Unlu Yatirim Holding A.s. · BIST:UNLU
Unlu Yatirim Holding A.s — ÜNLÜ Yatırım Holding A.Ş. — 9M21 Earnings Presentation
21 slides from Unlu Yatirim Holding A.s's earnings presentation, November 2021
Slide 1: ÜNLÜ Yatırım Holding A.Ş. 9M21 Financial Results
ÜNLÜ Yatırım Holding A.Ş. 9M21 Financial Results Aykut Sarıbıyık – CFO Cansu Ökten – MIS and Reporting November 2021
Slide 2: Contents
CONTENTS 9M21: Key Take aways 3 Financial Results and Performance 4 Results by Business Line and Recent Developments 11 Theme – Venture Capital in Turkey: Our Vision, Investments and Services 15 Appendix 18 About ÜNLÜ & Co 19 Ownership Structure and Group Companies 20 Social Responsibility and ÜNLÜ
Slide 3: 9M21 Results: Key Take Away
9M21 Results: Key Take Away 39,6 mn TL C’ hensive Income % 27 RoE (*) (**) Net Income: 35,8 mn TL *): Trailing Twelve Months (**): Adjusted to normalize the impact of the IPO (that resulted in a one-off jump in the BV by 7 June 2021) 201 mn TL Revenues Key Take Away +30% YoY 810 mn TL ÜYH announced
Slide 4: Financial Results and Performance
Financial Results and Performance
Slide 5: ÜNLÜ Yatırım Holding A.Ş. As of 9M21
ÜNLÜ Yatırım Holding A.Ş. As of 9M21 201,4 mn TL 35,8 mn TL % 82 Revenues 9N21 Net Income Share of Recurring Revenues 810 mn TL 535 mn TL % 27 Total Assets Book Value TTM RoE (*) (**) 3,3 bn TL 330 mn TL 650 mn TL 3,9 bn TL DAHA AuM VC Investments Mutual Funds AuM NPL AuM 460 % 55 3 Countries, 6 Off
Slide 6: Financial Summary and Performance
Financial Summary and Performance 2018 2019 2020 ÜYH reported 201.4 mn TL in revenues (**) (+30%, YoY), 39.6 mn TL in comprehensive income, and 35.8 mn in net income as of 9M21 Source: 30 September 2021 Consolidated Financial Statements (*): TTM: Trailing Twelve Months (**): Revenues = Revenues from
Slide 7: Financial Summary and Performance
Financial Summary and Performance 2018 2019 2020 TTM revenues, EBITDA, and net income reached 328 mn TL, 115 mn TL and 85,6 mn TL, respectively. TTM EBITDA margin hovers around %35, Net margin is above %26, RoE is at %27 Source: 30 September 2021 Consolidated Financial Statements (*): TTM: Trailing
Slide 8: Financial Summary and Performance
Financial Summary and Performance Seasonality-adjusted TTM figures confirm the Company's operational 2018 momentum 2019 and robust 2020 profitability trends into 2021 Source: 30 September 2021 Consolidated Financial Statements (*): TTM: Trailing Twelve Months © 2021 ÜNLÜ & Co | Tüm Hakları Saklıdır.
Slide 9: Financial Summary and Performance
Financial Summary and Performance 2019 2020 Total assets reached 810 mn TL by 9A21 (+48% YoY), financial leverage normalized post the IPO, BV is at 535 mn TL by the end of this quarter Source: 30 September 2021 Consolidated Financial Statements (*): TTM: Trailing Twelve Months © 2021 ÜNLÜ & Co | Tüm
Slide 10: Financial Summary and Performance
Financial Summary and Performance Company generated 290.4 mn TL revenues from the four major business 2018 lines. 2019The admiral 2020 ship was NPL business for the quarter (and for the year). DAHA slowed down in the last quarter, but overall revenue momentum is intact (+36% YoY) (**) (**) Source: M
Slide 11: Results and Developments by Business Line
Results and Developments by Business Line
Slide 12: NPL Business
NPL Business Performance Recent Developments • Collections increased by 29% compared to the • Asset management companies (‘VYŞ’) will be exempt indefinitely from same period of 2020 and reached 106.4 mn TL stamp duty, fees and KKDF deductions(*) beginning from 1/1/2022 • PBT exceeded 27 mn TL (+38%
Slide 13: Corporate Finance
Corporate Finance Debt Capital Markets 30,7 mn TL Revenues in 2021 954 debt securities were issued in Turkey in the first 9 months of the year, 3Q21 Revenues: 7,3 mn TL totaling more than TL 185 bn. 7.5% of these issuances were from the corporates. (13 bn TL nominal, 97 issues) M&A Division Corporat
Slide 14: Advisory Services: DAHA and Fund Management
Advisory Services: DAHA and Fund Management DAHA 37,7 mn TL Revenues ▪ The design and development efforts for our custom-built mobile trading (as of 9M21) platform (as a part of our Digital Transformation Initiative) continued ▪ Our company signed a partnership aggreement with Goldman Sachs, DAHA: 3
Slide 15: Theme for the Future: Venture Capital in Turkey
Theme for the Future Venture Capital in Turkey: Our Vision, Investments and Services
Slide 16: VC Ecosystem in Turkey: Our vision, strategies, and investments
VC Ecosystem in Turkey: Our vision, strategies, and investments Our Direct and Indirect Investments VC Ecosystem in Turkey Ünlü & Co has VC investments in various forms including: 65 Accelerators, 82 Incubators, 62 Venture Capital Companies, - Investments through VC companies domiciled in Turkey 68
Slide 17: Thank You
Thank You Ahi Evran Caddesi Polaris Plaza No: 21 Kat: 1 34485 Maslak, Sarıyer - İstanbul, Türkiye T : +90 (212) 367 36 36 | F : +90 (212) 346 10 40 | E : investor.relations@unluco.com Aykut Sarıbıyık Investor Relations | Managing Director Tel : +90 (212) 367 3804 Fax : +90 (212) 346 1040 aykut.sarib
Slide 18: Appendix
Appendix
Slide 19: ÜNLÜ & Co – Pioneer in the Sector with its Entrepreneurial History
ÜNLÜ & Co – Pioneer in the Sector with its Entrepreneurial History 4 Major Business Lines: NPL, Advisory, Corporate Finance and Institutional Sales Pioneering initiatives, Reputable Name Financial Advisory M&A advisory #1 Turkey's first independent M&A Retail NPL Portfolio Management advisory firm B
Slide 20: ÜYH – Ownership Structure and Group Companies
ÜYH – Ownership Structure and Group Companies Mahmut L. ÜNLÜ Publicly Traded Employees %64,71 %7,71 %3,47 %22,93 %1,18 ÜNLÜ Yatırım Holding A.Ş. %100 %100 %32,5 %100 %100 %100 ÜNLÜ Turkish İSTANBUL Alternative Asset Alternative ÜNLÜ Menkul ÜNLÜ Portföy 212 LTD Varlık Management Investments Değerler
Slide 21: ÜNLÜ & Co and Social Responsibility
ÜNLÜ & Co and Social Responsibility ▪ ÜNLÜ & Co supports the society with sustainable philantrophic initiatives in order to create a lasting impact and change in the main themes of “entrepreneurship”, “women” and “education” ▪ In addition to certain sponsorship and support programs, ÜNLÜ & Co employ
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