Embed Size (px)
Citation preview
1
FOUNDATION 1951
35,000+ EMPLOYEES 300+ INVESTMENTS
28 COUNTRIES 7 SECTORS: Automotive, Construction, Media, Tourism and Services, Real Estate,
Energy Food & Beverage, and New Initiatives
Combined total assets under management; TL 376 billion (2016)
S&P (BB-, trA) & Moody’s (Ba1)
2
Founded in 1951, Doğuş Group has taken its place among the leadingconglomerates in Turkey. Adopting a global vision, Doğuş Group isactive in seven core businesses: automotive, construction, media,tourism and services, real estate, energy and F&B. In addition, the Groupsustains its growth with new investments in the areas of technologyand entertainment.
Doğuş Group is aware of its responsibilities and acts in accordance witha vision that includes leading by example and contributing toeconomic development.
The group plays a significant role in the Turkish economy by creatingnumerous employment opportunities and generating high levels ofbusiness volume.
Doğuş Group’s corporate social responsibility strategy is to supporteconomic, social and environmental development and increase thelevel of prosperity by creating innovative and sustainable businessmodels in every sector and region.
DOĞUŞ GROUP
3
OPERATIONAL MAP
4
DO
ĞU
Ş H
OLD
ING
S
HA
RE
HO
LDIN
G S
TR
UC
TU
RE
80,3%
10,3%
4,7%3,7% 1,1%
Şahenk Family
Doğuş Araştırma Geliştirme Ve Müşavirlik Hizmetleri Anonim Şirketi
Garanti Turizm Yatırım Ve İşletme Anonim Şirketi
Doğuş Otomotiv Servis Ve Ticaret Anonim Şirketi
Other
5
Ferit F. ŞahenkChairmanFerit F. Şahenk is the Chairman of DoğuşGroup and also the Chairman of GarantiBank. Formerly, he served as the founder andVice President of Garanti Securities, CEO ofDoğuş Holding and Chairman of DoğuşOtomotiv. Mr. Şahenk is a Board Member ofthe Foreign Economic Relations Board (DEİK)of Turkey. Previously, he served as theChairman of the Turkish-German BusinessCouncil; the Chairman of the Turkish-American Business Council; Vice Chairman ofTurkish-United Arab Emirates BusinessCouncil and Executive Board Member ofTurkish-Greek Business Council of DEİK. Mr.Şahenk is an active member of the WorldEconomic Forum and the Alliance ofCivilizations Initiative. He serves on theRegional Executive Board of MassachusettsInstitute of Technology (MIT) Sloan School ofManagement for Europe, Middle East, SouthAsia and Africa and Advisory Board of theMiddle East Centre of London School ofEconomics. Mr. Şahenk holds a Bachelor’sdegree in Marketing and Human Resourcesfrom Boston College.
Süleyman SözenVice ChairmanA graduate of Ankara University Faculty ofPolitical Sciences, Süleyman Sözen worked in
the Ministry of Finance and theUndersecretariat of the Treasury as a ChiefAuditor. Since 1981, he has worked in theprivate sector in various posts especially infinancial institutions. A Certified PublicAccountant, Mr Sözen has worked at DoğuşHolding since 1997 and presently serves asthe Vice-Chairman of Garanti Bankası. Healso sits on the boards of other Doğuş Groupcompanies as Chairman or Vice-Chairman.
Hüsnü AkhanCEO of Doğuş GroupHüsnü Akhan was born in Birecik/Şanlıurfa onthe 23rd of January, 1953. He completed hisprimary and secondary education at BirecikHigh School. Hüsnü Akhan is a graduate ofMiddle East Technical University, Departmentof Business Administration and earned hisMaster’s degree in Economics from Universityof Miami (USA). Akhan served at variouspositions of the Central Bank of the Republicof Turkey. He served as Representative atLondon Office and Assistant GeneralManager at the Foreign RelationsDepartment of the Central Bank of theRepublic of Turkey. He joined Doğuş Group in1994. After serving as the Executive VPresponsible for Treasury, Operations andForeign Relations at Garanti Bank, he wasassigned as the General Manager ofKörfezbank in 1998. Akhan was a board
member of Doğuş Holding and CFO during2001-2005. Since January 2006, he has beena board member of Doğuş Holding and theCEO. Additionally, he currently serves as theChairman of the Board for Dogus Real Estate,Related Digital Marketing, DogusPhotography, Dogus Sports, Fashion andMedia Services, Dogus Healthy Life, KörfezAviation, Doğuş Planet Electronics &Informatics Services and as a board memberfor TUVTURK, Dogus Construction.
Aclan AcarBoard MemberAclan Acar started his career in 1974. Afterworking for the state-owned Halkbank forthree years, he joined the Central Bank ofTurkey in 1978 where he served in differentdepartments until 1990. During this periodMr. Acar undertook several managerialresponsibilities including establishing tradingroom, managing open market account fordomestic operations, reorganizing andmanaging foreign exchange transactionsdivision of money markets and treasurydepartment of the Central Bank. Mr. Acar hasbeen continuing his career within the DoğuşGroup, one of the leading conglomerates ofTurkey, since September 1990. First, hestarted at Garanti Bank, one of the leadingprivate banks in the country, as the ExecutiveVice President in charge of Treasury and
ME
MB
ER
SO
F T
HE
BO
AR
D O
F
DIR
EC
TO
RS
6
Financial Institutions. At this position, he alsoundertook administration of internationalbranches and representative offices of GarantiBank. Between 1994-1996 period, he served asthe President and Chief Executive Officer ofBank Ekspres, then owned by the Group.Following acquisition of Ottoman Bank, theoldest and one of the most respected banksof the country, by the Doğuş Group in June1996, Mr. Acar was appointed as the Presidentand Chief Executive Officer of the Bank. SinceApril 2000 he serves as a Member of Boardand the Executive Committee of DoğuşGroup. Between the years 2001-2005 heserved as the Chairman of Tansaş and in themeantime as the Chairman of GarantiInsurance and Garanti Pension Company. Asof January 2006 he was appointed as theChairman of Doğuş Otomotiv.Mr. Acar took his undergraduate degree fromthe Academy of Economics and CommercialSciences in Ankara. Later on, he received hisMS degree in Banking and Insurance fromthe same university. Between the years of1985-1986, he attained his MA degree inEconomics from Vanderbilt University,Nashville, Tennessee, USA.
Şehmuz Ahmet Sedid KurutluoğluMemberAhmet Kurutluoğlu obtained hisundergraduate degree from Faculty of Law,his MBA degree from the Business
Administration Faculty, and his Master’sdegree in Labour Legislation from the Facultyof Law, İstanbul University. He joined DoğuşGroup in 1981 and has been in charge for thelegal affairs as a Legal Counsel for DoğuşHolding and Doğuş Construction. Mr.Kurutluoğlu is currently a member of theBoard of Directors of Doğuş Holding and incharge for the legal affairs as the Chief LegalCounsel of the Group.
Naci BaşerdemMemberBorn in Aksaray, 1957. Graduated in 1981 fromBoğaziçi University, Faculty of Economics andAdministrative Sciences, Department ofManagement. Worked at variousmanagement levels in both bank and privatesector companies and participated to DogusGroup in 1998. He executed different roles atDogus Media, Food Retail and ConstructionGroups. He worked on privatization process of“Vehicle Inspection Services in Turkey” andafter the privatization, he was appointed asthe CEO of the joint venture companybetween German Tüv Süd, English BridgePoint and Dogus.Naci Başerdem, is the chairman of DMS,Doğuş Tourism and Doğuş Retail Groups, andhe is in the Doğuş Board of Managementsince 2014.
