Is Yatirim Menkul Degerler AS · BIST:ISMEN
Is Yatirim Menkul Degerler AS — Q1 2020 Earnings Presentation
18 slides from Is Yatirim Menkul Degerler AS's earnings presentation, May 4, 2020
Slide 1: Performance & Financial Results – 1Q20
PERFORMANCE & FINANCIAL RESULTS – 1Q20 May 4, 2020 Investor Relations
Slide 2: Agenda: About Us, Operational Performance, Financial Results
1 Performance & Financial About Us Results – 1Q20 Operational Performance Financial Results Investor Relations
Slide 3: About Us
About Us 2 Shareholder Structure Business Lines • Brokerage & Trading • Investment Advisory Isbank & Isbank Free Float • Asset Management 28,6% Group Companies • Corporate Finance %71,4 • Research Ratings Subsidiaries IS Private Equity: (Share: 29.1%) (Ticker: ISGSY:TI) One of Turkey’s largest Priva
Slide 4: Operational Performance
3 Performance & Financial About Us Results – 1Q20 Operational Performance Financial Results Investor Relations
Slide 5: Operational Performance Equities
Operational Performance Equities 4 Equity Market - Borsa Istanbul IS Investment 4.260 9,2% 3.987 180 10,0% 347 Trading Volume (TL Billion) 160 8,1% 9,0% 309 140 7,4% 8,0% 2.936 7,9% 7,9% 7,8% 7,4% 7,0% 120 232 6,0% 2.052 2.027 2.120 100 195 5,0% 80 151 160 4,0% 60 1.052 3,0% 40 78 2,0% 20 1,0% 0 0,0
Slide 6: Operational Performance Derivatives
Operational Performance Derivatives 5 Turkish Derivatives Market (VIOP) IS Investment 350 14,8% 16,0% Trading Volume (TL Billion) 2.872 300 14,0% 12,2% 2.520 11,4% 11,8% 12,0% 250 10,8% 8,8% 8,7% 10,0% 1.660 200 8,0% 1.239 150 308 311 1.135 1.161 245 6,0% 663 100 4,0% 132 50 100 108 78 2,0% 0 0,0% '
Slide 7: Operational Performance Primary Market – Debt Securities
Operational Performance Primary Market – Debt Securities 6 Debt securities issuances - Market IS Investment 250 Total Issuance Size Number of Issuances 1.600 25 160 TL Billion Issuance size Number of issuances TL Billion 206,1 1.400 21,3 20,7 140 200 1.383 1.330 19,5 136 19,7 179,0 1.200 20 18,7 116
Slide 8: Operational Performance Assets under Management
Operational Performance Assets under Management 7 Assets Under Management - IS Investment (Consolidated) 60 Market Shares Mutual Funds (TL bn) Pension Funds (TL bn) 50 Other Funds* (TL bn) 22.2% 19,4 40 26,1 30 11,7 9,4 11,3 22,2 17.4% 20 8,7 15,7 22,7 14,6 10 11,2 8,7 11,9 7,0 7,9 3,2 5,1 5,3 0 '15
Slide 9: Financial Results
8 Performance & Financial About Us Results – 1Q20 Operational Performance Financial Results Investor Relations
Slide 10: Financial Results Consolidation Effect
Financial Results Consolidation Effect 9 Consolidated Net Profit = [IS Investment Non-consolidated Net Profit + Contributions from Subsidiaries] – Elimination Adjustments Net Profit (TL mn) 1Q19 1Q20 y/y (%) IS Investment Non-consolidated Net Profit IS Investment Only 110,2 126,6 14,8 Maxis Investme
Slide 11: Main Consolidated Financial Figures
Financial Results Main Consolidated Financial Figures 10 IS Investment - Consolidated 1Q19 1Q20 y/y (%) (TL000) Total Assets 8,419,111 7,340,042 (12.8) Shareholders' Equity 809,011 1,079,171 33.4 Net Profit 90,353 113,154 25.2 Consolidated ROAE increased to 42.9% while non-consolidated ROAE reached
Slide 12: Breakdown of Operating Revenues
Financial Results Breakdown of Operating Revenues 11 Breakdown of Revenues 1Q19 1Q19 y/y (%) (TL 000) Interest and Trading Income 166,184 162,415 (2.3) Commission Revenues 66,100 136,179 106.0 Total Operating Revenues 232,284 298,594 28.5 Operating Revenues – 1Q19 Operating Revenues – 1Q20 Interest
Slide 13: Breakdown of Commissions
Financial Results Breakdown of Commissions 12 Commission Revenues 1Q19 1Q20 y/y (%) (TL 000) Brokerage 42.536 101.618 138.9 Corporate Finance 4,590 5,318 15,8 Asset Management 17,263 26,508 53,5 Other Commissions 1.711 2.735 59.8 Total 66,100 136,179 106,0 Commission Revenues – 1Q19 Commission Reven
Slide 14: Breakdown of Operating Expenses
Financial Results Breakdown of Operating Expenses 13 Operating Expenses 1Q19 1Q20 y/y (%) (TL 000) Marketing, Sales and Distribution Expenses 24,079 33,208 37,9 General Administrative Expenses 80,131 87,530 9,2 Other Operating Expenses 1.856 937 (49,5) Total 106,066 121,675 14.7 Operating Expenses –
Slide 15: Dividend
Financial Results Dividend 14 Cash Dividend & Payout Ratio - ISMEN Dividend Yield - ISMEN Milyon TL 94,5% 90,7% 120 14% 12,9% 77,5% 96,0% 74,0% 88,0% 100 12% 10,6% 10,5% 80,0% 10,3% 72,0% 9,6% 9,5% 80 10% 64,0% 42,7% 140,0 56,0% 8% 60 48,0% 110,0 38,5% 90,0 40,0% 6% 40 32,0% 24,0% 4% 47,0 45,0 20 36
Slide 16: Investor Relations
Investor Relations 15 Kenan Ayvacı Deputy CEO Phone : +90 0212 350 25 00 Fax : +90 0212 350 20 01 E-mail : kayvaci@isinvestment.com The Investor Relations Department is responsible for the Ozan Altan timely communication of necessary, accurate, complete, Manager, Head of IR comprehensible and easily
Slide 17: Disclaimer
Disclaimer 16 The information in this report is prepared by “IS YATIRIM MENKUL DEGERLER A.S.” (IS Investment) and it is not to be construed as an offer or solicitation for the purchase or sale of any financial instrument or the provision of an offer to provide investment services. Information, opini
Slide 18: Performance & Financial Results – 1Q20
PERFORMANCE & FINANCIAL RESULTS – 1Q20 May 4, 2020 Investor Relations
Is Yatirim Menkul Degerler A.S. — Q1 2020 Earnings Presentation on 6ix