Inveo Yatirim Holding As · BIST:INVEO
Inveo Yatirim Holding As — Inveo Yatırım Holding — Q3 2024 Earnings Presentation
40 slides from Inveo Yatirim Holding As's earnings presentation, October 2024
Slide 1: Inveo Yatırım Holding Investor Presentation – 2024 Q3
Inveo Yatırım Holding Investor Presentation – 2024 Q3 October 2024
Slide 2: Disclaimer
Disclaimer The contents of this presentation have been prepared by Inveo Yatırım Holding Anonim Şirketi (“the Company”) for the purpose of providing general information available at the date of this presentation. The Company relies on information gathered from sources it believes to be reliable, but
Slide 3: Agenda
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. Financial Results (Except TAS 29) 7. Appendix 3
Slide 4: Inveo: New Generation Value Investor
Inveo: New Generation Value Investor OUR VISION SOCIAL VALUES Through our investments and the value we add to the companies we invest in, we are Training for increasing savings and relentlessly moving toward our vision of conscious savings, achieving $1.7 billion in market value by 2028. Increased p
Slide 5: Since Our Establishment Our Journey Making a Difference Continues
Since Our Establishment Our Journey Making a Difference Continues PREPARATION & TRANSFORMATION Innovation &Technology Vision in Investment in a Story that started with Capital Markets… Exit 2024 • Ichain 2023 • Devexperts New Investments Teknoloji The Birth of Inveo • Inveo Araç • Devexperts Bilgi K
Slide 6: We are Travelling to the Future with Experienced Board Members
We are Travelling to the Future with Experienced Board Members 45+ years of experience 16+ years of experience 25+ years of experience 39+ years of experience 45+ years of experience Erhan Topaç Onur Topaç Bora Oruç Rüya Eser Ahmet Aka Chairman Vice Chair of the Board Independent Board Independent B
Slide 7: Inveo Yatırım Holding at a Glance (2024 Q3)
Inveo Yatırım Holding at a Glance (2024 Q3) Shareholder Structure Erhan Topaç Buy Back Shares 81.02 % 0.85 % Free Float 7.78 1.66 7.83 18.13 % BN TL BN TL BN TL Capital 1 BN TL 38% 25% 38% Registered Capital Ceiling 1 BN TL L.T. Financial Investments L.T. Financial Investments ➢ Capital Increase by
Slide 8: Corporate Profile
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. Financial Results (Except TAS 29) 7. Appendix 8
Slide 9: Our Investment Strategy: Right Time Right Value
Our Investment Strategy: Right Time Right Value We Create Value from Entry to Exit with Our Investments Our Investment Focus We invest Right Time Right Value Direct investments Financial markets in emerging investments sectors We exit Venture capital sustainable & game-changing with unity and synerg
Slide 10: We Grow Together with Our Stakeholders
We Grow Together with Our Stakeholders In our ecosystem that creates value as a whole with all our stakeholders, we grow with speed and dynamism and create sustainable synergies. Financial Investments Our Partners in Investments Business Partners Companies we have established Direct and Indirect Inv
Slide 11: We Monitor Our Ecosystem in 4 Main Areas of Activity
We Monitor Our Ecosystem in 4 Main Areas of Activity INVEO YATIRIM HOLDİNG AŞ CAPITAL MARKETS BANKING VENTURE CAPITAL STRATEGIC INVESTMENTS 84.87% 96.52% 97.73% 100% 84.85% 100% 0.93% 100% Note: The ratios in the table are effective ownership ratios. 11
Slide 12: Inveo Ecosystem
Capital Markets Inveo Ecosystem Venture Capital 103 76 Number of Technology Companies Companies Number of Ecosystem 8 95 Direct Indirect Investments Investments Banking 129.2 MN USD 37.2 MN USD Total Investments Total Exists Strategic Investment 12
Slide 13: Investment Strategy and Inveo Ecosystem
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. Financial Results (Except TAS 29) 7. Appendix 13
Slide 14: Inveo Yatırım Holding Simplifies in 2024
Inveo Yatırım Holding Simplifies in 2024 INVEO YATIRIM HOLDING SIMPLIFICATION PLAN BEFORE AFTER CAPITAL MARKETS 2024 Simplification Plan Completed Transfers CAPITAL MARKETS BIE - 1. Gaming ve Esports GSYF BANKING BANKING Transformation of Finveo Yatırım Holding Alfa Beta VENTURE CAPITAL VENTURE CAPI
Slide 15: Gedik Yatırım Shows Strong Performance on the Road to Leadership
