Inveo Yatirim Holding As · BIST:INVEO
Inveo Yatirim Holding As — Inveo Yatırım Holding — Investor Presentation (April 2025)
43 slides from Inveo Yatirim Holding As's investor presentation, April 2025
Slide 1: Inveo Yatırım Holding Investor Presentation – 2025 Q1
Inveo Yatırım Holding Investor Presentation – 2025 Q1 April 2025
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. 2025 Targets 7. Financial Results (Except TAS 29) 8. 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… 2025 Q1 Transformation 2024 • Transformation of 2023 HiVC → TURPE New Investments Transfers The Birth of Inveo • In
Slide 6: We are Travelling to the Future with Experienced Board Members
We are Travelling to the Future with Experienced Board Members 46+ years of experience 17+ years of experience 26+ years of experience 40+ years of experience 46+ 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
Inveo Yatırım Holding at a Glance Shareholder Structure Erhan Topaç Buy Back Shares 81.02 % 0.85 % Free Float 9.12 2.25 9.31 18.13 % BN TL BN TL BN TL Capital 1 BN TL 5% 40% 10% Registered Capital Ceiling 1 BN* TL ➢ TURPE Venture-Capital Investment Trust L.T. Financial Investments L.T. Financial Inv
Slide 8: Agenda: 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. 2025 Targets 7. Financial Results (Except TAS 29) 8. 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 OTHER INVESTMENTS 84.87% 96.52% 97.73% 100% 91.3% 100% 0.93% 100% Note: The ratios in the table are effective ownership ratios. *The registration regarding the capital increase proce
Slide 12: Inveo Ecosystem
Capital Markets Inveo Ecosystem Venture Capital 101 70 Number of Technology Companies Companies Number of Ecosystem 8 93 Direct Indirect Investments Investments Banking 129.2 MN USD 37.2 MN USD Total Investments Total Exits Crypto Other 12 Investments
Slide 13: Agenda: 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. 2025 Targets 7. Financial Results (Except TAS 29) 8. Appendix 13
Slide 14: 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 2025 Q1 Employees in the Sector 500 Million TL Dividend Distribution Equity Net Profit The dividend distribution
Slide 15: 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 16: 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 2025 Q1 Türkiye’s First Digital Finance Supermarket: myBanka Launched Established with myBanka was introduced as Türkiye’s most comprehensive digital fun
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 – 2025 Q1 Developments in 2025 Q1 Equity Net Profit (Loss) Artificial Intelligence VCIF A protocol was signed with TRAI, one of 130 133 125 11.1 48 20.2 Bn TL
Slide 18: Inveo Ventures Continues Steady Growth
Effective Inveo Ventures Continues Steady Growth Ownership 97.73%** Shareholder Structure Developments in 2025 Q1 Investment Portfolio FoF Investments An investment agreement was signed to invest in Revo Fund III, TOTAL one of the largest venture capital funds in the ecosystem, with a Gedik Yatırım
Slide 19: Agenda: 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. 2025 Targets 7. Financial Results (Except TAS 29) 8. Appendix 19
Slide 20: 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 OTHER INVESTMENTS 6,874 MN TL 1,217 MN TL 522 MN TL 68 MN TL 170 MN TL 1 MN TL 132 MN TL 135 MN TL Ratio of non-Gedik Yatırım investments to total investments was 1.8% at the e
Slide 21: 2025 Q1 Value Changes of Financial Investments
2025 Q1 Value Changes of Financial Investments Value Increase/ 31 December 2024 Value Capital Increase / Net Value Increase / 31 March Long Term Financial Investments (Million TL) Net Investment / Sale (B) Decrease Rate (A) Advance (C) Decrease (D) 2025 Value (E) ((E-A)/A) Capital Markets 8,180 - -
