Halk Gayrimenkul Yatirim Ortakligi As · BIST:HLGYO
Halk Gayrimenkul Yatirim Ortakligi As — Halk Gayrimenkul Yatırım Ortaklığı A.Ş. (Halk GYO) — Q3 2023 Earnings Presentation
27 slides from Halk Gayrimenkul Yatirim Ortakligi As's earnings presentation, 2023
Slide 1: Investor Presentation 2023 Q3
INVESTOR PRESENTATION 2023 Q3
Slide 2: About Halk GYO
1 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 September 30, 2023; Halk
Slide 3: Real Estate Portfolio Distribution
2 REAL ESTATE DISTRIBUTION OF PORTFOLIO PORTFOLIO TL 15.9 Billion Buildings 29% TL 492.5 Million Projects & Lands 71% September 2023 Establishment Investor Relations
Slide 4: Real Estate Portfolio Regional Dispersal
3 REAL ESTATE PORTFOLIO İstanbul «Salıpazarı Hotel» REGIONAL DISPERSAL «Beykoz Lands» İstanbul İstanbul “Bizimtepe Aydos” “Levent Hotel” İstanbul Financial Center «Paye Sakarya» «Halk Towers» Kocaeli İstanbul “Şekerpınar Office Buildings” “Referans Bakırköy» Kocaeli “Dilovası Modern Industrial Park”
Slide 5: Real Estate Portfolio
4 REAL ESTATE PORTFOLIO 1 It is the value of our Company's share from LANDS Current Status Value (TL) Antalya Land Land (empty) - 440,146,000 the current value of the project determined Beykoz Land Land (empty) - 161,000,000 as of the end of 2022. It is not included in İstanbul Salıpazarı Land Land
Slide 6: Rental Income Ratios
5 RENTAL INCOME RATIOS 6.7% 6.5% 7.0% 6.5% 6.3% 6,6% 6,0% 5,5% Rent 5,0% Income/ Last Appraisal 3,2% Value of Leased Buildings 2014 2015 2016 2017 2018 2019 2020 2021 *2022 2023 Q3 *Due to the increase in appraisal values as a result of the year-end valuation process, a decrease was recorded in the
Slide 7: Completed Projects: Ataşehir Finance Tower
6 COMPLETED PROJECTS ATAŞEHİR FINANCE TOWER In 2012, we acquired this 23-floor class A office tower located near the İstanbul 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 areas to İstanbu
Slide 8: Completed Projects: Referans Bakırköy
7 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
Slide 9: Completed Projects: İstanbul Levent Hotel
8 COMPLETED PROJECTS İSTANBUL LEVENT HOTEL İstanbul 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. Levent Hotel been opened since July, 2015. The project is aimed to be an environmentally fr
Slide 10: Completed Projects: Eskişehir Panorama Plus
9 COMPLETED PROJECTS ESKİŞEHİR PANORAMA PLUS 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. The Project was completed in 2015 and all of the project was sold. Panorama Plus is the first p
Slide 11: Completed Projects: Şekerpınar Banking Center
10 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. Project was completed in 2015 and leased in April of the same year. Center is aimed to be an envi
Slide 12: Completed Projects: Halk Office Şekerpınar
11 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. Halk Office Şekerpınar was sold in May 2023 for a price of TL 210.000.000 + VAT. Real Estate Information City
Slide 13: Completed Projects: Bizimtepe Aydos
12 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 comprises 1085 independent units
Slide 14: Completed Projects: Şehristan Residential
13 COMPLETED PROJECTS ŞEHRİSTAN RESIDENTIAL The land in Erzurum/Yakutiye, of which prior proprietor was Er Konut, added into portfolio to develop a residential Project in April 2016. The project, developed through Halk GYO-Er Konut “Ordinary Partnership” land of approximately 24k sqm, comprises 13 b
Slide 15: Completed Projects: Salıpazarı Hotel
14 COMPLETED PROJECTS SALIPAZARI HOTEL Following the completion of the renovation, Salıpazarı Building started to serve as a hotel in 2018. Real Estate Information City : İstanbul District : Beyoğlu / Salıpazarı Appraisal Value : TL 403 million Rent Value (9 months) : TL 15.2 million Investor Relati
