Halk Gayrimenkul Yatirim Ortakligi As · BIST:HLGYO
Halk Gayrimenkul Yatirim Ortakligi As — Halk Gayrimenkul Yatırım Ortaklığı A.Ş. — Q1 2017 Earnings Presentation
24 slides from Halk Gayrimenkul Yatirim Ortakligi As's earnings presentation, 2017
Slide 1: Investor Presentation 2017 / Q1
INVESTOR PRESENTATION 2017 / Q1
Slide 2: About Halk GYO
ABOUT HALK GYO Halk GYO, was established in 2010, invests in real estates, real estate projects, real estate based rights 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 March 31, 2017; Halk GYO
Slide 3: Real Estate Portfolio Distribution
REAL ESTATE DISTRIBUTION OF PORTFOLIO PORTFOLIO TL 1,867 Million Buildings %45 TL 492.5 Million Projects %55 Last Appraisal Values (March 2017) Establishment Appraisal Values (October 2010) 2
Slide 4: Real Estate Portfolio Regional Dispersal
REAL ESTATE PORTFOLIO REGIONAL DISPERSAL Istanbul “Bizimtepe Aydos “ Istanbul Residential Project “Park Dedeman Levent Hotel” Istanbul Financial Center Project Erzurum Istanbul Kocaeli “Şehristan Residential” “Referans Bakırköy “Şekerpınar Project” Project Residential Project Eskişehir “Panorama Plu
Slide 5: Real Estate Portfolio Table
REAL ESTATE PORTFOLIO TABLE Fair Value(TL) PROJECTS Current Status 1,012,993,221 Istanbul Financial Center Project In Construction *646,462,575 Istanbul Bizimtepe Aydos Residential Project In Construction 249,195,000 Erzurum Şehristan Residentials Project In Construction 93,189,000 Eskişehir Panoram
Slide 6: Rental Income Ratios
RENTAL INCOME RATIOS Period 2012 2013 2014 2015 2016 2017 Q1 Building Rent Revenue 24,929,624 28,837,553 29,759,463 41,596,681 47,227,457 13,064,463 (TL) 7.2% 6.6% 6.5% 6.5% 6.3% 5.9% Rent Income/ Last Appraisal Value 2012 2013 2014 * 2015 * 2016 * 2017 Q1 * •Salıpazarı and Caddebostan Buildings whi
Slide 7: Completed Projects: Halkbank Finance Tower
COMPLETED PROJECTS HALKBANK FINANCE TOWER In 2012, we acquired this 23-floor class A office tower located near the Istanbul International Finance Center Project while it was under construction. The tower has been leased to Halkbank. Being in Batı Ataşehir district, which is one of the closest areas
Slide 8: Completed Projects: Istanbul Referans Bakırköy
COMPLETED PROJECTS ISTANBUL REFERANS BAKIRKÖY Referans Bakırköy is Halk GYO’s first residential project. The project is developed based on a revenue sharing model in which our Company’s share is 50,5 percent. The project which carried out together with Biskon Yapı A,Ş,, an association of Kiler Holdi
Slide 9: Completed Projects: Park Dedeman Levent Hotel
COMPLETED PROJECTS ISTANBUL PARK DEDEMAN LEVENT HOTEL Park Dedeman Levent Hotel is the first hospitality project in Halk GYO’s portfolio, It meets the much felt need for business hotels on Mecidiyeköy- Maslak line, Istanbul. The occupancy permit for “Park Dedeman Levent” hotel project has been grant
Slide 10: Completed Projects: Eskişehir Panorama Plus
COMPLETED PROJECTS ESKiŞEHİR PANORAMA PLUS PROJECT The project located in Odunpazarı-Eskişehir, developed on an area of 9,811 sqm and covers 102 independent units consists 97 residential and 5 commercial units, 2 of which have been rented out by our Company. Panorama Plus is the first project which
Slide 11: Completed Projects: Şekerpınar Banking Center
COMPLETED PROJECTS ŞEKERPINAR BANKING CENTER Şekerpınar Banking Center which developed on our Şekerpınar-Kocaeli land which was purchased in September 2012, has an usage area of approximately 9k sqm. In April 2015, the Center leased for 10 years. Center is aimed to be an environmentally friendly bui
Slide 12: Completed Projects: Halk Office Şekerpınar
COMPLETED PROJECTS HALK OFFICE ŞEKERPINAR Halk Office Şekerpınar located on our Şekerpınar-Kocaeli land which was purchased in September 2012, has an usage area of approximately 52k sqm. The marketing process for leasing or sale of the project still continues. Real Estate Information City : Kocaeli
