Halk Gayrimenkul Yatirim Ortakligi As · BIST:HLGYO
Halk Gayrimenkul Yatirim Ortakligi As — Halk Gayrimenkul Yatırım Ortaklığı A.Ş. — Q3 2014 Earnings Presentation
21 slides from Halk Gayrimenkul Yatirim Ortakligi As's earnings presentation, 2014
Slide 1: Q3 2014 Investor Presentation
2014 Q3 INVESTOR PRESENTATION
Slide 2: About Halk GYO
ABOUT HALK GYO Halk GYO was established in 2010, that invests in real estates, real estate based rights, real estate projects 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 30.09.2014; Halk GYO
Slide 3: Real Estate Portfolio Distribution of Real Estate Portfolio
REAL ESTATE DISTRIBUTION OF PORTFOLIO REAL ESTATE PORTFOLIO 1.382 Million TL Buildings Lands 31% 43% 492,5 Million TL Projects 26% Last Appraisal Values (October 2014) Lands & Projects Appraisal Values 69% (Establishment) (October 2010) 3
Slide 4: Real Estate Portfolio Regional Dispersal
REAL ESTATE PORTFOLIO REGIONAL DISPERSAL Sancaktepe Land “Dedeman Park Levent “ Otel Project İstanbul “Finance Center“ Project’s Land “Referans Kocaeli Şekerpınar Bakırköy” “Operational Center” Project Project Eskişehir “Panorama Plus” Project Buildings, Lands and Projects 4
Slide 5: Real Estate Portfolio Table
REAL ESTATE PORTFOLIO TABLE Net Book Last Appraisal Values (TL) Values (TL) REAL ESTATES İstanbul Finance Center Land 241.783.508 517.170.060 Sancaktepe Land * 56.100.000. 80.000.000. Kocaeli Şekerpınar Banking Operation Center Project ** 57.238.381 141.367.384 Referans Bakırköy Project ** 28.506.90
Slide 6: Rental Income Ratios
RENTAL INCOME RATIOS Period Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Building Rent Revenue (TL) 4.073.794 6.896.228 7.000.728 6.958.874 7.053.976 7.057.301 7.065.163 7.661.113 7.550.257 7.521.320 7.370.114 9,2% 9,3% 9,3% 9,1% 8,3% 8,3% 8,4% 8,4% 8,5% 8,
Slide 7: Halkbank Finance Tower
COMPLETED PROJECTS HALKBANK FINANCE TOWER In 2012, we acquired this 23-floor Class A office tower located near the Istanbul Finance Center Project while it was under construction. The tower is leased to Halkbank for four years. Due to its premium location, this acquisition has already increased our
Slide 8: İstanbul Finance Center
ONGOING PROJECTS İSTANBUL FINANCE CENTER As Halk GYO, we are one of the major stakeholders of the Istanbul International Finance Center Project where we will build two office towers, one with 46 floors and the other with 34 floors. The project also comprises 3 buildings each with 8 floors. The Istan
Slide 9: Referans Bakırköy
ONGOING PROJECTS REFERANS BAKIRKÖY Referans Bakırköy Project is HalkGYO’s first residential project. The project is developed based on revenue sharing model with our Company’s 50,5 percent share from total sales revenue. The project is currently underway with the partnership of Biskon Yapı, an affil
Slide 10: Dedeman Park Levent
ONGOING PROJECTS DEDEMAN PARK LEVENT The construction of the project has begun on our land plot in Levent. It will be the first hospitality project on Halk GYO’s portfolio.The project will become one of the finest examples of urban hotels in Levent area in İstanbul. When completed, it will meet the
Slide 11: Eskişehir Panorama Plus
ONGOING PROJECTS ESKİŞEHİR PANORAMA PLUS The project is currently underway in the Odunpazarı District of City of Eşkisehir, one of the fastest growing cities of Turkey. The project Panorama Plus will be a unique component in the cityscape of Eskisehir with its 18-floor high rise tower, the tallest r
