Tat Gida Sanayi A.s. · BIST:TATGD
Tat Gida Sanayi A.s — Tat Gıda Sanayi A.Ş. — Q1 2025 Earnings Presentation
17 slides from Tat Gida Sanayi A.s's earnings presentation, May 1, 2025
Slide 1: 1Q 2025 Financial Results
1Q 2025 Financial Results
Slide 2: Disclaimer
Disclaimer With the Capital Markets Board Bulletin dated 28.12.2023 and numbered 2023/81, it was announced to the public that issuers and capital market institutions subject to the financial reporting regulations of the Capital Markets Board are required to apply inflation accounting in accordance w
Slide 3: Agenda
Agenda Veysel Memiş Hüseyin Yalçın Chairman and General Financial Affairs and Manager Planning Director Tat Gıda at a Glance 4Q 2024 Operational Results Recent Developments 1Q 2025 Financial Results
Slide 4: Competitive Advantage in Operational Processes from Farm to Fork
Competitive Advantage in Operational Processes from Farm to Fork High-Capacity Leading Extensive Supply Chain and Strong Brand Value and Production Facilities Distribution Network Sales Channels ➢ Leader in total tomato processing capacity under one roof: ➢ Turkiye’s globally competitive position in
Slide 5: Pazar Liderliğimizi Devam Ettiriyoruz
Pazar Liderliğimizi Devam Ettiriyoruz Tomato Tomato Pepper Products Ketchup Mayonnaise Pickles Ready to eat meal Products Paste Paste Turkiye Market Ranking 1 1 2 2 3 1 3 Tat Gıda Turkiye 39.5% 19.3% 12.4% 14.5% 11.0% 20.5% 11.6% Revenue Share • Market shares are calculated based on the Nielsen 12M
Slide 6: Flavoring Sauces
Flavoring Sauces "We continue to enrich our product portfolio with innovative offerings to become Turkiye’s leading sauce brand — the brand the new generation is talking about." In 2024, the mayonnaise category grew by 16% in volume. To strengthen our innovative brand image and respond to evolving c
Slide 7: Growth-focused investments in fast-growing product groups are delivering results
Growth-focused investments in fast-growing product groups are delivering results Tat Tomato Processing (thousand tons) Production Split (1Q’24 & 1Q’25) Production and Sales Volume (thousand tons) 2019 - 2024 CAGR: 4.0% 1Q’25 5% 4% 5% 4.2% 7% -8.0% 23% -7.9% 21% 1Q’24 160 ,00 543 300 ,00% 130 136 150
Slide 8: Price Pressure in the Global Tomato Paste Market Continues in Q1 2025
Price Pressure in the Global Tomato Paste Market Continues in Q1 2025 Export revenues (mn TL) and Share (%) 1Q’24– 1Q’25 Export Share Growth USD-Based Export Revenues -13.5% 1Q’25 27% 3,001 -46.7% 40.5% 45, 00% 3.0 2.9 00,00 90,00 2.9 2.9 80,00 70,00 2.9 2.9 60,00 50,00 2.9 30,00 40,00 2,597 2.9 41%
Slide 9: Recent Developments
Recent Developments Afyonkarahisar Dinar Ecovadis Sustainability New Products New subsidiary in the Çiçektepe SPP Index Netherlands ➢ As part of our company’s ➢ As part of our company’s international ➢ We have been awarded the ➢ In 2024, the mayonnaise category sustainability strategies, a Solar gro
Slide 10: 1Q 2025 Financial Results
1Q 2025 Financial Results
Slide 11: In the first quarter, the upward trend in operational profitability continued
In the first quarter, the upward trend in operational profitability continued Total Revenues (mn TL) Gross Profit & Gross Profit Margin (%) EBITDA (mn TL) & EBITDA Margin (%) 69.2% -23.7% 26.1% 17.0% 9.140 -19.1% 9.5 9.5 9.5 97,00 77,81 58,61 9.5 9.5 39,42 20,22 9.5 01,03 729 9.4 62,64 9.4 81,84 9.4
Slide 12: Net Loss Driven by Cost Inflation Gap and Monetary Loss Impact
Net Loss Driven by Cost Inflation Gap and Monetary Loss Impact Net Profit / (Loss) (mn TL) 2023 – 2024 Net Profit/Loss Improvement (million TL) 176 a.d. 32 300 ,00 290 ,00 280 ,00 270 ,00 260 ,00 250 ,00 -3 240 ,00 -50 230 ,00 220 ,00 210 ,00 a.d. 200 ,00 190 ,00 180 ,00 170 ,00 160 ,00 150 ,00 140
Slide 13: Financial Debt Decreased in Q1 2025
Financial Debt Decreased in Q1 2025 BALANCE SHEET CASH – DEBT POSITION (mn TL) CASH TOTAL DEBT (mn TL) 31 Dec. 2024 31 March 2025 FX Current Assets 5,702.3 4,994.3 TL Non-current Assets 2,771.5 2,775.9 51% 370.1 56% 3,425.0 44% TOTAL ASSETS 8,473.8 7,770.3 49% Short Term Liabilities 4,234.0 2,858.7
Slide 14: Appendix Financial Indicators
3 Appendix Financial Indicators
Slide 15: Summary Balance Sheet
Summary Balance Sheet BALANCE SHEET (TL) December 31, 2024 March 31, 2025 Cash and Cash Equivalents 129.465.384 370.101.414 Trade Receivables 1.133.005.154 1.242.224.100 Inventories 3.962.715.068 2.853.052.630 Total Current Assets 5.702.291.705 4.994.319.438 Total Non Current Assets 2.771.501.638 2.
Slide 16: Summary P&L
Summary P&L INCOME STATEMENT (TL) 12M 2024 1Q 2025 %change Revenue 2.127.484.313 1.720.567.813 -%19,1 Domestic sales (net) 1.265.051.502 1.260.539.645 -%0,4 Exports (net) 862.432.811 460.028.168 -%46,7 Cost of Goods Sold (-) -1.996.999.642 -1.567.836.002 -%21,5 Gross Profit 130.484.671 152.731.811 %
Slide 17: Thank you
Thank you Tat Gıda Investor Relations Contact Information: yatirimciiliskileri@tat.com.tr Tat Gıda A.Ş. yatırımcıiliskileri@tat.com.tr Taşdelen Mahallesi Sırrı Çelik Bulvarı No: 7 Çekmeköy - İstanbul 17