Konfrut Tarim A.s. · BIST:KNFRT
Konfrut Tarim A.s — Konfrut Tarım A.Ş. — FY2024 Earnings Presentation
20 slides from Konfrut Tarim A.s's earnings presentation, December 2024
Slide 1: Investor Presentation FY2024 Financial Results
00 Investor Presentation FY2024 Financial Results 1
Slide 2: Contents
Contents 2024 Highlights Konfrut at a Glance and the Year 2024 Market Dynamics Main Business Units Consolidated Financial Results Share Price Development 2
Slide 3: 2024 Highlights
2024 Highlights 2024 Developments in the Transformation into a Next-Generation Agricultural Supply Chain Company Agriculture-Focused Restructuring Growth Through a Subsidiary Structure Under the ‘Konfrut Tarım’ December 2023 May 2024 Konfrut has embarked on a transformation journey to become Konfrut
Slide 4: 2024 Highlights: 2024 Financial Overview
2024 Highlights 2024 Financial Overview Sales • In 2024, Konfrut successfully diversified its operations compared to the previous year. • In 2024, Konfrut AG procured 465 thousand tons of agri sourcing. However, due to 18% of the raw materials being delivered to the Denizli Plant within the first se
Slide 5: Konfrut at a Glance and the Year 2024
Konfrut at a Glance and the Year 2024 For Konfrut, 2024 marked a year of transformation into a next-generation agricultural supply chain company, characterized by growth through its affiliate structure. • Konfrut completed the year with a consolidated revenue of TRY 3.5 billion. • The profit from ag
Slide 6: Market Dynamics: Food Prices
Market Dynamics World Food Prices • According to data from the Food and Agriculture World Food Price Index (Annually) Organization (FAO) of the United Nations, global 144,5 food prices declined in 2024, reaching 122.0 146,0 points. This decrease was primarily driven by 136,0 improved production expe
Slide 7: Market Dynamics: Agricultural Input Prices
Market Dynamics Agricultural Input Price Index By Sub-groups, December 2024 Agrochemicals 22,1 Domestic Production and Cost Fertilizer and Soil Improvers 21,5 Agricultural-IPI 32,5 Seed and Planting Material 52,3 Production Data Energy and Oil 23,2 0 20 40 60 With Selected Fruit and Vegetable Produc
Slide 8: Market Dynamics: Fresh Fruit and Vegetable Export
Market Dynamics Fresh Fruit and Vegetable Export Turkey’s Fresh Fruit and Vegetable Exports in 2024 Volume Basis: Turnover Basis: • In 2024, Turkey’s fresh produce exports — including fresh fruits, vegetables, and citrus — declined by 10% in volume compared to the previous year, totaling 4.2 million
Slide 9: Main Business Units
Main Business Units Konfrut in the Near Future With the aim of becoming the leading exporter of fresh agrİ products, Konfrut will continue to expand agricultural production Konfrut is Reshaping the Agricultural Supply Chain with the Vision of and lead the sector through digital transformation initia
Slide 10: Year 2024 Consolidated Financial Results
Year 2024 Consolidated Financial Results 10
Slide 11: Net Sales
Net Sales Sales Volume 453 K +6,4% tons 426 K • In 2024, Konfrut's volume of agri sourcing supply amounted to 465 tons thousand tons. 18% of the agri sourcing supplied were used in the fruit and vegetable processing unit, which continued to operate in the first seven months of the year. The remainin
Slide 12: Profitability
Profitability 300,0 Gross Profit and Gross Margin 7% 7% -19,9% 250,0 6% 259,2 • In 2024, the year of Konfrut’s transformation into a next-generation agricultural 200,0 6% 207,7 supply chain company, the company achieved a net profit from continuing 150,0 6% 6% operations of TRY 60.2 million, support
Slide 13: Investments
Investments With a Vision of Growth Through a Regional Partnership Structure, Konfrut Made Its First Strategic Investment via the Konfrut GAP Joint Venture. Konfrut GAP Investments Distribution of Investments • Konfrut acquired 50% shares of Raz Gıda Tarım Ürünleri A.Ş. (“Raz TRY 3,1 mn Gıda”) throu
Slide 14: Indebtedness
Indebtedness Distribution of Financial Liabilities • As of the end of 2024, consolidated net financial debt decreased by 62% compared to the previous year. • Financing expenses improved as a result of the reduced debt level. TRY 16,3 mn Net Financial Indebtedness TRY 295,7 mn Euro 3,1 mn TRY 111,0 m
Slide 15: Summary Income Statement
Summary Income Statement (Million TRY) 2024 2023 Change (%) Net Sales 3.540,9 3.983,9 -11,1% Cost of Sales (3.333,2) (3.724,6) -10,5% Gross Profit 207,7 259,2 -19,9% General Administrative Expenses (107,6) (81,7) 31,6% Marketing Expenses (159,1) (146,3) 8,8% Operating Profit (59,0) 31,2 -288,8% EBIT
Slide 16: Summary Balance Sheet
Summary Balance Sheet (Million TRY) December 31, 2024 December 31, 2023 Current Liabilities 1.985,2 2.877,9 Cash and Cash Equivalents 18,2 47,7 Trade Receivables 724,0 622,8 Inventories 198,4 1.453,0 Non-Current Assets 664,8 934,3 Total Assets 2.650,0 3.812,1 Current Liabilities 914,3 2.030,2 Short
Slide 17: Financial Ratios
Financial Ratios 01.01.2024-31.12.2024 01.01.2023-31.12.2023 Gross Margin 5,9% 6,5% 31.12.2024 31.12.2023 Current Ratio 2,2 1,4 Acid - Test Rate 2,0 0,7 Leverage Ratio 42,1% 57,9% Total Financial Debt/Shareholders' Equity 8,4% 21,4% 17
Slide 18: Share Price Development
Share Price Development Through capital increases funded from internal resources in recent years, Konfrut has strengthened its financial structure. As of the end of 2024, the company’s market capitalization reached TRY 2.9 billion. In 2024, the average daily trading volume stood at TRY 22 million. S
Slide 19: Disclaimer
Disclaimer This presentation includes information regarding Konfrut Tarım A.Ş. (Konfrut Tarım) and its subsidiaries, Konfrut AG Tarım A.Ş. (Konfrut AG) and Konfrut GAP Tarım A.Ş. (Konfrut GAP), as well as analyses of their financial statements and current views on potential future developments. Whil
Slide 20: Investor Relations
Investor Relations Cemre Ekici Bayram - Investor Relations Manager Phone: +90 216 545 68 68 E-mail: yatirimci@konfrut.com.tr yatirimciiliskileri.konfrut.com.tr/en 20