Global Yatirim Holding A.s. · BIST:GLYHO
Global Yatirim Holding A.s — Global Investment Holdings — Q3 2015 Earnings Presentation
23 slides from Global Yatirim Holding A.s's earnings presentation, 2015
Slide 1: Global Investment Holdings Financial Presentation Q3 2015
GLOBAL INVESTMENT HOLDINGS Financial Presentation Q3 2015
Slide 2: Current Portfolio – 9M 2015
Current Portfolio – 9M 2015 Global Investment Holdings Brokerage & Asset Ports Energy Real Estate Management Revenue: 216.7mnTL Revenue: 163.8mnTL Revenue: 8.7mnTL Revenue: 24.8mnTL EBITDA: 123.6mnTL EBITDA: 22.1mnTL EBITDA: 1.7mnTL EBITDA: -5.2mnTL Net Debt: 831.4mnTL Avg. Maturity: 5.6 yrs Net Deb
Slide 3: I – Financial Review
G GLOBAL INVESTMENT HOLDINGS |— FINANCIAL REVIEW
Slide 4: Financial Highlights
Financial Highlights (TL mn) Net revenues H1 2015 Q3 2015 H1 2014 Q3 2014 9M 2015 9M 2014 %change Energy 93.4 70.4 58.0 39.9 163.8 97.9 67% Ports 120.6 96.1 85.3 52.5 216.7 137.8 57% Brokerage & Asset Management 13.7 11.2 9.9 4.5 24.8 14.4 73% Real Estate 6.3 2.4 4.2 1.7 8.7 5.9 47% Holding stand-al
Slide 5: Major Developments
Major Developments Capital Decrease HOLDING Previously holding 14.69% of the total issued shares of the Company itself, GIH cancelled part of its issued shares corresponding to 5.24% of the issued share capital through a capital reduction process to comply with the 10% limit promulgated by the Tur
Slide 6: Financial Highlights: Change in Revenue & EBITDA
Financial Highlights: Change in Revenue & EBITDA Revenue (9M 2014 vs. 9M 2015) 450 10,9 2,8 400 65.9 350 300 78.9 250 200 415.8 150 257.3 100 50 0 9M 2014 Ports Energy Real Estate Brokerage, Asset 9M 2015 Mngmnt.&Others EBITDA (9M 2014 vs. 9M 2015) Δ Operating EBITDA: TL68.1mn 210 7,8 -0,8 1,1 190 1
Slide 7: Financial Highlights: Revenue
Financial Highlights: Revenue During the first nine months months of 2015, Global Investment Holdings’ (GIH) revenues reached TL415.8mn compared to TL257.3mn for the same period last year, representing an increase of 62%. This increase is due to improved operating performance of all business divis
Slide 8: Financial Highlights: EBITDA
Financial Highlights: EBITDA In the first nine months of 2015, GIH reported consolidated EBITDA of TL143.0mn. 2014 EBITDA included TL51.9mn gain from Creuers acquisition. Adjusting for non-recurring gains and losses, operational EBITDA for 2015 were TL137.3mn, up 98% from TL69.3mn in 2014. The P
Slide 9: Financial Highlights: Change in P&L
Financial Highlights: Change in P&L GIH reported a consolidated net loss of TL61.1mn in 9M 2015, compared to TL0.3mn profit in the same period of 2014. 2014 figure included TL51.9mn goodwill gain from Creuers acquisition. Despite a strong EBITDA growth in operations, the main reasons behind the de
Slide 10: II – Operational Performance by Division
II – OPERATIONAL PERFORMANCE BY DIVISION 10
Slide 11: Global Ports Holding
Global Ports Holding GPH Total Revenues* Group’s total number of passengers reached 2,6mn in 9M 2015 compared Cruise EBITDA Margin* & & to 2.4mn, representing 8% increase; while number of calls increased by Comercial EBITDA Margin* EBITDA* 21%, reaching 1,264 in 9M 2015 compared to 9M 2014. In lin
Slide 12: Consus Energy: Naturelgaz
Consus Energy: Naturelgaz Naturelgaz Revenue & Volume 160 The Group’s Energy Division revenues in the first nine months of 65% 140 2015 comprised sales from CNG (Naturelgaz), mining (Straton) and 138.3 power generation (Tres), and amounted to TL163.8mn. 120 62% 100 Naturelgaz recorded revenues o
