Inveo Yatirim Holding As · BIST:INVEO
Inveo Yatirim Holding As — Gedik Yatırım — Investor Day (March 2024)
38 slides from Inveo Yatirim Holding As's investor day presentation, Mar 7, 2024
Slide 1: Gedik Yatırım Investor Day Presentation
Gedik Yatırım Investor Day Presentation 7 March 2024
Slide 2: Disclaimer
Disclaimer The contents of this presentation have been prepared by Gedik Yatırım Menkul Değerler Anonim Şirketi ("the Company") for the purpose of providing general information available on the relevant presentation date. The Company relies on information gathered from sources it believes to be reli
Slide 3: Agenda
1. Gedik Yatırım Corporate Profile 2. Current Activities 3. Financial Highlights 4. 2024 Expectations 5. Financial Highlights (Except TAS 29) 6. Appendix 3
Slide 4: Our Vision Leadership in All Areas
Our Vision Leadership in All Areas Shareholder Structure VISION CORPORATE VALUES Gedik Yatırım, together with its highly qualified Inveo Yatırım Buyback Shares Holding 0.79 % To be the employees, utilises the most advanced technologies; 84.87 % leader “in every To provide products and services speci
Slide 5: Gedik Yatırım Continues to Grow Profitably
Gedik Yatırım Continues to Grow Profitably 659 57 241 57.1 K BN TL +82 16% 28% Number of Number of Total Investor Investor Overall Employees Branches and Contact Offices 2.6 767 10.6 7.5 BN TL MN TL BN TL BN TL 31% 1.117% 32% 107% Equities* Net Profit* Total Assets Market Value Note: Data are consol
Slide 6: Experienced and Expert Board of Directors
Experienced and Expert Board of Directors Onur Ersan Gökhan Rüya Ülkü Feyyaz Topaç Akpınar Tosun Eser Taktak Vice Chair of the Independent Board Independent Board Chairman & CEO Board and General Board Member Member Member Manager Detay Bilgi İçin Tıklayınız 6
Slide 7: Strong and Experienced Management Team
Strong and Experienced Management Team Ersan Akpınar Ergün Koşucu Gülten Esen Mehmet Şengün Sales Management Central Sales Management Marketing Vice Chair of the Board and Senior Assistant General Manager Assistant General Manager Assistant General Manager General Manager Coşan Yeğenoğlu Mehmet Emir
Slide 8: The Widest Branch Network
The Widest Branch Network We are the investment institution with the largest branch network in Turkey. 2 14 2 3 32 2 3 City 2 57 Branches and 3 Contact Offices 2 2 We continue to increase the number of our branches every year * Includes consolidated data for Gedik Yatırım and Marbaş Menkul Değerler.
Slide 9: We Diversify Our Financial Investments
We Diversify Our Financial Investments Aracılı Aracılı Aracılı Aracılı Aracılı Aracılı Marbaş Menkul k hiVCk Misyon Yatırım k Inveo Ventures k GYT Bilişim k ve Ichain Yatırım k Değerler GSYO Bankası GSYO Ticaret Holding CMB Licensed Venture Capital BRSA Licenced Venture Capital Financial Crypto Asse
Slide 10: Current Activities
1. Gedik Yatırım Corporate Profile 2. Current Activities 3. Financial Highlights 4. 2024 Expectations 5. Financial Highlights (Except TAS 29) 6. Appendix 10
Slide 11: We Continue to Differentiate in the Sector with Our Strategic Moves
We Continue to Differentiate in the Sector with Our Strategic Moves Our Private Branch Number Gaining Momentum in Public 1. 2. Investor Seminars Continue 3. Offerings Reached 4 We continue to provide added value to the The Kayseri Seker and The Dofer IPOs in the The first Private Branch structuring
Slide 12: We Serve Latest Technology to Our Investors
We Serve Latest Technology to Our Investors We Stand by Investors with Our Digital We Make Investing Easier with Gedik Trader Platforms Gedik Trader Quick Matriks / Account Foreks / Ideal We Expand Our Investor Base with Our Collaborations Online UpTrader MetaTrader TEFAS Investment Funds New ones c
Slide 13: We Invest in Sports and Say #InvestInThisShare to Our Country
We Invest in Sports and Say #InvestInThisShare to Our Country Main Sponsor of Türkiye Volleyball National Teams Official Sponsor of Fenerbahçe Football A Team In the second year of our 3-year sponsorship Sultans of the Net In the 2023-2024 football season in Turkey and Europe, • 2023 CEV European we
