Haci Omer Sabanci Holding A.s. · BIST:SAHOL
Haci Omer Sabanci Holding A.s — Hacı Ömer Sabancı Holding A.Ş. — Investor Presentation (December 2021)
30 slides from Haci Omer Sabanci Holding A.s's investor presentation, December 2021
Slide 1: Investor Presentation: Group Strategy
INVESTOR PRESENTATION GROUP STRATEGY December 2021
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
Slide 3: Agenda
01 Financial Track Record 02 Capital Allocation 03 Strategic Business Units & Digital 04 Mid-Term Guidance 3
Slide 4: Solid & consistently improving financial performance
Financial Track Record Solid & consistently improving financial performance… Combined Revenue* (TL Bn) Combined EBITDA* (TL Bn) Consolidated Net Income* (TL Bn) Non-bank** Bank Non-bank** Bank Non-bank** Bank CAGR: Y/Y: CAGR: Y/Y: CAGR: Y/Y: 18% 33% 18% 38% 17% 45% 104.0 20.9 20.8 97.6 100.1 5.8 88.
Slide 5: Improvement in earnings quality & non-bank ROE
Financial Track Record …coupled with remarkable improvement in earnings quality & non-bank ROE Return on Equity* Free Cash Flow (bn TL) & Cash Conversion* 17.5% 17.1% 16.7% 13.7% 13.1% 8.4% 9.3% 69% 74% 16.8% 41% 14.5% 14.5% 35% 7.7 13.9% 13.7% 12.7% 12.2% 6.0 3.5 1.8 -0.8 2016 2017 2018 2019 2020 9
Slide 6: Deleveraging while maintaining higher dividends & net cash position
Financial Track Record …resulted in deleveraging while maintaining higher dividends & net cash position Dividends Paid (TL Mn) Holding Only - Net cash position (TL bn) Combined Net Financial Debt to DPS (TL) Non-Bank EBITDA* 0.35 Annual: CAGR: 0.33 8% 18% 0.30 0.30 2.6 0.20 3.7x 0.15 3.1x 714 1.9 67
Slide 7: Capital Allocation
01 02 Capital Allocation
Slide 8: Doubling CAPEX to accelerate organic and inorganic growth
Capital Allocation Doubling CAPEX to accelerate both organic and inorganic growth… DOUBLING CAPEX | 25/75 SPLIT BETWEEN CORE & NEW INVESTMENTS Grow and Protect the Core Invest in New Platforms ➲ Strengthen our market leading positions ➲ Increasing share of new economy: ➲ Profitable growth driven by
Slide 9: Coherent strategic plan on core and new platforms
Capital Allocation …with a coherent strategic plan on core and new platforms… We unite Turkey and the World Purpose for a sustainable life with leading enterprises Strategic Provide wider Transform into an agile Pioneer in Lead in digital & Adapt to direction customer experience global / local footp
Slide 10: Accelerating strategic decisions in 2021 to maximize shareholder returns
Capital Capital Allocation …and accelerating strategic decisions in 2021 to maximize shareholder returns… Dynamic Portfolio Management Completion of the Transfer Network Optimization Announcement & Initiation of of Aviva Shares to Ageas: in Building Materials Business: Share Buyback Program: New par
Slide 11: Prioritizing ESG to transform our portfolio for the future
Capital Allocation …while prioritizing ESG to transform our portfolio for the future we transform the core BBB MSCI ESG Rating …and grow in sustainable platforms Among our growth platforms… TL 5.9 BN1 44%2 SDG-linked net sales revenues SDG-oriented R&D 87% 3 12.5GWh 2x 19% 4 E-mobility Electrificati
Slide 12: Strategic Business Units & Digital Roadmap
03 Strategic Business Units & Digital Roadmap 12
Slide 13: Energy SBU's Strategy House 2021-2026
Strategic Business Units Energy SBU’s Strategy House 2021-2026 Pioneer in Turkey Beyond Power: Green, Sustainable and Digital 1 PROTECT AND GROW THE CORE 2 TRANSFORM Renewable Generation Growth Evaluating Opportunities Within the Natural Gas Value Chain • Additional Wind and Solar Projects • Hybrid
Slide 14: Energy SBU's Future Vision
Strategic Business Units Energy SBU’s Future Vision Preparing For a Sustainable Future With Valuable Competencies 2020 FUTURE Well-positioned energy portfolio in a vertical way (generation, trading, Sustained market leadership position through aggressive growth in distribution and retail) core busin
Slide 15: Industrials SBU's Strategy House 2021-2026
Strategic Business Units Industrials SBU’s Strategy House 2021-2026 Grow into an Advanced Material Group Strengthen our core in Mobility Provide wider customer experience 1 PROTECT AND GROW THE CORE 2 TRANSFORM Strengthen Export and International Sales Advanced Materials Growth • New Operating model
Slide 16: Industrials SBU's Future Vision
Strategic Business Units Industrials SBU’s Future Vision Growing into Advanced Materials Group 2020 FUTURE Established mobility group Sustainable chemicals buy & build in addition to the composites Strategic supplier to all tire producers Growth in composites uses beyond aerospace and expand beyond
