Tekfen Holding Anonim Sirketi · BIST:TKFEN
Tekfen Holding Anonim Sirketi — Tekfen Holding — Investor Presentation (April 2023)
74 slides from Tekfen Holding Anonim Sirketi's investor presentation, April 2023
Slide 1: Tekfen Holding Investor Presentation April 2023
Tekfen Holding Investor Presentation April 2023
Slide 2: Tekfen Group At a glance
Tekfen Group At a glance 1956 Feyyaz Berker, 1970 Foundation of 1981 Toros Fertilizer 2000 Tekfen Real Estate 2007 Partnership with 2012 Sale of Eurobank Nihat Gökyiğit and Tekfen Manufacturing starts production Development Group Eurobank EFG in Tekfen Necati Akçağlılar formed Tekfenbank an engineer
Slide 3: Corporate Governance
Tekfen Group Corporate Governance Ownership structure Share Classes Akçağlılar, Single type of shares (one share one vote) 6,65% Berker, 23,55% Composition of the Board Free Float, 49,74% 4 out of 11 members are independent. Board members to be elected for max. of three years Dividends Gökyiğit, 30%
Slide 4: Tekfen Group At a glance
Tekfen Group At a glance Engineering & Chemical Agricultural Contracting Industry Production Services Investment Main Operations Main Operations Main Operations Main Operations Main Operations Construction Fertilizer production Seed, sapling and Terminal services Venture Capital Engineering and dist
Slide 5: Tekfen's Sustainability Vision
Tekfen Group Tekfen’s Sustainability Vision ➢ Tekfen’s sustainability vision is conceptually embodied in the group’s “Bridging Prosperity” motto. The primary goals of all economic activity are to increase social wellbeing and to improve the quality of life of the individuals who make up a society. T
Slide 6: Tekfen's Sustainability Vision
Tekfen Group Tekfen’s Sustainability Vision ➢ Tekfen Holding’s publicly-traded shares are included in the Istanbul Stock Exchange’s BIST 30 index. Owing to the company’s successful corporate governance, environment, and social-welfare performance, Tekfen Holding’s shares have been included in the BI
Slide 7: Human resources – Old Segments
Tekfen Group Human resources – Old Segments Number of employees (breakdown by segment) 19.180 18.296 17.094 15.514 450 14.295 488 13.878 474 13.234 1.140 867 1.112 870 502 1.398 817 1.033 1.102 1.020 1.058 17.539 16.696 13.614 11.988 11.359 12.691 15.222 2013 2014 2015 2016 2017 2018 2019 Contractin
Slide 8: Human resources – New Segments
Tekfen Group Human resources – New Segments Number of employees (breakdown by segment) 16.719 15.191 14.826 10.256 17.094 18.844 16.543 11.950 847 903 328 971 283 332 1.138 156 308 533 363 160 358 136 131 92 2019 2020 2021 2022 Engineering & Contracting Chemical Industry Agricultural Production Serv
Slide 9: Engineering & Contracting
ENGINEERING & CONTRACTING
Slide 10: Overview
Overview ✓ Founded in 1956 as an engineering and consultancy firm. ✓ One of the largest contracting groups in Turkey. ✓ Main area of specialization is construction projects in the oil and gas industry. ✓ Is among the leading international construction companies in the world and ranks at number 76 am
Slide 11: Engineering & Contracting
Engineering & Contracting Group EPC Turnkey Delivery ➢ EPC (also commissioning, start-up, operational support & training) ➢ EPC-F ➢ EPCM Manufacturing of Turnkey Design & Export Finance Process & Storage Engineering Construction & Procurement Equipment ➢ Engineering ➢ Lump Sum Turnkey ➢ Procurement
Slide 12: Selected International Project Partners
