Unlu Yatirim Holding A.s. · BIST:UNLU
Unlu Yatirim Holding A.s — ÜNLÜ Yatırım Holding A.Ş. — H1 2023 Earnings Presentation
24 slides from Unlu Yatirim Holding A.s's earnings presentation, Aug 16, 2023
Slide 1: ÜNLÜ Yatırım Holding A.Ş. 1H23 Financial Results
ÜNLÜ Yatırım Holding A.Ş. 1H23 Financial Results Mustafa Sönmez - Director of Investor Relations Gülden Akdemir - CFO Cansu Ökten - Finance and Reporting August 2023
Slide 2: Agenda
Agenda 2023 H1 Financial Results: Key Takeaways 3 Financial Statements and Performance 4 Developments by Business Lines 11 Evaluation of 1H23 Results and Guidance for 2023 Year End 16 Appendices About ÜNLÜ & Co 20 Shareholder Structure and Group Companies 21 Social Responsibility and ÜNLÜ & Co 22 ©
Slide 3: 1H23 Results: Key Takeaways
1H23 Results: Key Takeaways TL 232,8 mn Net Profit (172% y/y) Important Themes Comprehensive Income: 261,4 mn TL ( 167% y/y) 47,2 % Return on Equity Despite the earthquake disaster that deeply affected the country and other uncertainties in Q1, and elections, the negative effects of inflation and ex
Slide 4: Financial Statements and Performance
Financial Statements and Performance
Slide 5: ÜNLÜ Yatırım Holding A.Ş. as of end of 1H23
ÜNLÜ Yatırım Holding A.Ş. as of end of 1H23 ₺ 501,3 mn ₺ 232,8 mn 91% Core Revenues 1H23 Net Profit Share of Recurring Revenues ₺ 2,237 mn ₺ 1,094 mn 47.2% Total Assets Shareholders’ Equity Return on Equity ₺ 15,3 bn ₺ 3,2 bn ₺ 432 mn ₺ 4,4 bn DAHA AuC (*) Investment Alternative NPL Portfolio Princi
Slide 6: Financial Statements and Performance
Financial Statements and Performance 2018 2019 2020 In 1H23, the Company’s Core Revenues (*) increased by 97% y/y and reached TL 501,3 mn. Comprehensive Income reached TL 261,4 mn (y/y 167%). Summary Income Statement (TL) 6M23 6M22 D YoY 2Q23 1Q23 D QoQ 6-TTM-23 3-TTM-23 D Trailing Core operating re
Slide 7: Financial Statements and Performance
Financial Statements and Performance 2018 2019 2020 1H23 Total Revenues (*) at TL 618,4 mn, EBITDA at TL 255 mn, Net Profit TL 232,8 mn (y/y 172%). EBITDA Margin reached 41%, Profit Margin 38%, and RoE 47.2%. Operational profitability 6M23 6M22 DYoY 2Q23 1Q23 D QoQ 6-TTM-23 3-TTM-23 D Trailing Exten
Slide 8: Financial Statements and Performance
Financial Statements and Performance 2018 2019 2020 Both revenues (*) and profitability reached historic highs on an annualized basis. (*) Extended Revenues = Gross Profit+ Other Operating Income (net) + Income from Investment Activities (net) (**) TTM= Trailing 12 Months © 2023 ÜNLÜ & Co | All Righ
Slide 9: Financial Statements and Performance
Financial Statements and Performance As of end of 1H23, consolidated assets reached TL 2,237 mn (y/y +102%), financial leverage increased, shareholders’ equity reached TL 1,094 mn (y/y +59%). Summary Balance Sheet (TL mn) 6M23 6M22 D YoY 12M22 D YtD 3M23 D QoQ Total Assets 2,237 1,108 102% 1,716 30%
Slide 10: Financial Statements and Performance
Financial Statements and Performance Revenues from 4 main business lines reached TL 501,3 mn by end2018 of H1 (y/y2019 +97%). The2020 admiral ship for the period was the NPL business line. Investment Advisory and Treasury’s contribution to revenues continued to increase. Revenues by Business Line (T
Slide 11: Developments by Business Lines
Developments by Business Lines
Slide 12: NPL Business Line
