Global Yatirim Holding A.s. · BIST:GLYHO
Global Yatirim Holding A.s — Global Yatırım Holding — Q1 2026 Earnings Presentation
35 slides from Global Yatirim Holding A.s's earnings presentation, Jun 1, 2026
Slide 1: Q1 2026 Investor Presentation
1 Q1 2026 – Investor Presentation INVESTOR PRESENTATION Q1 2026
Slide 2: Diversified Portfolio, Leading Companies
Diversified Portfolio, World’s largest cruise port operator Leading Companies Ownership Q1 2026 – Investor Presentation PORTS 4 continents, 90,5% 20 countries, 35 ports Turkey’s leading non-piped Ownership natural gas distributor GAS • 14 industrial CNG plants 60,0% • 2 Auto CNG stations Total capac
Slide 3: Global Presence, Strong Operational Diversification
Global Presence, Strong Operational Diversification Balanced growth and sustainable cash flow through 4 Continents, Employees From 20+ Countries 20+ Nationalities Q1 2026 – Investor Presentation geographic diversification AMERICA EUROPE & AFRICA ASIA 60+ Operating Locations 3
Slide 4: Financial Review
4 Q1 2026 – Investor Presentation REVIEW FINANCIAL
Slide 5: Profitability Strengthens with Scale
Profitability Strengthens with Scale Revenue EBITDA EBITDA margin Strong Revenue and Profit Growth Above Inflation Growth Growth expansion Q1 2026 – Investor Presentation 42% 60% 490bps Q1 2025-Q1 2026 Q1 2025-Q1 2026 Q1 2025-Q1 2026 Without IAS29: Total Consolidated Revenue Total Consolidated EBITD
Slide 6: Strong and profitable growth continued in USD terms
65–70% of the Strong and profitable growth continued in USD terms as well Underlying operational consolidated performance +21% growth in consolidated revenues, +36% in EBITDA, +37% balance sheet is Q1 2026 – Investor Presentation excluding FX impact denominated in in net income USD Consolidated Reve
Slide 7: Above-Inflation Growth in Core Consolidated Revenue
Above-Inflation Growth in Core Consolidated Revenue Growth: 42% Consolidated EBITDA EBITDA Margin Growth: 60% Expansion: 490 bps Business Lines Q1 2025 – Q1 2026 Q1 2025 – Q1 2026 Q1 2025 – Q1 2026 Q1 2026 – Investor Presentation (without IAS29) (without IAS29) without IAS29 as per IAS29 Q1 2025 Net
Slide 8: Sustainable Growth with Long-Term, Low-Cost Financing
Sustainable Growth with Long-Term, Low-Cost Financing Our 15+ year long-term financing structure and strong access to funding support our financial flexibility Q1 2026 – Investor Presentation Total Consolidated Gross Debt Global Investment Holdings Consolidated Gross Debt 1,5bn USD St. Lucia Financi
Slide 9: Healthy Leverage Supported by Long-Term Debt Structure
Healthy Leverage Supported by Long-Term Debt Structure We maintain a sustainable leverage level through access to long-term 2.4x Q1 2026 – Investor Presentation financing and strong operational performance Excluding consolidated 15+ debt with maturities of 15 Net Debt/EBITDA (as per IAS29) years and
Slide 10: Financial & Operational Performance by Division
Q1 2026 – Investor Presentation FINANCIAL & OPERATIONAL PERFORMANCE BY DIVISION 10
Slide 11: Ports
11 Q1 2026 – Investor Presentation PORTS
Slide 12: Strong Traffic and High Occupancy Continue in Port Operations
Strong Traffic and High Occupancy Continue in Port Operations In Q1, the number of ships calling at our consolidated ports increased by 12%, Q1 2026 – Investor Presentation while passenger traffic rose by 18%, with occupancy rates remaining at high levels Total Consolidated Call** Strong Start to 20
Slide 13: Strong Growth and Increasing Profitability in USD Terms
Strong Growth and Increasing Profitability in USD Terms Strong USD-based growth in revenue and EBITDA Q1 2026 – Investor Presentation Revenue (mn USD) 1 EBITDA (mn USD) Revenue (USD) EBITDA (USD) EBITDA Margin +42% +46% +190bps 61% 2024-2025 2024-2025 2024-2025 60% 42% 72,2 44,4 46% Revenue Per Pax
Slide 14: Gas
14 Q1 2026 – Investor Presentation GAS
Slide 15: Strong Profitability and Effective Cost Management in the Gas Segment
Strong Profitability and Effective Cost Management in the Gas Segment Alongside continued operational efficiency, Naturelgaz took its first step Q1 2026 – Financial Presentation toward international growth through its initial overseas investment Profitability Growth per Sm³ (Q1 2025 – Q1 2026): Volu
Slide 16: Power
16 Q1 2026 – Investor Presentation POWER
Slide 17: Power Generation Segment Temporarily Affected by Seasonal Factors
Power Generation Segment was Temporarily Affected by Seasonal Factors in Q1, While Strategic Investments Continued to Drive Long-Term Growth Q1 2026 – Financial Presentation Scaling up capacity with the Bahamas project while focusing on USD-based and long-term revenues Total Generation (GW) 141 136
Slide 18: Mining
18 Q1 2026 – Investor Presentation MINING
Slide 19: Export- and Volume-Led Growth in the Mining Segment
Export- and Volume-Led Growth in the Mining Segment, While Profitability Is Impacted by Inflation and FX Dynamics Q1 2026 – Financial Presentation While export and volume growth remained strong, inflation-driven cost increases affected operational profitability Volume (tons) Sales Volume Export Dome
