tepe i̇nşaat at a glance

TEPE İNŞAAT fact sheet 2011
TEPE İNŞAAT
AT A GLANCE
Tepe İnşaat has been operating in the construction
industry for the past 42 years. This sector steers the
country’s economy making it among Turkey’s most
important industries and one that creates value for
Bilkent Holding A.Ş., its principal shareholder and
for the projects its produces. Understanding that the
concept of “peak” not as a target but as a point to
reach in terms of advancement, success and service,
the Company has become one of the important players
within the industry and is internationally renowned
for its domestic and international projects produced
while taking the constantly changing needs of the
modern world into consideration. The main principle
Getting its strength from its
qualified human resources
and professional corporate
management, Tepe İnşaat aims
to continue shining with projects
that make a difference.
of Prof. Dr. İhsan Doğramacı’s philosophy “further,
toward the best” has provided the Company with
extensive experience in project development and the
construction of hospitals, airports, terminals, pipelines,
power plants, business and shopping centers.
Getting its strength from its qualified human resources
and professional corporate management, Tepe İnşaat
aims to continue shining with projects that make a
difference.
As of December 31, 2011 Tepe İnşaat’s registered
capital was TRY 780,000,000 million.
SHAREHOLDING STRUCTURE (%)
Company
Share
Name
Shareholders
Class
Bilkent Holding A.Ş.
A
Bilkent Holding A.Ş.
B
Tepe
İnşaat
Tepe Emlak Yat. İnş. A.Ş.
B
Sanayi
Tepe Savunma ve Güv. Sis. A.Ş.
B
Anonim
Şirketi
Tepe Home Mob. Dek. Ürün. San. ve Tic. A.Ş.
B
Meteksan Matbaacılık A.Ş.
B
Bilkent Holding A.Ş.
85.86
TRY
Share of Ratio of
Capital Shares %
1
0
669,741,166
85.86
104,000,091
13.33
5,672,386
0.73
562,352
0.07
24,004
0
Tepe Emlak Yat. İnş. A.Ş.
13.33
Number
of Shares
780,000,000
780,000,000
780,000,000
780,000,000
780,000,000
780,000,000
other
0.8%
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Head Offıce
Beytepe Köyü Yolu No:5 06800
Bilkent, Ankara, Turkey
Phone: +90 (312) 266 58 00 (LINE 13)
Fax: +90 (312) 266 78 38 - 39
E-mail: [email protected]
Russıa
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]
Istanbul Offıce
Başıbüyük Mah. Emek Cad. No:281/B
Narcity Konutları Maltepe, Istanbul, Turkey
Phone: +90 (216) 675 08 00 - 01
Fax: +90 (216) 675 08 02
E-mail: [email protected]
Iraq
Sulaymaniyah
New Sulaymaniyah University Campus Project
Qiliasan, Sulaymaniyah, Iraq
Phone: +(964) 770 364 34 66 - 750 115 14 62
Azerbaıjan
Intepe Offshore LTD.
Hakverdiyev Küçesi Ev No:21
Baku, Azerbaijan
Phone: + (994) 12498 14 95
Fax: + (994) 12498 92 57
E-mail: [email protected] / [email protected]
Albanıa
Gjergji Business Center Floor 5 No:1-2
Tirana, Albania
Phone: + (355) 42251187
Fax: + (355) 42258360
Erbil
Gulan Street, English Village, No:250
Erbil, Iraq
Phone: +(964) 750 396 34 34 - 750 765 84 71
Turkmenıstan
Yimpaş Business Center
54, Turkmenbashi Avenue,
Office No: 701 - B
Ashgabat, Turkmenistan
Phone: +993 (64) 035 147
E-mail: [email protected]
www.tepeinsaat.com.tr
fact sheet 2011
TEPE İNŞAAT fact sheet 2011
KEY FINANCIAL
INDICATORS
Balance Sheet Figures (TRY thousand) *
A- Current Assets
B- Fixed Assets
Total Assets
A- Short-term Foreign Liabilities
B- Long-term Foreign Liabilities
C- Equity
Total Liabilities
Net Sales
Operating Profits
Extraordinary Revenues and Incomes
Thanks to its sustainable
financial structure, Tepe İnşaat
undertakes profitable projects
and carries its corporate
structure into the future.
2010
591,751
995,367
1,587,118
230,325
577,543
779,250
1,587,118
2011
531,497
1,179,908
1,711,405
261,847
619,022
830,536
1,711,405
2010
270,752
43,149
7,365
2011
347,806
58,305
12,135
* Prepared according to the stand-alone financial statements.
Liquidity Ratios *
Current Ratio
Acid-Test Ratio
Cash Ratio
2010
2.57
2.47
0.42
2011
2.30
1.92
0.34
3.66
99.64
0.46
361,425,886.95
0.75
1.64
0.17
0.35
4.21
86.68
0.65
269,650,074.19
1.29
1.98
0.20
0.42
Financial Leverage Ratios *
Financial Leverage Ratio
Financing Ratio
Ratio of Equity to Total Assets
Ratio of Short-term Debts to Total Liabilities
Ratio of Short-term Debts to Total Debts
Ratio of Long-term Debts to Total Liabilities
0.51
0.96
0.49
0.15
0.29
0.36
0.51
0.94
0.49
0.15
0.30
0.36
Ratio Analysis in Accordance with the Public Procurement Law *
Current Ratio
Ratio of Equity to Total Assets
Ratio of Short-term Financial Liabilities to Total Equity
2.30
0.65
0.01
3.00
0.59
0.00
Operational Ratios *
Accounts Receivable Turnover Ratio
Accounts Receivable Collection Period
Current Asset Turnover Ratio
Net Working Capital (TRY)
Net Working Capital Turnover Ratio
Tangible Asset Turnover Ratio
Total Asset Turnover Ratio
Equity Turnover Ratio
* Prepared according to the stand-alone financial statements.