Slide 16: Ongoing Projects: İstanbul Financial Center Halk Towers
15 ONGOING PROJECTS iSTANBUL FINANCIAL CENTER «HALK TOWERS» Our company, as one of the biggest stakeholders of the Istanbul Finance Center (IFM) project carried out under the coordination of the Ministry of Environment, Urbanization and Climate Change, is building two towers with 46 (A Block) and 34
Slide 17: Ongoing Projects: Evora İzmir
16 ONGOING PROJECTS EVORA İZMİR “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. İn 2017,
Slide 18: Ongoing Projects: Dilovası Modern Industrial Park
17 ONGOING PROJECTS DİLOVASI MODERN INDUSTRIAL PARK In September 2022, The building construction licenses were obtained for the project, which was realized as a result of the revenue sharing agreement in return for land sales at the rate of 47% (Marmara Metal) - 53% (Halk Yapı - our company's 100% s
Slide 19: Ongoing Projects: Paye Sakarya
18 ONGOING PROJECTS PAYE SAKARYA Paye Sakarya Project, which was implemented within the framework of the "Cooperation Protocol" signed in December 2021 between the Company and other 3rd parties, consists of 426 residences and 34 commercial units of different scales on a total land of 60,000 sqm. Our
Slide 20: Financial Data
19 FINANCIAL DATA TL – BALANCE SHEET 31.12.2022 30.09.2023 01.01.2022 01.01.2023 INCOME STATEMENT -TL 30.09.2022 30.09.2023 Current Assets 1,210,061,740 2,225,050,041 Liquid Assets 474,985,625 276,165,533 Revenues 121,221,592 1,018,356,159 Inventories 494,353,308 1,446,172,076 Revenues from the sale
Slide 21: Distribution of Assets and Liabilities
20 DISTRIBUTION OF ASSETS AND LIABILITIES DISTRIBUTION OF ASSETS TL DISTRIBUTION OF LIABILITIES TL Buildings Lands & Projects Cash and Cash Equivalents Other Equities Deferred Income Financial Debts Other 14,307,529,731 16,743,320,527 14,307,529,731 17,743,320,527 %68 %64 %73 %56 %34 %9 %12 %12 %18
Slide 22: Balance Sheet Items
21 BALANCE SHEET ITEMS YOY Million TL Assets %24 17.743 Equities %16 14.307 12.110 10.433 2.632 3.039 3.514 4.578 1.623 1.839 2.376 3.300 1.431 2.261 2.578 2.926 1.527 1.630 1.879 1.330 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Q3 Million TL Net Profit 3.281 1.703 48 31 27 2019 Q3 2020 Q3 20
Slide 23: Income Statement Items
22 INCOME STATEMENT ITEMS TL 2021 January - September 2022 January - September 2023 January - September Revenue 76,938,655 121,221,592 1,018,356,159 Revenues from sale the of investment properties 29,392,373 24,196,571 560,000,000 Rent Income 40,291,110 77,666,464 324,100,098 Project Consultancy Inc
Slide 24: Distribution of Main Income Items
23 DISTRIBUTION OF MAIN INCOME ITEMS Increase in Value of Investment 3,358,992,374 TL 2,621,046,394 TL Properties Yatırım Amaçlı Gayrimenkul 3% 1% 2% Satışından Gelirler 2% 1% 12% Rent Income Financial Income 96% 22% 61% Project Consultancy Income Others 2022 Q3 2023 Q3 Investor Relations
Slide 25: Distribution of Main Expense Items
24 DISTRIBUTION OF MAIN EXPENSE ITEMS TL 77,099,460 TL 917,787,077 Cost of House/ Real Estate Sales General 21% Administrative 35% 31% Expenses 55% 7% Marketing & Selling Expenses 4% Financial 6% 31% 7% Expenses 3% Other 2022 Q3 2023 Q3 Investor Relations
Slide 26: 2023 Target
25 2023 TARGET To reach to ~ 10% ROaA ratio Investor Relations
Slide 27: For Further Information Please Contact; Disclaimer
26 For further information please contact; Investor Relations ir@halkgyo.com.tr 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 presentation has been obt
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