Halk Gayrimenkul Yatirim Ortakligi As · BIST:HLGYO
Halk Gayrimenkul Yatirim Ortakligi As — Halk Gayrimenkul Yatırım Ortaklığı A.Ş. — Investor Presentation (2024)
29 slides from Halk Gayrimenkul Yatirim Ortakligi As's investor presentation, 2024
Slide 1: Investor Presentation 2024
TUN \VHALKGYO INVESTOR PRESENTATION 2024
Slide 2: 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 December 31, 2024; Halk GYO
Slide 3: Real Estate Portfolio Distribution
REAL ESTATE DISTRIBUTION OF PORTFOLIO PORTFOLIO TL 39.9 Billion Unprojected Lands 2.8% Buildings that generate rental TL 492.5 Million income 97.2% 2024 Establishment Investor Relations 2
Slide 4: Real Estate Portfolio Regional Dispersal
REAL ESTATE PORTFOLIO REGIONAL DISPERSAL «Beykoz Lands» İstanbul “Bizimtepe Aydos” İstanbul Finance Center «Paye Sakarya» «Halk Office Towers» Kocaeli İstanbul “Şekerpınar Office Buildings” “Referans Bakırköy» Kocaeli “Dilovası Modern Industrial Site” Erzurum “Şehristan Residential” Bursa Buiding Es
Slide 5: Real Estate Portfolio: Lands and Projects
REAL ESTATE PORTFOLIO 2024 December LANDS Current Status ¹Fair Value(TL) Antalya Land Land (Empty) 629,280,000 Beykoz Land Land (Empty) 430,000,000 Salıpazarı Land Land (Car Park) 45,132,000 TOTAL LANDS 1,104,412,000 PROJECTED LANDS & PROJECTS Dilovası Modern Industrial Site In construction and sale
Slide 6: Real Estate Portfolio: Buildings That Generate Rental Income
REAL ESTATE PORTFOLIO BUILDINGS THAT GENERATE 2024 Jan.-Dec. 2024 December Tenant RENTAL INCOME Rental Income(TL) Fair Value (TL) *9 month rental value of the İFM Halk Office Block A Bank Headquarter 1,048,309,188 16,013,184,000 Karaköy Building. İFM Halk Office Block B Empty - 10,807,282,320 **8 mo
Slide 7: Rental Income - Rate of Return
RENTAL INCOME - RATE OF RETURN 3.5% 1,367.4 Rental Rate of Return Ratio 2.5% Building Rental Income/ 848.8 Last Appraisal Value of Leased Buildings 2024 2023 Rental Income (Million TL) Investor Relations 6
Slide 8: Completed Projects: Ataşehir Finance Tower
COMPLETED PROJECTS ATAŞEHİR FINANCE TOWER In 2012, we acquired this 23-floor class A office tower located near the İstanbul Finance Center Project while it was under construction. Being in Batı Ataşehir district, which is one of the closest areas to İstanbul Finance Center. Ataşehir Finance Tower su
Slide 9: Completed Projects: Referans Bakırköy
COMPLETED PROJECTS REFERANS BAKIRKÖY Referans Bakırköy is Halk GYO’s first residential project, The project is developed based on a revenue sharing model in which our Company’s share is 50,5 percent. The project which carried out together with Biskon Yapı A.Ş., an association of Kiler Holding, has r
Slide 10: Completed Projects: İstanbul Levent Hotel
COMPLETED PROJECTS İSTANBUL LEVENT HOTEL İstanbul Levent Hotel is the first hospitality project in Halk GYO’s portfolio. It meets the much felt need for business hotels on Mecidiyeköy-Maslak line, Istanbul. Levent Hotel has been open since July, 2015. The project is aimed to be an environmentally fr
Slide 11: Completed Projects: Eskişehir Panorama Plus
COMPLETED PROJECTS ESKİŞEHİR PANORAMA PLUS The project located in Odunpazarı-Eskişehir, developed on an area of 9,811 sqm and covers 102 independent units consists 97 residential and 5 commercial units. The Project was completed in 2015 and all of the project was sold. Panorama Plus is the first pro
Slide 12: Completed Projects: Şekerpınar Banking Center
COMPLETED PROJECTS ŞEKERPINAR BANKING CENTER Şekerpınar Banking Center which developed on our Şekerpınar-Kocaeli land which was purchased in September 2012, has an usage area of approximately 9k sqm. Project was completed in 2015 and leased in April of the same year. Center is aimed to be an environ
Slide 13: Completed Projects: Halk Office Şekerpınar
COMPLETED PROJECTS HALK OFFICE ŞEKERPINAR Halk Office Şekerpınar located on our Şekerpınar-Kocaeli land which was purchased in September 2012, has an usage area of approximately 53k sqm. Halk Office Şekerpınar was sold in May 2023. Investor Relations 12
Slide 14: Completed Projects: Bizimtepe Aydos
COMPLETED PROJECTS BİZİMTEPE AYDOS The Project will constructed through joint venture with Vakıf GYO. It is located on Sancaktepe, one of the most developing and popular districts of Istanbul. On the 95k sqm land, after leaving 90% of it for landscape the Project comprises 1085 independent units, be
Slide 15: Completed Projects: Şehristan Residential