Slide 14: Financial Highlights
1. Gedik Yatırım Corporate Profile 2. Current Activities 3. Financial Highlights 4. 2024 Expectations 5. Financial Highlights (Except TAS 29) 6. Appendix 14
Slide 15: Key Consolidated Financial Indicators
Key Consolidated Financial Indicators Gedik Yatırım Consolidated (TL Million) 2022 2023 Change (%) Total Assets 15,537 10,575 (32) Equity Held by the Parent Company 1,974 2,590 31 Net Profit 63 767 1,117 Total Assets Equity Held by the Parent Company* Net Profit* 18.000 900 3.000 16.000 15.537 2.590
Slide 16: Operational Revenue Breakdown
Operational Revenue Breakdown Operational Revenues (TL Million) 2022 2023 Change (%) Interest and Trading Income 1,046 800 (24) Marketable Securities Valuation Income 977 423 (57) Service Income 1,025 1,143 11 Valuation Increase of Derivative Market Transactions (541) 395 AD TOTAL 2,508 2,760 10 Ope
Slide 17: Operational Expenses & Other Income/Expense Breakdown
Operational Expenses & Percentage Breakdown of Other Income/Expense from Operating Activities Operational Expenses Other Income/Expense from 2022 2023 Change (%) 2022 2023 Change (%) Breakdown (TL Million) Operating Activities (TL Million) Marketing, Sales & Distribution Marketable Securities Valuat
Slide 18: Short Term Borrowings, Liquidity and Financial Condition
Short Term Borrowings, Liquidity and Financial Condition Short Term Borrowings (TL) 2022 2023 Change (%) Liqiudity and Financial Condition Payables to Settlement and 8,00 1,777 777 (56) Custody Bank 6.85 Issued Debt Instruments 1,250 1,506 (20) 7,00 Bank Loans 52 204 295 6,00 TOTAL 3,079 2,487 (19)
Slide 19: GEDIK Stock Performance
GEDIK Stock Performance 01.01.2022-31.12.2022 01.01.2023-31.12.2023 01.01.2022-31.12.2023 Rate of Change Rate of Change Rate of Change Gedik 76% 106% 264% USD/TL 43% 57% 125% BIST 100 Index 186% 32% 288% BIST Intermediary Institutions Index 181% 67% 362% 700,00 650,00 600,00 550,00 500,00 450,00 GED
Slide 20: 2023 Year-End Future Expectations
2023 Year-End Future Expectations 2023 Growth Expectation 2023 Expectation Realization Expectation Realization Gross Profit >160% 184% Return of Equity3 %70-%85 %78 3 Return on Equity = Total net profit for the last 4 quarter / Average equity for the last 5 quarter Other Income, net 2 >165% 564% Gen
Slide 21: Gedik Yatırım Profit Distribution Table
Gedik Yatırım Profit Distribution Table 2023* 2021 2022 TL Millions (Dividend Distribution (Realization) (Realization) Proposal) Cash Dividend 75.6 100.0 588.3 Bonus Share 75.6 - - Total Dividend 151.2 100.0 588.3 Total Dividends Distributed / Net Distributable %70.3 %54.4 %80.72 Period Profit 1 TL
Slide 22: 2024 Expectations
1. Gedik Yatırım Corporate Profile 2. Current Activities 3. Financial Highlights 4. 2024 Expectations 5. Financial Highlights (Except TAS 29) 6. Appendix 22
Slide 23: 2024 Expectations
2024 Expectations LABER FORCE THE FIRST BRAND MARBAS TECHNOLOGY ENTERING THE TECHNOLOGY GROWTH COMES TO MIND MENKUL DEĞERLER ENTREPRENEURSHIP CRYPTO ASSET • Increase in Number • High Engagement • Artificial • Marbas IPO • Investments in • Ichain Yatırım of Employees Linked to Intelligence (AI) Techn
Slide 24: Gedik Investment Enters the Crypto Asset Space
Gedik Investment Enters the Crypto Asset Space After the CMB was authorized as the regulator of the crypto asset sector, the shares of Ichain Yatırım Holding, which was established to invest in crypto assets, will be taken over from Inveo Yatırım Holding. • Within Ichain, it is planned to invest in
Slide 25: Financial Highlights (Except TAS 29)
1. Gedik Yatırım Corporate Profile 2. Current Activities 3. Financial Highlights 4. 2024 Expectations 5. Financial Highlights (Except TAS 29) 6. Appendix 25
Slide 26: Key Consolidated Financial Indicators (Except TAS 29)
Key Consolidated Financial Indicators (Except TAS 29) Gedik Yatırım Consolidated (TL Millions) 2022 2023 Change (%) Total Assets 9,392 10,471 11 Equity Held by the Parent Company 1,158 2,513 117 Net Profit 350 1,359 289 (TL Millions) 12.000 10,471 78% 10.000 9,392 70% 8.000 55% 47% 49% 6.000 4.000 3
