Global Yatirim Holding A.s. · BIST:GLYHO
Global Yatirim Holding A.s — Global Investment Holdings — 9M 2022 Earnings Presentation
24 slides from Global Yatirim Holding A.s's earnings presentation, 2022
Slide 1: Financial Presentation 9M 2022
GLOBAL INVESTMENT HOLDINGS Financial Presentation 9M 2022
Slide 2: Corporate Portfolio (9M 2022)
Corporate Portfolio (9M 2022) Brokerage&Asset Ports Power Gas Mining Real Esate Management 63.5% 72.4% 70.0% 97.7% 66.6% 100% The world's largest Co/Tri generation: Turkey’s & Europe’s One of Turkey’s AUM:32.2 bn TL Van's first independent cruise 54.1 MW installed leading non-piped leadi
Slide 3: I – Financial Review
G GLOBAL INVESTMENT HOLDINGS |— FINANCIAL REVIEW
Slide 4: Financial Highlights
Financial Highlights 9M % 2022 Net revenues (mn TL) Q2 2022 Q3 2022 Q3 2021 9M 2022 9M 2021 Change 2021 Guidance Gas 777,0 1.169,0 171,6 2.404,0 403,6 496% 692,0 300-400% Growth Power 137,0 184,1 82,0 447,2 247,9 80% 368,6 50-100% Growth Mining 87,6 111,9 48,2 268,2 120,8 122% 182,6 80-100% Growth P
Slide 5: Change in Revenue & EBITDA (9M 2022 vs. 9M 2021)
Financial Highlights: Change in Revenue&EBITDA (9M 2022 vs. 9M 2021) Revenue (mn TL)1 29,2 132,2 147,4 2.000,4 199,3 4.628,7 1.068,2 1.052,0 EBITDA (mn TL) 48,7 15,8 25,6 -19,4 4,0 538,1 69,7 1.630,3 758,1 189,7 1 Revenues exclude the impact of IFRIC 12 on Nassau Cruise Port amounting to 1bn TL for
Slide 6: Financial Highlights: Change in P&L
Financial Highlights: Change in P&L • GIH reported a consolidated net profit of 262.2mn TL in 9A 2022, compared to a net loss of TL 398.7mn in 9A 2021. The bottom line incorporated TL 739.3mn of non-cash charges of which TL 529.4mn were depreciation and amortization, and TL 209.9mn in net foreign ex
Slide 7: Net Debt Bridge
Net Debt Bridge 30.09.2022 vs 31.12.2021 ($ mn) -0,6 -1,9 -3,9 -15,1 14,4 556,6 549,5 7
Slide 8: Net Debt/EBITDA
Net Debt/EBITDA o Consolidated Net Debt/EBITDA multiplier declined to 4.3x at 30.09.2022 from 11.6x at the end of 2021. o Excluding the Nassau Net Debt, Net Debt/EBITDA multiplier was 3.2x in September 2022. o Excluding GPH, Net Debt/EBITDA multiplier was 1.0x at 30.09.2022, as opposed to 2.2x at th
Slide 9: GIH Technology Investments & Funds (30.09.2022)
GIH Technology Investments & Funds (30.09.2022) İstanbul Asset Management VCMF Global Investment Holdings Technology Investments Investment Fair Investment Name Cost Value Fair Value Name Cost (TL mn) (TL mn) ($ mn) ($ mn) TechOne GSYF 145 222 Twozero Ventures GSYF 1 129 202 Maximus 0,05 0,05 İkinci
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 Ports Holding a The IPO process of a fully owned subsidiary, Consus The authorized capital ceiling was valid for five years, 12-year concession, with a 6-year extension option, to Enerji has been completed expiring
Slide 12: III – Financial & Operational Performance by Division
III – FINANCIAL & OPERATIONAL PERFORMANCE BY DIVISION
Slide 13: Gas Division: Naturelgaz
Gas Division: Naturelgaz Revenue (mn TL) Naturelgaz recorded significant growth in 9M 2022 Volume (tons) Sales volume reached 163.2mn Sm3 in 9M 2022, representing an increase of 17% yoy Citygas sales, whose share in the total sales volume increased gradually in 2021 and 6A 2022, continued its
Slide 14: Ports Division: Global Ports Holding Plc (GPH)
Ports Division: Global Ports Holding Plc (GPH) Average Occupancy rates improved to above 90% during Q3 2022 (consolidated port, volume-weighted). Major cruise lines expect occupancy rates to improve and reach triple digits (pre-pandemic levels) in 2023. In the Caribbeans, occupancy rates already e
Slide 15: Power Division: Distributed Energy, Biomass and Solar
Power Division: Distributed Energy, Biomass and Solar Revenue (mn TL) EBITDA (mn TL) 447,2 165 247,9 95,4 9M 2021 9M 2022 9M 2021 9M 2022 Power generation portfolio of the Group has a combined capacity of 94.1 MW, 40.0 MW of which is derived from renewable sources (biomass and solar power plants)
Slide 16: Mining Division: Straton
Mining Division: Straton Revenue (mn TL) EBITDA (mn TL) Volume (tons) 268,2 423.853 384.323 120,8 91,8 43,2 9M 2021 9M 2022 9M 2021 9M 2022 9M 2021 9M 2022 The Company realized 423,853 tons of product sales volume in the first 9 months of 2022, up by 10% yoy, thanks mainly to strong feldspar deman
Slide 17: 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 29mn TL increase in revenues and 16mn TL increase in EBITDA in 9M 2022 yoy, with revenues and EBITDA standing at 51mn TL and 25mn TL
Slide 18: 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 19: GIH Share Performance
GIH Share Performance GLYHO GLYHO BIST 100 Indeks BIST 100 Indeks Relative (Absolute-TL) (Absolute-USD) (Absolute-TL) (Absolute-USD) Performance (TL) 1-week 20,3% 20,3% 4,3% 4,2% 16,0% 1-month 65,0% 64,6% 18,7% 18,3% 46,3% 3-month 123,6% 115,7% 49,2% 43,9% 74,4% YTD 266,9% 164,8% 113,0% 53,7% 153,9%
Slide 20: IV – Appendix
G GLOBAL INVESTMENT HOLDINGS IV — APPENDIX
Slide 21: Balance Sheet
Balance Sheet (TL Million) 30 Sep 2022 31 Dec 2021 ASSETS Current Assets 4.782,7 3.640,2 Cash and Banks 1.918,0 1.535,9 Marketable Securities 315,0 176,3 Trade and Other Receivables 1.552,2 801,9 Inventories 167,2 140,2 Other Current Assets 830,4 985,9 Non-current Assets 16.164,4 11.437,1 Financial
Slide 22: Income Statement
Income Statement (TL Million) 9M 2022 9M 2021 Total gross revenues 5.670,14 1.506,79 Cost of sales and services -3.919,72 -1.270,72 Gross Profit 1.750,42 236,07 Operating expenses -684,60 -299,29 Other operating income/(loss), net 118,18 -99,25 Equity pickup asset gains/(losses) 21,66 -64,53 Gross o
Slide 23: Global Ports Holding Plc (GPH)
Global Ports Holding Plc (GPH) World’s largest independent cruise port operator with diversified and strategically located cruise port network A Bodrum Cruise Port B C Ege Port Kusadasi O H Malaga Cruise Port Cruise, ferry and mega-yacht port 3 cruise terminals of Port of Málaga Busiest cruise
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
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