Koc Holding A.S. · BIST:KCHOL
Koc Holding A.S — Q3 2006 Earnings Presentation
15 slides from Koc Holding A.S's earnings presentation, 2006
Slide 1: Financial Review 3Q 2006 Results
Financial Review_3Q 2006 Results
Slide 2: Consolidated Interim Statements of Income
Consolidated Interim Statements of Income 30-09-06 30-09-06 30-09-06 30-09-05 % EUR mn USD mn TRY mn TRY mn Change (*) (*) (*) (*) Net Revenues 19,047 24,127 36,120 17,133 111 Net operating profit Gross Profit 2,887 3,656 5,474 2,913 88 increased by 165% YoY to TRY 2.33bn Net Operating Profit 1,228
Slide 3: Improvement in Margins
Improvement in Margins 30-09-06 30-09-06 30-09-06 30-09-05 % Change EUR mn (*) USD mn (*) TRY mn (*) TRY mn (*) Net Operating Profit 1,228 1,556 2,329 879 165 Depreciation & Amortization 332 421 630 562 12 EBITDA 1,561 1,977 2,959 1,441 105 Operating Profit 2,329 165% 879 Operating Margin, % 6.40 3Q
Slide 4: Continuous Improvement on a Quarterly Basis
Continuous Improvement on a Quarterly Basis Consolidated Revenues –(TRYmn) Consolidated Net Operating Profit –(TRYmn) 13,855 13,225 5% 2,871 94% 9,039 46% 1% 1,464 1,479 Jan-Mar 2006 Apr-Jun 2006 Jul-Sep 2006 Jan-Mar 2006 Apr-Jun 2006 Jul-Sep 2006 Adjusted Income Before Tax* - (TRYmn) 1,214 53% 792
Slide 5: Continuous Growth in Revenues
Continuous Growth in Revenues Total Revenues Segment Contribution to Total Revenues TRY mn TRY mn 36,120 17,856 421% 111% 17,133 16% 12% 15% 56% 167% 4,063 4,537 4,569 5,240 3,932 3,511 3,426 2,520 1,314 1,240 1,044 3Q05 3Q06 3Q05 3Q06 3Q05 3Q06 3Q05 3Q06 3Q05 3Q06 3Q05 3Q06 3Q05 3Q06 Auto Durables
Slide 6: Increasing Share of FX-linked Revenues
Increasing Share of FX-linked Revenues International Sales, Consolidated Total Revenues – Consolidated USD mn % 9.2 3Q05 3Q06 Other Other 7.2% Auto 2.9% 23.7% Energy Auto 6.2 Energy 50% 49.4% 20.0% 12.6% Finance Durables 7.7% 14.5% Durables Retail 26.7% Finance Retail 3Q05 3Q06 14.7% 9.7% 10.9% Tota
Slide 7: Strong Net Operating Profit in All Business Lines
Strong Net Operating Profit in All Business Lines Net Operating Consumer Food and Consolidated Profit Automotive Finance Energy Other Durables Retail Total TRY mn 3Q06 355 480 218 453 814 9 2,329 Segment Contribution to Net Operating Profit Segment Contribution to Net Operating Profit 3Q2005 - TRY m
Slide 8: Automotive Group
Automotive Group Automotive Total revenues of the automotive group were up by 12%, while Net Operating Profit its net operating profit registered 41% increase compared to the TRY mn same period last year. 355 In line with the declining sales trend in the automotive industry, 41% Ford Otosan's domest
Slide 9: Consumer Durables Group
Consumer Durables Group Consumer Durables Net Operating Profit Total revenues of the consumer durables group were up by TRY mn 15%, while its net operating profit registered 63% increase 480 compared to the same period last year. 63% 295 While Beko’s revenues stood at TRY1,403mn, Arçelik’s revenues
Slide 10: Food and Retailing Group
Food and Retailing Group Retail Total revenues of the retail sector were up by 56%, while its net Net Operating Profit TRY mn operating profit registered a significant 242% increase compared to the same period last year. 218 Migros' consolidated 9M06 net income came in at USD 42mn on 242% the back o
Slide 11: Finance Group
Finance Group Finance Total revenues of the finance group were up by 167%, while Net Operating Profit its net operating profit registered 119% increase compared to TRY mn the same period last year. 453 119% Yapı Kredi and Koçbank formally completed their merger to create the new Yapı Kredi effective
Slide 12: Energy Group
Energy Group Energy was the fastest growing segment among the core sectors due to the acquisition of Tüpraş, with total revenues Energy growing by 421%. Net operating profit registered a 684% Net Operating Profit increase compared to the same period last year. TRY mn 814 Tüpraş’ net sales revenue we
Slide 13: Tüpraş Financing
Tüpraş Financing Koç Holding Stand Alone Net Debt (US$bn) 2.1 1.9 1.8 1Q06 1H06 3Q06 Details of Tüpraş financing USD1bn with 3-year maturity at Libor+1.0 Koç Holding USD950mn with 7-year maturity at • USD500mn has been used by Libor+1.9 Koç Holding net cash outflow: Aygaz USD550mn with a 2-year matu
Slide 14: For Further Questions, Please Contact
For Further Questions, Please Contact: Funda Güngör Aslı Selçuk Iskır Coordinator Manager Investor Relations Investor Relations Strategic Planning Group Strategic Planning Group fundag@koc.com.tr aslii@koc.com.tr +90 216 531 0535 +90 216 531 0537 www.koc.com.tr P14
Slide 15: Disclaimer
Disclaimer This presentation contains information and analysis on financial statements as well as forward-looking statements that reflect the Company management’s current views with respect to certain future events. Although it is believed that the information and analysis are correct and expectatio