TURKEY CONGLOMERATES - Alarko Holding: Investor day notes
Alarko Holding (ALARK TI, Not rated) hosted an investor day on 17 October 2019 to share information regarding its business and the financial outlook for its subsidiaries.
Key takeaways: Alarko Holding currently has 1,539MW of total installed capacity, consisting of two hydro, one solar, one natural gas and one imported coal power plant. The company has a diversified portfolio with renewable sources, which account for c10% of its total energy capacity. Management plans to expand the company’s renewable energy capacity by adding new wind and solar capacities to its portfolio.
Meram Electricity Distribution (MEDAS), which provides electricity distribution and retail sales services across the country, was acquired by the Alarko-Cengiz joint venture in 2009 for a payment of USD440m. MEDAS’ distribution license is valid until August 2036.
Alarko Holding’s contracting arm Alsim has a backlog of USD1.3b, which comprises 26% domestic and 74% international business volumes, as of August 2019.
Alarko Holding Anonim Sirketi. Alarko Holding AS is a Turkey-based holding company. Alarko Group companies operate in contracting, industry and trade, energy, tourism, seafood, real estate investments and property development sectors. The Contracting Group companies operate as general contractors, and are engaged in the construction of commercial buildings and industrial plants. The Industry and Trade Group produces and markets heating, ventilation, air conditioning units and pumps, as well as providing after-sale services. The Energy Group produces and distributes electric power and natural gas through its power plants across Turkey. The Tourism Division operates and manages hotels and holiday resorts. Its Seafood Division operates through Alfarm Alarko Leroy Su Urunleri San. ve Tic. AS, established for breeding and processing various types of fish, particularly salmon. The Property Development Group is involved in the development, design and construction of recreational facilities and residences.
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