Erman YerdelenMemberErman Yerdelen was born in İstanbul andgraduated from high school also in İstanbul.He has visited Münster University, Germany,where he attended the School of BusinessAdministration. In 1966, he graduated fromthe Finance and Business AdministrationFaculty of İstanbul School of Economy andCommerce. He received his Master’s degreein 1996 from Marmara University, İstanbul.After various managerial posts in the privatesector, in 1992, Mr. Yerdelen became theChairman of the Board of Turkish Airlines. Heparticipated in the founding of NTV NewsChannel in 1996 and has been acting as itsChairman of the Board since then. He is also amember of Doğuş Holding Board of Directorsrepresenting Doğuş Media Group. Mr.Yerdelen speaks both English and German.
Gönül TaluMemberGönül Talu is a graduate of İstanbul TechnicalUniversity with a Master of Sciences degree incivil engineering. He joined Doğuş Group in1969 and has held various managerialpositions in Doğuş Construction. Since 1991,he serves as the CEO and the Chairman of theBoard of Directors of Doğuş Construction. Heis also a member of the Board of Directors ofDoğuş Holding.
ME
MB
ER
SO
F T
HE
BO
AR
D O
F
DIR
EC
TO
RS
7
Prof. Dr. Muhsin MengütürkMemberProf. Dr. Muhsin Mengütürk is a member ofthe Board of Directors of Doğuş Holding. Heserved as the Chairman of the Capital MarketsBoard of Turkey from 1997 to 2000 and hehas held numerous executive roles in thefinance sector. Prior to 1990, he taught atBosphorus University and İstanbul TechnicalUniversity (İTÜ). Prof. Mengütürk is a graduateof American Robert College in İstanbul wherehe completed his undergraduate degree inMechanical Engineering. He received his MSand PhD at Duke University, again inMechanical Engineering.
Dr. Sadi GöğdünMemberSadi Göğdün graduated from İstanbul HighSchool of Economics and CommercialSciences and obtained his doctor’s degree ineconomics and commercial sciences in 1971.He joined Doğuş Group in 1976 and hasworked as a member of the Board in variouscompanies of the Group. Furthermore, heserved as a member of the Board of GarantiBank. Currently, Dr. Göğdün serves as amember of the Board of Directors of DoğuşHolding, Doğuş Construction and TradeCompany and Doğuş Tourism Group.
Şadan GürtaşMemberŞadan Gürtaş is a graduate of AnadoluUniversity, Faculty of Economic andCommercial Sciences. He has joined DoğuşGroup in 1968 and currently serves as amember of the Board of Directors of DoğuşHolding.
Yücel ÇelikMemberYücel Çelik is a graduate of Ankara University,Faculty of Political Sciences. He had served inthe finance sector prior to joining DoğuşGroup in 1974 with Garanti Bank. Between1983-2006, he was a member of the Board ofDirectors of Garanti Bank and its subsidiaries.Currently, he serves as a member of the Boardof Directors of Doğuş Holding.
ME
MB
ER
SO
F T
HE
BO
AR
D O
F
DIR
EC
TO
RS
8
Ebru Esmen MeteExecutive Vice President Human ResourcesMs. Ebru Esmen Mete is a graduate of theFaculty of Business Administration at İstanbulUniversity, with postgraduate education onHuman Resources Management at the sameuniversity. Since 2001, she has worked invarious positions in human resourcesdepartments, mainly in a human resourcesconsultancy firm and an advertising agency.She joined the Group in 2006 and currentlyserves as Doğuş Holding's Executive VicePresident of Human Resources.
Damla ÇelikçiExecutive Vice President & Chief FinancialOfficer Finance, Risk ManagementMs. Damla Çelikçi is a graduate of the Facultyof Business Administration at BilkentUniversity. Since 1996, she has served invarious positions in the financial sector. Shejoined the Group in 1998 with Körfezbank andcurrently serves as Doğuş Holding's ChiefFinancial Officer. Ms. Çelikçi is also a memberof the Board of Directors of various Groupcompanies.
Ali BeylikExecutive Vice President Internal Audit,Information TechnologiesMr. Ali Beylik graduated from the Faculty ofPolitical Science at Ankara University andobtained his post graduate degree inInformation Technology and Management atIIT School of Applied Technology and a Ph.D.in Business Administration at Ankara
University. Before joining the Group in 2012,he served in various positions in the TurkishMinistry of Finance between 2003 and 2012.Mr. Beylik currently serves as Doğuş Holding'sExecutive Vice President of Internal Audit andInformation Technologies.
Bahar ErbengiExecutive Vice PresidentCorporate CommunicationsMs. Bahar Erbengi graduated from theDepartment of Political Science and PublicAdministration at Bilkent University. Beforejoining the Group in 2016, she worked invarious managerial positions in corporatecommunications departments, mainly in PR,telecommunication and FMCG companiesstarting in 1993. She joined the Group in 2016and currently serves as Doğuş Holding'sExecutive Vice President of CorporateCommunications.
Emin TüzünExecutive Vice President ProtocolMr. Emin Tüzün is a graduate of theDepartment of Russian Language andLiterature at Ankara University. Between 1999and 2008, he served in various positions in theTurkish Ministry of Foreign Affairs. He joinedthe Group in 2008 and currently serves asDoğuş Holding's Executive Vice President ofProtocol Function.
Özlem DenizmenExecutive Vice President Social InvestmentsMs. Özlem Denizmen obtained a B.A. atCornell University in Industrial Managementand an MBA at MIT Sloan School ofManagement. Ms. Denizmen has alsocompleted programs on business topics atStanford University, GE Crontonville, HarvardBusiness School and Harvard KennedySchool. She joined Garanti in 1996 and hasworked for Doğuş Holding since 1999. Shecurrently serves as the Head of SocialInvestments in the Group and a BoardMember of Doğuş Otomotiv and Doğuş Oto.
Akın TavuzExecutive Vice President Tax, Financial Affairs,Financial ReportingMr. Akın Tavuz graduated from the Faculty ofPolitical Science at Ankara University andobtained an MBA from NortheasternUniversity. Before joining the Group in 2012,he served in various positions in the TurkishMinistry of Finance between 2002 and 2012.He currently serves as Doğuş Holding'sExecutive Vice President of Tax, FinancialAffairs, Financial Reporting Department.T
HE
EX
EC
UT
IVE
S
9
Mehmet GüreşcierExecutive Vice President Lean ManagementMr. Mehmet Güreşcier is a graduate of theDepartment of Industrial Engineering atBosphorus University. Since 1995, he hasserved in various positions in the privatesector. He joined the Group in 2001 withDoğuş Otomotiv. Since 2008, Mr. Güreşcilerhas served as Doğuş Holding's Executive VicePresident of Lean Management.
Eryiğit UmurExecutive Vice President InvestmentsMr. Eryiğit Umur graduated from theDepartment of Industrial Engineering atMiddle East Technical University andobtained an MBA from Bosphorus University.Between 2001 and 2006, he worked as abusiness consultant. He joined the Group in2006 and currently serves as Doğuş Holding'sExecutive Vice President of Investments.
Rafet HimaExecutive Vice President Security,Administrative AffairsMr. Rafet Hima is a graduate of the MilitaryAcademy of Turkey and has postgraduatedegrees in Economics from HacettepeUniversity and in Human ResourcesManagement from Selçuk University. Beforejoining the Group, Mr. Hima served with theTurkish Armed Forces for a number of years.Mr. Hima joined the Group in 2010 andcurrently serves as Doğuş Holding's Head ofSecurity and Administrative Affairs.
TH
E E
XE
CU
TIV
ES
10
THE RISK COMMITTEE AND AUDIT COMMITTEE
The Doğuş Holding Risk and Audit Committees are established by the Doğuş Group Board of Directors to assist the Board in itsoversight of risk and risk management across the Group and Group Companies. They exist to support the Board in its responsibilityfor ensuring that a sound system of internal control exists. They meet regularly prior to the Group Board meetings, and no less thanfour times a year. The Committees are supported by Doğuş Holding Risk Management and Internal Audit departments.
