Akis Gayrimenkul Yatirim Ortakligi A.s. · BIST:AKSGY

Akis Gayrimenkul Yatirim Ortakligi A.s — Akiş Gayrimenkul Yatırım Ortaklığı A.Ş. — Q1 2019 Earnings Presentation

12 slides from Akis Gayrimenkul Yatirim Ortakligi A.s's earnings presentation, May 2019

  1. Slide 1: Akiş REIT 1Q19 Performance Presentation – May'19

    Akiş REIT 1Q19 Performance Presentation – May’19 Akiş Gayrimenkul Yatırım Ortaklığı A.Ş. Akiş Real Estate Investment Trust 1

  2. Slide 2: Agenda

    Akiş REIT 1Q19 Performance Presentation – May’19 1 Breaking News 2 Portfolio Performance 3 Financials’ Overview Akiş Gayrimenkul Yatırım Ortaklığı A.Ş. Akiş Real Estate Investment Trust 2

  3. Slide 3: Breaking News

    Akiş REIT 1Q19 Performance Presentation – May’19 1 Breaking News  Akiş REIT shareholder structure has changed after the pass away of our main shareholder. The current shareholder structure is as follows: Akkök Holding A.Ş.; Others; 26,25% 14,66% Raif Ali Dinçkök; 14,08% European Bank for Reconstruc

  4. Slide 4: Portfolio Performance (Akasya Shopping Mall)

    Akiş REIT 1Q19 Performance Presentation – May’19 2 Portfolio Performance (Akasya Shopping Mall) Akiş Gayrimenkul Yatırım Ortaklığı A.Ş. Akiş Real Estate Investment Trust 4

  5. Slide 5: Akasya Shopping Mall – General Overview

    Akiş REIT 1Q19 Performance Presentation – May’19 Akasya Shopping Mall – General Overview Akasya Shopping Mall Turnover per Vistor rose by c.14% in 1Q19 (YoY) Akasya Shopping Mall Revenue Breakdown 1Q15 1Q16 1Q17 1Q18 1Q19 1Q15 1Q16 1Q17 1Q18 1Q19 Akasya Turnover Turnover per Visitor Rental Revenue R

  6. Slide 6: Akasya Shopping Mall – Financials

    Akiş REIT 1Q19 Performance Presentation – May’19 Akasya Shopping Mall – Financials Income yield Akasya Shopping Mall (US$mn) 2017 2018 1Q19 1Q18 1Q19 YoY Revenue 57,5 51,7 12,7 15,3 12,7 -17% EBITDA 46,0 41,9 10,4 12,6 10,4 -17% Latest Appraisal Value 631,0 632,0 551,8* Yield 7,30% 6,62% 7,19%  Aka

  7. Slide 7: Portfolio Performance (Akbatı Shopping Mall)

    Akiş REIT 1Q19 Performance Presentation – May’19 2 Portfolio Performance (Akbatı Shopping Mall) Akiş Gayrimenkul Yatırım Ortaklığı A.Ş. Akiş Real Estate Investment Trust 7

  8. Slide 8: Akbatı Shopping Mall – General Overview

    Akiş REIT 1Q19 Performance Presentation – May’19 Akbatı Shopping Mall – General Overview Akbatı Shopping Mall Turnover per Vistor rose by c.26% in 1Q19 (YoY) Akbatı Shopping Mall Revenue Breakdown 1Q15 1Q16 1Q17 1Q18 1Q19 1Q15 1Q16 1Q17 1Q18 1Q19 Akbatı Turnover Turnover per Visitor Rental Revenue R

  9. Slide 9: Akbatı Shopping Mall – Financials

    Akiş REIT 1Q19 Performance Presentation – May’19 Akbatı Shopping Mall – Financials Income yield Akbatı Shopping Mall (US$mn) 2017 2018 1Q19 1Q18 1Q19 YoY Revenue 23,2 22,0 5,3 6,1 5,3 -12% EBITDA 17,1 16,9 4,0 4,1 4,0 -2% Latest Appraisal Value 239,4 230,7 201,3* Yield 7,13% 7,31% 8,33%  Akbatı Sho

  10. Slide 10: Portfolio Performance (High Street Retail)

    Akiş REIT 1Q19 Performance Presentation – May’19 2 Portfolio Performance (High Street Retail) Uşaklıgil (Suadiye Beymen) Ak Apartmanı Erenköy Caddebostan Current Status Operational Completed Under Construction On Hold Est. Opening Date Sep' 17 Sep' 19 Sept' 20 Sept' 20 Usage Commercial Mix Commercia

  11. Slide 11: Financials' Overview (TLmn)

    Akiş REIT 1Q19 Performance Presentation – May’19 3 Financials’ Overview (TLmn) Net loss of 1Q19 is mainly due TL101mn net FX loss in 1Q19 EBITDA margin however continues to improve thanks to efficient cost control 77,0% 108,0 75,8% 92,1 73,9 61,6 68,4% 66,9% -18,7 -25,9 1Q18 1Q19 1Q18 1Q19 Revenues

  12. Slide 12: Communication

    Akiş REIT 1Q19 Performance Presentation – May’19 Communication Ozan Hançer Director Strategic Planning, Business Development and Investor Relations E-mail: ozan@akisgyo.com Telephone: +902123930100 Sercan Uzun, CFA Assistant Manager Investor Relations, Strategic Planning and Business Development E-m

Akiş Gayrimenkul Yatırım Ortaklığı A.Ş. — Q1 2019 Earnings Presentation on 6ix