Park Elektrik Uretim Madencilik Sanayi Ve Ticaret A.s. · BIST:PRKME
Park Elektrik Uretim Madencilik Sanayi Ve Ticaret A.s — Investor Presentation (September 2017)
26 slides from Park Elektrik Uretim Madencilik Sanayi Ve Ticaret A.s's investor presentation, September 2017
Slide 1: Investors Presentation September 2017
Park Elektrik Üretim Madencilik Sanayi ve Ticaret A.Ş. Investors Presentation September 2017
Slide 2: Contents
Contents I. Company 3 II. Ciner Group 6 III. Participations 9 IV. Financial Figures 14 V. Evaluation of The Latest Financial Tables 20 VI. Corporate Governance Rating 24 June 2017 Park Elektrik 2
Slide 3: I. Company
I. Company June 2017 Park Elektrik 3
Slide 4: Introduction
Introduction Park Elektrik has been the sole copper mining company of Borsa Istanbul until recently. The company sold its copper mine and related assets in Siirt to Cengiz Inşaat for USD 195 million + VAT in March 2017 in the aftermath of a landslide occurred in the mine in November 2016. Park Ele
Slide 5: Ownership Structure
Ownership Structure Park Elektrik Üretim Madencilik San. ve Tic. A.Ş. Ownership Structure Ownership Structure Others 32% Share (%) Amount (TL) Park Holding A.Ş. 61,25 91.168.622 Park Turgay Ciner 6,76 10.065.983 Holding 61,24% Others 31,99 47.632.638 Turgay Ciner Total 100,00 148.867.243 6,76% Septe
Slide 6: II. Ciner Group
II. Ciner Group September 2017 Park Elektrik 6
Slide 7: Ciner Group Structure
Ciner Group Structure Ciner Group Park Holding Ciner Yayın Holding Energy & Mining Commerce, Media Industry & Group Group Services Group Major Companies Major Companies Park Elektrik, Major Companies & Brands Park Termik, Ciner Navigation, Haberturk Newspaper Silopi Elektrik, Ciner Aviation, Habertu
Slide 8: Ciner Group’s History
Ciner Group’s History Park Holding, the main shareholder of Park Elektrik with 61% share, is solely owned by Mr. Turgay Ciner. Ranking among the largest Groups of Turkey, Ciner Group’s history goes back to 1978 when it was founded. The Group has a diversified business portfolio. However, the Gro
Slide 9: III. Participations of Park Elektrik
III. Participations of Park Elektrik September 2017 Park Elektrik 9
Slide 10: Konya Ilgın Elektrik Üretim San. ve Tic. A.Ş. (100% Subsidiary)
Konya Ilgın Elektrik Üretim San. ve Tic. A.Ş. (100% Subsidiary) • Konya Ilgın was established to extract lignite from its coal mine to produce and sell electricity. • Ilgın lignite field has an mineable 138 million tons of lignite ore with an average heat value of 2069 kcal/kg, and the ore to be ext
Slide 11: Investment Facts of Ilgın Thermal Power Plant Project
Investment Facts of Ilgın Thermal Power Plant Project • Investment in Konya Ilgın is estimated to start in 2018 and will take 43 months to be completed. • Estimated total investment amount for Konya Ilgın thermal power plant is around USD 650 million, where EPC contract amount is USD 597million • Th
Slide 12: Projected Electricity Production of Konya Ilgın PP
Projected Electricity Production of Konya Ilgın PP • According to feasibility studies projected gross and net electricity production amount of the power plant will be as given in the table below. Projected Annual Electricity Production Working Hour (Hour/year) 7,600 Capacity (MWe) 500 Gross Electric
Slide 13: Park Termik Elektrik San. ve Tic. A.Ş. (10% minority share)
