Akis Gayrimenkul Yatirim Ortakligi A.s. · BIST:AKSGY
Akis Gayrimenkul Yatirim Ortakligi A.s — Akiş Gayrimenkul Yatırım Ortaklığı A.Ş. — Investor Presentation (May 2017)
22 slides from Akis Gayrimenkul Yatirim Ortakligi A.s's investor presentation, May 2017
Slide 1: Investor Presentation May 2017
Investor Presentation May 2017
Slide 2: Akkök Holding overview
Founded in 1952 by Raif Dinçkök, Akkök Holding is one of the most well established industrial groups in Turkey. The Group conducts operations in the fields of chemicals, energy and real estate, with 18 commercial and industrial enterprises, one of which is overseas, and with 18 production plants. To
Slide 3: Akiş REIT history and aims
Established within the structure of Akkök Group in 2005, Akiş REIT aims to apply the experience and expertise it has accumulated in the real estate sector, which it has positioned among the group’s strategic business areas. Akiş REIT assumed the title of Real Estate Investment Trust on May 18, 2012
Slide 4: Partnership Structure
Partnership Structure Shareholders (16.06.2017) Ali Raif Dinckok Akis GYO Akkék Holding INC. Niliifer Dinckdk Ciftci Emniyet Ticaret ve Sanayi INC. Raif Ali Dinckdk Other, Including Free Float Total Shares Nominal Value of Shares (TL) 24,19% 104.022.994 17,39% 74.800.803 14,66% 63.065.857 744% 32.00
Slide 5: Merger with Saf REIT
The merger with Saf REIT, which was completed in early 2017, increased the economical and operational efficiency of the Company, helping us become one of the key players of the sector in terms of brand recognition and competitive strength. Merged Company Equity Capital Merged Company Total Assets Ex
Slide 6: Right of Separation share buyback
After the completion of the merger with Saf REIT, certain shareholders used their «Right of Separation» and sold their shares. The Company bought these shares, and as a result of «TMS 32 Financial Instruments Presentation Standards», this transaction was registered as -189 Million TL on the books. T
Slide 7: Bank Credit Stock as of 31.03.2017
Bank Credit Stock as of 31.03.2017 (Million) 350 TL USD EUR Total Credit Stock: 1.517.190.325 TL TL295 300 %14 Short Term, %86 Long Term 250 200 %63 Foreign Exchange, %37 TL 150 100 $71 TL40 $43 $45 $46 50 $34 $25 € 28 € 13 TL2 €3 €4 €4 €4 0 2017 2018 2019 2020 2021 2022
Slide 8: Focus on shopping malls and dividends
Focusing on shopping mall and high street retail investments, which bring sustainable rental income, Akiş REIT aims to provide its shareholders with regular dividend payments, while continuing its healthy growth strategy by periodically developing residential projects.
Slide 9: Akbatı Shopping Mall
BREEAM «Excellent» Gross Leasable Area Certificate for Sustainability 65.500 m2 With its modern design and 200 stores, Akbatı Shopping Mall is the reference project of the Bahçeşehir region. Since its opening in 2011, Akbatı Shopping Mall has solidified its success by accumulating 71 international a
Slide 10: Akbatı Shopping Mall financials
Akbati Shopping Mall Akbati AVYM Year 2016 Currency TL Income $23.825.465 64.783.107TL | $24.075.605 72.662.343TL| $5.234.080 19.431.822 TL Expenses $7.282.997 19.802.979 TL | $7.343.086 22.162.095TL| $1.411.586 5.240.594 TL NOI $16.542.468 44.980.128TL | $16.732.519 50.500.248TL| $3.822.494 14.191.
Slide 11: Akasya Shopping Mall
BREEAM «Good» Certificate for «2015 Best Shopping Gross Leasable Area Sustainability Mall in Europe» 80.000 m2 With its prime location, rich social facilities and convenient access to public transportation, Akasya continues to provide its visitors with a complete shopping experience. One of the most
Slide 12: Akasya financials
Year Currency 2017 QI 40.528.027 TL Income $57.378.119 156.015.123 TL | $57.859.991 174.626.660TL | $10.916.473 Expenses $12.611.873 34.292.566TL | $12.008.541 36.242.8591L| $2.342.785 8.697.722 TL NOI $44.766.246 121.722.5571L| $45.851.449 138.383.801TL| $8.573.688 31.830.305 TL NJ aecleeli clus] $
Slide 13: Number of Visitors and Gross Turnover
50% Number of Visitors (Year Over Year) AYD Akbatı Akasya 40% 30% 20% 10% 0% -10% Gross Turnover (Year Over Year) 90% 80% AYD Akbatı Akasya 70% 60% 50% 40% 30% 20% 10% 0% -10%
Slide 14: Bağdat Street retail developments
We plan on developing four retail oriented units that will fit the texture of the city and reflect our vision, in Erenköy, Caddebostan and Suadiye, located on Bağdat Street, one of the most coveted shopping streets in Istanbul. Total Investment Value Expected Opening Dates Gross Leasable Area 420 Mi
Slide 15: Akapartman residential brand
Akiş REIT, with its new brand «Akapartman», will develop brand new living spaces in the most prestigious and lively locations, with its innovative and unique designs and peerless architectural features. The Company aims to generate a revenue of 100 Million TL, from the residential/office projects th
Slide 16: Beykoz residential/commercial project
We plan on developing a residential/commercial project in Beykoz, one the most upmarket districts in Istanbul, seizing the opportunity of supply deficit in the region. The expected date for the project kickoff is 2018. Total Project Investment Project Area Project Kickoff Date 150 Mio TL 40.000 m2 2
Slide 17: Total Dividends Distributed
One of our biggest goals it to provide consistent dividend income to our shareholders. The Merger with Saf REIT greatly increased our dividend potential. Average Dividends Distributed In The Past 6 Years: 43 Million $/Year Akiş REIT - Saf REIT Total Dividends Distributed ($) 98.667.982 46.568.300 50
Slide 18: Corporate governance rating
Akiş GYO adopts the culture of exceptional corporate governance with transparency, as established by Akkök Holding. In 2016, our corporate governance rating was rated as 9,44 out of 10, which came as first in construction and real estate companies which are traded in Borsa Istanbul stock market. 201
Slide 19: Beykoz land acquisition progress
Akiş Mudanya Ordinary Partnership is in the process of signing flat-for-land contracts with land owners in order to develop a residential/commercial project in Beykoz, Gümüşsuyu District. (As of 2017 Q1:15.885 sqm) Karlıtepe Gayrimenkul Geliştirme ve Yatırım Inc. is in the process of buying lands in
Slide 20: Portfolio
> ww Portfolio arket Va Date Of Repo 893.72 1.000 31.12.2016 2.216.000 31.12.2016 p 155.605.000 31.12.2016 2.200.000.000 | 28.12.2016 Office 28.080.000 28.12.2016 18.765.000 28.12.2016 40.000.000 28.12.2016 dependa 2.170.000 28.12.2016 2.180.000 28.12.2016
Slide 21: Footnote on inventory cost
* Designated as the cost of the inventory, as shown in the financial tables of the company.
Slide 22: Contact for Investor Relations
www.akisgyo.com Contact for Investor Relations Ozan Hançer Strategic Planning, Business Development and Investor Relations Director Telefon: +902123930100 E-Mail: ozan@akisgyo.com
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