Inveo Yatirim Holding As · BIST:INVEO
Inveo Yatirim Holding As — Inveo Yatırım Holding — Q2 2023 Earnings Presentation
30 slides from Inveo Yatirim Holding As's earnings presentation, August 2023
Slide 1: Inveo Yatırım Holding Investor Presentation 2023 Q2
Inveo Yatırım Holding Investor Presentation– 2023 Q2 August 2023
Slide 2: Agenda
1. Corporate Profile 2. Investment Strategy & Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. Appendix
Slide 3: Inveo: Yeni Nesil Değer Yatırımcısı
Inveo: Yeni Nesil Değer Yatırımcısı OUR VISION SOSYAL DEĞERLER Through our investments and the value we add to the companies we invest in, we Training for increasing savings and are relentlessly moving toward our vision conscious savings, of achieving $1.5 billion in market value by 2026. Increased
Slide 4: Our Journey: Since Our Establishment
Since Our Establishment Our Journey Making a Difference Continues PREPARATION & TRANSFORMATION Innovation &Technology Vision in Investment in a Story that started with Capital Markets… 2023 New Investments • Inveo Araç Inveo Markası’nın Doğuşu 2022 Kiralama New Investments • Inveo Ventures GSYO 2021
Slide 5: Experienced Board Members
We are Travelling to the Future with Experienced Board Members 44+ years of experience 15+ years of experience 30+ years of experience 24+ years of experience 38+ years of experience 44+ years of experience Erhan Onur Demet Bora Rüya Ülkü Feyyaz Topaç Topaç Özdemir Oruç Eser Taktak Chairman Vice Cha
Slide 6: Inveo Yatırım Holding at a Glance (2023 Q2)
Inveo Yatırım Holding at a Glance (2023 Q2) Shareholder Structure Erhan Topaç % 81.02 Buyed Back Shares % 1.36 4.95 868 5.12 BN TL MN TL BN TL Free Float %132 %128 %130 % 17.61 Capital 240 MN TL L.T. Financial L.T. Financial Total Assets Registered Capital Ceiling 500 MN TL Investments Investments (
Slide 7: Investment Strategy & Inveo Ecosystem
1. Corporate Profile 2. Investment Strategy & Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. Appendix
Slide 8: 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 Right Direct Financial Time Value investments in markets emerging investments sectors We exit Venture capital sustainable & game-changing with unity and syner
Slide 9: 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 10: We Monitor Our Ecosystem in 4 Main Areas of Activity
We Monitor Our Ecosystem in 4 Main Areas of Activity INVEO YATIRIM HOLDİNG AŞ BANKING CAPITAL MARKETS VENTURE CAPITAL STRATEGIC INVESTMENTS %84.87 %96.52 %97.73 %100 %100 %57.7 %100 %20.5 %5.5 %100 %9.99 %100 %0.45 %55 %1.21 * Note: The ratios in the table are effective ownership ratios. 10
Slide 11: Total Investments
$ 116.8 MN Total Investments $ 32.75 MN https://hubgsyo.com/hakkimizda/ Total Exit 16 119 Inveo Araç Kiralama Direct Investments Indirect Investments 11
Slide 12: Developments from Holding and Selected Companies
1. Corporate Profile 2. Investment Strategy & Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. Appendix
Slide 13: Gedik Yatırım Shows Strong Performance on the Road to Leadership
Gedik Yatırım Shows Strong Performance on the Road to Leadership Effective Ownership %84,87 Strong Financial Indicators Largest Branch Network and Number of Employees in the Sector 2022 Q2 YTD 2023 Q2 YTD Net Profit 187 Million TL 210% Net Profit 581 Million TL 30 56 631 Increase City Branch Employe
Slide 14: We Increased Our Share in Gedik Yatırım through Share Purchase Agreements
We Increased Our Share in Gedik Yatırım through Share Purchase Agreements Effective Ownership %84.87 Share Purchase Agreements, Costs and Current Value of Shares Purchased Within the framework of the agreements made in 2022; Adjusted Share Purchase Adjusted Unit Cost per Total Value Increase in Tota
Slide 15: We Receive the Return on Our Investments in Gedik Yatırım
We Receive the Return on Our Investments in Gedik Yatırım Effective Ownership 84,87% GEDIK Market Value (TL & USD) 27 June 2023 ₺6 $250 Market Value: 4.8 Billion TL / 184.9 Million USD Million USD Billion TL 11 January 2022 Hakkı Gedik Share Purchase Inveo Share Ratio: 43.04 %→ 63.04% ₺5 Market Valu
Slide 16: Misyon Yatırım Bankası Started Operations with Strong Staff
