ANADOLU GROUP IN · PDF fileANADOLU GROUP IN BRIEF May 2014 Anadolu Group; one of...

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1 ANADOLU GROUP IN BRIEF May 2014 Anadolu Group; one of Turkey’s leading conglomerates having subsidiaries operang in beer, soſt drinks, automove, retail, finance and energy sectors in 18 countries. Anadolu Group (“Group”) was founded in the early 1950’s by the Yazıcı and Özilhan families. The two families together holds controlling shareholdings at all Group companies directly through their respecve holding companies, Yazıcılar Holding A.Ş. and Özilhan Sınai Yarım A.Ş and/or indirectly through jointly owned holding company Anadolu Endüstri Holding A.Ş. The Group is structured and primarily managed in six principal sectors; beer, soſt drinks, automove, retail, finance, energy and other operaons, which include real estate development, tourism, IT, and healthcare services. The Group has strong experse in doing business in partnership with globally reputable companies and brands, such as Coca-Cola, SABMiller, Isuzu, Kia, Lombardini, Faber-Castell, McDonald’s and Johns Hopkins. The combined revenues of the Group as of year-end 2013 equal to approximately TL 11.8 billion. The total number of employees in the Group is around 29,000. HIGLIGHTS FROM OPERATIONS Beer Operaons The flagship company of Anadolu Group is Anadolu Efes, Biracılık ve Malt Sanayi A.Ş. (Anadolu Efes) established in 2000. Anadolu Efes came into existence through the merger of 5 beer, 2 malt factories, the first of which was established in 1969. Anadolu Efes is the leader in the Turkish beer market and also runs internaonal beer operaons through its subsidiaries. Anadolu Efes beer division operates in 6 countries (Turkey, Russia, Kazakhstan, Moldova, Georgia, and Ukraine) with 15 breweries producing a total beer capacity of 37.4 million hectoliters and 6 malteries with a total malt capacity of 247,600 tons. Anadolu Efes is Europe’s 5th largest and the world’s 10th largest brewer in terms of sales volume, holding leading market posions in most of the countries it operates. As of 12M13-end, Anadolu Efes generated sales volume figure of 86 mhl, with a yoy growth of 4%, and net sales revenues of TL 9,196 mn, with a yoy growth of 3%, on a proforma basis. Anadolu Efes is listed on Borsa Istanbul (BIST) with a market capitalizaon (Mcap) of approximately USD 7.1 billion as of April 2014-end. EBITDA, TL bn Breakdown of revenues, 2013 Anadolu Group at a glance... Operaons in 18 countries with more than 80 companies Diversified in beer, soſt drinks, automove, retail, finance and energy sectors Transparent porolio through 7 listed companies with total Mcap of app. USD 15bn. Total revenues TL 11.8bn. Total employees app. 29,000 Revenues*, TL bn *Excluding finance sector revenues

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Page 1: ANADOLU GROUP IN · PDF fileANADOLU GROUP IN BRIEF May 2014 Anadolu Group; one of Turkey’s leading conglomerates having subsidiaries operating in beer, ... with over 4,600 employees

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A N A D O LU G R O U P I N B R I E F

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Anadolu Group; one of Turkey’s leading conglomerates having

subsidiaries operating in beer, soft drinks, automotive, retail,

finance and energy sectors in 18 countries.

Anadolu Group (“Group”) was founded in the early 1950’s by the Yazıcı and

Özilhan families. The two families together holds controlling shareholdings at all

Group companies directly through their respective holding companies, Yazıcılar

Holding A.Ş. and Özilhan Sınai Yatırım A.Ş and/or indirectly through jointly owned

holding company Anadolu Endüstri Holding A.Ş.

The Group is structured and primarily managed in six principal sectors; beer, soft

drinks, automotive, retail, finance, energy and other operations, which include

real estate development, tourism, IT, and healthcare services. The Group has

strong expertise in doing business in partnership with globally reputable

companies and brands, such as Coca-Cola, SABMiller, Isuzu, Kia, Lombardini,

Faber-Castell, McDonald’s and Johns Hopkins.

