Polisan Holding As · BIST:POLHO

Polisan Holding As — Q1 2022 Earnings Presentation

39 slides from Polisan Holding As's earnings presentation, April 2022

  1. Slide 1: 1Q 2022 Investor Presentation

    1Q 2022 INVESTOR PRESENTATION April 2022

  2. Slide 2: Notice

    NOTICE This presentation may contain statements that are forward looking. These statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially due to factors discussed in Polisan Holding’s prospectus filed

  3. Slide 3: Innovative and Pioneering Solutions for Our Sectors

    POLİSAN HOLDİNG: INNOVATIVE AND PIONEERING SOLUTIONS FOR OUR SECTORS Chemical Activities Port Operations Real Estate Paint Polisan Kimya 100% Poliport 100% Polisan Yapı 100% Foreign Partnership Polisan Kansai Boya(**) Foreign Partnership Polisan Holding 50% Rohm & Haas(**) Kansai Paint 50% Polisan H

  4. Slide 4: Efficient Holding Structure Creating Value for All Stakeholders

    POLİSAN HOLDİNG: EFFICIENT HOLDING STRUCTURE CREATING VALUE FOR ALL STAKEHOLDERS ✓ STRENGTHENING HUMAN RESOURCES ✓ OPERATIONAL PROCESSES WITH A FOCUS ON ESG VISION ✓ INCREASING EFFICIENCY THROUGH DIGITALIZATION ✓ ENRICHING VALUE ADDED PRODUCT PORTFOLIO WITH INNOVATION ✓ BALANCED CAPITAL ALLOCATION W

  5. Slide 5: Executing Strategic Priorities Since IPO

    POLİSAN HOLDİNG: EXECUTING STRATEGIC PRIORITIES SINCE IPO 2012/21 CAGR TRY mln 3,558 REVENUE 22.5% 3600,0 700,0 3200,0 600,0 606; EBITDA 25.9% 2800,0 17.0% 500,0 2,176 2400,0 2,011 2000,0 1,934 400,0 416; 1600,0 1,501 19.1% 300,0 315; 1,092 285; 1,022 15.7% 14.7% 1200,0 869 200,0 657 202; 574 800,0

  6. Slide 6: Continued Focus on Profitability – 2021

    POLİSAN HOLDİNG: CONTINUED FOCUS ON PROFITABILITY – 2021* Combined Revenues: TRY3,558 mln Consolidated Revenues: TRY1,969 mln Chemicals 47.4% Other Other 4.7% 2.7% Chemicals Port 81.2% 14.1% Port Paint 8.2% 41.7% Combined EBITDA: TRY606 mln (EBITDA Margin: 17.0%) Consolidated EBITDA: TRY359 mln (EBI

  7. Slide 7: Polisan Home Cosmetics

    «? Polisan HOME COSMETICS

  8. Slide 8: Turkey Paint Industry: 5th Largest Market in Europe

    TURKEY PAINT INDUSTRY: 5. LARGEST MARKET IN EUROPE TURKEY PAINT INDUSTRY POLİSAN KANSAİ BOYA With ~$1.6 billion, Decorative Segment, which has Growing Production Over the Years Europe’s 5th largest market ~50% share, drives growth 2% 2% 11% 4% 1% 7% 7% 7% 50% 9% 1985 1987 1989 1991 1993 1995 1997 19

  9. Slide 9: Kansai Boya: Strengthening Through Foreign Partnership

    POLİSAN KANSAI BOYA: STRENGTHENING THROUGH FOREIGN PARTNERSHIP 50% PARTNERSHIP WITH KANSAI PAINT Ø Kansai Paint’s main products are automotive, industrial, decorative, protective and auto refinish coatings Ø Kansai Paint is one of the leading paint manufacturers in Japan, and among the top 10 in the

  10. Slide 10: Kansai Boya: Investments to Build on Brand Value

    POLİSAN KANSAI BOYA: INVESTMENTS TO BUILD ON BRAND VALUE NEW FACILITY COMMENCED PRODUCTION IN 2019 Ø €55 million new paint production and warehouse facility Ø Located on a 142,000 sqm land Ø At the Gebze Chemical Specialization Organized Industrial Zone Ø Calibrated for Industry 4.0 Ø Fully automate

