Global Yatirim Holding A.s. · BIST:GLYHO
Global Yatirim Holding A.s — Q1 2016 Earnings Presentation
22 slides from Global Yatirim Holding A.s's earnings presentation, 2016
Slide 1: Global Investment Holdings Financial Presentation Q1 2016
GLOBAL INVESTMENT HOLDINGS Financial Presentation Q1 2016
Slide 2: Current Portfolio – Q1 2016
Current Portfolio – Q1 2016 Global Investment Holdings Brokerage & Asset Ports Power/Gas/Mining Real Estate Management Revenue: 54.6 mnTL Revenue: 39.6 mnTL Revenue: 5.8 mnTL Revenue: 8.7 mnTL EBITDA: 23.8 mnTL EBITDA: 5.7 mnTL EBITDA: 3.4 mnTL EBITDA: 6.7 mnTL Net Debt: 816.6 mnTL Avg. Maturity: 6.
Slide 3: I – Financial Review
G GLOBAL INVESTMENT HOLDINGS |— FINANCIAL REVIEW
Slide 4: Financial Highlights
Financial Highlights (TL mn) Net revenues Q1 2016 Q1 2015 %change Power/Gas/Mining 39.6 33.9 17% Ports 54.6 42.5 28% Brokerage & Asset Management 8.7 6.7 30% Real Estate 5.8 1.3 348% Holding stand-alone 0.0 0.0 NA Others 0.1 0.1 6% GIH total 108.7 84.5 29% EBITDA Q1 2016 Q1 2015 %change Power/Gas/Mi
Slide 5: Major Developments
Major Developments Venice Cruise Port - GPH submitted a binding offer as part of an international consortium to the international tender by the APV Investmenti S.p.A (owned by Venice Port Authority) of Italy in March 2016 - The offer is for the transfer of its 65.98% stake in APVS, which in turn o
Slide 6: Financial Highlights: Change in Revenue
Financial Highlights: Change in Revenue Revenue (Q1 2015 vs. Q1 2016) 120 12.1 5.7 4.5 2.0 100 80 60 108.8 40 84.5 20 0 Q1 2015 Ports Gas/Mining/Power Real Estate Brokerage, Asset Q1 2016 Mngmnt.&Others During the first three months of 2016, Global Investment Holdings‟ (GIH) revenues reached TL108
Slide 7: Financial Highlights: Change in EBITDA
Financial Highlights: Change in EBITDA EBITDA (Q1 2015 vs. Q1 2016) Operating EBITDA Δ : TL6.8mn 3.1 -2.6 35 -0,6 30 2.8 25 4.1 -8.0 20 15 10 22.8 21.6 5 0 Q1 2015 Ports Gas/Mining/Power Real Estate Brokerage&Asset Holding Stand One-off Q1 2016 Mngmnt. Alone income/expense & other At the end of Q1
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) 30.0 25.0 20.0 15.0 10.0 5.0 0.0 -5.0 Port Akdeniz Ege Ports BPI Port of Bar Bodrum Port Naturelgaz Straton Mining Tres Energy Real Estate Global Secu
Slide 9: Financial Highlights: Change in P&L
Financial Highlights: Change in P&L GIH reported a consolidated net loss of TL34.9mn in Q1 2016, compared to a net loss of TL28.2mn in Q1 2015. The main reasons behind the decrease were non-cash depreciation charges, and increase in net interest expenses. Depreciation and amortisation charges have
Slide 10: II – Operational Performance by Division
II – OPERATIONAL PERFORMANCE BY DIVISION 10
Slide 11: Global Ports Holding
Global Ports Holding GPH Total Revenues Cruise EBITDA Margin* & & Comercial EBITDA Margin* EBITDA* Group‟s total passengers increased by a significant 12% in Q1 2016, mainly driven 54.6 65.4% 62.1% by Barcelona, Singapore and Valletta (VCP) acquisitions. Even when proforma effect of VCP in Q1 2015
Slide 12: Power/Gas/Mining: Naturelgaz
Power/Gas/Mining: Naturelgaz Naturelgaz Revenue & Volume The Group‟s Power/Gas/Mining Division revenues in Q1 2016 amounted to TL39.6mn. 28 Naturelgaz recorded revenues of TL23.4mn in Q1 2016. Reported sales volume of Q1 2016 stood at 17.0mn m3, 23.4 compared to 19.6mn m3 for the same period in
Slide 13: Power/Gas/Mining: Straton Mining
Power/Gas/Mining: Straton Mining • Straton registered 44% volume growth, while recording 142% revenue increase. • The Company realized 113,188 tons of product sales and recorded revenues of TL12.8mn in Q1 2016. • The Company exported 96,200 tons feldspar mainly to Spain, Italy, Egypt and Middle East
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
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 Q1 2016, 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) 31 Mar 2016 31 Dec 2015 ASSETS Current Assets 610.9 675.8 Cash and Banks 206.3 296.2 Marketable Securities 11.3 15.5 Trade Receivables 144.8 142.8 Inventories 62.1 59.5 Other Receivables and Current Assets (1) 186.3 161.8 Non-current Assets 2,765.4 2,763.0 Financial Assets 7.5
Slide 20: Income Statement
Income Statement (TL mn) Q1 2016 Q1 2015 Total gross revenues 108.7 84.5 Cost of sales and services -82.2 -71.1 Gross Profit 26.5 13.3 Operating expenses -43.7 -30.8 Other operating income/(loss), net -1.9 4.1 Equity pickup asset gains/(losses) 1.5 1.2 Gross operating profit/(loss) -17.6 -12.1 Finan
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 113.5 40.1 TL bond TL floating 2016 75.0 26.5 TL bond TL floating 2016 85.0 30.0 TL bond TL floating 2017 110.0 38.8 TL bond TL floating 2017 40.0 14.1 Secured bank
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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