Global Yatirim Holding A.s. · BIST:GLYHO
Global Yatirim Holding A.s — Global Investment Holdings — H1 2021 Earnings Presentation
24 slides from Global Yatirim Holding A.s's earnings presentation, 2021
Slide 1: Global Investment Holdings Financial Presentation H1 2021
GLOBAL INVESTMENT HOLDINGS Financial Presentation H1 2021
Slide 2: Current Portfolio (H1 2021)
Current Portfolio (H1 2021) Brokerage & Asset Ports Power/Gas/Mining Real Estate Management Revenue: 68.6mn TL Revenue:470.4mn TL Revenue: 11.8mn TL Revenue: 73.8mn TL EBITDA: -22.2mn TL EBITDA: 128.8mn TL EBITDA: 2.4mn TL EBITDA: 31.6mn TL Net Debt: 341.8mn USD / Avg. Maturity: 8.9 yrs Net Debt: 55
Slide 3: I – Financial Review
G GLOBAL INVESTMENT HOLDINGS |— FINANCIAL REVIEW
Slide 4: Financial Highlights
Financial Highlights (mn TL) Net revenues H1 2021 H1 2020 %change H1 20202 %change 2021 Guidance Gas 231.9 183.7 26% 183.7 26% 25-30% Growth Power 165.9 120.8 37% 120.8 37% 18-28% Growth Mining 72.5 34.5 110% 34.5 110% 50-65% Growth Ports1 68.6 203.4 -66% 98.3 -30% 25-90% Growth Brokerage & Asset Ma
Slide 5: Financial Highlights: Change in Revenue
Financial Highlights: Change in Revenue Revenue (mn TL) (H1 2020 vs. H1 2021) -0.9 34.9 38.0 48.3 -29.7 45.1 625.9 490.2 Ports H1 2021 H1 2020 Power Gas Estate Mining Brokerage, Mngmnt.& Real Others Asset excluding IFRIC-12 excluding IFRIC-12 Construction Revenue of Construction Revenue of 176.3mn T
Slide 6: Financial Highlights: Change in Operating EBITDA
Financial Highlights: Change in Operating EBITDA Consolidated Operating EBITDA (mn TL) (H1 2020 vs. H1 2021) -0.5 20.0 -2.1 1.0 -32.6 27.3 0.6 20.8 72.9 107.4 Other H1 2020 H1 2021 Ports Power Gas Estate Mining Holding Brokerage Mngmnt. Real Stand Alone &Asset excluding Port excluding Port Akdeniz’s
Slide 7: Financial Highlights: Operational EBITDA by Division
Financial Highlights: Operational EBITDA by Division Operational EBITDA By Divison (in mn TL) 64.7 excluding Port Akdeniz’s 74.6mn TL EBITDA 37.5 36.3 35.7 31.4 31.6 27.8 11.6 7.0 6.3 4.8 0.9 Mining Power Ports Gas Pera & Van Brokerage & Asset Mng. H1 2020 H1 2021 7
Slide 8: Financial Highlights: Change in P&L
Financial Highlights: Change in P&L • GIH reported a consolidated net loss of 417.7mn TL in the first half of 2021, compared to a net loss of 237.4mn TL in the same period last year. The net loss stemmed mainly from non-cash depreciation and foreign currency translation differences incurred on Group
Slide 9: Financial Highlights: Cash Flow
Financial Highlights: Cash Flow Cash Flow (TL) H1 2021 H1 2020 Net cash from operating activities 36,522,128 151,431,262 of which change in working capital -68,568,218 596,403 Net cash used in investment activities 585,612,973 -344,747,982 of which capex -337,535,797 -364,946,362 Net cash from / (us
Slide 10: II – Operational Review
G GLOBAL INVESTMENT HOLDINGS ll -— OPERATIONAL REVIEW
Slide 11: Major Developments
Major Developments Ports Gas Power Finance Holding GPH completed the sale Naturelgaz signed an Consus Enerji, fully- Capital Markets Board GIH increases its of Port Akdeniz for an agreement with Petrol owned subsidiary of approves GIH’s issued share capital in EV of 1,033,158,000 TL Ofisi
Slide 12: III – Financial & Operational Performance by Division
III – FINANCIAL & OPERATIONAL PERFORMANCE BY DIVISION
Slide 13: Gas Division: Naturelgaz
Gas Division: Naturelgaz Naturelgaz improved its solid financial position despite Covid-19 impact thanks to its Naturelgaz operational capability, efficient cost management structure and new business development efforts Revenue, EBITDA and Volume Sales volume reached 88.8mn Sm3 in the first half
Slide 14: Ports Division: Global Ports Holding Plc (GPH)
Ports Division: Global Ports Holding Plc (GPH) GPH Total Revenues1 Cruise passenger volumes for the period fell by -99% due to the cruise & industry shut-down during the start of Q2-2020; only 10k cruise passengers Consolidated Adjusted EBITDA (mn TL) in H1 2021 o The first time contribution of th
Slide 15: 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 16: 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 completed its first year of operations in 2020, standing out as one of the most efficient plants in the country, with its ge
Slide 17: Mining Division: Straton
Mining Division: Straton The Company realized 236,785 tons of product sales in the first half of 2021, up by 45% yoy, mainly due to strong feldspar demand from export markets., The Company’s main export markets continued to be Spain, Italy and Egypt. Export related sales volume reached 209,253 t
Slide 18: 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 11.8mn TL and an operating EBITDA of 2.4mn TL in the half year, compared to 12.8mn TL and 2.9mn TL, respectively in H1 202
Slide 19: 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 20: IV – Appendix
G GLOBAL INVESTMENT HOLDINGS IV — APPENDIX
Slide 21: Balance Sheet
Balance Sheet (mn TL) 30 June 2021 31 December 2020 ASSETS Current Assets 2,677.1 2,889.5 Cash and Banks 1,357.6 991.7 Marketable Securities 11.4 7.1 Trade Receivables 512.9 422.5 Inventories 95.2 99.8 Other Receivables and Current Assets (1) 700.0 226.6 Assets classified as held for sale 0.9 1,141.
Slide 22: Income Statement
Income Statement (mn TL) H1 2021 H1 2020 Total gross revenues1 802.2 739.9 Cost of sales and services -671.3 -671.9 Gross Profit 130.9 68.0 Operating expenses -197.3 -156.0 Other operating income/(loss), net -126.3 -10.1 Equity pickup asset gains/(losses) -5.4 -8.6 Gross operating profit/(loss) -198
Slide 23: Debt Position - As of 30.06.2021
Debt Position - As of 30.06.2021 Interest Year of Holding standalone debt Currency Rate Maturity Amount mn TL mn USD Eurobond, net USD fixed 2022 29.5 3.4 TL bond TL floating 2021 177.0 20.3 Secured bank loans TL fixed 2021 87.0 10.0 Secured bank loans TL fixed 2023 1.0 0.1 Secured bank loans EUR fi
Slide 24: 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 — H1 2021 Earnings Presentation on 6ix