Slide 13: Ongoing Projects: Istanbul Financial Center
ONGOING PROJECTS ISTANBUL FINANCIAL CENTER As Halk GYO, we are one of the major stakeholders of the Istanbul International Financial Center Project carried out under the coordination of the Ministry of Environment and Urban Planning and two office towers, one with 46 floors and the other with 34 flo
Slide 14: Ongoing Projects: Sancaktepe Bizimtepe Aydos
ONGOING PROJECTS SANCAKTEPE BİZİMTEPE AYDOS PROJECT The Project will constructed through joint venture with Vakıf REIT, It is located on Sancaktepe, one of the most developing and popular districts of Istanbul. On the 95k sqm land, after leaving 90% of it for landscape, it is planning to build 13-st
Slide 15: Ongoing Projects: Erzurum Şehristan Residential
ONGOING PROJECTS ERZURUM ŞEHRİSTAN RESIDENTIAL PROJECT In April 2016, a land of approximately 24k sqm in Erzurum/Yakutiye, of which prior proprietor was Er Konut, added into portfolio with a cost of TL 17,5 million, the half amount of the appraisal value of TL 35 million, to develop a residential pr
Slide 16: Ongoing Projects: Salıpazarı Hotel Project
ONGOING PROJECTS SALIPAZARI HOTEL PROJECT After the best use studies, it was decided to renovate our office building, Beyoğlu Salıpazarı, which is registered in one of the most historic and significant districts in Istanbul, as a hotel. After the procedures of sealed-bid tender and auction, a lease
Slide 17: Financial Data
FINANCIAL DATA BALANCE SHEET (TL) 31.12.2016 31.03.2017 Current Assets 233,670,563 262,303,343 Liquid Assets 51,301,426 61,008,271 Inventories 152,820,902 171,531,136 01.01.2016 01.01.2017 INCOME STATEMENT (TL) 31.03.2016 31.03.2017 Non-Current Assets 1,621,169,412 1,627,617,658 Revenues 19,273,889
Slide 18: Distribution of Assets and Liabilities
DISTRIBUTION OF ASSETS AND LIABILITIES DISTRIBUTION OF ASSETS AND LIABILITIES_TL DISTRIBUTION OF LIABILITIES _TL Buildings Lands & Projects Others Cash and Cash Equivalents Equities Deferred Income Financial Debts Others 1,889,921,001 1,854,839,975 1,889,921,001 1,854,839,975 1% 1% 3% 1% 3% 1% 8% 11
Slide 19: Balance Sheet Items
BALANCE SHEET ITEMS 1,000 TL QoQ 1,854,839 1,889,921 Assets 1.9 % 1,623,069 1,630,195 1,641,207 Equities 0.7 % 1,431,263 1,527,802 1,330,651 859,345 849,528 Buildings -1.1 % 858,081 797,654 799,283 829,662 Projects 3.8 % 737,765 461,397 YoY 149,183 202,920 Net Profit -5.4 % 107,667 11,635 11,011 201
Slide 20: Income Statement Items
INCOME STATEMENT ITEMS TL 2016 Q1 2017 Q1 Total Revenues 19,273,889 21,682,198 Rent Income 12,647,847 13,246,226 Real Estate Sale Income 5,214,536 6,672,008 Financial Income 1,411,506 1,763,964 Cost of Sales -3,427,351 -3,931,004 Cost of Real Estate Sales -3,290,688 -3,779,817 Others -136,663 -151,1
Slide 21: Distribution of Main Income Items
DISTRIBUTION OF MAIN INCOME ITEMS Rent Income TL 22,378,911 House Sale Income 2% TL 19,290,578 Financial Income 8% 1% Others 7% 30% 27% 60% 65% 2016 Q1 2017 Q1 20
Slide 22: Distribution of Main Expense Items
DISTRIBUTION OF MAIN EXPENSE ITEMS Cost of House Sales TL 11,368,154 Others 3% Personnel Expenses 10% Marketing & Selling TL 7,655,257 16% Expenses 5% Financial Expenses 20% 38% 19% 13% 33% 43% 2016 Q1 2017 Q1 21
Slide 23: 2017 Targets
2017 TARGETS To complete the marketing process of “Halk Office Şekerpınar” To renovate “Salıpazarı Building” as a hotel To finalise sales of “Referans Bakırköy” and “Eskişehir Panorama Plus” residential projects To reach to ~ 8 % RoA ratio 22
Slide 24: Investor Relations Contact and Disclaimer
For further information please contact; Investor Relations ir@halkgyo.com.tr Phone: +90 216 600 10 25 DISCLAIMER The information contained in this presentation has been prepared by Halk Gayrimenkul Yatırım Ortaklığı A,Ş, (Halk GYO) for informational purposes only, Although the information in this pr
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