Teknosa Ic Ve Dis Ticaret As · BIST:TKNSA
Teknosa Ic Ve Dis Ticaret As — Teknosa İç ve Dış Ticaret A.Ş. — Q3 2018 Earnings Presentation
18 slides from Teknosa Ic Ve Dis Ticaret As's earnings presentation, Oct 30, 2018
Slide 1: Teknosa Investor Presentation 3Q18 Results
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Investor Teknosa İç ve Dış Ticaret A.Ş. Presentation 3Q18 Results «Turkey’s Leading Electronics Retailer» Ümit Kocagil, CFO H.Şenay Akıncı Özertan, Finance and Investor Relations Manager October 30, 2018 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 Positive top-line growth Ø 3,0% LfL growth in 3Q18( 8,5% in 9M18) Main despite lowest CCI in the leading to 4,5% top-line growth messages last 3 years and negative FX impact on prices E-commerce in particular has Ø Volume of e-commerce grew by 35%
Slide 4: Changes in the sector
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Ø The Banking Regulation and Supervision Agency (the “BRSA”) Changes in introduced limitations on the maximum number of installments on the sector purchase of different goods and services and restricted payment by installment for others on 15 Augus
Slide 5: Changes in the sector
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Ø New regulations on Protection of Turkish Currency, prohibition on Changes in Executing Agreements in Foreign Currency for Turkish Residents the sector Pursuant to Presidental Decree Numbered 85, published on 13 September 2018, Turkish residents s
Slide 6: Consumer confidence 13% m/m drop in September
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Ø The consumer confidence index plunged to a three-year low in 13% m/m drop in September. In September CCI fell to 59,3, marking the lowest level since September 2015. Severe slump in the value of the Turkish lira, fear of September, upcoming econo
Slide 7: 3Q18 Results
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION 3Q18 Ø To boost operational Net Sales Area efficiency, 3 K sqm Results (‘000 m2) 112 YoY net sales area 109 was reduced. 3Q17 3Q18 Ø Despite economic downturn and low Net Sales Total 920 CCI, Teknosa 880 (TL mn) Revenues recorded 4,5% YoY (M TL) sa
Slide 8: Electronics Retail Market and Teknosa
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Electronics Ø The panelmarket grew by 13% YoY, reaching TL 45bn in 9M18 Retail Market Ø YoY growth in all categories –Telecom by 24%, SDA by 18%, CE+Photo+MTG by 11%, IT by 6% and MDA by 0,1% and Teknosa Ø TSS channel accounts for 18,5%(excluding M
Slide 9: Income Statement Summary
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION (TL mn ) 3Q17 2Q18 3Q18 YoY (%) 9M17 9M18 YoY (%) Income Net Sales 880 891 920 4% 2.408 2.617 9% Statement Gross Profit 158 152 179 13% 444 476 7% Summary Gross Profit Margin 17,9% 17,1% 19,5% 1,5pp 18,4% 18,2% -0,2pp EBITDAR 88 76 108 24% 235 260
Slide 10: Solid growth for e-commerce in 3Q18
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Solid growth for teknosa.com Revenues (TLmn) e-commerce in 3Q18 +21% +35% 152 126 56 41 3Q17 3Q18 9M17 9M18 Ø E-commerce has benefited from increasing online visitors in 3Q18 Ø «Click & Collect» sales reached 30 % of teknosa.com sales Ø E-commerce
Slide 11: Stable Performance in OPEX/Sales
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION OPEX/Sales (%) Stable Perfomance in OPEX/Sales ratio 15% 15% 14% 14% 9M17 9M18 3Q17 3Q18 Ø Although the Turkish Lira (TRY) hit a record low against USD and EUR in 3Q18, Opex/Sales ratio was stable on QoQ and YoY. Ø Focusing on cost control and effi
Slide 12: Working Capital and Cash Position
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Working Capital Requirement (TL mn) Working TL -154 mn TL -2 mn TL -100 mn Capital and Thanks to extended payment terms with 516 496 Cash Position 446 52 96 84 suppliers and tight control of inventories 652 613 680 for the positive change of WCR in
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: Balance Sheet Summary
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Balance Assets (in TL mn) Current Assets Sep-17 541 Jun-18 679 Sep-18 656 Sheet Cash and Cash Equivalents Trade Receivables 30 52 25 96 38 84 Inventories 446 516 496 Summary Other Current Assets 13 43 38 Non-current Assets 175 175 175 Investment Pr
Slide 15: Agenda
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION Agenda Results at a Glance Financial Overview Year-end Guidance 15 Genel
Slide 16: 2018 Full Year Financial Guidance
TEKNOSA İÇ VE DIŞ TİCARET A.Ş INVESTOR PRESENTATION 2018 Full Year Ø Due to uncertainties in global and domestic markets, we prefer to share Financial our 2018 guidance on a wide range Guidance Ø Accordingly, we expect to see a high single digit or low double digit LfL growth for 2018 Ø We expect ou
Slide 17: 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 17 Genel
Slide 18: 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
Teknosa İç ve Dış Ticaret A.Ş. — Q3 2018 Earnings Presentation on 6ix