Is Gayrimenkul Yatirim Ortakligi A.s. · BIST:ISGYO
Is Gayrimenkul Yatirim Ortakligi A.s — 9M 2022 Earnings Presentation
24 slides from Is Gayrimenkul Yatirim Ortakligi A.s's earnings presentation, 2022
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 5.868 mn Total Mcap of the sector is ~ TL 125 bn. • Asset Size TL 7.812 mn • Equity Size TL 5.653 mn • Real Estate Portfolio TL 6.835 mn • Rental Portfolio Size TL 5.178 mn • Rental Income for 2022/9M TL 264 m
Slide 4: Why IS REIC?
Why IS REIC? Diversified real estate portfolio Office 54%, retail 22%, projects 17% Solid & growing rental income ~TL 264 mn rental income for 9M2022 2022 YE expectation TL 330-350 mn Financially strong tenants & long-term leases 48% of the rental income comes from İş Group Investmen
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 Rental Portfolio mn TL Office 3.706 54% Rental Portfolio Retail 1.473 22% 5.178 76% Projects 1.137 17% Inventories 61 1% Land 459 7% TOTAL 6.835 100% *Inventories represent the undelivered units.Projects represent IFC, Kasaba Evleri and Altu
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 2022 9M TL 103 Rental TL 24 mn TL 8 mn TL 8 mn mn Income Appraisal TL 1.653 TL 729 TL 725 TL 446 mn Value mn mn mn % share in office 45% 20% 20% investments Office Portfolio TL, mn Represent 8
Slide 9: Retail Portfolio
Retail Portfolio Kanyon Marmara Ege Perla Shopping Others Park AVM AVM Center * 2022 9M Rental TL 51 mn TL 57 mn TL 6 mn TL 7 mn Income Appraisal Value TL 692 mn TL 350 mn TL 282 mn TL 148 mn % share in retail 47% 24% 19% investments Retail Portfolio TL, mn Appraisal Value 1.472 Represent 90% of t
Slide 10: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 11: 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 : ≈ 33K sqm Income Projection Estimated development cost: ≈ TL 500 mn* Estimated rental Income : TL 60 mn *Designed by (*) Excluding finance
Slide 12: Kasaba Evleri Residential Project
Kasaba Evleri Residential Project Location : Cekmekoy, Istanbul Project type : Residential project comprising 16 villas Commencement of the project : 2021/Q1 Project Figures Number of villas : 16 (all sold out) Sales revenue* : TL 110 mn (*) Represents the revenues of 15 delivered villas. Sınıflandı
Slide 13: 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: 98 • Estimated saleable/leasable commercial area : ≈…
Slide 14: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 15: Planned Projects: Ömerli Residential Project
Planned Projects Ömerli Residential Project ~𝟐 𝒌𝒎 ~𝟏𝟎𝟎𝐦𝐭 Location : Ömerli, Istanbul ~𝟖𝟎𝟎𝐦𝐭 Project Type: Residential Acquisition Date: February, 2022 Land Area: 73K sqm Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 16: Planned Projects: Kadıköy Hotel and Tuzla Residential
Planned Projects Kadıköy Hotel Project Tuzla Residential Project ~𝟐 𝒌𝒎 ~𝟏𝟎𝟎𝐦𝐭 Tepe Nautilus ~𝟖𝟎𝟎𝐦𝐭 Location : Kadıköy, 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 4 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 30.09.2022 TL, mn 30.09.2022 ASSETS 7.812,0 LIABILITIES 7.812,0 Current Assets 780,7 Short-term Liabilities 1.935,5 Non-current Assets 7.031,3 Long-term Liabilities 222,9 Equity 5.653,6 INCOME STATEMENT Jan-Sep 2022 Jan-Sep 2021 TL, mn Sales Revenue 523,5 286,
Slide 21: Financial Debt & Cash Position
Financial Debt & Cash Position Outstanding Bank Loans Date to Maturity Loan TL mn TL Loans 6m - 1 Year 1.278 Bills & Bonds 6m - 1 Year 768 Total 2.046 Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
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 (%) 30.09.2022 01.01.2022 - 30.09.2022 BIST 100 71 P/BV 1,05 XGMYO 57 Avg. Trade Volume TL 148,2 mn ISGYO 102 Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 24: Investor Relations
Investor Relations Ayşegül Şahin Kocameşe Assistant General Manager Phone : +90 850 724 23 50 E-mail : aysegul.sahin@isgyo.com.tr Mine Kurt Yıldırım This presentation has been prepared in order to inform Assistant Manager investors. Investor Relations Phone : +90 850 724 23 50 Since the presentation
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