Investor Presentation 1H 2015

Transcription

1 Investor Presentation 1H 2015

2 Anel Elektrik 2

3 Glance of Anel Elektrik 29 years of experience 10 Int l airports experience with more than 2,5mn sqm Employees, 71% Blue Collar- 29% White Collar 100% Domestic Capital IPO in 2010, ANELE in Borsa İstanbul Ranked 277th largest Company in Fortune 500 Turkey list in

4 Anel Elektrik s Key Milestone 2015 Mavi Bahçe Shopping Center DP World Yarımca Container Terminale 4

5 Major Completed Projects AIRPORTS Completion Date Project Size (sqm) Abu Dhabi Midfield Terminal Building Ongoing İstanbul Atatürk International Airport (with extentions) 1999/2004/2005/ Hamad International Airport / Qatar Cairo Airport Terminal Building 3 / Egypt Ankara Esenboga International Airport Izmir Adnan Menderes International Airport Erzincan Airport, Domestic Adıyaman Airport, Domestic Tbilisi & Batumi International Airport Total Size OTHER PROJECTS Kuyumcukent Jewellery & Gold Center Izmir Hippodrome Outdoor Lighting Marmara Forum Mall Ford Otosan Golcuk Facilities Bayrampaşa Forum Mall Qatar National Convention Centers Turkcell s 40 Operation Centers Bosch-Rexroth King s Academy / jordan Total Size GRAND TOTAL SIZE

6 From Projects 6

7 Backlog Backlog USD mn Revenue TRY mn & Ebitda Margin (%) ,90% ,00% 9,68% ,65% 291 6,69% ,68% H H2015 Int'L Domestic Revenue Backlog Distribution Estimates USD mn Backlog 7

8 Backlog Domestic Projects Client Location Section Size Total Size Backlog E Tuzla Trade Center (IS REIT) Koray İstanbul M E Maslak BAY İstanbul M E DP World Yarımca Container Terminal STFA Kocaeli E Mavi Bahçe Shopping Center Opera İzmir M E Other Domestic Projects M TOTAL (USD) Backlog Breakdown by Country Azerbaijan 4% UEA 54% Turkey 21% Qatar 21% Project completion period; 2-3 years average M Backlog Breakdown by Project Airport 56% Stadium 1% Port 4% Infrastructure 14% Business Center & Mall 22% Hospital 3% 8

9 Backlog International Projects Client Location Section Size Total Size Backlog TAV-CCC- E Abu Dhabi Midfield Terminal Building UAE ArabTec M QIT IMAR E Hamad International Airport CP99,110,111,112 Alec Fit Out Qatar JV M E Hamad Bin Khalifa Medical City Doha Hyundai Qatar M REDCO E R&D Complex Qatar Construction Qatar AL MANA M E Baku Olympic Stadium Tekfen Azerbaijan M Pasha E Ganjlik Mall Construction Azerbaijan M E Al Rayvan Road Doğuş Qatar M E Other Int'l Projects Qatar M TOTAL (USD) DOMESTIC & INT'L TOTAL

10 Well - Established Relationships Cairo Airport / Egypt Tbilisi&Batumi Airports / Georgia Ankara, Istanbul & Izmir Airports Hamad International Airport / Qatar International Abu Dhabi Airport/ UAE Hamad International Airport / Qatar Biological Lab / Georgia Hamad Bin Khalifa Medical City/Qatar BP HQ Building / Baku Architecture engineering consulting operations and maintenance King Hussein Military Academy / Jordan King Hussein Cancer Hospital / Jordan Court of Accounts Building / Russia Hamad International Airport / Qatar Marmaray Railway Tube Tunnel / Istanbul Ras Gas Raslafan/Qatar Construction Marmara Forum Mall Bayrampasa Forum Mall CR-1 Marmaray Train Stations/Istanbul T.T.E Engineering Baku Olympic Stadium /Azerbaijan Consolidated Construction Company International Abu Dhabi Airport 10

11 Abu Dhabi Airport sqm Completion Sep 2016 Future Project Opportunities Airport Projects Total 4 Projects 3.2 mn sqm Hamad Airport Concourse D&E sqm Kuwait Airport New Terminal Building sqm İstanbul 3rd Airport Phase I ( ) sqm Phase II&III ( ) sqm Total 1.4mn sqm New Doha Int l Airport Kuwait Airport New Terminal Bulding Dubai World Central Airport 2mn sqm (1mn Terminal Building, 1mn facilities infrastructure) bn $ Estimated Project size 11

12 Stadium Projects Baku Olympic Stadium World Cup Qatar stadium project * 10 stadium average cap stadium avarage cap Baku Olympic Stadium 1st European Olympic Games Capacity Completion Jan 2015 Standarts UEFA, FIFA, IOC (Elite Stadium) Future Project Opportunities World Cup Russia stadium project till 2018 Avarage capacities Total 15 Projects avg. cap. 9 bn $ Potential Value Lusail Iconic Stadium, Al Dayeen, cap. Doha Port Stadium, Doha, cap. *9 new planned, 3 plans to expand 12

