Turkey is moving ahead into the future while continuing to make significant breakthroughs.

Likewise, we, as Global Investment Holdings work with all our might and do our utmost to propel the country forward. Aiming to carve out a tomorrow even better than today, we continue to create value and take steps to achieve future growth and development in the port, real estate, finance and energy sectors.

We are fully aware that success does not depend on chance but rather on keen insight stemming from deep experience and a “precise” vision for the future while taking appropriate actions to achieve this vision. Adhering to the approach that “the past is the best ground on which to build a sound future”, we are inspired by success stories throughout the human history, to create today the values of tomorrow.

In order to better describe Global Investment Holdings’ accomplishments, our 2012 Annual Report includes individuals who introduced unique innovations that we use today and that will continue to serve as the basis for the future, and who were able to envision and shape tomorrow during the time they lived.

Please click the link below to review Global Yatırım Holding’s 2012 Annual Report that illustrates our difference and to learn our past, present and outlook for tomorrow.

http://www.gyhannualreport.com

Please contact the Investor Relations Department to receive a hard copy.

Sincerely,

investor@global.com.tr
ir.globalyatirim.com.tr
www.globalyatirim.com
facebook.com/GLYHOIR
twitter.com/GLYHOIR

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Saygın Narin, the CEO of GPH, said “We, as GPH, have been targeting organic growth till now while revamping efficiency, systems and marketing processes in our Turkish ports. Having also successfully integrated our three ports, we are currently focusing on inorganic growth. We aim to add new ports, domestic and international into our portfolio. In that vein, we completed the acquisition of 62% of the Port of Bar today. We are excited about this transaction also because it is the first time a Turkish company acquires the majority ownership of a port operation overseas.”

About GYH

Global Yatırım Holding A.Ş. (GYH) was regrouped as a holding company in October 2004 to hold a diversified portfolio of investments in a number of businesses, including infrastructure, real estate, energy, and financial services. GYH is listed on Borsa Istanbul (as GLYHO.IS) and utilizes its experience in the finance sector for industrial business opportunities.

About GPH

Global Ports Holding (Global Ports) has been established to utilize commercial and cruise port opportunities in Turkey and the Mediterranean area. Global Ports is a unique port group and operator in Turkey, currently managing three leading cruise and commercial ports. Since 2003, the Global Ports has developed a portfolio of strategically located ports in Turkey, each providing exceptional hinterland access with strong market demand fundamentals. Global Port is also the largest port operator with 50% of the Turkish cruise port market on the basis of number of cruise passengers received in 2012.

The post Global Ports Holding Completes the Acquisition of 62% of Port of Bar appeared first on Global Yatırım Holding.

On November 11, 2013, GPH, a 100% subsidiary of Global Yatırım Holding (GYH), announced the acquisition of 23% of Creuers through BPI in partnership with Royal Caribbean Cruises Ltd., one the world’s leading cruise operators. Creuers operates Europe’s largest cruise port, the Port of Barcelona with a passenger capacity of 1.8mn, and is the majority shareholder of the Malaga Cruise Port and the minority shareholder of the Singapore Cruise Port.

On December 30, 2013, GPH acquired additional 20% of Creuers shares through BPI, and thus increased its holding to 43% of Creuers.

Mr. Narin, the CEO of GPH, indicated that the shipping industry entered a new era with the addition of the Port of Barcelona into the GPH portfolio. Having focused on organic growth and consolidation of its existing ports for the past three years, GPH was ready to press the button to become one of the leading commercial port operators regionally and the number one cruise operator globally. In that vein, GPH completed the acquisition of 62% of the Port of Bar in Montenegro. And now, with the acquisition of the Ports of Barcelona, Malaga and Singapore, the total passenger traffic of GPH has reached 3.5mn.

About GYH

Global Yatırım Holding A.Ş. (GYH) was regrouped as a holding company in October 2004 to hold a diversified portfolio of investments in a number of businesses, including infrastructure, real estate, energy, and financial services. GYH is listed on Borsa Istanbul (as GLYHO.IS) and utilizes its experience in the finance sector for industrial business opportunities.

