Global Yatirim Holding A.s. · BIST:GLYHO
Global Yatirim Holding A.s — Global Investment Holdings — Investor Presentation (March 2025)
44 slides from Global Yatirim Holding A.s's investor presentation, March 2025
Slide 1: Investor Presentation FY 2024
GLOBAL INVESTMENT HOLDINGS Investor Presentation FY 2024 Copyright © 2021 Global Investment Holdings
Slide 2: Corporate Portfolio
Corporate Portfolio Ports Power Gas Mining Finance Real Esate GFS HOLDING A.Ş. 90.3% 50.9% 60.0% 97.7% 66.6% 100% ▪ Van's first ▪ The world's largest ▪ Co/Tri generation: ▪ Turkey’s & ▪ One of Turkey’s ▪ AUM: 118.9bn TL (YE shopping centre independent cruise 59.3 MW installed Europe’s leading leadin
Slide 3: We intend to stay focused on our strategic sectors
We intend to stay focused on our strategic sectors Make inorganic acquisitions in high-value regions of the Americas, Ports consolidate the market further while looking for horizontal growth in port/passenger related businesses Develop green energy projects with attractive long-term feed-in tariffs
Slide 4: Capabilities & Strategy
Capabilities & Strategy Effective recognition of attractive Unique position as industry investment opportunities in rapidly consolidator in its port growing sectors operations No specific geographic or Fast Mover First Entrant Always prioritize the sector-bound limits potential for future growth Pro
Slide 5: Financial Highlights (without IAS29)
Financial Highlights (without IAS29) 5
Slide 6: Financial Highlights (in USD terms)
Financial Highlights (in USD terms) Consolidated Revenues (mn Consolidated EBITDA (mn Consolidated Net Income USD) USD) (mn USD) 94.0 515.3 217.4 25% 36% 38% 413.6 68.2 159.3 2023 2024 2023 2024 2023 2024 The conversion was made using the period-end exchange rates of the respective years. Following
Slide 7: Financial Highlights
Financial Highlights Without IAS29 As Per IAS29 Net revenues (mn TL) 2024 2023 % Change 2024 2024 % Change Gas 4,954 3,136 58% 5,712 5,802 -2% Power 1,184 927 28% 1,353 1,689 -20% Mining 441 365 21% 509 671 -24% Ports 1 7,332 3,810 92% 8,478 6,999 21% Brokerage&Asset Management 1,554 1,205 29% 1,793
Slide 8: Financial Highlights (as per IAS29) Change in Revenue & EBITDA
Financial Highlights (as per IAS29) Change in Revenue & EBITDA Revenue (mn TL)1 EBITDA (mn TL) 1Revenues exclude the impact of IFRIC 12 on Cruise Ports amounting to 2,697mn TL for 2024 and 1,313mn TL for 2023
Slide 9: Financial Highlights: Change in P&L
Financial Highlights: Change in P&L ▪ GIH reported a consolidated net profit of 3,314.7mn TL in 2024, compared to a net profit of 2,898.8mn TL in 2023, indicating 14% increase yoy. The bottomline incorporated TL 2.0bn of non-cash expense, of which TL 2,437.4mn were depreciation and amortization, TL
Slide 10: GIH Consolidated Gross Debt
GIH Consolidated Gross Debt St Lucia Project Financing Ports (other) 2% 12% GIH Consolidated Maturity Gross Debt <15yr (Excluding Ports) 23% GIH Consolidated Gross Debt: San Juan Project GPH long-term debt: 1.2mia USD Financing 818mn USD 15% Consolidated Gross Debt Excluding Nassau Bond Maturity ≥15
Slide 11: Net Debt/EBITDA (as per IAS29)
Net Debt/EBITDA (as per IAS29) ➢ The primary reasons for the increase in Net Debt/EBITDA after 2023 are the increase in gross debt due to the project financing of the San Juan, St. Lucia, and Liverpool ports, as well as the financing related to the delisting of GPH from the London Stock Exchange. In
Slide 12: Ports
G GLOBAL INVESTMENT HOLDINGS PORTS GLOBAL PORTS HOLDING
Slide 13: Global Ports Holding Plc (GPH)
Global Ports Holding Plc (GPH) 20 Years of Success 2014-2018: 2019+: 2003-2013: “Global Expansion” “Maturity” Globally The Future “Origins” Establishing our Dominant Cruise Global Presence Infrastructure Platform • Founded in 2003 • Deploy expertise globally, • Firmly established as world’s • Now es
Slide 14: Global Ports Holding Plc (GPH) Snapshot
Global Ports Holding Plc (GPH) Snapshot Americas EMEA Asia 2025E EBITDA*: 50% 46% 4% 2032E EBITDA*: 55% Greenock 44% Kalundborg 1% Prince Rupert Liverpool Zadar Bremerhaven Barcelona Tarragona Venice Bar Vigo Ege Port Kusadasi Lanzarote Alicante Las Palmas Fuerteventura Lisbon Malaga Bodrum Taranto