Risk Committee’ s responsibilities include:• Reviewing the design, completeness and effectiveness of the risk management framework relative to the Group sectors’ activities;
reviewing the adequacy and quality of the risk management function; reviewing the effectiveness of risk reporting (includingtimeliness and risk events),
• Reviewing regular information flow from Group sectors and evaluating risk information as well as Group strategies, business plans,budgets and investments,
• Reviewing management’s view of emerging and potential risks; and reviewing the management actions, if any, required inresponse to changes in the risk profile and emerging or potential risks,
• Reviewing Group risk levels to ensure that they are in line with shareholder risk preferences,• Providing guidance to the Doğuş Holding Risk Management Department.
Audit Committee’s responsibilities include:• Overseeing the efficiency of actions taken by Group companies in response to the results of financial, operational, and information
technology audits performed by the Doğuş Holding Internal Audit Department,• Evaluating the efficiency of the internal control processes of Group companies and advising on ways to improve the internal
control environment,• Overseeing the efficiency of financial control and internal audit activities within the Group,• Overseeing the security, efficiency and effectiveness of the information systems used by Doğuş Group companies and reviewing
and approving their contingency plans,• Assisting the Board of Directors in order to ensure that the business activities of Group companies are in compliance with the
requirements of applicable laws and regulations.
CO
MM
ITT
EE
S E
ST
AB
LIS
HE
D B
Y
TH
E B
OA
RD
OF
DIR
EC
TO
RS
11
THE HUMAN RESOURCES COORDINATION COMMITTEE
The Human Resources Coordination Committee is established to assist the Board in fulfilling its oversight responsibilities inthe field of human resources. The Committee’s primary focus is with respect to the development, succession planning andcompensation of senior executives and the identification, oversight and management of risk related to the human resourcespolicies and practices of all group companies.
The Major Responsibilities of the Committee include:• Developing, implementing and sharing human resources best practices within Group companies,• Sharing within the Group information about vacant positions and potential candidates,• Developing common projects to increase employee engagement.
THE LEGAL ADVISORY COUNCIL
The Legal Advisory Council’s responsibilities include:• Evaluating legislation-related issues with a forward-looking view,• Advising on the legal processes to be followed and the measures to be taken in such matters.
CO
MM
ITT
EE
S E
ST
AB
LIS
HE
D B
Y
TH
E B
OA
RD
OF
DIR
EC
TO
RS
12
The main responsibility is to seek and provide assurance that the risks and opportunities across Doğuş Group Companies areidentified and risk topics are properly measured, managed and actioned upon to ensure the shareholder value is sustained.
By working closely with the Group’s risk management departments, the focus of the Risk Management function is tostrengthen risk culture, penetrate risk management activities across the Group, obtain and generate sound, timely riskintelligence into its decision-making processes.
Risk Management function is also responsible for the oversight and strategy for risk retention and transfer through designand procurement of corporate insurance cover with relevant insurance policies.
Doğuş Group, with diverse business operations in different regions and countries, is cognizant of its need to monitor andmanage various risks.
Risks monitored by the Group include financial, strategic, business and operational risks as well as emerging ones.
The risks related to the Group, including but not limited to following issues, are listed as below:
Macroeconomic indicators such as balance of payments, GDP growth and domestic consumption are key risk factorsfor the Group.
Foreign currency and interest rate volatility can also have an effect on the Group’s funding costs. The Group holds adequate credit lines and ability to close out market position in order to minimize liquidity risk. Fire, flood, wind, earthquake and other catastrophes are some of the standing transferred risks of the Group. Branding is a key matter for all Doğuş companies. Branding brings with it a reputation risk that is pervasive across all
business lines bearing with it a contagion effect. Health and Safety, Security and Food Safety procedures well defined are set in all businesses to minimize the
operational risks.RIS
K M
AN
AG
EM
EN
T
13
Doğuş Group, one of the leading conglomerates in Turkey, is active in seven core businesses including automotive,construction, media, tourism and services, real estate, energy and food & beverage, sustaining its growth with its newinvestments in the areas of technology, sports, and entertainment along with its current operations.
The Group has become a global player in the services sector in virtue of the followed investment route in the recent years,value of its brands and strong commitment to maintaining the highest standards of customer service. The ultimate strategy ofthe Group is to maximize shareholder value by sound growth on the basis of sustainable profitability and enterprise wide riskmanagement.
The growth strategy for the near future includes exploring opportunities mainly in Tourism and F&B sectors in which theinvestments in the recent years were concentrated.
On the F&B sector, the intention is to expand the unique brand umbrella both in Turkey and globally from Gulf Region to FarEast, from Europe to US in line with the strategy being a global player representing Turkey and the Doğuş brand. Therestaurant management company of Doğuş Group (d.ream) has been growing rapidly by expanding existing brands,developing new, innovative concepts and introducing local brands to the international arena. D.ream has further strengthenedits position in the restaurant business by establishing strong partnerships in Turkey and abroad. D.ream currently operates in 10countries with 58 brands and more than 170 outlets and its continuous growth keeps its pace mainly by organic ways.
Doğuş Tourism Group had a rapid expansion with a number of new investments both in Turkey and abroad, including EdenRock – St. Barths, Murat Reis Ayvalık and D-Resort Sibenik hotels in 2015. The growth process in the tourism and hotel industrycontinued with the acquisitions of Madrid’s iconic hotel “Villa Magna”, 5-star hotel “Aldrovandi Villa Borghese” in Rome, “AthensHilton” in Greece and “The Raleigh”, prime hotel of Miami South Beach in 2016. Astir Palace project, “crown jewel" of theAthenian coastline is one of the main investment areas with a total project area of ~300,000 sqm including luxury hotels,residentials, private beaches and a marina. Further to the partnership with Chenot Group in 2015, which is one of the world’svery well-known health, wellness and well-being companies, the Group started working on a medical spa center in the GulfRegion in 2016. Besides, Chenot Group widened its operations as being the operator of a well-known hotel in Gabala,Azerbaijan. Another addition to Chenot Group locations in near future will be the Park Weggis Hotel in Lucerne Canton,Switzerland. Following renovation and expansion works scheduled to end by 2018 year end, the iconic historical hotel on theshores of Lake Lucerne will commence operations under Chenot Group’s management.D
OĞ
UŞ
GR
OU
P S
TR
AT
EG
Y
14
On the new initiatives; Galataport, is one of the most important projects of the Group, is a city Project with a master plancoherent with the neighborhood texture of the Karaköy region and İstanbul. The project aims to develop high synergy betweenexisting sectors; Tourism, Entertainment, Retail, Real Estate and Construction. The Project includes enhancement of existingCruise Terminal and development of a Luxury Hotel together with equity partner Peninsula Hotels Group, A+ offices andoutdoor retail areas. Galataport is planned to be operational in 2019.
On the other hand, D-Marin Marinas Group, serving with 10 marinas and 2 refit & maintenance shipyards in Turkey, Croatia,Greece, Spain and France. The aim is to increase the marina capacity in order to evaluate the available demand in the regionswhere the Group has marina investments and be able to offer superior services to larger masses. The Group acquired 70percent stake in Marina Barcelona 92 (MB’92), a specialized company dedicated to service-refit, repair and maintenance ofsuper yachts.
Doğuş Retail Group, which has several luxury brands such as Armani, Gucci, Loro Piana and Crate & Barrel under its umbrellahas extended its portfolio by adding new global brands “Kiko” and “Under Armour”.Doğuş Group also continued to grow in media sector. The Group strengthened its position in the market by the partnership inTV8. The online TV platform of Doğuş Group “Puhu TV”, which the Group believes to be one of the pioneers of Turkish mediaand technology sector, is launched in the early 2017.
Strongly believing in the capacity, potential and the future of Turkey, Doğuş Group has also been active in technology-aimedNew Initiatives, partnerships and acquisitions besides the operations and activities in the main business lines. The Groupbelieves its distinctive investments specified as the “New Initiatives” will be complementary of the Group’s other sectors,broaden the scope of services and the region the Group reaches.
