Dogan Sirketler Grubu Holding A.S. Stock

Dogan Sirketler Grubu Holding A.S., together with its subsidiaries, engages in the energy, petroleum products retail, finance, Internet entertainment, media, industry, automotive, tourism, and real estate businesses.

Operations

Energy

Dogan Enerji Yatirimlari Sanayi ve Ticaret A.S. (Dogan Enerji)

The company sees energy investments as one of its core business lines. To this end, Dogan Enerji engages in the generation, distribution, domestic and international wholesale and retail trade of energy from any source and to realize investments in Turkey and the region. As such, the company’s energy investments were all gathered under a single umbrella.

Fuel Retailing

Aytemiz Akaryakit Dagitim A.S. (Aytemiz)

Aytemiz operates in the petroleum products sector. It received petroleum products distribution license from the Energy Market Regulatory Authority (EMRA) and began conducting activities in this field. Aytemiz operates in the distribution and marketing of petroleum products. As of December 31, 2018, Aytemiz was active in fuel oil and LP storage and distribution with 575 stations (a total of 598 that are licensed or pending license), 11 refilling points and 5 storage facilities. Aytemiz has a total storage capacity of 250 thousand m3 in Izmit, Kirikkale, Trabzon, Mersin and Alanya terminals, 575 which the company owns.

Aytemiz successfully completed BKM Express integration for the digital wallet solution within its mobile app in 2018. This effort enabled customers to purchase fuel oil at the pump by using the app only, without the need for any other payment method. The company is committed to developing solutions to bring digitization to the fuel retailing sector. Aytemiz encourages new customers to visit its service stations with various efforts, establishes partnerships with retail brands to improve customer loyalty, and regularly adds new features to Aytemiz Card. Aytemiz has implemented the Pay On Board system to boost the added value that technology provides to the fuel retailing industry. The company intends to boost the training standards of its staff by making the online training module compulsory for dealers in 2019. In first quarter 2019, the new training hall, which is part of the reconfigured building layout, would be used for Aytemiz Academy.

Electricity Generation and Trade

Wind Power Plants (WPP)

Sah WPP and Mersin WPP

Dogan Enerji entered the wind power generation sector in 2012. At that time, the company added Mersin WPP and Sah WPP, which operate under the name Galata Wind Enerji A.S., to its power plant portfolio. As Dogan Enerji’s fully owned subsidiaries, Mersin WPP operates in Mersin Province, Mut district; and Sah WPP in Balikesir Province, Bandirma district. Mersin WPP and Sah WPP, whose licenses were obtained in 2007 and 2008 and which have a total installed capacity of 167.7 MW, are expected to generate an annual 520 million kWh of electricity in total. In particular, Mersin WPP is one of the efficient wind plants in Turkey due to its location and generation data, and therefore contributes to the Dogan Enerji portfolio.

Taspinar WPP

Dogan Enerji has in its portfolio the 60 MW Taspinar WPP project, which is in the pre-license stage. Permission procedures continue for the Taspinar WPP project, which is located in the Bursa-Mustafakemalpasa region. It is expected to receive the license in the first half of 2019, and initiate construction activities by the last quarter of 2019. Taspinar WPP is expected to have a major place in the Dogan Energy portfolio because of the YEKDEM subsidy and the additional local content, which would available due to employment of locally manufactured parts.

Hydro Power Plants (HEPP)

Aslancik Dam and HEPP

Aslancik Dam and Hydroelectric Power Plant is situated on Harsit Brook within the town limits of Dogankent and Tirebolu in Giresun Province. The company has a 25% share in the project while Dogan Enerji holds an 8.33% share in the 120 MW Aslancik Dam and HEPP Project. The other partners of the project are Anadolu Group and Dogus Enerji. The project’s electricity generation license was received from the EMRA in 2008, the power plant is expected to generate 350 million kWh of energy annually. Aslancik HEPP is the second HEPP project commissioned by Dogan Enerji.

