Inveo Yatirim Holding As · BIST:INVEO
Inveo Yatirim Holding As — Inveo Yatırım Holding — Investor Presentation (February 2025)
43 slides from Inveo Yatirim Holding As's investor presentation, February 2025
Slide 1: Inveo Yatırım Holding Investor Presentation 2024
Inveo Yatırım Holding Investor Presentation – 2024 February 2025
Slide 2: Disclaimer
Disclaimer The contents of this presentation have been prepared by Inveo Yatırım Holding Anonim Şirketi (“the Company”) for the purpose of providing general information available at the date of this presentation. The Company relies on information gathered from sources it believes to be reliable, but
Slide 3: Agenda
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2025 Targets 7. Financial Results (Except TAS 29) 8. Appendix 3
Slide 4: Inveo: New Generation Value Investor
Inveo: New Generation Value Investor OUR VISION SOCIAL VALUES Through our investments and the value we add to the companies we invest in, we are Training for increasing savings and relentlessly moving toward our vision of conscious savings, achieving $1.7 billion in market value by 2028. Increased p
Slide 5: Since Our Establishment Our Journey Making a Difference Continues
Since Our Establishment Our Journey Making a Difference Continues PREPARATION & TRANSFORMATION Innovation &Technology Vision in Investment in a Story that started with Capital Markets… 2024 Transfers After the 2023 Simplification Plan New Investments • Ichain The Birth of Inveo • Inveo Araç • Devexp
Slide 6: We are Travelling to the Future with Experienced Board Members
We are Travelling to the Future with Experienced Board Members 45+ years of experience 16+ years of experience 25+ years of experience 39+ years of experience 45+ years of experience Erhan Topaç Onur Topaç Bora Oruç Rüya Eser Ahmet Aka Chairman Vice Chair of the Board Independent Board Independent B
Slide 7: Inveo Yatırım Holding at a Glance
Inveo Yatırım Holding at a Glance Shareholder Structure Erhan Topaç Buy Back Shares 81.02 % 0.85 % Free Float 9.1 1.94 9.13 18.13 % BN TL BN TL BN TL Capital 1 BN TL 16% 18% 17% Registered Capital Ceiling* 1 BN TL L.T. Financial Investments L.T. Financial Investments ➢ Introduction to the Renewable
Slide 8: 1. Corporate Profile
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2025 Targets 7. Financial Results (Except TAS 29) 8. Appendix 8
Slide 9: Our Investment Strategy: Right Time Right Value
Our Investment Strategy: Right Time Right Value We Create Value from Entry to Exit with Our Investments Our Investment Focus We invest Right Time Right Value Direct investments Financial markets in emerging investments sectors We exit Venture capital sustainable & game-changing with unity and synerg
Slide 10: We Grow Together with Our Stakeholders
We Grow Together with Our Stakeholders In our ecosystem that creates value as a whole with all our stakeholders, we grow with speed and dynamism and create sustainable synergies. Financial Investments Our Partners in Investments Business Partners Companies we have established Direct and Indirect Inv
Slide 11: We Monitor Our Ecosystem in 4 Main Areas of Activity
We Monitor Our Ecosystem in 4 Main Areas of Activity INVEO YATIRIM HOLDİNG AŞ CAPITAL MARKETS BANKING VENTURE CAPITAL OTHER INVESTMENTS 84.87% 96.52% 97.73% 100% 84.85% 100% 0.93% 100% Note: The ratios in the table are effective ownership ratios. 11
Slide 12: Inveo Ecosystem
Capital Markets Inveo Ecosystem Venture Capital 103 73 Number of Technology Companies Companies Number of Ecosystem 8 95 Direct Indirect Investments Investments Banking 129.2 MN USD 37.2 MN USD Total Investments Total Exits Crypto Other 12 Investments
Slide 13: 2. Investment Strategy and Inveo Ecosystem
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2025 Targets 7. Financial Results (Except TAS 29) 8. Appendix 13
Slide 14: Gedik Yatırım Shows Strong Performance on the Road to Leadership
Effective Gedik Yatırım Shows Strong Performance on the Road to Leadership Ownership 84.87% Strong Financial Indicators* (Million TL) Largest Branch Network and Number of Developments in 2024 Employees in the Sector Private Branch Structure Expands Equity Net Profit With Akdeniz, Başkent, Ege and Is
Slide 15: We Increased Our Share in Gedik Yatırım through Share Purchase Agreements
We Increased Our Share in Gedik Yatırım through Share Purchase Agreements Within the framework of the agreements made in 2022; Inveo 2021 2022 Yatırım Holding, for 41.83% shares of Gedik Yatırım; Erhan Topaç Effective Ownership Effective Ownership and Hakkı Gedik, with a maturity until 2026 460.5 mi
Slide 16: Misyon Yatırım Bankası Started Operations with Strong Staff
Effective Misyon Yatırım Bankası Started Operations with Strong Staff Ownership 96.52% Shareholder Structure Critical Developments Developments in 2024 Listed on CMB Crypto Asset Service Providers December Established with Misyon Bank, one of the four banks listed, became the 300 Million TL Capital
Slide 17: Inveo Portfolio Continues to Grow with High Profitability and New Funds
