Is Yatirim Menkul Degerler As · BIST:ISMEN
Is Yatirim Menkul Degerler As — İş Yatırım Menkul Değerler A.Ş. (İş Investment) — H1 2024 Earnings Presentation
35 slides from Is Yatirim Menkul Degerler As's earnings presentation, Sep 30, 2024
Slide 1: ISMEN Performance & Financial Results 2024/6
ISMEN Performance & Financial Results 2024/6 30.09.2024
Slide 2: Trending Topics
Trending Topics normalization number of investors Elon Musk Olympics dividend buy-back portfolio index bond 100th Year #bist Mehmet Şimşek immigrant Dollar advice USA rate SDGsEuropean Union Russia Central Bank podcast currency candidate gold renewable energy strike bankartificial ISMEN monetary pol
Slide 3: Agenda
About Us Main Macroeconomic Indicators Glance at Capital Markets Operational Performance Financial Results
Slide 4: About Us: Shareholding Structure, Vision, Mission and Values
About Us Shareholding Structure Vision, Mission and Corporate Values Isbank & Free Float Isbank 29% Group Companies VISION MISSION CORPORATE VALUES %71 To be the leader and • Offer a wide range of • Laws, ethical and governance the most reliable investment banking services abiding investment institu
Slide 5: About Us: Established in 1996
About Us Established in 1996 TL 20.280 Mn TL 59.183 Mn 587 as the investment banking arm of İşbank TL 0.5 Mn TL 0.5 Mn 42 Shareholders' Equtiy Total Assets Employees 1996 2024/6 1996 2024/6 1996 2024/6 33 Branches -Inflation adjusted 2024/6 financial figures.
Slide 6: Widespread Branch Network
About Us Widespread Branch Network Ataşehir Taksim Güneşli Beylikdüzü Kalamış Bağdat Caddesi Levent Tuzla* Maslak Boğaziçi* Maltepe Etiler** Nişantaşı Yeşilyurt Çorlu* İstanbul Ankara Samsun Anadolu Trabzon Başkent Bursa Ankara Eskişehir 9 Eylül İzmir Kayseri İzmir Diyarbakır Ege Denizli Bodrum Adan
Slide 7: Subsidiaries
About Us Subsidiaries MAXIS INVESTMENTS MAXIS VENTURE CAPITAL EFES NPL MANAGEMENT (100.0%) PORTFOLIO MANAGEMENT (85.1%) London headquartered (100.0%) Mainly specializes in managing subsidiary to serve Establish and manage venture banks’ NPLs and restructuring brokerage activities capital investment
Slide 8: İş Investment's First Integrated Annual Report
About Us İş Investment's First Integrated Annual Report 2023 Integrated Annual Report of İş Investment which is prepared in line with the GRI Universal Standards and Integrated Reporting Framework of the IFRS Foundation has been published.
Slide 9: A New e-Trading Platform "Herkese Borsa"
About Us A New e-Trading Platform “Herkese Borsa” MAKE YOUR MONEY WORK! Herkese Borsa, our new generation super app, offers a Free live fully digital and branchless experience with the data monitoring assurance of İş Investment! Without minimum portfolio limit requirement, anyone can open an account
Slide 10: A New e-Trading Platform "Herkese Borsa" Features
About Us A New e-Trading Platform “Herkese Borsa” Self-service transactions/Online application and Seamless web and mobile platform for product sales - contract signing/Withdrawals and equities and futures deposits of funds/collateral/Data subscription, Participation in public offerings (IPO’s) Free
Slide 11: BIST Indices that ISMEN included in
About Us BIST Indices that ISMEN included in BIST 100 BIST DIVIDEND BIST FINANCIALS BIST DIVIDEND 25 BIST SUSTAINABILITY BIST 100-30 BIST 500 BIST STARS BIST ALL SHARES BIST BROKERAGE HOUSES
Slide 12: Main Business Lines
About Us Main Business Lines Main Business Lines Brokerage Corporate Finance Investment Advisory Asset Management Research Financial Investments & Trading
