YILDIRIM GROUP: A "GAME CHANGER" IN MARITIME

YILDIRIM GROUP: A "GAME CHANGER" IN MARITIME Robert Yuksel YILDIRIM President & CEO 12th Annual Marine Money Istanbul Ship Finance Conference - May 2...
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YILDIRIM GROUP: A "GAME CHANGER" IN MARITIME

Robert Yuksel YILDIRIM President & CEO 12th Annual Marine Money Istanbul Ship Finance Conference - May 21, 2015 - Mövenpick Hotel – Istanbul, Turkey

12th Annual Marine Money Istanbul Ship Finance Conference: YILDIRIM GROUP: A Game Changer in Maritime

DISCLAIMER “This document does not constitute or form part of and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or acquire securities of YILDIRIM Holding or any of its subsidiaries in any jurisdiction or an inducement to enter into investment activity. No part of this document, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein. None of the YILDIRIM Holding or any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with the document. This document contains “forward-looking statements”, which include all statements other than statements of historical facts, including, without limitation, any statements preceded by, followed by or that include the words “targets”, “believes”, “expects”, “aims”, “intends”, “will”, “may”, “anticipates”, “would”, “could” or similar expressions or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond YILDIRIM Holding’s control that could cause the actual results, performance or achievements of YILDIRIM Holding to be materially different from future results, performance or achievements expressed or implied by such forward-looking, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Turkish economic, political and legal environment, volatility in stock markets or in the price of our shares or GDRs, financial risk management and the impact of general business and global economic conditions. Such forward-looking statements are based on numerous assumptions regarding YILDIRIM Holding’s present and future business strategies and the environment in which YILDIRIM Holding will operate in the future. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. These forward-looking statements speak only as at the date as of which they are made, and YILDIRIM Holding expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in YILDIRIM Holding’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. Neither YILDIRIM Holding, nor any of its agents, employees or advisors intend or have any duty or obligation to supplement, amend, update or revise any of the forward-looking statements contained in this document. The information contained in this document is provided as at the date of this document and is subject to change without notice.”

12th Annual Marine Money Istanbul Ship Finance Conference: YILDIRIM GROUP: A Game Changer in Maritime

CONTENT MACRO PERSPECTIVE & LOCAL STANDPOINT

OVERVIEW OF YILDIRIM GROUP

OVERVIEW OF SHIPPING & SHIPBUILDING

OVERVIEW OF PORT OPERATIONS

YILDIRIM GROUP: A "GAME CHANGER" IN MARITIME

PMI – Post-Crisis Development

Expansion

58 Negative Signals

56 54 52 50

Contraction

12th Annual Marine Money Istanbul Ship Finance Conference: YILDIRIM GROUP: A Game Changer in Maritime

Macro Perspective: Rate Hike Sooner, Growth Later

48

Positive Signals

46

Changing Environment

44 42

Crisis

Post-Crisis

40 2007

2008

2009 China

2010 Euro-zone

2011 Japan

2012

2013

2014

2015

United States

Source: HSBC, Markit

 China’s indicators show a slowdown but China can support its growth rate around 7% in the next years.  Japan’s Abenomics and the EU’s quantitative easing can support growth with pre-crisis levels.  The US’ GDP growth rate of 5% for Q3 of 2014 indicated a strengthened economy. However, recent figures, including PMI, signal a re-slowing economy.  PMIs still signal that the major economies have been holding above the expansionary level.  Low oil prices create a deflationary effect on costs, which might create an room for maneuver for growth.

