Gsd Holding A.s. · BIST:GSDHO
Gsd Holding A.s — Q1 2025 Earnings Presentation
16 slides from Gsd Holding A.s's earnings presentation, May 12, 2025
Slide 1: Q1 2025
GS) Holding Q1 2025 Posted on 12 May 2025
Slide 2: Q1 2025 key figures
1986 Q1 2025 Q1 2025 Q1 2025 Established in TL 218 TL 16,668 TL 11,025 1986 Million Million Million Net Loss Total Assets Equity Group entities listed on 2 Borsa Istanbul (BIST) (*) TMS 29 Inflation Accounting has been applied. 2
Slide 3: GSD Holding Business Lines
GSD Holding Business Lines Finance Maritime GSD Holding operates in finance and marine sectors through its subsidiaries. 3
Slide 4: Finance - Bank
Finance - Total Assets (as of Q1 2025) Established in TL 2,011 1999 Million Net Income* 100% (as of Q1 2025) Owned by GSD Holding TL 129 Million (*) Although inflation adjustment is not applied in banks within the scope of TAS 29, a period loss of 38 million TL occurred with the application of TAS 2
Slide 5: Finance - Factoring
Finance - Net Income* (as of Q1 2025) Total Assets (as of Q1 2025) TL 137 Established in Million TL 3,756 1994 Million Factoring Receivables 98.01% (as of Q1 2025) Owned by GSD Holding TL 3,668 Million (*) Although inflation adjustment is not applied within the scope of TAS 29 in factoring companies
Slide 6: Finance - Asset Management
Finance - Total Assets (as of Q1 2025) Established in TL 518 2024 Million Net Income* 100%’ü (as of Q1 2025) GSD Holding’e aittir. TL 5 Million (*) Although inflation adjustment is not applied within the scope of TAS 29 in asset management companies, a period loss of 6 million TL occurred with the a
Slide 7: Maritime
Maritime - GSD Marin Net Loss Total Comprehensive Established in (as of Q1 2025) Income excluding non- controlling interest 1992 TL 71 (as of Q1 2025) & Million Listed on TL 153 Million BIST GSD Shipping Total Assets Established in (as of Q1 2025) 2016 TL 9,352 Million 7
Slide 8: Consolidated Operating Income (According to TMS 29)
Consolidated Operating Income (According to TMS 29) 525.4 Q1 2025 395.1 15.2 (23.2) 133.3 68.2 Banking Q1 2025 Factoring Q1 2024 Marine Holding 205.3 Varlık Q1 2025 Q1 2024 Consolidated Operating Income / Business Sector Shares in Consolidated Loss - TL Million Operating Income - TL Million (*) (*)
Slide 9: Consolidated Operating Income by Business Segments
Consolidated Operating Income (According to TMS 29) 205.3 Q1 2025 187.3 Q1 2024 147.0 147.6 133.3 Breakdown of 68.2 46.1 Consolidated 15.2 -23.2 0.0 Operating Income by Banking Factoring Marine Holding Varlik the Business Segments – TL Million (*) Business Sector Shares are illustrated before intra-
Slide 10: GSD Marin fleet
Cano Maritime Hako Maritime Nehir Maritime GSD Ship M/V Cano M/V Hako M/V Nehir Finance B.V. Malta Malta Marshall Islands Holland GSD Marin is the first and the only public 447,534 kDWT – Current cargo carrying All 10 ships that have been in GSD Group are shipping company in Turkey. capacity under m
Slide 11: GSD Shipping fleet
Mila Maritime Selim Maritime Dodo Maritime Neco Maritime Lena Maritime Nejat Maritime Guzide Deniz Maritime M/V Mila M/V S.Selim M/V Dodo M/V Olivia M/V Lena M/V Nejat Maritime M/V Deniz Malta Malta Malta Malta Marshall Islands Marshall Islands Malta Marshall Islands GSD Shipping B.V. is established
Slide 12: Net Foreign Currency Position
USD Million USD Million +40 Net Foreign +220 Currency Position GSD Holding Unconsolidated GSD Holding Consolidated 12
Slide 13: Financial Highlights: Consolidated Income Statement
Financial Highlights Consolidated Income Statement (According to TMS 29) $ Million** TL Million TL Million Changes TL Million Q1 2025 Q1 2025 Q1 2024 % Revenue 31,0 1.120,4 1.116,6 %0 Gross Income 16,9 611,4 595,0 %3 Operational Income 10,9 395,1 525,4 %(25) EBIT 13,9 504,0 554,5 %(9) Tax (net) %(14
Slide 14: Financial Highlights: Consolidated Balance Sheet
Financial Highlights Consolidated Balance Sheet (According to TMS 29) $ Million** TL Milyon TL Milyon Changes TL Million Q1 2025 Q1 2025 Q4 2024 % Cash and cash equivalents 63.5 2,397.6 2,194.8 %9 Financial Investments 41.1 1,551.8 3,349.9 %(54) Loans and advances given to customers, net 20.4 771.0
Slide 15: Shareholders of GSD Holding as of Q1 2025
Shareholders of GSD Holding as of Q1 2025 25.5% % M. Turgut Yılmaz GSD Holding (buy-backed shares) MTY Delta Denizcilik İç ve Dış Ticaret 59.9% 10.0% Adeo Turizm Otelcilik Ticaret Limited Şirketi 4.5% Other privileged shareholders 0.1% Publicly owned 0.0% 15
Slide 16: Contact Information
Contact Information www.gsdholding.com.tr +90 216 417 10 08 Investor Relations Department Aynur Zorer Tuğrul Duman Investor Relations Manager Financial Affairs Assistant Manager azorer@gsdholding.com.tr tduman@gsdholding.com.tr