Slide 1: Pınar Süt Financial Presentation 2021-H1
Pınar Süt Financial Presentation 2021-H1
Slide 2: Pınar Süt at a Glance
2021-H1 PINAR SÜT AT A GLANCE 1
Slide 3: Highlights
2021-H1 HIGHLIGHTS 1.2 24.1% 34.5 billion TL Turnover million TL Net Sales Growth Net Profit 20.6 16.7 1,165 million Dollar million TL Average Number Export Sales Investment of Employees ˗ Annual inflation in the food and non-alcoholic beverages group increased from 17.4 percent to 20.0 percent in t
Slide 4: Market Dynamics: Production and Cost
2021-H1 MARKET DYNAMICS PRODUCTION AND COST Inflation and Raw Milk Prices Progress TURKSTAT, NMC 150 140 142.9 130 126.1 120 118.7 110 Raw milk prices determined by the 100 National Dairy Council for milk 90 containing 3.6% fat and 3.2% protein for 2021; CPI Unprocessed Food Raw Milk Prices o Januar
Slide 5: Market Dynamics: Consumption and Market
2021-H1 MARKET DYNAMICS CONSUMPTION AND MARKET Share of Packaged Products Packaged Products Penetration IPSOS 59.7% 58.5% 96.6% 98.4% 96.7% 99.4% 46.4% 44.8% Milk Cheese Milk (UHT) Cheese 2020-H1 2020-H1 Dairy Products Market Turnover Breakdown Ayran Nielsen, Except DM, 2021-H1 3% Milk - In the firs
Slide 6: Market Position
2021-H1 MARKET POSITION Market Shares Based on Products Nielsen, Except DM, Product Share Position 2021-H1 Total UHT Milk 29.4% 1# - Pınar Süt maintained its 13.5% market share in UHT Light Milk 44.0% 1# the dairy products market. (Nielsen, Excluding Enriched Milk (Kids) 67.5% 1# Discount Markets, 2
Slide 7: Net Sales Breakdown
2021-H1 FINANCIALS NET SALES BREAKDOWN *Other Based on 11% Product Groups Dairy *Fruit juice, Products sauce, other 89% Based on Sales Export 13% Channel Direct 1% YBP 86% 6
Slide 8: Income Statement
2021-H1 FINANCIALS INCOME STATEMENT 01.01.21 01.01.20 (Million TL) 06.30.2021 06.30.2020 Difference Change Net Sales 1,200.3 967.3 232.9 24.1% Cost of Goods Sold (1,039.5) (831.4) (208.1) 25.0% Gross Profit 160.8 135.9 24.8 18.3% R&D Expenses (8.4) (6.9) (1.4) 20.6% Sales, Distribution and Marketing
Slide 9: Sales and Profitability – Annually
2021-H1 FINANCIALS SALES AND PROFITABILITY – ANNUALLY Net Sales Gross Profit million TL 300.0 15.6% 17.9% 12.9% 250.0 15.9% 14.1% 13.4% 16.0% 12.2% 14.0% 200.0 12.0% 262.1 10.0% 150.0 231.6 203.1 8.0% 2,028 100.0 191.1 196.8 6.0% 1,488 1,665 160.8 1,240 1,200 135.9 4.0% 1,068 967 50.0 2.0% 0.0 0.0%
Slide 10: Sales and Profitability – Quarterly
2021-H1 FINANCIALS SALES AND PROFITABILITY – QUARTERLY Net Sales Gross Profit million TL 2,028 15.6% 15.2% 12.2% 12.9% 13.0% 1,665 11.8% 1,488 556 644 460 2018 2019 2020 Q1-21 Q2-21 Q2-20 2018 2019 2020 Q1-21 Q2-21 Q2-20 EBITDA Net Profit 7.7% 5.9% 7.0% 5.1% 5.3% 5.0% 4.4% 3.3% 2.1% 2.0% 0.9% 0.3% 2
Slide 11: Financial Ratios and Capital Expenditures
2021-H1 FINANCIALS FINANCIAL RATIOS 2017/12 2018/12 2019/12 2020/12 2021/06 Current Ratio 1.21 1.07 1.23 1.10 1.11 Leverage Ratio 0.43 0.44 0.42 0.45 0.50 Current Borrowings/Total Borrowings (Fin.) 0.64 0.81 0.44 0.74 0.78 Net Fin. Borrowings/EBITDA 1.70 1.14 1.62 2.85 3.52 Net Fin. Borrowings/Equit
Slide 12: Ownership Structure
2021-H1 OWNERSHIP STRUCTURE 11
Slide 13: Disclaimer and Contact Information
2021-H1 DISCLAIMER AND CONTACT INFORMATON 12