Slide 15: Global Ports Holding Plc (GPH): Top Cruise Ports by Region
Global Ports Holding Plc (GPH) Top Cruise Ports by Region 5 Largest Cruise Ports in The Caribbean(1) (MM Pax, 2024T) 5 Largest Cruise Ports in The Mediterranean (MM Pax, 2024T) GPH Terminals Other Terminals 1.5 6,0 5.7 4.2 2,2 1.5 3.2 3.1 2.9 3.9 2.3 2.2 1,0 1.7 1.6 1.3 1.2 2,2 1.5 Nassau Cozumel Co
Slide 16: Strong Pipeline with Clearly Identified Opportunities
Global Ports Holding Plc (GPH) Strong Pipeline with Clearly Identified Opportunities Project Funnel Project Screening / Pre-Feasibility Due Diligence / MoU Concession Agreement & Closing and Induction Financing Negotiations Americas & 5 Ports 4 Ports Caribbean Europe, 1 Ports: Atlantic & • Casablanc
Slide 17: Ports Division: Calls, Passengers and Occupancy
Ports Division: Global Ports Holding Plc (GPH) Total Calls Cruise Occupancy Ratio 116% 118% 655 115% 113% 105% 106% 109% 105% 105% 103% 591 590 5678 100% 98% 99% 113% 495 489 489 109% 104% 472 4432 463 463 107% 108% 106% 100% 441 440 107% 430 104% 406 389 377 95% 95% 353 349 347 313 306 385 322 303
Slide 18: Gas
G GLOBAL INVESTMENT HOLDINGS Gas (NaTURELGAZ
Slide 19: Gas: Naturelgaz Market Leader of Turkish Non-pipe CNG & LNG Market
Gas: Naturelgaz Turkey’s & Europe’s leading non-piped natural gas (CNG & LNG) distributor Market Leader of Turkish Non-pipe CNG & LNG Market Shareholder Structure NTGAZ Leader of Turkish Non-pipe 37,2% First trading date on Borsa Istanbul Stock Exchange: CNG & LNG Market: market share* April 1, 2021
Slide 20: Naturelgaz Business Lines
Naturelgaz Business Lines Bulk CNG & LNG City Gas Supplying CNG & LNG for Supplying CNG & LNG to companies in various counties that have no access industries (e.g. asphalt plants, to pipelines due to food & beverage sector, and geographical / economical mining) constraints. Auto CNG Well CNG Operati
Slide 21: Bulk CNG & LNG Operations
Bulk CNG & LNG Operations 1 2 Fertile 3 CNG Economic No waste No 4 No stocking 5 Practicle 6 invisible cost cost Naturelgaz supplies LNG from LNG terminals in Marmara Ereğlisi (Botaş) and Aliağa (Egegaz) LNG is transported to customer sites in LNG tanker trucks LNG Natural gas is delivered to the cu
Slide 22: City Gas
City Gas ➢ Naturelgaz provides CNG and LNG to counties where Naturelgaz is the market creator & the most natural gas cannot be provided through pipelines due to competitive player in economic and geographical reasons. fast growing Citygas business. ➢ Bulk CNG filling stations of Naturelgaz are also
Slide 23: Power
G GLOBAL INVESTMENT HOLDINGS Power
Slide 24: Consus Enerji 104,3 (MW) installed capacity
Consus Enerji Leading player in the biomass and distributed energy sector 104,3 (MW) installed capacity Biomass Solar Distributed Power Commerce 34.2 MW Installed Power 10,8 MWp 59,3 MW Wholesale/Retail Electricity (including 10.2 MWp Installed capacity Installed capacity Trade auxiliary source SPP)
Slide 25: Power: Distributed Power & Energy Efficiency
Power: Distributed Power & Energy Efficiency Tres Energy 1 56,2 MW Installed Capacity Application Areas: • Industrial Facilities 2 Efficiency up to 90% • Shopping Centers • Hotels • Hospitals 3 Saving opportunity without incurring investment cost • Offices • Ports • Airports 4 Build-Operate/ Energy
Slide 26: Power: Biomass
Power : Biomass Group Structure 1 27,5 MW Installed capacity Consus Energy 2 10 Years YEKDEM (13,3 dolarcent/kwh) Edusa* 3 49 Years License period Mavibayrak Energy Mavibayrak Doğu Energy (Waste / Recycling / Storage) 13,7 MW 13,8 MW (Production) 4 Large biomass supply network (operational) (operati
Slide 27: Power: Solar
Power : Solar Overview Location • Global Investment Holdings has commissioned its first solar power plant, Ra Solar, with 10.8 MWp installed capacity in Mardin and commenced operations in 2020, standing out as one of the most efficient plants in the country, with its remarkable generation performanc
Slide 28: Power: Family Islands Power Projects
Power: Family Islands Power Projects International Projects Overview Location of Projects • On December 5th, 2023, the Government of the Bahamas and Bahamas Power and Light issued an RFP to improve energy generation across the Family Islands using micro-grids, clean fuels, and renewable energy solut