  11. Slide 11: Kansai Boya: Turkey's Decorative Paint Leader

    POLİSAN KANSAI BOYA: TURKEY’S DECORATIVE PAINT LEADER PRODUCTS SALES NETWORK STRATEGY § Introduced the World to the Home § Turkey’s first water-based new Cosmetics concept generation mix system Innovative Products § At 3,600 sales point § Production at factory quality § Turkey’s first Logistics Cent

  12. Slide 12: Port Operations

    PORT OPERATIONS © Poliport

  13. Slide 13: Turkey Seaborne Trade: 2nd in Europe

    TURKEY SEABORNE TRADE: 2nd IN EUROPE TURKEY HAS OUTPACED EU PORTS WITH 47% GROWTH OVER 10 YEARS TURKEY RANKS 2nd IN EUROPE IN SEABORNE TRADE Million Tons Milyon tons 650.000 650 558 497 470 456 439 500 497 500.000 276 350.000 350 338 200 200.000 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

  14. Slide 14: Turkey Seaborne Trade: Marmara Region Handles the Bulk of Cargo

    TURKEY SEABORNE TRADE: MARMARA REGION HANDLES THE BULK OF CARGO CARGO HANDLED IN TURKEY IN 2021 TOTALED 526 MILLION TONS CARGO TYPES Container 8% 25.1% 39% Black Sea Bulk Liquid General Cargo Marmara 28.6% 11.7% Vehicle 2.2% Dry Bulk 32.4% 18% REGIMES Aegean Cabotage 11.8% Foreign Trade Transit 35%

  15. Slide 15: Kocaeli Gulf: Pioneer in Turkey and Among Top 10 in EU

    KOCAELI GULF: PIONEER IN TURKEY AND AMONG TOP 1O IN EU KOCAELİ GULF IS TURKEY’S STRATEGIC GATEWAY LOCATED WHERE 45% OF TURKEY’S GDP IS GENERATED 2. IN TOTAL CARGO HANDLED Ø Among EU’s 10 Major Ports Ø 1st in Foreign Trade (Import/Export) Ø 1st in Cargo Handled (Turkey’s total) 2020 Port Cargo Handle

  16. Slide 16: Poliport: Leading Independent Chemical Storage Terminal 2021

    POLİPORT: LEADING INDEPENDENT CHEMICAL STORAGE TERMINAL 2021 SERVICES REVENUE SHARE § Handling Turkey’s 3rd largest export item; Chemicals § Reputable clientele since 1990‘s BULK LIQUID § 272,000 m3 capacity (with a potential to increase to 436,000 m3 in the long term) STORAGE § 178 tanks (size: 200

  17. Slide 17: Poliport: Competitive Advantage via Integrated Port and Logistic Services

    POLİPORT: COMPETITIVE ADVANTAGE VIA ENTEGRATED PORT AND LOGISTIC SERVICES ü The completion of the most important phase of digitalization investments (AION) ü Ongoing commercial relations with multinational companies and growing clientele ü Strategic location established on 213,000 m2 ü Change in the

  18. Slide 18: Poliport: Sustainable Growth Through a Long Term Investment Plan

    POLİPORT: SUSTAINABLE GROWTH THROUGH A LONG TERM INVESTMENT PLAN TEM Highway Railway 3 3 Warehouse Bulk Liquid 2 Storage 1 Dry Bulk and General Cargo Bulk Liquid Loading & Loading & Unloading Unloading ü Increasing efficiency through digitalization (AION Project) ü Enhancing customer portfolio and g

  19. Slide 19: Chemical Activities

    CHEMICAL ACTIVITIES © Polisan KIMYA HAAS ES wW Polisan HELLAS

  20. Slide 20: Polisan Kimya: Turkey's Leading Chemicals Producer

    POLİSAN KİMYA: TURKEY’S LEADING CHEMICALS PRODUCER PRODUCTS REVENUE SHARE* § Turkey ranks 5th in the world in wood panel production wherein formaldehyde resin is used § 1st formaldehyde resin producer in Turkey to be used in production (wood particleboard, paper impregnation, MDF, plywood), and insu

