Dogus Otomotiv Servis Ve Ticaret Anonim Sirketi · BIST:DOAS
Dogus Otomotiv Servis Ve Ticaret Anonim Sirketi — Doğuş Otomotiv Servis ve Ticaret A.Ş. — Q2 2022 Earnings Presentation
25 slides from Dogus Otomotiv Servis Ve Ticaret Anonim Sirketi's earnings presentation, Aug 19, 2022
Slide 1: 2Q 2022 Analyst Briefing Presentation
2Q 2022 ANALYST BRIEFING PRESENTATION Kerem Talih 19 AUGUST 2022 TR : Kurumsal bilgiler içermektedir. Sadece ilgili ekipler ve 3. taraflar ile kontrollü olarak paylaşılmalıdır. // EN : Contains corporate information. It should only be shared in a controlled manner with the relevant teams and third p
Slide 2: Jan-June 2022 Doğuş Otomotiv Main Segment Sales (Retail)
JAN - JUNE 2022 DOGUS OTOMOTIV MAIN SEGMENT SALES (Retail) 500.000 400.000 300.000 200.000 RETAIL MARKET 100.000 0 Retail PV Premium LCV HCV June 21 407.612 310.325 29.076 84.376 12.911 June 22 370.649 278.282 25.739 79.622 12.745 ∆ -9% -10% -11% -6% -1% 80.000 60.000 40.000 DOAS PERFORMANCE 20.000
Slide 3: Competition (Retail - June)
COMPETITION (Retail - June) VW PC ranked 3rd in the RETAIL MARKET YTD June YTD June 21 Year - End/ June 21/ cumulative passenger vehicle 2020 2021 2021 2022 June 22 ∆ June 22 ∆ market with 9.2% market share. PASSENGER CAR % RENAULT GRUP 22,5 20,7 19,2 23,7 3,0 4,5 DOGUS OTOMOTİV 17,6 18,9 21,7 17,0
Slide 4: Jan-June 2022 Passenger Vehicle Market (%) (Retail)
JAN - JUNE 2022 PASSENGER VEHICLE MARKET (%) (Retail) 35,0 32,5 30,8 - PC market decreased by 10% yoy. 30,0 23,7 - DOAS shares a 17% market share at 2nd 25,0 21,7 place 20,0 19,2 17,0 15,3 15,0 13,9 12,7 13,1 - The strongest competitor of DOAS in this 10,0 segment is Renault with 23.7% market 5,0 sh
Slide 5: Jan-June 2022 Light Commercial Vehicle Market (%) (Retail)
JAN - JUNE 2022 LIGHT COMMERCIAL VEHICLE MARKET (%) (Retail) 40,0 35,0 33,6 31,9 - Light Commerical Vehicle market 30,0 26,4 decreased by 6% yoy. 23,9 25,0 23,3 23,8 - DOAS shares a 4.5% market share at 6th 20,0 place. 15,0 10,8 11,7 10,3 10,0 - Leaders in the LCV market are Ford Otosan 4,5 with 33.
