Global Yatirim Holding A.s. · BIST:GLYHO
Global Yatirim Holding A.s — Global Investment Holdings — FY2018 Earnings Presentation
25 slides from Global Yatirim Holding A.s's earnings presentation, 2019
Slide 1: Financial Presentation: 2018 Full Year Results
GLOBAL INVESTMENT HOLDINGS Financial Presentation 2018 Full Year Results
Slide 2: Current Portfolio (FY 2018)
Current Portfolio (FY 2018) Brokerage & Asset Ports Power/Gas/Mining Real Estate Management Revenue: 601.0mn TL Revenue: 409.4mn TL Revenue: 61.1mn TL Revenue: 48.4mn TL EBITDA: 402.7mn TL EBITDA: 69.1mn TL EBITDA: 25.6mn TL EBITDA: 2.9mn TL Net Debt: 267.1mn USD / Avg. Maturity: 4.7 yrs Net Debt: 8
Slide 3: I – Financial Review
G GLOBAL INVESTMENT HOLDINGS |— FINANCIAL REVIEW
Slide 4: Financial Highlights
Financial Highlights (TL mn) Net revenues 9M 2018 4Q 2018 9M 2017 4Q 2017 2018 2017 %change Gas 184.5 63.8 165.8 46.3 248.2 211.2 17% Power 59.4 23.6 32.3 3.2 83.0 35.5 134% Mining 54.6 23.5 45.6 15.1 78.2 60.7 29% Ports 431.6 169.5 316.2 108.3 601.0 424.5 42% Brokerage & Asset Management 36.3 12.1
Slide 5: Major Developments of 2018
Major Developments of 2018 Ports Power & Gas Holding GPH has been awarded the cruise port tender GIH commissioned its Mardin/Derik GIH earned the right to receive an integrated for a 25-year concession for Nassau Cruise biomass power plant with 12MWe, ISO 9001:2015 Quality Management Port, Bah
Slide 6: Financial Highlights: Change in Revenue
Financial Highlights: Change in Revenue Revenue (mn TL) (2017 vs. 2018) 17,5 15,1 29,7 36,1 47,5 * İncluding spot 176,6 gas sales 1.128,4 805,9 FY 2017 Ports FY 2018 Gas Mining Power Mngmnt.&Others Real Estate Brokerage, Asset Global Investment Holdings reported 1,128.4mn TL revenues for the perio
Slide 7: Financial Highlights: Change in Operating EBITDA
Financial Highlights: Change in Operating EBITDA EBITDA (mn TL) (2017 vs. 2018) 20,3 5,0 1,4 -7,4 3,6 7,0 28,6 128,1 465,0 278,4 Ports Other FY 2017 FY 2018 Gas Mining Power Holding Real Estate Brokerage& Stand Alone Mngmnt. Asset At the end of 2018, GIH’s operating EBITDA surged by 67% , reaching
Slide 8: Financial Highlights: Operational EBITDA by Division
Financial Highlights: Operational EBITDA by Division 236,7 171,4 94,9 64,0 40,0 30,3 31,2 24,9 22,0 17,4 14,7 10,8 12,7 11,4 6,8 7,1 3,0 5,9 0,1 1,7 1,5 2,9 Port Akdeniz Port of Bar BPI VCP-Malta Ege Liman Italian Ports Other Cruise Power CNG Mining Brokerage & Asset Mng. 2017 2018 8
Slide 9: Financial Highlights: Change in P&L & Debt Position
Financial Highlights: Change in P&L & Debt Position • GIH reported a consolidated net loss of 89.9mn TL in 2018, compared to a net loss of 329.2mn in 2017. Despite higher revenue recognition along with EBITDA maximization, the net loss stemmed mainly from non-cash depreciation and foreign currency t
Slide 10: II – Operational Performance by Division
II – OPERATIONAL PERFORMANCE BY DIVISION
Slide 11: Port Division: Global Ports Holding Plc
Port Division: Global Ports Holding Plc GPH Total Revenues Cruise EBITDA Margin* & & GPH ports welcomed 4.4mn cruise passengers on a consolidated basis Commercial EBITDA Margin* Consolidated EBITDA (TL) in 2018, indicating a growth rate of 8.8%. o When all ports are taken into consideration, inclu
Slide 12: Power Division: Co-Gen and Biomass
Power Division: Co-Gen and Biomass Power division, which includes co/tri-generation and biomass renewable power production, reported 83,0mn TL revenues in 2018, more than doubling YoY thanks to: the first time consolidation of biomass operations with 17.2MW installed capacity with feed-in tariff
