Konfrut Tarim A.s. · BIST:KNFRT
Konfrut Tarim A.s — Konfrut Tarım A.Ş. — Q1 2023 Earnings Presentation
23 slides from Konfrut Tarim A.s's earnings presentation, March 2023
Slide 1: Investor Presentation 2023-Q1 Financial Results
Konfrut Investor Presentation 2023-Q1 Financial Results KONFRUT INVESTOR PRESENTATION 2023-Q1
Slide 2: Contents
Contents • Highlights • Konfrut AG at a Glance • Market Overview • Market Dynamics • Operations • Investments • Developments in the 2023-Q1 • Consolidated Financial Results • Stock Performance KONFRUT INVESTOR PRESENTATION 2023-Q1 2
Slide 3: Highlights
Highlights 365.4 million ₺ 75% Net Sales In the first quarter of the year, Konfrut AG's business processes and Net Sales Growth investments were focused on due to its high growth potential. In 2023-Q1; Cooperation agreement was signed with the seedling production facility, which has 150 million unit
Slide 4: Konfrut AG at a Glance
Konfrut AG at a Glance Main Business Units In 2023-Q1; Approximately Agri Sourcing and Services 42,546 tons 40K decares Leading the Agricultural Transformation Agri Sourcing Supply Contracted Agricultural Areas The only one company in Turkey which 36,758 tons 130+ Numbered Vehicle and Equipment Flee
Slide 5: Market Overview
Market Overview Importance of Agriculture Sector and Global Food Prices Food Price Index, World (Annually) It is expected 146.0 (2014-2016=100) 143.7 that the world population will 136.0 reach 9.7 billion by 2050. 126.0 116.0 129.0 106.0 96.0 86.0 2019 2020 76.0 Agricultural 66.0 53.3 land declined
Slide 6: Market Dynamics
Market Dynamics 2021 2022 2023 Production and Cost in Turkey 160 138.2% 140 120 100 Agricultural Input Price Index 80 49.7% Annual Change Rate (%), March 2023 57.3% 60 21.0% • Agricultural Input Price Index rose by +49.7% in 40 March 2023, YoY. It increased by 106.8% compared 20 to the average of th
Slide 7: Market Dynamics: Production in Turkey
Market Dynamics Production in Turkey 2020 2021 2022 13.2 13.113.0 Production Data With Selected Fruit and Million tons Vegetable Groups 4.5 4.3 4.8 3.9 3.5 3.4 1.5 1.7 1.3 1.5 0.70.7 0.6 0.7 1.2 1.3 1.3 0.5 0.5 0.6 1.4 1.3 0.5 0.6 0.5 0.6 0.8 Strawberry Pomegranate Apple Lemon Orange Pear Watermelon
Slide 8: Operations: Agri Sourcing Business Unit in 2023-Q1
Operations Agri Sourcing Business Unit in 2023-Q1 Agri Sourcing Supply • In 2023-Q1, 42,546 tons agri sourcing origination was • Within the scope of contracted agriculture with farmers, many different kinds of fruits supplied by Konfrut AG. and vegetables were provided, especially black carrots, app
Slide 9: Operations: Logistics Business Unit in 2023-Q1
Operations Logistics Business Unit in 2023-Q1 Storage and Logistics Agri Sourcing and Operations Product Hauling Distribution of Hauling Service • Within the scope of Storage and Logistics • By the end of the first quarter, 8,507 tons activities, 36,758 tons of agri sourcing of raw materials and pro
Slide 10: Operations: Industry Business Unit in 2023-Q1
Operations Industry Business Unit in 2023-Q1 Industrial Products Konfrut Gıda Source of Manufactured Pallets Fruit and Vegetables and Services Process • 24,413 numbered pallet sales realized. • Concentrate and puree are • It is planned to produce 50 thousand produced in Denizli-Akkent Facility. pall
Slide 11: Investments
Investments Due to its Growth and Profitability Potential, Konfrut AG Will Continue Its Storage and Logistics Investments in 2023 Storage and New Tea Pelleting Digital Services Logistics Line Investment Investments Investments • With the target of the latest technology use, • In the tea pelleting fa
Slide 12: Developments in the 2023-Q1
