Unlu Yatirim Holding A.s. · BIST:UNLU
Unlu Yatirim Holding A.s — ÜNLÜ Yatırım Holding A.Ş. — 9M 2023 Earnings Presentation
24 slides from Unlu Yatirim Holding A.s's earnings presentation, November 2023
Slide 1: ÜNLÜ Yatırım Holding A.Ş. 9M 2023 Financial Results
ÜNLÜ Yatırım Holding A.Ş. 9M 2023 Financial Results Investor Relations November 2023
Slide 2: Agenda
Agenda 2023 First 9 Months Financial Results: Key Takeaways 3 Financial Statements and Performance 4 Developments by Business Lines 11 Evaluation of 9M Results and Revised Guidance for 2023 Year End 16 Appendices About ÜNLÜ & Co 20 Shareholder Structure and Group Companies 21 Social Responsibility a
Slide 3: 2023 First 9 Months Results: Key Takeaways
2023 First 9 Months Results: Key Takeaways TL 343,2 mn Net Profit (106% y/y) Important Themes Comprehensive Income: 376,8 mn TL ( 106% y/y) 44 % Return on Equity Despite the earthquake disaster that deeply affected the country and other uncertainties in Q1, elections and the negative effects of infl
Slide 4: Financial Statements and Performance
Financial Statements and Performance
Slide 5: ÜNLÜ Yatırım Holding A.Ş. as of 9M23
ÜNLÜ Yatırım Holding A.Ş. as of 9M23 ₺ 870 mn ₺ 343,2 mn 89% Core Revenues Net Profit Share of Recurring Revenues ₺ 2,54 bn ₺ 1,21 bn 44% Total Assets Shareholders’ Equity Return on Equity ₺ 22,2 bn ₺ 3,5 bn ₺ 366 mn ₺ 4,4 bn DAHA AuC (*) Investment Alternative NPL Portfolio (*): Assets Under Consid
Slide 6: Financial Statements and Performance
Financial Statements and Performance 2018 2019 2020 In first 9 months of 2023, the Company’s Core Revenues (*) increased by 92% y/y and reached TL 870 mn. Comprehensive Income reached TL 376,8 mn (y/y 106%). Summary Income Statement (TL) 9M23 9M22 D YoY 3Q23 2Q23 D QoQ 9-TTM-23 6-TTM-23 D Trailing C
Slide 7: Financial Statements and Performance
Financial Statements and Performance 2018 2019 2020 First 9 months Total Revenues (*) at TL 1.042,8 mn, EBITDA at TL 435,8 mn, Net Profit TL 343,2 mn (y/y 106%). EBITDA Margin reached 42%, Profit Margin 33%, and RoE 44%. Operational profitability 9M23 9M22 D YoY 3Q23 2Q23 D QoQ 9-TTM-23 6-TTM-23 D T
Slide 8: Financial Statements and Performance
Financial Statements and Performance 2018 2019 2020 Both revenues (*) and profitability reached historic highs on an annualized basis. Extended Revenues Net Income 1,350.1 416.0 445.4 1,145.6 817.9 965.9 268.8 303.5 640.4 210.4 Net profit margin RoE 47.2% 45.1% 36.3% 37.6% 38.4% 32.4% 32.8% 32.9% 33
Slide 9: Financial Statements and Performance
Financial Statements and Performance As of end of first 9 months, consolidated assets reached TL 2,540 mn (y/y +83%), financial leverage increased, shareholders’ equity reached TL 1,210 mn (y/y +57%). Summary Balance Sheet (TL mn) 9M23 9M22 D YoY 12M22 D YtD 6M23 D QoQ Total Assets 2,540 1,389 83% 1
Slide 10: Financial Statements and Performance
Financial Statements and Performance 2018 2019 Revenues from business lines reached TL 870 mn by end of 9M (y/y +92%). The admiral2020 ship for the period was the NPL business line. Investment Advisory and Treasury’s contribution to revenues continued to increase. Revenues by Business Line (TL mn) 9
Slide 11: Developments by Business Lines
Developments by Business Lines
Slide 12: NPL Business Line
NPL Business Line NPL Sector 9M23 Collections: TL 335.4 mn 2020 (Pandemic) :Total TL 1,6 bn (principal) NPL sales 2021: TL 5,1 bn (Specifically 2nd half of the year), 2022: TL 6,3 bn NPL Business Line Performance 3Q2023: TL 7,9 bn 3Q2023 average NPL sales price: 35.2% (2022: 18.9%) Total investments
Slide 13: Corporate Finance Business Line
