Koc Holding A.s. · BIST:KCHOL
Koc Holding A.s — Investor Presentation (March 2024)
16 slides from Koc Holding A.s's investor presentation, March 2024
Slide 1: Koç Holding: Turkey's Leading Investment Holding Company
KOÇ HOLDING TURKEY’S LEADING INVESTMENT HOLDING COMPANY Corporate Presentation
Slide 2: Koç Holding at a Glance: Shareholding Structure
Koç Holding at a Glance Stable & Supportive Shareholding Structure ~65% 1/3 Koç Family2 Family Share of Foreign Independent Board 20.05% Danışmanlık1 43.75% Investors in Free Float Members Free Float3 26.59% 1/3 1/3 Vehbi Koç Women Board International Board Foundation Koç Pension Fund 7.26% 2.35% Me
Slide 3: Turkey's Leading Investment Holding Company
Koç Holding at a Glance Turkey’s Leading Investment Holding Company ~8% ~7% ~7% Turkey’s largest industrial and services group Combined Revenues/ Total Exports/ R&D expenditure/ Sustainability oriented business model GDP Turkey’s Exports Total private sector R&Ds1 focusing on profitable growth Leadi
Slide 4: Well Positioned to Benefit from Turkey's Growth Potential
Koç Holding at a Glance Well Positioned to Benefit from Turkey’s Growth Potential Largest industrial Largest exporters Largest intellectual Largest distribution network & services group within portfolio property rights portfolio3 4 of the Top 10 3 of the Top 10 >7,600 trademarks ~780 bank branches I
Slide 5: A True Global Player
Koç Holding at a Glance A True Global Player Exports to >155 >95 Production facilities countries and sales & marketing companies abroad 50% International & FX linked revenues1 / Total revenues Operations with ~42 >28K different currencies Employees abroad2 Data as of 2023YE, unless otherwise stated
Slide 6: Operations in Lucrative Businesses with Strategic Alliances
Strategic Overview Operations in Lucrative Businesses with Strategic Alliances Energy Automotive Consumer Finance Other Durables Main Companies Main Companies Main Companies Main Companies Main Companies Tourism DIY Retail Duty Free Marinas Motor Prod. IT Procurement Fintech International Alliances
Slide 7: Strong Domestic Positioning of Leading Brands
Strategic Overview Strong Domestic Positioning of Leading Brands Energy Automotive Consumer Finance Other Durables Largest refining capacity Asset Size DIY Total 1st White 1st 4th in Turkey Automotive Goods among Retailing 1st private banks LPG Commercial Air Number of Marinas 1st 1st 1st 1st 1st Di
Slide 8: Balanced Portfolio Structure Ensures Long-Term Value Creation
Strategic Overview Balanced Portfolio Structure Ensures Long-Term Value Creation… Defensive Assets Growth Assets Aygaz Arçelik Marinas Ford Otosan Divan Otokoç Otokar Düzey Opet Tofaş Entek Setur Tüpraş Koçfinans Yapı Kredi TürkTraktör KoçSistem High dividend High growth Listed company Energy >60% p
Slide 9: Sectoral Diversification Delivers Resilience to Alleviate Cyclicality
Strategic Overview …Sectoral Diversification Delivers Resilience to Alleviate Cyclicality… Net Asset Value Breakdown by Sector1 Key Strengths Key Risks & Sensitivities ✓ Domestic growth potential Automotive ✓ Secured export contracts • Demand in Turkey and Europe PC & CV Manufacturing ✓ Strong posit
Slide 10: Geographical Diversification Supports Sustainable Revenue Generation
Strategic Overview …Geographical Diversification Supports Sustainable Revenue Generation International Revenues / Total Combined Revenues Regional Breakdown of International Combined Revenues1 29% 29% 50% including FX linked revenues of Tüpraş USD 1.0bn USD 19.3bn USD 2.9bn 4% 76% 12% USD 1.7bn 2022
Slide 11: Fundamentals Remain Intact on the Back of Prudent Management
Key Metrics Fundamentals Remain Intact on the Back of Prudent Management Strong Cash Position Solid Liquidity FX Position USD 795mn 1.3x +USD 743mn Solo Current Ratio Solo Net Cash on Combined Basis3 FX Position + USD 1.3bn Gross cash + USD 780mn Consolidated FX position TL 4% after natural hedge4 H
Slide 12: Credit Ratings
Strategic Overview Credit Ratings Standard & Poors (S&P) Moody’s BB- B2 Two notches above sovereign One notch above sovereign 8 S Baa2 P P P P S S N S BBB7 Baa3 Investment Grade Threshold S S S S P N S N N S S N N N BBB- 6 Ba1 N Investment Grade Threshold P S S N S N BB+5 Ba2 N S N N N S S BB 4 Ba3
Slide 13: Investing with a Focus on Scale and Returns
Strategic Overview Investing with a Focus on Scale and Returns Investments (Combined, TL bn) Growth Opportunities • Energy - Domestic & int’l growth opportunities 108.7 ~USD 11.2 bn¹ across different segments such as renewables, Existing LNG and LPG over the last 5 years Businesses • Automotive - Ne
Slide 14: Group's 2023 Financial Performance
Group’s 2023 Financial Performance Varying Performances at Different Segments Financial Performance TL Million Consumer Energy Automotive Finance Other TOTAL Durables Combined Revenues1 1,051,742 739,103 297,189 388,576 116,697 2,593,307 Change (y/y) -22% 25% 2% 22% 9% -2% Segment Share in Total 41%
Slide 15: Shareholding Structures
Shareholding Structures Koç Holding Koç Family: 63.8%1 Free Float: 26.6% Vehbi Koç Foundation: 7.3% Koç Pension Fund: 2.3% Share Buyback: 0.04% Consumer Energy Automotive Finance Other Durables Tüpraş Ford Otosan Tat Gıda5 EYAŞ: 46.4% Arçelik Yapı Kredi Bank KH: 39% KH: 41% KH: 20.22% KH: 44% KH: 6.
Slide 16: Disclaimer
Disclaimer With the Capital Markets Board of Turkey’s Bulletin dated 28.12.2023 numbered 2023/81, CMB announced that issuers and capital market institutions shall prepare their annual financial statements ending on 31.12.2023 or later, in accordance with IAS 29 inflationary accounting provisions. Ac