Tat Yatirimci Sunumu
Transcript of Tat Yatirimci Sunumu
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 1/72
March 2012
Updated by 2011 financials
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 2/72
T a t
P2
Agenda
Profile – Brief Overview
Vision Statement
Strategy and Goals
Shareholder Structure
Key Competitive Advantages
Key Company Figures
Annexes – Financials and Other Data
Contacts
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 3/72
T a t
P3
Agenda
Profile – Brief Overview
Vision Statement
Strategy and Goals
Shareholder Structure
Key Competitive Advantages
Key Company Figures
Annexes – Financials and Other Data
Contacts
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 4/72
T a t
P4
Profile – Brief History
1967
Foundation of TAT Konserve
Public Offer of Tat
Shares Merger between Tat, Sek,Maret and Pastavillamerged under TatKonserve umbrella
1992
2003• 1981: One of the world’s three
firms in the aseptic filling
technology in tomato paste.
• 1984: Foundation of MARET A.Ş.
• 1989: Aseptic Diced Tomato
Technology for the first time in
Turkey with TAT
• 1995 : Acquisition of Pastavilla by
Koç Group
• 1997: Acquisition of majority
shares of SEK by Koc Group
• 1998: Public offer of Pastavillashares
2008: Harranova Besi ve Tarim
Urunleri A.S., in which Tat has
58.15% shareholdership, startedto tomato plantation and tomato
paste production in GAP Region.
Target is 1.000.000 tones of
tomato plantation and 165.000
tons of tomato paste production.
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 5/72
T a t
P5
Profile – Key Highlights
Strong brandnames
One of the largestfood company in
Turkey
Innovative andHigh-Tech
productionsystems
Highly experiencedemployees
Customer loyalty,
product quality
Fast growingmarket and
positive economic
outlook
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 6/72
T a t
P6
Profile – Key Highlights (continued...)
• One of the largest tomato paste producer in Europe
• Targeting to be the largest tomato paste producer in Europe and one of the
first 5 producers around the world in three years
• Winner of “Kırmızı” Award in the Best Advertisement Text category, Success Award in the
Best Beverage Advertisement in Press category and in the Best Advertisement Campaign in
Press with “Sek Milk Stories” • “Crystal Apple” Runner-up Award in the TV Advertisement category with “Sek Yoghurt”
• Tat Ketchup, Tat Tomato Paste and Tat Mayonnaise- The most recognized brands by
ACNielsen
• Tat Ketchup- the best radiospots and outdoor activities by Ekonomist*• SEK Pasteurized Milk- the best radiospots by Ekonomist*
• SEK- the most growing milk brand in Turkey by Capital**
• SQMS ( Supplier Quality Management System ) Approval
• ISO 9001:2000 Quality Management Certificate * Weekly Economy Magazine , ** Monthly Business Magazine
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 7/72
T a t
P7
Profile - Key Highlights (continued...)
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 8/72
T a t
P8
Profile - Key Highlights (continued...)
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 9/72
T a t
P9
Profile – Brief Overview of Operations
• One of the largest food company
in the sector
• Manufacturing tomato, dairy,
meat and pasta products
Key Indicators
Stock Info- as of February 23, 2012
Ticker TATKS.IS
Price TL 2,44
MCap. $ 190 mio
TL Million, as of Dec.09 Dec.10 Dec.11
Total Revenues 694 787 758
Gross Profit 140 144 136
EBITDA 70 58 36
Total Employees 1.013 1.081 1.096
Registered Share Capital 250
Paid-in Capital 136MCap. $ 133 mio
Stock Info- as of December 31, 2011
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 10/72
T a t
P10
Profile – Merger Operation
Advantages Created by Merger ;
Synergy between the brands,
Reduction of the costs,
Utilization of the sources more efficiently
Being one of the largest food companies in Turkey
In 2003, Tat, Maret, Sek and Pastavilla mergedunder Tat’s umbrella.
