Teknosa Ic Ve Dis Ticaret As · BIST:TKNSA
Teknosa Ic Ve Dis Ticaret As — Teknosa İç ve Dış Ticaret A.Ş. — Q1 2025 Earnings Presentation
15 slides from Teknosa Ic Ve Dis Ticaret As's earnings presentation, Apr 30, 2025
Slide 1: Q1 2025 Earnings Presentation
Q1 2025 EARNINGS PRESENTATION 30 APRİL 2025
Slide 2: Disclaimer
Disclaimer With the Capital Markets Board of Turkey’s Bulletin dated 28.12.2023 numbered 2023/81, CMB announced that issuers and capital market institutions shall prepare their annual financial statements ending on 31.12.2023 or later, in accordance with IAS 29 inflationary accounting provisions. Ac
Slide 3: First Quarter Overview
172 Stores • Macroeconomic headwinds continue to impact demand and increase financial & operational costs 105K m2 Net Sales • Revenues are affected by seasonal factors, and less consumer Area spending due to reduced purchasing power 225K • Despite the challenges, EBITDA margin was improved, SKU supp
Slide 4: Panel market recorded a mid-double digit y-o-y decline
With the slowdown in overall market growth and a high base effect from the previous year, the panel market recorded a mid-double digit y-o-y decline Market Revenue Growth1 Demand Growth by Categories1 (Real, Y-o-y%) (Real, Y-o-y%) 26% -11% Panel -12% -16% -17% -17% Market Home Appliances (SDA) Telec
Slide 5: Pressured revenues while optimizing core omnichannel strategy
Along with pressured revenues due to weakening demand, we remain committed to optimizing our core omnichannel strategy Revenues (Mn TL) 1Q Overview Revenue Growth Initiatives • Revenues were affected by the 20,183 -18% Ramadan period and weakening • Improved salesforce effectiveness through consumer
Slide 6: Enhancing EBITDA through margins, cost control and efficiency gains
Despite a challenging cost environment, we continue to enhance our EBITDA, supported by increasing margins, a strong focus on cost control & efficiency gains EBITDA margin 1Q Overview Cost Control Optimizations +0.2 ppts • Optimizing our store network to 2.7% • Supported by the year- eliminate opera
Slide 7: High interest rates impact bottom line; mitigation measures effective
High interest rates and ongoing macroeconomic pressures still impact the bottom line; however, our mitigation measures are proving effective Total Net Financial 1Q Overview Strict Initiatives Taken To Expenses* / Revenues Reduce Financing Costs • Our credit card • Continued efforts in stock optimiza
Slide 8: Strengthening financial discipline and managing liquidity
We are placing heavy emphasis on strengthening financial discipline and managing liquidity NWC (TL mn) Strengthening Financial Discipline & Liquidity Management 2,262 608 • Strict cash management and continued focus on disciplined procurement 13,825 10,009 optimization 1,301 > • Introducing AI-based
Slide 9: CAPEX program progressing toward digital-first company
Our CAPEX program is progressing as part of our journey to become a digital- first company, with ongoing investments in digital and AI transformation CAPEX (TL mn) Transforming our store network into an experience-driven as part of our Digital-First Company objective (#71 stores have been transforme
Slide 10: In Summary
Actions supporting revenue growth such as enhancing sustainable payment options and proactive margin management to increase profitability Controlling OPEX strategy & mitigating financing costs, while offering attractive non-credit card payment options to our consumers to support their access to fina
Slide 11: Q&A
Q&A TEKNOSA Investor Relations e-mail: INVESTOR RELATIONS yatirimciiliskileri@teknosa.com Ümit Kocagil CFO Dilek Aktaş Head of Finance & IR Sibel Turhan IR Manager Teknosa | Genel (Halka Açık) | Public
Slide 12: Appendix
APPENDIX Teknosa | Genel (Halka Açık) | Public
Slide 13: Key Financials
Key Financials Revenues (Mn TL) EBITDA (Mn TL) Net Income (Mn TL) 20,183 16,505 514 441 -131 -414 1Q24 1Q25 1Q24 1Q25 1Q24 1Q25 14
Slide 14: Summary Income Statement
Summary Income Statement 1Q25 1Q24 Change (%) Net Sales (Mn TL) 16,505 20,183 -18% Gross Profit (Mn TL) 2,093 2,272 -8% Gross Profit Margin (%) 12.7% 11.3% 1.4% Opex/Sales (%) 12.8% 10.6% 2.2% EBITDA (Mn TL) 441 514 -14% EBITDA Margin (%) 2.7% 2.5% 0.2% Other Income (Expense) (Mn TL) -787 -977 -19%
Slide 15: Summary Balance Sheet
Summary Balance Sheet Mar 25 Dec 24 Assets (Mn TL) Current Assets 12,956 16,073 Cash and Cash Equivalents 1,567 2,814 Trade Receivables 1,119 1,330 Inventories 10,009 11,760 Other Current Assets 262 169 Non-current Assets 4,118 3,932 Property, Plant and Equipment 1,048 1,445 Intangible Assets 1,000
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