DO
ĞU
Ş G
RO
UP
ST
RA
TE
GY
15
AUTOMOTIVEVolkswagen, Audi, SEAT, Skoda, Bentley, Bugatti, Porsche, Lamborghini, Scania, Scania Engines, Thermo King, Doğuş Oto, D-Auto Suisse SA, D-Auto L.L.C, DOD, DOD Used Trucks, vdf Automotive Financing, vdf Insurance, Doğuş Insurance, TüvTürk, Doğuş Teknoloji, Oto Fix
FOOD & BEVERAGE
D.ream, Anjelique, Adile Sultan Sarayı, Borsa Restaurant, Capricorn, Coya, Crate Cafe, 29 Çubuklu, Da Mario, Delimonti, Eat Stop, d.reamAkademi, Fenix, Gina, Foodist, Go Meso, Go Mongo, Günaydın Kasap/Steak House, Günaydın, iM İstanbul Modern, Kebapçı Etiler, Kıtchenette, Kiva, La Petite Maison, Lacivert, Masa, Mezzaluna, Monochrome, Nusret Steak House, Nusret Burger, Oblix, Parle, The Populist, Raika, Roka, Sait, Sele, Tom Kitchen, 29 Ulus, Vogue, Zuma
TOURISM & SERVICES
Mytha Hotel Anthology: Aldrovandi Villa Borghese, Argos in Cappadocia, Capri Palace, D Maris Bay, İl Riccio Beach House, Villa Dubrovnik, Villa MagnaD-Hotels & Resort: Murat Reis, Park Hyatt İstanbul, Grand Hyatt, Soho House, Maçakızı, D-Marin Turgutreis, D-Marin Göcek, D-Marin Didim, D-Marin Mandalina, D-Marin Dalmacija, D-Marin Borik, Lefkas Marina, Gouvia Marina, Zea Marina, Flisvos Marina, Dukley Marina Budva, MB 92Antur, Espace Prive Chenot D Life, D - Gym, Körfez Havacılık, D-Watches: Chamber of Opulence, Quadran, Arnold & Son, Bell & Ross, Breitling, Döttling HYT, Hublot, Messika Paris, Vacheron, ConstantinRetail: Gucci, Loro Piana, Giorgio Armani, Emporio Armani, Armani Jeans, Armani Exhange, Orlebar Brown, M Missoni, Capritouch, Eleventy, In-Formal, D’signer Fashion Outlet, Under Armour, Kiko, Crate and Barrel
CONSTRUCTION Doğuş İnşaat, Ayson, Teknik Mühendislik
MEDIANTV, NTV Avrupa, NTV Spor, NTV Radyo, Star, Euro STAR, Kral TV, Kral Pop TV, Kral FM, Kral POP Radio, Kral World Radio, Vogue, GQ, Robb Report, ntv.com.tr, ntvspor.net, startv.com.tr, kralmuzik.com.tr
ENERGY 220 Plus, Aslancık, Boyabat, DOEN Doğuş Energy, Artvin HEPP
REAL ESTATEDoğuş REIT, Doğuş Real Estate, Doğuş Center Maslak, Doğuş Center Etiler, Gebze Center SM, Antalya 2000 Plaza, Gebze Center Expansion and Hotel Project, IstinyePark
NEW INVESTMENTS
Galataport, Brandmail, DMS, DGSK, Doğuş Teknoloji, Puhu TV, Reidin, n11.com, Euromessage, Pozitif Related,Visilabs, Zingat, Medebycat, Zubizu, Semanticum
DOĞUŞ GROUP STRUCTURE
17
Doğuş Otomotiv is the leading automotive importer and distributor in Turkey.
Doğuş Otomotiv determines its business plans according to its vision of going one step beyondcustomer satisfaction by turning customers into fans. Its corporate strategy focuses onuncompromising customer satisfaction-oriented dynamic and attentive service leading to highcustomer loyalty. Doğuş Otomotiv has the youngest fleet with over 80 models and the widestretail and services network in the Turkish automotive industry.
Doğuş Otomotiv represents 12 leading international brands in the passenger car, lightcommercial vehicle, heavy commercial vehicle, industrial and marine engine, and coolingsystem segments. Doğuş Otomotiv offers private and corporate customers VolkswagenPassenger Cars, Audi, SEAT, SKODA, Bentley, Lamborghini, Bugatti, Porsche, VolkswagenCommercial Vehicles, and Scania brands as well as a wide array of more than 80 models bythese brands. The company also competes in the industrial and marine engine market with theScania engine brand and in the cooling systems market with the Thermo King brand.
With more than 2,500 employees, Doğuş Otomotiv is one of the most important players in theTurkish automotive industry. Thanks to its customer-satisfaction oriented dynamic serviceconcept, which the Company has pursued since its founding, Doğuş Otomotiv is among themost popular and most trusted brands in Turkey, according to corporate reputation surveys.Since its public offering in 2004, Doğuş Otomotiv shares have been trading at the BorsaIstanbul (BIST) with the ticker symbol "DOAS.IS".
DOĞUŞ OTOMOTİV
18
DOĞUŞ OTOMOTİV
DOĞUŞ OTOMOTİV
19
Turkish Light Vehicle Wholesale Performance - Market vs. DOAS
592
496 553
761
871 779
852
762
972 994
69 53 50 86 109 124 152 153
202 211
11,6%10,6%
9,0%
11,3%12,6%
15,9%
17,9%20,1%
20,8%21,2%
0,0%
5,0%
10,0%
15,0%
20,0%
25,0%
-
100
200
300
400
500
600
700
800
900
1.000
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
LV Wholesale Market (thousand) DOAS LV Wholesale (thousand) DOAS Market Share %
Market Share - Retail30 June 2016 30 June 2017
Doğuş Otomotiv Market Share(%) Rank Market Share(%) RankPassenger Vehicle 22,4 1 20,5 2Light Commercial Vehicle 15,5 3 12,7 3Total 20,8 1 18,7 2
20
DOĞUŞ OTOMOTİV
22
DOĞUŞ FOOD & BEVERAGE
Owing to its strong expansion, d.ream became the market leader inTurkey and one of the largest restaurant operators globally in 10countries with 50 brands, more than 150 outlets and 6,000 employees.d.ream plays a major role in the growth of the sector as its approachincreases the level of service quality and corporate standards.
MILESTONES
2016 - 2020
NEWINVESTMENTS
2012 2013 2014+2015
START GROWTH GROWTH &ACQUISITIONS
KivaNusretGo MongoDoors GroupAzumi Group
MezzalunaLacivert29 GroupBorsa GroupSait
La Petite MaisonGünaydınL’Atelier de JoelRobuchon
New conceptsGrowth of existing brands (both locally & internationally)Paraguas Group
2016 Combined Sales: $ 425
million(52% of
combined sales came from
international operations)
23
d.r
ea
mF
INE
DIN
ING
GLO
BA
L F
OO
TP
RIN
T
12Subsidiaries
12Partnerships+150 outlets
June 2017 YTD Cover*
Turkey 4,500k+Foreign 1,300k+
*including owned, franchises and management contracts
10 CountriesTurkey, United
Kingdom, Azerbaijan, Russia, UAE, USA, Hong
Kong, Thailand,
France, Italy
24
26
DOĞUŞ TOURISM & SERVICES
HOTELSLeader in lifestyle hospitality businessHotel investments in historical and cultural destinations. Expanding internationalhotel portfolio via openings and acquisitions worldwide.
The number of hotels will reach to 26 by upcoming new hotel investments in thenext 3 years.
