Investor Presentation 2017 / 2nd Quarter

Transcription

1 Investor Presentation 2017 / 2nd Quarter

2 At a glance INCORPORATION 1998 IPO May 2012 # OF EMPLOYEES 394 CAPITAL ,-TRY BIST STOCK CODE ORGE EQUITY GROUP A INDICES BIST MAIN/BIST ALL SHARES/BIST SERVICES/BIST CONSTRUCTION/KAT50/ZPYKAT FREE FLOAT 46,18 SHAREHOLDER STRUCTURE Orhan Gündüz %32,50 Nevhan Gündüz %21,32 Free Float %46,18 Growth 17/Q2-16/Q2 (%) Assets 11,74 Operating Profit 39,97 Net Sales 3,85 Profitability (%) 2017/Q2 EBITDA Margin 45,19 ROE 21,58 Net Profit Margin 40,80 Return (%) Last Close 9.94 TRY 1 Month 16,53 3 Month 5,63 6 Months 56,60 Annual 75,97 2

3 Material Events of 2nd Quarter As of December 31, 2016 net profit on TFRS financial statements and statutory financial statements was respectively TRY and TRY. According to CMB regulations, legal cap for net distributable profit is the profit on statutory financial statements. Distribution of gross cash dividend of TRY, and net cash dividend of TRY was decided at AGM on March 20, 2017 and distribution was realized on May 2, On May 05,2017, we re rewarded to undertake the electrical conracting works of Büyükyalı Project. Contract size amounts to ,89 TRY+VAT. Project is estimated to be completed by January Our Company s backlog has reached TRY+VAT by June 13, Backlog is calculated by subtraction of interim payment amounts accepted by the employer from the current contract amount of works in progress. 3

4 Latest Projects in Service Tamamlanan Başlıca Projeler Project Project Quasar İstanbul / Fairmont Hotel Kartal-Kaynarca Subway Line Venue Venue Mecidiyeköy / Istanbul / Turkey Kartal / Istanbul / Turkey Activation Date Activation Date December 2016 November 2016 Construction Area Construction Area m m2 Main Contractor Main Contractor Viatrans A.Ş - Meydanbey JV Şenbay-Öztaş-Albayrak JV Contract Size Contract Size ,01 EUR ,72 USD EUR Notes Notes Fairmont Hotel Building was taken into service as of 15 Jan 2017, Interim Acceptance for the Project was taken and Final Residence Building construction is currently at the final phase Acceptance process is ongoing. 4

5 New Projects Tamamlanan Başlıca Projeler Project The Mandarins Acıbadem Venue Acıbadem / Istanbul / Turkey Est. Completion Date March 2018 Construction Area m2 Main Contractor Mandarins Gayrimenkul İnş. Tic. A.Ş. Contract Size ,35 TRY+VAT Project Büyükyalı Venue Zeytinburnu / Istanbul / Turkey Est. Completion Date Jan 2019 Construction Area m2 Main Contractor Özak-Yenigün-Ziylan JV Contract Size ,89 TRY+VAT 5

6 Ongoing Projects QUASAR İSTANBUL BÜYÜKYALI KARTAL- KAYNARCA SUBWAY İNİSTANBUL PROJESİ CONCORD İSTANBUL THE MANDARINS ACIBADEM EPIQUE ISLAND PROJECT CONTRACT VALUE EST. COMPLETION DATE KARTAL-KAYNARCA SUBWAY EUR DECEMBER 2017 QUASAR İSTANBUL ,01 EUR ,72 USD DECEMBER 2017 CONCORD İSTANBUL TRY DECEMBER 2017 İNİSTANBUL TRY EUR DECEMBER 2017 EPIQUE ISLAND TRY JUNE 2018 THE MANDARINS ACIBADEM TRY MARCH 2018 BÜYÜKYALI ,89 TRY JANUARY

