories and extended payment terms with 4Q17 3Q1
Slide 11: Agenda
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Agenda Results at a Glance Financial Overview Year-end Guidance 11 Genel
Slide 12: Balance Sheet Summary
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Assets (in TL mn) Dec-17 Sep-18 Dec-18 Balance Current Assets Cash and Cash Equivalents 555 73 656 38 593 27 Sheet Trade Receivables Inventories 56 418 84 496 66 493 Other Current Assets 7 38 7 Summary Non-current Assets 172 175 168 Investment Prop
Slide 13: Agenda
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Agenda Results at a Glance Financial Overview Year-end Guidance 13 Genel
Slide 14: 2019 Full Year Financial Guidance
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION 2019 Full Year ➢ Due to uncertainties in global and domestic markets, we prefer to share Financial our 2019 guidance on a wide range Guidance ➢ Accordingly, we expect to see a high single digit or low double digit LfL growth for 2019 ➢ We expect ou
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 Genel
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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