Global Yatirim Holding A.s. · BIST:GLYHO
Global Yatirim Holding A.s — Global Investment Holdings — FY2021 Earnings Presentation
24 slides from Global Yatirim Holding A.s's earnings presentation, Mar 14, 2022
Slide 1: Global Investment Holdings Financial Presentation FY 2021
GLOBAL INVESTMENT HOLDINGS Financial Presentation FY 2021
Slide 2: Current Portfolio (FY 2021)
Current Portfolio (FY 2021) Brokerage & Asset Ports** Power/Gas/Mining Real Estate Management Revenue: 285.7mn TL Revenue:1,243.3mn TL Revenue: 32.7mn TL Revenue: 227.5mn TL EBITDA: 20.2mn TL EBITDA: 311.4mn TL EBITDA: 13.4mn TL EBITDA: 87.9mn TL Net Debt: 457.2mn USD / Avg. Maturity: 9.8 yrs Net De
Slide 3: I – Financial Review
G GLOBAL INVESTMENT HOLDINGS |— FINANCIAL REVIEW
Slide 4: Financial Highlights
Financial Highlights FY YoY 2022 Net revenues (mn TL) 9M 2021 9M 2020 Q4 2021 Q4 2020 FY 2021 FY 2020 Change Guidance Gas 403,6 326,6 288,5 125,5 692,0 452,1 53,1% 70-140% Growth Power 247,9 189,3 120,7 72,6 368,6 261,8 40,8% Restricted IPO Process Mining 120,8 59,8 61,9 28,9 182,6 88,7 106,0% 80-10
Slide 5: Financial Highlights: Change in Revenue
Financial Highlights: Change in Revenue 1.950,0 1.750,0 Revenue1 (mn TL, FY 2021 vs. FY 2020) 3,3 129,5 1.550,0 94,0 1.350,0 239,9 106,8 1.793,7 1.150,0 123,7 950,0 1.096,5 750,0 Global Investment Holdings reported 1,793.7mn TL revenues (excluding IFRIC-12 Construction Revenue and revenues from Po
Slide 6: Financial Highlights: Change in Operating EBITDA
Financial Highlights: Change in Operating EBITDA Consolidated 450,0 Operating EBITDA (mn TL, 2021 vs. 2020) 400,0 64,7 -10,4 excluding Port Akdeniz’s 350,0 159.5mn TL EBITDA in 1,6 56,2 300,0 FY 2020 2,9 37,1 250,0 52,0 424,9 200,0 52,6 150,0 168,2 excluding Port 100,0 Akdeniz’s 159.5mn TL EBITDA
Slide 7: Financial Highlights: Operational EBITDA by Division
Financial Highlights: Operational EBITDA by Division Operational EBITDA by Division (mn TL) 160,0 148,2 140,0 120,0 96,2 96,0 98,9 100,0 87,9 80,0 68,3 64,3 60,0 40,0 31,7 27,1 18,8 20,0 11,9 13,4 0,0 Operational ports Power Gas Mining Brokerage & Asset Mng. Real estate FY 2020 FY 2021 Excluding Por
Slide 8: Financial Highlights: Change in P&L
Financial Highlights: Change in P&L • GIH reported a consolidated net loss of TL 111.1m in FY 2021, compared to a net loss of TL 298.6m in FY 2020. The net loss stemmed mainly from non-cash depreciation and foreign currency translation differences incurred on the Group’s long term borrowings. The bo
Slide 9: Debt Position - As of 31.12.2021
Debt Position - As of 31.12.2021 Interest Year of Amount Holding standalone debt (TL m) Currency Rate Maturity TL mn US$ mn Eurobond, net USD fixed 2022 43,9 3,4 TL bond TL fixed 2022 136,2 10,5 Secured bank loans TL fixed 2022 204,1 15,7 Secured bank loans TL fixed 2023 1,8 0,1 Secured bank loans E
Slide 10: Net Debt Bridge
Net Debt Bridge 31.12 2021 vs 30.09.2021 (mn $) When Nassau debt Increase in net debt is driven by excluded, net debt would 600,0 the Nassau debt where major see a $25.4m decrease construction is taking place 550,0 -15,0 -5,1 -1,2 -4,0 -0,2 61,0 500,0 556,6 521,1 450,0 400,0 31.12 2021 vs 31.12.2020
Slide 11: II – Operational Review
G GLOBAL INVESTMENT HOLDINGS ll -— OPERATIONAL REVIEW
Slide 12: Major Developments
