Is Yatirim Menkul Degerler As · BIST:ISMEN
Is Yatirim Menkul Degerler As — İş Yatırım Menkul Değerler A.Ş. (IS Investment) — 9M17 Earnings Presentation
20 slides from Is Yatirim Menkul Degerler As's earnings presentation, Oct 26, 2017
Slide 1: Performance & Financial Results – 9M17
PERFORMANCE & FINANCIAL RESULTS – 9M17 October 26, 2017 Investor Relations
Slide 2: About Us, Market Performance, Financial Results
1 Performance & Financial About Us Results – 9M17 Market Performance Financial Results Investor Relations
Slide 3: About Us
About Us 2 Shareholder Structure Business Lines • Brokerage & Trading • Investment Advisory • Asset Management Foreign IS Bank & 70% shareholders‘ • Corporate Finance IS Bank Free Float Share Group 28% Companies • Research 72% Subsidiaries* IS Private Equity: (Share: 29.1%) (Ticker: ISGSY:TI) One of
Slide 4: About Us, Market Performance, Financial Results
3 Performance & Financial About Us Results – 9M17 Market Performance Financial Results Investor Relations
Slide 5: Market Performance Equities
Market Performance Equities 4 The market IS Investment 7,8% 7,9% 2.500 120 8,0% Billions Billions 2.025 2.000 100 6,0% 1.539 80 160,5 1.500 60 120,7 4,0% 1.000 40 2,0% 500 20 0 0 0,0% '16/9 '17/9 '16/9 '17/9 Trading Volume (TL bn) Trading Volume (TL bn) Market Share Broker 1 9.27% #2 IS Investment 7
Slide 6: Market Performance Derivatives
Market Performance Derivatives 5 The market IS Investment 14,8% 1.200 1.122 16,0% 160 Billions Billions 14,0% 1.000 140 10,7% 836 12,0% 120 800 10,0% 100 600 80 165,5 8,0% 60 6,0% 400 40 89,1 4,0% 200 20 2,0% 0 0 0,0% '16/9 '17/9 '16/9 '17/9 Trading Volume (TL bn) Trading Volume (TL bn) Market Share
Slide 7: Market Performance Primary market
Market Performance Primary market 6 Debt securities issuances IS Investment* 22% 17% 100 350 18 96 90 16 94 94 300 80 14 92 70 90 250 12 60 10,0 88 10 8,7 50 79,9 200 86 49,4 8 40 84 150 6 83 30 82 20 4 80 100 5,8 6,0 10 18,0 2 78 12,1 0 50 0 76 '16/9 '17/9 '16/9 '17/9 Public Offerings (TL bn) Priva
Slide 8: Market Performance: M&A deals and margin trading
Market Performance 7 M&A deals closed in 9M17 - IS Investment Equity margin trading - IS Investment Our role as an 350 Target Firm Stake Sale Millions advisor 288 287 300 Hisarlar Makine Buy-side 250 75,1% Buy-side 200 TPPD 100% Turquoise 150 Sell-side Investments 100% 100 Ayvacık, Belen Atik 100% S
Slide 9: Market Performance Assets under Management
Market Performance Assets under Management 8 The market IS Investment & IS Asset Management 140 Mutual Funds (TL bn) 35 Mutual Funds (TL bn) Market Shares Pension Funds (TL bn) Pension Funds (TL bn) 120 30 Other Funds* (TL bn) 100 25 11,0 51,0 21% 80 43,0 20 9,7 60 15 13,6 18.7% 40 10 10,7 72,9 57,9
Slide 10: About Us, Market Performance, Financial Results
9 Performance & Financial About Us Results – 9M17 Market Performance Financial Results Investor Relations
Slide 11: Financial Results Consolidation Effect
