human-space-life

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human-space-life
HUMAN-SPACE-LIFE
Human... Space... Life.
We construct “living buildings” that breathe and share
life with people; buildings that add value to life in each
and every square meter.
This year, we present our annual report accompanied
with a special project. We reveal the human-space
synergy and this unique harmony using snapshots by
Mehmet Turgut, one of the leading photographers in
Turkey and the world.
www.tepeinsaat.com.tr
TEPE İNŞAAT 2014 ANNUAL REPORT
Operating in the construction sector, we conduct our
business activities by strengthening concrete, steel and
each square meter of construction, backed by our many
years of experience and our innovative ideas.
2014 ANNUAL REPORT
HUMAN-SPACE-LIFE
MEHMET TURGUT
TEPE İNŞAAT
2014 ANNUAL REPORT
Who is Mehmet Turgut?
Mehmet Turgut, named after his grandfather, was born on July 21, 1977 in Ankara. His profession as a
photographer has truly shaped his destiny. For many years, he conducted studies on theoretical photography, printing techniques, coloring, pencil drawing and photo processing. Over time, he devoted himself to producing and shooting fictional photographs. He has received numerous awards both in Turkey
and abroad, from world-renowned organizations such as the Photographic Society of America (PSA) and
Austria Super Circuit. Some examples of his recent work include cover photographs for the “19 Best of
Patricia Kaas” album of the world famous French singer; cover photographs used for “Live in Europe,” a
concert album by Dutch musician Anneke van Giersbergen; and cover photos for “Let It Die,” the latest
single from Ozzy Osbourne. In 2009, Mehmet Turgut was named “The Year’s Photography Artist” by
the Turkish Art Institution. He is also the owner and creative director for “46” magazine, which has
been published since March 2010.
At a Glance 4 Key Indicators in 2014 10 Major Developments in 2014 12 Tepe İnşaat in Brief 16 Vision, Mission and Corporate Values
20 Key Financial Indicators 21 Subsidiaries and Affiliates 22 Bilkent Holding 28 A 46-Year History Dedicated to Creating Long-Term Value 42 Message from
the Management 44 Board of Directors, Senior Management Operations in 2014 48 Projects 48 Business Development and Operation Map
72 Subsidiaries 72 TAV Havalimanları (TAV Airports) 86 TAV İnşaat (TAV Construction) 92 İDO (Istanbul Sea Buses) Sustainability 100 Human
Resources Policy 102 Occupational Safety, Environmental and Quality Policy 106 Bilkent University Financial Statements 109 Independent Auditors
Report, Financial Statements and Footnotes
Operating in the construction sector, we conduct our
business activities by strengthening concrete, steel and
each square meter of construction, backed by our many
years of experience and our innovative ideas.
We construct “living buildings” that breathe and share
life with people; buildings that add value to life in each
and every square meter.
This year, we present our annual report accompanied
with a special project. We reveal the human-space
synergy and this unique harmony using snapshots by
Mehmet Turgut, one of the leading photographers in
Turkey and the world.
HUMAN, SPACE, LIFE
1
2
TEPE İNŞAAT 2014 ANNUAL REPORT
AT A GLANCE
HUMAN, SPACE, LIFE
3
Key Indicators in 2014
1,334,939
885
Equity Size (TL Thousand)
Backed by a professional management approach gained through many
years of experience and deep industry expertise, Tepe İnşaat increased
its equity to TL 1,334,939 thousand in 2014.
Total Park Mozaik Residence Units
Park Mozaik Tepe & Mesa Project, carried out by a Tepe İnşaat and
Mesa Mesken joint venture, is a development consisting of 885 residential units to be built on a 74,000 m2 tract in Yaşamkent, Ankara.
49,076
US$
Net Sales Revenue (TL thousand)
Tepe İnşaat extended its successful operational track record in 2014,
posting net sales revenue of TL 49,076 thousand.
217th
Place on ENR Top 250 List
Having made a distinguished name for itself by completing quality projects in different industry segments, Tepe İnşaat ranked 217th on the
ENR Top 250 List 2014 of the world’s leading construction companies.
4
TEPE İNŞAAT 2014 ANNUAL REPORT
51.5 million
Total Investment Value of Kozyatağı Anadolu Gayrimenkul Plaza
Tepe İnşaat aims to develop Kozyatağı Anadolu Plaza Project in cooperation with AEH Gayrimenkul Yatırımları A.Ş. on a 73,000 m2 tract of
land in Kozyatağı, Istanbul. The project has a total value of US$ 51.5
million
360,000 tons
Total Capacity of Turkmenistan Silo Project
In 2014, Tepe İnşaat completed construction of eight silos with total
capacity of 360,000 tons, contracted in Turkmenistan.
AT A GLANCE
İş Towers,
Levent, Istanbul
HUMAN, SPACE, LIFE
5
Atatürk Airport,
Yeşilköy, Istanbul
6
TEPE İNŞAAT 2014 ANNUAL REPORT
AT A GLANCE
Istanbul Sea Buses,
Yenikapı Dock, Istanbul
HUMAN, SPACE, LIFE
7
Kanyon Shopping Center,
Levent, Istanbul
8
TEPE İNŞAAT 2014 ANNUAL REPORT
AT A GLANCE
HUMAN, SPACE, LIFE
9
Major Developments in 2014
Placing great importance on meeting its responsibilities to the
natural environment in all company operations, Tepe İnşaat
adopts and implements international quality and environmental
standards in its construction projects.
Park Mozaik, Ankara
Narlife Project: First phase delivery completed
First phase residence units of Narlife Project, Tepe İnşaat’s second residential development in Maltepe, Istanbul following the Narcity Project, were delivered to clients in 2014. Block C, with 609 total flats and constructed on a
30,000 m2 tract, was completed in March 2014, one year ahead of schedule.
Units in Block A and B will be delivered in March 2015, as planned. The development project also includes social facilities of about 2,000 m2, an indoor
and outdoor swimming pools, outdoor sports facilities and walking trails.
Environmentally friendly projects nominated for LEED®
certification
Placing an utmost priority on fulfilling its environmental responsibilities in
all company operations, Tepe İnşaat adopts and implements international
quality and environmental standards in its construction projects. To this
end, the Company’s Narlife and Park Mozaik development projects have
been nominated for LEED® certification, which is awarded by the US Green
Buildings Council (USGBC). With these two “green” projects, Tepe İnşaat ensures a high quality of life for the development’s residents using a wide variety of means, from energy saving techniques to natural recreational areas.
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TEPE İNŞAAT 2014 ANNUAL REPORT
Park Mozaik, Ankara
A new business center is rising on Istanbul’s Asian side
Enjoying long-standing experience in the “smart” business center segment,
Tepe İnşaat plans to complete construction of the Kozyatağı Anadolu Plaza
Project, currently underway in Kozyatağı, Istanbul, in cooperation with AEH
Gayrimenkul Yatırımları A.Ş., in July 2015. Situated in one of the densest
commercial districts on the Asian side of Istanbul, the project is being developed on a 73,000 m2 tract and has a total value of US$ 51.5 million.
Construction and sales efforts for Park Mozaik are underway
In August 2014, construction and sales for the Park Mozaik Project, conducted by a Tepe İnşaat and Mesa Mesken joint venture in Yaşamkent, Ankara,
commenced on a phase-by-phase basis. The residential development, consisting of 885 units to be constructed on a 74,000 m2 tract, comprises social
facilities for all types of recreational activities, impressive and functional
landscaped areas, and floor plans that offer various alternatives beyond the
routine.
AT A GLANCE
İş Towers,
Levent, Istanbul
HUMAN, SPACE, LIFE
11
Tepe İnşaat in Brief
Guided by Prof. Dr. İhsan Doğramacı’s philosophy, “further, toward
the best,” Tepe İnşaat makes significant contributions to the nation’s
economy by continuously expanding its top-line project portfolio.
Operating in the construction business, the leading sector in adding value to
the national economy, Tepe İnşaat has a strong brand reputation thanks to
the many high quality and high profile development projects it has completed, especially in the international market. Backed by 46 years of industry
experience, the Company pioneered the training of qualified personnel as
needed by the Turkish construction sector.
Focused on creating value for all stakeholders, and especially the main
shareholder Bilkent Holding A.Ş., the Company is an industry standout in
demonstrating a sustainable financial performance and embracing high quality standards. Tepe İnşaat abides by Bilkent University founder Prof. Dr.
İhsan Doğramacı’s philosophy “Further, toward the best.” To this end, the
Company’s portfolio of high-profile projects include housing developments;
shopping malls; office complexes; healthcare facilities; educational facilities
and campuses; sports and recreational facilities; hotels; military facilities;
power plants and industrial facilities; transportation infrastructure and roads; religious facilities; urban infrastructure; pipelines and water supply infrastructure; renovation and pre-engineered projects. The Company makes
valuable contributions to Turkish Economy by extending its project portfolio
consistently.
Driven by its well-skilled human resources and well-established brand reputation, Tepe İnşaat reported registered capital of TL 800,000,000 as of
December 31, 2014.
Company’s Shareholders
Share
Class
TL
Participating
Share (%)
Bilkent Holding A.Ş.
A
1
0
Bilkent Holding A.Ş.
B
689,765,170
86.28
Tepe Emlak Yat. İnş. A.Ş.
B
104,000,091
13
Tepe Savunma ve Güv. Sis. A.Ş.
B
5,672,386
0.7
Tepe Home Mob. Dek. Ürün
San. ve Tic. A.Ş.
B
562,352
0.02
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TEPE İNŞAAT 2014 ANNUAL REPORT
AT A GLANCE
Narcity,
Maltepe, Istanbul
HUMAN, SPACE, LIFE
13
Esenboğa Airport,
Esenboğa, Ankara
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TEPE İNŞAAT 2014 ANNUAL REPORT
AT A GLANCE
Kanyon Shopping Center,
Levent, Istanbul
HUMAN, SPACE, LIFE
15
Vision, Mission and Corporate Values
Vision
•To provide resources to Bilkent University, the principal shareholder, and
make a tangible contribution to national education;
•To provide added value to the national economy by producing and generating employment;
•To pursue its activities with respect for ethical values, in order “to survive,” and “be trustworthy,” in accordance with its mission and vision of becoming a leading company across different business lines, and on a global
scale, and of establishing a presence in diverse geographical regions.
Corporate Values
Mission
•To create the necessary resources for Bilkent University to continue developing and growing;
•To make a contribution to Turkey’s future by transferring the values and
resources it created at the establishment of Bilkent University, Turkey’s
first foundation university and one of the country’s most distinguished
educational institutions;
•To focus on success in each project undertaken for each new client, whether it is an institution or an individual, without compromising on quality,
with complete confidence in its human resources, by considering environmental sustainability and by incorporating global technological developments and contemporary demands;
•To introduce innovations to the industry while developing a variety of
construction projects in both Turkey and abroad.
Adhering to Ethical Values and Laws
Possessing a Sense of Responsibility
•To be aware of its responsibilities towards customers, employees and
suppliers, as well as to the environment and the wider community.
•To undertake only the services it is capable of offering under turnkey infrastructure projects, as well as investment projects, from concept design
to final delivery, including land, funding, design, construction and marketing phases, and to execute all contracts comprehensively.
•To adhere to ethical rules and laws to the fullest extent in striving towards
best service and product quality in its field of activity, observing competition, efficiency and profitability. To comply with all laws and regulations
applicable in the national, as well as overseas regions where projects are
implemented.
Being Customer Satisfaction Oriented
•To ensure continuous customer satisfaction by taking into consideration
evolving and growing customer expectations.
•To establish clear and transparent communication with customers, while
providing services in a timely manner according to its commitments.
Creating Global Value
•To contribute to the environmental, economic, social and communal development of each region where the Company’s projects are realized.
Sharing the Success
•To share the successes attained with its employees, customers, business
associates and the community.
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TEPE İNŞAAT 2014 ANNUAL REPORT
AT A GLANCE
HUMAN, SPACE, LIFE
17
Bilkent Station,
Bilkent, Ankara
18
TEPE İNŞAAT 2014 ANNUAL REPORT
AT A GLANCE
HUMAN, SPACE, LIFE
19
Key Financial Indicators
Tepe İnşaat once again maintained operational profitability in
2014, thus instilling confidence in the Company’s stakeholders.
Balance Sheet Figures (TL Thousand)(*)
2014
A-Current Assets
836,725
Liquidity Ratios(*)
2014
Current Ratio
3.92
B-Fixed Assets
1,016,265
Acid Test Ratio
3.83
Total Assets
1,852,991
Cash Ratio
A-Short-term Foreign Liabilities
B-Long-term Foreign Liabilities
C-Shareholders’ Equity
(*)
213,450
Operating Ratios(*)
304,601
Accounts Receivable Turnover Rate
1,334,939
Net Working Capital (TL)
Income Statement Figures(*)
2014
Net Sales
49,076
Cost of Sales (-)
37,015
Gross Sales Profit or Loss
12,060
Operating Expenses (-)
5,011
Operating Profit or Loss
7,049
Revenues and Profits from Other Operations
75,809
Expenses and Losses from Other Operations (-)
14,690
Financial Expenses (-)
10,761
Ordinary Profit or Loss
57,406
41,927,864.89
Revenues and Profits from Previous Period
709,420.09
Other Extra-ordinary Profits and Revenues
41,218,444.80
Extra-ordinary Expenses and Losses (-)
68,917,627.28
Expenses and Losses from Non-working Segments (-)
0.00
Expenses and Losses from Previous Period (-)
1,836,618.93
Other Extra-ordinary Expenses and Losses (-)
67,081,008.35
Expenses or Losses for the Period
30,416,657.23
Prepared according to the stand-alone financial statements.
