ÜLKER BİSKÜVİ
1Q24 EARNINGS
1
01 UpdateQuarterly | 02 PerformanceOperational | 03 PerformanceFinancial |
04 Outlook
2
Quarterly Update
Maintains leading position in | Solid top-line growth |
main snacking | Strong price execution |
Successful Eid period by | Effective cost management |
reflecting our leadership in all | Remained focused and agile |
aspects of activation | |
in executing our strategy | |
Won Gender Awards in supporting female farmers in Ivory cost
Aliağa Weat Project won Social responsibility award
4
02 OperationalPerformance
Achievement with Continuous improvement Culture and Capabilities
- Net Loss 1.06% in 2022, reduced to 0.9%.
- Overall Equipment Efficiency Improvement of 5% and enabled
Efficiency gain of 11,000 tons for Chocolate Business and 15,000 tons for Bakery Business in the capacities of production facilities - End-to-endValue Stream Mapping projects at all factories (11 VSM projects)
- IoT (Internet of Things) systems implemented successfuly at all factories. We leverage digital Technologies for designing Future of Manufacturing.
- LTAR (Lost time accident rate) continue downward with excellence culture.
LTAR | ||||
0,85 | 0,80 | 0,81 | 0,84 | |
0,56 | ||||
2021 FY | 2022 FY | 2023 FY | 2023 1Q | 2024 1Q |
6 |
Turkey | ||
1Q24 | +16,9% | |
Revenue Growth | ||
+14,2% | ||
EBITDA Growth | ||
Turkey Exports
1Q24 | +4,3% |
Revenue Growth | |
+7,2% | |
EBITDA Growth |
North Africa | ||
1Q24 | +67,0% | |
+59,6% | ||
Revenue Growth | ||
EBITDA Growth | ||
Central Asia | ||
1Q24 | +1,5% | |
Revenue Growth | ||
-22,2% | ||
EBITDA Growth | ||
Middle East | ||
1,3% | ||
1Q24 | Revenue Growth | |
-6% | ||
EBITDA Growth | ||
Growth numbers are based on the local currency changes | 7 |
Balanced Geographic Revenue Mix
TRY19,6Bn
TRY13,5B
TRY6,1B
Net Revenue By Division
EXPORT; 11%
CA; 4%
NA; 3%
TRY19,6
Domestic | International |
68% | 32% |
IAS 29 adjusted numbers
ME; 13%
Billion
DOMESTIC;
68%
8
TÜRKİYE | MIDDLE EAST | NORTH AFRICA | CENTRAL ASIA | |||
Biscuit | Biscuit | Biscuit | Chocolate |
Chocolate
Cake
%34 %28 %15 %16
9
11% | 7% | 10% |
Domestic | International | Total |
Revenue contribution is calculated over snacking revenue | 10 |
IAS 29 adjusted numbers | |