Halk Gayrimenkul Yatirim Ortakligi As · BIST:HLGYO
Halk Gayrimenkul Yatirim Ortakligi As — Halk Gayrimenkul Yatırım Ortaklığı A.Ş. — Investor Presentation (2018)
25 slides from Halk Gayrimenkul Yatirim Ortakligi As's investor presentation, 2018
Slide 1: Investor Presentation 2018 Year End
INVESTOR PRESENTATION 2018 Year End
Slide 2: About Halk GYO
ABOUT HALK GYO Halk GYO, was established in 2010, invests in real estates, real estate projects, real estate based rights and capital market instruments. Halk GYO completed its IPO in February 2013 and is trading on the Borsa Istanbul (BIST) with the code “HLGYO” As of December 31, 2018; Halk G
Slide 3: Real Estate Portfolio Distribution
REAL ESTATE DISTRIBUTION OF PORTFOLIO PORTFOLIO TL 2,422 Million Buildings 46% TL 492.5 Million Projects 54% Last Appraisal Values Establishment Appraisal Values 2
Slide 4: Real Estate Portfolio Regional Dispersal
REAL ESTATE PORTFOLIO İstanbul Salıpazarı REGIONAL DISPERSAL «Port Bosphorus Hotel» İstanbul «Bizimtepe Aydos» Residential Project İstanbul “Park Dedeman Levent İstanbul International Financial Center Project Hotel” «Halk Towers» Erzurum İstanbul Kocaeli “Şehristan Residential” “Referans Bakırköy “Ş
Slide 5: Real Estate Portfolio Table
REAL ESTATE PORTFOLIO TABLE PORTFOLIO Fair Value (TL) PROJECTS Current Status 1Project cost value as of December 31, 2018. Salıpazarı Land 7,286,000 2Appraisal values of Halk GYO’s share for Car Park of Salıpazarı Hotel IIFC «Halk Towers» In Construction 11,158,995,000 unsold independent units as of
Slide 6: Rental Income Ratios
RENTAL INCOME RATIOS 7.0% 6.7% 6.5% 6.5% 6.3% Rent Income/ Last Appraisal Value of Leased Buildings 2014 2015 2016 2017 2018 5
Slide 7: Completed Projects: Halkbank Finance Tower
COMPLETED PROJECTS HALKBANK FINANCE TOWER In 2012, we acquired this 23-floor class A office tower located near the İstanbul International Financial Center Project while it was under construction, The tower has been leased to Halkbank. Being in Batı Ataşehir district, which is one of the closest area
Slide 8: Completed Projects: Referans Bakırköy
COMPLETED PROJECTS REFERANS BAKIRKÖY Referans Bakırköy is Halk GYO’s first residential project. The project is developed based on a revenue sharing model in which our Company’s share is 50,5 percent. The project which carried out together with Biskon Yapı A.Ş., an association of Kiler Holding, has r
Slide 9: Completed Projects: Park Dedeman Levent Hotel
COMPLETED PROJECTS PARK DEDEMAN LEVENT HOTEL Park Dedeman Levent Hotel is the first hospitality project in Halk GYO’s portfolio, It meets the much felt need for business hotels on Mecidiyeköy- Maslak line, Istanbul. The occupancy permit for “Park Dedeman Levent” hotel project has been granted and in
Slide 10: Completed Projects: Panorama Plus Project
COMPLETED PROJECTS PANORAMA PLUS PROJECT The project located in Odunpazarı-Eskişehir, developed on an area of 9,811 sqm and covers 102 independent units consists 97 residential and 5 commercial units. Panorama Plus is the first project which has “LEED Silver Certification” with the highest score in
Slide 11: Completed Projects: Şekerpınar Banking Center
COMPLETED PROJECTS ŞEKERPINAR BANKING CENTER Şekerpınar Banking Center which developed on our Şekerpınar-Kocaeli land which was purchased in September 2012, has an usage area of approximately 9k sqm. In April 2015, Project finished and the Center leased for 10 years. Center is aimed to be an environ
Slide 12: Completed Projects: Halk Office Şekerpınar
COMPLETED PROJECTS HALK OFFICE ŞEKERPINAR Halk Office Şekerpınar located on our Şekerpınar-Kocaeli land which was purchased in September 2012, has an usage area of approximately 52k sqm. Project construction finished in 2015 and the marketing process for leasing or sale of the project still continue
Slide 13: Completed Projects: Bizimtepe Aydos
