Is Gayrimenkul Yatirim Ortakligi A.s. · BIST:ISGYO

Is Gayrimenkul Yatirim Ortakligi A.s — Investor Presentation (December 2018)

27 slides from Is Gayrimenkul Yatirim Ortakligi A.s's investor presentation, Dec 31, 2018

  1. Slide 1: IS GYO

    IS G¥O

  2. Slide 2: Is Real Estate Investment Company 31.12.2018

    IS REAL ESTATE INVESTMENT COMPANY 31.12.2018

  3. Slide 3: ISGYO

    ISGYO  Established in 1999, by the strategic partnership of Isbank. As of 31.12.2018;  Total asset size; TL 5.222 mn.  Mcap TL 1.035 mn representing 5,6% of the sector. SECTOR MCAP Ownership breakdown of the Capital OTHER 36,8% REICS 47,4% TL 17.349 IS REIC mn 15,8% TL 1.035 mn Isbank Other Isban

  4. Slide 4: Why ISGYO?

    WHY ISGYO?

  5. Slide 5: Why ISGYO?

    Why ISGYO?  Diversified real estate portfolio  Balanced exposure in office, retail and residential sector  Office 56%, retail 24% and projects 9%  Solid & growing rental income  TL 217 mn annual rental income for 2018  Financially strong tenants & long-term leases  53% of the rental income co

  6. Slide 6: ISGYO Portfolio

    ISGYO PORTFOLIO isgyo.com.tr

  7. Slide 7: Real Estate Portfolio Breakdown

    Real Estate Portfolio Breakdown Real Estate Portfolio TL mn Office 2.737 Retail 1.171 Projects 428 Inventories* 289 Land 226 Hotel 27 TOTAL 4.877 *Inventories include offices and residential units on sale in Ege Perla and residentials on sale in Manzara Adalar. **11% of the real estate portfolio is

  8. Slide 8: Rent Generating Assets

    RENT GENERATING ASSETS \ at isgyo.com.tr

  9. Slide 9: Office Portfolio

    Office Portfolio İş İş TUTOM Towers Towers Tuzla  Represent 82% of the total office Office investments. (TL 2.238 mn) Tower 2 Tower 3  Represent 93% of the total office Rental TL 76,4 TL 27,3 TL 6,5 TL 17.7 rental income. (TL 128 mn) income mn mn mn mn Appraisal TL 1.077 TL 455 TL 445 TL 261 Value

  10. Slide 10: Retail Portfolio

    Retail Portfolio Marmara Kanyon Ege Perla Park  Represent 87% of the total retail Shopping Shopping Center Center Shopping investments. (TL 1.015 mn) Center  Represent 91% of the total retail rental income. (TL 68 mn) Rental TL 38,8 mn TL 7,4 mn TL 21,8 mn Income  Kanyon represents 52% of the tot

  11. Slide 11: Projects Under Development

    PROJECTS UNDER DEVELOPMENT isgyo.com.tr

  12. Slide 12: İnistanbul Residential Project

    İnistanbul Residential Project Location : Topkapı, Istanbul Investment model: A joint venture between İş GYO and NEF (50-50%) Total development cost* : TL1,2 bn Total saleable area*: ≈ 250.000 sqm Designed by Income Projection Number of units ≈ 2.724** Total sales revenues* : TL 1,6 bn Presales rati

  13. Slide 13: İstanbul Financial Center Project (IFC)

    İstanbul Financial Center Project (IFC) Location : Atasehir, Istanbul Project type : A mixed use project (office & commercial) Estimated development cost: TL270-280 mn Estimated saleable/leasable area : ≈ 33.000 sqm Income Projection Estimated rental Income : TL 45-50 mn *Designed by 8

  14. Slide 14: Pipeline Projects

    PIPELINE PROJECTS © +c ey 9 mn et Ye) Ma Co isgyo.com.tr

  15. Slide 15: Kadıköy Hotel Project

    Kadıköy Hotel Project ~𝟐 km ~𝟏𝟎𝟎𝐦𝐭 Tepe Nautilus ~𝟖𝟎𝟎𝐦𝐭 Location : Kadikoy, Istanbul Acquisition date: December, 2016 Project Land Area: 8.293 sqm Investment Model: ISGYO has 45% share in the project 12 Project type: Hotel and commercial area

  16. Slide 16: Tuzla Residential Project

    Tuzla Residential Project ~𝟐 km ~𝟖𝟎𝟎𝐦𝐭 Location : Tuzla, Istanbul Acquisition date: January, 2016 Project Land Area: 53.460 sqm (*) The project has been postponed due to the current conjuncture. 13

  17. Slide 17: Dividend Payout

    DIVIDEND PAYOUT isgyo.com.tr

  18. Slide 18: Dividend Payout

    Dividend Payout • ISGYO’s policy(*): “dividend must be at least 30% of the total distributable income in the form of cash or bonus share”.  In the last 13 year period, except for only 2006, ISGYO distributed cash dividend to shareholders.  ISGYO trades on BIST Dividend Index and BIST Dividend-25 I

  19. Slide 19: Debt & Cash Position

    DEBT & CASH POSITION isgyo.com.tr

  20. Slide 20: Debt & Cash Position

    Debt & Cash Position Outstanding Loan Original Amount TL Outstanding Loan Bank Loans mn Date to Maturity TL mn Euro loan 4,9 € 2 years 29,2 Dolar Loan $44,9 5 years 236,0 TL Loans 440,7 5 months-4 years 440,7 Total 705,9 Bonds Original Amount Date to Maturity Bonds 608,9 1-3 years 30% Total 608,9 70

  21. Slide 21: Financials

    # Financials”

  22. Slide 22: Balance Sheet

    Balance Sheet TL, mn 31.12.2018 31.12.2017 % Change ASSETS 5.222,3 5.311,9 -2% Current Assets 752,7 968,0 -22% Long-term Assets 4.469,6 4.344,0 3% LIABILITIES 5.222,3 5.311,9 -2% Short-term Liabilities 1.091,6 873,3 25% Long-term Liabilities 573,8 1.158,0 -50% Shareholders' Equity 3.556,9 3.280,6 8%

  23. Slide 23: Income Statement

    Income Statement Financials (TL, mn) Jan.-Dec. 2018 Jan.-Dec. 2017 Sales Revenue 1.098,3 439,7 Cost of Sales -837,5 -253,6 Gross Profit/Losses 260,8 186,1 General Administrative Expenses -24,5 -20,3 Marketing, Sales and Distribution Expenses -22,3 -23,8 Other Operating Income 341,2 207,7 Other Opera

  24. Slide 24: Stock Performance

    STOCK PERFORMANCE isgyo.com.tr

  25. Slide 25: Stock Price vs. Index Performance

    Stock Price vs. Index Performance Stock Price & Index Performance (% ) 2018 BIST 100 -20,9 XGMYO -35,5 ISGYO -11,7 16

  26. Slide 26: Trade Volume

    Trade Volume Av. Trade Vol. 2018 2018 P/E (mn TL) P/BV ISGYO 3,0 5,9 0,29 17

  27. Slide 27: Investor Relations

    Investor Relations Ayşegül Şahin Kocameşe Head Financial Reporting & Investor Relations Phone : +90 850 724 23 50 E-mail : aysegul.sahin@isgyo.com.tr This presentation has been prepared in order to inform Mine Kurt Yıldırım investors. Assistant Manager Investor Relations Since the presentation has b

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