Sabancı Holding CEO Cenk Alper answered Bloomberg HT’s questions at Davos Peak.
Alper underlined that there is no solution to global problems and that action should be taken now, and talked about Sabancı Holding’s new investments.
Commenting on the summit, Alper said, “The world is in a tangle of problems such as global power crisis, inflationary pressures, food crisis and recession. Designing the future of a fragmented world is Davos’ main agenda. This means that we have not been able to produce permanent solutions to the complex problems of the world in the last 5 years. My biggest expectation is that it will be a period in which we determine and implement our roadmaps, from pronunciation to action. Transformation of supply chains is an opportunity for Turkey. Turkey’s geographical advantage continues. Predictability is the most valuable criterion for competition. Turkey can be the world’s pure power generation center. Turkey can make a difference in the field of power and industry,” he said.
“We invest in sustainability”
Evaluating the holding, Alper underlined the investments they will make in the new period and said:
“We started a new climate technologies company. We started foreign power investments. In the next era, we will put a load on digital technologies with climate and equipment technologies. We want to be one of the companies that take sides in sustainable areas. We are ready to implement new period investments on a world scale. It will be new technologies that will form around sustainability that will shape the world in the next 20-25 years. As Turkey, we will either be in the position of a customer of this or we will be in the dynamics that shape it. As Sabancı Holding, we want to take part as the playmaker who shapes it here and we are making investments.”
“The purpose of share repurchases is to reduce the discount rate”
Alper also made statements about the holding’s repurchase program and dividend distribution in the private interview.
Alper said, “In the next 5 years, we will double the investment we made in the last 5 years. We will do 25 percent of these to grow and protect our existing businesses. We will do 75 percent in the areas I mentioned. We have money for investments and the ability to borrow. We support our share with our share buyback program. We believe that our Sabancı Holding companies will continue to gain in value. Our goal is to lower the discount rate. In the dividend policy, we will make a distribution in the 5-20 percent band this year as well. In some of our companies, inflation accounting is pulling back our results.”
