Is Yatirim Menkul Degerler As · BIST:ISMEN
Is Yatirim Menkul Degerler As — H1 2022 Earnings Presentation
28 slides from Is Yatirim Menkul Degerler As's earnings presentation, Aug 1, 2022
Slide 1: Performance & Financial Results 1H22
Performance & Financial Results 1H22 August 1, 2022
Slide 2: Trending Topics in 1H22
Trending Topics in 1H22 elon musk generation X-Y-Z index bond bitcoin #bist Türkiye portfolio europe vaccine dollar new investor brent ISMEN point borsa istanbul Russia #NFT earth podcast#btcnew money stock bank warrant gold normalization central bank interest oil advice price overdraft stock swap i
Slide 3: About Us / Operational Performance / Financial Results
About Us Operational Performance Financial Results
Slide 4: About Us
About Us TL 3,8 Bn TL 18,6 Bn 432 TL 0,5 Mn TL 0,5 Mn 42 Shareholders' Equtiy Total Assets Employees 1996 2022/6 1996 2022/6 1996 2022/6 Established in 1996 as the investment %63 banking arm of İşbank 23 ROAE Branches 2022/6 Shareholders’ equity and total assets of IS Investment reached TL 3,8 bn an
Slide 5: About Us: Shareholding Structure, Vision, Mission and Corporate Values
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 6: 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 Already started to invest in banks’ NPLs and restructuring brokerage activities startups and renewa
Slide 7: About Us: Main Business Lines
About Us Main Business Lines Main Business Lines Brokerage & Trading Corporate Finance Investment Advisory Asset Management Research
Slide 8: 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 IS Investment – 2022/3* Rank IS Investment – 2022/3* Share (%) Total Assets 1 Total Assets 23 Shareholders’ Equity 1 Shareholders’ Equity 15 Brokerage & Service Revenues 1 Brokerage & Se
Slide 9: About Us: Efficiency
About Us Efficiency Cost/Income Ratio Return on Average Equity 70% 67% 70% 69% 59% 60% 57% 60% 51% 54% 49% 50% 50% 45% 44% 42% 41% 42% 40% 40% 40% 40% 33% 35% 31% 33% 30% 26% 30% 23% 23% 22% 20% 20% 16% Sector* IS Investment 19% Sector* IS Investment 10% 10% 2017 2018 2019 2020 2021 2022/3 2017 2018
Slide 10: About Us / Operational Performance / Financial Results
About Us Operational Performance Financial Results
Slide 11: Operational Performance: Equities
Operational Performance Equities Equity Market - Borsa Istanbul IS Investment 1.255 1.285 10,0% 8,5% 9,0% 1.200 9,5% 8,6% 7,8% 8,0% 15.027 8,1% 1.000 7,8% 852 7,0% 13.189 800 6,0% 10.982 668 5,0% 600 7.860 4,0% 347 3,0% 400 309 3.987 4.260 2,0% 200 1,0% 0 0,0% '18 '19 '20 '21 '21/6 '22/6 '18 '19 '20
Slide 12: Operational Performance: Derivatives
Operational Performance Derivatives Turkish Derivatives Market (VIOP) IS Investment 8.945 1.000 14,0% 12,2% 900 947 6.721 12,0% 800 10,8% 10,6% 9,6% 5.737 9,3% 10,0% 700 8,9% 600 8,0% 597 3.724 500 535 2.872 6,0% 400 2.520 300 386 4,0% 308 311 200 2,0% 100 0 0,0% '18 '19 '20 '21 '21/6 '22/6 '18 '19
Slide 13: Operational Performance: Corporate Finance - Debt Securities Issuances
Operational Performance Corporate Finance - Debt Securities Issuances Debt Securities Issuances - Market IS Investment 300 Total Issuance Size (TL Billion) Number of Issuances 1.600 25 120 Issuance size (TL Billion) Number of issuances 108 1.383 1.330 1.400 105 250 1.254 1.294 100 20 21,3 258,4 1.20
Slide 14: Operational Performance: Assets Under Management – Equity Loans
Operational Performance Assets Under Management – Equity Loans AuM - IS Asset Management Equity Loans - IS Investment 2.500 16,0% Assets Under Managament 14,4% 2.135 30.06.2021 30.06.2022 Change (%) 14,0% (TL Mn) 2.000 11,2% 12,0% 1.646 Mutual Funds 29.970 49.242 64 9,3% 10,0% 1.500 1.193 Pension Fu
Slide 15: About Us / Operational Performance / Financial Results
About Us Operational Performance Financial Results
Slide 16: Revenue Generation Structure
