Having a balanced portfolio once again played an important role in maintaining Sabancı Holding's solid performance in high volatility and challenging political and macro backdrop.
Midterm Guidance
Midterm financial targets announced at Capital Markets Day in November 2020 for the period of 2021-2025
| |
2021-2025 Targets |
2021-2023 Figures |
Status |
|---|
| Combined Revenue Growth |
CPI + 8% |
CPI + 28% |
Delivered |
| Combined EBITDA(1) Growth |
CPI + 10% |
CPI + 34% |
Delivered |
| New Economy Share (2)(3) |
~13% |
11% |
On track |
| Fx Revenue Share (2) |
30%+ |
21% |
On track |
| Net Debt/EBITDA (1)(4) |
<2.0x |
0.8x |
Delivered |
| Consolidated ROE(5) |
15%-20% |
34.4% |
Delivered |
(1) Excludes one-offs (2) in combined non-bank revenue and at the end of the period (3) New economy refers to revenues generated from
energy and climate technologies, materials technologies and digital technologies (4) Non-bank and at the end of the period (5) Excludes
one-offs, at the end of the period
Summary Key Financials (TL Billion)
| Without IAS29 | 2019 | 2020 |
2021 |
2022 |
2023 |
CAGR |
|---|
| Combined Revenue* |
97.1 |
103.6 |
150.1 |
401.5 |
631.5 |
60% |
| Combined EBITDA** |
17.1 |
20.9 |
33.4 |
113.0 |
138.9 |
69% |
| Consolidated Net Income** |
3.8 |
5.2 |
9.7 |
34.6 |
41.3 |
82% |
| Consolidated ROE** |
12.2% |
14.5% |
22.6% |
45.4% |
34.4% |
|
* Excludes holding dividend income
** Excludes non-operational and non-recurring one off items. Share of parent company for consolidated net income
| With IAS29 | 2022 | 2023 | y/y |
|---|
| Combined Revenue |
763.2 |
811.1 |
6% |
| Combined EBITDA |
208.0 |
169.8 |
-18% |
| Consolidated Net Income
(Share of Parent Company) |
39.4 |
15.4 |
-61% |
| Consolidated ROE |
19.8% |
7.0% |
|
* As of 31.12.2023. Market values for listed assets, independent
valuation for Enerjisa Üretim, Sabancı Building Solutions and
Sabancı Climate Tec
Holding Only Net Cash Position (TL Billion)
Combined Net Financial Debt/EBITDA*
*Excludes banking and net cash position of financial services.
2019
2020
2021
2022
2023
2.2x
0.8x
Dividends Paid (TL Million)
DPS(TL)
0.30
0.33
0.35
0.75
1.75
2019
612
673
714
1,530
3,571
2020
2021
2022
2023
Combined Operational Cash Flow**
*Excludes financial services, banking and other segment
39%
2019
2020
2021
2022
2023
44%
Banking
27%
Energy
7%
Other
6%
Digital
6%
Industrials
5%
Financial Services
5%
Building
Materials
Combined Revenue Breakdown
Net Asset Value (NAV) Breakdown*
Combined EBITDA Breakdown
33%
Unlisted
NAV
3%
Cash
64%
Listed
NAV
* As of 31.12.2023. Market values for listed assets,
independent valuation for Enerjisa Üretim,
Sabancı Building Solutions and
Sabancı Climate Tec
Focusing on sustainable business across all sectors in Portfolio
Sabancı Holding has the most ambitious sustainability
roadmap among all Holding companies in Türkiye.
MSCI ESG Ratings
Jun-20
Oct-20
Mar-21
Dec-22
Dec-23
CDP Climate Change (CC)(1) & Water Security Program(2)
2019
2020
2021
2022
2023
Out of the 11 Sabancı Group companies that reported to the CDP Climate Change Program, an impressive
nine have ascended to leadership levels, with grades of A or A-: Sabancı Holding, Akçansa, Brisa, Carrefoursa,
Enerjisa Enerji, Enerjisa Üretim, Kordsa, Teknosa, Temsa
2023 Bloomberg
Gender Equality Index
1st and Only
Conglomerate from
Türkiye(3)
Sustainalytics
Low ESG Risk(4)
BIST
Sustainability
25
Index
(1) Global A List
(2) Leadership Level
(3) Twice in a row, GEI: Gender Equality Index
(4) Diversified Financials Category
Refinitiv ESG Assessment
2020
2021
2022
2023
11.2
37.9%
18.5%
4.4%
+4.6
million
million
Active Customer Base (million)
Active(1) Digital
Customers
(1) Based on MIS data. Active: Login in last 3 months
(2) w/o forbearances. Forbearance: Fixing MtM losses of securities & FX
rate for RWA calculation to 2022YE FX rate
RoE
CAR (2)
RoA
Since 2021YE
active customer
2021
2022
2023
8.5
10.8
13.1
18.7%
TL
21.1
billion
TL
1.6
billion
TL
1.2
billion
TL
3.3
billion
TL
27.3
billion
4.2 million
79%
6.7%
12.7%
101%
58%
Pension&Auto-Enrolment Market Share
Total Assets
Customers
Paid-in Capital
Shareholders’ Equity Growth
Net Profit
Life&Personal Accident Market Share
Shareholders’ Equity
Premium Production Growth
Premium Production
ROE
Market Share
10.7
million
3,792
MW
504
MW
1,780
26
Venture Capital
Investments in US
TL
34.3
billon
325,955
km
Customers
Installed Capacity
On-going Solar Power Plant
Investment in US
E-charging points
Power Plants
5 Investments in Funds and Startups
Regulated Asset Base
Distribution Network
1/2
42%
13.5
million
6,000+
1/3
100%
7 Tire Reinforcement,
5 Composite Plants
509
12x
61%
1st
12
31
of premium consumer
tires in Türkiye
FX in Revenue
Total Tire Production
Capacity
Point of Sales in 83
Countries
of every Passenger Car
Tire in the World
FX in Revenue
Production Facilities
R&D Patents
Growth in Sales
2020-2023(TL)
FX in Revenue
Hydrogen-fueled
intercity Bus in Türkiye*
*R&D Program on going together
with Caetano Bus.
Authorized Dealers
Authorized Services
7.1
million tons
5.8
million tons
23%
57%
23%
29%
3 integrated plants,
4 domestic terminals,
2 ports
4 integrated plants,
1 grinding station in the US,
5 international terminals
Capacity
Capacity
FX in Revenue
FX in Revenue
Alternative Fuel Usage in
Grey Cement
Alternative Fuel Usage in
Grey Cement
Production Facilities
Production Facilities
181
105K
m
2
1.9
billion
68%
31x
60
Countries
5
Countries
Stores
Sales Area
New Customer Acquisition
Growth in Online GMV
Growth in SKU numbers
Countries with Offices
1,047
564K
m2
3.6%
76%
173 million
Stores
Sales Area
Market Share
Online Sales Growth
Visitors
ENERJİSA ENERJİ
SABANCI HOLDİNG
ÇİMSA
BRISA
AKBANK
CARREFOURSA
KORDSA
AGESA
TEKNOSA
AKÇANSA
AKSİGORTA
28%
50%
20%
10%
20%
29%
11%
53%
50%
45%
21%
Resource: Central Securities Depository of
Türkiye, as of 31.12.2022
