Halk Gayrimenkul Yatirim Ortakligi As · BIST:HLGYO
Halk Gayrimenkul Yatirim Ortakligi As — Halk Gayrimenkul Yatırım Ortaklığı A.Ş. — Q1 2018 Earnings Presentation
25 slides from Halk Gayrimenkul Yatirim Ortakligi As's earnings presentation, 2018
Slide 1: Investor Presentation 2018 / Q1
INVESTOR PRESENTATION 2018 / Q1
Slide 2: About Halk GYO
ABOUT HALK GYO Halk GYO, was established in 2010, invests in real estates, real estate projects, real estate based rights and capital market instruments. Halk GYO completed its IPO in February 2013 and is trading on the Borsa Istanbul (BIST) with the code “HLGYO” As of March 31, 2018; Halk GYO
Slide 3: Real Estate Portfolio Distribution
REAL ESTATE DISTRIBUTION OF PORTFOLIO PORTFOLIO TL 2,283 Million Buildings 41% TL 492.5 Million Projects 59% Last Appraisal Values Establishment Appraisal Values 2
Slide 4: Real Estate Portfolio Regional Dispersal
REAL ESTATE PORTFOLIO REGIONAL DISPERSAL İstanbul “Bizimtepe Aydos “ İstanbul Residential Project “Park Dedeman Levent İstanbul « International Financial Center» Hotel” Project Erzurum İstanbul Kocaeli “Şehristan Residential” “Referans Bakırköy “Şekerpınar Project” Project Residential Project Eskişe
Slide 5: Real Estate Portfolio Table
REAL ESTATE PORTFOLIO TABLE PORTFOLIO Fair Value(TL) PROJECTS Current Status * Project cost value as of March 31, 2018 Salıpazarı Land 5,178,343 ** Appraisal values of independent units of IIFC «Halk Towers» In Construction *946,343,009 Halk GYO as of March 31, 2018 Istanbul Bizimtepe Aydos Resident
Slide 6: Rental Income Ratios
RENTAL INCOME RATIOS *7.1% 6.7% 6.5% 6.5% 6.3% Rent Income/ Last Appraisal Value 2014 2015 2016 2017 2018 Q1 *Caddebostan Building which is still in renovation stage and Halk Office Şekerpınar, Karaköy and Ankara Bahçelievler 2 which are on the market are not added into the calculations. 5
Slide 7: Completed Projects: Halkbank Finance Tower
COMPLETED PROJECTS HALKBANK FINANCE TOWER In 2012, we acquired this 23-floor class A office tower located near the İstanbul International Financial Center Project while it was under construction, The tower has been leased to Halkbank. Being in Batı Ataşehir district, which is one of the closest area
Slide 8: Completed Projects: Istanbul Referans Bakırköy
COMPLETED PROJECTS İSTANBUL REFERANS BAKIRKÖY Referans Bakırköy is Halk GYO’s first residential project. The project is developed based on a revenue sharing model in which our Company’s share is 50,5 percent. The project which carried out together with Biskon Yapı A.Ş., an association of Kiler Holdi
Slide 9: Completed Projects: Park Dedeman Levent Hotel
COMPLETED PROJECTS İSTANBUL PARK DEDEMAN LEVENT HOTEL Park Dedeman Levent Hotel is the first hospitality project in Halk GYO’s portfolio, It meets the much felt need for business hotels on Mecidiyeköy- Maslak line, Istanbul. The occupancy permit for “Park Dedeman Levent” hotel project has been grant
Slide 10: Completed Projects: Eskişehir Panorama Plus
COMPLETED PROJECTS ESKiŞEHİR PANORAMA PLUS PROJECT The project located in Odunpazarı-Eskişehir, developed on an area of 9,811 sqm and covers 102 independent units consists 97 residential and 5 commercial units, 2 of which have been rented out by our Company. Panorama Plus is the first project which
Slide 11: Completed Projects: Şekerpınar Banking Center
COMPLETED PROJECTS ŞEKERPINAR BANKING CENTER Şekerpınar Banking Center which developed on our Şekerpınar-Kocaeli land which was purchased in September 2012, has an usage area of approximately 9k sqm. In April 2015, the Center leased for 10 years. Center is aimed to be an environmentally friendly bui
Slide 12: Completed Projects: Halk Office Şekerpınar
COMPLETED PROJECTS HALK OFFICE ŞEKERPINAR Halk Office Şekerpınar located on our Şekerpınar-Kocaeli land which was purchased in September 2012, has an usage area of approximately 52k sqm. The marketing process for leasing or sale of the project still continues. Real Estate Information City : Kocaeli
Slide 13: Ongoing Projects: Istanbul International Financial Center