About GPH

Global Ports Holding (Global Ports) has been established to utilize commercial and cruise port opportunities in Turkey and the Mediterranean area. Global Ports is a unique port group and operator in Turkey, currently managing three leading cruise and commercial ports. Since 2003, the Global Ports has developed a portfolio of strategically located ports in Turkey, each providing exceptional hinterland access with strong market demand fundamentals. Global Port is also the largest port operator with 50% of the Turkish cruise port market on the basis of number of cruise passengers received in 2012.

The post Global Ports Holding increases its stake in Port of Barcelona to 43% appeared first on Global Yatırım Holding.

Global Yatırım Holding’s (GYH or the Company) Corporate Governance Rating Grade that previously stood at 8.80 was raised to 8.86 for the period of 26.11.2013 – 26.11.2014.

Based on the Capital Markets Board’s Corporate Governance principles of February 2013, GYH was rated 8.86 out of 10 and, as such, found suitable to remain in the BIST Corporate Governance Index during the period of 26.11.2013-26.11.2014.

Adnan Nas, Board and Corporate Governance Committee Member of GYH, emphasized that the Corporate Governance Compliance Rating as provided by Kobirate Corporate Governance Rating Company was based on the CMB and BRSA’s regulations as well as standards of code of conduct and corporate governance of OECD and IOSCO. Mr. Nas also stated that Corporate Governance Principles were the most important reference points in the areas of institutionalization and sustainability of companies.

Indicating that Corporate Governance Compliance Rating was critical in raising transparency and accountability of the Company, Nas said that GYH remained committed to further improving its corporate governance rating.

www.globalyatirim.com.tr

Further Information:
investor@global.com.tr

About GYH

Global Yatırım Holding A.Ş. (GYH) was regrouped as a holding company in October 2004 to hold a diversified portfolio of investments in a number of businesses, including infrastructure, real estate, energy, and financial services. GYH is listed on Borsa Istanbul (as GLYHO.IS) and utilizes its experience in the finance sector for industrial business opportunities.

The post Global Yatırım Holding´s Corporate Governance Rating has increased from 8.80 to 8.86. appeared first on Global Yatırım Holding.

The statement released by JCR Eurasia Rating emphasizes that GYH’s total gross revenue and cash generating capacity continues its upward trend stemming from higher operational performance in all business units of GYH in 2013, in particular those of its port activities, mainly driven by Port Akdeniz and investments in the fields of energy supported by compressed natural gas and mining operations, REIT portfolio and financial sector. Although Global Liman İşletmeleri’s increased debt burden suppresses its ability to distribute dividends, a major contribution to the Company’s consolidated revenue; JCR is of the opinion that this adversity is expected to be eliminated through increased market share, net sales and additional contributions of newly purchased ports.

According to the statement, a decoupling factor for GYH is value creation and consequent cash conversion through the process of purchase or sale of assets in appropriate market conditions. Such strategies have caused sporadic movements in the composition of the Company’s financial structure in the first nine-month period of 2013.

JCR further adds that “On the other hand, taking into consideration the ever-growing structure of revenues from the sale of natural gas and the support by increasing cash generation potential for growth through the acquisition of a portion of the shares of the Ports of Montenegro, Singapore, Barcelona and Malaga within the scope of “Private Equity” function along with liquidity that can be supplied from national and international markets, GYH’s ‘BBB (Trk)’ note on the Long Term National Scale assigned by JCR Eurasia Rating on October 1, 2013 is assessed to be within the tolerance level referred by the assigned note and risk levels, and ‘BBB-‘note on the Long Term International Scale to be within the country ceiling note assigned for the Republic of Turkey in the sovereign rating category.”

The details of the revised ratings are provided in the table below:

www.globalyatirim.com.tr

For Detailed İnformation

Optima İletişim/0212 347 79 11/ Cihan Kardeşler / cihan@optima-tr.com

investor@global.com.tr

About GIH:

Global Yatırım Holding A.Ş. (GYH) was regrouped as a holding company in October 2004 to hold a diversified portfolio of investments in a number of businesses, including infrastructure, real estate, energy, and financial services. GYH is listed on Borsa Istanbul (as GLYHO.IS) and utilizes its experience in the finance sector for industrial business opportunities

The post JCR Eurasia Rating has affirmed the Long Term National Local Rating of ‘BBB (Trk)’ along with ‘Stable’ outlooks for all notes of GHY appeared first on Global Yatırım Holding.

