Investor Presentaiton
Strong Track Record of Retailization in Turkey...
# of Retail Stores Evolution in Turkey
Turkey Retail Sales Evolution (TRYM)
Net
New
Stores
26
13
14
27%
(26%)
1,829
1,471
1,356
1,133
314
320
300
287
2017
2018
2019
2020
Gross Selling Space Evolution in Turkey (Sqm k)
Avg.
Sqm/
Retail
Store
447m²
22
117
57
484m²
139
10%
10
498m²
5
る
149
25
500m²
2017
2018
2019
2020
Significant LFL Upside Potential of Existing Stores¹
Further Potential Upside
Potential Revenue Catch-Up From
younger LFL Stores and New Stores
16,294
TRY/sqm
12,704
TRY/sqm
13,668
TRY/sqm
156
Sales/
Sqm
7,702
TRY/sqm
9,576
TRY/sqm
Age of
Stores
1-3 years
3-5 years
5-7 years
7-9 years
10+ years
2016
2017
2018
2019
Expansion of existing stores
New store openings
CAGR
mavi
1 Based on 2019 LfL figures as 2020 data is disrupted by Covid19 Pandemic
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