Slide 1: Koç Holding 1H18 Earnings Presentation
Koç Holding 1H18 Earnings Presentation 14 August 2018
Slide 2: Strong Positioning via Diversified Structure
Strong Positioning via Diversified Structure Consolidated Net Income (TL mn) Dividend Income (TL mn) 1% 2,542 2,560 2,484 1,228 1,291 1 1H17 1H18 2016 2017 1H18 1 Strengthened & sustainable dividend flow supported by Sustainable performance leveraging on diversified structure ~TL 35 bn of investment
Slide 3: Prudent Risk Management Principles
Prudent Risk Management Principles Strong US$ 1.9 bn gross cash → 80% in US$, 20% in TL US$ 1.5 bn total debt Cash Position (Solo) US$ +437 mn net cash Stable 2 eurobonds totaling US$ 1.5 bn → Mar’16: US$ 750 mn, 7yrs, 5.25% coupon; Apr’13: US$ 750, 7 yrs, 3.5% coupon Funding No repayment requiremen
Slide 4: Energy
Energy Sales Volume, Domestic Market (mn tons) Aygaz (mn tons) +12% Sales Volume Ranking: #1 Energy Segment 1,046 -4% 1,003 Share in Share in Combined Consolidated 496 466 Operating Profit 2 Net Income +13% 16 24 +4% +5% 370 357 37% 24% 165 157 Diesel Jet Fuel Gasoline LPG 1H17 1H18 May'17 8.9 1.6 0
Slide 5: Automotive
Automotive Sales Units, Domestic Market (‘000) Export Units, Turkey (‘000) Koç Koç Share 15% 14% 53% 53% 21% 22% 24% 22% Share 43% 44% Automotive Segment -11% -4% 714 Share in Share in -10% 688 Combined Consolidated Operating Profit 1 Net Income -19% +6% 24% 31% Passenger Light Heavy TOTAL Cars Comm
Slide 6: Consumer Durables
Consumer Durables Sales Units, Market (mn) Export Units, Turkey (mn) Market +0.7 bps +0.9 bps +0.6 pp Share Gain Consumer Durables Segment -2% +7% Share in Share in 10.0 Combined Consolidated 9.4 -13% Operating Profit 1 Net Income +8% +6% 9% 5% Western Eastern Turkey S. Africa Europe Europe 1H17 4.4
Slide 7: Finance
Finance YKB Profitability YKB Operational Performance Net Income (TL mn) ROATE Cost/Income CoR Finance Segment Revenues +24% Costs +8% 31% (vs. 15% CPI) 165 bps 16.4% Share in Share in 2,471 41% Combined Consolidated 1,893 14.7% 35% Operating Profit Net Income 1.06% 1.15% 31% 35% 1H17 1H18 1H17 1H18
Slide 8: Group’s Overall Financial Performance
Group’s Overall Financial Performance Consumer TL mn, 1H18 Energy Automotive Finance Other Total Durables Combined Revenues 1 61,647 30,979 13,735 17,865 5,883 130,109 y/y 38% 19% 26% 27% 16% 29% Combined Operating Profit2 3,704 2,375 873 3,167 -21 10,098 y/y 13% 36% 17% 41% -157% 25% Combined Profi
Slide 9: Consolidated Net Income
Consolidated Net Income 1 1 Consolidated Net Income (TL mn) Normalized Normalized +21% -3% y/y -40% +40% -34% +36% +51% +1% 37 2,560 2,542 239 227 - 69 - 417 1H17 Energy Auto Cons. Durables Finance Other 1H18 1H17 1H18 Other Other 3% 4% Energy Finance 24% 26% Finance Energy 35% 41% Cons. Durables Au
Slide 10: Wrap-Up
Wrap-Up Risk management principles and balance sheet strength ensuring resilience against volatility Sustainable performance and solid net cash position www.koc.com.tr 10
Slide 11: Disclaimer
Disclaimer This presentation does contain forward-looking statements that reflect the Company management’s current views with respect to certain future events based on the base-case assumptions. Although it is believed that the expectations reflected in these statements are reasonable, they may be a
Slide 12: ANNEX
ANNEX www.koc.com.tr | 12
Slide 13: Consolidated Main Financial Indicators
Consolidated Main Financial Indicators 1H18 TL mn 1H17 1H18 Y/Y € mn $ mn Revenues 45,473 57,860 27% 11,712 14,165 Gross Profit 7,849 8,755 12% 1,772 2,143 Operating Profit 5,316 4,994 -6% 1,011 1,223 Profit Before Tax 4,413 3,753 -15% 760 919 Taxes (net) -145 -84 -42% -17 -21 Net Income Before Non-
Slide 14: Combined Net Income – Consolidated Net Income
Combined Net Income – Consolidated Net Income Combined Net Income (TL mn) 1 y/y -34% +32% -29% +36% +42% +2% Normalized 0% 1 Normalized 6,487 6,634 +22% 2,610 2,510 1,727 1,880 1,846 1,424 490 349 118 168 Energy Auto Cons. Durables Finance Other Total Consolidated Net Income (TL mn) 1 y/y -40% +40%
Slide 15: Unlisted Companies
Unlisted Companies 1H18 Koç Hol di ng Revenues Opera ting Profi t1 EBITDA Book Va l ue (SHE) TL mn Di rect Sha re 2017 2018 2017 2018 2017 2018 2017 2018 Arçel i k LG Kl i ma 5.00% 415 670 15 50 19 57 263 296 Bi l kom 69.94% 790 1,271 29 37 29 38 72 86 Düzey 31.15% 796 869 5 -5 6 -3 64 18 Entek 49.6
Slide 16: Shareholding Structures
Shareholding Structures Koç Holding Koç Family: 64.3%1 Free Float: 26.5% Vehbi Koç Foundation: 7.3% Koç Pension Fund: 2% Consumer Energy Automotive Finance Other Durables Tüpraş Ford Otosan Arçelik Tat Gıda SPV: 51% KH: 38% Koç Financial Services KH: 41% KH: 44% Free float: 49% Ford: 41% KH: 42% Oth
Slide 17: For Further Questions, Please Contact
For Further Questions, Please Contact : investorrelations@koc.com.tr www.koc.com.tr IR Application Gülsevin Tuncay, Coordinator Investor Relations gulsevint@koc.com.tr +90 216 531 0428 Gizem Poyraz, Manager Investor Relations gizemb@koc.com.tr +90 216 531 0533 Neslihan Aycıl, Manager Investor Relati