soyak holding 2010-2011 company profile and operation of a multi-purpose port project ... >>...

SOYAK HOLDING 2010-2011 COMPANY PROFILE

CONTENTS 2 Soyak Milestones 6 Key Financial and Operational Indicators 8 Soyak Holding at a Glance 9 Organizational Structure 16 Corporate Values and Policies 18 Message from the Chairman 20 Message from the CEO 22 Soyak Holding’s Business Lines 24 Real Estate 54 Energy 62 Cement 66 Casting 74 Aviation 76 Corporate Governance 78 Human Resources 80 Quality and Management Systems Policies 82 Risk Management 84 Sustainability and Corporate Social Responsibility 94 Certifications and Awards

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Soyak waS founded preciSely half a century ago to undertake diStinguiShed and unique conStruction projectS to help turkey’S development, Support induStrialization and offer brand new living SpaceS for itS citizenS.

riSing above itS foundationS, Soyak holding companieS operating in real eState, energy, cement and caSting induStrieS, are exemplary turkiSh inStitutionS - the envy of their reSpective induStrieS. the “Soyak” brand name haS become SynonymouS with innovation, quality and durability for the turkiSh people.

with the love of millionS it haS made homeownerS aS well aS itS vaSt experience, Soyak today continueS to expand itS operationS and undertake even larger and more innovative projectS.

2 SOYAK HOLDING 2010-2011 COMPANY PROFILE

The 1960s

1961 >> Soyak construction is founded by yılmaz Soyak, a certified civil engineer.

1962 >> construction of the 16,300 square-meter tuzla infantry School officer lodgings and dormitory including its infrastructure is completed. 1964 >>construction of the tekirdağ uçmakdere wine factories project is completed for the tekel administration of turkey; Soyak’s first factory construction.

1965 >> the steel-construction tekirdağ Sports complex is built for the ministry of youth and Sports.

1966 >>the turnkey taksim İlkyardım (first aid) hospital is completed; Soyak’s first hospital building project.

SOYAK MILESTONES

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1985 >> Soyak göztepe housing complex, the first private mass housing project, is constructed. consisting of 1,536 residential units and equipped with all infrastructure facilities, Soyak göztepe housing complex is the first project Soyak built on its own land and entirely with internal resources.

1986 >> Soyak commences mining operations by undertaking a 30 million cubic-meter stripping effort in tunçbilek and Soma. >> Soyak assumes the istanbul world trade center project in istanbul’s yeşilköy district.

1988 >> Sarıyer villas are constructed.

The 1980s

1980 >> a military factory construction project is undertaken in riyadh, Saudi arabia.

1982 >> Soyak is ranked eighth (8th) in international enr rankings. >> Soyak took in uS$ 485 million from the construction of 2,592 villas and infrastructure facilities in mecca, Saudi arabia.

1983 >> 53 construction sites set up in libya.

1984 >> the first concrete producing facility with an annual production capacity of 300,000 cubic-meters is established in istanbul-Ümraniye.

The 1970s 1970 >> a 283-unit housing project is completed in istanbul’s levent district; Soyak’s first residential construction project. 1971 >> Soyak acquired the haymak foundry facility as its first venture in the industrial sector. 1975 >> Soyak’s overseas operations begins with a 432-unit residential construction project in benghazi, libya. Soyak undertook more than 3,500 constructions for the private and public sectors in libya as part of a series of projects over the next 20 years.

1978 >> trakya döküm foundry facility is established as part of Soyak’s new industrial investments.


SOYAK MILESTONES

1997 >> Soyak assumes the construction and operation of a multi-purpose port project consisting of a 350 square-meter pier, eight-hectare stock area and an annual capacity of 400,000 teus in istanbul- ambarlı; this represents the group’s first port operation project. >> the Soyak group acquires the oluksan corrugated cardboard box factory, a facility with an annual production capacity of 48,000 tons.

1998 >> Soyak completes the construction of luxury residences at the kandilli ayışığı and Soyak göztepe residence housing projects.

1999 >> Soyak holding is established; erkut Soyak, a civil engineer, appointed ceo of the holding. >> Soyak breaks new ground in the private sector with Soyak yenişehir, a project featuring the “lifestyle complex” concept consisting of 3,000 residential units on 320,000 square meters.

The 1990s

1990 >> the efes pilsen brewery is constructed in istanbul.

1992 >> Soyak undertakes a project for three pepsi cola factories in moscow, yekaterinburg and mona as the group’s first overseas factory construction endeavor. >> Soyak assumes a turnkey factory construction project for coca cola in krasnoyarsk and Samara, russia; Soyak also takes part in the renovation project of the company’s factories in volzshky and nagutsky; it was completed in 1998.

1993 >> Soyak wins the tender by the State airports authority of turkey for the construction of the isparta airport and begins its first airport project.

1995 >> Soyak ventures into its first coal-mining project with a coal mine plant construction in kütahya.

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2007 >> Soyak residential development is deemed worthy of the national quality achievement award. >> reputation management System is established within Soyak residential development. >> Soyak residential development wins the international rotary 2,440th region’s first corporate Social responsibility award.

2008 >> production begins at the traçim cement factory. >> traçim ready mix concrete commences operation. >> the second phase of the Soyak mavişehir project is completed and the residential units delivered to the homeowners. >> the Soyak Siesta project in izmir is offered for sale.

2009 >> m. emre Çamlıbel is appointed Soyak holding’s first professional ceo. >> Soyak evreka and Soyak evreka residence projects completed. >> the foundation is laid for Soyak Siesta. >> “Save a drop for the future” the holding’s corporate social responsibility project, is the only report representing turkey admitted and invited to the 62nd annual congress of the european Society for opinion and marketing research (eSomar) in Switzerland.

The 2000s 2000 >> Soyak yenişehir Şelale complex, designed utilizing the lifestyle complex concept, is delivered to the homeowners.

2003 >> trakya döküm foundry’s annual production capacity is doubled with the construction of the 29,600 square-meter second phase supplemental production facility. >> following the steps taken toward expanding its investment portfolio, Soyak adopted the vision of “becoming a global player that produces systems and solutions using environmentally friendly renewable sources of energy” has established its presence in the energy sector.

2004 >> Soyak launches the Soyak olympiakent project, covering a total area of one million square meters in the halkalı district of istanbul, as part of the partnership established with tokİ (the housing development administration of turkey).

2005 >> construction of the traçim cement production factory, turkey’s most modern integrated cement facility, is the holding’s first cement plant.

2006 >> Soyak breaks ground for the Soyak mavişehir project in izmir.

2010>> Soyak launches the Soyak park aparts project consisting of 1,121 residential units in the halkalı district of istanbul. >> Soyak undertakes the bayramhacılı dam and hydroelectric power plant project located on the kızılırmak river and within the provincial boundaries of kayseri and nevşehir. >> the turkish patent institute designates Soyak as a “well known trademark,” which encompasses the institute’s international brand recognition. >> Soyak becomes the “first and only turkish partner” of the boston-based mit center for real estate of the massachusetts institute of technology.

2011>> Soyak celebrates its 50th year in the real estate industry. >> the Soyak mavişehir optimus project in izmir is offered for sale. >> the Soyak bahçe& bahçe (“garden&garden”) project in istanbul is offered for sale. >> the Soyak Soho project in istanbul is offered for sale. >> foundation is laid for the Soyak office building project in the levent district of istanbul. >> the Soyak evostar project in istanbul is offered for sale. >> the Soyak mavişehir optimus gold project in izmir is offered for sale.


ShArEhOLdErS’ EquITY (TL MILLIONS) FIxEd ASSETS (TL MILLIONS)

GrOSS SALES (TL MILLIONS)

2009 333.00

2010 362.65

2008 260.78

2007 269.73

2010 1,811

2009 1,307.28

2008 1,161.91

2007 849.86

2010 597.85

2009 596.12

2008 470.80

2007 514.41

2010 1,200.89

2009 866.75

2008 556.602007

TOTAL ASSETS (TL MILLIONS)

361.66

KEY FINANcIALANd OpErATIONAL INdIcATOrS

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ShArEhOLdErS’ EquITY/TOTAL ASSETS rATIO

cASh rATIO

2010 51%

2009 49%

2008 29%

2007 40%

2010 20%

2009 24%

2008 20%

2007 18%

GrOSS prOFIT FrOM SALES (TL MILLIONS)

ExpOrTS (TL MILLIONS)

2010 86

2009 105.63

2008 79.43

2007 95.07

2010 100.73

2009 46.4

2008 37.5

2007 30.1

raiSing itS ShareholderS’ equity to tl 362.65 million in 2010, Soyak holding iS reinforcing itS rootS in the real eState induStry while Solidifying itS market poSition in itS other buSineSS lineS.


Soyak FamIly established in 1961 to develop high-quality construction projects, Soyak has been operating for half a century, contributing to the future of turkey. getting its start in the real estate sector, Soyak today conducts its activities via 11 operating companies under the Soyak holding umbrella in four core industries: energy, cement, casting and real estate.

Soyak holding stays committed to rendering long-lasting services in all of the industries in which it operates while remaining steadfast to the reliable and stable organization it has established in its domestic and international areas of business. in accordance with its corporate strategy, Soyak aims to be the market leader in all industries in which it operates while contributing to a sustainable development path and a better future through endeavors that respect the environment and social values. all Soyak holding companies display a corporate governance-based management approach that is rooted in customer focus and efficiency. this approach is supported and developed not only by financial goals, but also by a social responsibility approach that continues to benefit all levels of society.

SOYAK hOLdING AT A GLANcE

total assets (2010) Tl 1,811 million

net Sales (2010) Tl 552.71 million

number of employees (2010) 1,500

Shareholding Structure (2009) 100%

Soyak holding conducts its activities via 11 operating companies in four core industries.

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OrGANIZATIONAL STrucTurE

thankS to the flexibility of itS new organization, Soyak holding will SucceSSfully implement arrangementS and applicationS that will improve buSineSS proceSSeS in accordance with future developmentS.

SOYAK hOLdING cOMpANIES the companies that operate under the Soyak holding umbrella are grouped into four core industries based on their areas of business:

Real Estate Soyak residential development Soyak project management Soyak construction Soyak real estate development

Energy Soyak energy production Soyak energy trading

Cement traçim cement production

Casting trakya döküm erku ekpaş

aviationport civil aviation

SOYAK hOLdING OrGANIZATIONAL STrucTurE in the today’s increasingly competitive business environment, companies need to have a flexible organization to be able to follow economic & technological developments and new trends closely and meet customer expectations flawlessly. Soyak holding’s organizational structure was designed in accordance with this approach to adapt to changes in the shortest time.

as part of the restructuring program initiated within Soyak holding during 2008, the organizational structures of leading successful international companies were analyzed. the findings and the resulting know-how were integrated with Soyak’s future goals along with its businesses and Soyak’s new organizational structure was formed as a result. thanks to the flexibility of this new organization, the holding will successfully implement accommodations and applications that will improve business processes in accordance with future developments.

Soyak holding has five directors and three coordinators reporting directly to the ceo.

THE ORGANIzATIONAL CHART OF SOYAK HOLDING • Strategic Planning and Business development director • Corporate Finance Director • Finance and Audit Director - finance-accounting coordinator - budget planning coordinator - information technology coordinator - audit and risk management coordinator • Legal Director - legal coordinator - mining coordinator • Human Resources and quality director• Real Estate Group Financial Affairs and it coordinator • Corporate Communication coordinator • Special Coordinator

1 0 SOYAK HOLDING 2010-2011 COMPANY PROFILE

rEAL ESTATE GrOup

with 50 years of experience under its belt, Soyak is undertaking construction projects as well as project development. embracing a dynamic approach when it comes to adapting to changing conditions in accordance with market developments, Soyak is diversifying its services portfolio with the residential and commercial real estate projects it develops.

in addition to its deep-rooted experience in the real estate industry, Soyak steers its operations by closely following domestic and international developments and trends in the sector. as part of its residential project development efforts, the company is creating luxury living and working spaces appealing to the medium, medium-upper and upper income groups, particularly in istanbul and izmir.

making a name for itself with the factory and social facility projects it has completed in turkey and overseas since 1961, Soyak underwent restructuring to create modern residential communities; approximately 50,000 families homeowners were created with the housing projects it developed during that period.

the Soyak göztepe housing complex, the first among a series of projects Soyak has undertaken in istanbul, became a model for many housing projects with its architectural design as well as its recreational facilities. the company’s

housing projects, offering solutions to the needs of contemporary life via Soyak’s modern and functional architectural approach, continued with the 3,000-unit Soyak yenişehir project and the 3,600-unit Soyak olympiakent project, on an area of one million square meters. these were followed by the Soyak evreka project with 812 residences and then the 126-unit Soyak evreka residence project. Soyak evreka residence offered clients luxury residences, the new trend in today’s urban lifestyle. in addition to its projects in istanbul, Soyak is currently undertaking the 1,568-unit Soyak mavişehir and the 2,250-unit Soyak Siesta projects, both located in izmir, one of the most stunning harbor cities in turkey.

designing projects geared toward meeting the diverse expectations and needs of its customers, Soyak aims to deliver the high quality it promises together with convenient payment terms. Standing out with the value it adds to modern living spaces as well as its high quality standards in its projects, Soyak pioneers many new and innovative practices in the real estate industry. with the launch of home sales over the internet in 2004, Soyak broke new ground in the industry. Soyak was included in the “Super brands of turkey” catalogue by Superbrands in 2005, yet another first in the housing sector. in 2007, Soyak was deemed worthy of the national quality achievement award for the first and the only time in the real estate industry.

