Competing in global markets, to be substantive and representing Turkey on the global scale have always been top priorities for Sabancı Group. In 2020, we have executed our strategic goals while expanding our businesses with international partnerships. Thanks to our strong brands that have achieved remarkable success in multiple geographies, our influence across the globe has expanded even further.
We maintained our growth trajectory during the pandemic, which continued to affect ways of doing business in Turkey and the world. Our sound financial results once again confirmed that we are on the right path. We managed to improve our results in this challenging environment thanks to our solid financial structure, balanced businesses and strong cash generation. With robust and transparent cash management and continuous dividend payments, we once again met all our stakeholders’ interests.
(*) Non-bank combined; excluding financial services, banking and other segment.
(**) Excluding one-off income/expenses, IFRS16 impact, banking and net cash position of financial services.
(***) CAGR: Compound Annual Growth Rate
Sabancı Group considers sustainability as an integral part of its mission and strategy. We prioritize efficiency and cyclical economy practices throughout our value chain. We also support sustainable investments with our financial services. As Sabancı of New Generation, we underpin our mission to be a model and a pioneer with our long-term goals for 2030 and 2050.
Sabancı Holding Summary Financials | 2016 | 2017 | 2018 | 2019 | 2020 | CAGR (2016-2020) |
Combined Net Sales | 53.8 | 65.6 | 88.1 | 97.6 | 104.0 | 18% |
Combined EBITDA | 11.2 | 15.0 | 14.6 | 17.5 | 20.3 | 16% |
Combined EBITDA(*) | 10.8 | 14.2 | 15.4 | 17.1 | 20.9 | 18% |
Consolidated Net Income (Share of Parent Company) | 2.7 | 3.5 | 3.8 | 3.8 | 4.8 | 16% |
Sabancı Holding Solo Cash Position | 1.1 | 1.7 | 2.6 | 1.7 | 1.1 | |
Combined Net Financial Debt(**) | 16.6 | 18.1 | 18.6 | 18.7 | 17.3 | |
Combined Net Financial Debt/EBITDA(**) | 3.7 | 3.1 | 2.3 | 2.2 | 1.5 |
(*) Excluding one-off income/expenses.
(**) Excluding one-off income/expenses, IFRS16 impact, banking and net cash position of financial services.
CAGR: Compound Annual Growth Rate
(*) As of 31.12.2020.
The Direkt Loan product accounted for 74% of Akbank’s consumer loans in 2020. Meanwhile, 65% of total credit card sales were made through non-branch channels. With excellence in borrowing experience, three out of every four general purpose loans originate through Akbank’s non-branch channels.
For the first time in Turkey, regardless of amount, all transactions can be conducted either contactless or with a QR code via Akbank Mobile POS (Akbank Cebe POS). This innovation by Akbank enables merchants to accept instant payments using the Akbank Mobile POS app, which is downloadable on Android mobile devices, circumventing the need for physical POS terminals.
In 2020, Aksigorta boosted its income with the reduction in vehicle insurance claims due to the COVID-19 pandemic.
Aksigorta entered into pioneering collaborations in the insurance ecosystem with Telcosurance and Fiat Connect.
During the year, Aksigorta launching an important corporate responsibility effort in conjunction with Boğaziçi University to raises societal awareness of digital risks. Aksigorta’s Digital Security platform aims to provide information on risks in the digital environment via online training sessions and informational content.
Avivasa expanded further by maintaining market leadership in fund size among private companies.
In 2020, Avivasa’s growth rate outperformed the sector average.
Avivasa is the first private insurance provider to focus on aging and age discrimination as a social issue. During the year, Avivasa launched the #yaşıyok (#noage) campaign to promote its “At All Ages” CSR initiative.
Enerjisa Enerji created value for all its stakeholders with grid investment spending of approximately TL 1.8 billion in 2020.
In the highly challenging year of 2020, Enerjisa Enerji set up a crisis committee even before the World Health Organization officially declared COVID-19 a pandemic. Providing uninterrupted service to its customers regardless of conditions in the field, Enerjisa Enerji took more than 1,000 preventative and precautionary actions in line with public health and medical guidance.
With a 186 public station network featuring 320 sockets, of which 109 are fast charging, Eşarj boasts the first and fastest station e-charging network in Turkey.
Enerjisa Üretim signed Turkey’s largest sustainability-linked loan deal with seven banks - a credit facility worth EUR 650 million. With this major facility, Enerjisa Üretim reduced its total debt while also gaining strong support for its future renewable energy investments.
