Is Gayrimenkul Yatirim Ortakligi A.s. · BIST:ISGYO
Is Gayrimenkul Yatirim Ortakligi A.s — Investor Presentation (September 2021)
24 slides from Is Gayrimenkul Yatirim Ortakligi A.s's investor presentation, Sep 30, 2021
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 2.013 mn Total Mcap size of the sector is ~TL 67 bn.* *Excluding Başkent Doğalgaz GYO • Asset Size TL 5.344 mn • Equity Size TL 4.142 mn • Real Estate Portfolio TL 4.796 mn • Rental Portfolio Size TL 3.975 mn
Slide 4: Why IS REIC?
Why IS REIC? Diversified real estate portfolio Office 58%, retail 25% and residential 7% Solid & growing rental income ~TL 175 mn rental income for 9M2021. Financially strong tenants & long-term leases 60% of the rental income comes from İş Group Investment models with long-term leases
Slide 5: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 6: Real Estate Portfolio Breakdown
Real Estate Portfolio Breakdown Inventories; 3% Land; 4% Real Estate Portfolio Value Projects; 10% TL mn Office 2.789 58% Rental Portfolio Retail; 25% Office; 58% Retail 1.186 25% 3.975 83% Projects 465 10% Land 193 4% Inventories 163 3% TOTAL 4.796 100% *Inventories represent the undelivered units.
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 9M2021 TL 86 mn TL 20 mn TL 7 mn TL 7 mn Rental Income Appraisal TL 1.339 TL 548 TL 543 TL 359 mn Value mn mn mn % share in 39% 48% 17% 20% 16% 19% 10% office investments Office Portfolio TL, mn
Slide 9: Retail Portfolio
Retail Portfolio Marmara Kanyon Ege Perla Park Shopping Shopping The Others Shopping Center Center Center 9M2021 Rental TL 21 mn TL 3 mn TL 29 mn TL 3 mn Income Appraisal Value TL 580 mn TL 235 mn TL 245 mn TL 125 mn 49% 49% 22% 20% 16% 21% Retail Portfolio TL, mn Represent 90% of the total retail
Slide 10: Growth of the Rental Income
Growth of the Rental Income The rental income expectation for 2021 is ~ TL 230 mn. Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 11: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 12: 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 : ≈ 32K sqm Income Projection Estimated development cost: ≈ TL 370 mn* Estimated rental Income : TL 45-50 mn *Designed by (*) Excluding fina
Slide 13: 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: 15 Projections Estimated sales revenue : TL 120 mn Estimated completion date: June, 2022 Sınıflandırma: HİZMETE ÖZEL |
Slide 14: 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: 92 • Estimated saleable/leasable commercial area : ≈…
Slide 15: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 16: Planned Projects
Planned Projects Kadıköy Hotel Project Tuzla Residential Project ~𝟐 𝒌𝒎 ~𝟏𝟎𝟎𝐦𝐭 Tepe Nautilus ~𝟖𝟎𝟎𝐦𝐭 Location : Kadikoy, Istanbul Location : Tuzla, Istanbul Project Type: Hotel and commercial area Acquisition date: January, 2016 Acquisition Date: December, 2016 Land Area: ≈ 53K sqm…
Slide 17: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 18: 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 3 year period, the Company did not distribute cash dividend in order to optimize the c
Slide 19: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 20: Balance Sheet & Income Statement
Balance Sheet & Income Statement TL, mn 30.09.2021 TL, mn 30.09.2021 ASSETS 5.344,4 LIABILITIES 5.344,4 Current Assets 484,5 Short-term Liabilities 1.082,7 Long-term Assets 4.859,9 Long-term Liabilities 119,9 Shareholders' Equity 4.141,7 INCOME STATEMENT Jan.-Sep. Jan.-Sep. TL, mn 2021 2020 Sales Re
Slide 21: Financial Debt & Cash Position
Financial Debt & Cash Position Outstanding Loan Original Amount Outstanding Loan Bank Loans TL mn Date to Maturity TL mn Dolar Loan $22,1 2 years 199 TL Loans 510,7 < 1 year 511,0 Total 710 Original Amount Bonds &Bills TL mn Cash, TL mn 103 Bills 362 Total 362 Total Financial Debt, TL mn 1.072 Net D
Slide 22: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 23: Stock Price vs. Index Performance
Stock Price vs. Index Performance Stock Price & Index Performance (%) Q32021 Q32021 BIST 100 -4,8 P/BV 0,49 XGMYO -6,2 Avr. Trade Volume TL 85,4 mn ISGYO -17,30 Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 24: 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
Is Gayrimenkul Yatirim Ortakligi A.S. (IS REIC) — Investor Presentation (September 2021) on 6ix