Global Yatirim Holding A.s. · BIST:GLYHO

Global Yatirim Holding A.s — Global Yatırım Holding — FY2015 Earnings Presentation

22 slides from Global Yatirim Holding A.s's earnings presentation, 2016

  1. Slide 1: Financial Presentation YE 2015

    GLOBAL INVESTMENT HOLDINGS Financial Presentation YE 2015

  2. Slide 2: Current Portfolio – YE 2015

    Current Portfolio – YE 2015 Global Investment Holdings Brokerage & Asset Ports Power/Gas/Mining Real Estate Management Revenue: 286.9mnTL Revenue: 218.3mnTL Revenue: 12.1mnTL Revenue: 33.0mnTL EBITDA: 175.1mnTL EBITDA: 26.5mnTL EBITDA: 56.1mnTL EBITDA: -8.8mnTL Net Debt: 742.3mnTL Avg. Maturity: 5.5

  3. Slide 3: I – Financial Review

    G GLOBAL INVESTMENT HOLDINGS |— FINANCIAL REVIEW

  4. Slide 4: Financial Highlights

    Financial Highlights (TL mn) Net revenues 9M 2015 Q4 2015 9M 2014 Q4 2014 FY 2015 FY 2014 %change Power/Gas/Mining 163.8 54.5 97.9 32.2 218.3 130.1 68% Ports 216.7 70.2 137.8 60.5 286.9 198.3 45% Brokerage & Asset Management 24.8 8.2 14.4 5.4 33.0 19.7 67% Real Estate 8.7 3.4 5.9 1.4 12.1 7.3 66% Ho

  5. Slide 5: Major Developments

    Major Developments  European Bank of Reconstruction and Development (EBRD) Partnership - The EBRD has become a partner of GPH, by acquiring post money, primary 10.84% stake in GPH at a consideration of €53.4mn, valuing 100% of the company at €493mn equity value. - Main shareholder GIH diluted from

  6. Slide 6: Financial Highlights: Change in Revenue

    Financial Highlights: Change in Revenue Revenue (YE 2014 vs. YE 2015) 600 21,1 4,8 500 81.0 400 88.6 300 552.2 200 356.7 100 0 FY 2014 Ports Power/Gas/Mining Real Estate Brokerage, Asset FY 2015 Mngmnt.&Others  At the end of 2015, Global Investment Holdings’ (GIH) revenues reached TL552.2mn compare

  7. Slide 7: Financial Highlights: Change in EBITDA

    Financial Highlights: Change in EBITDA EBITDA (YE 2014 vs. YE 2015) Operating EBITDA : TL 87.3 million 280.00 230.00 -35,3 -0,3 3,5 55,1 14.5 2.6 180.00 67.0 130.00 217.6 80.00 110.5 30.00  At the end of 2015, GIH reported consolidated EBITDA of TL217.6mn. 2015 EBITDA includes goodwill gains from a

  8. 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) 110.00 100.00 90.00 80.00 70.00 60.00 50.00 40.00 30.00 20.00 10.00 .00 -10.00 -20.00 Port Akdeniz Ege Ports BPI (*) Port of Bar Bodrum Port Naturelga

  9. Slide 9: Financial Highlights: Change in P&L

    Financial Highlights: Change in P&L  GIH reported a consolidated net loss of TL48.0mn in 2015, compared to a net loss of TL72.7mn in 2014. The main reasons behind the decrease were non-cash depreciation and foreign exchange charges, and increase in net interest expenses. Depreciation and amortisati

  10. Slide 10: II – Operational Performance by Division

    II – OPERATIONAL PERFORMANCE BY DIVISION 10

  11. Slide 11: Global Ports Holding

    Global Ports Holding GPH Total Revenues* Cruise EBITDA Margin* & & Comercial EBITDA Margin*  Group’s total number of passengers reached 4.1mn in YE 2015 compared to EBITDA* 3.8mn, representing 10% increase through organic growth, surpassing global cruise passenger growth rate of 3.2% as well as Med

  12. Slide 12: Naturelgaz

    Naturelgaz Naturelgaz Revenue & Volume 200 62%  The Group’s Power/Gas/Mining Division revenues in 2015 180 comprised sales from CNG (Naturelgaz), mining (Straton) and 180.1 160 power generation (Tres), and amounted to TL218.3mn. 60% 140 120 133.0  Naturelgaz recorded revenues of TL180.1mn in 2015.

  13. Slide 13: Power/Gas/Mining: Straton Mining

    Power/Gas/Mining: Straton Mining • Straton registered 51.6% volume growth, while recording 72.3% revenue increase. • The Company realized 388,000 tons of product sales and recorded revenues of TL30.9mn in 2015. • The Company exported 286,000 tons feldspar mainly to Spain, Italy, Egypt and Middle Eas

  14. Slide 14: Power/Gas/Mining Division: Co-Gen and Biomass

    Power/Gas/Mining Division: Co-Gen and Biomass  As of March 9, 2016, the total contracted generation capacity of Tres Energy is 53 MW. Of the total contracted generated capacity, 23.5 MW has already initiated operations and supplies power to consumers. Tres Energy plans to complete the construction

  15. Slide 15: Power/Gas/Mining Division: Solar Power

    Power/Gas/Mining 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 mandato

  16. Slide 16: Real Estate Division: Overview

    Real Estate Division: Overview  In 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 Sümerpark housing projec

  17. 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

  18. Slide 18: III – Appendix

    lili - APPENDIX Q GLOBAL INVESTMENT HOLDINGS 18

  19. Slide 19: Balance Sheet

    Balance Sheet (TL mn) 31 Dec 2015 31 Dec 2014 ASSETS Current Assets 675.8 493.2 Cash and Banks 296.2 185.3 Marketable Securities 15.5 3.9 Trade Receivables 142.8 143.2 Inventories 59.5 45.8 Other Receivables and Current Assets (1) 161.8 115.0 Assets Held for Sale Non-current Assets 2,763.0 2,105.9 F

  20. Slide 20: Income Statement

    Income Statement (TL mn) FY 2015 FY 2014 Total gross revenues 552.2 356.7 Cost of sales and services -378.0 -245.7 Gross Profit 174.2 111.0 Operating expenses -148.6 -125.9 Other operating income/(loss), net 44.8 -10.2 Equity pickup asset gains/(losses) 2.6 40.4 Gross operating profit/(loss) 72.9 15

  21. Slide 21: Debt Position

    Debt Position Year of Holding standalone debt (TL m) Currency Interest Rate Maturity Amount TL mn US$ mn Eurobond, gross USD fixed 2017 116.5 40.1 TL bond TL floating 2016 75.0 25.8 TL bond TL floating 2016 85.0 29.2 TL bond TL floating 2017 110.0 37.8 TL bond TL floating 2017 40.0 13.8 Secured bank

  22. 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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