Gsd Holding A.s. · BIST:GSDHO
Gsd Holding A.s — Q2 2024 Earnings Presentation
17 slides from Gsd Holding A.s's earnings presentation, Sep 16, 2024
Slide 1: Q2 2024
Q2 2024 Posted on 16 September 2024
Slide 2: GSD Holding key figures
1986 Q2 2024 Q2 2024 Established in TL 1,072 TL 11,999.6 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 Q2 2024) Established in TL 2,133 1999 Million 100% EBIT (as of Q2 2024) Owned by GSD Holding TL 241 Million 4
Slide 5: Finance - Factoring
Finance - EBIT (as of Q2 2024) Total Assets (as of Q2 2024) TL 265 Million Established in TL 2,201 1994 Million 98.01% Factoring Receivables (as of Q2 2024) Owned by GSD Holding TL 2,116 Million 5
Slide 6: Maritime
Maritime - GSD Marin EBIT Total Comprehensive Established in (as of Q2 2024) Income excluding non- 1992 TL 468 controlling interest (as of Q2 2024) & Million Listed on TL 85 BIST Million GSD Shipping Total Assets Established in (as of Q2 2024) 2016 TL 7,234 Million 6
Slide 7: 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 7
Slide 8: Consolidated Operating Income
Consolidated Operating Income 838.3 Q2 2024 73.4 241.4 480.5 Q2 2024 262.0 Banking Factoring Q2 2023 265.4 Marine Holding Q2 2024 Q2 2023 Consolidated Operating Income / Business Sector Shares in Consolidated Loss - TL Million Operating Income - TL Million (*) (*) Business Sector Shares are illustra
Slide 9: Consolidated Operating Income by Business Segments
Consolidated Operating Income 265.4 262.0 241.4 Q2 2024 Q2 2023 189.9 Breakdown of 112.6 104.5 Consolidated 73.4 76.2 Operating Income by the Business Segments – TL Million Banking Factoring Marine Holding (*) Business Sector Shares are illustrated before intra-group eliminations. 9
Slide 10: 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 11: 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 384k DWT – 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 12: GSD Shipping B.V. and vessels
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 On February 27th, 2024, a sales agreement was signed the dry GSD S
Slide 13: Net Foreign Currency Position
USD Million USD Million 3 Net Foreign 198 Currency Position GSD Holding Unconsolidated GSD Holding Consolidated 13
Slide 14: Financial Highlights Consolidated Income Statement
Financial Highlights Consolidated Income Statement $ Million TL Million TL Million Changes TL Million Q2 2024 Q2 2024 Q2 2023 % Revenue 60.7 1,918.5 1,080.4 78% Gross Income 28.0 885.7 506.9 75% Operational Income 26.5 838.3 480.5 74% EBIT 33.9 1,072.3 979.6 9% Tax (net) (5.2) (164.4) (150.4) 9% Net
Slide 15: Financial Highlights Consolidated Balance Sheet
Financial Highlights Consolidated Balance Sheet $ Million* TL Million TL Million Changes TL Million Q2 2024 Q2 2024 Q4 2023 % Cash and Cash Equivalents 32.9 1,078.8 1,364.6 %(21) Financial Investments 60.1 1,972.7 1,807.3 %9 Loans and Advances Given to Customers, net 31.5 1,033.0 532.8 %94 Factoring
Slide 16: Shareholders of GSD Holding as of Q2 2024
Shareholders of GSD Holding as of Q2 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% 16
Slide 17: 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