Slide 13: Consus Energy: Straton Mining
Consus Energy: Straton Mining Straton realized 297,676 tons of product sales and recorded revenues of TL22.6mn within the first nine months of 2015. The Company exported 251,825 tons feldspar mainly to Spain, Italy, Egypt and Middle East while domestic sales volume reached 45,851 tons. Straton has a
Slide 14: Energy Division: Co-Gen and Biomass
Energy Division: Co-Gen and Biomass As of the end of Q3 2015, the total contracted generation capacity of Tres Energy is 45MW. Out of total the contracted capacity, 16.7 MW facility continues power generation. The remaining facilities with 22.3 MW capacity targets to commence generation between Q4
Slide 15: Energy Division: Solar Power
Energy Division: Solar Power Consus Energy’s goal is to become a market pioneer in solar power development in Turkey. To reach this goal, Consus Energy’s subsidiary, Ra Solar, has identified several suitable project locations for solar power generation in Turkey and conducted the mandatory studies
Slide 16: Real Estate Division
Real Estate Division In the first three quarters of 2015, revenues of the Real Estate Division were comprised of rent revenues and residential sale revenues. Rental revenues were generated from the Denizli Sumerpark Shopping Mall, which started operations in March 2011. The first phase of Sümerp
Slide 17: Other Real Estate Projects
Other Real Estate Projects The construction of Van AVM of 26,000m2 GLA started in July 2014 and is completed as of the date of reporting. Opening is scheduled for November 2015. The project will, with its high concept design and location, become a new landmark in the city. GIH owns a school buil
Slide 18: Brokerage & Asset Management Segment
Brokerage & Asset Management Segment Revenues of the Brokerage and Asset Management Division consists of securities brokerage commissions, interest revenues on margin lending transactions, portfolio management fees, proprietary trading revenues and advisory fees. The Brokerage & Asset Management
Slide 19: III – Appendix
lili - APPENDIX Q GLOBAL INVESTMENT HOLDINGS 19
Slide 20: Balance Sheet
Balance Sheet (TL mn) 30 Sept 2015 31 Dec 2014 ASSETS Current Assets 588,8 493,2 Cash and Banks 183,1 185,3 Marketable Securities 8,2 3,9 Trade Receivables 191,0 143,2 Inventories 50,0 45,8 Other Receivables and Current Assets (1) 156,4 115,0 Non-current Assets 2.546,6 2.105,9 Financial Assets 6,7 6
Slide 21: Income Statement
Income Statement (TL mn) 9M 2015 9M 2014 Total gross revenues 415,8 257,3 Cost of sales and services -277,7 -173,1 Gross Profit 138,0 84,1 Operating expenses -108,3 -88,3 Other operating income/(loss), net 3,6 17,1 Equity pickup asset gains/(losses) 1,2 41,0 Gross operating profit/(loss) 34,6 54,0 F
Slide 22: Debt Position
Debt Position Year of Holding standalone debt (TL m) Currency Interest Rate Maturity Amount TL mn Eurobond, gross USD fixed 2017 122,0 TL bond TL floating 2016 75,0 TL bond TL floating 2016 85,0 TL bond TL floating 2017 110,0 Secured bank loans USD floating 2016 (1) 35,4 Secured bank loans EUR float
Slide 23: Disclaimer
Disclaimer The information contained in this document has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this docum
Global Investment Holdings — Q3 2015 Earnings Presentation on 6ix