Slide 13: Share in the Brokerage Sector
About Us Share in the Brokerage Sector Sector Rank and Share in Key Financial Figures İş Investment – 2023 Rank Share* (%) Share** (%) 1 17 18 Total Assets 1 20 22 Shareholders’ Equity 1 19 19 Total Revenues 1 24 29 Net Profit *Latest disclosed non-consolidated sector figures by TCMA that do not cov
Slide 14: Main Macroeconomic Indicators
About Us Main Macroeconomic Indicators Glance at Capital Markets Operational Performance Financial Results
Slide 15: Main Macroeconomic Indicators
Main Macroeconomic Indicators GDP & Real Growth CBRT Policy Rate (TL Bn) (%) (%) 30.000 11,4 12 60,00 25.000 10 50,00 26.376 50,00 20.000 8 42,50 45,00 40,00 5,5 15.000 5,7 6 15.012 30,00 25,00 10.000 4,5 9.945 4 17,00 19,00 17,50 1,9 20,00 14,00 8.822 11,25 13,00 5.000 7.249 2,5 2 10,25 9,00 15,00
Slide 16: Glance at Capital Markets
About Us Main Macroeconomic Indicators Glance at Capital Markets Operational Performance Financial Results
Slide 17: Glance at Capital Markets
Glance at Capital Markets Number of Investors Foreign Investor Share 70% 9.000 7.644 7.637 60% 8.000 7.000 49% 50% 6.000 41% 5.015 38% 38% 5.000 4.328 40% 3.783 30% 4.000 3.075 3.180 3.557 346 3.000 252 30% 2.355 1.989 29% 29% 2.000 116 27% 28% 87 77 20% 1.000 22% 0 10% '20 '21 '22 '23 '24/6 '20 '21
Slide 18: Operational Performance
About Us Main Macroeconomic Indicators Glance at Capital Markets Operational Performance Financial Results
Slide 19: Operational Performance: Equities
Operational Performance Equities Equity Market – Borsa Istanbul İş Investment 6.000 12,0% 10,3% 10,3% 9,9% 5.000 9,5% 10,0% 65.481 8,6% 8,3% 6.720 4.000 8,0% 3.721 3.000 6,0% 37.645 35.412 2.000 2.361 4,0% 20.726 2.941 13.189 15.027 1.000 1.255 1.285 2,0% 0 0,0% '20 '21 '22 '23 '23/6 '24/6 '20 '21 '
Slide 20: Operational Performance: Derivatives
Operational Performance Derivatives Turkish Derivatives Market (VIOP) İş Investment 2.500 10,8% 12,0% 9,8% 10,6% 10,6% 23.322 9,3% 2.276 10,0% 9,5% 2.000 8,0% 15.775 1.500 14.813 1.595 1.493 6,0% 8.945 9.685 1.000 1.023 4,0% 947 5.737 500 535 2,0% 0 0,0% '20 '21 '22 '23 '23/6 '24/6 '20 '21 '22 '23 '
Slide 21: Corporate Finance - Debt Securities Issuances
Operational Performance Corporate Finance - Debt Securities Issuances Debt Securities Issuances - Market İş Investment 500 2.000 60 140 1.854 1.813 119 450 1.800 120 459,0 50 400 1.600 1.294 53,0 52,4 350 1.400 100 1.254 361,4 40 300 1.200 90 80 294,0 65 250 1.000 30 258,4 819 829 200 800 50 46 30,1
Slide 22: Corporate Finance – IPOs
Operational Performance Corporate Finance – IPOs Mogan Energy IC Enterra Koton IPO Ratio IPO Ratio IPO Ratio 10.76% 20.03% 16.5% IPO Size IPO Size IPO Size TL 3 Billion TL 3.7 Billion TL 4.2 Billion $ 95.3 Million $ 114.4 Million $ 129.2 Million Consortium member for 15 IPOs with total size of TL 32
Slide 23: Assets Under Management – Equity Loans
Operational Performance Assets Under Management – Equity Loans AuM - İş Asset Management Equity Loans - İş Investment (TL Mn) 700.000 10.000 100,0% 545 9.000 9.125 90,0% 600.000 44 8.000 80,0% 500.000 7.000 70,0% 6.270 338 6.000 60,0% 400.000 186 170 229 5.000 50,0% 31 3.831 3.871 300.000 94 16 30 4
Slide 24: Financial Results
About Us Main Macroeconomic Indicators Glance at Capital Markets Operational Performance Financial Results
Slide 25: Revenue Generation Structure
