Akis Gayrimenkul Yatirim Ortakligi A.s. · BIST:AKSGY
Akis Gayrimenkul Yatirim Ortakligi A.s — Akiş Gayrimenkul Yatırım Ortaklığı A.Ş. — Q4 2024 Earnings Presentation
14 slides from Akis Gayrimenkul Yatirim Ortakligi A.s's earnings presentation, March 2025
Slide 1: Akiş REIT 4Q24 Performance Presentation
AKİŞ REIT 4Q24 PERFORMANCE PRESENTATION Ma r c h 2 0 2 5
Slide 2: Agenda
Agenda ➢ Akasya Shopping Mall ➢ 2024 – 4th Quarter Overview ➢ 2024 – Financial Year Overview ➢ Financials ➢ Akbatı Shopping Mall ➢ 2024 – 4th Quarter Overview ➢ 2024 – Financial Year Overview ➢ Financials ➢ Financial Outlook ➢ Contacts Performance Presentation – 4Q 2024 Akiş Gayrimenkul Yatırım Orta
Slide 3: Akasya Shopping Mall
Akasya Shopping Mall Performance Presentation – 4Q 2024 Akiş Gayrimenkul Yatırım Ortaklığı A.Ş. 3 Akiş Real Estate Investment Trust
Slide 4: Akasya Shopping Mall 2024 – 4Q Overview
Akasya Shopping Mall 2024 – 4Q Overview Akasya Shopping Mall Turnover per sqm* (YoY) Akasya Shopping Mall Revenue Breakdown The increase in store turnovers due to high inflation is raising both turnover-based revenues in Turnover per square meter increased by 54% compared to the same period in 2023.
Slide 5: Akasya Shopping Mall 2024 – FY Overview
Akasya Shopping Mall 2024 – FY Overview Akasya Shopping Mall Turnover per sqm* (YoY) Akasya Shopping Mall Revenue Breakdown The increase in store turnovers due to high inflation is raising both turnover-based revenues in Turnover per square meter increased by 68% compared to the same period in 2023.
Slide 6: Akasya Shopping Mall - Financials
Akasya Shopping Mall - Financials IAS29 Applied (TLmn) 2023 2024 YoY Akasya Shopping Mall Revenue 1.904,8 2.065,4 8% Net Operational Income 1.562,2 1.686,2 8% 2024 Year End EBITDA 1.576,0 1.700,1 8% EBITDA Margin 82,7% 82,4% Compared with 2023-YE * The year-end figures for 2023 and 2024 have been in
Slide 7: Akbatı Shopping Mall
Akbatı Shopping Mall Performance Presentation – 4Q 2024 Akiş Gayrimenkul Yatırım Ortaklığı A.Ş. 7 Akiş Real Estate Investment Trust
Slide 8: Akbatı Shopping Mall 2024 – 4Q Overview
Akbatı Shopping Mall 2024 – 4Q Overview Akbatı Shopping Mall Turnover per sqm* (YoY) Akbatı Shopping Mall Revenue Breakdown The increase in store turnovers due to high inflation is raising both turnover-based revenues in Turnover per square meter increased by 52% compared to the same period in 2023.
Slide 9: Akbatı Shopping Mall 2024 – FY Overview
Akbatı Shopping Mall 2024 – FY Overview Akbatı Shopping Mall Turnover per sqm* (YoY) Akbatı Shopping Mall Revenue Breakdown The increase in store turnovers due to high inflation is raising both turnover-based revenues in nominal Turnover per square meter increased by 65% compared to the same period
Slide 10: Akbatı Shopping Mall - Financials
Akbatı Shopping Mall - Financials IAS29 Applied (TLmn) 2023 2024 YoY Akbatı Shopping Mall Revenue 878,7 904,6 3,0% Net Operational Income 671,1 673,7 0,4% 2024 Year End EBITDA 676,3 679,5 0,5% EBITDA Margin 77,0% 75,1% Compared with 2023-YE * The year-end figures for 2023 and 2024 have been indexed
Slide 11: Financial Outlook
Financial Outlook Performance Presentation – 4Q 2024 Akiş Gayrimenkul Yatırım Ortaklığı A.Ş. 11 Akiş Real Estate Investment Trust
Slide 12: Financial Outlook
Financial Outlook Considering figures without inflation accounting • Based on the increasing occupancy rates and the rise in turnover and rental figures in line with high inflation, revenues increased by +43% YoY, while EBITDA rose by +42%. • The reason behind the +51% increase in the net profit fig
Slide 13: Financial Outlook
Financial Outlook Our net debt level as of the end of December 2024 is US$35mn, with an average gross debt maturity of 0.75 years. Our short FX position reached US$34,8mn as of December 2024. Net Debt / EBITDA (IAS29 applied) Net Debt / EBITDA (IAS29 not applied) 1,31x 1,48x 0,54x 0,62x 2023 2024 20
Slide 14: Contacts
Contacts • Şiar Keskin Investments and Strategy Executive Strategy, Investments and Sustainability Department E-mail: siar.keskin@akisgyo.com • Pelin Ferel Business Development, Sustainability and Management System Senior Specialist Strategy, Investments and Sustainability Department E-mail: pelin.f
Akiş Gayrimenkul Yatırım Ortaklığı A.Ş. — Q4 2024 Earnings Presentation on 6ix