Tab Gida Sanayi Ve Ticaret A.s. · BIST:TABGD
Tab Gida Sanayi Ve Ticaret A.s — Q2 2024 Earnings Presentation
20 slides from Tab Gida Sanayi Ve Ticaret A.s's earnings presentation, Aug 28, 2024
Slide 1: 2Q 2024 Results Presentation
2Q 2024 Results Presentation 28 August 2024
Slide 2: Disclaimer
Disclaime This presentation includes forward-looking statements, including but not limited to, statements regarding TAB Gida Sanayi ve Ticaret A.S. (“TAB Gida”)’s plans, objectives, expectations, and intentions, as well as other statements that are not historical facts. Forward-looking statements ca
Slide 3: Disclaimer: IAS 29 Revision of Financial Statements
Disclaime Revision of Financial Statements in Accordance with International Accounting Standard 29 (IAS 29) for Hyperinflationary Economies: Entities operating with a functional currency from a hyperinflationary economy are required to adjust their financial reports to reflect changes in general pri
Slide 4: Business Overview
2Q 2024 Results Presentation TAB a> Sr, 2: KING afoys SUBWAY’ Se (&) Usta Pines. 5) sta Donerel Popeyes C7 28 August 2024 Business Overview
Slide 5: Retail Sales and Inflation
5 veog unr veoe fen #202 18 e707 eH veor qe ye0z ver sve 200 £202 40 #20220 £202 40g szoz Bn e202 Ir 2Q 2024 RESULTS PRESENTATION Retail Sales seo unr $202 Aen 8202 8 szoz scor dea szoz ver Retail Sales entered downward trend, as a result of precautionary measures BO 0 m0 “00 zor ne zoz unr 207 fen,
Slide 6: 2Q 2024 Overview: Delivering Strong Results
| 2Q 2024 Overview: Delivering Strong Results Despit wW I ~ 10,783M ~ 7,528M ~ 1,790M + 76% YoY + 3.6% YoY - 0.7% YoY 57.1M 13.1M tickets 1,710 925 screens + 5.3% YoY + 17% YoY 61 new openings +157 All financial data is based on IAS-29 inflation accounting except for system-wide sales =_ aN a 2 TAB
Slide 7: Enhancing LFL Performance and Achieving Sustainable Growth through Market Expansion
Enhancing LFL Performance and Achieving Sustainable Growth through Market Expansion Improving LFL trends Sustainable Growth via Market Expansion 2Q 2024 2Q 2024 a, ima ; fewer Ramadan, Sales # of Tickets AED UG CS Sales # of Tickets ‘ F fe of double-meal Drinks & Sweets 64.7% -0.7% 66.0% 76% 5.3% 1H
Slide 8: Strong Market Presence Through Operational Excellence and Strategic Growth
Strong Market Presence Through Operational Excellence and Strategic Growth Making our Brands Accessible Opened 61 new restaurants in 2Q to a Larger Customer Base Achieved 106 new openings in 1H Executing our growth strategy with precision Franchise Expansion Opened 31 franchise restaurants in 2Q (55
Slide 9: Driving Efficiency and Customer Satisfaction
Driving Efficiency and Customer Satisfaction Enhancement Piloting table service with delivery robots to increase customer engagement and experience Streamlining the dining experience and reducing wait times Reducing costs, improving operational efficiency Testing restaurants without menu boards, dir
Slide 10: Solid Growth in Restaurant Count; Balanced Portfolio
