Global Yatirim Holding A.s. · BIST:GLYHO
Global Yatirim Holding A.s — Global Investment Holdings — 6M 2024 Earnings Presentation
34 slides from Global Yatirim Holding A.s's earnings presentation, 2024
Slide 1: Global Investment Holdings Financial Presentation 6M 2024
GLOBAL INVESTMENT HOLDINGS Financial Presentation 6M 2024
Slide 2: Corporate Portfolio
Corporate Portfolio
Slide 3: Global Investment Holdings corporate portfolio
G GLOBAL INVESTMENT HOLDINGS a INVESTMENT HOLDINGS c= —_ GS GLOBAL PoRTS (arurnetacaz Gistraton HOLDING crs HOLDING AS., MARDUS tye al becth, istSnbul Portfey 90.2% 50.9% 60.0% 66.6% 4 , = Van's first = The world's largest = Co/Tri generation: = Turkey’s&Europe’s "One of Turkey’s = AUM: 108.3bn TL s
Slide 4: I – Financial Review
INVESTMENT HOLDINGS
Slide 5: Financial Highlights
Financial Highlights as per IAS29 2 Net revenues (mn TL) Q1 24 Q2 24 6M 24 6M 23 % Change Gas 1,484.1 842.6 2,326.7 2,710.6 -14% Power 313.9 303.3 617.2 707.3 -13% Mining 129.4 112.1 241.5 307.4 -21% 1 Ports 1,342.9 2,006.9 3,349.8 2,437.2 37 % Brokerage&Asset Management 369.4 349.5 719.0 568.3 27 %
Slide 6: Financial Highlights (as per IAS29)
Financial Highlights (as per IAS29) 6
Slide 7: Change in Revenue & EBITDA
G GLOBAL mmm JNVESTMENT HOLDINGS Change in Revenue & EBITDA
Slide 8: Revenue and EBITDA (mn TL)
Revenue (mn TL)1 EBITDA (mn TL) 8
Slide 9: Financial Highlights: Change in P&L
1 Revenues exclude the impact of IFRIC 12 on Cruise Ports amounting to 434.5mn TL for 6M 2024 and 900.2mn TL for 6M 2023 Financial Highlights: Change in P&L ▪ GIH reported a consolidated net profit of 692.5mn TL in 6M 2024, compared to a net profit of 320.9mn TL in 6M 2023, indicating 116% increase
Slide 10: Amounts presented as per IAS 29
* The amounts for the years 6M 2023 and 6M 2024 are presented as per IAS 29. 10
Slide 11: Net Debt/EBITDA (as per IAS29)
Net Debt/EBITDA (as per IAS29) 11
Slide 12: Net Debt rise from San Juan and St. Lucia project financing
➢ As a result of the project financing for the San Juan and St. Lucia ports, Net Debt rose by 111mn USD. However, with only 5.3mn USD of EBITDA from these ports being consolidated in the financial statements for the first half of the year, the Net Debt/EBITDA ratio has increased post-2023. 12
Slide 13: III – Financial & Operational Performance by Division
III – FINANCIAL & OPERATIONAL PERFORMANCE BY DIVISION
Slide 14: Ports Division: Global Ports Holding Plc (GPH)
Ports Division: Global Ports Holding Plc (GPH) ➢ Number of calls at GPH`s consolidated ports in Jan-Aug 2024 was 22% higher than Jan-Aug 2023 levels, while 14 number of passengers visiting GPH`s consolidated ports in Jan-Aug 2024 was 29% higher than 2023 levels.
