Is Gayrimenkul Yatirim Ortakligi A.s. · BIST:ISGYO
Is Gayrimenkul Yatirim Ortakligi A.s — İş Gayrimenkul Yatırım Ortaklığı A.Ş. — Investor Presentation (February 2025)
21 slides from Is Gayrimenkul Yatirim Ortakligi A.s's investor presentation, February 2025
Slide 1: Investor Presentation 31.12.2024
INVESTOR İŞ GAYRİMENKUL YATIRIM PRESENTATION ORTAKLIĞI A.Ş. 31.12.2024 isgyo.com.tr Sınıflandırma: GENEL | Classification: PUBLIC 1
Slide 2: IS REIC at a Glance
IS REIC AT A GLANCE SHAREHOLDING STRUCTURE Mcap Real Estate TRY 16,7 Portfolio Billion* TRY 40,3 Billion %33 Asset Size Rental Portfolio %52 TRY 47,7 Billion TRY 31,3 Billion %15 Rental Income Equity Size (2024) TRY 39 Billion TRY 1,1 Billion IsBank IsBank Group Companies Other Around 67% of the cap
Slide 3: IS REIC at a Glance
IS REIC AT A GLANCE IS TOWERS COMPLEX 1999 İŞGYO Establishment 2000 2006 2007 2011 2012 2013 2015 2016 2017 2018 2022 2023 2024 TUTOM and İFM OFFICE TUZLA MIXED BUILDINGI Sınıflandırma: GENEL | Classification: PUBLIC 3
Slide 4: IS REIC Investment Highlights
IS REIC INVESTMENT HIGHLIGHTS DIVERSIFIED REAL ESTATE PORTFOLIO Diversified Financially Strong Strong Capital Real Estate Portfolio Tenants Structure 2,0% 19,0% 16,0% 63% Office Retail Project Other Sınıflandırma: GENEL | Classification: PUBLIC 4
Slide 5: Rental Portfolio Real Estate Portfolio
RENTAL PORTFOLIO REAL ESTATE PORTFOLIO Sınıflandırma: GENEL | Classification: PUBLIC 5
Slide 6: Real Estate Portfolio
REAL ESTATE PORTFOLIO REAL ESTATE PORTFOLIO VALUE ASSET BREAKDOWN TRY Mn % SHARE 5,8% 1,1% OFFICE 25.024 62,5 % 14,6% Rental Portfolio RETAIL 6.351 16% 62,5% PROJECTS 5.860 14,6% 15,9% LAND 460 1,2% Office Retail Projects Land Inventories INVENTORIES 2.334 5,8% REAL ESTATE PORTFOLIO GEOGRAPHICAL BRE
Slide 7: Office Investments
OFFICE INVESTMENTS TUTOM IŞ TOWERS Ankara Office Lamartine Technology Operation Centre Tower 2-3 and Bank Brunch Iş Tower Maslak Office of Tuzla 2024 2024 2024 Rental TRY 416 Mn Rental TRY 265 Mn Rental TRY 55 Mn Income Income Income Appraisal Appraisal TRY 3.783 Mn TRY 10.450 Mn Appraisal TRY 10.79
Slide 8: Retail Investments
RETAIL INVESTMENTS SHOPPING CENTRES • KULE ÇARŞI • TUZLA MEYDAN • MALLMARINE EGE PERLA OTHERS KANYON* 49% 21% 20% 2024 2024 2024 Rental TRY 41,5 Mn Rental TRY 295 Mn Rental TRY 40 Mn Income Income Income Appraisal TRY 1.084 Mn Appraisal TRY 4.017 Mn Appraisal TRY 1.250 Mn Value Value Value % of Valu
Slide 9: Litus Istanbul
LITUS ISTANBUL LOCATION ALTUNİZADE, ISTANBUL PROJECT TYPE: RESIDENTIAL PROJECT NUMBER OF UNITS: 98 NUMBER OF UNITS SOLD: 55 (As of December 2024) DEVELOPMENT COST*: 96 Mn USD INVESTMENT MODEL: 50%-50% COST & REVENUE SHARING WITH TECIM TOTAL SALEABLE AREA: c. 35.800 Sqm Sınıflandırma: GENEL | Classif
Slide 10: Projects Under Development
PLANNED PROJECTS PROJECTS UNDER DEVELOPMENT Sınıflandırma: GENEL | Classification: PUBLIC 10
Slide 11: Kasaba Modern Project
