Global Yatirim Holding A.s. · BIST:GLYHO
Global Yatirim Holding A.s — 6M 2025 Earnings Presentation
23 slides from Global Yatirim Holding A.s's earnings presentation, August 2025
Slide 1: Global Investment Holdings Financial Presentation 6M 2025
GLOBAL INVESTMENT HOLDINGS Financial Presentation 6M 2025
Slide 2: Corporate Portfolio (30.06.2025)
Corporate Portfolio (30.06.2025) Ports Power Gas Mining Finance Real Esate GFS HOLDING A.Ş. 90.4% 51.0% 60.0% 97.7% 66.6% 100% ▪ Van's first ▪ The world's largest ▪ Co/Tri generation: ▪ Turkey’s & Europe’s ▪ One of Turkey’s ▪ AUM: 142bn TL (6M shopping centre independent cruise 62.4 MW installed lea
Slide 3: I – Financial Review
G GLOBAL INVESTMENT HOLDINGS |- FINANCIAL REVIEW
Slide 4: Financial Highlights (without IAS29)
Financial Highlights (without IAS29) Total Consolidated Revenues (mn TL) Total Consolidated EBITDA (mn TL) 4,211 10,109 %49 %60 6,772 2,631 6M 2024 6M 2025 6M 2024 6M 2025 4
Slide 5: Financial Highlights (in USD terms)
Financial Highlights (in USD terms) Consolidated Revenues* Consolidated EBITDA Consolidated Net Income (mn USD) (mn USD) (mn USD) 270.1 112.1 20% 27% 33.7 60% 88.3 225.3 21.1 6M 2024 6M 2025 6M 2024 6M 2025 6M 2024 6M 2025 *Excluding IFRIC12 The conversion was made using the period-end exchange rate
Slide 6: Financial Highlights
Financial Highlights as per IAS29 without IAS29 2 Net revenues (mn TL) Q1 25 Q2 25 6M 25 6M 24 2 % Change Q1 25 Q2 25 6M 25 6M 24 % Change Gas 2,322.3 1,323.8 3,646.1 3,142.2 16% 2,190.7 1,218.0 3,408.8 2,115.1 61% Power 470.9 365.8 836.7 833.5 0% 444.2 339.0 783.2 570.2 37% Mining 149.9 196.4 346.3
Slide 7: Financial Highlights (as per IAS29): Change in Revenue & EBITDA
Financial Highlights (as per IAS29) Change in Revenue & EBITDA Revenue (mn TL)1 1Revenues exclude the impact of IFRIC 12 on Cruise Ports amounting to 1,671mn TL for 6M 2025 and 587mn TL for 6M 2024 as per IAS 29 EBITDA (mn TL) 7
Slide 8: Financial Highlights: Change in P&L, Record Net Income
Financial Highlights: Change in P&L Record Net Income ▪ GIH reported a consolidated net profit of TL 1339.1mn in 6M 2025, compared to a net profit of TL935.2mn in 6M 2024, indicating 43% increase yoy. The bottomline incorporated TL 1253.1mn of non-cash expense, of which TL 1482.5mn were depreciation
Slide 9: Debt Structure (as per IAS29)
Debt Structure 1 (as per IAS29) Interest Year of Amount Holding standalone debt (TL m) Currency Rate Maturity TL mn US$ mn Secured bank loans TL fixed 2026 40,0 1,0 Secured bank loans EUR fixed 2025 1.054,4 26,5 Secured bank loans USD fixed 2026 1.536,7 38,7 Gross debt Holding stand alone 2.631,2 66
Slide 10: Debt Structure (as per IAS29)
Debt Structure 2 (as per IAS29) GIH Consolidated Gross Debt St Lucia Project Financing Ports (Other) 2% 12% GIH Consolidated Maturity Other GIH Consolidated Gross <15yr 22% Maturity ≥15 years Total Debt: Debt: 1.4mia USD 911.3mn USD San Juan Project Financing • GPH: Consolidated Gross Debt 13% Matur
Slide 11: Net Debt/EBITDA (as per IAS29)
Net Debt/EBITDA (as per IAS29) ➢ Net Debt/EBITDA as of 6M 2025: ➢ On a consolidated basis: 4.6x ➢ Excluding all port groups: 3.4x ➢ Excluding consolidated borrowings with maturities of 15 years or longer.: 2.2x 11
Slide 12: III – Financial & Operational Performance by Division
