Dogan Sirketler Grubu Holding A.s. · BIST:DOHOL
Dogan Sirketler Grubu Holding A.s — Investor Presentation (April 2012)
29 slides from Dogan Sirketler Grubu Holding A.s's investor presentation, April 2012
Slide 1: Doğan Holding Investor Presentation – April 2012
DOĞAN HOLDING Investor Presentation – April 2012 11
Slide 2: Company Name and Key Facts
Company Name DOĞAN ŞİRKETLER GRUBU HOLDİNG A.Ş. Date of Establishment 22 09 1980 22.09.1980 Share Capital 2.450.000.000 Listing Istanbul Stock Exchange Ticker Symbol DOHOL Address Burhaniye Mah. Kısıklı Cad. No:65 Üsküdar - İSTANBUL Web Site www.doganholding.com.tr E-mail ir@doganholding.com.tr Phon
Slide 3: Agenda
Agenda 1. Doğan Group in Brief 2. Media Investments 3 Other Investments 3. • Energy • Industry I d t • Tourism 3
Slide 4: Doğan Group in Brief
Doğan Group in Brief ¾ 50 years of investment know-how and reputation ¾ Media continues to be the core business of the Group ¾ Turkey’s market leader in TV, Newspapers and Magazines ¾ Exposure to Strong Ad Growth ¾ Partnership with 8 multinational group ¾ Presence in 17 different countries ¾ Current
Slide 5: Strategic Partnerships
Strategic Partnerships Books Publishing - JV TV Channels - JV Broadcasting - Partnership M Magazines i - JV Revenues Sharing g Technology Partnerhship Financial Partners Electricity Generation 5
Slide 6: Investments
Investments ğ Şirketler Doğan k l Grubu b Holding ld A.Ş. 33% Free Float <DOHOL> Mcap US$1,152 m Media Energy Industry Tourism Retail 75.59% 99.99% 78.69% 98.68% 99.99% Doğan Yayın Doğan Enerji Çelik Halat Milta D&R* Holding <CELHA> <DYHOL> Mcap US$40m > Marina & ¾Music & > OIL & GAS p : US$841 m Mc
Slide 7: Shareholders and Share price
Shareholders and Share price Total Share Capital Æ TL 2,450,000,000 Shareholder Structure Dogan Holding Stock Performance TL Daily Trading Volume (TL mn) Close TL mn 1.4 300 April 11, 2012 1.2 250 1.0 Share price TL0.85/US$0.47 200 08 0.8 Mcap (mn) TL2 082/US$1 152 TL2,082/US$1,152 150 0.6 100 52 wk
Slide 8: Financial Summary
Financial Summary Media generates 91% of total revenues. revenues Consolidated Revenues (TL m) Consolidated EBITDA (TL m) 2,519 2,867 256 234 225 187 2,285 2,612 2010 2011 2010 2011 Media Other 8
Slide 9: Balance Sheet - Summary
Balance Sheet - Summary C Consolidated lid t d Balance B l Sheet Sh t Summary S C Consolidated lid t d Net N t Cash C h Position P iti in TL mn 12/31/2011 12/31/2010 Δ (TL mn) Se 16, 2011 Dec 31, 2011 Current Assets 4,993 4,772 5% Non Current Assets 3,655 3,261 12% Cash & Marketable 3 660 3,660 Secu
Slide 10: Consolidated Income Statement - Summary
Consolidated Income Statement - Summary in TL mn 2011 2010 Δ YoY Sales 2,867 2,519 14% Gross Profit 807 666 21% Gross Margin 28.1% 26.4% 1.7 p.p. EBIT 25 -8 n.m. EBIT Margin 0.9% -0.3% 1.2 p.p. Other Income/(Expense),net -1,117 -175 n.m. Financial Income/(Expense),net 197 -33 n.m. Profit Before Tax
Slide 11: Agenda
Agenda 1. Doğan Group in Brief 2 Media Investments 2. 3. Other Investments • Energy E • Industry • Tourism 11
Slide 12: Media - Doğan Yayın Holding in Summary
Media - Dogan Yayın Holding in Summary Market Leader in TV, Newspapers and Magazines in Turkey. Over 5 mn daily readers with 5 Newspapers; Market leader in newspaper circulation with 24% share Over 7 mn circulation pa with 26 Magazines Market leader in magazine circulation with 33% share
Slide 13: Media – Restructuring at Doğan Yayın Holding
Media – Restructuring at Dogan Yayın Holding Major j Assets Assets in Current position Expected Outcome Pre-Restructuring consideration Publishing • DYH’s markets share in newspaper Milliyet and Vatan circulation reduced to 24% in FY11 titles sold to throughg Milliyet y and Vatan sale. • Milliyet an
Slide 14: Media – Advertising Market
Media – Advertising Market Turkish ad market continued its upward p trend in FY11 with a yyoyy increase of 14%. Following weak TL and global concerns, 2H11 ad growth slowed down, total ad market growth in 4Q11 was 13%. Amongg the topp 10 sectors in ad spending, p g, real estate and communicati
Slide 15: Media – Consolidated Revenues & EBITDA
Media – Consolidated Revenues & EBITDA DYH Consolidated Revenues Consolidated revenues +14% were up by 14%, with the 2,880 2,559 2,435 2,614 support of ad revenues and 2,289 2,110 printing & other revenues. 1 712 1,712 TL mn n 2005 2006 2007 2008 2009 2010* 2011* * 2010 & 2011 figures exclude Repo