Misyon Yatırım Bankası Started Operations with Strong Staff Effective Ownership 96.52% Shareholder Structure Critical Developments Business Model Established with Neo Bank December Gedik Yatırım 2021 300 Million TL Capital 23% Regional Investment Banking June BRSA Operating 2022 Licence Application
Slide 17: Inveo Ventures' Equity Increased by 303% Since Foundation
Inveo Ventures' Equity Increased by 303% Since Foundation Effective Ownership 97.73% Shareholder Structure Critical Developments Initial Investments Gedik April Established with Yatırım 15% 2022 65 Million TL Capital Investment Strategy New Shared Generation Inveo Yatırım Sales Orientated In all Tec
Slide 18: Inveo Portföy Grows with High Profitability and New Funds
Inveo Portföy Grows with High Profitability and New Funds Effective Ownership 100% Strong Financial Indicators Fund Size and Number of Funds – 2023 Q2 YTD 2022 Q2 YTD 2023 Q2 YTD Net Profit Net Profit 44 7,2 Billion TL 5,8 Million TL 26 Million TL 348% Increase Funds Fund Size +16 New Fund % 279 Inc
Slide 19: Financial Results
1. Corporate Profile 2. Investment Strategy & Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. Appendix
Slide 20: We Diversify Our Investments Across Our Fields of Activity
We Diversify Our Investments Across Our Fields of Activity INVEO YATIRIM HOLDİNG AŞ BANKING STRATEGIC CAPITAL MARKET VENTURES CAPITAL INVESTMENTS 4,084 MN TL 413.2 MN TL 222.7 MN TL 10 MN TL 12.2 MN TL 6.5 MN TL 62.3 MN TL 28.6 MN TL 28.6 MN TL 34.3 MN TL 1.1 MN TL 1.5 MN TL 41.9 MN TL 3.7 MN TL 0.8
Slide 21: Our Financial Investments Gained Value in 2023
Our Financial Investments Gained Value in 2023 Long Term Financial 31 December 2022 Net Investment / Sale Value Increase Rate Net Value Increase (C) 30 June 2023 Value Investments (Million TL) Value (A) (B) (C/(A+B)) Capital Markets 3,245 324 653 4,222 18% Gedik Yatırım 3,154 301 629 4,084 18% Inveo
Slide 22: Steady Improvement in Key Financial Indicators
Steady Improvement in Key Financial Indicators (Million TL) Key Financial Indicators 6.000 140% 119% 101% 5.123 120% 5.000 4.310 100% 4.000 3.866 83% 80% 3.209 80% 3.000 60% 50% 36% 1.971 2.000 40% 1.224 1.165 1.000 771 705 722 538 20% 206 148 327 119 64 25 84 - 0% 2018 2019 2020 2021 2022 2023/Q2 T
Slide 23: Inveo Ecosystem Continues to Value with New Investments
Inveo Ecosystem Continues to Value with New Investments Long Term Financial Investments (Million TL) Direct and Indirect Investments (Qty) 6000 4.952 5000 180 150 CAGR CAGR 135 101% 160 +112 132 5000 3.888 4000 130 Annual 140 Annual 229% 868 +27 105 110 17 16 4000 3000 120 734 90 76 17 100 61 3000 2
Slide 24: INVEO Share Performance from Beginning of 2022 to End of June 2023
INVEO Share Performance from the Beginning of 2022 to the End of June 2023 01.01.2022-31.12.2022 01.01.2023-30.06.2023 01.01.2022-30.06.2023 Rate of Change Rate of Change Rate of Change INVEO 179% -27% 99% USD/TL 43% 39% 99% BIST 100 Index 186% 2% 199% BIST Holding and Investments Index 206% 2% 222%
Slide 25: Net Debt – Financial Investments
Net Debt – Financial Investments Net Debt - Financial Investments 1.000 873 6.000 871 Million TL Million TL 900 5.063 800 5.000 700 3.965 4.000 600 500 466 3.000 400 2.156 300 2.000 200 1.190 100 35 27 10 1.000 -5 0 119 203 119 -100 0 2018 2019 2020 2021 2022 2022/6 2023/6 Net Debt 35.303.024 27.166
Slide 26: Inveo – IFRS Condensed Financial Statements
Inveo – IFRS Condensed Financial Statements Balance Sheet Income Statement Million TL 2022 2023 Q2 Change % 2022 Q2 2023 Q2 Million TL Change % YTD YTD Current Assets 411 167 -59 Revenues 78 93 19 Financial Investments 76 111 46 Cost of Sales (-) -3 -2 -22 Non Current Assets 3.899 4.957 27 Gross Pro
Slide 27: Appendix
1. Corporate Profile 2. Investment Strategy & Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. Appendix
Slide 28: Changes in Capital Share and Share Ratios in Direct Investments
Changes in Capital Share and Share Ratios in Direct Investments 2015 2016 2017 2018 2019 2020 2021 2022 Haziran 2023 DIRECT FINANCIAL INVESTMENTS Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Gedik Yatırım 10.414.164 18,54 13.408
Slide 29: Thank you
Investor Relations Contact Deniz Özer Investor Relations Manager Thank you Melek Melis Taşkanal Investor Relations Executive +90 216 453 00 33 ir@inveo.com.tr
Slide 30: 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
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