Slide 12: Kocaeli Şekerpınar
ONGOING PROJECTS KOCAELİ ŞEKERPINAR Halk GYO is also carrying out an banking operational center in Şekerpınar district of Kocaeli on a site of 15.652 sqm. The project will consist of a operation center, hospitality unit, training facilities, a conference center and other facilities. In the project,
Slide 13: Sancaktepe Residential Project
PLANNED PROJECTS SANCAKTEPE RESIDENTIAL PROJECT 98k sqm land plot in Sancaktepe district of Istanbul has been bought for TL 110.000.000 through the joint venture (50% Halk REIT / 50% Vakıf REIT) to build a residential project The land is close to transportation networks, malls, community lots and Is
Slide 14: Financial Data
FINANCIAL DATA 30.09.2014 BALANCE SHEET 30.09.2014 31.12.2013 ( TL) Current Assets 249.487.439 235.706.098 Non-Current Assets 701.769.448 654.425.796 Total Assets 951.256.886 890.131.894 “Net Profit” Short Term Liabilities 139.388.897 102.905.640 increased Deferred Income 107.365.390 95.401.043 %82
Slide 15: Distribution of Assets and Liabilities
DISTRIBUTION OF ASSETS AND LIABILITIES 30.09.2014 Distribution of Assets TL Distribution of Liabilities TL Buildings Lands and Projects Cash and Cash Equivalents Others Equities Deferred Income Financial Debts Others 951.256.886 TL 951.256.886 TL 890.131.894 TL %4 890.131.894 TL %2 %2 %7 %11 %11 %5
Slide 16: Balance Sheet Items
BALANCE SHEET ITEMS Thousand TL Y-o-Y 951.256 905.535 914.836 890.131 Assets 10% 867.935 853.944 838.951 797.936 785.355 Shareholder’s Equity 6% 769.176 779.029 672.771 672.434 679.653 679.034 747.182 754.010 741.360 512.210 515.764 519.173 521.317 Lands and Projects 41% 459.377 336.074 335.497 356.
Slide 17: Income Statement Items
INCOME STATEMENT ITEMS TL Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Total Revenues 4.524.610 7.591.530 7.463.324 7.227.177 8.532.067 10.052.700 11.473.735 28.455.348 13.518.983 16.366.608 18.566.116 Rent Income 4.073.794 6.896.228 7.000.728 6.958.874 7.0
Slide 18: Distribution of Main Income Items
DISTRIBUTION OF MAIN INCOME ITEMS (TL) Real Estate Sale Income 29.000.451 Rent Finance Other 22.513.338 %62 17.126.024 %32 13.795.605 %21 11.947.323 %9 10.357.895 %33 8.635.549 %55 7.591.530 7.481.156 7.243.188 %44 %60 4.524.610 %70 %26 %18 %82 %90 %90 %93 %96 %34 %37 %30 %29 %10 %17 %10 %7 %17 %10
Slide 19: Distribution of Main Expense Items
DISTRIBUTION OF MAIN EXPENSE ITEMS (TL) Cost of Real Estate Sale Personal Finance 14.601.977 Amortization Advertisement %10 Property Tax %3 %3 Others %5 %1 10.138.236 %13 7.906.004 %5 %4 %6 %58 %16 - 5.099.937 5.360.285 %6 %19 %5 4.071.786 %14 4.328.791 4.299.496 %4 %1 4.036.981 %15 4.139.338 %12 %1
Slide 20: Targets
TARGETS Main Targets 2014 Targets To start the construction of the “Istanbul Finance Center (IFC)” project To be one of the leaders of Turkish REIT Sector To complete the construction of the “Referans Bakırköy” residential project To use our capital in the most effective way To complete the construc
Slide 21: Investor Relations Contact and Disclaimer
For further information please contact; Investor Relations Address: Şerifali Çiftliği Tatlısu Mahallesi Ertuğrulgazi Sokak No:1 34774 Yukarı Dudullu - Ümraniye / İSTANBUL E-mail: ir@halkgyo.com.tr Phone: +90 216 600 10 25 DISCLAIMER The information contained in this presentation has been prepared by
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