Unlu Yatirim Holding A.s. · BIST:UNLU
Unlu Yatirim Holding A.s — ÜNLÜ Yatırım Holding A.Ş. — Q1 2023 Earnings Presentation
22 slides from Unlu Yatirim Holding A.s's earnings presentation, May 2023
Slide 1: ÜNLÜ Yatırım Holding A.Ş. 1Q23 Financial Results
ÜNLÜ Yatırım Holding A.Ş. 1Q23 Financial Results Mustafa Sönmez - Director of Investor Relations Gülden Akdemir - CFO Cansu Ökten - Finance and Reporting May 2023
Slide 2: Agenda
Agenda 2023 Q1 Financial Results: Key Takeaways 3 Financial Statements and Performance 4 Developments by Business Lines 11 Evaluation of 1Q23 Results 16 Appendices About ÜNLÜ & Co 19 Shareholder Structure and Group Companies 20 Social Responsibility and ÜNLÜ & Co 21 © 2023 ÜNLÜ & Co | All Rights Res
Slide 3: 1Q23 Results: Key Takeaways
1Q23 Results: Key Takeaways TL 73,4 mn Net Profit (89% y/y) Important Themes Comprehensive Income: 75.2 mn TL ( 71% y/y) 32% Return on Equity Despite the earthquake disaster that deeply affected the country and other uncertainties, Q1 2023 was a successful period in terms of operational income and p
Slide 4: Financial Statements and Performance
Financial Statements and Performance
Slide 5: ÜNLÜ Yatırım Holding A.Ş. as of end of 1Q23
ÜNLÜ Yatırım Holding A.Ş. as of end of 1Q23 ₺ 245,4 mn ₺ 73,4 mn 88% Core Revenues 1Q23 Net Profit Share of Recurring Revenues ₺ 1,818 mn ₺ 968 mn 31.5% Total Assets Shareholders’ Equity Return on Equity ₺ 13,7 bn ₺ 2,5 bn ₺ 341 mn ₺ 4,2 bn DAHA AuC (*) Investment Alternative NPL Portfolio Principal
Slide 6: Financial Statements and Performance
Financial Statements and Performance 2018 2019 2020 In 1Q23, the Company’s Core Revenues (*) increased by 118% y/y and reached TL 245,4 mn. Comprehensive Income reached TL 75,2 mn (y/y 71%). Summary Income Statement (TL) 3M23 3M22 D YoY 1Q23 4Q22 D QoQ 3-TTM-23 12-TTM-22 D Trailing Core operating re
Slide 7: Financial Statements and Performance
Financial Statements and Performance 2018 2019 2020 1Q23 Total Revenues (*) at TL 264,50 mn, EBITDA at TL 94,9 mn, Net Profit TL 73,4 mn (y/y 89%). EBITDA Margin reached 36%, Profit Margin 28%, and RoE 31.5%. Operational profitability 3M23 3M22 D YoY 1Q23 4Q22 D QoQ 3-TTM-23 12-TTM-22 D Trailing Ext
Slide 8: Financial Statements and Performance
Financial Statements and Performance 2018 2019 2020 Both revenues (*) and profitability reached historic highs on an annualized basis. Extended Operational Revenues Net Income 969.6 268.8 303.5 817.9 210.4 480.0 640.4 141.7 375.2 107.2 Net margin RoE 32.8% 32.9% 39.2% 40.0% 31.3% 34.6% 24.4% 27.1% 2
Slide 9: Financial Statements and Performance
Financial Statements and Performance As of end of 1Q23, consolidated assets reached TL 1,818 mn (y/y +76%), financial leverage increased, shareholders’ equity reached TL 968 mn (y/y +49%). Summary Balance Sheet (mio TL) 3M23 3M22 D YoY 12M22 D YtD 12M22 D QoQ Total Assets 1,818 1,032 76% 1,716 6% 1,
Slide 10: Financial Statements and Performance
Financial Statements and Performance Revenues from 4 main business lines reached TL 245,4 mn by end2018 of Q1 (y/y2019 2020 +118%). The admiral ship for the period was the NPL business line. Investment Advisory and Treasury’s contribution to revenues continued to increase in the first quarter. Reven
