Is Gayrimenkul Yatirim Ortakligi A.s. · BIST:ISGYO
Is Gayrimenkul Yatirim Ortakligi A.s — Investor Presentation (2023)
24 slides from Is Gayrimenkul Yatirim Ortakligi A.s's investor presentation, 2023
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 8.705 mn Total Mcap of the sector is ~ TL 183 bn. • Asset Size TL 17.771 mn • Equity Size TL 13.933 mn • Real Estate Portfolio TL 16.410 mn • Rental Portfolio Size TL 12.034 mn • Rental Income for 2023/Q1 TL 1
Slide 4: Why IS REIC?
Why IS REIC? Diversified real estate portfolio Office 55%, projects 26%, retail 19% Solid & growing rental income ~TL 161 mn rental income for Q1 2023 Financially strong tenants & long-term leases 45% of the rental income comes from İş Group Investment models with long-term leases; tur
Slide 5: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 6: Real Estate Portfolio Breakdown
Real Estate Portfolio Breakdown Real Estate Portolio Value Rental Portfolio mn TL Office 8.956 55% Rental Portfolio Retail 3.078 19% 12.034 73% Projects 4.267 26% Inventories 56 0,3% Land 53 0,3% TOTAL 16.410 100% Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
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 2023 Q1 Rental TL 59 mn TL 13 mn TL 8 mn TL 5 mn Income Appraisal TL 3.918 TL 1.857 TL 1.911 TL 1.269 mn Value mn mn mn % share in office 44% 21% 21% investments Office Portfolio TL, mn Repres
Slide 9: Retail Portfolio
Retail Portfolio Kanyon Marmara Ege Perla Shopping Others Park AVM AVM Center * 2023 Q1 Rental TL 27 mn TL 44 mn TL 3 mn TL 3 mn Income Appraisal Value TL 1.400 mn TL 915 mn TL 371 mn TL 392 mn % share in retail 45% 30% 12% investments Retail Portfolio TL, mn Represent 87% of the total retail inve
Slide 10: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 11: 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 : ≈ 33K sqm Income Projection Estimated development cost: ≈ $ 103 mn* Estimated monthly rental Income : TL 11 mn** *Designed by (*) Excludin
Slide 12: Litus Istanbul Residential Project
Litus Istanbul Residential Project* Location : Altunizade, Istanbul Project Type: Residential project with commercial area ~𝟐 𝒌𝒎 Project Details: 6 residential blocks, 1 office block and partial commercial area • Number of Residentials: 98 ~𝟖𝟎𝟎𝐦𝐭 • Estimated saleable/leasable commercial…
Slide 13: Tuzla Residential Project
Tuzla Residential Project Location : Tuzla, Istanbul Land Area : ~53K Project type : Residential project comprising ~ 1.000 units Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 14: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 15: Planned Projects
Planned Projects Kasaba Modern Project Gayrettepe Project ~𝟐 𝒌𝒎 Location : Ömerli, Istanbul Location : Gayrettepe, Istanbul Project Type: 165 residence/villa Project Type: Residential Acquisition Date: 2022 & 2023 Acquisition Date: September, 2022 Land Area: 81K sqm Investment Model: İş…
Slide 16: Planned Projects
Planned Projects Profilo Shopping Center Project Kadıköy Hotel Project ~𝟐 ~ Location : Kadıköy, Istanbul Location : Şişli, Istanbul Project Type: Hotel and commercial area. Acquisition Date: January, 2023 Investment Model: Revenue sharing agreement in Investment Model: İş REIC’s share 45%…
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 5 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 31.03.2023 TL, mn 31.03.2023 ASSETS 17.771,2 LIABILITIES 17.771,2 Current Assets 1.634,7 Short-term Liabilities 3.828,7 Non-current Assets 16.136,6 Long-term Liabilities 9,2 Equity 13.933,3 INCOME STATEMENT 31.03.2023 31.03.2022 TL, mn Sales Revenue 188,8 139,
Slide 21: Financial Debt & Cash Position
Financial Debt & Cash Position Outstanding Bank Loans Date to Maturity Loan TL mn TL Loans 1m - 6m 2.196 Bills & Bonds 6m - 1 Year 1.413 Total 3.609 Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 22: Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Sınıflandırma: HİZMETE ÖZEL | Classification: CONFIDENTIAL
Slide 23: Stock Price vs. Index Performance
Stock Price vs. Index Performance BIST 100, REIC Index & Is REIC Price (TL) 6.000 14,00 5.500 12,00 5.000 BIST 100 & REIC Index 4.500 10,00 4.000 IS REIC Price 3.500 8,00 3.000 2.500 6,00 2.000 4,00 1.500 1.000 2,00 500 0 0,00 01.01.23 10.01.23 19.01.23 28.01.23 06.02.23 15.02.23 24.02.23 05.03.23 1
Slide 24: Investor Relations & Sustainability
Investor Relations & Sustainability 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 Manager investors. Investor Relations & Sustainability Phone : +90 850 724 23 5
Is Gayrimenkul Yatirim Ortakligi A.S. (IS REIC) — Investor Presentation (2023) on 6ix