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TEPE İNŞAAT 2014 ANNUAL REPORT
427.56
0.06
623,275,577.73
Net Working Capital Turnover Ratio
0.08
Tangible Fixed Assets Turnover Ratio
0.29
Total Assets Turnover Ratio
0.03
Equity Turnover Ratio
0.04
Financial Leverage Ratios(*)
Financial Leverage Ratio
0.28
Financing Ratio
2.58
Ratio of Equity to Total Assets
0.72
Ratio of Short-term Debts to Total Liabilities
0.12
Ratio of Short-term Debts to Total Debts
0.41
Ratio of Long-term Debts to Total Liabilities
0.16
Ratio Analysis Pursuant to the Public
Procurement Law(*)
Current Ratio
17.93
Ratio of Equity to Total Assets
0.958
Ratio of Short-term Financial Liabilities to Total Equity
(*)
(*)
0.85
Debt Collection Period
Current Assets Turnover Ratio
Prepared according to the stand-alone financial statements.
Extra-ordinary Profits and Revenues
1.05
2014
Prepared according to the stand-alone financial statements.
AT A GLANCE
0.00
Subsidiaries and Affiliates (as of 31.12.2014)
Company Name
Ankara Teknoloji A.Ş.
Total Capital
Participation Amount
Participation Share (%)
9,600,000
1,106,032
11.52
Antepe Sağlık ve Turz. Hizm. Tic. Danş. A.Ş.
3,000,000
2,975,000
99.17
Travelex Döviz Ticaret A.Ş. (Artı Döviz A.Ş.)
4,500,000
562,500
12.50
Batı Karadeniz Elektrik Dağıtım A.Ş.
1,400,000
294,000
21.00
Bilenerji A.Ş.
Bilan Bilkent Ankara Tepe Otel A.Ş.
Bilbak Bilkent Bak. A.Ş.
Bilintur A.Ş.
Bilintur Kültür Turizm Yat. ve Tic. A.Ş.
30,550,000
4,530,047
14.83
5,500,000
2,694,723
48.99
500,000
450,070
90.01
57,500,000
21,500,000
37.39
50.00
100,000
49,997
Bilen Bilkent Enerji Yat. A.Ş.
1,150,000
1
0.00
Bilsigorta A.Ş.
1,000,000
400
0.04
Bitu Turizm ve İnşaat Yatırım A.Ş.
C.B. Spolka Zograniczona Odp. - Poland
Dilek İnşaat A.Ş.
Hyper Foreign Trade - Holland
50,000
2,500
5.00
7,843,277
2,221,970
28.33
22,000,000
2,968,610
13.49
137,019
73,394
53.56
22.50
Kirazlı Konutları Adi Ortaklığı
10,000
2,250
Knauf İnşaat ve Yapı Elm. A.Ş.
208,719,293
4,118
0.00
Meteksan Matbacılık A.Ş.
90,000,000
5,864,454
6.52
Meteksan Savunma A.Ş.
10,000,000
607,310
6.07
Optisis İletişim ve Bilgi Teknolojileri A.Ş.
300,000
3,000
1.00
Park Villa İnşaat ve Turizm A.Ş.
500,000
250,000
50.00
15,000
13
0.01
Pft Sıva Sistemleri A.Ş.
26,000,000
21,888,158
84.19
İDO İst. Deniz Otobüsleri San. ve Tic. A.Ş.
Sports International A.Ş.
210,900,000
63,270,000
30.00
Tav Esenboğa Yatırım Yapım ve İşl. A.Ş.
241,650,000
10
0.00
Tav Havalimanları Holding A.Ş.
363,281,250
29,273,852
8.06
Tav Yatırım Holding A.Ş.
100,500,000
24,346,000
24.22
30,000,000
22,200,000
74.00
Tepe Emlak Yatırım İnş. ve Tic. A.Ş.
Tepe Betopan A.Ş.
225,000,000
151,047,069
67.13
Tepe Home A.Ş.
168,000,000
70,497,334
41.96
93.585.200
93.585.200
100
145,000
144,565
99.70
Tepe Mesa Adi Ortaklığı
1,000,000
500,000
50.00
Tepe Nacap İş Ortaklığı
50
35
70.00
Tepened Investment B.V.
Tepe İnşaat ve Ticaret (Kıbrıs) Limited
Tepe Prefabrik İnşaat Sanayi ve Tic. A.Ş.
12,000,000
10,213,333
85.11
Tepe Savunma ve Güv. Sist. A.Ş.
30,000,000
18,779,952
62.60
6,000,000
1,039,919
17.33
100,000
60,000
60.00
1,000,000
550,000
55.00
Tepe Servis ve Yönetim A.Ş.
Tepe Tesan Adi Ortaklığı
Tepe Türkmen A.Ş.
HUMAN, SPACE, LIFE
21
Bilkent Holding
Companies operating under the umbrella of Bilkent Holding are
leaders in their respective sectors. These exemplary enterprises
lead in terms of turnover and market share with their sustainable
financial and operational performance, and in implementing a
strong corporate governance approach.
The foundations of Bilkent Holding, one of Turkey’s pioneering private sector
corporations with the many prestigious brands it includes, dates back to Dilek
İnşaat, established by İhsan Doğramacı in 1968. In 1969, Tepe Ağaç Metal
ve Makina Sanayi and Meteksan were founded. During a fundamental restructuring in 1986, these companies were gathered under the roof of Bilkent
Holding.
Focused on creating significant value for partners and stakeholders since its
inception, Bilkent Holding has always prioritized customer satisfaction, profitability and excellence in quality in all industries in which it operates. Conducting operations within a broad range of industries that include construction,
furniture retailing, printing and paper production, real estate and airport management services, Bilkent Holding has extended its deep-rooted experience
and know-how to international markets, with operations in the Middle East,
North Africa, Turkic Republics, Eastern Europe and Russia. While working
to further expand its operating area and geographic reach, Bilkent Holding
currently ranks among the 50 largest corporate groups in Turkey, according
to both domestic and international business information sources.
Companies operating under the umbrella of Bilkent Holding are leaders in their respective sectors. These exemplary enterprises lead in terms of turnover
and market share with their sustainable financial and operational performance, and in implementing a strong corporate governance approach. Tepe İnşaat,
Bilkent Holding’s flagship company in the construction industry, comes to the
forefront with its robust operations in Turkey as well as successful projects
completed abroad. The Company expanded its operations by taking the high
quality standards and strong brand image achieved by the Tepe brand in the
construction sector to the furniture and retail industries. While Tepe Mobilya
produces tailor-made designs to achieve high levels of customer satisfaction,
Tepe Home undertakes the marketing/sales efforts for Tepe Mobilya products.
Tepe Home also introduced the mass merchandising concept to the Turkish
furniture market, and is the innovative force in the sector. Bilkent Holding is
rapidly expanding its operations in the furniture and retail industries, transferring the high quality standards and powerful brand image gained with the
Tepe brand in the construction industry. Tepe Home Mobilya produces and
sells tailor-made designs to achieve high-level customer satisfaction. As the
leading innovative brand in the industry, Tepe Home Mobilya has introduced
the megastore furniture retailing concept to Turkey. Meanwhile, Meteksan
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TEPE İNŞAAT 2014 ANNUAL REPORT
Matbaa is a significant player in the printing-paper industry with an annual
production capacity of nearly 100,000 tons; the company is widely known for
its product range and diversity.
Tepe Emlak has been involved in the construction of seven shopping centers in
Turkey and the operation of the Ankara Bilkent Center as well as the Istanbul
Tepe Nautilus shopping malls. The company continues to create retail venues
that become centers of attraction thanks to the experience and know-how it has
gained since the shopping center sector became more institutionalized. Tepe
Savunma is another company that has achieved stable growth under the Bilkent
Holding roof. Bilintur, founded by the Holding to operate in hotel management
and catering, also continues to steadily increase its market share with customer-focused business processes and high quality standards.
As Turkey’s largest cement board manufacturer, Tepe Betopan ranks among the
three largest cement-bonded particleboard producers in the world and exports
its products to regions around the globe. The primary factor that ensures the
success of Bilkent Holding’s operations is the Group companies’ ability to form
new subsidiaries and to support the Holding’s total profitability without compromising on corporate values and principles. The most prominent example
of this business model that has provided substantial added-value for Bilkent
Holding is TAV Havalimanları ve Yatırım Holding, which was founded under a
Tepe-Akfen partnership. Other key factors that have moved the Holding forward
during its corporate development, known as the “Journey toward Excellence,”
are its professional approach to human resource management, which is based
on finding the ‘right person for the right job,’ and the implementation of environmentally friendly practices.
Setting its future targets within the framework of a five-year strategic plan, Bilkent Holding maintained its sustainable financial and operational performance
in 2014. The Holding focuses on bolstering its market leadership in its operating sectors. In addition, the Holding closely monitors collaborative projects
undertaken by public and private sectors, privatizations, overseas investment
opportunities and investment projects with the help of advanced technology
applications and its specialized staff. Making significant contributions to the development of the Turkish private sector and powered by more than 40 years of
experience, Bilkent Holding remains committed to generating added value for
Turkey in the coming year, with the Holding’s robust and innovative operations.
AT A GLANCE
Bilkent University,
Bilkent, Ankara
HUMAN, SPACE, LIFE
23
Bilkent University Odeon,
Bilkent, Ankara
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TEPE İNŞAAT 2014 ANNUAL REPORT
AT A GLANCE
Bilkent University Concert Area,
Bilkent, Ankara
HUMAN, SPACE, LIFE
25
Esenboğa Airport,
Esenboğa, Ankara
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TEPE İNŞAAT 2014 ANNUAL REPORT
AT A GLANCE
HUMAN, SPACE, LIFE
27
A 46-Year History Dedicated to Creating Long-Term Value...
1980s
2000s
1982
2000
Bilkent University Campus
Turkish Armed Forces Rehabilitation Center
Turkey’s first foundation university was established in October 1984 by the
İhsan Doğramacı Foundation. Classes started with 386 students in 1986;
today, the University has 12,000 students in nine faculties, two professional
schools, three vocational schools and six institutes. Bilkent graduates are
among Turkey’s most valued human capital. The Bilkent Campus lies within
the boundaries of Bilkent, a city created over the course of 15 years on the
plains of Ankara. On 612 hectares, Bilkent is a “City of Science” that meets every need with its campus, residences, business and shopping centers,
sports complex, concert halls, hotel and movie theaters, dam, power plant,
forest and symphony orchestra.
Built on a total area of 102,500 m2, with a 400-bed capacity, this facility was
established to provide rehabilitation services to military veterans. The facility design was selected as a result of an architectural competition.
1990s
Turkey’s first smart building, the İş Bankası Headquarters Complex is one
of the most magnificent high-rises in Istanbul. Located in the urban heart
of industry, commerce and culture, it represents a significant example of a
smart building, not only in Turkey but also in Europe and the Middle East.
İş Bankası Headquarters Complex is the highest skyscraper between Dubai
and Frankfurt with its two towers, 52 and 36 stories, respectively.
2001
1999
Beykoz Mansions
Atatürk Airport (Build-Operate-Transfer)
Built by the joint venture of the Tepe and Akfen groups (TAV), the International Terminal of the Istanbul Atatürk Airport was completed and started
operating within two years. A company specialized in airport construction,
operation and financing, today, TAV is an international power house, an
industry leader in Turkey and is among the most prominent companies in
the Middle East, North Africa and the Caucasus. The New International Terminal of the Atatürk Airport commenced operations on December 22, 1999.
With an additional facility launched in 2004, the capacity of the terminal
increased from 14 million passengers to 20 million annually. In July 2005,
TAV also undertook operations at the Atatürk Airport Domestic Terminal.
With an area of 62,500 m2, the Domestic Terminal has been modernized to
accommodate an average of 7.5 million passengers each year. The Development and Expansion Project at the Domestic Terminal entered its final phase
in 2010 and yielded a total additional covered space of 18,770 m2.
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İş Bankası Headquarters Complex
TEPE İNŞAAT 2014 ANNUAL REPORT
Built on 100 hectares in the Saip Molla Pasha Woods in Beykoz, Istanbul,
Beykoz Mansions is one of Tepe İnşaat’s most prestigious developments.