Soyak is building the future of turkey.

SOYAK rESIdENTIAL dEVELOpMENT Soyak Soho Soyak evostar Soyak bahçe& bahçe (“garden&garden”) Soyak mavişehir optimus Soyak park aparts Soyak Siesta Soyak evreka residence Soyak evreka Soyak mavişehir Soyak olympiakent Soyak yenişehir Soyak kandilli Soyak altunizade Soyak bağlarbaşı Soyak göztepe residence Soyak göztepe

SOYAK prOjEcT MANAGEMENT SOYAK cONSTrucTION SOYAK rEAL ESTATE dEVELOpMENT


ENErGY GrOup

in accordance with the steps taken in 2003 toward expanding its investment portfolio, Soyak established its presence in the energy sector. adopting the vision of “becoming a global player that produces systems and solutions that use environmentally friendly renewable sources of energy,” Soyak aims for market leadership in the energy sector, as in all other industries in which it operates.

Soyak is organized via 20 distinct project companies to invest primarily in renewable energy sources. with the vision of becoming a major player in the domestic market with an average investment of uS$ 1 billion in the energy industry, Soyak aims to achieve annual revenue of approximately uS$ 200 million. the company has projects with a total capacity of 150 mw under construction.

planning to undertake new investments in hydroelectricity, Soyak is studying and evaluating various projects. as part of this effort, Soyak is also developing plans for five hydroelectric power plants (hepp) with a total installed capacity of 50 mw. in addition, a 100 mw installed capacity thermal power plant for which a license was already acquired is among the holding’s future investment plans. Soyak intends to complete all of its wind power plant investments within 6-7 years.

Soyak is also in the development stages of projects from other renewable energy sources, led by geothermal and solar. closely monitoring the legislation, incentives and technological developments in turkey for the generation of electricity from solar energy sources, Soyak is also in constant contact with suppliers. Soyak holds a license to explore geothermal resources in 23 different fields covering 45,550 hectares in the aegean region and is currently conducting geophysical surveys and drilling efforts in these fields.

turkey gets its energy from Soyak.

SOYAK ENErGY prOducTION SOYAK ENErGY TrAdING

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cEMENT GrOup

traçim cement production commenced operation after the completion of its integrated cement manufacturing facility investment at the end of 2008. with a cement production capacity of two million tons, the company is among the largest cement manufacturers in the marmara region. traçim cement production aims to reach annual cement sales volume of 1.7 million tons and sales revenue of uS$ 100 million.

Soyak is producing turkey’s mortar.

TrAçİM cEMENT prOducTION


cASTING GrOup

in business for approximately 30 years, trakya döküm is ranked among turkey’s largest 500 industrial companies according to the istanbul chamber of industry’s “turkey’s top 500 industrial enterprises” survey. in addition to enhancing a customer portfolio composed of leading companies in their respective sectors, trakya döküm supplies differential parts to ford’s truck factory in eskişehir-İnönü with its ford q1 quality certification that recognizes the company as a supplier to all ford plants worldwide. trakya döküm has a world-class casting and processing facility with a production capacity of 70,000 tons and is one of turkey’s largest casting companies. erku is responsible for trakya döküm’s international sales operations; ekpaş carries out domestic marketing operations of fitting products for trakya döküm.

TrAKYA döKüM ErKu EKpAş

trakya döküm is exhibiting its quality.

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Soyak holding, which stands for dynamism in the sectors in which it operates, is also among the pioneers in the business world of the “sustainable life” approach and the rules of ethics. embracing the principle of sharing the value it creates with society, the company is undertaking signature projects in the social responsibility arena as well.

positioning itself as a corporate citizen aware of its social responsibilities, Soyak holding sees environmental protection practices as an integral component of its core operations. at a time when each country sets its own standards for ensuring a sustainable life on earth, Soyak holding has been among the pioneers of this tendency in turkey. as part of this effort, Soyak became a founding member of the environment-friendly green building association of turkey to establish and support the widespread adoption of these standards.

in addition, Soyak holding received advisory support from principal purpose, an england-based company, to determine the sustainability level of the Soyak mavişehir project in izmir within the scope of the sustainable living standards as established by the building research establishment (bre).

as a result of its evaluation, it was determined that the project complies with the sustainable living standards and principal purpose provided recommendations regarding the actions and implementations for the future. as a result of the r&d efforts undertaken in this respect, Soyak published the real estate industry’s first “Sustainable living report” in 2007 in an attempt to make a contribution to the sector and to set an example.

obtaining leed pre-certification in 2010 as a result of its work on the commercial building project in levent since 2009, Soyak was also awarded turkey’s first existing building leed certification as part of its work on the existing office building in the mecidiyeköy district of istanbul. Soyak holding companies have a corporate governance approach centered on profitability as well as customer focus and efficiency. in accordance with this approach, the company carried out many social responsibility projects in the fields of education and the environment in an attempt to raise sustainable living awareness among the young people.

as part of the carbon emissions inventory efforts launched within Soyak holding at the beginning of 2011, carbon emission amounts are calculated in accordance with the principles laid out in the iSo 14064-1 greenhouse gas inventory quantification Standard. the purpose of this effort is to measure Soyak holding’s greenhouse gas inventory, to focus on activities that reduce its greenhouse gas emissions and to set an example for the group companies in this respect. the company obtained the iSo 14064 validation certification in 2011.

Soyak holding has intensified its efforts to enhance its brand value and customer loyalty with 1,500 employees at 11 group companies. in an attempt to solidify its vision to become an international corporation, Soyak holding adopts the corporate governance practices of the world’s leading conglomerates and constitutes a reference for the other domestic market participants.

a role model in turkey for corporate governance…

a pioneering corporate citizen aware of its responsibilities…

both globally and domestically, companies that can make prompt decisions and remain steadfast to quality end up better adapting to the competitive business environment and being one step ahead of their rivals. operating in the real estate, energy, cement and casting industries in accordance with its long-term strategic objectives, Soyak holding is enjoying the benefits of closely following the contemporary financial developments around the world and in turkey at all times while building its future plans on solid foundations. pursuing an organic growth model, Soyak maintains its uninterrupted growth performance thanks to the healthy policies it implements during the crises.

organized as a holding company in 1999 under the chairmanship of erkut Soyak, Soyak developed processes that allow it to analyze prevailing conditions carefully and make periodic assessments while setting its vision toward the future. thanks to this corporate policy, the company conducts strategic analyses based on the contemporary developments and applies the results to its business processes in the most effective manner.

during this process of rapid change also referred to as globalization, Soyak holding focuses on its core business lines in accordance with its resolution for strategic focus and reorganizes by taking advantage of the opportunities brought about by change. the company’s strategic priorities vary since it operates in multiple sectors. nevertheless, Soyak holding believes in the necessity of acting in accordance with short and medium-term targets to accomplish the common priorities that are part of the corporate culture. in this respect, Soyak continuously develops alternative methods for reducing finance costs, intensifying the search for new markets, re-evaluating its workforce and business processes while achieving cost optimization.


quality and management Systems policy focused on efficiency and value creation-oriented practices in business processes to meet the existing and future expectations of its stakeholders at all times in the areas it offers services.

executing the efficiency-oriented practices carried out in business processes in compliance with the environmental, health and safety laws and regulations. contributing to sustainable development by way of implementing environment-friendly practices in collaboration with its stakeholders in the industries it focuses on.

cOrpOrATE VALuES ANd pOLIcIES

Soyak holding’s…

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communal and Social responsibility policy raising awareness for sustainable quality of life is an integral component of Soyak holding’s operations.

thanks to the social responsibility policy that it has institutionalized in light of its deep-rooted experience of many years, Soyak hereby commits to: • Creating value toward the establishment of social, environmental

and societal environment and conditions to raise awareness for sustainable quality of life via its activities geared to all of its social stakeholders,

• Complying with Labor Laws and related regulations, the SA 8000 standard and all governing legal and regulatory requirements,

• Not employing child or underage labor, • Taking all measures to ensure the health and safety of all

employees, • Granting independent representation rights to employees, avoiding

discrimination in recruitment, compensation, promotion, provision of training opportunities and termination, providing all personnel with working conditions compatible with the global principles of professional life,

• Establishing a system consistent with contemporary management practices that also encompasses subcontractors and suppliers and

• Continuously improving itself in all of its social responsibility areas.


esteemed Shareholders, business partners and employees,

located at a unique geographic spot where asia meets europe, turkey’s significance in its region keeps growing thanks to its unparalleled natural beauty, a culture that brings civilizations together and a spectacular history as well as its ever-strengthening economy, sustainable investments and valuable human resources.

turkey has entered an era of sustained economic growth thanks to the productive policies and long-term plans implemented following the 2001 crisis. Sustaining an annual average growth rate of 6-7%, turkey is moving forward with decisive steps towards its objective of ranking among the world’s 10 largest economies on the 100th anniversary of the establishment of the republic of turkey. with respect to this objective, the business world, which made major contributions to the growth of turkey’s exports and trade volume, now has even larger responsibilities.

as it moves forward in this era of intensifying competition in its core business lines of real estate, energy, cement and casting in accordance with the mission of investing in turkey’s future, Soyak attaches great

importance to the strategic perspective that ensures sustainable development. on the anniversary of our 50th year since our establishment, in addition to providing our traditional values of Soyak quality and assurance to our customers, we are also successfully implementing the business management approach that is attuned to the contemporary requirements and conditions in both the production and services sectors.

we are increasing our contribution to the economy in 2010 along with our 11 companies, more than 1,500 employees and suppliers with a 50% growth forecast in 2011. Soyak’s steady growth will gain a whole new dimension as the energy investments the company made in 2010 commence production in 2011 and five new residential projects, in addition to the ongoing housing projects, are quickly offered for sale in 2011. Set at tl 1 billion for 2011, our revenue target is expected to be raised in future years as our long-term investments pick up.

with the strength of our corporate organization and the support of our human resources with a diverse range of specialization areas, we will continue to focus on efficiency-oriented efforts. in the energy efficiency area that is becoming more prominent by the day, Soyak will continue to develop

MESSAGE FrOM ThE chAIrMAN

Soyak is acting with the view toward investing in turkey’s future in all industries in which it operates.

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its business model that has adopted the conservation standards with new resource transfers, r&d activities and global partnerships in the period ahead.

Soyak undertakes projects in its business lines with the aim of contributing to the formation of quality of life culture fulfilling our responsibility to society and future generations. we will continue to support these commercial projects with corporate social responsibility projects for a “sustainable future.”

as we prepare to move beyond our 50th year in business, the experience and culture of this deep-rooted history remains a major source of motivation and strength. Solidifying the trust and cooperation established with all stakeholders over this period, we contributed to our projects via perspectives based on Soyak values that move us forward.

Soyak is entering an era where it will raise the bar for success even higher. with all of our business partners and employees, we will continue on with our investments decisively at full pace, creating new and lasting values for turkey

ERkuT SoyakSoyak Holding CHairman of tHe Board of direCtorS

we are increaSing our contribution to the economy in 2010 together with our 11 companieS, more than 1,500 employeeS and SupplierS with a 50% growth forecaSt for 2011.


esteemed shareholders;

Soyak entered its 50th establishment anniversary by raising the bar for success even higher in its business lines of real estate, energy, cement and casting.

casting and residential project sales stood out during the past year as the business lines that registered the largest revenue growth rates. our plans for 2011 focus on commencement of production in the energy investments we made in 2010 as well as the completion of our ongoing residential projects. anticipating a 50% increase in our revenue in 2011, we are carrying on with our investments full speed ahead.

we implemented our strategic plans in the 2010 operating year by carefully analyzing the prevailing socioeconomic environment. in the aftermath of the financial crisis that quickly spread to the entire world after the second half of 2008, it became apparent that emerging countries are the true engines of the world economy. the negative consequences of economic structures that rely heavily on financial markets rather than production were once again demonstrated by the problems that the developed western economies experienced throughout the crisis.

with a productivity strategy implemented in 2010, Soyak holding has made a noticeable contribution to the rapidly-growing turkish economy. while undertaking many successful projects in our core business areas in accordance with our long-term, sustainable investment strategy, we also supported the recovery process in the real economy through the services we outsource in our ancillary business lines.

on the national scale, 2010 has been a significant year where the importance of regional investments for economic development has found

a new appreciation among the public. grasping the importance of regional investments before many companies, Soyak holding continued to carry out real estate investments in izmir, in addition to istanbul.

launching the Soyak mavişehir optimus development in the karşıyaka district of izmir in may 2010, in june we proudly offered the Soyak bahçe&bahçe -“garden&garden” - project, featuring 294 duplex townhouses with private yards promising a peaceful, luxury, modern and high-quality living in downtown bahçeşehir.

with 50 years of experience under our belt, by the end of 2011 we will have launched a total of five new projects in two separate locations in istanbul and in izmir. the residence, a project in the zincirlikuyu district of istanbul consisting of 77 specially-designed residential units and a 230-home development in the zeytinalanı district of izmir to be launched in the near future.

