Global Yatirim Holding A.s. · BIST:GLYHO
Global Yatirim Holding A.s — Global Investment Holdings — FY2016 Earnings Presentation
22 slides from Global Yatirim Holding A.s's earnings presentation, 2017
Slide 1: Global Investment Holdings Financial Presentation YE 2016
GLOBAL INVESTMENT HOLDINGS Financial Presentation YE 2016
Slide 2: Current Portfolio (YE 2016)
Current Portfolio (YE 2016) Brokerage & Asset Ports Power/Gas/Mining Real Estate Management Revenue: 25.8mnTL Revenue: 347.0mnTL Revenue: 224.8mnTL EBITDA: 18.1mnTL Revenue: 30.5mnTL EBITDA: 192.6mnTL EBITDA: 26.9mnTL Net Debt: 40.9USD EBITDA: -10.9mnTL Net Debt: 282.5 mnUSD Avg. Maturity: 5.5 yrs N
Slide 3: I – Financial Review
G GLOBAL INVESTMENT HOLDINGS |— FINANCIAL REVIEW
Slide 4: Financial Highlights
Financial Highlights (TL mn) Net revenues 9M 2016 4Q 2016 9M 2015 4Q 2015 FY 2016 FY 2015 %change Power / Gas / Mining 170.4 54.4 163.8 54.5 224.8 218.3 3% Ports 264.7 82.4 216.7 70.2 347.0 286.9 21% Brokerage & Asset Management 23.8 6.8 24.8 8.2 30.5 33.0 -8% Real Estate 18.6 7.2 8.7 3.4 25.8 12.1
Slide 5: Ports: Major Developments
Major Developments Cagliari and Catania Cruise Ports - In September 2016, we had announced that Global Ports Holding (“Global Ports), through its wholly owned subsidiary, purchased 51% shares of Ravenna Terminal Passeggeri S.r.l. which operates Ravenna Cruise Port. - Global Ports, through its whol
Slide 6: Financial Highlights: Change in Revenue
Financial Highlights: Change in Revenue Revenue (FY 2015 vs. FY 2016) 700.00 6.4 13,8 -2,5 60.1 600.00 500.00 400.00 300.00 630.0 552.2 200.00 100.00 - FY 2015 Ports Gas/Mining/Power Real Estate Brokerage, Asset FY 2016 Mngmnt.&Others In 2016, Global Investment Holdings’ (GIH) revenues reached TL6
Slide 7: Financial Highlights: Change in EBITDA
Financial Highlights: Change in EBITDA EBITDA (FY 2015 vs. FY 2016) Operating EBITDA : TL 28,1 million 300.00 0,5 14,2 -2,0 -8,1 250.00 23.5 -52,4 200.00 150.00 100.00 217.6 193.3 50.00 - FY 2015 Ports Gas/Mining/Power Real Estate Brokerage&Asset Holding Stand Alone One-off FY 2016 Mngmnt. income/ex
Slide 8: Financial Highlights: Operational EBITDA by Division
Financial Highlights: Operational EBITDA by Division (Reported EBITDA adjusted for non-recurring items) Operational EBITDA By Divison (in million TL) 140.0 120.0 100.0 80.0 60.0 40.0 20.0 0.0 -20.0 Port Ege Ports BPI Port of Bar Bodrum Port Naturelgaz Straton Tres Energy Real Estate Global Akdeniz M
Slide 9: Financial Highlights: Change in P&L
Financial Highlights: Change in P&L GIH reported a consolidated net loss of TL130.3mn in 2016, compared to a net loss of TL48.0mn in 2015. The main reasons for the loss were non-cash depreciation charges, and increase in net interest expenses. Depreciation and amortisation charges have increased f
Slide 10: II – Operational Performance by Division
II – OPERATIONAL PERFORMANCE BY DIVISION 10
Slide 11: Global Ports Holding
Global Ports Holding GPH Total Revenues Cruise EBITDA Margin* & & Comercial EBITDA Margin* EBITDA (TL)* Total passengers increased by 10.8% in FY 2016 YoY through inorganic growth. 347.0 When VCP proforma effect in FY 2016 is included, total passengers indicate a 4.6% 73.2% decline, mainly driven
Slide 12: Power/Gas/Mining: Naturelgaz
Power/Gas/Mining: Naturelgaz Naturelgaz Revenue & Volume The Group’s Power/Gas/Mining Division revenues in 2016 amounted to TL224.8mn. Naturelgaz recorded revenues of TL171mn in 2016. Reported 180 171 sales volume in 2016 stood at 145 mn m3, compared to 133 mn m3 in 2015, indicating 8% increase.
