Halk Gayrimenkul Yatirim Ortakligi As · BIST:HLGYO
Halk Gayrimenkul Yatirim Ortakligi As — Halk Gayrimenkul Yatırım Ortaklığı A.Ş. — Q1 2023 Earnings Presentation
27 slides from Halk Gayrimenkul Yatirim Ortakligi As's earnings presentation, 2023
Slide 1: Investor Presentation 2023 Q1
v INVESTOR PRESENTATION 2023 Q1
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 March 31, 2023; Halk GYO ha
Slide 3: Real Estate Portfolio Distribution
REAL ESTATE DISTRIBUTION OF PORTFOLIO PORTFOLIO TL 15.7 Billion Buildings 31% TL 492.5 Million Projects & Lands 69% March 2023 Establishment 3 Investor Relations
Slide 4: Real Estate Portfolio Regional Dispersal
REAL ESTATE PORTFOLIO İstanbul «Salıpazarı Hotel» REGIONAL DISPERSAL İstanbul “Bizimtepe Aydos” İstanbul İstanbul Financial Center “Levent Hotel” «Halk Towers» «Paye Sakarya» Kocaeli İstanbul “Şekerpınar Office Buildings” “Referans Bakırköy» Kocaeli Erzurum “Dilovası Modern Industrial Park” “Şehrist
Slide 5: Real Estate Portfolio: Lands and Projects
LANDS REAL ESTATE PORTFOLIO Current Status Value (TL) Land - 1 It is the value of our Company's share from the Antalya Land 295,530,000 Kocaeli Dilovası Land (Dilovası Modern Industrial Park) In construction and sale - 276,640,000 current value of the project determined as of the end of 2022. It is
Slide 6: Rental Income Ratios
RENTAL INCOME RATIOS 7.0% 6.7% 6.5% 6.6% 6.5% 6.3% 5.5% 5.0% Rent Income/ Last Appraisal Value of 3.2% 3.2% Leased Buildings 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Q1 Due to the increase in appraisal values as a result of the year-end valuation process, a decrease was recorded in the «ren
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 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 areas to İstanbul
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: İstanbul Levent Hotel
COMPLETED PROJECTS İSTANBUL LEVENT HOTEL İstanbul 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. Levent Hotel been opened since July, 2015. The project is aimed to be an environmentally frie
Slide 10: Completed Projects: Eskişehir Panorama Plus
COMPLETED PROJECTS ESKİŞEHİR PANORAMA PLUS 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. The Project was completed in 2015 and all of the project was sold. Panorama Plus is the first pro
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. Project was completed in 2015 and leased in April of the same year. 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. The marketing process for leasing or sale of the project still continues. Real Estate Information City : Kocaeli
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 The land in Erzurum/Yakutiye, of which prior proprietor was Er Konut, added into portfolio to develop a residential Project in April 2016. The project, developed through Halk GYO-Er Konut “Ordinary Partnership” land of approximately 24k sqm, comprises 13 bloc
Slide 15: Completed Projects: Salıpazarı Hotel
COMPLETED PROJECTS SALIPAZARI HOTEL Following the completion of the renovation, Salıpazarı Building started to serve as a hotel in 2018. Real Estate Information City : İstanbul District : Beyoğlu / Salıpazarı Appraisal Value : TL 403 million Rent Value : TL 5 million 15 Investor Relations
Slide 16: Ongoing Projects: Istanbul Financial Center Halk Towers
ONGOING PROJECTS iSTANBUL FINANCIAL CENTER «HALK TOWERS» Istanbul Financial Center Project, carried out under the coordination of the Ministry of Environment, Urbanization and Climate Change will gather public banks such as Ziraat Bank, Halkbank, Vakıfbank, and public institutions such as the BRSA,
Slide 17: Ongoing Projects: Evora İzmir
ONGOING PROJECTS EVORA İZMİR “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. İn 2017, for
Slide 18: Ongoing Projects: Dilovası Modern Industrial Park
ONGOING PROJECTS DİLOVASI MODERN INDUSTRIAL PARK Dilovası Modern Industrial Park, located in the triangle of Istanbul, Bursa and Kocaeli, at the very center of the development axis of the industry, is preparing to host hundreds of industrial establishments with a land size of 133,500 sqm. The Projec
Slide 19: Ongoing Projects: Paye Sakarya
ONGOING PROJECTS PAYE SAKARYA Paye Sakarya Project, which was implemented within the framework of the "Cooperation Protocol" signed in December 2021 between the Company and other 3rd parties, consists of 426 residences and 34 commercial units of different scales on a total land of 60,000 sqm. Our pr
Slide 20: Financial Data
FINANCIAL DATA TL – BALANCE SHEET 31.12.2022 31.03.2023 01.01.2022 01.01.2023 INCOME STATEMENT -TL 31.03.2022 31.03.2023 Current Assets 1,210,061,740 1,540,693,635 Revenues 28,845,006 62,111,663 Liquid Assets 474,985,625 469,425,767 Inventories 494,353,308 688,912,360 Revenues from the sale of 3,538
Slide 21: Distribution of Assets and Liabilities
DISTRIBUTION OF ASSETS AND LIABILITIES DISTRIBUTION OF ASSETS TL DISTRIBUTION OF LIABILITIES TL Buildings Lands & Projects Cash and Cash Equivalents Other Equities Deferred Income Financial Debts Other 14,307,529,731 16,951,011,561 14,307,529,731 16,951,011,561 %71 %73 %56 %64 %35 %12 %12 %15 %11 %6
Slide 22: Balance Sheet Items
BALANCE SHEET ITEMS Million TL YOY 16,951 Assets 18% 14,307 Equities 15% 12,000 10,433 3,039 3,514 4,578 1,839 2,376 2,632 1,623 3,300 1,431 2,261 2,578 2,926 1,527 1,630 1,879 1,330 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 1Ç Million TL Net Profit 1,586,132 12,149 18,477 8,447 49,376 2019
Slide 23: Income Statement Items
INCOME STATEMENT ITEMS TL 2021 Q1 2022 Q1 2023 Q1 Revenue 33,961,693 28,845,006 62,111,663 18,987,288 3,538,983 - Revenues from sale the of investment properties 12,717,354 20,439,073 33,851,649 Rent Income 2,257,051 4,866,950 28,260,014 Financial Income -18,660,458 -2,837,702 -1,227,664 Cost of Sal
Slide 24: Distribution of Main Income Items
DISTRIBUTION OF MAIN INCOME ITEMS Increase in Value of Investment Properties Investment 67,187,617 TL 1,659,429,312 TL Properties Sale Income Rent Income 7% 2% 2% 2% 5% Financial Income 30% Others 56% 96% 2022 Q1 2023 Q1 24 Investor Relations
Slide 25: Distribution of Main Expense Items
DISTRIBUTION OF MAIN EXPENSE ITEMS Cost of House/ 17,647,766 TL 73,296,889 TL Real Estate Sales General 2% Administrative 13% Expenses 30% 20% 7% Marketing & 35% Selling Expenses 8% 42% Financial Expenses 43% Other 2022 Q1 2023 Q1 25 Investor Relations
Slide 26: 2023 Target
2023 TARGET To reach to ~ 10% ROaA ratio 26 Investor Relations
Slide 27: For further information please contact; Investor Relations
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 obtain
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