Is Gayrimenkul Yatirim Ortakligi A.s. · BIST:ISGYO
Is Gayrimenkul Yatirim Ortakligi A.s — Investor Presentation (September 2020)
24 slides from Is Gayrimenkul Yatirim Ortakligi A.s's investor presentation, Sep 30, 2020
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 1.678 mn Total Mcap size of the sector is TL 43 bn. • Asset Size TL 5.019 mn • Equity Size TL 3.851 mn • Real Estate Portfolio TL 4.479 mn • Rental Portfolio Size TL 3.755 mn • Rental Income for 9M-2020 TL 157
Slide 4: Why IS REIC?
Why IS REIC? Diversified real estate portfolio Balanced exposure in office, retail and residential sector Office 57%, retail 27% Solid & growing rental income ~TL 157 mn rental income for 9M-2020. Financially strong tenants & long-term leases 58% of the rental income comes from İş Grou
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 2.546 57% Retail 1.209 27% Rental Portfolio 3.755 84% Projects 231 5% Inventories 245 5% Land 249 6% TOTAL 4.479 100% *Inventories represent the undelivered units in Ege Perla and Manzara Adalar. Projects represent IFC Project a
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 9M2020 TL 76,4 TL 8,1 Rental TL 19 mn TL 6,3 mn mn mn Income Appraisal TL 1.198 TL 510 TL 515 TL 324 mn Value mn mn mn % share in 39% 47% 17% 20% 16% 20% 10% office investments Office Portfolio
Slide 9: Retail Portfolio
Retail Portfolio Marmara Kanyon Ege Perla Park Shopping Shopping The Others Shopping Center Center Center 9M2020 Rental TL 18 mn TL 2,3 mn TL 23 mn TL 3,6 mn Income Appraisal Value TL 615 mn TL 270 mn TL 202 mn TL 122 mn 49% 51% 22% 22% 16% 17% Represent 90% of the total retail investments. (TL 1.
Slide 10: Growth of the Rental Income
Growth of the Rental Income *Estimated 9 Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 11: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 12: 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 Income Projection Total sales revenues* : almost TL 1.540 mn Number of units: 2.741** Designed by (*)To
Slide 13: 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: TL400 mn* Estimated rental Income : TL 45-50 mn *Designed by (*) Excluding fina
Slide 14: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 15: Planned Projects: Kadıköy Hotel and Tuzla Residential
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: Planned Projects: Ömerli Residential Project
Planned Projects Ömerli Residential Project ~𝟐 𝒌𝒎 ~𝟏𝟎𝟎𝐦𝐭 Tepe Nautilus ~𝟖𝟎𝟎𝐦𝐭 Location : Cekmekoy, Istanbul Project Type: Residential Acquisition Date: July, 2020 Land Area: 15.314 sqm* *IS REIT has 67.2% ownership share of the land. 13 Sınıflandırma: HİZMETE ÖZEL | Classification…
Slide 17: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 18: 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 and 2019 ISGYO distributed cash dividend to shar
Slide 19: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 20: Balance Sheet & Income Statement
Balance Sheet & Income Statement TL, mn 30.09.2020 TL, mn 30.09.2020 ASSETS 5.019,5 LIABILITIES 5.019,5 Current Assets 543,4 Short-term Liabilities 843,8 Long-term Assets 4.476,1 Long-term Liabilities 324,5 Shareholders' Equity 3.851,2 INCOME STATEMENT Jan.-Sep. Jan.-Sep. (TL, mn) 2020 2019 Sales Re
Slide 21: 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 $31,7 3 years 248 TL Loans 506 1 year-3 years 506 Total 754 Bonds &Bills Original Amount (mn TL) Total 319 TOTAL FINANCIAL DEBT 16 Sınıflandırma: HİZMETE ÖZEL | Class
Slide 22: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 23: Stock Price vs. Index Performance
Stock Price vs. Index Performance Stock Price & Index Performance (%) 9M2020 ISGYO 9M2020 2019 BIST 100 9 25 P/BV 0,44 XGMYO 29 42 Avr. Trade Volume TL 132 mn ISGYO -1 63 17 Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 24: 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 Simay Ağaçdiken Ünal investors. Senior Assistant Specialist Investor Relations Since the presen
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