Boyabat Dam and HEPP

The 513 MW Boyabat Dam and HEPP is located in northern Turkey, on the Kizilirmak River. Dogan Enerji owns 33% of Boyabat Elektrik Üretim ve Ticaret A.S. The other partners of the project are Unit Elektrik and Dogus Enerji. The license of the Boyabat Dam and HEPP project was obtained from EMRA in 2007. The project became fully operational in 2012. The Boyabat project is expected to generate approximately 1 billion kWh electricity per year.

Solar PV Plants (PV)

Çorum PV

Dogan Enerji bolstered its position in the industry by adding solar energy to its renewable power generation portfolio. The PV plant in central Çorum is unlicensed and has an installed capacity of 9.4 MW. The project has approximately 30,000 photovoltaic solar panels and is expected to generate an average of 14 million kWh per year.

Wholesale and Retail Electricity Trade

Doel Elektrik Enerjisi Toptan Satis A.S. (DOEL)

In 2017, Dogan Enerji restructured its wholesale and retail operations, and paved the way towards entering new business lines aside from the limited retail sales. The trade company has started operating under the name DOEL in 2018. On top of its eligible consumer portfolio, it stands out with the Imbalancing Group under its umbrella and controls an approximately 5,000 MW energy generation portfolio. DOEL manages all of its portfolio with intra-day trading and strives to minimize the imbalances. Selling a monthly average of 650 million kWh to its customers, DOEL recorded 6.5 billion kWh of total electricity sales in 2018.

Industry

Çelik Halat ve Tel Sanayii A.S. (Çelik Halat)

Çelik Halat meets the demand for carbon steel wire and rope in Turkey. Çelik Halat is subject to the Capital Markets Law. Çelik Halat manufactures steel wire ropes, industrial galvanized wires, industrial spring wires, bead wires and concrete strands. The ropes and wires produced by Çelik Halat have been used in cranes, construction, oil and mining, ships, elevators, transportation vehicles, agricultural vehicles and various other areas.

Ditas Dogan Yedek Parça Imalat ve Teknik A.S. (Ditas)

Ditas operates in the automotive supplier industry, which manufactures steering and suspension systems parts for all types of vehicles. Ditas is subject to the Capital Markets Law and the regulations of the Capital Markets Board.

Automotive Trade and Marketing

Suzuki Motorlu Araçlar Pazarlama A.S. (Suzuki)

Suzuki satisfies customers of Suzuki brand automobiles, motorcycles, and marine motors, and to ensure their loyalty to the Suzuki brand. To this end, Suzuki’s objective is to ensure continuity in sales and after sales services. Suzuki's SUV model Suzuki Vitara, which made its mark in the automotive world, became Turkey's preferred SUV model in its class in 2018 with 2,361 units sold. Suzuki Vitara, which generated great interest among automobile fanatics, is expected to continue this success in 2019. With the new Jimny and new Swift launched in December 2018, Suzuki focuses on boosting its share in the automobile market, which is expected contract in 2019. In this period, Suzuki sold 628 marine motors in the form of wholesales.

Piaggio - Trend Motosiklet Pazarlama A.S. (Trend)

The company’s, subsidiary, Trend reached an ‘exclusive distributorship agreement for Turkey’ with Piaggio & C. SpA (Piaggio Group), the manufacturer of Europe's primary and the world's major motorcycle brands (Piaggio, Vespa, Aprilia and MotoGuzzi) in 2016. In 2019, Trend intends to continue to improve in the motorcycle market with its all other models, particularly Vespa. On the Asian side of Istanbul, Trend established the authorized dealer Motoplex to sell various models and accessories, as well as deliver aftersales services with a special focus on customer satisfaction.

DAF - Glokal Motorlu Araçlar Pazarlama A.S. (Glokal)

In line with its sectoral growth plans, the company executed an agreement with PACCAR Group – the major heavy vehicle company in the United States and one of the major three in Europe. With this agreement, Glokal was established for the sales and after sales operations of DAF-branded heavy commercial vehicles. After officially launching its operations in 2016, Glokal started to provide sales services at its center in Kosuyolu. From 2017 onwards, Glokal commenced delivering services to DAF-branded tow trucks and trucks in Ikitelli on the European side of Istanbul. Continuing to conduct sales and aftersales services for DAF-branded tow trucks and trucks, Glokal closed the year 2018 with 78 tow trucks sold due to the 36% contraction in the heavy commercial vehicle market.

