Gedik Yatirim Menkul Degerler A.s. · BIST:GEDIK
Gedik Yatirim Menkul Degerler A.s — Gedik Yatırım Menkul Değerler A.Ş. — Q3 2024 Earnings Presentation
37 slides from Gedik Yatirim Menkul Degerler A.s's earnings presentation, November 2024
Slide 1: Gedik Yatırım Investor Presentation – 2024 Q3
Gedik Yatırım Investor Presentation – 2024 Q3 November 2024
Slide 2: Disclaimer
Disclaimer The contents of this presentation have been prepared by Gedik Yatırım Menkul Değerler Anonim Şirketi (“the Company”) for the purpose of providing general information available at the date of this presentation. The Company relies on information gathered from sources it believes to be relia
Slide 3: Agenda
1. Gedik Yatırım Corporate Profile 2. Current Activities 3. Financial Highlights 4. 2024 Targets and Realization 5. Financial Highlights (Except TAS 29) 6. Appendix 3
Slide 4: Our Vision Leadership in All Areas
Our Vision Leadership in All Areas VISION KURUMSAL DEĞERLERİMİZ Gedik Yatırım, together with its highly qualified To be the leader “in every employees, utilises the most advanced technologies; field” of capital markets. To provide products and services specific to investor needs, To raise awareness
Slide 5: Gedik Yatırım at a Glance (2024 Q3)
Gedik Yatırım at a Glance (2024 Q3) Shareholder Structure Credit Rating Note Buyback Shares Inveo Yatırım Holding JCR-Eurasia Rating April 2023 April 2024 2.68 % 84.87 % National Note A+ (tr) AA- (tr) Free Float Long Term 12.45 % Appearance Stabil Stabil Capital 1 BN TL National Note J1 (tr) J1+ (tr
Slide 6: Gedik Yatırım Continues to Grow Profitably
Gedik Yatırım Continues to Grow Profitably 733 69 246 67.3 K BN TL +105 +11 11% 1% Number of Number of Total Investor Investor Overall Employees Branches and Liaison Offices 2.9 226 11.8 7.2 BN TL MN TL BN TL BN TL 10% 75% 35% 11% Equities* Net Profit* Total Assets Market Value (ROE: 12%)** YTD YTD:
Slide 7: Experienced and Expert Board of Directors
Experienced and Expert Board of Directors +16 years of experience +26 years of experience +24 years of experience +39 years of experience +45 years of experience Onur Ersan Gökhan Rüya Ahmet Topaç Akpınar Tosun Eser Aka Vice Chair of the Independent Board Independent Board Chairman & CEO Board and G
Slide 8: Strong and Experienced Management Team
Strong and Experienced Management Team Ersan Akpınar Ergün Koşucu Gülten Esen Mehmet Şengün Sales Management Central Sales Management Marketing Vice Chair of the Board and Senior Deputy General Manager Deputy General Manager Deputy General Manager General Manager Enes Bilgin Coşan Yeğenoğlu Mehmet E
Slide 9: The Widest Branch Network
The Widest Branch Network We are the investment institution with the largest branch network in Türkiye. 33 2 14 3 City 2 3 2 4 69 Branches and Liaison Offices 2 3 8 4 2 Private Branches 2 2 4 2 We continue to increase the number of our branches every year Note: Includes consolidated data for Gedik Y
Slide 10: We Diversify Our Financial Investments
We Diversify Our Financial Investments Aracılı Aracılı Aracılı Aracılı Aracılı Aracılı Marbaş Menkul k hiVCk Misyon Yatırım k Inveo Ventures k GYT Bilişim k ve Ichain Yatırım k Değerler GSYO Bankası GSYO Ticaret Holding CMB Licensed Venture Capital BRSA Licenced Venture Capital Financial Crypto Asse
Slide 11: Agenda
1. Gedik Yatırım Corporate Profile 2. Current Activities 3. Financial Highlights 4. 2024 Targets and Realization 5. Financial Highlights (Except TAS 29) 6. Appendix 11
Slide 12: We Continue to Differentiate in the Sector with Our Strategic Moves