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 11/72
T a t
P11
Profile –Production Facilities & Brand Portfolio
TAT Canning & Tomato ProcessingFoundation: 1967Facilities : Mustafa Kemal Pasa, Karacabey,
TorbaliCapacity : 182.000 tons/year
MARET Meat ProcessingFoundation : 1984Facility : TuzlaCapacity : 36.000 tons/year
PASTAVİLLA Pasta Production Foundation : 1928Facility : İzmir Capacity : 87.000 tons/year
SEK Dairy ProductsFoundation : 1963Facility : Mustafa Kemal PasaCapacity : 139.000 tons/year
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 12/72
T a t
P12
Agenda
Profile – Brief Overview
Vision Statement
Strategy and Goals
Shareholder Structure
Key Competitive Advantages
Key Company Figures
Annexes – Financials and Other Data
Contacts
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 13/72
T a t
P13
Vision Statement
Our Mission...
To become a profitably developing company together with the strong brands
which presents renovated and unique products being close to the consumers
with innovations, high R&D structure, increasing productivity and consistency in
the area of food production and distribution.
Our Vision...
“To be the revolutionary, leading food production and distribution company in
Turkey.”
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 14/72
T a t
P14
Agenda
Profile – Brief Overview
Vision Statement
Strategy and Goals
Shareholder Structure
Key Competitive Advantages
Key Company Figures
Annexes – Financials and Other Data
Contacts
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 15/72
T a t
P15
Strategy and Goals
We aim to reach a company that
• Is the leader in its sector
• Maximizes the shareholders’ earnings
• Keeps its technology up to date
• Keeps the environmental sensitivity
• Maximizes the application of Corporate Governance Principles
• Keeps the sensitivity to customers’ expectations
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 16/72
T a t
P16
Agenda
Profile – Brief Overview
Vision Statement
Strategy and Goals
Shareholder Structure
Key Competitive Advantages
Key Company Figures
Annexes – Financials and Other Data
Contacts
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 17/72
T a t
P17
Shareholder Structure
47 % of the shares are traded in ISE
41,4
9,6
5,3
43,7
Koc Holding Kagome & Sumitomo Other Koç Group Public&Other
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 18/72
T a t
P18
Agenda
Profile – Brief Overview
Vision Statement
Strategy and Goals
Shareholder Structure
Key Competitive Advantages
Key Company Figures
Annexes – Financials and Other Data
Contacts
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 19/72
T a t
P19
Key Competitive Advantages / Strong Brands
Product Differentiation
Tomato Paste Market Share
Source:AC Nielsen, Quarterly Scantrack Data
0
10
20
30
40
50
Q 1 2 0 0 8
Q 2 2 0 0 8
Q 3 2 0 0 8
Q 4 2 0 0 8
Q 1 2 0 0 9
Q 2 2 0 0 9
Q 3 2 0 0 9
Q 4 2 0 0 9
Q 1 2 0 1 0
Q 2 2 0 1 0
Q 3 2 0 1 0
Q 4 2 0 1 0
Q 1 2 0 1 1
Q 2 2 0 1 1
Q 3 2 0 1 1
Q 4 2 0 1 1
%
Tat Tukaş Tamek
