Halk Gayrimenkul Yatirim Ortakligi As · BIST:HLGYO
Halk Gayrimenkul Yatirim Ortakligi As — Halk Gayrimenkul Yatırım Ortaklığı A.Ş. (Halk GYO) — Investor Presentation (2023)
25 slides from Halk Gayrimenkul Yatirim Ortakligi As's investor presentation, 2023
Slide 1: Investor Presentation 2023
TUN \VHALKGYO INVESTOR PRESENTATION 2023
Slide 2: About Halk GYO
1 ABOUT HALK GYO Halk GYO, was established in 2010, invests in real estates, real estate projects, real estate based rights and capital market instruments. Halk GYO completed its IPO in February 2013 and is trading on the Borsa Istanbul -BIST with the code “HLGYO” As of December 31, 2023; Halk G
Slide 3: Real Estate Portfolio Distribution
2 REAL ESTATE DISTRIBUTION OF PORTFOLIO PORTFOLIO TL 25.8 Billion Lands 10% Buildings TL 492.5 Million 90% December 2023 Establishment Investor Relations
Slide 4: Real Estate Portfolio Regional Dispersal
3 REAL ESTATE PORTFOLIO İstanbul «Salıpazarı Hotel» REGIONAL DISPERSAL «Beykoz Lands» İstanbul İstanbul “Bizimtepe Aydos” “Levent Hotel” İstanbul Financial Center «Paye Sakarya» «Halk Towers» Kocaeli İstanbul “Şekerpınar Office Buildings” “Referans Bakırköy» Kocaeli “Dilovası Modern Industrial Park”
Slide 5: Real Estate Portfolio
4 REAL ESTATE PORTFOLIO 1 It is the approximate value of our *December 2023 LANDS Current Status Fair Value (TL) Company's share of the total appraisal Antalya Land Land (empty) - 618,541,052 value of the project, which is incomplete as Beykoz Land Land (empty) - 298,488,901 of December 2023. It is
Slide 6: Rental Income - Rate of Return
5 RENTAL INCOME - RATE OF RETURN 3.7% 587 Rental Rate of Return 3% Ratio Building Rental Income/ Last 212 Appraisal Value of Leased Buildings 2022 2023 Rent Income (Million TL) Investor Relations
Slide 7: Completed Projects: Ataşehir Finance Tower
6 COMPLETED PROJECTS ATAŞEHİR FINANCE TOWER In 2012, we acquired this 23-floor class A office tower located near the İstanbul Financial Center Project while it was under construction. Being in Batı Ataşehir district, which is one of the closest areas to İstanbul Financial Center, Ataşehir Finance To
Slide 8: Completed Projects: Referans Bakırköy
7 COMPLETED PROJECTS REFERANS BAKIRKÖY Referans Bakırköy is Halk GYO’s first residential project. The project is developed based on a revenue sharing model in which our Company’s share is 50.5 percent. The project which carried out together with Biskon Yapı A.Ş., an association of Kiler Holding, has
Slide 9: Completed Projects: İstanbul Levent Hotel
8 COMPLETED PROJECTS İSTANBUL LEVENT HOTEL İstanbul Levent Hotel is the first hospitality project in Halk GYO’s portfolio. It meets the much felt need for business hotels on Mecidiyeköy-Maslak line, Istanbul. Levent Hotel has been open since July, 2015. The project is aimed to be an environmentally
Slide 10: Completed Projects: Eskişehir Panorama Plus
9 COMPLETED PROJECTS ESKİŞEHİR PANORAMA PLUS The project located in Odunpazarı-Eskişehir, developed on an area of 9,811 sqm and covers 102 independent units consists 97 residential and 5 commercial units. The Project was completed in 2015 and all of the project was sold. Panorama Plus is the first p
Slide 11: Completed Projects: Şekerpınar Banking Center
10 COMPLETED PROJECTS ŞEKERPINAR BANKING CENTER Şekerpınar Banking Center which developed on our Şekerpınar-Kocaeli land which was purchased in September 2012, has an usage area of approximately 9k sqm. Project was completed in 2015 and leased in April of the same year. Center is aimed to be an envi
Slide 12: Completed Projects: Halk Office Şekerpınar
11 COMPLETED PROJECTS HALK OFFICE ŞEKERPINAR Halk Office Şekerpınar located on our Şekerpınar- Kocaeli land which was purchased in September 2012, has an usage area of approximately 53k sqm. Halk Office Şekerpınar was sold in May 2023 for a price of TL 210 million (+VAT) Real Estate Information City
Slide 13: Completed Projects: Bizimtepe Aydos
12 COMPLETED PROJECTS BİZİMTEPE AYDOS The Project will constructed through joint venture with Vakıf REIT. It is located on Sancaktepe, one of the most developing and popular districts of Istanbul. On the 95k sqm land, after leaving 90% of it for landscape the Project comprises 1085 independent units
