Presentation for Investors
2013
Engine and Tractor
Legal Warning CONFIDENTIAL This presentation is prepared by the - - PowerPoint PPT Presentation
Engine and Tractor Presentation for Investors 2013 Legal Warning CONFIDENTIAL This presentation is prepared by the Investor Relations Department of TMOSAN Engine and Tractor Industry Inc. It shall not be used as a marketing document on no
Engine and Tractor
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Presentation for Investors June 2013
be used as a marketing document on no account.
any legal and penal obligations that may arise.
in part under no circumstances.
possible changes in various factors and assumptions and thus, there might be significant differences between the obtained results and expectations.
may arise from utilization of this presentation.
active in 6 differentindustries listed below.
Service
u si n e s s during the « g a rb a g e cri si s»
Garbage Co l l e c ti
and Waste M a n a g e me n t fields with 830 v eh i cl e s and 5 .50
d di tio n i t ca rri e s on i t s waste management b u si n e ss in Iraq an d Pakistan with 400 v e hi cl e s an d 7.000 personnel. Apart from garbage collection, i t has b ee n providing se rvi ce s such as me te r reading, invoicing, maintenance opening- closing to institutions like İSKİ, TEDAŞ, İGDAŞ as of
Undertaking and Real Estate
importantprojects which include İstanbul Taksim metro and many housing projects.
Logistics
minibuses today.
Albayrak Group as of 2003.
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Presentation for Investors June 2013
Industry
modernized . Theplant carries on its business in anindoor area of 46.500 square metersand has a daily production capacity of fabric and 12.000 kg thread today .
have a production capacity of 200 tons of paper per year with an investment of 30 million €.
which was acquired through privatization in 2005 are built on an area of 1.6 millionsquare meters in Konya, 93 thousand of which are indoor area and it has an annual production capacity of45.000 tractors and 75.000 diesel enginesin three shifts.
100.000 square meters,11.000 square meters of which is indoor area.
Media
broadcasting as of 2007.
Tourism
Tableland at an altitude of 2.300 meters.
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Presentation for Investors June 2013
Number of Establishments 2.300.000 10.000.000 Average Establishment Size (Ha) 6.8 17.4 Total Agricultural Land (million ha) 26 163 Share ofAgriculture in G N P (%) 8 1.9 WheatYield (kg/da) 265 570 GDP per capita inagriculture ($) 3.602 9.286 Number of Tractors 1.500.000 15.000.000 TractorOwnership of Establishments (%) 65 150 AveragePower of Tractors (HP) 60 100
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Presentation for Investors June 2013
Products that rank first: Products that rank second: Products that rank third: Products that rank fourth: Products that rank fifth: Products that rank sixth: Products that rank seventh: Products that rank eighth: Manyproducts of Turkey are among the top 10 in world production. Hazelnut, Apricot,Fig, Cherry, Sour Cherry,Quince, Poppy, Watermelon, Melon, Strawberry, Leek, Honey vetch Lentil, Apple, Cucumber, Green Pepper, Green Beans, Chestnut Pistachio Lentil, Apple, Cucumber, Green Pepper, Green Beans, Chestnut Pistachio Tomato, Mandarin, Spinach, Walnut, Chickpea, Wax Sugar Beet, Tea, Eggplant, Olive Grape, Onion, Peach, Safflower Pear, Lemon,Grapefruit, Barley, Cotton, Oat, Almond, Mutton
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Presentation for Investors June 2013
with24 million hectares of cultivated agricultural land.
61.8 billion. Turkeyhas the 7th biggest agricultural economy in the world.
GDP in the same periodwas 14.4%.
this rate is only 26% with total employment of 6.1 million people in agricultural
annual growth rate ofagricultural productimport was increased by 20.7% in average per year and the rate of increase was 12% in average per year in export between 2002-2011.
Hazelnut (1), Watermelon (2), Sugar Beet (4), Tomato (4),M a nd arin (4), Barley (6), Grape (6), Wheat (10).
TUİK
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Presentation for Investors June 2013
Agricultural Production in Turkey
Agricultural Production Million $ Agricultural Production GDP Share %
Agricultural Land in Turkey Million Ha
Meadow Pasture 14.6 Cultivated 15.7 Fallowing 4.0 Vegetable Gardens 0.8 Vineyard 0.5 Other Fruits 1.8 Olive Tree 0.8
land structure limitedestablishment size, lack of input grab attention.
inEuropean Unioncountriesisaround 17.4 hectares.
