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Investor Relations Activities March 2018
We thank you for your support of TAV IR at Extel 2018
We would like to kindly remind you that Extel Survey has started on March 14th and will be
closed on April 27th 2018.
We would be grateful if you could spare your time to participate in this survey and support
TAV Airports Holding (“TAV Havalimanlari Holding, or TAVHL”).
The survey is available at http://www.extelsurveys.com/quickvote.aspx
TAV Airports can be found under the «Transportation» category
Best regards,
Nursel İlgen, CFA
Director, Head of Investor Relations
http://ir.tav.aero
twitter.com/irTAV
facebook.com/irTAV
«Best Crisis Management»
The only Turkish Company to receive an award from IR Magazine in 2017!
Award winning IR Team – Thank You!
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EXTEL 2009 2010 2011 2012 2013 2014 2015 2016
Best CEO – Sani Sener 2 1 1 2 7 1 1 1
Best CFO – Burcu Geris 8 2 1 2
Best IR Officer - Nursel Ilgen, CFA 2 1 2 1 3 1 1 1
Best IR Officer - Ali Ozgu Caneri 10 2 8 3 13
Best IR Officer - Besim Meric 7 13 2 15
Best Company in IR 1 1 1 1 1
TUYID (objective review by KPMG based on scorecards) 2014 2015
Annual Report 1 1
Financial Disclosure 3 2
IR Website 3 2
One of the Top Companies in Corporate Governance in Turkey
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Sub-categories Weight Grade
Shareholders 25% 95.77
Public Disclosure and Transparency
25% 97.34
Stakeholders 15% 98.82
Board of Directors 35% 94.48
Total 100% 96.17
Corporate Governance Rating (out of 100) and Rank
0
1
2
3
87.0
88.0
89.0
90.0
91.0
92.0
93.0
94.0
95.0
96.0
97.0
2010 2011 2012 2013 2014 2015 2016 2017
Rating Rank
Included in BIST Corporate Governance Index since September 2009 Included in BIST Sustainability Index since initiation of the index; i.e. November 2014
Award Winning IR Website
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AWARDS 2015 TUYID (Turkish Investor Relations Society), Best IR Website in Turkey - second place 2014 TUYID (Turkish Investor Relations Society), Best IR Website in Turkey - third place
2013 Interactve Media Awards 'Transportation', “IMA Outstanding Achievement” Award 2012 Extel 2012, Best IR Website in European Transport Sector –second place”
2011 Interactve Media Awards 'Transportation', “IMA Outstanding Achievement” Award W3 Awards “Financial Services” Category “Silver Award” Thomson Reuters and Acclaro, “Best Investor Relations Website – third place”
2010 Thomson Reuters and Acclaro , “Best Investor Relations Website – second place”
2009 Thomson Reuters and Acclaro , “Best Investor Relations Website – winner”
Top Annual Reports in the World and in Turkey
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2010 Annual Report Best of Show, ARC Awards Best of Turkey, ARC Awards Best Cover Design, ARC Awards Golden Award, Transportation and Logistics, LACP First 50 in EMEA, LACP First 10 in Turkey, LACP Golden, Airport Operators, Galaxy Awards, Platinum Award,Vision Awards, 10th in top 50, Vision Awards Platinum Award, Infrastructure and Transportation, Spotlight Awards Top 100 Communication Materials, Spotlight Awards Gold, Most Creative, Spotlight Awards
2012 Annual Report Gold, Report Content Design, ARC Awards. Gold, Text , ARC Awards. Gold, Non-Traditional Report , ARC Awards. Honor, Illustration, ARC Awards Gold, Transportation and Logistics, LACP Silver, Airport Operations, LACP Best 20 Reports in Turkey, LACP Bronze, Transportation, Galaxy Awards
2011 Annual Report Best of Financial Data, ARC Awards Best of Non-Traditional Reports, ARC Awards Gold, LACP Gold, Creativity Awards
2013 Annual Report Best Annual Report in Turkey, TUYID Gold, Spotlight Awards, LACP Silver, Transportation, LACP First 50 in EMEA, LACP
2014 Annual Report Best Annual Report, TUYID
2015 Annual Report Platinum Award, LACP Most Improved Report in EMEA, LACP Top 25 Turkish Reports, LACP Chairman’s Letter (Gold), ARC Summary Annual Review (Gold), ARC Financial Data(Bronze), ARC
One of the Most Active Mid-Cap Investor Relations Programmes in Europe
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High level of senior management commitment to investor engagement
TAV Investor Relations ranks in the top statistical brackets in “One-on-One Meetings” and “Number of Broker Conferences Attended” International Roadshows & Conferences: Europe: London, Edinburgh, Frankfurt, Munich, Paris, Warsaw, Milan, Stockholm, Amsterdam, Zurich North America: New York, Boston, Los Angeles, Toronto Middle East: Dubai, Abu Dhabi Far East: Singapore