Finance and Investment

Doruk Faktoring A.S. (Doruk Faktoring)

Doruk Faktoring provides services, including the taking over and collection of billed receivables arising from the sale of goods or services and of receivables arising from the sale of goods and services in accordance with BRSA’s regulatory framework; the keeping of debtor and customer accounts; and performing financing and factoring guarantee functions. To perform all types of factoring transactions, including debt collection, financing, intelligence, accounting and other related services, Doruk Faktoring specializes in debt collection and provides service to the company and the media sector.

In addition to debt collection, Doruk Faktoring provides other services, such as accounting, reconciliation, legal services and financing. The company allocates to non-group companies all of the funds it generates through its own equity, and the loans it takes out.

Doruk Finansman A.S. (Doruk Finansman)

Doruk Finansman is the mortgage company in Turkey. Doruk Finansman is a member of Association of Financial Institutions and has received the approval of the Banking Regulation and Supervision Agency for insurance dealership. As of December 31, 2018, the company had provided loans for a total of 233 products or services. In 2018, Doruk Finansman extended TL 188.5 million in financing for 215 loans.

Doruk Finansman's portfolio includes a range of sectors, such as textiles, construction, training, advertising, consultancy, machine industry and automotive. Doruk Finansman is authorized to extend loans, such as vehicle loans, loans for the procurement of consumer durables, mortgage loans, mortgage-backed individual financing loans, service sector loans and stock financing loans.

Öncü Girisim Sermayesi Yatirim Ortakligi A.S. (Öncü VCIT)

Öncü VCIT’s intends to provide financing to companies, which generate revenues, have designed their product/service, are engaged in commerce, boast a strong team, enjoy product market harmony, have passed to the growth stage, and are seeking investments for the next stage (product, production, market, and the like).

The company intends to invest venture capital in various business lines in accordance with its investment policy. ÖNCÜ VCIT primarily focuses on new economy, technology/software firms in need of financial and strategic restructuring, enterprises that target a growth and development drive in their business area, companies with competitive potential that intend to expand their operations in Turkish and worldwide markets, companies with high export potential and/or foreign currency generation potential, and entrepreneurial enterprises and SMEs.

ÖNCÜ VCIT's investments include Insider, which focuses on digital technologies, personalization and forecasting analytics; Düsyeri, which produces cartoons, animations, licensed products and digital investments; Hürriyet Emlak, a residential and office rental and sales platform; and the food retail chain Tavuk Dünyasi.

Real Estate Investments

D Gayrimenkul Yatirimlari ve Ticaret A.S. (D Gayrimenkul)

D Gayrimenkul operates in the real estate sector. The company engages in the rental, purchase and sale of all types of real estate in Turkey and internationally. Trump Towers Istanbul comprises a 36-floor office tower and the 5-floor Trump Shopping Center. D Gayrimenkul acquired Trump Towers Istanbul, which is built over a construction area of 182,000 m2 and boasts 34,674 m2 of leasable office space (86 independent units) in addition to Trump Shopping Center with 42,554 m2 of leasable area (214 independent units).

Trump Office Tower

Blending business with social life, Trump Office Tower provides employees with an elite environment that is markedly different from traditional office space. At Trump Office Tower, everything from interior decor to technology hardware has been designed for the comfort and convenience of employees. Offering a range of office usage alternatives approximately 1,000 m2 on a single floor, Trump Office Tower delivers a pleasant and privileged working environment with management services that make life easier – such as private reception, service and valet parking.

The 36-floor Trump Office Tower features private terrace areas. A standout with its privileged position in the heart of Istanbul, Trump Office Tower provides practical transport solutions with direct access to the metro and metrobus, proximity to airport and bridge connections, and central location along the TaksimLevent axis.

Trump Shopping Center

Trump Shopping Center figures among the favorite malls of Istanbul residents thanks to its shopping ease and pleasure, as well as its event and activity program. Trump Shopping Center provides a range of shopping options in addition to entertainment alternatives, food and beverage areas, cinemas, theaters, exhibition hall, and special features (such as the dedicated children's floor). The 5-floor Trump Shopping Center is home to customers' major preferred brands in addition to a sports complex, electronics superstore and food supermarket.

