Bim Birlesik Magazalar A.s. · BIST:BIMAS
Bim Birlesik Magazalar A.s — Q1 2017 Earnings Presentation
16 slides from Bim Birlesik Magazalar A.s's earnings presentation, Mar 31, 2017
Slide 1: Results Presentation
RESULTS PRESENTATION For the 3 months to 31 March 2017
Slide 2: Notice
NOTICE The information contained in this document has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. Neither t
Slide 3: Headlines for Q1 2017
HEADLINES FOR Q1 2017 5,7 TL billion 304 TL million 122TL million CAPEX at Sales (+18,6% YoY) EBITDA (25,1% YoY) 2,1% of sales Strong EBITDA and Continued Net sales picking up profit margins Expansion Stores: FILE 198 TL million 5.717 in Turkey 27 stores as at (22 % YoY) Net Income 343 in Morocco Q1
Slide 4: Quarterly Net Sales and Gross Profit
QUARTERLY NET SALES AND GROSS PROFIT Quarterly, TL million 5.707 5.234 4.971 5.056 4.811 986 868 881 818 797 1Q16 2Q16 3Q16 4Q16 1Q17 Net Sales Gross Profit Gross Margin 16,6% 16,5% 17,2% 16,8% 17,3% 4
Slide 5: Quarterly EBITDA and EBIT
QUARTERLY EBITDA AND EBIT Quarterly, TL million 304 264 260 243 244 230 210 201 194 179 1Q16 2Q16 3Q16 4Q16 1Q17 EBITDA EBIT EBITDA Margin 5,0% 4,6% 5,2% 5,0% 5,3% EBIT Margin 4,0% 3,6% 4,1% 5 3,8% 4,3%
Slide 6: Quarterly Net Income
QUARTERLY NET INCOME Quarterly, TL million 193 198 172 162 144 1Q16 2Q16 3Q16 4Q16 1Q17 Net Income Net Income Margin 3,4% 2,9% 3,4% 3,7% 3,5% 6
Slide 7: Like for Like Sales Increase (BIM Turkey)
LIKE FOR LIKE SALES INCREASE (BIM TURKEY) Quarterly 2016 Q1 2017 Q1 CHANGE Like-For-Like Sales (per 10.333 11.283 9,2% store/per day -TL) Like-For-Like Basket (TL) 14,66 15,84 8,0% Like-For-Like Customer 704,9 712,4 1,1% Traffic (Per store/per Day) (*)Note: calculated on the basis of net sales gener
Slide 8: Capex
CAPEX Quarterly Capex & % of Net Sales 3,3% 3,0% 2,6% 2,3% 2,1% 166 143 136 118 122 1Q16 2Q16 3Q16 4Q16 1Q17 Quarterly CAPEX % of Net Sales 8
Slide 9: Store Growth on Track
STORE GROWTH ON TRACK Number of Stores (BİM Turkey) Quarterly 5.717 5.602 5.437 5.374 5.160 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Stores in Turkey (BİM) 9
Slide 10: FİLE Highlights
FİLE HIGHLIGHTS FİLE STORES • FILE expansion has accelerated and we have 27 stores as at Q117. 6 new stores opened in Q1 2017 • Increased pace of store opening is progressing well and we will likely reach 50 stores by year end 27 • Sales exceeded %1 of total. 21 15 11 10 1Q16 2Q16 3Q16 4Q16 1Q17 10
Slide 11: Foreign Operations Highlights
FOREIGN OPERATIONS HIGHLIGHTS MOROCCO EGYPT Quarterly Quarterly 343 231 215 329 181 190 319 157 309 295 1Q16 2Q16 3Q16 4Q16 1Q17 1Q16 2Q16 3Q16 4Q16 1Q17 • 14 Stores opened in 1Q17, and we have 343 stores • 16 Stores opened in 1Q17, and we have 231 stores in Morocco as at 1Q17 as at 1Q17 • Moroccan
Slide 12: Q&A
Q&A 12
Slide 13: Appendix Q & A IFRS Financials
APPENDIX Q & A IFRS Financials 13
Slide 14: IFRS Income Statement
IFRS INCOME STATEMENT 3 months ended 31 March TL million 2016 2017 Change Net Sales 4.810,8 5.706,6 18,6% (COGS) (4.014,1) (4.721,1) 17,6% Gross Profit 796,7 985,5 23,7% Total SG&A (553,8) (681,7) 23,1% EBITDA 242,9 303,8 25,1% D&A (49,2) (59,9) 21,7% EBIT 193,7 243,9 25,9% Net financial income/(exp
Slide 15: IFRS Balance Sheet
IFRS BALANCE SHEET As at 31 March TL million Q1 2016 Q1 2017 Intangible assets 7,2 7,9 Tangible assets 1.852,9 2.155,1 Financial Investments (long term) 181,8 193,4 Other non-current assets 43,0 39,4 Total fixed assets 2.084,9 2.395,8 Trades receivable 553,8 688,1 Inventories 1.015,0 1.262,1 Prepaym
Slide 16: IFRS Cash Flow
IFRS CASH FLOW 3 months ended 31 March TL million 2016 2017 Net Income 162,1 197,8 D&A 49,2 59,9 Non cash tax expense 43,7 54,8 Other non-cash items 18,3 46,5 Funds from operations 273,3 359,0 Change in net working capital 32,3 (33,7) Tax & other payments (39,8) (46,9) Operating cash flow 265,8 278,
BİM Birleşik Mağazalar A.Ş. — Q1 2017 Earnings Presentation on 6ix