Engineering & Contracting Selected International Project Partners Mitsubishi Corp., ABB, UK Flour, USA Technip, France Japan Air Liquide, General Electric, Parsons Inc., Tecnicas France USA USA Reunidas, Spain ILF Consulting, Toyo Eng., Alstom, France Petrofac, UAE Austria Japan Wood (formerly Uhde
Slide 13: Selected Clients
Engineering & Contracting Selected Clients TURKEY SAUDI ARABIA QATAR AZERBAIJAN KAZAKHSTAN KUWAIT TÜPRAŞ (Turkish ASHGHAL, Petroleum KOC, Kuwait Oil Saudi Aramco Ministry of Public BP Exploration Tengizchevroil Refineries Company Works Corporation) BOTAŞ (Petroleum Ma’aden, Saudi Ministry of Public
Slide 14: Manpower
Engineering & Contracting Manpower Total Manpower: 12,488* TURKEY: 2,410 ABROAD: 10,078 Russia 1.550 Iraq 1 Saudi Arabia 1102 Qatar 1446 Kazakhstan 2490 Morocco 4 Turkmenistan 3 Algeria 2 Azerbaijan 4071 Kenya 2 * As of 2022-end including subcontractors. 14 Tekfen Group Engineering Chemical Agricult
Slide 15: Manpower Structure
Engineering & Contracting Manpower Structure DISIPLINE & DIVISION ENGINEERS 381 3.05% NATIONALITY MANAGEMENT 144 1.15% TURKISH 3,042 24.36% PROCUREMENT 58 0.46% INDIAN 289 2.31% ADMIN 212 1.70% AZERBEIJANI 148 1.19% QA&QC/HSE 200 1.60% NEPALESE 86 0.69% TECHNICIANS 139 1.11% SAUDI 59 0.47% FOREMEN 1
Slide 16: Areas of Expertise
Engineering & Contracting Areas of Expertise BASIC DETAILED PROCUREMENT FABRICATION CONSTRUCTION START UP ENGINEERING* ENGINEERING E E+P E+P+F E+P+C PMS E : Engineering F : Fabrication P : Procurement PMS : Project Management Services C : Construction * In pipelines, tank farms / terminals, motorway
Slide 17: Business Areas
Engineering & Contracting Business Areas Refineries Oil & Gas Petrochemical Gas Compressor Storage Oil & Gas Equip. Pipelines Power Plants Complexes & Metering Tanks Platforms Manufacturing Stations Motorways Bridges Stadiums High-Rises Marine Metro & Tunnels Real Estate Terminals & Railways Jetties
Slide 18: Engineering & Contracting Overview
Engineering & Contracting Overview Overview ➢ With its sister companies Tekfen Engineering, Tekfen Manufacturing, Hallesche Mitteldeutsche Bau-AG (HMB) (Germany), AZFEN (Azerbaijan) and strategic partnerships, Tekfen is positioned to extend its services to a large range of clients on three continent
Slide 19: Backlog Growth
Engineering & Contracting Backlog Growth Backlog (US$ million) - 31 December 2020 3,670 3,419 2,998 2,747 2,373 2,150 2,005 2.888 1,740 1,830 2.841 1,694 1,711 1,715 1,461 2.524 1,333 1.619 1,403 1,259 2.480 1,256 1,158 1.449 1.589 1.139 744 685 726 1.535 1.668 1.794 1.552 535 1.350 1.2571.225 1.351
Slide 20: Backlog (as of December 2022)
Engineering & Contracting Backlog (as of 31 December 2022) Revenue Based Expected Current Completion Remaining Project Location End Dates Contract Price Tekfen Portion Rate Amount (US$) Provision of Civil / Structural Construction, Mechanical Fabrication, Mechanical Construction, Instruments Control
Slide 21: Ongoing projects backlog breakdown
Engineering & Contracting Ongoing projects (as of 31 December 2020) Backlog Breakdown by Regions Backlog Breakdown by Project Types Fabrication Turkey 7% Pipeline 3% 21% Buildings 14% Transportation 10% Caspian Region Middle East Industiral 27% 53% Facilities 65% Region US$ (million) Project Type US
Slide 22: Engineering
Engineering & Contracting Engineering Tekfen Engineering Co., Inc. ❖ Founded in 1984. ❖ The Largest Engineering Company in Turkey, in Oil & Gas ❖ Undertakes the engineering (E) of EPC projects and the detailed engineering in other projects of Tekfen Contracting Group. ❖ Has experience on a wide spec
Slide 23: Tekfen Manufacturing Co., Inc.