Trump Shopping Center has designed an entire floor covering 9,000 m2 for children. This floor hosts fun events every day and is home to Turkey's first children's city – KidzMondo.

Milpa Ticari ve Sinai Ürünler Pazarlama Sanayi ve Ticaret A.S. (Milpa)

Milpa carries out direct marketing of motor vehicles, consumer durables and consumer products. Throughout the years, the company has diversified its business activities into various sectors ranging from electronics to automobiles, computers to real estate.

Milpa is marketing real estate in the Automall and Veneris projects that it has completed. In 2018, the company recorded the sale of a major portion of real estate in the Automall project and all the real estate in the Veneris project (19 units). Milpa also owns real estate zoned as farm land in a tract totaling 2,093,940.67 m2, located in Istanbul Province, Pendik district, Kurtdogmus village, parcel 1154. The tract is registered among the company’s assets and is valued for its investment potential.

Internet and Entertainment

Glokal Dijital Hizmetler Pazarlama ve Ticaret A.S. - hurriyetemlak.com

Operating under the umbrella of the company with the trade name Glokal Dijital Hizmetler Pazarlama ve Ticaret A.S., Hürriyet Emlak was launched in 2006 to deliver the cleanest ads to those searching for real estate, in a practical and swift manner. Bringing together the entire sector under a single roof, hurriyetemlak.com keeps a finger on the pulse of the sector with its ad portfolio, up-to-date news, products and projects. As of end-2018, hurriyetemlak.com recorded approximately 6 million visitors and 19 million page views monthly on average.

Continuing to invest despite the contracting market, Hürriyet Emlak partnered with Homsters International Ltd to establish Proje Land Dijital Hizmetler Pazarlama ve Ticaret A.S. in 2018. Hürriyet Emlak owns an 86% stake in the new venture, which intends to identify buyers for new home builders.

In June 2018, the company launched a new mobile site, which was developed in light of users’ experience. In 2018, Hürriyet Emlak also rolled out the Kazanç Dünyasi platform. A first in Turkey, the platform is an ecosystem that includes Turkey's primary property brands, real estate firms, users seeking ads and Hürriyet Emlak. Hürriyet Emlak provides users with unprecedented discounts and offers from brands on Kazanç Dünasyi to help meet their home moving requirements, while also granting real estate firms with lucrative business opportunities.

Hürriyet Emlak intends to launch new revenue models designed with its partner Goldman Sachs, and to boost its focus on high technology data analytics. New business models are planned by monitoring key market developments, such increased home sales to foreigners and mandatory appraisals in home sales. Hürriyet Emlak focuses on utilizing data analytics far more to provide customers the most swift, transparent and practical search experience in accordance with their specific budget and needs, as well as individual preferences.

Kanal D Romania

Serving as the face of Kanal D in Romania, Kanal D Romania started broadcasting in 2007 with a national broadcast license. The channel received widespread acclaim with its original broadcasting approach and became one of Romania’s most watched television channels shortly after launch. After starting to broadcast some of its programming in full high-definition in 2014, Kanal D Romania began broadcasting all its content as full HD in 2016. Kanal D Romania is one of two corporations broadcasting full HD programming in Romania.

Radio Impuls

In February 2018, the company launched its new radio investment in Romania – Radio Impuls. Operating in the radio market as the broadcaster of contemporary hit music and holding 10 radio broadcast licenses, Radio Impuls reaches out to one-third of the urban population in the major 10 cities of the country, including the capital city Bucharest.

Slow Türk

Turkey's Turkish slow music radio, Slow Türk intends to make the best love songs accessible to a radio audience under the slogan ‘The Frequency for Love’. With the beautiful, romantic love songs it airs during the day, Slow Türk has become one of the most popular radio channels of its category in Turkey in 2018. Slow Türk reaches audiences through digital platforms, the Türksat satellite, the terrestrial broadcasting network and Internet broadcasts, in addition to applications for tablets and other mobile devices. In 2018, Slow Türk commenced terrestrial broadcasting in the cities of Kocaeli, Gebze, Kayseri and Trabzon. Slow Türk plans to further expand its terrestrial network in 2019 to become one of Turkey’s major five radio stations.

