Migros Ticaret A.s. · BIST:MGROS

Migros Ticaret A.s — Q3 2011 Earnings Presentation

8 slides from Migros Ticaret A.s's earnings presentation, November 2011

  1. Slide 1: Migros Ticaret A.Ş. 3Q 2011 Financial Results

    Migros Ticaret A.Ş. 3Q 2011 Financial Results November 2011

  2. Slide 2: Disclaimer Statement

    Disclaimer Statement Migros Ticaret A.Ş. (the ―Company‖) has prepared this presentation for the sole purpose of providing information about its business, operations and financial results. The information in this presentation is subject to updating, revision and amendment. The information in this pre

  3. Slide 3: Content

    P2 CONTENT 1) Financial Overview 2) Quarterly / YTD Financial Highlights 3) Net Profit / Loss 4) Expansion 5) Guidance & Conclusion

  4. Slide 4: Financial Overview 9M 2011

    1 Financial Overview 9M 2011 Consolidated sales 10.5 % higher than last year P3  56 supermarkets and 4 hypermarkets were opened in Turkey in the first 9 months of the year  International operations generated sales of TL 245mn, which represents 6% of consolidated sales in 9M11 Sales (TL million) 6.

  5. Slide 5: Quarterly / YTD Financial Highlights

    2 Quarterly / YTD Financial Highlights Quarterly / YTD Sales Analysis P4 Quarterly / YTD Sales  Migros continues to generate double digit (TL million) top line growth in Q3 as well. Construction 4.253 3.848 1.465 1.613 3Q 10 3Q 11 9M 10 9M 11 Quarterly / YTD Gross Profit Analysis Quarterly / YTD Gr

  6. Slide 6: EBITDA to Net Profit/Loss Bridge – 3Q 2011 / 9M2011

    3 EBITDA to Net Profit/Loss Bridge – 3Q 2011 / 9M2011 EBITDA to Net Loss Bridge P5 3Q2011 Construction (TL million) 114 -36 243 -13 91 -61 -155 EBITDA Depreciation Net Financial Non-Cash Discontinued Tax Net Profit &Other Expense Net FX Loss Operations Profit / Loss* 9M2011 (TL million) 287 -112 -11

  7. Slide 7: Expansion

    4 Expansion Store Openings P6  In 9M11, 56 supermarkets and 4 hypermarkets were opened in Turkey Number of Stores - Total Construction  142 Tansas stores converted to Migros banner between 4Q10 731 654 and April 2011  Conversion of Tansaş stores in Istanbul & Anatolia provided Migros banner with

  8. Slide 8: Guidance 2011 and Medium Term

    5 Guidance 2011 and Medium Term P7  Sales growth: Double digit sales growth to be achieved in 2011 and to continue in the medium term  Gross profit: Full Year Gross margin is sustainable within the range of 25.5 – 26.0%  EBITDA margin: Full year 2011 EBITDA margin range expectation revised upward

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