Slide 14: Completed Projects: Şehristan Residential
13 COMPLETED PROJECTS ŞEHRİSTAN RESIDENTIAL The land in Erzurum/Yakutiye, of which prior proprietor was Er Konut, added into portfolio to develop a residential Project in April 2016. The project, developed through Halk GYO-Er Konut “Ordinary Partnership” land of approximately 24k sqm, comprises 13 b
Slide 15: Completed Projects: Salıpazarı Hotel
14 COMPLETED PROJECTS SALIPAZARI HOTEL Following the completion of the renovation, Salıpazarı Building started to serve as a hotel in 2018. Real Estate Information City : İstanbul District : Beyoğlu / Salıpazarı Appraisal Value : TL 741 million Rent Value (9 months) : TL 29.6 million Investor Relati
Slide 16: Ongoing Projects: Istanbul Financial Center Halk Towers
15 ONGOING PROJECTS iSTANBUL FINANCIAL CENTER «HALK TOWERS» Our company, as one of the biggest stakeholders of the Istanbul Finance Center Project (IFM) carried out under the coordination of the Ministry of Environment, Urbanization and Climate Change, is building two towers with 46 (A Block) and 34
Slide 17: Ongoing Projects: Evora İzmir
16 ONGOING PROJECTS EVORA İZMİR “Teknik Yapı – Halk GYO Joint Venture” has been established providing all profits, liability and revenue to be divided equally with Teknik Yapı A.Ş., the winner of the Revenue Sharing Model Project in Return for Land Sale Tender, made by Emlak Konut GYO A.Ş. İn 2017,
Slide 18: Ongoing Projects: Dilovası Modern Industrial Park
17 ONGOING PROJECTS DİLOVASI MODERN INDUSTRIAL PARK In September 2022, The building construction licenses were obtained for the project, which was realized as a result of the revenue sharing agreement in return for land sales at the rate of 47% (Marmara Metal) - 53% (Halk Yapı - our company's 100% s
Slide 19: Ongoing Projects: Paye Sakarya
18 ONGOING PROJECTS PAYE SAKARYA Paye Sakarya Project, which was implemented within the framework of the "Cooperation Protocol" signed in December 2021 between the Company and other 3rd party, consists of 426 residences and 34 commercial units of different scales on a total land of 60,000 sqm. Our p
Slide 20: Financial Data
19 FINANCIAL DATA TL – BALANCE SHEET 31.12.2022 31.12.2023 01.01.2022 01.01.2023 INCOME STATEMENT -TL 31.12.2022 31.12.2023 Current Assets 2,334,121,839 3,636,328,780 Revenues 314,103,787 1,578,642,915 Liquid Assets 782,648,063 72,796,501 Revenues from the sale of Inventories 1,154,296,366 2,955,929
Slide 21: Balance Sheet Items
21 BALANCE SHEET ITEMS Billion TL 28 2022 2023 24,4 20 17,5 Toplam Assets Equity Million TL Net Profit 7.057 2.585 2022 2023 Investor Relations
Slide 22: Distribution of Assets and Liabilities
20 DISTRIBUTION OF ASSETS AND LIABILITIES DISTRIBUTION OF ASSETS TL DISTRIBUTION OF LIABILITIES TL Equities Deferred Income Financial Debts Other Buildings Lands & Projects Cash and Cash Equivalents Other 24,390,715,825 28,072,224,715 24,390,715,825 28,072,224,715 %83 %71,5 %72 %44 %33 %14 %9 %8 %12
Slide 23: Distribution of Main Income Items
23 DISTRIBUTION OF MAIN INCOME ITEMS Increase in Value of Investment 7,432,533,618 TL 4,305,646,124 TL Properties 1% 3% Proceeds from the 1% 0,3% 2% sale of investment properties 9% 11% 3% Net Monetary Position Gains / (Losses) 52% Rent Income 14% 86% Financial Income Project 22% Consultancy Income
Slide 24: Distribution of Main Expense Items
24 DISTRIBUTION OF MAIN EXPENSE ITEMS TL 375,118,043 TL 1,720,605,100 Cost of House/ Real Estate Sales 25% 13% General Administrative Expenses 36% 48% Marketing & Selling Expenses 12% 31% Financial 19% 4% Expenses 7% 5% Other 2022 2023 Investor Relations
Slide 25: For further information please contact; Investor Relations
26 For further information please contact; Investor Relations ir@halkgyo.com.tr DISCLAIMER The information contained in this presentation has been prepared by Halk Gayrimenkul Yatırım Ortaklığı A,Ş, -Halk GYO for informational purposes only, Although the information in this presentation has been obt
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