Global Yatirim Holding A.s. · BIST:GLYHO
Global Yatirim Holding A.s — Global Investment Holdings — Q1 2024 Earnings Presentation
22 slides from Global Yatirim Holding A.s's earnings presentation, 2024
Slide 1: Global Investment Holdings Financial Presentation Q1 2024
GLOBAL INVESTMENT HOLDINGS Financial Presentation Q1 2024
Slide 2: Corporate Portfolio (31.03.2024)
Corporate Portfolio (31.03.2024) Ports Power Gas Mining Finance Real Esate GFS HOLDING A.Ş. 59.0% 50.9% 60.0% 97.7% 66.6% 100% The world's largest Co/Tri generation: Turkey’s & Europe’s One of Turkey’s AUM: 76.5 bn TL Van's first independent cruise 56.2 MW installed leading non-piped lea
Slide 3: I – Financial Review
G GLOBAL INVESTMENT HOLDINGS |— FINANCIAL REVIEW
Slide 4: Financial Highlights (without IAS29)
Financial Highlights (without IAS29) 4
Slide 5: Financial Highlights (as per IAS29)
Financial Highlights (as per IAS29) 5
Slide 6: Financial Highlights
Financial Highlights as per IAS29 without IAS29 Net revenues (mn TL) Q1 24 Q1 23 % Change Q1 24 Q1 23 % Change Gas 1,369.0 1,468.0 -7% 1,327.9 849.6 56% Power 289.5 296.0 -2% 272.6 167.4 63% Mining 119.4 177.4 -33% 112.4 100.4 12% 1 Ports 1,238.8 845.8 46% 1,166.3 465.9 150% Brokerage&Asset Manageme
Slide 7: Financial Highlights (as per IAS29) Change in Revenue & EBITDA
Financial Highlights (as per IAS29) Change in Revenue & EBITDA Revenue (mn TL)1 EBITDA (mn TL) 1 Revenues exclude the impact of IFRIC 12 on Cruise Ports amounting to 178.3mn TL for Q1 2024 and 461.3mn TL for Q1 2023 7
Slide 8: Financial Highlights (without IAS29) Change in Revenue & EBITDA
Financial Highlights (without IAS29) Change in Revenue & EBITDA Revenue (mn TL)1 EBITDA (mn TL) 1 Revenues exclude the impact of IFRIC 12 on Cruise Ports amounting to 461.3mn TL for Q1 2024 and 178.3mn TL for Q1 2023 8
Slide 9: Financial Highlights: Change in P&L
Financial Highlights: Change in P&L GIH reported a consolidated net profit of 239.0mn TL in Q1 2024, compared to a net profit of TL 171.1mn in Q1 2023, indicating 40% increase yoy. The bottom line incorporated non-cash expenses of depreciation & amortization amounting to TL 493.6mn and net foreign
Slide 10: Net Debt/EBITDA (as per IAS29)
Net Debt/EBITDA (as per IAS29) The project financing loan related to the San Juan investment is entirely included in the consolidated debt items as of March 31, 2024 within the Net Debt figure. However, on the EBITDA side, there is only a 1.5-month impact. This has led to an increase in the Net Debt
Slide 11: III – Financial & Operational Performance by Division
III – FINANCIAL & OPERATIONAL PERFORMANCE BY DIVISION
Slide 12: Ports Division: Global Ports Holding Plc (GPH)
Ports Division: Global Ports Holding Plc (GPH) Number of calls at GPH`s consolidated ports in Jan-Mar 2024 was 18% higher than Jan-Mar 2023 levels, while number of passengers visiting GPH`s consolidated ports in Jan-Mar 2024 was 30% higher than 2023 levels. Number of calls at GPH`s consolidated
Slide 13: Ports Division: Global Ports Holding Plc (GPH)
Ports Division: Global Ports Holding Plc (GPH) Stronger than anticipated demand led to a record WAVE season and continued strength in bookings in April from a volume standpoint. 2024 is on its way to become a record year for the cruise industry. Average occupancy rates of the cruise ships visiti
Slide 14: Gas Division: Naturelgaz
Gas Division: Naturelgaz Sales volume reached 107mn Sm3 in Q1 2024, representing an increase of 43% yoy The increase in sales volume was mainly driven by Citygas sales. Citygas sales volume increased by 50% yoy, reaching 77mn Sm3 . The number of districts and towns reached 128 by Q1 2024 Due t
Slide 15: Power Generation: Distributed Energy, Biomass and Solar
Power Generation: Distributed Energy, Biomass and Solar As of 1Q 2024, power generation portfolio of the Group has a combined installed capacity of 97.9 MW, 41.8 MW of which is composed of renewable sources (biomass, licensed solar power plants and distributed solar plants). The power division wil
Slide 16: Mining Division: Straton
Mining Division: Straton The Company, because of the decline in demand from the local and European markets, achieved a sales volume of 58,470 tons in Q1 2024, representing a 57% decrease yoy.. The Company’s main export markets continued to be Spain, Italy and Egypt. Export related sales volume w
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 registered 7% increase in revenues (Pre IAS 29: 78% increase) and 19% increase in EBITDA (Pre IAS 29: 81% increase) in Q1 2024 yoy, with revenu
Slide 18: Asset Management & Brokerage Division
Asset Management & Brokerage Division: Istanbul Asset Management & 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 re
Slide 19: IV – Appendix
G GLOBAL INVESTMENT HOLDINGS IV — APPENDIX
Slide 20: Balance Sheet
Balance Sheet (TL Million) 31 Mar 2024 31 Dec 2023 ASSETS Current assets 11,494.4 10,194.2 Cash and banks 6,316.1 5,058.2 Marketable securities 825.9 804.5 Trade and other receivables 2,354.4 2,285.8 Inventories 594.0 665.6 Other current assets 1,404.0 1,380.0 Non-current assets 42,274.1 41,033.9 Fi
Slide 21: Income Statement
Income Statement (TL Million) Q1 2024 Q1 2023 Total gross revenue 3,595.79 3,601.73 Cost of sale and service -2,207.16 -2,602.69 Gross profit 1,388.63 999.04 Operating expense -806.08 -720.49 Other operating income/(loss), net 49.91 176.48 Equity pickup asset gain/(loss) 41.07 44.35 Gross operating
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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