Is Gayrimenkul Yatirim Ortakligi A.s. · BIST:ISGYO
Is Gayrimenkul Yatirim Ortakligi A.s — Investor Presentation (December 2021)
23 slides from Is Gayrimenkul Yatirim Ortakligi A.s's investor presentation, Dec 31, 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 2.905 mn Total Mcap size of the sector is ~ TL 87 bn.* *Excluding Başkentgaz GYO • Asset Size TL 6.676 mn • Equity Size TL 5.476 mn • Real Estate Portfolio TL 6.127 mn • Rental Portfolio Size TL 5.025 mn • Ren
Slide 4: Why IS REIC?
Why IS REIC? Diversified real estate portfolio Office 58%, retail 24% and residential 5% Solid & growing rental income 2021 annual rental income ~TL 244 mn 2022 YE expectation TL 330-350 mn Financially strong tenants & long-term leases 58% of the rental income comes from İş Group Inv
Slide 5: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 6: Real Estate Portfolio Breakdown
Real Estate Portfolio Breakdown Real Estate Portfolio Value mn TL Office 3.553 58% Retail 1.472 24% Rental Portfolio 5.025 82% Projects 676 11% Land 326 5% Inventories 100 2% TOTAL 6.127 100% *Inventories represent the undelivered units.Projects represent IFC, Kasaba Evleri and Altunizde Residential
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 2021 Rental TL 114 TL 27 mn TL 10 mn TL 9 mn Income mn Appraisal TL 1.653 TL 729 TL 725 TL 446 mn Value mn mn mn % share in office 47% 21% 20% investments Office Portfolio TL, mn Represent 88
Slide 9: Retail Portfolio
Retail Portfolio Marmara Kanyon Ege Perla Park Shopping Shopping The Others Shopping Center Center Center 2021 Rental TL 36 mn TL 38 mn TL 4 mn TL 5 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 Represent 90% of
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 : ≈ 32K sqm Income Projection Estimated development cost: ≈ TL 370 mn* Estimated rental Income : TL 45-50 mn *Designed by (*) Excluding fina
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 Number of villas sold: 16 Projections Estimated sales revenue : TL 120 mn Estimated completion date: June, 2022 Sınıflandırma: HİZMETE ÖZEL |
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: 92 • Estimated saleable/leasable commercial area : ≈…
Slide 14: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 15: Planned Projects
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 16: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 17: 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 18: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 19: Balance Sheet & Income Statement
Balance Sheet & Income Statement TL, mn 31.12.2021 TL, mn 31.12.2021 ASSETS 6.676,3 LIABILITIES 6.676,3 Current Assets 492,3 Short-term Liabilities 1.000,4 Long-term Assets 6.184,0 Long-term Liabilities 200,3 Shareholders' Equity 5.475,7 INCOME STATEMENT Jan.-Dec. Jan.-Dec. TL, mn 2021 2020 Sales Re
Slide 20: Financial Debt & Cash Position
Financial Debt & Cash Position Outstanding Financial Debt Date to Maturity Loan TL mn TL Loans < 2 year 888 Bills < 1 year 155 Total 1.043 Cash, TL mn 139 Total Financial Debt, TL mn 1.043 Net Debt, TL mn 904 Total Financial Debt/Assets 16% Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 21: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 22: Stock Price vs. Index Performance
Stock Price vs. Index Performance Stock Price & Index Performance (%) 2021 2021 BIST 100 26 P/BV 0,53 XGMYO 11 Avr. Trade Volume TL 85,6 mn ISGYO 19 Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 23: 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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