7 Major Completed Projects (2017/Q2 > m2) CONRAD Hotel Renovation Project / 2015 Evora Istanbul Project / 2015 Mall of Istanbul Project / 2014 RonesansBiz Mecidiyekoy / 2013 Prime Mall Antakya / 2011 Kartal-Kaynarca Subway / 2016 Pendorya Mall / 2009 Askaynak Industrial Plant / 2007 ThyssenKrupp Industrial Plant / 2009 Istanbul Naval Museum /

8 Financial Statement & KPI BALANCE SHEET 2015/ / / /06 ASSETS TRY TRY TRY TRY Current Assets Cash & Equivalents Income Due Construction Contracts Non-current Asset Long Term Investment TOTAL ASSETS LIABILITIES Short Term Liabilities Financial Debt Trade Debt Long Term Liabilities Financial Debt EQUİTY Capital Net Income Prior Years Income/Loss TOTAL LIABILITIES PROFIT AND LOSS STATEMENT 2015/ / / /06 TRY TRY TRY TRY Revenue Gross Profit Operating Income Net Income Before Taxes Net Income Earnings per share 57% 125% 53% 79% Operating Capital (MTRY) 36,8 48,3 43,0 60,1 2015Q4 2016Q4 2016Q2 2017Q2 Growth 2016Q2-2017Q2(%) 2017/Q2 Asset Growth 11,74 Operating Profit 39,97 Net Profit 49,16 Net Revenue 3,85 Equity 51,67 Profitability (%) 2017/Q2 ROA 45,19 ROE 43,44 EBITDA Margin 14,49 Net Profit Margin 21,58 Return (%) Last Close 9.94 TRY Return (%) 16,53 1 Month 5,63 3 Months 56,60 6 Months 75,97

9 Financial Highlights Quarterly Net Revenue Quarterly EBITDA 30,0 25,0 20,0 15,0 10,0 5,0 0,0 Milyon TL 20,6 27,9 17,4 22,8 19,8 12,0 10,0 8,0 6,0 4,0 2,0 0,0 Milyon TL 6,2 7,0 5,1 8,4 10,1 Quarterly Net Profit Net Cash Position (Last 5 Terms) 9,0 8,0 7,0 6,0 5,0 4,0 3,0 2,0 1,0 0,0 Milyon TL 5,1 6,3 8,2 7,6 8,1 30,0 25,0 20,0 15,0 10,0 5,0 0,0 Milyon TL 20,1 17,3 27,6 22,8 22,7 9

10 Financial Highlights Quarterly EBITDA Margin Quarterly Net Profit Margin 60% 50% 50% 40% 30% 20% 10% 40% 30% 20% 10% 0% 30% 25% 29% 37% 51% 0% 25% 22% 47% 33% 41% Financial Debt/Assets (Last 5 Terms) 12% 10% 8% 6% 4% 2% 0% 6% 11% 8% 7% 5% 10

11 Risk Protection Business Contracts %100 FX contracts Contracts Supply & General Expense scope on FX Inflation and Currency adjustment terms Extra claim terms on price changes Natural Hedge FX Assets-TRY Liabilities Fixed rate/ TRY loans Low Debt/Assets Ratio Forward Contracts Long term fixed rate supply contracts Advance Procurement Advance procurement w. high discount / future delivery contracts w. deferred payments at project inception Financial contracts 11

12 Disclaimer and Contact Information This presentation does not constitute an offer or invitation to purchase or subscription for any securities and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. Neither ORGE Enerji Elektrik Taahhüt A.Ş. nor any of its affiliates, advisors, representatives, directors, managers nor employees nor any other person shall have any liability whatsoever for any loss arising from any use of this presentation or its contents or otherwise arising in connection with it. Company s financial statements are available on and websites. Investor Relations Dept. Phone : yatirimciiliskileri@orge.com.tr ORGE ENERJİ ELEKTRİK TAAHHÜT A.Ş. Address : Kozyatağı Mah. Değirmen Sokak Nida Kule No:18 Kat:A Kadıköy / Istanbul Webpage : 12