Gsd Holding A.s. · BIST:GSDHO
Gsd Holding A.s — Q3 2024 Earnings Presentation
18 slides from Gsd Holding A.s's earnings presentation, Nov 11, 2024
Slide 1: Q3 2024
Q3 2024 Posted on 11 November 2024
Slide 2: GSD Holding at a glance
1986 Q3 2024 Q3 2024 Established in TL 1,735 TL 13,470 1986 Million Million Consolidated EBIT Total Assets Group entities listed on 2 Borsa Istanbul (BIST) 2
Slide 3: GSD Holding Business Lines
GSD Holding Business Lines Finance Maritime Energy GSD Holding operates in finance, marine and energy sectors through its subsidiaries. 3
Slide 4: Finance - Banking
Finance - Total Assets (as of Q3 2024) Established in TL 1,570 1999 Million EBIT 100% (as of Q3 2024) Owned by GSD Holding TL 395 Million 4
Slide 5: Finance - Factoring
Finance - EBIT (as of Q3 2024) Total Assets (as of Q3 2024) TL 423 Established in Million TL 1,865 1994 Million Factoring Receivables 98.01% (as of Q3 2024) Owned by GSD Holding TL 1,743 Million 5
Slide 6: Finance - Varlık
Finance - Total Assets (as of Q3 2024) Established in TL 110 2024 Million EBIT 100%’ü (as of Q3 2024) GSD Holding’e aittir. TL 8 Million 6
Slide 7: Maritime
Maritime - GSD Marin EBIT Total Comprehensive Established in (as of Q3 2024) Income excluding non- controlling interest 1992 TL 766 (as of Q3 2024) & Million Listed on TL 860 Million BIST GSD Shipping Total Assets Established in (as of Q3 2024) 2016 TL 8,775 Million 7
Slide 8: Energy
Energy The first and only power plant that works with asphaltites 9.60% in Turkey Owned by GSD Holding Member of 405 MWe EMRA Thermal Energy Plant Energy Market fuelled by asphaltite. Regulatory Authority 8
Slide 9: Consolidated Operating Income
Consolidated Operating Income 1,386.6 Q3 2024 66.4 395.3 Banking 715.9 Q3 2024 Factoring Q3 2023 515.0 Marine Holding Varlık 423.0 Q3 2024 Q3 2023 Consolidated Operating Income / Business Sector Shares in Consolidated Loss - TL Million Operating Income - TL Million (*) (*) Business Sector Shares are
Slide 10: Consolidated Operating Income by Business Segments
Consolidated Operating Income 515.0 Q3 2024 423.0 395.3 Q3 2023 319.3 248.6 Breakdown of Consolidated 104.9 66.4 44.3 Operating Income by -5.8 0.0 the Business Segments Banking Factoring Marine Holding Varlik – TL Million (*) Business Sector Shares are illustrated before intra-group eliminations. 10
Slide 11: A 405 MWe Powerplant in Southeast Turkey
Silopi Elektrik offers many Controllable fuel costs and GSD Holding sold back 5.4% its advantages that are not provided reliable fuel supply. shares in Silopi Elektrik. Also the by other thermal power plants. capital of Silopi Elektrik was increased to TL 1.5 billion with a paid capital increase and
Slide 12: GSD Marin fleet
Cano Maritime Hako Maritime Nehir Maritime M/V Cano M/V Hako M/V Nehir Malta Malta Marshall Islands GSD Marin is the first and the only public 384 kDWT – Current cargo carrying capacity All 9 ships that have been in GSD Group are shipping company in Turkey. under management. managed by GSD Marin Foc
Slide 13: GSD Shipping fleet
Mila Maritime Zeyno Dodo Maritime Neco Maritime Lena Maritime Nejat Maritime Deniz Maritime M/V Mila Maritime M/V Dodo M/V Olivia M/V Lena M/V Nejat M/V Deniz Malta Malta Malta Malta Marshall Islands Marshall Islands Marshall Islands GSD Shipping B.V. is established as 100% subsidiary of GSD Holding
Slide 14: Net Foreign Currency Position
USD Million USD Million 3 Net Foreign 168 Currency Position GSD Holding Unconsolidated GSD Holding Consolidated 14
Slide 15: Financial Highlights Consolidated Income Statement
Financial Highlights Consolidated Income Statement $ Million TL Million TL Million Changes TL Million Q3 2024 Q3 2024 Q3 2023 % Revenue 93.1 2,999.4 1,759.5 70% Gross Income 46.3 1,493.2 852.2 75% Operational Income 43.0 1,386.5 715.9 94% EBIT 53.8 1,734.8 1,121.5 55% Tax (net) (8.2) (264.8) (264.3)
Slide 16: Financial Highlights Consolidated Balance Sheet
Financial Highlights Consolidated Balance Sheet $ Million* TL Million TL Million Changes TL Million Q3 2024 Q3 2024 Q4 2023 % Cash and Cash Equivalents 59.0 2,012.9 1,486.3 %35 Financial Investments 76.2 2,600.3 1,968.5 %32 Loans and Advances Given to Customers, net 11.8 403.4 580.3 %(30) Factoring
Slide 17: Shareholders of GSD Holding as of Q3 2024
Shareholders of GSD Holding as of Q3 2024 25.5% % M. Turgut Yılmaz GSD Holding (buy-backed shares) MTY Delta Denizcilik İç ve Dış Ticaret 59.9% 10.0% Adeo Turizm Otelcilik Ticaret Limited Şirketi 4.5% Other privileged shareholders 0.1% Publicly owned 0.0% 17
Slide 18: Contact Information
Contact Information www.gsdholding.com.tr +90 216 417 10 08 Investor Relations Department Aynur Zorer Tuğrul Duman Investor Relations Manager Financial Affairs Assistant Manager azorer@gsdholding.com.tr tduman@gsdholding.com.tr