Soyak’s sales increased two-fold in the first part of 2011 compared to the same period of 2010. in the housing segment, our target is to reach 3,000 unit sales by the end of 2011.

the steady increase in the investment value of our projects holds major clues for the years ahead. Soyak holding is planning to invest uS$ 1.1 billion in real estate projects during the next three years.

turning our attention to the energy industry, our objective is to create greater synergy by commencing production in our completed investments. Soyak has 20 distinct projects in the energy field to invest primarily in renewable energy sources. making investments for wind, hydroelectric, geothermal and thermal sources of energy, we have

MESSAGE FrOM ThE cEO

with its productivity strategy, Soyak has made a noticeable contribution to the rapidly-growing turkish economy.

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put into operation our first dam and started generating electricity. at the construction stage of a series of projects amounting to 150 mw of installed capacity, Soyak also has five hydroelectric power plant projects with a combined installed capacity of 200 mw; it has already acquired the necessary licenses and work is currently ongoing. we are planning to invest uS$ 1 billion in the energy industry over the next five years, thereby increasing the value-added we create for turkey.

Soyak’s cement factory, which commenced operation at the end of 2008, is successfully carrying on with its manufacturing activities. Soyak holding is planning to increase its sales in this business line by 40% in 2011.

the increase in the capacity utilization rates in the casting industry signals the return to pre-crisis production levels. with an average annual production of 1.3 million tons, turkish casting industry ranks fifth in europe and 14th in the world. in line with the steady growth performance of the turkish economy, we believe that the sector will make major advances in the near future. Soyak holding intends to play a leading role by investing € 10 million in the casting industry over the next five years.

the Soyak brand today is associated with “sustainability.” i would like to thank all of our stakeholders who support the activities of Soyak holding, that strives for widespread adoption of environmental and energy efficiency-oriented practices that contribute to a better future for the world in all regions where Soyak exerts influence. together, we hope to experience the pride and joy of many successful projects that we will undertake in the future.

m. EmRE ÇamlIbElmemBer of tHe Board of direCtorS and Ceo, Soyak Holding

Soyak’S SaleS have doubled in firSt half of 2011 compared to the Same period of 2010. in the houSing Segment, our target iS to reach 3,000 unit SaleS by the end of 2011.


Soyak reSidential development continueS to monitor the global and local developmentS in real eState cloSely and will launch projectS that offer the moSt Suitable and creative SolutionS to meet cuStomer needS. the value of the reSidential projectS that the company will offer for Sale in 2011 amountS to tl 1 billion.

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HOUSING FOR TURKEY


SOYAK hOLdING’S BuSINESS LINES rEAL ESTATE

SOYAK rESIdENTIAL dEVELOpMENT

SOYAK prOjEcT MANAGEMENT

Soyak RESIDENTIal DEVEloPmENT Soyak residential development, the flagship company of Soyak holding in residential projects, is the leader in the real estate industry thanks to its corporate governance approach, innovative vision and on-the-mark investment strategy. with its unique architectural designs, Soyak residential development successfully undertakes functional housing projects that appeal to the middle and upper-middle income groups.

the company has completed the 3,000-unit Soyak yenişehir and the 3,600-unit Soyak olympiakent projects in istanbul. launching sales for Soyak mavişehir, a housing complex in izmir consisting of 1,568 residential units, in 2006, Soyak residential development delivered the first phase of the project in 2007 and the second phase in 2008 to the homeowners. in 2007, the company added to its portfolio of contemporary housing projects with the 812-unit Soyak evreka and the 126-unit Soyak evreka residence, both located in the kartal district of istanbul. Soyak residential development delivered the first and second phase units in the Soyak Siesta project, a 2,250-unit development in the karşıyaka district of izmir that the company offered for sale in 2008, in march 2011; sales for the third and fourth phase residential units began in 2010.

the permit process initiated in 2009 for the project consisting of 218 houses with yards sitting on a 40,000 square-meter construction area in the zeytinalanı district of izmir is expected to be completed in 2011.

ranked among the leading companies in the real estate sector thanks to contemporary and functional housing projects, Soyak residential development continues to develop new projects that

add value to living spaces and meet customer expectations with high quality. adding to its portfolio of investments in izmir with a new project in the mavişehir district, Soyak residential development launched sales for the 1,200-unit Soyak mavişehir optimus in 2011. the company also commenced sales for the Soyak bahçe&bahçe (“garden&garden”) project consisting of 294 townhomes with private yards in the bahçeşehir district of istanbul in 2011. Soyak Soho, a luxury condominium project in zincirlikuyu, at the heart of downtown istanbul, stands out among the projects that were launched by the company in 2011. Soyak residential development also offered for sale the evostar project, a 1,000-unit development in halkalı, one of the fastest growing districts of istanbul. offering superior-quality residential units in a desirable social setting, the project is aimed for completion in 2013.

yet another new project being developed by Soyak residential development is a 5,500-unit housing complex located in the northern bahçeşehir district of istanbul. progressing very rapidly, this project is expected to be completed in 2012.

Soyak residential development continues to monitor the global and local developments in real estate closely and will launch projects that offer the most suitable and creative solutions to meet customer needs. the value of the residential projects that the company will offer for sale in 2011 amounts to tl 1 billion. in accordance with the energy performance of buildings directive that went into effect in 2009, the company is raising the bar for success even higher with regard to environmentally friendly projects.

in addition to the residential projects, the real estate group intends to create

Soyak residential development is the leader in the real estate industry thanks to its vision and strategy. Total assets (2010) tl 649.03 million

Gross Sales Revenue (2010) tl 67.33 million

Number of Residential units Sold (2010)418

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office spaces that prioritize sustainability and employee satisfaction and that stand out with unique architectural designs in 2011. concurrent with this objective, the company is closely following all developments in its potential business areas primarily in turkey, but also around the world, regarding office space development. in this regard, efforts toward the design and project drafting of high standard functional office spaces as well as completing the necessary feasibility studies and creating the funding sources are being carried out by the real estate group. furthermore, the real estate group is also responsible for undertaking the coordination efforts to lease the office spaces, to form the property and company managements and to ensure continued high service quality. total value of Soyak’s commercial real estate investments planned through 2013 is expected be approximately uS$ 500 million.

in accordance with the strategic priorities of the real estate group, Soyak residential development aims to deploy its residential real estate know-how and expertise in office projects while moving forward with its investments in istanbul in 2011.

SOYAK prOjEcT MANAGEMENT Soyak project management is a project management company that was founded in 2011 to carry out the delivery of real estate to customers as well as performing after-delivery services. Soyak project management is engaged in project drafting for the Soyak real estate group’s investments. the company’s activities include acquiring the necessary construction and occupancy permits for the drafted projects and contracting out tasks to the contractors. Soyak project management also performs the project management tasks during the construction phases of the projects.

Soyak project management’S activitieS include project drafting for Soyak group’S real eState inveStmentS and acquiring the neceSSary conStruction and occupancy permitS for the drafted projectS.

HOUSING FOR TURKEY



Soyak Holding’S BuSineSS lineS real eState

Total land area 3,525 m2

Total Construction area 25,885 m2

Total Number of Residential units 77

Project Start Date june 2011

Delivery Date december 2013

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Soyak SoHo, a luxury Condominium projeCt in ZinCirlikuyu, at tHe Heart of downtown iStanBul, StandS out among tHe projeCtS tHat were launCHed By tHe Company in 2011.

HOUSING FOR TURKEY




Total Construction area83,250 m2

Total Number of Residential units 1,000

Recreational Facilities outdoor and indoor car parks, special-design landscaped gardens, swimming pool, basketball court, tennis court


Delivery Date September 2013


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Soyak reSidential development iS paving tHe way for ComfortaBle luxury living witH tHe 1,000-unit Soyak evoStar projeCt in tHe Halkali diStriCt of iStanBul.

HOUSING FOR TURKEY






Recreational Facilities outdoor swimming pool, basketball court and café, fitness center, entertainment lounge, spa and massage room, sauna in the clubhouse

Number of Phases 1


Delivery Date december 2013 .


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Soyak launCHed SaleS for Soyak BaHçe&BaHçe (“garden&garden”), a reSidential development ConSiSting of 294 townHomeS witH private yardS in tHe BaHçeşeHir diStriCt of iStanBul, in 2011.

HOUSING FOR TURKEY



Total Construction area88,000 m2


Recreational Facilities Swimming pools, half basketball court, tennis court and play park for children

Number of Phases 1

Project Start Date may 2011

Delivery Date Soyak Mavişehir Optimus First december 2013

Soyak Mavişehir Optimus Gold march 2014



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adding to itS portfolio of inveStmentS in iZmir witH a new projeCt in tHe mavişeHir diStriCt, Soyak reSidential development launCHed SaleS and ConStruCtion of tHe 1,200-unit Soyak mavişeHir optimuS in 2011.

HOUSING FOR TURKEY


Total land area52,160 m2



Recreational Facilities Swimming pools, tennis court, basketball court, artificial lake, play park for children and indoor children’s playground, fitness center, cafeteria within the clubhouse

Project Start Date october 2010

Delivery Date april 2013



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featuring green areaS witH water elementS, tHe Soyak park apartS projeCt will inClude SpeCial-deSign landSCaped gardenS, artifiCial lake, Swimming pool and BaSketBall and tenniS CourtS.

HOUSING FOR TURKEY





Recreational Facilities Swimming pools, tennis courts and basketball courts

Number of Phases 6


Completion Date november 2012 (delivery date for fourth phase)



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tHe firSt and SeCond pHaSe of tHe reSidential unitS in tHe Soyak SieSta projeCt, a development in tHe karşiyaka diStriCt of iZmir, were delivered to HomeownerS in marCH 2011 wHile tHe SaleS for tHe tHird and fourtH pHaSeS of tHiS projeCt Began in 2010.

HOUSING FOR TURKEY





Recreational Facilities Swimming pool, tennis court, basketball court, indoor exercise area, roof clubhouse

Number of Phases 1


Delivery Date august 2009



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Soyak evreka reSidenCe, a HouSing projeCt ConSiSting of 126 reSidential unitS, offerS itS ClientS luxury reSidenCeS, tHe new trend in today’S urBan lifeStyle.

HOUSING FOR TURKEY





Recreational Facilities Swimming pool, tennis court, basketball court, indoor athletic field, indoor-outdoor children’s playground, clubhouse

Number of Phases 1

Project Start Date april 2007

Delivery Date april 2009



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ConSiSting of a total of 812 reSidential unitS in tHe kartal diStriCt of iStanBul, Soyak evreka offerS Small-SiZe apartmentS for tHe liking of tHe CuStomerS.

HOUSING FOR TURKEY





Recreational Facilities Swimming pools, tennis courts, basketball courts, jogging and biking trail, children’s playgrounds

Number of Phases 2

Project Start Datefebruary 2006

Delivery Date october 2008 .



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tHe 1,568 unit Soyak mavişeHir development in iZmir waS offered for Sale in 2006. Soyak reSidential development delivered tHe firSt pHaSe of tHe projeCt in 2007 and tHe SeCond Stage in 2008 to tHe HomeownerS.

HOUSING FOR TURKEY


Total land area 1,000,000 m2


Total Number of Residential units3,600

Recreational Facilities Swimming pools, tennis courts, basketball courts, jogging and biking trail, volleyball courts, rock climbing walls, ice skating rink, skateboarding area, shopping centers

Number of Phases 3

Project Start Date april 2004

Delivery Date december 2006 .



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Built on a total area of one million Square meterS in tHe Halkali diStriCt of iStanBul, Soyak olimpiakent offerS a lifeStyle in a natural Setting witH 450,000 Square-meterS of green area.