Upcoming Projects: Hyatt House Gebze Astir Palace Atina (2 Hotels) The Peninsula Istanbul 3 potential hotel investments in Europe 1 potential hotel investment in Dubai
68
10
14
18
2012 2013 2014 2015 2016
Hotel Number
1.382 1.533 1.681 1.938
2.321
2012 2013 2014 2015 2016
Room Number
18 Hotels
7 CountriesTurkey, United
States, Italy, Spain, Croatia,
Caribbean, Greece
Total Assets $1,079 Million
27
DOĞUŞ TOURISM & SERVICES
HOTELS
D-R
ES
OR
TSM
YTH
A
HO
TEL
AN
THO
LOG
Y
MA
NA
GE
ME
NT&
PA
RTN
ER
SH
IPS
28
DOĞUŞ TOURISM & SERVICES
MARINASD-Marin is a Doğuş Group company that was established toset a new benchmark in design and operations of themarinas. By managing 10 unique marinas in Ionian, Aegean& Adriatic Seas, D-Marin creates one of the largestinternational chain of marinas in the EasternMediterranean that promotes recreational yachting;provides critical waterfront infrastructure that allowscommunity access to the natural waterways; and developssustainable businesses that encourage local employmentand growth within the economy.
10 Marinas and 2 refit&
maintenance shipyards in
Turkey, Greece, Croatia, Spain
France
Berthing Capacity:
8.270
With 10 Marinas, D
Marine offers full
homeport solutions to superyachts up to 180+ m
150
800 950 950
2.130 2.130 2.130 2.130 2.130
550
1.476 1.856 1.856
5.828 6.140 6.140
6.440 6.140
2008 2009 2010 2011 2012 2013 2014 2015 2016
Capacity
Dry Sea
29
DOĞUŞ TOURISM & SERVICES
MARINAS
30
DOĞUŞ TOURISM & SERVICES
WATCHES, JEWELLERY & ACCESSORIES
D Watches and Jewellery founded in June 2013, distributes the world premium ’s leading luxurywatch, watch accessory , jewellery and personal accessory brands via boutiques and point ofsales in Turkey.
D Watches and
Jewellery distributes 8
brands
26 Point of Sales
Represents 29 brands in
retail
31
DOĞUŞ TOURISM & SERVICES
RETAIL
Luxury fashion11 leading
fashion brands, 23
owned stores, 52 point of
sales
16 Under Armour stores
and 9 Kikostores
6 Crate & Barrel stores (4 in Turkey
and 2 in Russia) and 2 point of sales
in Turkey
32
DOĞUŞ TOURISM & SERVICES
OTHER
Antur is a leading corporatetravel services company inTurkey. Providing corporatetravel management services,as well as incentive, eventand meeting managementservices, Antur Turizm is amember of the InternationalAir Transport Association(IATA), the American Societyof Travel Agents (ASTA), theUnited Federation of TravelAgents Associations(UFTAA),and the Association ofTurkish Travel Agencies(TÜRSAB).
D-Gym, a Doğuş Groupinvestment in the tourism andservices sector, aims to bringcorporate-class quality to thesports and fitness industry.The 8,500 m2 complex aimsto promote the message:improve the way you exercise,improve your quality of life,change for the better.
In partnership withLondon based Bodyism,D-Hotel Maris and CapriPalace Hotel & Spa havelaunched BodyismClean & Lean residenceswhich support theperfect state for yourbody through a specialdiet and exerciseroutine.
Körfez Aviation wasformed in 2007 and, inMay 2008, it received itsOperating Certificate(AOC) from the TurkishCivil Aviation Authority.Körfez’s fleet, comprisedof one Gulfstream 550,one Gulfstream 450, oneGulfstream 280 businessjet and two Airbus H145helicopters and oneSikorsky S76C++helicopter, is authorizedto operate commercialflights domestically andinternationally.
Espace Privé Chenot D-LifeIstanbul, a collaboration withChenot Group of Switzerland,is a health wellness centerspecializing in preventativeand regenerative treatmentsand products that promotehealth, healthy living andprotect from premature aging.It is the sole representative ofthe Chenot Methodto Turkey.
33
34
DOĞUŞ CONSTRUCTION
Doğuş Construction and Trade Inc. is considered a world-class leader in the construction sector, having completedover 200 mega-infrastructure and superstructure projects since 1951 with a total value of USD 19 billion. It hasoperated within joint ventures and consortiums with many international companies in projects across Turkey, MiddleEast, North Africa, Eastern Europe and Gulf Countries, and has featured in ENR’s annual list of the world's top 250construction companies since 2003.
Doğuş Construction’s impressive and diverse portfolio of projects include 1460 km of roads and motorways, 43 km ofbridges and viaducts, over 200 km of subways and tunnels, and 21 dams and hydroelectric power plants capable ofproducing 3350 MW of electricity. Its 2.2 million m² of building construction includes shopping and leisure centres,stations in metro projects, offices, residential and industrial buildings. As well as being a leader in construction, DoğuşConstruction and Trade Inc. is also considered a leader in economic and social development. It is a member of TEİD,Turkey’s Ethics and Reputation Society, and signed the United Nations Global Compact in 2012, the world's largestcorporate sustainability initiative with universal principles on human rights, labour, environment and anti-corruption.
Since 2012, Doğuş Construction has participated in preselection/qualification and bidding processes of 280 domesticand 187 international projects.
Target regions: GCC, Central
Eastern Europe, Africa, CIS, South Asia,
Scandinavian countries
Completed and Ongoing202 projects amounting
to $19,3 billion
ONGOING PROJECTS
Total ongoing projects:
$4.6 billion
Doğuş share: $4 billion in 20 projects
International$2.71 Billion
%58
Domestic$1.94 Billion
%42
35
DOĞUŞ CONSTRUCTION
COMPLETED and ONGOING PROJECTS*
NORTHEAST EUROPE526 million USD Metros, Motorways, Highways, Bridges and Viaducts
TURKEY13,547 million USD Metros, Railways, Motorways, Highways, Bridges, Viaducts, Dams and Energy, Marine Works, Environmental and Superstructure projects
NORTH AFRICA2,190 million USD Motorways, Highways, Bridges, Viaducts and Superstructure projects
CIS and INDIA1,565 million USD Metros, Motorways, Highways, Bridges, Viaducts and Airports
MIDDLE EAST1,477 million USD Highways, Bridges and Viaducts
* As of 10.07.2017
36
37
DOĞUŞ MEDIA GROUP
Doğuş Media Group Turkish best-known media and entertainment company. From TVand Internet to radio and magazines, Doğuş Media Group has made its mark with itsprestigious, high-quality publications. The Group aims to cater to the needs ofconsumers by following and supporting developments and innovations in technologyand the media. Doğuş Media Group offers a wide variety of high-quality mediaincluding not only television, but also magazines, radio, various Internet portals andmore. Thus, the Media Group gains the advantage of drawing advertising revenuesfrom several segments.
(*) Source : Advertisers Association
Advertisement Market in Turkey
(Billion TL) (*)
Reaching 65+million
people
7 TV networks3 radio stations
4 magazines4 internet
portals
% 2015 2016
TV 16 17
Radio 22 18
Internet 3 3
Magazine 19 17
Market Share of Dogus Media Group
5,7
6,3
2015 2016
38
DOĞUŞ MEDIA GROUP
Puhutv is the new online television platform in Turkey. Established in 2016 and launched in 2017with the vision of “becoming the preferred online platform for the top-rated and watched localproductions”: puhutv is the first online TV that is focused on local content comprised of Turkishdramas, new and classic Turkish movies and Turkish cartoons.
Puhutv started to broadcast its original content, a 60 minute/17-episode drama starring Turkey’s topartist, produced by Turkey’s most successful production company, Ay Yapım. It has been wacthed 76million times.
Puhutv is a “free of charge” subscription platform with: Over 10.000 hours of free local content Exclusive licensing deals with four main national channels and the top 4 production houses High-quality video infrastructure One piece video streaming Smart “user recognition algorithm”
Puhutv is available on www.puhutv.com, all smartphones and tablets as well as Smart TV’s.
DOĞUŞ MEDIA GROUP
40
41
Doğuş Energy is one of the leading private companies in the generation of renewable energy, with 1 GW installed capacity. The Company hasoutlined energy trading as its core area of business.
