Global Yatirim Holding A.s. · BIST:GLYHO
Global Yatirim Holding A.s — Global Investment Holdings — Q2 2017 Earnings Presentation
22 slides from Global Yatirim Holding A.s's earnings presentation, 2017
Slide 1: Global Investment Holdings Financial Presentation Q2 2017
GLOBAL INVESTMENT HOLDINGS Financial Presentation Q2 2017
Slide 2: Current Portfolio (Q2 2017)
Current Portfolio (Q2 2017) Brokerage & Asset Ports Power/Gas/Mining Real Estate Management Revenue: 180.9mnTL Revenue: 14.5mnTL EBITDA: 117.1mnTL Revenue: 138.0mnTL EBITDA: 10.0mnTL Revenue: 18.3mnTL Net Debt: 227.6mnUSD Avg. Maturity: 7.1 yrs EBITDA: 4.6mnTL Net Debt: 39.2USD EBITDA: 0.1mnTL # of
Slide 3: I – Financial Review
G GLOBAL INVESTMENT HOLDINGS |— FINANCIAL REVIEW
Slide 4: Financial Highlights
Financial Highlights (TL mn) Net revenues Q1 2017 Q2 2017 Q1 2016 Q2 2016 H1 2017 H1 2016 %change Power/Gas/Mining 62.9 75.1 39.6 58.7 138.0 98.3 40% Ports 67.3 113.6 54.6 99.4 180.9 153.9 18% Brokerage&Asset Management 8.8 9.5 8.7 7.8 18.3 16.5 11% Real Estate 7.4 7.1 5.8 5.9 14.5 11.7 24% Holding
Slide 5: Major Developments
Major Developments Partnership with F.A.B. Partners - It was announced on March 14, 2017 and June 8, 2017 that the Board of Directors of Global Investment Holdings had resolved and declared the issuance of 100,000,000 new shares at TL2.45 per share to be subscribed by F.A.B. Partners LP (“FAB”); a
Slide 6: Financial Highlights: Change in Revenue
Financial Highlights: Change in Revenue Revenue (H1 2016 vs. H1 2017) 400.0 2,8 1.8 350.0 27.0 39.7 300.0 351.8 250.0 280.5 200.0 H1 2016 Ports Gas/Power/Mining Real Estate Brokerage, Asset H1 2017 Mngmnt.&Others During the first six months of 2017, Global Investment Holdings‟ (GIH) revenues reach
Slide 7: Financial Highlights: Change in EBITDA
Financial Highlights: Change in EBITDA EBITDA (H1 2016 vs. H1 2017) Operating EBITDA : TL 16,3 million 150.0 -5.1 2.4 4.4 -0.1 -1.3 100.0 15.8 50.0 97.5 113.6 0.0 H1 2016 Ports Gas/Mining/Power Real Estate Brokerage&Asset Mngmnt. Holding Stand Alone Other H1 2017 At the end of Q2 2017, GIH reporte
Slide 8: Financial Highlights: Operational EBITDA by Division
Financial Highlights: Operational EBITDA by Division (Reported EBITDA adjusted for non-recurring items) Operational EBITDA By Divison (in million TL) 90.0 80.0 70.0 60.0 50.0 40.0 30.0 20.0 10.0 0.0 -10.0 Port Akdeniz Ege Ports BPI VCP-Malta Port of Bar Bodrum Port Naturelgaz Straton Tres Energy Rea
Slide 9: Financial Highlights: Change in P&L & Net Debt
Financial Highlights: Change in P&L & Net Debt GIH reported a consolidated net loss of TL137.8mn in H1 2017, compared to a net loss of TL45.1mn in H1 2016. The loss does not include TL425.0mn increase in Group‟s consolidated equity due to the successful IPO of the Ports Division in London Stock Exch
Slide 10: II – Operational Performance by Division
II – OPERATIONAL PERFORMANCE BY DIVISION 10
Slide 11: Global Ports Holding
Global Ports Holding Total Revenues Cruise EBITDA Margin* & & GPH managed to expand its cruise passenger base by 14% in H1 2017 Comercial EBITDA Margin* EBITDA* (TL mn) YoY, through organic and inorganic growth. Even when proforma effect of Italian Ports in H1 2016 is excluded, total pax indicate
Slide 12: Power/Gas/Mining: Naturelgaz
Power/Gas/Mining: Naturelgaz Naturelgaz Revenue & Volume The Group‟s Power/Gas/Mining Division revenues in H1 2017 amounted to TL138.0mn, compared to TL98.3mn in H1 2016. Naturelgaz recorded revenues of TL76.5mn in H1 2017. 76.5 Reported sales volume of H1 2017 stood at 61.6mn m3, 70 compared to
Slide 13: Power/Gas/Mining: Straton Mining
Power/Gas/Mining: Straton Mining • Straton recorded revenues of TL26.9mn in H1 2017 which increased significantly YoY. • The Company realized 298,569 tons of product sales, indicating a 38.0% YoY volume growth in H1 2017 . • The Company exported 229,905 tons feldspar mainly to Spain, Italy, Egypt an
Slide 14: Power/Gas/Mining Division: Co-Gen and Biomass
Power/Gas/Mining Division: Co-Gen and Biomass As of 30 June 2017, the total contracted generation capacity of Tres Energy is 54.5 MW. Of the total contracted generated capacity, 50.5MW has already initiated operations and supplies power to consumers. Tres Energy plans to complete the construction
Slide 15: Power/Gas/Mining Division: Solar Power & Tenera Energy
Power/Gas/Mining Division: Solar Power & Tenera Energy GIH‟s goal is to become a market pioneer in solar power development in Turkey. To reach this goal, GIH‟s subsidiary, Ra Solar, has identified several suitable project locations for solar power generation in Turkey and conducted the mandatory s
Slide 16: Real Estate Division: Overview
Real Estate Division: Overview In Q2 2017, 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 its operations in March 2011 and Van Shopping Mall, which commenced
Slide 17: 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 18: III – Appendix
lili - APPENDIX Q GLOBAL INVESTMENT HOLDINGS 18
Slide 19: Balance Sheet
Balance Sheet (TL mn) 30 Jun 2017 31 Dec 2016 ASSETS Current Assets 1,325.7 628.8 Cash and Banks 843.4 209.0 Marketable Securities 3.0 12.1 Trade Receivables 203.7 134.7 Inventories 95.1 82.1 Other Receivables and Current Assets (1) 180.5 190.9 Non-current Assets 3,256.3 3,245.7 Financial Assets 4.1
Slide 20: Income Statement
Income Statement (TL mn) H1 2017 H1 2016 Total gross revenues 351.8 280.5 Cost of sales and services -260.6 -188.2 Gross Profit 91.2 92.4 Operating expenses -92.3 -90.6 Other operating income/(loss), net -64.8 -2.4 Equity pickup asset gains/(losses) 3.6 2.2 Gross operating profit/(loss) -62.3 1.6 Fi
Slide 21: Debt Position
Debt Position Year of Holding standalone debt (TL m) Currency Interest Rate Maturity Amount TL mn US$ mn Eurobond, net USD fixed 2017 (1) 56.0 16.0 TL bond TL floating 2017 70.2 20.0 TL bond TL floating 2019 14.8 4.2 TL bond TL floating 2017 (2) 35.0 10.0 TL bond TL floating 2017 40.0 11.4 TL bond T
Slide 22: 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
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