Is Gayrimenkul Yatirim Ortakligi A.s. · BIST:ISGYO
Is Gayrimenkul Yatirim Ortakligi A.s — Investor Presentation (March 2021)
23 slides from Is Gayrimenkul Yatirim Ortakligi A.s's investor presentation, Mar 31, 2021
Slide 1: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 2: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 3: IS REIC
IS REIC IS REIC was established in 1999, by the strategic partnership of Isbank. • Mcap TL 1.889 mn Total Mcap size of the sector is TL 58 bn. • Asset Size TL 5.264 mn • Equity Size TL 4.135 mn • Real Estate Portfolio TL 4.732 mn • Rental Portfolio Size TL 3.975 mn • Rental Income for 1Q2021 TL 53 m
Slide 4: Why IS REIC?
Why IS REIC? Diversified real estate portfolio Balanced exposure in office, retail and residential sector Office 59%, retail 25% Solid & growing rental income ~TL 53 mn rental income for 1Q2021. Financially strong tenants & long-term leases 65% of the rental income comes from İş Group
Slide 5: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 6: Real Estate Portfolio Breakdown
Real Estate Portfolio Breakdown Real Estate Portolio Value mn TL Office 2.789 59% Retail 1.186 25% Rental Portfolio 3.975 84% Projects 273 6% Inventories 221 5% Land 263 5% TOTAL 4.732 100% *Inventories represent the undelivered units in Ege Perla, Manzara Adalar and İnistanbul Residential Project.
Slide 7: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 8: Office Portfolio
Office Portfolio Ankara İş Tower İş Towers İş Towers TUTOM Maslak Office Tower 2 Tower 3 Office Lamartine 1Q21 Rental Income TL 29 mn TL 7 mn TL 1,4 mn TL 2,4 mn TL 1.339 Appraisal Value TL 548 mn TL 543 mn TL 359 mn mn % share in 39% 48% 17% 20% 16% 19% 10% office investments Office Portfolio TL, m
Slide 9: Retail Portfolio
Retail Portfolio Marmara Kanyon Ege Perla Park Shopping Shopping The Others Shopping Center Center Center 1Q21 Rental TL 4 mn TL 0,7 mn TL 8 mn TL 0,8 mn Income* Appraisal Value TL 580 mn TL 235 mn TL 245 mn TL 125 mn 49% 49% 22% 20% 16% 21% Represent 90% of the total retail investments. (TL 1.060
Slide 10: Growth of the Rental Income
Growth of the Rental Income The rental income expectation for 2021 is ~ TL 210-230 mn. 9 Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 11: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 12: İstanbul Financial Center Project (IFC)
İstanbul Financial Center Project (IFC) Location : Atasehir, Istanbul Project type : A mixed use project (office & commercial) Estimated saleable/leasable area : ≈ 33.000 sqm Income Projection Estimated development cost: ≈ TL 369 mn* Estimated rental Income : TL 45-50 mn *Designed by (*) Excluding f
Slide 13: Kasaba Evleri Residential Project
Kasaba Evleri Residential Project Location : Cekmekoy, Istanbul Project type : Residential project (Villas) Commencement of the project : 2021/Q1 Projections Estimated development cost: ≈ TL 71 mn* Estimated sales revenue : TL 120 mn *Excluding finance cost. 12 Sınıflandırma: HİZMETE ÖZEL | Classifi
Slide 14: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 15: Planned Projects
Planned Projects Kadıköy Hotel Project Tuzla Residential Project ~𝟐 𝒌𝒎 ~𝟏𝟎𝟎𝐦𝐭 Tepe Nautilus ~𝟖𝟎𝟎𝐦𝐭 Location : Kadikoy, Istanbul Location : Tuzla, Istanbul Project Type: Hotel and commercial area Acquisition date: January, 2016 Acquisition Date: December, 2016 Land Area: 53.460 sqm…
Slide 16: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 17: Dividend Payout
Dividend Payout • According to the Dividend Policy, if the Company decides to distribute profits; “dividend must be at least 30% of the total distributable income in the form of cash or bonus share”. In the last 15 year period, except for 2006, 2018, 2019 and 2020 ISGYO distributed cash dividend t
Slide 18: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 19: Balance Sheet & Income Statement
Balance Sheet & Income Statement TL, mn 31.03.2021 TL, mn 31.03.2021 ASSETS 5.264,2 LIABILITIES 5.264,2 Current Assets 496,4 Short-term Liabilities 980,1 Long-term Assets 4.767,8 Long-term Liabilities 149,5 Shareholders' Equity 4.134,6 INCOME STATEMENT (TL, mn) 1Q2021 1Q2020 Sales Revenue 72,0 70,9
Slide 20: Financial Debt & Cash Position
Financial Debt & Cash Position Outstanding Loan Original Amount Outstanding Loan Bank Loans (TL mn) Date to Maturity TL mn Dolar Loan $26,5 2 years 225 TL Loans 431 1 year-3 year 431 Total 656 Bonds &Bills Original Amount (mn TL) Total 401 TOTAL FINANCIAL DEBT 16 Sınıflandırma: HİZMETE ÖZEL | Classi
Slide 21: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 22: Stock Price vs. Index Performance
Stock Price vs. Index Performance Stock Price & Index Performance (%) 1Q2021 ISGYO 1Q2021 1Q2020 P/BV 0,46 BIST 100 -5,8 -21,7 XGMYO -2,0 -17,5 Avr. Trade Volume TL 174 mn ISGYO -22,4 -27,8 17 Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 23: Investor Relations
Investor Relations Ayşegül Şahin Kocameşe Head Financial Reporting & Investor Relations Phone : +90 850 724 23 50 E-mail : aysegul.sahin@isgyo.com.tr This presentation has been prepared in order to inform Mine Kurt Yıldırım investors. Assistant Manager Investor Relations Since the presentation has b
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