Slide 1: Koç Holding 1H11 Earnings Presentation
Koç Holding 1H11 Earnings Presentation 26 August 2011
Slide 2: Financial Performance
Financial Performance Revenues TL34,072mn (US$21,780mn) 39% YoY increase in TL terms and 34% in US$ terms Operating Profit TL2,727mn (US$1,743mn) 36% YoY increase in TL terms and 32% in US$ terms EBITDA TL3,226mn (US$2,062mn) 30% YoY increase in TL terms and 26% in US$ terms Profit Befor
Slide 3: Main Financial Indicators
Main Financial Indicators € Mn* US$ Mn* TL Mn TL Mn Change Change 30.Jun.2011 30.Jun.2011 30.Jun.2011 30.Jun.2010 %, TL %, US$ Revenues 15,520 21,780 34,072 24,596 p 39 p 34 Gross Profit 2,351 3,299 5,161 4,202 p 23 p 19 EBITDA 1,470 2,062 3,226 2,478 p 30 p 26 Operating Profit 1,242 1,743 2,727 2,0
Slide 4: Continuous Growth in Top Line
Continuous Growth in Top Line Revenues – TLmn Share of Segment Revenues – % 39% 34,072 24,596 Energy 62% Automotive 15% Durables 12% 1H10 1H11 Other Finance 4% 8% Segment Contribution to Revenues – TLmn 49% 20,998 14,137 47% 15% 17% 8% 4,977 3,974 3,390 3,453 2,381 2,789 1,235 1,334 Energy Automotiv
Slide 5: High Share of Energy in EBITDA with the Support of Inventory Gains
High Share of Energy in EBITDA with the Support of Inventory Gains EBITDA – TLmn Segmental EBITDA Breakdown – % 30% 3,226 Automotive 2,478 Energy 16% 42% Durables 14% Other 2% 1H10 1H11 Finance 27% Segment Contribution to EBITDA – TLmn EBITDA Margin by Segment – % 69% 33.0 1,347 30.8 9% 860 795 786
Slide 6: Energy & Finance Provide the Highest Contribution to Operating Profit
Energy & Finance Provide the Highest Contribution to Operating Profit Operating Profit Consumer Energy Automotive Finance Other TOTAL TL mn Durables 1H11 1,161 398 338 807 22 2,727 Operating Profit – TLmn Segmental Operating Profit Breakdown – % 36% 2,727 Energy 43% 2,002 Automotive 15% Other Durabl
Slide 7: Strong Margins Despite High Revenue Growth
Strong Margins Despite High Revenue Growth EBITDA Margin – % Operating Margin – % 10.5 8.9 9.4 9.5 8.0 7.6 FY10 1Q11 1H11 FY10 1Q11 1H11 Net Income Margin – % 3.9 3.4 3.2 FY10 1Q11 1H11 www.koc.com.tr 7
Slide 8: Resilience Against Market Volatility with Strong Cash Position
Resilience Against Market Volatility with Strong Cash Position Koç Holding Stand-Alone 30.06.2011 Net Cash Position Total Debt: ~US$ 0.15 bn Total Cash: ~US$ 0.85 bn Net Cash: ~US$ 702 mn 2012-2013 Redemption Schedule US$ 150 mn – to be paid in equal annual installments of US$ 75 mn each January Con
Slide 9: Well-Managed Risk
Well-Managed Risk Koç Holding Stand-Alone FX Position 1Q11 1H11 US$ + 333mn US$ + 339mn Koç Holding Consolidated FX Position Weighted by Effective FX Position Ownership 9M08 2008 2009 2010 1H11 2009 2010 1H11 US$ - 4.2bn US$ - 2.2bn US$ - 1.7bn US$ - 2.9bn US$ - 3.2bn* US$ - 1.1bn US$ - 1.7bn US$ -
Slide 10: 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 11: Shareholder Structures as of June 2011
Shareholder Structures as of June 2011 Koç Holding Koç Family: 68.51% Free Float: 22.35% Vehbi Koç Foundation: 7.15% Koç Pension Fund: 1.99% Consumer Energy Automotive Finance Other Durables Tüpraş Ford Otosan Arçelik Tat Konserve SPV share: 51.00% KH share: 38.46% Koç Financial Services KH share: 4
Slide 12: For Further Questions, Please Contact
For Further Questions, Please Contact : Winner 2010 Best IR Website Award investorrelations@koc.com.tr Funda Güngör Akpınar, Coordinator Investor Relations fundag@koc.com.tr +90 216 531 0535 Aslı Soyubol, Manager Investor Relations aslii@koc.com.tr +90 216 531 0537 Neslihan Aycıl, Associate Investor