HOUSING FOR TURKEY





Recreational Facilities Swimming pools, tennis courts, basketball courts, volleyball courts, shopping center, fitness centers

Number of Phases 6

Project Start Date august 1999

Delivery Date december 2004



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ConSiSting of 3,000 reSidential unitS and Sitting on a total land area of 320,000 Square meterS, tHe Soyak yenişeHir lifeStyle Complex waS deSigned in aCCordanCe witH all expeCtationS of itS reSidentS.

HOUSING FOR TURKEY


Soyak kandilli ayışığı valley homes

100 residential units

Soyak altunizade gökyüzü homes


Soyak bağlarbaşı homes


Soyak göztepe residence


Soyak göztepe housing complex

1,536 residential units

Soyak yenidostlar villas


Soyak izmir mimoza and yasemin homes


Soyak residential development is specialized in housing projects as Soyak holding’s reference company.



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awaRDS aND CERTIFICaTIoNS Strictly adhering to quality standards in its corporate organization as well as its residential projects, Soyak residential development documents its commitment to quality with recognized certifications. the company holds the iSo 9001 quality management System, ohSaS 18001 occupational health and Safety System and iSo 14001 environmental management System certifications; it also utilizes a management Systems team and a quality management Systems task force under its corporate umbrella.

in addition to these quality systems incorporated within the company, Soyak residential development supported 29 of its suppliers in their efforts to implement the iSo 9001:2000 quality management System in 2005 and 2006 in an attempt to contribute to the development of the sector and to pioneer the expansion of quality awareness. the company also backed six of its suppliers in their bids to participate in the national quality movement in 2006.

Soyak residential development was deemed worthy of the national quality achievement award in 2007. as the first and the only company in the real estate sector to win this prestigious award, it further solidified Soyak residential development’s leadership position in the industry. Soyak residential development was listed 195th among turkey’s largest 500 companies in 2007 thanks to its innovation philosophy, creative practices and young and specialized staff. it ranked second on the list of companies that registered the highest revenue growth.

Soyak reSidential development waS deemed wortHy of tHe national quality aCHievement award in 2007. aS tHe firSt and tHe only Company in tHe real eState SeCtor to win tHiS preStigiouS award, it furtHer Solidified Soyak reSidential development’S leaderSHip poSition in tHe induStry.

HOUSING FOR TURKEY


Soyak construction, the founding company of Soyak holding, undertook many successful projects to date in turkey and overseas. established in 1961, the company displayed a steady development and growth performance in the domestic construction industry. as of 1975, Soyak construction had become a leading construction company with a major international business.

military facility projects in tuzla, adapazarı and Samandıra with a total construction area of 38,800 square-meters and the construction of the 500-bed taksim İlkyardım (first aid) hospital, undertaken by the company soon after its establishment, positioned Soyak construction as a powerhouse in the industry. Soyak construction made significant contributions to turkey’s development by building tens of thousands of residential units and social facilities as well as factories and airports throughout its 50-year history. the projects undertaken by the company in turkey cover a total area of 1,903,000 square meters as of year-end 2010.

Soyak construction’s overseas operations span libya, Saudi arabia, algeria, russia, kazakhstan and macedonia. total value of Soyak holding’s international operations, which began with the construction project

of 432 residential units in benghazi, libya, reached approximately uS$ 885 million by year-end 2010. engaged in construction activities encompassing a broad range of projects including apartments, villas, hospitals and school buildings, total usage area of the buildings constructed by the company overseas reached 1,794,000 square meters as of year-end 2010.

during the course of its operations in the mining industry from 1987 until 2000, the company undertook 133,685,000 cubic meters of pickling and open-pit coal mining in the Soma, tunçbilek and Çan coalfields of the turkish coal enterprises company.

Standing out with its emphasis on quality management policies as well, Soyak construction obtained the iSo 9001:2000 quality management System certification in january 2003. boosting its international recognition by leaps and bounds within the last 10 years, the company was ranked 161st on the list of “the top 225 international contractors” as well as 183rd on “the top 225 global contractors” list of the engineering news-record (enr) that had only five turkish companies, in 2006. Soyak construction was deemed worthy of the national achievement award in overseas contracting Services in 2007 for being among 22 companies that raised the turkish construction industry to third place globally.

Soyak construction obtained the iSo 9001:2000 quality management System certification in january 2003.

Total assets (2010) tl 61.83 million

SOYAK cONSTrucTION


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HOUSING FOR TURKEY


Soyak real estate development was founded in 2007 in accordance with Soyak holding’s vision of innovation and leadership for the administration of its land and office development activities. the main areas of activity of the company consist of the creation of new land investment areas as well as office space development and management.

as part of its goal to develop new areas for land investment, Soyak real estate development is conducting efforts to evaluate and seize upon potential residential and commercial investment areas in turkey as well as overseas. these efforts include studying new investment areas, finding suitable plots, purchasing land, conducting regulatory and planning studies, establishing legal infrastructure while carrying out feasibility studies and putting Soyak assets to use.

with regard to office space development, the company closely monitors the dynamics of all potential sectors, not only in turkey but globally as well. in an effort to create centers of attraction for offices, Soyak real estate development strives to create architecturally unique

office spaces where sustainability and employee satisfaction come first. in this regard, Soyak real estate development is responsible for management projections, leasing, creating and coordinating the asset, property and management administration of functional office spaces featuring high standards, developing qualities that will ensure the continuity of high service quality rendered at the office spaces and coordinating the feasibility and credit activities needed for the investments. total value of Soyak’s commercial real estate investments planned through 2013 is expected be approximately uS$ 500 million.

construction of Soyak kristalkule (Soyak tower), one of the world’s most distinctive office projects, began in 2010. the project, which will be a class a+ office complex in levent, considered the downtown of istanbul, when completed in 2013, earned leed Silver pre-certification, the united States’ green building standard. Soyak kristalkule will set the standard for turkey’s new office buildings with its location, architecture, technology infrastructure and the services to be rendered by its professional management.

Soyak real estate development’s main areas of activity consist of the creation of new land investment areas as well as office space development and management.

SOYAK rEAL ESTATE dEVELOpMENT


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conStruction of Soyak kriStalkule (Soyak tower), one of the world’S moSt diStinctive office projectS, began in 2010. the project, which will be a claSS a+ office complex in levent, conSidered the downtown of iStanbul, when completed in 2013, earned leed Silver pre-certification, the united StateS’ green building Standard.

HOUSING FOR TURKEY


organized to develop, undertake and manage projectS for energy production from renewable and domeStic SourceS, Soyak energy production’S human reSource conSiStS of Senior profeSSionalS who played major roleS in making the energy induStry what it iS today aS well aS young engineerS who are graduateS of turkey’S beSt univerSitieS.

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ENERGY FOR TURKEY


SOYAK hOLdING’S BuSINESS LINES ENErGY

SOYAK ENErGY prOducTION

entering the energy industry in 2003 with the vision to “become a global player that produces systems and solutions that use environmentally friendly renewable sources of energy,” Soyak energy production rapidly expanded its investment portfolio significantly. in light of Soyak holding’s vision, focused on becoming the market leader in every industry in which it operates, the company aims to be a leading player in the energy industry.

Soyak energy production is organized via 20 distinct project companies to invest primarily in renewable energy sources. having developed projects amounting to uS$ 1 billion in energy investments, the company aims to achieve annual sales revenue of uS$ 200 million.

bayramhacılı dam and hydroelectric power plant, Soyak energy production’s first dam project with an installed capacity of 48.5 mw, began generating electricity as of january 2011. the company also has projects under construction amounting to 105 mw of installed capacity. in addition, two hydroelectric power plants with a combined installed capacity of 35 mw for which Soyak energy production has already acquired licenses are in the construction stage. planning to make new investments in hydroelectricity, Soyak is also analyzing and evaluating various projects. furthermore, a 135 mw installed-capacity thermal power plant investment, for which a license has already been obtained, is also among Soyak energy production’s future plans.

the company also develops renewable energy projects such as geothermal, solar and wind that are gaining prominence and traction globally with each passing day. Soyak energy production holds a license to explore geothermal resources in 23 different fields covering 45,550 hectares in the aegean region and is currently conducting geophysical surveys and drilling efforts in these fields to exploit the existing potential. in the solar energy field, Soyak is closely

monitoring the legislation and technological developments regarding electricity generation from solar energy sources while staying in constant contact with suppliers.

organized to develop, undertake and manage projects for energy production from renewable and domestic sources, Soyak energy production’s human resource consists of senior professionals who played major roles in making the energy industry what it is today as well as young engineers who are graduates of turkey’s best universities. thanks to the employees’ conviction and commitment to the company’s mission and vision, Soyak energy production rose to the ranks of the sector’s leading companies in a short period of time and displayed the determination to sustain this position for years to come.

operating to meet turkey’s growing electricity demand and to supply uninterrupted, high-quality and clean energy to consumers, Soyak energy production has five hydroelectric power plant (hepp) and one thermal power plant licenses and a wholesale power sales license as of 2011. Soyak energy production, which has many projects at the post-application stage, will reach 500 mw of installed capacity and two billion kwh of electricity generation per year in short order once its licensed projects in various regions of turkey commence operation.

Renewable Energy when putting together its investment and future plans, Soyak energy production acts in deference to rapidly-growing global energy demand, the risks that fossil fuel-powered energy production pose for natural life and the sustainability principle that is becoming ever more important for human life. with 20 project companies established for the efficient use of “domestic” and “renewable” resources, Soyak energy production is closely following global technological developments and changes in the legislative and regulatory framework regarding

Soyak energy production develops renewable energy projects such as geothermal, solar and wind.

Total assets (2010) tl 409 million

Gross Sales Revenue (2011) tl 26 million

Total Capacity (2011)48.5 mw

Total Electricity Generation (2011) 166 million kwh

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Soyak energy produCtion iS organiZed via 20 diStinCt projeCt CompanieS to inveSt primarily in renewaBle energy SourCeS. Having developed projeCtS amounting to uS$ 1 Billion in energy inveStmentS, tHe Company aimS to aCHieve annual SaleS revenue of uS$ 200 million.

renewable energy sources such as solar, waste and biomass while conducting feasibility and field studies to evaluate turkey’s hydroelectric and wind energy potential.

Projects bayramhacılı dam, Soyak energy production’s first hydroelectric power plant with an installed capacity of 48.5 mw, began generating electricity as of january 2011. the güllübağ dam and hydroelectric power plant project, 70% complete, is expected to commence service by year-end 2011 with an installed capacity of 99 mw. these two projects are expected to generate 450 million kwh of electricity per year. the sediment transport project that will be implemented at the güllübağ dam in cooperation with istanbul technical university will break new ground in turkey in this field. in addition to these two dam-construction projects, the hasanlar hepp project, which was 65% completed as of may 2011, will commence operation in the last quarter of 2011. Soyak energy production’s total generation capacity will reach 200 mw with the two hepp investment projects that will be launched in 2012.

developed for the purpose of utilizing domestic resources at maximum efficiency, the 135 mw installed-capacity kangal etyemez thermal power plant was designed with the state-of-the-art environment-friendly technology and reached the project and tender stage. expected to generate 855 million kwh of electricity, this power plant’s construction is planned for commencement in the first quarter of 2012.

in early 2009, the company acquired field exploration permits for 23 fields covering a total area of 45,500 hectares in the gediz and menderes rift valleys; both

have an extremely high geothermal energy potential and are located in manisa, izmir and aydın provinces. prioritization studies for these fields were completed by an advisor formerly employed by the geothermal technologies program of the united States and a specialized working group within the general directorate of mining affairs / general directorate of mineral research and exploration of turkey; exploration and drilling work for the project commenced as of may 2011.

Soyak energy production registered 41 projects with a total installed capacity of 4,200 mw as part of wind-based power plant project applications window that was opened for a single day on november 1, 2007 by the energy market regulatory authority (epdk). measurement, reporting and micrositting studies that will form the basis for the Soyak energy production’s existing and future projects are being successfully conducted by internationally accredited firms. 22 of these projects with a combined installed capacity

of 1,469 mw are currently in the tender stage at teİaŞ (turkish electricity transmission company).

Soyak energy production’s related departments are closely following the privatization processes of production facilities in the energy industry by way of field visits and tender specifications analyses.

devising its investment strategy with environmental and responsibility awareness, Soyak energy production is undertaking efforts accompanied by international advisors to obtain carbon credits by documenting the work at its facilities that generate electricity from renewable sources with minimal carbon emissions. Standing out in its industry with its environmentally sensitive approach, high-quality production principles and innovative perspective, the company will continue to contribute to the energy industry and the turkish economy in the period ahead with the jobs it has created and it will continue create as well as its meticulous attempts to make the most efficient use of national resources.