Slide 13: Power/Gas/Mining: Straton Mining
Power/Gas/Mining: Straton Mining • Straton registered 4% volume growth, while recording 17% revenue increase. • The Company realized 405.000 tons of product sales and recorded revenues of TL36.2mn in 2016. • The Company exported 287,000 tons feldspar mainly to Spain, Italy, Egypt and Middle East whi
Slide 14: Power/Gas/Mining Division: Co-Gen and Biomass
Power/Gas/Mining Division: Co-Gen and Biomass As of 31 December 2016, the total contracted generation capacity of Tres Energy is 50 MW. Of the total contracted generated capacity, 29 MW has already initiated operations and supplies power to consumers. Tres Energy plans to complete the construction
Slide 15: Power/Gas/Mining Division: Solar Power & Tenera Energy
Power/Gas/Mining Division: Solar Power & Tenera Energy GIH’s goal is to become a market pioneer in solar power development in Turkey. To reach this goal, GIH’s subsidiary, Ra Solar, has identified several suitable project locations for solar power generation in Turkey and conducted the mandatory s
Slide 16: Real Estate Division: Overview
Real Estate Division: Overview In 2016, revenues of the Real Estate Division were comprised of rent revenues and residential sale revenues. Rental revenues were generated from the Denizli Sumerpark Shopping Mall, which started its operations in March 2011 and Van Shopping Mall, which commenced its
Slide 17: Brokerage & Asset Management Segment
Brokerage & Asset Management Segment Revenues of the Brokerage and Asset Management Division consists of securities brokerage commissions, interest revenues on margin lending transactions, portfolio management fees, proprietary trading revenues and advisory fees. The Brokerage & Asset Management
Slide 18: III – Appendix
lili - APPENDIX Q GLOBAL INVESTMENT HOLDINGS 18
Slide 19: Balance Sheet
Balance Sheet (TL Million) 31 Dec. 2016 31 Dec. 2015 ASSETS Current Assets 628.8 671.4 Cash and Banks 209.0 296.2 Marketable Securities 12.1 15.5 Trade Receivables 134.7 142.8 Inventories 82.1 59.5 Other Receivables and Current Assets (1) 190.9 157.4 Non-current Assets 3,245.7 2,767.4 Financial Asse
Slide 20: Income Statement
Income Statement (TL mn) FY 2016 FY 2015 Total gross revenues 630.0 552.2 Cost of sales and services -409.9 -378.0 Gross Profit 220.1 174.2 Operating expenses -188.2 -148.6 Other operating income/(loss), net -8.1 44.8 Equity pickup asset gains/(losses) 7.3 2.6 Gross operating profit/(loss) 31.1 72.9
Slide 21: Debt Position
Debt Position Year of Holding standalone debt (TL m) Currency Interest Rate Maturity Amount TL mn Eurobond, gross USD fixed 2017 141.1 TL bond TL floating 2017 70.2 TL bond TL floating 2019 14.8 TL bond TL floating 2017 110.0 TL bond TL floating 2017 40.0 TL bond TL floating 2018 50.0 Secured bank l
Slide 22: 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 — FY2016 Earnings Presentation on 6ix