  21. Slide 21: Other Chemical Activities: Foreign Partnership & International Expansion

    OTHER CHEMICAL ACTIVITIES: FOREIGN PARTNERSHIP & INTERNATIONAL EXPANSION FOREING PARTNERSHIP INTERNATIONAL INVESTMENT ROHM & HAAS (DOW) POLİSAN HELLAS § Polisan Kimya - a subsidiary of Polisan § Operational in Greece Holding – is Turkey’s 1st emulsion polymer § €8.7 mln has been paid for 100% of the

  22. Slide 22: Chemical Activities: Growing in Our Main Business Line

    CHEMICAL ACTIVITIES: GROWING IN OUR MAIN BUSINESS LINE Investments New resin facility and R&D Center at Industry 4.0 standards Innovative Products High value added and sustainable products of export potential Solution Partnership Holistic service approached tailored for customer needs Cooperations T

  23. Slide 23: Polisan Yapı

    “9 Polisan YAPI

  24. Slide 24: Potential Real Estate Projects

    POLİSAN HOLDİNG: POTENTIAL REAL ESTATE PROJECTS POLİSAN YAPI’S ONGOING PROJECTS OTHER PROPERTIES PRODUCTION FACILITIES Z OFFICE PENDİK LANDS & REAL ESTATES POLİPORT POLİSAN 26 shops, 73 offices 172,980 m2 land Partially available to invest 154,672 m2 90,142 m2 TRY80 mln TRY330 mln TRY529 mln TRY588

  25. Slide 25: 1Q 2022 Financial Results

    1Q 2022 FINANCIAL RESULTS W Polisan HOLDING

  26. Slide 26: 1Q 2022 Combined Financial Results

    POLİSAN HOLDİNG: 1Q 2022 COMBINED FINANCIAL RESULTS 1Q22 Combined Revenues 1Q21 – 1Q22 Revenue (TRY mln) and EBITDA (%) Evolution 48.4% 50,00% Chemicals 1400 51.0% 48.2% 45,00% Other 1.9% 1200 40,00% 35,00% 1000 30,00% 800 19.8% 25,00% 19.1% 17.8% Paint 17.7% Port 600 20,00% 38.9% 13.7% 14.3% 13.2%

  27. Slide 27: 1Q 2022 Consolidated Financial Results

    POLİSAN HOLDİNG: 1Q 2022 CONSOLIDATED FINANCIAL RESULTS REVENUE (TRY mln) EBITDA* (TRY mln) & EBITDA MARGIN (%) NET INCOME (TRY mln) CAPEX (TRY mln) 280 20.7% 137 1,969 19.1% 18.3% 450,00 20,00% 16.7% 400,00 17.7% 350,00 15,00% 359 300,00 155 1,051 127 131 66.1 56.7 250,00 826 176 49.6 157 10,00% 66

  28. Slide 28: Poliport: 1Q 2022 Financial Results

    POLİPORT: 1Q 2022 FINANCIAL RESULTS REVENUE (TRY mln) EBITDA (TRY mln) & EBITDA MARGIN (%) NET INCOME (TRY mln) REVENUE SHARE EBITDA SHARE 85.9 293 54.6% 54.6% 50.2% 237 48.7% 200,00 147 50,00% 8.2% 20.0% 130 48.2% 40,00% 150,00 44.2 115 31.9 97.2 30,00% 56.1 22.9 100,00 53.1 56.9 20,00% 27.4 10,00%

  29. Slide 29: Polisan Kimya: 1Q 2022 Financial Results

    POLİSAN KİMYA: 1Q 2022 FINANCIAL RESULTS REVENUE (TRY mln) EBITDA (TRY mln) & EBITDA MARGIN (%) NET INCOME (TRY mln) REVENUE SHARE EBITDA SHARE 857 21.9% 125 20,00% 120,00 66.5 23.1% 16.0% 12.5% 14.6% 13.7% 100,00 386 15,00% 70.1 42.6 320 326 80,00 48.1 6.4% 44.6 24.7 60,00 10,00% 137 40,00 18.0 5,0

