Invest in Turkey -Financial Presentation-A.caner

8/13/2019 Invest in Turkey -Financial Presentation-A.caner

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EUROPE


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Austerity measures continue across Europe

Greek debt crisis has not led to financial contagion

Northern Europe (Germany/UK) in better shape than SouthernEurope (Spain/Italy/Greece)

Unemployment rates vary by region

Germany 5.7%, Austria 4.2%, Turkey, 10.2%

Spain 23.6%, Greece 21%

EUROPEAN ECONOMIC UPDATE


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4/22

Investment: 30% - $30 Million

ARM Holdings (Cambridge, England) Semiconductor Intellectual Property

Taiwan, France, India, Sweden, United States90% Smart Phones; 80% Digital Cameras; 28%

Electronic Devices

iPhones, iPads, iPods, Apple TV devices,Windows, PDAs, Nintendo handhelds, SonysPSP, GPS devices, portable music players, etc.

Zacks ranking = 1, Strong Buy

ARMH ARM HOLDINGS

www.arm.com; www.money.cnn.com; www.investorguide.com; www.zacks.com
http://www.arm.com/http://www.money.cnn.com/http://www.investorguide.com/http://www.zacks.com/http://www.zacks.com/http://www.investorguide.com/http://www.money.cnn.com/http://www.arm.com/


5/22

ARMH ARM HOLDINGS

This Quarter

03/2012Next Quarter

06/2012This Year

12/2012Next Year

12/2013Average Estimate 0.11 0.12 0.51 0.62

Number of Estimates 7 7 7 5Low Estimates 0.10 0.10 0.45 0.52High Estimate 0.12 0.13 0.56 0.72Year Ago EPS 0.08 0.11 0.42 0.51EPS Growth 41.07% 5.19% 21.77% 20.45%

www.zacks.com


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ARMH ARM HOLDINGS

Current Quarter Estimate 0.11 Next Report Date Apr 24, 2012

Next Quarter Estimate 0.12 EPS last quarter 0.12

Current Year Estimate 0.51 Last Quarter EPS Surprise 9.09%

Next Year Estimate 0.62 EPS (Trailing 12 Mos.) .42

Expected Earnings Growth 17.5% PE (forward) 54.63

Expected Sales Growth 8.16% ABR 3

Surprise - Reported Earnings History

12/2011 09/2011 06/2011 03/2011 Average Surprise

Reported 0.12 0.11 0.11 0.08Estimate 0.11 0.10 0.08 0.09

Difference 0.01 0.01 0.03 -0.01 0.01Surprise 9.09% 10.00% 37.50% -11.11% 11.37%

www.zacks.com


7/22

Per NASDAQ 4/19/12:

Stock Price $28.91

1 Year Target $33

ARMH ARM HOLDINGS

Number of Shares 1,037,703.20Year Current 1 year 2 year 3 year 4 year 5 year

Price per Share 28.91$ 33.00$ 37.62$ 42.89$ 48.89$ 55.74$

Target Increase 14% 14% 14% 14% 14%

Balance 30,000,000$ 34,244,206$ 39,038,394$ 44,503,770$ 50,734,297$ 57,837,099$

Profit 4,244,206$ 9,038,395$ 14,503,770$ 20,734,298$ 27,837,099$

ROI 14.1% 30.1% 48.3% 69.1% 92.8%

www.nasdaq.com


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Interest rates and bond valuation

Increases in interest rates are highly detrimental to bondvaluation

Impact is only realized if bond is sold prior to maturity Treasury notes are held to maturity

Currency exchange rates

Realized return from foreign treasury notes includesadjustment in exchange rates

Payments from purchases of European treasury notes willreflect variances in the Euro/Dollar exchange rate

FOREIGN BOND MARKET BASICS


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EURO/DOLLAR EXCHANGE RATE


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"The market is almost historically short of euros andlong of dollars, which will make it difficult to pusheuro/dollar lower," said Arne Lohmann Rasmussen,

head of currency research at Danske Bank inCopenhagen.

European bond valuation will not be adversely

affected by Euro/Dollar disparities

Euro/Dollar remains consistently above $1.30despite present debt concerns

EURO/DOLLAR EXCHANGE RATE


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SPANISH BOND YIELDS


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Investment of $20 million in 10 year Spanish treasury notes ata coupon rate of 6.03% compounded bi -annually

Bi-annual return = (0.0603/2) * $20,000,00

= 0.03015 * $20,000,000

= $603,000 return

Investment would produce a return of $603,000 every six

months for ten years, with a potential for reinvestment

Total realized return of $12,060,000

PROJECTED RETURN ON INVESTMENT


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Company engaged in copper mining and electricity p roduction.

Mining : Copper Production and Asphaltite Production.

Energy : Cogeneration energy plants for electricity, energy andvapor generation, and establishing power stations for thegeneration and dis tribution of electricity.

The Company is also involved in the production of fiber andfiber products from glass, mine and mine derivations.

PARK ELECTRIC AND MINING CO.


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Investment: 50 % - $50 Million

Turkey - Energy and Mining

Company : Park Elektrik Uretim Madencilik Sanayi ve TAS

Stock Investment

Bloomberg: PRKME TI / Reuters: PRKME IS

Financal Times : PRKME:IST

Park Electric and Mining is a subsidiary of Park Holding A.S

http://www.parkelektrik.com.tr



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Source : Financal Times Market Data


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19/22


20/22

Mining investments

Park Elektrik increased its concentrated copper capacity 750to 1.2mn tons/year

1.8mn tons/year which is planned to be completed in 2015

Asphaltite 135MW to 405MW in 2015 Park Elektrik will

triple its asphaltite production.



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Energy investments

The company plans to build 50.5MW "run of river type" of HEP Pin Diyarbakr with total capital expenditure of US$60mn for

which the production licence will be valid for 49 years.

Construction of the HEPP is expected to start in 2013 and willtake approximately three years for the plant to generaterevenues.



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REFERENCES
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Invest in Turkey -Financial Presentation-A.caner

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