Polisan Holding As · BIST:POLHO

Polisan Holding As — Q1 2016 Earnings Presentation

28 slides from Polisan Holding As's earnings presentation, May 2016

  1. Slide 1: Polisan Holding May 2016

    POLİSAN HOLDİNG May 2016

  2. Slide 2: Notice

    NOTICE This presentation may contain statements that are forward looking. These statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially due to factors discussed in Polisan Holding’s prospectus filed

  3. Slide 3: Polisan Holding: Poised for Growth in All Business Lines

    POLİSAN HOLDİNG: POISED FOR GROWTH IN ALL BUSINESS LINES CHEMICAL PORT PAINT AGRICULTURE REAL ESTATE ACTIVITIES OPERATIONS 100% 100% 93% 100% 100% 100% 40% INTERNATIONAL EXPANSION 100% 3

  4. Slide 4: Polisan Holding Strategy: To Maximize Shareholder Value

    POLİSAN HOLDİNG STRATEGY: TO MAXIMIZE SHAREHOLDER VALUE Sustaining Profitable Growth of Existing Businesses Maximizing Intra-Group Synergies Forming Strategic Alliances to Expand in High Margin, New Business Lines Utilizing Holding’s Other Assets in its Portfolio Professional Management Dedicated to

  5. Slide 5: Polisan Holding: Sustainable Growth on All Business Lines

    POLİSAN HOLDİNG: SUSTAINABLE GROWTH ON ALL BUSİNESS LINES Holding Revenue Breakdown* (2015) 2014-2015 Revenue and EBITDA Margin Evolution 906 Polisan 773 Hellas Other 17% 3% 55.4% Polisan Kimya 49.1% 17% 473 432 15.8% 13.5% 14.2% 159 154 138 138 Poliport Polisan 98 13.8% 72 11% Boya 6.3% 9.7% 52% Po

  6. Slide 6: Turkey Paint Industry: Ever Growing Demand

    TURKEY PAINT INDUSTRY: EVER GROWING DEMAND TURKEY PAINT INDUSTRY POLİSAN BOYA With ~$2 billion, Decorative Segment, which has Growing Production Over the Years Europe’s 3rd largest market ~60% share, drives growth 2% 2% 1% 1% 7% 5% 5% 5% 61% 11% 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995

  7. Slide 7: Polisan Boya's Differentiation Strategy: Value for Money

    POLİSAN BOYA’S DIFFERENTIATION STRATEGY: VALUE FOR MONEY 1 PRODUCT 2 SALES 3 SERVICE 4 QUALITY  Introduced Home  Turkey’s first water based  World’s first exterior  Global brand awareness Cosmetics concept to the new generation mix system insulation insurance with quality certificates World  2,

  8. Slide 8: Strategy: Continue Leadership with Profitable Growth

    STRATEGY: CONTINUE LEADERSHIP WITH PROFITABLE GROWTH There are 18 million households in Turkey to be renovated and isolated Young & growing Obligation to isolate Renovation and new population exterior walls buildings INDUSTRIAL Insulation Revenues FURNITURE 2008-2015 CAGR: 54% MARINE 2008 2009 2010

  9. Slide 9: Turkey Seaborne Trade: 5th in Europe

    TURKEY SEABORNE TRADE: 5. IN EUROPE GLOBALLY: AVERAGE 3.6% GROWTH BETWEEN 2006 AND 2015 TURKEY: AVERAGE 6.5% GROWTH BETWEEN 2006 AND 2015 35% 30% 25% 20% 15% 10% 5% 0% 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015E 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 -5% -10% GSYİH Deniz Ticareti P

  10. Slide 10: Kocaeli Port: Turkey's Largest Natural Port

    KOCAELİ PORT: TURKEY’S LARGEST NATURAL PORT TURKEY SEABORNE TRADE KOCAELI PORT KOCAELİ PORT BY CARGO TYPES LEADS TOTAL CARGO HANDLED WITH 16% 416 mln ton/2015 19.7% 15.5% 35% 2% 21% 18.8% 3.1% 2.5% 3.6% 8.7% ROTTERDAM PORT 8.7% 11.7% 27% 15% 7.7% Kocaeli Botaş Aliağa Mersin Container General Cargo D