Slide 20: Real Estate
20 Q1 2026 – Investor Presentation REAL ESTATE
Slide 21: Stable EBITDA Contribution
Stable EBITDA Contribution Our real estate segment enhances portfolio diversification while Q1 2026 – Investor Presentation providing sustainable cash flow and consistent EBITDA contribution Revenue EBITDA (mn TRY) (mn TRY) Karaköy Office Building 20% Van Shopping Mall 87.2 86.9 EBITDA Operated unde
Slide 22: Finance
22 Q1 2026 – Investor Presentation FINANCE
Slide 23: Established Heritage, Strong Financial Services Platform
Established Heritage, Strong Financial Services Platform + YEARS With over 35 years of market experience, we continue to Q1 2026 – Investor Presentation deliver strong financial solutions Revenue EBITDA 429,9 mn TRY 70,7 mn TRY (Q1 2025: 574,2 mn TRY) (Q1 2025: 139,1 mn TRY) Total Assets Under Globa
Slide 24: Appendix
24 Q1 2026 – Investor Presentation APPENDIX
Slide 25: GIH Group Companies 2026 Guidance
GIH Group Companies 2026 Guidance Q1 2026 – Investor Presentation Port Infrastructure 2025 2026 Guidance 2 Revenue (mn TL) (exc. IFRIC 12, mn TL) 10,889.0 35-50% Growth Adjusted EBITDA (mn TL) 7,071.2 35-50% Growth Gas (Naturelgaz) 2025 2026 Guidance Revenue (mn TL) 7,075.9 15-30% Growth Operating E
Slide 26: Global Leadership and Long-Term Growth Vision
Global Leadership and Long-Term Growth Vision We are further strengthening our global leadership position through new ports, retail, F&B, and Q1 2026 – Investor Presentation shore excursion operations. 2014-2018: 2019+: 2003-2013: “Global Expansion” “Maturity” Globally The Future “Origins” Establish
Slide 27: Strategic Port Portfolio Supporting Global Leadership
Strategic Port Portfolio Supporting Global Leadership Our portfolio, strategically positioned in high-volume cruise destinations, forms the foundation of our leadership in the global cruise market Q1 2026 – Investor Presentation 5 Largest Cruise Ports in The Caribbean (MM Pax, 2025) 5 Largest Cruise
Slide 28: Strong Global Inorganic Growth Potential
Strong Global Inorganic Growth Potential Projects across diverse geographies and at various stages of development support our portfolio Q1 2026 – Investor Presentation and underpin our long-term growth strategy. Project Funnel Project Screening / Pre-Feasibility Due Diligence / MoU Concession Agreem
Slide 29: Premium Destination Experiences and Shorex Development Projects
Premium Destination Experiences and Shorex Development Projects Q1 2026 – Investor Presentation San Juan (Puerto Rico) St Lucia (Caribbean) Sulphur Springs Premium Spa & Wellness Project Vintage Hop-On Vintage Stanley Hop-Off Buses Taxis Antigua (Caribbean) Athol Island (Bahamas) Miller Beach – Prem
Slide 30: Ongoing Investments Focused on Retail and Ancillary Revenue Growth
Ongoing Investments Focused on Retail and Ancillary Revenue Growth Q1 2026 – Investor Presentation Antigua Cruise Port (Caribbean) Nassau Cruise Port (Bahamas) The Shopping Village is scheduled to open in Q4 • Expansion of an additional building dedicated to retail space 2026 • 2 new retail stores S
Slide 31: Broad-Based Growth
Broad-Based Growth Strong increase in revenue and EBITDA driven by contributions from core business lines Q1 2026 – Investor Presentation Revenue (mn TRY as per IAS29)1 691 184 - 10.1 -0.3 -146.8 -145.8 7,415 6,842 Q1 2025 Ports Power Gas Mining Real Estate Brokerage, Asset Q1 2026 Mngmnt.&Others 1R
Slide 32: Operational Profitability Strongly Translates into Net Income
Operational Profitability Strongly Translates into Net Income Net Income 23% increase in net income despite depreciation impact Growth; Q1 2026 – Investor Presentation 23% Q1 2025 – Q1 2026 Net Income (mn TRY) 59.0 - 935.9 73.9 3,158.1 - 709.6 - 935.9 709.6 Q1 2026 Depreciation Fx gain/ (loss), Inte
Slide 33: Consolidated Balance Sheet
Consolidated Balance Sheet (Mn TRY) Q1 2026 – Investor Presentation Total Assets Total Shareholders’ Equity 107.7bn TRY 23.7bn TRY (31.03.2026) (31.03.2026) Balance Sheet LIABILITIES (TL Million) 31 Mar 2026 31 Dec 2025 Short term liabilities 18.214,3 18.366,9 ASSETS Financial debt 12.188,2 11.990,5
Slide 34: Income Statement
Income Statement (Mn TRY) Q1 2026 – Financial Presentation (TL Million) Q1 2026 Q1 2025 Total gross revenues 7.812,6 7.896,0 Cost of sales and services -4.236,8 -4.855,2 Gross profit 3.575,9 3.040,7 Operating expenses -1.475,0 -1.454,9 Other operating income/(loss), net 92,2 304,0 Equity pickup asse
Slide 35: Disclaimer
Disclaimer The information contained in this presentation has not been independently verified. No representation or Q1 2026 – Investor Presentation warranty, express or implied, is made as to the fairness, accuracy, completeness, or correctness of the information or opinions contained herein. This d
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