Unlu Yatirim Holding A.s. · BIST:UNLU
Unlu Yatirim Holding A.s — ÜNLÜ Yatırım Holding A.Ş. — 9M22 Earnings Presentation
22 slides from Unlu Yatirim Holding A.s's earnings presentation, November 2022
Slide 1: 9M22 Financial Results
ÜNLÜ Yatırım Holding A.Ş. 9M22 Financial Results Aykut Sarıbıyık – CFO Cansu Ökten – Finance and Reporting November 2022
Slide 2: Agenda
Agenda First 9 Months of 2022: Key Takeaways 3 Financial Statements and Performance 4 Developments by Business Lines 11 Guidance for 2022: Revisions and New Targets 16 Appendices About ÜNLÜ & Co 19 Shareholder Structure and Group Companies 20 Social Responsibility and ÜNLÜ & Co 21 © 2022 ÜNLÜ & Co |
Slide 3: 9M22 Results: Key Takeaways
9M22 Results: Key Takeaways 166.6 mn TL Net Profit (365% y/y) %32.7 Return on Equity 9M22 Comprehensive Income: 182.3 mn TL (324% y/y) 18.9 pps increase compared to the same period of the previous year Important Themes 3Q22 has been historically the best quarter for the company in terms of revenues,
Slide 4: Financial Statements and Performance
Financial Statements and Performance
Slide 5: ÜNLÜ Yatırım Holding A.Ş. as of 9M22
ÜNLÜ Yatırım Holding A.Ş. as of 9M22 454.0 mn TL 81.0 mn TL 89% Core Revenues 3Q22 Profit Share of Recurring Revenues 1,389 mn TL 772 mn TL 34.6% (*) Total Assets Shareholders’ Equity Trailing-12-months Return on Equity 9.4 bn TL 1.7 bn TL 340 mn TL 4.2 bn TL DAHA AuC (**) Investment Alternative NPL
Slide 6: Financial Statements and Performance: Core Revenues
Financial Statements and Performance 2018 2019 2020 As of the end of September, the company’s Core Revenues (*) increased by 129% y/y and reached 454.0 mn TL. Comprehensive income reached 182.5 mn TL (324% y/y). Source: September 30, 2022 Consolidated Financial Statements (*): Core Revenues = Gross
Slide 7: Financial Statements and Performance: Revenues, EBITDA, Net Profit
Financial Statements and Performance 2018 2019 2020 First 9 months Revenues at (*) 510.6 mn TL, EBITDA at 209.5 mn TL, Net Profit at 166.6 mn TL (365% y/y ). EBITDA Margin reached 41%, Profit Margin improved to 33% and RoE exceeded 32%. Source: September 30, 2022 Consolidated Financial Statements (*
Slide 8: Financial Statements and Performance: Trailing 12-Month Figures
Financial Statements and Performance Looking at the 12-month trailing figures as the precursor of our year-end 2018 targets, 2019 both revenues 2020 (*) and NI have reached respective historical highs. (TTM Revenues: 634.1 mn TL, TTM PL: 210.4 mn TL) (*): Extended Revenues = Gross Profit+ Other Oper
Slide 9: Financial Statements and Performance: Assets and Book Value
Financial Statements and Performance 2019 2020 As of 9M22 consolidated assets reached 1,389 mn TL (72% y/y), financial leverage increased, BV reached 772 mn TL (44% y/y). Source: September 30, 2022 Consolidated Financial Statements (*): Cash and Cash Equivalent Assets:: Cash+ Short term financial as
Slide 10: Financial Statements and Performance: Core Revenues by Business
Financial Statements and Performance Core Revenues reached 454.0 mn TL as of 9M22 (129% y/y). The admiral 2018 ship2019 have been2020 the NPL Business. Ever-increasing contributions of the retail brokerage business should be emphasized. Source: September 30, 2022 Consolidated Financial Statements (*
Slide 11: Developments by Business Lines
Developments by Business Lines
Slide 12: NPL Business Line
NPL Business Line NPL Sector Collections as of 9M: 208.5mn TL NPL sales of the banks in 2020 (Pandemic): 1.6 bn TL 2021: 5.1 bn TL (Specifically second half of the year) 9M22: 4.5 bn TL NPL Busines Line Performance Average cost of NPL portfolio so far: 16.3 cents (2021: 14.1) Total investments in 9M
Slide 13: Corporate Finance Business Line
Corporate Finance Business Line First 9 months of the year 9M22 Revenues : 41.3 mn TL The IPO of Hitit Bilgisayar was successfully completed. (IPO size: 431 mn TL) (34% y/y) Elba Bant’s sale to the private equity fund Mediterra was SOA Gelirler: 51,4 mn TL CF Revenues completed. 60% of Dalaman Airpo
Slide 14: Investment Advisory: DAHA and Fund Management
Investment Advisory: DAHA and Fund Management DAHA 9M22 Revenues: 103.7 mn TL Transformation efforts. Our new mobile app Piapiri has been launched in October as part of our Digital On-line and remote account opening project has also been completed and Ünlü Menkul DAHA: 88.3 mn TL (y/y +168%) Değerle
Slide 15: Institutional Sales Business Line
Institutional Sales Business Line 9M22 Revenues: 54.5 mn TL Performance of the Business Line Recurring Revenues: 47.9 mn TL (y/y +172%) Institutional Sales revenue in 3Q22, increased by 47% compared to previous quarter and reached 22.4 mn TL. Diversity in business lines Other Revenues(*): 6.6 mn TL
Slide 16: Guidance for 2022: Revisions and New Targets
Guidance for 2022: Revisions and New Targets
Slide 17: Guidance for 2022: Our Vision, Expectations and Targets
Guidance for 2022: Our Vision, Expectations and Targets Key Performance Indicator Previous Guidance New Guidance Considering our high performance in the first 9 months and the 450 mn TL Core revenues in 2022 continuing momentum in all business lines, we revise our consolidated revenues target for 20
Slide 18: Appendices
Appendices
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, Investment Advisory, Corporate Finance and Institutional Sales Pioneering initiatives, Reputable Name #1 Turkey’s first independent M&A DAHA Corporate Finance advisory firm NPL And Investment M&A Advisory
Slide 20: ÜNLÜ Yatırım Holding A.Ş – Ownership and Group Structure
ÜNLÜ Yatırım Holding A.Ş – Ownership and Group Structure Mahmut L. ÜNLÜ The Wellcome Trust Ltd Publicly Traded Other 64.71% 7.71% 26.30% 1.28% 100% 100% 32.5% 100% 4.75% 100% 100% 100% ÜNLÜ Turkish ÜNLÜ Ünlü LT İSTANBUL Alternative Asset Alternative 212 Teknoloji Investments ÜNLÜ Menkul ÜNLÜ Portföy
Slide 21: Social Responsibility
Social Responsibility ÜNLÜ & Co supports sustainable initiatives in order to create lasting impact and transformation in the following fields: Entrepreneurship, women and education. In addition to sponsorships, ÜNLÜ & Co employees are actively involved in social responsibility projects. They ded
Slide 22: 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
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