Global Yatirim Holding A.s. · BIST:GLYHO
Global Yatirim Holding A.s — Global Investment Holdings — Q1 2021 Earnings Presentation
23 slides from Global Yatirim Holding A.s's earnings presentation, 2021
Slide 1: Financial Presentation Q1 2021
GLOBAL INVESTMENT HOLDINGS Financial Presentation Q1 2021
Slide 2: Current Portfolio (Q1 2021)
Current Portfolio (Q1 2021) Brokerage & Asset Ports Power/Gas/Mining Real Estate Management Revenue: 28.9mn TL Revenue:230.2mn TL Revenue: 5.3mn TL Revenue: 42.1mn TL EBITDA: -20.1mn TL EBITDA: 59.1mn TL EBITDA: 0.4mn TL EBITDA: 21.3mn TL Net Debt: 297.9mn USD / Avg. Maturity: 8.2 yrs Net Debt: 54.2
Slide 3: I – Financial Review
G GLOBAL INVESTMENT HOLDINGS |— FINANCIAL REVIEW
Slide 4: Financial Highlights
Financial Highlights (mn TL) Net revenues Q1 2021 Q1 2020 %change Q1 20202 %change 2021 Guidance Gas 124.7 84.9 47% 84.9 47% 25-30% Growth Power 76.5 54.8 40% 54.8 40% 18-28% Growth Mining 29.0 24.0 21% 24.0 21% 50-65% Growth Ports1 28.9 130.5 -78% 77.8 -63% 25-90% Growth Brokerage & Asset Managemen
Slide 5: Financial Highlights: Change in Revenue
Financial Highlights: Change in Revenue Revenue (mn TL) (Q1 2020 vs. Q1 2021) 39.8 5.0 -4.5 23.0 21.8 -48.9 270.8 307.0 Ports Gas Power Mining Q1 2021E Q1 2020 Real Estate Brokerage, Mngmnt.& Others Asset excluding IFRIC 12 impact of excluding Port 73.6mn TL for Q1 2021, while Akdeniz’s 52.7mn Q1 20
Slide 6: Financial Highlights: Change in Operating EBITDA
Financial Highlights: Change in Operating EBITDA Consolidated Operating EBITDA (mn TL) (Q1 2020 vs. Q1 2021) 1.5 -0.3 6.7 -3.5 16.6 47.8 -45.7 8.0 46.0 14.9 Other Ports Gas Estate Q1 2021E Mining Holding Power Brokerage Q1 2020 Mngmnt. Real Stand Alone &Asset excluding Port excluding Port Akdeniz’s
Slide 7: Financial Highlights: Operational EBITDA by Division
Financial Highlights: Operational EBITDA by Division Operational EBITDA By Divison (in mn TL) 74.0 25.8 22.1 21.3 14.2 10.9 11.2 4.5 4.7 5.2 2.7 -8.8 Ports Power Gas Mining Pera & Van Brokerage & Asset Mng. Q1 2020 Q1 2021 7
Slide 8: Financial Highlights: Change in P&L
Financial Highlights: Change in P&L • GIH reported a consolidated net loss of 184.7mn TL in the first quarter of 2021, compared to a net loss of 131.0mn TL in the same period last year. The net loss stemmed mainly from non-cash depreciation and foreign currency translation differences incurred on Gr
Slide 9: II – Operational Review
G GLOBAL INVESTMENT HOLDINGS ll -— OPERATIONAL REVIEW
Slide 10: Major Developments
Major Developments Ports Gas Finance Holding GPH completed the sale of Port Naturelgaz signed an agreement GIH initiated the process to GIH is to increase its issued Akdeniz for an EV of with Petrol Ofisi to create exercise its option to buy share capital in cash 1,033,158,000 TL (140mn USD)
Slide 11: III – Financial & Operational Performance by Division
III – FINANCIAL & OPERATIONAL PERFORMANCE BY DIVISION
Slide 12: Gas Division: Naturelgaz
Gas Division: Naturelgaz Naturelgaz improved its solid financial position despite Covid-19 impact thanks to Naturelgaz its operational capability, efficient cost management structure and new business development efforts Revenue, EBITDA and Volume Sales volume reached 48.2mn Sm3 in the first quar
Slide 13: Ports Division: Global Ports Holding Plc (GPH)
Ports Division: Global Ports Holding Plc (GPH) GPH Total Revenues1 Cruise passenger volumes for the period fell by -99% due to the cruise & industry shut-down during the start of Q2-2020; only 10k cruise passengers Consolidated Adjusted EBITDA (mn TL) in Q1 2020 o The first time contribution of th
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 94.1 MW, of which 40.0 MW is from renewable sources (biomass and solar) and the remaining capacity consists of co/tri-generation plants The Group’s installed capacity in biomas
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 completed its first year of operations in 2020, standing out as one of the most efficient plants in the country, with its ge
Slide 16: Mining Division: Straton
Mining Division: Straton The Company realized 99,430 tons of product sales in the first quarter of 2021, down by 16% yoy, mainly due to the Covid-19 restrictions in export markets The Company’s main export markets continued to be Spain, Italy and Egypt. Export related sales volume reached 91,678
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 5.3mn TL and an operating EBITDA of 0.4mn TL in the quarter, compared to 9.8mn TL and 3.9mn TL, respectively in Q1 2020 •
Slide 18: 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 19: IV – Appendix
G GLOBAL INVESTMENT HOLDINGS IV — APPENDIX
Slide 20: Balance Sheet
Balance Sheet (mn TL) 31 March 2021 31 December 2020 ASSETS Current Assets 2,916.4 2,889.5 Cash and Banks 1,898.2 991.7 Marketable Securities 13.6 7.1 Trade Receivables 446.7 422.5 Inventories 97.4 99.8 Other Receivables and Current Assets (1) 460.5 226.6 Assets classified as held for sale 0.9 1,141
Slide 21: Income Statement
Income Statement (mn TL) Q1 2021 Q1 2020 Total gross revenues1 380.6 323.5 Cost of sales and services -324.6 -268.5 Gross Profit 56.0 55.0 Operating expenses -96.6 -84.1 Other operating income/(loss), net 5.7 -6.2 Equity pickup asset gains/(losses) -4.9 -4.2 Gross operating profit/(loss) -39.9 -39.4
Slide 22: Debt Position - As of 31.03.2021
Debt Position - As of 31.03.2021 Interest Year of Holding standalone debt Currency Rate Maturity Amount mn TL mn USD Eurobond, net USD fixed 2022 28.2 3.4 TL bond TL floating 2021 175.8 21.1 Secured bank loans TL fixed 2021 50.0 6.0 Secured bank loans TL fixed 2023 0.3 0.0 Secured bank loans EUR flo
Slide 23: 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 — Q1 2021 Earnings Presentation on 6ix