Is Gayrimenkul Yatirim Ortakligi A.s. · BIST:ISGYO
Is Gayrimenkul Yatirim Ortakligi A.s — Is Real Estate Investment Company (İş GYO) — Investor Presentation (September 2018)
28 slides from Is Gayrimenkul Yatirim Ortakligi A.s's investor presentation, Sep 30, 2018
Slide 1: IS GYO
IS G¥O
Slide 2: Is Real Estate Investment Company
IS REAL ESTATE INVESTMENT COMPANY 30.09.2018
Slide 3: ISGYO
ISGYO Established in 1999, by the strategic partnership of Isbank. As of 30.09.2018; Total asset size; TL5.158 mn. Corporate Governance Rating 94.76 (9,48) Mcap TL872 mn representing 4,3% of the sector. SECTOR MCAP Ownership breakdown of the Capital OTHER REICS TL 19.429 IS REIC mn TL 872 mn S
Slide 4: Why ISGYO?
WHY ISGYO?
Slide 5: Why ISGYO?
Why ISGYO? Diversified real estate portfolio Balanced exposure in office, retail and residential sector Office 54%, retail 24% and projects 9% Solid rental income and real estate projects supporting rental income ~TL 210 mn annual rental income Financially strong tenants & long-term leas
Slide 6: ISGYO Portfolio
ISGYO PORTFOLIO isgyo.com.tr
Slide 7: Real Estate Portfolio Breakdown
Real Estate Portfolio Breakdown Real Estate Portfolio TL mn Office 2.447 Retail 1.100 Projects 404 Inventories* 296 Land 216 Hotel 26 TOTAL 4.489 *Inventories include offices and residential units on sale in Ege Perla and residentials on sale in Manzara Adalar. 3
Slide 8: Rent Generating Assets
RENT GENERATING ASSETS \ at isgyo.com.tr
Slide 9: Office Portfolio
Office Portfolio İş İş Tuzla TUTOM Towers Towers Office Represent 82% of the total office Tower 2 Tower 3 investments. (TL 2.003 mn) Annual Represent 91% of the total office Rental TL 76,4 TL 25,9 TL 9,6 TL 17,7 rental income. (TL 130 mn) income mn mn mn mn Appraisal TL 941 TL 422 TL 412 TL 228
Slide 10: Technology & Operation Center (TUTOM) and Tuzla Şişecam Office
Technology & Operation Center(TUTOM) and Tuzla Şişecam Office TUTOM Tuzla Şişecam Office Investment model: Turnkey Project Annual rental income: TL17,7 mn Total area: 184.650 sqm Tenant: SISECAM Tenant: ISBANK Annual rental income: TL76,4 mn Duration: 25 years Tuzla Operation Center Project is the w
Slide 11: Retail Portfolio
Retail Portfolio Marmara Kanyon Ege Perla Park Shopping Shopping Shopping Represent 83% of the total retail Center Center Center investments. (TL 917 mn) Annual Represent 91% of the total retail rental Rental TL 38,3 mn TL 7,6 mn TL 20,7 mn income. (TL 67 mn) Income Kanyon represents 52% of th
Slide 12: Projects Under Development
PROJECTS UNDER DEVELOPMENT isgyo.com.tr
Slide 13: İnistanbul Residential Project
İnistanbul Residential Project Location : Topkapı, Istanbul Investment model: A joint venture between İş GYO and NEF (50-50%) Total development cost* : TL1,2 bn Total saleable area*: ≈ 250.000 sqm Designed by Income Projection Number of units ≈ 2.724** Total sales revenues* : TL 1,6 bn Presales rati
Slide 14: İstanbul Financial Center Project (IFC)
İstanbul Financial Center Project (IFC) Location : Atasehir, Istanbul Project type : A mixed use project (office & commercial) Estimated development cost: TL270-280 mn Estimated saleable/leasable area : ≈ 33.000 sqm Income Projection Estimated rental Income : TL 45-50 mn *Designed by 8
Slide 15: Pipeline Projects
PIPELINE PROJECTS © +c ey 9 mn et Ye) Ma Co isgyo.com.tr
Slide 16: Kadıköy Hotel Project
Kadıköy Hotel Project ~𝟐 km ~𝟏𝟎𝟎𝐦𝐭 Tepe Nautilus ~𝟖𝟎𝟎𝐦𝐭 Location : Kadikoy, Istanbul Acquisition date: December, 2016 Project Land Area: 8.293 sqm Investment Model: ISGYO has 45% share in the project 9 Project type: Hotel and commercial area
Slide 17: Tuzla Residential Project
Tuzla Residential Project ~𝟐 km ~𝟖𝟎𝟎𝐦𝐭 Location : Tuzla, Istanbul Acquisition date: January, 2016 Project Land Area: 53.460 sqm 10 (*) The project has been postponed due to the current conjuncture.
Slide 18: Dividend Payout
DIVIDEND PAYOUT isgyo.com.tr
Slide 19: Dividend Payout
Dividend Payout • ISGYO’s policy(*): “dividend must be at least 30% of the total distributable income in the form of cash or bonus share”. In the last 13 year period, except for only 2006, ISGYO distributed cash dividend to shareholders. ISGYO trades on BIST Dividend Index and BIST Dividend-25 I
Slide 20: Debt & Cash Position
DEBT & CASH POSITION isgyo.com.tr
Slide 21: Debt & Cash Position
Debt & Cash Position Outstanding Loan Original Outstanding Loan Bank Loans Amount TL mn Date of the loan Maturity TL mn Euro loan 7,3 € Dec. 2010 10 year 51 Dolar Loan $50,2 Oct. 2013 10 year 300 TL Loans 502,1Dec. 2013-May. 2017 6 months-6 years 502,1 Total 853,1 Bonds Original Amount Date of the I
Slide 22: Financials
# Financials”
Slide 23: Balance Sheet
Balance Sheet TL, mn 30.09.2018 31.12.2017 % Change ASSETS 5.158,2 5.311,9 -3% Current Assets 968,1 968,0 0% Long-term Assets 4.190,2 4.344,0 -4% LIABILITIES 5.158,2 5.311,9 -3% Short-term Liabilities 1.096,6 873,3 26% Long-term Liabilities 757,7 1.158,0 -35% Shareholders' Equity 3.304,0 3.280,6 1%
Slide 24: Income Statement
Income Statement Financials (TL, mn) Jan.-Sep. 2018 Jan.-Sep. 2017 Sales Revenue 986,6 369,5 Cost of Sales -773,5 -229,5 Gross Profit/Losses 213,1 140,0 General Administrative Expenses -18,8 -16,3 Marketing, Sales and Distribution Expenses -14,5 -9,6 Other Operating Income 9,9 55,6 Other Operating E
Slide 25: Stock Performance
STOCK PERFORMANCE isgyo.com.tr
Slide 26: Stock Price vs. Index Performance
Stock Price vs. Index Performance Stock price & index performance % Year to date BIST 100 -13,3 XGMYO -27,6 ISGYO -25,6 15
Slide 27: Trade Volume
Trade Volume Average Daily Trade ISGYO Volume 2017 TL 5,2 mn 2018 TL 5,3 mn 16
Slide 28: 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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