Is Gayrimenkul Yatirim Ortakligi A.s. · BIST:ISGYO
Is Gayrimenkul Yatirim Ortakligi A.s — Investor Presentation (June 2021)
24 slides from Is Gayrimenkul Yatirim Ortakligi A.s's investor presentation, Jun 30, 2021
Slide 1: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 2: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 3: IS REIC
IS REIC IS REIC was established in 1999, by the strategic partnership of Isbank. • Mcap TL 1.802 mn Total Mcap size of the sector is TL 56 bn.* *Excluding Başkent Doğalgaz GYO • Asset Size TL 5.286 mn • Equity Size TL 4.126 mn • Real Estate Portfolio TL 4.768 mn • Rental Portfolio Size TL 3.975 mn •
Slide 4: Why IS REIC?
Why IS REIC? Diversified real estate portfolio Office 58%, retail 25% and residential 7% Solid & growing rental income ~TL 110 mn rental income for 1H2021. Financially strong tenants & long-term leases 63% of the rental income comes from İş Group Investment models with long-term leases
Slide 5: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 6: Real Estate Portfolio Breakdown
Real Estate Portfolio Breakdown Real Estate Portolio Value mn TL Office 2.789 58% Retail 1.186 25% Rental Portfolio 3.975 83% Projects 403 8% Inventories 197 5% Land 193 4% TOTAL 4.768 100% *Inventories represent the undelivered units. **Projects represent IFC, Kasaba Evleri and Altunizde Residentia
Slide 7: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 8: Office Portfolio
Office Portfolio Ankara İş Tower İş Towers İş Towers TUTOM Maslak Office Tower 2 Tower 3 Office Lamartine 1H21 Rental Income TL 57 mn TL 13 mn TL 4 mn TL 5 mn TL 1.339 Appraisal Value TL 548 mn TL 543 mn TL 359 mn mn % share in 39% 48% 17% 20% 16% 19% 10% office investments Office Portfolio TL, mn
Slide 9: Retail Portfolio
Retail Portfolio Marmara Kanyon Ege Perla Park Shopping Shopping The Others Shopping Center Center Center 1H21 Rental TL 11 mn TL 2 mn TL 17 mn TL 2 mn Income* Appraisal Value TL 580 mn TL 235 mn TL 245 mn TL 125 mn 49% 49% 22% 20% 16% 21% Represent 90% of the total retail investments. (TL 1.060 m
Slide 10: Growth of the Rental Income
Growth of the Rental Income The rental income expectation for 2021 is ~ TL 210-230 mn. Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 11: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 12: İstanbul Financial Center Project (IFC)
İstanbul Financial Center Project (IFC) Location : Atasehir, Istanbul Project type : A mixed use project (office & commercial) Estimated saleable/leasable area : ≈ 32K sqm Income Projection Estimated development cost: ≈ TL 370 mn* Estimated rental Income : TL 45-50 mn *Designed by (*) Excluding fina
Slide 13: Kasaba Evleri Residential Project
Kasaba Evleri Residential Project Location : Cekmekoy, Istanbul Project type : Residential project comprising 16 villas Commencement of the project : 2021/Q1 Number of villas sold: 14 Projections Estimated sales revenue : TL 120 mn Estimated completion date: June, 2022 Sınıflandırma: HİZMETE ÖZEL |
Slide 14: Altunizade Residential Project
Altunizade Residental Project* Location : Altunizade, Istanbul ~𝟐 𝒌𝒎 Project Type: Residential project with commercial area Project Details: 6 residential blocks, 1 office block and partial commercial area ~𝟖𝟎𝟎𝐦𝐭 • Number of Residentials: 92 • Estimated saleable/leasable commercial area : ≈…
Slide 15: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 16: Planned Projects
Planned Projects Kadıköy Hotel Project Tuzla Residential Project ~𝟐 𝒌𝒎 ~𝟏𝟎𝟎𝐦𝐭 Tepe Nautilus ~𝟖𝟎𝟎𝐦𝐭 Location : Kadikoy, Istanbul Location : Tuzla, Istanbul Project Type: Hotel and commercial area Acquisition date: January, 2016 Acquisition Date: December, 2016 Land Area: ≈ 53K sqm…
Slide 17: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 18: Dividend Payout
Dividend Payout • According to the Dividend Policy, if the Company decides to distribute profits; “dividend must be at least 30% of the total distributable income in the form of cash or bonus share”. In the last 3 year period, the Company did not distribute cash dividend in order to optimize the c
Slide 19: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 20: Balance Sheet & Income Statement
Balance Sheet & Income Statement TL, mn 30.06.2021 TL, mn 30.06.2021 ASSETS 5.286,2 LIABILITIES 5.286,2 Current Assets 443,9 Short-term Liabilities 1.042,0 Long-term Assets 4.842,3 Long-term Liabilities 117,9 Shareholders' Equity 4.126,3 INCOME STATEMENT (TL, mn) 1H2021 1H2020 Sales Revenue 165,9 21
Slide 21: Financial Debt & Cash Position
Financial Debt & Cash Position Outstanding Loan Original Amount Outstanding Loan Bank Loans (TL mn) Date to Maturity TL mn Dolar Loan $22,1 2 years 194 TL Loans 408 1 year-3 year 408 Total 602 Bonds &Bills Original Amount (mn TL) Total 457 TOTAL FINANCIAL DEBT *After hedging. Sınıflandırma: HİZMETE
Slide 22: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 23: Stock Price vs. Index Performance
Stock Price vs. Index Performance Stock Price & Index Performance (%) 1H2021 ISGYO 1H2021 P/BV 0,44 BIST 100 -8,2 Avr. Trade Volume TL 111 mn XGMYO -14,9 ISGYO -26,0 Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 24: Investor Relations
Investor Relations Ayşegül Şahin Kocameşe Head Financial Reporting & Investor Relations Phone : +90 850 724 23 50 E-mail : aysegul.sahin@isgyo.com.tr This presentation has been prepared in order to inform Mine Kurt Yıldırım investors. Assistant Manager Investor Relations Since the presentation has b
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