The 401 mansions are in perfect harmony with their natural surroundings. Concurrently nostalgic and modern, the development’s environs harken
back to a time two-centuries prior. The historical Hunting Lodge, which was
renovated true to its original form, serves residents with a library, billiards
tables, gaming and event lounges, a spacious garden designed for large receptions and a kitchen. Beykoz Mansions ranks among the most exclusive
residences in Istanbul.
Tepe Nautilus Shopping Center
Nautilus or Lighthouse Shopping Center was inspired by the seaside around
Kadıköy, on the Asian side of Istanbul, one of the most historic coastal cities
in the world. Nautilus is the largest retail center on Istanbul’s Asian side.
With its luminous design, Nautilus offers visitors a comfortable shopping
environment throughout the day.
AT A GLANCE
İş Towers,
Levent, Istanbul
HUMAN, SPACE, LIFE
29
Kanyon Shopping Center,
Levent, Istanbul
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TEPE İNŞAAT 2014 ANNUAL REPORT
AT A GLANCE
Kanyon Shopping Center,
Levent, Istanbul
HUMAN, SPACE, LIFE
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A 46-Year History Dedicated to Creating Long-Term Value...
2002
2006
Kemer Rose Residence
Narcity Housing Development
The housing estate, built in Kemerburgaz on a 35,000 m2 tract among
unique rose gardens, comprises 70 blocks and offers a tranquil lifestyle in
touch with nature. The sports facilities of Kemer Rose Residence also provide residents a wide range of fitness and exercise options.
Built on approximately 147,000 m2 in Maltepe, Istanbul, the Narcity complex is landscaped primarily with pomegranate trees, reflecting the name
‘nar’, Turkish for pomegranate. Built in compliance with the latest earthquake regulations, Narcity Housing Development consists of 1,306 units with
state-of-the-art soundproofing, heating and water insulation systems. With
high-quality materials and workmanship as well as its extensive social facilities and security systems, Narcity Housing Development is a strong candidate as one of Istanbul’s favorite residential destinations. The Development
project, launched in January 2006, is now being populated.
2004
The Eczacıbaşı Kanyon Project
Kanyon is a modern open-air shopping center built by Tepe İnşaat in Istanbul. Kanyon houses 160 stores, a gourmet supermarket, street market, movie theaters, restaurants, cafeterias, bars, a sports and health center, indoor
and outdoor swimming pools and open-air performance venues, residential
and office buildings and shopping and entertainment centers. Kanyon was
built by the partnership of Eczacıbaşı and İş Gayrimenkul on an area of
250,000 m2 in compliance with domestic and international earthquake regulations.
2006
Esenboğa Airport
2005
Esenboğa Airport provided Ankara with a facility that suits the capital city.
With an annual capacity of 10 million passengers, Esenboğa Airport is the
only airport in Turkey that combines domestic and international terminals
under one roof. Completed one year ahead of schedule, it has become the
modern face of Turkey’s capital.
Baku-Tbilisi-Ceyhan Crude Oil Pipeline
2007
Tepe İnşaat participated in the construction of the 277-kilometer section of
the BTC pipeline and pumping stations between Posof and Erzurum.
Other projects carried out in 2005 include:
• İmranlı-Kayseri Natural Gas Pipeline,
• Kütahya-Bilecik-Uşak Natural Gas Pipeline.
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TEPE İNŞAAT 2014 ANNUAL REPORT
Bilkent Garden Homes
Bilkent Garden Homes consists of 124 twin-villas built on 123,000 m2. Set
amid superb natural beauty, the villas are 500 m2 each and equipped with
state-of-the-art technology. The complex includes two playgrounds for children, an observation deck, jogging tracks, swimming pool, game room, fitness
center with sauna, cafeteria, tennis, basketball and volleyball courts. Bilkent
Garden Homes has been designed to meet the social needs of its residents.
Situated in an urban location far from the hustle and bustle of the city and
combining the beauty of nature with the amenities of contemporary living,
Bilkent Garden Homes has generated great interest. The development project was launched end of 2005 and was completed at the end-2007. All units
were sold before the construction was actually completed.
AT A GLANCE
Bilkent Garden Homes,
Bilkent, Ankara
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Bilkent Garden Homes,
Bilkent, Ankara
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TEPE İNŞAAT 2014 ANNUAL REPORT
AT A GLANCE
Bilkent Garden Homes,
Bilkent, Ankara
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A 46-Year History Dedicated to Creating Long-Term Value...
2008
2010
Hacettepe University Hospitals: The Morphology Building and
Seventh and Eighth Block Retrofits
Narkule Istanbul
Completed in December 2008, the hospital project has a total construction
area of 28,500 m2. As part of this project, among the most important undertaken by Tepe İnşaat for Hacettepe University, the seventh and eighth
blocks and the Morphology Building were reinforced against earthquakes.
Departments such as Internal Medicine, Urology, Neurology, General Surgery, Brain Surgery and Gastrology were renovated at the seventh block.
In addition, departments of Biochemistry, Microbiology, Endocrinology,
Geriatrics, Nephrology, Infection, Rheumatology, Hematology, Gastrology,
Coronary Intensive Care and the Emergency Room laboratories as well as
the inpatient floor were refurbished in the Morphology Building. The project
was completed and delivered as of December 2008.
2009
Tepe Prime
Tepe Prime Business, Tepe Prime Residence and Tepe Prime Avenue with
an indoor area of 92,800 m2, aim to provide absolute comfort to its residents
and guests. The development project was completed in 2011.
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TEPE İNŞAAT 2014 ANNUAL REPORT
Built in Maltepe, Istanbul on a tract adjacent to Narcity, the Narkule development was designed as a boutique project targeting the joys of living in
a high-rise with modern architecture. With the slogan, “Some Like It High,”
Narkule combines contemporary architecture with a youthful, dynamic, dignified and colorful style coupled with high-quality living standards and breathtaking scenery. Most of the 108 residential units in the 27-story Narkule
development project have a splendid view of the forest, sea and the islands.
2011
Privatization of Istanbul Sea Buses
İstanbul Deniz Otobüsleri Sanayi ve Ticaret A.Ş. (İDO) was established in
1987 in an effort to help resolve traffic congestion in Istanbul. Now considered one of the largest maritime transport fleets in the world, it was taken
over for US$ 861 million by the Tepe-Akfen-Souter-Sera (TASS) consortium.
This company, of which Tepe İnşaat has a 30% share, has undertaken important initiatives to expand its transportation network and infrastructure.
AT A GLANCE
Tepe Prime,
Bilkent, Ankara
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TEPE İNŞAAT 2014 ANNUAL REPORT
AT A GLANCE
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A 46-Year History Dedicated to Creating Long-Term Value...
2012
TAV Havalimanları A.Ş. Share Sale
Kozyatağı Anadolu
Gayrimenkul Plaza, İstanbul
In 2012, Tepe İnşaat transferred an 18% stake in TAV Havalimanları A.Ş. to
Aéroports de Paris Management, one of the world’s leading airport operators, for US$ 414 million. Upon successfully closing this sales transaction,
realized in a period when global markets suffered serious fragility, JCR Eurasia Rating affirmed the long-term domestic rating of Bilkent Holding, the
Company’s principal shareholder, as “A-(Trk),” and its outlook as “stable.”
Subsequent to this sale transaction, which considerably fortified the financial performance and market efficiency of both Tepe İnşaat and Bilkent Holding, the Company’s stake in TAV Havalimanları A.Ş. amounted to 8.1%.
Narlife Project
In 2006, Tepe İnşaat entered the housing sector at a brisk pace with its Narcity and Narkule developments completed in the Maltepe region of Istanbul,
and commenced the construction works of the Narlife project in the same
region. Located on a total area of 29,500 m2 with Princes’ Islands views, the
development project offers 609 flats with one, two, three or four bedroom
and duplex apartment options, together with social facilities of 2,000 m2
made available to residents, comprising outdoor and indoor swimming pools
and a children’s pool, as well as a playground, sauna, fitness hall, market
and café, together reflecting the Tepe İnşaat blend of quality and aesthetics.
Bringing a fresh perspective to the housing sector, the Narlife development
is planned for completion in March 2015.
2013
Park Mozaik Project
Tepe İnşaat entered into a cooperation agreement with Mesa Mesken to develop the Park Mozaik development project, which consists of 885 residential units on a 74,000 m2 tract in Yaşamkent, Ankara. Construction and sales
were started in 2014.
Construction of Silos with a Total Capacity of 360,000 Tons in 8
Different Regions of Turkmenistan
Tepe İnşaat completed the silo design and construction project, with total
capacity of 360,000 tons and located in eight provinces of Turkmenistan
(Altınsahra, Tejen, Babadayan, Karakum, Garıssızlık, Sparmyrat, Boldumsaz, Beyik), in May 2014. The project also includes rehabilitation of adjacent
areas.
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TEPE İNŞAAT 2014 ANNUAL REPORT
2014
Kozyatağı Anadolu Gayrimenkul Plaza
The Kozyatağı Gayrimenkul Anadolu Plaza Project, which is being developed in Kozyatağı, Istanbul in collaboration with AEH Gayrimenkul Yatırımları A.Ş., will be built on a 73,000 m2 tract of land. The total value of the project
amounts to US$ 51.5 million; the development is scheduled for completion
in July 2015. The Kozyatağı project consists of two office towers of 26 and 27
floors each and two podiums to be erected on four basement levels.
AT A GLANCE
Narlife,
Maltepe, Istanbul
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Message from the Management
truction and contracting companies, demonstrates once again that Tepe İnşaat
is a strong representative of the Turkish construction industry in the international arena. Implementing a complete differentiation strategy in line with its
Strategy and Implementation Plan, the Company conducts its operations with
an exceptional focus on technology, quality and after-sales services in addition
to high-profile development projects.
Successful examples of this approach include our projects Bilkent 1, Bilkent 2,
Bilkent 3, Beykoz Konakları, Kemer Rose Residence, Narcity, Narkule, Narlife
and Tepe Prime. Park Mozaik, a development project underway in Ankara, will
join this ever-growing list of accomplishments upon its completion.
In line with the aim of becoming an EPC contractor for contracting projects,
Tepe İnşaat increases its business volume in target country markets each passing day. Augmenting its operations in Turkey, the Company has a presence in
countries designated in our medium-term localization plan. This plan includes
establishing a physical presence, with construction sites and offices, in attractive markets identified in our geographic positioning strategy while focusing
on three main segments: infrastructure, industrial plants and superstructures.
Tepe İnşaat plans to continue contributing to Turkey’s growth, employment
and construction industry via our projects in Turkey as well as abroad, while
making significant investments in human resources, technology and research.
As the management, we strive to take Tepe İnşaat forward into future by
effectively maintaining, managing and expanding the Company’s well-earned
reputation. We accomplish this by adhering to an approach that prioritizes people and environmental awareness; pursuing a vision based on transparency,
sound operating principles, rational and ethical values; and executing strong
corporate governance strategies.
Having realized many “firsts” in Turkey over the years, Tepe İnşaat continues to bolster the country and the construction sector’s reputation thanks
to its innovative, entrepreneurial and ethical values and sound business
approach. Having completed construction and contracting projects, as
well as investment projects, both in Turkey and abroad, the Company has
regularly appeared on ENR’s Top 225 International Contractors List since
2011. Ranking on this prestigious list, made up of the world’s largest cons-
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Ali Haydar KURTDARCAN
Chairman
TEPE İNŞAAT 2014 ANNUAL REPORT
We would like to express our gratitude to our shareholders, customers and
employees for their support to our operations in 2014, which we conducted under Prof. Dr. İhsan Doğramacı’s guiding philosophy, “Further, toward the best.”
We wish a bright future to our country and our people who deserve the best of
everything...
Respectfully yours,
Abdullah Bahadır GÜNGENCİ
Executive Member
AT A GLANCE
Atila Kemal OĞUZ
General Manager
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Board of Directors, Senior Management
Board of Directors
Ali Haydar Kurtdarcan, Chairman
Abdullah Bahadır Güngenci, Board of Directors Executive Member
Abdurrahman Kürşat Aydoğan, Board of Directors Member
Önder Sezgi, Board of Directors Member
Levent Onural, Board of Directors Member
Senior Management
Abdullah Bahadır Güngenci
Board of Directors Executive Member
Abdullah Bahadır Güngenci was born in Ankara in 1951 and received his
BSc in Civil Engineering at Middle East Technical University in 1976. Mr.
Güngenci worked on the Iraq-Turkey Crude Oil Pipeline Project between
1976 and 1977 then took part in the construction of the Petkim Aliağa Facilities Water Treatment and Demineralization Units between 1979 and 1980.
He was employed in Bahrain at the AISCO Iron Enrichment Plant Project and
worked in marine dredging and the construction of the pier and plant from
1980 until 1986. He continued his career at Günkay İnşaat in Turkey until
joining Tepe İnşaat Sanayi A.Ş. in 1994, where he worked as Group Coordinator for Hospital Projects. In the following years, he was Assistant General
Manager for Foreign Affairs and for Infrastructure Projects. Mr. Güngenci
was appointed as an executive member to the Board of Directors on April 14,
2010 and also serves on the Boards of Tepe Türkmen İnşaat ve Ticaret A.Ş.,
Park Villa İnşaat ve Turizm A.Ş. as a Vice Chairman, and also Board Member
at İDO İstanbul Deniz Otobüsleri San. ve Tic. A.Ş., Dilek İnşaat ve Tic. A.Ş.,
and Antepe Sağlık ve Turizm Hizmetleri Tic. Danışmanlık A.Ş.
