Dogan Sirketler Grubu Holding A.s. · BIST:DOHOL
Dogan Sirketler Grubu Holding A.s — Q3 2024 Earnings Presentation
24 slides from Dogan Sirketler Grubu Holding A.s's earnings presentation, Nov 7, 2024
Slide 1: Doğan Holding 3Q24 Earnings Presentation
Doğan Holding 3Q24 Earnings Presentation November 7, 2024 0 Doğan Holding 3Q24 Earnings Presentation
Slide 2: 3Q24 Highlights
3Q24 Highlights A Period of Ongoing Cost Pressure • Increasing financial contributions driven by Hepiyi Sigorta's rapid growth • Pressure on operating profitability due to rising TL-based costs • Regulatory changes in the automotive sector High Net Cash Position and Solid Balance Sheet • USD 598 mil
Slide 3: Strategic Actions
Strategic Actions • We continue to make significant progress toward reaching a valuation of $1 billion for each of our four Companies. • Galata Wind has increased its capacity to 297MW with ongoing investments and aims to reach 1,086MW by 2026 and after. • Hepiyi Sigorta has reached a portfolio size
Slide 4: 3Q24 Financial Highlights
3Q24 Financial Highlights Revenue EBITDA* Net Income (TL mn) 26% YoY 1,245 24,146 19,119 1,024 -988 -7,846 3Q23 3Q24 3Q23 3Q24 3Q23 3Q24 • Strong revenue performance of our • Increased TL-based operational costs due to • Decline in operating profitability (-) inflation (-) • Increase in investment a
Slide 5: Mining Segment – Gümüştaş & Doku Mining
Mining Segment – Gümüştaş & Doku Mining Doğan Holding Acquires 75% Stakes in Gümüştaş & Doku Mining Key Points: Acquisition Overview: • Enhances Doğan Holding’s portfolio with entry into the Mining sector • Doğan Holding acquired 75% of Gümüştaş Mining and Doku Mining, gaining majority ownership of
Slide 6: Mining Segment – Market Overview
Mining Segment – Market Overview Türkiye Mining Exports1, USD million Türkiye Mining Exports2, thousand tons %7 %21 Marble Iron %1 Marble Iron %3 2.362k ton 2.300k ton $1.087M $212M %5 Copper Boron Copper Boron %40 $487M $191M 392k ton 483k ton %15 Zinc Lead 5.246 %9 Zinc Lead 31.722 $351M $194M %59
Slide 7: Electricity Generation Segment
Electricity Generation Segment Electricity Generation Segment Summary Financials 3Q24 Overview TL million 3Q23 3Q24 ∆ 9M23 9M24 ∆ • Electricity production rose 6% in the first eight months of the year. Revenue 760 626 -18% 1,933 1,691 -13% • The average PTF dropped from $97 in 2023 to $67 in 2024, a
Slide 8: Electricity Generation Segment – Galata Wind
Electricity Generation Segment – Galata Wind Galata Wind Summary Financials 3Q24 Overview TL million 3Q23 3Q24 ∆ 9M23 9M24 ∆ • In the third quarter, production decreased by 3% year-over- Revenue 768 626 -19% 1,941 1,682 -13% Gross Profit 489 343 -30% 1,183 913 -23% year, while revenue fell by 19%. E
Slide 9: Electricity Generation Segment – Galata Wind
Electricity Generation Segment – Galata Wind 8 Doğan Holding 3Q24 Earnings Presentation
Slide 10: Industry & Trade Segment
Industry & Trade Segment Industry & Trade Segment Summary Financials 3Q24 Overview TL million 3Q23 3Q24 ∆ 9M23 9M24 ∆ • Revenue decreased by 25% year-over-year in 3Q due to Revenue 6,365 4,786 -25% 17,621 15,366 -13% Gross Profit 355 153 -57% 1,992 1,060 -47% weaker demand and currency pressure on o
Slide 11: Industry & Trade Segment – Karel Elektronik
Industry & Trade Segment – Karel Elektronik Karel Elektronik Summary Financials 3Q24 Overview TL million 3Q23 3Q24 ∆ 9M23 9M24 ∆ Revenue 3,036 2,829 -7% 9,399 9,402 0% • Despite a revenue decline due to the contraction in the Gross Profit 118 39 -67% 1,187 655 -45% white goods market and delays in c
Slide 12: Industry & Trade Segment – Sesa Ambalaj
Industry & Trade Segment – Sesa Ambalaj Sesa Ambalaj Summary Financials 3Q24 Overview TL million 3Q23 3Q24 ∆ 9M23 9M24 ∆ • Growth is being constrained by shrinking domestic demand and the Revenue 1,062 921 -13% 2,966 2,839 -4% decline in foreign currency-denominated revenues when converted to Gross
