Tekfen Holding
Annual Report 2021
Tekfen Holding
Annual Report 2021
www.tekfen.com.tr
Trade Registration Number: 111233
2021 TEKFEN 1
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Contents
Profile and Basic Indicators
Management
Message from the Chairman
Message from the President
Engineering and Contracting Group
Tekfen Construction
Tekfen Engineering
Tekfen Manufacturing
Chemical Industry Group
Fertiliser Operations
Mineral Fertilisers
Specialty Fertilisers
Organic & Organo-mineral Fertilisers
Sustainable and Innovative Agriculture Practices
Agricultural Production Development and Digital Agricultural Practices R&D and Innovation
Agricultural Production Group
Fruit Cultivation and Exportation
Techno-Agriculture and Crop Seed Operations
Contract Farming
Seedlings
Sustainable Agricultural Production Activities
R&D and Innovation
Sustainable Business Model and Environment
Zero Waste and Circular Economy
Services Group
Terminal Operations
Free Zone Operations
Tekfen Services
Tekfen Insurance
Investment Group
Tekfen Ventures
Sustainibility Practices
People
Environment
Occupational Health and Safety
Digital Transformation
Social Responsibility
Corporate Governance
Board of Directors Members and Senior Management Tekfen Group Companies
Statement of Compliance with Corporate Governance Principles Board of Directors
Committees
Sustainability Principles Compliance Framework Internal Audit
Legal Disclosures
Tekfen Holding A.Ş. Dividend Policy
Board of Directors' Annual Report Proposal for Profit Distribution
2 TEKFEN 2021 | 2021 TEKFEN 3 |
Profile and Basic Indicators
With foundations laid in 1956 by three civil engineers - Feyyaz Berker, Nihat Gökyiğit, and Necati Akçağlılar - Tekfen Holding today conducts its operations through thirty-nine companies and thirteen subsidiaries, each of which is a leading name in its respective business line, and that are active in five main areas: Engineering and Contracting, Chemical Industry, Agricultural Production, Services and Investment. Tekfen Holding is the umbrella company for all of the firms and subsidiaries in the Tekfen Group. Its shares are traded on the Borsa İstanbul and are quoted in that exchange's BIST 30 and Sustainability Index. The Tekfen Group's founding partners have served as the originators, benefactors and directors of many environmental, educational, and social NGOs. Those roles kept people, social welfare, and environmental wellbeing at the focal point of the Tekfen Group's business culture and charitable activities since the very outset.
4 TEKFEN 2021 | 2021 TEKFEN 5 |
Profile and Basic Indicators
Revenues (Consolidated million TRY)
2020 | Engineering and | ||||
Contracting | |||||
2021 | Chemical Industry | ||||
Agricultural | |||||
Production | |||||
Services | |||||
Investment | |||||
EBITDA (Consolidated million TRY)
16,223 | ||||||||
11,730 | ||||||||
8,197 | ||||||||
7,108 | 7,200 | |||||||
3,888 | ||||||||
201 | 184 | 486 | 562 | 48 | 79 | |||
Total | Engineering | Chemical | Agricultural | Services | Investment | |||
and | Industry | Production | ||||||
Contracting |
Breakdown of Revenues (%)
1,802 | |||||||
728 | 736 | ||||||
459 | |||||||
176 | 169 | ||||||
(28) | (48) | (81) | |||||
(122) | |||||||
(344) | |||||||
(1,073) | |||||||
Total | Engineering | Chemical | Agricultural | Services | Investment | ||
and | Industry | Production | |||||
Contracting |
Net Profit / Loss for the Year (Consolidated million TRY)
4.1% | 0.4% |
1.7% | |
33.1% | 60.6% |
2020 |
1.1%3.5%0.5% | |
44.4% | 50.5% |
2021 |
1,665 | ||||||
829 | 824 | |||||
451 | ||||||
132 | 133 | 83 | ||||
(67) | (66) | |||||
(113) | ||||||
(667) | ||||||
(1,679) | ||||||
Total | Engineering | Chemical | Agricultural | Services | Investment | |
and | Industry | Production | ||||
Contracting |
6 TEKFEN 2021 | 2021 TEKFEN 7 |
Profile and Basic Indicators
2020
Investment (Consolidated million TRY) | 2021 |
568 | |||||||
556 | |||||||
244 | 241 | ||||||
170 | 180 | 185 | |||||
43 | 18 | 31 | 9 | 2 | |||
Total | Engineering | Chemical | Agricultural | Services | Investment | ||
and | Industry | Production | |||||
Contracting |
Total Assets (Consolidated million TRY)
21,914 | |||||||
13,917 | |||||||
9,253 | |||||||
6,553 | 7,382 | ||||||
4,298 | |||||||
3,589 | 2,826 | ||||||
384 | 380 | 565 | 601 | ||||
Total | Engineering | Chemical | Agricultural | Services | Investment | ||
and | Industry | Production | |||||
Contracting | |||||||
Employees | |||||||
2020 | 18,444 | ||||||
2021 | 16,543 | ||||||
8 TEKFEN 2021 |
SUMMARY BALANCE SHEET (thousand TRY) | 31 December 2021 | 31 December 2020 | |||
Current Assets | 15,407,337 | 9,013,197 | |||
Non-Current Assets | 6,506,236 | 4,903,836 | |||
Total Assets | 21,913,573 | 13,917,033 | |||
Current Liabilities | 13,073,283 | 7,474,512 | |||
Non-Current Liabilities | 1,114,830 | 631,621 | |||
Equity Attributable to Owners of the Parent | 7,595,637 | 5,730,139 | |||
Non-controlling Interest | 129,823 | 80,761 | |||
Total Shareholders' Equity and Liabilities | 21,913,573 | 13,917,033 | |||
SUMMARY INCOME STATEMENT (thousand TRY) | 1 January - 31 December 2021 | 1 January - 31 December 2020 | |||
Revenue | 16,222,968 | 11,729,779 | |||
Gross Profit | 1,280,065 | 913,997 | |||
Operating Profit | (478,221) | 1,012 | |||
Profit Before Taxation | 1,129,044 | 229,474 | |||
Net Profit (Loss) | 829,390 | (67,398) | |||
IMPORTANT RATIOS | 31 December 2021 | 31 December 2020 | |||
Liquidity | |||||
Current Ratio | 1.18 | 1.21 | |||
Liability and Indebtedness | |||||
Total Liabilities / Equity Attributable to Owners of the Parent | 1.87 | 1.41 | |||
Current Liabilities / Total Liabilities | 0.92 | 0.92 | |||
1 January - 31 December 2021 | 1 January - 31 December 2020 | ||||
Profitability | |||||
Gross Profit Margin | 7.89% | 7.79% | |||
EBITDA Margin | 4.49% | 3.91% | |||
Net Profit Margin | 5.11% | -0.57% | |||
Net Cash Calculation | (Thousand TRY) | ||||
Cash and Cash Equivalents | 5,064,108 | ||||
Financial Investments | 51,845 | ||||
Short-term Borrowings | (3,088,485) | ||||
Short-term Portion of Long-term Borrowings | (88,282) | ||||
Long-term Borrowings | (324,786) | ||||
Effect of TFRS 16 Adjustment | 62,383 | ||||
Effect of TFRS 9 Adjustment | 1,263 | ||||
Net Cash as of 31 December 2021 | 1,678,046 |
2021 TEKFEN 9
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Tekfen Holding AS published this content on 26 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 July 2022 13:08:05 UTC.