Haci Omer Sabanci Holding A.s. · BIST:SAHOL

Haci Omer Sabanci Holding A.s — Q3 2011 Earnings Presentation

20 slides from Haci Omer Sabanci Holding A.s's earnings presentation, 2011

  1. Slide 1: 2011 Q3 Earnings Presentation

    2011 Q3 Earnings Presentation 1 PUBLIC

  2. Slide 2: Disclaimer Statement

    Disclaimer Statement The information and opinions contained in this document have been compiled or arrived at by Sabancı Holding from sources believed to be reliable and in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or correctness.

  3. Slide 3: Turkish Economy: Highlights

    Turkish Economy: Highlights  Global economic environment have not effected our businesses significantly yet. yet  Delay in an orderly solution to Eurozone debt crisis increases uncertanity significantly. i ifi tl Because B off th the negative ti impacts i t off the th European E debt d bt crisis i

  4. Slide 4: Turkish Economy: Macro Economic Expectations

    Turkish Economy: Macro Economic Expectations 2006 2007 2008 2009 2010 2011f 2012f R l GDP G Real Growth th % 6 90 6.90 4 70 4.70 0 70 0.70 -4.80 4 80 9 00 9.00 6 60 6.60 3 00 3.00 PPI. %. e.o.p 11.58 5.94 8.11 5.93 8.87 9.50 7.00 CPI %. CPI. % e.o.p eop 9 65 9.65 8 39 8.39 10 06 10.06 6 53 6.53 6 40

  5. Slide 5: Result Snapshot

    Result Snapshot %18 16,440 Net Sales 13,901  Strong revenue growth (M TL) ( ) 3Q 2010 3Q 2011  Drop in the finance segment’s %1 3,453 operational profitability is EBITDA compensated by the 3 404 3,404 improvement in non-finance (M TL)* segment 3Q 2010 3Q 2011 %30  Significant increase in net 1,53

  6. Slide 6: Results Snapshot

    Results Snapshot Million TL 2011 3Q 2010 3Q % SALES (NET) 16,440 13,901 18.3 FINANCE 8,577 8,050 6.6 NON-FINANCE 7,862 5,851 34.4 EBITDA(exc. non operational items) 3,453 3,404 1.4 FINANCE 2,598 2,959 (12.2) NON-FINANCE 855 445 92.0 NET INCOME 1,538 1,186 29.7 NET INCOME 1,200 1,186 1.2 (exc. non op

  7. Slide 7: Significant Improvement in Non-finance Segment

    Significant Improvement in Non-finance Segment %34 %3 7 862 7,862 5,851  Strong revenue growth Net Sales mainly driven by the industry and energy (M TL) ( ) segments 3Q 2010 3Q 2011 %92 855 EBITDA 445  Triple p digit g ggrowth in energy, gy, industry and retail segments (M TL)* 3Q 2010 3Q 2011 %71

  8. Slide 8: Evolution of Sales and EBITDA

    Evolution of Sales and EBITDA SALES 3Q Q 2010 3Q Q 2011 Financial Services Financial Services 58% 52% 1% Other 1% Other 7% 21% 15% 8% Energy 13% Energy 6% 13% 5% Industrials Industrials Retail Cement R t il Retail Cement Financial Services EBITDA Financial Services 87% 75% Energy 1% Retail 1% Energy

  9. Slide 9: Energy

    Energy Million TL 2011 3Q 2010 3Q % SALES (NET) 1,236 990 24.8 COST OF SALES ((1,080) , ) ((900)) 20.0 OPERATIONAL EXPENSES (132) (135) (2.7) OTHER INCOME/(EXPENSE) 3 13 (72.4) INTER SEGMENT ADJUSTMENTS 102 56 82.9 OPERATING INCOME 129 23 463.2 EBITDA 193 59 230 0 230.0 EBITDA EXCLUDING NON 193 59 2

  10. Slide 10: Industry

    Industry Million TL 2011 3Q 2010 3Q % SALES (NET) 3 498 3,498 2 077 2,077 68 4 68.4 COST OF SALES (2,912) (1,728) 68.6 OPERATIONAL EXPENSES (292) (236) 23 6 23.6 OTHER INCOME/(EXPENSE) (31) 1 n.m. INTER SEGMENT ADJUSTMENTS 3 2 81.4 OPERATING INCOME 266 115 130.6 EBITDA 367 196 87.2 EBITDA EXCLUDING

