Is Gayrimenkul Yatirim Ortakligi A.s. · BIST:ISGYO
Is Gayrimenkul Yatirim Ortakligi A.s — İş Gayrimenkul Yatırım Ortaklığı A.Ş. — 9M 2024 Earnings Presentation
22 slides from Is Gayrimenkul Yatirim Ortakligi A.s's earnings presentation, Sep 30, 2024
Slide 1: Investor Presentation 30.09.2024
INVESTOR İŞ GAYRİMENKUL YATIRIM PRESENTATION ORTAKLIĞI A.Ş. 30.09.2024 isgyo.com.tr Sınıflandırma: GENEL | Classification: PUBLIC 1
Slide 2: Is REIC at a Glance
IS REIC AT A GLANCE SHAREHOLDING STRUCTURE Real Estate Mcap Portfolio TRY 16,4 Billion* TRY 40,3 Billion %33 Asset Size Rental Portfolio %52 TRY 45,6 Billion TRY 33,3 Billion %15 Rental Income Equity Size (9M-2024) TRY 39 Billion TRY 952 Mn IsBank IsBank Group Companies Other Around 67% of the capit
Slide 3: Is REIC at a Glance
IS REIC AT A GLANCE IS TOWERS COMPLEX 1999 İŞGYO Establishment 2000 2006 2007 2011 2012 2013 2015 2016 2017 2018 2022 2023 2024 TUTOM and İFM OFFICE TUZLA MIXED BUILDINGI Sınıflandırma: GENEL | Classification: PUBLIC 3
Slide 4: Is REIC Investment Highlights
IS REIC INVESTMENT HIGHLIGHTS DIVERSIFIED REAL ESTATE PORTFOLIO Diversified Financially Strong Strong Capital Real Estate Portfolio Tenants Structure 6,2% 11,3% 19,0% 63,5% Office Retail Project Other Sınıflandırma: GENEL | Classification: PUBLIC 4
Slide 5: Rental Portfolio Real Estate Portfolio
RENTAL PORTFOLIO REAL ESTATE PORTFOLIO Sınıflandırma: GENEL | Classification: PUBLIC 5
Slide 6: Real Estate Portfolio
REAL ESTATE PORTFOLIO REAL ESTATE PORTFOLIO VALUE ASSET BREAKDOWN TRY Mn % SHARE 5,8% 0,4% OFFICE 25,662 63.5 % 11,3% Rental Portfolio RETAIL 7,645 19.0% 63,6% PROJECTS 4,563 11.3% 18,9% LAND 163 0.4% Office Retail Projects Land Inventories INVENTORIES 2,334 6,5% REAL ESTATE PORTFOLIO GEOGRAPHICAL B
Slide 7: Office Investments
OFFICE INVESTMENTS TUTOM IŞ TOWERS Ankara Office Lamartine Technology Operation Centre Tower 2-3 Iş Tower Maslak Office of Tuzla 2024 –9M 2024 –9M 2024 –9M Rental TRY 305 Mn Rental TRY 172 Mn Rental TRY 28 Mn Income Income Income Appraisal Appraisal TRY 3.119 Mn TRY 8.681 Mn Appraisal TRY 8.611Mn Va
Slide 8: Office Investments - Istanbul Finance Centre (IFC)
LEED GOLD GREEN BUILDING OFFICE INVESTMENTS- ISTANBUL FINANCE CENTRE (IFC) CERTIFICATION LOCATION: ATAŞEHİR, ISTANBUL PROJECT TYPE OFFICE &COMMERCIAL TOTAL SALEABLE/ LEASABLE AREA: c. 35.000 Sqm DEVELOPMENT COST ≈ 110 Mn USD (Inc. Land) Est. ANNUAL ≈ 10 Mn USD* RENTAL INCOME 8 Sınıflandırma: GENEL |
Slide 9: Retail Investments
RETAIL INVESTMENTS SHOPPING CENTRES • KULE ÇARŞI • TUZLA MEYDAN • MALLMARINE KANYON* 49% MARMARA 20% PARK EGE PERLA OTHERS 21% 2024 –9M 2024 –9M 2024 –9M 2024 –9M TRY 200 Mn Rental TRY 194 Mn TRY 25 Mn Rental TRY 27 Mn Rental Rental Income Income Income Income Appraisal Appraisal TRY 2.652 Mn Apprai
Slide 10: Litus Istanbul
LITUS ISTANBUL LOCATION ALTUNİZADE, ISTANBUL PROJECT TYPE: RESIDENTIAL PROJECT NUMBER OF UNITS: 98 NUMBER OF UNITS SOLD: 50 (As of September 2024) DEVELOPMENT COST*: 96 Mn USD INVESTMENT MODEL: 50%-50% COST & REVENUE SHARING WITH TECIM TOTAL SALEABLE AREA: c. 35.800 Sqm Sınıflandırma: GENEL | Classi