Financial Results Revenue Generation Structure Operating Revenues Commission Income Non-Commission Income Brokerage Financial Investments Subsidiaries Equity Loans & Treasury Transactions Domestic International Private Equity Equities Corporate Finance Fixed Income Investment Securities IPOs Trust B
Slide 26: Highlighted Figures That Do Not Cover Inflation Adjustments
Financial Results Highlighted Figures That Do Not Cover Inflation Adjustments İş Investment – Consolidated 2023 2024/6 Change (%) (TL 000) Total Assets 41.216.441 58.092.723 41 Shareholders’ Equity 15.584.184 19.738.420 27 İş Investment - Consolidated 1Q24 2Q24 q/q (%) 2023/6 2024/6 y/y (%) (TL 000)
Slide 27: Glance at Inflation Adjusted Financial Results
Financial Results Glance at Inflation Adjusted Financial Results İş Investment – Consolidated 2023* 2024/6 Change (%) (TL 000) Total Assets 52.380.897 59.183.219 13 Shareholders’ Equity 19.923.778 20.279.714 2 İş Investment - Consolidated 1Q24* 2Q24 q/q (%) 2023/6* 2024/6 y/y (%) (TL 000) Operating
Slide 28: Breakdown of Operating Revenues
Financial Results Breakdown of Operating Revenues Operating Revenues (TL 000) 2023/6 2024/6 y/y (%) Interest and Trading Revenues 8.649.922 7.872.533 (9) Commission Revenues 2.249.877 2.635.980 17 TOTAL 10.899.799 10.508.513 (4) Revenue Breakdown of Operating Revenues Percentage Breakdown of Op. Rev
Slide 29: Breakdown of Commissions
Financial Results Breakdown of Commissions Commission Revenues (TL 000) 2023/6 2024/6 y/y (%) Brokerage 1.553.461 1.706.683 10 Corporate Finance 56.113 177.390 216 Asset Management 640.303 751.907 17 TOTAL 2.249.877 2.635.980 17 Commission Revenues – 2024/6 Revenue Breakdown of Brokerage 1.400 TL mn
Slide 30: Breakdown of Operating Expenses
Financial Results Breakdown of Operating Expenses Operating Expenses (TL 000) 2023/6 2024/6 y/y (%) Marketing, Sales and Distribution Expenses* 506.120 766.965 52 General Administrative Expenses 1.610.055 1.770.542 10 TOTAL 2.116.175 2.537.507 20 *Including other expenses Operating Expenses – 2024/6
Slide 31: Liquidity and Financial Position
Financial Results Liquidity and Financial Position 1,71 1,66 1,64 1,57 1,53 1,43 0,99 0,98 Current Assets /Short Term Liabilities Current Assets / Total Liabilities Total Liabilities / Equity Short Term Liabilities / Total Liabilities 2023 2024/6
Slide 32: Price Performance & Daily Trading Volume
Financial Results Price Performance & Daily Trading Volume Price Performance - ISMEN Daily Trading Volume (TL) - ISMEN Market Cap. (TL mn) Close Price (TL) 1.400.000.000 75.000,00 45,00 1.200.000.000 40,00 65.000,00 35,00 1.000.000.000 55.000,00 30,00 800.000.000 45.000,00 25,00 600.000.000 20,00 35
Slide 33: Investor Relations
Investor Relations Fatih Mehmet Yılmaz Deputy CEO Phone : +90 0212 350 25 00 Fax : +90 0212 350 25 01 E-mail : fyilmaz@isinvestment.com The Investor Relations is responsible for the timely communication of necessary, accurate, complete, comprehensible and easily accessible information and explanatio
Slide 34: Disclaimer
Disclaimer The information in this report is prepared by “IS YATIRIM MENKUL DEGERLER A.S.” (IS Investment) and it is not to be construed as an offer or solicitation for the purchase or sale of any financial instrument or the provision of an offer to provide investment services. Information, opinions
Slide 35: ISMEN Performance & Financial Results 2024/6
ISMEN Performance & Financial Results 2024/6 30.09.2024
İş Yatırım Menkul Değerler A.Ş. (İş Investment) — H1 2024 Earnings Presentation on 6ix