Engineering & Contracting Tekfen Manufacturing Co., Inc. ▪ Founded in 1970. ▪ Specialized mainly in engineering, manufacturing and construction of high quality process and storage equipment related to petroleum, petrochemical, chemical and fertilizer industries and power plants, such as cylindrical
Slide 24: Fabrication Plants
Engineering & Contracting Fabrication Plants Ceyhan Steel Structure Fabrication Plant Bayil Steel Construction Manufacturing Plant ✓ Spread on an area of 160,000 m2, of which 30,000 m 2 is ✓ Tekfen’s manufacturing facility in Baku, Azerbaijan covered, ✓ Spread on an area of 290,000 m2, of which 26,0
Slide 25: Revenues and EBITDA Margin
Engineering & Contracting Revenues and EBITDA Margin Revenues (TRYmn) and EBITDA Margin (%) 20,0% 15,0% 13,2% 13,7% 11,2% 11,3%10,5% 10,0% 9,3% 9,3% 8,5% 7,3% 7,6% 5,0% 5,9% 5,8% 0,0% 2007 2008 2009 2010 2011 2012 2013 2014-1,4% 2015 2016 2017 2018 2019 2020 2021 2022 -5,0% -4,3% -4,8% -10,0% -13,1%
Slide 26: Ongoing projects – Caspian Region
Engineering & Contracting Ongoing projects – Caspian Region AZERBAIJAN – THE NEW MANAGEMENT OFFICE OF MINISTRY OF TAXATION OF AZERBAIJAN One of the newest landmark of Baku, The New Management Office of Ministry of Taxation of Azerbaijan will be constructed by Tekfen Construction. Total construction
Slide 27: Ongoing projects – Caspian Region
Engineering & Contracting Ongoing projects – Caspian Region KAZAKHSTAN – AREA 51 MULTI WELL PAD PROJECT The Future Growth Project (FGP) is major expansion of three new facilities: the 3rd Generation Plant (3GP), Pressure Boost Facility (PBF) and the 3rd Generation Injection (3GI), which will increas
Slide 28: Ongoing projects - Middle East
Engineering & Contracting Ongoing projects - Middle East QATAR – DESIGN AND BUILD OF AL KHOR EXPRESSWAY The Project comprises the Design and Build of a 34 km long expressway b/w Al Khor and Doha with a total of 10 lanes in both directions (five traffic lanes in each direction) and various junctions,
Slide 29: Ongoing projects - Middle East
Engineering & Contracting Ongoing projects - Middle East QATAR – GENRAL WORKS FOR OFFSITES 2 OF THE NORTH FIELD EAST ONSHORE PROJECT EPC-1 PACKAGE Contract with Chiyoda Technip Joint Venture (CTJV) for General Works for Offsites 2 of the North Field East Onshore Project EPC-1 Package. The planned du
Slide 30: Ongoing projects - Middle East
Engineering & Contracting Ongoing projects - Middle East SAUDI ARABIA- HARADH & HAWIYAH FIELD SATELLITE GAS COMPRESSION SaGCP PIPELINES PROJECT Saudi Aramco is installing gas compression facilities at Haradh & Hawiyah Saudi Arabia under the Southern Area Energy Efficiency Program. The Program in Sou
Slide 31: Real Estate Development - Completed Projects
Engineering & Contracting Real Estate Development - Completed Projects 1994 2003 2006 2008 Akmerkez Tekfen Tower Taksim Residences Yalıkavak Homes • First Mixed-use dev. in Turkey • Class A+ Office Building • Residential Project • Summer House & Boutique Hotel • 180,000 m² Construction Area • Locate
Slide 32: Strategic Direction