COMPLETED PROJECTS ŞEHRİSTAN RESIDENTIAL The land in Erzurum/Yakutiye, of which prior proprietor was Er Konut, added into portfolio to develop a residential Project in April 2016. The project, developed through Halk GYO-Er Konut “Joint Venture”, land of approximately 24k sqm, comprises 13 blocks, ea
Slide 16: Completed Projects: Salıpazarı Hotel
COMPLETED PROJECTS SALIPAZARI HOTEL After the completion of the renovation, Salıpazarı Building started to serve as a hotel in 2018. Investor Relations 15
Slide 17: Ongoing Projects: Istanbul Finance Center Halk Office Towers
ONGOING PROJECTS İSTANBUL FINANCE CENTER «HALK OFFICE TOWERS» Our company, as one of the biggest stakeholders of the Istanbul Finance Center Project (IFC) carried out under the coordination of the Ministry of Environment, Urbanization and Climate Change, is building two towers with 46 (A Block) and
Slide 18: Ongoing Projects: Evora İzmir
ONGOING PROJECTS EVORA İZMİR “Teknik Yapı – Halk GYO Joint Venture” has been established providing all profits, liability and revenue to be divided equally with Teknik Yapı A.Ş., the winner of the Revenue Sharing Model Project in Return for Land Sale Tender, made by Emlak Konut GYO A.Ş., in 2017, fo
Slide 19: Ongoing Projects: Dilovası Modern Industrial Site
ONGOING PROJECTS DİLOVASI MODERN INDUSTRIAL SITE In September 2022, the building construction licenses were obtained for the project, which was realized as a result of the revenue sharing agreement in return for land sales at the rate of 47% (Marmara Metal) - 53% (Halk Yapı - our company's 100% subs
Slide 20: Ongoing Projects: Paye Sakarya
ONGOING PROJECTS PAYE SAKARYA Paye Sakarya Project, which was implemented within the framework of the "Cooperation Protocol" signed in December 2021 between the Company and other 3rd party, consists of 426 residences and 34 commercial units of different scales on a total land of 60,000 sqm. Our proj
Slide 21: Financial Tables (Consolidated)
FINANCIAL TABLES (Consolidated) BALANCE SHEET -TL DECEMBER 2024 DECEMBER 2023 INCOME STATEMENT–TL DECEMBER 2024 DECEMBER 2023 Current Assets 7,912,902,972 5,250,086,818 Revenue 1,769,135,509 2,279,225,246 Liquid Assets 101,404,493 105,102,693 Income From Sale of Investment Property 344,317,425 1,128
Slide 22: Total Assets, Equity and Net Profit
2024 2023 47.9 40,6 Billion TL 31.3 29.0 TOTAL ASSETS EQUITY Billion TL 2024 2023 3.7 1.2 NET PROFIT (The amounts are expressed based on the purchasing power of the Turkish Lira as of December 31, 2024.) Investor Relations 21
Slide 23: Distribution of Assets and Liabilities
DISTRIBUTION OF ASSETS AND LIABILITIES Distbution of Assets Distribution of Liabilities 86% 83% 72% 65% 17% 14% 13% 14% 11% 11% 7% 3% 3% 1% 2024 2023 2024 2023 Investment Properties Inventories Others Financial Debts Equity Deferred Income Others Investor Relations 22
Slide 24: Distribution of Main Income Items
DISTRIBUTION OF MAIN INCOME ITEMS 5% 1% 5% 11% Increase in Value Increase in Value of Investment 18% of Investment Properties Properties Net Monetary Net Monetary Position 55% 14% Position Rental Income 52% Rental Income Income from Sale Income from Sale of Investment of Investment Properties 21% Pr
Slide 25: Distribution of Main Expense Items
DISTRIBUTION OF MAIN EXPENSE ITEMS Financial Financial Expenses 3% 2% 6% 4% 1% Expenses 6% Current Period Current Period Tax Expense 8% 7% Tax Expense General General Administrative Administrative Expenses Expenses 48% Marketing 47% Marketing Expenses Expenses 34% Cost of 35% Cost of Investment Inve
Slide 26: Ratios
RATIOS 31.12.2024 31.12.2023 Equity / Total Assets %65.4 %71.5 Financial Debt / Equity %35.6 %18.9 Financial Debt / Total Assets %23.3 %13.5 ROE %3.9 %12.9 ROA %2.6 %9.2 Investor Relations 25
Slide 27: Rating Notes
RATING NOTES Credit Rating Note: In 2024, the credit rating review process of our Company, carried out by JCR Avrasya Rating Inc., was completed, and our Company's Long-Term National Institution Credit Rating was increased from AA+ to "AAA (Trk)/Stable", and the Short-Term National Institution Credi
Slide 28: 2024 Share Performance
2024 SHARE PERFORMANCE SHARE CLOSING PRICE: 2.65 TL % 29.90 MARKET VALUE: 9,752,000,000 TL Investor Relations 27
Slide 29: For further information please contact: Investor Relations
For further information please contact: Investor Relations ir@halkgyo.com.tr DISCLAIMER 0 216 600 1000 The information contained in this presentation has been prepared by Halk Gayrimenkul Yatırım Ortaklığı A.Ş. -Halk GYO for informational purposes only. Although the information in this presentation
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