International Trade Balance

1,200 1,000

Ratio of Exports to Imports

120%

Winners

800

110%

China

>100% Exports Oriented

EU

600 Billion USD

12th Annual Marine Money Istanbul Ship Finance Conference: YILDIRIM GROUP: A Game Changer in Maritime

Macro Perspective: Winners & Losers of Int’l Trade

100%

400 200

90%

Japan

0 -200

2010

2011

2012

2013

2014 80%

-400

Losers

-600

70%

1.0 mn tons per year:

1 Million Ton Level

2010

'000 DWT

12th Annual Marine Money Istanbul Ship Finance Conference: YILDIRIM GROUP: A Game Changer in Maritime

SHIPPING & SHIPBUILDING: YILMAR’s Value Creation

2011

2012

2013

2014

2015

Marmara Shipyard's Accumulative Chemical Tanker Projects 12.5

7.0

7.0 7.0

6.4

6.4

73,000 DWT

16.0 10.5 2007

Chemical Tanker Construction Portfolio:

2008

2009

2010

2011

2012

12th Annual Marine Money Istanbul Ship Finance Conference: YILDIRIM GROUP: A Game Changer in Maritime

SHIPPING & SHIPBUILDING: YILMAR’s Strategy & Goals SHIPPING & SHIPBUILDING STRATEGY ► Investing in Distressed Vessels with Our Own Equity ► Building Vessels in Our Shipyard for YILMAR Holding with Types Depending on Market Conditions ► Renewing the Fleet with Younger Vessels ► Integrating Our Shipping Business with Our Other International Investments

SHIPPING & SHIPBUILDING GOALS ► To Order 10 x 210,000 DWT NB Newcastlemax Type Vessels for CCX Coal Mine Project in Colombia & Coal Fired Power Plant Projects in Turkey ► To Expand Our Fleet’s Capacity to over 2,500,000 DWT by 2023 ► To Invest Operations in Turkey, Africa and LATAM

YILPORT Holding is a world-class, complete solutions and service provider in the port business

1 port in

1 port in

Norway

Sweden

► YILPORT was established in 2005 via the merger of Sedef Port (acquired in 2004) & Alemdar Port (acquired in 2005) in Gebze, Turkey.

1 port in

4 ports in

Malta

Turkey

Container Handling

6.55 million TEUs

General Cargo

Liquid Cargo

Value Creation in the Last Decade: > 100X Growth

16 million tons

► YILPORT currently holds 7 ports around the world: 4 ports in Turkey, 1 port in Malta, 1 port in Sweden and 1 port in Norway & 5 dry terminals.

700,000 CEUs

1.65 million m3

► YILPORT Holding was established in 2011 in order to grow worldwide.

Annual Capacities

Ro-Ro

► YILPORT Holding aims to invest in port & terminal projects in Europe, North & South

Capacity ‘000 TEU

12th Annual Marine Money Istanbul Ship Finance Conference: YILDIRIM GROUP: A Game Changer in Maritime

PORT OPERATIONS: YILPORT Holding Overview

7,000

Capacity: 6,550

America, and Africa regions.

3,500 4,420 Capacity: 50

Throughput

0 35 Throughput 2004

2014

► YILPORT Holding has around 3,300 employees.

12th Annual Marine Money Istanbul Ship Finance Conference: YILDIRIM GROUP: A Game Changer in Maritime

PORT OPERATIONS: Locations & Capacities YILPORT Gävle (Gävle Container Terminal)

YILPORT Stockholm (Stockholm Nord Combi Terminal)

YILPORT Oslo (Oslo Container Terminal)

YILPORT Malta (Malta Freeport)

YILPORT Gebze

YILPORT Yarimca (RotaPort)

YILPORT Gemlik - I (AzotPort)

YILPORT Gemlik - II (GemPort)

YILPORT Gebze - 1 Dry Terminal

Container Capacity

G. Cargo Capacity

Liquid Cargo Capacity

YILPORT Gebze

600,000 TEUs

5 million tons

1 million m3

-

YILPORT Gemlik

600,000 TEUs

4 million tons

500,000 m3

-

YILPORT Gemport

600,000 TEUs

1 million tons

-

500,000 CEUs

YILPORT Yarimca

-

6 million tons

150,000 m3

-

YILPORT Malta

4 million TEUs

-

-

200,000 CEUs

YILPORT Gävle

250,000 TEUs

-

-

-

YILPORT Oslo

500,000 TEUs

-

-

-

TOTAL

6.55 million TEUs

16 million tons

1.65 million m3

700,000 CEUs

YILPORT Gebze - 2 Dry Terminal

YILPORT Gebze - 3 (E-5) Dry Terminal

YILPORT Gemlik GemPort Dry Terminal

Ro-Ro Capacity

Eti Logistics

12th Annual Marine Money Istanbul Ship Finance Conference: YILDIRIM GROUP: A Game Changer in Maritime

