Halk Gayrimenkul Yatirim Ortakligi As · BIST:HLGYO
Halk Gayrimenkul Yatirim Ortakligi As — Halk Gayrimenkul Yatırım Ortaklığı A.Ş. — FY2014 Earnings Presentation
23 slides from Halk Gayrimenkul Yatirim Ortakligi As's earnings presentation, Feb 19, 2015
Slide 1: 2014 Year End Investor Presentation
2014 YEAR END INVESTOR PRESENTATION
Slide 2: About Halk GYO
ABOUT HALK GYO Halk GYO was established in 2010, that 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 31.12.2014; Halk GYO
Slide 3: Real Estate Portfolio Distribution
REAL ESTATE DISTRIBUTION OF PORTFOLIO REAL ESTATE PORTFOLIO 1.535 Million TL Buildings 30% 492,5 Million TL Lands & Projects 70% Last Appraisal Values (December 2014) Appraisal Values (Establishment) (October 2010) 3
Slide 4: Real Estate Portfolio Regional Dispersal
REAL ESTATE PORTFOLIO REGIONAL DISPERSAL Sancaktepe Land “Dedeman Park Levent “ Otel Project İstanbul “Finance Center“ Project’s Land “Referans Kocaeli Şekerpınar Bakırköy” “Operational Center” Project Project Eskişehir “Panorama Plus” Project Buildings, Lands and Projects 4
Slide 5: Real Estate Portfolio Table
REAL ESTATE PORTFOLIO TABLE Net Book Last Appraisal Values (TL) Values (TL) REAL ESTATES İstanbul Finance Center Land 261.705.522 574.633.400 Sancaktepe Land * 56.103.513 80.000.000. Kocaeli Şekerpınar Banking Operation Center Project ** 63.388.602 141.367.384 Dedeman Park Levent Hotel Project ** 63
Slide 6: Rental Income Ratios
RENTAL INCOME RATIOS Period Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Building Rent Revenue (TL) 4.073.794 6.896.228 7.000.728 6.958.874 7.053.976 7.057.301 7.065.163 7.661.113 7.550.257 7.521.320 7.370.114 7.317.772 9,2% 9,3% 9,3% 9,1% 9,0% 8,3%
Slide 7: 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 8: İstanbul 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. Halk GYO
Slide 9: Referans Bakırköy
ONGOING PROJECTS REFERANS BAKIRKÖY Referans Bakırköy Project is HalkGYO’s first residential project. The project is developed based on revenue sharing model with our Company’s 50,5 percent share from total sales revenue. The project consists of 254 residential and 73 commercial units. As of December
Slide 10: Dedeman Park Levent
ONGOING PROJECTS DEDEMAN PARK LEVENT The construction of the project has begun on our land plot in Levent. 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. When completed, it will meet the
Slide 11: Eskişehir Panorama Plus
ONGOING PROJECTS ESKİŞEHİR PANORAMA PLUS The project is currently underway in the Odunpazarı District of City of Eşkisehir, one of the fastest growing cities of Turkey. The project Panorama Plus will be a unique component in the cityscape of Eskisehir with its 18-floor high rise tower, the tallest r
Slide 12: Kocaeli Şekerpınar
ONGOING PROJECTS KOCAELİ ŞEKERPINAR Halk GYO is also carrying out an banking operational center in Şekerpınar district of Kocaeli. The project will consist of a operation center, hospitality unit, training facilities, a conference center and other facilities. In the project, the construction permits
Slide 13: Sancaktepe Residential Project
PLANNED PROJECTS SANCAKTEPE RESIDENTIAL PROJECT 98k sqm land plot in Sancaktepe district of Istanbul has been bought for TL 110.000.000 through the joint venture (50% Halk REIT / 50% Vakıf REIT) to build a residential project The land is close to transportation networks, malls, community lots and Is
Slide 14: Financial Data
FINANCIAL DATA 31.12.2014 BALANCE SHEET 31.12.2014 31.12.2013 ( TL) Current Assets 183.420.241 235.706.098 “Net Profit” Liquid Assets 46.587.030 176.357.342 increased Inventories 103.090.737 44.969.470 %95 Non-Current Assets 744.986.425 654.425.796 INCOME TABLE 01.01.2014 01.01.2013 Investment Prope
Slide 15: Distribution of Assets and Liabilities
DISTRIBUTION OF ASSETS AND LIABILITIES 31.12.2014 Distribution of Assets TL Distribution of Liabilities TL Buildings Lands and Projects Cash and Cash Equivalents Others Equities Deferred Income Financial Debts Others 928 million TL 890 million TL 928 millionTL %1 890 million TL %1 %2 %2 %7 %11 %8 %5
Slide 16: Balance Sheet Items
BALANCE SHEET ITEMS Thousand TL Y-o-Y 951.256 Assets 4% 914.836 905.535 928.406 838.951 853.944 867.935 890.131 797.936 827.793 747.182 754.010 769.176 Shareholder’s Equity 7,6% 779.029 785.355 741.360 Lands and Projects 47% 491.841 459.377 335.207 334.914 325.942 334.618 325.655 325.073 325.365 324
Slide 17: Income Statement Items
INCOME STATEMENT ITEMS TL Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 2013 2014 Change Total Revenues 8.532.067 10.052.700 11.473.735 28.455.348 13.518.983 16.366.608 18.566.116 38.159.410 58.513.850 86.611.117 48% Rent Income 7.053.976 7.057.301 7.065.163 7.661.113 7.550.257 7.5
Slide 18: Distribution of Main Income Items
DISTRIBUTION OF MAIN INCOME ITEMS (TL) Income of Residence 42.541.150 Sales Rent Revenues Financial Revenues Others 29.000.451 %67 22.513.338 %62 17.126.024 %32 13.795.605 %21 11.947.323 10.357.895 %9 8.635.549 %33 %44 %17 %60 %55 %68 %26 %18 %5 %82 %30 %38 %34 %17 %11 %31 %10 %18 %5 Q1 2013 Q2 2013
Slide 19: Distribution of Main Expense Items
DISTRIBUTION OF MAIN EXPENSE ITEMS (TL) Personal Finance 14.601.977 Amortization %3 Propert Tax 12.285.235 Cost of %3 Residence Sales %5 %11 %1 Others 10.138.236 %4 %4 %5 %3 7.906.004 %4 %58 %6 %6 %19 %63 5.360.285 %5 %1 4.328.791 4.299.496 %4 %14 4.139.338 %12 %11 %12 %11 %8 %9 %54 %9 %53 %15 %3 %6
Slide 20: Targets
TARGETS Main Targets 2015 Targets To start the construction of our towers in the “Istanbul Finance Center (IFC)” project To be one of the leaders of Turkish REIT Sector To complete the construction the 2st part (Block B) and to lease 1st part Block A of the To use our capital in the “Kocaeli Şekerpı
Slide 21: Investor Relations Contact and Disclaimer
For further information please contact; Investor Relations Address: Şerifali Çiftliği Tatlısu Mahallesi Ertuğrulgazi Sokak No:1 34774 Yukarı Dudullu - Ümraniye / İSTANBUL E-mail: ir@halkgyo.com.tr Phone: +90 216 600 10 25 DISCLAIMER The information contained in this presentation has been prepared by
Slide 22: Notes
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Slide 23: Notes
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