Enerjisa Üretim embraces operational excellence as a strategic priority. In 2020, the company reached the highest availability level in its power plant portfolio with five different technologies. As a result, Enerjisa Üretim reported record high energy generation in 2020.
Enerjisa Üretim is further developing its advanced technology infrastructure to add value in diverse areas including processing of sensor data collected from the field, performing trend analyses and especially, conducting predictive maintenance.
In 2020, price mobility and hydrology were above historic averages. In response to the market environment, Enerjisa Üretim combined its operational excellence and business capability to achieve record high revenue.
Despite major demand fluctuations in the world and in Turkey due to the pandemic, Sabancı Industry Group Companies managed to improve their profitability in their business lines. This success is a result of successful cost management and agility in supply chain management.
In the evolving world of mobility, the Group continued to provide innovative solutions to the new needs of vehicle and service producers as well as end-users. Kordsa contributed with especially light and powerful advanced technology materials, while Brisa contributed with digital fleet management services as well as Otopratik and Propratik to meeting new needs.
As a result of sustainability efforts, Kordsa and Brisa received Gold and A- sustainability ratings within the scope of global assessments of reputable institutions.
With logistics advantage and effective port management, Akçansa demonstrated a successful export performance in 2020.
With the export of special cement produced at the Çanakkale Plant, Akçansa is the leading supplier of the US market.
Reducing its carbon footprint with various practices in production for a livable world, Akçansa continues to reduce its environmental footprint with the use of low clinker cement and higher mineral additives.
In 2020, it was decided to establish a company with the title “Cimsa Sabanci Cement BV” in the Netherlands. Sabancı Holding owns 60% and Çimsa owns 40% share in the company.
Established by Sabancı Holding and Çimsa, Cimsa Sabanci Cement BV made an important investment with the acquisition of Buñol Plant located in Valencia/Spain for USD 154.5 million.
Turquality is the first and most comprehensive government-sponsored brand development program globally. In 2020, Çimsa made a significant achievement by becoming the first cement company to be admitted to the Turquality program.
Receiving a great demand from its online channel due to the COVID-19 pandemic, the share of e-commerce revenue in the total turnover of Carrefoursa increased more than two times.
Providing gastronomic freedom to its customers in market prices with a total of 13 Lezzet Arası restaurants, Carrefoursa launched a delivery service, taking into account the measures of the pandemic.
In order to include the esteemed entrepreneurs in its market chain, Carrefoursa has taken an important step this year and initiated a franchising system including Super and Mini market formats.
Adapting quickly to the change during the pandemic as a result of digitalization and customer-oriented transformation efforts, Teknosa offered seamless service via its widespread store network, teknosa.com and mobile application.
In parallel to the changing needs of consumers in 2020, Teknosa broke new ground in its sector with new services and applications. Click & Drive service and video-chat service via teknosa.com were launched for the first time in the Turkish retail market.
Despite the challenges brought about by the COVID-19 pandemic, Teknosa maintained its increasing performance in 2020, especially with the support of online sales. Teknosa achieved a significant growth momentum in turnover and profitability.
Embracing the late Hacı Ömer Sabancı’s life philosophy of “Sharing What We Have Obtained from This Land with Its People,” the Sabancı family established the Hacı Ömer Sabancı Foundation (Sabancı Foundation) in 1974 to organize all their philanthropic activities under one organization.
Sabancı Group harnesses the power of its industrial and economic advancements to support social and cultural activities through the Sabancı Foundation. As such, it has become one of the leading family foundations in Turkey.
Sabancı Foundation has built more than 120 institutions all around Turkey in 78 residential areas, such as schools, dormitories, teachers’ centers, medical facilities, sports complexes, cultural centers and social facilities for 46 years since its foundation. Since 2007, 173 projects of non-governmental organizations have been supported. In the field of culture and arts, long-term supports are being provided particularly for example to State Theaters - Sabancı International Adana Theater Festival which has been organized for 22 years. Having provided nearly 50 thousand scholarships in 46 years, Sabancı Foundation encourages success with awards in the fields of education, art and sports.
We support innovative education through Sabancı University.
We empower non-governmental organizations by making grants and sharing our expertise.
We share our knowledge and experience to strengthen philanthropy.
We inspire society by increasing the visibility of “Changemakers.”
We encourage students and artists by offering scholarships and grants.
We pioneer new approaches and methods implemented in the field of philanthropy, especially by supporting civil society with grants.
We contribute to the resolution of social issues by working with non-governmental organizations.
We build institutions in the fields of education, culture, healthcare and sports.
Residential Areas
Grant Programs in
Provinces
Scholarships