Financial Results Consolidation Effect 10 Consolidated Net Profit = [IS Investment Non-consolidated Net Profit + Contributions from Subsidiaries] – Elimination Adjustments Net Profit (TL) 9M16 9M17 YoY (%) IS Investment Non-consolidated Net Profit IS Investment Only 67.8 125.7 85 Maxis Investments (
Slide 12: Financial Results Consolidated Financials
Financial Results Consolidated Financials 11 IS Investment - Consolidated 9M16 9M17 YoY (%) (TL000) Total Assets 6,267,438 7,452,244 19 Shareholders' Equity 560,093 640,698 14 Net Profit 40,363 112,717 180 TL Million ROAE 8.000 22,5% 7.452 24% 7.500 21,0% 7.000 19,4% 6.518 6.500 17,9% 18,2% 20% 5.78
Slide 13: Breakdown of Operating Revenues
Financial Results Breakdown of Operating Revenues 12 Breakdown of Revenues 9M16 9M17 YoY (%) (TL 000) Interest and Trading Income 157,495 255,847 62 Commission Revenues (Net)* 169,587 179,473 6 Total Operating Revenues 327,082 435,320 33 * Including client based FX margin trading revenues Operating
Slide 14: Breakdown of Commissions
Financial Results Breakdown of Commissions 13 Commission Revenues (Gross) 9M16 9M17 YoY (%) (TL 000) Brokerage* 123,409 118,701 (4) Corporate Finance 16,158 26,708 65 Asset Management 27,878 37,784 35 Other Commissions 2,142 1,304 (39) Total 169,587 184,497 9 * Including client based FX margin tradi
Slide 15: Breakdown of Operating Expenses
Financial Results Breakdown of Operating Expenses 14 Operating Expenses 9M16 9M17 YoY (%) (TL 000) Marketing, Sales and Distribution Expenses 81,253 76,939 (5) General Administrative Expenses 176,346 179,719 2 Other Operating Expenses 2,285 2,846 24 Total 259,884 259,504 - Operating Expenses – 9M16
Slide 16: Financial Results Dividend
Financial Results Dividend 15 Cash Dividend & Payout Ratio - ISMEN Dividend Yield - ISMEN 95% 12% 50 91% 10,6% 96% 45 88% 9,6% 9,5% 78% 10% 40 80% 8,2% 35 72% 8% 64% 6,3% 30 56% 25 36% 6% 30% 30% 30% 33% 30% 30% 48% 4,8% 47 45 4,1% 4,0% 4,1% 20 40% 36 4% 3,1% 15 32% 25 24% 10 20 20 20 2% 15 16% 5 13
Slide 17: Investor Relations
Investor Relations 16 Ms. Çağlan Mursaloğlu Deputy CEO Phone : +90 0212 350 23 48 The Investor Relations Department is responsible for the Fax : +90 0212 350 20 01 timely communication of necessary, accurate, complete, comprehensible and easily accessible information and E-mail : cmursaloglu@isinves
Slide 18: Disclaimer
Disclaimer 17 The information in this report is prepared by “IS YATIRIM MENKUL DEGERLER A.S.” (IS Investment) and it is not to be construed as an offer or solicitation for the purchase or sale of any financial instrument or the provision of an offer to provide investment services. Information, opini
Slide 19: IS Investment
IS Investment 18 İş Kuleleri Kule-2 Kat:12 Büyükdere Cad. Nurol Plaza No:257 Kat:16 HEAD 34330 4. Levent ISTANBUL, TURKEY MASLAK 34398 Maslak İSTANBUL, TURKEY OFFICE T: +90 212 350 20 00 BRANCH T: +90 212 367 85 00 F: +90 212 350 20 01 F: +90 212 367 85 01 Çınarlı Mah. Turhan Cemal Beriker Bulvarı K
Slide 20: Performance & Financial Results – 9M17
PERFORMANCE & FINANCIAL RESULTS – 9M17 October 26, 2017 Investor Relations
İş Yatırım Menkul Değerler A.Ş. (IS Investment) — 9M17 Earnings Presentation on 6ix