Slide 1: Koç Holding FY18 Earnings Presentation
Koç Holding FY18 Earnings Presentation 15 February 2019
Slide 2: Strong Positioning via Diversified Structure
Strong Positioning via Diversified Structure Consolidated Net Income (TL mn) Dividend Income (TL mn) +13% 5,537 2,639 4,909 1,228 1,291 1 2017 2018 2016 2017 2018 1 Solid dividend flow supported by ~TL 37 bn of investments Sustainable performance leveraging on diversified structure over the last 5 y
Slide 3: Disciplined Approach
Disciplined Approach Strong US$ 1.9 bn gross cash → 80% in US$, 20% in TL US$ 1.5 bn total debt Cash Position (Solo) US$ +427 mn net cash Stable 2 eurobonds totaling US$ 1.5 bn → Mar’16: US$ 750 mn, 7yrs, 5.25% coupon; Apr’13: US$ 750, 7 yrs, 3.5% coupon Funding No repayment requirements until 2020
Slide 4: Energy
Energy Sales Volume, Domestic Market (mn tons) Aygaz (‘000 tons) +4% Sales Volume Ranking: #1 Energy Segment -7% 2,154 2,000 Share in Share in Combined Consolidated 1,025 Operating Profit 2 Net Income 907 +9% 35 48 +2% +2% 759 730 41% 26% 335 315 Diesel Jet Fuel Gasoline LPG 2017 2018 Nov'17 22.2 4.
Slide 5: Automotive
Automotive Sales Units, Domestic Market (‘000) Export Units, Turkey (‘000) Koç Koç Share 14% 14% 56% 52% 22% 21% 24% 22% Share 43% 43% Automotive Segment -35% -1% 1,333 1,319 Share in Share in -33% Combined Consolidated Operating Profit 1 Net Income -42% -33% 24% 30% Passenger Light Heavy TOTAL Cars
Slide 6: Consumer Durables
Consumer Durables Sales Units, Market (mn) Export Units, Turkey (mn) -1% Consumer Durables Segment +7% 22.1 20.6 Share in Share in -17% Combined Consolidated +8% Operating Profit 1 Net Income +5% 9% 7% Western Eastern Turkey S. Africa Europe Europe 2017 8.5 52.7 19.2 2.1 2017 2018 2018 7.1 52.4 20.7
Slide 7: Finance
Finance YKB Profitability YKB Operational Performance Net Income (TL mn) ROATE Cost/Income1 CoR Finance Segment 4,668 58 bps 29% 14.2% 44% 2.74% Share in Share in 3,614 13.6% Combined Consolidated 34% 2.56% 2 Operating Profit Net Income 1.08% 26% 31% 2017 2018 2017 2018 2017 2018 2017 2018 TL mn, co
Slide 8: Group's Overall Financial Performance
Group’s Overall Financial Performance Consumer TL mn, FY18 Energy Automotive Finance Other Total Durables Combined Revenues 1 153,250 65,716 30,244 43,227 13,837 306,275 y/y 57% 18% 29% 46% 25% 41% Combined Operating Profit2 9,620 5,614 2,211 6,039 119 23,602 y/y 52% 41% 50% 43% -35% 46% Combined Pr
Slide 9: Consolidated Net Income
Consolidated Net Income 1 1 1 Consolidated Net Income (TL mn) Normalized -10% Normalized +12% Normalized +13% y/y -16% +23% +7% +35% +52% +13% 134 5,537 24 440 4,909 307 - 276 2017 Energy Auto Cons. Durables Finance Other 2018 2017 2018 Other Other 5.3% 7.1% Energy Finance 25.9% Energy 25.7% Finance
Slide 10: Wrap-Up
Wrap-Up Disciplined management approach and balance sheet strength ensuring resilience against volatility Sustainable performance and solid net cash position www.koc.com.tr 10
Slide 11: Disclaimer
Disclaimer This presentation does contain forward-looking statements that reflect the Company management’s current views with respect to certain future events based on the base-case assumptions. Although it is believed that the expectations reflected in these statements are reasonable, they may be a
Slide 12: ANNEX
ANNEX www.koc.com.tr] 12
Slide 13: Consolidated Main Financial Indicators
Consolidated Main Financial Indicators 2018 TL mn 2017 2018 Y/Y € mn $ mn Revenues 98,867 143,248 45% 25,297 29,760 Gross Profit 16,277 22,439 38% 3,963 4,662 Operating Profit 10,427 12,963 24% 2,289 2,693 Profit Before Tax 8,659 8,691 0% 1,535 1,806 Taxes (net) -762 -266 -65% -47 -55 Net Income Bef
Slide 14: Combined Net Income – Consolidated Net Income
Combined Net Income – Consolidated Net Income Combined Net Income (TL mn) 1 y/y -10% +16% +5% +35% +31% +12% Normalized +12% 1 1 Normalized Normalized -7% +10% 13,979 12,514 4,471 4,734 4,007 3,851 3,502 3,315 841 881 386 507 Energy Auto Cons. Durables Finance Other Total Consolidated Net Income (TL
Slide 15: Unlisted Companies
Unlisted Companies FY18 Koç Hol di ng Revenues Opera ting Profi t1 EBITDA Book Va l ue (SHE) TL mn Di rect Sha re 2017 2018 2017 2018 2017 2018 2017 2018 Arçel i k LG Kl i ma 5.00% 793 955 21 55 31 70 259 277 Bi l kom 69.94% 1,728 2,331 50 107 51 108 83 116 Düzey 31.15% 1,688 1,759 17 -3 18 1 69 17
Slide 16: Shareholding Structures
Shareholding Structures Koç Holding Koç Family: 64.3%1 Free Float: 26.5% Vehbi Koç Foundation: 7.3% Koç Pension Fund: 2% Consumer Energy Automotive Finance Other Durables Tüpraş Ford Otosan Arçelik Tat Gıda SPV: 51% KH: 38% Koç Financial Services KH: 41% KH: 44% Free float: 49% Ford: 41% KH: 42% Oth
Slide 17: For Further Questions, Please Contact
For Further Questions, Please Contact : investorrelations@koc.com.tr www.koc.com.tr IR Application Gülsevin Tuncay, Coordinator Investor Relations gulsevint@koc.com.tr +90 216 531 0428 Gizem Poyraz, Manager Investor Relations gizemb@koc.com.tr +90 216 531 0533 Neslihan Aycıl, Manager Investor Relati