Global Yatirim Holding A.s. · BIST:GLYHO
Global Yatirim Holding A.s — Global Investment Holdings — 9M 2016 Earnings Presentation
22 slides from Global Yatirim Holding A.s's earnings presentation, 2016
Slide 1: Global Investment Holdings Financial Presentation 9M 2016
GLOBAL INVESTMENT HOLDINGS Financial Presentation 9M 2016
Slide 2: Current Portfolio – Q3 2016
Current Portfolio – Q3 2016 Brokerage & Asset Ports Power/Gas/Mining Real Estate Management Revenue: 18.6mnTL Revenue: 264.7mnTL Revenue: 170.4mnTL Revenue: 23.8mnTL EBITDA: 12.7mnTL EBITDA: 156.1mnTL EBITDA: 24.0mnTL EBITDA: -9.0mnTL Net Debt: 41.4USD Net Debt: 280.3 mnUSD Avg. Maturity: 5.9 yrs Ne
Slide 3: I – Financial Review
G GLOBAL INVESTMENT HOLDINGS |— FINANCIAL REVIEW
Slide 4: Financial Highlights
Financial Highlights (TL mn) Net revenues H1 2016 Q3 2016 H1 2015 Q3 2015 9M 2016 9M 2015 %change Power / Gas / Mining 97.2 73.2 93.4 70.4 170.4 163.8 4% Ports 153.9 110.8 120.6 96.1 264.7 216.7 22% Brokerage & Asset Management 16.5 7.2 13.7 11.2 23.8 24.8 -4% Real Estate 11.7 6.9 6.3 2.4 18.6 8.7 1
Slide 5: Ports: Major Developments
Major Developments Ravenna Cruise Port - In July 2016; Global Ports Holding (“Global Ports”) announced that it had started negotiations with the operating companies of some cruise ports in Italy regarding the share purchase of these cruise ports. As of September 30, 2016, through its wholly owned
Slide 6: Financial Highlights: Change in Revenue
Financial Highlights: Change in Revenue Revenue (9M 2015 vs. 9M 2016) 600 500 48.0 6.6 9.9 -1.1 400 300 479.2 200 415.8 100 0 Q3 2015 Ports Gas/Mining/Power Real Estate Brokerage, Asset Q3 2016 Mngmnt.&Others During the first nine months of 2016, Global Investment Holdings‟ (GIH) revenues reached
Slide 7: Financial Highlights: Change in EBITDA
Financial Highlights: Change in EBITDA EBITDA (9M 2015 vs. 9M 2016) Operating EBITDA Δ: TL35.5mn 200 1,9 11.0 -2.8 -6.1 180 -16.0 160 32.5 140 120 100 80 163.4 142.9 60 40 20 0 At the end of 9M 2016, GIH reported consolidated EBITDA of TL163.4mn, compared to 9M 2015 EBITDA of TL143.0mn; implying 1
Slide 8: Financial Highlights: Operational EBITDA by Division
Financial Highlights: Operational EBITDA by Division (Reported EBITDA adjusted for non-recurring items) Operational EBITDA By Divison (mn TL) 100.0 80.0 60.0 40.0 20.0 0.0 -20.0 Port Ege Ports BPI Port of Bar Bodrum Naturelgaz Straton Tres Real Estate Global Akdeniz Port Mining Energy Securities 201
Slide 9: Financial Highlights: Change in P&L
Financial Highlights: Change in P&L GIH reported a consolidated net loss of TL62.9mn in 9M 2016, compared to a net loss of TL61.1mn in 9M 2015. The main reasons for the loss were non-cash depreciation charges, and increase in net interest expenses. Depreciation and amortisation charges have increa
Slide 10: II – Operational Performance by Division
II – OPERATIONAL PERFORMANCE BY DIVISION 10
Slide 11: Global Ports Holding
Global Ports Holding GPH Total Revenues Cruise EBITDA Margin* & & Comercial EBITDA Margin* EBITDA (TL)* 70.0% 68.5% Group‟s total passengers increased by 10.0% in 9M 2016 YoY through inorganic 264.7 64.3% 64.7% growth. When VCP proforma effect in 9M 2016 is included, total passengers indicate a 5.
Slide 12: Power/Gas/Mining: Naturelgaz
Power/Gas/Mining: Naturelgaz Naturelgaz Revenue & Volume The Group‟s Power/Gas/Mining Division revenues in 9M 2016 amounted to TL170.4mn. Naturelgaz recorded revenues of TL130.0mn in 9M 2016. 138.3 Reported sales volume of 9M 2016 stood at 107.7mn m3, 130.0 compared to 102.4mn m3 for the same pe
Slide 13: Power/Gas/Mining: Straton Mining
Power/Gas/Mining: Straton Mining • Straton registered 1% volume growth, while recording 20% revenue increase. • The Company realized 299,891 tons of product sales and recorded revenues of TL27.0mn in 9M 2016. • The Company exported 269,550 tons feldspar mainly to Spain, Italy, Egypt and Middle East
Slide 14: Power/Gas/Mining Division: Co-Gen and Biomass
Power/Gas/Mining Division: Co-Gen and Biomass As of September, 2016, the total contracted generation capacity of Tres Energy is 50 MW. Of the total contracted generated capacity, 28.8 MW has already initiated operations and supplies power to consumers. Tres Energy plans to complete the constructio
Slide 15: Power/Gas/Mining Division: Solar Power & Tenera Energy
Power/Gas/Mining Division: Solar Power & Tenera Energy GIH‟s goal is to become a market pioneer in solar power development in Turkey. To reach this goal, GIH‟s subsidiary, Ra Solar, has identified several suitable project locations for solar power generation in Turkey and conducted the mandatory s
Slide 16: Real Estate Division: Overview
Real Estate Division: Overview In 9M 2016, revenues of the Real Estate Division were comprised of rent revenues and residential sale revenues. Rental revenues were generated from the Denizli Sumerpark Shopping Mall, which started its operations in March 2011 and Van Shopping Mall, which commenced
Slide 17: Brokerage & Asset Management Segment
Brokerage & Asset Management Segment 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 advisory fees. The Brokerage & Asset Management
Slide 18: III – Appendix
lili - APPENDIX Q GLOBAL INVESTMENT HOLDINGS 18
Slide 19: Balance Sheet
Balance Sheet (TL Million) 30 Sept 2016 31 Dec. 2015 ASSETS Current Assets 667.6 671.4 Cash and Banks 225.0 296.2 Marketable Securities 3.4 15.5 Trade Receivables 162.7 142.8 Inventories 74.8 59.5 Other Receivables and Current Assets (1) 201.6 157.4 Non-current Assets 2,910.5 2,767.4 Financial Asset
Slide 20: Income Statement
Income Statement (TL mn) 9M 2016 9M 2015 Total gross revenues 479.21 415.77 Cost of sales and services -301.05 -277.73 Gross Profit 178.15 138.04 Operating expenses -129.90 -108.26 Other operating income/(loss), net -4.31 3.63 Equity pickup asset gains/(losses) 1.98 1.20 Gross operating profit/(loss
Slide 21: Debt Position
Debt Position Year of Holding standalone debt (TL m) Currency Interest Rate Maturity Amount TL mn Eurobond, gross USD fixed 2017 120.1 TL bond TL floating 2016 85.0 TL bond TL floating 2017 110.0 TL bond TL floating 2017 40.0 TL bond TL floating 2017 50.0 Secured bank loans TL floating 2016 (1) 63.5
Slide 22: 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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