5hectares with 31%.
land in the country, 83% of the current establishments carry on their business on lands smaller than 10 hectares .
establishments decreased but the number of establishments that own a land covering 100 hectares and above is around 4.500.
the average establishment size via consolidation by rehabilitating theexisting structure as priority issues.
Source: Tarmakbir, TSI, Ministry of Food Agriculture and Livestock *Data of2011 and 2012 are compiled from estimated data of Farmer Registration System and TSI . Source: TSI, Eurostat
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Presentation for Investors June 2013
Agricultural Establishments
Number of Establishments Million Size of Establishment Ha
Land Distribution Based on Agricultural Establishments
mic development level of countries increase, population dealing with agriculture decreases. In USA the rate of agricultural employment is around 1-1.5%, in European Union it is 5 .5
.0 % but it is around 26% in Turkey.
increasing needs of growing population necessitates productivity increase in agriculture. The mostsignificant result of this is that practices based on labor give way to practices based on mechanization.
the establishments are composed of small and fragmented lands. By combining fragmented smallscale agricultural land parcels, the number of establishments is decreased and average establishment size is increased.
were fragmented down to 1 decare earlier. In addition, land consolidation works are in progress in priority regions.
like land, water and air, mass production commenced in field agriculture, establishments are being specialized and technological standards became higher.
Source: Tarmakbir, TSI, Ministry of Food Agriculture and Livestock
Selected Indicators Turkey European Union Cultivated Area 16 Million ha 240 Million ha Number of Agricultural Establishments 2.3 Million 13.7 Million Average Establishment Size 6.8 ha 17.5 ha Agricultural Population 30% 6% Share of Agriculture in Employment 26% 6%
Equipment per Tractor 5.2 10 Average Tractor Power 60 HP >100 HP Ratio of 4WD Tractors 20% 90%
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Presentation for Investors June 2013
machinery m arket the value of whic h is 70 70 million dollars.
land and agricultural economy are also leaders in the world tractor market size.
made in China and India.
Turkey ranks fifth in the world according to estimated data for 2012.
in establishment size in the world, the horizontal employment, particularly in developed countries increases agricultural productivity but also increases the need for tractors and also necessitates replacing the existing tractors with tractors having higher engine power.
Source: Tarmakbir, Agrievolution Tractor Producing Country Market Va lu e Million $ Deere & Co USA 33.6 Kubota Cerp. Japan 12.7 CNH Global N.V. The Netherlands 10.6 Mahindra & Mahindra India 10.2 UnitedTractors TBK Indonesia 8.7 Agco Corp. USA 4.5 Bucher Industries S witzerland 1.9
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Presentation for Investors June 2013
World Tractor Market 2011
India 41% Other 15% USA 11% China 23% Turkey 4% Japan 3% Brazil 3%
Total number of tractor sales, 2012 Average of last 20 years (1993- 2012) Traffic Registry at the end of May 2013 : 51.032 : 34.366 : 19.611
Source: Tarmakbir, Agrievolution,TUİK
62 billion US Dollars,
competition of the banks created a credit environment for the benefit of farmers.
country.
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Presentation for Investors June 2013
Num ber Year
decade.
from 8.
decade.
Source: Tarmakbir, TSI, Company
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Presentation for Investors June 2013
Ratio of 4WD Average HP
comparison to previous years.
Source: Tarmakbir, TSI, Company
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Presentation for Investors June 2013
structure, limitedestablishment size, lack of input grab attention.
5hectares with 31%.
available agricultural land in the country, 83% of the current establishments operate on lands smaller than 10 hectares.
establishments decreased but the number of establishments that own a land covering 100 hectares and above is around 4.500.
the average establishment size via consolidation by rehabilitating theexisting structure as priority issues.