Inveo Portfolio Continues to Grow with High Profitability and New Funds Strong Financial Indicators (Million TL) Number of Funds and Fund AuM – 2024 Developments in 2024 Growth in Distribution Network Equity Net Profit (Loss) 120 118 46 48 19.8 Bn TL Continuing to expand its distribution channels, I
Slide 18: Inveo Ventures Continues Steady Growth
Effective Inveo Ventures Continues Steady Growth Ownership 97.73% Shareholder Structure Developments in 2024 Investment Portfolio Ventures in Portfolio Received Investment In 2024, new investments were made in 28 startups, 4 VCIFs, TOTAL and 1 VCIT. Gedik Yatırım 15% 21 4 71 Pre-Series A and Series
Slide 19: 3. Developments from Holding and Selected Companies
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2025 Targets 7. Financial Results (Except TAS 29) 8. Appendix 19
Slide 20: We Diversify Our Investments Across Our Fields of Activity
We Diversify Our Investments Across Our Fields of Activity INVEO YATIRIM HOLDING AŞ CAPITAL MARKET BANKING VENTURES CAPITAL OTHER INVESTMENTS 7,154 MN TL 1,106 MN TL 474 MN TL 62 MN TL 155 MN TL 1 MN TL 24 MN TL 123 MN TL Ratio of non-Gedik Yatırım investments to total investments was 1.8% at the en
Slide 21: 2024 Value Changes of Financial Investments
2024 Value Changes of Financial Investments Value Increase/ 31 December 2023 Value Capital Increase / Net Value Increase / 31 December Decrease Rate Long Term Financial Investments (Million TL) Net Investment / Sale (B) (A) Advance (C) Decrease (D) 2024 Value (E) ((E-A)/A) Capital Markets 9,499 - -
Slide 22: We are Implementing the Simplification Plan in Our Investments
We are Implementing the Simplification Plan in Our Investments Annual Annual (16%) (48) Key Financial Indicators Long-Term Financial Investments Number of Direct* and Indirect** (Million TL) (Million TL) Investments 11,500 11,055 151 10,851 16 9,500 9,099 9,131 1,017 9,099 7,860 839 7,500 103 8 5,50
Slide 23: INVEO Stock Performance from the Beginning of 2023
INVEO Stock Performance from the Beginning of 2023 01.01.2023 - 31.12.2023 01.01.2023 – 26.02.2025 01.01.2024 - 26.02.2025 Rate of Change Rate of Change Rate of Change INVEO 37% (6%) (34%) USD/TL 57% 95% 23% BIST 100 Index 32% 79% 26% BIST Holding and Investment Index 28% 61% 24% 250 INVEO 200 ➢ Tra
Slide 24: 4. Financial Results
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2025 Targets 7. Financial Results (Except TAS 29) 8. Appendix 24
Slide 25: Inveo Yatırım Holding Simplifies in 2024
Inveo Yatırım Holding Simplifies in 2024 INVEO YATIRIM HOLDİNG SIMPLIFICATION PLAN PRE-SIMPLIFICATION POST-SIMPLIFICATION CAPITAL MARKETS 2024 Simplification Plan Realized Transfers CAPITAL MARKETS BIE - 1. Gaming ve Esports GSYF BANKING BANKING Finveo Yatırım Holding Transformation Alfa Beta VENTUR
Slide 26: Inveo Yatırım Holding Increases Efficiency with Simplification Plan
Inveo Yatırım Holding Increases Efficiency with Simplification Plan INVEO YATIRIM HOLDİNG – PRE-SIMPLIFICATION CAPITAL MARKETS 2024 Simplification Plan Objectives • To increase organizational and operational efficiency, BANKING • To make effective resource management, VENTURE CAPITAL • To benefit mo
Slide 27: Inveo Completes Transfer of Selected Investments under Simplification Plan
Inveo Completes Transfer of Selected Investments under Simplification Plan Transferee Gedik Yatırım enters the Crypto Asset Area. HiVC's Investment Transferred Strategy Changed in 2024. The Area of BIE - 1. Gaming ve Technology Entrepreneurship will Esports GSYF be gathered in Ventures. BUG The Fint
Slide 28: Technology Entrepreneurship Area to be Gathered under Inveo Ventures
Technology Entrepreneurship Area to be Gathered under Inveo Ventures Pre-Simplification Investments Post-Simplification Investments 6 STARTUP 1 VCIF TOTAL 9 2 21 +12 New 4 +2 New 69 STARTUP VCIF STARTUP VCIF STARTUP 1 5 All 12 planned startups have been successfully transferred. As of December 31, 2
Slide 29: International Capital Markets Companies to be Managed Under One Roof
International Capital Markets Companies to be Managed Under One Roof We are gathering the Alfa Beta Process Steps companies we have invested in different countries in the Inveo Alfa and Inveo Beta have field of capital markets on 1. merged under Inveo Alfa. a global scale under one roof within Alfa
Slide 30: Private Equity Investments will Accelerate with TURPE
Private Equity Investments will Accelerate with TURPE Process Steps TURPE's primary investment focus and HiVC's name will be changed to 1. strategy are centered around Series B/above Turkish Private Equity (TURPE)*. and Pre-IPO level SME companies that; • Have financial performance that can be A cap
Slide 31: Inveo Yatırım Holding – Post-Simplification Plan Investments
Inveo Yatırım Holding – Post-Simplification Plan Investments INVEO YATIRIM HOLDİNG INVEO VENTURES CAPITAL MARKETS TOTAL 21 +12 New 4 +2 New 69 BANKING STARTUP VCIF STARTUP VENTURE CAPITAL TURPE * TOTAL STARTEGIC INVESTMENTS 5 STARTUP *Application was made to the CMB regarding the increase of the iss
Slide 32: 5. 2024 Simplification Plan
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2025 Targets 7. Financial Results (Except TAS 29) 8. Appendix 32
Slide 33: What will happen at Inveo Yatırım Holding in 2025?
