Is Gayrimenkul Yatirim Ortakligi A.s. · BIST:ISGYO

Is Gayrimenkul Yatirim Ortakligi A.s — Investor Presentation (June 2020)

23 slides from Is Gayrimenkul Yatirim Ortakligi A.s's investor presentation, Jun 30, 2020

  1. Slide 1: IS GYO

    IS G¥O

  2. Slide 2: Is Real Estate Investment Company Investor Presentation

    IS REAL ESTATE INVESTMENT COMPANY Investor Presentation 30.06.2020

  3. Slide 3: IS REIC

    IS REIC IS REIC was established in 1999, by the strategic partnership of Isbank. • Mcap TL 1.870 mn Total Mcap size of the sector is TL 36 bn. • Asset Size TL 5.123 mn • Equity Size TL 3.848 mn • Real Estate Portfolio TL 4.617 mn • Rental Portfolio Size TL 3.755 mn • Rental Income for 1H2020 TL 104

  4. Slide 4: Why IS REIC?

    Why IS REIC?  Diversified real estate portfolio  Balanced exposure in office, retail and residential sector  Office 55%, retail 26%  Solid & growing rental income  ~TL 104 mn rental income for 1H2020.  Financially strong tenants & long-term leases  58% of the rental income comes from İş Group

  5. Slide 5: Portfolio

    ISGYO PORTFOLIO

  6. Slide 6: Real Estate Portfolio Breakdown

    Real Estate Portfolio Breakdown Real Estate Portolio Value mn TL Office 2.546 55% Rental Portfolio Retail 1.209 26% 3.755 81% Inventories 351 8% Projects 278 6% Land 234 5% 4.618 100% TOTAL *Inventories represent the undelivered units in Ege Perla, Manzara Adalar and Inistanbul Residentials. Project

  7. Slide 7: Rental Portfolio

    RENTAL PORTFOLIO

  8. Slide 8: Office Portfolio

    Office Portfolio Ankara İş Tower İş Towers İş Towers TUTOM Maslak Office Tower 2 Tower 3 Office Lamartine 1H2020 TL 50,9 TL 12,5 TL 5,3 Rental TL 4,1 mn mn mn mn Income Appraisal TL 1.198 TL 510 TL 515 TL 324 mn Value mn mn mn % share in 39% 47% 17% 20% 16% 20% 10% office investments Office Portfoli

  9. Slide 9: Retail Portfolio

    Retail Portfolio Marmara Kanyon Ege Perla Park Shopping Shopping The Others Shopping Center Center Center 1H2020 Rental TL 12 mn TL 1,6 mn TL 15 mn TL 2,4 mn Income Appraisal Value TL 615 mn TL 270 mn TL 202 mn TL 122 mn 49% 51% 22% 22% 16% 17%  Represent 90% of the total retail investments. (TL 1.

  10. Slide 10: Growth of the Rental Income

    Growth of the Rental Income *Estimated 9

  11. Slide 11: Projects Under Development

    PROJECTS UNDER DEVELOPMENT

  12. Slide 12: İnistanbul Residential Project

    İnistanbul Residential Project Location : Topkapı, Istanbul Investment model: A joint venture between İş GYO and NEF (50-50%) Total development cost* : TL1,2 bn Total saleable area*: ≈ 250.000 sqm Income Projection Total sales revenues* : almost TL 1.540 mn Number of units: 2.741** Designed by (*)To

  13. Slide 13: İstanbul Financial Center Project (IFC)

    İstanbul Financial Center Project (IFC) Location : Atasehir, Istanbul Project type : A mixed use project (office & commercial) Estimated saleable/leasable area : ≈ 33.000 sqm Income Projection Estimated development cost: TL380 mn* Estimated rental Income : TL 45-50 mn *Designed by (*) Excluding fina

  14. Slide 14: Planned Projects

    PLANNED PROJECTS

  15. Slide 15: Planned Projects: Kadıköy Hotel and Tuzla Residential

    Planned Projects  Kadıköy Hotel Project  Tuzla Residential Project ~𝟐 𝒌𝒎 ~𝟏𝟎𝟎𝐦𝐭 Tepe Nautilus ~𝟖𝟎𝟎𝐦𝐭 Location : Kadikoy, Istanbul Location : Tuzla, Istanbul Project Type: Hotel and commercial area Acquisition date: January, 2016 Acquisition Date: December, 2016 Land Area: 53.460 sqm…

  16. Slide 16: Dividend Payout

    DIVIDEND PAYOUT

  17. Slide 17: Dividend Payout

    Dividend Payout • According to the Dividend Policy, if the Company decides to distribute profits; “dividend must be at least 30% of the total distributable income in the form of cash or bonus share”.  In the last 15 year period, except for 2006, 2018 and 2019 ISGYO distributed cash dividend to shar

  18. Slide 18: Financials & Financial Ratios

    FINANCIALS & FINANCIAL RATIOS

  19. Slide 19: Balance Sheet & Income Statement

    Balance Sheet & Income Statement TL, mn 30.06.2020 TL, mn 30.06.2020 ASSETS 5.123,2 LIABILITIES 5.123,2 Current Assets 658,9 Short-term Liabilities 971,8 Long-term Assets 4.464,4 Long-term Liabilities 303,1 Shareholders' Equity 3.848,3 INCOME STATEMENT Jan.-Jun Jan.-Jun. (TL, mn) 2020 2019 Sales Rev

  20. Slide 20: Financial Debt & Cash Position

    Financial Debt & Cash Position Outstanding Loan Original Amount Outstanding Loan Bank Loans (TL mn) Date to Maturity TL mn Dolar Loan $31,3 3 years 214 TL Loans 505 1 year-3 years 505 Total 719 Bonds &Bills Original Amount (mn TL) Total 399 16

  21. Slide 21: Stock Performance

    STOCK PERFORMANCE

  22. Slide 22: Stock Price vs. Index Performance

    Stock Price vs. Index Performance Stock Price & Index Performance (%) 1H2020 2019 1H2020 ISGYO BIST 100 2 25 P/BV 0,49 XGMYO 24 42 Avr. Trade Volume TL 137 mn ISGYO 11 63 17

  23. Slide 23: Investor Relations

    Investor Relations Ayşegül Şahin Kocameşe Head Financial Reporting & Investor Relations Phone : +90 850 724 23 50 E-mail : aysegul.sahin@isgyo.com.tr This presentation has been prepared in order to inform Simay Ağaçdiken investors. Senior Assistant Specialist Investor Relations Since the presentatio

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