ENERGY FOR TURKEY


düZcEhasanlar hepp 4.67 mw

MANİSA6 fields with a total area of 20,141 hectares

çATALcA5 projects/477 mw

MANİSA2 projects/90 mw

şİLE2 projects/107 mw

AYdIN11 fields with a total area of 15,632 hectares

KIrIKKALEköprükale hepp 13.20 mw

NEVşEhİrbayramhacılı dam and hepp 48.5 mw

KIrKLArELİ13 projects/824 mw

IZMIr4 fields with a total area of 9,776 hectares

Soyak Holding’S BuSineSS lineS energy

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Standing out in itS induStry witH an environmentally SenSitive approaCH, HigH-quality produCtion prinCipleS and innovative perSpeCtive, Soyak will Continue to ContriBute to tHe energy induStry and tHe turkiSH eConomy in tHe period aHead.

ErZuruMgüllübağ dam and hepp 96 mw ardıçlı hepp 11.87 mw

SİVASkangal etyemez thermalpower plant 100 mw

hEpp (hYdrOELEcTrIc pOWEr pLANT) prOjEcTS

Wpp (WINd pOWEr pLANT) prOjEcTS

GEOThErMAL ENErGY prOjEcTS

ThErMAL pOWEr pLANT prOjEcTS

ENERGY FOR TURKEY


SOYAK ENErGY TrAdING

as part of its activities in the energy industry, Soyak holding added many projects to its portfolio to generate electricity from hydro, wind, domestic coal, geothermal, solar and other renewable sources of energy. in addition to Soyak energy production, Soyak holding established Soyak energy trading in 2003 to have a strong presence in the national and international wholesale electricity markets.

acquiring its wholesale power sales license in 2004, the company began offering services and developing its technical infrastructure in 2006 following major developments in the electricity market such as the implementation of wholesale sales market and reinforcement of market mechanisms.

Soyak energy trading’s technical capability is developed compatibly with the structure of the turkish electricity market and has the capacity to incorporate all commercial processes in the electricity market including electronic trading, pricing, portfolio management and risk management. Setting out to become the leader in the national electricity market, Soyak energy trading boasts a staff consisting of experienced managers and executives actively involved in the development of the turkish power industry in both the private and public sectors as well as young employees from turkey’s leading universities.

Steering its operations by examining the activities of leading international energy trading firms, Soyak energy trading attaches great importance to information technologies in accordance with its goals and strategies. in this respect, the company is carrying on full speed ahead with the development of the technological infrastructure needed for decision support mechanisms following the

design of the trading processes that will govern the company’s operations.

Soyak energy trading’s goal is to serve Soyak holding companies as well as other generation companies in the sector along with eligible consumers. Setting out to become one of the sector’s major players in portfolio management, the company began to execute its first transactions in the turkish electricity market in march 2010. Shaping its vision with the anticipation that the turkish power grid will be interconnected with other international grids, Soyak energy trading is determined to be a regional actor in the long term.

positioning itself to advance development of the turkish electricity market with its expertise and specialization, Soyak energy trading aims to have a broad trading portfolio and to contribute to the efficient use of turkey’s energy resources. in addition, Soyak energy trading will also be responsible for selling the carbon credits that Soyak energy production obtains in return for generating electricity from renewable sources.

the company will plan the supply and demand levels of its portfolio by offering optimum production programs, in terms of both physical output and financial returns, to the generation companies in its portfolio. due to the nature of electricity, generation and demand need to be balanced at every point in time. therefore, Soyak energy trading’s goal is to make the supply and demand forecasts of its portfolio as accurately as possible and to minimize the imbalances. in accordance with these principles, the company plans to increase its operational efficiency, prove itself in the turkish market and then focus on exploiting foreign trade opportunities with neighboring countries.

Soyak energy trading’s objective is to contribute to efficient utilization of turkey’s energy resources.


Total Electricity Sales (2010) 264 million kwh/year

Soyak Holding’S BuSineSS lineS energy

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Steering itS operationS By examining tHe aCtivitieS of leading international energy trading firmS, Soyak energy trading attaCHeS great importanCe to information teCHnologieS in aCCordanCe witH itS goalS and StrategieS.

ENERGY FOR TURKEY


traÇİm cement production aimS to be the induStry leader for Service and quality with an annual cement production capacity of two million tonS and 1.85 million tonS of clinker at itS 300,000 Square-meter factory. located in kirklareli-vize, traÇİm cement production engageS in manufacturing at world StandardS baSed on itS advanced technology, environmental principleS and innovative approach.

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CEMENT FOR TURKEY


traçim cement production aims to raise its cement sales volume by 40% to 1.7 million tons in 2011.

SOYAK hOLdING’S BuSINESS LINES cEMENT

TrAçİM cEMENT prOducTION

founded as in 1998, traçim cement production acquired all of the required permits for its manufacturing facilities in 2005, began the construction in 2006 and commenced operation in 2008. the company planned part of its production for the domestic market and the rest for exporting.

traçim cement production aims to be the industry leader for service and quality with an annual cement production capacity of two million tons and 1.85 million tons of clinker at its 300,000 square-meter factory. located in kırklareli-vize, traçim cement production engages in manufacturing at world standards based on its advanced technology, environmental principles and innovative approach. the company completed the necessary measurements and acquired the emission permit on july 16, 2010 and applied to the ministry of environment and forestry to be able to monitor its emissions online.

beginning its operations in 2008, traçim cement production compensated for the contraction in the domestic market in 2009 by focusing on exports.

the company was a major source of value-added creation for the turkish economy with a total sales volume of 1.45 million tons and sales revenue of tl 112 million in 2010.

traçim cement production aims to raise its cement sales volume by 40% to 1.7 million tons and its gross sales revenue by 45% to tl 145 million in 2011.

the company’s goals for 2011 include increasing its domestic market share, diversifying its regional client portfolio in cement sales, increasing exports to the balkans and ensuring its sustainability, making traçim a well-known and permanent brand name in the international markets and lowering energy costs.



Total Sales Volume (2010) 1.45 million tons

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tHe Company waS a major SourCe of value-added Creation for tHe turkiSH eConomy witH a total SaleS volume of 1.45 million tonS and SaleS revenue of tl 112 million in 2010.

CEMENT FOR TURKEY


Supporting development of turkiSh induStry Since 1982, trakya dökÜm manufactureS pig iron, malleable caSt iron partS and SpheroidS from five caSting lineS in itS factory aS well aS raw and proceSSed caSting pieceS made from caSt iron materialS and pipe fittingS uSed in automotive, machinery, electricity, white goodS and hydraulicS induStrieS.

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CASTING FOR TURKEY


TrAKYA döKüM playing a key role in the development of the turkish manufacturing industry with its 30 years of experience in the casting sector, trakya döküm has been ranked among turkey’s largest 500 industrial companies based on istanbul chamber of industry’s “turkey’s top 500 industrial enterprises” survey for many years thanks to its customer portfolio composed of turkey’s leading industrial firms. continuing its steady growth in 2010, trakya döküm broadened its client portfolio while reaching 52,000 tons per year sales volume and uS$ 100 million net sales revenue. the company is targeting sales volume of 65,000 tons per year and net sales revenue of uS$ 125 million in 2011.

with an annual casting and processing capacity of 70,000 tons, trakya döküm has one of the few foundries in turkey that engage in manufacturing at world standards. Supporting the development of the turkish industry since 1982, trakya döküm manufactures pig iron, malleable cast iron parts and spheroids from five casting lines in its factory as well as raw and processed casting pieces made from cast iron materials and pipe fittings used in automotive, machinery, electricity, white goods and hydraulics industries.

Standing out with its production quality matching world standards, factory equipped with state-of-the-art technology and specialized staff, the company exports its products to

trakya döküm exports its products to numerous countries, primarily to europe and the united States, in addition to its sales to the domestic market. Total assets (2010) tl 125 million


Total Sales Volume (2010) 51,700 tons

SOYAK hOLdING’S BuSINESS LINES cASTING

many countries, primarily to europe and the united States, in addition to its domestic market sales.

trakya döküm’s factory located in kırklareli’s lüleburgaz borough, featuring fully automated and synchronized manufacturing infrastructure, is well on its way to becoming turkey’s largest casting facility. making major productivity improvements by investing in technology-based applications, the company reduced order delivery times significantly. utilizing its customer-oriented management approach, the company is meticulous in its production and delivery processes in accordance with its commitments to its customers.

trakya döküm is targeting a 100% increase in processed parts ratio following completion of its new 5,000 square-meter machining shop investment in 2010. the new shop is expected to commence operations in the last quarter of 2011.

in line with Soyak holding’s focus on quality management systems, trakya döküm is among the industry’s leading companies that implement and document the iSo-tS 16949 quality management System, iSo 9001 quality management System, ohSaS 18001 occupational health and Safety System and en iSo 14001 environmental management System in turkey. the company also holds dnv, Sii-005, q-1 and tSe product certifications.

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witH an annual CaSting and proCeSSing CapaCity of 70,000 tonS, trakya döküm HaS one of tHe few foundrieS in turkey tHat engageS in manufaCturing at world StandardS.

CASTING FOR TURKEY


EKpAş established in 1971 to market fitting products domestically for trakya döküm, a Soyak holding company, through a broad-based distribution network, ekpaş continued to be the market leader in its industry in 2010.

ekpaş, marketing 450 pipe fitting parts used in liquid and gas installation systems such as water and natural gas through a turkey-wide distribution network consisting of more than 300 dealers, maintained its 60% market share in its sector in 2010. in an effort to further reinforce its dominant market position, the company administers ongoing training programs for fitters, ekpaş’ target customers, while carrying on with activities geared toward developing teamwork among the employees during the year.

established in 1971, ekpaş continued to be the market leader in its industry in 2010.




as a result of its successful operations in 2010, ekpaş achieved sales volume of 4,000 tons and revenue of tl 43.6 million as of year-end. raising its projections for the future, ekpaş is aiming to reach tl 65.2 million sales revenue for 5,400 tons of fittings sales in 2011.

Soyak Holding’S BuSineSS lineS CaSting

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aS a reSult of itS SuCCeSSful operationS in 2010, ekpaş aCHieved SaleS of 4,000 tonS and revenue of tl 43.6 million aS of year-end.

CASTING FOR TURKEY


ErKu erku, one of the leading companies within Soyak holding that was established in 1961, engages in sales and marketing of industrial products that Soyak holding companies manufacture in overseas markets.

erku is responsible for overseas marketing and exports of pig iron, spheroids, malleable cast iron parts and pipe fitting joints produced by trakya döküm, a Soyak holding company. the company’s export market consists of companies operating in the automotive, home appliances and hvac industries primarily in germany, united kingdom and france, but also throughout europe, South america, middle east and north africa.

erku earned uS$ 31 million in export revenue for 16,034 tons of export volume in 2010.


Gross Sales Revenue (2010) tl 52 million


in 2008 and 2010, erku was honored with an award at the istanbul mineral and metals exporters’ association export Stars awards(İmmİb) in the category of iron and Steel goods exporters. erku has consistently been ranked in the top 500 companies on the turkish exporters assembly list. erku’s export products are manufactured in accordance with internationally accepted manufacturing technologies and by a specialized workforce that has adopted the iSo-9001:2000 quality control and management standards. all manufacturing processes at erku are monitored by audits conducted in specifically equipped laboratories and designed and implemented with utmost emphasis on environmental and employee health in accordance with the iSo-14001 and ohSaS 18001 standards.

erku achieved uS$ 31 million in export revenue for 16,034 tons of export volume in 2010. the company is targeting a total sales volume of 19,100 tons for 2011 comprised of 1,800 tons of fittings and 17,300 tons of special-order parts, for a gross sales volume of tl 54.4 million.

Soyak Holding’S BuSineSS lineS CaSting

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all manufaCturing proCeSSeS of erku are monitored By auditS ConduCted in equipped laBoratorieS and tHey are deSigned and implemented witH utmoSt empHaSiS on environmental and employee HealtH in aCCordanCe witH tHe iSo-14001 and oHSaS 18001 StandardS.

CASTING FOR TURKEY


port civil aviation was founded in 2007 to offer safe, comfortable and fast air taxi service. the company serves customers with a citation vii aircraft based at the Sabiha gökçen airport; its experienced flight staff has been trained to provide the highest level of service.

the eight-seat citation vii, part of the port civil aviation fleet, has a cruising range that reaches even the most distant points in europe and ensures a comfortable flying experience without being impacted by meteorological extremities thanks to its high-altitude flying permit.

port civil aviation operates with a special emphasis on comfortable travel, luxury and safety.


Total Flight Time (2010) 133 hours

SOYAK hOLdING’S BuSINESS LINES AVIATION

in today’s world where time is of the essence, port civil aviation operates with a special emphasis on comfortable travel, luxury and safety. closely following international standards to provide vip service based on experience, the company continues to expand its fleet.

pOrT cIVIL AVIATION

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tHe eigHt-Seat Citation vii, part of tHe port Civil aviation fleet, HaS a CruiSing range tHat reaCHeS even tHe moSt diStant pointS in europe and enSureS a ComfortaBle fligHt experienCe witHout Being impaCted By meteorologiCal extremitieS tHankS to itS HigH-altitude flying permit.


cOrpOrATE GOVErNANcE

in accordance with a tranSparent governance approach, all financial StatementS of Soyak holding companieS are audited independently on an annual baSiS.