We Continue to Differentiate in the Sector with Our Strategic Moves Our Private Branch Number Gaining Momentum in Public 1. 2. Investor Seminars Continue 3. Offerings Reached 8 We continue to provide added value to the After the IPOs in 2023, we successfully The first Private Branch structuring of t
Slide 13: We Serve Latest Technology to Our Investors
We Serve Latest Technology to Our Investors We Stand by Investors with Our Digital We Make Investing Easier with Gedik Trader Platforms Gedik Trader Gedik Yatırım Matriks / Mobile Foreks / Ideal We Expand Our Investor Base with Our Collaborations Online UpTrader MetaTrader TEFAS Investment Funds New
Slide 14: We Invest in Sports and Say #InvestInThisShare to Our Country
We Invest in Sports and Say #InvestInThisShare to Our Country Main Sponsor of Türkiye Volleyball National Teams Official Sponsor of Fenerbahçe Football A Team In the second year of our 3-year sponsorship Sultans of the Net Our Conch Sponsorship of • 2023 CEV European Fenerbahçe Football A Team Champ
Slide 15: Agenda
1. Gedik Yatırım Corporate Profile 2. Current Activities 3. Financial Highlights 4. 2024 Targets and Realization 5. Financial Highlights (Except TAS 29) 6. Appendix 15
Slide 16: Key Consolidated Financial Indicators
Key Consolidated Financial Indicators Gedik Yatırım Consolidated (Million TL) 2023 Q3 2024 Q3 Change (%) Total Assets 18,203 11,847 (35) Equity* 3,229 2,906 (10) Net Profit* 918 226 (75) (Million TL) Total Assets (Million TL) Equity* (Million TL) Net Profit* 16.000 4.000 40% 1.200 14,396 3,553 14.00
Slide 17: Operational Revenue Breakdown
Operational Revenue Breakdown Operational Revenues (Million TL) 2023 Q3 YTD 2024 Q3 YTD Change (%) Interest and Trading Income 807 1,126 39 Marketable Securities Valuation and Derivative Market 746 112 (85) Transactions Income Service Income 1,126 888 (21) Other Service Income 287 277 (3) TOTAL 2,96
Slide 18: Operational Expenses & Other Income/Expense from Operating Activities
Operational Expenses & Percentage Breakdown of Other Income/Expense from Operating Activities Operational Expenses Breakdown Other Income/Expense from 2023 Q3 YTD 2024 Q3 YTD Change (%) 2023 Q3 YTD 2024 Q3 YTD Change (%) (Million TL) Operating Activities (Million TL) Marketable Securities Valuation
Slide 19: Short Term Borrowings, Liquidity and Financial Condition
Short Term Borrowings, Liquidity and Financial Condition Short Term Borrowings Liqiudity and Financial Condition 2023 Q3 2024 Q3 Change (%) (Million TL) Payables to Settlement and 4.63 3,169 2,344 (26) Custody Bank Issued Debt Instruments 2,851 619 (78) Bank Loans 43 438 911 TOTAL 6,064 3,402 (44) 3
Slide 20: GEDIK Stock Performance
GEDIK Stock Performance 01.01.2023 - 31.12.2023 01.01.2023 - 08.11.2024 01.01.2024 - 08.11.2024 Rate of Change Rate of Change Rate of Change GEDIK 107% 121% 13% USD/TL 57% 84% 16% BIST 100 Index 32% 62% 20% BIST Intermediary Institutions Index 67% 69% 1% 300 250 In the comparison since 200 GEDIK Sep
Slide 21: Agenda
1. Gedik Yatırım Corporate Profile 2. Current Activities 3. Financial Highlights 4. 2024 Targets and Realization 5. Financial Highlights (Except TAS 29) 6. Appendix 21
Slide 22: What will happen at Gedik Yatırım in 2024?
What will happen at Gedik Yatırım in 2024? LABOUR FORCE THE FIRST BRAND MARBAS TECHNOLOGY ENTERING THE TECHNOLOGY GROWTH COMES TO MIND IPO* ENTREPRENEURSHIP CRYPTO ASSET • Increase in • High Engagement • Artificial • Marbas IPO • Investments in • Ichain Yatırım Number of Linked to Intelligence (AI)
Slide 23: What Happened at Gedik Yatırım in 2024 Q3?
