Is Gayrimenkul Yatirim Ortakligi A.s. · BIST:ISGYO
Is Gayrimenkul Yatirim Ortakligi A.s — İş Gayrimenkul Yatırım Ortaklığı A.Ş. (İş REIC) — Investor Presentation (December 2023)
22 slides from Is Gayrimenkul Yatirim Ortakligi A.s's investor presentation, Dec 31, 2023
Slide 1: isgyo.com.tr
isgyo.com.tr Sınıflandırma: GENEL | Classification: PUBLIC
Slide 2: Investor Presentation 31.12.2023
INVESTOR PRESENTATION 31.12.2023 Sınıflandırma: GENEL | Classification: PUBLIC
Slide 3: About İş REIC
About İş REIC IS REIC was established in 1999, by the strategic partnership of Isbank. • Mcap TL 14.870 mn • Asset Size TL 33.155 mn Total Mcap of the sector is ~ TL 330 bn. • Equity Size TL 27.033 mn • Real Estate Portfolio TL 30.399 mn • Rental Portfolio Size TL 21.100 mn • Rental Income for 2023
Slide 4: Why İş REIC?
Why İş REIC? Diversified real estate portfolio Office 51%, project 30%, retail 18% Solid & growing rental income ~TL 872 mn rental income for 2023 Financially strong tenants & long-term leases 44% of the rental income comes from İş Group Share of investment models with long-term leases (Turn-key 25
Slide 5: Real Estate Portfolio
REAL ESTATE PORTFOLIO Sınıflandırma: GENEL | Classification: PUBLIC
Slide 6: Real Estate Portfolio
Real Estate Portfolio Inventories; Land; 0,3% 0,8% Real Estate Portfolio Value Projects; 29,5% TL mn % Share Office; 51,1% Office 15.534 51,1% Retail; Rental Portfolio 18,3% Retail 5.566 18,3% 21.100 69,4% Project 8.966 29,5% Land 101 0,3% Inventories 230 0,8% Total 30.398 100% Sınıflandırma: GENEL
Slide 7: Rental Portfolio
RENTAL PORTFOLIO Sınıflandırma: GENEL | Classification: PUBLIC
Slide 8: Office Investments
Office Investments Ankara İş Tower İş Towers İş Towers TUTOM Maslak Office Tower 2 Tower 3 Office Lamartine 2023 Rental TL 301 TL 80 mn TL 56 mn TL 27 mn Income mn Appraisal TL 6.587 TL 3.258 TL 3.307 TL 2.382 mn Value mn mn mn % share in office 42% 21% 22% investments 48% 20% 19% Represent 85% of t
Slide 9: Retail Investments
Retail Investments Kanyon Marmara Ege Perla Shopping Others Park AVM AVM Center * 2023 Rental TL 186 mn TL 174 mn TL 25 mn TL 23 mn Income Appraisal Value TL 2.450 mn TL 1.750 mn TL 672 mn TL 694 mn 49% 20% 21% 49% 20% 21% % share in retail 43% 32% 12% investments Represent 88% of the total retail i
Slide 10: Real Estate Projects
REAL ESTATE PROJECTS Sınıflandırma: GENEL | Classification: PUBLIC
Slide 11: İstanbul Finance Center Project
İstanbul Finance Center Project Location: Ataşehir, İstanbul Project Type: A mixed use project (office & commercial) Estimated saleable/leasable area: ≈ 33K sqm Income Projection Estimated development cost*: ≈ $105 mn Estimated annual rental income**: $ 9.5 mn (*) Excluding land cost, finance cost&V
Slide 12: Litus İstanbul Residential Project
Litus İstanbul Residential Project Location : Altunizade, Istanbul Project Type: Residential project with commercial area Investment Model: 50-50 revenue and cost sharing with Tecim Estimated Development Cost: $75 mn Project Details: 6 residential blocks, 1 office block and partial commercial area N
Slide 13: Ömerli Kasaba Evleri and Balmumcu Residential Projects
Ömerli Kasaba Evleri Project Balmumcu Residential Project Location : Ömerli, Istanbul, Location : Gayrettepe, Istanbul Land Area: 73K sqm Project Type: Residential (70 Units) Project Type: 165 villa/townhouse Estimated Development Cost Including Land: $23 mn Investment Model: İş REIC's share ~44%. T
Slide 14: Tuzla Residential and Profilo Residential Projects
Tuzla Residential Project Profilo Residential Project Location : Tuzla, Istanbul Location : Şişli, Istanbul Acqusition Date: January, 2023 Land Area : ~ 53K sqm Investment Model: Revenue sharing agreement in Project Type: Residential Project consisting of return for land share. ~1000 units Within th
Slide 15: Dividend Payout
DIVIDEND PAYOUT Sınıflandırma: GENEL | Classification: PUBLIC
Slide 16: Dividend Payout
Dividend Payout According to the Dividend Policy, if the Company decides to distribute profits; “dividend must be at least 30% of the total distributable income in the form of cash or bonus share”. ▪ In the last 5 year period, the Company did not distribute cash dividend in order to optimize the cas
Slide 17: Financials
FINANCIALS Sınıflandırma: GENEL | Classification: PUBLIC
Slide 18: Balance Sheet & Income Statement
Balance Sheet & Income Statement TL, mn 31.12.2023 TL, mn 31.12.2023 ASSETS 33.155,0 LIABILITIES 33.155,0 Current Assets 4.150,7 Short-term Liabilities 3.681,9 Non-current Assets 29.004,3 Long-term Liabilities 2.440,0 Equity 27.033,1 INCOME STATEMENT 31.12.2023 31.12.2022 TL, mn Sales Revenue 1.253,
Slide 19: Debt & Cash Position
Debt & Cash Position Cost of Debt Outstanding Loans % Loan TL mn Bank Loans 46,5-49,5% 2.902 Bills & Bonds 39-48% 2.000 Total 4.902 639 Financial Debt Cash, TL mn Total Financial Debt, TL mn 4.902 Net Debt, TL mn 4.263 41% Total Financial Debt/Assets 15% 59% Bank Loans Bills & Bonds Sınıflandırma: G
Slide 20: Stock Performance
STOCK PERFORMANCE Sınıflandırma: GENEL | Classification: PUBLIC
Slide 21: Stock Price vs Index Performance
Stock Price vs Index Performance Stock Price - Index Performance (%) 31.12.2023 01.01.2023 - 31.12.2023 P/BV 0,55 BIST 100 36 Avg. Trade Volume TL 299 mn XGMYO 17 ISGYO 46 Sınıflandırma: GENEL | Classification: PUBLIC
Slide 22: Investor Relations & Sustainability
Investor Relations & Sustainability Ayşegül Şahin Kocameşe Assistant General Manager Phone : 0 850 724 23 50 E-mail : aysegul.sahin@isgyo.com.tr Mine Kurt Yıldırım Manager Investor Relations & Sustainability Phone : 0 850 724 23 50 This presentation has been prepared in order to inform investors. E-
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