ONGOING PROJECTS iSTANBUL INTERNATIONAL FINANCIAL CENTER «HALK TOWERS» As Halk GYO, we are one of the major stakeholders of the Istanbul International Financial Center Project carried out under the coordination of the Ministry of Environment and Urban Planning and two office towers, one with 46 floo
Slide 14: Ongoing Projects: Sancaktepe Bizimtepe Aydos
ONGOING PROJECTS SANCAKTEPE BİZİMTEPE AYDOS PROJECT The Project will constructed through joint venture with Vakıf REIT. It is located on Sancaktepe, one of the most developing and popular districts of Istanbul. On the 95k sqm land, after leaving 90% of it for landscape, it is planning to build 13-st
Slide 15: Ongoing Projects: Erzurum Şehristan Residential
ONGOING PROJECTS ERZURUM ŞEHRİSTAN RESIDENTIAL PROJECT In April 2016, a land of approximately 24k sqm in Erzurum/Yakutiye, of which prior proprietor was Er Konut, added into portfolio with a cost of TL 17,5 million, the half amount of the appraisal value of TL 35 million, to develop a residential pr
Slide 16: Ongoing Projects: Salıpazarı Hotel Project
ONGOING PROJECTS SALIPAZARI HOTEL PROJECT After the best use studies, it was decided to renovate our office building, Beyoğlu Salıpazarı, which is registered in one of the most historic and significant districts in Istanbul, as a hotel. After the procedures of sealed-bid tender and auction, a lease
Slide 17: Ongoing Projects: İzmir Alsancak Project
ONGOING PROJECTS İZMİR ALSANCAK PROJECT “Teknik Yapı – Halk GYO Joint Venture” has been established providing all profits, liability and revenue to be divided equally with Teknik Yapı A.Ş., the winner of the Revenue Sharing Model Project in Return for Land Sale Tender, made by Emlak Konut GYO A.Ş. i
Slide 18: Financial Data
FINANCIAL DATA BALANCE SHEET (TL) 31.12.2017 31.03.2018 Current Assets 432,080,905 379,215,072 Liquid Assets 123,145,273 53,788,636 Inventories 252,004,404 276,186,539 01.01.2017 01.01.2018 INCOME STATEMENT (TL) 31.03.2017 31.03.2018 Non-Current Assets 1,944,852,835 2,045,827,732 Revenues 21,682,198
Slide 19: Distribution of Assets and Liabilities
DISTRIBUTION OF ASSETS AND LIABILITIES DISTRIBUTION OF ASSETS_TL DISTRIBUTION OF LIABILITIES_TL Buildings Lands&Projects Other Cash and Cash Equivalents Equities Deferred Income Financial Debts Other 2,425,042,804 2,376,933,740 2,425,042,804 2,376,933,740 1% 1% 2% 5% 10% 11% 8% 7% 10% 10% 49% 51% 79
Slide 20: Balance Sheet Items
BALANCE SHEET ITEMS 1,000 TL Year to Date 1,889,921 2,425,043 Assets 2.02% 1,623,069 1,839,587 1,641,206 1,888,465 Equities 0.48% 1,431,263 1,630,195 1,527,802 1,330,651 2014 YE 2015 YE 2016 YE 2017 YE 2018 Q1 252,121 202,943 YoY 107,264 Net Profit -11,47% 11,010 9,747 2015 YE 2016 YE 2017 Q1 2017 Y
Slide 21: Income Statement Items
INCOME STATEMENT ITEMS TL 2017 Q1 2018 Q1 Total Revenues 21,682,198 18,280,039 Rent Income 13,246,226 14,276,659 Real Estate Sale Income 6,672,008 1,400,453 Financial Income 1,763,964 2,602,927 Cost of Sales -3,931,004 -1,035,256 Cost of Real Estate Sales -3,779,817 -646,956 Other -151,187 -388,300
Slide 22: Distribution of Main Income Items
DISTRIBUTION OF MAIN INCOME ITEMS Rent Income 22,378,911 TL House Sale Income 3% 19,381,399 TL Financial Income 8% 6% Others 13% 30% 7% 74% 59% 2017 Q1 2018 Q1 20
Slide 23: Distribution of Main Expense Items
DISTRIBUTION OF MAIN EXPENSE ITEMS Cost of House 11,368,154 TL Sales Other 3% %3 9,633,920 TL Personnel %10 10% Expenses Marketing & %16 16% Selling Expenses %47 47% Interest Expenses 36% %36 %4 4% %21 21% %35 35% %17 17% %11 11% 2017 1.Ç. 2018 1.Ç 21
Slide 24: 2018 Targets
2018 TARGETS To complete the marketing process of “Halk Office Şekerpınar” To open the gates of “Salıpazarı Building” as a hotel To start construction and sale of “İzmir Alsancak Project” To reach to ~ 11 % RoaA ratio 22
Slide 25: For further information please contact; Investor Relations
For further information please contact; Investor Relations ir@halkgyo.com.tr Phone: +90 216 600 10 33 DISCLAIMER The information contained in this presentation has been prepared by Halk Gayrimenkul Yatırım Ortaklığı A,Ş, (Halk GYO) for informational purposes only. Although the information in this pr
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