Turk Traktor Ve Ziraat Makineleri A.s. · BIST:TTRAK
Turk Traktor Ve Ziraat Makineleri A.s — TürkTraktör — FY2016 Earnings Presentation
25 slides from Turk Traktor Ve Ziraat Makineleri A.s's earnings presentation, Feb 13, 2017
Slide 1: Press Meeting
Sa_K LEADER FOR 10 YEARS! 1 a Press Meeting ro 13.02.2017
Slide 2: TürkTraktör at a Glance
2 TürkTraktör at a Glance Established in 1954, market TürkTraktör is currently the biggest tractor manufacturer leader of Turkey export for to more 10 first years R&D than center 130 widest of countries product Turkey range in its 62 annual and sector production years dealer capacity of of network 5
Slide 3: Certificates of TürkTraktör
3 Certificates of TürkTraktör ISO 10002 Customer Satisfaction and TS ISO/IEC 27001 Information Security Customer Complaint Management Management System Certificate Certificate being the first certified being the first certified company in company in Turkey in its sector Turkey in its sector ISO ISO
Slide 4: Main and Only's of TürkTraktör
4 Main and Only’s of TürkTraktör The only design and main The only production and engineering production center of New Holland TD center for TD series transmissions in and Case IH JX series tractors in the the world world The only production center of Utility The main production center of Light seri
Slide 5: Export Penetration
5 Export Penetration Continuously increasing export penetration, Turkey’s biggest and the most diversified tractor exporter Kyrgyzstan Tajikistan Nepal Niger Guinea Benin Burkina Faso Bangladesh WHERE AREN’T WE, YET…
Slide 6: Highlights in 2016
6 Highlights in 2016 800.000th tractor 400.000th engine manufactured. İstanbul Construction Equipment Facilities opened in Gebze. Ankara Plant achieved Bronze status as a result of audits in main production processes carried out with World Class Manufacturing – WCM methodology.
Slide 7: Highlights in 2016 - Awards
7 Highlights in 2016 - Awards Being an uninterrupted champion of the Machinery Components category since 2012, TürkTraktör, ranked the 27th in the top 1000 exporters list of the Turkish Exporters Assembly (TIM). ERP Transformation Project as one of the biggest and most comprehensive ERP projects of
Slide 8: Highlights in 2016 - We keep breaking records
8 Highlights in 2016 We keep breaking records… 3.443 Total 2.469 974 mio TL Revenue mio TL mio TL 14% 4% 11% 742 2015 mio TL 2016 605 mio TL 512 455 416 mio TL 364 mio TL mio TL 370 mio TL 257 mio TL 23% mio TL 25% 23% %44 Gross Profit Operating Profit EBITDA Net Profit
Slide 9: Breakdown of Tractor Sales
9 Breakdown of Tractor Sales Total Sales Imported in 2016 Tractors 46.230 Locally (78 HP – 380 HP) tractors Manufactured 1% Tractors (48 HP – 140 HP) 99% Locally Manufactured Tractors Tractors sold to Export Market Tractors sold to (48 HP – 115 HP) Local Market (48 HP – 140 HP) 28% 72%
Slide 10: Turkey's Agriculture Sector Position with Numbers
10 Turkey Position in the World (source : TURKSTAT & FAO & EUROSTAT) Turkey’s Agriculture Sector Position with Numbers 7th Turkey is placed on the top ranks in the world in terms of the production of crop. Turkey’s agricultural economy in the world WATERMELON 1st NUT PISTACHIO APPLE Turkey’s agricul
Slide 11: Agriculture Sector in Turkey
11 Agriculture Sector in Turkey (source : TURKSTAT & www.tarim.gov.tr) 2016(9) Share of AG Turkey Agriculture (%) Employment (million) 27,6 5,7 20,5 GDP (billion TL) 1.842 116 6,3 Export (billion $) 104 11,3 10,9 Import (billion $) 146 8,1 5,5 Stable Government Support to Agriculture (billion TL) 10
