Halk Gayrimenkul Yatirim Ortakligi As · BIST:HLGYO
Halk Gayrimenkul Yatirim Ortakligi As — Halk Gayrimenkul Yatırım Ortaklığı A.Ş. — Q1 2015 Earnings Presentation
24 slides from Halk Gayrimenkul Yatirim Ortakligi As's earnings presentation, 2015
Slide 1: Q1 2015 Investor Presentation
2015 Q1 INVESTOR PRESENTATION
Slide 2: Halk Real Estate Investment Trust... Investing in the Future
[bul Fl IHALKGYO Halk Real Estate Investment Trust... Investing in the Future...
Slide 3: About Halk GYO
ABOUT HALK GYO Halk GYO, was established in 2010, invests in real estates, real estate projects, real estate based rights and capital market instruments. Halk GYO completed its IPO in February 2013 and is trading on the Borsa Istanbul (BIST) with the code “HLGYO” As of 31.03.2015; Halk GYO has
Slide 4: Real Estate Portfolio Distribution
REAL ESTATE DISTRIBUTION OF PORTFOLIO REAL ESTATE PORTFOLIO 1.535 Million TL Buildings 27% 492.5 Million TL Lands & Projects 73% Last Appraisal Values (December 2014) Appraisal Values (Establishment) (October 2010) 4
Slide 5: Real Estate Portfolio Regional Dispersal
REAL ESTATE PORTFOLIO REGIONAL DISPERSAL “Dedeman Park Sancaktepe Land Levent “ Otel Project İstanbul “Finance Center“ Project’s Land “Referans Kocaeli Şekerpınar Bakırköy” “Operational Center” Project Project Eskişehir “Panorama Plus” Project Buildings, Lands and Projects 5
Slide 6: Real Estate Portfolio Table
REAL ESTATE PORTFOLIO TABLE 2015 March 2015 March *Sancaktepe Land REAL ESTATES Net Book Values Last Appraisal Values purchased in October (TL) (TL) through the joint venture LANDS (%50 Halk REIT & %50 İstanbul Finance Center Land 261.840.802 574.633.400 Vakıf REIT). Total appraisal İstanbul Sancakt
Slide 7: Rental Income Ratios
RENTAL INCOME RATIOS Period Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Building Rent Revenue (TL) 4.073.794 6.896.228 7.000.728 6.958.874 7.053.976 7.057.301 7.065.163 7.661.113 7.550.257 7.521.320 7.370.114 7.317.772 7.319.204 9,3% 9,3% 9
Slide 8: Halkbank Finance Tower
COMPLETED PROJECTS HALKBANK FINANCE TOWER In 2012, we acquired this 23-floor Class A office tower located near the Istanbul Finance Center Project while it was under construction. The tower is leased to Halkbank for four years. Due to its premium location, this acquisition has already increased our
Slide 9: İstanbul Finance Center
ONGOING PROJECTS İSTANBUL FINANCE CENTER As Halk GYO, we are one of the major stakeholders of the Istanbul International Finance Center Project where we will build two office towers, one with 46 floors and the other with 34 floors. The project also comprises 3 buildings each with 8 floors. Halk GYO
Slide 10: Referans Bakırköy
ONGOING PROJECTS REFERANS BAKIRKÖY Referans Bakırköy Project is HalkGYO’s first residential project. The project is developed based on revenue sharing model with our Company’s 50.5 percent share from total sales revenue. The project consists of 254 residential and 73 commercial units. As of March 31
Slide 11: Dedeman Park Levent
ONGOING PROJECTS DEDEMAN PARK LEVENT The construction of the project has begun on our land plot in Levent. It will be the first hospitality project on Halk GYO’s portfolio.The project will become one of the finest examples of urban hotels in Levent area in İstanbul. When completed, it will meet the
Slide 12: Eskişehir Panorama Plus
ONGOING PROJECTS ESKİŞEHİR PANORAMA PLUS The project is currently underway in the Odunpazarı District of City of Eşkisehir, one of the fastest growing cities of Turkey. The project Panorama Plus will be a unique component in the cityscape of Eskisehir with its 18-floor high rise tower, the tallest r
Slide 13: Kocaeli Şekerpınar
ONGOING PROJECTS KOCAELİ ŞEKERPINAR Halk GYO is also carrying out an banking operational center in Şekerpınar district of Kocaeli. The project will consist of a operation center, hospitality unit, training facilities, a conference center and other facilities. In the project, the construction permits