PORT OPERATIONS: Ports in Turkey

Our First Multipurpose Terminal

600,000 TEUs Container Handling Cap.

5 million tons General Cargo Cap.

150,000 m3 Liquid Cargo Cap.

4 QC 8 MHC 21 RTG

1 million m3 Liquid Cargo Cap.

A Key Grain & Cement Warehouse in the Marmara Region

Equipment

57,000 m2 Warehouse

6 million tons General Cargo Cap.

2 MHC Equipment

12th Annual Marine Money Istanbul Ship Finance Conference: YILDIRIM GROUP: A Game Changer in Maritime

PORT OPERATIONS: Ports in Turkey Strategic Investment to Solidify Strength in the Gemlik Region

Turkey’s First Private Port

600,000 TEUs Container Handling Cap.

1 million tons General Cargo Cap.

500,000 CEU Ro-Ro Cap.

Container Handling Cap.

67,000 Warehouse

600,000 TEUs

4 million tons General Cargo Cap.

4 QC 7 RTG 3 MHC

500,000 m3

m2 Liquid Cargo Cap. Cap. RoRo

Equipment

12th Annual Marine Money Istanbul Ship Finance Conference: YILDIRIM GROUP: A Game Changer in Maritime

PORT OPERATIONS: Ports Abroad

3rd Largest Transshipment and Logistics Center in the Mediterranean Region

4 million TEUs Container Handling Cap.

23 QC 107 RTG Equipment

200,000 CEUs Ro-Ro Cap.

Entry Point to the Northern European Market

250,000 TEUs Container Handling Cap.

Warehouse

Quay Length

500,000 TEUs

86,000 m2

4 STS 8 RTG

137,000 m2

2 QC Equipment RoRo Cap.

665 m Quay Length

Container Handling

Terminal Area

350 m

67,000 m2

Norway’s Main Gateway Terminal

Terminal Area

Equipment

12th Annual Marine Money Istanbul Ship Finance Conference: YILDIRIM GROUP: A Game Changer in Maritime

PORT OPERATIONS: Eti Logistics A Key Differentiator for YILPORT, Emphasizing Its Integration Efforts > 120,000 TEU

150 TEU

Logistics solution provider of YILPORT Holding and “one-stop-shop” integrated service offering.



Rail transportation, trucking, sea freight – feedering, CFS services, warehousing.



Currently operates in 4 regions: Elazig, Mersin-Iskenderun, Gebze-Yarimca and Gemlik.



78 rail wagons, 218 open-top 20-foot containers, 30 trucks and 34 trailers.



Manages a well-trained pool of 112 drivers, serving YILPORT Holding terminals.



Over 100,000 container transfers annually from main terminal to inland terminals in Gebze.



Feeder service in the Sea of Marmara with 150-TEU vessel to support terminals and liner customers in the Marmara region.

Feeder Cap.

Trucking Cap.

> 50,000 TEU

> 2 million tons Rail Bulk Cap.



Rail Container Cap.

12th Annual Marine Money Istanbul Ship Finance Conference: YILDIRIM GROUP: A Game Changer in Maritime

YILPORT’s Global Growth Strategies: A Unique Operator ► YILPORT is the One & Only Turkish International Terminal Operator which Targets Excellence & Uniqueness TIL

CMA CGM

Global Operators

PSA

YILPORT Limak Port

TOP 10 International Terminal Operators

Turkish Glocal Operators

MIP

Marport

Assan Port

Turkey Focused Port Operators

Borusan Hutchison

Kumport

China Merchants

Nemport

Evyap Port China Shipping Terminal

Evergreen

COSCO DP World

APMT

►YILPORT

focuses on global investments and growth opportunities in the port business.