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 20/72
T a t
Key Competitive Advantages / Strong Brands
Product Differentiation
Ketchup Market Share
P20
Source:AC Nielsen, Quarterly Scantrack Data
0,0
10,0
20,0
30,0
40,0
Q 1
2 0 0 8
Q 2
2 0 0 8
Q 3
2 0 0 8
Q 4
2 0 0 8
Q 1
2 0 0 9
Q 2
2 0 0 9
Q 3
2 0 0 9
Q 4
2 0 0 9
Q 1
2 0 1 0
Q 2
2 0 1 0
Q 3
2 0 1 0
Q 4
2 0 1 0
Q 1
2 0 1 1
Q 2
2 0 1 1
Q 3
2 0 1 1
Q 4
2 0 1 1
%
Tat Ülker Ünilever Tukaş Pınar
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 21/72
T a t
P21
Key Competitive Advantages / Strong Brands
Product Differentiation
Premium Pasta Market Share
Source:AC Nielsen, Quarterly Scantrack Data
0
20
40
60
80
Q 1 2 0
0 8
Q 2 2 0
0 8
Q 3 2 0
0 8
Q 4 2 0
0 8
Q 1 2 0
0 9
Q 2 2 0
0 9
Q 3 2 0
0 9
Q 4 2 0
0 9
Q 1 2 0
1 0
Q 2 2 0
1 0
Q 3 2 0
1 0
Q 4 2 0
1 0
Q 1 2 0
1 1
Q 2 2 0
1 1
Q 3 2 0
1 1
Q 4 2 0
1 1
%
Pastavilla Barilla Veronelli
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 22/72
T a t
P22
Key Competitive Advantages /Strong Brands
Product Differentiation
Meat Products Market Share
Source:AC Nielsen, Quarterly Scantrack Data
4
9
14
19
24
Q 1 2 0 0 8
Q 2 2 0 0 8
Q 3 2 0 0 8
Q 4 2 0 0 8
Q 1 2 0 0 9
Q 2 2 0 0 9
Q 3 2 0 0 9
Q 4 2 0 0 9
Q 1 2 0 1 0
Q 2 2 0 1 0
Q 3 2 0 1 0
Q 4 2 0 1 0
Q 1 2 0 1 1
Q 2 2 0 1 1
Q 3 2 0 1 1
Q 4 2 0 1 1
%
Maret Pınar Aytaç Polonez
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 23/72
T a t
Key Competitive Advantages /Strong Brands
Product Differentiation
Total Milk Market Share
P23
Source:AC Nielsen, Quarterly Scantrack Data
0
10
20
30
Q 1 2 0 0 8
Q 2 2 0 0 8
Q 3 2 0 0 8
Q 4 2 0 0 8
Q 1 2 0 0 9
Q 2 2 0 0 9
Q 3 2 0 0 9
Q 4 2 0 0 9
Q 1 2 0 1 0
Q 2 2 0 1 0
Q 3 2 0 1 0
Q 4 2 0 1 0
Q 1 2 0 1 1
Q 2 2 0 1 1
Q 3 2 0 1 1
Q 4 2 0 1 1
%
SEK Danone Pınar Sütaş Ülker Yörsan
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 24/72
T a t
Key Competitive Advantages /Strong Brands
Product Differentiation
Pastorized Milk Market Share
P24
Source:AC Nielsen, Quarterly Scantrack Data
0
10
20
30
40
50
Q
1 2 0 0 8
Q
2 2 0 0 8
Q
3 2 0 0 8
Q
4 2 0 0 8
Q
1 2 0 0 9
Q
2 2 0 0 9
Q
3 2 0 0 9
Q
4 2 0 0 9
Q
1 2 0 1 0
Q
2 2 0 1 0
Q
3 2 0 1 0
Q
4 2 0 1 0
Q
1 2 0 1 1
Q
2 2 0 1 1
Q
3 2 0 1 1
Q
4 2 0 1 1
%
Sek A.O.C. Pınar Sutas Yörsan
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 25/72
T a t
Key Competitive Advantages /Strong Brands
Product Differentiation
UHT Milk Market Share
P25
Source:AC Nielsen, Quarterly Scantrack Data
0
10
20
30
Q
1 2 0 0 8
Q
2 2 0 0 8
Q
3 2 0 0 8
Q
4 2 0 0 8
Q
1 2 0 0 9
Q
2 2 0 0 9
Q
3 2 0 0 9
Q
4 2 0 0 9
Q
1 2 0 1 0
Q
2 2 0 1 0
O c a . 0 0
Q
4 2 0 1 0
Q
1 2 0 1 1
Q
2 2 0 1 1
Q
3 2 0 1 1
Q
4 2 0 1 1
%
SEK Danone Pınar Sütaş Ülker Yörsan
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 26/72
T a t
P26
Key Competitive Advantages
Sales Network
Duzey Tuketim Mallari Pazarlama A.S. : is a Koc Group company that operates in thesales and distrubution area of consumer goods. Tat utilizes the sales and distributionnetwork of Duzey in domestic market that penetrates almost all of Turkey.