Developments in the 2023-Q1 Strategical Cooperations with «Agri Sourcing Redefined» Vision Cooperation on the Procurement Preparations for 2023 of Seedlings Was Established Production Season Continued • Konfrut AG signed one-year cooperation agreement for the supply of vegetable and fruit seedlings
Slide 13: Consolidated Financial Results 2023-Q1
Consolidated Financial Results 2023-Q1 KONFRUT INVESTOR PRESENTATION 2023-Q1
Slide 14: Net Sales Growth
Net Sales Growth Net Sales (Million TL) Continued Strong Growth Based on Turnover and Tonnage 2,167 Net sales on a consolidated basis in 2023-Q1; • Inrease 12% in volume +75% • Increase 75% in turnover, YoY. 811 810 684 464 365 273 209 Sales Volume (000 Tons) 2020 2021 2022 1Q2022 2Q2022 3Q2022 4Q20
Slide 15: Profitability
Profitability Gross Profit and Gross Profit Margin (Million TL) Improvement in Operating Expenses Despite Increasing Costs In the first quarter of 2023; 30% 30% 24% 184 • Gross profit was realized as 87 mn TL with a 40% rise, YoY. 322 25% 20% +40% 161 • In this period, there was slight improvements
Slide 16: Profitability: Net Profit and Margin
Profitability Net Profit and Net Profit Margin (Million TL) 37 mn TL Net Profit for the Period 69 18% 18% -3% Return on Equity 16% 129 14% 46 11% 43% 10% 12% 9% 10% 38% 6% 6% 38 8% 37 23 51 26 6% 2% 24 51 4% 14 4% 2% 0 0% 2020 2021 2022 1Q2022 2Q2022 3Q2022 4Q2022 1Q2023 31.12.2022 31.03.2023 Net Pr
Slide 17: Investments and Liabilities
Investments and Liabilities Investment Expenditures Distribution (Million TL) Growth Focused Investments 0,2 The company continues to grow and invest, and most of the investments are financed by financial loans. Buildings, Plant 1.1 Machinery and Equipment Financial Debts Distribution Construction i
Slide 18: Income Statement - Summary
Income Statement - Summary (Million TL) 1Q2022 1Q2023 Change Change (%) 2022 Net Sales 208.6 365.4 156.8 75.2% 2,167.2 Cost of Sales (146.3) (278.4) (132.0) 90.2% (1,845.2) Gross Profit 62.3 87.1 24.8 39.8% 321.9 General Administrative Expenses (6.7) (11.9) (5.2) 77.5% (32.7) Marketing Expenses (11.
Slide 19: Balance Sheet - Summary
Balance Sheet - Summary (Million TL) 31.12.22 31.03.23 31.03.22 30.06.22 30.09.22 Current Liabilities 1,233.5 1,030.8 729.3 879.7 1,210.7 Cash and Cash Equivalents 3.5 6.8 13.6 7.9 21.3 Trade Receivables 326.7 124.5 286.1 316.4 408.6 Inventories 568.6 518.4 278.8 275.5 448.6 Non-Current Assets 199.7
Slide 20: Financial Ratios
Financial Ratios (Million TL) 1Q2022 1Q2022 1Q2023 1Q2023 2022 2022 2021 2021 2020 2020 Gross Profit Margin 30% 30% 24% 24% 15% 15% 12% 12% 20% 20% EBITDA Margin 23% 23% 19% 19% 12% 12% 8% 8% 14% 14% Net Profit Margin 18% 18% 10% 10% 6% 6% 6% 6% 9% 9% Current Ratio 1.23 1.23 1.35 1.35 1.23 1.23 1.26
Slide 21: Stock Performance
Stock Performance Konfrut Stock Price Developments Public Offering Date 10.06.1996 7000 21 Issued Capital TL 132,000,000 6000 Ticker Symbol KNFRT 5000 16 Free Float Rate 22.39% 4000 Stock Price TL (March 31, 2022 - March 31, 2023) 4.40 - 14.09 14.09 11 3000 Market Value TL 1,859,880,000 2000 Stock P
Slide 22: Legal Disclaimer
Legal Disclaimer Information about Konfrut Gıda Sanayi ve Ticaret A.Ş. (Konfrut Gıda) and its 100% subsidiary Konfrut AG Tarım A.Ş. (Konfrut AG), the financial statements’ analysis and current views on possible future events are included in this presentation. Although, it is considered that the info
Slide 23: Investor Relations Department
INVESTOR RELATIONS DEPARTMENT Sinan Yiğit Yakut – Investor Relations Manager Cemre Ekici Bayram – Investor Relations Team Leader Phone: +90 216 545 68 68 E-mail: yatirimci@konfrutag.com.tr Investor Relations Web Sites KONFRUT INVESTOR PRESENTATION 2023-Q1