Slide 11: Projects Under Development
PLANNED PROJECTS PROJECTS UNDER DEVELOPMENT Sınıflandırma: GENEL | Classification: PUBLIC 11
Slide 12: Kasaba Modern Project
KASABA MODERN PROJECT LOCATION PROJECT TYPE: OMERLI, ISTANBUL VILLA TOTAL LAND AREA: NUMBER OF UNITS 138.000 Sqm 165 VILLA EST. DEVELOPMENT COST: $ 190-200 Mn (Inc. Land) INVESTMENT MODEL: 44% ISGYO 56% TECİM COST & REVENUE INVESTMENT MODEL SHARING M Sınıflandırma: GENEL | Classification: PUBLIC 12
Slide 13: Kasaba Modern Project Phase 1
KASABA MODERN PROJECT KASABA MODERN PROJECT PHASE 1 CONSTRUCTION AREA –PHASE 1 PROJECT TYPE: CONSTRUCTION PROGRESS 20.789 sqm VILLA 30% SALEABLE AREA: NUMBER OF UNITS EST. DEVELOPMENT COST: 19.000 Sqm 61 VILLA $ 78 Mn (Inc. Land) Sınıflandırma: GENEL | Classification: PUBLIC 13
Slide 14: Profilo Residential Project and Balmumcu Project
PROFILO RESIDENTIAL PROJECT BALMUMCU PROJECT INVESTMENT MODEL: Revenue Sharing Agreement In Return for Land. LOCATION ARTAS will develop the residential project for which GAYRETTEPE, İSTANBUL undertakes all project expenses IS REIC MINIMUM REVENUE 70 UNITS $ 65 Mn + VAT RESIDENTIAL PROJECT OF c.200
Slide 15: Planned Projects
PLANNED PROJECTS PLANNED PROJECTS Sınıflandırma: GENEL | Classification: PUBLIC 15
Slide 16: Tuzla Residential Project
TUZLA RESIDENTIAL PROJECT LOCATION TOTAL LAND AREA: PROJECT TYPE TUZLA, ISTANBUL ~ 59.900 Sqm RESIDENTILAN PROJECT OF ~ 1.115 UNITS Sınıflandırma: GENEL | Classification: PUBLIC 16
Slide 17: Financials
PLANNED PROJECTS FINANCIALS Sınıflandırma: GENEL | Classification: PUBLIC 17
Slide 18: Financials
FINANCIALS BALANCE SHEET 30.09.2024 INCOME STATEMENT (Mn TRY) 30.09.2024 30.09.2023 Sales Revenue 2.742 1,021.6 ASSETS (Mn TRY) 45,665 LIABILITIES 45.665 Cost of Sales -1,729.9 -243.3 Current Assets 3,119 Short-Term Liabilities 5,608 42,546 902 Gross Profit/Loss 1,012.1 789.3 Non-current Assets Long
Slide 19: Financial Debt & Cash Position
FINANCIAL DEBT & CASH POSITION FINANCIAL DEBT AS OF 30.09.2024 BANK LOANS BILLS & BONDS TOTAL FINANCIAL DEBT 5,820 Mn TRY 1,811 Mn TRY 4,009 Mn TRY NET FINANCIAL DEBT 5,483 Mn TRY COST OF DEBT: 46-53 % COST OF DEBT: 39-60 % TOTAL FINANCIAL DEBT / ASSETS 13 % TOTAL OUTSTANDING FINANCIAL DEBT : 5.820
Slide 20: Stock Performance
PLANNED PROJECTS STOCK PERFORMANCE Sınıflandırma: GENEL | Classification: PUBLIC 20
Slide 21: Share Price vs Index Performance
02/01/2024 0 20 40 60 80 100 120 140 160 180 11/01/2024 Volume Mn TL 22/01/2024 31/01/2024 09/02/2024 20/02/2024 29/02/2024 11/03/2024 20/03/2024 29/03/2024 09/04/2024 24/04/2024 06/05/2024 15/05/2024 24/05/2024 STOCK PRICE & VOLUME 04/06/2024 FOREIGN OWNERSHIP 13/06/2024 27/06/2024 08/07/2024 18/07
Slide 22: Contacts
CONTACTS Ayşegül Şahin Kocameşe DISCLAIMER Assistant General Manager This presentation has been prepared in order to inform Phone : 0 850 724 23 50 investors. E-mail : aysegul.sahin@isgyo.com.tr Since the presentation has been prepared regarding the Mehmet Erdem Aykın previous period, the data in it
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