Financial Results Revenue Generation Structure Operating Revenues Commission Income Subsidiaries Non-Commission Income Brokerage Private Equity Equity Loans Sales & Trading Corporate Finance Investment Trust Equities Asset Management NPL Management Fixed Income Securities Other Mutual Funds Warrants
Slide 17: Main Consolidated Financial Figures
Financial Results Main Consolidated Financial Figures IS Investment - Consolidated (TL 000) 1H21 1H22 y/y (%) Total Assets 8.175.093 18.591.182 127 Shareholders' Equity 2.196.706 3.774.863 72 Net Profit 636.517 1.265.383 99 TL Mn 18.591 80% 18.000 76% 67,5% 72% 16.000 63,3% 68% 14.213 64% 14.000 60%
Slide 18: Consolidation
Financial Results Consolidation Consolidated Net Profit = [IS Investment Non-consolidated Net Profit + Contributions from Subsidiaries] – Elimination Adjustments Net Profit (TL Mn) 1H21 1H22 y/y (%) IS Investment Non-consolidated Net Profit IS Investment Only 616,4 1.191,9 93 Contributions from Subs
Slide 19: Breakdown of Operating Revenues
Financial Results Breakdown of Operating Revenues Operating Revenues (TL 000) 1H21 1H22 y/y (%) Interest and Trading Income 729.442 1.541.184 111 Commission Income 440.072 626.934 42 TOTAL 1.169.514 2.168.118 85 Revenue Breakdown of Op. Rev. – 1H22 Percentage Breakdown of Op. Rev. – 1H22 Other 8% Br
Slide 20: Breakdown of Commissions
Financial Results Breakdown of Commissions Commission Revenues (TL 000) 1H21 1H22 y/y (%) Brokerage 337.822 471.382 40 Corporate Finance 31.974 16.233 (49) Asset Management 70.276 139.319 98 TOTAL 440.072 626.934 42 Commission Revenues – 1H22 Revenue Breakdown of Brokerage – 1H22 360 TL mn Asset 310
Slide 21: Breakdown of Operating Expenses
Financial Results Breakdown of Operating Expenses Operating Expenses (TL 000) 1H21 1H22 y/y (%) Marketing, Sales and Distribution Expenses 96.083 137.943 44 General Administrative Expenses 257.710 403.104 56 Other Operating Expenses 1.782 1.588 (11) TOTAL 355.575 542.635 53 Operating Expenses – 1H22
Slide 22: Quarterly Comparison
Financial Results Quarterly Comparison Key Financial Figures (TL Mn) 1Q22 2Q22 Change (%) Operating Revenues 929,4 1.238,7 33 -Commission Revenues 301,0 325,9 8 -Interest & Trading Revenues 628,4 912,8 45 Operational Expenses 242,9 299,7 23 Net Profit 558,0 707,4 27 2Q22 operating revenues and net p
Slide 23: Liquidity and Financial Position
Financial Results Liquidity and Financial Position 4,87 3,82 3,62 3,52 3,01 1,21 1,20 1,32 1,27 1,27 1,17 1,18 1,29 1,25 1,25 0,97 0,98 0,98 0,98 0,99 Current Assets /Short Term Liabilities Current Assets / Total Liabilities Total Liabilities / Equity Short Term Liabilities / Total Liabilities 2018
Slide 24: Efficiency Ratios
Financial Results Efficiency Ratios Cost/Income Ratio - ISMEN ROAE - ISMEN 70% 68% 70% 63% 60% 60% 51% 52% 50% 50% 41% 40% 40% 31% 41% 28% 31% 30% 25% 30% 20% 20% IS Investment IS Investment 10% 10% 2018 2019 2020 2021 2022/6 2018 2019 2020 2021 2022/6 -Consolidated figures, Operating Expenses/Opera
Slide 25: Price Performance & Daily Trading Volume
Financial Results Price Performance & Daily Trading Volume Price Performance - ISMEN Daily Trading Volume (TL) - ISMEN 110 9.000 Relative to Market Cap BIST 100 (TL Mn) 8.000 200.000.000 100 180.000.000 7.000 90 160.000.000 6.000 140.000.000 80 5.000 120.000.000 70 4.000 100.000.000 80.000.000 3.000
Slide 26: Investor Relations
Investor Relations Kenan Ayvacı Deputy CEO Phone : +90 0212 350 25 00 Fax : +90 0212 350 20 01 E-mail : kayvaci@isinvestment.com Fatih Mehmet Yılmaz Financial Director The Investor Relations is responsible for the timely communication of necessary, accurate, complete, comprehensible and easily acces
Slide 27: 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 28: Performance & Financial Results 1H22
Performance & Financial Results 1H22 August 1, 2022
Is Yatirim Menkul Degerler A.S. (IS Investment) — H1 2022 Earnings Presentation on 6ix