Global Ports Holdings (the Company or GPH) has, through privatization, acquired the unlisted 62% share of the Port of Bar. This is the first time a Turkish company acquires the majority ownership of a port operation overseas, as has been indicated by Saygın Narin, the CEO of GPH.

GPH, the only operator of three leading commercial and cruise ports in Turkey, has been awarded the concession agreement for 30 years to repair, finance, operate and maintain the general freight and cargo terminal in the city of Bar, Montenegro as the winner of the tender held jointly by the Montenegro Ministry of Transport&Maritime and the Montenegro Port Authority. In a ceremony held on the Bar Port on November 15th 2013, a Turkish company for the first time acquired a majority stake in an international port.

GPH brought 62% of the Port of Bar into its portfolio for a total cost of c. Euro30mn. The acquisition is the first investment of GPH abroad as well as being the first ever Turkish acquisition of a controlling stake in an overseas port operation.

Aims to expand abroad

Mr. Narin indicated that the shipping industry entered a new era with the addition of the Bar Port into the GPH portfolio. He also added that GPH, having focused on organic growth and consolidation of its existing ports for the past three years, was now ready to press the button to become one of the leading commercial port operators regionally and the number one cruise operator globally with a total passenger traffic of 3.5mn.

Narin said “We have been targeting organic growth till now while revamping efficiency, systems and marketing processes in our Turkish ports. Having also successfully integrated our three ports, we are currently focusing on inorganic growth. We aim to add new ports, domestic and international into our portfolio. In that vein, we acquired 62% of the Port of Bar and more acquisitions are on the way.

The truck traffic will shift to Bar

Narin underlined that the Port of Bar had a throughput of 35.000-40.000 containers in an area of 400.000-450.000sqmt yet it could expand up to 1mn containers as a result of some infrastructure works to be carried.

Narin continued: “We aim to direct the Serbian traffic back to the port to increase utilization. There is a railway to the port which is not very active, we will utilize this railway more actively. Also, the Port of Bar will be able to serve the European countries in the vicinity. Of course, I should add that some portion of the truck traffic from Turkey to Europe and from Europe to Turkey will shift to the Bar Port. Additionally, the Port has very large warehouses; we aim to build a logistics center around these. Finally, the Port has a potential to become a new route for the cruise ships. Therefore, we plan to build a cruise pier in the Port. We will contribute to the economy of the country with the cruise pier as well.”

www.globalyatirim.com.tr
http://www.globalports.com.tr

Further Information
investor@global.com.tr

About GIH

Global Yatırım Holding A.Ş. (Global Investment Holdings) was regrouped as a holding company in October 2004 (www.globalyatirim.com.tr) to hold a diversified portfolio of investments in a number of businesses, including infrastructure, real estate, energy, and financial services. Global Investment Holdings is listed on Borsa Istanbul (as GLYHO.IS) and utilizes its experience in the finance sector for industrial business opportunities.

About GPH
Global Ports Holding (Global Port) was established to utilize commercial and cruise port opportunities in Turkey and the Mediterranean area. Global Ports is a unique port group and operator in Turkey, currently managing three leading cruise and commercial ports. Since 2003, the Global Ports has developed a portfolio of strategically located ports in Turkey, each providing exceptional hinterland access with strong market demand fundamentals. Global Port is also the largest port operator with 50% of the Turkish cruise port market on the basis of number of cruise passengers received in 2012.

The post The Port of Bar Tender has been Finalized appeared first on Global Yatırım Holding.

GIH announced its financial results for the first nine months of 2013. According to the disclosure, consolidated net revenues reached TL182.8mn compared to TL124mn for the same period last year, representing an increase of 47%. This increase is due to robust operating performance of all of the business divisions in the Group with the Port and Energy Divisions being the largest contributors to consolidated revenues.

Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) amounted to TL97.1mn, including TL54.5mn goodwill gain from asset acquisitions. The comparable figure for the same period for 2012 was TL181.5mn incorporating a TL150.2mn gain from asset sales.

On a divisional basis, the Group’s Port Division revenues reached TL107.4mn in the nine months of 2013, representing an 18% increase over the same period of 2012. Commercial port activities, and in particular the operational performance of the Port of Antalya were instrumental in the increase. The division’s normalized EBITDA (adjusted for non-recurring project expenses) was TL69.3mn in the first nine months of 2013, compared to an EBITDA of TL58.8mn in the first period of 2012, representing an improvement of 18%.

The Group’s Energy Division revenues in the first nine months of 2013 were comprised of CNG and feldspar mining sales amounting to TL41.4mn. EBITDA of the Division stood at TL51.5mn in the first nine months of 2013 compared to TL-9.6mn for the same period last year. 2013 EBITDA included negative goodwill gain of TL54.5mn arising from the acquisition of energy assets.

Finally, GIH reported a net loss figure of TL16mn in Q3 2013 with the main reasons being foreign exchange differences amounting to TL28.9mn incurred on Group’s long term loans and depreciation and amortization charges of TL39.0mn triggered by asset acquisitions. Also, as a result of dividend distribution deferred taxes increased to TL11.2mn in 2013.

Kerem Eser, the Chief Financial Officer of the Group, referring to the continuous double digit growth in the operational performance of existing ports and the recent acquisition of new port assets, stated that the management is pleased with Group’s cash generating capacity. In fact, Mr. Eser underlined that all business segments were cash positive in the third quarter of 2013. Finally, Mr. Eser mentioned that the main focus of the Group would continue to remain on profitability and receiving sustained cash dividends from investments in mainly energy, mining and real estate.

www.globalyatirim.com.tr

Further Information:
investor@global.com.tr

About GIH

Global Yatırım Holding A.Ş. (Global Investment Holdings) was regrouped as a holding company in October 2004 (www.globalyatirim.com.tr) to hold a diversified portfolio of investments in a number of businesses, including infrastructure, real estate, energy, and financial services. Global Investment Holdings is listed on Borsa Istanbul (as GLYHO.IS) and utilizes its experience in the finance sector for industrial business opportunities.

The post Global Investment Holdings Announces Consolidated Net Revenues of TL182.8mn and EBITDA of TL97.1mn in the first nine months of 2013 mounths of 2013 appeared first on Global Yatırım Holding.

Zafer Çağlayan, the minister of Economy delivered the award to Reysaş, the winner of the annual “Logistics Projects Competition”. Presenting the award to Rasih Boztepe, the Vice Chairman of the Board at the opening of Sixth Mersin Logistics and Transport Fair, Mr. Çağlayan emphasized the importance of CNG conversion for trucks and other heavy commercial vehicles in an ecological approach.

Naturelgaz has already successfully completed the conversion of 30 Mercedes Axor trucks along the “Gas Sales and Vehicle Conversion” contract with Reysaş Lojistik, and plans to expand on the conversion numbers in 2014 has been influential in Reysas’ success in the competition.

Project Conversion Target: 200 vehicles

Within the framework of the CNG conversion and gas supply agreement between Naturelgaz and Reysaş Lojistik, Project Conversion Target has been defined as 200 vehicles. According to the operational data from the first 30 converted trucks, Reysaş has achieved significant savings on fuel expenses as compared to diesel. Furthermore, CNG conversion of 200 trucks has enabled an annual decrease of 33,725 tons in greenhouse gas emissions. As such, contributing to Reysaş’ eco-friendly stance, Naturelgaz continues to build on its environmentally-friendly performance. Truck conversion will expand in parallel to the growth in CNG refueling station infrastructure with Naturelgaz expecting to convert 80 Reysaş trucks in coming period.

www.naturelgaz.com

www.globalyatirim.com.tr

The post Reysaş Lojistik won Green Logistics Award with the trucks which are converted by Naturelgaz appeared first on Global Yatırım Holding.

