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

Is Gayrimenkul Yatirim Ortakligi A.s — Is Real Estate Investment Company (İş GYO) — Investor Presentation (March 2020)

23 slides from Is Gayrimenkul Yatirim Ortakligi A.s's investor presentation, Mar 31, 2020

  1. Slide 1: IS GYO

    IS G¥O

  2. Slide 2: Investor Presentation 31.03.2020

    IS REAL ESTATE INVESTMENT COMPANY Investor Presentation 31.03.2020

  3. Slide 3: IS REIC

    IS REIC IS REIC was established in 1999, by the strategic partnership of Isbank. • Mcap TL 1.218 mn Total Mcap size of the sector is TL 23 bn. • Asset Size TL 5.285 mn • Equity Size TL 3.839 mn • Real Estate Portfolio TL 4.699 mn • Rental Portfolio Size TL 3.755 mn • Rental Income for 1Q2020 TL 57 m

  4. Slide 4: Why IS REIC?

    Why IS REIC?  Diversified real estate portfolio  Balanced exposure in office, retail and residential sector  Office 54%, retail 26%  Solid & growing rental income  ~TL 57 mn rental income for 1Q2020.  Financially strong tenants & long-term leases  53% of the rental income comes from İş Group

  5. Slide 5: Portfolio

    ISGYO PORTFOLIO

  6. Slide 6: Real Estate Portfolio Breakdown

    Real Estate Portfolio Breakdown Real Estate Portolio Value mn TL Office 2.546 54% Rental Portfolio Retail 1.209 26% 3.755 80% Inventories 372 8% Projects 339 7% Land 234 5% 4.699 100% TOTAL *Inventories represent the undelivered units in Ege Perla, Manzara Adalar and Inistanbul Residentials. Project

  7. Slide 7: Rental Portfolio

    RENTAL PORTFOLIO

  8. Slide 8: Office Portfolio

    Office Portfolio Ankara İş Tower İş Towers İş Towers TUTOM Maslak Office Tower 2 Tower 3 Office Lamartine 1Q2020 TL 25,5 TL 6,2 TL 2,5 Rental TL 2,1 mn mn mn mn Income Appraisal TL 1.198 TL 510 TL 515 TL 324 mn Value mn mn mn % share in 39% 47% 17% 20% 16% 20% 10% office investments  Represent 87%

  9. Slide 9: Retail Portfolio

    Retail Portfolio Marmara Kanyon Ege Perla Park Shopping Shopping The Others Shopping Center Center Center 1Q2020 Rental TL 10 mn TL 1,5 mn TL 7,4 mn TL 1,9 mn Income Appraisal Value TL 615 mn TL 270 mn TL 202 mn TL 122 mn 49% 51% 22% 22% 16% 17%  Represent 90% of the total retail investments. (TL 1

  10. Slide 10: Growth of the Rental Income

    —_— Growth of the Rental Income Rental Income mn TL 300 250 I17 247 230 500 192 197 150 139 100 50 0 2015 2016 2017 2018 2019 2020 9 isgyo.com.tr is GYO

  11. Slide 11: Projects Under Development

    PROJECTS UNDER DEVELOPMENT

  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 Income Projection Total sales revenues* : TL 1.540 mn Number of units: 2.741** Designed by (*)Total fig

  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 saleable/leasable area : ≈ 33.000 sqm Income Projection Estimated development cost: TL380 mn* Estimated rental Income : TL 45-50 mn *Designed by (*) Excluding fina

  14. Slide 14: Planned Projects

    PLANNED PROJECTS

  15. Slide 15: Planned Projects

    Planned Projects  Kadıköy Hotel Project  Tuzla Residential Project ~𝟐 𝒌𝒎 ~𝟏𝟎𝟎𝐦𝐭 Tepe Nautilus ~𝟖𝟎𝟎𝐦𝐭 Location : Kadikoy, Istanbul Location : Tuzla, Istanbul Project Type: Hotel and commercial area Acquisition date: January, 2016 Acquisition Date: December, 2016 Land Area: 53.460 sqm…

  16. Slide 16: Dividend Payout

    DIVIDEND PAYOUT

  17. 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 15 year period, except for 2006, 2018 and 2019 ISGYO distributed cash dividend to shar

  18. Slide 18: Financials & Financial Ratios

    FINANCIALS & FINANCIAL RATIOS

  19. Slide 19: Balance Sheet & Income Statement

    Balance Sheet & Income Statement TL, mn 31.03.2020 TL, mn 31.03.2020 ASSETS 5.285,0 LIABILITIES 5.285,0 Current Assets 823,6 Short-term Liabilities 1.068,5 Long-term Assets 4.461,4 Long-term Liabilities 377,0 Shareholders' Equity 3.839,5 INCOME STATEMENT Jan.-Mar Jan.-Mar. (TL, mn) 2020 2019 Sales R

  20. Slide 20: Financial Debt & Cash Position

    Financial Debt & Cash Position Outstanding Loan Original Amount Outstanding Loan Bank Loans (TL mn) Date to Maturity TL mn Dolar Loan $36,4 3 years 237 TL Loans 590 1 year-3 years 590 Total 827 Bonds &Bills Original Amount Total 391 16

  21. Slide 21: Stock Performance

    STOCK PERFORMANCE

  22. Slide 22: Stock Price vs. Index Performance

    Stock Price vs. Index Performance Stock Price & Index Performance (%) 1Q2020 2019 1Q2020 ISGYO BIST 100 -22 25 P/BV 0,32 XGMYO -18 42 ISGYO -28 63 Avr. Trade Volume TL 174,3 mn 17

  23. Slide 23: 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

Is Real Estate Investment Company (İş GYO) — Investor Presentation (March 2020) on 6ix