Global Yatirim Holding A.s. · BIST:GLYHO

Global Yatirim Holding A.s — Global Investment Holdings — Q1 2025 Earnings Presentation

44 slides from Global Yatirim Holding A.s's earnings presentation, Jul 1, 2025

Slide 2: Corporate Portfolio
Corporate Portfolio Ports Power Gas Mining Finance Real Esate GFS HOLDING A.Ş. 90.4% 51.0% 60.0% 97.7% 66.6% 100% ▪ Van's first ▪ The world's largest ▪ Co/Tri generation: ▪ Turkey’s & ▪ One of Turkey’s ▪ AUM: 124bn TL (Q1 shopping centre independent cruise 59.3 MW installed Europe’s leading leading
Slide 3: We intend to stay focused on our strategic sectors
We intend to stay focused on our strategic sectors Make inorganic acquisitions in high-value regions of the Americas, Ports consolidate the market further while looking for horizontal growth in port/passenger related businesses Develop green energy projects with attractive long-term feed-in tariffs
Slide 4: Capabilities & Strategy
Capabilities & Strategy Effective recognition of attractive Unique position as industry investment opportunities in rapidly consolidator in its port growing sectors operations No specific geographic or Fast Mover First Entrant Always prioritize the sector-bound limits potential for future growth Pro
Slide 5: Financial Highlights (without IAS29)
Financial Highlights (without IAS29) Total Consolidated Revenues (mn TL) Total Consolidated EBITDA (mn TL) 1.889 5,020 %54 %80 3.256 1.052 Q1 2024 Q1 2025 Q1 2024 Q1 2025 5
Slide 6: Financial Highlights (in USD terms)
Financial Highlights (in USD terms) Consolidated Revenues Consolidated EBITDA Consolidated Net Income (mn USD) (mn USD) (mn USD) 138.4 52.3 11.6 31% 52% 105.9 57% 34.5 7.4 Q1 2024 Q1 2025 Q1 2024 Q1 2025 Q1 2024 Q1 2025 The conversion was made using the period-end exchange rates of the respective ye
Slide 7: Financial Highlights
Financial Highlights Without IAS29 As Per IAS29 Net revenues (mn TL) Q1 2025 Q1 2024 % Change Q1 2025 Q1 2024 % Change Gas 2,102.5 1,327.9 58% 2,190.7 1,890.7 16% Power 425.1 272.6 56% 444.2 399.9 11% Mining 135.7 112.4 21% 141.4 164.9 -14% Ports 1 1,846.5 1,166.3 58% 1,921.2 1,710.8 12% Brokerage&A
Slide 8: Financial Highlights (as per IAS29): Change in Revenue & EBITDA
Financial Highlights (as per IAS29) Change in Revenue & EBITDA Revenue (mn TL)1 1Revenues exclude the impact of IFRIC 12 on Cruise Ports amounting to 805mn TL for Q1 2025 and 246mn TL for Q1 2024 EBITDA (mn TL) 8
Slide 9: Financial Highlights: Change in P&L
Financial Highlights: Change in P&L ▪ GIH reported a consolidated net profit of 439.1mn TL in Q1 2025, compared to a net profit of 330.0mn TL in Q1 2024, indicating 33% increase yoy. The bottomline incorporated TL 717.2mn of non-cash expense, of which TL 703.1mn were depreciation and amortization, T
Slide 10: GIH Consolidated Gross Debt
GIH Consolidated Gross Debt St Lucia Project Financing Ports 2% (other) 12% GIH Consolidated Gross Debt (Excluding Maturity <15yr Ports) 23% GIH Consolidated Gross San Juan Project GPH long-term debt: Financing Debt: 1.3mia USD 15% 828.9mn USD Consolidated Gross Debt Nassau Bond Maturity ≥15 years 2
Slide 11: Net Debt/EBITDA (as per IAS29)
Net Debt/EBITDA (as per IAS29) ➢ Net Debt/EBITDA as of Q1 2025: ➢ On a consolidated basis: 4.5x ➢ Excluding all port groups: 3.1x ➢ Excluding debt related to ports with a maturity of 15 years or more: 2.1x 11
Slide 12: Ports
G GLOBAL INVESTMENT HOLDINGS PORTS GLOBAL PORTS HOLDING
Slide 13: Global Ports Holding Plc (GPH)
Global Ports Holding Plc (GPH) 20 Years of Success 2014-2018: 2019+: 2003-2013: “Global Expansion” “Maturity” Globally The Future “Origins” Establishing our Dominant Cruise Global Presence Infrastructure Platform • Founded in 2003 • Deploy expertise globally, • Firmly established as world’s • Now es
Slide 14: Global Ports Holding Plc (GPH) Snapshot
Global Ports Holding Plc (GPH) Snapshot Americas EMEA Asia 2025E EBITDA*: 50% 46% 4% 2032E EBITDA*: 55% Greenock 44% Kalundborg 1% Prince Rupert Liverpool Zadar Bremerhaven Barcelona Tarragona Venice Bar Vigo Ege Port Kusadasi Lanzarote Alicante Las Palmas Fuerteventura Lisbon Malaga Bodrum Taranto
Slide 15: Top Cruise Ports by Region
