Global Yatirim Holding A.s. · BIST:GLYHO
Global Yatirim Holding A.s — Global Yatırım Holding — Q1 2026 Earnings Presentation
24 slides from Global Yatirim Holding A.s's earnings presentation, May 2026
Slide 1: Q1 2026 – Financial Presentation
1 Q1 2026 – Financial Presentation EARNINGS PRESENTATION Q1 2026
Slide 2: Diversified Portfolio, Leading Companies
Diversified Portfolio, World’s largest cruise port operator Leading Companies Ownership Q1 2026 – Financial Presentation PORTS 4 continents, 90,5% 20 countries, 35 ports Turkey’s leading non-piped Ownership natural gas distributor GAS • 14 industrial CNG plants 60,0% • 2 Auto CNG stations Total capa
Slide 3: Global Presence, Strong Operational Diversification
Global Presence, Strong Operational Diversification Balanced growth and sustainable cash flow through 4 Continents, Employees From 20+ Countries 20+ Nationalities Q1 2026 – Financial Presentation geographic diversification AMERICA EUROPE & AFRICA ASIA 60+ Operating Locations 3
Slide 4: Financial Review
4 Q1 2026 – Financial Presentation REVIEW FINANCIAL
Slide 5: Profitability Strengthens with Scale
Profitability Strengthens with Scale Revenue EBITDA EBITDA margin Strong Revenue and Profit Growth Above Inflation Growth Growth expansion Q1 2026 – Financial Presentation 42% 60% 490bps Q1 2025-Q1 2026 Q1 2025-Q1 2026 Q1 2025-Q1 2026 Without IAS29: Total Consolidated Revenue Total Consolidated EBIT
Slide 6: Strong and profitable growth continued in USD terms
65–70% of the Strong and profitable growth continued in USD terms as well Underlying operational consolidated performance +21% growth in consolidated revenues, +36% in EBITDA, +37% balance sheet is Q1 2026 – Financial Presentation excluding FX impact denominated in in net income USD Consolidated Rev
Slide 7: Above-Inflation Growth in Core Business Lines
Above-Inflation Growth in Core Consolidated Revenue Growth: 42% Consolidated EBITDA EBITDA Margin Growth: 60% Expansion: 490 bps Business Lines Q1 2025 – Q1 2026 Q1 2025 – Q1 2026 Q1 2025 – Q1 2026 Q1 2026 – Financial Presentation (without IAS29) (without IAS29) without IAS29 as per IAS29 Q1 2025 Ne
Slide 8: Broad-Based Growth
Broad-Based Growth Strong increase in revenue and EBITDA driven by contributions from core business lines Q1 2026 – Financial Presentation Revenue (mn TRY as per IAS29)1 691 184 - 10,1 -0,3 -146,8 -145,8 7.415 6.842 Q1 2025 Ports Power Gas Mining Real Estate Brokerage, Asset Q1 2026 Mngmnt.&Others 1
Slide 9: Operational Profitability Strongly Translates into Net Income
Operational Profitability Strongly Translates into Net Income Net Income 23% increase in net income despite depreciation impact Growth; Q1 2026 – Financial Presentation 23% Q1 2025 – Q1 2026 Net Income (mn TRY) 59,0 - 935,9 73.9 3.158,1 - 709,6 - 935,9 709,6 Q1 2026 Depreciation Fx gain/ (loss), Int
Slide 10: Sustainable Growth with Long-Term, Low-Cost Financing
Sustainable Growth with Long-Term, Low-Cost Financing Our 15+ year long-term financing structure and strong access to funding support our financial flexibility Q1 2026 – Financial Presentation Total Consolidated Gross Debt Global Investment Holdings Consolidated Gross Debt 1,5bn USD St. Lucia Financ
Slide 11: Healthy Leverage Supported by Long-Term Debt Structure
Healthy Leverage Supported by Long-Term Debt Structure We maintain a sustainable leverage level through access to long-term 2.4x Q1 2026 – Financial Presentation financing and strong operational performance Excluding consolidated 15+ debt with maturities of 15 Net Debt/EBITDA (as per IAS29) years an
Slide 12: Financial & Operational Performance by Division
Q1 2026 – Financial Presentation FINANCIAL & OPERATIONAL PERFORMANCE BY DIVISION 12
Slide 13: Strong Traffic and High Occupancy Continue in Port Operations
