Is Gayrimenkul Yatirim Ortakligi A.s. · BIST:ISGYO
Is Gayrimenkul Yatirim Ortakligi A.s — FY2022 Earnings Presentation
23 slides from Is Gayrimenkul Yatirim Ortakligi A.s's earnings presentation, March 2023
Slide 1: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 2: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 3: IS REIC
IS REIC IS REIC was established in 1999, by the strategic partnership of Isbank. • Mcap TL 10.201 mn Total Mcap of the sector is ~ TL 230 bn. • Asset Size TL 17.417 mn • Equity Size TL 13.920 mn • Real Estate Portfolio TL 15.305 mn • Rental Portfolio Size TL 12.204 mn • Rental Income for 2022 TL 374
Slide 4: Why IS REIC?
Why IS REIC? Diversified real estate portfolio Office 60%, retail 20%, projects 17% Solid & growing rental income ~TL 374 mn rental income for 2022 Financially strong tenants & long-term leases 46% of the rental income comes from İş Group Investment models with long-term leases; turn-k
Slide 5: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 6: Real Estate Portfolio Breakdown
Real Estate Portfolio Breakdown Real Estate Portolio Value Rental Portfolio mn TL Office 9.126 60% Rental Portfolio Retail 3.078 20% 12.204 80% Projects 2.612 17% Inventories 59 0,4% Land 431 3% TOTAL 15.305 100% *Inventories represent the undelivered units.Projects represent IFC, Litus Istanbul and
Slide 7: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 8: Office Portfolio
Office Portfolio Ankara İş Tower İş Towers İş Towers TUTOM Maslak Office Tower 2 Tower 3 Office Lamartine 2022 Rental TL 137 TL 35 mn TL 15 mn TL 12 mn Income mn Appraisal TL 3.918 TL 1.857 TL 1.911 TL 1.269 mn Value mn mn mn % share in office 44% 21% 21% investments Office Portfolio TL, mn Repres
Slide 9: Retail Portfolio
Retail Portfolio Kanyon Marmara Ege Perla Shopping Others Park AVM AVM Center * 2022 Rental TL 77 mn TL 81 mn TL 8 mn TL 9 mn Income Appraisal Value TL 1.400 mn TL 915 mn TL 371 mn TL 392 mn % share in retail 45% 30% 12% investments Retail Portfolio TL, mn Appraisal Value 3.078 Represent 87% of th
Slide 10: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 11: İstanbul Financial Center Project (IFC)
İstanbul Financial Center Project (IFC) Location : Atasehir, Istanbul Project type : A mixed use project (office & commercial) Estimated saleable/leasable area : ≈ 33K sqm Income Projection Estimated development cost: ≈ $ 55 mn* Estimated rental Income : $ 5 mn** *Designed by (*) Excluding land cost
Slide 12: Litus Istanbul Residential Project
Litus Istanbul Residential Project* Location : Altunizade, Istanbul Project Type: Residential project with commercial area ~𝟐 𝒌𝒎 Project Details: 6 residential blocks, 1 office block and partial commercial area • Number of Residentials: 98 ~𝟖𝟎𝟎𝐦𝐭 • Estimated saleable/leasable commercial…
Slide 13: Tuzla Residential Project
Tuzla Residential Project Project Figures: Location : Tuzla, Istanbul Land Area : ~53K Project type : Residential project comprising ~ 1.000 units Commencement of the investment : 2022 Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 14: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 15: Planned Projects
Planned Projects Ömerli Residential Project Kadıköy Hotel Project ~𝟐 𝒌𝒎 ~𝟏𝟎𝟎𝐦𝐭 ~𝟖𝟎𝟎𝐦𝐭 Location : Kadıköy, Istanbul Location : Ömerli, Istanbul Project Type: Hotel and commercial area Project Type: Residential Acquisition Date: December, 2016 Acquisition Date: February, 2022 Land…
Slide 16: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 17: Dividend Payout
Dividend Payout • According to the Dividend Policy, if the Company decides to distribute profits; “dividend must be at least 30% of the total distributable income in the form of cash or bonus share”. In the last 4 year period, the Company did not distribute cash dividend in order to optimize the c
Slide 18: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 19: Balance Sheet & Income Statement
Balance Sheet & Income Statement TL, mn 31.12.2022 TL, mn 31.12.2022 ASSETS 17.417,2 LIABILITIES 17.417,2 Current Assets 1.837,1 Short-term Liabilities 3.488,3 Non-current Assets 15.580,1 Long-term Liabilities 8,7 Equity 13.920,2 INCOME STATEMENT 31.12.2022 31.12.2021 TL, mn Sales Revenue 686,9 488,
Slide 20: Financial Debt & Cash Position
Financial Debt & Cash Position Outstanding Bank Loans Date to Maturity Loan TL mn TL Loans 3m - 6m 1.995 Bills & Bonds 6m - 1 Year 1.404 Total 3.399 Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 21: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 22: Stock Price vs. Index Performance
Stock Price vs. Index Performance Stock Price - Index Performance (%) 31.12.2022 01.01.2022 - 31.12.2022 P/BV 0,73 BIST 100 197 Avg. Trade Volume TL 243 mn XGMYO 191 ISGYO 251 Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 23: Investor Relations
Investor Relations Ayşegül Şahin Kocameşe Assistant General Manager Phone : +90 850 724 23 50 E-mail : aysegul.sahin@isgyo.com.tr Mine Kurt Yıldırım This presentation has been prepared in order to inform Assistant Manager investors. Investor Relations & Sustainability Phone : +90 850 724 23 50 Since
Is Gayrimenkul Yatirim Ortakligi A.S. (IS REIC) — FY2022 Earnings Presentation on 6ix