Slide 6: Jan-June 2022 Doğuş Otomotiv Brand Sales Performance
JAN - JUNE 2022 DOĞUŞ OTOMOTIV BRAND SALES PERFORMANCE WHOLESALE UNITS 06M21 06M22 Δ VW PC 34.847 25.411 -27% SKODA 16.663 9.425 -43% AUDI 7.003 6.669 -5% VW LCV 8.886 3.551 -60% SEAT 7.973 3.438 -57% CUPRA 77 1.175 1426% SCANIA 1.635 591 -64% PORSCHE 360 253 -30% BENTLEY 7 9 29% LAMBORGHINI 8 3 -63
Slide 7: January-July 2022 Doğuş Otomotiv Main Segment Sales (Retail)
JANUARY - JULY 2022 DOGUS OTOMOTIV MAIN SEGMENT SALES (Retail) 500.000 400.000 300.000 200.000 RETAIL MARKET 100.000 0 Retail PV Premium LCV HCV July 21 456.790 346.636 33.193 95.914 14.240 July 22 425.275 319.313 29.277 90.797 15.165 ∆ -7% -8% -12% -5% 6% 80.000 60.000 DOAS 40.000 PERFORMANCE 20.00
Slide 8: January-July 2022 Doğuş Otomotiv Brand Sales Performance
JANUARY- JULY 2022 DOĞUŞ OTOMOTİV BRAND SALES PERFORMANCE WHOLESALE UNITS 07M21 07M22 Δ VW PC 37.867 30.936 -18% SKODA 18.156 10.636 -41% AUDI 8.052 7.381 -8% VW LCV 9.858 4.337 -56% SEAT 9.076 3.857 -58% CUPRA 97 1.209 1146% SCANIA 1.785 777 -56% PORSCHE 396 338 -15% BENTLEY 8 9 13% LAMBORGHINI 8 3
Slide 9: Competition (Retail - July)
COMPETITION (Retail - July) RETAIL MARKET YTD July YTD July 21 Year - End/ July 21/ 2020 2021 2021 2022 July 22 July 22 ∆ ∆ PASSENGER CAR % RENAULT GRUP 22,5 20,7 19,0 23,0 2,4 4,0 DOGUS OTOMOTİV 17,6 18,9 21,8 17,0 -1,9 -4,8 TOFAS 15,9 13,6 13,8 16,7 3,0 2,9 STELLANTIS 14,9 13,0 12,3 12,7 -0,4 0,4
Slide 10: Financial Performance
FINANCIAL PERFORMANCE TR : Kurumsal bilgiler içermektedir. Sadece ilgili ekipler ve 3. taraflar ile kontrollü olarak paylaşılmalıdır. // EN : Contains corporate information. It should only be shared in a controlled manner with the relevant teams and third parties. Volkswagen Taigo
Slide 11: Financial Performance (mn TL)
FINANCIAL PERFORMANCE (mn TL) Net Sales EBITDA Net Profit 3.590 2.773 %39 3.275 %179 %212 24.306 2.336 18.900 18.854 13.600 1.575 1.285 1.042 889 2020 2021 6M2021 6M2022 2020 2021 6M2021 6M2022 2020 2021 6M2021 6M2022 CapEx Total Assets Working Capital* 13.946 %43 %50 9.606 330 %149 241 9.755 6.390
Slide 12: Margins %
MARGINS % Gross Profit Margin OpEx/Sales EBITDA Margin 5,5% 19,0% 21,1% 3,7% 13,5% 14,5% 13,1% 12,6% 9,4% 2,8% 8,3% 1,8% 2020 2021 6M2021 6M2022 2020 2021 6M2021 6M2022 2020 2021 6M2021 6M2022 EBIT Margin Net Profit Margin Wholesale Market Sales* 18,3% 100.130 94.839 14,7% 12,7% 9,6% 60.796 8,8% 7,6
Slide 13: Income Statement Q-on-Q and Y-on-Y Comparisons
INCOME STATEMENT Q-on-Q and Y-on-Y Comparisons TL’000 2Q 2022 1Q 2022 Δ 2Q 2022 2Q 2021 Δ Wholesale Sales Volume (excl. Skoda, incl. 23.960 17.140 40% 23.960 31.570 -24% Scania) Revenue 11.614.225 7.240.156 60% 11.614.225 7.404.281 57% Direct cost of revenue -9.081.835 -5.790.195 57% -9.081.835 -6.4
Slide 14: Income Statement
INCOME STATEMENT TL’000 30.06.2022 30.06.2021 Δ 2022/2021 Wholesale Sales Volume (excl. Skoda, incl. 41.100 60.796 -32% Scania) Revenue 18.854.381 13.599.744 39% Direct cost of revenue -14.872.030 -11.892.286 25% Gross profit 3.982.351 1.707.458 133% Total Operational Expenses -523.834 -506.430 3% E
Slide 15: Income from Associates
INCOME FROM ASSOCIATES TL’000 30.06.2022 30.06.2021 Δ 2022/2021 Associates vdf Group* 77.329 68.318 13% vdf 0 13.400 -100% vdf Servis 77.329 54.918 41% Doğuş Sigorta 3.880 1.892 105% Yüce Auto (Škoda) 194.650 27.752 601% TÜVTÜRK N&S (Consolidated) 90.479 77.977 16% Doğuş Teknoloji -2.312 1.341 -272%