What will happen at Inveo Yatırım Holding in 2025? INVEO GEDİK YATIRIM MİSYON BANK INVEO VENTURES INVEO PORTFÖY TURPE* • Inveo Yatırım Holding • Gedik Yatırım aims to • Mission Yatırım • Inveo Ventures aims • Inveo Portföy, under • Turpe GSYO, by plans to offer financing reach a wider investor Banka
Slide 34: 6. 2025 Targets
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2025 Targets 7. Financial Results (Except TAS 29) 8. Appendix 34
Slide 35: Improvement in Key Financial Indicators Continues (Except TAS 29)
Improvement in Key Financial Indicators Continues (Except TAS 29) (Million TL) Key Financial Indicators 10,000 140% 8,857 9,000 119% 120% 8,000 7,656 7,586 101% 100% 7,000 6,302 6,000 83% 80% 5,000 68% 4,310 60% 4,000 3,209 3,170 3,000 40% 36% 1,971 2,000 1,224 1,165 1,184 20% 1,000 771 705 17% 538
Slide 36: Inveo Ecosystem Continues to Gain Value with New Investments (Except TAS 29)
Inveo Ecosystem Continues to Gain Value with New Investments (Except TAS 29) Long Term Financial Investments Direct* and Indirect** Investments (Quantity) (Million TL) 180 151 150 CAGR 64% CAGR 160 +15 132 130 8,825 Annual 140 Annual 16 17% 1,671 7,516 (60) 110 120 105 17 103 1,139 90 100 17 8 76 70
Slide 37: Our Financial Investments Gained Value in 2023 (Except TAS 29)
Our Financial Investments Gained Value in 2023 (Except TAS 29) Long Term Financial Investments (Million 31 December 2023 Capital Increase / Advance Net Value Increase / Decrase 31 December 2024 Value Increase Rate Net Investment / Sale (B) TL) Value (A) (C) (C) Value (E) ((E-A)/A) Capital Markets 6,
Slide 38: 7. Financial Results (Except TAS 29)
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2025 Targets 7. Financial Results (Except TAS 29) 8. Appendix 38
Slide 39: TAS 29 Financial Statement Effects
TAS 29 Financial Statement Effects Million TL 2023 2024 Indexation of Financial Investments 2,444 3.373 Retained Earnings (1,655) (2,649) Paid-in Capital (629) (178) Deferred Taxes (112) (88) TOTAL TAS29 EFFECT Indexation Effect of Profit or Loss Items 6 (100) Legal Reserves (125) (21) Share Premium
Slide 40: Inveo – IFRS Condensed Financial Statements
Inveo – IFRS Condensed Financial Statements Balance Sheet Income Statement Million TL 2023 2024 Change % Million TL 2023 2024 Change % Current Assets 197 31 (84) Gross Profit (Loss) 1,041 (1,339) N/A Financial Investments 167 22 (87) General Administrative Expenses (-) (67) (69) 2 Non Current Assets
Slide 41: Inveo – IFRS Condensed Financial Statements (Except TAS 29)
Inveo – IFRS Condensed Financial Statements (Except TAS 29) Balance Sheet Income Statement Million TL 2023 2024 Change % Million TL 2023 2024 Change % Current Assets 136 31 (77) Gross Profit (Loss) 95 1,626 1,618 Financial Investments 116 22 (81) General Administrative Expenses (-) (31) (61) 93 Non
Slide 42: Changes in Capital Share and Share Ratios in Direct Investments
Changes in Capital Share and Share Ratios in Direct Investments DIRECT FINANCIAL 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 INVESTMENTS Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Gedik Yatırım 10,414,164 18
Slide 43: Thank You
Investor Relations Contact Deniz Özer Investor Relations Manager Thank You Diğdem Erdoğan Investor Relations Executive Hakan Duran Investor Relations Assistant Specialist +90 216 453 00 33 ir@inveo.com.tr Links Annual Reports Financial Statements IR section of the Inveo Yatırım Holding website
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