Atila Kemal Oğuz
General Manager
He graduated from Kuleli Military High School in 1982, and Yıldız Technical University Faculty of Civil Engineering in 1989. He later completed the
Executive MBA Program at Bilkent University Faculty of Business Administration and Global Competition Strategies Program at the University of Michigan. He started working for the well-known companies in the industry as
a Site Engineer, and continued his career in different positions as a Planning
Engineer, Site Manager, Project Manager, Project Coordinator and General
Manager. He is in charge of developing the corporate culture of the Company
and of managing strategies of change, and investment and contract projects.
He defines Tepe İnşaat as a human and customer oriented Company that
trains its employees. He supports the Turkish construction industry in order
to increase its share in the international contracting market. Experienced
particularly in investment projects in Turkey besides superstructures and
industrial structures in the contracting industry outside Turkey in countries
such as Croatia, Russia, Azerbaijan, Kazakhstan, Georgia, Germany, Iraq,
Afghanistan, and Turkmenistan, Atila Kemal Oğuz has been working as the
General Manager of Tepe İnşaat since 2010.
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TEPE İNŞAAT 2014 ANNUAL REPORT
Mustafa Kalender
Deputy General Manager, Financial and Administrative Affairs
Mustafa Kalender was born in Mengen, Bolu in 1964 and he graduated from
Anadolu University, Faculty of Business Administration in 1987. Mr. Kalender started his career at Tepe İnşaat on September 1, 1988, serving as
Treasurer from 1988 to 1992, Chief of Treasury between 1993 and 1994,
and Director of Finance from 1995 until 2001. He has worked as Deputy General Manager for Financial and Administrative Affairs since 2002. Mustafa
Kalender became a licensed Independent Accountant and Financial Advisor
in 1989; in addition, he became a licensed Independent Auditor in 2014.
Mr. Kalender believes that the most important factor in fostering loyalty
among personnel and ensuring the Company’s growth and improvement
is engendering a sense of team spirit, especially among high performance
employees who have strong sense of belonging to the organization.
Between 2005 and 2010, Mr. Kalender also served as a member on the Board of Directors at Tepe İnşaat. He also serves on the Board at TAV Group’s
various companies between 2005-2013, Dilek İnşaat ve Ticaret A.Ş., and
Antepe Sağlık ve Turizm Hizmetleri Tic. Danışmanlık A.Ş., Bilbak A.Ş., Bildes A.Ş and İDO.
Ali Karaca
Deputy General Manager, Domestic Projects
Having a degree in Civil Engineering from the Mediterranean University, Faculty of Engineering (Isparta) Karaca started working for Tepe İnşaat Sanayi
A.Ş. in 1992 as a Site Engineer and continued his career as a Site Manager,
Project Manager and Domestic Projects Coordinator. He has been working
as the Deputy General Manager in charge of Domestic Projects since 2009.
Şafak Kolay
Deputy General Manager, Overseas Projects
Born in 1964 in Ankara, Şafak Kolay graduated from Middle East Technical
University, Department of Civil Engineering in 1989. Subsequently, he has
worked in an executive capacity on both domestic and overseas projects
completed by Turkey’s leading contracting companies and as a manager at
different levels. Mr. Kolay has served on airport, highway, housing and social facilities and business center development projects in Russia, Ukraine,
Kazakhstan, Azerbaijan and Croatia. In Turkey, he took on several tasks
for hospital, pipeline, dam and HEPP projects. Mr. Kolay started working
at Tepe Group in 1995; since July 2013, he has served as Deputy General
Manager responsible for Overseas Projects at Tepe İnşaat.
AT A GLANCE
Tepe Prime,
Bilkent, Ankara
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TEPE İNŞAAT 2014 ANNUAL REPORT
AT A GLANCE
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Projects
Thanks to the wide range of projects it has developed, from
public-private infrastructure and superstructure projects to
investment projects, Tepe İnşaat is strengthening Turkey’s
industry-specific expertise and experience in construction.
Business Development and Operation Map
Domestic Project
Ankara
Construction of Hacettepe University Hospitals Modification and Major Repair Work, Reinforcement Works for Hacettepe University Gynecology Clinics, Construction of Gazi University Hematology- Ophthalmology Clinics,
Dolphin Söğütözü Office Building,
Park Mozaik Tepe&Mesa
Elazığ
Fırat University Sports Hall
Istanbul
Kozyatağı Anadolu Gayrimenkul Plaza
Narlife Project
International Project
Russia-Tatarstan
Trakya Glass Russian Zao Float Plant
Construction of Alabuga LLC Yelabuga Plant
Koluman, Russia LCC Plant Project
Drylock Facility Project
Turkmenistan
Turkmenistan Completion Work for Five Silos, Turkmenistan Construction
of Eight Silos, Turkmenistan National Glass Complex
Cities
Saparmurat, Boldumsaz, Garagum, Babadayhan, Tejen, Altınsahra, Garıssızlık, Beyliktürkmenbaşı, Ahal
Iraq
Taq Taq Operating Company Permanent Encampment Facilities Project
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TEPE İNŞAAT 2014 ANNUAL REPORT
OPERATIONS IN 2014
8 Silo Projects, Tejen Facility,
Turkmenistan
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Ruhabat Agriculture Warehouse, Macaroni Factory,
Turkmenistan
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TEPE İNŞAAT 2014 ANNUAL REPORT
OPERATIONS IN 2014
8 Silo Project, Tejen Facility,
Turkmenistan
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8 Silo Project, Tejen Facility,
Turkmenistan
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TEPE İNŞAAT 2014 ANNUAL REPORT
OPERATIONS IN 2014
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Park Mozaik,
Yaşamkent, Ankara
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TEPE İNŞAAT 2014 ANNUAL REPORT
OPERATIONS IN 2014
Narlife,
Maltepe, Istanbul
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Projects
Structuring all its operations around the principle of environmental
sustainability, Tepe İnşaat’s Narlife and Park Mozaik projects have
been nominated for LEED® Gold Certification, awarded by the US
Green Buildings Council (USGBC).
Construction of Coşkunöz Alabuga LLC Yelabuga Plant
Reinforcement Work for Fırat University Indoor Sports Hall
Start Date 2013
Total Building Area (m2) 12,000
Delivery Date June 30, 2014
Client Coşkunöz Metal Form
Start Date November 6, 2013
Total Building Area (m2) 15,884
Delivery Date August 17, 2015
Client Presidency of Fırat University
Completion and delivery of the project, which includes 12,000 m2 of construction work and which started in 2013 in the Special Industrial Zone in the
city of Yelabuga in Republic of Tatarstan-Russian Federation, was completed
and delivered to the client on June 2014.
The contract for the Fırat University Indoor Sports Hall and Annexes Project,
including the architectural and fine work, executed as reinforcement work,
was signed in 2013; the project is scheduled for completion and delivery in
2015.
Dolphin Söğütözü Office Building
Hacettepe University Hospitals Modification and Major
Repair Work
Start Date January 24, 2012
Total Building Area (m2) 19,649
Delivery Date December 31, 2014
Client Dolphin Gayrimenkul Yatırım ve Geliştirme Ltd.
Tendered by Dolphin Gayrimenkul Yatırım ve Geliştirme Limited Şirketi on
a “Build” and “Lump Sum Fixed Price” basis, and located on city block 28381
plot 2 in the Çankaya district of Ankara, the project comprises the turnkey
delivery of a “Class A” office building, including the construction, power
and mechanical, as well as related infrastructure and landscape works. The
office building, a focal point erected on a tract of 184 m2 located on the east/
west axis (Eskişehir road) of Ankara, consists of four underground floors, a
ground floor, 11 standard floors, a plant floor and penthouse. The contract
was terminated on December 31, 2014.
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TEPE İNŞAAT 2014 ANNUAL REPORT
Start Date October 9, 2009
Total Building Area (m2) 80,000
Delivery Date October 01, 2015
Client Hacettepe University, Office of Strategy Development
One of the most significant projects Tepe İnşaat has undertaken for Hacettepe University, this project started in 2009. It encompasses the construction, production and renovation of inpatient floors, meeting halls, polyclinics
and a cafeteria, as well as additional construction, installation and electricity work, air conditioning, automation, production of joint installations
and electricity systems, all to be carried out with world class materials and
workmanship. The aim is to complete the modification and repair works that
commenced in 2009 at the end the end of October 2015.
OPERATIONS IN 2014
Hacettepe University Medical Faculty Hospital,
Hacettepe, Ankara
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Hacettepe University Medical Faculty Hospital,
Hacettepe, Ankara
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TEPE İNŞAAT 2014 ANNUAL REPORT
OPERATIONS IN 2014
Hacettepe University Medical Faculty,
Graduation Ceremony Area
Hacettepe, Ankara
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Projects
Kozyatağı Anadolu Gayrimenkul Plaza
Start Date March 3, 2014
Total Building Area (m2) 73,000
Delivery Date July 24, 2015
Client AEH Anadolu Gayrimenkul Yatırım A.Ş.
The Kozyatağı Anadolu Plaza project, which developed in Kozyatağı, Istanbul in collaboration with AEH Gayrimenkul Yatırımları A.Ş., is built on a
73,000 m2 tract. The total project value is US$ 51.5 million. Scheduled for
completion in July 2015, the project consists of two office towers of 26 and
27 floors each and two podiums to be erected on four basements.
Narlife Residences
Start Date September 1, 2012
Total Building Area (m2) 122,668
Delivery Date June 1, 2015
Total Number of Units 609
The project, being built on the last tract of valuable land in the Maltepe region of Istanbul, and adjacent to the Narcity and Narkule projects, consists
of a total of 609 units with studio, one, two, three and four bedroom, and
duplex apartment options in three blocks erected on a construction area
of 30,000 m2. The project also includes the construction of indoor social
premises of approximately 2,000 m2, an indoor and outdoor swimming pool,
outdoor sports facilities and walking trails. Additionally, there are ongoing
private school and housing projects within the same region.
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TEPE İNŞAAT 2014 ANNUAL REPORT
Located within natural pinewood with views of the Princes’ Islands, the project is distinguished by its proximity to main roads, as well as by the green
area covering 60% of the total land area. Located next to the Yeditepe and
Maltepe University campuses, and 3 km from the E5 highway, 5 km from
the coastal road, 6 km from the TEM Highway and 20 km from Sabiha Gökçen Airport, the project offers easy access to main arterial roads. Targeting
the B+ residence customer profile, the project is also adjacent to the Süreyya
Paşa Chest Disease Hospital, the only local hospital specialized in this branch of medicine. The project, also boasting standards normally found in the A
segment, has been nominated for LEED® Gold Certification, awarded by the
US Green Buildings Council (USGBC).
Commencing in September 2012, the project’s units were offered for sale
in October of the same year. Block C from among blocks A, B and C, will be
completed and delivered in March 2014, one year ahead of schedule. Units
in Blocks A and B will be delivered in March 2015, as planned.
Narlife Nominated for LEED Gold Certification
The Company’s 609-unit, TL 230 million Narlife development, built on a
29,500 m2 tract in Maltepe, Istanbul, has been nominated for LEED Gold Certification. Planned, designed and constructed using an integrated environmentally friendly approach, Narlife aims to minimize environmental impact
and optimize natural resource consumption. The development is currently
undergoing an assessment by USBC and applications for two certification
designations were filed separately for both the building and grounds (green
areas, parking areas, pedestrian walkways and lighting elements).
OPERATIONS IN 2014
Narlife,
Maltepe, İstanbul
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Narcity,
Maltepe, İstanbul
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OPERATIONS IN 2014
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Projects
Park Mozaik Tepe&Mesa
Trakya Glass Rus Zao Float Autoglass Plant
Start Date 2014
Total Building Area (m2) 216,000
Total Number of Units 885
Start Date November 25, 2011
Total Building Area (m2) 147,142
Delivery Date 2014
Client Automotive Glass Alliance Rus ZAO
Park Mozaik Tepe & Mesa Project, which is being developed by a Tepe İnşaat
and Mesa Mesken joint venture, consists of 885 residential units to be constructed on a 74,000 m2 tract in Yaşamkent, Ankara. Three high-rises, one of
which is 40 floors, contain 473 apartments while seven horizontal blocks
house 412 apartment units in total. The development project offers various
sizes of apartments, from two up to six bedrooms.
Nominated for LEED® Certification, which is awarded by the US Green Buildings Council (USGBC), Park Mozaik offers a lifestyle that differs from similar developments thanks to its social recreational facilities for all types of
activities, impressive and functional landscaped areas and apartment floor
plans that offer various alternatives beyond the routine. The development
has a 216,000 m2 total building area including parking garages. Construction and sales commenced in August 2014 on phase-by-phase basis. Delivery
to owners will start as of end-2016.
