ÜLKER BİSKÜVİ

4Q23 EARNINGS

1

01 UpdateQuarterly

02

04 PerformanceFinancial

05

Operational

03

Sustainability

Performance

Update

Inflation

06

Outlook

Accounting

2

Quarterly Update

35% market share with continued share improvements

Significant brand investment

Robust top-line growth Successful cost management

Strong free cash flow generation

  • Record bottom line performance

Strong volume growth across all regions particularly in Domestic and Central Asia Markets

Beyond Hazelnut project

Beyond Cocoa journey

Success in global indexes

4

02 OperationalPerformance

It is a Cultural Transformation towards «End-to-End» Excellence

Eliminate silos and barriers Transform to «One-Team with Winning Culture»

Phase-4

Phase-3

Non stop

Phase-2

2 - 3 years

Global Benchmark

&Continuous

2 - 3 years

Phase-1

End-to-End Excellence

improvement

Roll - out

8 - 12 months

Pilot model

inside Factory

inside Factory

Total Employee Engagement in Loss Elimination

Transformation to Lean & Agile Teams focusing to End-to-End Excellence

6

Deployment of Winning Culture. Layers & Spans optimizations.

Lean transformation. Consolidate our sales operations. Establish

Remove silos in organization. Implement High-Performance-

learning organizations. R&D Academy, Mnf Academy, SC

Work System and Culture

Academy, etc..

Coaching in factories. Operator trainings, Focus on OEE,

Optimization and Synergy projects among manifacturing units.

Focus on digitalization,MCC and productivity leading edge

Material Balance and Loss eliminations.

projects.

Initiate projects with Suppliers, focus on supplier capability

developments.

Standard Procedures. Roll-out best practices.Implement Reward

Fully leverage digital platforms and Technologies. Ensure SC

& Recognition system. «Akıl küpü» Kaizen system.

visibility end to end via digital solutions. Explore loT and future

of manufacturing techniques.

Implement AI particularly into our supply chain and sales

functions

Productivity

Losses

2016

2017

2018

2019

2020

2021

2022

2023

7

Number of Layers

Span of Control

Significant

Continious

improvement in

improvement in span of

number of layers

control

7

4

4

6

A more agile and simplified

Too many organizational layers eliminated

Our strategy is to become a cost leader in

organization has been set up with the

in order to increase productivity, a lean

Leadership Success Model.

new structure.

organizational structure formed within the

scope of Leadership Success Model,

manifesto of our entrepreneur spirit.

8

Turkey

FY23

+75,0%

Revenue Growth

+105,4%

EBITDA Growth

Turkey Exports

FY23

+46,0%

Revenue Growth

+106,9%

EBITDA Growth

North Africa

FY23

+33,6%

+64,4%

Revenue Growth

EBITDA Growth

Central Asia

FY23

+22,6%

Revenue Growth

+13,9%

EBITDA Growth

Middle East

FY23

13,4%

Revenue Growth

4,1%

EBITDA Growth

Growth numbers are based on the local currency changes

9

Balanced Geographic Revenue Mix

TRY47Bn

TRY30B

TRY16B

Domestic

International

65%

35%

Pre-Inflation accounting numbers

Net Revenue By Division

NA; 3% CA; 4% EXPORT; 13%

ME; 14%

TRY47

Billion

DOMESTIC;

65%

10

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Disclaimer

Ulker Biskuvi Sanayi AS published this content on 11 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 March 2024 18:11:08 UTC.