Dogan Sirketler Grubu Holding A.s. · BIST:DOHOL
Dogan Sirketler Grubu Holding A.s — Investor Day (December 2024)
26 slides from Dogan Sirketler Grubu Holding A.s's investor day presentation, December 2024
Slide 1: Investor Day Presentation
INVESTOR DAY PRESENTATION Doğan Holding - December 2024 1
Slide 2: Doğan Holding Snapshot
Doğan Holding Snapshot Electricity Industry & Finance & Internet & Real Estate Mining Automotive Production Trade Investment Entertainment Investment Prominent wind and Türkiye’s leading solar energy electronics company Digital Insurance Prominent marina of producer Türkiye’s leading lead MG ve Suzu
Slide 3: Doğan Holding in 2024
Doğan Holding in 2024 Current Challenges Positive Developments Strategic Developments Exchange rate lagging behind inflation Balanced portfolio structure Continuation of portfolio optimization Cost pressures (Industry & Automotive) High financial income Acquisition of Gümüştaş and Doku Mining Demand
Slide 4: Net Aktif Değer
Net Aktif Değer Electricity Finance & Internet & Real Estate Production Industry & Trade Automotive Investment Entertainment Investment Mining Value (mn USD) 285 198 38 377 184 263 137 NAV Share 13% 9% 2% 17% 8% 12% %6 Listed Unlisted Land & Real Net NAV Companies Share Companies Share Estate Portfo
Slide 5: 2024 Objectives and Achievements
2024 Objectives and Achievements Net Asset Value: 2.2 billion USD 2.2 billion USD Reduction of Discount : ~45% ~52% Strategic segment NAV Share: ~60% ~47% Entry into >1 new sector Entry into the Mining Sector Simpler Portfolio Structure Sale of DOBUR and DMC 5
Slide 6: Strategy & Targets
KNOWS AND CREATES VALUE Strategy & Targets 6
Slide 7: Value-Creating Steps
ST R AT EGI C AC T I O N S: VALUE-CREATING STEPS 1 Billion $ In line with our vision to achieve a $1 billion valuation for each of our Group Companies; Renewable Energy: Digital Insurance: Automotive: 1,086 MW capacity target 430 million $ Production facility for 2026 and beyond. portfolio size; ini
Slide 8: Strategic Segments
Strategic Segments Active Portfolio Management – Higher NAV – Regular Dividend Payments Renewable Energy Electronic/ Automotive Mining Digital Financial Technology Services GWIND capacity commitment Value-added, high-tech Vertical integration with Growth through capacity Data-driven financial for 20
Slide 9: Highlighted Strategic Actions
Highlighted Strategic Actions 2020 2021 2022 2023 2024 Karel Elektronik Gümüştaş Madencilk Sesa Ambalaj Profil Grubu 843 mn TRY, 40% share 123 mn USD, 75% share Acquisition 57.8 mn EUR, 70% share Zingat 2,9 mn EUR, 70% share Maksipak Doku Madencilik 7.9 mn TRY, 70% share 13.5 mn USD, 75% share Doğan
Slide 10: 2025 Guidance
Revenue Growth CPU + ~%5-10 2025 Guidance • Growth in the electricity generation segment through increased capacity • Strong and profitable growth in Hepiyi Sigorta • Profit-focused sales strategy in the automotive segment • Cost-focused growth strategy in the industry and trade segment • Investment
Slide 11: Road Map
Road Map Simpler portfolio structure Sustainable NAV Growth Higher share of listed companies in NAV Lower NAV Discount NAV NAV NAV 2.2 BN 3.1 BN 4.0 BN USD USD USD 2024 2025 2027 Entry into at least 1 sector Entry into at least 1 sector 1-2 IPO Strategic segment NAV share: ~60% Strategic segment NAV
Slide 12: Segments
KNOWS AND CREATES VALUE Segments 12
Slide 13: Electricity Production Galata Wind
Electricity Production Çorum SPP (Unlicensed) Galata Wind Şah WPP (Balıkesir) Taşpınar WPP (Bursa) Operational since March 2021 Hybrid Solar added Dec. 2023 Erzurum SPP Best generation in its distribution zone (Unlicensed) Among the biggest WPPs in Türkiye Mersin WPP Among the best WPP in Türkiye in
Slide 14: Galata Wind Ongoing Investments