Effective Gedik Yatırım Shows Strong Performance on the Road to Leadership Ownership 84.87% Strong Financial Indicators* (Million TL) Largest Branch Network and Number of Developments in 2024 Q3 Net Profit Employees in the Sector Private Branch Structure Expands Equity With the Isparta Private regis
Slide 16: We Increased Our Share in Gedik Yatırım through Share Purchase Agreements
We Increased Our Share in Gedik Yatırım through Share Purchase Agreements Within the framework of the agreements made in 2022; Inveo 2021 2022 Yatırım Holding, for 41.83% shares of Gedik Yatırım; Erhan Topaç Effective Ownership Effective Ownership and Hakkı Gedik, with a maturity until 2026 460.5 mi
Slide 17: Inveo Portfolio Continues to Grow with High Profitability and New Funds
Inveo Portfolio Continues to Grow with High Profitability and New Funds Strong Financial Indicators (Million TL) Number of Funds and Fund AuM – 2024 Q3 Developments in 2024 Q3 Equity Net Profit (Loss) Growth in Distribution Network 113 105 101 41 46 18.1 Bn TL Continuing to expand its distribution F
Slide 18: Misyon Yatırım Bankası Started Operations with Strong Staff
Effective Misyon Yatırım Bankası Started Operations with Strong Staff Ownership 96.52% Shareholder Structure Critical Developments Developments in 2024 Q3 Listed on CMB Crypto Asset Service Providers December Established with Misyon Bank, one of the four banks listed, became the 300 Million TL Capit
Slide 19: Inveo Ventures Continues Steady Growth
Effective Inveo Ventures Continues Steady Growth Ownership 97.73% Shareholder Structure Developments in 2024 Q3 Investment Portfolio Portfolio Ventures Received Investment Mizanplus, Novus, Mükellef, and Delivers.ai Companies in its TOTAL portfolio completed investments rounds led by other Gedik Yat
Slide 20: Developments from Holding and Selected Companies
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. Financial Results (Except TAS 29) 7. Appendix 20
Slide 21: We Diversify Our Investments Across Our Fields of Activity
We Diversify Our Investments Across Our Fields of Activity INVEO YATIRIM HOLDING AŞ CAPITAL MARKET BANKING VENTURES CAPITAL STRATEGIC INVESTMENTS 6,119 MN TL 955 MN TL 398 MN TL 53 MN TL 134 MN TL 0.8 MN TL 21 MN 96 MN TL Ratio of non-Gedik Yatırım investments to total investments was 1.8% at the en
Slide 22: 2024 Q3 Value Changes of Financial Investments
2024 Q3 Value Changes of Financial Investments Value Increase/ Long Term Financial Investments 31 December 2023 Net Investment / Sale Capital Increase / Net Value Increase / 30 September Decrease Rate Monetary Loss/Gain (Million TL) Value (A) (B) Advance (C) Decrease (D) 2024 Value (E) ((E-A)/A) Cap
Slide 23: We are Implementing the Simplification Plan in Our Investments
We are Implementing the Simplification Plan in Our Investments YTD YTD Key Financial Indicators (24%) Long-Term Financial Investments -48 Number of Direct* and Indirect** (Million TL) (Million TL) Investments 11,000 10,403 151 10,211 16 9,000 8,563 7,832 957 7,000 6,677 7,777 103 702 8 5,000 3,000 1
Slide 24: INVEO Stock Performance from the Beginning of 2023
INVEO Stock Performance from the Beginning of 2023 01.01.2023 - 31.12.2023 01.01.2023 - 28.10.2024 01.01.2024 - 28.10.2024 Rate of Change Rate of Change Rate of Change INVEO 37% 5% -26% USD/TL 57% 83% 15% BIST 100 Index 32% 58% 17% BIST Holding and Investment Index 28% 57% 20% 250 INVEO ➢ From the b
Slide 25: Financial Results
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. Financial Results (Except TAS 29) 7. Appendix 25
Slide 26: Inveo Yatırım Holding Simplifies in 2024
Inveo Yatırım Holding Simplifies in 2024 INVEO YATIRIM HOLDING – PRE-SIMPLIFICATION STRUCTURE CAPITAL MARKETS 2024 Simplification Plan Objectives • To increasing organizational and operational efficiency, BANKING • To effective resource management, • To benefit more from the incentives VENTURE CAPIT
Slide 27: Inveo to Transfer Selected Investments
Inveo to Transfer Selected Investments Transferee Gedik Yatırım enters the Crypto Asset Area. HiVC's Investment Transferred Strategy to Change in 2024. The Area of BIE - 1. Gaming ve Technology Esports GSYF Entrepreneurship will be gathered in Ventures. BUG - 1. Fintech The Fintech Company transferr
