Unlu Yatirim Holding A.s. · BIST:UNLU
Unlu Yatirim Holding A.s — ÜNLÜ Yatırım Holding A.Ş. — FY2023 Earnings Presentation
29 slides from Unlu Yatirim Holding A.s's earnings presentation, Apr 18, 2024
Slide 1: 2023 Full Year Financial Results
ÜNLÜ Yatırım Holding A.Ş. 2023 Full Year Financial Results Investor Relations April 2024
Slide 2: Disclaimer on IAS 29
Disclaimer on IAS 29 With its decision dated 28.12.2023 numbered 81/1820, Capital Markets Board (“CMB”) of Türkiye announced that the issuers and capital market institutions which are subject to the financial reporting regulations of the Capital Markets Board shall prepare their annual financial sta
Slide 3: Agenda
Agenda 2023 Full Year Financial Results: Key Takeaways 4 Financial Statements and Performance 5 Developments by Business Lines 12 Financial Performance w/o IAS 29 17 Evaluation of 2023 Results with Our Year-end Targets 21 Appendices About ÜNLÜ & Co 24 Shareholder Structure and Group Companies 25 Sus
Slide 4: 2023 Full Year Results: Key Takeaways
2023 Full Year Results: Key Takeaways Important Themes TL 157,8 mn Profit Before Tax TL 2,7 bln Despite the earthquake disaster that deeply affected the country and other uncertainties in Q1, 33% increase compared to last year Total Assets elections and the negative effects of inflation and exchange
Slide 5: Financial Statements and Performance
Financial Statements and Performance IAS 29 applied, Audited figures
Slide 6: ÜNLÜ Yatırım Holding A.Ş. as of end of 2023
ÜNLÜ Yatırım Holding A.Ş. as of end of 2023 ₺ 1,52 bn ₺ 36,2 mn 89% Core Revenues Net Profit Share of Recurring Revenues ₺ 2,7 bn ₺ 1,57 bn 41% Total Assets Shareholders’ Equity EBITDA Margin ₺ 24,6 bn ₺ 5,35 bn ₺ 299 mn ₺ 4,4 bn DAHA AuC (*) Investment Alternative NPL Portfolio (*): Assets Under Co
Slide 7: Financial Statements and Performance
Financial Statements and Performance In 2023, the Company’s Core Revenues (*) increased by 16% y/y and reached TL 1,52 bn.2020 Comprehensive Income reached TL 157,8 mn (y/y 33%). Summary Income Statement (TL) 12M23 12M22 DYoY ? IAS 29 Adjustments Core operating revenues 1,518.2 1,304.0 16% Marketing
Slide 8: Financial Statements and Performance
Financial Statements and Performance As of end of 2023; Total Revenues (*) at TL 1,81 bn, EBITDA at TL 741,5 mn, Net Profit at TL 36,2 mn (y/y 96%). EBITDA Margin 41%, Profit Margin 2%, and RoE 3%. Operational profitability 12M23 12M22 D YoY Extended Revenues 1,809.8 1,506.7 20% ? IAS 29 Adjustments
Slide 9: Financial Statements and Performance
Financial Statements and Performance As of end of 2023, consolidated assets are TL 2,7 bn (y/y -11%), financial leverage increased, shareholders’ equity is TL 1,57 bn (y/y -6%). Summary Balance Sheet (TL mn) 12M23 12M22 D YoY Total Assets 2,703 3,032 -11% ? IAS 29 Adjustments Current Assets 2,117 2,
Slide 10: Financial Statements and Performance
Financial Statements and Performance 2018 2019 2020 Revenues from business lines reached TL 1,52 bn by the end of 2023 (y/y +16%). The admiral ship for the year was the NPL business line. Investment Advisory and Treasury’s contribution to revenues continued to increase. Revenues by Business Line (TL
Slide 11: Financial Statements and Performance
Financial Statements and Performance Revenues from NPL Business Line (with and w/o IAS 29) 2018 2019 2020 *Source: Public Disclosure Platform (“KAP”) data (audited financial statements w/ IAS 29 dated 31 December 2023 without IAS 29) The financial results of our NPL subsidiary are restated and conso
Slide 12: Developments by Business Lines
Developments by Business Lines
Slide 13: NPL Business Line
2023 Financial Results w/o IAS 29, financials submitted to BRSA were taken into account.) NPL Business Line NPL Sector 2023 Collections: TL 457.3 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 Performa
Slide 14: Corporate Finance Business Line
