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

Haci Omer Sabanci Holding A.s — FY2011 Earnings Presentation

20 slides from Haci Omer Sabanci Holding A.s's earnings presentation, 2012

  1. Slide 1: 2011 Year End Earnings Presentation

    2011 Y Year End E d 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 b reliable be li bl and d in i goodd faith, f ith but b t no representation t ti or warranty, t expressed or implied, is made as to their accuracy

  3. Slide 3: 2012 Macro Outlook: Turkey

    2012 Macro Outlook: Turkey Unfortunately, growth around 8 % is not sustainable • The growth rate will decelerate in 2012 on the back of softer demand and a high base effect. • Domestic demand growth will not be as strong as the past two years. years • So far export have outpaced imports and diversif

  4. Slide 4: 2012 Expectations - Turkey

    2012 Expectations - Turkey 2011 2012(P) GDP Growth,% , 8.7 4.0 Increase in CPI (%), annual 10.45 7.0 USD/TL year end USD/TL, 1 889 1.889 1 80 1.80 EUR/USD, year end 1.294 1.325 Budget d Deficit/GNP,% f /G % (1.4) (1.8) Bond Interest, year end,% 11.1 9.5 Current Acc. Balance/GNP,% (9.9) (8.5) 4

  5. Slide 5: Result Snapshot

    Result Snapshot Net Sales 22,409 15%  Strong revenue growth 19,571 (M TL) mainly provided by non- bank segment 2010 2011 -2%  Despite the strong profitability EBITDA 4,611 4,508 from the non-bank segment, flat EBITDA (M TL)* 2010 2011 1,878  Significant increase in net Net Income 13% i income ach

  6. Slide 6: Results Snapshot

    Results Snapshot Million TL 2011 2010 % Change SALES (NET) 22.409 19.571 14,5 BANK 11.189 10.582 5,7 NON-BANK 11.220 8.989 24,8 EBITDA(exc. non operational items) 4.508 4.611 (2,2) BANKING 3 210 3.210 3 886 3.886 (17 4) (17,4) NON-BANK 1.146 668 71,6 INTERSEGMENT ELIMINATIONS 151 57 NET INCOME 1.878

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

    Significant Improvement in Non-Bank Segment 25% 11,220  Strong revenue growth 8,989 Net Sales mainly driven by volume and pricing gains and organic (M TL) growth 2010 2011 EBITDA 71% 1.146  Growth in profitability 668 reflecting efficiency gains and (M TL)* high utilization 2010 2011 68% 593 Net I

  8. Slide 8: Energy

    Energy Million TL 2011 2010 % Change SALES (NET) 1,861 1,437 29.5 COST OF SALES (1,516) (1,250) 21.2 OPERATIONAL EXPENSES (181) (181) (0.1) OTHER INCOME/(EXPENSE) - 45 (100.0) OPERATING INCOME 164 50 226.4 EBITDA 252 101 148 6 148.6 EBITDA EXCLUDING NON 252 101 148.4 OPERATIONAL ITEMS EBITDA Margin

  9. Slide 9: Industry

    Industry Million TL 2011 2010 % Change SALES (NET) 4,748 3,525 34.7 COST OF SALES (3,963) (2,979) 33.0 OPERATIONAL EXPENSES ((412)) ((394)) 4.3 OTHER INCOME/(EXPENSE) (50) 20 n.m. OPERATING INCOME 323 172 88.3 EBITDA 461 299 54.1 EBITDA EXCLUDING NON 513 288 77 7 77.7 OPERATIONAL ITEMS EBITDA Margin

  10. Slide 10: Industry

    Industry Tire Cord, Fabric and Yarn(000 tones) Tire Sales (000 tones) 164 4% 171 141 6% 150 2010 2011 2010 2011 Fiber (total sales quantity-000 tones) Automotive (total sales quantity) 244 245 10,723 18% 12,684 - 2010 2011 2010 2011 Wool Fabric Sales(000 meters) Corrugated Board Sales (000 tones) 25

  11. Slide 11: Retail

    Retail Million TL 2011 2010 % Change Ch SALES (NET) 3,021 2,564 17.8 COST OF SALES (2 359) (2,359) (2 015) (2,015) 17 1 17.1 OPERATIONAL EXPENSES (606) (536) 13.1 OTHER INCOME/(EXPENSE) 8 (2) n.m. OPERATING INCOME 64 11 n.m. EBITDA 119 61 96.8 EBITDA EXCLUDING NON 101 61 67.6 OPERATIONAL ITEMS EBITD