Taq Taq Operating Company Permanent Encampment
Facilities Project
Start Date January 27, 2014
Total Building Area (m2) 10,835
Delivery Date May 27, 2015
Client Taq Taq Operating Company Limited
Under the contract signed with Taq Taq Operating Company of Iraq, Tepe
İnşaat has undertaken the 10,835 m2 permanent encampment facilities project with a total value of US$ 20 million. The project consists of two parts: a
residential area and an industrial zone. It includes two residence buildings,
an office building, restaurant, an infirmary, main reception building, a main
entrance structure, maintenance & repair building, fire department facility
and gasoline station. The project is scheduled for completion in 2015.
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The plant was constructed in the Special Industrial Zone in Yelabuga, Autonomous Republic of Tatarstan, which is part of the Russian Federation.
The facility is comprised of glass production buildings (furnace, bath, annealing, batching, galleries) totaling 35,000 m2, the mirror and coating building
(16,000 m2), a warehouse (46,000 m2) and additional structures including
a recreation building, heat boiler, LPG, and generator room (9,000 m2). The
Automotive Glass contract includes the auto-glass production plant and administrative office building, about 42,000 m2 in total. The project was completed and delivered in 2014.
Construction of Silos with Total Capacity of 360,000 Tons
in Eight Different Regions of Turkmenistan
Start Date December, 2012
Delivery Date May, 2014
Client Turkmenistan Industrial Ministry
The Company plans to complete the project, which includes the design and
construction of silos with total capacity of 360,000 tons, located in eight
provinces of Turkmenistan (Altınsahra, Tejen, Babadayan, Karakum, Garıssızlık, Sparmyrat, Boldumsaz, Beyik), together with the rehabilitation of adjacent areas, in May 2014.
Turkmenistan National Glass Complex
The Company aims to start construction of the complex with a total 250
tons/days flat glass capacity and 50 tons/days glass bottle capacity in Dereze district of Ahal province, Turkmenistan in February 2015. The project is
scheduled for completion in September 2017.
OPERATIONS IN 2014
Park Mozaik,
Yaşamkent, Ankara
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Taurus,
Bilkent, Ankara
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TEPE İNŞAAT 2014 ANNUAL REPORT
OPERATIONS IN 2014
Yenişehir Şişecam Factory,
Bursa
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Tepe Prime,
Bilkent, Ankara
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TEPE İNŞAAT 2014 ANNUAL REPORT
OPERATIONS IN 2014
Tepe Prime,
Bilkent, Ankara
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TEPE İNŞAAT 2014 ANNUAL REPORT
AT A GLANCE
HUMAN, SPACE, LIFE
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TAV Havalimanları (TAV Airports)
Milestones
2006
•TAV was founded.
•ATÜ, which provides duty-free shopping, together with BTA, which provides
catering services, were established under the TAV umbrella.
•Operation and construction services were restructured under two separate
companies, TAV Havalimanları Holding A.Ş. and TAV İnşaat.
•Izmir Adnan Menderes Airport International Terminal commenced operation.
•Esenboğa Airport Domestic and International Terminal commenced operation.
•TAV Özel Güvenlik Hizmetleri A.Ş. was founded.
1999
2007
•ATÜ, which provides duty-free shopping under TAV Havalimanları, and which
joined the TAV organization and BTA, which provides catering services, was
established.
•TAV Havalimanları Holding stock was offered to the public.
•The new passenger terminal at the Tbilisi International Airport commenced
service.
•Batumi International Airport commenced operation.
•TAV Batumi Operations LLC. was founded.
•TAV Havalimanları won the tender for the Monastir Habib Bourguiba and Enfidha Zine El Abidine Ben Ali International Airports in Tunisia.
•TAV Tunisie SA was founded.
•Groundbreaking ceremony for the Tunisia Enfidha Zine El Abidine Ben Ali International Airport was held.
•A 40% minority stake in Havaş was purchased; Havaş then became a wholly-owned subsidiary of TAV Havalimanları Holding.
•TAV Havalimanları Holding became the sole owner of TAV Izmir and TAV
Esenboğa.
•TAV Havalimanları won the tender for the operation of Antalya Gazipaşa
Airport.
•The Hopa Terminal operated by Havaş commenced service.
1997
2000
•TAV began operating at the Istanbul Atatürk Airport International Terminal.
2001
•“Primeclass” CIP service was launched.
2004
•BTA began operating the Istanbul International Airport Hotel.
• TAV undertook the construction and operation of the Esenboğa Airport Domestic and International Terminal.
•TAV Esenboğa Yatırım Yapım ve İşletme A.Ş. was founded.
•TAV İşletme Hizmetleri A.Ş. was founded.
2005
•TAV won the tender for the lease of operating rights of the Atatürk Airport International and Domestic Terminal Buildings, Parking Garage and the General
Aviation Terminal for 15.5 years.
•TAV Istanbul Terminal İşletmeciliği A.Ş. was founded.
•TAV began operating Atatürk Airport Domestic Terminal.
•60% shareholding in Havaş was purchased.
•Construction and operation of the Izmir Adnan Menderes International Terminal was transferred to TAV. TAV Izmir Terminal İşletmeciliği A.Ş. was founded.
•TAV Bilişim Hizmetleri A.Ş. was founded.
•TAV won the tender for Tbilisi International Airport in Georgia.
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TEPE İNŞAAT 2014 ANNUAL REPORT
2008
•TAV Havalimanları took over the operation of the Monastir Habib Bourguiba
International Airport in Tunisia.
•TAV Gazipaşa Yatırım, Yapım ve İşletme A.Ş. was founded to operate Antalya
Gazipaşa Airport.
•TAV Havalimanları won the tender for the operation of Alexander the Great
International Airport in Skopje, Macedonia’s capital, and St. Paul the Apostle
International Airport in Ohrid, as well as the construction of the New Cargo
Airport in Shtip, of which TAV Havalimanları Holding also had the optional
rights to operate; related concession contracts were signed.
•Havaş won the tender to become a shareholder with a 50% stake in TGS (Turkish Ground Services Co.), an affiliate of Turkish Airlines.
OPERATIONS IN 2014
Atatürk Airport,
Yeşilköy, Istanbul
HUMAN, SPACE, LIFE
73
TAV Havalimanları (TAV Airports)
2009
• The capital of TAV Havalimanları Holding A.Ş. was raised from TL 242,187,500
to TL 363,281,250 in cash.
•A contract was signed for the transfer of the 15% of the minority stake in TAV
Tunisie SA, previously wholly-owned by TAV Havalimanları Holding A.Ş., to International Finance Corporation (IFC), a World Bank affiliate, for € 27,999,825
on June 30, 2009.
•As of July 13, 2009, operations commenced at Antalya Gazipaşa Airport, the
four which operation rights for 25 years are held by TAV Gazipaşa Yatırım Yapım ve İşletme A.Ş., a company wholly-owned by TAV Havalimanları Holding
A.Ş.
•TAV Havalimanları Holding A.Ş. and the AL-RAJHI Holding Group, established
and operating in the Kingdom of Saudi Arabia, signed a joint venture contract
on November 9, 2009.
•TAV Tunise SA, 85% of which is owned by TAV Havalimanları Holding, began
operating the Enfidha Zine El Abidine Ben Ali International Airport. The Company helds the operation rights of the airport until May 2047.
2010
•TAV Havalimanları Holding took over the operation of in Skopje and Ohrid
airports in Macedonia for 20 years.
•Sale of Havaş shares closed.
•The sale of the 18% minority stake in of TAV Tunisie SA to the Pan African
Infrastructure Development Fund was completed.
•The expansion project of the Istanbul Atatürk Airport’s Domestic and International Terminals was completed.
•Havaalanları Yer Hizmetleri A.Ş. (Havaş) acquired 50% of the shares of the
North Hub Services (NHS), a provider of ground handling services at Riga
Airport, Latvia.
•A memorandum of understanding was signed for the construction and operation of the new terminal building at Riga Airport, Latvia. TAV Havalimanları and
Air Baltic, Latvia’s leading airline company, decided to become 50-50 partners
in this joint venture.
•TAV İşletme Hizmetleri A.Ş. launched the TAV Passport card that offers various services and privileges at airports operated by TAV.
•Antalya Gazipaşa Airport was upgraded from category 2C to 3C.
•TAV signed a “Global Training Center” agreement with Airports Council International (ACI), a group with more than 1,600 member airports worldwide.
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TEPE İNŞAAT 2014 ANNUAL REPORT
•TAV Havalimanları won the tender for the operation of duty free, catering and
other commercial venues at the Riga Airport, Latvia.
•A memorandum of understanding was signed with the Indonesia-based Sigma
Group/PT Wira Cipta Sukses and the Indonesian Government for cooperation
on potential airport projects in the country.
•BTA took over the operation of five service points (Kantin, Beerport, Kokpit
Cafe, Kokpit Brasserie and Botanik Café in the Istanbul Atatürk Airport Domestic Terminal as of July 1, 2010.
•The corporate governance rating Score of TAV Havalimanları Holding was raised from 83.3 (8.5) in 2009 to 90.0 (9) in 2010.
2011
•Following the takeover of commercial venues, operations commenced at Riga
Airport, Latvia.
•TAV Havalimanları Holding raised its shareholding in TAV Özel Güvenlik Hizmetleri A.Ş. from 66.67% to 100%.
•TAV Havalimanları Holding raised its shareholding in TAV Urban Georgia
from 66 to 76%.
•TAV Havalimanları Holding raised its shareholding in TAV Batumi Operations
LLC from 60 to 76%.
•BTA Denizyolları was founded by the 50-50 joint venture between BTA and
TASS; BTA commenced operations at İDO.
•The construction of the new terminal at Skopje Airport was completed and put
into service.
•Together with its partners Al Rajhi and Saudi Oger, TAV Havalimanları signed
a contract with the General Authority of Civil Aviation of Saudi Arabia for the
build-operate-transfer project of Medina Airport, the first airport privatization
to take place in Saudi Arabia.
•TAV Havalimanları launched TAV Mobile which enables access to real time
information at the airports it operates.
•Giving the best offer, on November 17, 2011, TAV Havalimanları Holding
won the tender for the lease of operating rights of the International Terminal,
CIP, Domestic Terminal and their components at the Izmir Adnan Menderes
Airport.
• A subsidiary of TAV Havalimanları Holding with a 65% share, Havaalanları Yer
Hizmetleri A.Ş. (Havaş) raised its share capital in North Hub Services (NHS).
NHS provides ground handling services at the Riga International Airport in
Latvia, Stockholm International Airport in Sweden and Helsinki International
Airport in Finland. Havaş increased its stake from 50% to 66.7% as of December
20, 2011. NHS will be providing services as Havaş Europe at these airports.
OPERATIONS IN 2014
Esenboğa Airport,
Esenboğa, Ankara
HUMAN, SPACE, LIFE
75
Esenboğa Airport,
Esenboğa, Ankara
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TEPE İNŞAAT 2014 ANNUAL REPORT
OPERATIONS IN 2014
Atatürk Airport,
Yeşilköy, Istanbul
HUMAN, SPACE, LIFE
77
TAV Havalimanları (TAV Airports)
2012
•The agreement on the sale of a 38% stake in TAV Havalimanları to Aéroports
de Paris Group for US$ 874 million was signed on March 11, 2012. Upon the
meeting of prerequisites as per the share purchase agreement, the transfer of
shares was realized on May 16, 2012.
• In June, TAV Havalimanları laid the foundation of the Izmir Domestic Terminal,
a project with a total value of € 250 million.
•TAV Havalimanları assumed the operation of Medina International Airport,
currently in operation, wherein it holds equal shares (33%) with Al Rajhi Holding group and Saudi Oger Ltd., as of end June.
•“Primeclass” CIP services, launched in 2001 by TAV İşletme Hizmetleri (Operating Services) at the Istanbul Atatürk Airport, became available at 77 points
throughout the world, at prices starting from € 60, in cooperation with overseas
establishments.
• TAV Havalimanları received the “Corporation with the Highest Score” award at
the 3rd Corporate Governance Awards organized by the Corporate Governance
Association of Turkey (TKYD).
•TAV Bilişim received ISO 27001:2005 Information Security Administration
System Certification, granted to very few companies in Turkey.
•TAV Havalimanları launched a common phone number for its call centers at
the airports it operates in Turkey with the purpose of effectively responding to
passenger complaints and requests.
•Aiming to reduce announcement density and offer a practical solution to passengers, the “Meeting Point” application, developed by TAV Bilişim entered
use on the arrival floor at the International terminal of Istanbul Atatürk Airport,
enabling arriving passengers to conveniently meet those awaiting them.
•TAV Tunisia hosted the 47th ACI Board of Directors Meeting held 16-20 April
with the participation of 59 members operating 249 airports in 47 countries.
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TEPE İNŞAAT 2014 ANNUAL REPORT
•Atatürk Airport was awarded “Airport without Obstacles” certification.
