Halk Gayrimenkul Yatirim Ortakligi As · BIST:HLGYO
Halk Gayrimenkul Yatirim Ortakligi As — Halk Gayrimenkul Yatırım Ortaklığı A.Ş. — Q1 2013 Earnings Presentation
16 slides from Halk Gayrimenkul Yatirim Ortakligi As's earnings presentation, May 16, 2013
Slide 1: Investing in the Future – 2013 Q1 Investor Presentation
INVESTING IN THE FUTURE 2013 Q1 INVESTOR PRESENTATION
Slide 2: Halk GYO overview, shareholder structure, portfolio and main financials
Halk GYO A.Ş., was established in 2010, that invests in real estates, real estate based rights, real estate projects and capital market instruments. Halk GYO completed its IPO in February 2013 and is trading on the Istanbul Stock Exchange with code “HLGYO” SHAREHOLDER STRUCTURE REAL ESTATE PORTFOLIO
Slide 3: Real Estate Portfolio Distribution
REAL ESTATE DISTRIBUTION OF PORTFOLIO REAL ESTATE PORTFOLIO 1.080 MillionTL Buildings Projects 39% 13,4% Buildings 39,3% 492,5 Million TL Lands 47,3% Lands & Projects 61% Last Appraisal Values Establishment (October 2010) *Appraisal Values of Real Estates are used. 3
Slide 4: Halk GYO Real Estate Portfolio Regional Dispersal
HALK GYO REAL ESTATE PORTFOLIO REGIONAL DISPERSAL Dedeman Park Levent Otel İstanbul Finance Center Referans Bakırköy Kocaeli Şekerpınar Residential Project Eskişehir Residences Buildings, Lands and Projects 4
Slide 5: Balance Sheet Items
BALANCE SHEET ITEMS Thousand TL Y-o-Y 838.951 Assets 24,7% Shareholder’s Equity 44,7% 672.771 672.434 679.653 679.034 741.360 512.210 515.764 519.173 521.317 335.868 336.074 335.497 335.793 335.207 Buildings 0% Lands and 6,6% 303.414 311.855 Projects 292.684 293.107 308.269 93.406 94.202 Financial -
Slide 6: Income Statement Items
INCOME STATEMENT ITEMS TL Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Sales 4.089.048 6.896.228 7.000.728 6.958.874 7.053.976 Rent Income 4.073.794 6.896.228 7.000.728 6.958.874 7.053.976 Other Income 15.254 0 0 0 0 Cost of Sales -157.939 -781.179 -553.828 -495.825 -314.235 Gross Profit 3.931.109 6.115.
Slide 7: Distribution of Main Income Items
DISTRIBUTION OF MAIN INCOME ITEMS 4.524.610 7.591.530 7.481.156 7.243.188 8.635.549 Rent 82% 90% 91% 94% 96% Finance Other 18% 10% 9% 6% 4% Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 7
Slide 8: Distribution of Main Expense Items
DISTRIBUTION OF MAIN EXPENSE ITEMS 1.566.081 4.036.981 4.071.786 5.099.937 5.360.285 Personnel 12% 15% 15% 12% 25% 0% 11% 5% 4% 7% 7% 7% Property Tax 0% 8% 9% Amortization 54% 35% Finance 55% 59% 56% 1% Advertisement 13% 1% 30% 1% Other 2% 17% 15% 14% 11% Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 8
Slide 9: Rental Income Ratios
RENTAL INCOME RATIOS 8,34% 8,30% 8,42% 8,21% 7,77% 6,68% 6,75% 6,85% 6,56% 6,65% Rent Income/ Buildings Book Value Rent Income/ Buildings Last Appraisal Value Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 9
Slide 10: Istanbul Finance Center
ONGOING PROJECTS İSTANBUL FINANCE CENTER As Halk GYO, we are one of the major stakeholders of the Istanbul International Finance Center Project where we will build two office towers, one with 46 floors and the other with 34 floors. The project also comprises 3 buildings each with 8 floors. The Istan
Slide 11: Dedeman Park Levent
ONGOING PROJECTS DEDEMAN PARK LEVENT The construction of the Project has begun on our land plot in Levent and will be completed in 2014. It will be the first hospitality project on Halk GYO’s portfolio.The project will become one of the finest examples of urban hotels in Levent area in İstanbul. Whe
Slide 12: Referans Bakırköy
ONGOING PROJECTS REFERANS BAKIRKÖY Referans Bakırköy Project, developed based on revenue sharing model, is HalkGYO’s first residential project. The project is currently underway with the partnership of Biskon Yapı, an affiliate of Kiler Holding, and is rising on one of the last remaining vacant land
Slide 13: Eskişehir Odunpazarı
ONGOING PROJECTS ESKİŞEHİR ODUNPAZARI The project is currently underway in the Odunpazarı District of City of Eşkisehir, one of the fastest growing cities of Turkey. The project will be constructed on a land plot with a total area of some 10,000 s.q.m. with 120 residential units. While the project i
Slide 14: Kocaeli Şekerpınar
ONGOING PROJECTS KOCAELİ ŞEKERPINAR HalkGYO is also carrying out a data center and banking center in Şekerpınar district of Kocaeli on a site of 15,600 sq.m.. The project will consist of a data center, hospitality unit, training facilities, a conference center and other facilities. An agreement has
Slide 15: Halkbank Finance Tower
COMPLETED PROJECTS HALKBANK FINANCE TOWER In 2012, we acquired this 23-floor Class A office tower located near the Istanbul Finance Center Project while it was under construction. The tower is leased to Halkbank for four years. Due to its premium location, this acquisition has already increased our
Slide 16: For further information please contact
For further information please contact; Investor Relations Address: Şerifali Çiftliği Tatlısu Mahallesi Ertuğrulgazi Sokak No:1 34774 Yukarı Dudullu - Ümraniye / İSTANBUL E-mail: ugur.guney@halkgyo.com.tr Phone: +90 216 600 10 25 DISCLAIMER The information contained in this presentation has been pre
Halk Gayrimenkul Yatırım Ortaklığı A.Ş. — Q1 2013 Earnings Presentation on 6ix