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 27/72
T a t
P27
Agenda
Profile – Brief Overview
Vision Statement
Strategy and Goals
Shareholder Structure
Key Competitive Advantages
Key Company Figures
Annexes – Financials and Other Data
Contacts
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 28/72
T a t
P28
Net Sales
TL Mio
380350
448
547
629
694
787758
2004 2005 2006 2007 2008 2009 2010 2011
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 29/72
T a t
P29
Net Sales Breakdown by Product Group
132 124 128 164 182 167218 248
112 91171 184
221 276271
16785
90
105
143
160201
249
284
3841
44
56
6650
4859
2004 2005 2006 2007 2008 2009 2010 2011
Other Pasta Dairy Meat Tomato Paste & Canned Food
TL Mio
380 350
448
547
Total
629694
787 758
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 30/72
T a t
P30
Net Sales Breakdown by Region
84 89 92 94 93 94 94 90
16 11 8 6 7 6 6 10
2004 2005 2006 2007 2008 2009 2010 2011
Domestic Export
%
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 31/72
T a t
P31
EBITDA
36
587051
-36
40
24
1
4,8%
7,4%
10,1%
8,1%
-9,4%
0,4%
5,4%
7,2%
-60
-40
-20
0
20
40
60
80
2004 2005 2006 2007 2008 2009 2010 2011
-15%
-10%
-5%
0%
5%
10%
15%
EBITDA EBITDA Margin %
TL Mio %
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 32/72
T a t
P32
Gross Profit
136
114
97
71
40
10
144140
11,3%
15,8%
17,7% 18,1%
18,0%
18,3%
2,7%
20,2%
0
20
40
60
80
100
120
140
160
2004 2005 2006 2007 2008 2009 2010 2011
0%
5%
10%
15%
20%
25%
Gross Profit Gross Margin %
%TL Mio
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 33/72
T a t
P33
Gross Profit Margin by Product Group
5 5
-4
10
12
9
16
22
19
9
16
26
19
9
19
28
19
10
16
23
13
2325
21
11
15
911
28
13
24
19
-10
-5
0
5
10
15
20
25
30
Tomato Paste&Canned
Food
Dairy Meat Pasta
2004 2005 2006 2007 2008 2009 2010 2011
%
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 34/72
T a t
P34
Net Operating Profit
21
4256
3831
17-17
-56
3,9%
5,7% 6,1%5,4%
2,7%
8,0%
-14,7%
-5,0%
-80
-60
-40
-20
0
20
40
60
80
2004 2005 2006 2007 2008 2009 2010 2011
-20%
-15%
-10%
-5%
0%
5%
10%
EBIT EBIT Margin
%TL Mio
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 35/72
T a t
P35
Net Income
916
34
-4
11
-19-15
-54
2,0% 1,2%2,1%
4,9%
-0,7%
-14,2%
-4,4% -4,3%
-60
-50
-40
-30
-20
-10
0
10
20
30
40
2004 2005 2006 2007 2008 2009 2010 2011
-20%
-15%
-10%
-5%
0%
5%
10%
Net Income Margin
%TL Mio
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 36/72
T a t
P36
Agenda
Profile – Brief Overview
Vision Statement
Strategy and Goals
Shareholder Structure
Key Competitive Advantages
Key Company Figures
Annexes – Financials and Other Data
Contacts
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 37/72
T a t
P37
Annexes
Summary Profit & Loss Statement
Summary Balance Sheet
CapEx
Agenda -2011
Tomato Plantation in Turkey & Tomato Processing in Tat
Tomato Processing Investment in Urfa
Why GAP Region?