Engineering & Contracting Strategic Direction Tekfen Engineering & Contracting Group consistently works on the following in line with the goals of its Strategic Plan: ✓ Existing and new projects will be undertaken within the framework of the adopted business principles and occupational health, safet
Slide 33: Chemical Industry
Tekfen Group Chemical Industry Tekfen Group Engineering & Chemical Agricultural Services Investment www.tekfen.com.tr Contracting Industry Production
Slide 34: Overview
Chemical Industry Overview ✓ Symbol of “quality” and “trust” ✓ In business since 1981 under TOROS brand name ✓ Almost 1,000 employees ✓ Supplying every type of fertilizer Turkish farmers need ✓ Market leader since 1986 ✓ Vast dealers network with over 1,200 dealers ✓ Marketing and Sales Team located
Slide 35: Chemical Industry Overview: Turnover and EBITDA
Chemical Industry Overview → Active in fertilizer production and distribution → Chemical industry turnover of TRY 17,874 million and EBITDA of TRY 2,458 million as of 2022 Turnover EBITDA 17.874 2.458 1.802 7.200 3.888 736 3.439 2.664 496 460 1.541 1.536 1.715 2.069 348 1.354 206 204 87 73 2013 2014
Slide 36: Regional Offices & Other Units
Chemical Industry Regional Offices & Other Units TEKİRDAĞ ANKARA SAMSUN İSTANBUL REGIONAL OFFICE REGIONAL OFFICE REGIONAL OFFICE Head Office Warehouse Warehouse Warehouse ŞANLIURFA REGIONAL OFFICE Warehouse İZMİR REGIONAL OFFICE Warehouse ADANA REGIONAL OFFICE ANTALYA Bag Manufacturing Plant REGIONA
Slide 37: Regional Offices & Other Units
Chemical Industry Regional Offices & Other Units UKRAINE COUNTRY OFFICE TOROS-AGROPORT 37 Tekfen Group Engineering & Chemical Agricultural Services Investment www.tekfen.com.tr Contracting Industry Production
Slide 38: Fertilizers – Product Types
Chemical Industry Fertilizers – Product Types ➢ Nitrogen fertilizers: ➢ Phospate & Compound fertilizers (NPs and NPKs): ▪ AN26 (CAN) - Calcium Ammonium Nitrate ▪ DAP - Di-Ammonium Phosphate ▪ AN33 - Ammonium Nitrate ▪ NP 20.20; 20.20+Zn; Others ▪ AS - Ammonium Sulphate ▪ NPK 15.15.15; 15.15.15+Zn; O
Slide 39: Fertilizers – Total Sales
Chemical Industry Fertilizers – Total Sales Phosphates 53% Phosphates 54% Nitrogen Nitrogen 47% 46% 39 Tekfen Group Engineering & Chemical Agricultural Services Investment www.tekfen.com.tr Contracting Industry Production
Slide 40: Fertilizers – Leader in Turkish Fertilizer Market
Chemical Industry Fertilizers – Leader in Turkish Fertilizer Market Consumption and Toros Sales Volume/Market share Turkey’s Total Production and Toros’ Share 8.000 35% 7.000 42% 41% 40% 45% 31% 30% 31% 39% 39% 29% 37% 37% 39% 36% 7.000 28% 27% 26% 26% 27% 6.000 40% 30% 6.000 23%24% 23% 35% 25% 5.00
Slide 41: Fertilizers – Production Facilities
Chemical Industry Fertilizers – Production Facilities ✓ Three chemical fertilizer plants located in Mersin, Ceyhan and Samsun ✓ Two organic/organomineral fertilizer plant located in Gonen-Balikesir and Meram-Konya ✓ One water soluable fertilizer plant located in Mersin ✓ Total installed capacity is
Slide 42: Fertilizers – Production Capacity
Chemical Industry Fertilizers – Production Capacity MERSIN PLANT CEYHAN PLANT SAMSUN PLANT AN and CAN production NPK and DAP production NPK and DAP production CAPACITY CAPACITY CAPACITY 660,000 tpa CAN 2 x 330,000 tpa NPK 330,000 tpa NPK or 325,000 tpa DAP NITRIC ACID CAPACITY 330,000 tpa NPK & 200,
