Global Yatirim Holding A.s. · BIST:GLYHO
Global Yatirim Holding A.s — Global Investment Holdings — FY2020 Earnings Presentation
23 slides from Global Yatirim Holding A.s's earnings presentation, February 2021
Slide 1: Global Investment Holdings Financial Presentation FY 2020
GLOBAL INVESTMENT HOLDINGS Financial Presentation FY 2020
Slide 2: Current Portfolio (FY 2020)
Current Portfolio (FY 2020) Brokerage & Asset Ports Power/Gas/Mining Real Estate Management Revenue: 395.9mn TL Revenue: 802.6mn TL Revenue: 29.4mn TL Revenue: 101.3mn TL EBITDA: 127.1mn TL EBITDA: 219.3mn TL EBITDA: 11.9mn TL EBITDA: 31.7mn TL Net Debt: 381.2mn USD / Avg. Maturity: 6.7 yrs Net Debt
Slide 3: I – Financial Review
G GLOBAL INVESTMENT HOLDINGS |— FINANCIAL REVIEW
Slide 4: Financial Highlights
Financial Highlights (mn TL) 9M 9M Q4 Q4 Net revenues 2020 2019 2020 2019 FY 2020 FY 2019 %change 2021 Guidance Gas 326.6 325.2 125.5 103.2 452.1 428.4 6% Capital markets activity restricted Power 189.3 97.8 72.6 50.7 261.8 148.5 76% 18-28% Growth Mining 59.8 72.7 28.9 23.2 88.7 96.0 -8% 50-65% Grow
Slide 5: Major Developments
Major Developments Ports Gas Real Estate Finance Holding GPH concluded The acquisition of SOCAR The contract rental Actus Asset Management JCR Eurasia Rating has acquisition of the Turkey LNG has been agreement of the Vakıf and İstanbul Portfoy revised the ratings of GIH operator of La Gou
Slide 6: Covid-19 crisis management
Covid-19 crisis management The Group put in place several significant actions to protect the balance sheet and long term future of the businesses • The port division put in place substantial cost savings and significantly reduced cash burn • Additional cost savings measures are taken across all grou
Slide 7: Financial Highlights: Change in Revenue
Financial Highlights: Change in Revenue Revenue (mn TL) (2019 vs. 2020) -272.6 23.7 -13.1 113.3 -7.3 45.4 1,441.0 1,330.3 Real Estate FY 2019 Ports Power Gas Mining FY 2020 Brokerage, Mngmnt.& Others Asset excluding the impact of IFRIC excluding the impact of IFRIC 12 on Nassau Cruise Port 12 on Nas
Slide 8: Financial Highlights: Change in Operating EBITDA
Financial Highlights: Change in Operating EBITDA Consolidated Operating EBITDA (mn TL) (2019 vs. 2020) -310.1 -5.1 -5.6 -9.2 29.0 11.0 -23.5 563.3 77.9 327.7 Ports Power Other Gas Mining FY 2019 FY 2020 Estate Holding Brokerage Mngmnt. Real Stand Alone &Asset At the end of 2020, Global Investment
Slide 9: Financial Highlights: Operational EBITDA by Division
Financial Highlights: Operational EBITDA by Division Operational EBITDA By Divison (in mn TL) 465.2 178.3 96.2 101.1 96.0 32.7 27.1 31.7 25.4 18.3 14.5 2.7 Ports Power Mining CNG Pera & Van Brokerage & Asset Mng. FY 2019 FY 2020 9
Slide 10: Financial Highlights: Change in P&L
Financial Highlights: Change in P&L • GIH reported a consolidated net loss of 298.6mn TL in 2020, compared to a net loss of 131.0mn TL in 2019. The net loss stemmed mainly from non-cash depreciation and foreign currency translation differences incurred on Group’s long term borrowings. The bottom lin
Slide 11: II – Operational Performance by Division
II – OPERATIONAL PERFORMANCE BY DIVISION
Slide 12: Gas Division: Naturelgaz
Gas Division: Naturelgaz Naturelgaz has sustained its solid financial position despite Covid-19 impact thanks to its operational capability, efficient cost management structure and new business development efforts. Naturelgaz The company reported 173.4mn Sm3 sales volume in 2020, compared to 167
Slide 13: Port Division: Global Ports Holding Plc (GPH)
Port Division: Global Ports Holding Plc (GPH) Cruise passenger volumes fell 76% year-on-year, with just 1.3mn PAX GPH Total Revenues1 handled during the year ended 31 December 2020, the majority of which & were handled in the first fiscal quarter of 2020 prior to the onset of the Consolidated Adju
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 94.1 MW, of which 40.0 MW is from renewable sources (biomass and solar) and the remaining capacity consists of co/tri-generation plants The Group’s installed capacity in biomas
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 generates about 20 million kWh electricity per annum, meeting the electricity requirement of more than 7.5 thousand househol
Slide 16: Mining Division: Straton
Mining Division: Straton The Company realized 366,511 tons of product sales in 2020, down by 24% yoy, mainly due to the Covid-19 lockdown in export markets The Company’s main export markets continued to be Spain, Italy and Egypt. Export related sales volume reached 347,570 tons while domestic sa
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 29.4mn TL and an operating EBITDA of 11.9mn TL in the year, compared to 42.5mn TL and 21.1mn TL, respectively a year ago •
Slide 18: Asset Management & Brokerage Division
Asset Management & Brokerage Division: Istanbul Asset Management & 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 re
Slide 19: III – Appendix
G GLOBAL INVESTMENT HOLDINGS Ili - APPENDIX
Slide 20: Balance Sheet
Balance Sheet (mn TL) 31 December 2020 31 December 2019 ASSETS Current Assets 2,889.5 1,350.5 Cash and Banks 991.7 474.7 Marketable Securities 7.1 8.5 Trade Receivables 422.5 458.6 Inventories 99.8 85.4 Other Receivables and Current Assets (1) 1,368.4 322.4 Assets classified as held for sale 1,141.8
Slide 21: Income Statement
Income Statement (mn TL) FY 2020 FY 2019 Total gross revenues1 1,629.2 1,441.0 Cost of sales and services -1,423.1 -1,003.9 Gross Profit 206.0 437.1 Operating expenses -396.7 -296.3 Other operating income/(loss), net 77.9 42.5 Equity pickup asset gains/(losses) -29.8 29.8 Gross operating profit/(los
Slide 22: GLYHO Share Performance
GLYHO Share Performance A Strong Start to the Year: the 25th best performer Share Data 25th best performer ytd (BIST 100) Ticker GLYHO.TI / GLYHO.IS Close Price (TL / USD share) 5.82 / 0.76 Global Investment Holdings’ shares, GLYHO, have gained 24.4% in TL value (up 21.4% in USD terms) Current M
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 — FY2020 Earnings Presentation on 6ix