The combined revenues of the Group as of year-end 2013 equal to approximately

TL 11.8 billion. The total number of employees in the Group is around 29,000.

HIGLIGHTS FROM OPERATIONS

Beer Operations

The flagship company of Anadolu Group is Anadolu Efes, Biracılık ve Malt Sanayi

A.Ş. (Anadolu Efes) established in 2000. Anadolu Efes came into existence

through the merger of 5 beer, 2 malt factories, the first of which was established

in 1969. Anadolu Efes is the leader in the Turkish beer market and also runs

international beer operations through its subsidiaries. Anadolu Efes beer division

operates in 6 countries (Turkey, Russia, Kazakhstan, Moldova, Georgia, and

Ukraine) with 15 breweries producing a total beer capacity of 37.4 million

hectoliters and 6 malteries with a total malt capacity of 247,600 tons. Anadolu

Efes is Europe’s 5th largest and the world’s 10th largest brewer in terms of sales

volume, holding leading market positions in most of the countries it operates.

As of 12M13-end, Anadolu Efes generated sales volume figure of 86 mhl, with a

yoy growth of 4%, and net sales revenues of TL 9,196 mn, with a yoy growth of

3%, on a proforma basis.

Anadolu Efes is listed on Borsa Istanbul (BIST) with a market capitalization (Mcap)

of approximately USD 7.1 billion as of April 2014-end.

EBITDA, TL bn

Breakdown of revenues, 2013

Anadolu Group at a glance...

Operations in 18 countries with more than 80 companies

Diversified in beer, soft drinks, automotive, retail, finance and energy sectors

Transparent portfolio through 7 listed companies with total Mcap of app. USD 15bn.

Total revenues TL 11.8bn.

Total employees app. 29,000

Revenues*, TL bn

*Excluding finance sector revenues

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Soft Drinks Operations

Coca-Cola İçecek A.Ş. (CCI), which is 50.3% owned by Anadolu Efes, runs Coca-Cola

bottling operations in 10 countries (Turkey, Kazakhstan, Azerbaijan, Pakistan,

Kyrgyzstan, Turkmenistan, Jordan, Iraq, Syria, Tajikistan) with 23 production

facilities yielding a total bottling capacity of 1,154million unit/case. CCI offers a

wide range of beverages, including sparkling beverages, juice, water, sports and

energy drinks, tea and iced teas to a consumer base close to 370 million people.

CCI is the 6th largest bottler in the Coca-Cola System in terms of sales volume.

As of 12M13-end, CCI generated sales volume figure of 1,058 mn u/c with a yoy

growth of 13% and net sales revenues of TL 5,186 mn, with a yoy growth of 17%.

CCI is listed on BIST with Mcap of approximately USD 6.0 billion as of April 2014-

end.

Automotive Operations

Anadolu Group has been active in the automotive sector since the begining of the

1960s. In the automotive sector, Çelik Motor imports and markets KIA branded

passenger cars and light commercial vehicles in Turkey and runs operational fleet

leasing operations with over 16,000 vehicles fleet size.

Anadolu Group is also a manufacturer in the automotive sector. Anadolu Isuzu

Otomotiv Sanayi ve Ticaret A.Ş. (Anadolu Isuzu) is one of the leading medium-size

coach manufacturing companies in Europe whose major shareholders are the

Anadolu Group ,Isuzu Motors and Itochu Co. Its main fields of operation are the

production and marketing of light duty trucks and midibuses. Since the

establishment of the company in 1984, more than 130,000 vehicles have been

manufactured in accordance with the Isuzu Motors license agreement.

Through Anadolu Motor company, Anadolu Group also produces generators,

engines, spare parts; imports and distributes Lombardini&Honda branded engines

and applications, LS, Landini, Solis branded tractors and Gallignani branded balers.

