Teknosa Ic Ve Dis Ticaret As · BIST:TKNSA
Teknosa Ic Ve Dis Ticaret As — Teknosa — Q2 2025 Earnings Presentation
16 slides from Teknosa Ic Ve Dis Ticaret As's earnings presentation, Aug 7, 2025
Slide 1: 2Q 2025 Earnings Presentation
2Q 2025 EARNINGS PRESENTATION 7 AUGUST 2025
Slide 2: Disclaimer
Disclaimer With the Capital Markets Board of Turkey’s Bulletin dated 28.12.2023 numbered 2023/81, CMB announced that issuers and capital market institutions shall prepare their annual financial statements ending on 31.12.2023 or later, in accordance with IAS 29 inflationary accounting provisions. Ac
Slide 3: 2Q Overview
• We continue to navigate two key macroeconomic challenges; elevated 153 Stores interest rates, and a slowdown in demand, both of which are pressuring spending behavior and increasing financial and operational costs. 633 m 2 • Despite high inflation and a market slowdown, our revenues remained Avera
Slide 4: Better market performance in the second quarter has contributed to an improved overall outlook
Better market performance in the second quarter has contributed to an improved overall outlook for the first half Market Revenue Growth1 Demand Growth by Categories - YTD1 (Real, Y-o-y%) (Real, Y-o-y%) -3% -3% 12% -7% Panel -7% -10% Market Telecom Home Appliances (SDA) Information Technologies White
Slide 5: Headwind mitigation actions have been in place since early 2025
Headwind mitigation actions have been in place since early 2025, and in the second quarter, we intensified our efforts with higher-impact measures 1 2 3 Rationalizing our Cost Base to Optimizing our Stock Levels Capturing Revenue & Margin Fit into 2025 Realities While Strengthening Financial Upside
Slide 6: Capturing Revenue & Margin Upside Opportunities in a Tightened Market
1 Capturing Revenue & Margin Upside Opportunities in a Tightened Market Revenues (Mn TL) Gross Profit Margin • Despite ongoing market contraction, demand normalized in • Although the market remained intensely competitive, our gross May, supported by Mother’s Day. profit margin improved further, driv
Slide 7: Rationalizing our Cost Base to Fit into 2025 Realities
2 Rationalizing our Cost Base to Fit into 2025 Realities Item Action Opex Margin -0.4%* Workforce and other personnel cost Personnel -0.4% optimization in HQ and stores 0.5% 11.9% -0.02% -0.1% -0.4% 11.6% Aggressive ongoing fact-based negotiations Rent Store network optimization 2Q24 Personnel Rent
Slide 8: Optimizing our Stock Levels While Strengthening Financial Discipline & Liquidity Management
3 Optimizing our Stock Levels While Strengthening Financial Discipline & Liquidity Management Improved Net Working Initiatives to Increase Non- Total Net Financial Expenses**- Capital (Mn TL) Credit Card Payment Share to-Revenues Ratio • Thanks to financing optimization • As a result of these effort
Slide 9: The net loss in 2Q was due to decline in monetary gains and deferred tax income
The net loss in 2Q was due to decline in monetary gains and a reduction in deferred tax income year-over-year, as well as the impact of one-off operating expense items +302 Mn TL 183 293 54 179 87 -455 450 -542 -757 2Q24 EBITDA Other Net Financal Monetary Deferred 2Q25 Adding back 2Q25 Net Differenc
Slide 10: AI-use case implementations supporting our Digital First Company vision
We are continuing our AI-use case implementations focusing on immediate value creation and supporting our "Digital First Company" vision CAPEX/6M Sales Ratio Ongoing Digitalization Transformation Projects • While CAPEX for 1H25 amounted to 342 Mn TL, • We have successfully implemented the ERP system
Slide 11: In Summary
Taking proactive steps to capture revenue and margin opportunities by increasing sales of complementary product, services and high margin categories, continuing to drive growth in the online channel and optimizing the retail mix Rationalizing our cost base to align with the 2025 realities, through i
Slide 12: Q&A
Q&A TEKNOSA Investor Relations e-mail: INVESTOR RELATIONS yatirimciiliskileri@teknosa.com Ümit Kocagil CFO Dilek Aktaş Head of Finance & IR Sibel Turhan IR Manager Teknosa | Genel (Halka Açık) | Public
Slide 13: Appendix
APPENDIX Teknosa | Genel (Halka Açık) | Public
Slide 14: Key Financials
Key Financials Revenues (Mn TL) EBITDA (Mn TL) Net Income (Mn TL) 39,008 35,163 1,397 1,024 -896 -981 1H24 1H25 1H24 1H25 1H24 1H25 14
Slide 15: Summary Income Statement
Summary Income Statement 2Q25 2Q24 Change (%) 1H25 1H24 Change (%) Net Sales (Mn TL) 17,667 17,613 0.3% 35,163 39,008 -9.9% Gross Profit (Mn TL) 2,545 2,172 17% 4,764 4,580 4% Gross Profit Margin (%) 14.4% 12.3% 2.1% 13.5% 11.7% 1.8% Opex/Sales (%) 11.6% 11.9% -0.4% 12.2% 11.2% 1.0% EBITDA (Mn TL) 9
Slide 16: Summary Balance Sheet
Summary Balance Sheet Jun 25 Dec 24 Assets (Mn TL) Current Assets 14,596 17,039 Cash and Cash Equivalents 1,326 2,983 Trade Receivables 1,934 1,410 Inventories 11,021 12,467 Other Current Assets 314 180 Non-current Assets 4,713 4,168 Property, Plant and Equipment 1,091 1,532 Intangible Assets 1,039