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 38/72
T a t
P38
Summary Income Statement
Summary Income Statement (Mio TL) 2004 2005 2006 2007 2008 2009 2010 2011
Net Sales 380 350 448 547 629 694 787 758
Gross Profit 10 40 71 97 114 140 144 136
EBITDA -36 1 24 40 51 70 58 36
Net Operating Profit -56 -17 17 31 38 56 42 21
Profit Before Tax -62 -20 -17 17 0 38 27 5
Net Income-54 -15 -19
11 -4 34 16 9
Key Indicators (%) 2004 2005 2006 2007 2008 2009 2010 2011
Gross Profit Margin 2,7 11,3 15,8 17,7 18,1 20,2 18,3 18,0
EBITDA Margin (9,4) 0,3 5,4 7,2 8,1 10,1 7,4 4,8
Net Operating Profit Margin (14,7) (5,0) 3,9 5,7 6,1 8,0 5,4 2,7
Net Margin (14,2) (4,4) (4,3) 2,0 (0,7) 4,9 2,1 1,2
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 39/72
T a t
P39
Summary Balance Sheet
TL million 2004 2005 2006 2007 2008 2009 2010 2011
Current Assets 183 168 190 219 323 343 372 428
Non-current Assets 170 147 141 179 204 196 184 178
Total Assets 352 315 331 397 526 538 556 606
Current Liabilities 231 181 191 149 332 239 185 161
Net Financial Debt 156 169 202 173 291 256 246 245
Non-current Liabilities 10 40 68 100 36 100 138 209
Shareholder's Equity 111 94 73 149 158 199 233 236
Total Liabilities 352 315 331 397 526 538 556 642
Current Ratio 0,79 0,93 1,00 1,47 0,97 1,43 2,01 2,65
Liquidity Ratio 0,26 0,40 0,52 0,49 0,42 0,70 0,84 1,28
Net Financial Debt/Equity 1,49 1,81 2,79 1,17 1,84 1,29 1,05 1,04
Working Capital (Mio TL) 101 116 145 152 227 256 286 283
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 40/72
T a t
P40
Capital Expenditures
Capital Expenditures for up-to-date technologies
$ Million 2006 2007 2008* 2009* 2010* 2011*
Machinery , Equipment, Modernization 2 5 20 6 5 7
Infrastructure & Construction 1 6 14 4 6 1
Other 1 1 1 1 1 1
Total 4 12 35 11 12 9
* Includes Harranova investments in GAP region
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 41/72
T a t
P41
Agenda 2012
Growth Target in Net Sales 20%
Growth Target in Sales Quantity 14%
New SKU’s in ESL pastorized milk and yoghurt drink categories
New faces for Pastavilla, Kartal, Sek and Maret brands
New sauce types to pasta segment
New flavoured milk types
New faces for Sek branded fruit juices
Sale of idle and available real estates
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 42/72
T a t
P42
Tomato Plantation in Turkey & Tomato Processing in Tat
Tomato Processing by Tat (000 tons)
220 250330
500
340 300 350400
800
950
1250
610
0
200
400
600
800
1000
1200
1400
2005 2006 2007 2008 2009 2010 2011 2012P 2013P 2014P 2015P 2016P
Tomato Paste by Tat (000 tons)
195
150
125
34
65
575052
72
5539
95
0
50
100
150
200
2005 2006 2007 2008 2009 2010 2011 2012P 2013P 2014P 2015P 2016P
(tons/year) 2004 2005 2006 2007 2008 2009 2010 2011
TomatoProductionin Turkey
1.861.500 1.679.000 1.513.800 1.541.000 2.800.000 2.000.000 1.350.000 2.100.000
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 43/72
T a t
P43
Tomato Processing Investment in Urfa
Location ; Sanliurfa
Total Plantation Area ; 15.000-100.000
decars
Production Start Date(P) ; June 2008
Season Length ; 56 days
Tomato Processing; 1.000K tons/year by
the year 2016
Tomato Paste ; 160.000 tons/year by the
year 2016
First Tomato Investment in Southeastern Anatolia Project (GAP)
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 44/72
T a t
P44
Harranova Operation Scheme
AgricultureProcess
Tomato Paste
Livestock
Slaughterhouse
• CustomersMeat
By-product
• ExportAseptic
Tomato Paste
• Export/DomesticCannedTomato Paste
• Müşteriler Parça Et • CustomersWheat
Cotton
• Müşteriler Parça Et • CustomersLivestock
Tomato
Production
Feeding CropProduction
Grain Feed
Production
Tomato Paste
Production
Tomato
Residual
Livestock
Fertilizer
Slaughtering
Debonning