Source: Tarmakbir, TSI, FAO, Company
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Presentation for Investors June 2013
Regional Distribution of Turkey's Tractor Pool
Turkey's Tractor Pool 2012
Southeastern Anatolia 7% Northeastern Anatolia 4 % East of Central Anatolia 3% Eastern Black Sea 1% W est Anatolia 8% Central Anatolia 9% Eastern Marmara 10% W estern Marmara 12% W estern Black Sea 13% Mediterranean 13% Aegean 20% Under 10 Years of Age 302.647 21% 10-25 Years of Age 459.055 31% Age 25 and Above 704.506 48%
Source: Tarmakbir, TSI, FAO, Company
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Presentation for Investors June 2013 TOTAL
27.625.076
Rankin g Country Tractor Parla (Number) % 1 USA 4.760.000 17 2
India
2.528.122 9 3
Japan
2.028.000 7 4
Italy
1.680.000 6 S
Turkey
1.500.000 5 6
Poland
1.371.340 5 7
France
1.364.000 5 8
China
945.421 4 9
Germany
944.000 3 10
Spain
943.000 3 11
Brazil
806.000 3 12
Canada
732.000 3 13
Russia
586.000 2 14
England
500.000 2 15
Ukraine
390.000 1 16
Austria
330.000 1 17
Mexico
324.000 1 18
Serbia
324.038 1 19
Pakistan
320.500 1 20
Australia
315.000 1 20.060.403 80
Other s 46% USA 17% India 9% Japan 7% Italy 6% France 5% Turkey 5%
for the first 5 months of 2013, with 15.05% of Market Share TÜMOSAN ranks second in the sector.
Source: Tarmakbir, TSI, Company Source: Tarmakbir, TSI, Company
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Presentation for Investors June 2013
Jan.13 Feb.13 Mar.13 Apr.13 May13
Years 30.06.09 31.12.09 30.06.10 31.12.10 30.06.11 31.12.11 31.03.12 30.06.12 31.12.12 31.03.13 30.06.13
Tümosan Sales (Number )
1.668 725 1.888 4.891 4.961 10.337 2.079 3.672 6.735 1.892 4.315
Sales Revenue s (Million TL)
196 411.4 86.1 148.3 291.6 90.2 207.1
Source: Sales to Dealers by Company Source: Tarmakbir, Company
its sales-to-dealers figure above the previous year's figure. Increase in Sales Figures started in March when Credit rates of Ziraat Bank became clearer and
TÜMOSAN (Company ) PRODUCT ION SALES 2012/6 3.302 3.672 2013/6 4.180 4.315
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Presentation for Investors June 2013
Short Term
expected to exceed 60 thousand tractors per year .
decrease during the following 2 years.
conscious production, using European Union Emission Standard Stag e IV engines will be mandatory in 2015. Due toconsolidation of Medium-
Long Term
and thus industrial agriculture gradually gains more importance.
establishmentshave their own tractors.
possible.
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Presentation for Investors June 2013
engineand transmission.
Farmer
and equipment to be used.
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Presentation for Investors June 2013
prices.
strong people who are familiar with
scale.
technology and quality sufficiency sought in the products to be sold in target market.
agricultural machinery and financially strong and establishing sales and after sales network
in target market and penetrate into the market with existing sales and after sales service network
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Presentation for Investors June 2013
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Presentation for Investors June 2013 Production Purchase Guarantee at 75%
Lien Credit Credit Facility Request Farmer Agricultural Establishmen t Tractor Sales Taking Back the Old Tractor as Down Payment Sales to Dealers
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Presentation for Investors June 2013 1976
Chemical Industry Corporation (MKEK), Turkish Agricultural Equipment Institution (TZDK), Şekerbank, Türkiye Denizcilik Bank and Turkish State Industry and Workers Investment Bank for the purpose of producing tr a c tor s and diesel engines for light- duty vehicles, trucks and heavy trucks. 1977 For the production of tractors and diesel engines, a licence agreement was signed with Italian FIAT company and the licence was obtained to produce 3, 4 and 6 cylinder diesel engines in the range of 49-142 HP and 8 types of tractors. 1981 Engine assembly and test workshop built in Konya and engine production commenced. 1983 Tractor assembly workshop was completed and tractor production commenced. 1986 Tractor mechanics workshop was complete ted. 1987 Investment for production lines of motor block, cylinder head an main bearing cap was completed and production of domestic engine commenced. 1987 – 1992 Licence agreement with FIAT company was expired in 1988 and Tümosan continued to produce diesel engines and tractors under its own brand in the following years. Tractor production was ceased between 1987-1992 and only engines were produced. 1993
Head office: Yeşilköy Mahallesi, Atatürk Cad. No:10/2 İstanbul Dünya Ticaret Merkezi A3 Blok Kat:8, 34149, Bakırköy- İstanbul Factory: Büyükkayacık Mahallesi Aksaray Çevre Yolu Caddesi No:7/1 Selçuklu/Konya/Türkiye
increasing the capacity if needed on the current complex without making additional investment in land.
