Is Gayrimenkul Yatirim Ortakligi A.s. · BIST:ISGYO
Is Gayrimenkul Yatirim Ortakligi A.s — İş Gayrimenkul Yatırım Ortaklığı A.Ş. — Investor Presentation (June 2024)
21 slides from Is Gayrimenkul Yatirim Ortakligi A.s's investor presentation, Jun 30, 2024
Slide 1: Investor Presentation İş Gayrimenkul Yatırım Ortaklığı A.Ş.
INVESTOR İŞ GAYRİMENKUL YATIRIM PRESENTATION ORTAKLIĞI A.Ş. 30.06.2024 isgyo.com.tr Sınıflandırma: GENEL | Classification: PUBLIC 1
Slide 2: Is REIC at a Glance
IS REIC AT A GLANCE Established TUTOM in 1999 25 Years of Market Strategic Expertise Partnership Outstanding Real Estate Investments and Development Projects SHAREHOLDING STRUCTURE Real Estate Mcap Portfolio TRY 15,7 Billion* TRY 40 Billion Asset Size Rental Portfolio %33 %52 TRY 42 Billion TRY 33 B
Slide 3: Is REIC Investment Highlights
IS REIC INVESTMENT HIGHLIGHTS Diversified Financially Strong Tenants Solid & Growing Rental Real Estate Portfolio Income ~TRY 603 Mn Rental Income for 1H-2024 DIVERSIFIED REAL ESTATE PORTFOLIO 43% Rental Income From 6,9% İş Group 11% Long Term Leases 18% 64% B.O.T. 72 Years Office Retail Project Oth
Slide 4: Rental Portfolio / Real Estate Portfolio
RENTAL PORTFOLIO REAL ESTATE PORTFOLIO Sınıflandırma: GENEL | Classification: PUBLIC 4
Slide 5: Real Estate Portfolio
REAL ESTATE PORTFOLIO REAL ESTATE PORTFOLIO VALUE ASSET BREAKDOWN TRY Mn % SHARE 6,5% 0,4% OFFICE 25.662 64,3 % 10,5% Rental Portfolio RETAIL 7.313 18,3% 64,3% PROJECTS 4.206 10,5% 18,3% LAND 163 0,4% Office Retail Projects Land Inventories INVENTORIES 2.587 6,5% REAL ESTATE PORTFOLIO GEOGRAPHICAL B
Slide 6: Office Investments
OFFICE INVESTMENTS TUTOM IŞ TOWERS Ankara Office Lamartine Technology Operation Centre Tower 2-3 Iş Tower Maslak Office of Turkiye İş Bankası 2024 –1H 2024 –1H Rental 2024 –1H TRY 109 Mn TRY 17 Mn TRY 195 Mn Rental Income Rental Income Income Appraisal TRY 8.611Mn Appraisal TRY 3.119 Mn TRY 8.681 Mn
Slide 7: Office Investments - Istanbul Finance Centre (IFC)
LEED GOLD GREEN BUILDING OFFICE INVESTMENTS- ISTANBUL FINANCE CENTRE (IFC) CERTIFICATION LOCATION: ATAŞEHİR, ISTANBUL PROJECT TYPE OFFICE &COMMERCIAL TOTAL SALEABLE/ LEASABLE AREA: c. 35.000 Sqm DEVELOPMENT COST ≈ 110 Mn USD (Inc. Land) Est. ANNUAL RENTAL INCOME ≈ 10 Mn USD* 7 Sınıflandırma: GENEL |
Slide 8: Retail Investments
RETAIL INVESTMENTS SHOPPING CENTRES • KULE ÇARŞI • TUZLA MEYDAN • MALLMARINE KANYON* 49% MARMARA 20% PARK EGE PERLA OTHERS 21% 2024 –1H 2024 –1H 2024 –1H 2024 –1H TRY 123 Mn Rental TRY 140 Mn TRY 15 Mn Rental TRY 5 Mn Rental Rental Income Income Income Income Appraisal Appraisal TRY 2.320 Mn Apprais
Slide 9: Litus Istanbul
LITUS ISTANBUL LOCATION ALTUNİZADE, ISTANBUL PROJECT TYPE: RESIDENTIAL PROJECT NUMBER OF UNITS: 98 NUMBER OF UNITS SOLD: 35 (As of June 2024) DEVELOPMENT COST*: 96 Mn USD INVESTMENT MODEL: 50%-50% COST & REVENUE SHARING WITH TECIM TOTAL SALEABLE AREA: c. 35.800 Sqm Sınıflandırma: GENEL | Classificat