Slide 11: Developments by Business Lines
Developments by Business Lines
Slide 12: NPL Business Line
NPL Business Line 1Q23 Collections: TL 96,7 mn NPL Sector 2020 (Pandemic) :Total TL 1,6 bn (principal) NPL sales 2021: TL 5,1 bn (Specifically 2nd half of the year) NPL Business Line Performance 2022: TL 6,3 bn Total investments in 2022: TL 18 mn As of January 1, 2022, transactions made by asset man
Slide 13: Corporate Finance Business Line
Corporate Finance Business Line 1Q23 Revenues: TL 29,7 mn (y/y 129%) Transactions in Q1 1Q22 Revenues: TL 13 mn TL The sale of Korsini to the American Multi-Color Corporation was completed. CF Revenues 3M23 M&A 71.4 Year end Despite the serious slowdown in both Turkey’s and Global 75% M&A market com
Slide 14: Investment Advisory: DAHA and Fund Management
Investment Advisory: DAHA and Fund Management DAHA 1Q23 Revenues:TL 64,6 mn Thanks to our new mobile application «Piapiri», which we designed in line with our Digitalization Strategy, our customer onboarding from digital channels accelerated and 75% of DAHA:TL 60 mn (y/y +195%) the accounts opened i
Slide 15: Institutional Sales Business Line
Institutional Sales Business Line 1Q23 Revenues: TL 20 mn Performance of the Business Line 1Q23 revenues increased by 18% y/y to TL 20 mio. Recurring Revenues : TL 20 mn (y/y +18%) The share of recurring revenues continued to increase in the first Other Revenues(*): TL 0 mn quarter of 2023. (*) Othe
Slide 16: Evaluation of 1Q23 Results
Evaluation of 1Q23 Results
Slide 17: Evaluation of 1Q23 Results
Evaluation of 1Q23 Results Core revenues above TL 240 mn Core revenues in Q1 increased by 118% y/y with a total of TL 245,4 mn. Net profit above TL 70 mn Net profit in 1Q23 is TL 73,4 mn. All business lines contributed evenly. The share of our recurring revenues in Q1 increased As of the end of Q1,
Slide 18: Appendices
Appendices
Slide 19: ÜNLÜ & Co – Pioneer in the Sector with its Entrepreneurial History
ÜNLÜ & Co – Pioneer in the Sector with its Entrepreneurial History 4 Major Business Lines: NPL, Investment Advisory, Corporate Finance and Institutional Sales Pioneering initiatives, Reputable Name DAHA #1 Turkey’s first independent M&A Corporate Finance advisory firm NPL and Investment M&A Advisory
Slide 20: ÜNLÜ Yatırım Holding A.Ş – Ownership and Group Structure
ÜNLÜ Yatırım Holding A.Ş – Ownership and Group Structure Mahmut L. ÜNLÜ The Wellcome Trust Ltd PubliclyTraded Other 64,71% 7,71% 26,43% 1,15% %100 %100 %32,5 %100 %4,75 %100 %100 %100 ÜNLÜ Turkish ÜNLÜ Ünlü LT Yazılım ve İSTANBUL Alternative Asset Alternative 212 Investments ÜNLÜ Menkul ÜNLÜ Portföy
Slide 21: Social Responsibility
Social Responsibility ▪ ÜNLÜ & Co supports sustainable initiatives in order to create lasting impact and transformation in the following fields: Entrepreneurship, women and education. ▪ In addition to sponsorships, ÜNLÜ & Co employees are actively involved in social responsibility projects. They ded
Slide 22: Thank you
Thank you Ahi Evran Caddesi Polaris Plaza No: 21 Kat: 1 34485 Maslak, Sarıyer - İstanbul, Türkiye T : +90 (212) 367 36 36 | F : +90 (212) 346 10 40 | E : investor.relations@unluco.com Investor Relations © 2023 ÜNLÜ & Co | All Rights Reserved 22
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