OpENNESS ANd TrANSpArENcY for Soyak holding, which always sets an example for its competitors with a solid reputation and credibility in the eyes of its social stakeholders, principles of openness and transparency are integral elements of its corporate governance policy.

the managerial coordination efforts and business processes that originated in the holding’s headquarters later extended to the Soyak companies as part of the restructuring process that took place under the Soyak holding umbrella. these are shared with the executives of the holding and its subsidiary companies as well as with the stakeholders. Soyak holding’s corporate website (www.soyakholding.com.tr) provides up-to-date information about the holding and its companies.

in accordance with an approach to transparent governance, all financial statements of Soyak holding companies are audited independently on an annual basis. these statements are shared with banks and third parties as needed and information about the latest position of the companies is sent to the interested parties. operational information about its companies is shared via e-mails and at meetings, seminars and conferences that Soyak holding participates in as well as through industry associations. in addition, this information is made available to the employees using the redesigned Soyak holding intranet.

as an indication of the great progress made in the process of development of a corporate culture, Soyak holding plans to take the necessary steps in 2010 to initiate its corporate governance association of turkey (tkyd) membership.

EFFEcTİVE MANAGEMENT Soyak holding has embraced a corporate strategy that respects the environment and social values while contributing to sustainable development. accordingly, Soyak has implemented this strategy in all of its companies since its adoption of the holding company structure. areas of authorization, responsibility and workflows were clearly defined with directives that apply to all companies within the holding. in addition, both the companies and the holding prepare periodic reports on a functional basis.

Soyak companies’ business processes are designed and revised based on corporate strategy, critical success factors, primary goals, policies, risk, standards, laws, comparisons and other development requirements. in addition, consideration is given to the expectations of customers, suppliers, employees and other stakeholders in the design and management of the processes. most Soyak companies have implemented the iSo 9001, ohSaS 18001 and iSo 14001 emS integrated quality systems to manage and develop the processes in accordance with internationally-accepted

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system standards. the integrated system established by Soyak allows documentation of the processes as part of the procedures, continuous monitoring of the effectiveness and efficiency of these processes by the process owners and internal and external auditors and recording of the results and the implementation of necessary improvements. as a result of Soyak holding companies’ focus on quality standards, Soyak residential development won the national quality achievement award in 2007 while trakya döküm joined the national quality movement and adopted the efqm excellence model.

all stages of the sales process at Soyak residential development are reported in detail via axapta modules, which were first implemented with the installation of the integrated information System in 2003 and that were improved further every year since then, thus ensuring a healthy flow of data. the company has also developed an effective system to respond to information requests and sales orders from its customers in a timely fashion and to track and record them. the requests submitted to the “let us call you” and “contact us” sections of the company’s website become operational

and are recorded automatically via this module. in addition, Soyak residential development accelerated its efforts to develop the SSmh information management system and the information database that consists of more than 300,000 Soyak customers.

production planning and other production processes, sales and purchasing transactions, logistics, finance and maintenance activities are actively monitored via the baan erp application at trakya döküm. the company uses unigraphics cad/cam and magnasoft simulation programs to integrate new products into mass production in a fast and reliable manner. orders are taken and customer complaints are answered directly via the portals of oem firms, particularly in the automotive industry. trakya döküm also encourages the leadership of its employees in the operation and processes of the company as part of its 6-Sigma business management methodology.

Similar to other Soyak companies, erku also has a data flow system used for reporting and customer

relations. regular internal company reports regarding finance, sales and distribution are generated on a daily, weekly, monthly, quarterly and annual basis thanks to this system. these reports are shared with the board of directors of the company and the related departments of Soyak holding following approval of the general manager.

ekpaş documents and controls every stage of the sales process via advanced software applications. in addition, market and dealer information obtained via dealer visits by the sales teams is reported to the related units using standard reporting methods and kept in a way that is easily accessible by the employees. these reports, which allow oversight of dealer and market developments and form the basis for the future projections, make up a large part of the corporate database. for this operation, the company uses the core plus commercial application package as well as logo tier and its related navigator software programs to keep accounting records. as a result, the company achieves workforce savings and the existing workforce is channeled toward activities that will increase the company’s market share and sales volume.


huMAN rESOurcES

all Soyak companieS employ perSonnel are team playerS, open to change, productive and readily internalize Soyak’S corporate valueS.

Soyak holding is cognizant of the role human capital plays in corporate development. in this respect, the company considers investments for employees to be an integral part of its corporate goals and vision. Soyak holding’s human resources system was also designed in accordance with this perspective and with a contemporary planning framework.

one of the company’s basic strategies is to have a competitive advantage in the sector by supporting the strategic processes with specialist employees, all experts in their respective fields. all Soyak companies employ personnel that are team players, open to change, productive and who readily internalize Soyak’s corporate values. the primary goal of Soyak holding’s human resources policy is to constantly improve their employees in accordance with the culture of excellence and to make them a part of the Soyak family.

EMpLOYEE prOFILE as of year-end 2010, the Soyak family consists of an average of 1,500 employees.

pErFOrMANcE EVALuATION the performance of Soyak holding’s employees is assessed once every year. the performance evaluation System was put in place to measure the extent to which the goals, which are set on an annual basis, are accomplished. evaluation of competencies that reflect corporate values, in addition to job productivity, is also included in this system and the evaluation results are used in the planning of training and development applications.

TrAINING Soyak holding’s human resources practices include training programs to help employees adapt to changing global conditions and manifest their skills to deal with a competitive environment both for themselves and for the company.

in accordance with the requirements of today’s information age, Soyak holding’s training programs aim to create a staff comprised of creative individuals who are capable of overcoming problems, who know how to access information as well as how to analyze and utilize it, who can think flexibly and sustain their social, cultural and professional development for a lifelong.

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the first step in this training process is the orientation program, which plays a major role in the formation of the corporate identity and the adaptation of employees to their respective work teams. the annual training and development plan prepared in accordance with the personalized training needs assessment analyses also provides a continuous development opportunity for the employees. in addition, the talent pool program geared toward accelerating and measuring the development of employees with great potential is prepared in cooperation with independent consulting firms and is implemented on an annual basis. the human resources department also conducts a standard-content leader development program to improve the leadership and mentoring skills of managers employed within Soyak companies.

in an attempt to take advantage of the training opportunities outside Soyak holding, some employees and managers selected each year based on the budget are given the opportunity to attend mba programs of universities partnered by Soyak. english courses are offered at institutions that specialize in foreign language education to improve the language skills of the employees.

cOMMuNIcATION WITh EMpLOYEES in an effort to create corporate consciousness and loyalty among the employees of Soyak companies, many channels of communication, including the managers’ “open door policy,” are utilized. in addition, strong relationships between employees are enhanced by social activities geared toward strengthening personnel’s sense of belonging. these activities include information meetings for employees, company intranet, internal communication bulletins, congratulatory messages from the management on special days and festivities organized on special days. the company also elicits feedback from employees regarding practices in various matters to increase the contribution of employees to Soyak holding’s corporate development.

EMpLOYEE prOFILE (%)

23% 41+ years old

44% white collar

20% university degree

7% 16-35 years

56% blue collar

37% 31-40 years old

71% 1-5 years

9% associate’sdegree

2% post-graduate degree

25% elementary and middle School graduate

22% 6-15 years

44%high School graduate

40% 20-30 years old

Experience average age

Employee Profile

Education level


quALITY ANd MANAGEMENT SYSTEMS pOLIcIES

Soyak holding encourageS itS Senior and mid-level managerS to be actively involved in civil Society organizationS So that itS corporate experience and know-how can benefit the development of non-governmental organizationS.

in this day and age where efficient utilization of the world’s scarce resources is becoming more important day by day, sustainable development has become a principal economic issue. acting with full cognizance of this fact, Soyak holding draws multi-dimensional growth and future plans in deference to the nature and human factors with corporate citizenship awareness.

Soyak holding encourages its senior and mid-level managers to be actively involved in civil society organizations so that its corporate experience and know-how can benefit the development of non-governmental organizations. a member of organizations such as tÜSİad (turkish industrialists’ and businessmen’s association), gyoder (the association of real estate investment companies of turkey), uli (urban land institute), heSİad (hydroelectric power plant businessmen’s association), tudokSad (turkish foundry operators’ association), eÜd (electricity generators association), reSİad (wind power and hydropower plants businessmen’s association) and tkyd (corporate governance association of turkey) as a representative from the industries in which it operates, Soyak holding also supports the social activities of organizations such as tSkd (turkish chemical manufacturers association,)

Çedbİk (environment-friendly green buildings association) and the world energy council. in addition, the holding assumes responsibility by participating in the management of kalder (turkish Society for quality) on the issue of quality management as well as in various other industry associations and chambers.

hEALTh ANd SAFETY Soyak holding takes utmost heed of occupational health and safety by implementing practices at world standards and increases quality in its labor and production processes. Soyak employs on-site physicians, health officers and occupational safety specialists at the central offices of the holding as well as at construction sites, plants and production facilities in order to continuously monitor and ensure the health and safety of the employees as mandated by laws and regulations. periodic vaccinations, physical examinations and lung and eye exams conducted by health officials as well as water quality analyses, hygiene inspections, studies of office ergonomics, first aid and civil defense trainings performed by related specialists minimize the risk of health and safety problems at the holding and its subsidiary companies. machinery and equipment at the facilities are inspected periodically while measurement devices are calibrated on a regular basis.

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embracing the principle of continuous development for both occupational health and safety, Soyak holding prepares action plans for improvement as part of the environmental and occupational safety risk analyses conducted by across the Soyak group. in addition, currency of action plans are tested via emergency drills.

ThE ENVIrONMENT Standing out in the corporate world with its emphasis on preservation of natural resources and sustainable development, Soyak holding develops reference projects in an attempt to leave behind a more habitable world for future generations.

in each sector where the holding conducts business, Soyak opts for environmentally friendly practices while forming its business processes; it strives to ensure that employees and business partners as well as all stakeholders possess environmental awareness.

Carbon Emissions and Greenhouse Gas Inventory Efforts as part of the carbon emissions inventory activities launched within Soyak holding at the beginning of 2011, carbon emission amounts are calculated in accordance with the principles laid out in the iSo 14064-1 greenhouse gas inventory quantification Standard. the purpose of this effort is to measure Soyak holding’s greenhouse gas inventory, to focus on activities that reduce its greenhouse gas emissions and to set an example for the group companies in this respect. the company obtained the iSo 14064 validation certification in 2011.

quALITYquality is the primary determining factor in Soyak holding’s business processes and business conduct models. therefore, the holding acts with quality awareness in every activity that creates a benefit for the company and is of interest for the society. all Soyak companies actively undertake many projects within the scope of their activities for safeguarding product and service quality as well as the environment.

as a result of the efforts in this area, Soyak holding obtained international environmental and quality certifications recognized by the global business world. Soyak residential development, one of the holding’s deep-rooted companies, holds the iSo 9001 quality, iSo 14001 environmental and ohSaS 18001 occupational health and Safety management System certifications. Soyak residential development also supported a total of 26 of its suppliers in their efforts to implement the iSo 9001:2000 quality management System in 2005 and 2006 in an attempt to contribute to the development of the sector it operates in and to pioneer the expansion of quality awareness. the company also backed six of its suppliers in their bids to participate in the national quality movement in 2006. in addition, as a result of the evaluations conducted by kalder (turkish Society for quality) on the basis of the efqm excellence model, Soyak residential development became the finalist for the national quality award in 2006 and won the national quality achievement award in 2007.

Soyak energy production obtained the iSo 9001 quality management System certification in 2007. the company has successful ongoing efforts for the ohSaS 18001 occupational health and Safety and iSo 14001 environmental management systems.

trakya döküm, another long term Soyak holding company, has earned all of the quality and environmental certifications that are important in its industry. the company holds the iSo-tS 16949-2002, iSo 9001:2000, ohSaS 18001:1999, en iSo 14001:2004 and tSe iSo 9002 certifications. trakya döküm was also awarded the ford q1 quality System certification thanks to its successful business processes and practices.

