Despec Bilgisayar Pazarlama Ve Ticaret A.s. · BIST:DESPC
Despec Bilgisayar Pazarlama Ve Ticaret A.s — Investor Presentation (April 2013)
25 slides from Despec Bilgisayar Pazarlama Ve Ticaret A.s's investor presentation, Apr 9, 2013
Slide 1: Analyst Meetings
Analyst Meetings Erol Bilecik Index Group CEO twitter.com/ErolBilecik 9 April 2013 Divan Hotel, İstanbul
Slide 2: Disclaimer
Disclaimer This presentation contains information and analysis on financial statements as well as forward-looking statements that reflect the Company management’s current views with respect to certain future events. Although it is believed that the information and analysis are correct and expectatio
Slide 3: Agenda
Agenda • IT Sector Tour •Despec Computer Inc.
Slide 4: IT Sector Tour
IT Sector Tour INDEX t GRUP INDEX = delagate DESPEO: Netex “neotech Homend artm@« JELOS
Slide 5: Changes in the Market Share of End Users
Changes in the Market Share of End Users 2013 T 18% 9% 13% 14% 46% 2012 17% 11% 14% 14% 44% 2011 18% 11% 15% 14% 42% 2010 17% 13% 16% 14% 40% 2009 18% 14% 16% 14% 38% 2005 22% 25% 25% 10% 18% 2000 25% 35% 23% 7% 10% 1995 38% 30% 20% 5% 7% 1995 2000 2005 2009 2010 2011 2012 2013 T Public Sector 38% 2
Slide 6: Trends in PC & Internet Penetration
Trends in PC & Internet Penetration 60% 70% 58% 60% 48% 60% 50% 44% 52% 40% 40% 50% 44% 34% 37% 40% 30% 30% 25% 20% 15% 12% 20% 15% 10% 10% 0% 2000 2005 2011 2012 2013T 2014T 0% 2000 2005 2010 2011 2012 2013T 2014T PC PCSahiplik Oranı Penetration İnternet InternetSahiplik Oranı Penetration Source: İ
Slide 7: Turkish IT Market 2011 - 2016 (x m $)
Turkish IT Market 2011 - 2016 (x m $) Source : IDC (Excluding Tablets)
Slide 8: Turkish IT Market 2011-2016 (x m $)
Turkish IT Market 2011-2016 (x m $) IT Sector Segments 2011 2012 2013F 2014 F 2015 F 2016 F (x m $) Hardware 5,267 $ 5,264 $ 6,389 $ 7,094 $ 7,777 $ 8,399 $ Software 704 $ 717 $ 789 $ 873 $ 969 $ 1,077 $ Service 1,131 $ 1,170 $ 1,308 $ 1,465 $ 1,641 $ 1,836 $ Total IT 7,102 $ 7,151 $ 8,486 $ 9,432 $
Slide 9: Turkish PC Market / 2011-2012 Analysis (Quantity)
Turkish PC Market / 2011-2012 Analysis (Quantity) Q1 Q2 Q3 Q4 2011 28% 24% 21% 26% 2012 28% 21% 20% 31% Years Q1 Q2 Q3 Q4 Toplam 2011 1,021,619 876,652 746,599 941,281 3,586,151 2012 978,567 748,738 723,597 1,091,709 3,542,611 Growth -4% -15% -3% 16% -1% Source : IDC (Excluding Tablets)
Slide 10: Turkish PC Market / Desktop - Mobile Rates (Quantity)
Turkish PC Market / Desktop - Mobile Rates (Quantity) 2011 PC Market 2012 PC Market 3.586.151 3.542.611 Desktop PC Desktop PC 37% 33% Mobile PC Mobile PC 63% 67% Growth PC Market -1.21% Desktop Market -12.98% Mobile PC Market 5.71% Source : IDC (Excluding Tablets)
Slide 11: Turkish PC Market / Desktop - Mobile -Tablet Shares
Turkish PC Market / Desktop - Mobile -Tablet Shares 2011 PC Market 2012 PC Market 3.947.056 Quantity 4.347.420 Quantity Tablet Tablet 9% 18% Desktop PC Desktop PC 27% 34% Mobile PC Mobile PC 57% 55% Growth PC Market 10.14% Desktop Market -12.98% Mobil Market 5.71% Tablet Market 123.00% Source : IDC
Slide 12: Various Countries PC Market (x 000 Quantity)