Slide 43: Biogas & Organic/Organomineral Fertilizer Plants
Chemical Industry Biogas & Organic/Organomineral Fertilizer Plants GONEN PLANT (Balikesir) MERAM PLANT (Konya) 70% Subsidiary of Toros Tarim 70% Subsidiary of Toros Tarim CAPACITY CAPACITY 3.62 Mwe electricity production 6.0 Mwe electricity production 35,000 tons of organomineral fertilizers 75,000
Slide 44: Fertilizers – DAP/NP/NPK Production Diagram
Chemical Industry Fertilizers – DAP/NP/NPK Production Diagram ➢ In Samsun Plant, Toros produces sulphuric and phosphoric acid for all its DAP/NPK units. AMMONIA SULPHUR SULPHURIC ACID PHOSPHORIC DAP/NP/NPK UREA/AS* ACID PHOSPHATE ROCK POTASH** *Urea and/or AS is added as nitrogen (N) source in addit
Slide 45: Fertilizers – CAN/AN Production Diagram
Chemical Industry Fertilizers – CAN/AN Production Diagram ✓ In Mersin Plant, Toros produces nitric acid for its CAN/AN unit. AMMONIA AMMONIUM NITRATE AMMONIUM AIR NITRATE CALCIUM NITRIC ACID AMMONIUM NITRATE WATER LIME STONE 45 Tekfen Group Engineering & Chemical Agricultural Services Investment www
Slide 46: Fertilizers – Production and Imports
Chemical Industry Fertilizers – Production and Imports Production - Breakdown by Products Nitrogen Phosphates 67% 63% 63% 63% 63% 63% 61% 59% 58% 58% 42% 42% 37% 38% 36% 37% 33% 37% 35% 35% * 2013: 1.41 mn 2014: 1.49 mn 2015: 1.36 mn 2016: 1.30 mn 2017: 1.58 mn 2018: 1.60 mn 2019: 1.68 mn 2020: 1.79
Slide 47: Product Stewardship
Chemical Industry Product Stewardship ✓ In 2018, Toros Tarim became the first Turkish fertilizer producer who received IFA Protect & Sustain Certificate and distinct group of 55 producers from 51 countries. ✓ Product Stewardship refers to the industry’s Safety, Health and Environmental (SHE) managem
Slide 48: Environmentally Conscious Production
Chemical Industry Environmentally Conscious Production MERSIN PLANT CEYHAN PLANT SAMSUN PLANT ✓ Catalytic reduction system to ✓ ISO 14001:2015 Environment ✓ Emission Certificate keep NOX emission in exhaust Management ✓ ISO 14001:2015 Environment gases released to atmosphere ✓ ISO 9001:2015 Quality
Slide 49: Social Responsibility
Chemical Industry Social Responsibility Supporting farmers; Raising awareness; ▪ Educational seminars and training programs ▪ Supporting UNFPA’s “Improving health conditions of through «Farmer Academy» to improve agricultural seasonal workers in agriculture” program in Turkey productivity and produc
Slide 50: Agricultural Production
Agricultural Production AGRICULTURAL PRODUCTION Tekfen Group Engineering Chemical Agricultural Services Investment www.tekfen.com.tr & Contracting Industry Production
Slide 51: Tekfen Agri in Brief
Agricultural Production Tekfen Agri Tekfen Agri in Brief ✓ Founded in 2017. ✓ 90% of the Alanar Fruit and its affiliated company Alara Nursery was bought in 2017. ✓ Following an approval of The Ministry of Industry and Technology, Tekfen Agri Adana Agripark has become the R&D Centre in 2018. ✓ Upon
Slide 52: Alanar Fruit & Alanar Sapling
