14 slides from Pinar Sut Mamulleri Sanayii A.s's earnings presentation, March 2022
Slide 1: Pınar Süt Financial Presentation 2022-Q1
PINAR SÜT FINANCIAL PRESENTATION 2022-Q1
Slide 2: Contents
CONTENTS PINAR SÜT AT A GLANCE MARKET DYNAMICS MARKET POSITION FINANCIALS RESULTS SHAREHOLDING STRUCTURE & STOCK PERFORMANCE 2
Slide 3: Pınar Süt at a Glance
PINAR SÜT AT A GLANCE 1.03 12.4 30 Countries million USD Export 12.6 80.9 86.53% 1.256 01.01.2022-31.03.2022 01.01.2021-31.03.2021 Income Gross Profit Margin 17.2% 15.2% Statement Operating Profit Margin 8.6% 4.4% Ratios Net Profit Margin 7.8% 5.9% 31.03.2022 31.12.2021 Balance Current Rate 1.1 1.1
Slide 4: Market Dynamics - Production and Cost
MARKET DYNAMICS - PRODUCTION AND COST • Food and non-alcoholic beverage prices increased by 4.73% in March, and the group's annual inflation rose by 5.86 points to 70.33%.In March, the highest increase of all time was recorded in the FAO international food price index in US dollars, with a 12.64% in
Slide 5: Market Dynamics - Production and Cost
MARKET DYNAMICS - PRODUCTION AND COST Total Milk and Total Cheese Turnover and Volume 2022-Q1 1.5 96.3 billion millon 91.7 2021-Q2 TL litres millon 1,0 1,0 litres 24.5 billion billion 23.2 0,7 TL million million billion TL kg kg TL Total Milk Total Cheese Total Milk Total Cheese Production of Dairy
Slide 6: Market Dynamics - Consumption and Market
MARKET DYNAMICS - CONSUMPTION AND MARKET Share of Packaged Products Packaged Products Penetration IPSOS 59.7% 57.8% 99.5% 100.0% 99.4% 100.0% 46.4% 48.9% Milk (UHT) Cheese Milk (UHT) Cheese 2020 2021 Dairy Products Market Turnover Breakdown Ayran Nielsen, Excl. DM, 4% 2022-Q1 Butter 8% Milk • Accord
Slide 7: Market Position
MARKET POSITION Market Shares of Pınar Süt Pınar Süt and Competitors Nielsen, Excl. DM, Nielsen, Excl. DM, 2022-Q1 2022-Q1 Product Share Position Pınar Closest Competitor Total UHT Milk 25.4% 1# UHT Light Milk 34.3% 1# Enriched Milk (Kids) 66.3% 1# Protein Milk 61.3% 1# Total UHT UHT Light Enriched
Slide 8: Market Position - Exports
PAZARDAKİ KONUM Export to EXPORT 32 • Gulf countries take the first place in exports. The United Arab Emirates (UAE), 14.2 Countries Kuwait, Iraq, TRNC and Azerbaijan are among the first places in the company's Share in Milk and Dairy Product trade in global markets, and Bahrain, Qatar and the USA a
Slide 9: Financial Results in 2022-Q1 – Net Sales Breakdown
FINANCIAL RESULTS IN 2022-Q1 – NET SALES BREAKDOWN Based on Products Groups Based on Sales Channel *Other Export 11% 16% Direct Yaşar Birleşik Dairy Products 1% Pazarlama 89% 83% *Yaşar Birleşik Pazarlama, *Fruit juice, the distribution company sauce, other of Yaşar Food Group. 9
Slide 10: Financial Results in 2022-Q1 – Income Statement
FINANCIAL RESULTS IN 2022-Q1 – INCOME STATEMENT 01.01.22 01.01.21 (Million TL) 03.31.2022 03.31.2021 Difference Change Net Sales 1,037.1 556.0 481.1 86.5% Cost of Goods Sold (858.3) (471.6) (386.7) 82.0% Gross Profit 178.9 84.5 94.4 111.7% R&D Expenses (6.1) (4.3) (1.8) 40.3% Sales, Distribution and
Slide 11: Financial Results in 2022-Q1 - Sales and Profitability
FINANCIAL RESULTS IN 2022-Q1 - SALES AND PROFITABILITY Net Sales Gross Profit million TL 20.0% 345.0 322.0 299.0 15.9% 15.6% 18.0% 276.0 12.9% 13.0% 16.0% 253.0 230.0 12.2% 348.1 14.0% 207.0 12.0% 184.0 262.1 10.0% 161.0 2,682 138.0 8.0% 2,028 115.0 231.6 1,488 1,665 92.0 203.1 6.0% 1,240 69.0 46.0
Slide 12: Financial Results in 2022-Q1 - Ratios, Investments, Credit Rating
FINANCIAL RESULTS IN 2022-Q1 FINANCIAL RATIOS 2018/12 2019/12 2020/12 2021/12 2022/03 Current Ratio 1.07 1.23 1.10 1.12 1.12 Leverage Ratio 0.44 0.42 0.45 0.42 0.48 Current Borrowings/Total Borrowings (Fin.) 0.81 0.44 0.74 0.86 0.89 Net Fin. Borrowings/EBITDA 1.14 1.62 2.85 2.91 2.71 Net Fin. Borrow
Slide 13: Shareholding Structure & Stock Performance
SHAREHOLDING STRUCTURE & STOCK PERFORMANCE PERFORMANCE OF PINAR SÜT STOCK, BIST-ALL SHAREHOLDING STRUCTURE INDEX AND BIST-FOOD, BEVERAGE INDEX Indexes • Shares of Pınar Süt are traded on the Borsa Istanbul Main Market with the symbol “PNSUT”. • Date of First Transaction: February 3,1986 • Corporate
Slide 14: Disclaimer and Contact Information
DISCLAIMER AND CONTACT INFORMATON 14