Earnings Presentation Q3 2022 slide image

Earnings Presentation Q3 2022

Income Statement (Million TL) Q2 Q2 H1 H1 Million TL % % 2022 2021 2022 2021 • Net Sales COGS Gross Profit 17,737 135,785 33,688 303% -118,048 -30,724 284% 498% 212,326 53,509 297% -189,285 -49,018 286% 2,964 23,041 4,491 413% Operating Expenses -2,047 -691 196% -3,097 -1,248 148% • Income/Loss from other operations -3,531 -325 986% -5,029 -1,910 163% Operating Profit 12,159 1,948 524% 14,915 1,334 1018% Inc./Loss from Equity pick ups 126 50 149% 335 60 457% Operating Profit Before Fin. Income/Loss 12,285 1,999 515% 15,251 1,394 994% . Financial Income/Expense -1,332 -702 90% -3,236 -1,058 206% Profit Before Tax 10,953 Details of Income Statement Y-o-y increase in Opex is mainly driven by logistics expenses increasing to 1 bn TL due to higher sales and TL depreciation in Q2'22. Loss from other operations are mainly due to FX losses from trade payables, offset by reciprocal inventory gains in gross profit. Opet's contribution is recorded under income from equity- pickup. 1,297 745% 12,015 337 3469% • Net Profit (excluding minority interest) 10,611 1,700 524% 11,507 939 1125% Financial Income and Expenses EBITDA *(mn. TL) 16,066 2,512 540% 20,733 3,681 463% Inventory Gain/Loss (mn. TL) 2,931 1,407 108% 7,034 2,919 141% EBITDA* (mn. TL) CCS 13,134 1,105 1089% 13,700 763 1696% consist of hard currency balance sheet items' FX gains/losses and related FX derivative gains/losses, balance of which are offset by reciprocal inventory gains. Oct-22 Financials Investor Presentation *On CMB reports. EBIT includes extra items such as FX impacts of trade receivables and payables. In our EBITDA calculation. FX related items are excluded from EBIT in line with international practices. www.tupras.com.tr 28
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