Various Countries PC Market (x 000 Quantity) 16.000.000 14.000.000 12.000.000 10.000.000 2011 8.000.000 2012 6.000.000 4.000.000 2.000.000 0 Saudi South Czech Countries Russia Turkey Poland UAE Ukraine Israel Romania Egypt Arabia Africa Republic 2011 13,082 3,586 3,452 2,610 2,584 2,602 2,332 1,151
Slide 13: Important Developments Of Turkish IT Market in 2012
Important Developments Of Turkish IT Market in 2012 • Transformation Strategy to IT Society • Fatih Project • Undeterred Increase of B2C • e-healt
Slide 14: Despec Computer Inc. 2012 Review & 2013 Targets
Despec Computer Inc. 2012 Review & 2013 Targets Oğuz Gülmen General Manager
Slide 15: Company Profile & Our Regions
Company Profile & Our Regions Company Name Despec Computer Inc. Establishment 1998 Legal Status Public Company – ISE Chairman Erol BİLECİK General Manager Oğuz Gülmen Head Office / Number of Branch Establishment City Employees Head Office July 89 İstanbul 22 Branch April 92 Ankara 2 Branch April 95
Slide 16: Despec Computer Yearly Revenue (Mio TRL)
Despec Computer Yearly Revenue (Mio TRL) 160 152 50% 134 129 140 131 40% 120 110 104 30% 100 88 Million TRL 20% 80 70 66 63 10% 60 45 0% 40 20 -10% 0 -20% 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Despec Net Sales % Growth
Slide 17: 2011 - 2012 Revenues (000 TRL)
2011 - 2012 Revenues (000 TRL) 50.000 40.000 30.000 2011 2012 20.000 10.000 0 1Q 2Q 3Q 4Q 39,356 35,410 33,258 44,370 2011 30,367 33,713 27,351 38,054 2012
Slide 18: Major Products Groups & Status
Major Products Groups & Status Number of Product Name Product Group Rank Disty HP Ink, Toner, Paper, Data Storage 3 1 Canon Ink, Toner, Kağıt, Data Storage 2 1 Oki Ink, Toner, Ribbon 3 1 Lexmark Ink, Toner, Ribbon 4 1 Trust IT Accessories 2 1 Targus IT Accessories 2 1 IBM Toner, Data, Storage, Ribbo
Slide 19: Summarized P/L Account
Summarized P/L Account (000) TRL Net Sales Gross Profit Gross Profit Margin (%) EBITDA EBITDA Margin (%) Operational Profit Operational Profit Margin (%) Financial Income /(Expenses), Net Tax Expenses Net Profit Net Profit Margin (%) INDEX{GRUP IRDER iistyste pispec’ Netex 2012 129.485 13.336 10,3 7
Slide 20: Summarized Balance Sheet (000 TRL)
Summarized Balance Sheet (000 TRL)
Slide 21: Net Financial Debt (000 TRL & USD)
Net Financial Debt (000 TRL & USD)
Slide 22: Working Capital (000 TRL)
Working Capital (000 TRL) Working Capital / Net Sales
Slide 23: Cash Flow (000 TRL)
Cash Flow (000 TRL) DESPEC Tiirkiye (000) TRL 31.12.2012 31.12.2012 Activity of Net Cash Flow (137) 10.152 Investment Activities (155) (15) Changes in Cash (292) 10.137 “Ende in Financial Debts (8.975) (1.772) INDEX {GRUP TNBEX islet: passe’ Netex _“heotech Homend, antm@« TEOS
Slide 24: Financial Ratios
Financial Ratios DESPEC™ Tiirkiye Current Ratio Quick Ratio on Day Receivables Days Payables Days 2 2 Inventory Days 31 32 Capital / Total Liabilities & Capital 71,1% 70,1% Short T. Debts / Total Liabilities & Capital 285% 29.5% Long T. Debts / Total Liabilities & Capital 0,4% 0.3% Financial Debts /
Slide 25: Thanks...
Thanks... Think About the Environment!
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