•TAV Bilişim collected the second prize at the IT Summit ’12 for its resources
utilization system project respectively implemented at King Khalid and King
Fahd Airports in Riyadh and Dammam, Saudi Arabia.
•TAV Havalimanları ranked first in the European Investor Relations Survey,
conducted annually by Thomson Reuters Extel Surveys throughout European
countries, as “Turkey’s Best Company in Investor Relations” (ranked third in
the peer group in Europe) and “Turkey’s Best Investor Relations Executive”
(ranked second in the peer group in Europe).
•TAV Istanbul received ISO 10002 Certification, one of the standards of Customer Satisfaction Management.
•Pursuant to the acquisition agreement signed for the remaining 35% stake in
Havaş, the share transfer transaction was completed.
•TAV Istanbul received Environmental Management System (ISO 14001:2004)
and Occupational Health and Safety management System (OHSAS 18001:2007)
Certification.
•At the record breaking attempt organized by the Danskeyfi Dance Academy at
Atatürk Airport with the support TAV Havalimanları, 198 couples performing
a Bachata dance for five minutes successfully became the highest number of
couples to dance faultlessly and synchronously, in a performance that entered
the Guinness Book of Records.
•The cash dividend distributed by TAV Havalimanları among its shareholders
amounted to a gross TL 90,820,312, where a gross TL 0.25 was paid for each
share with a nominal value of TL 1.0
OPERATIONS IN 2014
Atatürk Airport,
Yeşilköy, Istanbul
HUMAN, SPACE, LIFE
79
TAV Havalimanları (TAV Airports)
2013
2014
•TAV Havalimanları’s corporate governance rating was raised from 92.44 (9.24
out of 10) as of August 24, 2012 to 93.97 (9.39 out of 10) as of August 23,
2013 as a result of the company’s ongoing improvement efforts to implement
corporate governance principles.
•TAV Havalimanları ranked third in the European Investor Relations Survey
as “Turkey’s Best Company” in investor relations. The survey is conducted
annually by Thomson Reuters Extel of 15,000 employees of buy-side firms,
brokerage firms, research houses and quoted European companies.
•Istanbul Atatürk Airport received the “Europe’s Fastest Growing Airport”
award at the 2013 Euro Annies Awards held by anna.aero.
•Medina Airport Project, carried out by TAV in conjunction with Saudi Oger and
Al Rajhi Holding, was named the “Infrastructure Deal of the Year in the Middle
East and Africa” by Project Finance International.
•Aéroports de Paris (ADP) Management, Goldman Sachs (GS Global Infrastructure Partners II, LP and GS International Infrastructure Partners II, LP), Tutor
Perini Corporation, Ove Arup & Partners PC, Kohn Pederson Fox Associates
PC, Suffolk Construction Company and TAV Havalimanları are prequalified
bidders for the tender held for the “LaGuardia Airport Central Terminal Building Replacement Project” in New York, USA.
•Carrying out the construction of the new domestic airport terminal in Izmir,
TAV received an award for its “InnovaLig Sustainability Practices” presented
by SKD for the first time, for the company’s recycling program.
•TAV Havalimanları hosted the General Assembly meetings of ACI World, the
global organization of airport operators, and of ACI Europe, its European branch, in Istanbul. More than 800 top executives representing 1,751 airports in
174 countries discussed the future of aviation and airports over a five day period.
•Delivering end-to-end development solutions with the aim of improving the
overall quality and efficiency of airports throughout the world via training, TAV
Aviation Minds received ISO 9001:2008 Quality Management System certification.
•The new domestic terminal at Adnan Menderes Airport, built by TAV Group,
one of the world’s leading companies in airport projects and operation, became
operational following a celebratory opening ceremony.
•Istanbul Atatürk Airport, operated by TAV Airports, ranked among the 10 best
airports in the 50 million passengers and above category at the Skytrax World
Airport Awards, which are considered the “Oscars” of the aviation industry.
•HAVAŞ, rendering ground services at 23 airports in Turkey and seven airports
in Europe, has become the first Turkish company to obtain a ground services
license in the Kingdom of Saudi Arabia.
•The consortium (ZAIC) including TAV Airports commenced construction on
the new passenger terminal at Zagreb Airport, which will increase the annual
passenger capacity up to 8 million.
•As Turkey’s leading airport operations brand in the global arena, TAV Airports
began to provide airport operations training in China.
•TAV Airports raised its corporate governance rating in the BIST Corporate Governance Index to 9.41, up from 9.17.
•TAV Airports, Turkey’s leader in airport operations, was included in the Sustainability Index, recently established by Borsa Istanbul (BIST).
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TEPE İNŞAAT 2014 ANNUAL REPORT
OPERATIONS IN 2014
Esenboğa Airport,
Esenboğa, Ankara
HUMAN, SPACE, LIFE
81
TAV Havalimanları (TAV Airports)
Key Financial Indicators
TAV Airports Shareholding Structure
38.0%
Aéroports de Paris Group (*)
8.1%
Tepe İnşaat Sanayi A.Ş.
8.1%
Akfen Holding A.Ş.
3.5%
2.0%
Non-floating
Part
(Other)
Sera Yapı
Endüstrisi ve
Ticaret A.Ş.
Summary Income Statement
(TL million)
2013(*)
2014
%
2,245
2,798
25
Gross Profit
860
1,098
28
Operating Profit
706
964
36
Turnover(**)
Finance expenses (Net)
270
227
16
Profit before Tax
475
773
63
Net Profit
335
621
85
EBITDA
880
1,179
34
1,243
1,573
27
2013
2014
%
EBITDAR
Construction revenues excluded.
Re-adjusted.
(*)
(**)
40.3%
Summary Balance Sheet
(TL million)
Floating Part
(Other)
TANK ÖWA Alpha GmbH, a wholly-owned subsidiary of Aéroports de Paris.
(*)
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TEPE İNŞAAT 2014 ANNUAL REPORT
Current Assets
2,292
2,562
12
Intangible Assets
3,311
3,512
6
Total Assets
6,949
7,466
7
Short-term Liabilities
1,155
969
16
Long-term Liabilities
3,955
4,393
11
Total Liabilities
5,110
5,362
5
Shareholders’ Equity
1,839
2,103
14
OPERATIONS IN 2014
Esenboğa Airport,
Esenboğa, Ankara
HUMAN, SPACE, LIFE
83
Atatürk Airport,
Yeşilköy, Istanbul
84
TEPE İNŞAAT 2014 ANNUAL REPORT
OPERATIONS IN 2014
HUMAN, SPACE, LIFE
85
TAV İnşaat (TAV Construction)
In 2014, TAV İnşaat was named the “World’s Largest Airport
Construction Company” by Engineering News Record (ENR)
magazine, which ranks the 250 biggest international contracting
companies in the world each year.
TAV İnşaat was established with the vision to become a pioneering brand
in airport construction; in less than a decade, it has become one of the fastest-growing and most distinguished companies in Turkey.
TAV İnşaat’s ongoing projects in 2014 totaled US$ 13,505 million while the
company’s backlog amounted to US$ 2,101 million. TAV İnşaat’s share in
ongoing projects totaled US$ 5,369 million.
In addition to airport construction, TAV İnşaat constructs high rises that
require use of cutting-edge technology. Marina-101 and Damac Towers by
Paramount in Dubai and Emaar Square in Istanbul are a few examples of the
company’s ongoing high rise projects.
TAV İnşaat
Shareholding Structure
5.1%
Sera Yapı
21.7%
Akfen
Holding
Tepe İnşaat
In 2013, TAV İnşaat ranked 93rd in the general list, 6th in the construction industry list and 67th in the “By Province–Istanbul” list in Capital magazine’s
“Turkey’s Largest 500 Private Sector Companies” compilation.
TEPE İNŞAAT 2014 ANNUAL REPORT
ADP
24.2%
In 2014, TAV İnşaat was named the “World’s Largest Airport Construction
Company” by Engineering News Record (ENR) magazine, which ranks the
250 biggest international contracting companies in the world each year.
86
49.0%
OPERATIONS IN 2014
Esenboğa Airport,
Esenboğa, Ankara
HUMAN, SPACE, LIFE
87
TAV İnşaat (TAV Construction)
TAV İnşaat’s projects completed in 2014 and ongoing projects include the
following:
COMPLETED PROJECTS
Domestic
•Ankara Esenboğa Airport Domestic and International Flight Terminals/
Ankara
•Istanbul Atatürk Airport Terminal Building and Multi-Storey Car Park Project/Istanbul
•Istanbul Atatürk Airport Renovation Project/Istanbul
•Izmir Adnan Menderes Airport International Flights Terminal Building
Project/Izmir
•Izmir Adnan Menderes Domestic Flights Terminal (Additional Work) Project/Izmir
•Istanbul Atatürk Airport Expansion and Improvement Project/Istanbul
•Istanbul Atatürk Airport 2010-2011 Investments/Istanbul
•Antalya Gazipaşa Airport/Antalya
International
•Emirates Airlines A380 Maintenance Hangars Çelik Kapı İnşaat Project,
Dubai/UAE
•Al Sharaf Shopping Center, Dubai/ UAE
•Towheed Iranian School, Dubai/UAE
•Emirates Financial Towers, Dubai/UAE
•Sulafa Tower, Dubai/UAE
•Abu Dhabi Airport Midfield Terminal-Pilehead Manufacturing Abu Dhabi-UAE
•Majestic Tower, Sharjah/UAE
•Batumi Airport, Batumi/ Georgia
•Tbilisi Airport, Tbilisi/Georgia
•Scopje Airport, Scopje/Macedonia
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TEPE İNŞAAT 2014 ANNUAL REPORT
•Ohrid Airport, Ohrid/Macedonia
•New Enfidha Airport, Enfidha/Tunisia
•Cairo Airport TB3 Passenger Terminal Building Project, Cairo/Egypt
•Izmir Adnan Menderes Domestic Flights Terminal (Additional Work) Project, Izmir/Turkey
•Doha International Airport Facility Management Works, Doha/Qatar
ONGOING PROJECTS
Domestic
•Emaar Square Northern Region Structural Works
•EMAAR Phase 3
International
•Abu Dhabi International Airport/UAE
•Marina 101 Hotel and Residence/UAE
•Damac Towers/UAE
•Riyad KKIA Terminal 5 Airports/Saudi Arabia
•King Abdul Aziz Airport/Saudi Arabia
•Saudi Airports Catering Building/Saudi Arabia
•Madinah International Airport/Saudi Arabia
•Doha International Airport/Qatar
•Oman Muscat International Airport/Sultanate of Oman
•Libyan-Tripoli International Airport/Libya
•Libyan-Sebha International Airport/Libya
•Madinah Airport Hotel Project/Saudi Arabia
OPERATIONS IN 2014
Esenboğa Airport,
Esenboğa, Ankara
HUMAN, SPACE, LIFE
89
Istanbul Sea Buses,
Yenikapı Dock, Istanbul
90
TEPE İNŞAAT 2014 ANNUAL REPORT
OPERATIONS IN 2014
HUMAN, SPACE, LIFE
91
İDO, İstanbul Deniz Otobüsleri (Istanbul Sea Buses)
With its modern fleet comprised of 55 vessels (24 sea buses, 19
car ferries, nine fast ferries, one passenger ferry and two service
vessels), İDO is one of the world’s leading maritime passenger and
vehicle transportation companies.
Istanbul Deniz Otobüsleri Sanayi ve Ticaret A.Ş. (İDO) was established by
the Istanbul Metropolitan Municipality in 1987 to provide solutions for
transportation in Istanbul and help reduce the flow of traffic on the highways.
Following the privatization of 100% of the shares of İDO in accordance with
the Privatization Law Nr. 4046, the company was transferred to TASS Denizcilik ve Ulaştırma Hizmetleri Turizm Sanayi ve Ticaret A.Ş. (TASS) on June
16, 2011, a company founded by the joint venture with the highest offer at
the tender. With the General Assemblies for merger held in accordance with
the Turkish Commercial Code and related legal regulations, TASS (Tepe Akfen Souter Sera Ortak Girişim Grubu) was transferred to İDO on December
16, 2011 with all its rights and obligations. The shareholders of İDO are
Akfen Holding (30%), Tepe İnşaat (30%), Souter Investment (30%) and Sera
Gayrimenkul Yatırım (10%) (TASS).
Turkey’s Largest Sea Transport Company
With its modern fleet comprised of 55 vessels (24 sea buses, 19 car ferries,
nine fast ferries, one passenger ferry and two service vessels), İDO is one
of the world’s leading sea transportation companies providing services for
passengers and vehicles.
As of December 2014, İDO had a passenger capacity of 36,701 in summer
season and 30,379 in winter season. The company’s vehicle capacity was
2,736 for both seasons at year’s end. İDO operated 15 lines in total, 4 intracity and 11 long distance. İDO provides sea transportation to important
points in Istanbul and around the Marmara Sea. It holds the operating rights
for up to 30 years for most of the 35 ports in which it operates.
