Q3 2022
EARNINGS PRESENTATION
November 4, 2022
Disclaimer
The information and opinions contained in this document have been compiled by Hacı Ömer Sabancı Holding A.Ş. ("Holding") from sources believed to be reliable and in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or correctness. No undue reliance may be placed for any purposes whatsoever on the information contained in this presentation or on its completeness, accuracy or fairness. This document contains forward-looking statements by using such words as "may", "will", "expect", "believe", "plan" and other similar terminology that reflect the Holding management's current views, expectations, assumptions and forecasts with respect to certain future events. As the actual performance of the companies may be affected by risks and uncertainties, all opinions, information and estimates contained in this document constitute the Holding's current judgement and are subject to change, update, amend, supplement or otherwise alter without notice. Although it is believed that the information and analysis are correct and expectations reflected in this document are reasonable, they may be affected by a variety of variables and changes in underlying assumptions that could cause actual results to differ materially. Holding does not undertake any obligation, and disclaims any duty to update or revise any forward looking statements, whether as a result of new information or future events. Neither this document nor the information contained within can construe any investment advice, invitation or an offer to buy or sell Holding and/or Its group companies' shares. Holding cannot guarantee that the securities described in this document constitute a suitable investment for all investors and nothing shall be taken as an inducement to any person to invest in or otherwise deal with any shares of Holding and its group companies. The information contained in this document is published for the assistance of recipients, but is not to be relied upon as authoritative or taken in substitution for the exercise of judgment by any recipient. You must not distribute the information in this document to, or cause it to be used by, any person or entity in a place where its distribution or use would be unlawful. Neither Holding, its board of directors, directors, managers, nor any of Its employees shall have any liability whatsoever for any direct or consequential loss arising from any use of this document or its contents.
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Q3 2022 Highlights
Resilient growth and high-quality earnings despite accelerating cost inflation
Strong balance sheet maintained ahead of upcoming investment cycle
Strategic transformation momentum continues at full speed
Consolidated ROE* tripled, reaching 59% in Q3
Net Debt/EBITDA fell below 1.0x
Operational cash flow almost doubled, exceeding FY21
Renewable Capacity expansion in Turkey
Initiating the footprint in the US Energy Market
Investments in Disruptive Climate Technologies in the US
*Excludes non-operational and non-recurringone-off items | 3 |
Continuing to deliver on our strategic initiatives
Dynamic Portfolio Management
Turkey's 1st Green Hydrogen: | Capacity Increase in CAC: |
Production and use of green | Çimsa's investment at USD45mn, |
hydrogen at Enerjisa Üretim's | for capacity increase in CAC |
Bandırma facility |
Digital Investment:
Acquisition of 100% of SEM**, a digital marketing company
Kordsa Capacity Investments:
Kordsa Turkey: USD12mn in cord & fiber Kordsa USA: USD20mn in cord
Transfer of TTKOM shares | Capacity Increase in HMLS | Network Optimization | |
in Building Materials Business | |||
owned by LYY*: | Polyester Yarn: | Climate Tech & Renewable Energy Investments | |
Sale of some cement plants & | |||
Completion of 55% of TTKOM | Kordsa's investment at USD9.8mn, | cement grinding facilities for | in the USA: |
shares transfer from LYY* to | for capacity increase | EUR110mn | Safar Partner VC investments (Strategic Partnership) |
Turkey Wealth Fund | in HMLS Polyester Yarn | & Solar Plant Investment (272 MW) |
Jan'22 | Feb'22 | Mar'22 | Apr'22 | May'22 | Jun'22 | July '22 | Aug'22 | Sep'22 | Oct'22 |
Sale of Philsa & PMSA Shares:
Sale of Sabancı Holding's entire
Acquisition of Arvento:
88.89% of Arvento by Brisa to
transform into a mobility
solutions business
Digital Investment:
Acquisition of 51% of Radiflow, an OT security company
Turkey's National
DC ChargerTender:
Eşarj to establish 495 DC
stations in 53 cities at amount of TL300mn
Renewable Energy Investment
in Turkey:
Enerjisa Üretim's 1,000 MW Wind Plant
shares in Philsa & PMSA
Solar Power Plants at Çimsa & Brisa: | Acquisition of Microtex: |
Acquisition of 60% of Microtex by | |
Solar power plant investments in | |
Kordsa Inc. to expand in | |
Çimsa's Afyon Cement Factory and | |
composites in the automotive and | |
Brisa's Aksaray Factory | |
motorsport in Europe | |
Investment covering the YEKA-2 tenders
with the collaboration of Enercon
*Akbank had 35.6% shares in LYY Telekomünikasyon A.Ş. ** Refers to SEM and its subsidiary Liberdatum together | 4 |
Faster topline growth with improvement in earnings quality…
Combined Revenue* | ||||
(TL mn) | ||||
275,363 | ||||
Non-bank | +175% | |||
Bank** | ||||
97,693
100,053
36,164 177,670
63,888
9M 2021 | 9M 2022 |
Revenue growth management &
inflation
Combined EBITDA*
(TL mn)
Non-bank** | 74,674 | +259% | |
Bank | |||
52,140
20,823
10,492
22.534
10,331
9M 2021 | 9M 2022 |
Effective cost management amid
rising inflationary pressures
Consolidated Net Income*
(TL mn)
Non-bank** | +321% | |||
Bank | ||||
23,435 |
15,582
5,563
2,999 7.853
2.563
9M 2021 | 9M 2022 |
Deleveraging &
strong cash position
*Excludes Holding dividend income ** Bank revenue = Interest income + commission | *Excludes non-operational and non-recurring one off items |
income + capital markets gains/losses + net derivative gains/losses | **Excludes IFRS16 impact in retail |
*Excludes non-operational and non-recurring one off items
**Excludes IFRS16 impact in retail
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Haci Ömer Sabanci Holding AS published this content on 04 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 November 2022 14:11:02 UTC.