Global Yatirim Holding A.s. · BIST:GLYHO
Global Yatirim Holding A.s — Global Investment Holdings — H1 2020 Earnings Presentation
25 slides from Global Yatirim Holding A.s's earnings presentation, 2020
Slide 1: Global Investment Holdings Financial Presentation H1 2020
GLOBAL INVESTMENT HOLDINGS Financial Presentation H1 2020
Slide 2: Current Portfolio (H1 2020)
Current Portfolio (H1 2020) Brokerage & Asset Ports Power/Gas/Mining Real Estate Management Revenue: 348.0mn TL Revenue: 339.0mn TL Revenue: 12.8mn TL Revenue: 40.2mn TL EBITDA: 84.4mn TL EBITDA: 80.2mn TL EBITDA: 2.9mn TL EBITDA: 11.6mn TL Net Debt: 372.2mn USD / Avg. Maturity: 7.4 yrs Net Debt: 74
Slide 3: I – Financial Review
G GLOBAL INVESTMENT HOLDINGS |— FINANCIAL REVIEW
Slide 4: Financial Highlights
Financial Highlights (mn TL) Net revenues Q1 2020 Q1 2019 Q2 2020 Q2 2019 H1 2020 H1 2019 %change Gas 84.9 73.4 98.7 97.7 183.7 171.1 7% Power 54.8 25.1 66.1 36.4 120.8 61.5 96% Mining 24.0 25.6 10.5 25.5 34.5 51.1 -32% Ports 130.5 110.8 217.5 195.5 348.0 306.3 14% Brokerage & Asset Management 19.5
Slide 5: Major Developments of H1 2020
Major Developments of H1 2020 Ports Gas Real Estate Finance Holding GPH concluded Naturelgaz signed an The contract rental Capital Markets Board of GIH completed the acquisition of the agreement to purchase agreement of the Vakıf Turkey has approved 124,620,000 TL nominal operator of La Go
Slide 6: Covid-19 crisis management
Covid-19 crisis management Post management actions cruise port The Group put in place several significant actions to protect the balance sheet and long term future of the businesses operations in a no cruise environment Survivability • The port division put in place substantial cost savings and sign
Slide 7: Financial Highlights: Change in Revenue
Financial Highlights: Change in Revenue Revenue (mn TL) (H1 2019 vs. H1 2020) 59.3 12.5 -16.5 -8.7 15.6 41.6 636.1 739.9 Gas Power Mining H1 2019 Ports H1 2020 Real Estate Brokerage, Asset Mngmnt.&Others Global Investment Holdings reported 739.9mn TL revenues for the first half of 2020, up by 16%
Slide 8: Financial Highlights: Change in Operating EBITDA
Financial Highlights: Change in Operating EBITDA EBITDA (mn TL) (H1 2019 vs. H1 2020) -110.8 37.9 1.2 -4.6 -7.4 10.8 3.3 -10.8 228.0 147.6 Other Gas Mining H1 2019 Holding Stand H1 2020 Ports Power Brokerage&Asset Real Estate Alone Mngmnt. At the end of first half of 2020, Global Investment Holdin
Slide 9: Financial Highlights: Operational EBITDA by Division
Financial Highlights: Operational EBITDA by Division Operational EBITDA By Divison (in mn TL) 215.8 106.1 37.5 34.5 35.7 11.6 7.0 11.6 12.3 0.8 4.8 -0.4 Ports Power Mining CNG Pera & Van Brokerage & Asset Mng. H1 2019 H1 2020 9
Slide 10: Financial Highlights: Change in P&L
Financial Highlights: Change in P&L • GIH reported a consolidated net loss of 237.4mn TL in the first half of 2020, compared to a net loss of 99.8mn TL in in the same period last year. The net loss stemmed mainly from non-cash depreciation and foreign currency translation differences incurred on Gro
Slide 11: II – Operational Performance by Division
II – OPERATIONAL PERFORMANCE BY DIVISION
Slide 12: Gas Division: Naturelgaz
Gas Division: Naturelgaz Naturelgaz reported 68.7mn Sm3 sales volume in H1 2020 as opposed to 72.0mn Sm3 in H1 2019, mainly due to the impact of the Covid-19 pandemic. The lockdown measures between March and Naturelgaz May, and the contraction in economic activity have affected the production capa
