HACI ÖMER SABANCI HOLDING MAY 9, 2023
Q1 2023 EARNINGS
PRESENTATION
EARNING PRESENTATION
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.
EARNINGS PRESENTATION
Q1'23 Highlights
Solid Results Amid
Challenges & Uncertainties
Topline* growth 76%
EBITDA* growth 27%
Net income* growth 18%
ROE 35%
Resilient Balance Sheet
with Strong Liquidity
Net debt/EBITDA* 0.4x
Consolidated Long FX position** USD318mn
Holding-only cash
USD338mn
Improved ESG Performance
42%
Decrease in Scope 1 & 2 emissions by 2030
7
Number of Group Companies already defined / in the process of defining Scope 3 targets
NAV*** growth (y/y): 54% in USD
NAV*** discount: 26.1% down by 8pps compared to a year ago
In line with capital allocation criteria, TL548mn spent to buyback 13.6mn shares, TL3.6bn spent for dividend payment
*Topline excludes Holding dividend income. Bank revenue = Interest income + commission income + capital markets gains/losses + net derivative gains/losses. EBITDA and Net Income excludes non-operational and non-recurringone-off items.
**Non-bank ***Please refer to Appendix for the details of our NAV.
01
/05
Combined Financials
COMBINED FINANCIALS
Despite global & local macroeconomic volatility with continued inflationary pressures…
Bloomberg Commodity & Energy Index (YoY Change)
Bloomberg Commodity Index | Bloomberg Energy Index | ||
67% | 68% | ||
33% | 32% | 28% | 37% |
15% |
2%
-8%-11% | -12% | -6%-10% | ||||
-39% | ||||||
2018 | 2019 | 2020 | 2021 | 2022 | Q1 2022 | Q1 2023 |
Average Turkish Consumer Price Index (YoY Change)
72%
55% 50%
16% | 15% | 20% |
12% | ||
Wage Increase* (Minimum Wage, Gross)
323
280
166 | 201 | ||
144 | 140 | ||
114 | |||
2018 | 2019 | 2020 | 2021 | 2022 | Q1 2022 LTM Q1 2023 LTM |
Average Foreign Exchange Rates* Change (YoY Change)
73% | 79% |
36% | 25% | 29% | 34% | ||
14% | |||||
2018 | 2019 | 2020 | 2021 | 2022 | Q1 2022 | Q1 2023 | 2018 | 2019 | 2020 | 2021 | 2022 | Q12022 | Q12023 |
*Years are indexed to 2017=100 and quarters are indexed to 2021=100. | Basket (0.5USD+0.5EUR) |
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Haci Ömer Sabanci Holding AS published this content on 09 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 May 2023 13:07:12 UTC.