Vineyard-Orchard, single traction, dual traction, cab-over and taut.
Southeastern Anatolia and Central Anatolia where 35% of tractor demand is generated ii) it is at the junction of highways and railways iii) it has the biggest share of Company's material acquisition at home with 20%.
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Presentation for Investors June 2013
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Presentation for Investors June 2013
authorized dealers network at 101 points in 65 provinces under 11 regional directorates as of 30.06.2013.
further increase service quality.
authorized service stations throughout the country.
Quality Compliance Certificate. It received Laboratory Quality Competence Certificate from Turkish Standards Institute for quality control. Tümosanalso has TS-EN-ISO 9002 and AQAP 120 quality assurance certificates.
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Presentation for Investors June 2013
Diesel Engine Production
1981 without interruption . 170 thousanddiesel engines have been produced in total in the last 3 decades.
being produced. 3 cylinder; 50-55-65-75-85 HP 4 cylinder; 75-85-95-105-110-115-125 hp
Tümosan Diesel Engines
Advantages provided by Diesel Engine Production to Tümosan
reference to imported engines wh i ch i s a ro u n d € 1,000 today is expected to increase further .
Product Production Capacity (Number/Year ) Singl e Shift Three Shifts Diesel Engine 25.000 75.000 Engine Block 30.000 90.000 Cylinder Head 30.000 90.000 Main ⇥ Bearing Cap 159.300 477.000 29
Presentation for Investors June 2013
Phase I: Design
scope of R&D and virtual design of new models are now completed in 6 months.
Phase II: Prototype Production and Tests
suppliers at home and abroad.
the prototype workshop.
Phase III: Mass Production
standard production.
consultants .
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Presentation for Investors June 2013
Tractor Series Horse Hp Cylinder 2WD 4WD Engine Em ission Sales P rice Range Model Differences Vine yards and Orcha rds 4200 50-55 3 Stage III 36.100 115.000.00 41.300 115.000.00 5.200 55-65-75-85 3 Stage III 52.000 115.000.00 69.200 115.000.00 Field 4000 50-55 3 Stage III 35.500 115.000.00 40.500 115.000.00 4100 50-55 3 Stage III 35.800 115.000.00 40.800 115.000.00 6000 55-65 3 Stage III 50.700 115.000.00 64.300 115.000.00 6100 55-65 3 Stage III 51.700 115.000.00 TL 67.300 7000 75-85 3 Stage III 55.000 115.000.00 73.100 115.000.00 7100 75-85 3 Stage III 58.700 115.000.00 74.200 115.000.00 8000 75-85-95 4 Stage III 58.000 115.000.00 81.000 115.000.00 8095 - 4WD 8100 75-85-95-10 5 4 Stage III 65.500 115.000.00 92.000 115.000.00 8195 - 4WD ⇥ 8105 - 4WD
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Presentation for Investors June 2013
created in İTÜ Technopark in three main fields as vehicle design, transmission and diesel engine .
Union Emission Standard Stage IV are in progress.
andthey will beput upfor saleas of September 2013.
sharein 50 HP tractor segment where the competition is high are in progress. Since the model year is shifted to the beginning of new year, sales will commence as of the beginning of 2014 within the scope of new models.
carried out.
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Presentation for Investors June 2013
Cotton Picking Machine
cotton picking machines.
scrutiny.
Spraying Machine
mandatory.
vehicle .
increasingly continues.
will be used.
Telehandler
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Presentation for Investors June 2013
which are some of the most important components of tractors,
products at affordable prices,
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Presentation for Investors June 2013
to its privatization in 2004, produced and sold more than 10 thousand tractors in 2011 only.
market share in tractor segment of below 50 HP where the competition is high are in progress. Since the model year is shifted to the beginning of new year, sales will commence as of the beginning of 2014 within the scope of new models.
imported products as they are not produced in Turkey will be in September 2013. Competitive advantagewill be gained due to the price advantage as compared to imported products.
in terms of sales at home and abroad.
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Presentation for Investors June 2013
Below tableshows the market shares of Tümosan based on Horse Power.
Source: Tarmakbir, TSI, FAO, Company
and 8195 models.
%.
