Dogan Sirketler Grubu Holding A.s. · BIST:DOHOL
Dogan Sirketler Grubu Holding A.s — FY2024 Earnings Presentation
28 slides from Dogan Sirketler Grubu Holding A.s's earnings presentation, Mar 5, 2025
Slide 1: 2024 Operational and Financial Results
2024 Operational and Financial Results March 5, 2025
Slide 2: Disclaimer
The information contained in this presentation has been obtained from sources deemed reliable by Dogan Sirketler Grubu Holding A.S. (“Dogan Holding”) and is provided solely for informational purposes. However, Dogan Holding makes no representations or warranties regarding the accuracy, completeness,
Slide 3: 2024 Highlights
2024 Highlights Portfolio optimization continued NAV improved despite Flattish NAV discount and regulatory challenges relative share performance • • • o o o • • o o Solo Net Cash Position (mn USD) Net Asset Value (mn USD) NAV Discount (%) 695 671 2,598 58 59 2,354 2023 2024 2023 2024 2023 2024 3
Slide 4: 2024 Summary Financial Performance, Reported
2024 Summary Financial Performance, Reported (Million TRY) Revenue, mn TL EBITDA*, mn TL Net Profit/Loss, mn TL 84,493 10,740 4,317 75,706 3,012 -210 2023 2024 2023 2024 2023 2024 4
Slide 5: 2024 Summary Financial Performance, L-f-L
2024 Summary Financial Performance, L-f-L* (Million TRY) Revenue, mn TL EBITDA**, mn TL Net Profit/Loss, mn TL 75,706 83,629 10,740 4,007 2,795 -210 2023 2024 2023 2024 2023 2024 *Gumustas and Doku Mining started to be consolidated as of 4Q24, hence L-f-L is presented excluding the mining operations
Slide 6: Strategic and Tactical Focus Areas
Strategic Tactical Focus Areas Focus Areas Renewable Energy Mining Financial Services Automotive Electronics, Internet, Entertainment Technology & Industry Real Estates GWIND capacity Production capacity Innovative financial Multiple brand & Value-added, high- Opportunistic real commitment until 203
Slide 7: Strategic Focus Areas
KNOWS AND CREATES VALUE Strategic Focus Areas 7
Slide 8: Electricity Generation Galata Wind
Electricity Generation Ş ş Galata Wind Revenue EBITDA & margin Ş ş 2,684 76% 2,364 69% 2,029 1,636 2023 2024 2023 2024 Net Profit 900 834 2023 2024 8
Slide 9: Galata Wind
Galata Wind Total Installed Capacity (Present) 2025-2026 2030 Mersin WPP 62.7 MW Mersin WPP (Capacity expansion) 39 MW Europe SPP Investment 100 MW Şah WPP 105 MW Taşpınar WPP 79 MW Taşpınar Hybrid SPP (2nd Phase) 25 MW PPs with Storage Taşpınar Hybrid SPP (1st Phase) 16.4 MW Alapınar WPP (New Licen
Slide 10: Mining
Mining ş ş Revenue EBITDA & margin 864 25% 217 Mining Industry Size: Gumustas Capacity: 4Q24 4Q24 Metals Industry Size Breakdown, Türkiye: Current reserves Net Profit Other metals 9 mn ton Gold & Silver 310 3.4 bn USD 34% 39% 45% 61% 4Q24 15% 6% Copper 10 Lead & Zinc 1.5 bn USD Potential reserves 0.
