Forward Looking Evaluations

Global Investment Holdings Group Companies

2020 Actual & 2021 Guidance

June 2021

GIH Group Companies

2020 Actual & 2021 Guidance

Disclaimer

The information contained in this document has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this document. This document may also contain certain forward-looking statements concerning the future performance of Global Investment Holdings ("GIH" or "the Group") and should be considered as good faith estimates. These forward-looking statements reflect management expectations and are based upon current data. Actual results are subject to future events and uncertainties, which could materially impact GIH's actual performance.

GIH, and its respective affiliates, advisors or representatives, shall have no liability whatsoever for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this document. GIH undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Therefore you should not place undue reliance upon such statements.

Coronovirus Outlook

Ports Business

Impact of Covid-19 on ports business - range

Q1 21

Q2 21

Q3 21

Q4 21

Q1 22

Q2 22

Q3 22

Q4 22

Europe, incl.

Range

Range

Turkey

USA &

Range

Range

Caribbean

ROW

Range

Range

Total or near-total disruption

Major disruption

Medium disruption

Minor disruption

Close to normal

Normalisation

3

Coronovirus Outlook

Non-Ports Turkish Businesses

Impact of Covid-19 on non-portsTurkish businesses - range

Natural gas

Electricity

Mining

Real estate

Finance

Q1 21

Q2 21

Q3 21

Q4 21

Q1 22

Q2 22

Q3 22

Q4 22

Range

Range

Range

Range

Range

Range

Range

Range

Range

Range

Total or near-total disruption

Major disruption

Medium disruption

Minor disruption

Close to normal

Normalisation

4

GIH Group Companies

2020 Actual & 2021 Guidance (1/2)

GLOBAL INVESTMENT HOLDINGS 2020 ACTUAL & 2021 GUIDANCE

Port Infrastructure

2019A

2020A

2021G

Revenue (mn TL) (exc. IFRIC 12, mn TL)

668.5

395.9

25-90%

Growth

Adjusted EBITDA (mn TL)

437.1

127.1

50-200%

Growth

Passengers (consolidated and managed ports, mn PAX)

5.3

1.3

2x-6x Growth

# of Cruise Ports

18

19

19-25

Gas

2019A

2020A

2021G

Revenue (mn TL)

428.4

452.1

25-30%

Growth

Operating EBITDA (mn TL)

101.1

96.0

-5%-+5%

Growth

Volume (mn Sm )

167.1

173.4

26-31%

Growth

3

Power

2019A

2020A

2021G

Revenue (mn TL)

148.5

261.8

18-28% Growth

Operating EBITDA (mn TL)

18.3

96.2

30-45% Growth

Co/Tri-Generation

Revenue (mn TL)

41.5

71.8

12-22% Growth

Electricity Generation (Kwh)

262,285

307,532

-5%-+5% Growth

Biomass

Revenue (mn TL)

91.0

159.0

20-30%

Growth

Electricity Generation (mw)

122,207

171,378

-5%-+5%

Growth

Solar

Revenue (mn TL)

n.a.

18.9

11-21%

Growth

Electricity Generation (mwp)

n.a.

20,098

-5%-+5%

Growth

5

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Global Yatirim Holding AS published this content on 09 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 June 2021 13:36:06 UTC.