Global Yatirim Holding A.s. · BIST:GLYHO
Global Yatirim Holding A.s — Global Investment Holdings — Q1 2018 Earnings Presentation
22 slides from Global Yatirim Holding A.s's earnings presentation, 2018
Slide 1: Global Investment Holdings Financial Presentation Q1 2018
GLOBAL INVESTMENT HOLDINGS Financial Presentation Q1 2018
Slide 2: Current Portfolio (Q1 2018)
Current Portfolio (Q1 2018) Brokerage & Asset Ports Power/Gas/Mining Real Estate Management Revenue: 78.6mn TL Revenue: 60.1mn TL Revenue: 8.2mn TL Revenue: 12.5mn TL EBITDA: 43.3mn TL EBITDA: 1.5mn TL EBITDA: 5.3mn TL EBITDA: 1.0mn TL Net Debt: 228.0mn USD Avg. Maturity: 5.2 yrs Net Debt: 88.0 mnUS
Slide 3: I – Financial Review
G GLOBAL INVESTMENT HOLDINGS |— FINANCIAL REVIEW
Slide 4: Financial Highlights
Financial Highlights (TL mn) Net revenues 1Q 2018 1Q 2017 %change Gas 29.4 44.4 -34% Power 17.8 6.0 200% Mining 12.9 12.5 3% Ports 78.6 67.3 17% Brokerage & Asset Management 12.5 8.8 42% Real Estate* 8.2 7.4 11% Holding stand-alone 0.0 0.0 NA Others 0.1 0.1 -17% GIH total 159.5 146.5 9% Operating EB
Slide 5: Major Developments
Major Developments Successful Tender to Operate the Zadar Gazenica Cruise Port in Croatia PORTS • GPH Plc won a tender in March 2018, for the operating rights of Zadar cruise port in Croatia for a duration of 20 years. This contract remains subject to entering into final concession agreement with
Slide 6: Financial Highlights: Change in Revenue
Financial Highlights: Change in Revenue Revenue (mn TL) (Q1 2017 vs. Q1 2018) 0.4 0.8 3.7 11.3 -15,1 11.9 159.5 146.5 Gas Ports Power Mining Estate Q1 2017 Q1 2018 Brokerage, Mngmnt.& Real Others Asset During the first three months of 2018, Global Investment Holdings’ (GIH) revenues reached 159.5m
Slide 7: Financial Highlights: Change in Operating EBITDA
Financial Highlights: Change in Operating EBITDA EBITDA (mn TL) (Q1 2017 vs. Q1 2018) 1.3 -1,8 -1,0 0.6 -0,4 2,3 0,3 5.2 40.7 34.2 Power Stand Alone Q1 2017 Real Estate Gas Mining Q1 2018 Ports Brokerage& Other Mngmnt. Holding Asset At the end of Q1 2018, GIH reported operating EBITDA of 40.7mn TL
Slide 8: Financial Highlights: Operational EBITDA by Division
Financial Highlights: Operational EBITDA by Division Operational EBITDA By Divison (mn TL) 49.6 42.1 1.2 1.1 1.0 1.0 0.5 0.2 -0.1 -1.3 Ports Power CNG Mining Brokerage & Asset Mng. Q1 2017 Q1 2018 8
Slide 9: Financial Highlights: Change in P&L & Debt Position
Financial Highlights: Change in P&L & Debt Position • GIH reported a consolidated net loss of TL56.6mn in Q1 2018, compared to a net loss of TL56.8mn in Q1 2017. Despite higher revenue recognition along with EBITDA maximization, the net loss stemmed from non-cash depreciation and foreign currency tr
Slide 10: II – Operational Performance by Division
II – OPERATIONAL PERFORMANCE BY DIVISION
Slide 11: Global Ports Holding Plc
Global Ports Holding Plc GPH Total Revenues Cruise EBITDA Margin* & During the period cruise passenger volumes rose 6.3% compared to Q1 & Commercial EBITDA Margin* 2017 Consolidated EBITDA (TL) o This yoy growth in passenger volumes was primarily driven by 71.1% 69.6% growth in the number of calls
Slide 12: Power/Gas/Mining: Naturelgaz
Power/Gas/Mining: Naturelgaz Naturelgaz Revenue & Volume Reported sales volume of Q1 2018 stood at 23.7mn m3 (including pipeline gas sales of 6.8 mn m3), compared to 41.5 mn m3 (including pipeline gas sales of 18.8 mn m3) in Q1 2017 Naturelgaz recorded revenues of 29.4 mn TL in Q1 2018 (includin
Slide 13: Power Division: Co-Gen and Biomass
Power Division: Co-Gen and Biomass The Power division reported 17.8mn TL revenues in Q1 2018, almost tripling YoY thanks to the first time consolidation of biomass operations with 17.2MW installed capacity with feed-in tariff coupled with expansion in installed capacity for co-generation business
Slide 14: Power Division: Solar
Power Division: Solar GIH’s goal is to become a market pioneer in solar power development in Turkey. To reach this goal, GIH’s subsidiary, Ra Solar, has identified several suitable project locations for solar power generation in Turkey and conducted the mandatory studies to obtain a generation lic
Slide 15: Mining: Straton Mining
Mining: Straton Mining The Company realized 102,643 tons of product sales, indicating a 22% YoY volume reduction in 2017 The Company exported 62,425 tons feldspar mainly to Spain, Italy, Egypt and Middle East while domestic sales volume reached 40,218 tons Straton continued sales of high-quali
Slide 16: Real Estate Division: Overview
Real Estate Division: Overview In Q1 2018, revenues of the Real Estate Division were comprised of rent revenues and residential/commercial sale revenues. Rental revenues were generated from the Denizli Sumerpark Shopping Mall, which started its operations in March 2011 and Van Shopping Mall, which
Slide 17: 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 18: III – Appendix
G GLOBAL INVESTMENT HOLDINGS lili - APPENDIX
Slide 19: Balance Sheet
Balance Sheet (TL Million) 31 Mar 2018 31 Dec 2017 Current Assets 1,306.6 940.6 Cash and Banks 373.5 439.9 Marketable Securities 4.2 5.5 Trade Receivables 192.4 195.3 Inventories 45.3 98.3 Other Receivables and Current Assets (1) 691.2 200.8 Assets classified as held for sale 491.3 0.9 Non-current A
Slide 20: Income Statement
Income Statement (TL mn) Q1 2018 Q1 2017 Total gross revenues 151.3 139.1 Cost of sales and services -131.6 -116.9 Gross Profit 19.7 22.2 Operating expenses -52.3 -45.0 Other operating income/(loss), net -1.9 -1.8 Equity pickup asset gains/(losses) 3.7 1.5 Gross operating profit/(loss) -30.7 -23.1 F
Slide 21: Debt Position
Debt Position As of 31.03.2018 Pro-forma2 Interest Year of Amount TL US$ Amount TL US$ Holding standalone debt (TL m) Currency Rate Maturity mn mn mn mn Eurobond, net USD fixed 2022 12.8 3.2 12.8 3.2 TL bond TL floating 2019 14.8 3.7 14.8 3.7 TL bond TL floating 2020 25.0 6.3 25.0 6.3 TL bond TL flo
Slide 22: 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 2018 Earnings Presentation on 6ix