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TEPE İNŞAAT 2014 ANNUAL REPORT
Investments
•Eskihisar Port Chief Officer’s Building Renovation Works
•Waste Water Infrastructure Construction Works in Büyükada, Heybeliada, Kınalıada and Burgazada Port Area
• Waste Water Infrastructure Construction Works in Çınarcık Port Area
• Yalova Kartal Hydraulic Ramp Construction Works
•Raising the Collision Mats at Güzelyalı, Yenikapı and Bandırma Ports
•Construction of Safety Rails at Avşa Island Port
•Maltepe Port Arrangement and Lighting Works
•LED Transformation Project (LED Lighting transformation works at 24 terminals are completed)
•Passenger Protection Arrangement Works (Covering the safety rails at
terminals using panel-fence; covering open areas at terminals using safety rails and wire-fence; installing rumble strips on vehicle passage zones at ferryboat and fast ferry terminals; installing an anti-skid layer on
passenger boarding and landing zones; installing bobo doll at specified
points at terminals; mounting slide gate before ramp no. 4 at Yenikapı;
renovation and rehabilitation of ramps at Eskihisar-Topçular Ferryboat
Ports)
•Displacement of Vehicle Tollbooths
•Field Concrete Works for Waste Water Infrastructure Project and Implementation at Topçular Port Area
•Yenikapı Transformers Displacement Works
•Activation and setting into motion of CLM (Contract Lifecycle Management) project that aims to manage the drafting and performance of contracts in a more efficient manner and with reduced risk
•Setting up the Biological Domestic Waste Water Treatment facility at Topçular Terminal in order to refine and eliminate domestic waste water from
18 ferryboats and the terminal building at Topçular Port
•Procurement of chassis trucks based on age limit and ADR requirement
pursuant to the Communiqué on the transportation of hazardous wastes
by land
OPERATIONS IN 2014
Istanbul Sea Buses,
Yenikapı Dock, Istanbul
HUMAN, SPACE, LIFE
93
İDO, İstanbul Deniz Otobüsleri (Istanbul Sea Buses)
•Installation of emergency AC/DC feeding system to auxiliary navigators
on aged ferryboats
•Replacement of aluminum seats on balcony of two new type ferryboats
(“Sultanahmet,” “Suhulet”)
•Revision of tracks for disabled at fast ferries, sea buses and ferryboats
•Revision of lounge seating on two sea buses
•Revisions in stern, central and business lounges of “Adnan Menderes”
and “Turgut Özal” boats
•Installation of 7” monitors on boats in order to check whether the wheel
house DVD (recorder)s make recordings
Business Development and Strategy
•İDO headquarters at Yenikapı grew in importance as the role the area
plays within the city’s transportation network increased, with the area’s
transport links with Marmaray and metro making Yenikapı more attractive.
•İDO broke more new ground by signing a cooperation agreement with
Metro Turizm to offer integrated transportation solutions; the agreement
covers the establishment of land and sea route connections and the inclusion of Metro Travel agencies in ticket sales channels.
•İDO’s feasibility studies on ro-pax transportation, to meet the increasing
demand on the North and South Marmara axis by using the land it owns
at Ambarlı, Beylikdüzü district, are currently underway.
•Pluscard: Via the Pluscard prepaid card system used at bus terminal entrances, vehicles of all bus companies are allowed to pass at İDO terminals.
•İDO Fleet card: The İDO Fleet card system was introduced to track corporate vehicle use and foster user loyalty and satisfaction by offering certain
benefits.
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TEPE İNŞAAT 2014 ANNUAL REPORT
İDO Financial and Operational Indicators
2014
Turnover (Net Sales)
TL 556,836,724
EBITDA
TL 219,369,942
(*)
Number of Passengers
Number of Vehicles
Number of Trips
Number of Employees
Number of Subcontractors’ Employees
47,501,612
8,178,757
189,843
1,282
371
Turnover and EBITDA data are obtained from the Capital Market Board
Report dated 31.12.2014.
(*)
Fleet Information
Sea Bus
2014
24
Fast Ferry
9
Ferryboat
19
Passenger Ferry
Service Craft
Total
OPERATIONS IN 2014
1
2
55
Istanbul Sea Buses,
Yenikapı Dock, Istanbul
HUMAN, SPACE, LIFE
95
İDO, İstanbul Deniz Otobüsleri (Istanbul Sea Buses)
İDO is conducting studies on the marina, integrated transportation
initiatives and international projects as part of its various business
development activities.
Corporate Development of İDO
2000
1987
•Barbaros Hayrettin Paşa and Sokullu Mehmet Paşa, two 400-passenger
sea buses built at the Pendik Shipyard, commenced service.
•The first two sea buses, each with a capacity of 449 passengers, commenced service. Three more sea buses were purchased and put into service
during the year.
2003
1988
•İDO launched an online reservation and sale system for its intercity (ticket-based) fast ferry and sea bus lines and began ticket sales via credit
cards.
•Five new vessels were purchased by İDO, increasing to ten its number of
sea buses.
2004
1992
•Kartal and Kadıköy ports were put into service.
1994
•With the purchase of two Monohulls each with a capacity for 155 passengers, the number of vessels at İDO increased to 12.
1996
•With the addition of two more sea buses each with a 450 passenger capacity, the number of sea buses reached 14.
1997
•The total ships in the fleet reached 20 with the addition of three 350-passenger sea buses, two fast ferries with a capacity to hold 450 passengers
and 94 vehicles and a 400-passenger sea bus that was manufactured domestically for the first time at the Pendik Shipyard of Türkiye Gemi Sanayi. A new line was launched between Yalova and Yenikapı during the
same year that Istanbul’s first fast ferry service got underway.
1998
•Two fast ferries each with a capacity to carry 800 passengers and 200
vehicles were built and joined the fleet. The sea bus, Temel Reis II, built at
the Pendik Shipyard was put into service.
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TEPE İNŞAAT 2014 ANNUAL REPORT
•Two fast ferries, each with a capacity for 588 passengers and 112 vehicles, were purchased and put into service on the Pendik-Yalova line.
2005
•Two 155-passenger Monohulls were turned over to the Izmit Municipality.
•The management of the city lines, which was previously operated by Türkiye Denizcilik İşletmeleri (TDİ, Turkish Maritime Organization), was turned over to İDO along with the vessels and ports.
2007
•Five new sea buses built in Singapore and the Osman Gazi–1 and Orhan
Gazi–1 fast ferries, each with a holding capacity of 225 vehicles and 1,200
passengers, built by Austal, joined the İDO fleet.
•The domestically-manufactured car ferry Suhulet joined the İDO fleet.
2008
•Sahilbent, Suhulet’s sister vessel, joined the İDO fleet. Sultan Ahmet and
Sadabat car ferries commenced service. Two double-ended fast ferries, Yavuz Sultan Selim and Kanuni Sultan Süleyman, built by DAMEN in China,
joined the İDO fleet.
•Fatih, the first of the Model 4 boats chosen by the citizens of Istanbul, was
put in service.
OPERATIONS IN 2014
Istanbul Sea Buses,
Yenikapı Dock, Istanbul
HUMAN, SPACE, LIFE
97
İDO, İstanbul Deniz Otobüsleri (Istanbul Sea Buses)
2009
2013
•Kadıköy, Beyoğlu, Beykoz and Sarıyer, the other Model 4 boats, commenced service.
•Yeni Haliç (New Golden Horn) boats joined the İDO fleet.
•In 2013, İDO initiated İDO TV (closed circuit TV) broadcasting on the vessels of its fleet.
•As of March 1, Kabataş-Kadıköy-Bursa bus (land transportation) services
on İDOBÜS line were discontinued.
•Turgut Reis-I vessel was sold and taken off the İDO Fleet.
2010
•Thirty-four passenger boats and 49 intracity ports were turned over to
Istanbul Şehir Hatları Turizm Sanayi ve Ticaret. A.Ş., a subsidiary of Istanbul Metropolitan Municipality.
2011
•İDO Sanayi ve Ticaret A.Ş. was turned over to the TASS (Tepe-Akfen-Souter-Sera) Joint Venture Group.
•Bozcada 1 joined the İDO fleet.
•A flexible pricing policy was adopted, starting with the Bandırma line and
was extended to all intercity lines by August.
2012
•The İDOBÜS sales system was completed and commenced trips in March.
•The SAP Restructuring Project was completed.
•İDO received the “Privatization of the Year” award for project finance in
the competition organized by the Project Finance, a Euromoney Publishing Group magazine.
•İDO ranked 254 the among the largest 500 companies in Turkey on the
Fortune Turkey 500 list.
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TEPE İNŞAAT 2014 ANNUAL REPORT
2014
•The “Piri Reis” vessel was sold and taken off the İDO Fleet on February 18,
2014.
•Passenger boats began to serve on the Kartal-Yalova route as of June 16,
2014.
•Based on the Board’s resolution to take sea buses off the fleet, service on
the Yenikapı-Yalova sea bus line was canceled. Additionally, trips that
were classified as additional trips due to high demand were tariffed for the
Yenikapı-Yalova fast ferry line in 2014.
•The 23:55 mutual additional trip for Pendik-Yalova line between November 20, 2014 and December 31, 2014 was added.
•Ticket sales for the Bostancı-Yenikapı-Armutlu T.K.-Armutlu sea bus line
of the Istanbul (Kadıköy-Yenikapı)-Armutlu T.K.-Armutlu–Bursa (Güzelyalı) line stopped as of January 1, 2014. The tickets will be re-offered
for sale for the Kadıköy-Yenikapı-Armutlu T.K.-Armutlu-Bursa (Güzelyalı)
line at rates of the relevant line. The point of arrival for the Bursa terminal
was changed to Kumla, as of the date the summer schedule went into
effect (June 16, 2014).
•The Kabataş-Kadıköy-Bursa (İDOBUS) sea bus line was terminated for an
indefinite period of time as of January 2, 2014. Due to strong passenger
demand and as the Taksim-Yenikapı connection of Marmaray was put into
service, the Kadıköy-Yenikapı-Bursa sea bus line started on January 10,
2014 as additional trips and on February 17, 2014 as scheduled trips.
•On June 14, 2014, rush hour-normal hour implementation for the Sirkeci-Harem line was stopped and a single rate system went into effect.
OPERATIONS IN 2014
•A round-trip discount campaign of up to 33% off, excluding Fridays, Saturdays and Sundays, was launched on February 24, 2014. On March 22,
2014, these three days were included in the discount campaign.
•İDO management declared 2014 as the year of “Maximizing Customer
Satisfaction.” To this end, ticket sales campaigns were continued for all
scheduled trips throughout the year; as a result, a steady increase in both
vehicle and passenger numbers was achieved.
•During spring 2014, a discount campaign of up to 33% was applied for
the Eskihisar-Topçular line where vehicle transportation demand is highest. Promotional ticket sales continued throughout the year, including
the peak periods such as school break and religious holiday periods.
•This year, İDO introduced 23:55 (midnight) trips between Istanbul Pendik
and Yalova for the first time; it also offered sea connection between two
cities at midnight.
•With Sea&Miles, the loyalty program carried in cooperation with DenizBank, İDO is able to access new customers, add new business partners to
its portfolio and gain further advantages. It also initiated a campaign with
customer participation to rename the program in Turkish.
•Effectively engaging in corporate social responsibility initiatives as well,
İDO made modifications at terminals and on boats, provided sign language training for personnel and continued various studies, such as unimpeded SMS service, and publishing tariffs in the Braille alphabet, during
2014 as a part of its “Unimpeded Seas” studies. As a result of these efforts,
the company was presented with an award from the Federation of Hearing
Impaired.
•In 2014, BTA Maritime Lines, one of the best examples of utilizing the extensive know-how and experience of Akfen Holding for creating jobs and
leveraging intra-group synergy, continued to render services at 75 points
of sale, located at sea bus ports, fast ferry and ferryboat ports as well as on
ferryboats and sea buses.
Total Number of Passengers Transported
47,501,612
Total Number of Vehicles Transported
8,178,757
Total Passenger Transportation Capacity
Summer Season
36,701
Winter Season
30,379
Total Number of Trips
189,843
HUMAN, SPACE, LIFE
99
Human Resources Policy
Through its effective human resources policy, Tepe İnşaat makes
labor productivity sustainable.
Tepe İnşaat’s human resources policy aims to recruit successful, dynamic,
career-minded and motivated persons in line with the Company’s vision. The
policy is also designed to contribute to Tepe İnşaat’s sustainable corporate
development via employee-oriented approaches and practices that support the
Company’s pursuit of strategic targets and overall performance. In short, the
human resources policy supports achievement of company objectives in an
efficient and productive way.
Tepe İnşaat considers people as valued resources, which require attention and
development, rather than as cost components. Various human resource management techniques are used to prompt employees to demonstrate optimal
conduct both for them and for the organization. This is achieved by bringing
employee qualifications and skills to the forefront and by fostering teamwork.
The overarching objective is to maximize the employee contributions, primarily through training, ensure effective integration with the organization and
enhance satisfaction. Tepe İnşaat sees investment in human resources as a
capital expenditure, but not as a consumption cost.
