Is Yatirim Menkul Degerler As · BIST:ISMEN
Is Yatirim Menkul Degerler As — İş Yatırım Menkul Değerler A.Ş. (İş Investment) — FY2023 Earnings Presentation
29 slides from Is Yatirim Menkul Degerler As's earnings presentation, Mar 18, 2024
Slide 1: ISMEN Performance & Financial Results 2023
ISMEN Performance & Financial Results 2023 March 18, 2024
Slide 2: Trending Topics
Trending Topics normalization number of investors Elon Musk Israel dividend buy-back portfolio index bond 100th Year #bist Mehmet Şimşek immigrant Dollar advice USA rate SDGsEuropean Union Russia earthquake podcast currency candidate gold renewable energy strike bankartificial ISMEN monetary policy
Slide 3: ISMEN Performance & Financial Results
ISMEN Performance & Financial Results About Us Operational Performance Financial Results
Slide 4: About Us
About Us Shareholding Structure Vision, Mission and Corporate Values Isbank & Free Float Isbank 29% Group Companies VISION MISSION CORPORATE VALUES %71 To be the leader and • Offer a wide range of • Laws, ethical and governance the most reliable investment banking services abiding investment institu
Slide 5: About Us
About Us Established in 1996 TL 15.973 Mn TL 41.994 Mn 582 as the investment banking arm of İşbank TL 0.5 Mn TL 0.5 Mn 42 Shareholders' Equtiy Total Assets Employees 1996 2023 1996 2023 1996 2023 31 Branches -Inflation accounting implemented 2023 financial figures.
Slide 6: About Us: Widespread Branch Network
About Us Widespread Branch Network Ataşehir Yeşilyurt Güneşli Taksim Kalamış Beylikdüzü* Levent Bağdat Caddesi* Maslak Bahçeşehir* Maltepe Tuzla** Nişantaşı İstanbul Ankara Samsun Anadolu Trabzon Başkent Bursa Ankara Eskişehir 9 Eylül İzmir Kayseri İzmir Diyarbakır Ege Denizli* Bodrum Adana Antalya
Slide 7: About Us: Subsidiaries
About Us Subsidiaries MAXIS INVESTMENTS MAXIS VENTURE CAPITAL EFES NPL MANAGEMENT (100.0%) PORTFOLIO MANAGEMENT (85.1%) London headquartered (100.0%) Mainly specializes in managing subsidiary to serve Establish and manage venture banks’ NPLs and restructuring brokerage activities capital investment
Slide 8: İş Investment Has Become a Signatory of the UN Global Compact!
About Us A Signatory of the UN Global Compact! İş Investment Has Become a Signatory of the UN Global Compact! We continue to take responsibility to create long-term value and a sustainable future. As a result of the steps we have taken to continuously improve ESG practices, the UN Global Compact sig
Slide 9: About Us: Main Business Lines
About Us Main Business Lines Main Business Lines Brokerage & Trading Corporate Finance Investment Advisory Asset Management Research
Slide 10: About Us: Share in the Brokerage Sector
About Us Share in the Brokerage Sector Sector Rank in Key Financial Figures Sector Share in Key Financial Figures İş Investment – 2023/9* Rank İş Investment – 2023/9* Share (%) 1 18 Total Assets Total Assets 1 21 Shareholders’ Equity Shareholders’ Equity 1 20 Total Revenues Total Revenues 1 26 Net P
Slide 11: About Us: Efficiency
About Us Efficiency Cost/Income Ratio Return on Average Equity 130% 130% 113% 110% 107% 110% 90% 90% 75% 70% 69% 70% 57% 51% 56% 44% 50% 42% 41% 50% 45% 41% 33% 40% 33% 30% 26% 30% 23% 22% 15% 14% Sector* İş Investment Sector* İş Investment 10% 10% 2019 2020 2021 2022 2023/9 2019 2020 2021 2022 2023
Slide 12: ISMEN Performance & Financial Results
ISMEN Performance & Financial Results About Us Operational Performance Financial Results
Slide 13: Operational Performance: Equities
Operational Performance Equities Equity Market - Borsa Istanbul İş Investment 8.000 12,0% 10,3% 7.000 9,5% 10,0% 65.481 6.000 8,1% 8,6% 8,3% 6.720 8,0% 5.000 4.000 6,0% 35.412 3.000 4,0% 2.000 6.720 13.189 15.027 2,0% 4.260 1.000 1.255 1.285 0 347 0,0% '19 '20 '21 '22 '23 '19 '20 '21 '22 '23 Trading
Slide 14: Operational Performance: Derivatives
Operational Performance Derivatives Turkish Derivatives Market (VIOP) İş Investment 23.322 2.500 12,0% 10,8% 10,6% 2.276 10,0% 2.000 9,5% 9,3% 9,8% 15.775 8,0% 1.500 1.493 6,0% 8.945 1.000 4,0% 5.737 947 500 2.872 535 2,0% 311 0 0,0% '19 '20 '21 '22 '23 '19 '20 '21 '22 '23 Trading Volume (TL Billion
Slide 15: Corporate Finance - Debt Securities Issuances
Operational Performance Corporate Finance - Debt Securities Issuances Debt Securities Issuances - Market İş Investment 500 Total Issuance Size (TL Billion) Number of Issuances 2.000 1.854 1.813 60 Issuance size (TL Billion) Number of issuances 140 450 1.800 119 459,2 400 1.600 50 120 1.330 105 53,0