Slide 12: Global Tractor Sales Volume
12 Global Tractor Sales Volume (source : Systematics, thousand units) Europe North America (4%) (3%) (3%) China 159 152 133 130 (11%) 236 229 211 213 282 298 277 247 2014 2015 2015/11 2016/11 2014 2015 2015/11 2016/11 Turkey 2014 2015 2015/11 2016/11 Others India (12%) 67 63 (17%) 59 59 (5%) 587 534
Slide 13: Tractor Market in Turkey
13 Tractor Market in Turkey (units) (source : TURKSTAT) TürkTraktör TürkTraktör 29.371 TürkTraktör 32.671 49% 32.134 47% 48% 2014 2015 2016 Other Other Manufacturers Other Manufacturers 16.759 Importers Manufacturers Importers 15.559 Importers 25% 20.154 17.380 14.519 26% 17.882 29% 24% 24% 27% Tota
Slide 14: Domestic Production and Exportation Share in 2016
14 Domestic Market (source : TARMAKBİR) Local Production in 2016 (units) Exportation in 2016 (units) Other Other TürkTraktör TürkTraktör Exporters Manufacturers 12.625 46.031 1.513 20.884 89% 69% 11% 31% TürkTraktör covers 69% of the total TürkTraktör alone covers 89% of production in Turkey where 6
Slide 15: Operational Performance – Production
15 Operational Performance – Production (units) Production (tractor - units) -3% 45.823 47.536 46.031 2014 2015 2016 Production (engine - units) -2% 32.939 37.944 37.038 2014 2015 2016
Slide 16: Operational Performance – Sales
16 Operational Performance – Sales (units) Sales (tractor - units) -2% 45.893 47.124 46.230 15.866 14.122 -11% 12.625 Export Sales Local Sales 30.027 33.002 33.605 2% 2014 2015 2016 Sales (combine - units) 0,1% 391 315 316 2014 2015 2016
Slide 17: Financial Performance – Revenue
17 Financial Performance (mio TL) Revenue 11% 4.000 3.500 3.443 3.103 3.000 2.723 974 2.500 939 2.000 933 1.500 1.000 2.164 2.469 1.790 500 0 2014 2015 2016 Local Export
Slide 18: Financial Performance – Gross Profit
18 Financial Performance (mio TL) Gross Profit 850 21,6% 750 19,5% 650 18,0% 20,0% 550 15,0% 450 350 605 742 10,0% 250 489 150 5,0% 50 -50 0,0% 2014 2015 2016
Slide 19: Financial Performance – EBITDA
19 Financial Performance (mio TL) EBITDA 600 14,9% 13,4% 15,0% 500 12,1% 400 10,0% 300 512 200 416 331 5,0% 100 0 0,0% 2014 2015 2016
Slide 20: Financial Performance – Net Profit
20 Financial Performance (mio TL) Net Profit 400 10,7% 350 9,6% 10,0% 300 8,3% 250 200 150 370 5,0% 100 261 257 50 0 0,0% 2014 2015 2016 416 331
Slide 21: Working Capital
21 Working Capital (mio TL) 2014 2015 2016 2.000 19,0% 20,0% 18,4% 17,4% 1.500 716 448 441 15,0% 1.000 654 476 461 500 10,0% 436 518 556 - -449 -552 -494 5,0% -500 Inventories Trade Receivables (net) -1.000 0,0% Trade Payables (net) Net Working Capital* / Revenue *The figure is 12 months average.
Slide 22: Net Financial Position
22 Net Financial Position (mio TL) 2014 2015 2016 - 389 - 429 - 720 269 244 228 33% -217 31% -207 20% -188 67% -442 69% -466 80% -760 Cash and Cash Equivalents ST Financial Liabilities LT Financial Liabilities
Slide 23: High Profitability Ratios
23 High Profitability Ratios 62% 37% 39% 14% 13% 17% 2014 2015 2016 RoA RoE
Slide 24: Dividend
24 Dividend (mio TL) Since listed in the stock exchange market, TürkTraktör paid the total amount of 1.9 billion TL dividend. 375 115% 117% 107% 110% 100% 101% 325 94% 300 300 300 87% 90% 275 83% 72% 75% 225 70% 200 200 54% 175 150 50% 40% 125 107 94 94 26% 30% 75 50 47 13% 15% 14% 8% 2% 10% 10% 10%
Slide 25: Press Meeting
Sa_K LEADER FOR 10 YEARS! 1 a Press Meeting ro 13.02.2017