D-Market Elektronik Hizmetler ve Ticaret A.S. Q1 2022 Earnings Conference Call June 1, 2022 9:00 AM ET

Company Participants

Helin Celikbilek - Investor Relations Director

Mehmet Murat Emirdağ - Chief Executive Officer

Halil Korhan Öz - Chief Financial Officer

Conference Call Participants

Hanzade Kilickiran - JPMorgan

Cem Ünal - Goldman Sachs

Operator

Ladies and gentlemen, thank you for standing by. I am [Poppy] [ph], your Chorus Call Operator. Welcome and thank you for joining the Hepsiburada Conference Call and live webcast to present and discuss the First Quarter 2022 Financial Results. All participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by a question-and-answer session. [Operator Instructions]

At this time, I would like to turn the conference over to Ms. Helin Celikbilek, Investor Relations Director. Ms. Celikbilek, you may now proceed.

Helin Celikbilek

Thanks [Poppy] [ph]. Thank you for joining us today for Hepsiburada's first quarter 2022 earnings call. I'm pleased to be joined on the call today by our CEO, Murat Emirdağ, and our CFO, Korhan Öz.

The following discussion, including responses to your questions reflect management's views as of today's date only. We do not undertake any obligation to update or revise this information except as required by law. Certain statements made on today's call are forward-looking statements.

Actual results may differ materially from these forward-looking statements. Please refer to today's earnings release, as well as the risk factors described in the Safe Harbor slide of today's presentation, today's press release, the 6-K, our Form 20-F filed with the SEC on May 2, 2021, and other SEC filings for information about factors which could cause our results to differ materially from these forward-looking statements.

Also, we will reference certain non-IFRS measures during today's call. Please refer to the appendix of our supplemental slide deck, as well as today's earnings release for a presentation of the most directly comparable IFRS measures, as well as the relevant IFRS to non-IFRS reconciliations.

As a reminder, a replay of this call will be available on the Investor Relations page of Hepsiburada's website.

With that, I will hand it over to our CEO, Murat.

Mehmet Murat Emirdağ

Thank you, Helin. Welcome, everyone and thank you for joining us today. Before diving into the first quarter dynamics and our actions in more detail, let me quickly replace our memory on the operating environment in Q1 2022. Challenging macroeconomic continues to shape the operating environment, including the rising inflation in Turkey and global markets, continued devaluation of Turkish Lira, ongoing challenges on the global supply chain, and headwinds from the tragic war in Ukraine.