Is Gayrimenkul Yatirim Ortakligi A.s. · BIST:ISGYO
Is Gayrimenkul Yatirim Ortakligi A.s — Investor Presentation (December 2020)
23 slides from Is Gayrimenkul Yatirim Ortakligi A.s's investor presentation, Dec 31, 2020
Slide 1: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 2: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 3: IS REIC
IS REIC IS REIC was established in 1999, by the strategic partnership of Isbank. • Mcap TL 2.435 mn Total Mcap size of the sector is TL 54 bn. • Asset Size TL 5.225 mn • Equity Size TL 4.131 mn • Real Estate Portfolio TL 4.737 mn • Rental Portfolio Size TL 3.975 mn • Rental Income for 2020 TL 212 mn
Slide 4: Why IS REIC?
Why IS REIC? Diversified real estate portfolio Balanced exposure in office, retail and residential sector Office 59%, retail 25% Solid & growing rental income ~TL 212 mn rental income for YE2020. Financially strong tenants & long-term leases 58% of the rental income comes from İş Group
Slide 5: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 6: Real Estate Portfolio Breakdown
Real Estate Portfolio Breakdown Real Estate Portolio Value mn TL Office 2.789 59% Rental Portfolio Retail 1.186 25% 3.975 84% Projects 249 5% Inventories 235 5% Land 279 6% TOTAL 4.737 100% *Inventories represent the undelivered units in Ege Perla, Manzara Adalar and of İnistanbul Residential Projec
Slide 7: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 8: Office Portfolio
Office Portfolio Ankara İş Tower İş Towers İş Towers TUTOM Maslak Office Tower 2 Tower 3 Office Lamartine Annual TL 102 Rental TL 26 mn TL 11 mn TL 8 mn mn Income Appraisal TL 1.339 TL 548 TL 543 TL 359 mn Value mn mn mn % share in 39% 48% 17% 20% 16% 19% 10% office investments Office Portfolio TL,
Slide 9: Retail Portfolio
Retail Portfolio Marmara Kanyon Ege Perla Park Shopping Shopping The Others Shopping Center Center Center Annual Rental TL 25 mn TL 2,8 mn TL 32 mn TL 4 mn Income Appraisal Value TL 580 mn TL 235 mn TL 245 mn TL 125 mn 49% 49% 22% 20% 16% 21% Represent 90% of the total retail investments. (TL 1.06
Slide 10: Growth of the Rental Income
Growth of the Rental Income 9 Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 11: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 12: 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: ≈ TL 390 mn* Estimated rental Income : TL 45-50 mn *Designed by (*) Excluding f
Slide 13: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 14: Planned Projects: Kadıköy Hotel and Tuzla Residential
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…
Slide 15: Planned Projects: Ömerli Residential Project
Planned Projects Ömerli Residential Project ~𝟐 𝒌𝒎 ~𝟏𝟎𝟎𝐦𝐭 Tepe Nautilus ~𝟖𝟎𝟎𝐦𝐭 Location : Cekmekoy, Istanbul Project Type: Residential Acquisition Date: July, 2020 Land Area: 15.314 sqm* *IS REIT has 67.2% ownership share of the land. 13 Sınıflandırma: HİZMETE ÖZEL | Classification…
Slide 16: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
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
Slide 18: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 19: Balance Sheet & Income Statement
Balance Sheet & Income Statement TL, mn 31.12.2020 TL, mn 31.12.2020 ASSETS 5.225,4 LIABILITIES 5.225,4 Current Assets 464,9 Short-term Liabilities 962,6 Long-term Assets 4.760,5 Long-term Liabilities 131,9 Shareholders' Equity 4.130,9 INCOME STATEMENT (TL, mn) YE2020 YE2019 Sales Revenue 552,7 1.20
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 $26,7 2 years 196 TL Loans 319 1 year-3 years 319 Total 515 Bonds &Bills Original Amount (mn TL) Total 498 TOTAL FINANCIAL DEBT 16 Sınıflandırma: HİZMETE ÖZEL | Class
Slide 21: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 22: Stock Price vs. Index Performance
Stock Price vs. Index Performance Stock Price & Index Performance (%) 2020 ISGYO 2020 2019 BIST 100 29 25 P/BV 0,59 XGMYO 60 42 Avr. Trade Volume TL 149 mn ISGYO 44 63 17 Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
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
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