Global Yatirim Holding A.s. · BIST:GLYHO
Global Yatirim Holding A.s — Global Investment Holdings — 9M 2021 Earnings Presentation
23 slides from Global Yatirim Holding A.s's earnings presentation, 2021
Slide 1: Financial Presentation 9M 2021
GLOBAL INVESTMENT HOLDINGS Financial Presentation 9M 2021
Slide 2: Current Portfolio (9M 2021)
Current Portfolio (9M 2021) Brokerage & Asset Ports** Power/Gas/Mining Real Estate Management Revenue: 151.1mn TL Revenue:772.3mn TL Revenue: 21.9mn TL Revenue: 103.7mn TL EBITDA: -21.5mn TL EBITDA: 204.7mn TL EBITDA: 9.4mn TL EBITDA: 43.8mn TL Net Debt: 401.4mn USD / Avg. Maturity: 10.3 yrs Net Deb
Slide 3: I – Financial Review
G GLOBAL INVESTMENT HOLDINGS |— FINANCIAL REVIEW
Slide 4: Financial Highlights
Financial Highlights 9M YoY 2021 Net revenues (mn TL) H1 2021 H1 2020 Q32021 Q3 2020 9M 2021 9M 2020 Change Guidance Gas 231,9 183,7 171,6 142,9 403,6 326,6 23,6% 25-30% Growth Power 165,9 120,8 82,0 68,5 247,9 189,3 31,0% 18-28% Growth Mining 72,5 34,5 48,2 25,2 120,8 59,8 102,0% 50-65% Growth Port
Slide 5: Financial Highlights: Change in Revenue
Financial Highlights: Change in Revenue Revenue (mn TL, 9M 2020 vs. 9M 2021) -0,2 42,5 61,0 77,0 1.052,0 58,6 24,1 789,0 Ports Power Mining Gas Q3 2020 Q3 2021 Real Estate Mngmnt.&O Brokerage, Asset thers excluding IFRIC-12 excluding IFRIC-12 Construction Revenue of Construction Revenue of 454.8mn T
Slide 6: Financial Highlights: Change in Operating EBITDA
Financial Highlights: Change in Operating EBITDA Consolidated Operating EBITDA (mn TL, 9M 2021 vs. 9M 2020) -10,0 4,8 1,4 26,4 28,2 -6,7 189,7 30,2 129,7 -14,3 Ports Power Other Holding Mining Gas Brokerage Estate Q3 2021 Q3 2020 Real Stand Mngmnt. Alone & Asset excluding Port excluding Port Akdeniz
Slide 7: Financial Highlights: Operational EBITDA by Division
Financial Highlights: Operational EBITDA by Division Operational EBITDA By Divison (mn TL) 95,4 72,8 65,2 66,1 Excluding Port Akdeniz’s 120.3mn TL EBITDA in 9M 2020 43,2 43,8 26,8 15,0 17,4 12,2 13,9 9,8 Ports Ports Operational Power CNG Mining Brokerage & Asset Pera & Van Mng. 9M 2020 9M 2021 7
Slide 8: Financial Highlights: Change in P&L
Financial Highlights: Change in P&L • GIH reported a consolidated net loss of 398.7mn TL in 9M 2021, compared to a net loss of 318.5mn TL in the same period last year. The net loss stemmed mainly from non-cash depreciation and foreign currency translation differences incurred on Group’s long term bo
Slide 9: II – Operational Review
G GLOBAL INVESTMENT HOLDINGS ll -— OPERATIONAL REVIEW
Slide 10: Major Developments
Major Developments Ports Gas Power Finance Holding GPH completed the sale of Naturelgaz signed an Consus Enerji, GIH exercised its option GIH increased its Port Akdeniz for an EV of agreement with Petrol fully-owned subsidiary of to buy additional 40% issued share capital in 1,033,158,000
Slide 11: III – Financial & Operational Performance by Division
III – FINANCIAL & OPERATIONAL PERFORMANCE BY DIVISION
Slide 12: Gas Division: Naturelgaz
Gas Division: Naturelgaz Naturelgaz Revenue, EBITDA and Volume Naturelgaz maintained its solid financial position despite Covid-19 impact thanks to its operational capability, efficient cost management structure and increased operations in CityGas business line Sales volume reached 139.2mn Sm3 i
Slide 13: Ports Division: Global Ports Holding Plc (GPH)
Ports Division: Global Ports Holding Plc (GPH) Cruise passenger volumes2 surged by 679% in the third quarter of 2021 Total Revenues1 (mn TL) compared to the second quarter of 2021 (498.7k in Q3 2021 vs 64.0k in Q2 2021) reflecting the steady return to activity across the cruise industry following
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 384,323 tons of product sales in the first 9 months of 2021, up by 42% yoy, mainly due to strong feldspar demand from export markets The Company’s main export markets continued to be Spain, Italy and Egypt. Export related sales volume reached 322,593
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 21.9mn TL and an operating EBITDA of 9.4mn TL in 9M 2021, compared to 22.0mn TL and 7.9mn TL, respectively in 9M 2020. Low
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 (TL Million) 30 Sep 2021 31 Dec 2020 ASSETS Current Assets 2.575,1 2.889,5 Cash and Banks 1.146,0 991,7 Marketable Securities 28,0 7,1 Trade Receivables 592,4 422,5 Inventories 111,9 99,8 Other Receivables and Current Assets (1) 696,8 226,6 Assets classified as held for sale 0,9 1.141,
Slide 21: Income Statement
Income Statement (TL Million) Q3 2021 Q3 2020 Total gross revenues 1.506,79 1.223,37 Cost of sales and services -1.270,72 -1.075,43 Gross Profit 236,07 147,94 Operating expenses -299,29 -230,15 Other operating income/(loss), net -99,25 21,43 Equity pickup asset gains/(losses) -64,53 -13,99 Gross ope
Slide 22: Debt Position - As of 30.09.2021
Debt Position - As of 30.09.2021 Interest Year of Amount Holding standalone debt (TL m) Currency Rate Maturity TL mn US$ mn Eurobond, net USD fixed 2022 29,9 3,4 TL bond TL floating 2021 17,3 2,0 Secured bank loans TL fixed 2021 171,2 19,4 Secured bank loans TL fixed 2023 1,1 0,1 Secured bank loans
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 — 9M 2021 Earnings Presentation on 6ix