Global Yatirim Holding A.s. · BIST:GLYHO
Global Yatirim Holding A.s — H1 2015 Earnings Presentation
23 slides from Global Yatirim Holding A.s's earnings presentation, 2015
Slide 1: Global Investment Holdings Financial Presentation H1 2015
GLOBAL INVESTMENT HOLDINGS Financial Presentation H1 2015
Slide 2: Current Portfolio
Current Portfolio Global Investment Holdings Brokerage & Asset Ports Energy Real Estate Management Global Ports Holding Consus Energy Pera REIT/Global RE Global Securities (100%) (100%) (50%)/(100%) (77.4%) Ege Ports Kusadasi CNG Mining Power Actus Asset (72.5%) Distribution Generation • Sümer Park
Slide 3: I – Financial Review
G GLOBAL INVESTMENT HOLDINGS |— FINANCIAL REVIEW
Slide 4: Financial Highlights
Financial Highlights (TL mn) Net revenues Q1 2015 Q2 2015 Q1 2014 Q2 2014 H1 2015 H1 2014 %change Energy 33.9 59.5 22.7 35.3 93.4 58.0 61% Ports 42.5 78.1 36.3 49.0 120.6 85.3 41% Brokerage & Asset Management 6.7 6.9 4.9 4.9 13.7 9.9 39% Real Estate 1.3 5.0 2.5 1.7 6.3 4.2 49% Holding stand-alone 0.
Slide 5: Major Developments
Major Developments Corporate: Capital Decrease: Global Investment Holdings ("GIH") currently holds 14.69% of the total issued shares of the Company itself. On July 8, 2015 the Board of Directors of GIH has resolved to cancel part of these shares corresponding to 5.24% of the current issued share c
Slide 6: Financial Highlights: Change in Revenue & EBITDA
Financial Highlights: Change in Revenue & EBITDA Revenue (H1 2014 vs. H1 2015) 250 4,2 2,1 35,4 200 35,3 150 234,1 100 158,5 50 0 H1 2014 Ports Energy Real Estate Brokerage, Asset H1 2015 Mngmnt.&Others EBITDA (H1 2014 vs. H1 2015) Δ EBITDA: TL36.4mn 90 0,6 0,6 -1,4 80 70 18,2 60 2,7 77,7 50 15,7 40
Slide 7: Financial Highlights: Revenue
Financial Highlights: Revenue During the first six months of 2015, Global Investment Holdings’ (GIH) revenues reached TL234.1mn compared to TL158.5mn for the same period last year, representing an increase of 48%. This increase is due to improved operating performance of all of the business divisi
Slide 8: Financial Highlights: EBITDA
Financial Highlights: EBITDA In H1 2015, GIH reported consolidated EBITDA of TL77.5mn, representing an increase of 88%. The comparable figure for the same period for 2014 was TL41.3mn. The Port Division’s EBITDA was reported as TL62.2mn in H1 2015 compared to an EBITDA of TL46.5mn for the same p
Slide 9: Financial Highlights: Change in P&L
Financial Highlights: Change in P&L GIH reported a consolidated net loss of TL51.6mn in the first half of 2015, compared to a net loss of TL- 33.1mn in H1 2014. Despite a strong EBITDA growth in operations, the main reasons behind the decrease were higher non-cash depreciation charges (TL65.0mn in
Slide 10: II – Operational Performance by Division
II – OPERATIONAL PERFORMANCE BY DIVISION 10
Slide 11: Global Ports Holding
Global Ports Holding In the first half of 2015, the Port Division’s revenues totaled GPH Total Revenues & EBITDA TL120.6mn, representing an increase of 41% over the same period of 2014. Apart from the contribution of Group’s cruise 140 business, GPH revenues - which are mainly denominated in USD a
Slide 12: Consus Energy: Naturelgaz
Consus Energy: Naturelgaz Naturelgaz Revenue & Volume 90 The Group’s Energy Division revenues in the H1 2015 80 comprised sales from CNG (Naturelgaz), mining (Straton) and 77.7 power generation (Tres), and amounted to TL93.4mn. 70 60 Naturelgaz recorded revenues of TL77.7mn during the first half
Slide 13: Consus Energy: Straton Mining
Consus Energy: Straton Mining Straton realized 189,610 tons of product sales and recorded revenues of TL14.3mn within H1 2015. The Company exported 160,500 tons feldspar mainly to Spain, Italy and Egypt while domestic sales volume reached 29,110 tons. Straton has also completed its investment prog
Slide 14: Consus Energy: Tres Energy
Consus Energy: Tres Energy As at the end of Q2 2015, the total contracted generation capacity of Tres Energy is 39 MW. Out of total the contracted capacity, 16.7 MW facility continues power generation. The remaining facilities with 22.3 MW capacity targets to commence generation between Q4 2015 an
Slide 15: Consus Energy: Solar Power
Consus Energy: Solar Power Consus Energy’s goal is to become a market pioneer in solar power development in Turkey. To reach this goal, Consus Energy has partnered with a leading Europebased investor and systems integrator. The joint venture company, Ra Solar, has identified several suitable pro
Slide 16: Pera REIT
Pera REIT H1 2015, revenues of the Real Estate Division were comprised of rent revenues and residential sale revenues as well as office unit revenues of Pera, a listed REIT. Rental revenues were generated from the Denizli Sumerpark Shopping Mall, which started operations in March 2011. The first
Slide 17: Other Real Estate Projects
Other Real Estate Projects The construction of Van AVM of 30,000m2 GLA started in July 2014 and is expected to be completed by November 2015. As of June 30,2015, the construction is 72% complete and rental contracts for 77% of total GLA have been signed. GIH owns a school building as part of the
Slide 18: 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 19: III – Appendix
lili - APPENDIX Q GLOBAL INVESTMENT HOLDINGS 19
Slide 20: Balance Sheet
Balance Sheet (TL mn) 30 June 2015 30 June 2014 ASSETS Current Assets 524.3 493,2 Cash and Banks 155.6 185.3 Marketable Securities 19.0 3.9 Trade Receivables 170.2 143.2 Inventories 50.1 45.8 Other Receivables and Current Assets (1) 129.4 115.0 Non-current Assets 2,293.8 2,105.9 Financial Assets 6.7
Slide 21: Income Statement
Income Statement (TL mn) H1 2015 H1 2014 Total gross revenues 234.1 158.5 Cost of sales and services -170.4 -109.1 Gross Profit 63.7 49.4 Operating expenses -65.1 -56.7 Other operating income/(loss), net 5.9 4.6 Equity pickup asset gains/(losses) 1.6 0.9 Gross operating profit/(loss) 6.1 -2.0 Financ
Slide 22: Debt Position
Debt Position Year of Holding standalone debt (TL m) Currency Interest Rate Maturity Amount TL mn Eurobond, gross USD fixed 2017 107,7 TL bond TL floating 2016 75,0 TL bond TL floating 2016 85,0 TL bond TL floating 2017 110,0 Secured bank loans USD floating 2016 (1) 44,8 Secured bank loans EUR float
Slide 23: 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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