  11. Slide 11: Poliport: The Leading Terminal in Kocaeli Port

    POLİPORT: THE LEADING TERMINAL IN KOCAELİ PORT TEM highway Cargo handled in 2015: 4.6 mln ton 3 Railway Warehouse 1 Bulk Liquid Storage 2 3 Dry Bulk and General Cargo Bulk Liquid Loading & Loading & Unloading Unloading CLOSE PROXIMITY TO STRATEGIC GATEWAYS HIGH MARGIN SERVICES LONG TERM GROWTH STRAT

  12. Slide 12: Port Valuations

    PORT VALUATIONS Mersin Port Samsun Port I skenderun Port Derince Port Petkim Poliport Transaction date: Transaction date: Transaction date: Transaction date: Transaction date: Cargo handled: August 14, 2005 May 16, 2008 September 28, 2010 June 5, 2014 December 19, 2014 4.6 mln tons (2015) Cargo hand

  13. Slide 13: Chemical Activities: Polisan; From Basement to Roof

    CHEMICAL ACTIVITIES: POLISAN; FROM BASEMENT TO ROOF ... POLISAN POLISAN ROHM & HAAS POLISAN CHEMICALS CONSTRUCTION (DOW) HELLAS CHEMICALS  Revenue breakdown  Marketing and sales of:  Polisan Chemicals is the  Operational in Greece (2015):  Concrete and Turkey’s 1st emulsion  The sole Polyethyl

  14. Slide 14: Polisan Hellas: International Expansion

    POLİSAN HELLAS: INTERNATIONAL EXPANSION TRANSACTION HIGHLIGHTS UTILIZING LOGISTIC SYNERGIES  Polisan Hellas bought 100% of the assets of Artenius  Over 35,000 m2 industrial land with all required Hellas in Greece infrastructure and staff  Polisan Hellas is being controlled by Polisan Holding  A

  15. Slide 15: Polisan Holding's Properties: ~TRY817 Million

    POLİSAN HOLDİNG’S PROPERTIES: ~TRY817 MILLION ONGOING PROJECTS PRODUCTION FACILITIES OTHER PROPERTIES Z OFFICE PENDIK POLIPORT POLISAN INVESTMENT PROPERTIES 28 shops, 85 offices 180,821 m2 land 146,051 m2 90,142 m2 Other land and real estates TRY63 mln** TRY184 mln** TRY300 mln* TRY122 mln TRY148 ml

  16. Slide 16: Polisan Tarım: Buys Land for Almond and Walnut Gardens

    POLİSAN TARIM: BUYS LAND FOR ALMOND AND WALNUT GARDENS tons tons 250,000 100,000 200,000 80,000 150,000 60,000 100,000 40,000 50,000 20,000 - 0 2000/01 2001/02 2002/03 2003/04 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 2000/01 2001/02 2002/03 2003/04 2004/05 2005

  17. Slide 17: Financial Highlights: Strong Revenue Growth Continues

    FINANCIAL HIGHLIGHTS: STRONG REVENUE GROWTH CONTINUES POLISAN HOLDING FINANCIAL RESULTS TRY million 2014 2015 YoY (%) 1Q 2015 4Q 2015 1Q 2016 YoY (%) QoQ (%) Revenue 772.7 906.4 17.3% 195.4 191.4 232.9 19.2% 21.7% EBITDA 104.4 128.3 22.9% 28.3 26.9 33.2 17.6% 23.3% EBITDA Margin 13.5% 14.2% 0.7 p.p.