In today’s world, most establishments are well aware that human resources
are the most important capital they have. A well-organized and well-executed
human resource management function is critical in the effective utilization
of this capacity. For enterprises, survival amounts to remaining competitive. Successful companies have come to realize that competitiveness may not
be maintained simply by keeping up with technology and bolstering their finances. As a result, businesses and other organizations began to place more
importance on the human component than ever before. In brief, the relationship between the secret of competitive edge and human resources is gaining
strength every day.
In light of this understanding, Tepe İnşaat has adopted the principle of managing human resources in the most effective and productive way in order to
achieve the Company’s strategic targets, and of leveraging human resources
of different qualifications and professions appropriately to achieve competitive advantage.
In the rapidly developing construction sector, the Company encourages the
performance of employees in line with the importance it places on human
resources, while aiming to improve their standard of living. To this end, the
Company prioritizes employee training, career development and orientation
in all areas. Through business process analysis and design as well as emplo100
TEPE İNŞAAT 2014 ANNUAL REPORT
yee appreciation and reward systems, employee motivation is increased on an
ongoing basis. Additionally, occupational health and safety, which is critical in
the construction business, is given special emphasis at Tepe İnşaat.
Human Resources Profile
Age Profile
18–24
25–34
35–44
45–54
55 and above
Total
19
65
119
104
24
331
Breakdown by White/Blue Collar
White Collar
Blue Collar
Total
179
152
331
Gender Profile
Male
Female
287
44
Total
331
Educational Level
Elementary School
Secondary School
Associate degree
Undergraduate
Graduate
Total
119
64
19
120
9
331
Breakdown by Workplace
Head Office
Domestic Contracting Projects
Domestic Investment Projects
International Contracting Projects
Support Units
Total
SUSTAINABILITY
75
100
70
48
38
331
Narcity,
Maltepe, Istanbul
HUMAN, SPACE, LIFE
101
Occupational Safety, Environmental and Quality Policy
Steadily raising the bar in keeping with the continuous
improvement approach, Tepe İnşaat strictly observes occupational
health and safety best practices.
Tepe İnşaat ISO 9001 Quality Management System
Tepe İnşaat structures all its business processes using the quality management system, in compliance with legal and regulatory requirements and at
international standards. Steadily raising the bar in accordance with the continuous improvement approach, the Company observes the following key priorities when carrying out 2014 operations which it describes as “The Quality
Journey”:
•Tepe İnşaat has set quantifiable targets and processes to achieve results
that meet customer requirements. These conditions are in line with the
Company’s Quality Policy and were determined for all operations within
each process, the input for the process, suppliers and necessary results as
well as domestic/international clients and defined the relationship between
the processes.
•To achieve efficiency in all processes, the methods, directives and regulations have been defined and the job descriptions of the process owners
and employees have been made as well as the area of their authority and
capabilities.
•Regarding management system practices at construction sites, Project Management plans have been made for each site and work has been undertaken to maintain responsibility sharing and communication.
•In line with the continuous improvement approach, the Company carries
out planned internal audits by trained internal auditors twice a year; subsequently, senior management reviewed achievement rate for performance
goals, the outcome of corrective and preventive operations, customer feedback, training efficiency and similar processes and the results of other
analyses and measurements. The Company assessed the capacity, suitability and efficiency of the system, made available necessary additional resources and implemented precautionary measures as needed.
Tepe İnşaat OHSAS 18001 Occupational Health and Safety
Management System
Having defined occupational health and safety implementations in accordance
with OHSAS 18001 Management System standards, Tepe İnşaat strives to
improve its infrastructure in line with current needs and future expectations.
With its OHSAS 18001 Management System certification Tepe İnşaat effectively controls the occupational health and safety risk of its employees and
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TEPE İNŞAAT 2014 ANNUAL REPORT
stakeholders in its influence area and carries out updates in line with current needs. During the integration of the Occupational Health and Safety Management
System into the corporate structure of the Company, the PDCA Cycle (Plan-Do-Check-Act) developed in part by Edward Deming has been utilized. During the
System’s planning stage, hazards related to the Company activities are first
identified and an effective risk assessment is performed. During the assessment
process, preparations are made to prevent possible hazards with a proactive
approach using quantifiable and concrete approaches as well as the previous
experiences and foresight gained within the Company. Following the risk assessments, occupational health and safety goals for various processes are set
in accordance with the current technological facilities and operating conditions
stipulated by the law as well as by the Company itself. Action plans formed in
relation to these goals are then implemented and continuously updated in light
of recent developments.
Employees, including subcontractors, at the construction sites and at units with
similar operational activities, receive constant training about compliance with
methods defined in relation to occupational health and safety, sharing responsibility, potential risk, and emergencies and using protective equipment.
The effectiveness of the implementation of documented methods is also evaluated throughout the process.
The criteria for operational control is established by taking activities, equipment,
site-based directives, process-based regulations, practical checklists and monitoring and measurement plans into consideration; maximum effort is invested
in order to prevent deviations. All accidents, incidents and near-miss events are
analyzed multilaterally and permanent improvements are made in the system
through statistical analyses and corrective and preventive actions.
Construction Site Occupational Health and Safety supervisors constantly monitor field work and periodical controls, measurements, analyses and maintenance
work regarding each process is undertaken by process owners in accordance
with the plans. System overhaul needs are identified and implemented through
preplanned internal audits and detailed review meetings.
Enjoying a strong brand reputation thanks to a corporate structure closely linked
with innovation, Tepe İnşaat aims to continue implementing “best practices” in
occupational health and safety for stakeholders in the coming period.
SUSTAINABILITY
Mayfest,
Bilkent, Ankara
HUMAN, SPACE, LIFE
103
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SUSTAINABILITY
HUMAN, SPACE, LIFE
105
Bilkent University
Having started education activities in 1986 with 386 enrolled
students, Bilkent University has become today a globally
recognized educational institution that includes nine faculties
and two colleges offering 29 undergraduate and 51 graduate
degree programs, with 13,000 enrolled students and a faculty of
academics from 40 different countries.
Bilkent University was founded on October 20, 1984 with the joint resolution of the İhsan Doğramacı Education Foundation, İhsan Doğramacı Health
Foundation and İhsan Doğramacı Science and Research Foundation. Bilkent
University is the first foundation university in Turkey. Bilkent has become
one of the world’s leading universities, renowned for its quality of education,
scientific research and academic publications, cultural & art activities and
the outstanding achievements of the students and alumni. The university is
named to reflect this objective—Bilkent is the abbreviation of “bilim kenti” in
Turkish, which means “City of Science.”
Preparations to establish Bilkent University began in 1967 with the purchase of a large tract to the west of Ankara and continued with the construction
of the campus buildings in the late 1970s and early 1980s. The first buildings on the campus are currently housing the Faculty of Engineering and the
Library. As the university developed and the number of students increased
over the course of time, cafeterias, dormitories, a concert hall, sport facilities, new faculty and college buildings were added; these were followed by
pre-school, elementary and high schools, two health centers, a computer
center building and scientific research facilities.
Having started education activities in 1986 with 386 enrolled students, Bilkent University has become today a globally recognized educational institution that includes nine faculties and two colleges offering 29 undergraduate
and 51 graduate degree programs, with 13,000 enrolled students and a faculty of academics from 40 different countries.
Via exchange program agreements with the world’s most distinguished
universities, Bilkent provides its students with a global vision and further
boosts the high quality of education it provides. These educational institutions, which include more than 250 universities, are located mainly in North
America, Europe and the Far East.
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TEPE İNŞAAT 2014 ANNUAL REPORT
Graduates of Bilkent University successfully represent their university both
in the business community and in well-established educational institutions
around the world. Established in 1988 to guide students in post-graduation career planning, the Career Center maintains strong ties with students,
alumni and the professional world. The Career Center at Bilkent is the first
facility opened by a Turkish university for such a purpose.
As the leading university in Turkey and abroad in terms of the number of
international academic publications per faculty member almost every year
since its founding, Bilkent University maintains its pioneering role in higher
education in the country.
Bilkent University in Figures
•Established in 1984 as Turkey’s first foundation university, Bilkent opened its doors to students in 1986.
•Bilkent alumni number more than 37,000.
•The campus is 12 km far from the citycenter and sits on a 5,000 acre tract,
of which 3,000 acres are forested.
•Almost 42% of the 13,000 students enrolled at the University are on a
scholarship.
•University offer 29 graduate and 51 postgraduate degree programs, respectively.
•Bilkent has an academic staff from 40 different countries.
•Faculty members were supported with a budget of nearly TL 400,000,000
between 2005 and 2015 via 424 TÜBİTAK projects, 93 European Union
projects and 260 private and public sector company projects.
•Student exchange programs are organized with more than 250 universities in 35 countries.
•Visited by 800,000 researchers and students every year, the University
Library offers world-class services with a collection of 470,000 books,
124,000 electronic journals, 270,000 electronic books, 1,324 printed journals and 150 interactive databases.
•More than 100 student clubs are active at the University.
•With the initiatives they have developed since 1999, Bilkent students
have provided support to elementary schools, senior citizens and others
in need throughout Turkey.
SUSTAINABILITY
Bilkent University,
Bilkent, Ankara
HUMAN, SPACE, LIFE
107
Bilkent University
•Student run and operated Radio Bilkent broadcasts at FM 96.6.
•The University’s dormitories house 4,000 students.
•The Health Center serves students 24/7.
•Bilkent Symphony Orchestra (BSO), performs more than 50 concerts
every year at the Bilkent Concert Hall, which seats 800 people. Bilkent
Symphony Orchestra (BSO) is composed of musical artists from 13 different countries.
•Approximately 100 established institutions visit Bilkent University each
year to promote their organizations and to reach out to potential employees.
•Established in 2002, Bilkent Cyberpark is one of Turkey’s most rapidly
growing technology parks. With its 213 companies and seven research
centers, the Cyberpark provides employment opportunities for more than
3,500 persons.
•Bilkent University ranked 399th on the “World Universities” list published
by Quacquarelli Symonds (UK), a well-known educational consultancy,
and became one of two Turkish universities to first appear on this list.
•Bilkent University ranked 28th on the “World’s Top 100 Young Universities” list published by Times Higher Education (UK), a globally renowned
publication in the higher education field.
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TEPE İNŞAAT 2014 ANNUAL REPORT
SUSTAINABILITY
Contact Information
Tepe İnşaat Sanayi Anonim Şirketi
Head Office
Beytepe Köyü Yolu No: 5, Bilkent, Ankara, Turkey
Phone: +90 (312) 266 58 00 (13 Lines)
Fax: +90 (312) 266 78 38-39
E-mail: [email protected]
Business Development: [email protected]
Human Resources: [email protected]
Istanbul Office
Başıbüyük Mahallesi 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: [email protected]
Iraq Country Office-Erbil
Gulan Street English Villages, No: 250, Erbil, Iraq
GPS: N 36° 11’ 37” E 43° 58’ 16”
GSM: +964 750 396 34 34
E-mail: [email protected]
Iraq-Sulaymaniyah Office
Sulaymaniyah New University Campus Qilyasan, Sulaymaniyah, Iraq
GSM: +964 770 364 34 66, +964 750 115 14 62
E-mail: [email protected]
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TEPE İNŞAAT 2014 ANNUAL REPORT
Russia Country Representative Office
119435, Bolshoy Savvinskiy Per. 9, Building 2, Moscow, Russia
Phone: +7 (495) 221 10 49
Fax: +7 (495) 221 10 44
E-mail: [email protected]
Web: www.tepeconstruction.ru
Azerbaijan Office
Hakverdiyev Küçesi Ev No: 21, Baku, Azerbaijan
Phone: + 994 12498 14 95
Fax: + 994 12498 92 57
E-mail: [email protected]
Albania Office
Gjergji Business Center Floor 5 No: 1-2, Tirana, Albania
Phone: + 355 42251187
Fax: + 355 42258360
E-mail: [email protected]
Turkmenistan Office
Tepe Türkmen İnşaat ve Tic. A.Ş. Yimpaş Business Center 54,
Turkmenbashi Avenue,
Office Number: 701–B Ashgabat/Turkmenistan
Phone: +993 (12) 450 291, +993 (12) 450 292
Fax: +993 (12) 450 293
E-mail: [email protected]
Web: www.tepeturkmen.com
FINANCIAL STATEMENTS
HUMAN-SPACE-LIFE
Human... Space... Life.
We construct “living buildings” that breathe and share
life with people; buildings that add value to life in each
and every square meter.
This year, we present our annual report accompanied
with a special project. We reveal the human-space
synergy and this unique harmony using snapshots by
Mehmet Turgut, one of the leading photographers in
Turkey and the world.
www.tepeinsaat.com.tr
TEPE İNŞAAT 2014 ANNUAL REPORT
Operating in the construction sector, we conduct our
business activities by strengthening concrete, steel and
each square meter of construction, backed by our many
years of experience and our innovative ideas.
2014 ANNUAL REPORT

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