Global Ports Holding Plc (GPH) Top Cruise Ports by Region 5 Largest Cruise Ports in The Caribbean(1) (MM Pax, 2024T) 5 Largest Cruise Ports in The Mediterranean (MM Pax, 2024T) GPH Terminals Other Terminals 1.5 6,0 5,7 4,2 2,2 1.5 3,2 3,1 2,9 3.9 2,3 2,2 1,0 1,7 1,6 1,3 1,2 2,2 1.5 Nassau Cozumel Co
Slide 16: Strong Pipeline with Clearly Identified Opportunities
Global Ports Holding Plc (GPH) Strong Pipeline with Clearly Identified Opportunities Project Funnel Project Screening / Pre-Feasibility Due Diligence / MoU Concession Agreement & Closing and Induction Financing Negotiations Americas & 5 Ports 4 Ports Caribbean Europe, 1 Ports: Atlantic & • Casablanc
Slide 17: Ports Division: Calls, Passengers and Occupancy
Ports Division: Global Ports Holding Plc (GPH) Total Calls Cruise Occupancy Ratio 115% 107% 106% 95% 566 550 550 542 2,684 495 489 107% 476 2,009 106% 406 313 306 Jan Feb Mar April May June July Aug Sep Oct Nov Dec Jan Feb Mar April May Jan-May 2024 2025 2024 2025 Total Pax 7,125 ➢ Number of calls a
Slide 18: Gas
G GLOBAL INVESTMENT HOLDINGS Gas (NaTURELGAZ
Slide 19: Gas: Naturelgaz
Gas: Naturelgaz Turkey’s & Europe’s leading non-piped natural gas (CNG & LNG) distributor Market Leader of Turkish Non-pipe CNG & LNG Market Shareholder Structure NTGAZ Leader of Turkish Non-pipe 37,2% First trading date on Borsa Istanbul Stock Exchange: CNG & LNG Market: market share* April 1, 2021
Slide 20: Naturelgaz Business Lines
Naturelgaz Business Lines Bulk CNG & LNG City Gas Supplying CNG & LNG for Supplying CNG & LNG to companies in various counties that have no access industries (e.g. asphalt plants, to pipelines due to food & beverage sector, and geographical / economical mining) constraints. Auto CNG Well CNG Operati
Slide 21: Bulk CNG & LNG Operations
Bulk CNG & LNG Operations 1 2 Fertile 3 CNG Economic No waste No 4 No stocking 5 Practicle 6 invisible cost cost Naturelgaz supplies LNG from LNG terminals in Marmara Ereğlisi (Botaş) and Aliağa (Egegaz) LNG is transported to customer sites in LNG tanker trucks LNG Natural gas is delivered to the cu
Slide 22: City Gas
City Gas ➢ Naturelgaz provides CNG and LNG to counties where Naturelgaz is the market creator & the most natural gas cannot be provided through pipelines due to competitive player in economic and geographical reasons. fast growing Citygas business. ➢ Bulk CNG filling stations of Naturelgaz are also
Slide 23: Power
G GLOBAL INVESTMENT HOLDINGS Power
Slide 24: Consus Enerji 104.3 MW installed capacity
Consus Enerji Leading player in the biomass and distributed energy sector 104,3 (MW) installed capacity Biomass Solar Distributed Power Commerce 34.2 MW Installed Power 10,8 MWp 59,3 MW Wholesale/Retail Electricity (including 10.2 MWp Installed capacity Installed capacity Trade auxiliary source SPP)
Slide 25: Power: Distributed Power & Energy Efficiency
Power: Distributed Power & Energy Efficiency Tres Energy 1 59,3 MW Installed Capacity Application Areas: • Industrial Facilities 2 Efficiency up to 90% • Shopping Centers • Hotels • Hospitals 3 Saving opportunity without incurring investment cost • Offices • Ports • Airports 4 Build-Operate/ Energy
Slide 26: Power: Biomass
Power : Biomass Group Structure 1 27,5 MW Installed capacity Consus Energy 2 10 Years YEKDEM (13,3 dolarcent/kwh) Edusa* 3 49 Years License period Mavibayrak Energy Mavibayrak Doğu Energy (Waste / Recycling / Storage) 13,7 MW 13,8 MW 4 (Production) Large biomass supply (operational) (operational) ne
Slide 27: Power: Solar
Power : Solar Overview Location • Global Investment Holdings has commissioned its first solar power plant, Ra Solar, with 10.8 MWp installed capacity in Mardin and commenced operations in 2020, standing out as one of the most efficient plants in the country, with its remarkable generation performanc
Slide 28: Power: Family Islands Power Projects
Power: Family Islands Power Projects International Projects Overview Location of Projects • As part of the tender awarded to Consus Enerji by the Ministry of Energy and Transport of the Government of the Commonwealth of The Bahamas and Bahamas Power and Light Company to supply electricity to two isl
