Global Yatirim Holding A.s. · BIST:GLYHO
Global Yatirim Holding A.s — Q2 2016 Earnings Presentation
22 slides from Global Yatirim Holding A.s's earnings presentation, 2016
Slide 1: Global Investment Holdings Financial Presentation Q2 2016
GLOBAL INVESTMENT HOLDINGS Financial Presentation Q2 2016
Slide 2: Current Portfolio – Q2 2016
Current Portfolio – Q2 2016 Global Investment Holdings Brokerage & Asset Ports Power/Gas/Mining Real Estate Management Revenue: 11.7mnTL Revenue: 153.9mnTL Revenue: 97.2mnTL Revenue: 16.5mnTL EBITDA: 7.6mnTL EBITDA: 83.1mnTL EBITDA: 9.6mnTL EBITDA: -4.6mnTL Net Debt: 41.7mnTL Net Debt: 286.5 mnUSD A
Slide 3: I – Financial Review
G GLOBAL INVESTMENT HOLDINGS |— FINANCIAL REVIEW
Slide 4: Financial Highlights
Financial Highlights (TL mn) Net revenues Q1 2016 Q2 2016 Q1 2015 Q2 2015 H1 2016 H1 2015 %change Power / Gas / Mining 39.6 57.6 33.9 59.5 97.2 93.4 4% Ports 54.6 99.4 42.5 78.1 153.9 120.6 28% Brokerage & Asset Management 8.7 7.8 6.7 6.9 16.5 13.7 21% Real Estate 5.8 5.9 1.3 5.0 11.7 6.3 87% Holdin
Slide 5: Ports: Major Developments
Major Developments Venice Cruise Port - GPH had submitted a binding offer on 24 March 2016, as part of a strong international consortium (formed by Global Ports Holding, Costa Costa Crociere S.p.A, MSC Cruises S.A. and Royal Caribbean Cruises Ltd. ) to the international tender by the APV Investime
Slide 6: Financial Highlights: Change in Revenue
Financial Highlights: Change in Revenue Revenue (H1 2015 vs. H1 2016) 300 3.8 5.4 3.9 33.3 250 200 150 280.5 234.1 100 50 0 H1 2015 Ports Gas/Mining/Power Real Estate Brokerage, Asset H1 2016 Mngmnt.&Others During the first six months of 2016, Global Investment Holdings‟ (GIH) revenues reached TL2
Slide 7: Financial Highlights: Change in EBITDA
Financial Highlights: Change in EBITDA EBITDA (H1 2015 vs. H1 2016) Operating EBITDA : TL 19.7 million 120.00 -2.9 6.4 -2.8 -1.9 100.00 -18.1 20.9 80.00 60.00 40.00 77.7 79.3 20.00 - H1 2015 Ports Gas/Mining/Power Real Estate Brokerage&Asset Holding Stand One-off H1 2016 Mngmnt. Alone income/expense
Slide 8: Financial Highlights: Operational EBITDA by Division
Financial Highlights: Operational EBITDA by Division (Reported EBITDA adjusted for non-recurring items) Operational EBITDA By Divison (in million TL) 60.0 50.0 40.0 30.0 20.0 10.0 0.0 -10.0 Port Ege Ports BPI Port of Bar Bodrum Port Naturelgaz Straton Tres Energy Real Estate Global Akdeniz Mining Se
Slide 9: Financial Highlights: Change in P&L
Financial Highlights: Change in P&L GIH reported a consolidated net loss of TL45.1mn in H1 2016, compared to a net loss of TL51.6mn in H1 2015. The main reasons for the loss were non-cash depreciation charges, and increase in net interest expenses. Depreciation and amortisation charges have increa
Slide 10: II – Operational Performance by Division
II – OPERATIONAL PERFORMANCE BY DIVISION 10
Slide 11: Global Ports Holding
Global Ports Holding GPH Total Revenues Cruise EBITDA Margin* & & Comercial EBITDA Margin* EBITDA* 68.3% Group‟s total passengers increased by 11.2% in H1 2016 compared to H1 2015 through inorganic growth. When VCP proforma effect in H1 2016 is included, total 153.9 64.9% passengers indicate a 3.7
Slide 12: Power/Gas/Mining: Naturelgaz
Power/Gas/Mining: Naturelgaz Naturelgaz Revenue & Volume The Group‟s Power/Gas/Mining Division revenues in H1 2016 amounted to TL97.2mn. Naturelgaz recorded revenues of TL70.0mn in H1 2016. 77.7 Reported sales volume of H1 2016 stood at 56.5mn m3, 70 compared to 56.1mn m3 for the same period in
Slide 13: Power/Gas/Mining: Straton Mining
Power/Gas/Mining: Straton Mining • Straton registered 14% volume growth, while recording 43% revenue increase. • The Company realized 216,358 tons of product sales and recorded revenues of TL20.4mn in H1 2016. • The Company exported 183,637 tons feldspar mainly to Spain, Italy, Egypt and Middle East
Slide 14: Power/Gas/Mining Division: Co-Gen and Biomass
Power/Gas/Mining Division: Co-Gen and Biomass As of June, 2016, the total contracted generation capacity of Tres Energy is 50 MW. Of the total contracted generated capacity, 23.5 MW has already initiated operations and supplies power to consumers. Tres Energy plans to complete the construction and
Slide 15: Power/Gas/Mining Division: Solar Power & Tenera Energy
Power/Gas/Mining Division: Solar Power & Tenera Energy GIH‟s goal is to become a market pioneer in solar power development in Turkey. To reach this goal, GIH‟s subsidiary, Ra Solar, has identified several suitable project locations for solar power generation in Turkey and conducted the mandatory s
Slide 16: Real Estate Division: Overview
Real Estate Division: Overview In H1 2016, revenues of the Real Estate Division were comprised of rent revenues and residential sale revenues. Rental revenues were generated from the Denizli Sumerpark Shopping Mall, which started its operations in March 2011 and Van Shopping Mall, which commenced
Slide 17: Brokerage & Asset Management Segment
Brokerage & Asset Management Segment 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
Slide 18: III – Appendix
lili - APPENDIX Q GLOBAL INVESTMENT HOLDINGS 18
Slide 19: Balance Sheet
Balance Sheet (TL mn) 30 June 2016 31 Dec 2015 ASSETS Current Assets 648.0 671.4 Cash and Banks 218.4 296.2 Marketable Securities 3.0 15.5 Trade Receivables 154.1 142.8 Inventories 68.1 59.5 Other Receivables and Current Assets (1) 204.4 157.4 Non-current Assets 2,805.1 2,767.4 Financial Assets 7.4
Slide 20: Income Statement
Income Statement (TL mn) H1 2016 H1 2015 Total gross revenues 280.5 234.1 Cost of sales and services -188.2 -170.4 Gross Profit 92.4 63.7 Operating expenses -90.6 -65.1 Other operating income/(loss), net -2.4 5.9 Equity pickup asset gains/(losses) 2.2 1.6 Gross operating profit/(loss) 1.6 6.1 Financ
Slide 21: Debt Position
Debt Position Year of Holding standalone debt (TL m) Currency Interest Rate Maturity Amount TL mn Eurobond, gross USD fixed 2017 116.0 TL bond TL floating 2016 85.0 TL bond TL floating 2017 110.0 TL bond TL floating 2017 40.0 TL bond TL floating 2017 50.0 Secured bank loans TL floating 2016 (1) 89.0
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
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