Anadolu Efes Biracilik ve Malt Sanayi AS (IST:AEFES)
₺ 15.59 -0.070 (-0.45%) Market Cap: 92.31 Bil Enterprise Value: 252.23 Bil PE Ratio: 8.56 PB Ratio: 1.05 GF Score: 81/100
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Q1 2025 Anadolu Efes Biracilik ve Malt Sanayii AS Earnings Call Transcript

May 8, 2025 / 01:00 PM GMT
Release Date Price: ₺14.85 (-1.26%)

Key Points

Positve
  • Anadolu Efes Biracilik ve Malt Sanayi AS (IST:AEFES) reported a solid volume growth of 12% on a consolidated basis, driven by strong momentum in soft drink operations.
  • The company has set a new vision to become the fastest growing beverage company with beloved brands, focusing on consumer satisfaction and community enrichment.
  • Anadolu Efes is actively pursuing geographical expansion, reaching consumers in around 70 countries, and exploring local production partnerships in strategic markets.
  • The company is diversifying its revenue streams by entering new business areas, such as the distilled spirits category in Turkey through a partnership with William Grant and Sons.
  • Anadolu Efes is committed to sustainability, with half of its raw materials sourced from agriculture, and has concrete investment and action plans in place to support this initiative.
Negative
  • The company's beer group volumes declined slightly by 0.7%, attributed to a high base from the previous year and economic challenges.
  • Anadolu Efes faced a negative free cash flow due to seasonal working capital buildup and ongoing greenfield projects in soft drink operations.
  • The company's net debt to EBITDA ratio stands at 2 times, indicating a relatively high level of leverage.
  • The exclusion of Russian operations from consolidation has impacted the financial statements, with these operations now classified as financial investments.
  • Anadolu Efes experienced a decline in beer group sales revenue by 9.6% on a pro forma basis, primarily due to currency depreciation and increased discounts in Turkey.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AEFES.IS - Anadolu Efes Biracilik ve Malt Sanayii AS
Q1 2025 Anadolu Efes Biracilik ve Malt Sanayii AS Earnings Call
May 08, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, welcome to Adole's first quarter 2025 financial results conference call and webcast. I'm Aus Dea, and I'm the investor relations and risk management director of Adole.

Our presenters today are CEO Mr. Raluk and our CFO Mr. Ga Ashmay.

The first part of this call will be in listen-only mode. Afterwards, we will open the floor for a Q&A session. You may submit your questions at any time using the question box on your screen. However, we kindly encourage you to do so before the Q&A session begins to ensure we have adequate time to review and address them.

Unless explicitly stated otherwise, all financial information disclosed in this
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