Is Gayrimenkul Yatirim Ortakligi A.s. · BIST:ISGYO
Is Gayrimenkul Yatirim Ortakligi A.s — Investor Presentation (March 2022)
23 slides from Is Gayrimenkul Yatirim Ortakligi A.s's investor presentation, Mar 31, 2022
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 10.766 mn Total Mcap size of the sector is ~ TL 107.6 bn.* *Excluding Başkentgaz GYO • Asset Size TL 7.128 mn • Equity Size TL 5.542 mn • Real Estate Portfolio TL 6.404 mn • Rental Portfolio Size TL 5.025 mn •
Slide 4: Why IS REIC?
Why IS REIC? Diversified real estate portfolio Office 56%, retail 23%, projects 13% Solid & growing rental income 2022 Q1 rental income ~TL 82 mn 2022 YE expectation TL 330-350 mn Financially strong tenants & long-term leases 51% of the rental income comes from İş Group Investment mo
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 3.553 56% Rental Portfolio Retail 1.472 23% 5.025 79% Projects 839 13% Inventories 81 1% Land 459 7% TOTAL 6.404 100% *Inventories represent the undelivered units.Projects represent IFC, Kasaba Evleri and Altunizde Residential P
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 2022 Q1 Rental TL 34 mn TL 7 mn TL 3 mn TL 3 mn Income Appraisal TL 1.653 TL 729 TL 725 TL 446 mn Value mn mn mn % share in office 47% 21% 20% investments Represent 88% of the total office inv
Slide 9: Retail Portfolio
Retail Portfolio Kanyon Marmara Ege Perla Shopping Others Park AVM AVM Center 2022 Q1 Rental TL 15 mn TL 16 mn TL 2 mn TL 2 mn Income Appraisal Value TL 692 mn TL 350 mn TL 282 mn TL 148 mn % share in retail 47% 24% 19% investments Retail Portfolio TL, mn Represent 90% of the total retail investme
Slide 10: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 11: 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 : ≈ 33K sqm Income Projection Estimated development cost: ≈ TL 500 mn* Estimated rental Income : TL 60 mn *Designed by (*) Excluding land, f
Slide 12: Kasaba Evleri Residential Project
Kasaba Evleri Residential Project Location : Cekmekoy, Istanbul Project type : Residential project comprising 16 villas Commencement of the project : 2021/Q1 Number of villas sold: 16 Projections Estimated sales revenue : TL 120 mn Estimated completion date: June, 2022 Sınıflandırma: HİZMETE ÖZEL |
Slide 13: Altunizade Residential Project
Altunizade Residental Project* Location : Altunizade, Istanbul ~𝟐 𝒌𝒎 Project Type: Residential project with commercial area Project Details: 6 residential blocks, 1 office block and partial commercial area ~𝟖𝟎𝟎𝐦𝐭 • Number of Residentials: 98 • Estimated saleable/leasable commercial area : ≈…
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 : Kadıköy, Istanbul Location : Tuzla, Istanbul Project Type: Hotel and commercial area Acquisition date: January, 2016 Acquisition Date: December, 2016 Land Area: 53K 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 4 year period, the Company did not distribute cash dividend in order to optimize the c
Slide 18: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 19: Balance Sheet & Income Statement
Balance Sheet & Income Statement TL, mn 31.03.2022 TL, mn 31.03.2022 ASSETS 7.127,7 LIABILITIES 7.127,7 Current Assets 646,8 Short-term Liabilities 1.464,7 Non-current Assets 6.480,9 Long-term Liabilities 121,2 Equity 5.541,8 INCOME STATEMENT Jan-Mar 2022 Jan-Mar 2021 TL, mn Sales Revenue 139,4 72,0
Slide 20: Financial Debt & Cash Position
Financial Debt & Cash Position Outstanding Financial Debt Date to Maturity Loan TL mn TL Loans ~ 1 year 1.213 Bonds < 1 year 175 Toplam 1.388 Cash, TL mn 291 Total Financial Debt, TL mn 1.388 Net Debt, TL mn 1.097 Total Financial Debt / Assets 19% Sınıflandırma: HİZMETE ÖZEL | Classification: CONFID
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 (%) 31.03.2022 31.03.2022 P/BV 1,94 BIST 100 20 Avg. Trade Volume TL 192,4 mn XGMYO 26 ISGYO 271 Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 23: Investor Relations
Investor Relations Ayşegül Şahin Kocameşe Assistant General Manager Phone : +90 850 724 23 50 E-mail : aysegul.sahin@isgyo.com.tr Mine Kurt Yıldırım This presentation has been prepared in order to inform Assistant Manager investors. Investor Relations Phone : +90 850 724 23 50 Since the presentation
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