Halk Gayrimenkul Yatirim Ortakligi As · BIST:HLGYO
Halk Gayrimenkul Yatirim Ortakligi As — Halk Gayrimenkul Yatırım Ortaklığı A.Ş. — Q2 2018 Earnings Presentation
25 slides from Halk Gayrimenkul Yatirim Ortakligi As's earnings presentation, 2018
Slide 1: Investor Presentation 2018 / Q2
INVESTOR PRESENTATION 2018 / Q2
Slide 2: 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 June 30, 2018; Halk GYO h
Slide 3: Real Estate Portfolio Distribution
REAL ESTATE DISTRIBUTION OF PORTFOLIO PORTFOLIO TL 2,311 Million Buildings 41% TL 492.5 Million Projects 59% Last Appraisal Values Establishment Appraisal Values 2
Slide 4: Real Estate Portfolio Regional Dispersal
REAL ESTATE PORTFOLIO İstanbul Salıpazarı REGIONAL DISPERSAL «Port Bosphorus Hotel» İstanbul «Bizimtepe Aydos» Residential Project İstanbul “Park Dedeman Levent Hotel” İstanbul «International Financial Center» Project Erzurum İstanbul Kocaeli “Şehristan Residential” “Referans Bakırköy “Şekerpınar Pr
Slide 5: Real Estate Portfolio Table
REAL ESTATE PORTFOLIO TABLE PORTFOLIO Fair Value (TL) PROJECTS Current Status * Project cost value as of June 30, 2018 Salıpazarı Land 5,178,343 ** Appraisal values of independent units of IIFC «Halk Towers» In Construction *972,965,746 Halk GYO as of June 30, 2018 Istanbul Bizimtepe Aydos Residenti
Slide 6: Rental Income Ratios
RENTAL INCOME RATIOS 7.0% 7,0% 6.7% 6.5% 6.5% 6.3% Rent Income/ Last Appraisal Value of Leased Buildings 2014 2015 2016 2017 2018 Q1 2018 Q2 5
Slide 7: Completed Projects: Halkbank Finance Tower
COMPLETED PROJECTS HALKBANK FINANCE TOWER In 2012, we acquired this 23-floor class A office tower located near the İstanbul International Financial 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 area
Slide 8: Completed Projects: Referans Bakırköy
COMPLETED PROJECTS 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 Holding, has r
Slide 9: Completed Projects: Park Dedeman Levent Hotel
COMPLETED PROJECTS 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 granted and in
Slide 10: Completed Projects: Panorama Plus Project
COMPLETED PROJECTS 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. Panorama Plus is the first project which has “LEED Silver Certification” with the highest score in
Slide 11: 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, Project finished and the Center leased for 10 years. Center is aimed to be an environ
Slide 12: 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. Project construction finished in 2015 and the marketing process for leasing or sale of the project still continue
Slide 13: Completed Projects: Bizimtepe Aydos
COMPLETED PROJECTS BİZİMTEPE AYDOS 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 the Project copmrires 13-storey 17 blocks (tot
Slide 14: Completed Projects: Şehristan Residential
COMPLETED PROJECTS ŞEHRİSTAN RESIDENTIAL 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 project. The pro
Slide 15: Completed Projects: Salıpazarı Hotel Project
COMPLETED 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 leas
Slide 16: Ongoing Projects: Istanbul International Financial Center Halk Towers
ONGOING PROJECTS iSTANBUL INTERNATIONAL FINANCIAL CENTER «HALK TOWERS» 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 floo
Slide 17: 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 18: Financial Data
FINANCIAL DATA BALANCE SHEET (TL) 31.12.2017 30.06.2018 Current Assets 432,080,905 334,878,649 Liquid Assets 123,145,273 48,872,341 Inventories 252,004,404 243,768,390 01.01.2017 01.01.2018 INCOME STATEMENT (TL) 30.06.2017 30.06.2018 Non-Current Assets 1,944,852,835 2,063,566,725 Revenues 43,522,122
Slide 19: Distribution of Assets and Liabilities
DISTRIBUTION OF ASSETS AND LIABILITIES DISTRIBUTION OF ASSETS_TL DISTRIBUTION OF LIABILITIES_TL Buildings Lands&Projects Other Cash and Cash Equivalents Equities Deferred Income Financial Debts Other 2,398,445,374 2,376,933,740 2,398,445,374 2,376,933,740 2% 1% 1% 5% 10% 11% 8% 7% 10% 8% 49% 51% 79%
Slide 20: Balance Sheet Items
BALANCE SHEET ITEMS 1,000 TL Year to Date 2,376,933 2,425,043 2,398,445 Assets 0.91% 1,623,069 1,839,587 1,879,401 1,888,465 1,913,570 Equities 1.82% 1,431,263 1,630,195 1,527,802 1,330,651 2014 YE 2015 YE 2016 YE 2017 YE 2018 Q1 2018 Q2 252,121 202,943 YoY 107,264 Net Profit 71,17% 13,702 23,454 20
Slide 21: Income Statement Items
INCOME STATEMENT ITEMS TL 2017 Q1 2017 Q2 2018 Q1 2018 Q2 Total Revenues 21.398.418 22,123,704 18,280,039 82,899,922 Rent Income 13,246,226 12,614,809 14,276,659 14,240,299 Real Estate Sale Income 6,672,008 7,178,567 1,400,453 67,095,073 Financial Income 1,480,184 2,330,328 2,602,927 1,564,550 Cost
Slide 22: Distribution of Main Income Items
DISTRIBUTION OF MAIN INCOME ITEMS Rent Income 83,997,545 TL House Sale 1% Income 2% Financial Income Others 80% 22,443,209 TL 2% 10% 32% 56% 17% 2017 Q2 2018 Q2 21
Slide 23: Distribution of Main Expense Items
DISTRIBUTION OF MAIN EXPENSE ITEMS Cost of House Sales TL 60,543,512 Other Personnel 5% Expenses 1% 3% 3% Marketing & Selling Expenses Interest Expenses 88% TL 8,740,537 4% 6% 20% 24% 46% 2017 Q2 2018 Q2 22
Slide 24: 2018 Targets
2018 TARGETS To complete the marketing process of “Halk Office Şekerpınar” To open the gates of “Salıpazarı Building” as a hotel To start construction and sale of “İzmir Alsancak Project” To reach to ~ 11 % RoaA ratio 23
Slide 25: 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
Halk Gayrimenkul Yatırım Ortaklığı A.Ş. — Q2 2018 Earnings Presentation on 6ix