Doğuş Energy provides electric energy to eligible consumers including its own group companies, other businesses and individuals through its220PLUS brand. This requires the Company to engage in origination, wholesale and trading activities. Doğuş Energy focuses on the continuousimprovement of service skills and capabilities to provide customers with outstanding services. The importance of service transparency and fair tradeis central to the Company’s beliefs, and it demonstrates this in its activities. Doğuş Energy aims to expand its customer reach while reflecting itscustomer-oriented approach.
Doğuş Group operates an electricity wholesale and retail company.Under the brandname 220PLUS, providing for the energy needs of workplaces and
residences at advantageous rates.
DOĞUŞ ENERGY GROUP
Doğuş Share %34
BOYABATHydroelectric
Plant
ARTVİNHydroelectric
Plant
ASLANCIKHydroelectric
Plant
513 MW capacity
1.5 billion kWh annual electricity
generation
332 MW capacity
1 billion kWh annual electricity
generation
120 MW capacity
388 million kWh annual electricity
generation
42
DOĞUŞ ENERGY GROUP
Doğuş Share %100
Doğuş Share %33
43
44
DOĞUŞ REIT
Doğuş Real Estate Investment Trust (Doğuş REIT), a subsidiary of Doğuş Group inthe real estate sector, has been enhancing its portfolio size and market valuewith stable growth since 1997. Doğuş REIT is one of the leading real estateinvestment trust companies in Turkey, with Doğuş Center Maslak, Doğuş CenterEtiler, Antalya 2000 Plaza, Gebze Center Shopping Mall, Gebze CenterExpansion and Hotel Project and other ongoing investments. Doğuş REIT istraded on BIST with the code DGGYO.
*As of 2016
TOTAL ASSETS
Gebze Center 52,36%Doğuş Center Maslak 30,53%Doğuş Center Etiler 13,54%Other Assets 1,97%Antalya 2000 Plaza 1,41%Money and Capital Market Instruments 0,19%
45
DOĞUŞ REAL ESTATEOwned entirely by the Doğuş Group, Doğuş Real Estate Investment and Management (Doğuş Real Estate) has been operating since 2006. The companyembraces the vision of being one of the most valuable companies in project management and development through an uncompromising commitmentto providing reliable, prestigious and high-quality services.
ISTINYE PARK
Since September 2007, Doğuş Group (42%) has been operating Istinye Park under a joint venture partnership. Offering luxury, style and convenienceunder one roof, Istinye Park guests experience a world of elegance and luxury in Istanbul. Every renovation made and every new store opened has beenan important building block in the success of this venture. Forty-two brands have opened their first single-brand stores in Turkey at Istinye Park. Lookingforward, Istinye Park aims to become an international shopping destination.
Istinye Park offers the best possible service to its visitors. The shopping mall provides a vast selection of products and services thanks to its considerable270,000 m2 surface area, 87,000 m2 store area, 3,600 unit car park and wide range of stores.
GEBZE CENTER
59.139 m2 Gross Leasable Area
DOĞUŞ CENTER MASLAK
47.398 m2 Gross Leasable Area
DOĞUŞ CENTER ETILER
9.827 m2 Gross Leasable Area
D OFİS MASLAK
25.000 m2 Gross Leasable Area
ANTALYA 2000 PLAZA
6.977 m2 Gross Leasable Area
VOLKSWAGEN ARENA
The standing area and the tribunes have a capacity of 5.800 people in total and it can accommodate 4.500 people in a seated setting. Volkswagen Arenais one of the best indoor venues of the world and offers a unique live music experience to the audience.
DOĞUŞ REAL ESTATE
46
47
NEW INITIATIVES
DOĞUŞ PLANET
DOĞUŞ TEKNOLOJİ
HEDEF MEDYA
REIDIN
DOĞUŞ MÜŞTERİ
SİSTEMLERİ
POZİTİF ŞİRKETLERİ
DİĞER
48
49
NEW INITIATIVES
On May 16, 2013, Doğuş Group placed the highest offer for the privatization of the İstanbul Salıpazarı Cruise Port, with a $702 million bid, winning the right tooperate the port area for 30 years. In January 2014, BLG Capital, the real estate private equity arm of Bilgili Holding, acquired 19% of the shares in the companyformed to develop the project leaving the remaining 81% with Doğuş Group. Following the signing of the Transfer of Operating Rights Agreement with TheTurkish Maritime Administration in February 2014, the Company took over the management of the pier and started its operations.
Galataport Project is a city project with a master plan coherent with the neighbourhood texture of the Karaköy region and İstanbul. With the new port, theKaraköy coastline, which is currently closed to public access, will be transformed into a promenade open to public, connecting the city with the sea. Through small streets planned between the buildings, visual and physical access to the Bosphorus will be enabled. The maximum height of the new buildings will be lower than the heights of the current ones.
Tophane Public Square, to be reconfigured into a total area of 30,000 sqm with the public park located next to it and its arms going down to the Bosphorus, is expected to become one of the most popular public squares in İstanbul. Furthermore, the historical buildings within the port area will be restored as part of theproject and will thereby regain their importance as historical monuments of İstanbul.
The Cruise Passenger Terminal in the pier area will also be redesigned as part of the project in line with global standards and the pier will continue to operate as the main gateway to İstanbul and Turkey from the sea. The new terminal is planned underground in order to make the residents and visitors of İstanbul enjoy thepromenade without any interruption during cruise operations. An underground carpark is also among the project plans aiming to solve the parking problem in the neighbourhood.
Hosting the İstanbul Modern Museum and Mimar Sinan Fine Arts University Painting and Sculpture Museum within its premises, Turkey’s best practices in contemporary arts, Galataport Project will become the new arts and culture center of İstanbul. The public and open spaces throughout the port area will also be used for open air exhibitions and installations.
50
NEW INITIATIVES
• A joint venture of Doğuş Group and Korean SK Group focusing on the e-commerce sector
• Established in 2012
• Launched open market platform, n11.com
• In just 3.5 years, 60,000 stores, over 1.2 billion visits, more than 8.5 millionmembers and 37 millions of product sold
18,4%
14,9%
10,5%
3,5%
Volume of e-commerce to overall retail volume
South Korea United Kingdom USA Turkey
• Doğuş Marketing Services (DMS) established in 2014, is a data-drivenmarketing company, adding value to its business partners through itsmarketing knowhow and analytical capabilities.
• Enriching Doğuş Group’s customers database, DMS supports companiesacquisition of customers, monitors purchase transactions, and increasescustomer loyalty and engagement.
• DMS is also Doğuş Group’s source of expertize in digital and data drivenmarketing.
• Rezervin, launched in July 2015, is an omni-channel restaurant reservationplatform that allows restaurant reservations to be recorded digitally.
• With over 1.5 million subscribers, ZUBİZU is a lifestyle and entertainmentmobile application launched in April 2016.
• In March 2017, DMS together with Antur, started offering “Luxury Travel andConcierge” services to its customers.
• In June 2017, DMS acquired “Brandmail”, a member only service bringinglifestyle contents, promotional campaigns, and advantages of leading brandsto its subscribers through e-mail channel.
• DMS is expected to generate a GMV of 1.5 Billion TL in 2017.
51
NEW INITIATIVES
• REIDIN is the leading online real estate big data andinformation company focusing on emergingmarkets with offices in Dubai and Istanbul
• REIDIN signed up over 1000+users in 2016,strengthening its position as one of the most trustedreal estate authorities in the Turkish and UAEproperty markets.
• Extended its indices coverage in Turkey to 68 cities,250 towns and 1300 neighborhoods
• Launched Zingat.com, Turkey’s first data driven realestate Marketplace, in 2016.
