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

Is Gayrimenkul Yatirim Ortakligi A.s — Is Real Estate Investment Company (İş GYO) — Investor Presentation (December 2019)

23 slides from Is Gayrimenkul Yatirim Ortakligi A.s's investor presentation, Dec 31, 2019

  1. Slide 1: İş GYO

    IS G¥e

  2. Slide 2: Is Real Estate Investment Company Investor Presentation 31.12.2019

    IS REAL ESTATE INVESTMENT COMPANY Investor Presentation 31.12.2019

  3. Slide 3: IS REIC

    IS REIC IS REIC was established in 1999, by the strategic partnership of Isbank. • Mcap TL 1.687 mn Total Mcap size of the sector is TL 28 bn. • Asset Size TL 5.716 mn • Equity Size TL 3.860 mn • Real Estate Portfolio TL 4.702 mn • Rental Portfolio Size TL 3.755 mn • Annual Rental Income for 2019 TL

  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 247 mn rental income for 2019.  Financially strong tenants & long-term leases  57% of the rental income comes from İş Group 

  5. Slide 5: ISGYO 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 1.208 26% 3.755 80% Inventories 371 8% Projects 342 7% Land 234 5% 4.702 100% TOTALinclude units on sale in Ege Perla and Manzara Adalar. *Inventories **11% of the real estate portfolio is in re

  7. Slide 7: Rental Portfolio

    RENTAL PORTFOLIO

  8. Slide 8: Office Portfolio

    Office Portfolio 47% 39% 20% 17% 20%16% 10%  Represent 87% of the total office investments. (TL 2.223 mn) Office Portfolio TL, mn Appraisal Value 2.546  Represent 94% of the total office rental income. (TL 127 mn) 2019 YE Rental Income* 135 *Excluding income of Şişecam Office which was sold in 201

  9. Slide 9: Retail Portfolio

    Retail Portfolio 49% 51% 22% 22% 16% 17%  Represent 90% of the total retail investments. (TL 1.087 mn) Retail Portfolio TL, mn  Represent 91% of the total retail rental income. (TL 75 mn) Appraisal Value 1.208 2019 YE Rental Income 83  Kanyon represents 51% of the total retail rental income. 8

  10. Slide 10: Growth of the Rental Income

    —_ Growth of the Rental Income Rental Income mn TL 300 aso 247 217 00 192 197 450 199 100 50 0 2015 2016 2017 2018 2019 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* : TL1.180 mn Total saleable area*: ≈ 250.000 sqm Income Projection Total sales revenues* : TL 1.530 mn Number of units: 2.724** Designed by (*)Total f

  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: Kadıköy Hotel and Tuzla Residential

    Planned Projects  Kadıköy Hotel Project  Tuzla Residential Project Tepe Nautilu s Location : Tuzla, Istanbul Location : Kadikoy, Istanbul Acquisition date: January, 2016 Project Type: Hotel and commercial area Land Area: 53.460 sqm Acquisition Date: December, 2016 Land Area: 8.293 sqm The project

  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, ISGYO distributed cash dividend to shareholder

  18. Slide 18: Financials & Financial Ratios

    FINANCIALS & FINANCIAL RATIOS

  19. Slide 19: Balance Sheet & Income Statement

    Balance Sheet & Income Statement 15

  20. Slide 20: Financial Debt & Cash Position

    Financial Debt & Cash Position 16

  21. Slide 21: Stock Performance

    STOCK PERFORMANCE

  22. Slide 22: Stock Price vs. Index Performance

    Stock Price vs. Index Performance 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 Mine Kurt Yıldırım This presentation has been prepared in order to inform investors. Assistant Manager Investor Relations Since the presentation has b

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