Tat Gida Sanayi A.s. · BIST:TATGD
Tat Gida Sanayi A.s — Tat Gıda Sanayi A.Ş. — Q1 2021 Earnings Presentation
11 slides from Tat Gida Sanayi A.s's earnings presentation, 2021
Slide 1: 2021 Q1 Financial Results
2021 Q1 Financial Results
Slide 2: Net Sales (TL Mn)
Net Sales (TL Mn) Continued growth despite base effect 803 800 700 600 553 500 464 +6% 400 359 300 201 214 200 100 0 2017 2018 2019 2020 2020-Q1 2021-Q1 *Sek and Pastavilla business figures excluded from all years due to the discontinued operations.
Slide 3: Monthly Sales (TL Mn)
Monthly Sales (TL Mn) Covid-19 Impact in March 2020 creates a base effect for 2021. +6% -8% 250 89 82 +20% +14% 200 214 67 64 201 56 56 150 50 100 50 0 January February March 0 2020-Q1 2021-Q1 2020-Q1 2021-Q1
Slide 4: Net Sales Breakdown by Region
Net Sales Breakdown by Region Exports grew by 48% with new distribution agreements (TL Mn) 214 Export (%) 201 17,0% 24,0% -2% 162 166 2020-Q1 2021-Q1 35 +48% 52 Export Domestic 2020-Q1 2021-Q1 Export Domestic *Sek and Pastavilla business figures excluded from all years due to the discontinued operat
Slide 5: Gross & Operating Profit
Gross & Operating Profit The high profitability in 2020-Q1, with the favorable impact of Covid-19, created a base effect on margins Gross Profit (TL Mn) Operating Profit (TL Mn) -2% -20% 30,7% 28,3% 40 18,8% 14,1% 60 62 60 35 38 50 30 40 25 30 20 30 15 20 10 10 5 0 0 2020-Q1 2021-Q1 2020-Q1 2021-Q1
Slide 6: EBITDA & Income Before Tax
EBITDA & Income Before Tax Income Before Tax grew by 23% with increase in financing income EBITDA (TL Mn) Income Before Tax (TL Mn) -26% +23% 40 13, 0% 40 18,4% 12,8% 14,5% 16,7% 11, 0% 35 37 30 36 9,0 % 30 7,0 % 25 29 27 5,0 % 20 3,0 % 20 1,0 % 15 -1,0% 10 10 -3,0% 5 -5,0% 0 0 -7,0% 2020-Q1 2021-Q1
Slide 7: Total Net Income
Total Net Income 91,3 mio TL Total Net Income generated 100 ,0 91,3 90,0 80,0 65,8 mio TL Net Income from 70,0 60,0 65,8 Discontinued 50,0 Operations 10,6 mio TL 40,0 28,7 Net Income from30,0 0,6 Discontinued 10,1 Operations 20,0 +41% 25,4 10,0 18,1 continuing operations - 2020-Q1 2021-Q1 Continuing
Slide 8: Net Financial Debt / EBITDA (TL Mn)
Net Financial Debt / EBITDA (TL Mn) Improved Financial Efficiency Net Financial EBITDA Financial Net Financial Debt / EBITDA Cash (rolling) Debt Debt (rolling) 2020-Q1 90 2,1 245 55 190 2021-Q1 124 -0,3 295 337 -43
Slide 9: Financial Indicators
Financial Indicators Financial Ratios at healthy levels TL Mn 2017 2018 2019 2020 2020-Q1 2021-Q1 Current Ratio 2,1 2,6 2,8 2,9 3,7 2,3 Liquidity Ratio 1,2 1,6 1,6 2,0 2,4 1,7 Net Financial Debt/Equity 0,2 0,3 0,3 0,2 0,3 -0,1 Working Capital (TL Mn) 372 394 542 593 538 581
Slide 10: Summary Balance Sheet (TL Mn)
Summary Balance Sheet (TL Mn) TL Mn 2017 2018 2019 2020 2020-Q1 2021-Q1 Current Assets 563 641 780 1.173 794 1.181 Cash 13 28 10 121 55 337 Trade receivables 281 323 384 446 422 440 Inventories 232 238 338 361 263 319 Non-current Assets 223 223 247 136 247 141 Total Assets 786 864 1.026 1.309 1.040
Slide 11: THANK YOU
THANK YOU