Global Yatirim Holding A.s. · BIST:GLYHO
Global Yatirim Holding A.s — Global Investment Holdings — 9M 2018 Earnings Presentation
22 slides from Global Yatirim Holding A.s's earnings presentation, 2018
Slide 1: Financial Presentation 9M 2018
GLOBAL INVESTMENT HOLDINGS Financial Presentation 9M 2018
Slide 2: Current Portfolio (9M 2018)
Current Portfolio (9M 2018) Brokerage & Asset Ports Power/Gas/Mining Real Estate Management Revenue: 431.6mn TL Revenue: 298.5mn TL Revenue: 45.8mn TL Revenue: 36.3mn TL EBITDA: 300.7mn TL EBITDA: 48.9mn TL EBITDA: 20.1mn TL EBITDA: 2.1mn TL Net Debt: 244.7mn USD / Avg. Maturity: 4.7 yrs Net Debt: 9
Slide 3: I – Financial Review
G GLOBAL INVESTMENT HOLDINGS |— FINANCIAL REVIEW
Slide 4: Financial Highlights
Financial Highlights (TL mn) Net revenues 1H 2018 3Q 2018 1H 2017 3Q 2017 9M 2018 9M 2017 %change Gas 94.0 90.4 97.7 68.1 184.5 165.8 11% Power 37.7 21.7 13.3 18.9 59.4 32.3 84% Mining 31.2 23.4 26.9 18.7 54.6 45.6 20% Ports 231.0 200.6 180.9 135.2 431.6 316.2 37% Brokerage & Asset Management 23.6 1
Slide 5: Major Developments
Major Developments Memorandum of Understanding signed with the Government of Antigua and Barbuda • Global Ports Holding Plc (GPH), following bilateral discussions over the past few months, has signed a Memorandum of Understanding (MoU) with the Government of Antigua and Barbuda to negotiate a long
Slide 6: Financial Highlights: Change in Revenue
Financial Highlights: Change in Revenue Revenue (mn TL) (9M 2017 vs. 9M 2018) 15,2 18,6 9,1 24,2 27,1 115,4 * İncluding spot 820,6 gas sales 611,0 Real Estate Ports Power Gas Mining Q3 2017 Brokerage, Asset Q3 2018 Mngmnt.&Others Global Investment Holdings’ (GIH) reported 820.6mn TL revenues for t
Slide 7: Financial Highlights: Change in Operating EBITDA
Financial Highlights: Change in Operating EBITDA EBITDA (mn TL) (9M 2017 vs. 9M 2018) 10,7 4,9 0,9 -1,0 5,2 4,4 22,3 94,0 349,4 208,0 Other Ports Stand Alone Gas Mining Power Q3 2017 Q3 2018 Real Estate Brokerage& Mngmnt. Holding Asset At the end of 9M 2018, GIH’s operating EBITDA surged by 68% ,
Slide 8: Financial Highlights: Operational EBITDA by Division
Financial Highlights: Operational EBITDA by Division 323,8 Operational EBITDA By Divison (in million TL) 216,3 30,5 8,1 13,7 0,4 4,8 3,0 1,2 2,1 Brokerage Mining Ports Power CNG & Asset Mng. 9M 2017 9M 2018 8
Slide 9: Financial Highlights: Change in P&L & Debt Position
Financial Highlights: Change in P&L & Debt Position • GIH reported a consolidated net loss of 86.2mn TL in 9M 2018, compared to a net loss of 159.1mn in 9M 2017. Despite higher revenue recognition along with EBITDA maximization, the net loss stemmed mainly from non-cash depreciation and foreign curr
Slide 10: II – Operational Performance by Division
II – OPERATIONAL PERFORMANCE BY DIVISION
Slide 11: Port Division: Global Ports Holding Plc
Port Division: Global Ports Holding Plc GPH Total Revenues Passenger volumes for the 9 months fell -0.4% yoy, with 3.1mn PAX Cruise EBITDA Margin* & & handled in the period Commercial EBITDA Margin* Consolidated EBITDA (TL) o The passenger growth in the Spanish Ports overshadowed by the 78,4% unus
Slide 12: Power Division: Co-Gen and Biomass
Power Division: Co-Gen and Biomass Power division, which includes co/tri-generation and recently commenced biomass renewable power production, reported 59,4mn TL revenues in 9M 2018, almost doubling yoy thanks to: the first time consolidation of biomass operations with 17.2MW installed capacity
Slide 13: Power Division: Solar
Power Division: Solar Ra Solar has fulfilled all obligations to commence construction of 9 MW Mardin Solar Farm. GIH aims to finalize investment and start power generation at the end of H1 2019 Furthermore, Ra Solar plans to commission additional projects in accordance with licensed as well as u
Slide 14: Gas Division: Naturelgaz
Gas Division: Naturelgaz Naturelgaz Naturelgaz reported 110.5mn m3 sales volume (excluding spot gas sales) in Revenue, EBITDA and Volume 9M 2018, compared to 112.3mn m3 for the same period of 2017 The Gas Division revenues (excluding spot gas sales) increased by 29.8% 184.5 in 9M 2018 yoy driven
Slide 15: Mining Division: Straton
Mining Division: Straton The Company realized 367,826 tons of product sales. The Company exported 238,695 tons feldspar mainly to Spain, Italy, Egypt and Middle East while domestic sales volume reached 129,131 tons Straton continued sales of high-quality products with growing volumes and reali
Slide 16: Real Estate Division: Ardus
Real Estate Division: Ardus In 9M 2018, revenues of the Real Estate Division were comprised of rent revenues and residential/commercial sale revenues. Real Estate Division revenues more than doubled, reaching 45.8mn TL in 9M 2018, while operating EBITDA surged 32%, reaching 20.1mn TL • The incre
Slide 17: Brokerage and Asset Management Division: Actus & Global Securities & Global MD
Brokerage and Asset Management Division: Actus & 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 revenues and advisor
Slide 18: III – Appendix
G GLOBAL INVESTMENT HOLDINGS lili - APPENDIX
Slide 19: Balance Sheet
Balance Sheet (TL Million) 30 Sep 2018 31 Dec 2017 Current Assets 1,920.2 919.8 Cash and Banks 707.2 439.9 Marketable Securities 4.0 5.5 Trade Receivables 299.7 195.3 Inventories 62.4 98.3 Other Receivables and Current Assets (1) 847.0 180.1 Assets classified as held for sale 610.9 0.9 Non-current A
Slide 20: Income Statement
Income Statement (TL mn) 9M 2018 9M 2017 Total gross revenues 774.9 589.4 Cost of sales and services -524.1 -421.6 Gross Profit 250.8 167.8 Operating expenses -172.0 -143.5 Other operating income/(loss), net 12.3 -62.0 Equity pickup asset gains/(losses) 17.4 5.7 Gross operating profit/(loss) 108.5 -
Slide 21: Debt Position - As of 30.09.2018
Debt Position - As of 30.09.2018 Interest Year of Holding standalone debt (TL m) Currency Rate Maturity Amount TL mn US$ mn Eurobond, net USD fixed 2022 19.4 3.2 TL bond TL floating 2019 14.8 2.5 TL bond TL floating 2020 25.0 4.2 TL bond 1 TL fixed 2018 45.0 7.5 TL bond TL fixed 2019 15.0 2.5 TL bon
Slide 22: 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
Global Investment Holdings — 9M 2018 Earnings Presentation on 6ix