• Joint Venture of Doğuş Group and REIDIN-World’sfirst real estate big data company focusing onemerging markets
• Turkey’s first data-driven real estate marketplace
• Zingat’ s vision is «Property, Knowledge, Trust».Zingat distinguishes from competitors by employingproperty real estate data and information to itsproducts to bring together professionals andconsumers
• Reached 37,7 million total sessions and 15,7 millionunique visitors in its first year 2016
• Grew over 200,000 listings and over 3,000 realtorsacross Turkey, becoming the third biggest player in avery crowded real estate classified market in its firstyear
• Signed up several strategic partnerships with topbanks, real estate developers and broker network inTurkey
• Related Digital is the leading email marketing andomni-channel campaign management solutionprovider: offering a wide-range of best-in-class digitalmarketing technologies and services for many of theworld’s leading brands.
• Related Digital was originally founded in 1999 as anemail marketing provider and has evolved to providean easy-to-use, integrated data-driven marketingautomation platform called Related MarketingCloud (RMC).
• RMC provides marketers with the ability to form asingle view of each customer, enabling true 1:1personalization-reaching the right customer, at theright time, through the right channel on the rightdevice. RMC is fully integrated and allows marketersto launch and automate revenue-generatinglifecycle marketing campaigns-increasing
• Related Digital Group serves more than 1,500 clientsof all sizes across industries and includes thefollowing companies: euromessage, visilabs,semanticum, madebycat and brandmail. RelatedDigital operates in offices in Istanbul, Hamburg,London and Dubai.
52
NEW INITIATIVES
• As Turkey’s leading integrated entertainment marketing company,Pozitif is dedicated to creating best-in-class experiences that connectcommunities, creators and brands around physical and digital arts,culture & entertainment platforms. Pozitif is the creator of manycommunity platforms that helped shape Turkey’s arts, culture andentertainment landscape such as;
• The Babylon music culture brand and club
• Independent cultural publisher and music label Doublemoon Records
• Manages Europe’s most acoustically advanced live entertainmentvenue Volkswagen Arena
• Turkey’s longest running festivals, Cappadox Festival, One Love Festival,the International Akbank Jazz Festival and D Marin BodrumInternational Classical Music Festival
• Istanbul’s first urban creative culture campus, Bomontiada, the Altcontemporary art and performance space and the Kilimanjaro finedining restaurant.
• Pozitif’s network includes Radio Babylon, Radio Eksen and RadioVoyage
• Provides IT services and develops innovative Technologies for businessefficiency
• Aims to be the most suitable infrastructure and integrated solutionsprovider
53
54
CORPORATE SOCIAL RESPONSIBILITY
Doğuş Group lives at the core of life and aims to make a positive difference to people’s lives. With this belief in mind, Doğuş Group seeks to give back to society.
Doğuş Group’s social responsibility projects are united by one purpose: To help create a progressive future and a modern lifestyle. Doğuş Group has focused its social responsibility projects on the arts and culture, education
and sports.
Arts and Culture GöbeklitepePlace for Art
Doğuş Kids Symphony Orchestra International D-Marin Classical Music Festival Presidential Symphony Orchestra of Turkey
EducationDOKU
Sports Stay in the Game
Euroleague Basketball Partnership
55
CORPORATE SOCIAL RESPONSIBILITY Doğuş Holding
GÖBEKLİTEPEA 20-year partnership with the Turkish Ministry of Culture and Tourism to expand the knowledge of Göbeklitepe – an under-exploredarchaeological treasure dating back around 12,000 years – through supporting conservation and excavation.
PLACE FOR ARTFine Arts’ students show their talents with Place for Art by turning the city into an art gallery through Doğuş, which opens the gates of DoğuşGroup locations for them.
DOĞUŞ KIDS SYMPHONY ORCHESTRATurkey’s first national and permanent children’s symphony orchestra. Comprised of conservatory students between 11 and 18 years of agefrom different regions of Turkey, and introducing the wonder of symphonic music to Turkish children as performed by their peers.
INTERNATIONAL D-MARIN CLASSICAL MUSIC FESTIVALFounding partner of the festival providing support for the development of classical music, striving to ensure access for a wider section of thepopulation and to help Turkish artists produce world-class pieces.
PRESIDENTIAL SYMPHONY ORCHESTRA OF TURKEYMain sponsor of the Orchestra.
DOKUAims to support Turkish women economically and socially in local areas by stimulating local Dynamics where women are provided withpersonal development and professional training and business networking and they are supported to produce and sell their handmadeproducts.
56
FENERBAHÇE DOĞUŞ YELKENSupporting sailing team of Fenerbahçe Sports Club to increase the number of olympic athletes by creating modern training facilitiesmanaged by an internationally experienced coaching team.
FENERBAHÇE DOĞUŞ BASKETBOLPartnership with the best basketball club in Europe to support them for further victories which will increase the interest of young kids forplaying basketball.
DARÜŞŞAFAKA DOĞUŞ BASKETBALL TEAMSponsoring ‘Darüşşafaka Doğuş Basketball’ to create success stories in the Turkish and European Basketball leagues, focusing on thedevelopment of Turkish basketball within the scope of fair play.
EUROLEAGUE BASKETBALL PARTNERSHIPBringing a strong commitment to the game of basketball, and pushing social wellbeing and corporate excellence to the forefront by partneringwith the continent’s premier basketball competition, Euroleague.
STAY IN THE GAMERenovates basketball courts while emphasizing the pursuit of goals and staying away from bad habits through encouraging teens to playbasketball.
CORPORATE SOCIAL RESPONSIBILITY Doğuş Holding
57
CORPORATE SOCIAL RESPONSIBILITYGroup Companies’ Projects
Ayhan S ahenk Foundation The Ayhan Sahenk Foundation was established by the founder and the eternal president of Doğuş Group, the dear departed Mr. Ayhan Şahenk, inorder to institutionalize and to ensure the continuity of his services to the public.
Doğuş Otomotiv: Traffic Is Life! Aims to create a cultural change among people in regards to traffic safety and aims to increase knowledge of traffic safety among all segments ofsociety including drivers and pedestrians.
TÜ VTÜ RK: Traffic Responsibility Action Aims to take protective actions for safety of life and enhance a sense of responsibility by raising public awareness.
Doğuş Otomotiv: Volkswagen Educational Laboratories Provides support for the physical improvement, equipment, material and installations at schools.
NTV: Green Screen Project NTV’s summer lineup has been mainly composed of environmental programs. “NTV Green Screen” calls attention to environmental problems and raisespublic awareness on related issues, responding to questions and correcting common misunderstandings about “green” issues.
N11.com: The Pet Box Project Provides a portable 'Home' for stray animals to protect them from harsh winter conditions by redesigning delivery boxes.
d.ream: Green Generation Restaurants in Turkey Three of d.ream restaurants – Fenix, Tom’s Kitchen and Kitchenette Kanyon – have received their certificates as Green Restaurants.
FINANCIAL INFORMATION
DOĞUŞ GROUP FINANCIAL PERFORMANCE
59
(m TL) FINANCE CONSTRUCTION AUTOMOTIVE TOURISM MEDIA OTHER (*) TOTALCOMBINED REVENUE 26.823 2.565 15.680 1.506 1.026 3.073 50.673COMBINED GROSS PROFIT 14.243 78 1.642 434 112 1.150 17.659COMBINED TOTAL ASSETS 308.319 3.002 15.285 11.920 1.781 35.602 375.909COMBINED SHAREHOLDER’S EQUITY 36.438 125 1.548 6.662 339 17.505 62.617CONSOLIDATED REVENUE - 2.368 11.928 1.093 622 1.550 17.560CONSOLIDATED GROSS PROFIT - 69 1.155 245 26 198 1.694CONSOLIDATED TOTAL ASSETS 3.739 2.969 4.528 7.512 1.512 14.711 34.971CONSOLIDATED SHAREHOLDER’S EQUITY 9.199
(m TL) 31.12.2016 31.12.2015 31.12.2014
CONSOLIDATED REVENUE 17.560 14.783 10.373CONSOLIDATED GROSS PROFIT 1.694 1.519 1.185CONSOLIDATED TOTAL ASSETS 34.971 29.411 26.854CONSOLIDATED SHAREHOLDER’S EQUITY 9.199 11.765 11.358
Financial Performance For The Last 3 Years
Financial Performance as of 31.12.2016
(*) Other consists of Doğuş Holding, Real Estate, Energy, F&B, and other sectors.