NPL Business Line NPL Sector 1H23 Collections: TL 199.6 mn 2020 (Pandemic) :Total TL 1,6 bn (principal) NPL sales 2021: TL 5,1 bn (Specifically 2nd half of the year), 2022: TL 6,3 bn NPL Business Line Performance 1H2023: TL 4,1 bn 1H2023 average NPL sales price: 27.8% (2022: 18.9%) Total investments
Slide 13: Corporate Finance Business Line
Corporate Finance Business Line Transactions in First Half 1H23 Revenues: TL 43,9 mn (y/y 107%) The sale of Korsini to the American Multi-Color Corporation 1H22 Revenues: TL 21,2 mn TL was completed. CF Revenues Buy-Side advisory in acquisition of Tunay Gıda's majority stake by Gat Foods IBBL. M&A D
Slide 14: Investment Advisory: DAHA and Fund Management
Investment Advisory: DAHA and Fund Management DAHA 1H23 Revenues:TL 122,5 mn Thanks to our new mobile application «Piapiri», which we designed in line with our Digitalization Strategy, our customer onboarding from digital channels accelerated and 80% of DAHA:TL 111,4 mn (y/y +135%) the accounts open
Slide 15: Institutional Sales Business Line
Institutional Sales Business Line 1H23 Revenues: TL 45,1 mn Performance of the Business Line 1H23 revenues increased by 71% y/y to TL 43,6 mio. Recurring Revenues : TL 43,6 mn (y/y +71%) The share of recurring revenues continued to increase in the first half Other Revenues(*): TL 1,5 mn of 2023. (*)
Slide 16: Evaluation of 1H23 Results and Our Guidance for 2023 Year End
Evaluation of 1H23 Results and Our Guidance for 2023 Year End
Slide 17: Evaluation of 1H23 Results
Evaluation of 1H23 Results Core revenues above TL 500 mn Core revenues in H1 increased by 97% y/y with a total of TL 501,3 mn. Net profit above TL 230 mn Net profit in 1H23 is TL 232,8 mn. All business lines contributed evenly. The share of our recurring revenues in H1 increased As of the end of H1,
Slide 18: Guidance for 2023 Year End
Guidance for 2023 Year End Goal and Projection Status as of H1 2023 Year-end Target Considering our strong performance in the first half and the continuing Extended Revenues in 2023 TL 618,4 mn momentum in all business lines, we expect our consolidated extended revenues for 2023 year end to exceed T
Slide 19: Appendices
Appendices
Slide 20: 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 DAHA #1 Turkey’s first independent M&A Corporate Finance advisory firm NPL and Investment M&A Advisory
Slide 21: 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 PubliclyTraded Other 64,71% 7,71% 26,43% 1,15% %100 %100 %32,5 %100 %4,75 %100 %100 %100 ÜNLÜ Turkish ÜNLÜ Ünlü LT Yazılım ve İSTANBUL Alternative Asset Alternative 212 Investments ÜNLÜ Menkul ÜNLÜ Portföy
Slide 22: 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 23: Disclaimer
Disclaimer This presentation or report has been prepared by ÜNLÜ Yatırım Holding A.Ş. and its affiliates («ÜNLÜ & Co») for information purposes and the information in its content must be considered strictly confidential. It cannot be partially or completely reproduced, copied, used for any other pur
Slide 24: Thank you
Thank you Ahi Evran Cad. Polaris Plaza No: 21 İç Kapı No: 11 34485 Maslak, Sarıyer - İstanbul, Türkiye T : +90 (212) 367 36 36 | F : +90 (212) 346 10 40 | E : investor.relations@unluco.com Investor Relations © 2023 ÜNLÜ & Co | All Rights Reserved 24
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