Turk Traktor Ve Ziraat Makineleri A.s. · BIST:TTRAK
Turk Traktor Ve Ziraat Makineleri A.s — Investor Presentation (February 2014)
25 slides from Turk Traktor Ve Ziraat Makineleri A.s's investor presentation, Feb 14, 2014
Slide 1: Analyst Meeting Presentation
Analyst Meeting Presentation February 14, 2014
Slide 2: Agricultural Sector in Turkey
Agricultural Sector in Turkey Turkey is; 5th biggest country in terms of number of sold tractors in 2013 7th biggest country in terms of agricultural production with 1,663 agricultural products exported to 188 countries and with 62 billion US dollar in terms of agricultural income in 2012 (source
Slide 3: Agricultural Sector in Turkey
Agricultural Sector in Turkey A 17% increase occurred in incentives provided by the government directly or indirectly along with a stability of Ziraat Bank subsidized interest rates of 50% provided for tractors triggers the markets. Retail finance availability and interest rate level are support
Slide 4: World Tractor Market
World Tractor Market (Source : Systematics (units in thousand)) 2011 2012 2013/11 America 269 America 293 America 295 Europe 174 Europe 173 Europe 153 India 537 India 524 India 574 China 340 China 324 China 333 Pakistan 52 Pakistan 64 Pakistan 36 TURKEY 64 TURKEY 49 TURKEY 46 Others 63 Others 71 Oth
Slide 5: Turkey in the world market – Tractor Sales to Customers by Regions
World Tractor Market (Source : Systematics (units in thousand)) Turkey in the world market – Tractor Sales to Customers by Regions China 333.028 North America 214.218 India 573.518 Turkey Latin America Europe 45.739 81.261 152.892 5
Slide 6: Tractor Market in Turkey
Tractor Market in Turkey (Source: TURKSTAT Traffic Registration Data ) 60.341 50.318 45.561 45.395 42.033 39.571 34.541 36.036 34.525 27.022 18.639 13.758
Slide 7: TürkTraktör maintains its leader position as of 2013/11
Tractor Market in Turkey (Source: TURKSTAT Traffic Registration Data ) TürkTraktör maintains its leader position as of 2013/11.
Slide 8: Highlights
Highlights Local Tractor Sales Units (2013) 24.624 units Export Tractor Sales Units (2013) 14.402 units Manufactured Tractor Units (2013) 38.530 units Total Employment (2013) 2.572 person R&D Employees (2013) 98 person
Slide 9: Manufacturing Units
Manufacturing Units G9 celebrating 60 years 40.630 39.574 38.530 2010 2011 2012 2013 @ Tractor = Transmission @AKor TiirkTraktér cNi
Slide 10: Sales (units)
Sales (units) TOTAL 28.940 40.753 40.162 39.026
Slide 11: Combine Sales (units)
Combine Sales (units) 69 TiirkTraktir celebrating 60 years 2010 2011 2012 2013 @AKoc TiirkTraktér “Nd
Slide 12: Sales Revenue (million TL)
Sales Revenue (million TL) 2,175 1,974 10 1,801 1,193
Slide 13: Profitability (million TL)
Profitability (million TL) 69 TiirkTraktir celebrating 60 years 27% 2010 2011 2012 2013 mmiGross profit m@mEBITDA mNet Profit @&Gross Margin eteEBITDA Margin ==-Net Margin GAKog TiirkTraktor CNH
Slide 14: Net Financial Position (million TL)
Net Financial Position (million TL) 23 80 10 -139
Slide 15: Net Financial Position / EBITDA
Net Financial Position / EBITDA (million TL)
Slide 16: Financial Liabilities (million TL)
Financial Liabilities (million TL) 16
Slide 17: Net FX Position / Equity
Net FX Position / Equity 69 TiirkTraktér celebrating 60 years 2010 2011 2012 2013 -0,78 GAKoe TiirkTraktor cNi
Slide 18: Taxation (million TL)
Taxation (million TL) CO Tatra eayes 2010 2011 2012 2013 =x Taxation (net) mai Profit Before Tax «@ Effective Tax Rate @AKoc TiirkTraktor cNi
Slide 19: Balance Sheet Ratios
Balance Sheet Ratios co TiirkTraktér celebrating 60 years 2010 2011 2012 2013 e@ Current Ratio @ Quick Ratio GAKog TiirkTraktor CNH
Slide 20: High Profitability Ratios
High Profitability Ratios 20
Slide 21: Working Capital (million TL)
Working Capital (million TL) 470 373 405 271 21
Slide 22: Dividend (million TL)
a <<) Tatra eayes 10,5% 9,9% 2010 2011 2012 2013 mae Dividend Yield @AKor TiirkTraktér cNi
Slide 23: Stock Performance (31.12.2012=100)
Stock Performance (31.12.2012=100) 31.12.2012 Closing Price 58,25 TL 31.12.2013 Closing Price 61,50 TL 23
Slide 24: Disclaimer
Disclaimer This presentation contains forward-looking statements that reflect the Company management’s current views with respect to certain future events. Although it is believed that the expectations reflected in these statements are reasonable, they may be affected by a variety of variables and c
Slide 25: Question & Answer
SO) Ds. TiirkTraktor celebrating 60 years QUESTION & ANSWER GAKog TiirkTraktor CNH
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