13 Future Project Opportunities Industrial Projects Ethylene/ Polyethylene Factories Russia and Tatarstan Republic Fertilizer Factory Baku and Georgia In Addition - Gulf region's potential similar projects. --The pics are representative 13

14 Other Opportunities Hospitals Hamad Medical City, Doha sqm Completion Dec 2014 Hamad Medical City 30 City Hospitals planned in Turkey Azerbaijan, Russia, Gulf Region s planned new projects Nuclear Power Plants 2 projects planned in Turkey Projects planned on Turkey's North and South coast Other Projects Qatar s infrastructure (city subway) projects New shopping centers and malls New luxury hotels Till Qatar EXPO 2020 and WC2022 Ganjlik Mall, The Biggest of Baku Four Season Hotel, İstanbul 14

15 Main Segments ENERGY REAL ESTATE ELECTRONICS 1H 2015 Revenue; 2.05 mn TRY 1H 2015 Revenue ; 7.2 mn TRY 1H 2015 Revenue; 2.04 mn TRY 2014 Revenue; 19,3 mn TRY 2014 Revenue; 15,8 mn TRY 2014 Revenue; 1,5 mn TRY The biggest photovoltaic power plant in Turkey - Malatya University 5,3 MWp The largest solar plant in the Eastern Mediterranean Basin - 1,3 MWp solar power plant Cyprus Projects in Bulgaria - 5,2 MWp Troyanovo,Dimitrovgrad,Chirpan Türk Telekom Base Station Installation kwp Greece Solar plant in Komotini kwp Anel Business Center Roof and Terrace Installation - 25 kwp Anel Business Center Marine electric electronics *Generating its own electricity System integration *Long-term renting method Fixed and mobile telecommunication *19 floors & 40,000 sqm rentable area Defence *Parking lot for 450 vehicles Industrial & professional electronics *100% capacity utilization Information technologies Kosuyolu Office Building Mobile applications & smart solutions Main Prestigious Tenants *Celebi Holding *Shaya *Redbull *Pierre Fabre *Orange *Hobby Kozmetik *Watsons *Grohe *Kariyer.net *Karsan *Sigortam.net *Avnet Sanko *Takeda 15

16 Anel Elektrik Financial Summary (TRY) H2014 1H2015 Net Sales Gross Profit Operating Profit Net Income EBIT EBITDA EBIT Margin(%) 3,00% 6,55% 5,79% 5,83% 6,92% 9,93% EBITDA Margin(%) 8,00% 9,68% 6,65% 6,69% 7,72% 10,68% Gross Marjin (%) 12,00% 14,64% 15,08% 11,18% 11,24% 15,04% Operating Margin (%) 7,90% 11,55% 6,01% 5,52% 7,23% 10,50% Net Income Margin (%) 6,90% 6,42% 0,01% 0,30%. 0,92% 0,81% Price (TRY/share) 2,44 1,92 2,13 1,00 1,15 1,00 Book Value Per Share (TRY) 1,88 2,26 2,23 2,21 2,58 2,97 Market Cap (TRY)

17 Anel Elektrik Financial Summary SUMMARY FINANCIALS (TRY mn) Anel Elektrik Financial Summary H2015 CURRENT ASSETS Cash and Cash Equivalents 83,5 87,2 15,7 46, Trade Receivables ,2 358, Other Receivables 32,6 11,3 23,1 65,3 91,1 74,2 Inventories 28,6 27,8 30,6 26,7 66,1 87,8 Other Current Assets 30,5 27,1 16,7 17,6 19,6 22,5 NON-CURRENT ASSETS , Financial Investments (Assets) 0,02 0,2 0,05 0,05 0,05 0,05 Investments Accounted with Equity Method 21,4 16,3 16,4 10,5 22,2 23,9 Investment Property 110, ,6 137,5 138,1 135,8 Intangible Non-Current Assets 0,3 0,2 2,1 9,3 2,2 1,7 Deferred Tax Asset 31,6 83,8 57,3 99, TOTAL ASSETS SHORT TERM LIABILITIES , Financial Liabilities 62,9 50,2 34,4 99, Trade Payables 67,9 53,1 58,3 83,5 192,9 136,9 LONG TERM LIABILITIES , Financial Liabilities 74,1 80,2 86,3 91, ,8 SHAREHOLDER'S EQUITY Paid-in Capital MINORY INTERESTS 26,8 25,4 29,1 29,1 27,9 29,8 TOTAL LIABILITIES & SHAREHOLDERS' EQUITY

18 Disclaimer Certain statements contained in this presentation may be considered "forward-looking statements. Our forward-looking statements generally contain words such as "estimate," "project, "predict," "believe," "expect," "anticipate," "potential," "plan," "goal," will or other words which mean the uncertainty of future events. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties. Although Anel Elektrik believes that the expectations reflected in our forward-looking statements are reasonable at this time, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Therefore, Anel Elektrik disclaims any obligation to update these statements, and we caution you not to rely on them unduly.

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