Page 24 - Nurol YES Sustainability Report

FINANCIAL OUTLOOK

FINANCIAL INDICATORS ECONOMIC VALUE: GENERATED & DISTRIBUTED
FINANCIAL INDICATORS (IFRS - CONSOLIDATED) - MTL Bin TL
Nurol Construction continued to
grow also in 2018 with stable 2016 2017 2018 I. DIRECT ECONOMIC VALUE GENERATED
financial structure. In this context,
the picture related to our TOTAL 6.002.570 6.496.406 8.518.650 Net Sales 3.744.833
company's financial outlook is as ASSETS
below. By the end of 2018, Dividends from Equity Method Investment Activity 473.097
consolidated active assets
increased by 31% vs ya, TOTAL Revenue from Investment activities 197.500
shareholders' equity increased by SHAREHOLDERS’ 1.920.656 2.096.714 2.825.350 Financial Income 504.913
35% vs ya. Shareholder's equity EQUITY
equals to 33% of total assets. Revenue 4.920.343
Interest, Amortization and EBITDA
increased by 75%. Our revenue II. DIRECT ECONOMIC VALUE DISTRIBUTED
increased by 55% and realized EBITDA 368.752 550.814 951.525
around 3.744.833 TRY. By the end COGS (Including Operational Costs) 2.860.333
of 2018, the size of completed and
on-going projects is above 23 Administrative Expenses 68.136
billion USD. SALES 2.304.234 2.421.588 3.744.833
REVENUE Expenses for Society Development Activities 1.498
Financial Expenses 1.973.586

Taxes (Government related) -1.800
Total Expenses 4.901.753
TOTAL ASSETS SALES REVENUE
III. PROFIT/LOSS (GENERATED ECONOMIC VALUE)
2018 8.518.650 2018 3.744.833 Total Revenues 4.920.343

Total Expenses 4.901.753

2017 6.496.406 2017 2.421.588 Profit/Loss (Generated Economic Value) 18.590

Notes:
2016 6.002.570 2016 2.304.234 No significant penalties for 1. Reporting Period.

31% 55%

Branches and Joint Ventures

Nurol U.A.E. projects Nurol Construction Morocco projects Gama - Nurol Joint Venture Özgün - Nurol Joint Venture
Nurol Georgia projects Nurol Construction Erbil projects Nurol - Özaltın - Makyol - Astaldi - Göçay Nurol-Gülermak Joint Venture
Joint Venture (NÖMAYG)
Nurol Saudi Arabia projects Nurol Construction Baghdad projects Nurol-Gülermak-Makyol Joint Venture
Nurol - Yüksel - Özka - YDA Joint Venture
Nurol Construction Libya projects Nurol - Cengiz Joint Venture Nurol-Mesa Joint Venture
Nurol - Yüksel - YDA - Özka Joint Venture
Nurol Construction Algeria projects Nurol - Cengiz Hasankeyf Joint Venture Nurol-Gülsan Joint Venture

24 NUROL YES SUSTAINABILITY REPORT 2018 FINANCIAL OUTLOOK 25