Global Yatirim Holding A.s. · BIST:GLYHO
Global Yatirim Holding A.s — Global Investment Holdings — Q1 2023 Earnings Presentation
18 slides from Global Yatirim Holding A.s's earnings presentation, 2023
Slide 1: Global Investment Holdings Financial Presentation Q1 2023
GLOBAL INVESTMENT HOLDINGS Financial Presentation Q1 2023
Slide 2: Corporate Portfolio (Q1 2023)
Corporate Portfolio (Q1 2023) Ports Power Gas Mining Finance Real Esate GFS HOLDING A.Ş. 63.55% 68.0% 70.0% 97.7% 66.6% 100% The world's largest Co/Tri generation: Turkey’s & Europe’s One of Turkey’s AUM:36.9 bn TL Van's first independent cruise 54.1 MW installed leading non-piped leadin
Slide 3: I – Financial Review
G GLOBAL INVESTMENT HOLDINGS |— FINANCIAL REVIEW
Slide 4: Financial Highlights
Financial Highlights 2023 Net revenues (mn TL) Q1 23 Q1 22 % Change Guidance Gas 849,6 458,0 85% 10-30% Growth Power 167,4 126,1 33% 35-50% Growth Mining 100,4 68,6 46% 20-40% Growth Ports1 465,9 170,5 173% 60-100% Growth Brokerage&Asset Management 173,9 63,1 176% 0-15% Growth Real Estate 22,5 14,6
Slide 5: Financial Highlights: Change in Revenue & EBITDA (Q1 23 vs. Q1 22)
Financial Highlights: Change in Revenue&EBITDA (Q1 23 vs. Q1 22) Revenue (mn TL)1 112,7 31,7 7,9 391,6 41,4 1.782,4 295,3 901,8 EBITDA (mn TL) 38,8 -6,6 10,5 -4,1 3,3 4,1 47,9 211,3 481,6 176,4 1 Revenues exclude the impact of IFRIC 12 on Cruise Ports amounting to 273,8bn TL for Q1 2023 and 159,1mn
Slide 6: Financial Highlights: Change in P&L
Financial Highlights: Change in P&L GIH reported a consolidated net profit of 236,8mn TL in Q1 2023, compared to a net profit of TL 77mn in Q1 2022. The bottom line incorporated TL 232.3mn of non-cash charges of which TL 224.8mn were depreciation and amortization, and TL 7.5mn in net foreign excha
Slide 7: Net Debt/EBITDA
Net Debt/EBITDA 14,0 Net Debt/EBITDA 12,0 11,6 10,0 10,0 8,0 7,7 7,6 6,7 6,0 5,1 4,0 4,3 3,8 3,5 3,2 2,8 2,6 2,0 2,2 2,1 1,5 1,0 0,9 1,0 0,0 2021 YE Q1 2022 H1 2022 Q3 2022 2022 Q1 2023 Holding(Consolidated) Excluding Nassau Excluding Ports 7
Slide 8: III – Financial & Operational Performance by Division
III – FINANCIAL & OPERATIONAL PERFORMANCE BY DIVISION
Slide 9: Ports Division: Global Ports Holding Plc (GPH)
Ports Division: Global Ports Holding Plc (GPH) Total Calls Revenue (mn TL)1 EBITDA (mn TL) 305 322 466 261 262 242 229 218 186 188 185 173% 413% 171 51 Jan Feb Mar 1Q 22 1Q 23 1Q 22 1Q 23 2019 2022 2023 Total Pax In Q1 2023 cruise business continued to accelerate and major cruise lines have 921 83
Slide 10: Gas Division: Naturelgaz
Gas Division: Naturelgaz Revenue (mn TL) Sales volume reached 75mn Sm3 in Q1 2023, representing an increase of 11% yoy 850 Citygas sales volume increased by 46% yoy, reaching 51.2mn Sm3 85% Revenues increased by 85% yoy in Q1 2023, reaching TL 850mn, reflecting the increase in sales volume 458
Slide 11: Power Generation: Distributed Energy, Biomass and Solar
Power Generation: Distributed Energy, Biomass and Solar Power generation portfolio of the Group has a combined capacity of 94.1 MW, 40.0 MW of which is derived from Revenue (mn TL) renewable sources (biomass and solar power plants) The Group’s installed capacity in biomass and solar is 29.2MW an
Slide 12: Mining Division: Straton
Mining Division: Straton Revenue (mn TL) 100 46% 69 The Company realized 138,542 tons of product sales volume in Q1 2023, up by 12% yoy, despite 1Q 22 1Q 23 steady decrease in feldspar demand in export markets driven by the recession in Europe, thanks mainly to striking increase in demand from loc
Slide 13: Real Estate Division: Ardus
Real Estate Division: Ardus The Real Estate division’s revenues include rent revenues and residential/commercial sales revenues The real estate division registered 7,9mn TL increase in revenues and 3,3mn TL increase in EBITDA in Q1 2023 yoy, with revenues and EBITDA standing at 22,5mn TL and 9,7
Slide 14: Asset Management & Brokerage Division
Asset Management & Brokerage Division: Istanbul Asset Management & Global Securities & Global MD Revenues of the brokerage and asset management division consists of securities brokerage commissions, interest revenues on margin lending transactions, portfolio management fees, proprietary trading re
Slide 15: IV – Appendix
G GLOBAL INVESTMENT HOLDINGS IV — APPENDIX
Slide 16: Balance Sheet
Balance Sheet (TL Million) 31 Mar 2023 31 Dec 2022 ASSETS Current Assets 5.633,3 5.135,7 Cash and Banks 2.955,2 1.848,7 Marketable Securities 377,8 379,6 Trade and Other Receivables 1.239,4 1.891,5 Inventories 262,5 280,6 Other Current Assets 798,4 735,3 Non-current Assets 19.801,5 18.566,1 Financia
Slide 17: Income Statement
Income Statement (TL Million) Q1 2023 Q1 2022 Total gross revenues 2.056,17 1.060,92 Cost of sales and services -1.486,21 -854,68 Gross Profit 569,95 206,24 Operating expenses -378,80 -216,00 Other operating income/(loss), net 301,50 117,15 Equity pickup asset gains/(losses) 25,16 1,66 Gross operati
Slide 18: 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
Global Investment Holdings — Q1 2023 Earnings Presentation on 6ix