Unlu Yatirim Holding A.s. · BIST:UNLU
Unlu Yatirim Holding A.s — ÜNLÜ Yatırım Holding A.Ş. — Q1 2024 Earnings Presentation
25 slides from Unlu Yatirim Holding A.s's earnings presentation, June 2024
Slide 1: ÜNLÜ Yatırım Holding A.Ş. 1Q24 Financial Results
ÜNLÜ Yatırım Holding A.Ş. 1Q24 Financial Results Investor Relations June 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 Q1 Financial Results: Key Takeaways 4 Financial Statements and Performance 5 Developments by Business Lines 12 Our Guidance for 2024 Year-end 17 Appendices About ÜNLÜ & Co 20 Shareholder Structure and Group Companies 21 Sustainability 22 Disclaimer 24 © 2024 ÜNLÜ & Co | All Rights Reserv
Slide 4: 1Q24 Results: Key Takeaways
1Q24 Results: Key Takeaways TL 71,5 mn Profit Before Tax TL 3,1 bln Important Themes 444% increase compared to lQ23 The first quarter of 2024 was a period in which Total Assets growth above inflation continued in terms of operational income. We expect the negative impact of inflation on financial st
Slide 5: Financial Statements and Performance
Financial Statements and Performance
Slide 6: ÜNLÜ Yatırım Holding A.Ş. as of end of 1Q24
ÜNLÜ Yatırım Holding A.Ş. as of end of 1Q24 ₺ 568,2 mn ₺ 24,3 mn 85% Core Revenues Net Profit Share of Recurring Revenues ₺ 3,1 bn ₺ 1,8 bn 37% Total Assets Shareholders’ Equity EBITDA Margin ₺ 31,5 bn ₺ 7,46 bn ₺ 219 mn ₺ 4,7 bn DAHA AuC (*) Investment Alternative NPL Portfolio (*): Assets Under Co
Slide 7: Financial Statements and Performance
Financial Statements and Performance In 1Q24, the Company’s Core Revenues (*) increased by 34% y/y and reached TL 568,2 mn. Comprehensive Income reached TL 71,5 mn (y/y 444%). Summary Income Statement (TL) 3M24 3M23 DYoY ? IAS 29 Impact Core operating revenues 568.2 425.0 34% Marketing, selling and
Slide 8: Financial Statements and Performance
Financial Statements and Performance As at the end of 1Q24; Total Revenues (*) at TL 551,2 mn, EBITDA at TL 205,8 mn, Net Profit at TL 24,3 mn. EBITDA Margin 37%, Profit Margin 4%, RoA 3%and RoE 6%. Operational profitability 3M24 3M23 D YoY Extended Revenues 551.2 452.8 22% In 2024 Q1, Extended Reve
Slide 9: Financial Statements and Performance
Financial Statements and Performance As at the end of 1Q24, consolidated assets are TL 3,1 bn and shareholders’ equity is TL 1,8 bn. Summary Balance Sheet (TL mn) 3M24 12M23 D YtD ? IAS 29 Impact Total Assets 3,129 3,111 0.6% Current Assets 2,329 2,436 -4.4% High Liquidity Effect => Liquidity was pr
Slide 10: Revenues by Business Line
Financial Statements and Performance 2018 2019 2020 Revenues from business lines reached TL 568 mn by the end of 1Q24 (y/y +34%). The admiral ship for the period was the NPL business line. Asset Management, Investment Advisory and Treasury’s contribution to revenues continued to increase. Revenues b
Slide 11: Revenues from NPL Business Line
Financial Statements and Performance Revenues from NPL Business Line (with and w/o IAS 29) 2018 2019 2020 (000 TL)* İstanbul Varlık Gelecek Varlık Birikim Varlık Collections 141.446 892.630 167.383 Net Profit 89.763 325.289 141.449 Net Profit Margin 63,5% 36,4% 84,5% Shareholder's Equity 380.013 1.9
Slide 12: Developments by Business Lines
Developments by Business Lines
Slide 13: NPL Business Line
1Q24 Financial Results (w/o IAS 29, financials submitted to BRSA were taken into account) NPL Business Line NPL Sector 1Q24 Collections: TL 141.4 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 1Q24: TL 5,1 bn, 1Q24 a
Slide 14: Corporate Finance Business Line
Corporate Finance Business Line M&A Transactions 1Q24 Revenues: TL 58.4 mn (y/y +17%) 1Q23 Revenues: TL 50 mn The necessary permissions/approvals for the closing of 1 transaction signed in the last quarter were completed and Corporate Finance Revenues the revenue was booked in the first quarter of t
Slide 15: Investment Advisory: DAHA and Fund Management
Investment Advisory: DAHA and Fund Management 1Q24 Revenues: TL 98.9 mn DAHA Thanks to our new mobile application «Piapiri», which we introduced in line with our DAHA: TL 85.8 mn (y/y -15%) Digitalization Strategy, our customer onboarding from digital channels accelerated and 83% of the accounts ope
Slide 16: Institutional Sales Business Line
Institutional Sales Business Line 1Q24 Revenues: TL 53.3 mn Performance of the Business Line Recurring Revenues : TL 23.8 mn (y/y -29%) In Q1 of 2024, Other Revenues (*) was TL 29.5 mn, while in Q1 of 2023, all revenues consisted of recurring revenues. Other Revenues(*): TL 29.5 mn (No “Other Revenu
Slide 17: Our Guidance for 2024 Year-end
Our Guidance for 2024 Year-end
Slide 18: Guidance for 2024 Year-end
Guidance for 2024 Year-end Goal and Projection Status as of end of Q1 2024 Year-end Target Extended Revenues TL 551.2 mn TL 2 bn TL 211.1 mn Operating Profit TL 800 mn Profit Before Monetary Loss TL 234.2 mn TL 900 mn We expect that Recurring Revenues’ share in our total income will be above 90% by
Slide 19: Appendices
Appendices
Slide 20: 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 21: ÜNLÜ & Co – Ownership and Group Structure
ÜNLÜ & Co – Ownership and Group Structure Mahmut L. ÜNLÜ PubliclyTraded Other 64,71% 34,14% 1,15% %100 %100 %32,5 %100 %4,75 %100 %100 %100 ÜNLÜ Turkish ÜNLÜ Ünlü LT Alternative Asset Alternative 212 Yazılım ve Investments ÜNLÜ Menkul ÜNLÜ Portföy İSTANBUL Management Teknoloji Varlık Investments LTD
Slide 22: 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 23: 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 24: 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 25: 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 25
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