Koc Holding A.s. · BIST:KCHOL

Koc Holding A.s — Q1 2008 Earnings Presentation

15 slides from Koc Holding A.s's earnings presentation, June 2008

  1. Slide 1: Koç Holding Earnings Presentation

    Koç Holding Earnings Presentation June 2008

  2. Slide 2: Financial and Operational Performance in 1Q08

    Financial and Operational Performance in 1Q08 In 1Q 2008 • Revenues reached YTL12.3 bn (US$10.3bn), registering 23% YTL and 44% US$ YoY increase • Operating profit reached YTL901mn (US$753mn), registering 42% YTL and 66% US$ YoY increase • EBITDA reached YTL1,131mn (US$945mn), registering 33% YTL an

  3. Slide 3: Main Financial Indicators

    Main Financial Indicators 1Q08 € Mn US$ Mn YTL Mn YTL Mn % 31.Mar.08 31.Mar.08 31.Mar.08 31.Mar.07 Change Revenues 6,851 10,262 12,280 10,020 23 Gross Profit 1,035 1,550 1,854 1,550 20 EBITDA 631 945 1,131 852 33 Operating Profit 503 753 901 636 42 FX Gain/(Loss) -277 -415 -496 125 NM Financial Rev/

  4. Slide 4: Continuous Growth in Revenues

    Continuous Growth in Revenues Total Revenues (YTLmn) Share of Segment Revenues (%) 23% Automotive 12,280 Energy 15% 10,020 57% Durables 12% Other Finance 4% 12% 1Q07 1Q08 Segment Contribution to Total Revenues (YTLmn) 33% 7,036 5,285 35% 11% 14% 1,783 1,704 11% 1,319 1,522 1,282 1,462 429 477 Ene rg

  5. Slide 5: Increase in EBITDA

    Increase in EBITDA EBITDA Consumer Consolidated Energy Automotive Finance Other YTL mn Durables Total 1Q08 424 202 142 301 62 1,131 Total EBITDA (YTL mn) Segmental EBITDA Breakdown (%) Automotive 18% 33% Energy 1,131 38% 852 Durables 13% Other Finance 6% 27% 1Q07 1Q08 5

  6. Slide 6: EBITDA and EBITDA Margin by Segments

    EBITDA and EBITDA Margin by Segments Segment Contribution to EBITDA (YTL mn) 53% 424 59% 38% 301 278 109% 229 5% 202 190 142 96 60 62 Ene rgy Autom otive Durable s Finance Othe r 1Q07 1Q08 EBITDA Margin by Sectors (%) 20.6 14.8 13.9 13.4 13.0 11.3 9.3 7.3 5.3 6.0 Ene rgy Autom otive Durable s Financ

  7. Slide 7: Strong Operating Profit

    Strong Operating Profit Operating Profit Consumer Consolidated Energy Automotive Finance Other YTL mn Durables Total 1Q08 345 156 97 280 24 901 Total Operating Profit (YTL mn) Segmental Operating Profit Breakdown (%) Automotive 17% 42% 901 Durables 636 11% Energy 38% Finance Other 1Q07 1Q08 31% 3% 7

  8. Slide 8: Operating Profit and Operating Profit Margin by Segments

    Operating Profit and Operating Profit Margin by Segments Segment Contribution to Operating Profit (YTL mn) 68% 345 68% 280 48% 205 155% 185 156 167 97 34% 61 18 24 Ene rgy Autom otive Durable s Finance Othe r 1Q07 1Q08 Operaitng Profit Margin by Sectors (%) 19.1 13.0 10.9 8.7 6.4 4.9 4.6 4.2 5.0 3.9

  9. Slide 9: Sustainable Growth in Margins Continues

    Sustainable Growth in Margins Continues EBITDA Margin (%) Operating Profit Margin (%) 9.2 7.3 6.3 8.5 1Q07 1Q08 1Q07 1Q08 9

  10. Slide 10: Net Cash Position Following Migros Sale

    Net Cash Position Following Migros Sale Koç Holding Current Stand-alone Net Cash SPV Current Net Debt • ~ US$ 750mn • US$ 1.36bn • 10 year maturity • Self financing mechanism - redemption schedule linked to Tüpraş dividend stream • Resilient against FX and interest rate volatility since revenue stre

  11. Slide 11: 2008 Expectations

    2008 Expectations

  12. Slide 12: 2008 Expectations

    2008 Expectations Revenues (Consolidated-US$bn) 2% 42.6 G R:4 39.5 7 CA 0 02 -200 34.5 2 16.6 18.2 11.1 6.8 2002 2003 2004 2005 2006 2007 2008 E Exports (Combined – US$bn) International Sales (Combined – US$bn) 14.5 13.5 13.3 12.6 4% : 40 % 11.8 AGR:3 GR 07 C A 07 C 9.9 2-20 2-20 200 200 8.5 7.5 5.7

  13. Slide 13: Focus on Lucrative Businesses and Profitability

    Focus on Lucrative Businesses and Profitability EBITDA (Consolidated-US$bn) Operating Profit (Consolidated-US$bn) 4.0 3.4 7% R:3 3.4 8% 7 CA G AG R:6 2.7 -200 07 C 2002 2.7 -20 2002 2.1 1.5 1.5 1.2 0.9 0.9 0.7 0.6 0.2 2002 2003 2004 2005 2006 2007 2008 E 2002 2003 2004 2005 2006 2007 2008 E (%) Oper

  14. Slide 14: Thank You

    Thank You 14

  15. Slide 15: Disclaimer

    Disclaimer This presentation contains 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 affec

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