What Happened at Gedik Yatırım in 2024 Q3? ✓ The number of consolidated employees increased by 17% YoY as of the end of September 2024. LABOUR FORCE ✓ The number of consolidated branches and liaison offices increased by 11, reaching a total of 69. GROWTH ✓ With Ege and Akdeniz Private, our Private B
Slide 24: Forward Looking Expectations for the year 2024
Forward Looking Expectations for the year 2024 2024 Growth Expectation 1 2024 Expectation 2024 First 9 Months Previous New Realization Previous New Gross Profit >25% >10% Return on Equity 3 55%-70% 50%-65% 47% 3 Return on Equity = Net profit for the last 4 quarter / Average equity for the last 5 qua
Slide 25: Agenda
1. Gedik Yatırım Corporate Profile 2. Current Activities 3. Financial Highlights 4. 2024 Targets and Realization 5. Financial Highlights (Except TAS 29) 6. Appendix 25
Slide 26: Key Consolidated Financial Indicators (Except TAS 29)
Key Consolidated Financial Indicators (Except TAS 29) Gedik Yatırım Consolidated (Million TL) 2023 Q3 2024 Q3 Change (%) Total Assets 12,048 11,777 (2) Equity Held by the Parent Company 2,124 2,765 30 Net Profit 1,124 943 (16) (Million TL) 14.000 90% 11,777 80% 12.000 78% 70% 10,471 70% 10.000 9,392
Slide 27: Operational Revenue Breakdown (Except TAS 29)
Operational Revenue Breakdown (Except TAS 29) Operational Revenues (Million TL) 2023 Q3 2024 Q3 Change (%) Interest and Trading Income 590 1,133 92 Marketable Securities Valuation and Derivative Market 179 111 (38) Transcastions Income Service Income 478 658 38 Other Service Income (19) 200 N/A TOTA
Slide 28: Operational Expenses & Other Income/Expense (Except TAS 29)
Operational Expenses & Percentage Breakdown of Other Income/Expense from Operating Activities (Except TAS 29) Operational Expenses Other Income/Expense from 2023 Q3 2024 Q3 Change (%) 2023 Q3 2024 Q3 Change (%) Breakdown (Million TL) Operating Activities (Million TL) Marketable Securities Valuation
Slide 29: Short Term Borrowings, Liquidity and Financial Condition (Except TAS 29)
Short Term Borrowings, Liquidity and Financial Condition (Except TAS 29) Short Term Borrowings Liqiudity and Financial Condition 2023 Q3 2024 Q3 Change (%) (Million TL) Payables to Settlement and 2,122 2,340 10 Custody Bank 7.09 Issued Debt Instruments 1,907 566 (70) 6.51 Bank Loans 29 340 1,073 5.6
Slide 30: Agenda
1. Gedik Yatırım Corporate Profile 2. Current Activities 3. Financial Highlights 4. 2024 Targets and Realization 5. Financial Highlights (Except TAS 29) 6. Appendix 30
Slide 31: Consolidation
Consolidation Million TL 2023 Q3 2024 Q3 Change (%) Gedik Yatırım Solo Net Profit Gedik Yatırım Solo 906 145 (84) Contributions of Subsidiaries 51 134 164 Subsidiaries Consolidation Consolidation Adjustments (39) (53) 35 Adjustments Consolidated Net Consolidated Net Profit 918 226 (75) Profit Consol
Slide 32: TAS 29 Effects on Financial Statements
TAS 29 Effects on Financial Statements Million TL 2023 Q3 2024 Q3 Prepaid Expenses (Short-term) 0.04 4.4 Right-of-use Assets 21.6 11.8 Tangible and Intangible Fixed Assets 167 104 TOTAL TMS29 EFFECT Paid-in Capital (278) (226) Share Premiums (82) (71) 2023 Q3 Deferred Taxes 23.2 1.1 Long Term Financ
Slide 33: Statements of Changes in Shareholder's Equity
Statements of Changes in Shareholder’s Equity Million TL 2023 Q3 2024 Q3 Change (%) Equity at the beginning of the period 2,223 3,553 60 Paid-in Capital 177 495 179 Buyback shares (112) (157) 41 Net profit of the parent company 849 (805) (195) Differences of adjustment of capital 518 (495) (196) Oth
Slide 34: Gedik Yatırım - IFRS Financial Statements Summary
Gedik Yatırım - IFRS Financial Statements Summary Balance Sheet Profit and Loss Statement Million TL 2023 2024 Q3 Change % 2023 Q3 2024 Q3 Million TL Change % YTD YTD Current Assets 13,692 10,931 (20) Revenues 103,612 54,436 (47) Cash and Cash Equivalents 1,823 2,081 14 Financial Investments 2,480 2
Slide 35: IFRS Financial Statements Summary (Except TAS 29)
Gedik Yatırım - IFRS Financial Statements Summary (Except TAS 29) Balance Sheet Profit and Loss Statement Million TL 2023 2024 Q3 Change % 2023 Q3 2024 Q3 Million TL Change % YTD YTD Current Assets 10,073 11,042 10 Revenues 55,581 47,843 (14) Cash and Cash Equivalents 1,342 1,978 47 Financial Invest
Slide 36: Inveo Yatırım Holding at a Glance (2024 Q3)
Inveo Yatırım Holding at a Glance (2024 Q3) Shareholding Structure Main Fields of Activity Erhan Topaç Buy-Back Shares STRATEGIC CAPITAL MARKETS BANKING VENTURE CAPITAL INVESTMENTS 81.02 % 0.85 % Publicly Traded Part 18.13 % Capital 1 BN TL 8 95 103 Registered Capital 1 BN TL Direct Indirect Number
Slide 37: Thank You
Investor Relations Contact Melek Melis Taşkanal Işık Investor Relations Executive Thank You Diğdem Erdoğan Investor Relations Executive Hakan Duran Investor Relations Assistant Specialist +90 216 453 00 32 gedikyatirimciiliskileri@gedik.com Report Links Annual Reports Financial Tables Gedik Yatırım
Gedik Yatırım Menkul Değerler A.Ş. — Q3 2024 Earnings Presentation on 6ix