Bim Birlesik Magazalar A.s. · BIST:BIMAS

Bim Birlesik Magazalar A.s — Q2 2015 Earnings Presentation

16 slides from Bim Birlesik Magazalar A.s's earnings presentation, Jun 30, 2015

  1. Slide 1: For the 3 months to 30 June 2015

    Forthe 3 months to 30 June 2015 TOPTAN FIYATINA PERAKENDE SATIS

  2. Slide 2: Notice

    NOTICE The information contained in this document has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. Neither t

  3. Slide 3: Headlines for Q2 2015

    HEADLINES FOR Q2 2015  Strong growth in second quarter sustained: Net Sales at 4.351,1 Mio TL (+22% to 2Q 2014) EBITDA at 218,4 Mio TL (+55% to 2Q 2014) Net income at 149,6 Mio TL (+67% to 2Q 2014)  Like for Like sales up 11,8%  Continued expansion – 187 new stores in Turkey, 22 in Morocco and 19

  4. Slide 4: Quarterly Net Sales and Gross Profit

    QUARTERLY NET SALES AND GROSS PROFIT TL Million Net Sales 1000,0 4500 Gross Profit 4.351,1 900,0 4000 4.094,2 800,0 3.752,7 3.754,3 710,0 3500 3.561,0 700,0 634,3 3000 589,4 563,2 600,0 545,4 2500 500,0 2000 400,0 1500 300,0 1000 200,0 2Q14 3Q14 4Q14 1Q15 2Q15 Gross Margin 15,3% 15,7% 15,0% 15,5% 16

  5. Slide 5: Quarterly EBITDA and EBIT

    QUARTERLY EBITDA AND EBIT TL Million 250 230 210 EBITDA 218,4 190 170 187,0 EBIT 176,5 176,6 150 130 141,0 141,3 141,0 148,5 110 90 107,2 105,3 70 50 30 10 -10 2Q14 3Q14 4Q14 1Q15 2Q15 EBITDA 4,0% 4,7% 3,8% 4,6% 5,0% EBIT 3,0% 3,8% 2,8% 3,6% 4,1% EBITDA – EARNINGS BEFORE INTEREST, TAX, DEPRECIATION

  6. Slide 6: Quarterly Net Income

    QUARTERLY NET INCOME TL Million 160 Net Income 140 149,6 120 123,5 115,4 100 80 89,7 82,4 60 40 20 0 2Q14 3Q14 4Q14 1Q15 2Q15 Net Income 2,5% 3,1% 2,2% 3,0% 3,4% Margin 6

  7. Slide 7: Like for Like Sales Increase

    LIKE FOR LIKE SALES INCREASE Quarterly Semi – annually 2014 Q2 2015 Q2 INCREASE 2014 H1 2015 H1 INCREASE Like For Like Like For Like 3.095,7 3.460,8 11,8% 6.139,8 6.837,5 11,4% Sales (Mil TL) Sales (Mil TL) Like For Like Like For Like 12,19 13,40 9,9% 12,11 13,40 Basket (TL) Basket (TL) 10,7% Like F

  8. Slide 8: Private Label Sales Continue to Grow

    PRIVATE LABEL SALES CONTINUE TO GROW 1H14 1H15 BRANDED PRIVATE BRANDED 20,5% LABEL 20,8% 69,1% PRIVATE LABEL 69,7% EXCLUSIVE EXCLUSIVE 5,4% 5,1% SPOT SPOT 4,4% 5,0% 8

  9. Slide 9: Low-Capex Business Model

    LOW-CAPEX BUSINESS MODEL TL Million Quarterly CAPEX % of Net Sales % of Net Sales 150 7 6 130,3 113,1 5 100 107,7 95,2 4 3 3,0% 3,0% 50 2,7% 58,4 2,6% 2 1,6% 1 0 0 2Q14 3Q14 4Q14 1Q15 2Q15 9

  10. Slide 10: Strong Store Growth Continues

    STRONG STORE GROWTH CONTINUES Number of Stores 5.000 Stores in Turkey 4.750 4.822 4.500 4.635 4.502 4.406 4.250 4.344 4.000 3.750 3.500 3.250 3.000 2Q14 3Q14 4Q14 1Q15 2Q15 10

  11. Slide 11: Foreign Operations & FİLE - Highlights

    FOREIGN OPERATIONS & FİLE - HIGHLIGHTS MOROCCO EGYPT • 22 Stores opened in 2Q 2015 • 19 Stores opened in 2Q 2015 and we have 258 to date and we have 116 to date • Targeting to be close to 300 • Targeting to exceed 135 stores stores at the end of the year by the end of the year FİLE • 5 stores open t

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  14. Slide 14: IFRS Income Statement

    IFRS INCOME STATEMENT 3 months ended 30 June 6 months ended 30 June TL million 2014 2015 2014 2015 Net Sales 3.561,0 4.351,1 6.956,1 8.445,3 (COGS) (3.015,6) (3.641,1) (5.882,6) (7.101,0) Gross Profit 545,4 710,0 1.073,5 1.344,3 Total SG&A (404,4) (491,6) (772,4) (938,9) EBITDA 141,0 218,4 301,1 405

  15. Slide 15: IFRS Balance Sheet

    IFRS BALANCE SHEET As of 30 June TL million Q2 2014 Q2 2015 Intangible assets 4,4 4,7 Tangible assets 1.145,0 1.391,1 Financial Investments (Long Term) 157,5 157,5 Other non-current assets 23,7 28,3 Total non-current assets 1.330,6 1.581,6 Trades receivable 428,8 534,4 Inventories 888,2 1.128,5 Prep

  16. Slide 16: IFRS Cash Flow

    IFRS CASH FLOW 3 months ended 30 June 6 months ended 30 June TL million 2014 2015 2014 2015 Net Income 89,7 149,6 197,5 273,1 D&A 33,8 41,8 65,8 80,3 Other non-cash items (9,6) (4,6) (12,4) (7,4) Funds from operations 113,9 186,8 250,9 346,0 Change in net working capital 21,3 (31,0) 179,1 (5,3) Oper

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