TEPE İNŞAAT fact sheet TEPE İNŞAAT AT A GLANCE Getting its strength from its qualified human resources and professional corporate management, Tepe İnşaat aims to continue shining with projects that make a difference. Tepe İnşaat has been operating in the construction industry for the past 42 years. This sector steers the country s economy making it among Turkey s most important industries and one that creates value for Bilkent Holding A.Ş., its principal shareholder and for the projects its produces. Understanding that the concept of peak not as a target but as a point to reach in terms of advancement, success and service, the Company has become one of the important players within the industry and is internationally renowned for its domestic and international projects produced while taking the constantly changing needs of the modern world into consideration. The main principle of Prof. Dr. İhsan Doğramacı s philosophy further, toward the best has provided the Company with extensive experience in project development and the construction of hospitals, airports, terminals, pipelines, power plants, business and shopping centers. Getting its strength from its qualified human resources and professional corporate management, Tepe İnşaat aims to continue shining with projects that make a difference. As of December 31, Tepe İnşaat s registered capital was TRY 780,000,000 million. SHAREHOLDING STRUCTURE (%) Company Name Tepe İnşaat Sanayi Anonim Şirketi Shareholders Share Class TRY Share of Capital Ratio of Shares % Number of Shares Bilkent Holding A.Ş. A 1 0 780,000,000 Bilkent Holding A.Ş. B 669,741,166 85.86 780,000,000 Tepe Emlak Yat. İnş. A.Ş. B 104,000,091 13.33 780,000,000 Tepe Savunma ve Güv. Sis. A.Ş. B 5,672,386 0.73 780,000,000 Tepe Home Mob. Dek. Ürün. San. ve Tic. A.Ş. B 562,352 0.07 780,000,000 Meteksan Matbaacılık A.Ş. B 24,004 0 780,000,000 Bilkent Holding A.Ş. 85.86 Tepe Emlak Yat. İnş. A.Ş. 13.33 other 0.8%
Turkey s first mobile annual report is now available on all markets. Please scan the QR Code with your smartphone to download Tepe İnşaat Annual Report, Turkey s first mobile annual report produced for tablets and smartphones. You can download a QR Code reader directly to your smartphone from the App Store, App World or Google Play free of charge. Apple Store Android Google Play Head Offıce Beytepe Köyü Yolu No:5 06800 Bilkent, Ankara, Turkey Phone: +90 (312) 266 58 00 (LINE 13) Fax: +90 (312) 266 78 38-39 E-mail: info@tepeinsaat.com.tr Istanbul Offıce Başıbüyük Mah. Emek Cad. No:281/B Narcity Konutları Maltepe, Istanbul, Turkey Phone: +90 (216) 675 08 00-01 Fax: +90 (216) 675 08 02 E-mail: Istanbul@tepeinsaat.com.tr Azerbaıjan Intepe Offshore LTD. Hakverdiyev Küçesi Ev No:21 Baku, Azerbaijan Phone: + (994) 12498 14 95 Fax: + (994) 12498 92 57 E-mail: intepe@artel.net.az / intepe@mail.az Albanıa Gjergji Business Center Floor 5 No:1-2 Tirana, Albania Phone: + (355) 42251187 Fax: + (355) 42258360 Russıa 119435, Bolshoy Savvinskiy Per., 9, Building 2, Moscow, Russia Phone: +7 (495) 221 10 49 Fax: +7 (495) 221 10 44 E-mail: info@tepeconstruction.ru Iraq Sulaymaniyah New Sulaymaniyah University Campus Project Qiliasan, Sulaymaniyah, Iraq Phone: +(964) 770 364 34 66-750 115 14 62 Erbil Gulan Street, English Village, No:250 Erbil, Iraq Phone: +(964) 750 396 34 34-750 765 84 71 Turkmenıstan Yimpaş Business Center 54, Turkmenbashi Avenue, Office No: 701 - B Ashgabat, Turkmenistan Phone: +993 (64) 035 147 E-mail: info@tepeturkmen.com www.tepeinsaat.com.tr
fact sheet
TEPE İNŞAAT fact sheet KEY FINANCIAL INDICATORS Thanks to its sustainable financial structure, Tepe İnşaat undertakes profitable projects and carries its corporate structure into the future. Balance Sheet Figures (TRY thousand) * 2010 A- Current Assets 591,751 531,497 B- Fixed Assets 995,367 1,179,908 Total Assets 1,587,118 1,711,405 A- Short-term Foreign Liabilities 230,325 261,847 B- Long-term Foreign Liabilities 577,543 619,022 C- Equity 779,250 830,536 Total Liabilities 1,587,118 1,711,405 2010 Net Sales 270,752 347,806 Operating Profits 43,149 58,305 Extraordinary Revenues and Incomes 7,365 12,135 * Prepared according to the stand-alone financial statements. Liquidity Ratios * 2010 Current Ratio 2.57 2.30 Acid-Test Ratio 2.47 1.92 Cash Ratio 0.42 0.34 Operational Ratios * Accounts Receivable Turnover Ratio 3.66 4.21 Accounts Receivable Collection Period 99.64 86.68 Current Asset Turnover Ratio 0.46 0.65 Net Working Capital (TRY) 361,425,886.95 269,650,074.19 Net Working Capital Turnover Ratio 0.75 1.29 Tangible Asset Turnover Ratio 1.64 1.98 Total Asset Turnover Ratio 0.17 0.20 Equity Turnover Ratio 0.35 0.42 Financial Leverage Ratios * Financial Leverage Ratio 0.51 0.51 Financing Ratio 0.96 0.94 Ratio of Equity to Total Assets 0.49 0.49 Ratio of Short-term Debts to Total Liabilities 0.15 0.15 Ratio of Short-term Debts to Total Debts 0.29 0.30 Ratio of Long-term Debts to Total Liabilities 0.36 0.36 Ratio Analysis in Accordance with the Public Procurement Law * Current Ratio 2.30 3.00 Ratio of Equity to Total Assets 0.65 0.59 Ratio of Short-term Financial Liabilities to Total Equity 0.01 0.00 * Prepared according to the stand-alone financial statements.