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Presentation for Investors June 2013
While reaching to 60% of Turkey with 48 authorized dealers in 2009, today Tümosan can reach all over Turkey through its widespread authorized dealer network composed of 101 dealers in 65
Tümosan prefers financially strong candidates among from those dealing with tractor trade when selecting authorized dealers.
(sales, service, spa re parts) co ncept at sales and after sales points and further increase
in 11 provinces 13 dealers in 11 provinces 26 dealers in 8 province s 14 dealers in 8 provinc es 13 dealers in 8 province s 10 dealers in 7 provinc es 10 dealers in 12 province s 15 dealers
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Presentation for Investors June 2013
and brand awareness works that it intensified in recent years.
improvement of product and service quality.
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Presentation for Investors June 2013
infrastructure and have an easy access to qualified human resources is located in İstanbul since 2004.
was moved to İTÜ TechnoPark in February 2013.
Production of Engine- Gearbox- Transmission
Projects Supported by TUBİTAK
and production of powershift transmission are in progress.
Turkey in 2014 continue.
Tractor Production
Projects Supported by TUBİTAK
the production phase.
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Presentation for Investors June 2013
Sector
Tractor Market
conjunction with scrappagepage incentive
Tümosan
profitable tractors of 100 hp and above and increased profitability
due to improvement in supply costs
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Presentation for Investors June 2013
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Presentation for Investors June 2013 Million TL 2009 2010 2011 2012 2012/3 2013/3 2012/6 2013/6 Sales 59.0 181.1 411.4 292 86 90 148.2 207.1
Change 207% 127%
Gross Profit 9.4 34.7 90.6 54 18 19 28.3 46.9
Margin 16% 19% 22% 18% 21% 21% 19%
22 %
Real Operating Profit 2.4 22.5 69.1 36 11 18 18.3 32.1
Margin 4% 12% 17% 12% 13% 20% 12% 15%
PBITA 5.0 24.8 72.7 76 16 24 28 48.5
Margin 8% 14% 18% 26% 19%
27 %
19% 23%
Net Profit 0.0 16.3 54.0 30 10 16 14.2 30.1
Margin 0% 9% 13% 10% 12% 18% 10% 15%
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Presentation for Investors June 2013
Since the Audit Company changed the items in Balance Sheet due to the amendments made in communique data for 2012/6 and 2013/6 will be presented on the next page.
Current Assets, Million TL 2009 2010 2011 2012 2013/3 Cash and Cash Equivalents 0.2 4 .1 0.3 22 0.4 Trade Receivables 2.4 11.9 31.5 52 71.4 Receivables from Related Parties 1.1 5.0 1.0 79.1 84 . 7 Inventories
32.2 79.9 67 .3 76 Other Current Assets 4 .5 11.2 20.1 32.3
Assets Held For Transfer
38.9 64.4 132.7 252.7 271.2 Fixed Assets, Million TL 2009 2010 2011 2012 2013/3 Tangible Fixed Assets, Net 35.9 37 .0 82.6 74 .1 73 Intangible Fixed Assets, Net 0.1 1.3 0.5 0.4
Investment Properties 1.8
0.4 0.4 Receivables from Related Parties
0.1 0.1 0.1 0.4
4 .6 0.2
42.4 40.3 145.9 75.3 74.1 Total Assets 81.3 104.7 278.6 328 345.3
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Presentation for Investors June 2013
Current Assets, Million TL 2012 2013/6 Cash and Cash Equivalents 22 35.5 Trade Receivables 52.4 88.8
52 88.3
0.4 0.5 Other Receivables
0.04
0.04 Inventories 67 .3 75.8 Prepaid Expenses 1.1 3.1 AssetsRelated to Current Period Tax
Other Current Assets 31.2 44 .2 Total Current Assets 252.7 247.6 Fixed Assets, Million TL 2012 2013/6 Other Receivables
Investment Properties 0.3 0.3 Tangible Fixed Assets 74 .1 74 .8 Intangible Fixed Assets 0.4 0.5
0.4 0.5 Other Fixed Assets 0.3 Total Fixed Assets 75.3 78.8 Total Assets 328 326.4
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Presentation for Investors June 2013
Since the Audit Company changed the Balance Sheet Items due to the amendments made in
be stated in next page.