Slide 22: We are Implementing the Simplification Plan in Our Investments
We are Implementing the Simplification Plan in Our Investments Annual Annual (9%) (2) Key Financial Indicators Long-Term Financial Investments Number of Direct and Indirect (Million TL) (Million TL) Investments 11,500 10,050 10,014 103 101 9,307 9,500 8,651 9,120 8 923 8 7,679 1,029 7,500 5,500 3,50
Slide 23: INVEO Stock Performance from the Beginning of 2024
INVEO Stock Performance from the Beginning of 2024 01.01.2023 - 31.12.2023 01.01.2023 – 26.02.2025 01.01.2024 - 26.02.2025 Rate of Change Rate of Change Rate of Change INVEO (29%) (40%) (16%) USD/TL 19% 29% 9% BIST 100 Index 29% 22% (7%) BIST Holding and Investment Index 32% 26% (6%) 200 INVEO 150 ➢
Slide 24: Agenda: 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. 2025 Targets 7. Financial Results (Except TAS 29) 8. Appendix 24
Slide 25: Inveo Yatırım Holding Simplifies in 2024
Inveo Yatırım Holding Simplifies in 2024 INVEO YATIRIM HOLDİNG SIMPLIFICATION PLAN PRE-SIMPLIFICATION POST-SIMPLIFICATION CAPITAL MARKETS 2024 Simplification Plan Realized Transfers CAPITAL MARKETS BIE - 1. Gaming ve Esports GSYF BANKING BANKING Finveo Yatırım Holding Transformation Alfa Beta VENTUR
Slide 26: Inveo Yatırım Holding Increases Efficiency with Simplification Plan
Inveo Yatırım Holding Increases Efficiency with Simplification Plan INVEO YATIRIM HOLDİNG – PRE-SIMPLIFICATION CAPITAL MARKETS 2024 Simplification Plan Objectives • To increase organizational and operational efficiency, BANKING • To make effective resource management, VENTURE CAPITAL • To benefit mo
Slide 27: Inveo Completes Transfer of Selected Investments under Simplification Plan
Inveo Completes Transfer of Selected Investments under Simplification Plan Transferee Gedik Yatırım enters the Crypto Asset Area. HiVC's Investment Transferred Strategy Changed in 2024. The Area of BIE - 1. Gaming ve Technology Entrepreneurship will Esports GSYF be gathered in Ventures. BUG The Fint
Slide 28: Technology Entrepreneurship Area to be Gathered under Inveo Ventures
Technology Entrepreneurship Area to be Gathered under Inveo Ventures Pre-Simplification Investments Post-Simplification Investments 6 STARTUP 1 VCIF TOTAL 9 2 21 +12 New 4 +2 New 69 STARTUP VCIF STARTUP VCIF STARTUP 1 5 All 12 planned startups have been successfully transferred. As of March 31, 2025
Slide 29: International Capital Markets Companies to be Managed Under One Roof
International Capital Markets Companies to be Managed Under One Roof We are gathering the Alfa Beta Process Steps companies we have invested in different countries in the Inveo Alfa and Inveo Beta have field of capital markets on 1. merged under Inveo Alfa. a global scale under one roof within Alfa
Slide 30: Private Equity Investments will Accelerate with TURPE
Private Equity Investments will Accelerate with TURPE Process Steps TURPE's primary investment focus and HiVC's name will be changed to 1. strategy are centered around Series B/above TURPE. and Pre-IPO level SME companies that; • Have financial performance that can be A capital increase will be carr
Slide 31: Inveo Yatırım Holding – Post-Simplification Plan Investments
Inveo Yatırım Holding – Post-Simplification Plan Investments INVEO YATIRIM HOLDİNG INVEO VENTURES CAPITAL MARKETS TOTAL 21 +12 New 4 +2 New 69 BANKING STARTUP VCIF STARTUP VENTURE CAPITAL TURPE * TOTAL STARTEGIC INVESTMENTS 5 STARTUP *The registration regarding the process of increasing the capital
Slide 32: Agenda: 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. 2025 Targets 7. Financial Results (Except TAS 29) 8. Appendix 32
Slide 33: What will happen at Inveo Yatırım Holding in 2025?