Slide 29: Power: Shore Power Projects
Power: Shore Power Projects International Projects Consus Energy Expands into Global Ports Holding’s Jurisdictions with Pioneering Solar and Shore Power Projects Tarragona Ege Port Kusadasi Bodrum Nassau Antigua St Lucia • Consus Energy, a leading expert in the Turkish energy sector, is expanding it
Slide 30: Mining
(2 GLOBAL mmm INVESTMENT HOLDINGS C.STRATON
Slide 31: Mining: Feldspar
Mining: Feldspar ► Straton Maden, a 97.7% owned subsidiary of GIH, was acquired in 2013 ► Straton has substantial feldspar reserves, mine processing facilities and Volume (tons) commercial teams based in the West Aegean region of Turkey ► In Q1 2025 the Mining segment's revenues declined by 14% to T
Slide 32: Real Estate
G GLOBAL INVESTMENT HOLDINGS REAL ESTATE ih AIDS MARDUS
Slide 33: Ardus Real Estate Investments
Ardus Real Estate Investments Denizli Sumerpark Mix-Use Real Estate Development Sümerpark Project, which is the new living center of Denizli, is on 100,908.07 m2 total gross construction area. The project is composed of Sümerpark Evleri, consisting of 608 houses, private school and hospital lands. C
Slide 34: Finance
INVESTMENT HOLDINGS FINANCE TAL ab istanbul petit (2GLOBAL G GLOBALMD SECURITIES SS PORTFOLIO MANAGEMENT
Slide 35: Istanbul Asset Management
İstanbul Asset Management Istanbul Asset Management is the largest portfolio management company which has domestic capital and without a bank/brokerage house /insurance company as a parent ► Istanbul Asset Management manages 124bn TL in AUM as of Q1 2025. The company has increased the size of its as
Slide 36: Global Securities & Global MD Asset Management
Global Securities&Global MD Asset Management Global Securities: ► is an independent and listed company on BIST that provides capital market brokerage services to individuals and corporates; local and international investors ► had a market share of 1% with an equity trading volume of 281bn TL in Q1 2
Slide 37: GIH's Sustainability
GIH`s Sustainability As a Global Investment Holdings; Sustainability Development Priorities ✓ Global Investment Holdings is listed in the BIST Combating Climate Sustainability Index. Change and Energy Management ✓ We are one of the signatories to the United Nations Global Compact. Global Investment
Slide 38: GIH's Sustainability Contributions
GIH`s Sustainability Contributions Including both Turkey and the other countries where we operate, we touch Local Workforce, people’s lives across a wide territory. We create a local workforce in every region we set up operations, contributing directly to the economic and social contribution to loca
Slide 39: Corporate Governance & Ratings
Company Overview Corporate Governance & Ratings Credit Rating - JCR Eurasia Corporate Governance Rating - Kobirate Confirmed Overall Company Rating: 9.34 (out of 10.0) Global Investment Holdings (GIH) 30.12.2024 Sub-sections Rating Long Term National Local Rating A- (tr) / (Stable Outlook) Sharehold
Slide 40: Chairman & CEO, CFO and Group CEOs
Chairman & CEO, CFO and Group CEOs The evolution of key financial indicators A Team of Industry Specialists The Group’s key executives • Founding shareholder, Chairman and CEO of • Board member of GIH and various Group • Serves as the Group’s CFO since 2020 Global Investment Holdings. Actively invol
Slide 41: Appendix
G GLOBAL INVESTMENT HOLDINGS APPENDIX
Slide 42: Global Cruise Capacity, Development of World Regions
Global Ports Holding Plc (GPH) Global Cruise Capacity, Development of World Regions Over the past few decades, cruising has grown around the world with the Caribbean consistently being the dominant cruise region globally.
Slide 43: Looking Ahead: Net Delivered Lower Berths
Global Ports Holding Plc (GPH) Looking Ahead Forecast Supply 2023-2035 (Total and Net Added Lower Berths) 911 Great Pandemic Estimated Total and Net Attacks Recession Period Lower Berths 2023-2025 Total Lower Berths • c.35% capacity increase • the fastest growing segments ‘Luxury’ and ‘Expedition’ N
Slide 44: 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 2025 Earnings Presentation on 6ix