Slide 16: Balance Sheet
BALANCE SHEET Inventories: Number of vehicles increased TL’000 30.06.2022 31.12.2021 Δ from 4,971 units on 31.12.2021 to 9,099 units ASSETS 13.945.713 9.754.599 43% on 30.06.2022. Cash and cash equivalents 2.133.272 3.409.576 -37% Trade receivables 3.129.817 1.010.816 210% Financial Liabilities: Inv
Slide 17: Financing Costs
FINANCING COSTS Million TL 30.06.2022 30.06.2021 Δ 2022/2021 Financing Cost, net 399.229 258.362 55% Finance Expenses 403.600 283.829 42% Interest Expense on Borrowings 307.995 227.828 35% Commission Expenses on Letters of Guarantee 42.394 32.914 29% Interest Expense on Lease Liabilities 18.566 12.7
Slide 18: Financial Performance
FINANCIAL PERFORMANCE Million TL 30.06.2022 31.12.2021 Δ Working capital 9.606 6.390 50% Net Cash Position* -578 485 -219% Receivable Turnover (day) 30 15 100% Inventory Turnover (day) 53 35 54% Payable Turnover (day) 46 22 113% * Net Cash Position is calculated in line with IFRS 16. Bank loans and
Slide 19: Material Event Disclosures in 2Q 2022 and Subsequent Events
MATERIAL EVENT DISCLOSURES IN 2Q 2022 SUBSEQUENT EVENTS ➢ 02.04.2022 - Regarding the Registration of the Amendments to the Articles of Association The amendments made to the article titled "3 - Purpose and Subject Matter" of our articles of association, whose legal permissions were obtained from the
Slide 20: Material Event Disclosures in 2Q 2022 and Subsequent Events
MATERIAL EVENT DISCLOSURES IN 2Q 2022 SUBSEQUENT EVENTS ➢ 17.06.2022 – TÜVTURK Capital Increase -With the decision taken at the company's general assembly held on June 09, 2022, 25,250,000 TRY of paid-in capital of TÜVTURK Güney Taşıt Muayene İstasyonları Yapım ve İşletim AŞ, in which we have a dire
Slide 21: Integrated Management Systems
Integrated Management Systems 21/25 TR : Kurumsal bilgiler içermektedir. Sadece ilgili ekipler ve 3. taraflar ile kontrollü olarak paylaşılmalıdır. // EN : Contains corporate information. It should only be shared in a controlled manner with the relevant teams and third parties.
Slide 22: Social and Environmental
VW AG's supply chain sustainability program moved on to the second stage Human Rights Education SOCIAL ECONOMIC Authorized Dealer Corporate Governance & Sustainability & Human Rights Officer Program CMB Communiqué Compliance and Information Studies Code of Ethics Supplier inspections on purchase and
Slide 23: 2022 Expectations
2022 EXPECTATIONS Sustainability and Mobility Digitalization Climate Change Priorities Operational Efficiency and Service Areas Optimum Profitability Cautious Expenditure Management OEM Strategy: Maintain represented brands’ competitive position. Total Automotive Market Investment Expenditure (PC+LC
Slide 24: Thank You – Q & A
THANK YOU – Q & A TR : Kurumsal bilgiler içermektedir. Sadece ilgili ekipler ve 3. taraflar ile kontrollü olarak paylaşılmalıdır. // EN : Contains corporate information. It should only be shared in a controlled manner with the relevant teams and third parties. Scania R500
Slide 25: TR : Kurumsal bilgiler içermektedir. Sadece ilgili ekipler ve 3. taraflar ile kontrollü olarak
TR : Kurumsal bilgiler içermektedir. Sadece ilgili ekipler ve 3. taraflar ile kontrollü olarak paylaşılmalıdır. // EN : Contains corporate information. It should only be shared in a controlled manner with the relevant teams and third parties.
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