Pinar Sut Mamulleri Sanayii A.s. · BIST:PNSUT
Pinar Sut Mamulleri Sanayii A.s — Pınar Süt — Q1 2021 Earnings Presentation
13 slides from Pinar Sut Mamulleri Sanayii A.s's earnings presentation, 2021
Slide 1: Pınar Süt Financial Presentation 2021-Q1
Pınar Süt Financial Presentation 2021-Q1
Slide 2: Pınar Süt at a Glance
2021-Q1 PINAR SÜT AT A GLANCE 1
Slide 3: Highlights
2021-Q1 HIGHLIGHTS 556.0 9.7% 32.6 million TL Turnover million TL Net Sales Growth Net Profit 9.3 7.8 1,164 million TL million TL AVERAGE NUMBER Export Turnover Investment OF EMPLOYEES ˗ Annual inflation in the food and non-alcoholic beverages group fell from 20.6 percent to 17.4 percent in the firs
Slide 4: Market Dynamics: Production and Cost
2021-Q1 MARKET DYNAMICS PRODUCTION AND COST Inflation and Raw Milk Prices Progress TURKSTAT, NMC 140 130 131,2 120 121,7 115,0 110 100 90 PPI Unprocessed Food Raw Milk Price Production of Dairy Products in Turkey 1,613 TURKSTAT 1,469 - The price per liter of raw milk 2019 determined by the National
Slide 5: Market Dynamics: Consumption and Market
2021-Q1 MARKET DYNAMICS CONSUMPTION AND MARKET Amount Share of Packaged Products Penetration of Packaged Products IPSOS 55.2% 59.7% 95.9% 96.4% 97.0% 96.8% 43.2% 36.9% Milk Cheese Milk (UHT) Cheese 2019 2020 Total Milk and Total Cheese Turnover and Volume Nielsen, Exc. Discount Markets 375.3 387.3 3
Slide 6: Market Position
2021-Q1 MARKET POSITION Market Shares Based on Products Nielsen, Exc. D.M. Product Share Position - “Dengede Kal, Sağlıkla Kal!” of advertising Total UHT Milk 28.6% 1# campaigns were carried out for Pınar Denge UHT Light Milk 45.4% 1# Lactose-Free product family and Pınar Denge Enriched Milk (Kids)
Slide 7: Net Sales Breakdown
2021-Q1 FINANCIALS NET SALES BREAKDOWN *Other Based on 9% Product Groups Dairy *Fruit juice, sauce, other Products 91% Based on Export 12% Sales Channel Direct 1% YBP 87% 6
Slide 8: Income Statement
2021-Q1 FINANCIALS INCOME STATEMENT 01.01.21 01.01.20 (Million TL) 31.03.21 31.03.20 Difference Change Net Sales 556.0 506.9 49.1 9.7% Cost of Goods Sold (471.6) (430.9) (40.6) 9.4% Gross Profit 84.5 76.0 8.5 11.2% R&D Expenses (4.3) (3.3) (1.1) 32.1% Sales, Distribution and Marketing (40.3) (32.4)
Slide 9: Sales and Profitability – Annually
2021-Q1 FINANCIALS SALES AND PROFITABILITY – ANNUALLY Net Sales Gross Profit million TL 300,0 17.9% 15.6% 12.9% 16,0% 250,0 15.9% 12.2% 14,0% 200,0 12,0% 262.1 10,0% 150,0 231.6 203.1 8,0% 2.028 100,0 191.1 196.8 6,0% 1.488 1.665 1.068 1.240 50,0 4,0% 2,0% 0,0 0,0% 2016 2017 2018 2019 2020 2016 2017
Slide 10: Sales and Profitability – Quarterly
2021-Q1 FINANCIALS SALES AND PROFITABILITY – QUARTERLY Net Sales Gross Profit million TL 2,028 15.6% 15.2% 15.0% 12.2% 12.9% 13.1% 1,665 1,488 546 556 507 2018 2019 2020 4Q20 1Q21 1Q20 2018 2019 2020 4Q20 1Q21 1Q20 EBITDA Net Profit 7.7% 8.0% 5.9% 7.0% 5.4% 5.1% 5.3% 4.8% 3.3% 2.1% 2.0% 0.3% 2018 20
Slide 11: Financial Ratios and Capital Expenditures
2021-Q1 FINANCIALS FINANCIAL RATIOS 2017/12 2018/12 2019/12 2020/12 2021/03 Current Ratio 1.21 1.07 1.23 1.10 1.13 Leverage Ratio 0.43 0.44 0.42 0.45 0.48 Current Borrowings/Total Borrowings (Fin.) 0.64 0.81 0.44 0.74 0.69 Net Fin. Borrowings/EBITDA 1.70 1.14 1.62 2.85 3.03 Net Fin. Borrowings/Equit
Slide 12: Ownership Structure
2021-Q1 OWNERSHIP STRUCTURE Shareholder Share Rate (%) Share Amount(TL) YAŞAR HOLDİNG A.Ş. 61.41 27,603,901.57 OTHER 38.59 17,347,149.68 Total 100.00 44,951,051.25 The company’s shares are traded at Borsa Istanbul Star Market under the ticker symbol PNSUT. 11
Slide 13: Disclaimer and Contact
2021-Q1 DISCLAIMER AND CONTACT BİLGİLERİ 12