Halk Gayrimenkul Yatirim Ortakligi As · BIST:HLGYO
Halk Gayrimenkul Yatirim Ortakligi As — Halk Gayrimenkul Yatırım Ortaklığı A.Ş. — Q1 2020 Earnings Presentation
25 slides from Halk Gayrimenkul Yatirim Ortakligi As's earnings presentation, 2020
Slide 1: Investor Presentation 2020 / Q1
INVESTOR PRESENTATION 2020 / 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, 2020; Halk GYO
Slide 3: Real Estate Portfolio Distribution
REAL ESTATE DISTRIBUTION OF PORTFOLIO PORTFOLIO TL 2,818 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» İstanbul “Park Dedeman Levent İstanbul International Financial Center Hotel” «Halk Towers» Erzurum Kocaeli “Şehristan Residential” İstanbul “Şekerpınar Office Buildings” “Referans Bakırköy»
Slide 5: Real Estate Portfolio Table
PORTFOLIO REAL ESTATE PORTFOLIO TABLE Fair Value (TL) PROJECTS Current Status IIFC «Halk Towers» In Construction 1,435,663,853 1 Appraisal values of Halk GYO’s share for unsold İzmir Evora 2550,000,000 In sale Istanbul Bizimtepe Aydos In sale 141,418,004 independent units as of March 31, 2020 2 Calc
Slide 6: Rental Income Ratios
RENTAL INCOME RATIOS 7.0% 6.7% 6.5% 6.6% 6,7% 6.5% 6.3% Rent Income/ Last Appraisal Value of Leased Buildings 2014 2015 2016 2017 2018 2019 2020 Q1 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: 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. Panorama Plus is the first project which has “LEED Silver Certification” with the highest score i
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 Port Bosphorus Hotel
COMPLETED PROJECTS SALIPAZARI PORT BOSPHORUS HOTEL 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,
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
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. in June, for
Slide 18: Financial Data
FINANCIAL DATA BALANCE SHEET (TL) 31.03.2020 31.12.2019 Current Assets 136,821,133 192,228,287 Liquid Assets 50,398,484 74,285,277 01.01.2020 01.01.2019 Inventories 46,708,354 67,906,463 INCOME STATEMENT (TL) 31.03.2020 31.03.2019 Non-Current Assets 2,917,871,370 2,846,980,843 Revenues 50,063,344 21
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 3,054,692,503 3,039,209,130 3,054,692,503 3,039,209,130 2% 2% %0.5 %1.5 %14 %13 6% 6% %0.5 %0.5 50%
Slide 20: Balance Sheet Items
BALANCE SHEET ITEMS 1,000 TL YOY 3,039,209 3,054,693 2,632,793 2,596,696 Assets 0.51% 2,376,933 2,578,219 1,839,587 2,261,619 Equities 0.72% 1,623,069 1,879,401 1,431,263 1,630,195 1,527,802 1,330,651 2014 2015 2016 2017 2018 2019 2020 Q1 18,477 11,011 9,747 12,149 YOY 11,635 Net Profit 52.09% 2016
Slide 21: Income Statement Items
INCOME STATEMENT ITEMS TL 2019 Q1 2020 Q1 Total Revenues 21,267,301 50,063,344 Rent Income 17,234,211 18,438,713 Real Estate Sale Income 3,441,076 30,972,540 Financial Income 592,014 652,091 Cost of Sales -2,818,169 -24,031,097 Cost of Real Estate Sales -2,519,443 -23,677,934 Other -298,726 -353,163
Slide 22: Distribution of Main Income Items
DISTRIBUTION OF MAIN INCOME ITEMS Rent Income House Sale Income Financial Income 3% TL 22,512,744 TL 50,781,195 Revaluation Income of Investment 5% 1% Property 3% 1% Others 15% 37% 61% 77% 2019 Q1 2020 Q1 21
Slide 23: Distribution of Main Expense Items
DISTRIBUTION OF MAIN EXPENSE ITEMS Cost of House Sales Other Personnel Expenses TL 10,363,325 TL 32,304,638 Marketing & Selling Expenses Financial 6% 5% 25% 27% 9% Expenses 6% 10% 74% 15% 23% 2019 Q1 2020 Q1 22
Slide 24: 2020 Target
2020 TARGET To reach to ~ 8 % 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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