Slide 15: Ports Division: Global Ports Holding Plc (GPH)
9 Ports Division: Global Ports Holding Plc (GPH)
Slide 16: Cruise demand, GPH results and delisting
▪ The cruise industry continued to experience strong demand in Q2 2024 with booking volumes surpassing 2023 levels, marking record numbers for 2024 sailings. This indicates a growing number of cruise passengers, which could translate into increased traffic and demand for port services. ▪ Average occ
Slide 17: Ports revenue excluding IFRIC 12 impact
1 Revenues exclude the impact of IFRIC 12 on Cruise Ports amounting to 434.5mn TL for 6M 2024 and 900.2mn TL for 6M 2023
Slide 18: Gas Division
G GLOBAL mmm JNVESTMENT HOLDINGS Gas Division:
Slide 19: Naturelgaz volume, EBITDA and net profit
G GLOBAL = mmm JNVESTMENT HOLDINGS Volume (mn sm?) 21% 156 L 6M 23 6M 24 Naturelgaz EBITDA (mn TL) 469 437 7% | 6M 23 6M 24 Net Profit (mn TL) 135 89% 71 6M 23 6M 24 Gharursicaz
Slide 20: Naturelgaz sales volume up 21%
▪ Sales volume reached 156mn Sm3 in 6M 2024, representing an increase of 21% yoy. ➢ The increase in sales volume was mainly driven by Citygas sales. Citygas sales volume increased by 35% yoy, reaching 94mn Sm3 . The number of districts and towns reached 124 by the end of June 2024. ▪ Due to inflatio
Slide 21: Naturelgaz facilities and market share
▪ Naturelgaz operates with a total of 16 facilities, including 13 Bulk CNG plants, 2 Auto CNG stations and 1 Bulk CNG plant with a partnership agreement. ▪ Naturelgaz continues its international project development activities within the scope of the implementation of its current business model abroa
Slide 22: Power Generation: Distributed Energy, Biomass and Solar
Power Generation: GLOBAL INVESTMENT HOLDINGS Distributed Energy, Biomass and Solar Total Installed Capacity QB 97.6 MW > 43.5 MW renewable sources > YEKDEM mechanism@ ™ . EBITDA (mn TL) 6M 23 6M 24 Net Profit (mn TL) In April 2024, the Group decided to permanently shut down its 5.2 MW biomass plant
Slide 23: Mining Division: Straton
G GLOBAL mmm JNVESTMENT HOLDINGS Mining Division: Straton
Slide 24: Straton sales volume and EBITDA
The Company, because of the decline in demand from the local and European markets, achieved a ▪ sales volume of 118,291 tons in 6M 2024, representing a 40% decrease yoy. ▪ The Company’s main export markets continued to be Spain, Italy and Egypt. Export related sales volume was 88,931 tons while dome
Slide 25: Guney Maden new feldspar quarries
▪ Guney Maden, another mining company within the Group, has completed the authorization process for two new feldspar quarries in the Aydın region and initiated production activities in one of those quarries. The new licenses are expected to increase the Group's total feldspar reserves and help incre
Slide 26: Real Estate Division: Ardus
Real Estate Division: Ardus 26
Slide 27: Real Estate division revenues and projects
The Real Estate division's revenues include rent revenues and residential/commercial sales revenues. > The real estate division registered 6% increase in revenues and 8% increase in EBITDA in 6M 2024 yoy, with revenues and EBITDA standing at 96mn TL and 44mn TL, respectively. Operational improvement
Slide 28: Asset Management & Brokerage Division
Asset Management & Brokerage Division: Istanbul Asset Management & Global Securities & Global MD 28
Slide 29: Brokerage and asset management revenues and EBITDA
G GLOBAL mmm JNVESTMENT HOLDINGS = Revenues of the brokerage and asset management division consists of securities brokerage commissions, interest revenues on margin lending transactions, portfolio management fees, proprietary trading revenues and advisory fees . = The brokerage & asset management di
Slide 30: Balance Sheet
IV – APPENDIX Balance Sheet (TL Million) 30 Jun 2024 31 Dec 2023 ASSETS Current assets 12,798.5 11,051.0 Cash and banks 6,802.5 5,483.3 Marketable securities 928.3 872.2 Trade and other receivables 2,965.2 2,477.9 Inventories 572.9 721.6 Other current assets 1,529.6 1,496.0 Non-current assets 46,401
Slide 31: Balance sheet continued and Income Statement
Provisions and other long term liabilities 541.4 590.0 Deferred tax liabilities 1,859.1 2,244.6 Total shareholders' equity 13,631.6 13,204.9 Paid in capital 650.0 650.0 Reserves 5,216.0 5,385.2 Previous years' profit/loss 2,647.0 -72.7 Profit/(loss) for the period 692.5 2,504.4 Minority Interest 4,4
Slide 32: Income Statement
Operating expense -1,756.47 -1,532.97 Other operating income/(loss), net 83.08 112.95 Equity pickup asset gain/(loss) 84.04 127.12 Gross operating profit/(loss) 1,855.87 1,380.14 Financial income/(expense), net -787.38 -31.10 Profit/(loss) before tax 1,068.49 1,349.04 Taxation 294.26 -652.49 Profit/
Slide 33: Disclaimer
EBITDA 2,898.96 2,324.87 18 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 opin
Slide 34: Investor Relations contact
For further information, please contact: Investor Relations Global Yatırım Holding A.Ş. Büyükdere Cad. No: 193 Şişli 34394 Istanbul, Turkey Google Maps: 41.07961,29.01141 Phone: +90 212 244 60 00 Email: investor@global.com.tr Website: www.globalyatirim.com.tr facebook.com/GLYHOIR twitter.com/GLYHOIR
Global Investment Holdings — 6M 2024 Earnings Presentation on 6ix