  12. Slide 12: Teknosa

    Teknosa Million TL 2011 2010 % Change SALES (NET) 1.670 1.292 29,3 OPERATING INCOME 85 20 n.m. EBITDA 105 37 182,7 EBITDA EXCLUDING NON 87 37 134,8 OPERATIONAL ITEMS NET INCOME 50 5 n.m. EBITDA Margin (%) (excl. non 5 3 operational items) Teknosa Sales Area (000 m2) 128 27% 101 2010 2011 12 PUBLIC

  13. Slide 13: Cement

    Cement Million TL 2011 2010 % Change SALES (NET) 1,200 1,032 16.3 COST OF SALES (927) (804) 15 3 15.3 OPERATIONAL EXPENSES (56) (56) (0.7) OTHER INCOME/(EXPENSE) /( ) ((11)) ((4)) ((184.2)) OPERATING INCOME 206 167 23.5 EBITDA 272 230 18.3 EBITDA EXCLUDING NON 276 229 20.4 OPERATIONAL ITEMS EBITDA M

  14. Slide 14: Insurance

    Insurance Million TL 2011 2010 % Change SALES ( (NET) ) 450 352 27.9 COST OF SALES (421) (337) 24.7 OPERATIONAL EXPENSES (82) (60) 36 5 36.5 OTHER INCOME/(EXPENSE) 73 65 11.9 OPERATING INCOME 20 20 37 3.7 Combined Ratio (%) Avivasa AUM (million TL) 2.558 16% 2.965 104.5 5.7% 98.8 iimprovement 2010 2

  15. Slide 15: Net Sales

    Net Sales Million TL 2011 2010 % Change TOTAL 22.409 19.571 14,5 BANKING 11.189 10.582 5,7 NON-BANK 11.220 8.989 24,8 INDUSTRY 4.743 3.522 34,6 RETAIL 3.018 2.559 17,9 ENERGY 1.723 1.358 26,9 CEMENT 1.200 1.031 16,3 INSURANCE 449 351 28,1 OTHERS 87 167 ( , ) (47,9) Growth in all non-finance segments

  16. Slide 16: EBITDA (Excluding Non Operational Items)

    EBITDA (EXCLUDING NON OPERATIONAL ITEMS) Million TL % % 2011 2010 % Change Margin Margin TOTAL 4.508 20,1% 4.611 23,6% (2,2) BANK 3.210 28,6% 3.886 36,6% (17,4) NON-BANK 1.146 10,1% 668 7,4% 71,6 INDUSTRY 513 10,8% , 288 8,2% , 77,7 , CEMENT 276 23,0% 229 22,2% 20,4 ENERGY 252 13 5% 13,5% 101 7 1% 7

  17. Slide 17: Non-Operational Items

    Non-Operational Items 2011 IFRS Net Income 1,878 Non-Operational Items Aksigorta share sale profit 247 Reversal of Sasa impairment 72 Fixed asset disposal gains 78 Tax settlement provisions (13) Advansa BV share sale loss (38) Teknosa negative goodwill income 12 Write off of letter of guarantees pro

  18. Slide 18: Leverage and Consolidated FX Position

    Leverage and Consolidated FX Position NET DEBT / (CASH) (excl. bank) Million USD December 31, 31 2011 December 31 31, 2010 TOTAL 1,017 543 ENERGY 950 647 INDUSTRY 624 400 CEMENT 145 104 RETAIL (130) (86) HOLDING&OTHER (572) (522) NET FX POSITION (excl. bank) Million USD December 31, 31 2011 December

  19. Slide 19: Investments

    Investments %29 1,446 1 117 1,117 2010 2011 2010 2011 1% 10% 23% 46% 21% 3% 53% 12% 10% 6% 5% 10% B ki Banking Oth Other I d t i l Industrials C Cement t R t ili Retailing E Energy 19 PUBLIC Increasing investments for future profitability and growth…

  20. Slide 20: Q&A

    Q Q&A 20 PUBLIC

Haci Omer Sabanci Holding A.S. — FY2011 Earnings Presentation on 6ix