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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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.