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 45/72
T a t
P45
Tomato Processing Investment in Urfa
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 46/72
T a t
P46
Fields for Plantation
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 47/72
T a t
P47
Preparation to Plantation
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 48/72
T a t
P48
Seedling Plantation
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 49/72
T a t
P49
Tomato Growing
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 50/72
T a t
P50
Tomato Harvesting
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 51/72
T a t
P51
Feeding Crop & Harvesting
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 52/72
T a t
P52
Tomato Entrance to Factory
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 53/72
T a t
P53
Tomato Processing
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 54/72
T a t
P54
Tomato Paste Production
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 55/72
T a t
P55
Livestock Process
Preparation of Monyhly & Annual
Livestock Plans Supply &Transportationfrom Domestic
Livestock MarketQuarantine~30 Days
Transfer to
Livestock Farm &Feeding Period~250-300 Days
Slaughtering
Carcass MeatProduction
Debonned MeatProduction
Customer Demand
Customers
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 56/72
T a t
P56
Livestock Farm
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 57/72
T a t
P57
Slaughtering & Debonning
Wh GAP R i
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 58/72
T a t
P58
Why GAP Region
Why GAP Region?
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 59/72
T a t
P59
Why GAP Region ?
Close to export markets
Source: Prime Ministry Southeastern Anatolia Project Regional Development Administration
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 60/72
T a t
P60
GAP REGION9.7 %OTHER
90.3 %
ECONOMICALLY IRRIGABLE AREA
GAP REGION20.0 %
OTHER 80.0 %
Land Potential
TOTAL AREA
Why GAP Region ?
Source: Prime Ministry Southeastern Anatolia Project Regional Development Administration
h i
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 61/72
T a t
P61
Why GAP Region ?
Price of Land in Organized Industrial Zones
(per square meters)
$27.00
$9.66
$100.00
$5.17
Denizli(centre)
İstanbul(Tuzla)
Bursa(centre)
Diyarbakır
Land Prices
Source: Prime Ministry Southeastern Anatolia Project Regional Development Administration
Wh GAP R i ?
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 62/72
T a t
P62
Why GAP Region ?
State Incentives
Investment Encouragement
Scheme Custom Duties And Fund Exemption
VAT Exemption On Imported And Locally Procured Machinery &Equipment
Exemption From CertainStamps Duties And Charges
Subsidized Credit Cost
5084
Others & Export Incentive
2009/15199
Source: Prime Ministry Southeastern Anatolia Project Regional Development Administration
Wh GAP R i ?
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 63/72
T a t
P63
Why GAP Region ?
Law 5084
80%-100% exemption onincome withholding tax on labor,
80%-100% exemption on
social security premiums on labor;
20%-50% reduction on energy costs;
Subsidized Credit Cost for specific regions and investments
Allocation of free land.
Investment EncouragementScheme
State Incentives
Others & Export Incentive
2009/15199
Source: Prime Ministry Southeastern Anatolia Project Regional Development Administration
Wh GAP R i ?
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 64/72
T a t
P64
Why GAP Region ?
2009/15199
Credit upto 500K TL with 5% and 2% subsidyin interest rates On TL and F/X based loans respectively,
Corporate Income Tax Rate of 2%.
45 TL/decar incentive for corn silage plantation(In 2010, as a second crop, corn silage would be planted
on 25K decars of land.)
