Halk Gayrimenkul Yatirim Ortakligi As · BIST:HLGYO
Halk Gayrimenkul Yatirim Ortakligi As — Halk Gayrimenkul Yatırım Ortaklığı A.Ş. — Investor Presentation (2018)
26 slides from Halk Gayrimenkul Yatirim Ortakligi As's investor presentation, 2018
Slide 1: Investor Presentation 2017 / YE
INVESTOR PRESENTATION 2017 / YE
Slide 2: Hat Pat Estat Irveatmant Tat. Ieuan i the
Hat Pat Estat Irveatmant Tat. Ieuan i the
Slide 3: About Halk GYO
ABOUT HALK GYO Halk GYO, was established in 2010, invests in real estates, real estate projects, real estate based rights and capital market instruments. Halk GYO completed its IPO in February 2013 and is trading on the Borsa Istanbul (BIST) with the code “HLGYO” As of December 31, 2017; Halk G
Slide 4: Real Estate Portfolio Distribution
REAL ESTATE DISTRIBUTION OF PORTFOLIO PORTFOLIO TL 2,220 Million Buildings 42% TL 492.5 Million Projects 58% Last Appraisal Values Establishment Appraisal Values 2
Slide 5: Real Estate Portfolio Regional Dispersal
REAL ESTATE PORTFOLIO REGIONAL DISPERSAL Istanbul “Bizimtepe Aydos “ Istanbul Residential Project “Park Dedeman Levent Hotel” Istanbul Financial Center Project Erzurum Istanbul Kocaeli “Şehristan Residential” “Referans Bakırköy “Şekerpınar Project” Project Residential Project Eskişehir “Panorama Plu
Slide 6: Real Estate Portfolio Table
REAL ESTATE PORTFOLIO TABLE PORTFOLIO Fair Value(TL) PROJECTS Current Status * Project appraisal value Istanbul Financial Center Project In Construction *888,120,000 **Appraisal values of independent units of Halk GYO as of December 31, 2017 Istanbul Bizimtepe Aydos Residential Project In Constructi
Slide 7: Rental Income Ratios
RENTAL INCOME RATIOS 6,7% 6,5% 6,5% 6,3% Rent Income/ Last Appraisal Value 2014 2015 2016 2017 5
Slide 8: Completed Projects: Halkbank Finance Tower
COMPLETED PROJECTS HALKBANK FINANCE TOWER In 2012, we acquired this 23-floor class A office tower located near the Istanbul International Finance Center Project while it was under construction, The tower has been leased to Halkbank. Being in Batı Ataşehir district, which is one of the closest areas
Slide 9: Completed Projects: Istanbul Referans Bakırköy
COMPLETED PROJECTS ISTANBUL REFERANS BAKIRKÖY Referans Bakırköy is Halk GYO’s first residential project. The project is developed based on a revenue sharing model in which our Company’s share is 50,5 percent. The project which carried out together with Biskon Yapı A.Ş., an association of Kiler Holdi
Slide 10: Completed Projects: Park Dedeman Levent Hotel
COMPLETED PROJECTS ISTANBUL PARK DEDEMAN LEVENT HOTEL Park Dedeman Levent Hotel is the first hospitality project in Halk GYO’s portfolio, It meets the much felt need for business hotels on Mecidiyeköy- Maslak line, Istanbul. The occupancy permit for “Park Dedeman Levent” hotel project has been grant
Slide 11: Completed Projects: Eskişehir Panorama Plus
COMPLETED PROJECTS ESKiŞEHİR PANORAMA PLUS PROJECT The project located in Odunpazarı-Eskişehir, developed on an area of 9,811 sqm and covers 102 independent units consists 97 residential and 5 commercial units, 2 of which have been rented out by our Company. Panorama Plus is the first project which
Slide 12: Completed Projects: Şekerpınar Banking Center
COMPLETED PROJECTS ŞEKERPINAR BANKING CENTER Şekerpınar Banking Center which developed on our Şekerpınar-Kocaeli land which was purchased in September 2012, has an usage area of approximately 9k sqm. In April 2015, the Center leased for 10 years. Center is aimed to be an environmentally friendly bui
Slide 13: Completed Projects: Halk Office Şekerpınar
COMPLETED PROJECTS HALK OFFICE ŞEKERPINAR Halk Office Şekerpınar located on our Şekerpınar-Kocaeli land which was purchased in September 2012, has an usage area of approximately 52k sqm. The marketing process for leasing or sale of the project still continues. Real Estate Information City : Kocaeli
Slide 14: Ongoing Projects: Istanbul Financial Center
