Slide 1: Koç Holding 9M08 Earnings Presentation
Koç Holding 9M08 Earnings Presentation November 2008
Slide 2: Robust financial & operational performance continued in 9M08 despite global financial turmoil
Robust financial & operational performance continued in 9M08 despite global financial turmoil • Revenues reached YTL43,997mn (US$36,090mn), registering 30% YoY increase in YTL terms and 43% in US$ terms • Operating profit reached YTL4,928mn (US$4,043mn), registering 83% YoY increase in YTL terms and
Slide 3: Operating profit was doubled in US$ terms while net profit posted 77% increase
Operating profit was doubled in US$ terms while net profit posted 77% increase € Mn* US$ Mn* YTL Mn YTL Mn Change Change 30/Sep/08 30/Sep/08 30/Sep/08 30/Sep/07 %, YTL %, US$ Revenues 23,695 36,090 43,997 33,870 30 43 Gross Profit 3,545 5,400 6,583 5,486 20 32 EBITDA 2,979 4,537 5,532 3,242 71 87 Op
Slide 4: Revenues from ongoing operations increased by 30% in YTL and 43% in US$ terms
Revenues from ongoing operations increased by 30% in YTL and 43% in US$ terms Total Revenues (YTLmn) Share of Segment Revenues (%) 30% Energy 43,997 63% Automotive 33,870 12% Durables 12% Other Finance 3% 10% 9M07 9M08 Segment Contribution to Total Revenues (YTLmn) 48% 27,757 18,719 21% 6% 7% 5,379
Slide 5: EBITDA increased by 23% in YTL and 36% in US$ terms excluding one-offs
EBITDA* increased by 23% in YTL and 36% in US$ terms even when the one-off items are excluded EBITDA Consumer Consolidated Energy Automotive Finance Other YTL mn Durables Total 9M08 1,919 576 499 771 1,767 5,532 Total EBITDA (YTL mn) Segmental EBITDA Breakdown (%) Automotive 10% 71% Durables 5,532 9
Slide 6: Largest contribution to EBITDA came from Energy followed by Finance
Largest contribution to EBITDA came from Energy followed by Finance Segment Contribution to EBITDA (YTL mn) 32% 1413% 1,919 1,767 1,451 33% 21% 17% 771 576 604 637 434 499 117 Normalized 112 Energy Autom otive Durables Finance Other 9M07 9M08 EBITDA Margin by Segment 124.7 (%) 18.0 15.9 10.7 11.0 9.
Slide 7: The YoY YTL increase in operating profit was 83% including asset sales & 26% excluding one-offs
The YoY YTL increase in operating profit* was 83% including the asset sales & 26% excluding the one-off items Operating Profit Consumer Consolidated Energy Automotive Finance Other YTL mn Durables Total 9M08 1,682 437 374 710 1,724 4,928 Total Operating Profit (YTL mn) Segmental Operating Profit Bre
Slide 8: Highest increase in operating profit was registered in Energy followed by Automotive
Highest increase in operating profit was registered in Energy followed by Automotive Segment Contribution to Operating Profit (YTL mn) 2082% 36% 1,682 1,724 1,240 35% 25% 22% 710 569 437 477 324 374 79 Normalized 70 Energy Autom otive Durables Finance Other 9M07 9M08 Operating Profit Margin by Segme
Slide 9: Strong Resilience Against FX & Interest Rate Volatility at the Holding Company
Strong Resilience Against FX & Interest Rate Volatility at the Holding Company Koç Holding Stand-Alone Net Cash FX Position Position + US$ 550 mn Total Debt: ~US$ 1bn Total Cash: ~US$ 2bn Net Cash: ~US$1bn 2009 Redemption Schedule : US$ 400 mn in Jan09 – Funds already secured; not planned to be roll
Slide 10: EBITDA Margin was 12.6% with capital gains & 8.8% excluding one-off items
EBITDA Margin was 12.6% with capital gains & 8.8% excluding one-off items EBITDA Margin (%) EBITDA Margin excl. Finance (%) 12.6 9.6 12.0 8.3 9.3 8.4 8.8 8.7 Normalized 7.6 Normalized 7.8 Normalized Normalized 9M06 9M07 9M08 9M06 9M07 9M08 Operating Profit Margin (%) 11.2 7.9 7.6 7.4 6.6 Normalized
Slide 11: Net income margin increased to 5.7% while Return on Average Equity reached 38.7%
Net income margin increased to 5.7% while Return on Average Equity reached 38.7% (%) RoAE (%) Net Income Margin 38.7 5.7 34.8 4.6 9M07 9M08 9M07 9M08 11
Slide 12: Thank You
Thank You 12
Slide 13: Disclaimer
Disclaimer This presentation does contain forward-looking statements that reflect the Company management’s current views with respect to certain future events based on the base-case assumptions. Although it is believed that the expectations reflected in these statements are reasonable, they may be a
Slide 14: Shareholder Structures as of September 2008
Shareholder Structures as of September 2008 Koç Holding Koç Family: 70.52% Free Float: 20.34% Vehbi Koç Foundation: 7.15% Koç Pension Fund: 1.99% Energy Automotive Consumer Durables Finance Other Ford Otosan Arçelik Koç Financial Services Tat Konserve Tüpraş KH share: 38.46% KH share: 39.14% KH shar
Slide 15: For Further Questions, Please Contact:
For Further Questions, Please Contact: Funda Güngör, Coordinator Investor Relations & Economic Research Strategic Planning Group fundag@koc.com.tr +90 216 531 0535 Aslı Selçuk, Manager Investor Relations Strategic Planning Group aslii@koc.com.tr +90 216 531 0537 Neslihan Aycıl, Specialist Investor R