Is Gayrimenkul Yatirim Ortakligi A.s. · BIST:ISGYO

Is Gayrimenkul Yatirim Ortakligi A.s — Is Real Estate Investment Company (Is GYO) — Investor Presentation (September 2019)

24 slides from Is Gayrimenkul Yatirim Ortakligi A.s's investor presentation, Sep 30, 2019

  1. Slide 1: isgyo.com.tr

    isgyo.com.tr

  2. Slide 2: Is Real Estate Investment Company Investor Presentation

    IS REAL ESTATE INVESTMENT COMPANY Investor Presentation 30.09.2019 isgyo.com.tr

  3. Slide 3: IS REIC

    IS REIC IS REIC was established in 1999, by the strategic partnership of Isbank. • Mcap TL 930 mn Total Mcap size of the sector is TL 20 bn. • Asset Size TL 5.125 mn • Equity Size TL 3.525 mn • Real Estate Portfolio TL 4.780 mn • Rental Portfolio Size TL 3.938 mn • Estimated Annual Rental Income TL

  4. Slide 4: Why IS REIC?

    Why IS REIC?  Diversified real estate portfolio  Balanced exposure in office, retail and residential sector  Office 57%, retail 24% and projects 7%  Solid & growing rental income  ~TL 183 mn rental income for 9M-2019.  Financially strong tenants & long-term leases  57% of the rental income co

  5. Slide 5: ISGYO Portfolio

    ISGYO PORTFOLIO isgyo.com.tr

  6. Slide 6: Real Estate Portfolio Breakdown

    Real Estate Portfolio Breakdown Real Estate Portolio Value mn TL Office 2.737 57% Retail 1.171 24% Rental Portfolio Hotel 30 1% 3.938 81% Projects 339 8% Inventories 278 6% Land 226 4% TOTAL 4.780 100% *Inventories include units on sale in Ege Perla and Manzara Adalar. **9% of the real estate portfo

  7. Slide 7: Rental Portfolio

    RENTAL PORTFOLIO isgyo.com.tr

  8. Slide 8: Office Portfolio

    Office Portfolio Ankara İş Tower İş Towers İş Towers Tuzla Kartal Office TUTOM Tower 2 Tower 3 Office Maslak Office Office Lamartine 9M Rental TL 69,7 TL 19,5 TL 5,5 TL 17,8 TL 6,6 mn Income mn mn mn mn Appraisal TL 1.077 TL 455 TL 445 TL 261 TL 500 mn Value mn mn mn mn % share in 39% 17% 16% 10% of

  9. Slide 9: Retail Portfolio

    Retail Portfolio Marmara Kanyon Ege Perla Park Shopping Shopping The Others Shopping Center Center Center 9M Rental TL 31,3 mn TL 4,5 mn TL 19,9 mn TL 5,6 mn Income Appraisal Value TL 576 mn TL 253 mn TL 186 mn TL 155 mn % share in retail 49% 49% 22% 22% 16% 16% investments  Represent 87% of the to

  10. Slide 10: Growth of the Rental Portfolio & Income

    Growth of the Rental Portfolio & Income Rental Income mn TL 300 250 240 217 192 197 200 150 139 100 50 0 2015 2016 2017 2018 2019 E* * Expected annual rental income 9

  11. Slide 11: Projects Under Development

    PROJECTS UNDER DEVELOPMENT isgyo.com.tr

  12. Slide 12: İnistanbul Residential Project

    İnistanbul Residential Project Location : Topkapı, Istanbul Investment model: A joint venture between İş GYO and NEF (50-50%) Total development cost* : TL1,2 bn Total saleable area*: ≈ 250.000 sqm Income Projection Total sales revenues* : TL 1,6 bn Number of units: 2.724** Designed by Presales ratio

  13. Slide 13: İstanbul Financial Center Project (IFC)

    İstanbul Financial Center Project (IFC) Location : Atasehir, Istanbul Project type : A mixed use project (office & commercial) Estimated saleable/leasable area : ≈ 33.000 sqm Income Projection Estimated development cost: TL320 mn* Estimated rental Income : TL 45-50 mn *Designed by (*) Excluding fina

  14. Slide 14: Planned Projects

    PLANNED PROJECTS isgyo.com.tr

  15. Slide 15: Planned Projects: Kadıköy Hotel and Tuzla Residential

    Planned Projects  Kadıköy Hotel Project  Tuzla Residential Project ~ ~ Tepe Nautilus ~ Location : Kadikoy, Istanbul Location : Tuzla, Istanbul Project Type: Hotel and commercial area Acquisition date: January, 2016 Acquisition Date: December, 2016 Land Area: 53.460 sqm Land Area: 8.293 sqm The pro

  16. Slide 16: Dividend Payout

    DIVIDEND PAYOUT isgyo.com.tr

  17. Slide 17: 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 15 year period, except for 2006 & 2018, ISGYO distributed cash dividend to shareholder

  18. Slide 18: Financials & Financial Ratios

    FINANCIALS & FINANCIAL RATIOS isgyo.com.tr

  19. Slide 19: Balance Sheet & Income Statement

    Balance Sheet & Income Statement TL, mn 30.09.2019 TL, mn 30.09.2019 ASSETS 5.124,6 LIABILITIES 5.124,6 Current Assets 691,2 Short-term Liabilities 1.070,8 Long-term Assets 4.433,4 Long-term Liabilities 528,4 Shareholders' Equity 3.525,4 INCOME STATEMENT Jan.-Sep. Jan.- Sep. Jan.-Dec. (TL, mn) 2019

  20. Slide 20: Financial Debt & Cash Position

    Financial Debt & Cash Position Outstanding Loan Outstanding Loan Bank Loans Original Amount TL mn Date to Maturity TL mn Euro loan 4,9 € 1 year 30 Dolar Loan $41,1 4 years 232 TL Loans 417,9 1 year-3 years 417,9 Total 680,6 Bonds & Bills Original Amount (mn TL) Total 667,0 Cash, TL mn 51 TL Total Fi

  21. Slide 21: Stock Performance

    STOCK PERFORMANCE isgyo.com.tr

  22. Slide 22: Stock Price vs. Index Performance

    Stock Price vs. Index Performance Stock Price & Index Performance (%) 2019 Jan-Sep 2018 BIST 100 15,1 -20,9 XGMYO 6,7 -35,5 ISGYO -10,2 -11,7 17

  23. Slide 23: Trade Volume

    Trade Volume 2019 ISGYO P/BV 0,26 Avr. Trade Volume TL 4,4 mn 18

  24. Slide 24: Investor Relations

    Investor Relations Ayşegül Şahin Kocameşe Head Financial Reporting & Investor Relations Phone : +90 850 724 23 50 E-mail : aysegul.sahin@isgyo.com.tr This presentation has been prepared in order to inform Mine Kurt Yıldırım investors. Assistant Manager Investor Relations Since the presentation has b

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