Slide 27: Operational Revenue Breakdown (Except TAS 29)
Operational Revenue Breakdown (Except TAS 29) Operational Revenues (TL Millions) 2022 2023 Change (%) Interest and Trading Income 586 1,005 71 Service Income 428 1,370 695 Valuation Increase of Derivative Market Transactions (256) 384 N/A TOTAL 758 2,375 213 Operational Revenue Breakdown 1.200 1.005
Slide 28: Operational Expenses & Other Income/Expense (Except TAS 29)
Operational Expenses & Percentage Breakdown of Other Income/Expense from Operating Activities (Except TAS 29) Operational Expenses Other Income/Expense from 2022 2023 Change (%) 2022 2023 Change (%) Breakdown (TL Millions) Operating Activities (TL Millions) Marketing, Sales & Distribution Marketable
Slide 29: Short Term Borrowings, Liquidity and Financial Condition (Except TAS 29)
Short Term Borrowings, Liquidity and Financial Condition (Except TAS 29) Short Term Borrowings (TL Liqiudity and Financial Condition 2022 2023 Change (%) Millions) Payables to Settlement and 8,00 1,060 675 (36) Custody Bank 7.09 Issued Debt Instruments 787 1,789 127 7,00 6.51 Bank Loans 25 23 (9) 6,
Slide 30: Appendix
1. Gedik Yatırım Corporate Profile 2. Current Activities 3. Financial Highlights 4. 2024 Expectations 5. Financial Performance Summary (Except TAS 29) 6. Appendix 30
Slide 31: Consolidation
Consolidation TL 2022 2023 Change (%) Gedik Yatırım Solo Net Profit Gedik Yatırım Solo 69 778 1,022 Contributions of Subsidiaries 24 85 254 Subsidiaries Consolidation Consolidation Adjustments (30) (95) 216 Adjustments Consolidated Net Consolidated Net Profit 63 767 1,117 Profit Consolidated Net Pro
Slide 32: TAS 29 Effects on Financial Statements
TAS 29 Effects on Financial Statements TL Million 2022 2023 Prepaid Expenses (Short-term) 3 6 Right-of-use Assets 19 13 TOTAL Tangible Fixed Assets 60 44 TMS29 EFFECT Paid-in Capital (178) (309) Share Premiums - (110) 2022 Capital Advance (201) - Buyback Shares (-) 64 50 (553 TL Million) Retained Ea
Slide 33: Statements of Changes in Shareholder's Equity
Statements of Changes in Shareholder’s Equity TL Million 2022 2023 Change (%) Equity at the beginning of the period 1,549 2,018 30 Changes arising from buyback, net 80 12 (115) Net profit of the parent company 63 767 1,117 Changes related to capital advances 655 0 N/A and capital increase Dividend p
Slide 34: Gedik Yatırım - IFRS Financial Statements Summary
Gedik Yatırım - IFRS Financial Statements Summary Balance Sheet Profit and Loss Statement Million TL 2022 2023 Change % Million TL 2022 2023 Change % Current Assets 14,907 10,078 (32) Revenues 154,307 97,129 (37) Cash and Cash Equivalents 3,439 1,342 (61) Cost of Sales (151,799) (94,369) (38) Financ
Slide 35: IFRS Financial Statements Summary (Except TAS29)
Gedik Yatırım - IFRS Financial Statements Summary (Except TAS29) Balance Sheet Profit and Loss Statement Million TL 2022 2023 Change % Million TL 2022 2023 Change % Current Assets 9,051 10,072 11 Revenues 81,119 76,458 (6) Cash and Cash Equivalents 2,087 1,342 (36) Cost of Sales (79,497) (74,083) (7
Slide 36: Technology Entrepreneurship Investments Gather Under Inveo Ventures
Technology Entrepreneurship Investments Gather Under Inveo Ventures Shares in 4 GSYFs investing in Technology Entrepreneurship will be transferred to Inveo Ventures. All Technology Entrepreneurship investments will be gathered under the roof of Inveo Ventures. BUG – Inveo Portföy 1. BVG – Boğaziçi F
Slide 37: Inveo Yatırım Holding at a Glance (2023)
Inveo Yatırım Holding at a Glance (2023) Shareholding Structure Main Fields of Activity Erhan Topaç Buy-Back Shares STRATEGIC CAPITAL MARKETS BANKING VENTURE CAPITAL INVESTMENTS 81.02 % 1.68 % Publicly Traded Part 17.3 % Capital 240 MN TL 16 135 2,032 Registered Capital 500 MN TL Direct Indirect Num
Slide 38: Thank You
Investor Relations Contact Melek Melis Taşkanal Investor Relations Executive Thank You Diğdem Erdoğan Yatırımcı İlişkileri Yöneticisi Hakan Duran Yatırımcı İlişkileri Uzman Yardımcısı +90 216 453 0032 gedikyatirimciiliskileri@gedik.com 38