TOTAL ASSETS (TRY THOUSAND)
2011
2010
NET SALES (TRY THOUSAND)
1,711,405
1,587,118
2010
SHAREHOLDERS’ EQUITY (TRY THOUSAND)
2011
830,536
2010
779,250
Current Ratıo
2011
2.30
270,752
OPERATING PROFIT (TRY THOUSAND)
2011
2010
2011
2.57
Acıd-Test Ratıo
2010
347,806
58,305
43,149
Cash Ratıo
2010
2011
2011
2010
0.34
0.42
Fınancıng Ratıo
1.92
2011
2.47
2010
0.94
0.96
MAJOR DEVELOPMENTS
IN 2011
A significant step, expanding Tepe İnşaat’s operation field
Tepe İnşaat took over İstanbul Deniz Otobüsleri Sanayi ve
Ticaret A.Ş. (İDO) which was established in 1987 to help
reduce rush-hour traffic in Istanbul and which is now one
of the largest maritime transport fleets in the world. It was
acquired for US$ 861 million by the Tepe-Akfen-Souter-Sera
(TASS) consortium. With its strong partnership structure,
Akfen Holding (30%), Tepe İnşaat (30%), Souter Investments
(30%) and Sera Gayrimenkul Yatırım (10%) plus new
corporate management, the Company has made important
breakthroughs toward expanding its transportation network
and corporate capacity.
Tepe İnşaat has crowned its success with awards
Tepe İnşaat was listed in 166th place on the 2011 ENR
Top 225 List made up of the world’s largest international
construction and contracting companies.
Tepe İnşaat was ranked 309th in 2010 and 262th in 2011 on
the Fortune 500 Turkey list, prepared annually by Fortune
Turkey magazine and includes the top 500 companies in
Turkey.
Tepe İnşaat was awarded the European Business Awards in
Turkey category, one of the most prestigious awards in the
business world.
Following the sale of 18% of the shares of Tepe İnşaat A.Ş. in
TAV Havalimanları A.Ş. to Aeroports de Paris Management
for US$ 414 million and the 23,275% of its shares in TAV
Tepe-Akfen Yatırım İnşaat ve İşletme A.Ş. for US$ 23.275.000,
JCR Eurasia Rating has assigned an investment grade credit
rating of “A(Trk)” on the long term national scale to Bilkent
Holding A.Ş. along with a “stable” outlook. In the statement
made by JCR Euroasia Rating, it was stated that the sale
would have a positive effect on the market efficiency and the
performance of the companies within Bilkent Holding.
New host of capital city Ankara’s business and social life:
Tepe Prime Business-Residence-Avenue
With its contemporary architecture, functional and
environmentally friendly approach, an open air concept and
smart building features, Tepe Prime Business- ResidenceAvenue, the most prestigious work and social life project
in Ankara, was opened on October 2, 2011. It includes 218
office spaces, 100 business studio flats that can also be used
as residences and 37 cafés, restaurants and entertainment
venues for different tastes as well as various stores. Tepe
Prime Business-Residence-Avenue includes a 10-story
residence building and two 18- and 19-story business blocks,
independent from each other.
Tepe İnşaat received many
national and international
awards in 2011 and gained
significant financial and
operational success.
Tepe Prime Business
Tepe Prime Business matches your expectations, where
you would have the business environment you are looking
for and that would reflect your prestige in the business
world. With its location, easy access and unique landscape
planning, Tepe Prime Business has raised the standards in
Ankara.
Tepe Prime Residence
A reflection of stylish modern living, Tepe Prime Residence
with its studio flats that range between 78 and 102 m2
gross, meets different demands and offer innovations and
comfort that come with today’s lifestyle.
Tepe Prime Avenue
Setting out to contribute to Ankara’s business and social
life and to provide the city with a new meeting place,
Tepe Prime Avenue is preferred by some of Turkey’s
most popular cafés, restaurants and entertainment brand
names. With unique architecture with an open-air model,
Tepe Prime Avenue is a first in Ankara and includes Hayâl
Kahvesi, İstanbul’s renowned entertainment venue, 2’ler Et
Lokantası, the Burger House, Eat’n Fit Barnies Coffee and
Gratis. The project also attracts attention with a variety
of popular restaurants such as the New Castle, Ege Balık,
Özler Döner, Minkaa, Neli Pastanesi and Tunalı Vitamin
Park that appeal to different tastes. Housing the Mercedes
Showroom, the first concept showroom in Turkey, there
is also a branch of D&R that combines entertainment and
culture products as well as a bookshop, pharmacy, tobacco
shop, florist, dry cleaners, hair styling salon and a Migros
Supermarket. Tepe Prime Avenue has outdoor dining and
entertainment and venues for activities such as concerts,
theatre and festivals within its courtyard that includes
a pool, with illuminated water shows and a large stage.
Designed with an ‘agora’ concept, Tepe Prime Avenue has
distinct architectural features with special landscaping
arrangements that enable access to venues from different
routes.
Tepe’s Autograph in the First Stage of the
Ankara-Bursa Fast Train Project
The tender for the infrastructure of the 75-kilometer
section between Bursa and Yenişehir, the first stage of
the Ankara-Bursa fast train project, was won by the YSE
Yapı-Tepe İnşaat joint venture for TRY 393 million and 170
thousand. Planned to be completed within three years, the
project will shorten the trip between Ankara and Bursa to
two and a half hours.