Park Termik Elektrik San. ve Tic. A.Ş. (10% minority share) Park Elektrik has 10% stake in Park Termik Elektrik San. ve Tic. A.S., a Ciner Group company which is involved in thermal power generation in Çayırhan, Ankara. Park Termik has operating rights of Çayırhan Thermal Power Plant which has a
Slide 14: IV. Financial Figures
IV. Financial Figures September 2017 Park Elektrik 14
Slide 15: Sales Revenues
Sales Revenues copper asphaltite 30.816.836 33.704.018 11.587.475 19.709.514 229.264.821 226.524.686 209.927.689 164.371.258 151.135.664 8.211.605 135.409.470 110.713.833 19.314.397 69.857.081 64.191.660 80.040.645 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 September 2017 Park Elektrik 15
Slide 16: Net Earnings
Net Earnings 107,3 100,9 74,8 69,3 37,2 29,2 19,8 19,4 20,5 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 -20,5 September 2017 Park Elektrik 16
Slide 17: Dividend Distribution
Dividend Distribution 120.000.000 Net Earnings Distributed Dividend 100.000.000 55.222.124 80.000.000 107.013.605 100.000.000 29.234.883 100.895.711 91.464.687 69.735.813 20.459.924 63.744.336 60.000.000 40.000.000 20.000.000 0 - 0 2011 2012 2013 2014 2015 2016 -20.000.000 -20.502.367 -40.000.000 20
Slide 18: Sources of Financing
Sources of Financing Shareholders' Equity Total Debt 64 55 41 53 93 62 33 30 60 520 499 443 450 437 445 66 53 302 343 8 14 223 130 143 88 100 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 September 2017 Park Elektrik 18
Slide 19: Annual Margin Comparison
Annual Margin Comparison (TL mn) 2010 2011 2012 2013 2014 2015 2016 Sales 84 173 265 261 223 165 135 Gross Profit 44 107 134 72 24 31 1 Gross Margin 52% 62% 51% 28% 11% 19% 1% EBITDA 42 112 165 147 121 104 55 EBITDA Margin 50% 65% 62% 57% 54% 63% 41% Net Earnings 37 101 107 70 20 29 -21 Net Margin 4
Slide 20: V. Evaluation of the Latest Financial Results
V. Evaluation of the Latest Financial Results September 2017 Park Elektrik 20
Slide 21: Evaluation of 1H17 Financial Results
Evaluation of 1H17 Financial Results In 1H17, Park Elektrik announced consolidated financial statements for the first time in its history following its purchase of 100% shares of Konya Ilgın Elektrik Üretim A.Ş. In this consolidated 1H results, Park Elektrik’s copper related financial results we
Slide 22: Summary Income Statement
Summary Income Statement 1H16* 1H17 % Operating Income -6.564.498 -6.652.461 1% Income From Investments 279.784 645.731 131% Income Before Financial Exp. -6.284.714 -6.006.730 -4% Financial Income 1.203.512 3.681.600 206% Financial Expenses -226.871 -19.296.408 8405% Profit Before Tax -5.308.073 -21
Slide 23: Summary Balance Sheet
Summary Balance Sheet YE2016 1H2017 Current Assets 134,474,729 201,317,354 Fixed Assets 430,365,633 279,212,771 TOTAL ASSETS 564,840,362 480,530,125 Short Term Liabilities 35,785,791 21,745,181 Long Term Liabilities 27,306,767 26,083,896 Shareholders Equity 501,747,804 432,701,048 TOTAL LIABILITIES
Slide 24: VI. Corporate Governance Rating
VI. Corporate Governance Rating September 2017 Park Elektrik 24
Slide 25: Corporate Governance Rating
Corporate Governance Rating Park Elektrik’s corporate governance Main Sections, Average 90.79 rating is determined as 9.08 according to a recent report conducted by SAHA Corporate Rating Agency in June 2017. Board of Directors 89,51% Based on the report, the rating means that the company performs “v
Slide 26: Thank You / Contact
T H A N K Y O U. CONTACT Yesim Bilginturan IR Manager Phone: +90 216 531 25 33 y.bilginturan@cinergroup.com.tr www.parkelektrik.com.tr www.cinergroup.com.tr September 2017 Park Elektrik 26