Haci Omer Sabanci Holding A.s. · BIST:SAHOL

Haci Omer Sabanci Holding A.s — Hacı Ömer Sabancı Holding A.Ş. — Q4 2020 Earnings Presentation

22 slides from Haci Omer Sabanci Holding A.s's earnings presentation, Feb 24, 2021

  1. Slide 1: Q4 2020 Earnings

    #SabancıofNewGeneration Q4 2020 EARNINGS February 24, 2021 1

  2. Slide 2: Disclaimer

    Disclaimer The information and opinions contained in this document have been compiled by Hacı Ömer Sabancı Holding A.Ş. (“Holding”) from sources believed to be reliable and in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or correctne

  3. Slide 3: 2020 Highlights

    2020 Highlights Sharp improvement in non-bank results during an unprecedentedly challenging year Robust B/S, rock-solid cash flow generation, maintained deleveraging, a record-high non-bank ROE Continue to keep all COVID-19 measures in place, closely watching vaccine rollout 3

  4. Slide 4: 2020 / Remarkable performance in a challenging environment

    2020 / Remarkable performance in a challenging environment Combined Revenue* Combined EBITDA* Consolidated Net Income* (TL mn) (TL mn) (TL mn) Non-bank** Non-bank** Non-bank** Bank*** +8% Bank +23% Bank* +34% 20,429 5,208 103,463 96,052 16,587 37,976 3,879 41,278 9,466 2,760 7,549 2,227 65,487 54,77

  5. Slide 5: 2020 / Outstanding cash flow generation & continued deleveraging

    2020 / Outstanding cash flow generation & continued deleveraging Operational Cash Flow, Combined for Non-Bank* Combined Net Financial Debt to Non-Bank EBITDA** (TL bn) Deleveraging despite Akbank 10.7 4.0x capital CAGR: increase +25% 9.5 3.7x 3.1x 2.3x 5.6 2.2x 4.6 4.1 1.5x 3.6 2015 2016 2017 2018 2

  6. Slide 6: Q4 2020 / Successfully captured swift economic activity

    Q4 2020 / Successfully captured swift economic activity Combined Revenue* Combined EBITDA* Consolidated Net Income* (TL mn) (TL mn) (TL mn) Non-bank** Non-bank** Non-bank** Bank*** Bank Bank* +15% +34% +29% 28,216 5,291 1,208 24,569 10,157 3,953 934 9,935 2,562 756 1,857 541 18,059 14,633 2,729 2,09

  7. Slide 7: 2020 / A record-high non-bank ROE

    2020 / A record-high non-bank ROE Return on Equity* Holding Only - Net cash position (TL bn) 13.7% 17.1% 9.3% 8.4% 13.1% 2.6 7.3% 16.2% 16.0% 13.6% 10.9% 10.9% 12.1% 1.7 1.7 14.5% 13.7% 14.5% 1.1 1.1 12.7% 12.2% 10.1% 0.6 2015 2016 2017 2018 2019 2020 2015 2016 2017 2018 2019 2020 Sahol Cons. ROE Ba

  8. Slide 8: Combined Revenues, Q4 / Non-bank growth driven by Energy, Retail & Industrials

    Combined Revenues, Q4 / Non-bank growth driven by Energy, Retail & Industrials Combined Revenue* (TL mn) Combined Revenue* Breakdown 288 OTHER 1,228 1% 235 2,085 BUILD MAT. 886 4% FIN. SERV.. 1,719 4,174 7% 2,999 2.761 INDUST. BANK 10% 2,172 36% OTHER BULD. MAT. 7,522 28.2 6,622 FIN. SERV. RETAIL BN

  9. Slide 9: Combined EBITDA, Q4 / Strong performance across the board

    Combined EBITDA, Q4 / Strong performance across the board Combined EBITDA* (TL mn) Combined EBITDA* Breakdown OTHER 23 0,40% 232 221 BUILD. MAT FIN. SER. 322 4% 4% 516 RETAIL** 123 6% 193 138 345 1,416 INDUST. 10% OTHER 1,314 5.3 BANK BULD. MAT. 48% FIN. SERV. BN TL RETAIL** INDUSTRIALS** 2,562 ENER

  10. Slide 10: Consolidated Net Income, Q4 / Solid EBITDA performance & well-managed financing

    Consolidated Net Income, Q4 / Solid EBITDA performance & well-managed financing activities Consolidated Net Income* (TL mn) Consolidated Net Income* Breakdown 44 62 OTHER 49 -5% BUILD MAT. 131 FIN. SER.4% 5% 61 RETAIL** 2 62 221 4% 88 INDUST. OTHER 217 11% 1.2 BULD. MAT. FIN. SERV. BN TL BANK 63% RE

