Unlu Yatirim Holding A.s. · BIST:UNLU
Unlu Yatirim Holding A.s — ÜNLÜ Yatırım Holding A.Ş. — 9M 2024 Earnings Presentation
30 slides from Unlu Yatirim Holding A.s's earnings presentation, November 2024
Slide 1: ÜNLÜ Yatırım Holding A.Ş. 9M24 Financial Results
ÜNLÜ Yatırım Holding A.Ş. 9M24 Financial Results Investor Relations November 2024
Slide 2: Disclaimer on IAS 29
Disclaimer on IAS 29 With its decision dated 28.12.2023 numbered 81/1820, Capital Markets Board (“CMB”) of Türkiye announced that the issuers and capital market institutions which are subject to the financial reporting regulations of the Capital Markets Board shall prepare their annual financial sta
Slide 3: Agenda
Agenda 2024 First 9 Months Financial Results: Key Takeaways 4 Financial Statements and Performance 5 Developments by Business Lines 12 Evaluation of 9M24 Results with Previously Shared 2024 Year-end Guidance 17 Appendices IAS 29 Impact 20 About ÜNLÜ & Co 24 Shareholder Structure and Group Companies
Slide 4: 9M24 Results: Key Takeaways
9M24 Results: Key Takeaways TL 559,2 mn Operating Profit TL 108,3 mn Important Themes 36% increase y/y Profit Before Tax First 9 months was a period in which growth above inflation continued in terms of operational 8% increase y/y income. The negative impact of inflation on financial statements is e
Slide 5: Financial Statements and Performance
Financial Statements and Performance
Slide 6: ÜNLÜ Yatırım Holding A.Ş. as of end of 9M24
ÜNLÜ Yatırım Holding A.Ş. as of end of 9M24 ₺ 1,74 bn ₺ 7,1 mn 91% Core Revenues Net Profit Share of Recurring Revenues ₺ 3,96 bn ₺ 2,1 bn 41% Total Assets Shareholders’ Equity EBITDA Margin ₺ 34 bn ₺ 12,2 bn ₺ 190,7 mn ₺ 5,3 bn DAHA AuC (*) Portfolio Alternative NPL Portfolio (*): Assets Under Cons
Slide 7: Financial Statements and Performance
Financial Statements and Performance In 9M24, the Company’s Core Revenues (*) increased by 14% y/y and exceeded TL 1.74 bn. Comprehensive Income increased by 8% y/y and reached TL 108.3 mn. Summary Income Statement (TL) 9M24 9M23 DYoY ? IAS 29 Impact Core operating revenues 1,740.5 1,533.2 14% Marke
Slide 8: Financial Statements and Performance
Financial Statements and Performance As at the end of 9M24; Total Revenues (*) at TL 1,94 bn, EBITDA at TL 795.6 mn, Net Profit at TL 7.1 mn. EBITDA Margin 41%, Profit Margin 0.4%, RoA 0.3% and RoE 0.5%. Operational profitability 9M24 9M23 D YoY Extended Revenues 1,943.5 1,812.7 7% In 2024 Q3, Exten
Slide 9: Financial Statements and Performance
Financial Statements and Performance As at the end of 9M24, consolidated assets are TL 3,96 bn and shareholders’ equity is TL 2,1 bn. Summary Balance Sheet (TL mn) 9M24 9M23 D YoY 12M23 D YtD Total Assets 3,963 4,104 -3% 3,673 7.9% Current Assets 2,709 3,297 -18% 2,876 -5.8% Fixed Assets 1,254 807 5
Slide 10: Financial Statements and Performance
Financial Statements and Performance 2018 2019 2020 Revenues from business lines reached TL 1,74 bn by the end of 9M24 (y/y +14%). The admiral ship for the period was the NPL business line. NPL, Asset Management and Treasury’s contribution to revenues continued to increase. Revenues by Business Line
Slide 11: Financial Statements and Performance
Financial Statements and Performance Revenues from NPL Business Line (with and w/o IAS 29) 2018 2019 2020 (000 TL)* İstanbul Varlık Gelecek Varlık Birikim Varlık Collections 438,656 2.987.242 515,890 Net Profit 271,689 857,494 278,020 Net Profit Margin 61,94% 28,71% 53,89% Shareholder's Equity 538,6
Slide 12: Developments by Business Lines
Developments by Business Lines
Slide 13: NPL Business Line
9M24 Financial Results (w/o IAS 29, financials submitted to BRSA were taken into account) NPL Business Line NPL Sector 3Q24 Collections: TL 438.6 mn 2021: TL 5,1 bn NPL sales 2022: TL 6,4 bn NPL Business Line Performance 2023: TL 12,2 bn Total investments in 2024: TL 383.3 mn 3Q24: TL 24,3 bn, 3Q24
Slide 14: Corporate Finance Business Line
Corporate Finance Business Line 9M24 Revenues: TL 92.8 mn (y/y -16%) M&A Transactions 9M23 Revenues: TL 109.8 mn In Q3, 2 transactions (Eczacıbaşı/Maratem and Çinigaz/Sel- Corporate Finance Revenues Tan) were completed and related revenues were booked. ÜNLÜ & Co’s M&A pipeline continued to remain st
Slide 15: Investment Advisory: DAHA and Fund Management
