Pinar Sut Mamulleri Sanayii A.s. · BIST:PNSUT

Pinar Sut Mamulleri Sanayii A.s — Pınar Süt Mamulleri Sanayii A.Ş. — Q1 2017 Earnings Presentation

15 slides from Pinar Sut Mamulleri Sanayii A.s's earnings presentation, 2017

  1. Slide 1: Pınar Süt Mamulleri Sanayii A.Ş. 2017-Q1 Earnings Presentation

    investorrelations@pinarsut.com.tr PINAR SÜT MAMULLERİ SANAYİİ A.Ş. 2017-Q1 Earnings Presentation

  2. Slide 2: 2017-Q1 Highlights

    1 2017-Q1│ Highlights 2017-Q1 Dairy Consumer Raw Milk Financial Market* Price Index Prices Summary  All categories  In march, annual  After 30 months,  Net Sales 289.8 achieved turnover consumer price increased in raw million TL growth index (CPI) is 11.3% milk base price of  EBITDA 28.5  The

  3. Slide 3: 2017-Q1 New Products and Packages

    2 2017-Q1 │ New Products and Packages  Pınar Protein Milk cocoa and vanilla 500  Pınar with D vitamins 60% light ml in new prisma packages were milk presented to consumers.  Lactose-free White Cheese 400g

  4. Slide 4: 2017-Q1 Sales Breakdown

    3 2017-Q1 │ Sales Breakdown Product Growth in traditional cheese segment Portfolio 2016-Q1 2017-Q1 Net Sales  After the launch, Pınar Cottage Cheese has been strengthening its position in the market and rose to the second position with a 17% market share.

  5. Slide 5: 2017-Q1 Sales Breakdown Channels

    4 2017-Q1 │ Sales Breakdown│ Channels Sales 9% Channels Direct 5% Net Sales 12% Export 15% 79% YBP 80% 2016-Q1 2017-Q1 *YBP is the distribution company of Food Group.

  6. Slide 6: 2017-Q1 Sales Breakdown Export

    5 2017-Q1 │ Sales Breakdown│ Export Exports Breakdown by Country (%)  $11.3 million export was realized in the 2017-Q1 accounting 27.5 for a 7.5% increase in terms of dollar by the comparison with the 20.1 same period of 2016. 13.7  In addition to real 11.7 9.9 growth, the share of 7.7 4.7 4.6 exp

  7. Slide 7: 2017-Q1 Income Statement

    6 2017-Q1│ Income Statement (Million TL) 03/31/2017 03/31/2016 Difference % Change Net Sales 289.8 273.9 15.9 5.8 Cost of Goods Sold (235.4) (219.6) (15.8) 7.2 Gross Profit 54.4 54.3 0.1 0.2 R&D Expenses (2.8) (2.3) (0.4) 18.0 Sales Distribution and Marketing (20.9) (18.5) (2.4) 13.2 Expenses Genera

  8. Slide 8: 2017-Q1 Sales and Profitability

    2017-Q1 │ Sales and Profitability Net Sales (m TL) Gross Profit (m TL) 200.0 17.9% 19.8% 18.8% 180.0 16.8% 16.1% 20.0% 160.0 140.0 15.0% 120.0 100.0 191.1 940 1,011 1,068 80.0 157.7 162.4 10.0% 60.0 5.0% 40.0 274 290 20.0 54.3 54.4 0.0 0.0% 2014 2015 2016 2016-Q1 2017-Q1 2014 2015 2016 2016-Q1 2017-

  9. Slide 9: 2017-Q1 Profit Margins

    2017-Q1 │ Profit Margins Gross Profit EBIT 8.9% 18.8% 19.8% 17.9% 17.2% 7.3% 16.8% 16.1% 5.8% 6.1% 5.3% 3.5% 2014 2015 2016 4Q16 1Q17 1Q16 2014 2015 2016 4Q16 1Q17 1Q16 EBITDA* Net Profit 11.3% 9.3% 9.3% 9.8% 8.3% 8.6% 7.6% 7.6% 6.2% 6.2% 5.6% 1.7% 2014 2015 2016 4Q16 1Q17 1Q16 2014 2015 2016 4Q16 1

  10. Slide 10: 2017-Q1 Plants and Investments

    9 2017-Q1│ Plants and Investments  710 m liter annual capacity of raw milk processing Plants in 3 plants. Pınar Süt Şanlıurfa Plant Capital  In the first quarter of 2017, 11.4 million TL capital Expenditures expenditures were realized.

  11. Slide 11: 2017-Q1 Financial Ratios

    10 2017-Q1│ Financial Ratios Balance Sheet Ratios 2013/12 2014/12 2015/12 2016/12 2017/03 Current Ratio 1.51 1.42 1.16 1.23 1.13 Leverage Ratio 0.30 0.32 0.34 0.36 0.42 Current Borrowings/Total 1.00 0.55 0.93 0.56 0.55 Net Fin. Borrowings/EBITDA 0.05 0.16 0.35 0.78 0.62 Net Fin. Borrowings/Equity 0.

  12. Slide 12: Ownership, Participations, Auditors

    11 Ownership │ Participations│ Auditors Ownership Structure Auditors Financial Affairs Yaşar Holding A.Ş. 61% Price Waterhouse Coopers Free Float 39% Ernst&Young Production TSE Participations Breau Veritas Participation İştirak Share in Capital İştirak Oranı %% Yaşar Birleşik Pazarlama A.Ş. 31,8 Foo

  13. Slide 13: Stock Performance

    Stock Performance 200 25.00 15.62 20.00 150 100.00 15.00 100 94.09 10.00 50 12.61 5.00 - 0.00 Relative to göre BİST-TÜM'e XUTUM(sol eksen) PNSUT (Sağ eksen) (TL) Corporate Governance Rating: 9.24 Borsa İstanbul Ticker Symbol: PNSUT Date of Listing: 03.02.1986 12

  14. Slide 14: Disclaimer and Contact Information

    13 Disclaimer and Contact Information This presentation does not constitute an offer or invitation to purchase or subscription for any securities and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. This presentation contains forward-l

  15. Slide 15: Thank you

    Thank you

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