III – FINANCIAL & OPERATIONAL PERFORMANCE BY DIVISION
Slide 13: Ports Division: Global Ports Holding (GPH)
Ports Division: Global Ports Holding (GPH) Total Calls Cruise Occupancy Ratio 3,182 115% 113% 566 550 550 542 2,472 107% 107% 108% 106% 104% 109% 104% 100% 498 495 489 476 463 95% 95% 107% 104% 106% 105% 106% 406 313 306 Jan Feb Mar Apr May Jun Jan-Jun 2024 2025 Jan Feb Mar April May June July Aug S
Slide 14: Ports Division: Global Ports Holding (GPH)
Ports Division: Global Ports Holding (GPH) Revenue (mn TL)1 Revenue (mn USD)1 ▪ The strong momentum in the cruise industry continued in both 122 quarters. Leading cruise lines reported financial and operational results for the first half of 2025 that exceeded expectations, and 4,858 102 4,524 7% 20%
Slide 15: Gas Division: Naturelgaz
Gas Division: Naturelgaz Volume (mn sm3) ▪ Sales volume reached 195,2mn Sm3 in 6M 2025, representing an increase of 25% YoY, mainly driven by city 195 gas segment. 156 25% ➢ Citygas sales volume increased by 50% YoY, reaching 139,1 million Sm³. ▪ Revenues from the gas segment reached TL 3,646 millio
Slide 16: Power Generation: Distributed Energy, Biomass and Solar
Power Generation: Distributed Energy, Biomass and Solar Total Generation (GW) ▪ Total electricity generation in H1 2025 increased by 16% YoY, reaching 274 GWh. This growth was largely driven by the distributed 16% 274 236 energy segment, supported by an improved margin between electricity and natura
Slide 17: Mining Division: Straton
Mining Division: Straton Volume (tons) 174,760 48% 118,291 ▪ Supported by the increase in feldspar demand from the international markets, the Company achieved a sales volume of 174,760 tons in H1 2025, representing a 48% increase yoy. ▪ The Company’s main export markets continued to be Spain, Italy
Slide 18: Real Estate Division: Ardus
Real Estate Division: Ardus • The Real Estate division’s revenues include rent revenues and residential/commercial sales revenues. ➢ In H1 2025 the Real Estate segment revenues and EBITDA increased by 9% and 11%, respectively. Revenues stood at TL 141.7 million and EBITDA was TL 65.5 million in H1 2
Slide 19: Asset Management & Brokerage Division
Asset Management & Brokerage Division: Istanbul Asset Management & Global Securities & Global MD ▪ Revenues of the brokerage and asset management division consists of securities brokerage commissions, interest revenues on margin lending transactions, portfolio management fees, proprietary trading re
Slide 20: IV – Appendix
G GLOBAL INVESTMENT HOLDINGS IV — APPENDIX
Slide 21: Balance Sheet
Balance Sheet (TL Million) 30 Jun 2025 31 Dec 2024 ASSETS Current assets 19.906,5 17.516,0 Cash and banks 11.782,5 9.256,1 Marketable securities 1.043,1 1.228,0 Trade receivables and receivables from operations in finance sector 3.981,7 3.962,9 Inventories 589,3 734,9 Other current assets (1) 2.509,
Slide 22: Income Statement
Income Statement (TL Million) 6M 2025 6M 2024 Total gross revenues 12.404,9 10.573,9 Cost of sales and services -7.451,0 -5.921,1 Gross profit 4.953,9 4.652,7 Operating expenses -2.308,6 -2.372,1 Other operating income/(loss), net 419,2 112,2 Equity pickup asset gains/(losses) 108,9 113,5 Gross oper
Slide 23: 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
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