Slide 17: Building Materials SBU's Strategy House 2021-2026
Strategic Business Units Building Materials SBU’s Strategy House 2021-2026 From Pure Cement to Building Materials From Local to Glocal, From Grey to Green 1 PROTECT AND GROW THE CORE 2 TRANSFORM Network Optimization and Integration New Growth and Diversification • Expand in calcium aluminate Strengt
Slide 18: Building Materials SBU's Future Vision
Strategic Business Units Building Materials SBU’s Future Vision Transformation into a Global Building Materials Group 2020 POST BUNOL FUTURE 55% FX based revenue generation >70% FX based revenue generation Higher FX based revenue generation 5% Revenue from international operations >15% Revenue from
Slide 19: Financial Services SBU's Strategy House 2021-2026
Strategic Business Units Financial Services SBU’s Strategy House 2021-2026 To become the leading new generation insurance services provider 1 PROTECT AND GROW THE CORE 2 GROW INTO ADJACENCIES Act as a multi-line insurer with Aksigorta & Agesa Reconfigure health insurance business for growth Develop
Slide 20: Financial Services SBU's Future Vision
Strategic Business Units Financial Services SBU’s Future Vision Smart and Sustainable Growth Towards 2026 2020 FUTURE Agesa, leadership position in Pension & AE AUM: #3 player in total Leadership & growth in savings and protection life and personal accident Profitable growth and strengthened market
Slide 21: Akbank's bifocal strategy
Strategic Business Units Akbank’s bifocal strategy Run the Bank Crafting the future Risk & return focused sound growth Create superior customer experience Robust capital Leverage digitization & advanced analytics Best-in-class efficiency Sustainable high profitability Invest in our people and the fu
Slide 22: ESG Strategy: Mitigate environmental footprint while increasing positive impact
Strategic Business Units ESG Strategy: Mitigate environmental footprint while increasing positive impact Sustainable Finance Ecosystems Management • Responsible Products & Services • Digitalization • Impact Investing • Financial Inclusion To be the leading bank that drives Turkey into the future Peo
Slide 23: Digital Investments to Untapped Potential
Digital Roadmap Digital Investments to Untapped Potential Digital Accelerators The leading digital and analytics solutions & A Digital Ce Retail Platform With product company in the region Physical Presence & Human Touch Transforming from a "traditional retailer" to a digital / Marketplace platform
Slide 24: Mid-Term Guidance
OQBaAncI 04 | Mid-Term Guidance
Slide 25: Future Growth Underpinned By Capital Return and Sustainability
Mid-term Guidance Future Growth Underpinned By Capital Return and Sustainability 01 Growth 02 Capital Return 03 Sustainability Mid-term 2015-2020 targets Revenue growth CPI2 + 4% CPI1 + 8% Dividend policy Zero Waste 5%-20% of net income Net Zero Emissions by 2050 EBITDA3 growth CPI2 + 8% CPI1 + 10%
Slide 26: Time to invest for an accelerating growth theme
Capital Allocation Time to invest for an accelerating growth theme 1 STRONG FINANCIAL TRACK RECORD & HEALTHY BALANCE SHEET… 2 …PAVING THE WAY TO ACCELERATE GROWTH 3 …BY SOUND AND COHERENT INVESTMENT STRATEGY 4 …UNDER A CLEAR INVESTMENT CRITERIA 5 …TO FOSTER SHAREHOLDER RETURN 26
Slide 27: Appendix
APPENDIX 27
Slide 28: Appendix / Dividend Performance
Appendix / Dividend Performance TL mn 2016 2017 2018 2019 2020 2021 Akbank 245 367 652 - - 255 Akçansa 102 94 51 61 18 42 Aksigorta - - 40 73 73 110 Agesa 12 9 19 40 64 64 Brisa 68 - - - 12 107 Carrefoursa - - - - - Çimsa 99 95 33 - - Kordsa 43 41 48 48 35 Teknosa - - - - - Yünsa 2 - - 3 - Enerjisa
Slide 29: Appendix / Sabancı Holding Discount to NAV
Appendix / Sabancı Holding Discount to NAV USDmn September 2021 December 2020 Companies Direct Stakes Valuation Method Mcap Value of Stake % of NAV Value of Stake % of NAV NAV Discount Akbank 41% Market value 3,120 1,271 27.8% 1,978 33.6% Enerjisa Enerji 40% Market value 1,385 554 12.1% 796 13.5% Ak
Slide 30: Investor Relations Contacts
INVESTOR RELATIONS CONTACTS Kerem TEZCAN Investor Relations Director For Further ktezcan@sabanci.com Details ir.sabanci.com Şule GENÇTÜRK KARDIÇALIOĞLU Investor Relations Specialist skardicalioglu@sabanci.com investor.relations@sabanci.com
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