According to the statement, taking into consideration the dominant shareholders’ financial strength and desire to support the Company, the scale of the Company, planned projects and sectorial expansion, GYH’s Sponsor Support grade has been upgraded to (2), denoting an adequate level. The Stand Alone grade of the Company has been also upgraded to (B) considering the ability of the Company to manage its undertaken incurred risks, internal resource generation and current level of capitalization.

The details of the revised ratings are provided in the tables below:

www.globalyatirim.com.tr

For Detailed İnformation
investor@global.com.tr

About GIH

Global Yatırım Holding A.Ş. (Global Investment Holdings) was regrouped as a holding company on October 2004 (www.globalyatirim.com.tr) to hold a diversified portfolio of investments in a number of businesses, including infrastructure, real estate, energy, and financial services. Global Investment Holdings is listed on Borsa Istanbul (as GLYHO.IS) and utilizes its experience in the finance sector for industrial business opportunities.

The post JCR Eurasia Rating has upgraded the Long Term National rating to ‘BBB (Trk)’ from ‘BBB-(Trk)’ while assigning ‘Stable’outlooks for all grades of GYH and its subsidiaries appeared first on Global Yatırım Holding.

Taking into account the Company’s internal fund generating capacity, balance sheet composition, business structure, group synergy, market penetration, increasing interest of foreign institutions, the organic and inorganic growth potential domestically and internationally, foreign currency revenue generating capacity, the capability to access long term resources and the risks and opportunities offered by the current economic conjuncture, the Company’s long-term international foreign currency grade has been confirmed as BBB-, the sovereign national ratings of the Republic of Turkey.

The level of the shareholders’ willingness to provide support to the Company and its financial strengths has been assessed as (2) in the Sponsor Support category and the Company’s ability to manage the risks undertaken within its own capabilities has been assessed as (AB) in the Stand-Alone category. While the (AB) notation in Stand Alone category denotes a “high” level based on JCR Eurasia’s notation system and showed that the institution will fulfill its obligations without external support, with the notation of (2) indicating an adequate level of external support.

The details of the revised ratings are provided in the tables below:

Global Liman İşletmeleri A.Ş. Istanbul – May 23, 2013 Istanbul – June 18, 2012
Long Term International Foreign Currency BBB- / (Stable Outlook) BBB-/ (Stable Outlook)
Long Term International Local Currency BBB- / (Stable Outlook) BBB- / (Stable Outlook)
Long Term National Local Rating A- (Trk) / (Stable Outlook) A- (Trk) / (Stable Outlook)
Short Term International Foreign Currency A – 3 / (Stable Outlook) A – 3 / (Stable Outlook)
Short Term International Local Currency A – 3 / (Stable Outlook) A – 3 / (Stable Outlook)
Short Term National Local Rating A-1+ (Trk) / (Stable Outlook) A-1+ (Trk) / (Stable Outlook)
Sponsor Support 3 2
Stand Alone B AB

www.globalyatirim.com.tr

For Detailed İnformation
investor@global.com.tr

About GIH

Global Yatırım Holding A.Ş. (Global Investment Holdings) was regrouped as a holding company on October 2004 (www.globalyatirim.com.tr) to hold a diversified portfolio of investments in a number of businesses, including infrastructure, real estate, energy, and financial services. Global Investment Holdings is listed on the Borsa Istanbul (as GLYHO.IS) and utilizes its experience in the finance sector, for industrial business opportunities.

About Global Ports Holding

Global Ports Holding (Global Port) was established to utilize commercial and cruise port opportunities in Turkey and the Mediterranean area. Global Ports Holding is a unique port group and operator in Turkey, currently managing three leading cruise and commercial ports. Since 2003, the Global Ports Group has developed a portfolio of strategically located ports in Turkey, each providing exceptional hinterland access with strong market demand fundamentals. Global Port is the largest port operator having 50% of cruise port market of Turkey on the basis of number of cruise passengers received in 2012.

The post JCR Eurasia Rating has affirmed a high investment grade credit rating of ‘A- (Trk)’ on the Long Term National Scale along with a ‘Stable’ outlook to “Global Liman İşletmeleri A.Ş.” appeared first on Global Yatırım Holding.