COMPLETED PROJECTS BİZİMTEPE AYDOS The Project will constructed through joint venture with Vakıf REIT. It is located on Sancaktepe, one of the most developing and popular districts of Istanbul. On the 95k sqm land, after leaving 90% of it for landscape the Project comprises 1085 independent units, b
Slide 14: Completed Projects: Şehristan Residential
COMPLETED PROJECTS ŞEHRİSTAN RESIDENTIAL In April 2016, a land of approximately 24k sqm in Erzurum/Yakutiye, of which prior proprietor was Er Konut, added into portfolio with a cost of TL 17,5 million, the half amount of the appraisal value of TL 35 million, to develop a residential project. The pro
Slide 15: Completed Projects: Salıpazarı Hotel Project
COMPLETED PROJECTS SALIPAZARI HOTEL PROJECT After the best use studies, it was decided to renovate our office building, Beyoğlu Salıpazarı, which is registered in one of the most historic and significant districts in Istanbul, as a hotel. After the procedures of sealed-bid tender and auction, a leas
Slide 16: Ongoing Projects: Istanbul International Financial Center Halk Towers
ONGOING PROJECTS iSTANBUL INTERNATIONAL FINANCIAL CENTER «HALK TOWERS» As Halk GYO, we are one of the major stakeholders of the Istanbul International Financial Center Project carried out under the coordination of the Ministry of Environment and Urban Planning and two office towers, one with 46 floo
Slide 17: Ongoing Projects: Evora İzmir Project
ONGOING PROJECTS EVORA İZMİR PROJECT “Teknik Yapı – Halk GYO Joint Venture” has been established providing all profits, liability and revenue to be divided equally with Teknik Yapı A.Ş., the winner of the Revenue Sharing Model Project in Return for Land Sale Tender, made by Emlak Konut GYO A.Ş. in J
Slide 18: Financial Data
FINANCIAL DATA BALANCE SHEET (TL) 31.12.2017 31.12.2018 Current Assets 432,080,905 210,964,848 Liquid Assets 123,145,273 28,825,032 01.01.2017 01.01.2018 Inventories 252,004,404 103,021,423 INCOME STATEMENT (TL) 31.12.2017 31.12.2018 Non-Current Assets 1,944,852,835 2,415,914,637 Revenues 82,240,682
Slide 19: Distribution of Assets and Liabilities
DISTRIBUTION OF ASSETS AND LIABILITIES DISTRIBUTION OF ASSETS_TL DISTRIBUTION OF LIABILITIES_TL Buildings Lands&Projects Other Cash and Cash Equivalents Equities Deferred Income Financial Debts Other 2,626,879,485 2.626.879.485 2,376,933,740 2.376.933.740 1% %1 5% 8% %1 %12 7% %10 %1 %10 50% 49% %86
Slide 20: Balance Sheet Items
BALANCE SHEET ITEMS 1,000 TL YOY 2,626,879 2,376,933 Assets 10.52% 1,839,587 2,275,075 1,623,069 1,879,401 Equities 21.05% 1,431,263 1,630,195 1,527,802 1,330,651 2014 2015 2016 2017 2018 394,801 YOY 252,121 202,943 107,664 Net Profit 56.59% 2015 2016 2017 2018 19
Slide 21: Income Statement Items
INCOME STATEMENT ITEMS TL 2016 2017 2018 Total Revenues 79,567,962 82,240,682 319,158,974 Rent Income 47,930,935 51,029,060 61,000,045 Real Estate Sale Income 24,587,761 23,934,707 252,924,725 Financial Income 7,049,266 7,276,915 5,234,204 Cost of Sales -14,222,613 -15,812,566 -203,170,190 Cost of R
Slide 22: Distribution of Main Income Items
DISTRIBUTION OF MAIN INCOME ITEMS Rent Income House Sale Income Financial Income TL 292,473,470 TL 632,356,678 Others Revaluation Income of 10% Investment 18% Property 8% 48% 2% 1% 40% 71% 1% 1% 2017 2018 21
Slide 23: Distribution of Main Expense Items
DISTRIBUTION OF MAIN EXPENSE ITEMS Cost of House Sales Other Personnel Expenses TL 40,364,699 0 0 TL 237,555,596 Marketing & Selling 13% 6% Expenses 2% Interest 8% 35% 5% 4% Expenses 18% 83% 26% 2017 2018 22
Slide 24: 2019 Target
2019 TARGET To reach to ~ 12 % RoaA ratio 23
Slide 25: Contact and Disclaimer
For further information please contact; Investor Relations ir@halkgyo.com.tr DISCLAIMER The information contained in this presentation has been prepared by Halk Gayrimenkul Yatırım Ortaklığı A,Ş, (Halk GYO) for informational purposes only. Although the information in this presentation has been obtai
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