Solid Growth in Restaurant Count; Balanced Portfolio Number of Restaurants Operated by TAB Franchise Total Stores 1,615 1,710 416 353 769 1,470 pes 1281 307 61 368 ; Sy 33 95 128 28% 36% 43% 40% 44% 123 6 129 fa 3 107 110 cS) 68 90 158 8 8 40 48 2021 2022 2023 2Q 20232Q 2024 " Hi TAB restaurants Fra
Slide 11: Top Priorities for Driving Growth and Operational Excellence
Top Priorities for Driving Growth and Operational Excellence Despite Macroeconomic Challenges - 2024 Continued Focus on Profitable Growth - Not diluting margins to drive topline performance Executing High Impact Campaigns to Boost Sales Leveraging Our Diverse Brand Portfolio and Product Range to Mit
Slide 12: Financial Overview
2Q 2024 Results Presentation TAB rh OY <a 2: KING aly» SUBWAY’ Se (&) Usta Pines. GS) sta Dowerel Popeyes C7 28 August 2024 Financial Overview
Slide 13: 2Q 2023 vs 2Q 2024 YoY Growth
29.2023 292024 €) Yor Growth Revenues Gross Profit EBITDA a 1,604 1,803 N 7,285 2) < <= = = 2Q 2023 2Q 2024 2Q 2023 2Q 2024 2Q 2023 2Q 2024 2) q < = 4,086 994 3 1,023 ° c— = = 2Q 2023 2Q 2024 2Q 2023 2Q 2024 2Q 2023 2Q 2024 amortization, waste oll e, salary protocol incomé i, mw | @ 2@ 2024 RESULTS
Slide 14: 2Q 2024 Solid Performance Based on IAS Inflation Accounting
2Q 2024 Solid Performance Based on IAS 29 Inflation Accounting Adj. EBITDA margin 2Q 2024 2Q 2023 Change (YoY) 1H 2024 1H 2023 Change (YoY) % 7,528M % 7,264M O 36% % 13,677M % 12,984M @O 5.3% % 1,499M + 1,604M vi -6.6% % 2,295M % 2,244M @O 23% 19.9% 22.1% Vv -2.2pp 16.8% 17.3% vy -O.5pp % 1,790M % 1
Slide 15: Financial Performance: Strength Translates into Financials
ancial Performance*: St n Translates into Financials “Figures are based on IAS 29 unadjusted basis 2Q 2024 2Q 2023 Change (YoY) 1H 2024 1H 2023 Change (YoY) 57.1M 54.3M @ 53% 102.1M 98.6M @O 36% + 10,783M % 6,124M QO 7% + 18,464M + 10,377M oO % 7,287M + 4,086M @ 78% % 12,640M % 7,079M QO 79% fcmron
Slide 16: Net income bridge between 1H 2023 and 1H 2024
Net income bridge between 1H 2023 and 1H 2024 All figures in million TL /(”_Non-cashitems impacting ~s, 1 our bottom line \ ' 1 t i) i) 1 a ' ' 1 1 (124) ' I I i) 2,129 us _ an ser ' 1 (1,476) 1 913 (794) | t i) i) 1 1 1 ' 1 A in Other AinFinancial ! A p ' 1H 2023 Net d Ain A in Monetary 5 1H 2024 N
Slide 17: Working Capital Management and Capital Expenditures
Working Capital Management and Capital Expenditures All figures in million TL 2Q 2024 FY 2023 9.6% Trade Receivables & Other ST Receivables 2,426 1,878 Inventories 373 352 Trade Payables & Other ST Payables 3,399 2,920 Net working capital -599 | -690 1H 2023 1H 2024 mmmCapex —*—Capex / Revenues TAB
Slide 18: Strong Balance Sheet Position
Strong Balance Sheet Position TAB Gida has a Strong Cash Surplus Position as of 2Q 2024 4,992 (47) (3,012) Short-term IFRS-16 related Net cash debt leasing liabilities Short-term Financial Debt (65) (29) Current Portion of Long-term Financial Debt (42) is) Long-term Financial Debt - - Cash and Cash
Slide 19: o o o
o o o * Figures are based on IAS 29 unadjusted basis
Slide 20: Thank you
Thank you TAB fa af susway Set ()ustaPieci. GS) tenoeena
TAB Gida Sanayi ve Ticaret A.S. — Q2 2024 Earnings Presentation on 6ix