Global Yatirim Holding A.s. · BIST:GLYHO
Global Yatirim Holding A.s — Global Investment Holdings — Q1 2022 Earnings Presentation
23 slides from Global Yatirim Holding A.s's earnings presentation, 2022
Slide 1: Global Investment Holdings Financial Presentation Q1 2022
GLOBAL INVESTMENT HOLDINGS Financial Presentation Q1 2022
Slide 2: Current Portfolio (Q1 2022)
Current Portfolio (Q1 2022) Brokerage & Asset Ports** Power/Gas/Mining Real Estate Management Revenue: 170.5mn TL Revenue: 652.7mn TL Revenue: 14.6mn TL Revenue: 63.1mn TL EBITDA: 51.2mn TL EBITDA: 124.2mn TL EBITDA: 6.4mn TL EBITDA: 18.1mn TL Net Debt: 449.1mn USD / Avg. Maturity: 10.0 yrs Net Debt
Slide 3: I – Financial Review
G GLOBAL INVESTMENT HOLDINGS |— FINANCIAL REVIEW
Slide 4: Financial Highlights
Financial Highlights 2022 Net revenues (mn TL) Q1 2022 Q1 2021 % Change Guidance Gas 458,0 124,7 267% 70-140% Growth Power 126,1 76,5 65% 50-100% Growth Mining 68,6 29,0 136% 80-100% Growth Ports1 170,5 28,9 489% 400-500% Growth Brokerage&Asset Management (*) 63,1 42,1 50% 15-30% Growth Real Estate
Slide 5: Financial Highlights: Change in Revenue
Financial Highlights: Change in Revenue Revenue1 (mn TL, Q1 2022 vs. Q1 2021) 1.000,0 9,3 21,4 900,0 39,6 800,0 700,0 333,4 600,0 500,0 49,5 901,8 400,0 141,6 300,0 200,0 307,0 100,0 0,0 Global Investment Holdings reported 901.8mn TL revenues (excluding IFRIC-12 Construction Revenue) in Q1 2022, i
Slide 6: Financial Highlights: Change in Operating EBITDA
Financial Highlights: Change in Operating EBITDA Consolidated Operating EBITDA (mn TL, Q1 2022 vs. Q1 2021) 200,0 6,0 -3,2 11,3 -5,0 -3,8 180,0 160,0 140,0 41,8 120,0 12,0 100,0 80,0 176,4 71,3 60,0 40,0 20,0 46,0 - Global Investment Holdings’ consolidated operating EBITDA soared by 283% in Q1 202
Slide 7: Financial Highlights: Change in P&L
Financial Highlights: Change in P&L • GIH reported a consolidated net profit of 76.8m TL in Q1 2022, compared to a net loss of TL 184.7m in Q1 2021. The bottom line incorporated TL 166.4m of non-cash charges of which TL 172.4m were depreciation and amortization, and TL 6.0m in net foreign exchange g
Slide 8: Debt Position - As of 31.03.2022
Debt Position - As of 31.03.2022 Interest Year of Amount Holding standalone debt (TL m) Currency Rate Maturity TL mn US$ mn Eurobond, net USD fixed 2022 49,6 3,4 Secured bank loans TL fixed 2022 125,0 8,5 Secured bank loans TL fixed 2023 1,7 0,1 Secured bank loans EUR fixed 2022 414,2 28,3 Secured b
Slide 9: Net Debt Bridge
Net Debt Bridge 31.03.2022 vs 31.12.2021 (mn $) 560,0 -1,5 -8,1 550,0 -2,0 -0,6 0,4 540,0 530,0 556,6 544,8 520,0 510,0 500,0 9
Slide 10: II – Operational Review
G GLOBAL INVESTMENT HOLDINGS ll -— OPERATIONAL REVIEW
Slide 11: Major Developments
Major Developments Ports Power Holding Tarragona Port Authority awarded Global The IPO process of a fully owned subsidiary, Consus The authorized capital ceiling permit given by Ports Holding a 12-year concession, with a Enerji has been completed the Capital Markets Board was valid for five 6-ye
Slide 12: III – Financial & Operational Performance by Division
III – FINANCIAL & OPERATIONAL PERFORMANCE BY DIVISION
Slide 13: Gas Division: Naturelgaz
Gas Division: Naturelgaz Naturelgaz Naturelgaz maintained its solid financial position in Q1 2022 thanks to its Revenue, EBITDA and Volume operational capability and increased operations in Citygas business line Sales volume reached 67.9mn Sm3 in Q1 2022, representing an increase of 41% yoy Ci
Slide 14: Ports Division: Global Ports Holding Plc (GPH)
Ports Division: Global Ports Holding Plc (GPH) Major cruise lines have returned to service with 95% of fleet capacity; while GPH Passengers and Calls expecting 100% fleet deployment by Summer 2022, in time for the peak summer season in the Mediterranean Number of Calls Number of Passengers (000)
Slide 15: Power Division: Distributed Energy, Biomass and Solar
Power Division: Distributed Energy, 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 power plants) The Group’s installed capacity in biomass and solar is 29.2MW and 10.8MWp, respectively. A
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 124,187 tons of product sales volume in the first quarter of 2022, up by 25% 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 1
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 registered 9.3m TL increase in revenues and 6.0m TL increase in EBITDA in Q1 2022 yoy, with revenues and EBITDA standing at 14.6m TL and 6.4m T
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 (TL Million) 31 Mar 2022 31 Dec 2021 ASSETS Current Assets 3.881,1 3.640,2 Cash and Banks 2.002,3 1.535,9 Marketable Securities 186,1 176,3 Trade and Other Receivables 807,7 801,9 Inventories 150,9 140,2 Other Current Assets (1) 734,1 985,9 Non-current Assets 13.078,1 11.437,1 Financia
Slide 22: Income Statement
Income Statement (TL Million) Q1 2022 Q1 2021 Total gross revenues 1.060,92 380,58 Cost of sales and services -854,68 -324,62 Gross Profit 206,24 55,96 Operating expenses -216,00 -96,57 Other operating income/(loss), net 117,15 5,65 Equity pickup asset gains/(losses) 1,66 -4,92 Gross operating profi
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 2022 Earnings Presentation on 6ix