Is Gayrimenkul Yatirim Ortakligi A.s. · BIST:ISGYO

Is Gayrimenkul Yatirim Ortakligi A.s — İş Gayrimenkul Yatırım Ortaklığı A.Ş. (İş GYO) — Investor Presentation (March 2019)

27 slides from Is Gayrimenkul Yatirim Ortakligi A.s's investor presentation, Mar 31, 2019

  1. Slide 1: İş GYO

    IS G¥O

  2. Slide 2: İş Real Estate Investment Company 31.03.2019

    IS REAL ESTATE INVESTMENT COMPANY 31.03.2019

  3. Slide 3: ISGYO

    ISGYO  Established in 1999, by the strategic partnership of Isbank. As of 31.03.2019;  Total asset size; TL 5.212 mn.  Mcap TL 901 mn representing 4,8% of the sector. Sector Mcap Ownership breakdown of the Capital Other REIC's TL 17.779 IS REIC mn TL 901 mn Sector Mcap 1 TL 18.680 mn

  4. Slide 4: Why ISGYO?

    WHY ISGYO?

  5. Slide 5: Why ISGYO?

    Why ISGYO?  Diversified real estate portfolio  Balanced exposure in office, retail and residential sector  Office 56%, retail 24% and projects 9%  Solid & growing rental income  ~TL 60 mn rental income for Q1-2019.  Financially strong tenants & long-term leases  58% of the rental income comes

  6. Slide 6: ISGYO Portfolio

    ISGYO PORTFOLIO isgyo.com.tr

  7. Slide 7: Real Estate Portfolio Breakdown

    Real Estate Portfolio Breakdown Real Estate Portfolio TL mn Office 2.737 Retail 1.171 Projects 453 Inventories* 284 Land 226 Hotel 27 TOTAL 4.898 *Inventories include offices and residential units on sale in Ege Perla and residentials on sale in Manzara Adalar. **11% of the real estate portfolio is

  8. Slide 8: Rent Generating Assets

    RENT GENERATING ASSETS \ at isgyo.com.tr

  9. Slide 9: Office Portfolio

    Office Portfolio İş İş TUTOM Towers Towers Tuzla  Represent 82% of the total office Office investments. (TL 2.238 mn) Tower 2 Tower 3  Represent 95% of the total office Q1 Rental TL 23,2 TL 6,3 TL 1,3 TL 6 mn rental income. (TL 37 mn) income mn mn mn Appraisal TL 1.077 TL 455 TL 445 TL 261 Value m

  10. Slide 10: Retail Portfolio

    Retail Portfolio Marmara Kanyon Ege Perla Shopping Shopping Park  Represent 87% of the total retail Shopping Center Center Center investments. (TL 1.015 mn)  Represent 92% of the total retail rental Q1 Rental income. (TL 17 mn) TL 10 mn TL 1,4 mn TL 5,8 mn income  Kanyon represents 53% of the tot

  11. Slide 11: Projects Under Development

    PROJECTS UNDER DEVELOPMENT isgyo.com.tr

  12. Slide 12: İnistanbul Residential Project

    İnistanbul Residential Project Location : Topkapı, Istanbul Investment model: A joint venture between İş GYO and NEF (50-50%) Total development cost* : TL1,2 bn Total saleable area*: ≈ 250.000 sqm Designed by Income Projection Number of units = 2.724** Total sales revenues* : TL 1,6 bn Presales rati

  13. Slide 13: İstanbul Financial Center Project (IFC)

    İstanbul Financial Center Project (IFC) Location : Atasehir, Istanbul Project type : A mixed use project (office & commercial) Estimated development cost: TL270-280 mn Estimated saleable/leasable area : ≈ 33.000 sqm Income Projection Estimated rental Income : TL 45-50 mn *Designed by 7

  14. Slide 14: Pipeline Projects

    PIPELINE PROJECTS © +c ey 9 mn et Ye) Ma Co isgyo.com.tr

  15. Slide 15: Kadıköy Hotel Project

    Kadıköy Hotel Project ~𝟐 km ~𝟏𝟎𝟎𝐦𝐭 Tepe Nautilus ~𝟖𝟎𝟎𝐦𝐭 Location : Kadikoy, Istanbul Acquisition date: December, 2016 Project Land Area: 8.293 sqm Investment Model: ISGYO has 45% share in the project 8 Project type: Hotel and commercial area

  16. Slide 16: Tuzla Residential Project

    Tuzla Residential Project ~𝟐 km ~𝟖𝟎𝟎𝐦𝐭 Location : Tuzla, Istanbul Acquisition date: January, 2016 Project Land Area: 53.460 sqm (*) The project has been postponed due to the current conjuncture. 9

  17. Slide 17: Dividend Payout

    DIVIDEND PAYOUT isgyo.com.tr

  18. Slide 18: Dividend Payout

    Dividend Payout • ISGYO’s policy(*): “dividend must be at least 30% of the total distributable income in the form of cash or bonus share”.  In the last 15 year period, except for 2006 & 2018, ISGYO distributed cash dividend to shareholders.  ISGYO trades on BIST Dividend Index and BIST Dividend-25

  19. Slide 19: Debt & Cash Position

    DEBT & CASH POSITION isgyo.com.tr

  20. Slide 20: Debt & Cash Position

    Debt & Cash Position Outstanding Loan Original Amount TL Outstanding Loan Bank Loans mn Date to Maturity TL mn Euro loan 4,9 € 2 years 30,9 Dolar Loan $45,6 5 years 256,7 TL Loans 536,1 2-3 years 536,1 Total 823,7 Bonds Original Amount Date to Maturity Bonds 498,1 1-2 years 30% Total 498,1 70% Cash,

  21. Slide 21: Financials

    # Financials”

  22. Slide 22: Balance Sheet

    Balance Sheet TL, mn 31.03.2019 31.12.2018 % Change ASSETS 5.212,4 5.222,3 -0,2% Current Assets 744,9 752,7 -1,0% Long-term Assets 4.467,5 4.469,6 0,0% LIABILITIES 5.212,4 5.222,3 -0,2% Short-term Liabilities 1.028,3 1.091,6 -5,8% Long-term Liabilities 633,5 573,8 10,4% Shareholders' Equity 3.550,7

  23. Slide 23: Income Statement

    Income Statement Financials (TL, mn) Jan.-Mar. 2019 Jan.-Mar. 2018 Sales Revenue 76,6 60,6 Cost of Sales -25,3 -21,2 Gross Profit/Losses 51,2 39,5 General Administrative Expenses -7,0 -7,1 Marketing, Sales and Distribution Expenses -4,1 -4,7 Other Operating Income 1,2 1,6 EBIT 41,3 29,3 Net Period I

  24. Slide 24: Stock Performance

    STOCK PERFORMANCE isgyo.com.tr

  25. Slide 25: Stock Price vs. Index Performance

    Stock Price vs. Index Performance Stock Price & Index Performance (% ) 2019 Jan-Mar. 2018 BIST 100 2,8 -20,9 XGMYO 2,5 -35,5 ISGYO -13,0 -11,7 14

  26. Slide 26: Trade Volume

    Trade Volume Avr. Trade Vol. 2019 2019 TL mn) P/BV ISGYO 4,1 0,25 15

  27. Slide 27: Investor Relations

    Investor Relations Ayşegül Şahin Kocameşe Head Financial Reporting & Investor Relations Phone : +90 850 724 23 50 E-mail : aysegul.sahin@isgyo.com.tr This presentation has been prepared in order to inform Mine Kurt Yıldırım investors. Assistant Manager Investor Relations Since the presentation has b

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