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Tat Gıda San. A.Ş. H1 / 2015 Financial Results
2
Net Sales Breakdown by Product Group (TL Mn)
Total
*Harranova livestock business figures excluded due to the discontinued operation.
**Harranova tomato and Maret businesses figures excluded due to the discontinued operations.
2007 2008 2009 2010 2011* 2012* 2013** 2014** 14-H1** 15-H1**
164 182 166 218 248 167 242
315
145 178
184 221
276 271
100 111
143
160
201
249
284
347
394
441
209
243
56
66
50
48
59
67
60
60
34
28
Tomato Paste & Canned Food Meat Dairy Pasta
388
449
817
696
778
691
787
693
629
547
3
Net Sales Breakdown by Region (%)
2005 2006 2007 2008 2009 2010 2011* 2012* 2013** 2014**
89 92
94 93 94 94
89 90 93
90
11 8
6 7 6 6
11 10 7
10
Domestic Export
*Harranova livestock business figures excluded due to the discontinued operation.
**Harranova tomato and Maret businesses figures excluded due to the discontinued operations.
4
Gross Profit (TL Mn)
*Harranova livestock business figures excluded due to the discontinued operation.
**Harranova tomato and Maret businesses figures excluded due to the discontinued operations.
97
114
140 144 137
158 158 172
84
103
18%
18%
20%
18%
20%
20% 23%
21%
22% 23%
0%
5%
10%
15%
20%
25%
0
20
40
60
80
100
120
140
160
180
200
2007 2008 2009 2010 2011* 2012* 2013** 2014** 14-H1** 15-H1**
Gross Profit GP Margin %
5
Operating Profit (TL Mn)
*Harranova livestock business figures excluded due to the discontinued operation.
**Harranova tomato and Maret businesses figures excluded due to the discontinued operations.
31
38
56
42
25 29
39 42
23
37
5,7% 6,1%
8,0%
5,3%
3,5% 3,7%
5,6% 5,1%
6,0%
8,2%
0,0%
1,0%
2,0%
3,0%
4,0%
5,0%
6,0%
7,0%
8,0%
9,0%
0
10
20
30
40
50
60
2007 2008 2009 2010 2011* 2012* 2013** 2014** 14-H1** 15-H1**
Operating Profit OP Margin %
6
EBITDA (TL Mn)
*Harranova livestock business figures excluded due to the discontinued operation.
**Harranova tomato and Maret businesses figures excluded due to the discontinued operations.
40
51
70
58
40 46
53 51
28
41
7,2%
8,1%
10,1%
7,4%
5,8%
5,9%
7,6%
6,2%
7,2%
9,1%
0,0%
2,0%
4,0%
6,0%
8,0%
10,0%
12,0%
0
10
20
30
40
50
60
70
80
2007 2008 2009 2010 2011* 2012* 2013** 2014** 14-H1** 15-H1**
EBITDA EBITDA Margin %
7
Income Before Tax (TL Mn)
*Harranova livestock business figures excluded due to the discontinued operation.
**Harranova tomato and Maret businesses figures excluded due to the discontinued operations.
17
1
38
27
9 14
32 35
16
42
3,1%
0,1%
5,4%
3,5%
1,3%
1,8%
4,6% 4,3%
4,2%
9,4%
0,0%
1,0%
2,0%
3,0%
4,0%
5,0%
6,0%
7,0%
8,0%
9,0%
10,0%
-22
-12
-2
8
18
28
38
48
2007 2008 2009 2010 2011* 2012* 2013** 2014** 14-H1** 15-H1**
Income Before Tax IBT Margin %
8
Net Income (TL Mn)
*Harranova livestock business figures excluded due to the discontinued operation.
**Harranova tomato and Maret businesses figures excluded due to the discontinued operations.
11
-4
34 16
9 3 2
150
4
44
2,0%
-0,6%
4,9%
2,0% 1,3%
0,3%
0,4%
18,4%
1,2%
9,9%
-5,0%
0,0%
5,0%
10,0%
15,0%
20,0%
-20
0
20
40
60
80
100
120
140
160
2007 2008 2009 2010 2011* 2012* 2013** 2014** 14-H1** 15-H1**
Net Income NI Margin
9
Net Financial Debt / Assets (TL Mn)
*Harranova livestock business figures excluded due to the discontinued operation.
**Harranova tomato and Maret businesses figures excluded due to the discontinued operations.
397
526 538 556 606
582 527
664
587
173
291 256 246 269 275
230
94 26
44%
55%
48%
44%
44% 47%
44%
14%
4%
0%
10%
20%
30%
40%
50%
60%
0
100
200
300
400
500
600
700
2007 2008 2009 2010 2011* 2012* 2013** 2014** 15-H1**
Assets Net Financial Debt Margin %
10
Net Financial Debt / EBITDA (TL Mn)
*Harranova livestock business figures excluded due to the discontinued operation.
**Harranova tomato and Maret businesses figures excluded due to the discontinued operations.
40
51
70 58
40 46
53 51
64
4,4
5,8
3,7 4,3
6,7
6,0
4,4
1,8
0,4 0
10
20
30
40
50
60
70
80
0,0
1,0
2,0
3,0
4,0
5,0
6,0
7,0
8,0
2007 2008 2009 2010 2011* 2012* 2013** 2014** 15-H1**
EBITDA Net Financial Debt / EBITDA (rolling)
0255075
100125150175200225250275300
2007 2008 2009 2010 2011* 2012* 2013** 2014** 15-H1**
173
291 256 246
269 275
230
94
26
Net Financial Debt
11
Gross Profit (GP) for Continued and Discontinued by Product Group (TL Mn)
2014 2013
88,1 77,1
7,0
172,2
-1,5 -3,4 -4,9
28%
17%
12%
-5%
21%
-10%
-5%
0%
5%
10%
15%
20%
25%
30%
-10,0
10,0
30,0
50,0
70,0
90,0
110,0
130,0
150,0
170,0
Tomato Paste& Canned
Food
Dairy Pasta Meat (Maret) Total(Continued
Oper.)Continued Operations GPDiscontinued Operations GPGross Profit Marjin (Continued Oper.)
73,3 77,2
7,7
158,1
-1,1
7,7 6,7
30%
20%
13%
8%
23%
0%
5%
10%
15%
20%
25%
30%
35%
-10,0
10,0
30,0
50,0
70,0
90,0
110,0
130,0
150,0
TomatoPaste &
Canned Food
Dairy Pasta Meat(Maret)
Total(Continued
Oper.)Continued Operations GPDiscontinued Operations GPGross Profit Marjin (Continued Oper.)