Slide 16: Media – Consolidated Ad Growth by Segment
Media – Consolidated Ad Growth by Segment (TL mn) FY10 FY11 Δ YoY Publishing A 632 699 11% Hurriyet Grup excluding TME 353 387 10% TME 169 189 12% Dogan Gazetecilik 88 93 5% Magazines 23 27 16% DMG International 11 11 5% Other 2 0 ‐100% Interseg. Elim. (‐) ‐14 ‐8 n.m. Broadcasting 552 631 14% Doğan
Slide 17: Media – Publishing Segment
Media – Publishing Segment Newspaper Circulation Magazine Circulation Circulation Market (‘000 copies daily) FY10 FY11 Share Dogan Burda & Dogan Egmont Hürriyet 449 435 9.1% Net Circulation (Units m m)) in FY11 Hü 10 ürriyet 0.4% Daily News 6 5 0.1% Radikal 57 55 1.2% Posta 495 473 9.9% Gazetecilik
Slide 18: Media – Publishing Revenues & EBITDA
Media – Publishing Revenues & EBITDA DYH Publishing Revenues 1,581 1,466 +18%% 1,348 1,415 Ad revenues continue to 1,144 1,202 grow in FY11, up by 9% yoy. 1,084 Higher newsprint prices TL mn led to a drop in margins (averaged at US$759/ton in FY11, up by 20% yoy in US$$ terms).) Milliyet and Va
Slide 19: Media – Broadcasting Segment
Media – Broadcasting Segment FTA Channels Digital Platform Audience Share FY11 (%) D-Smart Statistics (in thousands) Prime Total Pay TV Subscribers Free-TV Users Total Users 1,439 Audience Share Ti Time D Day 1,248 1,112 Kanal D 19.8 14.3 423 607 918 270 85 Star TV* 7.6 7.3 388 0 833 842 825 832 Sho
Slide 20: Media – Broadcasting Revenues & EBITDA
Media – Broadcasting Revenues & EBITDA DYH Broadcasting Revenues 11% 846 Broadcasting ad revenues 762 760 continue to grow; 11% yoy in 703 683 570 FY11, following 36% surge in 2010. TL mn 346 Following Star TV sale, 2010 and 2011 figures exclude discontinued operations. 2005 2006 2007 2008 2009
Slide 21: Media – Retail Segment
Media – Retail Segment* D&R, D&R celebrating its 15th anniversary this year, year offers books, books music, music movies, movies magazines and games, as well as hobby, multimedia and electronic products, accessories and stationery at its 114 stores in 24 cities. As of FY11-end, D&R reached 114
Slide 22: Media – Retail Revenues & EBITDA
Media – Retail Revenues & EBITDA DYH Retail Revenues 575 Retail revenues increased 434 by 7%, despite lower 410 352 344 revenues from pre-paid card TL mn 322 sales. D&R’s revenues increased by 27% in FY11, yoy. 2006 2007 2008 2009 2010 2011 Margins remain stable due EBITDA 0.7% -0.2% -4.4% 0.6
Slide 23: Agenda
Agenda 1. Doğan Group in Brief 2 Media 2. M di Investments I t t 3. Other Investments • Energy • Industry • Tourism 23
Slide 24: Energy - Doğan Enerji - Power Generation
Energy - Doğan Enerji - Power Generation Boyabat y HEPP Aslancık HEPP Key Data Key Data Installed Capacity: 510 MW Installed Capacity: 120 MW Configuration: 3X170MW Configuration: 2X60MW Fuel: Hydro Fuel: Hydro Type: Dam Type: Dam Generation: 1.5 TWh Generation: 418 GWh Investment: 1,25 billion USD
Slide 25: Energy - Doğan Enerji
Energy - Doğan Enerji Gas Plus Erbil Doğan Enerji owns 50% of Gas Plus Erbil (“GPE”) GPE holds 40% interest in Erbil Production Sharing Contract with 20+5 years of Development and Production Period Declaration of Commerciality of the Benenan and Bastora Discoveries filed on 25 June 2011 Gros
Slide 26: Industry
Industry Çelik Halat Ç Ditaş ş Doğan ğ Steel Ropes, industrial high carbon galvanized wires, finishing Rods and parts to the vehicle manufacturers (OEM) and galvanized wires, industrial spring wires, bed wires and pre- spare parts (IAM) stressed wires and strands manufacturer Suppliers of 42 c
Slide 27: Tourism - Milta
Tourism - Milta Marina Resort Management Located on Bodrum City Center 2 Hotels in Bodrum and in Antalya Kemerdibi International Marina granted with Gold Award by U.K. Yacht Bodrum Işıl Club Harbour Association Located in Torba on 35.000 sqm land Number of rooms Æ 292 Land status is rented
Slide 28: Appendix / Disclaimer
Appendix / Disclaimer Doğan Şirketler Grubu Holding A.Ş. (“Doğan Holding”) has prepared this book (the “Book”) for the sole purpose of providing information relating to Doğan H ldi (the Holding (th “Information”). “I f ti ”) The Th contents t t off this thi Book B k is i based b d on public bli info
Slide 29: Thank You
Thank You You.. 29 29
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