  30. Slide 30: Polisan Hellas: 1Q 2022 Financial Results

    POLİSAN HELLAS: 1Q 2022 FINANCIAL RESULTS REVENUE (TRY mln) EBITDA (TRY mln) & EBITDA MARGIN (%) NET INCOME (TRY mln) REVENUE SHARE EBITDA SHARE 830 14.3% 13.2% 27.8% 18.5% 14,50% 40.4 36.0 441 65,00 392 8.1% 12,50% 55,00 10,50% 254 20.2 45,00 3.3% 8,50% 164 23.5 35,00 6,50% 51.7 25,00 3.6 4,50% 67.

  31. Slide 31: 1Q 2022 Consolidated Balance Sheet & FX Position

    POLİSAN HOLDİNG: 1Q 2022 CONSOLIDATED BALANCE SHEET & FX POSITION BALANCE SHEET FX – LOCAL CURRENCY BREAKDOWN (TRY mln) (TRY mln) 1Q 2021 4Q 2021 1Q 2022 Cash ST Debt LT Debt Cash & Cash Equivalents 303.8 411.6 314.8 38% 9% 43% Other Current Assets 561.2 1,106.7 1,356.0 Non-Current Assets 2,024.7 2,

  32. Slide 32: Back Up

    BACK UP W Polisan HOLDING

  33. Slide 33: Milestones

    POLİSAN HOLDİNG: MILESTONES üFirst Formaldehyde üIntroduction production in of Home Turkey üPolisan Cosmetics ü50% JV with ü1. Intl’l ü“Polisan of the Holding was concept Kansai Paint investment Future” established globally in Greece Transformation üFirst Program Water-based Mix Machine 1956 1964 19

  34. Slide 34: Sustainability

    POLİSAN HOLDİNG: SUSTAINABILITY Sustainability Initiatives Monitoring, Measuring and Managing ü Scope III emissions have been included to the emissions Signatory of UN Global Compact In 2021, compared to 2020; calculated in compliance with the Greenhouse Gas Protocol since 2012. Industrial Water Don

  35. Slide 35: Social Responsibility and Sponsorship Projects

    POLİSAN HOLDİNG: SOCIAL RESPONSIBILITY AND SPONSORSHIP PROJECTS WOMEN YOUTH ENVIRONMENT/ART/OCCUPATION Ø EVERY VOICE, ONE BREATH Ø POLİSAN SCHOOLS Ø 100,000 trees Ø Since 2012 Ø M. Emin Bitlis Primary School Ø International İstanbul Biennial Official Ø Has been granted 3 prestigious Ø Polisan Second

  36. Slide 36: Group Companies' Strategies in Brief

    POLİSAN HOLDİNG: GROUP COMPANIES’ STRATEGIES* IN BRIEF • Investments will be accelerated to • Growth opportunities in all sub- • An investment plan will be devised • Organic growth will be targeted by • Growth will be ensured through • Development processes will focus on target growth in light of ma

  37. Slide 37: Board of Directors

    POLİSAN HOLDİNG: BOARD OF DIRECTORS Bundesaufbau Gymnasium University of Boston ,USA Production Engineer (BSc) and Deutsche High School Wirtschafts Universität (BSc), Austria Mechanic Engineer (MSc) Bosphorus University, Industrial Engineer (BSc) Chairman of the Board of Polisan Holding, Chairman of

  38. Slide 38: Senior Management

    POLİSAN HOLDİNG: SENIOR MANAGEMENT Boğaziçi University, Civil Engineering 2004, Marmara University, Economics Business Administration at Eskişehir Anadolu University Post-graduate degree in International Business at Istanbul 2017, İstanbul Bilgi Üniversity, MBA in Faculty of Economics and Administra

  39. Slide 39: Thank You

    THANK YOU Telephone 0 216 5785600 Fax 0 216 5737792 yatirimciiliskileri@polisanholding.com.tr E-mail investorrelations@polisanholding.com.tr

Polisan Holding — Q1 2022 Earnings Presentation on 6ix