Global Yatirim Holding A.s. · BIST:GLYHO

Global Yatirim Holding A.s — Global Investment Holdings — FY2022 Earnings Presentation

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

  1. Slide 1: Financial Presentation FY 2022

    GLOBAL INVESTMENT HOLDINGS Financial Presentation FY 2022

  2. Slide 2: Corporate Portfolio (FY 2022)

    Corporate Portfolio (FY 2022) Brokerage&Asset Ports Power Gas Mining Real Esate Management 63.55% 68.0% 70.0% 97.7% 66.6% 100%  The world's largest  Co/Tri generation:  Turkey’s & Europe’s  One of Turkey’s  AUM:45.8 bn TL  Van's first independent cruise 54.1 MW installed leading non-piped lead

  3. Slide 3: I – Financial Review

    G GLOBAL INVESTMENT HOLDINGS |— FINANCIAL REVIEW

  4. Slide 4: Financial Highlights

    Financial Highlights Net revenues (mn TL) Q1 22 Q2 22 Q3 22 Q4 22 Q4 21 2022 2021 % Change Gas 458,0 777,0 1.169,0 1.338,5 288,5 3.742,5 692,0 441% Power 126,1 137,0 184,1 105,9 120,7 553,2 368,6 50% Mining 68,6 87,6 111,9 62,8 61,9 331,0 182,6 81% Ports1 170,5 416,6 632,2 519,3 134,6 1.738,6 285,7

  5. Slide 5: GIH Group Companies: 2023 Guidance

    GIH Group Companies 2023 Guidance Port Infrastructure 2022 2023 Guidance 2 Revenue (mn TL) (exc. IFRIC 12, mn TL) 1.738,6 60-100% Growth Adjusted EBITDA (exc. IFRIC 12, mn TL) 1.053,5 60-100% Growth Gas 2022 2023 Guidance Revenue (mn TL) 3.742,5 10-30% Growth Operating EBITDA (mn TL) 891,6 10% Decli

  6. Slide 6: Financial Highlights: Change in Revenue & EBITDA (2022 vs. 2021)

    Financial Highlights: Change in Revenue&EBITDA (2022 vs. 2021) Revenue (mn TL)1 506,9 148,4 38,7 3.050,5 184,6 7.175,5 1.452,8 1.793,7 EBITDA (mn TL) 222,9 -23,4 -27,5 41,9 20,5 - 792,7 35,6 2.520,9 1.033,3 424,9 1 Revenues exclude the impact of IFRIC 12 on Cruise Ports amounting to 1543,3bn TL for

  7. Slide 7: Financial Highlights: Change in P&L

    Financial Highlights: Change in P&L  GIH reported a consolidated net profit of 1.2bn TL in 2022, compared to a net loss of TL 111.1mn in 2021. The bottom line incorporated TL 864.9mn of non-cash charges of which TL 736.2mn were depreciation and amortization, and TL 128.7mn in net foreign exchange l

  8. Slide 8: Net Debt Bridge

    Net Debt Bridge FY 2022 vs FY 2021 ($ mn) -4,1 -3,4 2,5 43,5 -17,0 578,1 556,6 8

  9. Slide 9: Net Debt/EBITDA

    Net Debt/EBITDA 14,0 Net Debt/EBITDA 12,0 11,6 10,0 10,0 8,0 7,7 7,6 6,7 6,0 5,1 4,0 4,3 3,8 3,2 2,8 2,0 2,2 2,1 1,5 1,0 0,9 0,0 2021 YE Q1 2022 H1 2022 Q3 2022 2022 Holding(Consolidated) Excluding Nassau Excluding Ports 9

  10. Slide 10: II – Operational Review

    G GLOBAL INVESTMENT HOLDINGS ll -— OPERATIONAL REVIEW

  11. Slide 11: Major Developments

    . Major Developments Ports Power Holding  Tarragona Port Authority awarded Global Ports Holding a 12- The IPO process of a fully owned subsidiary, Consus Enerji  The authorized capital ceiling was valid for five years, expiring year concession, with a 6-year extension option, to has been completed

  12. Slide 12: III – Financial & Operational Performance by Division

    III – FINANCIAL & OPERATIONAL PERFORMANCE BY DIVISION

  13. Slide 13: Gas Division: Naturelgaz

    Gas Division: Naturelgaz Revenue (mn TL)  Sales volume reached 227.9mn Sm3 in 2022, representing an increase of 12% yoy 3.743  Citygas sales volume increased by 54% yoy, reaching 70.1mn Sm3 441%  Revenues increased by 441% yoy in 2022, reaching TL 3,7bn, reflecting the increase in sales volume es

  14. Slide 14: Ports Division: Global Ports Holding Plc (GPH)

    Ports Division: Global Ports Holding Plc (GPH) Total Calls in Comparison to 2019 Levels Revenue (mn TL) EBITDA (mn TL) 450 413 1.739 1.053,5 400 334 354 333 %160 141% 309 340 350 332 312 393 291 300 261 437,1 315 269 668,5 508% 250 218 292 280 272 314 5115% 188 283 273 285,7 200 229 20,2 150 186 185

  15. Slide 15: Power Generation: Distributed Energy, Biomass and Solar

    Power Generation: Distributed Energy, Biomass and Solar Revenue (mn TL)  Power generation portfolio of the Group has a combined capacity of 94.1 MW, 40.0 MW of which is derived from renewable sources (biomass and solar power plants) 553 50%  The Group’s installed capacity in biomass and solar is 2

  16. Slide 16: Mining Division: Straton

    Mining Division: Straton Revenue (mn TL) 331 81% 182,6  The Company realized 497,866 tons of product sales volume in 2022, down by 6% yoy, mainly due to 2021 2022 the decrease in feldspar demand in export markets driven by the recession in Europe. EBITDA (mn TL)  The Company’s main export markets

  17. 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 registered 38,7mn TL increase in revenues and 20,5mn TL increase in EBITDA in FY 2022 yoy, with revenues and EBITDA standing at 71,4mn TL and 3

  18. 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

  19. Slide 19: GIH Share Performance

    GIH Share Performance Global Investment Holdings 2022 Share Performance 800 GLYHO 700 Annual  GLYHO ranked 9th among BIST 100 Return: companies in 2022 in terms of annual 600 %467 nominal return 500 BIST Holding Annual Return:  In 4Q 2022, the foreign share in the 400 %217 market value of BIST 100

  20. Slide 20: IV – Appendix

    G GLOBAL INVESTMENT HOLDINGS IV — APPENDIX

  21. Slide 21: Balance Sheet

    Balance Sheet (TL Million) 31 Dec 2022 31 Dec 2021 ASSETS Current Assets 5.135,7 3.640,2 Cash and Banks 1.848,7 1.535,9 Marketable Securities 379,6 176,3 Trade and Other Receivables 1.891,5 801,9 Inventories 280,6 140,2 Other Current Assets 735,3 985,9 Non-current Assets 18.566,1 11.437,1 Financial

  22. Slide 22: Income Statement

    Income Statement (TL Million) 31.12.2022 31.12.2021 Total gross revenues 8.718,85 2.584,75 Cost of sales and services -5.828,73 -2.106,90 Gross Profit 2.890,12 477,85 Operating expenses -1.193,42 -504,77 Other operating income/(loss), net 1.159,27 468,99 Equity pickup asset gains/(losses) 51,39 -85,

  23. 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 — FY2022 Earnings Presentation on 6ix