Slide 1: Koç Holding 1Q18 Earnings Presentation
Koç Holding 1Q18 Earnings Presentation 10 May 2018
Slide 2: Focus on Sustainability and Resilience
Focus on Sustainability and Resilience Dividends in and out managed effectively to benefit from growth opportunities Koç Holding Dividend Income (TL mn) Koç Holding Net Cash Position ($ mn) 1,020 218 2 2,484 ~345 3 525 574 1,228 1,291 ~455 2016 2017 1Q18 1 YE16 YE17 1Q18 KH Dividend YKB Capital Adj.
Slide 3: Prudent Risk Management Principles
Prudent Risk Management Principles Strong US$ 2.0 bn1 gross cash → 79% in US$, 21% in TL US$ 1.5 bn total debt → 2 Eurobonds (Mar’16: US$ 750 mn, 7yrs, 5.25% coupon; Apr’13: US$ 750, 7 yrs, 3.5% coupon) Cash Position (Solo) US$ +455 mn1 adj. net cash Solid Liquidity 1.3x current ratio on a combined
Slide 4: Energy
Energy Sales Volume, Domestic Market (mn tons) Aygaz (mn tons) +13% Sales Volume Ranking: #1 Energy Segment 527 -7% 489 Share in Share in Combined Consolidated 274 Operating Profit 1 Net Income 236 8 12 +25% +8% +14% 166 166 14% 27% 79 74 Diesel Jet Fuel Gasoline LPG 1Q17 1Q18 Feb'17 3.1 0.5 0.3 0.6
Slide 5: Automotive
Automotive Sales Units, Domestic Market (‘000) Export Units, Turkey (‘000) Koç Koç Share 13% 13% 54% 54% 32% 31% 24% 22% Share 43% 44% Automotive Segment -3% +2% Share in Share in 355 344 +5% Combined Consolidated Operating Profit 1 Net Income -10% +30% 25% 38% Passenger Light Heavy 1Q17 1Q18 TOTAL
Slide 6: Consumer Durables
Consumer Durables Sales Units, Market (mn) Export Units, Turkey (mn) -1% Consumer Durables Segment Share in Share in +11% Combined Consolidated +7% Operating Profit 1 Net Income 4.9 -19% 4.4 +7% 10% 6% Western Eastern Turkey S. Africa Europe Europe 1Q17 2.1 12.7 2.7 0.3 1Q17 1Q18 1Q18 1.7 12.6 2.9 0
Slide 7: Finance
Finance YKB Profitability YKB Operational Performance Net Income (TL mn) ROATE Cost/Income CoR Finance Segment Revenues +15% Costs +6% Share in Share in (vs. 10% CPI) 24% 126 bps Combined Consolidated 1,244 17.1% 39% 1,001 15.8% Operating Profit Net Income 36% 1.07% 0.91% 40% 40% 1Q17 1Q18 1Q17 1Q18
Slide 8: Group's Overall Financial Performance
Group’s Overall Financial Performance Consumer TL mn, 1Q18 Energy Automotive Finance Other Total Durables Combined Revenues 1 25,753 14,501 6,174 8,405 2,645 57,478 y/y 19% 19% 21% 23% 11% 19% Combined Operating Profit2 1,099 1,014 395 1,619 -51 4,077 y/y -34% 20% 9% 38% 160% 1% Combined Profit Befo
Slide 9: Consolidated Net Income
Consolidated Net Income 1 1 Consolidated Net Income (TL mn) Normalized Normalized +24% -8% y/y -60% +66% -27% +33% -13% +1% 1,125 1,141 115 171 -3 - 27 - 239 1Q17 Energy Auto Cons. Durables Finance Other 1Q18 1Q17 1Q18 Other Other Energy 2% 2% 14% Finance 31% Energy Finance 35% Auto 40% 38% Cons. Du
Slide 10: Wrap-Up
Wrap-Up Sustainable performance and solid net cash position Investments ongoing to ensure sustainability and growth Risk management principles and balance sheet strength ensuring resilience against volatility www.koc.com.tr 10
Slide 11: Disclaimer
Disclaimer This presentation does contain forward-looking statements that reflect the Company management’s current views with respect to certain future events based on the base-case assumptions. Although it is believed that the expectations reflected in these statements are reasonable, they may be a
Slide 12: ANNEX
ANNEX www.koc.com.tr | 12
Slide 13: Consolidated Main Financial Indicators
Consolidated Main Financial Indicators 2018 TL mn 1Q17 1Q18 Y/Y € mn $ mn Revenues 22,274 24,588 10% 5,253 6,452 Gross Profit 3,924 3,506 -11% 749 920 Operating Profit 2,605 2,132 -18% 456 560 Profit Before Tax 2,055 1,622 -21% 346 426 Taxes (net) -208 -85 -59% -18 -22 Net Income Before Non-controll
Slide 14: Combined Net Income – Consolidated Net Income
Combined Net Income – Consolidated Net Income Combined Net Income (TL mn) 1 y/y -58% +48% -26% +33% +104% 0% Normalized -5% 1 Normalized +26% 2,914 2,900 1,275 1,052 951 956 644 441 233 173 29 60 Energy Auto Cons. Durables Finance Other Total Consolidated Net Income (TL mn) 1 y/y -60% +66% -27% +33%
Slide 15: Unlisted Companies
Unlisted Companies 2017 Koç Hol di ng Revenues Opera ting Profi t1 EBITDA Book Va l ue (SHE) TL mn Di rect Sha re 2016 2017 2016 2017 2016 2017 2016 2017 Arçel i k LG Kl i ma 5.00% 519 793 34 21 43 31 254 259 Bi l kom 69.94% 1,382 1,728 39 50 39 51 64 83 Düzey 31.15% 1,595 1,688 19 17 20 18 71 69 En
Slide 16: Shareholding Structures
Shareholding Structures Koç Holding Koç Family: 64.3%1 Free Float: 26.5% Vehbi Koç Foundation: 7.3% Koç Pension Fund: 2% Consumer Energy Automotive Finance Other Durables Tüpraş Ford Otosan Arçelik Tat Gıda SPV: 51% KH: 38% Koç Financial Services KH: 41% KH: 44% Free float: 49% Ford: 41% KH: 42% Oth
Slide 17: For Further Questions, Please Contact
For Further Questions, Please Contact : investorrelations@koc.com.tr www.koc.com.tr IR Application Gülsevin Tuncay, Coordinator Investor Relations gulsevint@koc.com.tr +90 216 531 0428 Gizem Poyraz, Manager Investor Relations gizemb@koc.com.tr +90 216 531 0533 Neslihan Aycıl, Manager Investor Relati