Doğan Holding

3Q22 Earnings Presentation

November 09, 2022

3Q22 Highlights

Strong Net Income Growth

  • Improving performance in electricity generation and automotive segments
  • Positive contribution of Milpa land sale

High Net Cash Position and Solid Balance Sheet

  • USD447 million solo net cash
  • Minimal FX risk at group companies

Continuing Strategic Actions

  • Milpa land sale (USD100 million)
  • Çelik Halat sale agreement (%70 stake, EUR27 million)
  • Focus on integration of Karel and potential synergies.
  • Advance dividend payment of TL291mn announced.

1 Doğan Holding 3Q22 Earnings Presentation

3Q22 Highlights

Revenue

EBITDA

Net Income

(TL mn)

13,074

180%

4,665

165%

370

982

1,746% 1,639

3Q213Q22

  • Positive contribution from high oil and electricity prices
  • Inorganic growth of Karel acquisition
  • Continuation of growth in automotive segment

89

3Q21

3Q22

3Q21

3Q22

• Improving

margins

of

electricity

generation

• Higher EBITDA from all segments, except

business

petroleum products retailing

• Negative

impact

of

inventory

loss in

• Positive contribution from Milpa land sale

petroleum retailing

  • Strong EBITDA of Karel and Sesa Ambalaj
  • Higher margins in automotive segment

2 Doğan Holding 3Q22 Earnings Presentation

3Q22 Revenue Overview

Revenue Bridge (TL mn)

Highlights

Revenue

71%

2%

13%

8%

3%

2%

1%

Petroleum Products Retailing

Share

• Rising oil prices

• Positive impact of TL depreciation

Electricity Generation

• High CUR

• High electricity prices

Industry-Trade

• Robust demand in flexible packaging

• Inorganic growth arising from Karel acquisition

• Contribution of export revenues

Automotive

• Revenue generation in different verticals

• Price increases and positive impact of FX revenues

3 Doğan Holding 3Q22 Earnings Presentation

3Q22 EBITDA Overview

EBITDA Bridge (TL mn)

Highlights

EBITDA

2%

27%

38%

14%

7%

8%

6%

Petroleum Products Retailing

Share

• Lower EBITDA contribution due to inventory losses

Electricity Generation

• Higher margins on strong revenue generation

Industry-Trade

• Inorganic growth impact of Karel acquisition

• Higher EBITDA generation price increases and currency movements

Automotive

• Strong demand and vertical integration strategy

• Positive impact of FX-linked pricing

4 Doğan Holding 3Q22 Earnings Presentation

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Disclaimer

Dogan Sirketler Grubu Holding AS published this content on 09 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2022 08:40:03 UTC.