Ulker Biskuvi Sanayi A.s. · BIST:ULKER

Ulker Biskuvi Sanayi A.s — Q4 2013 Earnings Presentation

10 slides from Ulker Biskuvi Sanayi A.s's earnings presentation, Mar 6, 2014

  1. Slide 1: Turkey's Largest Food Company: Fourth Quarter & 2013 Financial Results

    “Turkey’s Largest Food Company” Fourth Quarter & 2013 Financial Results March 6, 2014 Borsa Istanbul: ULKER ULKER.TI (Bloomberg) | ULKER IS (Reuters) www.ulkerbiskuvi.com.tr

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains information and analysis on financial statements and is prepared for the sole purpose of providing information relating to Ülker. This presentation contains forward-looking statements which are based on certain expectations and assumptions at the time of publica

  3. Slide 3: Turkey Macro Economic Overview

    Jan-11 Feb-11 March-11 2010 Q1 12,6 April-11 May-11 2010 Q2 10,4 June-11 July-11 2010 Q3 5,3 Aug-11 Sep-11 2010 Q4 9,3 Oct-11 Nov-11 Dec-11 92 2011 Q1 12,4 Jan-12 Feb-12 2011 Q2 9,3 March-12 April-12 2011 Q3 8,7 May-12 June-12 2011 Q4 5,3 July-12 Aug-12 Sep-12 2012 Q1 3,1 Oct-12 2012 Q2 GDP Growth (

  4. Slide 4: Breakdown of Net Sales

    Breakdown of Net Sales Breakdown of sales volume (ton)  Consolidated sales volume is up by 9.0% in 4Q13 & 478.725 Cake 13.4% in 2013, with growth attributable to: 422.008 Chocolate • effectiveness at sales points Biscuit 65.060 • new product launches 129.254 56.565 158.776 118.620 133.784  Biscuit

  5. Slide 5: Gross Profit & EBITDA

    Gross Profit & EBITDA Gross Profit (TL mn) Steady increase in gross profit margin: Gross Profit Margin 633,3 • Favorable inventory base 23,4% 505,2 • Lower sales discounts & returns 23,0% (2013 vs 2012) • New launches with higher 21,2% 21,6% 179,8 134,9 profitability 4Q12 4Q13 2012 2013 4Q2012 4Q201

  6. Slide 6: Other Financial Figures

    Other Financial Figures Major Other Financial Figures (TL mn) 2012 2013 Other Income From Operations 188,5 134,9 FX gain from trade receivables &Payables 102,6 75,6  After reclassification; Due date income derived from credit sales 47,2 38,1 • Net FX gain from trade receivables Other income from op

  7. Slide 7: FX and Net Profit

    FX and Net Profit Net Foreign Exchange Gain/Loss (TL mn) 4Q2012 4Q2013 2012 2013  Net foreign exchange loss was TL Net Foreign Exchange Gain/Loss From Operations 23,9 43,0 21,2 26,2 20.8 mn in 2013 vs a gain of TL 22.2 Net Foreign Exchange Gain/Loss From Investments -18,9 31,7 -56,3 149,3 Net Forei

  8. Slide 8: Cash Cycle and Net Debt

    Cash Cycle and Net Debt Cash Cycle (Days) 84 81 77  Cash Cycle generated 32 days in 2013 76 • Receivable day is down by 8 days over 2012 A/R • Payable day is down by 4 days over A/P 2012 37 33 Inv. • Inventory day is down by 1 day over 34 32 Cash Cycle 2012 2012 2013 Net Debt (TL mn)  Net intercom

  9. Slide 9: Questions & Answers

    “Turkey’s Largest Food Company” Questions & Answers 9

  10. Slide 10: Ülker contact details

    Kısıklı Mahallesi Ferah Caddesi No:1 34692 B. Çamlıca / Üsküdar / İstanbul Türkiye For more information, please contact us + 90 (216) 524 25 56, or email us at ir@ulker.com.tr www.ulkerbiskuvi.com.tr

Ülker Bisküvi Sanayi A.Ş. — Q4 2013 Earnings Presentation on 6ix