Global Yatirim Holding A.s. · BIST:GLYHO
Global Yatirim Holding A.s — Global Investment Holdings — Q1 2020 Earnings Presentation
23 slides from Global Yatirim Holding A.s's earnings presentation, 2020
Slide 1: Financial Presentation Q1 2020
GLOBAL INVESTMENT HOLDINGS Financial Presentation Q1 2020
Slide 2: Current Portfolio (Q1 2020)
Current Portfolio (Q1 2020) Brokerage & Asset Ports Power/Gas/Mining Real Estate Management Revenue: 130.5mn TL Revenue: 163.7mn TL Revenue: 9.8mn TL Revenue: 19.5mn TL EBITDA: 62.9mn TL EBITDA: 29.6mn TL EBITDA: 3.9mn TL EBITDA: 4.7mn TL Net Debt: 330.3mn USD / Avg. Maturity: 2.4yrs Net Debt: 86.8m
Slide 3: I – Financial Review
G GLOBAL INVESTMENT HOLDINGS |— FINANCIAL REVIEW
Slide 4: Financial Highlights
Financial Highlights (mn TL) Net revenues Q1 2020 Q1 2019 %change Gas 84.9 73.4 16% Power 54.8 25.1 118% Mining 24.0 25.6 -6% Ports 130.5 110.8 18% Brokerage & Asset Management 19.5 13.8 42% Real Estate 9.8 11.7 -16% Holding stand-alone 0.0 0.0 NA Others 0.0 0.0 2% GIH total 323.5 260.4 24% Operatin
Slide 5: Major Developments of Q1 2020
Major Developments of Q1 2020 Ports Gas Real Estate Holding GPH concluded acquisition of Naturelgaz signed an The contract rental agreement GIH completed the the operator of La Goulette, agreement to purchase of the 6. Vakıfhan building, 124,620,000 TL nominal Tunisia SOCAR Turkey LNG which
Slide 6: Covid-19 crisis management
Covid-19 crisis management Post management actions cruise port The Group put in place several significant actions to protect the balance sheet and long term future of the businesses operations in a no cruise environment Survivability • The port division has taken further actions to reduce the cost b
Slide 7: Financial Highlights: Change in Revenue
Financial Highlights: Change in Revenue Revenue (mn TL) (Q1 2019 vs. Q1 2020) 11.5 -1.6 -1.9 5.8 19,6 29.7 323,5 260,4 Ports Power Mining Gas Brokerage, Asset Real Estate Q1 2019 Q1 2020 Mngmnt.&Others Global Investment Holdings reported 323.5mn TL revenues for the first three months of 2020, up b
Slide 8: Financial Highlights: Change in Operating EBITDA
Financial Highlights: Change in Operating EBITDA EBITDA (mn TL) (Q1 2019 vs. Q1 2020) 12.8 0.9 -1.5 -2.1 3.0 1.1 -3.8 -4.0 78,7 85,1 Power Ports Other Gas Mining Real Estate Stand Alone Q1 2020 Q1 2019 Brokerage& Mngmnt. Holding Asset At the end of first there months of 2020, Global Investment Hol
Slide 9: Financial Highlights: Operational EBITDA by Division
Financial Highlights: Operational EBITDA by Division Operational EBITDA By Divison 74,3 74,0 (in mn TL) 13,2 14,2 10,9 6,0 4,7 6,7 5,2 4,5 1,7 -1,9 Power Ports Mining Pera & Van CNG Brokerage & Asset Mng. Q1 2019 Q1 2020 9
Slide 10: Financial Highlights: Change in P&L
Financial Highlights: Change in P&L • GIH reported a consolidated net loss of 131.0mn TL in the first quarter of 2020, compared to a net loss of 82.4mn TL in in the same period last year. Despite higher revenue recognition along with EBITDA maximization, the net loss stemmed mainly from non-cash dep
Slide 11: II – Operational Performance by Division
II – OPERATIONAL PERFORMANCE BY DIVISION
Slide 12: Gas Division: Naturelgaz
Gas Division: Naturelgaz Naturelgaz reported 32.3mn Sm3 sales volume in Q1 2020, compared to 31.3mn Sm3 in Q1 Naturelgaz 2019. Volume growth was achieved by focusing on new customer acquisitions to reduce the Revenue, EBITDA and Volume effects of seasonality and increase market share Revenues su
Slide 13: Port Division: Global Ports Holding Plc
Port Division: Global Ports Holding Plc GPH Total Revenues Passenger volumes rose 146% yoy to 1.25m in Q1 2020, driven by the Cruise EBITDA Margin* & & first time contribution from the new Caribbean ports Commercial EBITDA Margin* Consolidated EBITDA (mn TL) Despite the Covid-19 impact, the repo
Slide 14: 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 100.1 MW, of which 46.0 MW is from renewable sources (biomass and solar) and the remaining capacity consists of co/tri-generation plants The Group’s installed capacity in bioma
Slide 15: 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 is expected to generate about 20 million kWh electricity per annum, meeting the electricity requirement of more than 7.5 tho
Slide 16: Mining Division: Straton
Mining Division: Straton The Company realized 117,736 tons of product sales in Q1 2020, down by 12% yoy, mainly due to slower demand from export markets The Company’s main export markets continued to be Spain, Italy and Egypt. Export related sales volume reached 110,380 tons while domestic sales
Slide 17: 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 reported revenues of 9.8mn TL and an operating EBITDA of 3.9mn TL in the quarter, compared to 11.7mn TL and 6.0mn TL, respectively a year ago •
Slide 18: Asset Management & Brokerage Division
Asset Management & Brokerage 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 advisory
Slide 19: III – Appendix
G GLOBAL INVESTMENT HOLDINGS Ili - APPENDIX
Slide 20: Balance Sheet
Balance Sheet (mn TL) 31 March 2020 31 December 2019 ASSETS Current Assets 1,495.4 1,350.5 Cash and Banks 613.5 474.7 Marketable Securities 18.6 8.5 Trade Receivables 408.0 458.6 Inventories 82.7 85.4 Other Receivables and Current Assets (1) 372.6 322.4 Assets classified as held for sale 0.9 0.9 Non
Slide 21: Income Statement
Income Statement (mn TL) Q1 2020 Q1 2019 Total gross revenues 323.5 260.4 Cost of sales and services -268.5 -209.8 Gross Profit 55.0 50.6 Operating expenses -84.1 -68.3 Other operating income/(loss), net -6.2 -7.6 Equity pickup asset gains/(losses) -4.2 8.3 Gross operating profit/(loss) -39.4 -17.0
Slide 22: Debt Position - As of 31.03.2020
Debt Position - As of 31.03.2020 Interest Year of Holding standalone debt Currency Rate Maturity Amount mn TL mn USD Eurobond, net USD fixed 2022 22.1 3.4 TL bond TL floating 2020 20.0 3.1 TL bond TL floating 2020 124.6 19.1 TL bond TL floating 2021 125.4 19.2 Secured bank loans TL fixed 2021 31.0 4
Slide 23: 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
Global Investment Holdings — Q1 2020 Earnings Presentation on 6ix