Unlu Yatirim Holding A.s. · BIST:UNLU
Unlu Yatirim Holding A.s — ÜNLÜ Yatırım Holding A.Ş. — H1 2024 Earnings Presentation
33 slides from Unlu Yatirim Holding A.s's earnings presentation, September 2024
Slide 1: ÜNLÜ Yatırım Holding A.Ş. 1H24 Financial Results
ÜNLÜ Yatırım Holding A.Ş. 1H24 Financial Results Investor Relations September 2024
Slide 2: Disclaimer on IAS 29
Disclaimer on IAS 29 With its decision dated 28.12.2023 numbered 81/1820, Capital Markets Board (“CMB”) of Türkiye announced that the issuers and capital market institutions which are subject to the financial reporting regulations of the Capital Markets Board shall prepare their annual financial sta
Slide 3: Agenda
Agenda 2024 H1 Financial Results: Key Takeaways 4 Financial Statements and Performance 5 Developments by Business Lines 12 Evaluation of 1H24 Results with Previously Shared 2024 Year-end Guidance 17 Appendices IAS 29 Impact 20 About ÜNLÜ & Co 28 Shareholder Structure and Group Companies 29 Sustainab
Slide 4: 1H24 Results: Key Takeaways
1H24 Results: Key Takeaways TL 107,7 mn Profit Before Tax TL 3,45 bln 49% decrease compared to lH23 Important Themes Total Assets The first half of 2024 was a period in which growth above inflation continued in terms of operational income. We expect the negative TL 38,7 mn impact of inflation on fin
Slide 5: Financial Statements and Performance
Financial Statements and Performance
Slide 6: ÜNLÜ Yatırım Holding A.Ş. as of end of 1H24
ÜNLÜ Yatırım Holding A.Ş. as of end of 1H24 ₺ 1,13 bn ₺ 38,7 mn 89% Core Revenues Net Profit Share of Recurring Revenues ₺ 3,45 bn ₺ 1,97 bn 41% Total Assets Shareholders’ Equity EBITDA Margin ₺ 30,5 bn ₺ 8,26 bn ₺ 220 mn ₺ 4,7 bn DAHA AuC (*) Investment Alternative NPL Portfolio (*): Assets Under C
Slide 7: Financial Statements and Performance
Financial Statements and Performance In 1H24, the Company’s Core Revenues (*) increased by 24% y/y and exceeded TL 1,12 bn. Comprehensive Income reached TL 107.7 mn (y/y -49%). Summary Income Statement (TL) 6M24 6M23 DYoY ? IAS 29 Impact Core operating revenues 1,125.0 910.1 24% Marketing, selling a
Slide 8: Financial Statements and Performance
Financial Statements and Performance As at the end of 1H24; Total Revenues (*) at TL 1.21 bn, EBITDA at TL 493.6 mn, Net Profit at TL 38.7 mn. EBITDA Margin 41%, Profit Margin 3%, RoA 2%and RoE 4%. Operational profitability 6M24 6M23 D YoY Extended Revenues 1,212.0 1,103.8 10% In 2024 H1, Extended R
Slide 9: Financial Statements and Performance
Financial Statements and Performance As at the end of 1H24, consolidated assets are TL 3,45 bn and shareholders’ equity is TL 1,97 bn. Summary Balance Sheet (TL mn) 6M24 12M23 D YtD Total Assets 3,449 3,372 2.3% Current Assets 2,499 2,640 -5.3% Fixed Assets 950 732 29.8% ? IAS 29 Impact Liabilities
Slide 10: Financial Statements and Performance
Financial Statements and Performance 2018 2019 2020 Revenues from business lines reached TL 1,12 mn by the end of 1H24 (y/y +24%). The admiral ship for the period was the NPL business line. Asset Management, Institutional Sales and Treasury’s contribution to revenues continued to increase. Revenues
Slide 11: Financial Statements and Performance
Financial Statements and Performance Revenues from NPL Business Line (with and w/o IAS 29) 2018 2019 2020 (000 TL)* İstanbul Varlık Gelecek Varlık Emir Varlık Birikim Varlık Collections 280,797 1,821,307 459,827 323,508 Net Profit 182,917 569,652 105,535 178,696 Net Profit Margin 65.1% 31.3% 23.0% 5
Slide 12: Developments by Business Lines
Developments by Business Lines
Slide 13: NPL Business Line
1H24 Financial Results (w/o IAS 29, financials submitted to BRSA were taken into account) NPL Business Line NPL Sector 1H24 Collections: TL 280.8 mn 2021: TL 5,1 bn NPL sales 2022: TL 6,3 bn NPL Business Line Performance 2023: TL 12,2 bn Total investments in 2024: TL 135.2 mn 1H24: TL 13,3 bn, 1H24
Slide 14: Corporate Finance Business Line
Corporate Finance Business Line 1H24 Revenues: TL 61.3 mn (y/y -23%) M&A Transactions 1H23 Revenues: TL 79.7 mn Following the receipt of necessary permissions/approvals for the closing of 1 transaction signed in the second quarter, Corporate Finance Revenues related revenue will be booked in the thi
Slide 15: Investment Advisory: DAHA and Fund Management
Investment Advisory: DAHA and Fund Management 1H24 Revenues: TL 207.1 mn DAHA Thanks to our new mobile application «Piapiri», which we introduced in line with our DAHA: TL 173.7 mn (y/y -14%) Digitalization Strategy, our customer onboarding from digital channels accelerated and 90.09% of the account
