Yunsa Yunlu Sanayi Ve Ticaret A.s. · BIST:YUNSA
Yunsa Yunlu Sanayi Ve Ticaret A.s — H1 2023 Earnings Presentation
29 slides from Yunsa Yunlu Sanayi Ve Ticaret A.s's earnings presentation, August 2023
Slide 1: Investor Presentation August 2023
INVESTOR PRESENTATION August 2023
Slide 2: Contents
CONTENTS 01 Snapshot of Worsted Wool Fabric 02 Yünsa at a Glance 03 Strategic Initiatives 04 Key Figures & Financials 05 Contact Info
Slide 3: Snapshot of Worsted Wool Fabric
01 SNAPSHOT OF WORSTED WOOL FABRIC
Slide 4: Origins of Raw Material
ORIGINS OF RAW MATERIAL AUSTRALIA’S SHARE IN GLOBAL WOOL SUPPLY 80% Australian merino wool is natural and renewable – one of the finest and softest fibers in the world! 03
Slide 5: Production of Wool Fabric
PRODUCTION OF WOOL FABRIC Australian wool is transported to The wool fiber is drawn out and 1 China, where it is processed to become the raw material for the 4 twisted together to create yarn (spinning) filaments used in fabric production Greasy raw wool is transformed into Yarn is converted into fa
Slide 6: Benefits of Wool Fabric
BENEFITS OF WOOL FABRIC o Most absorbent fibers of all – o Durable. Properly cared for, it o Resists tearing and can suitable for all seasons lasts a very long time, making bend back on itself 20,000 wool fabrics a good investment times without breaking. Cotton breaks after 3,200 o «Breathes» by wic
Slide 7: Woolen Fabric Market
WOOLEN FABRIC MARKET GLOBAL WORSTED FABRIC EUROPEAN WORSTED FABRIC CONSUMPTION (USD 3.5 Billion) CONSUMPTION (USD 1.0 Billion) 2% 17% 12% 27% 19% 53% 28% 8% 3% 31% North America Europe Asia Pacific MEA Germany UK Italy Spain Türkiye RoE China and India remains the top woolen fabric In Europe, Italy
Slide 8: Yünsa at a Glance
02 YÜNSA AT A GLANCE
Slide 9: About Yünsa
ABOUT YÜNSA o Established in 1973, Yünsa ranks among the world’s top five producers of worsted fabric, with its sales and operational excellence, flexibility and innovation in production, cost reduction oriented approach, vision and its experience in industry. o Yünsa is Türkiye’s and Europe’s large
Slide 10: Global Presence
GLOBAL PRESENCE 1047 EMPLOYEES 50+ EXPORT MARKETS SALES OFFICES AGENCIES HEAD OFFICE MILL DESIGN OFFICES USA, Germany, UK USA, France, Italy, Japan, Istanbul - Türkiye Çerkezköy - Türkiye Italy and South Korea, China Çerkezköy - Türkiye 09
Slide 11: Yünsa Customers - Global Brands
YÜNSA CUSTOMERS - GLOBAL BRANDS 400+ CUSTOMERS 10
Slide 12: Milestones
MILESTONES 1973 1976 1989 1990 1998 2002 Yünsa was Production Çerkezköy Yünsa’s Womenswear Italy Design established commenced Design Office first IPO fabric production Office opened opened commenced 2003 2005 2007 2008 2009 2010 Upholstery Corporatewear Yünsa UK Yünsa USA Yünsa Germany Yünsa R&D fab
Slide 13: Production Capacity
PRODUCTION CAPACITY PRODUCTION FABRIC WORSTED YARN FACILITY PRODUCTION PRODUCTION 200,000 11 MN 4,500 m2 Mt/Year Ton’s/Year SPINNING WEAVING DYEING & FINISHING Yünsa is Europe’s biggest integrated worsted wool fabric 13,000 36,000 40,000 producer and ranks among the Kg/Day Mt/Day Mt/Day world’s top
Slide 14: Product Line
PRODUCT LINE PREMIUM FABRICS MENSWEAR FABRIC LADIESWEAR FABRIC UPHOLSTERY FABRICS CORPORATE FABRICS Diverse Product Range Trend-Setting Designs Yünsa produces high-end wool and wool-blend fabrics for suits, jackets, uniforms and tailoring. 13
Slide 15: Competitive Advantages
COMPETITIVE ADVANTAGES STRONG SALES & FX BASED MARKETING REVENUES CHANNEL 3 international Exports two-thirds of sales offices & production to 50+ 6 agencies around countries worldwide R&D the world “FAST FASHION” CENTER TREND & GEOGRAPHICAL 33 R&D staff 6 national ADVANTAGE Tübitak supported 4-6 wee