Agricultural Production Alanar Fruit & Alanar Sapling Revenues (TRYmn) 300 265 250 206 201 200 184 158 150 100 34 50 0 2017 2018 2019 2020 2021 2022 EBITDA (TRYmn) & EBITDA margin (%) Net profit (TRYmn) & Net margin (%) 0 0,0% 40 31 20,0% -6,0% -20 20 10,0% -2,4% -1,3% -9,4% -33,0% -16 -20,0% -3,6%
Slide 53: Tekfen Tarım - Seed & Sapling Activities
Agricultural Production Tekfen Tarım - Seed & Sapling Activities Micropropagation: ▪ Targets to meet the sector's demand for high quality, high-yield and disease-free homogenous seed, saplings and young plants ▪ First local successful producer of potato seeds on commercial scale by using micropropag
Slide 54: Services
Services SERVICES Tekfen Group Engineering Chemical Agricultural Services Investment www.tekfen.com.tr & Contracting Industry Production
Slide 55: Marine Terminal Services
Services Marine Terminal Services ✓ Providing loading/unloading and storage services to third parties ✓ Ceyhan Port: Turkey’s 7th largest dry bulk & general cargo port One of the most important transit terminals for petroleum products in Eastern Mediterranean ✓ Strong brand name associated with high
Slide 56: Marine Terminal Services
Services Marine Terminal Services ➢ 1 jetty with 2 berths handling 14,000 tons of dry bulk cargo per day ➢ Closed storage area capacity: 210,000 tons ➢ Open storage area capacity: 300,000 tons SAMSUN PORT CEYHAN PORT ➢ 2 jetties with 8 berths handling 60,000 tpd of dry bulk cargo and 20,000 tpd of l
Slide 57: Marine Terminal Services
Services Marine Terminal Services Dry&Liquid Bulk and General Cargo * Petroleum Products Handled Quantity (mn tons) Occupancy Rate 6,96 77% 79% 6,00 5,60 70% 4,88 60% 4,48 4,42 4,18 4,40 4,40 55% 3,72 42% 43% 40% 9% 4% 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2013 2014 2015 2016 2017 2018 2
Slide 58: Terminal Revenues, EBITDA & Net Income
Services Marine Terminal Services Terminal Revenues, EBITDA & Net Income (TRYmn) 399 257 244 215 202 171 145 153 137 143 133 123 120 120 117 85 91 93 90 83 82 69 72 67 68 54 42 30 23 32 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Revenues EBITDA Net Income 58 Tekfen Group Engineering Chemical
Slide 59: Adana Yumurtalık Free Zone (TAYSEB)
Services Adana Yumurtalık Free Zone (TAYSEB) ➢ Established in 1990 ➢ Founding partner and operator of the one of the largest free zones in Turkey ➢ 4.5 million m2 of area and fully installed infrastructure ➢ One of Turkey's biggest free zones today ➢ Strategically located in Ceyhan region which is b
Slide 60: Tekfen Services
Services Tekfen Services ✓ Facility Management of Tekfen Tower, Taksim Residences, Tekfen Offices, Yalıkavak Tekfen Houses, Gumusluk Muskulum Ciftligi, Kagithane Office Park, Levent Office and S-Cafe are directed and operated by Tekfen Tourism & Facility Management Co., Inc. under the brand name of
Slide 61: Tekfen Insurance
Services Tekfen Insurance ✓ Tekfen Insurance started the insurance operations as the agency of La Suisse Insurance in 1982. ✓ Tekfen Insurance continues today with the agency in all insurance branches in Turkey and 18 of the world's leading insurance companies. ✓ Tekfen Services has generated TRY36.
