Global Yatirim Holding A.s. · BIST:GLYHO
Global Yatirim Holding A.s — Global Investment Holdings — 9M 2017 Earnings Presentation
22 slides from Global Yatirim Holding A.s's earnings presentation, 2017
Slide 1: Global Investment Holdings Financial Presentation 9M 2017
GLOBAL INVESTMENT HOLDINGS Financial Presentation 9M 2017
Slide 2: Current Portfolio (9M 2017)
Current Portfolio (9M 2017) Brokerage & Asset Ports Power/Gas/Mining Real Estate Management Revenue: 316.2mnTL Revenue: 21.6mnTL EBITDA: 206.6mnTL Revenue: 243.7mnTL EBITDA: 15.2mnTL Revenue: 29.2mnTL Net Debt: 236.1mnUSD Avg. Maturity: 5.9 yrs EBITDA: 11.3mnTL Net Debt: 36.9USD mn EBITDA: 1.2mnTL #
Slide 3: I – Financial Review
G GLOBAL INVESTMENT HOLDINGS |— FINANCIAL REVIEW
Slide 4: Financial Highlights
Financial Highlights (TL mn) Net revenues 1H 2017 3Q 2017 1H 2016 3Q 2016 9M 2017 9M 2016 %change Power/Gas/Mining 138.0 105.7 98.3 72.1 243.7 170.4 43% Ports 180.9 135.2 153.9 110.8 316.2 264.7 19% Brokerage&Asset Management 18.3 10.9 16.5 7.1 29.2 23.6 24% Real Estate 14.5 7.1 11.7 6.9 21.6 18.6 1
Slide 5: Major Developments
Major Developments Global Investment Holdings commenced power generation from biomass • In November 2017, GIH announced that it commenced power generation from biomass resources in its Aydin and Şanlıurfa power plants. Using agricultural residues and livestock manure in power generation, these two p
Slide 6: Financial Highlights: Change in Revenue
Financial Highlights: Change in Revenue Revenue (9M 2016 vs. 9M 2017) 700.0 3.0 4.0 600.0 73.3 500.0 51.5 400.0 611.0 300.0 479.2 200.0 Q3 2016 Ports Gas/Power/Mining Real Estate Brokerage, Asset Q3 2017 Mngmnt.&Others During the first nine months of 2017, Global Investment Holdings‟ (GIH) revenue
Slide 7: Financial Highlights: Change in EBITDA
Financial Highlights: Change in EBITDA EBITDA (9M 2016 vs. 9M 2017) Operating EBITDA : TL 31.3 million 250.0 -12.6 2.5 8.7 -3.1 -1.4 200.0 37.2 150.0 100.0 208.0 176.7 50.0 0.0 Q3 2016 Ports Gas/Mining/Power Real Estate Brokerage&Asset Holding Stand Other Q3 2017 Mngmnt. Alone At the end of 9M 201
Slide 8: Financial Highlights: Operational EBITDA by Division
Financial Highlights: Operational EBITDA by Division Operational EBITDA By Divison (in TL mn) 250.0 200.0 150.0 100.0 50.0 0.0 -50.0 Ports Power/Gas/Mining Real Estate Brokarage & Asset Management 2016 2017 8
Slide 9: Financial Highlights: Change in P&L & Net Debt
Financial Highlights: Change in P&L & Net Debt • GIH reported a consolidated net loss of TL159.1mn in 9M 2017, compared to a net loss of TL62.9mn in 9M 2016. The loss does not include TL425.0mn increase in Group‟s consolidated equity due to the successful IPO of the Ports Division in London Stock Ex
Slide 10: II – Operational Performance by Division
II – OPERATIONAL PERFORMANCE BY DIVISION 10
Slide 11: Global Ports Holding
Global Ports Holding Total Revenues GPH managed to expand its cruise passenger base by 15.1% in 9M 2017 Cruise EBITDA Margin* & & YoY, through organic and inorganic growth. Pro-forma basis accouting for Comercial EBITDA Margin* EBITDA (TL mn) the effect of Italian Ports acquisitions in 2016 , tota
Slide 12: Power/Gas/Mining: Naturelgaz
Power/Gas/Mining: Naturelgaz Naturelgaz Revenue & Volume Naturelgaz recorded revenues of TL165.8mn in 9M 2017 (including pipeline gas sales of TL28.0mn for gas balancing). Reported sales volume of 9M 2017 stood at 148.3mn m3 165.8 (including pipeline gas sales of 36mn m3), compared to 148.3 108.2m
Slide 13: Power/Gas/Mining: Straton Mining
Power/Gas/Mining: Straton Mining Straton recorded revenues of TL45.6mn in 9M 2017 which increased significantly YoY. The Company realized 476,441 tons of product sales, indicating a 58.9% YoY volume growth in 9M 2017 . The Company exported 359,969 tons feldspar mainly to Spain, Italy, Egypt an
Slide 14: Power/Gas/Mining Division: Co-Gen and Biomass
Power/Gas/Mining Division: Co-Gen and Biomass As of 30 June 2017, the total contracted generation capacity of Tres Energy is 54.5 MW. Of the total contracted generated capacity, 50.5MW has already initiated operations and supplies power to consumers. Tres Energy plans to complete the construction
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 9M 2017, revenues of the Real Estate Division were comprised of rent revenues and residential/commercial sale revenues. Rental revenues were generated from the Denizli Sumerpark Shopping Mall, which started its operations in March 2011 and Van Shopping Mall, which
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 Million) 30 Sep 2017 31 Dec 2016 ASSETS Current Assets 1,204.4 628.8 Cash and Banks 661.6 209.0 Marketable Securities 13.1 12.1 Trade Receivables 209.2 134.7 Inventories 102.4 82.1 Other Receivables and Current Assets (1) 218.1 190.9 Non-current Assets 3,332.0 3,245.7 Financial Ass
Slide 20: Income Statement
Income Statement (TL Million) 9M 2017 9M 2016 Total gross revenues 610.97 479.21 Cost of sales and services -423.97 -301.05 Gross Profit 186.99 178.15 Operating expenses -148.91 -129.90 Other operating income/(loss), net -62.17 -4.31 Equity pickup asset gains/(losses) 5.74 1.98 Gross operating profi
Slide 21: Debt Position
Debt Position Year of Holding standalone debt (TL m) Currency Interest Rate Maturity Amount TL mn US$ mn Eurobond, net USD fixed 2022 12.1 3.4 TL bond TL floating 2017 70.2 19.8 TL bond TL floating 2019 14.8 4.2 TL bond TL floating 2017 40.0 11.3 TL bond TL floating 2018 50.0 14.1 Secured bank loans
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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