DOGAN SIRKETLER GRUBU HOLDING Doğan Holding
4Q22 Earnings Presentation
March 03, 2023
4Q22 Highlights
Strong Revenue Growth
- Strong revenue performance in all segments
- Inorganic growth impact
- Higher contribution from new businesses
High Net Cash Position and Solid Balance Sheet
- USD509 million solo net cash
- Minimal FX risk at group companies
Continuing Strategic Actions
- Milpa land sale completed for USD 100 million
- Çelik Halat sale completed for EUR 26 million
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Doğan Holding 4Q22 Earnings Presentation
4Q22 Highlights
Revenue | ||
(TL mn) | 15,027 | |
%166 | ||
5,640
EBITDA | Net Income | |||
1,100 | 2,109 | |||
%11 | ||||
%53 | ||||
1,881
721
4Q214Q22
- Positive impact from higher scale and product prices
- Inorganic growth of Karel acquisition
- Continuation of growth in automotive, finance and investment segments
4Q214Q22
- Margin expansion in energy production (+)
- High base impact in gas retailing (-)
- Lower operational profit growth in industrial companies (-)
4Q214Q22
- Deferred tax gain (+)
- Real estate revaluation impact (+)
- Lower FX gain (-)
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Doğan Holding 4Q22 Earnings Presentation
Share Buyback /Dividend Inflow and Payments
Share Buyback Program
- Share Buyback Program was updated at the General Assembly.
- Program size: TL300 million
- Previous program information:
- Total buyback: TL57.5 million
- Number of shares: 26.9 million
Dividend Inflow | Dividend Payments | |
• Consistent dividend inflow from group | • Dividend Policy: targets to distribute >5% | |
companies. | of paid-in capital. |
- 2023 dividend inflow target: ~TL700 mn
Dividend Yield
9.4%
2.4% 2.3%
3.0%
Company | 2020 | 2021 | 2022 | Gross Dividend Payment | |
(TL mn) | |||||
Doruk Faktoring | 0 | 3 | 5 | 330 | |
Doğan Dış Ticaret | 7 | 10 | 15 | 262 | |
Suzuki | 0 | 0 | 0 | ||
Çelik Halat | 0 | 0 | 4 | ||
Ditaş | 0 | 0 | 0 | 180 | |
Doğan Holding | 1 | 0 | 0 | ||
Milta | 52 | 40 | 0 | 100 | |
DHI | 159 | 226 | 179 | ||
Galata Wind | 0 | 100 | 110 | ||
Rapsodi | 0 | 5 | 0 | ||
Total | 219 | 385 | 313 | ||
2019 2020 2021 2022
2019 | 2020 | 2021 | 2022 |
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Doğan Holding 4Q22 Earnings Presentation
Solo Net Cash Position Change
Doğan Holding Solo Net Cash
(Dogan Holding + Öncü VCIT + DHI) (USD mn)
- Karel acquisition had a USD55 million impact on solo net cash.
- During the period, capital increases were completed for Hepsiemlak, Hepiyi Sigorta, Karel and Ditaş.
- Due to changes in macro conditions and decline in EUR/USD, our financial instruments had a negative valuation impact. This impact is included in other category.
- Other category also includes cash outflow related to operational expenses
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Doğan Holding 4Q22 Earnings Presentation
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Disclaimer
Dogan Sirketler Grubu Holding AS published this content on 03 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 March 2023 14:09:01 UTC.