What will happen at Inveo Yatırım Holding in 2025? INVEO GEDİK YATIRIM MİSYON BANK INVEO VENTURES INVEO PORTFÖY TURPE • Inveo Yatırım Holding • Gedik Yatırım aims to • Mission Yatırım • Inveo Ventures aims • Inveo Portföy, under • Turpe GSYO, by plans to offer financing reach a wider investor Bankas
Slide 34: Agenda: 2025 Targets
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2025 Targets 7. Financial Results (Except TAS 29) 8. Appendix 34
Slide 35: Improvement in Key Financial Indicators Continues (Except TAS 29)
Improvement in Key Financial Indicators Continues (Except TAS 29) (Million TL) Key Financial Indicators 9,500 140% 8,857 8,838 8,500 119% 7,656 7,586 120% 7,500 7,210 101% 6,302 100% 6,500 5,500 80% 4,500 4,310 68% 3,209 60% 3,500 3,170 2,500 1,971 40% 36% 1,500 1,224 1,165 1,184 771 705 538 20% 500
Slide 36: 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 (Million TL) Direct* and Indirect** Investments (Quantity) 180 CAGR 49% CAGR 151 150 (4) 160 8,825 132 8,651 130 Annual Annual 16 (2%) 1,671 (2) 140 1,777 7,516 110 105 17 103 1,139 120 101 9
Slide 37: Our Financial Investments Gained Value in 2025 Q1 (Except TAS 29)
Our Financial Investments Gained Value in 2025 Q1 (Except TAS 29) Long Term Financial Investments (Million 31 December 2024 Capital Increase / Advance Net Value Increase / Decrase 31 March 2025 Value Increase Rate Net Investment / Sale (B) TL) Value (A) (C) (C) Value (E) ((E-A)/A) Capital Markets 7,
Slide 38: Agenda: Financial Results (Except TAS 29)
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2025 Targets 7. Financial Results (Except TAS 29) 8. Appendix 38
Slide 39: TAS 29 Financial Statement Effects
TAS 29 Financial Statement Effects Million TL 2024 Q1 2025 Q1 Indexation of Financial Investments 1,794 916 Retained Earnings (1,242) (729) Paid-in Capital (50) (101) Deferred Taxes (41) (23) TOTAL TAS29 EFFECT Indexation Effect of Profit or Loss Items 0.5 0.4 Legal Reserves (10) (5) Share Premiums
Slide 40: Inveo – IFRS Condensed Financial Statements
Inveo – IFRS Condensed Financial Statements Balance Sheet Income Statement Million TL 2024 2025 Q1 Change % Million TL 2024 Q1 2025 Q1 Change % Current Assets 35 186 435 Revenue (1,256) (998) (21) Financial Investments 25 173 603 Cost of sales (200) 0 (100) Non Current Assets 10,015 9,122 (9) Gross
Slide 41: Inveo – IFRS Condensed Financial Statements (Except TAS 29)
Inveo – IFRS Condensed Financial Statements (Except TAS 29) Balance Sheet Income Statement Million TL 2024 2025 Q1 Change % Million TL 2024 Q1 2025 Q1 Change % Current Assets 31 185 490 Revenue 51 (278) (647) Financial Investments 22 173 673 Cost of sales (126) 0 (100) Non Current Assets 8,826 8,652
Slide 42: 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 2025 Q1 INVESTMENTS Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Gedik
Slide 43: Thank You
Investor Relations Contact Deniz Özer Investor Relations Manager Thank You Diğdem Erdoğan Investor Relations Executive Hakan Duran Investor Relations Assistant Specialist +90 216 453 00 33 ir@inveo.com.tr Links Annual Reports Financial Statements IR section of the Inveo Yatırım Holding website
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