Slide 16: Institutional Sales Business Line
Institutional Sales Business Line Performance of the Business Line 1H24 Revenues: TL 131 mn In H1 of 2024, Other Revenues (*) was TL 64.3 mn, while Recurring Revenues : TL 67 mn (y/y -15%) in H1 of 2023 it was TL 2.7 mn Other Revenues(*): TL 64.3 mn (1H2023: TL 2.7 mn) IS Revenues Sector Development
Slide 17: Evaluation of 1H24 Results with Previously Shared 2024 Year-end Guidance
Evaluation of 1H24 Results with Previously Shared 2024 Year-end Guidance
Slide 18: Evaluation of 1H24 Results with Previously Shared 2024 Year-end Guidance
Evaluation of 1H24 Results with Previously Shared 2024 Year-end Guidance Goal and Projection Status as of end of H1 2024 Year-end Target Extended Revenues TL 1.212 mn TL 2 bn TL 384.1 mn Operating Profit TL 800 mn Profit Before Monetary Loss TL 388.6 mn TL 900 mn We expect that Recurring Revenues’ s
Slide 19: Appendices
Appendices
Slide 20: IAS 29 Impact (Comparative Tables)
IAS 29 Impact (Comparative Tables)
Slide 21: IAS 29 Impact
IAS 29 Impact 2018 2019 2020 w/o IAS 29 w/ IAS 29 Source: Information without IAS 29 prepared within the scope of management reporting and information with IAS 29 based on limited independent audit. © 2024 ÜNLÜ & Co | All Rights Reserved 21
Slide 22: IAS 29 Impact
IAS 29 Impact 2018 2019 2020 w/o IAS 29 w/ IAS 29 Source: Information without IAS 29 prepared within the scope of management reporting and information with IAS 29 based on limited independent audit. © 2024 ÜNLÜ & Co | All Rights Reserved 22
Slide 23: IAS 29 Impact
IAS 29 Impact 2018 2019 2020 w/o IAS 29 w/ IAS 29 Source: Information without IAS 29 prepared within the scope of management reporting and information with IAS 29 based on limited independent audit. © 2024 ÜNLÜ & Co | All Rights Reserved 23
Slide 24: IAS 29 Impact
IAS 29 Impact 2018 2019 2020 w/o IAS 29 w/ IAS 29 Source: Information without IAS 29 prepared within the scope of management reporting and information with IAS 29 based on limited independent audit. © 2024 ÜNLÜ & Co | All Rights Reserved 24
Slide 25: IAS 29 Impact
IAS 29 Impact 2018 2019 2020 w/o IAS 29 w/ IAS 29 Source: Information without IAS 29 prepared within the scope of management reporting and information with IAS 29 based on limited independent audit. © 2024 ÜNLÜ & Co | All Rights Reserved 25
Slide 26: IAS 29 Impact
IAS 29 Impact 2018 2019 2020 w/o IAS 29 w/ IAS 29 Source: Information without IAS 29 prepared within the scope of management reporting and information with IAS 29 based on limited independent audit. © 2024 ÜNLÜ & Co | All Rights Reserved 26
Slide 27: IAS 29 Impact
IAS 29 Impact 2018 2019 2020 w/o IAS 29 w/ IAS 29 Revenues by Business Line (TL mn) 6A24 6A23 D YoY Revenues by Business Line (TL mn) 6A24 6A23 D YoY Corporate Finance 57.6 43.9 31% Corporate Finance 61.3 79.7 -23% M&A 31.1 43.9 -29% M&A 33.1 79.7 -58% ECM and DCM 26.5 0.0 ECM and DCM 28.2 0.0 I
Slide 28: 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 29: ÜNLÜ & Co – Ownership and Group Structure
ÜNLÜ & Co – Ownership and Group Structure Mahmut L. ÜNLÜ Publicly Traded Other 64,71% 34,14% 1,15% %100 %32,5 %4,75 %100 %100 %100 %100 %100 Turkish Ünlü LT ÜNLÜ İSTANBUL ÜNLÜ Alternative Investments ÜNLÜ Menkul ÜNLÜ Portföy Bilişim 212 LTD Varlık Teknoloji Investments Limited Değerler A.Ş. Yönetimi
Slide 30: ÜNLÜ & Co – Sustainability
ÜNLÜ & Co – Sustainability ÜNLÜ & Co initiated preparations for a corporate transformation journey towards sustainability in the final quarter of 2023. With a cradle-to-cradle approach, the Company aims to develop a roadmap to align its operational and organizational processes with the global sustai
Slide 31: ÜNLÜ & Co – Sustainability
ÜNLÜ & Co – Sustainability ÜNLÜ & Co’s ÜNLÜ & Co’s Key NGO and Key Awards Association Alliances CX Awards - 2024 5th Digital CEO and Leaders Summit - 2023 "Best Digital Customer Experience" Financial Inspiring and Value-Adding 10 Women Institution Award - Piapiri Executives %30 Club - 10th Turkey Wo
Slide 32: Disclaimer
Disclaimer This presentation or report has been prepared by ÜNLÜ Yatırım Holding A.Ş. and its affiliates («ÜNLÜ & Co») for information purposes and the information in its content must be considered strictly confidential. It cannot be partially or completely reproduced, copied, used for any other pur
Slide 33: Thank you
Thank you Ahi Evran Cad. Polaris Plaza No: 21 İç Kapı No: 11 34485 Maslak, Sarıyer - İstanbul, Türkiye T : +90 (212) 367 36 36 | F : +90 (212) 346 10 40 | E : investor.relations@unluco.com Investor Relations © 2024 ÜNLÜ & Co | All Rights Reserved 33
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