Alarko Holding A.s. · BIST:ALARK
Alarko Holding A.s — Investor Day (February 2025)
21 slides from Alarko Holding A.s's investor day presentation, Feb 10, 2025
Slide 1: 6th Capital Markets Day
6th Capital Markets Day 10.02.2025
Slide 2: 2024 in Brief
2024 in Brief Macroeconomic Developments Developments in Alarko’s Operations
Slide 3: Alarko Holding Overview
Alarko Holding Overview Energy Tourism Industry Land Construction Agriculture Investment & Development Trade Service In All Strong Brand Sector Leading Experience Quality In Service Healthy Adding Value To Areas of Energy & Services With & & Production & The Sector Quality In Service Perfectionist P
Slide 4: Impact of Inflation Accounting on Financial Results
Impact of Inflation Accounting on Financial Results Combined EBITDA Combined Net Profit Combined Revenue -%33 -%41 -%94 +6.8 billion TL 17.237 4.304 Net Monetary Position Loss 47.054 10.247 31.461 242 9M24 9M23 9M24 9M23 9M24 9M23
Slide 5: Strong Cash Generation – Net Cash Position
Strong Cash Generation – Net Cash Position Operational Cash Generation (Million TL) * Net Cash/Debt (Million TL) * 2022 2023 2024 9M 7.455 9.213 6.966 4.161 (Trailing) 2022 2023 2024 9M 3.215 3.967 2.188 -2.770 Indexed Combined, Excluding Conctruction Indexed Consolidated * Indexed
Slide 6: Increase In Investments – Balance Sheet Capacity
Increase In Investments – Balance Sheet Capacity Combined Investment Amount (Million TL) * Net Debt / EBITDA 2,05 1,78 2022 2023 2024 E 2025 E (0,49) (0,35) 6.596 5.546 8.033 19.967 2023 2023 2024 9M9A2024 Kombine NetNet Combined Borç/Kombine 12Aylık Debt/Combined FAVÖKEBITDA 12-Month Konsolide Net
Slide 7: Equity Development – Profit Distribution
Equity Development – Profit Distribution Equity (Million TL) * Dividend Yield 2022 2023 2024 9A 1,7% 0,8% 51.219 59.707 59.398 0,4% 2021 2022 2023 * Indexed
Slide 8: Net Asset Value Development
Net Asset Value Development * 2020 NAV 2022 NAV 2024 NAV 2028 NAV Other Other Other 10% 7% 10% Other Land 26% Energy Development 1.1 bn 1.8 bn & Tourism 2.1 bn %40 Energy 14% Land Development 60% 4.0 BN & Tourism New Areas 14% Energy Energy 30% 83% 73% Land Development ALSER & Tourism 10% 10% *New A
Slide 9: Absolute Value Creation through the Proper Use of Capital
Absolute Value Creation through the Proper Use of Capital Increase in the Value of Existing Operations Preservation of Defensive Companies' Assets Supporting Cash-Generating Companies 01 Balanced Portfolio and New Investments for Sustainable Growth 02 Planned Growth in New Investment Areas Optimal S
Slide 10: Balance Sheet Supported by Production – Energy Generation
Balance Sheet Supported by Production Electricity Production (MWh) Electricity Prices (USD) 96 Energy 10.000.000 Generation 9.882.098 9.950.000 65-70 9.419.696 69 69 2023 2024 2025 E 2026 & 2027 E 2023 2024 2025 B 2026 & 2027 E
Slide 11: Cash Generation Capacity of the Power Generation Segment
Cash Generation Capacity of the Power Generation Segment Operational Expectations (Million USD) 135 9M 24 105 Combined Net 85 Cash Position 7.8 Billion TL Average Annual EBITDA Average Annual Net Profit Average Annual FCF 2025-2027 With Our Share
Slide 12: Asset Base Supported by Investments – Energy Distribution
Asset Base Supported by Investments Indicators from Core Business Activities Asset Base Development (Million USD) 126.057 131.210 123.381 800 Energy 690 67.296 63.862 69.953 Distribution 399 2.410 2.335 10,3 10,9 2.451 12,0 Electricity Distributed Line Length (KM) Number of Number of (GW) Transforme
Slide 13: Tourism-Focused Land Development
Tourism-Focused Land Development Portfolio Value (Million USD) * 449 395 Hillside Fethiye Enerji 2024 Year-End Land 331 218 Million USD Üretim Development 257 227 Hillside Bodrum 2024 Year-End 125 Million USD 2020 2021 2022 2023 2024* (*) The cash used in the 2024 data is based on the 9M 2024 report
Slide 14: 360-Degree Value Creation – Agriculture
360-Degree Value Creation • Alarko Holding, in line with its strategic planning, identified the 'Agriculture' sector as its focus in 2023. • Alarko Agriculture activities are carried out under four main categories: Greenhouse Farming, Fertilizers, Seeds, and Food Industry. • Greenhouse Activities::
Slide 15: The Appetite for Growth in the Agriculture Sector Continues
The Appetite for Growth in the Agriculture Sector Continues Operational Expectations Operational Expectations (Million TL) Net Production (Square Meters) 10.000.000 22.075 5.000.000 5.000.000 3.427.407 10.407 2.267.093 1.744.363 1.361.381 1.160.314 5.135 959.218 959.218 382.982 6.495 2.123 1.154 Tür
Slide 16: Alarko Capital: Investment Strategy
Alarko Capital: Investment Strategy Public Equity Private Equity Venture Capital − Founded in 2023, Public Equity − Private Equity strategy focuses on − Venture Capital strategy strategy focuses on investing direct investments, private equity underscores Alarko Capital’s Türkiye’s capital markets wi
Slide 17: Alarko Capital: Investment Portfolio
Alarko Capital: Investment portfolio Investments by Sector1,2,3,5 $69.7M $90.1M 49+ Invested capital1 Net asset value1 Investments1 3… Financial services 1… TMT 34 USA Europe 2% 1… 4… Retail & e- commerce % Healthcare 53 % Turkey 2… Transportation Investments by Geography1,2,3 5% RoW 4 South 5% 2% A
Slide 18: Our Buyback Program
Our Buyback Program Alarko Holding's Board of Directors has made two decisions regarding Share Buyback for the previous period. In this context; • The financing of the buybacks has been provided from the company's internal resources. • In the first buyback program, a purchase of 345 million TL corre
Slide 19: Sustainability at Alarko
Sustainability at Alarko Sustainability at Alarko In all our group companies' operations and new investments, we focus on implementing resilient and future-aligned business 2050 models that are based on long-term environmental and social benefits. Our goal is: ▪ To create human and purpose-driven, s
Slide 20: Sustainability at Alarko – Our Sustainability Goals
Sustainability at Alarko – Our Sustainability Goals ✓ Net zero emissions by 2050 Planet ✓ To increase energy and resource efficiency across the entire organization ✓ To invest in biodiversity and conservation efforts ✓ To maintain the unwanted employee turnover rate People & Culture ✓ To increase th
Slide 21: Disclaimer
Disclaimer Alarko Holding A.S. (the“Company”) has prepared this presentation (the “Presentation”) in order to provide investors with general information about the Company. The contents of this Presentation is based on public information and on data provided by the Company’s management. Neither the C