Sa 8000 Social accountability management System Efforts efforts were launched to establish the Sa 8000 Social accountability management System at Soyak holding a.Ş. in 2011. Sa 8000 is a global standard created to define employee rights and to ensure compliance with minimum standards at the workplace. the company has plans to obtain its Sa 8000 certification during 2011.


rISK MANAGEMENT

Soyak holding, deciSively adhering to itS fundamental policieS and principleS, alSo made implementation-oriented changeS within itS riSk management and internal audit SyStemS in deference to the unique circumStanceS of each new era.

the cyclical fluctuations in the global economy and their impacts on national economies shape the companies’ strategic goals as well as the policies they implement in pursuit of these goals. corporate risk management and internal audit policies also need to be revised based on the changing internal and external factors and adapt to the evolving conditions.

the fluctuations and uncertainties of recent years in both the global economy and national economies have forced corporations to revise their risk management and internal audit policies more frequently and carefully. Soyak holding, decisively adhering to its fundamental policies and principles, also made implementation-oriented changes within its risk management and internal audit systems in deference to the unique circumstances of each new era.

rISK MANAGEMENT the primary condition for successful risk management is that the risk management system encompasses all processes of the company and critical risk needs to be monitored closely. a healthy start in risk management will also lead to the sustainability of the practice. taking advantage of the synergy to be brought about by knowledge and experience sharing will help ensure the continuity of risk management practices. pursuant to this approach, Soyak holding risk management and internal audit coordinator joined the corporate risk management association of turkey and was subsequently elected a member of its board of directors. the experience and know-how gained from the association’s activities guide the practices of Soyak companies. the corporate risk management association of turkey, which counts representatives of turkey’s prominent and large conglomerates among its members, brings together corporate risk management executives, a new yet influential profession compared to other career groups, in order to effect professional knowledge and experience sharing and to inform its members about the developments in the world literature regarding this subject.

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INTErNAL AudIT Soyak holding’s internal audit policy consists of establishing and developing internal control system and an audit culture based on risk priorities at all Soyak companies as well as conducting audit activities that create value-added for the companies via proactive applications.

Soyak holding’s internal audit activities are performed via its in-house audit and risk management department as well as by external resources. the opinions of the general managers of Soyak companies are also elicited when audit plans are drafted, which facilitates active participation of managers.

operational audits are conducted in accordance with coSo standards while information technology audits are performed based on cobit standards. the audit department is responsible for conducting the detailed inspections in the areas that require special attention.

ExTErNAL AudIT as part of its external audit activities, implementation effectiveness of Soyak holding’s quality and management systems are audited by an independent certification company once a year.

findings of the external audit are evaluated by the senior management and necessary corrective efforts are performed after the initiation of corrective and preventive action (capa). the external audit findings are monitored by the quality and/or management systems departments and the progress of corrective actions is reported to the related company management periodically.


SuSTAINABILITY ANd cOrpOrATE SOcIAL rESpONSIBILITY

Soyak holding’S Social reSponSibility approach focuSeS on what iS beSt for Society and the environment and encompaSSeS a broad area beyond the Sphere of influence of itS operationS.

SuSTAINABILITY ANd cOrpOrATE SOcIAL rESpONSIBILITY pOLIcY Soyak holding’s corporate culture is built on the Sustainable living approach. all companies active within Soyak holding manage the economic, social and environmental impacts of their activities in accordance with the principle of social responsibility and place social development at top of their agendas.

Soyak holding’s social responsibility approach focuses on what is best for society and the environment; it encompasses a broad area beyond the sphere of influence of its operations. in addition, in an attempt to raise awareness about and participation in, its social responsibility projects, Soyak holding posts its activities on its website and announces them to the public via Sustainable living reports. concurrently, it establishes strong and longstanding relationships with non-governmental organizations and supports projects initiated outside of the holding.

SuSTAINABLE LIVING Soyak’s Sustainable living principles and practices directly address the climate change problem, which began in the middle of the 18th century and remains unresolved, according to the united nations (un) data. with negative impact on human life being felt more clearly in the last 20 years, climate change has become a hot topic and is being tackled seriously by national and international organizations, governments and especially manufacturing companies.

by the very nature of the industries it focuses on, Soyak holding conducts environmental impact assessments pursuant to institutionalized environmental policies for all operations carried out by its subsidiary companies and meticulously implements all environmental protection measures. the policies adopted by the holding in this respect are:

• Minimizing its carbon dioxide emissions

• Minimizing its energy consumption • Generating renewable and clean

energy • Minimizing water consumption and

managing surface waters in the most efficient manner

• Using recyclable materials • Managing its waste effectively • Establishing the necessary isolation

mechanisms to prevent the creation of pollution

• Developing projects that will enhance the health and welfare of individuals

• Protecting ecological diversity • Educating social stakeholders about

environmental management


SUSTAINABILITY AND CORPORATE SOCIAL RESPONSIBILITY

Soyak HoldIng conductS envIronmental Impact aSSeSSmentS purSuant to InStItutIonalIzed envIronmental polIcIeS for all operatIonS carrIed out by ItS SubSIdIary companIeS and metIculouSly ImplementS all envIronmental protectIon meaSureS.

Soyak Holding conducts its operations in industrial production as well as in all of its projects in the real estate industry in accordance with these policies. the company works in cooperation with related administrative entities and non-governmental organizations in the course of its projects to carry out these implementations successfully.

the environmental assessment and efficiency performance evaluation of buildings are conducted on the basis of the uSa-based leed (leadership in energy and environmental design) and the uk-based breeam (building environmental assessment method) systems. built on three pillars, the leed certification provides a holistic approach for buildings based on environmental sensitivity and energy efficiency. designed as a triangular prism, this system combines economic, social and ecological priorities in an effort to find a balance between profitability, respect for society and preservation of nature.

Soyak’s steps toward the goal of creating a better future are manifested in detail in the “Sustainable living” report that is also published on the Holding’s website.

SOYAk kRISTAL kULE CERTIfICATION ACTIvITIES constructed by Soyak in Istanbul’s levent district in response to the demand for office space, kristal kule was designed as an exemplary building in terms of minimizing environmental impact and advancing the cause of sustainable living.

Soyak kristal kule is among the first office buildings in turkey applying for leed certification, the american green building standard; it obtained leed Silver pre-certification in 2010.

• LEED-certifiedbuildingshavelower operational costs than other buildings.

the following actions were taken for environmental protection and energy conservation: • Minimizationofwaterconsumption• Energyefficiencyincludingusing

renewable sources of energy • Improvementintheairqualityof

indoor spaces • Noticeablereductioninwastes• Encouragingtheuseofmasstransit

Some of the green building practices employed at Soyak kristalkule are as follows: • Parkinglotandchargingstationfor

electric vehicles • Useofrecyclablematerials• Condensaterecovery• Greenroofandlocalvegetation• Bicycleparking

SOYAk HOLDINg HEAD OffICE BUILDINg LEED CERTIfICATION PROjECT buildings have major environmental impacts during the course of their design, construction and operation. In turkey, buildings consume 30% of total annual energy production. Since 1990, the office/commercial building sector has been the cause of emissions of tons of carbon dioxide at ever increasing rates. producing large amounts of solid waste per building occupant each day, a commercial building produces tons of solid waste generated per year, depending on the size of the building. In addition, buildings destroy the natural characteristics of the land upon which they are constructed and turn it into hard, impermeable surfaces with significantly reduced biological diversity. all these factors demonstrate the need to take some measures to mitigate the environmental impact of buildings.

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buildings can reduce the environmental impact that they have caused and will create by conforming to the high-performance design, construction and operation standards of green building certification systems such as leed. in addition, green building operation and management practices reduce the building’s operational expenses and enhance the performance of employees by increasing the indoor air quality.

the leed green building rating System is a voluntary, consensus-based and market-driven tool. based on existing and proven technology, it evaluates environmental performance from a whole building perspective over a building’s life cycle, providing a definitive standard for what constitutes a green building in design, construction and operation.

the leed rating system is comprised of five main categories: Sustainable Sites, water efficiency, energy and atmosphere, materials and resources, indoor environmental quality. Soyak holding decided to conduct leed assessment for its head office in 2010. areas in need of improvement were identified as a result of the assessments and the necessary improvements were made as part of an intensive, year-long project carried out in compliance with the leed green building rating System for existing buildings: operations & maintenance. the goal of the project was to generate high-performance, long-lasting, environmentally-friendly and economic solutions at the Soyak holding head office building.

the following applications and practices were implemented at the Soyak holding head office building to attain this goal: • The number of employees working in

the building who commute to work in their personal vehicles was reduced by encouraging mass transit and service bus utilization. as a result,

fuel burn-driven air pollution was reduced. according to the results of the alternative transportation survey conducted with employees working in the building, 70% of Soyak holding head office building employees no longer commute to work in their own cars.

• All lighting fixtures outside of the building were replaced with models that do not reflect light toward the sky, thereby eliminating redundant light pollution.

• In accordance with LEED’s water use and waste water reduction provisions, the entire building was equipped with high efficiency water and plumbing fixtures, resulting in 40% lower water consumption.

• Irrigation water use was reduced by 80% by opting for native plants in the building’s landscaping as well as water-efficient irrigation methods.

• A comprehensive energy assessment, encompassing the main energy-consuming systems, was conducted at the building. during and after the measurement period that lasted more than a month, the most effective energy conservation measures to be implemented in the building were identified. Subsequently, various energy conservation projects were developed and undertaken. Soyak holding head office building earned a rating of 77 based on the uS-based epa energy Star energy performance rating System.

• Soyak Holding Head Office Building uses refrigerants that only contain gases that, in compliance with the montreal protocol, do not deplete the ozone layer or cause climate change.

• Soyak Holding Head Office Building’s greenhouse gas emissions were calculated in accordance with iSo 14064 and 14065 standards in an effort to determine the building’s carbon footprint.

• Sustainable Purchasing Policies were put together as art of the leed

certification process to govern the purchasing decisions for all ongoing consumables, durable goods, construction and retrofit materials to be used inside the building and low-mercury light bulbs to be bought for the Soyak holding head office building. for example, 87% of all durable electronics goods purchased for the building during the leed certification process consist of sustainable products.

• As a result of implementing a policy of purchasing only low-mercury light bulbs during the leed certification project, a score of 30 picograms of mercury per lumen hour was achieved, which is considered “exemplary performance” by leed.

• A Waste Study was performed to identify all waste types and amounts generated by the building. opportunities were exploited and measures were taken for reduction, sorting and recycling of wastes produced during building use.

• Waste management strategies were developed based on the findings of the waste Study and

• More than 50% of consumable wastes

• More than 90% of durable goods wastes

• More than 70% of building-interior retrofit wastes were sorted and transported to recycling centers.

• A “Green Cleaning” Policy was drawn up for interior and exteriors of the building, eliminating exposure of building users and attendants to toxic chemicals that degrade air quality and damage human health as well as building parts.

• A Building Occupant Comfort Survey was conducted to identify building occupants’ complaints about thermal comfort, acoustic quality, indoor air quality, lighting and cleanliness and maintenance. based on the results, measures were implemented to increase indoor air quality and occupant comfort at the Soyak holding head office building.


on average, 3,500 StudentS are enrolled at the yilmaz Soyak İlköğretim okulu (yilmaz Soyak elementary and middle School), bilge Soyak İlköğretim okulu (bilge Soyak elementary and middle School) and erkut Soyak anadolu liSeSi (erkut Soyak anatolian high School) eStabliShed by Soyak within the laSt ten yearS.

SA 8000 SOcIAL AccOuNTABILITY MANAGEMENT SYSTEM an Sa 8000 Social accountability management System is the standard designed for businesses that aim to safeguard employees’ substantive rights. this management system was put together by a working group of the uS-based Sai (Social accountability international) consisting of, among others, trade unions, human rights and children’s rights organizations, academicians and employers. this standard was created on the basis of various ilo conventions, the united nations universal declaration of human rights and the united nations convention on the rights of the child. the Sa 8000 Social accountability management System consists of the following areas of accountability: child labor, forced and compulsory labor, health and safety conditions, freedom of association and right to collective bargaining, discrimination, disciplinary practices, working hours, remuneration, operation of subcontractors and suppliers in compliance with Sa 8000 management systems.

Soyak holding launched activities to implement the Sa 8000 Social accountability management System in 2011 in an attempt to safeguard employee rights, to declare its compliance with local and national laws and to set an example for its group companies as well as all other firms and organizations. following the completion of these efforts,

Soyak holding is planning to have Sa 8000 certification conducted by an accredited independent organization.

ISO 14064 GrEENhOuSE GAS INVENTOrY quANTIFIcATION ANd rEducTION STANdArd the concept of sustainability has reached great prominence worldwide especially in recent years. a major element of the sustainability approach is the protection of natural environment. today large and respected corporations and organizations have their carbon footprints quantified and try to mitigate their impacts on the nature. legal authorities ask companies to comply with these requirements with the threat of local and international sanctions. a standard drafted for this purpose, iSo 14064 is a manual for quantification and reporting of greenhouse gas emissions and removals at the organization level.

as part of the efforts launched in 2011 at Soyak holding to quantify its greenhouse gas emissions inventory, emitting activities as well as sources and amounts of emissions were identified, infrastructure work was completed and the field audit was undertaken by an independent organization.

cOrpOrATE SOcIAL rESpONSIBILITY AcTIVITIES embracing the principle that healthy and educated generations living in a clean environment are as indispensible as innovative products and services for sustainable social development, Soyak holding focuses its social responsibility


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activities on education, culture, environment and sports. in addition to its activities in these fields, Soyak also supports activities and projects geared toward social development that are undertaken outside the holding. while determining their social responsibility investments, all Soyak companies choose the projects they support on the basis of serving the society’s priority needs.