Slide 62: Investments
Investments INVESTMENTS Tekfen Group Engineering & Chemical Agricultural Services Investment www.tekfen.com.tr Contracting Industry Production
Slide 63: Tekfen Tower & Akmerkez
Investments Tekfen Tower & Akmerkez → Tekfen Holding earns rental income from the offices it owns in Akmerkez and Tekfen Tower. → Tekfen Tower has 33.000 m² rentable area, of which, 30% is used by Group Companies, while the rest is rented to various institutions. → Total rental income from Tekfen To
Slide 64: Tekfen Ventures
Investments Tekfen Ventures Investing in the Future Based in New York City, Tekfen Ventures is an early stage venture fund investing in technologies that will redefine our sectors. As a Portfolio Companies leader in our industry, we have the opportunity and responsibility to help drive the critical
Slide 65: SOCAR Polymer
Investments SOCAR Polymer ✓ Founded in 2013 ✓ 184 kta PP and 120 HDPE kta production capacity ✓ PP and HDPE plants were put into operations in July 2018 and February 2019, respectively ✓ 10% of the shares are owned by Tekfen Holding ✓ Turkey, Azerbaijan, Western and Central Europe and Russia are the
Slide 66: Berlin & Dortmund Projects
Investments Berlin & Dortmund Projects Dortmund Investment: ✓ On 2 May 2019, an investment in the amount of 3 million Euro with the purchase of 12.58% share ✓ Operation after the partial renovation of the office building built in 1993 located in the city center of Dortmund / Germany. ✓ The pre-sales
Slide 67: Appendix
Tekfen Group Appendix Financial Highlights 68 Net Cash Position 69 Capital Expenditures 71 Disclaimer 73 Contact Info 74 67 Tekfen Group Engineering & Chemical Agricultural Services Investment www.tekfen.com.tr Contracting Industry Production
Slide 68: Financial Highlights – Segmental Breakdown
Tekfen Group Financial Highlights – Segmental Breakdown (Million TRY) Revenue 2021 2022 Contracting 8,197 10,916 Chemical Industry 7,200 17,874 Agricultural Production 184 265 Services 562 1,501 Investment 79 112 Total 16,223 30,668 EBITDA 2021 Margin 2022 Margin Contracting -1,073 -13.1% 633 5.8% C
Slide 69: Net Cash Position – Old Segments
Tekfen Group Net Cash Position – Old Segments* Tekfen Group Net Cash Position (TRY million) Net Cash Position by segment (TRY million) 3.596 *** 2016 2017 2018 2019 **** 3.329 2.090*** 1.562 **** 2.136 ** 1.256 ** 800 801 834 749 586 672 511 227 331 2016 2017 2018 2019 -695 Contracting Agri Industry
Slide 70: Net Cash Position – New Segments
Tekfen Group Net Cash Position – New Segments* Tekfen Group Net Cash Position (TRY million) Net Cash Position by segment (TRY million) 2019 2020 2021 2022 3.329** 2.076 2.043 2.048 2.074 ** 1.562 1.233 1.033 570 248 347 178 169 11 1.678 -47-176 *** -118 -336 -264 1.299 1.046 -2.351 -2.949 2019 2020
Slide 71: Capital Expenditures – Old Segments
Tekfen Group Capital Expenditures – Old Segments Capital Expenditures (Segmental Breakdown, Million TRY) 401,5 3,2 296,1 291,8 3,8 261,9 232,7 17,0 3,9 193,3 184,1 3,7 169,7 0,7 71,5 1,0 371,2 4,0 61,1 167,0 96,5 49,9 275,0 6,7 158,4 120,0 11,4 167,9 186,5 142,6 107,7 78,4 27,0 45,7 24,7 17,3 2011 2
Slide 72: Capital Expenditures – New Segments
Tekfen Group Capital Expenditures – New Segments Engineering & Contracting Chemical Industry Agricultural Production Services Investment 905.5 26,7 567.7 556.1 9,5 1,9 527,9 30,9 42,8 291.7 185,3 240,5 18,2 23,5 13,0 62,2 180,4 134,5 51,6 57,2 244,0 170,3 192,9 107,7 2019 2020 2021 2022 72 Tekfen Gr
Slide 73: Disclaimer
Tekfen Group Disclaimer Tekfen 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 management. N
Slide 74: Contact Information
Tekfen Group Contact Information For General Questions and Requests for Reports: Çağlar Gülveren, CFA Investor Relations and Corporate Governance Director, Tekfen Group of Companies E-mail: caglar.gulveren@tekfen.com.tr / investor@tekfen.com.tr TEL: +90 212 359 34 20 Sezer Ercan Investor Relations A