Dogan Music Company (DMC)

DMC maintained its primary position in the sector with 29% market share in CD sales, 44% in radio & TV playlists and 48% in digital sales as of end 2018. In 2016, DMC entered into actor management and casting agency services with Glamorous Celebrity Management Agency, and started to gain a place in the sector.

NetD

netd.com, which went on air in 2012 and changed its design and content structure in September 2017, continues to operate as a ‘Premium Video Content Platform’. To deliver users a 360°-screen experience, netd.com is available on all platforms, including Smart TV, applications and the Web. Capitalizing on the synergy of the ‘Net’ brand, netd.com operates as the broadcasting platform for the NetD music catalogue, influencer videos and special content.

NetD Müzik

NetD Müzik is the official broadcast platform for music clips in various genres – ranging from Turkish pop music to alternative music. It is also the fourth most popular YouTube channel worldwide with 12.6 million subscribers. In 2018, NetD Müzik passed the 10 million subscriber threshold for the first time in Turkey.

The channel streams approximately 10 thousand official videos from 120 producers in its continuously updated catalogue a monthly average of 600 million times to its subscribers. In 2018, NetD Müzik became the most-watched YouTube channel in Turkey by a wide margin, with approximately 46 billion minutes of viewing time, 16 billion views, 6.6 million likes and 150 thousand comments. NetD Müzik delivers Turkish music to the entire world. NetD Müzik broadcasts through music channels on YouTube and Izlesene together with netd.com.

NetD Influencer

NetD Influencer is a multi-channel network that collaborates with channels broadcasting over the YouTube platform. As a YouTube approved company, it obtains the digital advertising sales rights of content producers in Turkey and sells sponsored content. NetD Influencer functions as a video production and consulting network that also delivers production and content consultancy to channels. With its experience in digital marketing, video content production, entertainment and music culture, NetD Influencer manages YouTube and Instagram accounts or channels that generate content. With 100 million monthly views on average and a total of 10 million subscribers, NetD Influencer serves approximately 50 YouTube channels in the most watched categories. NetD Influencer plans to boost access to its channels in the network in the short term and become Turkey's major multi-channel network.

Media

Dogan Burda Dergi

Featuring magazines that have original and creative content, Dogan Burda operates in the magazine publishing sector in Turkey. With two weekly magazines, 15 monthly magazines, and five magazines with special periods, Dogan Burda boasts a portfolio of 85 publications and continues to be a successful player in the sector. As of end-2018, Dogan Burda published a total of 22 magazines, 10 of these magazines are published under license agreements with international companies.

In 2018, Dogan Burda continued to invest in magazine publishing. The company publishes its primary brands and new magazines both in print and online. While adhering to its approach of being a responsible publisher, Dogan Burda – the sector leader – intends to further boost the quality and efficiency of its wellknown brands. The company remains committed to introducing innovations to readers in 2019.

Dogan Egmont

Dogan Egmont is a major book and magazine publisher that attracts a readership of all ages and interests with the partnership of the company and Scandinavia’s primary media group Egmont. Monitoring developments in the sector, Dogan Egmont established the sub-brands DEX in 2011; DEX Plus in 2013; CEO Plus and Dogan Novus in 2014; and Dogan Akademi in 2018. With these efforts, the company is able to reach out to a readership and establish targeted communications with different reader groups. Dogan Egmont, featuring approximately 1,000 children’s books and 20 magazines in its portfolio, plays a major role in +1,000 the personal development of youth and children.

The company, which is the leader in the Turkish children’s book and magazine market, publishes branded books and magazines – such as Disney, Mattel, Hasbro, Universal – in addition to other major publications for youth from Turkey and internationally. Dogan Egmont is committed to maintaining its leadership position in children's books and going beyond conventional sales channels with its Dogan Egmont-branded licenses and major authors.