Slide 13: Power Division: Solar
Power Division: Solar Ra Solar, having already fulfilled all obligations to commence construction of 9 MW Mardin Solar Farm, aims to finalize investment and start power generation by the end of Q3 2019. Barsolar, the Group’s subsidiary established in Montenegro, pursues the first solar energy in
Slide 14: Mining Division: Straton
Mining Division: Straton The Company realized 496,400 tons of product sales The Company’s main export markets were Spain, Italy, Egypt and various Middle Eastern countries. Export related sales volume reached 428.395 tons while domestic sales volume realized at 68.005 tons. Straton continued t
Slide 15: Gas Division: Naturelgaz
Gas Division: Naturelgaz Naturelgaz reported 138.2mn m3 sales volume (excluding spot gas sales) in Naturelgaz 2018, compared to 149.2mn m3 for 2017. Revenue, EBITDA and Volume The Gas Division revenues (excluding spot gas sales) increased by 32.0% in 2018 reaching 242.1mn TL. 248.2 EBITDA almo
Slide 16: Real Estate Division: Ardus
Real Estate Division: Ardus In 2018, revenues of the Real Estate Division were comprised of rent revenues and residential/commercial sale revenues Revenues almost doubled, reaching 61.1mn TL in 2018, while operating EBITDA surged 24%, reaching 25.6mn TL • The increase is mainly attributable to t
Slide 17: Brokerage and Asset Management Division: Actus & Global Securities & Global MD
Brokerage and Asset Management Division: Actus & 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 revenues and advisor
Slide 18: III – Appendix
G GLOBAL INVESTMENT HOLDINGS lili - APPENDIX
Slide 19: Balance Sheet
Balance Sheet (TL Million) 31 Dec 2018 31 Dec 2017 Current Assets 1,104.2 919.8 Cash and Banks 496.9 439.9 Marketable Securities 4.1 5.5 Trade Receivables 268.2 195.3 Inventories 93.4 98.3 Other Receivables and Current Assets (1) 241.5 180.1 Assets classified as held for sale 0.9 0.9 Non-current Ass
Slide 20: Income Statement
Income Statement (TL mn) 2018 2017 Total gross revenues 1,128.4 805.9 Cost of sales and services -748.88 -564.0 Gross Profit 379.56 241.9 Operating expenses -255.58 -241.6 Other operating income/(loss), net 52.84 -211.1 Equity pickup asset gains/(losses) 27.60 10.4 Gross operating profit/(loss) 204.
Slide 21: Debt Position - As of 31.12.2018
Debt Position - As of 31.12.2018 Interest Year of Holding standalone debt (TL m) Currency Rate Maturity Amount TL mn US$ mn Eurobond, net USD fixed 2022 17.1 3.2 TL bond (1) TL floating 2019 14.8 2.8 TL bond TL floating 2020 25.0 4.8 TL bond (2) TL fixed 2019 30.0 5.7 TL bond (3) TL floating 2019 50
Slide 22: IV – Major M&A Developments after reporting period
IV – Major M&A Developments after reporting period
Slide 23: Nassau Cruise Port, Bahamas
Nassau Cruise Port, Bahamas Overview Location • GPH and its partners have been awarded the cruise port tender for a 25- year concession for the Prince George Wharf and related areas, at USA Nassau Cruise Port (NCP) • NCP is one of the most popular and leading destination ports in the Nassau world an
Slide 24: St. John’s Cruise Port, Antigua & Barbuda
St. John’s Cruise Port, Antigua & Barbuda Overview Location • GPH signed a 30-year concession agreement with the Government of Antigua and Barbuda for cruise port operations in Antigua on an exclusive basis • A primary port-of-call for Southern Caribbean itineraries and can berth up to 4 large ships
Slide 25: 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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