Short Term Liabilities , Mi l li
2009 2010 2011 2012 2013/3 Financial Liabilities 23.1
26.1 47 .4 37 .6 Trade Payables 10.3 28.6 85.9 53.9 66.5 Payables to Related Parties 9.5 0.0 0.0 0.0 0.5 Tax Liability for Profit for the Period
7 .8 4 .5 Debt Provisions 0.8 3.9 5.2 4 .4
Provisions Related to Employee Benefits 0.1 0.3 0.3 0.4 0.4 Other Short Term Liabilities 2.9 2.4 3.5 11
Total Short Term Liabilities 46.7 48.9 123.2 124.9 126.9 Long Term Liabilities, Million TL 2009 2010 2011 2012 2013/3 Financial Liabilities
10.2 1.8 0.6 Provisions Related to Employee Benefits 0.6 1.2 1.3 1.6 1.6 Other Long Term Liabilities 1.6
1.3 1.1 Total Long Term Liabilities 2.2 7.1 13.4 4.7 3.3 Equities, Million TL 2009 2010 2011 2012 2013/3 Paid-In Capital 55.0 56.0 56.0 115.0 115.0 Reserves on Retained Earnings 0.1 0.1 0.1 0.1 0.1 Special Funds 1.0
26.2 Tangible Fixed Asset Valuation Fund
39.4 39.4 Accumulated Losses
17 .8 Net Profit for the Period 0.0 16.3 54 .0 29.6 16.6 Total Equities 32.4 48.7 142 198.5 215.1 Total Liabilities and Equities 81.3 104.7 278.6 328 345.3
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Presentation for Investors June 2013
Short Term Liabilities , Million TL 2012 2013/6 Short Term Borrowings 4 .8 12.2 Short Term Portions of Long Term Borrowings 16.6
Other Financial Liabilities 25.9 11.8 Trade Payables 53.9 63.2 Trade payables to related parties 0.06 0.02
53.8 63.1 Payables within the Scope of Employee Benefits 1.8 3.8 Deferred Incomes 6 3.6 Tax Liability for Profit for the Period 7 .8 7 .5 Short Term Provisions 4 .8 5.4 Short term Provisions related to employee benefits 0.4 0.5
4 .4 4 .9 Other Short Term Liabilities 3.1
Total Short Term Liabilities 124.9 121.9 Long Term Liabilities, Million TL 2012 2013/6 Long Term Borrowings 1.8 0.3 Long Term Provisions 1.6 1.8
1.6 1.8 Deferred Tax Liability 1.3 0.5 Total Long Term Liabilities 4.7 2.6 Equities, Million TL 2012 2013/6 Paid-In Capital 115 115 Share Premiums 26.2 13.1 Tangible Fixed Assets Evaluation Fund 39.4 39.4 Actuarial Loss/Gain Fund From Retirement Plans 0.3 0.5 Reserves on Retained Earnings 0.08 3.9 Accumulated Losses (12.1)
29.5 30.1 Total Equities 198.5 202 Total Liabilities and Equities 328 326.5
* It is stated because of the changes made in Income Table Items by Audit Company due to the amendments made in Communique.
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Presentation for Investors June 2013
Real Operating Incomes, Million TL 2009 2010 2011 2012 2012/3 2013/3 2012/6 2013/6 Sales Revenues 59.0 181.1 411.4 291.6 86.1 90.2 148.3 207 .1 Cost of Sales (-)
6
4 -320. 8
71.1 120 160.2 Gross Profit 9.4 34.7 90.6 53.6 17.7 19.1 28.3 46.9 Research and Development Expenses
Marketing and Sales Expenses
General Administrative Expenses -2. 4 -2. 6 - 4 . 1
Other Operating Incomes 0.8 1.9 2.3 2
1.8 7 Other Operating Expenses
Operating Profit 2.7 24.2 68.8 36 11.4 17.8 18.3 32.1 Financial Revenues 3.3 2.6 9.4 36.3 3.6 6.6 6.8 19 Financial Expenses
6.2. -11. 8 34 . 7
Profit Before Tax 0.3 20.6 66.4 37.6 12.6 20.1 17.8 37.2 Tax Expense for the Period
8
Deferred Tax Income / Expense
4 0.8 0.1 0.1 0.1 1.3 0.8 Net Profit for the Period 0.0 16.3 54.0 29.6 10.1 16.4 14.2 30.1 Financial Fixed Assets Growth Fund *[Actuarial Gain/ Loss Within the Scope of Employee Benefits]
0.2 Tax Effect
0.2
Total Comprehensive Income 0.0 16.3 93.3 29.6 10.6 16.6 14.5 30.2
When compared to first half of previous year sales escalated from TL 148.273.106to TL 207.156.933 andthe rate of increase is 39.71%. When compared to first half of previous year,its operating profit increased from TL 18.314.212 to’ TL 32,147,302 andthe rate of increase is 75.53%. When compared to first half of the previous year net profit for the period increased from TL 14.251.978 to TL 30,061,703 and the rate of increase is 110.93% .