Slide 16: Corporate Finance – IPOs
Operational Performance Corporate Finance – IPOs Consortium member for July 2023 October 2023 36 IPOs with IPO Ratio IPO Ratio 20.34% 20.09% total size of TL 60 bn IPO Size IPO Size TL 1.1 Billion TL 6.8 Billion $ 41.5 Million $ 244.0 Million We intermediated ATAKP and TABGD IPOs as the consortium l
Slide 17: Assets Under Management – Equity Loans
Operational Performance Assets Under Management – Equity Loans AuM - İş Asset Management Equity Loans - İş Investment 7.000 16,0% 14,4% 6.270 Assets Under Managament 14,0% 2022 2023 Change (%) 6.000 12,6% (TL Mn) 11,2% 12,0% 5.000 Mutual Funds 80.310 174.211 117 9,3% 10,0% 3.831 4.000 8,0% Pension F
Slide 18: ISMEN Performance & Financial Results
ISMEN Performance & Financial Results About Us Operational Performance Financial Results
Slide 19: Revenue Generation Structure
Financial Results Revenue Generation Structure Operating Revenues Commission Income Subsidiaries Non-Commission Income Brokerage Private Equity Financial Investments Equity Loans & Treasury Transactions Corporate Finance Investment Trust Equities Asset Management NPL Management Fixed Income Securiti
Slide 20: Highlighted Figures Regarding Not Implemented Inflation Accounting
Financial Results Highlighted Figures Regarding Not Implemented Inflation Accounting İş Investment - Consolidated (TL 000) 2022 2023 y/y (%) Operating Revenues 7.566.497 14.220.653 88 Operating Profit 5.258.851 12.171.688 131 Net Profit 4.331.632 9.344.228 116 - Consolidated figures that are not imp
Slide 21: Glance at Inflation Adjusted Financial Statements
Financial Results Glance at Inflation Adjusted Financial Statements İş Investment - Consolidated (TL 000) 2022 2023 y/y (%) Shareholders’ Equity 11.485.623 15.972.884 39 Operational Revenues 13.421.864 16.416.831 22 Operating Profit 9.243.798 13.780.607 49 Net Monetary Positions Gains / (Losses) (3.
Slide 22: Breakdown of Operating Revenues
Financial Results Breakdown of Operating Revenues Operating Revenues (TL 000) 2022 2023 y/y (%) Interest, Trading and Financial Investments 10.295.758 11.981.569 16 Commission 3.126.106 4.435.262 42 TOTAL 13.421.864 16.416.831 22 Breakdown of Operating Revenues Percentage Breakdown of Op. Rev. – 202
Slide 23: Breakdown of Commissions
Financial Results Breakdown of Commissions Commission Revenues (TL 000) 2022 2023 y/y (%) Brokerage 2.332.201 2.845.279 22 Corporate Finance 79.726 207.909 161 Asset Management 714.179 1.382.074 94 TOTAL 3.126.106 4.435.262 42 Commission Revenues – 2023 Revenue Breakdown of Brokerage – 2023 2.500 TL
Slide 24: Breakdown of Operating Expenses
Financial Results Breakdown of Operating Expenses Operating Expenses (TL 000) 2022 2023 y/y (%) Marketing, Sales and Distribution Expenses 653.082 901.459 38 General Administrative Expenses 1.902.546 2.684.967 41 Other Operating Expenses 9.498 6.435 (32) TOTAL 2.565.126 3.592.861 40 Operating Expens
Slide 25: Liquidity and Financial Position
Financial Results Liquidity and Financial Position 3,75 1,66 1,64 1,43 1,26 1,24 0,99 0,99 Current Assets /Short Term Liabilities Current Assets / Total Liabilities Total Liabilities / Equity Short Term Liabilities / Total Liabilities 2022 2023
Slide 26: Price Performance & Daily Trading Volume
Financial Results Price Performance & Daily Trading Volume Price Performance - ISMEN Daily Trading Volume (TL) - ISMEN Market Cap TL mn Close TL 2.500.000.000 70.000,00 50,00 45,00 2.000.000.000 60.000,00 40,00 50.000,00 35,00 1.500.000.000 40.000,00 30,00 30.000,00 25,00 1.000.000.000 20,00 20.000,
Slide 27: Investor Relations
Investor Relations Fatih Mehmet Yılmaz Deputy CEO Phone : +90 0212 350 25 00 Fax : +90 0212 350 25 01 E-mail : fyilmaz@isinvestment.com The Investor Relations is responsible for the timely communication of necessary, accurate, complete, comprehensible and easily accessible information and explanatio
Slide 28: Disclaimer
Disclaimer The information in this report is prepared by “IS YATIRIM MENKUL DEGERLER A.S.” (IS Investment) and it is not to be construed as an offer or solicitation for the purchase or sale of any financial instrument or the provision of an offer to provide investment services. Information, opinions
Slide 29: ISMEN Performance & Financial Results 2023
ISMEN Performance & Financial Results 2023 March 18, 2024
İş Yatırım Menkul Değerler A.Ş. (İş Investment) — FY2023 Earnings Presentation on 6ix