KASABA MODERN PROJECT LOCATION PROJECT TYPE: OMERLI, ISTANBUL VILLA TOTAL LAND AREA: NUMBER OF UNITS 138.000 Sqm 165 VILLA EST. DEVELOPMENT COST: $ 210 Mn (Inc. Land) INVESTMENT MODEL: 44% ISGYO 56% TECİM COST & REVENUE INVESTMENT MODEL SHARING M Sınıflandırma: GENEL | Classification: PUBLIC 11
Slide 12: Kasaba Modern Project Phase 1
KASABA MODERN PROJECT KASABA MODERN PROJECT PHASE 1 CONSTRUCTION AREA –PHASE 1 PROJECT TYPE: CONSTRUCTION PROGRESS 20.789 sqm VILLA 48% SALEABLE AREA: NUMBER OF UNITS EST. DEVELOPMENT COST: 19.000 Sqm 61 VILLA $ 78 Mn (Inc. Land) Sınıflandırma: GENEL | Classification: PUBLIC 12
Slide 13: Profilo Residential Project Balmumcu Project
PROFILO RESIDENTIAL PROJECT BALMUMCU PROJECT INVESTMENT MODEL: Revenue Sharing Agreement In Return for Land. LOCATION ARTAS will develop the residential project for which GAYRETTEPE, İSTANBUL undertakes all project expenses IS REIC MINIMUM REVENUE 70 UNITS $ 65 Mn + VAT RESIDENTIAL PROJECT OF c.200
Slide 14: Planned Projects
PLANNED PROJECTS PLANNED PROJECTS Sınıflandırma: GENEL | Classification: PUBLIC 14
Slide 15: Tuzla Residential Project
TUZLA RESIDENTIAL PROJECT LOCATION TOTAL LAND AREA: PROJECT TYPE TUZLA, ISTANBUL ~ 59.900 Sqm RESIDENTILAN PROJECT OF ~ 1.115 UNITS Sınıflandırma: GENEL | Classification: PUBLIC 15
Slide 16: Financials
PLANNED PROJECTS FINANCIALS Sınıflandırma: GENEL | Classification: PUBLIC 16
Slide 17: Financials
FINANCIALS BALANCE SHEET 31.12.2024 INCOME STATEMENT (Mn TRY) 31.12.2024 31.12.2023 Sales Revenue 4.047 1.650 ASSETS (Mn TRY) 47.658 LIABILITIES 47.658 Cost of Sales -2.674 -462 Current Assets 3,085 Short-Term Liabilities 4.935 Gross Profit/Loss 1.374 1.188 Non-current Assets 44.573 Long-Term Liabil
Slide 18: Financial Debt & Cash Position
FINANCIAL DEBT & CASH POSITION FINANCIAL DEBT AS OF 31.12.2024 BANK LOANS BILLS & BONDS TOTAL FINANCIAL DEBT 4.283 Mn TRY 434 Mn TRY 3.849 Mn TRY NET FINANCIAL DEBT 3.943 Mn TRY COST OF DEBT: 49,5 % COST OF DEBT: 39-53 % TOTAL FINANCIAL DEBT / ASSETS 9% TOTAL OUTSTANDING FINANCIAL DEBT : 4.283 Mn TR
Slide 19: Stock Performance
PLANNED PROJECTS STOCK PERFORMANCE Sınıflandırma: GENEL | Classification: PUBLIC 19
Slide 20: Share Price vs Index Performance
02/01/2024 0,00 5,00 10,00 15,00 20,00 25,00 11/01/2024 22/01/2024 31/01/2024 09/02/2024 20/02/2024 29/02/2024 11/03/2024 20/03/2024 29/03/2024 09/04/2024 24/04/2024 06/05/2024 15/05/2024 24/05/2024 04/06/2024 FOREIGN OWNERSHIP STOCK PRICE & VOLUME 13/06/2024 27/06/2024 08/07/2024 18/07/2024 29/07/2
Slide 21: Contacts
CONTACTS DISCLAIMER This presentation has been prepared in order to inform investors. Ayşegül Şahin Kocameşe Assistant General Manager Phone : 0 850 724 23 50 Since the presentation has been prepared regarding the E-mail : aysegul.sahin@isgyo.com.tr previous period, the data in it may not reflect th
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