Strong Traffic and High Occupancy Continue in Port Operations In Q1, the number of ships calling at our consolidated ports increased by 12%, Q1 2026 – Financial Presentation while passenger traffic rose by 18%, with occupancy rates remaining at high levels Total Consolidated Call** Strong Start to 2
Slide 14: Strong Growth and Increasing Profitability in USD Terms
Strong Growth and Increasing Profitability in USD Terms Strong USD-based growth in revenue and EBITDA Q1 2026 – Financial Presentation Revenue (mn USD) 1 EBITDA (mn USD) Revenue (USD) EBITDA (USD) EBITDA Margin +18% +22% +190bps 61% 2024-2025 2024-2025 2024-2025 60% 18% 72,2 44,4 22% Revenue Per Pax
Slide 15: Strong Profitability and Effective Cost Management in the Gas Segment
Strong Profitability and Effective Cost Management in the Gas Segment Alongside continued operational efficiency, Naturelgaz took its first step Q1 2026 – Financial Presentation toward international growth through its initial overseas investment City Gas Sales Volume Revenue EBITDA Volume (mn sm3) 1
Slide 16: Power Generation Segment Temporarily Affected by Seasonal Factors
Power Generation Segment was Temporarily Affected by Seasonal Factors in Q1, While Strategic Investments Continued to Drive Long-Term Growth Q1 2026 – Financial Presentation Scaling up capacity with the Bahamas project while focusing on USD-based and long-term revenues Total Generation (GW) 141 136
Slide 17: Export- and Volume-Led Growth in the Mining Segment
Export- and Volume-Led Growth in the Mining Segment, While Profitability Is Impacted by Inflation and FX Dynamics Q1 2026 – Financial Presentation While export and volume growth remained strong, inflation-driven cost increases affected operational profitability Volume (tons) Sales Volume Export Dome
Slide 18: Stable EBITDA Contribution
Stable EBITDA Contribution Our real estate segment enhances portfolio diversification while Q1 2026 – Financial Presentation providing sustainable cash flow and consistent EBITDA contribution Revenue EBITDA (mn TRY) (mn TRY) Karaköy Office Building 20% Van Shopping Mall 87,2 86,9 EBITDA Operated und
Slide 19: Established Heritage, Strong Financial Services Platform
Established Heritage, Strong Financial Services Platform + YEARS With over 35 years of market experience, we continue to Q1 2026 – Financial Presentation deliver strong financial solutions Revenue EBITDA 429,9 mn TRY 70,7 mn TRY (Q1 2025: 574,2 mn TRY) (Q1 2025: 139,1 mn TRY) Total Assets Under Glob
Slide 20: GLYHO - Outperformance vs. Indices
GLYHO - Outperformance vs. Indices Supported by strong operational performance and strategic actions, GLYHO Q1 2026 – Financial Presentation outperformed the indices in annual investor returns Creating value for our investors through strategic initiatives GLYHO BIST HOLD GLYHO +111% YoY BIST 100 BİS
Slide 21: Appendix
21 Q1 2026 – Financial Presentation APPENDIX
Slide 22: Consolidated Balance Sheet
Consolidated Balance Sheet (Mn TRY) Q1 2026 – Financial Presentation Total Assets Total Shareholders’ Equity 107.7bn TRY 23.7bn TRY (31.03.2026) (31.03.2026) Balance Sheet LIABILITIES (TL Million) 31 Mar 2026 31 Dec 2025 Short term liabilities 18.214,3 18.366,9 ASSETS Financial debt 12.188,2 11.990,
Slide 23: Income Statement
Income Statement (Mn TRY) Q1 2026 – Financial Presentation (TL Million) Q1 2026 Q1 2025 Total gross revenues 7.812,6 7.896,0 Cost of sales and services -4.236,8 -4.855,2 Gross profit 3.575,9 3.040,7 Operating expenses -1.475,0 -1.454,9 Other operating income/(loss), net 92,2 304,0 Equity pickup asse
Slide 24: Disclaimer
Disclaimer The information contained in this presentation has not been independently verified. No representation or Q1 2026 – Financial Presentation warranty, express or implied, is made as to the fairness, accuracy, completeness, or correctness of the information or opinions contained herein. This
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