Global Yatirim Holding A.s. · BIST:GLYHO

Global Yatirim Holding A.s — Global Investment Holdings — 9M 2023 Earnings Presentation

18 slides from Global Yatirim Holding A.s's earnings presentation, 2023

  1. Slide 1: Global Investment Holdings Financial Presentation 9M 2023

    GLOBAL INVESTMENT HOLDINGS Financial Presentation 9M 2023

  2. Slide 2: Corporate Portfolio

    Corporate Portfolio Ports Power Gas Mining Finance Real Esate GFS HOLDING A.Ş. 66.2% 50.9% 60.0% 97.7% 66.6% 100%  The world's largest  Co/Tri generation:  Turkey’s & Europe’s  One of Turkey’s  AUM: 62.7 bn TL  Van's first independent cruise 56.2 MW installed leading non-piped leading players

  3. Slide 3: I – Financial Review

    G GLOBAL INVESTMENT HOLDINGS |— FINANCIAL REVIEW

  4. Slide 4: Financial Highlights

    Financial Highlights Net revenues (mn TL) Q1 23 Q1 22 % Change Q2 23 Q2 22 % Change Q3 2023 Q3 2022 % Change 9M 2023 9M 2022 % Change Gas 849.6 458.0 85% 608.2 777.0 -22% 660.8 1,169.0 -43% 2,118.6 2,404.0 -12% Power 167.4 126.1 33% 209.2 137.0 53% 268.8 184.1 46% 645.5 447.2 44% Mining 100.4 68.6 4

  5. Slide 5: Financial Highlights: Change in Revenue & EBITDA (9M 22 vs. 9M 23)

    Financial Highlights: Change in Revenue&EBITDA (9M 22 vs. 9M 23) Revenue (mn TL)1 EBITDA (mn TL) 1 Revenues exclude the impact of IFRIC 12 on Cruise Ports amounting to 534.7mn TL for 9M 2023 and 1,401.4mn TL for 9M 2022 5

  6. Slide 6: Financial Highlights: Change in P&L

    Financial Highlights: Change in P&L  GIH reported a consolidated net profit of 530.2mn TL in 9M 2023, compared to a net profit of TL 262.2mn in 9M 2022. The bottom line incorporated TL 823.5mn of non-cash charges of which TL 755.4mn were depreciation and amortization, and TL 68.1mn in net foreign e

  7. Slide 7: Net Debt/EBITDA

    Net Debt/EBITDA Reasons for the increase in Net Debt / EBITDA: • Payment to Privatization Authority regarding Ege Port concession extension • Capex • The 330 mn USD portion is for the refinancing of GPH's Sixth Street credit. 7

  8. Slide 8: III – Financial & Operational Performance by Division

    III – FINANCIAL & OPERATIONAL PERFORMANCE BY DIVISION

  9. Slide 9: Gas Division: Naturelgaz

    Gas Division: Naturelgaz  Sales volume reached 173mn Sm3 in 9M 2023, representing an increase of 6% yoy  Citygas sales volume increased by 67% yoy, reaching 74.2mn Sm3  Revenues decreased by 12% yoy in 9M 2023, standing at TL 2,119bn.  Gross profit decreased by 35% in 9M 2023 yoy, standing at TL

  10. Slide 10: Ports Division: Global Ports Holding Plc (GPH)

    Ports Division: Global Ports Holding Plc (GPH)  In 9M 2023 cruise demand remained strong, while booking volumes significantly exceeded 2019 levels and continued to accelerate for 2024.  Average occupancy rates of the cruise ships visiting GPH`s consolidated ports in Aug 2023 was 115%,  Number of

  11. Slide 11: Power Generation: Distributed Energy, Biomass and Solar

    Power Generation: Distributed Energy, Biomass and Solar  As of 9M 2023, power generation portfolio of the Group has a combined capacity of 96.2 MW, 40.0 MW of which is composed of renewable sources (biomass and solar power plants). Additionally, investment processes for solar power plants (hybrid a

  12. Slide 12: Mining Division: Straton

    Mining Division: Straton  Despite the stronger demand from the local market, sales volume declined by 38% to 266,172 tons in 9M 2023 yoy due to the decline in demand from the European markets caused by the recession.  The Company’s main export markets continued to be Spain, Italy and Egypt. Export

  13. Slide 13: 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 registered 38mn TL increase in revenues and 16.3mn TL increase in EBITDA in 9M 2023 yoy, with revenues and EBITDA standing at 89.1mn TL and 41.

  14. Slide 14: 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

  15. Slide 15: IV – Appendix

    G GLOBAL INVESTMENT HOLDINGS IV — APPENDIX

  16. Slide 16: Balance Sheet

    Balance Sheet (TL Million) 30 Sep 2023 31 Dec 2022 ASSETS Current assets 8,344.4 5,135.7 Cash and banks 4,415.1 1,848.7 Marketable securities 582.1 379.6 Trade and other receivables 1,934.5 1,891.5 Inventories 282.3 280.6 Other current assets 1,130.4 735.3 Non-current assets 28,085.0 18,566.1 Financ

  17. Slide 17: Income Statement

    Income Statement (TL Million) 9M 2023 9M 2022 Total gross revenue 6,929.29 5,670.14 Cost of sale and service -4,101.12 -3,919.72 Gross profit 2,828.17 1,750.42 Operating expense -1,261.86 -684.60 Other operating income/(loss), net 284.21 118.18 Equity pickup asset gain/(loss) 117.27 21.66 Gross oper

  18. Slide 18: 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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