Slide 13: Port Division: Global Ports Holding Plc
Port Division: Global Ports Holding Plc GPH Total Revenues Cruise EBITDA Margin* & Passenger volumes fell 35.7% yoy, with just 1.3mn PAX handled in the & Commercial EBITDA Margin* period. The passenger number refers to consolidated and managed Consolidated EBITDA (mn TL) portfolio, hence excluding
Slide 14: Power Division: Co/Tri-Generation, Biomass and Solar
Power Division: Co/Tri-Generation, Biomass and Solar Power generation portfolio of the Group has a combined capacity of 100.1 MW, of which 46.0 MW is from renewable sources (biomass and solar) and the remaining capacity consists of co/tri-generation plants The Group’s installed capacity in bioma
Slide 15: 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 is expected to generate about 20 million kWh electricity per annum, meeting the electricity requirement of more than 7.5 tho
Slide 16: Mining Division: Straton
Mining Division: Straton The Company realized 163,525 tons of product sales in H1 2020, down by 38% yoy, mainly due to the Covid-19 lockdown in export markets The Company’s main export markets continued to be Spain, Italy and Egypt. Export related sales volume reached 147,830 tons while domestic
Slide 17: 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 reported revenues of 12.8mn TL and an operating EBITDA of 2.9mn TL in the period, compared to 21.4mn TL and 10.3mn TL, respectively a year ago
Slide 18: Asset Management & Brokerage Division: Actus & Global Securities & Global MD
Asset Management & Brokerage Division: Actus & 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 revenues and advisory
Slide 19: III – Appendix
G GLOBAL INVESTMENT HOLDINGS Ili - APPENDIX
Slide 20: Balance Sheet
Balance Sheet (mn TL) 30 June 2020 31 December 2019 ASSETS Current Assets 1,858.7 1,350.5 Cash and Banks 1,030.0 474.7 Marketable Securities 7.4 8.5 Trade Receivables 357.2 458.6 Inventories 81.6 85.4 Other Receivables and Current Assets (1) 382.6 322.4 Assets classified as held for sale 0.9 0.9 Non
Slide 21: Income Statement
Income Statement (mn TL) H1 2020 H1 2019 Total gross revenues 739.9 636.1 Cost of sales and services -671.9 -464.9 Gross Profit 68.0 171.2 Operating expenses -156.0 -151.6 Other operating income/(loss), net -10.1 10.0 Equity pickup asset gains/(losses) -8.6 16.6 Gross operating profit/(loss) -106.7
Slide 22: Debt Position - As of 30.06.2020
Debt Position - As of 30.06.2020 Interest Year of Holding standalone debt Currency Rate Maturity Amount mn TL mn USD Eurobond, net USD fixed 2022 23.2 3.4 TL bond TL floating 2020 20.0 2.9 TL bond TL floating 2020 124.6 18.2 TL bond TL floating 2021 125.4 18.3 Secured bank loans TL fixed 2021 31.0 4
Slide 23: IV – Appointment of New CFO
G GLOBAL INVESTMENT HOLDINGS IV—- APPOINMENT OF NEW CFO
Slide 24: Appointment of New CFO: Ferdağ Ildır
Appointment of New CFO: ‘Ferdağ Ildır’ Ferdağ Ildır, with vast knowledge of the Group along with substantial experience in the financial arena, should make a considerable contribution to the Group, delivering strong results for the company and shareholders as the Group continues to implement the gro
Slide 25: 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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