Major Developments Ports Gas Power Finance Holding GPH completed the sale of Naturelgaz signed an The IPO process of a fully GIH exercised its option to GIH increased its issued Port Akdeniz for an EV of agreement with Petrol Ofisi owned subsidiary, Consus buy additional 40% stake in share c
Slide 13: III – Financial & Operational Performance by Division
III – FINANCIAL & OPERATIONAL PERFORMANCE BY DIVISION
Slide 14: Gas Division: Naturelgaz
Gas Division: Naturelgaz Naturelgaz maintained its solid financial position in 2021 thanks to its operational capability, efficient cost management structure and increased operations in Citygas Naturelgaz business line. In December 2021, performance has reached a historic record Revenue, EBITDA an
Slide 15: Ports Division: Global Ports Holding Plc (GPH)
Ports Division: Global Ports Holding Plc (GPH) Passenger volumes (consolidated and managed ports) of 1.5m in 2021 were up Total Revenues1 (mn TL) from the 1.3m reported in 2020; while 2020 passenger volumes included the largely pre-pandemic Q1 2020 and, in particular, the strong contribution from
Slide 16: Power Division: Co/Tri-Generation, Biomass and Solar
Power Division: Co/Tri-Generation, Biomass and Solar Power generation portfolio of the Group has a combined capacity of 94.1 MW, of which 40.0 MW is from renewable sources (biomass and solar) The Group’s installed capacity in biomass and solar is 29.2MW and 10.8MWp, respectively. All renewable p
Slide 17: Power Division: Solar
Power Division: Solar Global Investment Holdings has commissioned its first solar power plant, Ra Solar, with 10.8MWp installed capacity in Mardin in late 2019. The facility completed its first year of operations in 2020, standing out as one of the most efficient plants in the country, with its ge
Slide 18: Mining Division: Straton
Mining Division: Straton The Company realized 531,728 tons of product sales in 2021, up by 45% yoy, mainly due to strong feldspar demand from export markets The Company’s main export markets continued to be Spain, Italy and Egypt. Export related sales volume reached 480,204 tons while domestic s
Slide 19: Real Estate Division: Ardus
Real Estate Division: Ardus The Real Estate division’s revenues include rent revenues and residential/commercial sales revenues The real estate division registered 11% increase in revenues and 13% increase in EBITDA in 2021 yoy, with revenues and EBITDA standing at 32.7mn TL and 13.4mn TL, respe
Slide 20: Asset Management & Brokerage Division
Asset Management & Brokerage Division: Istanbul Asset Management & 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 re
Slide 21: IV – Appendix
G GLOBAL INVESTMENT HOLDINGS IV — APPENDIX
Slide 22: Balance Sheet
Balance Sheet (TL Million) 31 Dec 2021 31 Dec 2020 ASSETS Current Assets 3.640,2 2.889,5 Cash and Banks 1.535,9 991,7 Marketable Securities 176,3 7,1 Trade Receivables 801,9 422,5 Inventories 140,2 99,8 Other Receivables and Current Assets (1) 985,9 226,6 Assets classified as held for sale 0,0 1.141
Slide 23: Income Statement
Income Statement (TL Million) FY 2021 FY 2020 Total gross revenues 2.584,75 1.629,16 Cost of sales and services -2.106,90 -1.423,14 Gross Profit 477,85 206,02 Operating expenses -504,77 -396,66 Other operating income/(loss), net 468,99 77,88 Equity pickup asset gains/(losses) -85,52 -29,79 Gross ope
Slide 24: 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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