  11. Slide 11: Energy / Successful performance despite COVID-19-driven demand volatility

    Energy / Successful performance despite COVID-19-driven demand volatility Energy Segment Summary Financials* MILLION TL Q4 2019 Q4 2020 % Change 12M 2019 12M 2020 % Change SALES 6,622 7,522 14% 26,013 31,103 20% Current Assessment EBITDA** 1,314 1,416 8% 5,952 6,838 15% Distribution & Retail: EBITDA

  12. Slide 12: Financial Services (Insurance) / Maintaining strong top-line growth

    Financial Services (Insurance) / Maintaining strong top-line growth Financial Services (pension & insurance) Summary Financials* MILLION TL Q4 2019 Q4 2020 % Change 12M 2019 12M 2020 % Change SALES 1,719 2,085 21% 5,461 6,604 21% Current Assessment EBITDA** 193 221 14% 697 999 43% Pension: Strong re

  13. Slide 13: Building Materials / Bounce back in domestic market continued in 4Q

    Building Materials / Bounce back in domestic market continued in 4Q Building Materials Summary Financials* MILLION TL Q4 2019 Q4 2020 % Change 12M 2019 12M 2020 % Change Current Assessment SALES 886 1,228 39% 3,552 4,238 19% EBITDA** 123 232 88% 548 764 39% Higher sales volume & prices NET INCOME**

  14. Slide 14: Retail / Turnaround in the era of COVID-19

    Retail / Turnaround in the era of COVID-19 Retail Summary Financials* MILLION TL Q4 2019 Q4 2020 % Change 12M 2019 12M 2020 % Change SALES 2,999 4,174 39% 10,523 13,522 28% Current Assessment EBITDA** 259 448 73% 806 1,135 41% EBITDA**-Comparable 138 322 68% 341 640 87% Solid top line growth NET INC

  15. Slide 15: Industrials / Solid demand growth strengthened profitability

    Industrials / Solid demand growth strengthened profitability Industrials Summary Financials* MILLION TL Q4 2019 Q4 2020 % Change 12M 2019 12M 2020 % Change Current Assessment SALES 2,258 2,761 22% 9,691 8,674 -10% SALES-Comparable 2,172 2,761 27% 8,696 8,674 0% Demand recovery boosted tire & tire EB

  16. Slide 16: Bank / Well positioned to remain healthy & profitable

    Bank / Well positioned to remain healthy & profitable Summary Combined Financials MILLION TL Q4 2019 Q4 2020 % Change 12M 2019 12M 2020 % Change Achievements REVENUE 9,935 10,157 2% 41,278 37,976 -8% EBITDA 1,857 2,562 38% 7,549 9,466 25% Maintained solid core operating NET INCOME* 1,327 1,855 40% 5

  17. Slide 17: Capital Allocation and Mid-term Guidance

    Capital Allocation and Mid-term Capital Allocation and Mid-term Guidance / Sabancı Mid-term guidance Guidance 01 Growth Mid-term 02 Capital Return 03 Sustainability 2014-19 targets Revenue growth CPI2 + 6% CPI1 + 8% Zero Waste Dividend payment Net Zero Emissions EBITDA3 growth CPI2 + 8% CPI1 + 10% H

  18. Slide 18: Appendix

    APPENDIX 18

  19. Slide 19: Appendix / Financials in detail

    Appendix / Financials in detail Combined Revenue* (TL mn) Combined EBITDA* (TL mn) Consolidated Net Income* (TL mn) MILLION TL Q4 2019 Q4 2020 % Change 12M 2019 12M 2020 % Change Q4 2019 Q4 2020 % Change 12M 2019 12M 2020 % Change Q4 2019 Q4 2020 % Change 12M 2019 12M 2020 % Change TOTAL* 24,655 28,

  20. Slide 20: Appendix / Sabancı Holding Discount to NAV

    Appendix / Sabancı Holding Discount to NAV USD mn Direct Dec-2020 Dec-2019 NAV Discount Stakes (%) Valuation Method Mcap Value of Stake % of NAV Value of Stake % of NAV Dec-2020 Dec-2019 Dec-2018 Companies Akbank 40.8% Market Value 4,854 1,978 33.6% 2,891 46.5% Enerjisa Enerji 40.0% Market Value 1,9

  21. Slide 21: Appendix / IFRS16 & IFRIC12 Impact on Financials

    Appendix / IFRS16 & IFRIC12 Impact on Financials In accordance with In IFRS16, most leased items with a duration longer than one year have to be included as an asset in the company books. In addition, the payments that will be made on the lease agreement have to be reported as a liability on the bal

  22. Slide 22: Thank You / Investor Relations

    INVESTOR RELATIONS THANK YOU CONTACTS Kerem TEZCAN Investor Relations Director ktezcan@sabanci.com Şule GENÇTÜRK KARDIÇALIOĞLU Investor Relations Specialist skardicalioglu@sabanci.com investor.relations@sabanci.com

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