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Presentation for Investors June 2013
Dividend Policy
26.749.000 from the profit of 2012 was distributed in cash on 31.05. 2013.
Protocol Made Regarding Receivables from Related Parties
partnerships TL 15.764.808,44 of the receivables amounting 82,4 million TL as of 30.09.2012 was paid to our Company on 20. 12. 2012 and TL 77,095,546.76 was paid on 05.06.2013 with the interest specified in the protocol.
Bonus Share Distribution
investors who invested in TMSN shares from Public Offering and kept them in their accounts for 90days. A total of 266.641,738 TMSN shares were transferred to investors
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Presentation for Investors June 2013
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Presentation for Investors June 2013 Incentive Who Will Benefit From Application Details *Bonus (Additional) Share Investors Who Invested in Shares from Public Offering In case investors keep all or some company shares they purchased from public offering in their accounts for 90 days as of the date they are traded at İMKB, they will be entitled to receive 4% bonus (additional) Group B bearer shares of Tümosan to be calculated on the basis of the lowest Company share in their account at the end of any day within this period
*Bonus (additional) Group B bearer shares of Tümosan at the rate of 4% are transferred to investors who purchased TMSN shares from Public Offering and kept them in their accounts for 90 days. In total, 266,641.738 TMSN shares are transferred to investors. *Daily Purchase Order Commitment All investors Daily purchase orders for 2 million shares at the public offering price for 10 business days including the date when the shares begin to be traded will be entered into the system in the
shares at public offering price will be entered to the system. *Within the first 10 days a total of 15.625.648 TMSN shares are purchased back by our controlling shareholder, Ereğli Tekstil within the scope of Daily Purchase Order. Financial Performance Warranty for 2013 All investors Controlling partner of the Company, Ereğli Tekstil will distribute bonus shares to compensate the deviation if the average of FAVÖK and Net Profit for 2013 will be less than TL 72.5 million. Bonusshares will be distributed among all shares traded at the exchange following the announcement of financial statements for 2013. Amount of the additional shares to be distributed will be limited with 50 percent . Condition of being participated in Public Offering will not be sought in distribution.
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Presentation for Investors June 2013
Partner Public Offering Proposal Current Capital (TL) Share of Capital (%) Capital (TL) Share of Capital (%) Eregli Tekstil Turizm San. and
82.090.905 78.18% 71.000.000,00 (Non-public) 61.74% 15.359.006,26 (Public) 13.35% Muzaffer ALBAYRAK 6.586.381 6.27% 2.000.000,00 1.74% Bayram ALBAYRAK 3.264.543 3.11% 2.000.000,00 1.74% Nuri ALBAYRAK 3.264.543 3.11% 2.000.000,00 1.74% Kazım ALBAYRAK 3.264.543 3.11% 2.000.000,00 1.74% Mustafa ALBAYRAK 3.264.543 3.11% 2.000.000,00 1.74% Ahmet ALBAYRAK 3.264.543 3.11% 2.000.000,00 1.74% Hedef Girişim Sermayesi Yatırım Ortaklığı A.Ş. 2.000.000,00 1.74% Other 14.640.993,74 12.73% TOTAL 105.000.000 100,00% 115.000.000 100,00%
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Presentation for Investors June 2013
TÜMOSAN Engine and Tractor Industry Inc. Head Office ⇥:⇥ Dünya Ticaret Merkezi A3 Blok Kat:8 34149 Yeşilköy / İstanbul Phone⇥:⇥+90(212)468 19 00 Fax⇥:⇥+90(212)465 25 86 Factory⇥:⇥Büyükkayacık Mah. Aksaray Çevre Yolu Cad. No: 7/1 Selçuklu/Konya Phone⇥:⇥+90 (332) 239 05 40 Fax⇥:⇥+90 (332) 239 11 88 E-Mail⇥:⇥info@tumosan.com.tr Web⇥:⇥www.tumosan.com.tr