Slide 10: Projects Under Development
PLANNED PROJECTS PROJECTS UNDER DEVELOPMENT Sınıflandırma: GENEL | Classification: PUBLIC 10
Slide 11: Kasaba Modern Project (Phase II)
KASABA MODERN PROJECT PHASE - II) LOCATION PROJECT TYPE: OMERLI, ISTANBUL VILLA SALEABLE AREA: 19.000 Sqm TOTAL LAND AREA: NUMBER OF UNITS NUMBER OF UNITS 138.000 Sqm 165 VILLA 61 VILLA INVESTMENT MODEL: EST. DEVELOPMENT COST: 44% ISGYO $ 78 Mn (Inc. Land) 56% TECİM EST. DEVELOPMENT COST: COST & REV
Slide 12: Profilo Residential Project
PROFILO RESIDENTIAL PROJECT LOCATION SISLI, ISTANBUL INVESTMENT MODEL: Revenue Sharing Agreement In Return for Land. ARTAS will develop the residentail project for which undertakes all project expenses IS REIC MINIMUM REVENUE $ 65 Mn + VAT IS REIC REVENUE SHARE: 40%. RESIDENTIAL PROJECT OF c.200 UNI
Slide 13: Tuzla Residential Project
TUZLA RESIDENTIAL PROJECT LOCATION TOTAL LAND AREA: PROJECT TYPE TUZLA, ISTANBUL ~ 59.900 Sqm Residential Project of ~ 1.115 Units Sınıflandırma: GENEL | Classification: PUBLIC 13
Slide 14: Planned Projects
PLANNED PROJECTS PLANNED PROJECTS Sınıflandırma: GENEL | Classification: PUBLIC 14
Slide 15: Balmumcu Project
BALMUMCU PROJECT ~𝟐 𝒌𝒎 LOCATION ~𝟏𝟎𝐦𝐭 GAYRETTEPE, ISTANBUL ~𝟐 𝒌𝒎 ~𝟏𝟎𝟎𝐦𝐭 RESIDENCE OF 70 UNITS ~𝟖𝟎𝟎𝐦𝐭 ESTIMATED TOTAL DEVELOPMENT COST ~𝟖𝟎𝟎𝐦𝐭 $ 25,5 Mn Sınıflandırma: GENEL | Classification: PUBLIC 15
Slide 16: Financials
PLANNED PROJECTS FINANCIALS Sınıflandırma: GENEL | Classification: PUBLIC 16
Slide 17: Financials
FINANCIALS BALANCE SHEET 30.06.2024 INCOME STATEMENT (Mn TRY) 30.06.2024 30.06.2023 Sales Revenue 1.586,5* 645,6 ASSETS (Mn TRY) 42.207 LIABILITIES 42.207 3.137 4.236 Cost of Sales 908,3 150,8 Current Assets Short-Term Liabilities Non-current Assets 39.071 Long-Term Liabilities 1.784 Gross Profit/Lo
Slide 18: Debt & Cash Position
DEBT & CASH POSITION LOANS BANK LOANS BILLS & BONDS TOTAL FINANCIAL DEBT 5.219 Mn TRY 1.831 Mn TRY 3.388 Mn TRY COST OF DEBT: 46-53 % COST OF DEBT: 39-60 % NET FINANCIAL DEBT 5.147 Mn TRY TOTAL OUTSTANDING FINANCIAL DEBT : 5.219 Mn TRY TOTAL FINANCIAL DEBT / ASSETS 12 % Financial Debt Breakdown Bank
Slide 19: Stock Performance
PLANNED PROJECTS STOCK PERFORMANCE Sınıflandırma: GENEL | Classification: PUBLIC 19
Slide 20: Share Price vs Index Performance
0 10 20 30 50 60 40 02/01/2024 Mn TRY 12/01/2024 Volume, 24/01/2024 05/02/2024 15/02/2024 27/02/2024 08/03/2024 20/03/2024 01/04/2024 Volume 16/04/2024 29/04/2024 10/05/2024 22/05/2024 AVERAGE TRY 179 Mn 03/06/2024 SHARE PRICE & VOLUME 13/06/2024 Share Price 28/06/2024 10/07/2024 DAILY TRADING VOLUM
Slide 21: Contacts
CONTACTS Ayşegül Şahin Kocameşe DISCLAIMER Assistant General Manager This presentation has been prepared in order to inform Phone : 0 850 724 23 50 investors. E-mail : aysegul.sahin@isgyo.com.tr Since the presentation has been prepared regarding the Mehmet Erdem Aykın previous period, the data in it
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