(*) IR Magazine, Global Investor Relations Practice Report
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17 20
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11 10 12
0
5
10
15
20
25
0
100
200
300
400
500
600
700
800
2010 2011 2012 2013 2014 2015 2016 2017
# of investors Conferences/Roadshows
Extensive relations with the market
Extensive relations with the market
Covered by 30 analysts
In-house consensus collection each quarter
Mailing list of +2500 analysts, fund managers and retail investors
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Extensive disclosure on major material events
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Excellent Data Access
All historical financial and operational data consolidated to one single excel file on the IR website.
Updated in real-time.
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Detailed and Realistic Operational and Financial Guidance
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Clear-cut written official financial and non-financial guidance provided for six years.
Ataturk Airport International Pax TAV Group Pax Revenue EBITDA/EBITDAR Net Profit CAPEX
One of Turkey’s Top IR Websites*
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Comprehensive Quarterly Earnings Releases Detailed Investor Presentations
Historical Financial and Operational Data
Material Event Disclosures
And Much More.... Updated in Real Time (as soon as the KAP disclosure is made)
Global Pioneer in Usage of Social Media in IR
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Established Twitter and Facebook pages in April 2011
Active usage of social media as a disclosure tool
TAV Airports Investor Relations Mobile Application
One of the first companies to adopt a mobile Investor Relations Application
3800 iOS 700 Android users
Developed fully in house by TAV Technologies
Most content available on website also available on mobile application
Updated in real-time
Real-time push alerts
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Contributing to the Investment Community
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Presiding Turkish Investor Relations Society (TUYID) since February 2017
On the Board of Turkish Corporate Govenance Association (TKYD) since March 2015
TAV Airports Holding Board Member and CEO Dr. Sani Sener Speaking at Turkish Investor Relations Society (TUYID) Summit (12 December 2017)
Shareholder Structure and Share Price (23% outperformance since 2017) *
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1M 3M 2017 to Date
TRY 15% 15% 87%
USD 13% 15% 72%
Relative to BIST -100 11% 5% 23%
Share Performance (March 13, 2018)
Closing Price (TRY) 24.86
Market Cap USD 2.3bn
Avg. Daily Volume** USD 9.5m
Free Float* 44%
Effective Free Float* 44%
Foreign Ownership
~90%
* Source: Central Registry Agency (MKK) ** 2017 yearly average
3.0
4.0
5.0
6.0
7.0
8.0
9.0
10.0
13.
03.
201
83
0.0
1.20
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18.
12.
201
70
6.1
1.20
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25.
09.
201
70
9.0
8.20
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28.
06.
201
71
2.0
5.20
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30.
03.
201
71
6.0
2.20
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05.
01.
201
72
4.1
1.20
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13.
10.
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62
5.0
8.20
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07.
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63
0.0
5.20
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04.
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60
4.0
3.20
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22.
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61
0.1
2.20
15
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10.
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51
4.0
9.20
15
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08.
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51
9.0
6.20
15
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05.
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52
4.0
3.20
15
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52
9.1
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14
17.
11.
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40
1.1
0.20
14
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201
40
4.0
7.20
14
23.
05.
201
40
8.0
4.20
14
25.
02.
