Unlu Yatirim Holding A.s. · BIST:UNLU
Unlu Yatirim Holding A.s — ÜNLÜ Yatırım Holding A.Ş. — FY2022 Earnings Presentation
22 slides from Unlu Yatirim Holding A.s's earnings presentation, March 2023
Slide 1: 2022 Full Year Financial Results
ÜNLÜ Yatırım Holding A.Ş. 2022 Full Year Financial Results Mustafa Sönmez - Director of Investor Relations Gülden Akdemir - CFO Cansu Ökten - Finance and Reporting March 2023
Slide 2: Agenda
Agenda 2022 Full Year Financial Results: Key Takeaways 3 Financial Statements and Performance 4 Developments by Business Lines 11 Evaluation of 2022 Results 16 Appendices About ÜNLÜ & Co 19 Shareholder Structure and Group Companies 20 Social Responsibility and ÜNLÜ & Co 21 © 2023 ÜNLÜ & Co | Tüm Hak
Slide 3: 2022 Full Year Results: Key Takeaways
2022 Full Year Results: Key Takeaways 268,8 mn TL Net Profit (238% y/y) 45,6% Return on Equity(*) Comprehensive Income: 305 mn TL ( 166% y/y) Important Themes 2022 was a successful year in terms of 817,9 mn TL Revenues (**) operational income and profitability. 147% increase compared to last year 1.
Slide 4: Financial Statements and Performance
Financial Statements and Performance
Slide 5: ÜNLÜ Yatırım Holding A.Ş. as of end of 2022
ÜNLÜ Yatırım Holding A.Ş. as of end of 2022 692,5 mn TL 268,8 mn TL 88% Core Revenues Net Profit Share of Recurring Revenues [Q4: 102,2 - Q3: 81 mn TL] 1.716 mn TL 894 mn TL 49,1% Total Assets Shareholders’ Equity Q4 Return on Equity 14,7 bn TL 2,4 bn TL 336 mn TL 4,2 bn TL DAHA AuC (*) Investment A
Slide 6: Financial Statements and Performance
Financial Statements and Performance 2018 2019 2020 In 2022 the company’s Core Revenues (*) increased by 131% y/y and reached 692,5 mn TL. Comprehensive Income reached 305 mn TL (y/y 166%). Summary Income Statement (TL) 12M22 12M21 D YoY 4Q22 3Q22 D QoQ 4Q21 D QoY 12-TTM-22 9-TTM-22 D Trailing Core
Slide 7: Financial Statements and Performance
Financial Statements and Performance 2018 2019 2020 2022 total revenues (*) at 817,9 mn TL, EBITDA at 347,3 mn TL, net profit 268,8 mn TL (y/y 238%). In 2022 EBITDA Margin reached 42%, Profit Margin 33%, and RoE 37,2%. Operational profitability 12M22 12M21 DYoY 4Q22 3Q22 D QoQ 4Q21 D QoY 12-TTM-22 9
Slide 8: Financial Statements and Performance
Financial Statements and Performance 2018 2019 2020 Both revenues (*) and profitability reached historic highs on an annualized basis. Extended Operational Revenues Net Income 817,9 268,8 634,1 210,4 375,2 480,0 141,7 331,2 79,6 107,2 Net margin RoE 33,2% 32,9% 39,2% 28,6% 29,5% 34,6% 24,0% 27,1% 22
Slide 9: Financial Statements and Performance
Financial Statements and Performance As of the end of 2022, consolidated assets reached 1.716 mn TL (y/y +83%), financial leverage increased, shareholders’ equity reached 894 mn TL (y/y +47%). Summary Balance Sheet (mio TL) 12M22 12M21 D YoY 12M21 D YtD 9M22 D QoQ Total Assets 1.716 939 83% 939 83%
Slide 10: Financial Statements and Performance
Financial Statements and Performance Revenues from 4 main business lines reached 692,5 mn TL by the 2018 2019 end of 2022 2020 (y/y +131%). The admiral ship has been the NPL business line. Investment Advisory and DAHA’s contribution to revenues continued to increase in the last quarter. Revenues by