The company makes the use of the school channel by improving its presence there through special events and partnerships. Dogan Kitap publishes select works of Turkish literature and also translates into Turkish the examples of literature worldwide. Dogan Novus is known in the areas of personal development, health, diet and astrology. DEX is a popular brand in fantastic, science-fiction and romantic fiction while CEO Plus is a well recognized name in business books. In 2019, Dogan Egmont intends to create new bestsellers in all its brands and boost sales of current books by promoting them further. In the coming period, Dogan Egmont plans to expand in university preparation books and digital books, where it has approximately 800 titles. The company also intends to undertake pioneering initiatives in the audio book market.

Tourism

Milta Bodrum Marina

Milta Bodrum Marina ranks among the major five marinas in the Mediterranean basin. Milta Bodrum Marina has a client portfolio of sailboat, catamaran and motor-yacht owners, charter companies and boating agencies. Milta Bodrum Marina, one of the outstanding marinas of the Aegean and Mediterranean coast, is situated at the heart of Bodrum’s city center.

Marlin Otelcilik (Marlin Hotel Management)

Isil Club Bodrum

Isil Club Bodrum is one of the major five institutional facilities delivering hospitality services in Bodrum. The company continues working with TrustYou, which facilitates the instant online visualization and management of guest comments. Isil Club Bodrum received Golden HACCP quality certification in recognition of its success in the annual audits. Isil Club Bodrum also obtained the “Clean Pool Certificate.” from the Ministry of Health, Mugla Public Health Directorate’s.

Marina Vista

Marina Vista, which serves customers throughout the year, is located directly across from Milta Bodrum Marina. Due to its location, it is one of the preferred hotels in the area. Marina Vista Hotel gets high marks from guests with its peaceful environment and boutique service approach. It is the perfect locale for an extraordinary, unforgettable holiday experience with its elegantly designed rooms, fine restaurant, swimming pool, botanical garden and friendly staff.

Marina Vista Hotel intends to further boost its service quality with the professionally trained team it employs. In 2018, Marina Vista was once again awarded with certificates of excellence in guest satisfaction by prestigious international survey sites of the tourism industry, including tripadvisor.com, holidaycheck.com, booking.com, hotels.com, and expedia.com. Some 65% of Marina Vista's hotel guests are Turkish and 40% of guests are repeater customers. The company aims to keep the occupancy rate high through co-operation with agencies in the domestic segment.

Other

Dogan Dis Ticaret

Dogan Dis Ticaret mainly operates in the import of paper and printing blocks. The company also functions as an agent in the trade of paper, cardboard, packaging products; an importer of digital products (satellite receiver systems); and a worldwide supplier focused on the retail market. Dogan Dis Ticaret’s operations are primarily targeted at publishing – newspapers, magazines and books. The company is working on new agency operations in the packaging and cardboard sector, to expand its products portfolio in these improving areas.

Dogan Dis Ticaret expanded its business volume in 2018, primarily in the supply of raw materials to the packaging sector and the worldwide supply of various products sold in the retail sector.

Kelkit Besi

Dogan Organik Süt Sigirciligi (Dogan Organic Dairy Cattle Farm) initially produced organic milk. In 2018, the company changed its field of business activity to raising cattle. Attaching immense importance to the economic, social and cultural advancement of Kelkit, Kelkit Besi, the company’s subsidiary, was established to encourage the local farming population not to opt for the practical product under given market conditions, but instead to choose higher added value products. Kelkit Besi intends to raise a total of 8 thousand heads of cattle in 2018 and 2019. During this period, the company would purchase 12 thousand tons of feed from local farmers, thus contributing to the region’s economic development.

Kandilli Gayrimenkul Yatirimlari Yönetim Insaat ve Ticaret A.S.

Kandilli Gayrimenkul Yatirimlari Yönetim Insaat ve Ticaret A.S. was founded as a joint venture company with Milta Turizm Isletmeleri A.S. and Rönesans Gayrimenkul Yatirim A.S., with each holding a 50% share. Kandilli Gayrimenkul purchased a 23,685 m2 land in Ümraniye, Istanbul to develop real estate projects.

M-Investment 1 LLC

In 2014, Milta Turizm Isletmeleri A.S. established M-Investment 1 LLC in the United States to invest in real estate projects.

History

Dogan Sirketler Grubu Holding A.S. was founded in 1980.