Investment EncouragementScheme
5084
State Incentives
Others & Export Incentive
Source: Prime Ministry Southeastern Anatolia Project Regional Development Administration
Wh GAP R i ?
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 65/72
T a t
P65
Why GAP Region ?
Others & Export Incentive
INVESTMENT ALLOWANCE(40% FIXED)
KOSGEB
(National SME Development Agency)Executes a comprehensive
SME support Scheme
UNDERSECRETARIAT for FOREIGN TRADEsupports exporters
Export incentive; 131 $ refund per ton per tomato paste exported
Investment EncouragementScheme
5084
State Incentives
2009/15199
Source: Prime Ministry Southeastern Anatolia Project Regional Development Administration
Wh GAP R i ?
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 66/72
T a t
P66
Why GAP Region ?
Labour Costs
272,6
371,1419,3
529,8547,2558,4
934
0
100
200
300
400
500
600
700
800
900
1000
Slovenia Czech Rep. Poland Hungary S lovakia Turkey GAP Region
Monthly Salaries (Minimum Wage Rate €)
* Source: ILO for data on other countries.
* Minimum Wage Rate in Turkey from MoLSS .
* Cost to the employer in GAP Region is based on incentives offered by Law No 5084.
Source: Prime Ministry Southeastern Anatolia Project Regional Development Administration
Why GAP Region ?
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 67/72
T a t
P67
Why GAP Region ?
I t a l y
J a p a n
I r e l a n d
D e n m a r k
P o r t u g a l
H u n g a r y
S w i t z e r l a n d
S l o v a k R e p .
F i n l a n d
G r e e c e
C z e c h R e p .
U K
P o l a n d
M e x i c o
C h i n e s e T a i p e i
N
e w Z e a l a n d
K o r e a
F r a n c e
U n i t e d S a t e s
G e r m a n y
S p a i n
N o r w a y
A u s t r a l i a
S . A f r i c a
A u s t r i a
T u r k e y ( 2 ) ; $ 0
, 0 6 2 4 k W h
T
u r k e y ( 1 ) ; $ 0 , 0 9 1 7 k W h
G A P R e g i o n ( 3 ) , $ 0
. 0 4 9 9 k W h
G A P R e g i o n ( 4 ) ; $ 0 , 0 3 1 2 k W h
Law no 5084 allows for
20%-50% savings on
electricity costs.
(1) Turkey, normal tariff
(2) Special tariff for less developed regions
(3) Tariff based on 20% exemption from electricity costs as per Law no 5084
(4) Tariff based on 50% exemption from electricity costs as per Law no 5084
Energy Prices
Industrial Electricity Prices in Selected OECD Countries
Source: Prime Ministry Southeastern Anatolia Project Regional Development Administration
Why GAP Region ?
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 68/72
T a t
P68
Why GAP Region ?
Manufacturing Cost
14.90%100.0%Total
0.00%26.5%Others
6.25%12.5%Energy
3.40%8.5%Labor
5.25%52.5%Raw Material
Savings in GAPRegion
Average Costs
Frozen Food Manufacturers
Source: Prime Ministry Southeastern Anatolia Project Regional Development Administration
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 69/72
T a t
P69
THANK YOU
Agenda
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 70/72
T a t
P70
Agenda
Profile – Brief Overview
Vision Statement
Strategy and Goals
Shareholder Structure
Key Competitive Advantages
Key Company Figures
Annexes – Financials and Other Data
Contacts
Contacts
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 71/72
T a t
P71
Contacts
• Arzu Aslan KESİMER
CEO+90 216 430 00 30
• Tamer SOYUPAK
CFO
+ 90 216 430 01 92
Disclaimer
7/29/2019 Tat Yatirimci Sunumu
http://slidepdf.com/reader/full/tat-yatirimci-sunumu 72/72
T a t
P72
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 changes in
underlying assumptions that could cause actual results to differ materially.
Neither Tat Konserve nor any of its directors, managers or employees nor anyother person shall have any liability whatsoever for any loss arising from use of
this presentation.