Global Yatirim Holding A.s. · BIST:GLYHO
Global Yatirim Holding A.s — FY2023 Earnings Presentation
23 slides from Global Yatirim Holding A.s's earnings presentation, 2024
Slide 1: Global Investment Holdings Financial Presentation FY 2023
GLOBAL INVESTMENT HOLDINGS Financial Presentation FY 2023
Slide 2: Corporate Portfolio (31.12.2023)
Corporate Portfolio (31.12.2023) 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: 68.8 bn TL Van's first independent cruise 56.2 MW installed leading non-piped lea
Slide 3: I – Financial Review
G GLOBAL INVESTMENT HOLDINGS |— FINANCIAL REVIEW
Slide 4: Financial Highlights (without IAS29)
Financial Highlights (without IAS29) 4
Slide 5: Financial Highlights (as per IAS29)
Financial Highlights (as per IAS29) 5
Slide 6: Financial Highlights
Financial Highlights as per IAS29 without IAS29 Net revenues (mn TL) 2023 2022 % Change 2023 2022 % Change Gas 4,018.5 6,973.7 -42% 3,136.2 3,742.5 -16% Power 1,170.1 1,099.6 6% 926.6 553.2 68% Mining 465.1 650.6 -29% 365.5 331.0 10% Ports1 4,847.7 3,416.7 42% 3,810.3 1,738.6 119% Brokerage&Asset Ma
Slide 7: GIH Group Companies: 2024 Guidance
GIH Group Companies 2024 Guidance (without IAS19) Port Infrastructure 2023 2024 Guidance 2 Revenue (mn TL) (exc. IFRIC 12, mn TL) 3,810.3 50%-70% Growth Adjusted EBITDA (exc. IFRIC 12, mn TL) 2,474.9 50%-70% Growth Gas (Naturelgaz) 2023 2024 Guidance Revenue (mn TL) 3,136.2 20%-40% Growth Operating
Slide 8: Change in Revenue & EBITDA (as per IAS29)
Financial Highlights (as per IAS29) Change in Revenue & EBITDA Revenue (mn TL)1 EBITDA (mn TL) 1 Revenues exclude the impact of IFRIC 12 on Cruise Ports amounting to 909.3mn TL for 2023 and 3,033.1mn TL for 2022 8
Slide 9: Change in Revenue & EBITDA (without IAS29)
Financial Highlights (without IAS29) Change in Revenue & EBITDA Revenue (mn TL)1 EBITDA (mn TL) 1 Revenues exclude the impact of IFRIC 12 on Cruise Ports amounting to 909.3mn TL for 2023 and 3,033.1mn TL for 2022 9
Slide 10: Financial Highlights: Change in P&L
Financial Highlights: Change in P&L GIH reported a consolidated net profit of 2,007.8mn TL in 2023, compared to a net profit of TL 1,141.6mn in 2022, indicating 76% increase yoy (Without IAS 29: 41% increase). The bottom line incorporated TL 1.7bn of non cash income and expense, of which TL 1,681.
Slide 11: Net Debt/EBITDA (as per IAS29)
Net Debt/EBITDA (as per IAS29) 11
Slide 12: III – Financial & Operational Performance by Division
III – FINANCIAL & OPERATIONAL PERFORMANCE BY DIVISION
Slide 13: Ports Division: Global Ports Holding Plc (GPH)
Ports Division: Global Ports Holding Plc (GPH) Number of calls at GPH`s ports in FY 2023 was 23% higher than FY 2022 level, while passenger movements at GPH ports in FY 2023 was 67% higher than FY 2022 level. (The passenger movements in 2023 exceeded the budget by 11%) Average occupancy rates of
Slide 14: Ports Division: Global Ports Holding Plc (GPH)
Ports Division: Global Ports Holding Plc (GPH) Cruise companies had all reported a strong 2023 and record forward bookings, with higher occupancy rates. 2024 is on its way to become a record year for the cruise industry. Average occupancy rates of the cruise ships visiting GPH`s consolidated por
Slide 15: Gas Division: Naturelgaz
Gas Division: Naturelgaz Sales volume reached 251mn Sm3 in 2023, representing an increase of 10% yoy Citygas sales volume increased by 68% yoy, reaching 117mn Sm3 . The number of districts and towns reached 128 by the end of 2023 Revenues decreased by 42% yoy (Pre IAS 29: 16% decrease) in 2023
Slide 16: Power Generation: Distributed Energy, Biomass and Solar
Power Generation: Distributed Energy, Biomass and Solar As of 2023, power generation portfolio of the Group has a combined installed capacity of 97.9 MW, 43.8 MW of which is composed of renewable sources (biomass, licensed solar power plants and distributed solar plants). The Group’s installed c
Slide 17: Mining Division: Straton
Mining Division: Straton The Company, because of the decline in demand from the local and European markets, achieved a sales volume of 318,531 tons in 2023, representing a 36% decrease yoy.. The Company’s main export markets continued to be Spain, Italy and Egypt. Export related sales volume was
Slide 18: 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 20% increase in revenues (Pre IAS 29: 82% increase) and 21% increase in EBITDA (Pre IAS 29: 78% increase) in 2023 yoy, with revenues
Slide 19: 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 20: IV – Appendix
G GLOBAL INVESTMENT HOLDINGS IV — APPENDIX
Slide 21: Balance Sheet
Balance Sheet (TL Million) 31 Dec 2023 31 Dec 2022 ASSETS Current assets 8,859.6 8,565.6 Cash and banks 4,396.0 3,046.2 Marketable securities 699.2 625.4 Trade and other receivables 1,986.6 3,121.7 Inventories 578.5 570.2 Other current assets 1,199.4 1,202.0 Non-current assets 35,661.9 32,949.1 Fina
Slide 22: Income Statement
Income Statement (TL Million) 2023 2022 Total gross revenue 13,085.29 16,639.42 Cost of sale and service -7,704.42 -11,312.61 Gross profit 5,380.87 5,326.81 Operating expense -2,785.51 -2,433.68 Other operating income/(loss), net 26.37 1,106.70 Equity pickup asset gain/(loss) 208.79 97.56 Gross oper
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
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