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Retail Operations

Anadolu Group’s retail operations as a manufacturer include import, production

and export of writing instruments in partnership with Faber-Castell (Adel

Kalemcilik) where Faber Castell has also a shareholding, and a leading production

company in edible oil sector with Komili and Kırlangıç brands in Turkey (Ana Gıda).

Anadolu Group has exclusive operating rights of McDonald’s in Turkey since 2005,

which is operating with 242 restaurants currently, with over 4,600 employees. The

Group also operates in IT and tourism sectors.

Finance Operations

The Group has operations in the banking sector with Alternatifbank A.Ş.,(Abank)

which is mainly active in commercial/corporate banking with a focus on the SME

segment. In July 2013, Anadolu Group (through various Group companies) has

completed the sale of its 70.84% total shares in Abank to Commercial Bank of

Qatar (CBQ); Anadolu Group now holds total of 25% stake in Abank.

Energy Operations

Anadolu Group is partners with Turkey-based Doğuş Holding and Turkey-based

Doğan Holding in Aslancık hydroelectric power plant in Black Sea region (120

MW), which has started production recently in March and is expected to be fully

operational in 3Q2014. Anadolu Group is also constructing a hydroelectric power

plant in Georgia (Paravani), with 85.5 MW capacity and expected to be completed

in 2014.

Other Operations

Anadolu Etap Tarım Ürünleri A.Ş., which is 33.3% owned by Anadolu Efes, has

joined Anadolu Group in 2009. The company is one of the largest investors in

organized agriculture in Turkey with around 24,000 hectares land plot and 2.5

million fruit plantations, in partnership with Brazilian Cultrale. Anadolu Etap also

manufactures fruit juice concentrate in Turkey and is currently a major fruit juice

and nectar concentrate supplier for Coca-Cola.

Anadolu Group also holds 23% share in in Polinas, a leading manufacturer in the

flexible packaging industry.

Credit Ratings

Aefes S&P

Moody’s

Local cur. BBB-

(stable outlook)

Foreign cur. BBB-

(stable outlook)

Baa3,

(negative outlook)

CCI Fitch

Moody’s

Local cur. BBB

(stable outlook)

Foreign cur. BBB

(stable outlook)

Baa3,

(stable outlook)

Abank Fitch Local currency BBB+

(stable outlook)

Foreign currency BBB

(stable outlook)

National: AA, (stable

outlook)

Corporate Governance Ratings

Aefes SAHA 9.42 out of 10.00

CCI SAHA 8.79 out of 10.00

Yazıcılar SAHA 8.50 out of 10.00

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CORPORATE SOCIAL RESPONSIBILITY

Anadolu Group pays special attention on corporate social responsibility projects.

Anadolu Education and Social Assistance Foundation has created more than 50

perpetual pieces in social fields, such as education and healthcare, since its

establishment in 1979. It is also granting scholarships every year to around 850

students; a total of over 20,000 scholarships have been granted thus far.

Anadolu Medical Center (Istanbul) has exclusive affiliation with Johns Hopkins

Medicine of Baltimore, USA and has the largest and technologically most advanced

healthcare investment in the region.

Anadolu Group has made major contributions to sports as well. Established in 1976,

Anadolu Efes Sports Club was the first Turkish basketball team that brought the

European Title to Turkey and the first and only Turkish basketball team that was

qualified for final four in Euroleague.

Anadolu Group also supports arts and culture with organizations of music festivals

and sponsorship of various projects each year. In the recent years, the Group has

been also very active in supporting new tourism projects especially in eastern

regions of Turkey.

Anadolu Group—Holding Companies, Bussiness Groups and Companies

For further information, please contact:

Anadolu Endüstri Holding A.Ş.

FSM Mah. Balkan cad. No:58 BUYAKA E

Blok Ümraniye—İstanbul—Turkey

T: 90 216 5788500

E:: [email protected]