Investment Advisory: DAHA and Fund Management 9M24 Revenues: TL 334.8 mn DAHA Thanks to our new mobile application «Piapiri», which we introduced in line with our DAHA: TL 277.2 mn (y/y -23%) Digitalization Strategy, our customer onboarding from digital channels accelerated and 93% of the accounts o
Slide 16: Institutional Sales Business Line
Institutional Sales Business Line Performance of the Business Line 9M24 Revenues: TL 177 mn In first 9 months of 2024, Institutional Sales business line's Recurring Revenues : TL 109.4 mn (y/y -13%) recurring revenues amounted to TL109.4 mio, 62% of its Other Revenues(*): TL 67.5 mn (y/y +1%) total
Slide 17: Evaluation of 9M24 Results with Previously Shared 2024 Year-end Guidance
Evaluation of 9M24 Results with Previously Shared 2024 Year-end Guidance
Slide 18: Evaluation of 9M24 Results with Previously Shared 2024 Year-end Guidance
Evaluation of 9M24 Results with Previously Shared 2024 Year-end Guidance Goal and Projection Status as of end of Q3 2024 Year-end Target Extended Revenues TL 1,94 mn TL 2 bn TL 559.2 mn Operating Profit TL 800 mn Profit Before Monetary Loss TL 573 mn TL 900 mn We expect that Recurring Revenues’ shar
Slide 19: Appendices
Appendices
Slide 20: IAS 29 Impact (Comparative Tables)
IAS 29 Impact (Comparative Tables)
Slide 21: IAS 29 Impact
IAS 29 Impact 2018 2019 2020 w/o IAS 29 w/ IAS 29 w/o IAS 29 w/ IAS 29 Source: Information without IAS 29 prepared within the scope of management reporting and information with IAS 29 based on unaudited 3Q24 consolidated financials. © 2024 ÜNLÜ & Co | All Rights Reserved 21
Slide 22: IAS 29 Impact
IAS 29 Impact 2018 2019 2020 w/o IAS 29 w/ IAS 29 w/o IAS 29 w/ IAS 29 w/o IAS 29 w/ IAS 29 w/o IAS 29 w/ IAS 29 Source: Information without IAS 29 prepared within the scope of management reporting and information with IAS 29 based on unaudited 3Q24 consolidated financials. © 2024 ÜNLÜ & Co | All Ri
Slide 23: IAS 29 Impact
IAS 29 Impact 2018 2019 2020 w/o IAS 29 w/ IAS 29 Revenues by Business Line (TL mn) 9A24 9A23 D YoY Revenues by Business Line (TL mn) 9A24 9A23 D YoY Corporate Finance 83.3 60.2 38% Corporate Finance 92.8 109.8 -16% M&A 56.8 44.1 29% M&A 63.2 80.6 -22% ECM and DCM 26.5 16.0 65% ECM and DCM 29.5 29.3
Slide 24: ÜNLÜ & Co – Pioneer in the Sector with its Entrepreneurial History
ÜNLÜ & Co – Pioneer in the Sector with its Entrepreneurial History 4 Major Business Lines: NPL, Investment Advisory, Corporate Finance and Institutional Sales Pioneering initiatives, Reputable Name DAHA #1 Turkey’s first independent M&A Corporate Finance advisory firm NPL and Investment M&A Advisory
Slide 25: ÜNLÜ & Co – Ownership and Group Structure
ÜNLÜ & Co – Ownership and Group Structure ÜNLÜ Portföy UFT Publicly Traded Other Mahmut L. ÜNLÜ Equity Private (Other) (Non-Tradable) Hedge Fund %54,71 %9.99 %34,15 %1,15 %100 %32,5 %4,76 %100 %100 %100 %100 %100 Turkish Ünlü LT ÜNLÜ İSTANBUL Piapiri Alternative Investments ÜNLÜ Menkul ÜNLÜ Portföy
Slide 26: ÜNLÜ & Co – Sustainability
ÜNLÜ & Co – Sustainability Our first Sustainability Report has been published! © 2024 ÜNLÜ & Co | Tüm Hakları Saklıdır. 26
Slide 27: ÜNLÜ & Co – Sustainability
ÜNLÜ & Co – Sustainability ÜNLÜ & Co has published its first sustainability report, prepared with the aim of contributing to a sustainable future. This 2023 sustainability report, crafted under the motto " Leaving a mark for a sustainable world," is accessible through the company website. As an inst
Slide 28: ÜNLÜ & Co – Sustainability
ÜNLÜ & Co – Sustainability ÜNLÜ & Co’s ÜNLÜ & Co’s Key NGO and Key Awards Association Alliances Euromoney 2024 Best Securities Houses in Türkiye CX Awards - 2024 5th Digital CEO and Leaders Summit - 2023 "Best Digital Customer Experience" Financial Inspiring and Value-Adding 10 Women Institution Awa
Slide 29: Disclaimer
Disclaimer This presentation or report has been prepared by ÜNLÜ Yatırım Holding A.Ş. and its affiliates («ÜNLÜ & Co») for information purposes and the information in its content must be considered strictly confidential. It cannot be partially or completely reproduced, copied, used for any other pur
Slide 30: Thank you
Thank you Ahi Evran Cad. Polaris Plaza No: 21 İç Kapı No: 11 34485 Maslak, Sarıyer - İstanbul, Türkiye T : +90 (212) 367 36 36 | F : +90 (212) 346 10 40 | E : investor.relations@unluco.com Investor Relations © 2024 ÜNLÜ & Co | All Rights Reserved 30
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