Slide 14: Sancaktepe Residential Project
PLANNED PROJECTS SANCAKTEPE RESIDENTIAL PROJECT 98k sqm land plot in Sancaktepe district of Istanbul has been bought for TL 110.000.000 through the joint venture (50% Halk REIT / 50% Vakıf REIT) to build a residential project The land is close to transportation networks, malls, community lots and Is
Slide 15: Salıpazarı Hotel Project
PLANNED PROJECTS SALIPAZARI HOTEL PROJECT Aiming to utilize our portfolio in the most efficient way, the best use and feasibility studies have been done for our Salıpazarı Building, which is registered in Beyoğlu District, İstanbul. After the best use studies, it was decided to renovate the Building
Slide 16: Financial Data
FINANCIAL DATA 31.03.2015 BALANCE SHEET 31.12.2014 31.03.2015 ( TL) Current Assets 183,420,241 169,106,496 “Net Profit” Liquid Assets 46,587,030 27,831,268 increased Inventories 103,090,737 106,375,053 %10.2 Non-Current Assets 744,986,425 765,828,263 INCOME TABLE 01.01.2014 01.01.2015 ( TL) 31.03.20
Slide 17: Distribution of Assets and Liabilities
DISTRIBUTION OF ASSETS AND LIABILITIES 31.03.2015 Distribution of Assets TL Distribution of Liabilities TL Buildings Lands and Projects Cash and Cash Equivalents Others Equities Deferred Income Financial Debts Others 934 million TL 928 million TL 934 millionTL 928 million TL 1% 1.3% 7% 7% 2% 1.7% 5%
Slide 18: Balance Sheet Items
BALANCE SHEET ITEMS Thousand TL Y-o-Y 951.256 Assets 3.2% 914.836 928.406 934.934 890.131 905.535 838.951 853.944 867.935 838.264 797.936 827.793 747.182 754.010 769.176 Shareholder’s Equity 7.6% 779.029 785.355 741.360 544.401 491.841 Lands and Projects 60% 459.377 335.207 334.914 325.942 334.618 3
Slide 19: Income Statement Items
INCOME STATEMENT ITEMS TL Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Total Revenues 8,532,067 10,052,700 11,473,735 28,455,348 13,518,983 16,366,608 18,566,116 38,159,410 16,026,056 Rent Income 7,053,976 7,057,301 7,065,163 7,661,113 7,550,257 7,521,320 7,370,117 7,317,7
Slide 20: Distribution of Main Income Items
DISTRIBUTION OF MAIN INCOME ITEMS (TL) 42,541,150 Sales Reveues Rent Revenues Financial Revenues Others 67% 22,513,338 17,126,024 16,350,165 32% 13,795,605 21% 9% 48% 33% 44% 17% 55% 18% 5% 46% 30% 34% 11% 17% 5% 6% Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 20
Slide 21: Distribution of Main Expense Items
DISTRIBUTION OF MAIN EXPENSE ITEMS (TL) Personal Finance Amortization 12,285,235 Propert Tax Cost Sales 10,138,236 11% Others 4% 4% 5% 3% 7,906,004 4% 6% 6% 5,879,809 19% 5% 1% 4,299,496 63% 4% 25% 12% 11% 7% 6% 9% 53% 3% 34% 9% 56% 43% 15% 27% Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 21
Slide 22: Targets
TARGETS Main Targets 2015 Targets To start the construction of our towers in the “Istanbul Finance Center (IFC)” project To be one of the leaders of Turkish REIT Sector To complete the construction the 2st part (Block B) and to lease 1st part Block A of the To use our capital in the “Kocaeli Şekerpı
Slide 23: Investor Relations Contact and Disclaimer
For further information please contact; Investor Relations Address: Şerifali Çiftliği Tatlısu Mahallesi Ertuğrulgazi Sokak No:1 34774 Yukarı Dudullu - Ümraniye / İSTANBUL E-mail: ir@halkgyo.com.tr Phone: +90 216 600 10 25 DISCLAIMER The information contained in this presentation has been prepared by
Slide 24: Notes
NOTES ………………………………………………………………………………………………………………………………………………… ………………………………………………………………………………………………………………………………………………… ………………………………………………………………………………………………………………………………………………… ………………………………………………………………………………………………………………………………………………… ………………………………………………………………………………………………………………………………………………… ……………………………………
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