ONGOING PROJECTS ISTANBUL FINANCIAL CENTER As Halk GYO, we are one of the major stakeholders of the Istanbul International Financial Center Project carried out under the coordination of the Ministry of Environment and Urban Planning and two office towers, one with 46 floors and the other with 34 flo
Slide 15: Ongoing Projects: Sancaktepe Bizimtepe Aydos
ONGOING PROJECTS SANCAKTEPE BİZİMTEPE AYDOS PROJECT The Project will constructed through joint venture with Vakıf REIT. It is located on Sancaktepe, one of the most developing and popular districts of Istanbul. On the 95k sqm land, after leaving 90% of it for landscape, it is planning to build 13-st
Slide 16: Ongoing Projects: Erzurum Şehristan Residential
ONGOING PROJECTS ERZURUM ŞEHRİSTAN RESIDENTIAL PROJECT In April 2016, a land of approximately 24k sqm in Erzurum/Yakutiye, of which prior proprietor was Er Konut, added into portfolio with a cost of TL 17,5 million, the half amount of the appraisal value of TL 35 million, to develop a residential pr
Slide 17: Ongoing Projects: Salıpazarı Hotel Project
ONGOING PROJECTS SALIPAZARI HOTEL PROJECT After the best use studies, it was decided to renovate our office building, Beyoğlu Salıpazarı, which is registered in one of the most historic and significant districts in Istanbul, as a hotel. After the procedures of sealed-bid tender and auction, a lease
Slide 18: Ongoing Projects: İzmir Alsancak Project
ONGOING PROJECTS İZMİR ALSANCAK PROJECT “Teknik Yapı – Halk GYO Joint Venture” has been established providing all profits, liability and revenue to be divided equally with Teknik Yapı A.Ş., the winner of the Revenue Sharing Model Project in Return for Land Sale Tender, made by Emlak Konut GYO A.Ş. i
Slide 19: Financial Data
FINANCIAL DATA BALANCE SHEET (TL) 31.12.2016 31.12.2017 Current Assets 233,670,563 432,080,905 Liquid Assets 51,301,426 123,145,273 Inventories 152,820,902 252,004,404 01.01.2016 01.01.2017 INCOME STATEMENT (TL) 31.12.2016 31.12.2017 Non-Current Assets 1,605,916,723 1,944,852,835 Revenues 79,567,962
Slide 20: Distribution of Assets and Liabilities
DISTRIBUTION OF ASSETS AND LIABILITIES DISTRIBUTION OF ASSETS _TL DISTRIBUTION OF LIABILITIES_TL Buildings Lands & Projects Others Cash and Cash Equivalents Equities Deferred Income Financial Debts Others 2,376,933,740 2,376,933,740 1% 5% 1,839,587,286 1,839,587,286 10% 7% 1% 10% 2% 1% 7% 10% 49% 44
Slide 21: Balance Sheet Items
BALANCE SHEET ITEMS 1,000 TL YoY 2,376,933 1,915,457 1,969,067 Assets 29.21% 1,839,587 1,889,921 1,623,069 1,879,401 1,651,993 Equities 15.29% 1,431,263 1,630,195 1,641,206 1,664,259 1,527,802 1,330,651 2014 YE 2015 YE 2016 YE March 2017 June 2017 September 2017 2017 YE 252,121 202,943 YoY 107,264 N
Slide 22: Income Statement Items
INCOME STATEMENT ITEMS TL 2015 2016 2017 Total Revenues 99,656,111 79,567,962 82,240,682 Rent Income 42,065,203 47,930,935 51,029,060 Real Estate Sale Income 55,429,807 24,587,761 23,934,707 Financial Income 2,161,101 7,049,266 7,276,915 Cost of Sales -28,815,988 -14,222,613 -15,812,566 Cost of Real
Slide 23: Distribution of Main Income Items
DISTRIBUTION OF MAIN INCOME ITEMS House Sale TL 292,486,019 Income 4% Rent Income Value Increase in Real Estate Others TL 141,620,582 71% 5% 44% 17% 34% 17% 8% 2016 2017 20
Slide 24: Distribution of Main Expense Items
DISTRIBUTION OF MAIN EXPENSE ITEMS Cost of House TL 40,364,699 Sales Personnel TL 33,956,323 Expenses Marketing & 33% Selling Expenses 25% Interest 5% 4% Expenses 9% 15% Other 18% 18% 38% 35% 2016 2017 21
Slide 25: 2018 Targets
2018 TARGETS To complete the marketing process of “Halk Office Şekerpınar” To open its gates “Salıpazarı Building” as a hotel To start construction and sale of “İzmir Alsancak Project” To reach to ~ 11 % RoaA ratio 22
Slide 26: For further information please contact; Investor Relations
For further information please contact; Investor Relations ir@halkgyo.com.tr Phone: +90 216 600 10 33 DISCLAIMER The information contained in this presentation has been prepared by Halk Gayrimenkul Yatırım Ortaklığı A,Ş, (Halk GYO) for informational purposes only. Although the information in this pr
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