Corporate Finance Business Line M&A Transactions 2023 Revenues: TL 113.7 mn (y/y -18%) There was 1 transaction signed in Q4, and the necessary 2022 Revenues: TL 138 mn permissions/approvals are awaited for closing. Advised Koç Holding on sale of its 49% shares in Tat Gıda. Corporate Finance Revenues
Slide 15: Investment Advisory: DAHA and Fund Management
Investment Advisory: DAHA and Fund Management 2023 Revenues: TL 360.7 mn DAHA Thanks to our new mobile application «Piapiri», which we introduced in line with our DAHA: TL 330.9 mn (y/y +9%) Digitalization Strategy, our customer onboarding from digital channels accelerated and 79% of the accounts op
Slide 16: Institutional Sales Business Line
Institutional Sales Business Line 2023 Revenues: TL 186.1 mn Performance of the Business Line Recurring Revenues : TL 128.4 mn (y/y -21%) The share of Other Revenues* increased by 150% y/y in 2023. Other Revenues(*): TL 57.7 mn (y/y +150%) Important Headlines Sector Developments In addition to the h
Slide 17: Financial Performance (w/o IAS 29)
Financial Performance (w/o IAS 29)
Slide 18: Financial Statements and Performance (w/o IAS 29)
(2023 Financial Results w/o IAS 29) Financial Statements and Performance As of end of 2023, consolidated assets reached TL 2,42 bn (y/y +41%), financial leverage increased, shareholders’ equity reached TL 1,3 bn (y/y +46%). Summary Balance Sheet (TL mn) 12M23 12M22 D YoY 9M23 D QoQ Total Assets 2,42
Slide 19: Financial Statements and Performance (w/o IAS 29)
(2023 Financial Results w/o IAS 29) Financial Statements and Performance 2018 2019 2020 As of end of 2023; Total Revenues (*) at TL 1,52 bn, EBITDA at TL 614,9 mn, Net Profit TL 526,8 mn (y/y 96%). EBITDA Margin reached 40%, Profit Margin 35%, and RoE 48%. Operational profitability 12M23 12M22 D YoY
Slide 20: Financial Statements and Performance (w/o IAS 29)
(2023 Financial Results w/o IAS 29) Financial Statements and Performance 2018 2019 2020 Revenues from business lines reached TL 1,26 bn by the end of 2023 (y/y +83%). The admiral ship for the period was the NPL business line. Investment Advisory and Treasury’s contribution to revenues continued to i
Slide 21: Evaluation of 2023 Results with Our Year-end Targets
Evaluation of 2023 Results with Our Year- end Targets (w/o IAS 29)
Slide 22: Evaluation of 2023 Results with Our Year-end Targets (w/o IAS 29)
Evalution of 2023 Results with Our Year-end Targets (w/o IAS 29) Goal and Projection Status as of end of 2023 2023 Year-end Target Extended Revenues in 2023 TL 1,52 bn TL 1.25 billion Profit before Tax in 2023 TL 643 mn TL 550 million We expect that Recurring Revenues’ share in our total income will
Slide 23: Appendices
Appendices
Slide 24: 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 25: ÜNLÜ & Co – Ownership and Group Structure
ÜNLÜ & Co – 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 Alternative Asset Alternative 212 Yazılım ve Investments ÜNLÜ Menkul ÜNLÜ Port
Slide 26: ÜNLÜ & Co – Sustainability
ÜNLÜ & Co – Sustainability ÜNLÜ & Co initiated preparations for a corporate transformation journey towards sustainability in the final quarter of 2023. With a cradle-to-cradle approach, the Company aims to develop a roadmap to align its operational and organizational processes with the global sustai
Slide 27: ÜNLÜ & Co – Sustainability
ÜNLÜ & Co – Sustainability ÜNLÜ & Co’s Key NGO and Association Alliances ÜNLÜ & Co’s Key Awards CX Awards - 2024 "Best Digital Customer Experience" Financial Institution Award - Piapiri %30 Club - 10th Turkey Women Directors Conference– 2023 Empowered Board of Directors in Newly Listed Companies wit
Slide 28: 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 29: 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 © 2024 ÜNLÜ & Co | All Rights Reserved 29
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