  18. Slide 18: Polisan Holding: Cash Position and Capital Expenditures

    POLİSAN HOLDİNG: CASH POSITION AND CAPITAL EXPENDITURES TRY mln* - 1Q 2016 Balance Sheet (TRY mln) 2014 2015 1Q 2016 TL FX Cash & Cash Equivalents 80.5 116.4 71.5 30% Total Assets 1,422.3 1,644.2 1,662.8 Cash 71.5 70% Short Term Debt 335.5 431.7 458.8 Long Term Debt 77.9 124.3 74.3 Net Debt 332.9 43

  19. Slide 19: Polisan Holding: 2015 Results and 2016 Guidance

    POLİSAN HOLDİNG: 2015 RESULTS AND 2016 GUIDANCE 2015 ACTUAL 2016 TARGETS 2016 GUIDANCE Annual ~15-20% TRY906 mln Revenue increase in all growth Revenue business lines 17% YoY Growth compared to Growth 2015 Polisan Hellas: Annual A few point aiming breakeven EBITDA Polisan Boya, Polisan Kimya: increa

  20. Slide 20: Back Up

    BACK UP

  21. Slide 21: Polisan Holding: Board of Directors

    POLİSAN HOLDİNG: BOARD OF DIRECTORS High School Bundesaufbau Gymnasium University of Boston ,USA 72 years of work experience Wirtschafts Universität (BSc), Production Engineer (BSc) and Dilovası Industrial Zone Chairman Austria Mechanic Engineer (MSc) Chairman of Polisan Holding, Polisan Boya, 29 ye

  22. Slide 22: Polisan Holding: Executive Committee

    POLİSAN HOLDİNG: EXECUTIVE COMMITTEE University of Istanbul, Faculty of Law Saint Joseph High School At Polisan Holding since 1976 University of Istanbul, Chemical Engineer (BSc) Polisan Holding CEO since 2005 University of Brussels, Petrochemicals (MSc) Board member of Polisan Holding, Polisan Boya

  23. Slide 23: Polisan Holding: Milestones

    POLİSAN HOLDİNG: MILESTONES Polisan Boya EPD Certificate 2015 2014 Pendik Project 2013 Z Office Project Launch of Polisan POS 2012 Loyalty Programme 2011 Introduced «Home Cosmetics» concept globally 2009 2008 Production of concrete additives and AdBlue© 2006 Launch of Mix Centers 2004 2000 1985 The

  24. Slide 24: Social Responsibility Projects and Sponsorships

    SOCIAL RESPONSIBILITY PROJECTS AND SPONSORSHIPS WOMEN YOUTH ENVIRONMENT/ART  EVERY VOICE, ONE BREATH –  POLİSAN SCHOOLS  100,000 trees 2015  M. Emin Bitlis Primary School  International İstanbul Biennial  Two Projects realized  Polisan Secondary School Official Sponsorship  Has been granted

  25. Slide 25: Turkey: 16th Largest Economy in the World

    TURKEY: 16TH LARGEST ECONOMY IN THE WORLD GROWING ECONOMY WITH A YOUNG POPULATION  6th largest economy in the EU  Institutionalized economy fueled by $144 billion FDI in 2013 2014 the last decade GDP (Current Prices) $820 billion $800 billion GDP Per Capita $10,782 $10,404  Inflation at single Po

  26. Slide 26: Turkey: Strong Growth Trend Continues

    TURKEY: STRONG GROWTH TREND CONTINUES AVERAGE ANNUAL REAL GDP GROWTH (%) 2002-2013 Real GDP growth of ~5% on average 4.9 between 2002 - 2013: 4.4 4.2 4.0  Increasing role of private sector 3.5 3.5 3.4 3.2  Enhancing efficiency and 2.5 2.5 resiliency of the financial sector 1.8  Social security sy

  27. Slide 27: Turkey: Economic Outlook

    TURKEY: ECONOMIC OUTLOOK 9% 8% 9% 9% 6% 7% Continuing 5% 5% 1% 2% 4% 3% 4% GDP growth -5% 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 $ billion 22.0 20.2 20.0 Foreign 16.2 13.3 12.5 12.8 Direct 10.0 8.6 9.1 Investment 1.1 1.7 2.8 Inflows 2002 2003 2004 2005 2006 2007 2008 2

  28. Slide 28: Thank You

    THANK YOU Telephone 00 90 216 5785600 Fax 00 90 216 5737792 yatirimciiliskileri@polisanholding.com.tr Email address: investorrelations@polisanholding.com.tr www.polisanholding.com.tr

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