Corporate Finance Business Line 9M23 Revenues: TL 60,2 mn (y/y 46%) M&A Transactions 9M22 Revenues: TL 41,3 mn TL No transaction in 3rd quarter. In 2nd quarter; Buy-Side advisory in acquisition of Tunay Gıda's CF Revenues majority stake by Gat Foods IBBL. In 1st quarter; the sale of Korsini to the A
Slide 14: Investment Advisory: DAHA and Fund Management
Investment Advisory: DAHA and Fund Management DAHA 9M23 Revenues:TL 213,1 mn Thanks to our new mobile application «Piapiri», which we introduced in line with our Digitalization Strategy, our customer onboarding from digital channels accelerated and 77% of the accounts opened in the first 9 months ca
Slide 15: Institutional Sales Business Line
Institutional Sales Business Line 9M23 Revenues: TL 101,3 mn Performance of the Business Line Recurring Revenues : TL 68,5 mn (y/y +43%) 9M23 revenues increased by 86% y/y to TL 101.3 mn. Other Revenues(*): TL 32,8 mn (y/y +397%) The share of other revenues increased by 397% y/y in first 9 months. (
Slide 16: Evaluation of 9M23 Results and Our Revised Guidance for 2023 Year End
Evaluation of 9M23 Results and Our Revised Guidance for 2023 Year End
Slide 17: Evaluation of 9M23 Results
Evaluation of 9M23 Results Core revenues reached TL 870 mn Core revenues in 9M increased by 92% y/y with a total of TL 870 mn. Net profit above TL 340 mn Net profit in 9M23 is TL 343,2 mn. All business lines contributed evenly. The increase in the effective tax rate, which was 16.4% in the first hal
Slide 18: Guidance for 2023 Year End (Revised)
Guidance for 2023 Year End (Revised) Goal and Projection Status as of H1 2023 Year-end Target (revised) Considering our strong performance in the first half and the continuing Extended Revenues in 2023 TL 1.042,8 mn momentum in all business lines, we revise our consolidated extended revenues for 202
Slide 19: Appendices
Appendices
Slide 20: ÜNLÜ & Co – Pioneer in the Sector with its Entrepreneurial History
ÜNLÜ & Co – Pioneer in the Sector with its Entrepreneurial History 4 Major Business Lines: NPL, Investment Advisory, Corporate Finance and Institutional Sales Pioneering initiatives, Reputable Name DAHA #1 Turkey’s first independent M&A Corporate Finance advisory firm NPL and Investment M&A Advisory
Slide 21: ÜNLÜ Yatırım Holding A.Ş – Ownership and Group Structure
ÜNLÜ Yatırım Holding A.Ş – Ownership and Group Structure Mahmut L. ÜNLÜ The Wellcome Trust Ltd PubliclyTraded (Other) Other (PubliclyTraded) 64,71% 7,71% 26,43% 1,15% %100 %100 %32,5 %100 %4,75 %100 %100 %100 ÜNLÜ Turkish ÜNLÜ Ünlü LT Yazılım ve İSTANBUL Alternative Asset Alternative 212 Investments
Slide 22: Social Responsibility
Social Responsibility ▪ ÜNLÜ & Co supports sustainable initiatives in order to create lasting impact and transformation in the following fields: Entrepreneurship, women and education. ▪ In addition to sponsorships, ÜNLÜ & Co employees are actively involved in social responsibility projects. They ded
Slide 23: Disclaimer
Disclaimer This presentation or report has been prepared by ÜNLÜ Yatırım Holding A.Ş. and its affiliates («ÜNLÜ & Co») for information purposes and the information in its content must be considered strictly confidential. It cannot be partially or completely reproduced, copied, used for any other pur
Slide 24: Thank you
Thank you Ahi Evran Cad. Polaris Plaza No: 21 İç Kapı No: 11 34485 Maslak, Sarıyer - İstanbul, Türkiye T : +90 (212) 367 36 36 | F : +90 (212) 346 10 40 | E : investor.relations@unluco.com Investor Relations © 2023 ÜNLÜ & Co | All Rights Reserved 24
ÜNLÜ Yatırım Holding A.Ş. — 9M 2023 Earnings Presentation on 6ix