Global Yatirim Holding A.s. · BIST:GLYHO
Global Yatirim Holding A.s — Global Investment Holdings — 9M 2020 Earnings Presentation
23 slides from Global Yatirim Holding A.s's earnings presentation, 2020
Slide 1: Financial Presentation 9M 2020
GLOBAL INVESTMENT HOLDINGS Financial Presentation 9M 2020
Slide 2: Current Portfolio (9M 2020)
Current Portfolio (9M 2020) Brokerage & Asset Ports Power/Gas/Mining Real Estate Management Revenue: 561.5mn TL Revenue: 575.7mn TL Revenue: 22.0mn TL Revenue: 64.2mn TL EBITDA: 113.0mn TL EBITDA: 153.0mn TL EBITDA: 7.9mn TL EBITDA: 17.4mn TL Net Debt: 391.4mn USD / Avg. Maturity: 6.8 yrs Net Debt:
Slide 3: I – Financial Review
G GLOBAL INVESTMENT HOLDINGS |— FINANCIAL REVIEW
Slide 4: Financial Highlights
Financial Highlights (mn TL) Net revenues H1 2020 H1 2019 Q3 2020 Q3 2019 9M 2020 9M 2019 %change Gas 183.7 171.1 142.9 154.0 326.6 325.2 0% Power 120.8 61.5 68.5 36.3 189.3 97.8 94% Mining 34.5 51.1 25.2 21.7 59.8 72.7 -18% Ports 348.0 306.3 213.5 208.8 561.5 515.2 9% Brokerage & Asset Management 4
Slide 5: Major Developments of 9M 2020
Major Developments of 9M 2020 Ports Gas Real Estate Finance Holding GPH concluded The acquisition of SOCAR The contract rental Actus Asset Management GIH completed the acquisition of the Turkey LNG has been agreement of the Vakıf and İstanbul Portfoy 124,620,000 TL nominal operator of La G
Slide 6: Covid-19 crisis management
Covid-19 crisis management Post management actions cruise port The Group put in place several significant actions to protect the balance sheet and long term future of the businesses operations in a no cruise environment Survivability • The port division put in place substantial cost savings and sign
Slide 7: Financial Highlights: Change in Revenue
Financial Highlights: Change in Revenue Revenue (mn TL) (9M 2019 vs. 9M 2020) 23.6 91.5 1.4 -13.0 -10.1 46.3 1,223.4 1,083.7 Ports Power Gas Mining 9M 2019 Brokerage, Estate 9M 2020 Mngmnt.& Real Others Asset Global Investment Holdings reported 1,223.4mn TL revenues for the first three quarters of
Slide 8: Financial Highlights: Change in Operating EBITDA
Financial Highlights: Change in Operating EBITDA Operating EBITDA (mn TL) (9M 2019 vs. 9M 2020) -230.6 -9.5 -0.9 -7.7 16.3 11.8 -18.3 425.8 63.1 250.0 Real Estate Other Ports Power Gas Mining 9M 2019 Brokerage& Stand Alone 9M 2020 Mngmnt. Holding Asset At the end of first nine months of 2020, Glob
Slide 9: Financial Highlights: Operational EBITDA by Division
Financial Highlights: Operational EBITDA by Division Operational EBITDA By Divison (in mn TL) 364.2 147.1 82.3 72.8 65.2 15.9 15.0 17.4 18.9 9.8 2.1 1.1 Ports Power Mining CNG Pera & Van Brokerage & Asset Mng. 9M 2019 9M 2020 9
Slide 10: Financial Highlights: Change in P&L
Financial Highlights: Change in P&L • GIH reported a consolidated net loss of 318.5mn TL in the first nine months of 2020, compared to a net loss of 86.3mn TL in in the same period last year. The net loss stemmed mainly from non-cash depreciation and foreign currency translation differences incurred
Slide 11: II – Operational Performance by Division
II – OPERATIONAL PERFORMANCE BY DIVISION
Slide 12: Gas Division: Naturelgaz
Gas Division: Naturelgaz Naturelgaz reported 122.4mn Sm3 sales volume in 9M 2020 as opposed to 127.9mn Sm3 in 9M 2019, mainly due to the impact of the Covid-19 pandemic. The lockdown measures between Naturelgaz March and May, and the contraction in economic activity have affected the production ca
Slide 13: Port Division: Global Ports Holding Plc
Port Division: Global Ports Holding Plc Passenger volumes for the 9 months fell 63%, falling very sharply in Q3 by GPH Total Revenues Cruise EBITDA Margin* & 99%. The better relative performance in the 9M period vs Q3 reflects the & Commercial EBITDA Margin* first time contribution from Nassau Cru
Slide 14: Power Division: Co/Tri-Generation, Biomass and Solar
Power Division: Co/Tri-Generation, Biomass and Solar Power generation portfolio of the Group has a combined capacity of 100.1 MW, of which 46.0 MW is from renewable sources (biomass and solar) and the remaining capacity consists of co/tri-generation plants The Group’s installed capacity in bioma
Slide 15: Power Division: Solar
Power Division: Solar Global Investment Holdings has commissioned its first solar power plant, Ra Solar, with 10.8MWp installed capacity in Mardin in late 2019. The facility generates about 20 million kWh electricity per annum, meeting the electricity requirement of more than 7.5 thousand househol
Slide 16: Mining Division: Straton
Mining Division: Straton The Company realized 270,915 tons of product sales in 9M 2020, down by 27% yoy, mainly due to the Covid-19 lockdown in export markets The Company’s main export markets continued to be Spain, Italy and Egypt. Export related sales volume reached 224,345 tons while domestic
Slide 17: Real Estate Division: Ardus
Real Estate Division: Ardus The Real Estate division’s revenues include rent revenues and residential/commercial sales revenues The real estate division reported revenues of 22.0mn TL and an operating EBITDA of 7.9mn TL in the period, compared to 32.1mn TL and 15.7mn TL, respectively a year ago
Slide 18: Asset Management & Brokerage Division
Asset Management & Brokerage Division: Istanbul Portfoy & 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 an
Slide 19: III – Appendix
G GLOBAL INVESTMENT HOLDINGS Ili - APPENDIX
Slide 20: Balance Sheet
Balance Sheet (mn TL) 30 September 2020 31 December 2019 ASSETS Current Assets 2,049.0 1,350.5 Cash and Banks 1,141.8 474.7 Marketable Securities 9.1 8.5 Trade Receivables 408.1 458.6 Inventories 83.4 85.4 Other Receivables and Current Assets (1) 406.6 322.4 Assets classified as held for sale 0.9 0.
Slide 21: Income Statement
Income Statement (mn TL) 9M 2020 9M 2019 Total gross revenues 1,223.4 1,083.7 Cost of sales and services -1,075.4 -748.1 Gross Profit 147.9 335.7 Operating expenses -230.2 -229.4 Other operating income/(loss), net 21.4 6.0 Equity pickup asset gains/(losses) -14.0 23.5 Gross operating profit/(loss) -
Slide 22: Debt Position - As of 30.09.2020
Debt Position - As of 30.09.2020 Interest Year of Holding standalone debt Currency Rate Maturity Amount mn TL mn USD Eurobond, net USD fixed 2022 26.4 3.4 TL bond TL floating 2020 124.6 16.0 TL bond TL floating 2021 125.4 16.1 Secured bank loans - revolving TL fixed 2021 31.0 4.0 Secured bank loans
Slide 23: 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 2020 Earnings Presentation on 6ix