►YILPORT

aims to become one of the top 10 International Terminal Operators by 2025 in the world.

12th Annual Marine Money Istanbul Ship Finance Conference: YILDIRIM GROUP: A Game Changer in Maritime

YILPORT’s Global Growth Strategies: Regional Targets ► YILPORT Has 2 Types of Growth Strategies Globally 1. Developing Markets/Countries

2. Developed Markets/Countries

► Targets Africa, S. America, Middle East & South East Asia

► Targets N. America and European countries

► Provides multi-industrial activities via YILDIRIM Group

► Brings proactive marketing to reach shippers, exporters,

► Offers and applies “One-Stop-Shop Solutions” method ► Attracts cargoes via its logistics and shipping network ► Proactive approach: market needs locally and regionally ► Brings know-how, finance and operational excellence ► Improves infrastructure and superstructure to boost productivity and efficiency at berth, yard & gate sites ► Creates a win-win environment as a GAME CHANGER

importers, forwarders and regional SMEs ► Increases productivity and efficiency via extensive port improvements at berth, yard & gate sites ► Upgrades

intrastructures

&

equipments

to

cut

maintenance and repair costs ► Supports state-of-the-art technologies (i.e. crane OCRs, collision avoidance systems, automated gates and camera systems)

12th Annual Marine Money Istanbul Ship Finance Conference: YILDIRIM GROUP: A Game Changer in Maritime

What Makes YILPORT Different from Others • YILDIRIM Group is the One & Only Industrial Group in Global Port & Terminal Operations • Balanced Portfolio of Container, General & Bulk, Liquid Cargoes • Integrated Local and Global Port Operations • Capability of One-Stop-Shop Solutions and Multipurpose Port Activities • Favorable Exposure to High and Stable Growth Economies

• Global Strategic Investment Scope in Emerging Markets

• Being a "GAME CHANGER" in International Terminal/Port Operations with the Strong Industrial Power of YILDIRIM Group

12th Annual Marine Money Istanbul Ship Finance Conference: YILDIRIM GROUP: A Game Changer in Maritime

YILDIRIM GROUP: ONE STOP SHOP SERVICE PROVIDER Coal & Coke

Logistics



YILDIRIM Group provides "One-Stop-Shop Solutions

Metals & Mining

and Services" to its business partners with the synergy

Shipping

Port Management

created within its industries.



Our “One-Stop-Shop Solution Strategy” also provides a winwin situation to all parties to

Fertilizers & Chemicals

make business more competitive and profitable.

Shipbuilding

YILDIRIM’s Power

12th Annual Marine Money Istanbul Ship Finance Conference: YILDIRIM GROUP: A Game Changer in Maritime

YILDIRIM GROUP: A "GAME CHANGER" IN MARITIME What Makes YILDIRIM a GAME CHANGER in Maritime? ► Provides "One-Stop-Shop" services & solutions. ► Carries its owns cargoes along with those of 3rd parties with its own fleet. ► Extensive network in maritime from ship owners to operators, from cargo owners to receivers. ► Maintains its own vessels in better conditions with lower costs. ► Sees the full picture of the markets with its diversified business activities, mainly mining & metal and fertilizer businesses. ► Strong intelligence by support of YILDIRIM’s position in the commodity markets. ► Local & international investment scopes. ► Owns the market making companies in their industries. ► Has a strong market intelligence desk for commodities & maritime.

12th Annual Marine Money Istanbul Ship Finance Conference: YILDIRIM GROUP: A Game Changer in Maritime

12th Annual Marine Money Istanbul Ship Finance Conference: YILDIRIM GROUP: A Game Changer in Maritime