Slide 11: Digital Financial Services Hepiyi Insurance
Digital Financial Services Hepiyi Insurance • Revenue AUM (mn USD) • • 19,565 484 11,067 204 • 2023 2024 11 2023 2024 • Net Profit MOD Market Share %* • 1,420 3,1 744 1,9 • 2023 2024 2023 2024
Slide 12: Tactical Focus Areas
KNOWS AND CREATES VALUE Tactical Focus Areas 12
Slide 13: Automotive Dogan Trend
Sales Volumes (Thousand units) Automotive Dogan Trend 2024 Developments • Despite challenges that new regulations on Chinese imports to Türkiye brought at the beginning of the year, Dogan Trend slightly grew its passenger car sales by 1% to c. 22k Summary Financials (mn TL) • Motorcycle market was f
Slide 14: Electronics & Technology Karel
Electronics & Technology Karel Summary Financials (mn TL) Revenue EBITDA & margin Product Revenue Breakdown 2024 2024 Developments 13,826 11% 13,656 • 1,473 18% 14% o o 22% o -115 2023 2024 o 2023 2024 42% 4% • Net Profit/Loss 339 • -1,526 14 2023 2024
Slide 15: Electronics & Technology Sesa Packaging
Electronics & Technology Sesa Packaging 2024 Developments • • • • Summary Financials (mn TL) Revenue EBITDA & margin 4,406 3,976 21% 14% 932 548 2023 2024 2023 2024 Net Profit 862 431 15 2023 2024
Slide 16: Electronics & Technology Ditas
Electronics & Technology Ditas 2024 Developments Revenue Breakdown by • Product 2024 Summary Financials (mn TL) Revenue EBITDA Kanal D Romanya • • 2,178 1,681 • ş • -53 -113 2023 2024 2023 2024 Net Profit/Loss -23 -206 2023 2024 16
Slide 17: Finance & Investment Dogan Investment Bank & Doruk Factoring
Finance & Investment Dogan Investment Bank & Doruk Factoring 2024 Developments • ğ • DY Bank Summary Financials (mn TL) Revenue Net Profit/Loss Total Assets 428 2,947 3,976 4,151 D Yatırım Bank şık bina fotosu 1,884 koyalım, yoksa Logosunu koyarız -166 2023 2024 2023 2024 2023 2024 Para &logo Doruk
Slide 18: Internet & Entertainment
Internet & Entertainment 2024 Developments Kanal D Romania Hepsiemlak • 2nd most-watched TV channel of Romania • 2nd player in online real estate listings market • Strong EBITDA generation continued • Property Finder became strategic partner • Regular Dividend Payments maintained • Inorganic growth
Slide 19: Real Estate Investments
ğ ş İ Şş İ Real Estate Investments • • • 19
Slide 20: Dynamic Cash Management
Dynamic Cash Management 695 671 2023 2024 Cash Management Strategy: • • • 20
Slide 21: Closing Remarks
KNOWS AND CREATES VALUE Closing Remarks 21
Slide 22: 2025 Guidance
2025 Guidance Strategic Focus Areas Renewable Energy Mining Digital Financial Services (Galata Wind) (Gümüstas) (Hepiyi – DY Bank – Doruk Factoring) TL Revenue growth: CPI* + 5 to 8 pp 50+ MW increase in >50% TL Revenue 250 - 300mn USD AUM* TL EBITDA** growth: CPI* + 6 to 10 pp installed capacity gr
Slide 23: Value-Creating Steps
VALUE-CREATING STEPS 1 Billion $ until 2030 Renewable Energy Mining Digital Financial Services Our Focus: Automotive Electronics/ Internet, Hepiyi Daiichi 23 Technology Entertainment, Real Estates
Slide 24: Appendix
KNOWS AND CREATES VALUE Appendix 24
Slide 25: Appendix / Financial Tables
Appendix / Financial Tables Profit & Loss Statement Balance Sheet ∆ ∆ 25
Slide 26: Appendix / Financial Tables
Appendix / Financial Tables Revenue Breakdown Net Cash / (Debt) Breakdown ∆ ∆ ş ş ş ş ş 26
Slide 27: Appendix – FY24 Segmental Analysis
Appendix – FY24 Segmental Analysis ş ş ş ğ ğ ğ ş 27 ş ş
Slide 28: Investor Relations Contacts
Investor Relations Contacts KNOWS AND CREATES VALUE ir@doganholding.com.tr +90 216 556 90 00 Melda Öztoprak Investor Relations Director meldao@doganholding.com.tr Özge Atay Investor Relations Manager ozgea@doganholding.com.tr 28
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