Slide 28: Technology Entrepreneurship Area to be Gathered under Inveo Ventures
Technology Entrepreneurship Area to be Gathered under Inveo Ventures Current Investments New Structure After the Transfers 6 STARTUP 1 VCIF TOTAL 21 4 69 9 STARTUP 2 VCIF STARTUP +12 New VCIF +2 New STARTUP All 12 planned startups have been successfully transferred. As of 1 5 September 30, 2024, the
Slide 29: International Capital Markets Companies to be Managed Under One Roof
International Capital Markets Companies to be Managed Under One Roof Alfa Beta Process Steps Capital markets globally companies in which we have Inveo Alpha and Inveo Beta have invested in different 1. merged under countries under a roof Inveo Alpha. Finveo Yatırım Holding Alfa within the organizati
Slide 30: Inveo Yatırım Holding – New Structure After Simplification Plan
Inveo Yatırım Holding – New Structure After Simplification Plan INVEO YATIRIM HOLDİNG INVEO VENTURES CAPITAL MARKETS TOTAL 21 +12 New 4 +2 New 69 BANKING STARTUP VCIF STARTUP VENTURE CAPITAL hiVC TOTAL STARTEGIC INVESTMENTS 5 STARTUP 30
Slide 31: 2024 Simplification Plan
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. Financial Results (Except TAS 29) 7. Appendix 31
Slide 32: Improvement in Key Financial Indicators Continues (Except TAS 29)
Improvement in Key Financial Indicators Continues (Except TAS 29) (Million TL) 9,000 140% 8,000 7,656 7,832 119% 120% 7,000 6,676 101% 100% 6,302 6,000 83% 80% 5,000 68% 4,310 60% 4,000 3,209 3,170 40% 3,000 36% 1,971 20% 2,000 1,224 1,165 1,000 771 705 0% 538 206 327 (6%) 274 148 84 - -20% 2019 202
Slide 33: Inveo Ecosystem Continues to Gain Value with New Investments (Except TAS 29)
Inveo Ecosystem Continues to Gain Value with New Investments (Except TAS 29) Long Term Financial Investments Direct* and Indirect** Investments (Quantity) (Million TL) 180 151 150 CAGR 60% CAGR +26 160 132 130 7,777 16 YTD 7,516 140 YTD 3% 1,139 1,658 -49 110 120 105 17 103 90 100 17 8 76 70 80 3,88
Slide 34: Our Financial Investments Gained Value in 2023 (Except TAS 29)
Our Financial Investments Gained Value in 2023 (Except TAS 29) Long Term Financial Investments (Million 31 December 2023 Capital Increase / Advance Net Value Increase / Decrase 30 September 2024 Value Increase Rate Net Investment / Sale (B) TL) Value (A) (C) (C) Value (E) ((E-A)/A) Capital Markets 6
Slide 35: Appendix
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. Financial Results (Except TAS 29) 7. Appendix 35
Slide 36: TAS 29 Financial Statement Effects
TAS 29 Financial Statement Effects Million TL 2023 Q3 2024 Q3 Retained Earnings (1,440) (2,141) Paid-in Capital (120) (86) Deferred Taxes (69) (71) TOTAL Indexation Effect of Profit or Loss Items (5) (62) TAS29 EFFECT Legal Reserves (21) (17) Share Premiums (23) (16) 2023 Q3 Sale of Buyback Shares 0
Slide 37: Inveo – IFRS Condensed Financial Statements
Inveo – IFRS Condensed Financial Statements Balance Sheet Income Statement Million TL 2023 2024 Q3 Change % Million TL 2023 Q3 2024 Q3 Change % Current Assets 185 55 (71) Revenue 6,373 788 (88) Financial Investments 157 33 (79) Cost of sales (-) (6) (148) 2,202 Non Current Assets 10,218 7,778 (24) G
Slide 38: Inveo – IFRS Condensed Financial Statements (Except TAS 29)
Inveo – IFRS Condensed Financial Statements (Except TAS 29) Balance Sheet Income Statement Million TL 2023 2024 Q3 Change % 2023 Q3 2024 Q3 Change % Million TL YTD YTD Current Assets 136 54 (60) Revenue 99 693 600 Financial Investments 116 33 (71) Cost of sales (-) (4) (136) 3,057 Non Current Assets
Slide 39: Changes in Capital Share and Share Ratios in Direct Investments
Changes in Capital Share and Share Ratios in Direct Investments DIRECT FINANCIAL 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Q3 INVESTMENTS Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Gedik Yatırım 10.414.164
Slide 40: Thank You
Investor Relations Contact Deniz Özer Investor Relations Manager Diğdem Erdoğan Thank You Investor Relations Executive Hakan Duran Investor Relations Assistant Specialist +90 216 453 00 33 ir@inveo.com.tr Links Annual Reports Financial Statements Inveo Yatırım Holding website of IR
Inveo Yatırım Holding — Q3 2024 Earnings Presentation on 6ix