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    TAVHL   TRETAVH00018

TAV HAVALIMANLARI HOLDING A.S.

(TAVHL)
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TAV Havalimanlari : Airports recieves “Infrastructure Finance Deal of the Year” Award

11/26/2021 | 04:50am EST

The debt restructuring of TAV Airports in Tunisia was selected as the infrastructure finance deal of the year by Bonds & Loans Turkey.

TAV Airports, Turkey's leading brand in airport operations, was deemed worthy of an award at the seventh Bonds & Loans Turkey Awards. The awards were given to their owners during the Bonds, Loans & Sukuk Turkey 2021 conference that took place at Shangri-la Bosphorus Istanbul. TAV Airports Chief Financial Officer (CFO) Burcu Geriş delivered a speech at the panel on debt restructuring and postponement in Turkey of the conference, which brought together the representatives of the finance and banking sector and the finance managers of Turkey's leading companies.

TAV Airports Chief Financial Officer (CFO) Burcu Geriş said, "We successfully concluded the debt restructuring negotiations in Tunisia in which we operate two airports, in February 2021. We performed a successful transaction, especially with the devoted efforts and support of our creditors, Tunisia Airport Authority and all stakeholders. As a result of the restructuring, TAV Tunisia's bank debt decreased from 371 million Euros to 233.6 million Euros as of the third quarter of 2020, thus TAV Tunisia has had a sustainable debt structure. Based on this transaction, we generated a one-off revenue of 109 million Euros. We are happy to have successfully completed this challenging agreement, which reveals the common benefit of all parties, and to win this award. I would like to thank all my teammates, consultants and creditors working on the project"

TAV Airports Project and Corporate Finance Coordinator Emre Mutlu stated, "The debt restructuring transaction of TAV Tunisia was an exemplary project with its financing structure. Although we faced various difficulties during the process, we successfully closed the transaction in February 2021 by maintaining healthy, constructive and problem-solving communication with the creditors and related parties. We are also delighted that this transaction was awarded as the infrastructure project of the year by Bond&Loans. I would like to thank all my teammates, creditors and consultants who contributed to the project."

Before the debt restructuring in February 2021, TAV restructured the terms of the concession agreement with the Tunisian government in November 2019. TAV Airports has the right to operate Enfidha and Monastir airports in Tunisia until 2047. The two airports served a total of 3 million passengers in 2019.

About TAV Airports

TAV Airports provides integrated services in all areas of airport operations, with a global footprint at 92 airports in 26 countries. A member of Groupe ADP, TAV Airports is the part of the leading airport management platform globally. Through its subsidiaries, TAV is active in airport service businesses, including duty-free, food and beverage, ground handling, IT, private security and commercial area management. The company is quoted on Istanbul Stock Exchange.

For further information: Esra Özer,
T +90 212 463 30 00 / 2094 and +90 531 500 99 75 Esra.Ozer@tav.aero
www.tavairports.com

Disclaimer

TAV Havalimanlari Holding AS published this content on 26 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 November 2021 09:49:06 UTC.


ę Publicnow 2021
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Financials
Sales 2021 517 M 586 M 586 M
Net income 2021 57,6 M 65,3 M 65,3 M
Net Debt 2021 1 078 M 1 222 M 1 222 M
P/E ratio 2021 16,5x
Yield 2021 -
Capitalization 878 M 994 M 996 M
EV / Sales 2021 3,79x
EV / Sales 2022 2,96x
Nbr of Employees 16 488
Free-Float 47,1%
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Last Close Price 2,43 €
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Managers and Directors
Mustafa Sani Sener President, Chief Executive Officer & Director
Burcu Geris Chief Financial Officer & Vice President
Edward Rodolphe Paul Arkwright Chairman
Kursad Kocak Chief Operating Officer & Vice President-Airports
Aylin Selen Independent Director