Galata Wind Ongoing Investments TTotal Installed Capacity (Present) 2024 2025 2026 & Beyond Mersin WPP 62.7 MW Taşpınar WPP Capacity Ext. 11.8 MW Mersin WPP Capacity Ext. 37.2 MW Şah WPP Capacity Ext. 6.8 MW Şah WPP 105 MW Taşpınar WPP 79 MW PPs with Storage 360 MW Taşpınar Hybrid 17 MW Taşpınar Hyb
Slide 15: Mining Gümüştaş ve Doku
Mining Gümüştaş ve Doku Türkiye Mining Exports1 (USD mn) Gümüştaş is one of Türkiye’s leading lead and zinc producers 21% and a key player in exports. Marble $1.087M Doğan Holding aims to increase capacity by focusing on Copper $487M Türkiye's lead, zinc, copper, and pyrite markets. 40% Zinc $351M D
Slide 16: Industry & Trade Karel
Industry & Trade Karel Operational Fields 9M24 Product Revenue 2024 Developments Breakdown Karel is a technology company managing all • Capacity expansion and modernization R&D processes from design to production. 11% investments 23% • Value-added products in Daiichi We operate in Communication Syst
Slide 17: Industry & Trade Sesa Ambalaj
Industry & Trade Sesa Ambalaj 2024 Developments Sesa Ambalaj Slower growth due to inventory reduction trends in the supply chain Continued innovative products and investments Lower profitability due to rising production costs and limited FX gains Export-driven growth Sesa Revenue Breakdown by Region
Slide 18: Doğan Trend Automotive
Sales Volumes (Thousand units) Doğan Trend Automotive 14,271 12,716 12,579 2024 Developments • 9M24 revenue up 25% vs. 9M23, driven by MG sales 8,144 growth 4,693 • Operational profitability weakened by competition and 3,921 regulations • Net loss due to high financing costs • Ongoing discussions wi
Slide 19: Finance & Investment Hepiyi Sigorta
Finance & Investment Hepiyi Sigorta 2024 Developments Türkiye's first end-to-end digital insurer Unique business model and advanced digital processes Casco Market Share (%) Asset Under Management (Mn USD) 2.8% 430 1.4% 173 Dec.23 Q324 2024 Q324 19 Source: TSB
Slide 20: Internet & Entertainment, Real Estate Investments
İnternet & Entertainment 2024 Developments Kanal D Romania • Romania’s 2nd most-watched channel • Regular dividend payments Valuation (TRY mn) Real Estate Investments Company Location 2023 30.09.2024 2024 Developments D Yapı Romania Bucharest, Romania 611 716 High occupancy Doğan Holding Gümüşsuyu,
Slide 21: ESG
KNOWS AND CREATES VALUE ESG 21
Slide 22: Sustainability
Sustainability Responsible Investment Holding Approach and 2030 Vision Achieve leadership level (AA) in ESG ratings (MSCI etc.) until 2025 HOLDING TARGETS : Increase ESG-based fund investments to 10% until 2025 Investment Investment into Investment VALUE FIELDS : into Planet Inclusive Society into F
Slide 23: Sustainability Management
Sustainability Management Board of Directors Doğan Holding's sustainability initiatives are managed at the Board of Directors level. The Sustainability Committee defines and implements the Holding's ESG and sustainability strategy on behalf of the Board of Sustainability Committee Directors.Sustaina
Slide 24: Appendix / Financial Tables
Net Cash / (Debt) Breakdown Appendix / Financial Tables Million TRY Electricity Generation 31.Dec.23 -842 30.Sep.24 -725 ∆ -14% Industry & Trade -6.272 -6.582 5% KAREL -4.074 -4.245 4% DITAS -632 -724 15% P&L Dogan Dış Ticaret -524 -951 81% Million TRY 9M23 9M24 ∆ Sesa Yatırım -1.038 -701 -33% Other
Slide 25: Thank You
THANK YOU E-mail Phone Address ir@doganholding.com.tr +90 (216) 556 90 00 Burhaniye Mahallesi Kısıklı Caddesi No: 65 34676 Üsküdar/İstanbul 25
Slide 26: Disclaimer
Disclaimer The information contained in this presentation has been obtained from sources deemed reliable by Doğan Şirketler Grubu Holding A.Ş. (“Doğan Holding”) and is provided solely for informational purposes. However, Doğan Holding makes no representations or warranties regarding the accuracy, co
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