Slide 11: Developments by Business Lines
Developments by Business Lines
Slide 12: NPL Business Line
NPL Business Line NPL Sector 2022 Collections: 303 mn TL 2020 (Pandemic) :Total1,6 bn TL (principal) NPL sales 2021: 5,1 bn TL (Specifically second half of the year) NPL Busines Line Performance 2022: 6,2 bn TL Total investments in 2022: 18 mn TL Average selling price of NPLs in 2022: 18,2% (2021: 1
Slide 13: Corporate Finance Business Line
Corporate Finance Business Line The IPO of Hitit Bilgisayar was successfully completed. This IPO was the one in which foreign investors showed the most 2022 Revenues: 71,4 mn TL (y/y 75%) interest. 4Q22 Revenues: 30,2 mn TL Elba Bant Sanayi A.Ş.’s sale to the private equity fund Mediterra was comple
Slide 14: Investment Advisory: DAHA and Fund Management
Investment Advisory: DAHA and Fund Management DAHA 2022 Revenues: 152,3 mn TL As part of the Digital Transformation Project, our new mobile app Piapiri was launched. Video account opening project has been completed and Ünlü Menkul Değerler A.Ş. was DAHA: 142 mn TL (y/y +186%) among the first indepen
Slide 15: Institutional Sales Business Line
Institutional Sales Business Line 2022 Revenues: 86,6 mn TL Performance of the Business Line Institutional Sales revenue in 4Q22, increased by 43% compared to Recurring Revenues : 75,8 mn TL (y/y +166%) previous quarter and reached 32,1 mn TL. Diversity in business lines Other Revenues(*): 10,8 mn T
Slide 16: Evaluation of 2022 Results
Evaluation of 2022 Results
Slide 17: 2022 Targets and Full Year Results
2022 Targets and Full Year Results “Core revenues above 600 mn TL in 2022" Core revenues in 2022 increased by y/y 131% and exceeded expectations with a total of 692,5 mn TL.. “210 mn TL net profit” Net profit in 2022: 268,8 mn TL. All business lines contributed equally. “To increase the share of our
Slide 18: Appendices
Appendices
Slide 19: ÜNLÜ & Co – Pioneer in the Sector with its Entrepreneurial History
ÜNLÜ & Co – Pioneer in the Sector with its Entrepreneurial History 4 Major Business Lines: NPL, Investment Advisory, Corporate Finance and Institutional Sales Pioneering initiatives, Reputable Name DAHA #1 Turkey’s first independent M&A Corporate Finance advisory firm NPL and Investment M&A Advisory
Slide 20: ÜNLÜ Yatırım Holding A.Ş – Ownership and Group Structure
ÜNLÜ Yatırım Holding A.Ş – Ownership and Group Structure Mahmut L. ÜNLÜ The Wellcome Trust Ltd PubliclyTraded Other 64,71% 7,71% 26,43% 1,15% %100 %100 %32,5 %100 %4,75 %100 %100 %100 ÜNLÜ Turkish ÜNLÜ Ünlü LT İSTANBUL Alternative Asset Alternative 212 Teknoloji Investments ÜNLÜ Menkul ÜNLÜ Portföy
Slide 21: Social Responsibility
Social Responsibility ▪ ÜNLÜ & Co supports sustainable initiatives in order to create lasting impact and transformation in the following fields: Entrepreneurship, women and education. ▪ In addition to sponsorships, ÜNLÜ & Co employees are actively involved in social responsibility projects. They ded
Slide 22: Thank you
Thank you Ahi Evran Caddesi Polaris Plaza No: 21 Kat: 1 34485 Maslak, Sarıyer - İstanbul, Türkiye T : +90 (212) 367 36 36 | F : +90 (212) 346 10 40 | E : investor.relations@unluco.com Investor Relations © 2023 ÜNLÜ & Co | Tüm Hakları Saklıdır. 22
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