Global Yatirim Holding A.s — Global Investment Holdings — Q1 2025 Earnings Presentation

Slide 1: Global Investment Holdings Investor Presentation Q1 2025

Slide 2: Corporate Portfolio

Slide 3: We intend to stay focused on our strategic sectors

Slide 4: Capabilities & Strategy

Slide 5: Financial Highlights (without IAS29)

Slide 6: Financial Highlights (in USD terms)

Slide 7: Financial Highlights

Slide 8: Financial Highlights (as per IAS29): Change in Revenue & EBITDA

Slide 9: Financial Highlights: Change in P&L

Slide 10: GIH Consolidated Gross Debt

Slide 11: Net Debt/EBITDA (as per IAS29)

Slide 12: Ports

Slide 13: Global Ports Holding Plc (GPH)

Slide 14: Global Ports Holding Plc (GPH) Snapshot

Slide 15: Top Cruise Ports by Region

Slide 16: Strong Pipeline with Clearly Identified Opportunities

Slide 17: Ports Division: Calls, Passengers and Occupancy

Slide 18: Gas

Slide 19: Gas: Naturelgaz

Slide 20: Naturelgaz Business Lines

Slide 21: Bulk CNG & LNG Operations

Slide 22: City Gas

Slide 23: Power

Slide 24: Consus Enerji 104.3 MW installed capacity

Slide 25: Power: Distributed Power & Energy Efficiency

Slide 26: Power: Biomass

Slide 27: Power: Solar

Slide 28: Power: Family Islands Power Projects

Slide 29: Power: Shore Power Projects

Slide 30: Mining

Slide 31: Mining: Feldspar

Slide 32: Real Estate

Slide 33: Ardus Real Estate Investments

Slide 34: Finance

Slide 35: Istanbul Asset Management

Slide 36: Global Securities & Global MD Asset Management

Slide 37: GIH's Sustainability

Slide 38: GIH's Sustainability Contributions

Slide 39: Corporate Governance & Ratings

Slide 40: Chairman & CEO, CFO and Group CEOs

Slide 41: Appendix

Slide 42: Global Cruise Capacity, Development of World Regions

Slide 43: Looking Ahead: Net Delivered Lower Berths

Slide 44: Disclaimer