CONSOLIDATED REVENUE
60
14.783
17.560
2015 2016
Total Group (mTL)
68%
13%
4%6%
9%
Automotive
Construction
Media
Tourism
Other
Sector Breakdown as of 31.12.2016
10.891
1.595649 610 1.037
11.928
2.368
622 1.093 1.550
Automotive Construction Media Tourism Other
2015 2016
(*)
(*) Other consists of Doğuş Holding, Real Estate, Energy, F&B, and other sectors.
GEOGRAPHICAL DIVERSIFICATION OF REVENUE
61
Total consolidated foreign revenue, mainly driven by the Tourism and F&B sectors, is gradually increasing.
42%
58%
Combined Revenues of Tourismin 2016
Domestic Foreign
47%
53%
Combined Revenues of F&Bin 2016
Domestic Foreign
68%
32%
Consolidated Group Revenues 2016 (exc. Finance and Automotive)
Domestic Foreign
81%
19%
Combined Revenues of Tourismin 2015
Domestic Foreign
46%
54%
Combined Revenues of F&Bin 2015
Domestic Foreign
80%
20%
Consolidated Group Revenues 2015(exc. Finance and Automotive)
Domestic Foreign
62
CONSOLIDATED GROSS PROFIT
1.5191.694
2015 2016
Total Group (mTL)
1.110
76 24149 160
1.155
6926
245 198
Automotive Construction Media Tourism Other2015 2016
68%
4%
2%
14%
12%
Automotive
Construction
Media
Tourism
Other
Sector Breakdown as of 31.12.2016
(*)
(*) Other consists of Doğuş Holding, Real Estate, Energy, F&B, and other sectors.
CONSOLIDATED TOTAL ASSETS
63
29.41134.971
2015 2016
Total Group (mTL)11%
13%
9%
4%
21%
42%
Finance
Automotive
Construction
Media
Tourism
Other
Sector Breakdown as of 31.12.2016
3.295 3.6602.444
1.675
4.925
13.411
3.7394.528
2.9691.512
7.512
14.711
Finance Automotive Construction Media Tourism Other
2015 2016(*) Other consists of Doğuş Holding, Real Estate, Energy, F&B, and other sectors.
(*)
64
Consolidated financial statements of Doğuş Holding A.Ş. and its subsidiaries which comprise the consolidated statement of financial position as at 31December 2016, the consolidated statements of profit or loss and other comprehensive income, changes in equity and cash flows for the year then ended,and notes, comprising significant accounting policies and other explanatory information have been audited by Akis Bağımsız Denetim ve SerbestMuhasebeci Mali Müşavirlik A.Ş. (a member of KPMG International Cooperative).
Audited consolidated financial statements are published semi-annually and annually on the company website.As per transparency which is top priority for Doğuş Group, financial reports are being published in the company website since 2007.
https://www.dogusgrubu.com.tr/i/assets/docs/DogusHoldingConsolidatedIFRSReport31122016.pdf
INFORMATION ABOUT THE AUDIT FIRM
65
INFORMATION ABOUT THE CAPITAL MARKETINSTRUMENT
Use of Proceeds the equity commitments for the investments in food and beverage as well as real estate sectors in Turkey the restructuring of the Issuer’s balance sheet via refinancing a portion of the existing debt.
Listing
Private sector bonds will be listed on the Outright Purchases and Sales Market under Borsa Istanbul’s Debt Securities Market. Investors can recognize profitor loss from transactions that are conducted before maturity in line with the liquidity conditions.
FULL Tax Payers (Corporation) FULL Tax Payers (Real Person) Limited Tax Payers (Corporation) (1) Limited Tax Payers
(Real Person)
Interest Income
a) Interest income derived by joint stock companies, companies and investment funds;- is subject to %0 withholding- is subject to corporate taxb)Interest ıncome derived by companies(2) other than those mentioned above;- Subject to %10 withholding.- Companies which have to submit tax return can offset the withholding paid from the corporate tax calculated on the tax return
-is subject to %10 withholding-Withholding is the final tax-Not declared
a) Interest income derived by foreign corporations in the nature of joint stock companies, companies limited by shares and limited companies and foreign corporations which are determined by Ministry of Finance to be in similar nature with investment funds and investment trusts established according to the Capital Markets Code(3);-is subject to 0% withholding-Withholding is the final tax-Not declaredb)Interest income derived by companies other than those mentioned above;-is subject to %0 withholding-Withholding is the final tax-Not declared
-is subject to %10 withholding-Withholding is the final tax-Not declared
Capital Gains
a)Gains derived by joint stock companies, companies limited by shares and limited companies and investment funds;- are subject to %0 withholding - are subject to corporate taxb)Gains derived by companies (2) other than those mentioned above;-are subject to %10 withholding-Companies which have to submit tax return can offset the withholding paid from the corporate tax calculated on the tax return
-Subject to %10 withholding-Withholding is the final tax-Not declared
a)Gains derived by foreign corporations in the nature of joint stock companies, companies limited by shares and limited companies and foreign corporations which are determined by Ministry of Finance to be in similar nature with investment funds and investment trusts established according to the Capital Markets Code (3)
-are subject to%0 withholding-Withholding is the final tax-Not declaredb)Gains derived by companies other than those mentioned above;-are subject to %10 withholding-Withholding is the final tax-Not declared
-is subject to %10 withholding.-Withholding is the final tax-Not declared
(1) Our explanations concerning non-resident corporations are valid for the non-resident corporations who do not own a permanent establishment and a permanent representative in Turkey.(2) The companies other than those mentioned under article 2/1 of the Corporate Tax Code (capital stock companies; joint stock companies, companies limited by shares and limited companies and investment funds) can be exemplified ascooperatives, economic public institutions, foundations and associations and their economic enterprises and business partnerships.(3) Limited liability partnerships, country funds, funds owned by administrations and establishments, investment companies and all the other foreign corporate investors, which are operating in Turkey exclusively for deriving capital gains through marketable securities and other capital market instruments and for using the rights related to these, are considered as taxpayers in similar nature with investment funds and investment trusts established according to the Capital Markets Code (Income Tax General Communiqué series no 277)
TAXATION ABOUT THE CAPITAL MARKET INSTRUMENT
*This table has been prepared on the basis of the current Turkish Tax Legislation. Doğuş Holding accepts no responsibility or liability in respect of the changes in the Tax Legislation after the preparation date of the table and the bond issue date.
67
This presentation or any information it contains may not be used unless any written consent obtained from Doğuş Holding. The information that is includedin this presentation has been prepared on the basis of resources that are considered as reliable.The estimates and projection that are contained in the presentation are on the basis of our opinions as of the date of the presentation and there can bechanges in our opinions in time.The opinions and estimates of Doğuş Holding are only indicative and submitted merely for presentation purposes. Doğuş Holding shall not be liable for anydamages and negative impacts that may result upon any usage.Being not reliable or containing wrong information of any resources that are used in preparation of this presentation do not impose any responsibility.Doğuş Holding does not ensure that any information submitted in this presentation is complete, absolute and quite right.Doğuş Holding shall not be kept liable for any legal, taxation and accountable results that might arise of any process of the implementation of theinformation retrieved from the so called resources or Dogus Holding’s projections.Any information given in this presentation does not include any proposal, assessment or evaluation addressed to any transaction; and all this should be usedby the persons or establishments to whom this presentation is submitted for providing them information and opinion, only.This presentation does not contain any advice or proposal towards taxation, legal, accountable or investment affairs.
www.dogusgrubu.com.tr
68