Slide 16: Strategic Initiatives
03 STRATEGIC INITIATIVES 0
Slide 17: Yünsa's Strategic Pillars
STRATEGIC PILLARS Reinforcement Yünsa’s Growth in Yarn and of Core Business Strategic Alternative Business Pillars Opportunities Our strategy is based on a business model capitalizing on Yünsa’s existing strengths and Commitment to capabilities as well as adapting ourselves to Sustainabillity the ch
Slide 18: Reinforcement of Core Business
REINFORCEMENT OF CORE BUSINESS o Investment on new technologies and equipment o Product Rationalizing: Concentrated product range o Development of trend-setting collections responding consumer needs and expectations o Pricing Strategy: Offering the right product at the right price, to the right cust
Slide 19: Commitment to Sustainability
COMMITMENT TO SUSTAINABILITY o Sustainable fashion is one of the main trends in almost every market – except Far East. Sustainable Product Sales 000mt 712 − Global brands like H&M, Hugo Boss, Holly Fashion Group (Strellson, Joop, Windsor) have disclosed 2 to 5-year plans and commitments 409 o Eco-fr
Slide 20: Alternative Business Opportunities
ALTERNATIVE BUSINESS OPPORTUNITIES o Besides fabric production, Yünsa has further growth potential in wool worsted yarn markets thanks to its integrated production capability o Due to global supply chain crisis and disruption of supply from Far East , Turkey gained importance as a fabric supplier o
Slide 21: Key Figures & Financials
04 KEY FIGURES & FINANCIALS
Slide 22: Shareholding Structure
SHAREHOLDING STRUCTURE SHAREHOLDER MCAP STRUCTURE (TRY million) Publicly 3.686 Traded 3.059 42.12% 2.553 371 57.88% 2021 2022 2023 Q1 2023 Q2 Sürmegöz Tekstil Yatırım A.Ş. 42,12% of Yünsa shares have been publicly traded on Istanbul Stock Exchange since 1990. The remaining shares were acquired from
Slide 23: Key Figures & Highlights – 2023H1
KEY FIGURES & HIGHLIGHTS – 2023H1 NET SALES EBITDA NET PROFITS (TRY Million) (TRY Million) (TRY Million) 1.280 394 349 258 242 766 397 129 108 342 66 26 2021 2022 2023 Q1 2023 Q2 2021 2022 2023 Q1 2023 Q2 2021 2022 2023 Q1 2023 Q2 Yünsa continued to contribute significantly to the economic growth an
Slide 24: Balance Sheet
BALANCE SHEET TRY Million 31.12.21 31.12.22 Δ% 30.06.22 30.06.23 Δ% ASSETS Current Assets 292,0 716,3 145% 622,8 971,6 56% Cash and Cash Equivalents 21,8 164,9 656% 159,0 158,3 0% Trade Receivables 100,9 257,2 155% 165,1 338,6 105% Inventory 150,8 270,7 79% 276,5 431,5 56% Other Current Assets 18,5
Slide 25: Income Statement
INCOME STATEMENT TRY Million 31.12.21 31.12.22 Δ% 30.06.22 30.06.23 Δ% Sales Revenues (net) 341,5 1.280,0 275% 478,2 765,6 76% Cost of Sales (-) (240,1) (791,5) 230% (278,6) (452,2) 90% Gross Profit 101,5 488,4 381% 199,6 313,4 57% General Administration expenses (13,1) (35,2) 169% (17,0) (19,1) 39%
Slide 26: Contact Information
05 CONTACT INFORMATION
Slide 27: Company Address and Contacts
COMPANY ADDRESS AND CONTACTS HEAD OFFICE MILL Yünsa Yünlü Sanayi ve Ticaret A.Ş. Yünsa Yünlü Sanayi ve Ticaret A.Ş. Vadistanbul 1B Blok Kat 23 Organize Sanayi Bölgesi Ayazağa 34396 Istanbul / Türkiye Çerkezköy 59500 Tekirdağ / Türkiye Phone: +90 (212) 365 65 00 Phone: +90 282 726 80 01 Fax: +90 (212
Slide 28: Disclaimer
DISCLAIMER The information and opinions contained in this document have been compiled by Yünsa Yünlü Sanayi ve Ticaret A.S. from sources believed to be reliable and in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or correctness. No r
Slide 29: SO Yeas
YG’ SO Yeas
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