Global Yatirim Holding A.s. · BIST:GLYHO
Global Yatirim Holding A.s — Global Investment Holdings — 6M 2022 Earnings Presentation
24 slides from Global Yatirim Holding A.s's earnings presentation, 2022
Slide 1: Financial Presentation 6M 2022
GLOBAL INVESTMENT HOLDINGS Financial Presentation 6M 2022
Slide 2: Current Portfolio (6M 2022)
Current Portfolio (6M 2022) Brokerage & Asset Ports** Power/Gas/Mining Real Estate Management Revenue: 587.1mn TL Revenue: 1,7 bn TL Revenue: 31.7mn TL Revenue: 136.2mn TL EBITDA: 299.0mn TL EBITDA: 398,4mn TL EBITDA: 12.1mn TL EBITDA: 39.5mn TL Net Debt: 465.9mn USD / Avg. Maturity: 9.4 yrs Net Deb
Slide 3: I – Financial Review
G GLOBAL INVESTMENT HOLDINGS |— FINANCIAL REVIEW
Slide 4: Financial Highlights
Financial Highlights 2022 Net revenues (mn TL) Q2 2022 Q2 2021 6M 2022 6M 2021 % Change 2021 Guidance Gas 777,0 107,3 1.235,0 231,9 432% 692,0 300-400% Growth Power 137,0 89,4 263,1 165,9 59% 368,6 50-100% Growth Mining 87,6 43,5 156,3 72,5 115% 182,6 80-100% Growth Ports 416,6 39,7 587,1 68,6 755%
Slide 5: Financial Highlights: Change in Revenue
Financial Highlights: Change in Revenue Revenue1 (mn TL, 6M 2022 vs. 6M 2021) Global Investment Holdings reported 2.4 bn TL revenues (excluding IFRIC-12 Construction Revenue) in 6M 2022, indicating a robust 285% increase yoy with strong contribution from all business divisions, with the gas divisi
Slide 6: Financial Highlights: Change in Operating EBITDA
Financial Highlights: Change in Operating EBITDA Consolidated Operating EBITDA (mn TL, 6M 2022 vs. 6M 2021) Global Investment Holdings’ consolidated operating EBITDA soared by 565% in 6M 2022 yoy and reached 714.2mn TL, driven by a solid contribution from all business divisions, with the Ports and
Slide 7: Financial Highlights: Change in P&L
Financial Highlights: Change in P&L • GIH reported a consolidated net profit of 81.3mn TL in 6A 2022, compared to a net loss of TL 417.7mn in 6A 2021. The bottom line incorporated TL 406.2mn of non-cash charges of which TL 339.4mn were depreciation and amortization, and TL 66.8mn in net foreign exch
Slide 8: Debt Position - As of 30.06.2022
Debt Position - As of 30.06.2022 Interest Year of Amount Currency Holding standalone debt (TL m) Rate Maturity TL mn US$ mn TL bond TL fixed 2022 83,4 5,0 Secured bank loans TL fixed 2023 4,7 0,3 Secured bank loans EUR fixed 2022 497,6 29,9 Secured bank loans USD fixed 2026 262,6 15,8 Gross debt 848
Slide 9: Net Debt Bridge
Net Debt Bridge 30.06.2022 vs 31.12.2021 (mn $) 9
Slide 10: Net Debt/EBITDA
Borç Tablosu Net Debt/EBITDA o Consolidated Net Debt/EBITDA multiplier declined to 6.7x at 30.06.2022 from 11.6x at the end of 2021. We expect it to decline to 5.2x at the end of 2022. o Excluding the Nassau Net Debt, Net Debt/EBITDA multiplier was 5.1x in June 2022. We expect it to decline to 3.7x
Slide 11: II – Operational Review
G GLOBAL INVESTMENT HOLDINGS ll -— OPERATIONAL REVIEW
Slide 12: Major Developments
Major Developments Ports Power Holding Tarragona Port Authority awarded Global The IPO process of a fully owned The authorized capital ceiling was valid for five years, Ports Holding a 12-year concession, with a subsidiary, Consus Enerji has been expiring by the end of 2022. GIH’s BoD resolved t
Slide 13: III – Financial & Operational Performance by Division
III – FINANCIAL & OPERATIONAL PERFORMANCE BY DIVISION
Slide 14: Gas Division: Naturelgaz
Gas Division: Naturelgaz Naturelgaz Naturelgaz recorded significant growth in 6M 2022 Revenue, EBITDA and Volume Sales volume reached 115.8mn Sm3 in 6M 2022, representing an increase of 30% yoy Citygas sales, whose share in the total sales volume increased gradually in 2021 and 6A 2022, contin
Slide 15: Ports Division: Global Ports Holding Plc (GPH)
Ports Division: Global Ports Holding Plc (GPH) Major cruise lines have returned to service with full fleet capacity in June 2022, while port operations kept gaining acceleration at high speed Occupancy rates improved to average between 80-85% by the end of Q2 2022. Major cruise lines expect occu
Slide 16: Power Division: Distributed Energy, Biomass and Solar
Power Division: Distributed Energy, Biomass and Solar Power generation portfolio of the Group has a combined capacity of 94.1 MW, of which 40.0 MW is from renewable sources (biomass and solar power plants) The Group’s installed capacity in biomass and solar is 29.2MW and 10.8MWp, respectively. A
Slide 17: Power Division: Solar
Power Division: Solar Global Investment Holdings has commissioned its first solar power plant, Ra Solar, with 10.8MWp installed capacity in Mardin in late 2019. The facility completed its first year of operations in 2020, standing out as one of the most efficient plants in the country, with its ge
Slide 18: Mining Division: Straton
Mining Division: Straton The Company realized 270,584 tons of product sales volume in the first half of 2022, up by 14% yoy, mainly due to strong feldspar demand from export markets The Company’s main export markets continued to be Spain, Italy and Egypt. Export related sales volume reached 214,
Slide 19: Real Estate Division: Ardus
Real Estate Division: Ardus The Real Estate division’s revenues include rent revenues and residential/commercial sales revenues The real estate division registered 19.9m TL increase in revenues and 9.7m TL increase in EBITDA in 6M 2022 yoy, with revenues and EBITDA standing at 31.7mn TL and 12.1
Slide 20: 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 21: IV – Appendix
G GLOBAL INVESTMENT HOLDINGS IV — APPENDIX
Slide 22: Balance Sheet
Balance Sheet ~ GLOBAL Mmm INVESTMENT HOLDINGS (TMi 30Jun 2022 31. Dec 2021 ASSETS Current Assets 4,434,2 3.640,2 Cash and Banks 1.7885 1535,9 Marketable Securities, 334,8 176,3 Trade and Other Receivables 1.191,5 801,9 Inventories 159,1 140,2 Other Current Assets (1) 960,3 985,9 Non-current Assets
Slide 23: Income Statement
Income Statement (e GLOBAL INVESTMENT HOLDINGS (TL Million) 6M 2022 6M 2021 Total gross revenues 2.855,28 802,16 Cost of sales and services -2.074,05 -671,27 Gross Profit 781,23 130,89 Operating expenses -421,99 -197,32 Other operating income/(loss), net 123,56 -67,78 Equity pickup asset gains/(loss
Slide 24: 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 — 6M 2022 Earnings Presentation on 6ix