  11. Slide 11: Industry

    Industry Tire Cord, Fabric and Yarn(000 tones) Tire Sales (000 tones) %7 130 %8 110 102 122 3Q 2010 3Q 2011 3Q 2010 3Q 2011 Fiber (total sales quantity-000 tones) Automotive (total sales quantity) %38 9,531 %7 189 6,919 177 3Q 2010 3Q 2011 3Q 2010 3Q 2011 Wool Fabric Sales(000 meters) Corrugated Boa

  12. Slide 12: Retail

    Retail Million TL 2011 3Q 2010 3Q % SALES (NET) 2,167 1,873 15.7 COST OF SALES ((1,697) , ) ((1,473) , ) 15.2 OPERATIONAL EXPENSES (443) (406) 9.2 OTHER INCOME/(EXPENSE) 25 - n.m. INTER SEGMENT ADJUSTMENTS 2 3 (34.4) OPERATING INCOME 54 (3) n.m. EBITDA 95 34 177 9 177.9 EBITDA EXCLUDING NON 75 35 11

  13. Slide 13: Cement

    Cement Million TL 2011 3Q 2010 3Q % SALES (NET) 904 766 17.9 COST OF SALES (688) (593) 16 2 16.2 OPERATIONAL EXPENSES (41) (38) 8.8 OTHER INCOME/(EXPENSE) /( ) ((5)) ((8)) 32.8 OPERATING INCOME 169 128 31.5 EBITDA 218 176 23.9 EBITDA EXCLUDING NON 222 176 26.2 OPERATIONAL ITEMS EBITDA % 24.5 22.9 Ce

  14. Slide 14: Insurance

    Insurance Million TL 2011 3Q 2010 3Q % SALES (NET) 323 262 23.2 COST OF SALES (339) (291) 16.2 OPERATIONAL EXPENSES ((38)) ((21)) 80.3 OTHER INCOME/(EXPENSE) 72 37 95.3 INTER SEGMENT ADJUSTMENTS 20 37 (46.1) OPERATING INCOME 37 23 64.2 14 PUBLIC

  15. Slide 15: Net Sales

    Net Sales Milli Million TL 2011 3Q 2010 3Q % TOTAL 16 440 16,440 13 901 13,901 18 3 18.3 FINANCE 8,577 8,050 6.6 NON FINANCE NON-FINANCE 7 862 7,862 5 851 5,851 34 4 34.4 INDUSTRY 3,498 2,078 68.4 RETAIL 2,167 1,873 15.7 ENERGY 1,236 990 24.8 CEMENT 904 766 17.9 OTHERS 58 144 (59.6) Growth in all no

  16. Slide 16: EBITDA

    EBITDA Million TL 2011 3Q 2010 3Q % TOTAL 3 453 3,453 3 404 3,404 14 1.4 FINANCE 2,598 2,959 (12.2) NON-FINANCE 854 445 91.9 INDUSTRY 400 196 104.4 CEMENT 222 176 26.2 ENERGY 193 59 230.0 RETAIL 75 35 117.5 OTHER (36) (19) (85.1) Stronger operational profitability in non-finance… 16 PUBLIC

  17. Slide 17: Net Income Reconciliation

    Net Income Reconciliation Million TL 2011 3Q Net Income 1,538 Portfolio & non operational moves Aksigorta share sale profit 247 Reversal of Sasa impairment 72 Fixed asset disposal gains 83 Tax settlement provisions (13) Advansa BV share sale loss (38) Teknosa negative goodwill income 14 Other ( ) (2

  18. Slide 18: Leverage and Consolidated FX Position

    Leverage and Consolidated FX Position NET DEBT (excl. finance) Million USD 30 09 2011 30.09.2011 31 12 2010 31.12.2010 TOTAL 1,065 543 ENERGY 932 647 INDUSTRY 624 400 CEMENT 174 104 RETAIL (1) (86) HOLDING&OTHER (664) (522) CONSOLIDATED FX POSITION Million TL 30.09.2011 31/12/2010 TOTAL (651) 177 AS

  19. Slide 19: Investments

    Investments 888 690 %29 3Q Q 2010 3Q Q 2011 3Q 2010 3Q 2011 Oth Other I d t i l Industrials Cement Industrials Retail Financial 12% Cement Services 1% 4% 9% Retail eta Other 17% 5% 23% 9% 1% Financial Services 8% 51% 60% Energy Energy Continuing to invest in core businesses… 19 PUBLIC

  20. Slide 20: Q&A

    Q Q&A 20 PUBLIC

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