EducATIONSoyak aims to be a pioneer with its social responsibility projects, as it does in the areas in which it operates. acting with the awareness that education is one of the most important elements shaping a nation’s future, Soyak contributes to the mobilization of turkish education with the schools it builds and hands over to the national education ministry. on average, 3,500 students are enrolled at the yılmaz Soyak İlköğretim okulu (yılmaz Soyak elementary and middle School), bilge Soyak İlköğretim okulu (bilge Soyak elementary and middle School) and erkut Soyak anadolu lisesi (erkut Soyak anatolian high School,) established by Soyak within the last ten years.

Yılmaz Soyak Elementary School Üsküdar, Istanbul

Bilge Soyak Elementary School Ümraniye, Istanbul

Erkut Soyak Anatolian High School Yenişehir, Istanbul


poSitioning Social reSponSibility aS an integral part of itS corporate culture, Soyak prioritizeS the principle of continuity when planning itS activitieS.

cuLTurE making major contributions in many areas of interest to society, Soyak publishes books by turkish authors and world-renowned international authors through Soyak publications for consumption by the turkish public and contributes to turkey’s cultural heritage and broadens the horizons of its readers. among these publications are istanbul life in the mirror of history, the culture of living in anatolia from the traditional to the future, human resources and quality in the process of total excellence, the transformation of cities, moral intelligence and the green report card.

ThE ENVIrONMENT positioning social responsibility as an integral part of its corporate culture, Soyak prioritizes the principle of continuity when planning its activities. it is important that social responsibility activities consist of sustainable projects from the perspective of values created to be preserved for the future.

this approach is at the heart of Soyak’s activities; the company focuses on sustainable environments in its social projects.

in an attempt to draw attention to the drought risk as a result of climate change as part of its Sustainable living principle, Soyak holding launched its “Save a drop for the future” project in 2007. the purpose of this project is to contribute to raising a responsible generation and to prevent future generations from facing water shortage by encouraging efficient and economical use of water, critical for the sustainability of life and a must-have resource in every facet of life.

the project was initiated within the educational arena to give priority to creating awareness among youth. this project consisted of implementing water conservation measures and renovating pipes carrying water at 33 public schools in izmir and istanbul. through awareness creating activities, 102,000 people were reached and a water conservation rate of 60% was achieved.

Soyak teamed up with the Çiğli rotary club to renovate the water pipes at 15 public schools in izmir to conserve water during the first year of the “Save a drop for the future” project. awareness-raising meetings attended by Soyak and Çiğli rotary club representatives were conducted at the schools where the project was implemented. as part of the water conservation measurement efforts, water consumption of the schools before and after the facility renovations is measured and conservation amounts are revealed by comparing the two measurements.

the project was expanded to istanbul during 2008 in partnership with the bostancı and karaköy rotary clubs and the same measures were taken at 18 public schools throughout the city. in an attempt to enhance the social impact of the project, training sessions dealing with the conscientious use of water were conducted.

to highlight the significance that conservation can achieve with minor changes in water consumption habits and to extend the reach of the project to diverse segments of the society via the internet, the “first Soyak virtual dam” application was launched on



Soyak, a founding member of the environment-friendly green building aSSociation of turkey, prioritizeS infraStructure work geared toward energy conServation and the conServation of green areaS in itS own projectS.

facebook in 2008. with this application that can also be reached on the Soyak residential development website, 15,736 users conserved a total of 723,000 tons of water. as a result, the “first Soyak virtual dam” reservoir reached a 33.2% fullness factor.

in addition to all this, “Save a drop for the future” painting, poetry and composition competitions were organized in 2009 among all schools participating in the project with the aim of ensuring that the new generation also has conservation awareness intellectually.

Soyak also participated in this project and replaced the common-use water fixtures in its buildings with sensor-enhanced models. Soyak raised water conservation awareness among its employees and organized “Save a drop for the future” painting competitions for the children of the employees; the winning entries were used in yearly calendars. the monthly e-bulletins published for Soyak companies feature messages regarding conservation. Soyak is continuing its efforts to further enhance environmental awareness that it created with this project.

a total of 7,500 pieces of equipment and other materials were replaced at schools that participated in the “Save a drop for the future” project. the 60% water conservation rate, calculated based on measurements made in izmir and istanbul, corresponds to 1,950 tons of water conserved. a total of 232 people took part in the project, which consumed a total of 30,000 man-hours. as the results indicate, significant awareness was created regarding water scarcity and major steps were already taken to safeguard the right to a good quality of life for future generations.

Soyak, a founding member of the environment-friendly green building association of turkey, also prioritizes infrastructure work geared toward energy conservation and the conservation of green areas in its own projects. while offering upscale living spaces, Soyak is also undertaking projects that will bequeath the sustainability concept to the future generations. with this next-generation quality approach, Soyak intends to create a lifestyle culture where social, economic and environmental factors come together. Soyak achieves the sustainability of the high-quality living culture by using resource-efficient materials in its residential units and instills this culture in homeowners.


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SpOrTS a major contributor to sports as part of its social responsibility approach, Soyak launched the “Soyak team” project in 2003 to support individual athletes. the project lasted five years and was terminated in 2008 after its goals were attained. the support given to sports is not merely a matter of raising brand awareness, but also one of showcasing turkey and helping turkish athletes achieve the performance and recognition worldwide that they deserve. launched with this approach, the “Soyak team” project aimed to support promising young athletes and constitute an example for turkish companies in similar projects.

hundreds of athletes from various sports were subjected to an elimination and interview process as part of the project. at the conclusion of this process, five athletes from five different individual athletic branches were selected to receive both financial and non-financial support for five years. believing that individual sports should be supported as much as the team sports with mass following, Soyak invested tl 2 million in this five-year project. during the course of the project, the athletes who proudly carried the Soyak logo and represented the Soyak brand successfully made large strides in their respective fields.

cONTrIBuTIONS ANd ASSISTANcE teaming up with various charitable organizations, non-governmental organizations and associations, Soyak continues to create value in various social fields with financial and non-financial assistance it provides as an extension of its Sustainable living principle. Soyak also supports various activities in sector development, healthy lifestyle and fitness, culture & arts and education areas, which constitute the building blocks of social development. the activities supported and sponsored by Soyak since 2010 are listed below.

• Istanbul 2010 European Capital of culture (corporate sponsor)

• TÜSİAD (Turkish Industrialists’ and businessmen’s association) country communication committee

• GYODER (The Association of Real estate investment companies of turkey) Summit

• YEM (The Building Information Center of turkey) housing conference

• GYODER (The Association of Real estate investment companies of turkey) developing cities Summit – bursa

• ArkiPARC 2011 Conference • Eko Design Conference • Forum Istanbul 2011 • TOKİ (The Housing Development

administration of turkey) housing convention

• 7th National Conference on earthquake engineering

• Istanbul Biennial • Özyeğin University 2050 Workshop • Yıldız Technical University National

engineering competition

• Boğaziçi University Green Fest • Sainte Pulcherie High School –

beyoğlu municipality bicycling culture project

• Physicians’ Ball • KalDer (Turkish Society for Quality)

12th quest for excellence Symposium • Boğaziçi University Construction Club

Steel bridge competition • Soyak Yenişehir Kibele and Şelale

homes hello to Summer festival • Soyak Mavişehir Plot B Hello to

Summer festival • Çeşme Rotary Regional Assembly • Bornova Anatolian High School

educational foundation year-end ball

• Dokuz Eylül University Medical School hospital festival

• Chamber of Pharmacists Symposium and ball

• Izmir International Dance Festival • Green Business Conference • 8th National Concrete Conference • 16th National Marketing Congress


cErTIFIcATIONS ANd AWArdS

2007national quality award 2007 (granted as a result of the assessment made on the basis of efqm excellence model) – kalder (turkish Society for quality)

finalist certificate 2007 (granted as a result of the assessment made on the basis of efqm excellence model) – kalder (turkish Society for quality)

183rd largest contracting company in the world – enr

overseas contracting Services achievement award - union of turkish contractors

union of turkish contractors certificate of achievement - turkish contractors association

kariyer net respect for human award – kariyer.net

2008corporate Social responsibility award (Save a drop for the future) – international rotary 2440th region

Star of the year award - ekonomik Çözüm (economic Solution) newspaper

respect for human award – kariyer.net

construction industry partnership Special award - yıldız technical university

iSo 9001, iSo 14001, ohSaS 18001 integrated System certifications (Soyak holding adopted the integrated System in 2005; it was recertified in 2008)

2009best mobile campaign Second place award (for reaching the target audience using the Smart cbc system during the Soyak Siesta campaign) – direct marketing association of turkey (dpid)

most commended improvement in performance (customer Service development project) – imi conferences

certificate of appreciation – kariyer.net

2010golden voltage award (Save a drop for the future)

2011turkey’s first leed certification in the existing buildings category

iSo 14064 greenhouse gas emissions inventory certification


DIRECTORY

Soyak Holding Soyak Holding Binası Büyükdere Cad. No: 38 34387 Mecidiyeköy ISTANBUL / TURKEY Phone: +90 212 - 315 50 00 Fax: +90 212 - 273 23 05 E-mail: [email protected]

Real Estate Group

Soyak Residential Development Soyak Holding Binası Büyükdere Cad. No: 38 34387 Mecidiyeköy ISTANBUL / TURKEY Phone: +90 212 - 315 51 51 Fax: +90 212 - 315 51 46 E-mail: [email protected]

Soyak Project Management Soyak Holding Binası Büyükdere Cad. No: 38 34387 Mecidiyeköy ISTANBUL / TURKEY Phone: +90 212 - 315 51 51 Fax: +90 212 - 315 51 46 E-mail: [email protected]

Soyak Construction Soyak Holding Binası Büyükdere Cad. No: 38 34387 Mecidiyeköy ISTANBUL / TURKEY Phone: +90 212 - 315 51 00 Fax: +90 212 - 315 57 61 E-mail: [email protected]

Soyak Real Estate Development Soyak Holding Binası Büyükdere Cad. No: 38 34387 Mecidiyeköy ISTANBUL / TURKEY Phone: +90 212 - 315 50 27 Fax: +90 212 - 275 75 73 E-mail: [email protected]

Energy Group

Soyak Energy Production Soyak Holding Binası Büyükdere Cad. No: 38 34387 Mecidiyeköy ISTANBUL / TURKEY Phone: +90 212 - 315 50 28 Fax: +90 212 - 288 92 73 E-mail: [email protected]

Soyak Energy Trading Soyak Holding Binası Büyükdere Cad. No: 38 34387 Mecidiyeköy ISTANBUL / TURKEY Phone: +90 212 - 315 50 28 Fax: +90 212 - 288 92 73 E-mail: [email protected]

Cement Group

Traçim Cement Production Soyak Holding Binası Büyükdere Cad. No: 38 34387 Mecidiyeköy ISTANBUL / TURKEY Phone: +90 212 - 315 53 32 Fax: +90 212 - 275 75 61 E-mail: [email protected]

Casting Group

Trakya Döküm Soyak Holding Binası Büyükdere Cad. No: 38 34387 Mecidiyeköy ISTANBUL / TURKEY Phone: +90 212 - 315 52 40 Fax: +90 212 - 274 01 43 E-mail: [email protected]

Ekpaş Soyak Holding Binası Büyükdere Cad. No: 38 34387 Mecidiyeköy ISTANBUL / TURKEY Phone: +90 212 - 315 53 00 Fax: +90 212 - 274 41 00 E-mail: [email protected]

Erku Soyak Holding Binası Büyükdere Cad. No: 38 34387 Mecidiyeköy ISTANBUL / TURKEY Phone: +90 212 - 315 53 40 Fax: +90 212 - 275 75 63 E-mail: [email protected]

Port Civil Aviation Atatürk Mah. Sedef Cad. Ata 4-5 B Blok Kat. 8 Daire 35 Ataşehir ISTANBUL / TURKEY Phone: +90 216 - 456 26 22 Fax: +90 216 - 456 25 42 E-mail: [email protected]

Soyak Holding Binası Büyükdere Caddesi No: 38 Mecidiyeköy 34387 ISTANBUL/TURKEYTel: 0 212 - 315 50 00Fax: 0 212 - 273 23 05Web: www.soyakholding.com.trE-mail: [email protected]

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