Slide 13: Industry & Trade Segment – Ditaş
Industry & Trade Segment – Ditaş Ditaş Summary Financials 3Q24 Overview TL million 3Q23 3Q24 ∆ 9M23 9M24 ∆ • Revenues decreased by 30% due to the contraction in the Revenue 564 397 -30% 1,584 1,222 -23% automotive sector and currency pressure. Gross Profit 19 29 52% 55 44 -21% • Operational profitab
Slide 14: Automotive Segment – Doğan Trend Otomotiv
Automotive Segment – Doğan Trend Otomotiv Automotive Segment Summary Financials 3Q24 Overview TL million 3Q23 3Q24 ∆ 9M23 9M24 ∆ • Despite the increase in sales volume, revenues decreased by Revenue 7,890 7,461 -5% 17,119 21,453 25% Gross Profit 1,108 -667 -160% 3,143 1,087 -65% 5% YoY in the third
Slide 15: Finance & Investment Segment
Finance & Investment Segment Finance & Investment Segment Summary Financials 3Q24 Overview TL million 3Q23 3Q24 ∆ 9M23 9M24 ∆ Revenue 3,191 10,208 220% 10,563 20,477 94% • Hepiyi Sigorta's strong growth performance has significantly PBT -7,848 1,619 n.m. 883 6,241 607% and positively impacted segmen
Slide 16: Finance & Investment Segment - Hepiyi Sigorta
Finance & Investment Segment - Hepiyi Sigorta Monthly Premium Generation (mn TL) Assets Under Management (mn USD) 430 2,288 2,117 1,834 1,555 1,617 1,205 1,266 173 744 414 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. 2024 3Q24 Premium Breakdown by Product Casco Market Share 2.8% 3% 4% 17% 1.4% 76% De
Slide 17: Internet & Entertainment Segment
Internet & Entertainment Segment Internet & Entertainment Segment Summary Financials 3Q24 Overview TL million 3Q23 3Q24 ∆ 9M23 9M24 ∆ • Internet & Entertainment segment revenue in 3Q24 increased by Revenue 543 693 28% 1,985 2,201 11% Gross Profit 245 351 43% 908 992 9% 28% to 693 million TL. EBITDA
Slide 18: Real Estate Investments Segment
Real Estate Investments Segment Real Estate Investments Segment Summary Financials 3Q24 Overview TL million 2Q23 2Q24 ∆ 1H23 1H24 ∆ Revenue 258 299 16% 441 483 10% • Revenue remained flat year-over-year in 3Q24 due to rent Gross Profit 304 82 -73% 360 123 -66% increases in line with inflation. EBITD
Slide 19: Apendix
Apendix
Slide 20: Apendix – Financials
Apendix – Financials TL million 3Q23 3Q24 ∆ 9M23 9M24 ∆ TL million 31.12.23 30.09.24 ∆ Sales 19,119 24,146 26% 50,072 62,086 24% Current Assets 78,746 76,830 -2% Cost of Goods Sold -16,510 -22,591 37% -40,532 -55,147 36% Non-Current Assets 48,172 54,467 13% Gross Profit 2,609 1,555 -40% 9,539 2,609
Slide 21: Apendix – Revenue and Net Cash Breakdown
Apendix Revenue Breakdown Net Cash / (Debt) Breakdown TL million 3Q23 3Q24 ∆ 9M23 9M24 ∆ TL million 31.Dec.2330.Sep.24 ∆ Electricity Generation 760 626 -18% 1,933 1,691 -13% Electricity Generation -842 -725 -14% Industry & Trade -6,272 -6,582 5% Electricity Sales 760 626 -18% 1,933 1,691 -13% KAREL
Slide 22: Apendix – Segments & Major Group Companies – 3Q24 Financials
Apendix – Segments & Major Group Companies – 3Q24 Financials Electricity Automotive Trade Financing Internet & Real Estate Industry & Trade Total TL million Generation & Marketing & Investing Entertainment Investments Revenue 626 4,786 7,461 10,208 693 372 24,146 Revenue Share 3% 20% 31% 42% 3% 2% 1
Slide 23: Investor Relations Contact
Investor Relations Contact Bora Tezgüler Investor Relations Director borat@doganholding.com.tr Özge Atay Investor Relations Manager ozgea@doganholding.com.tr www.doganholding.com.tr ir@doganholding.com.tr +90 216 556 90 00 22 Doğan Holding 3Q24 Earnings Presentation
Slide 24: Disclaimer
Disclaimer Doğan Şirketler Grubu Holding A.Ş. (“Doğan Holding”) has prepared this book (the “Book”) for the sole purpose of providing information relating to DoğanHolding (the “Information”). The contents of this Book is based on public information and on data provided by Doğan Holding management. N
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