TOTAL ASSETS (TRY THOUSAND) NET SALES (TRY THOUSAND) 1,711,405 347,806 2010 1,587,118 2010 270,752 SHAREHOLDERS EQUITY (TRY THOUSAND) OPERATING PROFIT (TRY THOUSAND) 830,536 58,305 2010 779,250 2010 43,149 Current Ratıo Cash Ratıo 2.30 0.34 2010 2.57 2010 0.42 Acıd-Test Ratıo Fınancıng Ratıo 1.92 0.94 2010 2.47 2010 0.96
MAJOR DEVELOPMENTS IN Tepe İnşaat received many national and international awards in and gained significant financial and operational success. A significant step, expanding Tepe İnşaat s operation field Tepe İnşaat took over İstanbul Deniz Otobüsleri Sanayi ve Ticaret A.Ş. (İDO) which was established in 1987 to help reduce rush-hour traffic in Istanbul and which is now one of the largest maritime transport fleets in the world. It was acquired for US$ 861 million by the Tepe-Akfen-Souter-Sera (TASS) consortium. With its strong partnership structure, Akfen Holding (30%), Tepe İnşaat (30%), Souter Investments (30%) and Sera Gayrimenkul Yatırım (10%) plus new corporate management, the Company has made important breakthroughs toward expanding its transportation network and corporate capacity. Tepe İnşaat has crowned its success with awards Tepe İnşaat was listed in 166th place on the ENR Top 225 List made up of the world s largest international construction and contracting companies. Tepe İnşaat was ranked 309th in 2010 and 262th in on the Fortune 500 Turkey list, prepared annually by Fortune Turkey magazine and includes the top 500 companies in Turkey. Tepe İnşaat was awarded the European Business Awards in Turkey category, one of the most prestigious awards in the business world. Following the sale of 18% of the shares of Tepe İnşaat A.Ş. in TAV Havalimanları A.Ş. to Aeroports de Paris Management for US$ 414 million and the 23,275% of its shares in TAV Tepe-Akfen Yatırım İnşaat ve İşletme A.Ş. for US$ 23.275.000, JCR Eurasia Rating has assigned an investment grade credit rating of A(Trk) on the long term national scale to Bilkent Holding A.Ş. along with a stable outlook. In the statement made by JCR Euroasia Rating, it was stated that the sale would have a positive effect on the market efficiency and the performance of the companies within Bilkent Holding. New host of capital city Ankara s business and social life: Tepe Prime Business-Residence-Avenue With its contemporary architecture, functional and environmentally friendly approach, an open air concept and smart building features, Tepe Prime Business- Residence- Avenue, the most prestigious work and social life project in Ankara, was opened on October 2,. It includes 218 office spaces, 100 business studio flats that can also be used as residences and 37 cafés, restaurants and entertainment venues for different tastes as well as various stores. Tepe Prime Business-Residence-Avenue includes a 10-story residence building and two 18- and 19-story business blocks, independent from each other. Tepe Prime Business Tepe Prime Business matches your expectations, where you would have the business environment you are looking for and that would reflect your prestige in the business world. With its location, easy access and unique landscape planning, Tepe Prime Business has raised the standards in Ankara. Tepe Prime Residence A reflection of stylish modern living, Tepe Prime Residence with its studio flats that range between 78 and 102 m2 gross, meets different demands and offer innovations and comfort that come with today s lifestyle. Tepe Prime Avenue Setting out to contribute to Ankara s business and social life and to provide the city with a new meeting place, Tepe Prime Avenue is preferred by some of Turkey s most popular cafés, restaurants and entertainment brand names. With unique architecture with an open-air model, Tepe Prime Avenue is a first in Ankara and includes Hayâl Kahvesi, İstanbul s renowned entertainment venue, 2 ler Et Lokantası, the Burger House, Eat n Fit Barnies Coffee and Gratis. The project also attracts attention with a variety of popular restaurants such as the New Castle, Ege Balık, Özler Döner, Minkaa, Neli Pastanesi and Tunalı Vitamin Park that appeal to different tastes. Housing the Mercedes Showroom, the first concept showroom in Turkey, there is also a branch of D&R that combines entertainment and culture products as well as a bookshop, pharmacy, tobacco shop, florist, dry cleaners, hair styling salon and a Migros Supermarket. Tepe Prime Avenue has outdoor dining and entertainment and venues for activities such as concerts, theatre and festivals within its courtyard that includes a pool, with illuminated water shows and a large stage. Designed with an agora concept, Tepe Prime Avenue has distinct architectural features with special landscaping arrangements that enable access to venues from different routes. Tepe s Autograph in the First Stage of the Ankara-Bursa Fast Train Project The tender for the infrastructure of the 75-kilometer section between Bursa and Yenişehir, the first stage of the Ankara-Bursa fast train project, was won by the YSE Yapı-Tepe İnşaat joint venture for TRY 393 million and 170 thousand. Planned to be completed within three years, the project will shorten the trip between Ankara and Bursa to two and a half hours.