Slide 29: Power: Shore Power Projects
Power: Shore Power Projects International Projects Consus Energy Expands into Global Ports Holding’s Jurisdictions with Pioneering Solar and Shore Power Projects Tarragona Ege Port Kusadasi Bodrum Nassau Antigua St Lucia • Consus Energy, a leading expert in the Turkish energy sector, is expanding it
Slide 30: Mining
(2 GLOBAL mmm INVESTMENT HOLDINGS C.STRATON
Slide 31: Mining: Feldspar
Mining: Feldspar ► Straton Maden, a 97.7% owned subsidiary of GIH, was acquired in 2013 ► Straton has substantial feldspar reserves, mine processing facilities and commercial teams based in the West Aegean region of Turkey Volume (tons) ► In 2024, excluding IAS 29, the Mining segment's revenues incr
Slide 32: Real Estate
G GLOBAL INVESTMENT HOLDINGS REAL ESTATE ih AIDS MARDUS
Slide 33: Ardus Real Estate Investments
Ardus Real Estate Investments Denizli Sumerpark Mix-Use Real Estate Development Sümerpark Project, which is the new living center of Denizli, is on 100,908.07 m2 total gross construction area. The project is composed of Sümerpark Evleri, consisting of 608 houses, private school and hospital lands. C
Slide 34: Finance
INVESTMENT HOLDINGS FINANCE TAL ab istanbul petit (2GLOBAL G GLOBALMD SECURITIES SS PORTFOLIO MANAGEMENT
Slide 35: İstanbul Asset Management
İstanbul Asset Management Istanbul Asset Management is the largest portfolio management company which has domestic capital and without a bank/brokerage house /insurance company as a parent ► Istanbul Asset Management manages 118.9bn TL in AUM as of 2024. The company has increased the size of its ass
Slide 36: Global Securities & Global MD Asset Management
Global Securities&Global MD Asset Management Global Securities: ► is an independent and listed company on BIST that provides capital market brokerage services to individuals and corporates; local and international investors ► had a market share of 1% with an equity trading volume of 825bn TL in 2024
Slide 37: GIH's Sustainability
GIH`s Sustainability As a Global Investment Holdings; Sustainability Development Priorities ✓ Global Investment Holdings is listed in the BIST Combating Climate Sustainability Index. Change and Energy Management ✓ We are one of the signatories to the United Nations Global Compact. Global Investment
Slide 38: GIH's Sustainability Contributions
GIH`s Sustainability Contributions Including both Turkey and the other countries where we operate, we touch Local Workforce, people’s lives across a wide territory. We create a local workforce in every region we set up operations, contributing directly to the economic and social contribution to loca
Slide 39: Corporate Governance & Ratings
Company Overview Corporate Governance & Ratings Credit Rating - JCR Eurasia Corporate Governance Rating - Kobirate Confirmed Overall Company Rating: 9.34 (out of 10.0) Global Investment Holdings (GIH) 30.12.2024 Sub-sections Rating Long Term National Local Rating A- (tr) / (Stable Outlook) Sharehold
Slide 40: Chairman & CEO, CFO and Group CEOs
Chairman & CEO, CFO and Group CEOs The evolution of key financial indicators A Team of Industry Specialists The Group’s key executives • Founding shareholder, Chairman and CEO of • Board member of GIH and various Group • Serves as the Group’s CFO since 2020 Global Investment Holdings. Actively invol
Slide 41: Appendix
G GLOBAL INVESTMENT HOLDINGS APPENDIX
Slide 42: Global Cruise Capacity, Development of World Regions
Global Ports Holding Plc (GPH) Global Cruise Capacity, Development of World Regions Over the past few decades, cruising has grown around the world with the Caribbean consistently being the dominant cruise region globally.
Slide 43: Looking Ahead: Forecast Supply 2023-2035
Global Ports Holding Plc (GPH) Looking Ahead Forecast Supply 2023-2035 (Total and Net Added Lower Berths) 911 Great Pandemic Estimated Total and Net Attacks Recession Period Lower Berths 2023-2025 Total Lower Berths • c.35% capacity increase • the fastest growing segments ‘Luxury’ and ‘Expedition’ N
Slide 44: 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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