201
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TAVHL ($)
(*) Between 2017 and March 13th, relative return vs. BIST-100 Index
5.06%
1.29%
3.20%
44.33%
46.12%
Shareholder Structure (as of March 2018)
Shareholders
1
2
3
4
5
*Through Tank oWA Alpha GMBH
1. Groupe ADP* Internationally acclaimed airport operating company with global operations
2. Tepe Insaat Sanayi A.S. Turkish integrated conglomerate focused on infrastructure and construction
3. Sera Yapi Endustrisi A.S. Focused on construction in Turkey & MENA region
4. Other Non-floating
5. Other Free Float
Note: Groupe ADP bought Akfen Holding’s 8.12% stake in TAV Airports as of July 7, 2017
Contact IR
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IR Team About TAV Airports
Nursel İLGEN, CFA Director, Head of Investor Relations nursel.i [email protected] Tel :+90 212 463 3000 / 2122 Fax : +90 212 465 3100
Besim MERİC Investor Relations Coordinator [email protected] Tel :+90 212 463 3000 / 2123 Fax : +90 212 465 3100
Ali Ozgu CANERİ Investor Relations Coordinator [email protected] Tel :+90 212 463 3000 / 2124 Fax : +90 212 465 3100
IR Website http://i r.tav.aero
e-mail i [email protected]
Phone +90-212-463 3000 (x2122 – 2123 – 2124 - 2125)
Twitter twitter.com/irTAV
Facebook facebook.com/irTAV
Address TAV Airports Holding Co. Is tanbul Ataturk Airport International Terminal (Besides Gate A and VIP)
34149 Yes ilkoy, Istanbul
Turkey
Georgia
Tunisia
Macedonia
Saudi Arabia
Latvia
Croatia
Istanbul Ataturk Ankara Esenboga Izmir Adnan Menderes
Gazipasa Alanya Milas Bodrum
Tbilisi and Batumi
Monastir and Enfidha
Skopje and Ohrid
Medinah Yanbu, Hail & Qassim*
Riga (only commercial areas)
Zagreb
TAV Airports through i ts affiliates and subsidiaries, in auxiliary ai rport services including duty free, food and beverage, ground handling services , IT, securi ty and operation services. As part of these diversified services TAV Airports also operates the duty-free, food and beverage and other commercial areas at Riga Airport in Latvia. In 2017, the company
provided services for 836K flights and more than 115 million passengers . The Company’s shares are listed in Borsa Istanbul since February 23, 2007, under the ticker code “TAVHL”
* The airports are planned to be taken over by year-end
Disclaimer
This presentation does not constitute an offer to sell or the solicitation of an offer to buy or acquire any shares of TAV Havalimanlari Holding A.S. (the "Company") in any jurisdiction or an inducement to enter into investment activity. No information set out in this document or referred to in such other written or oral information will form the basis of any contract.
The information used in preparing these materials was obtained from or through the Company or the Company’s representatives or from public sources. No reliance may be placed for any purposes whatsoever on the information contained in this presentation or on its accuracy, completeness or fairness. The information in this presentation is subject to verification, completion and change. While the information herein has been prepared in good faith, no representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by the Company or any of its group undertakings, employees or agents as to or in relation to the accuracy, completeness or fairness of the information contained in this presentation or any other written or oral information made available to any interested party or its advisers and any such liability is expressly disclaimed. This disclaimer will not exclude any liability for, or remedy in respect of fraudulent misrepresentation by the Company.
This presentation contains forward-looking statements. These statements, which may contain the words “anticipate”, “believe”, “intend”, “estimate”, “expect” and words of similar meaning, reflect the Company’s beliefs, opinions and expectations and, particularly where such statements relate to possible or assumed future financial or other performance of the Company, are subject to risks and uncertainties that may cause actual results to differ materially. These risks and uncertainties include, among other factors, changing business or other market conditions and the prospects for growth anticipated by the management of the Company. These and other factors could adversely affect the outcome and financial effects of the plans and events described herein. These forward-looking statements speak only as at the date of this presentation. The Company expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Past performance cannot be relied upon as a guide to future performance. As a result, you are cautioned not to place reliance on such forward-looking statements.
Information in this presentation was prepared as of March 13, 2018.
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