Is Yatirim Menkul Degerler As · BIST:ISMEN
Is Yatirim Menkul Degerler As — IS Investment (İş Yatırım Menkul Değerler A.Ş.) — FY2017 Earnings Presentation
20 slides from Is Yatirim Menkul Degerler As's earnings presentation, Feb 1, 2018
Slide 1: Performance & Financial Results – FY17
PERFORMANCE & FINANCIAL RESULTS – FY17 February 1, 2018 Investor Relations
Slide 2: Agenda: About Us
1 Performance & Financial About Us Results – FY17 Operational Performance Financial Results Investor Relations
Slide 3: About Us
About Us 2 Shareholder Structure Business Lines • Brokerage & Trading • Investment Advisory IS Bank & Free Float • Asset Management Group 28% Companies • Corporate Finance %72 • Research Ratings Subsidiaries IS Private Equity: (Share: 29.1%) (Ticker: ISGSY:TI) One of Turkey’s largest Private Equity
Slide 4: Agenda: Operational Performance
3 Performance & Financial About Us Results – FY17 Operational Performance Financial Results Investor Relations
Slide 5: Operational Performance: Equities – Borsa İstanbul
Operational Performance Equities –Borsa İstanbul 4 The market IS Investment 8,4% 9,0% 7,9% 7,9% Billions Trading Volume (TL bn) 7,7% 2.936 250 7,4% 8,0% 7,0% 200 2.052 6,0% 2.027 1.746 150 5,0% 1.634 4,0% 232 100 3,0% 151 160 137 135 2,0% 50 1,0% 0 0,0% '13 '14 '15 '16 '17 '13 '14 '15 '16 '17 Tradin
Slide 6: Operational Performance: Derivatives – Borsa İstanbul
Operational Performance Derivatives – Borsa İstanbul 5 The market IS Investment Trading Volume (TL bn) 1.660 300 16,0% 14,8% Billions 13,5% 14,0% 250 11,1% 11,4% 12,0% 1.135 1.161 200 8,8% 10,0% 869 827 150 8,0% 245 6,0% 100 4,0% 132 50 112 100 97 2,0% 0 0,0% '13 '14 '15 '16 '17 '13 '14 '15 '16 '17
Slide 7: Operational Performance: Primary Market Debt Securities Issuances
Operational Performance Primary market Debt Securities Issuances 6 Debt securities issuances Market IS Investment 1211 136 70 14 140 1200 116 112 60 12 120 760 113,4 1000 50 10 102 100 621 800 40 42,7 8 80 516 68,3 600 30 6 12,1 12,2 12,7 60 330 11,2 57 43,9 400 8,8 27 9,410,1 20 39,9 36,9 4 7,6 8,0
Slide 8: Operational Performance: Assets under Management
Operational Performance Assets under Management 7 The market IS Investment 40 Mutual Funds (TL bn) Market Shares Mutual Funds (TL bn) Pension Funds (TL bn) 35 Other Funds* (TL bn) Pension Funds (TL bn) 21% 30 55,7 11,7 25 48,5 11,3 20 37,7 19% 8,7 33,6 15 8,4 14,6 30,2 76,8 7,6 11,2 10 60,6 48,0 8,7
Slide 9: Equity Margin Trading – M&A Transactions
Operational Performance Equity Margin trading – M&A Transactions 8 Equity Margin Trading - IS Investment M&A Transactions closed in 2017 - IS Investment Our role as an Target Firm Sell Side Buy Side advisor 500 35,0% Balıkesir Şamlı Aksa Enerji Fernas Sell side 450 29,0% 30,0% Atik ve Ayres Rüzgar S
Slide 10: Agenda: Financial Results
9 Performance & Financial About Us Results – FY17 Operational Performance Financial Results Investor Relations
Slide 11: Financial Results: Consolidation Effect
Financial Results Consolidation Effect 10 Consolidated Net Profit = [IS Investment Non-consolidated Net Profit + Contributions from Subsidiaries] – Elimination Adjustments Net Profit (TL mn) FY16 FY17 YoY (%) IS Investment Non-consolidated Net Profit IS Investment Only 87,8 165,3 88 Foreign based su
Slide 12: Financial Results: Main Financial Figures
Financial Results Main Financial Figures 11 IS Investment - Consolidated FY16 FY17 YoY (%) (TL000) Total Assets 6,517,900 7,673,493 17,7 Shareholders' Equity 572,605 681,878 19,1 Net Profit 53,891 156,975 191 Mn TL 8.000 7.673 28% 25,2% 7.000 22,5% 6.518 24% 5.783 6.000 18,2% 5.355 20% 5.000 15,9%4.
Slide 13: Breakdown of Operating Revenues
Financial Results Breakdown of Operating Revenues 12 Breakdown of Revenues FY16 FY17 YoY (%) (TL 000) Interest and Trading Income 212,456 339,600 59,8 Commission Revenues (Net)* 226,491 238,508 5,3 Total Operating Revenues 438,947 578,108 31,7 * Including FX margin trading revenues Operating Revenue
Slide 14: Breakdown of Commissions
Financial Results Breakdown of Commissions 13 Commission Revenues FY16 FY17 YoY (%) (TL 000, net) Brokerage* 160,208 151,506 (5.4) Corporate Finance 25,164 32,969 31.0 Asset Management 38,362 52,118 35.9 Other Commissions 2,757 1,915 (30.5) Total 226,491 238,508 5.3 * Including FX margin trading rev
Slide 15: Breakdown of Operating Expenses
Financial Results Breakdown of Operating Expenses 14 Operating Expenses FY16 FY17 YoY (%) (TL 000) Marketing, Sales and Distribution Expenses 116,980 105,620 (9,7) General Administrative Expenses 235,517 238,734 1,4 Other Operating Expenses 3,327 3,633 9,2 Total 355,824 347,987 (2,2) Operating Expen
Slide 16: Dividend
Financial Results Dividend 15 Cash Dividend & Payout Ratio - ISMEN Dividend Yield - ISMEN 95% 12% 50 91% 10,6% 96% 45 88% 9,6% 9,5% 78% 10% 40 80% 8,2% 35 72% 8% 64% 6,3% 30 56% 25 36% 6% 30% 30% 30% 33% 30% 30% 48% 4,8% 47 45 4,1% 4,0% 4,1% 20 40% 36 4% 3,1% 15 32% 25 24% 10 20 20 20 2% 15 16% 5 13
Slide 17: Investor Relations
Investor Relations 16 Ms. Çağlan Mursaloğlu Deputy CEO Phone : +90 0212 350 23 48 Fax : +90 0212 350 20 01 The Investor Relations Department is responsible for the E-mail : cmursaloglu@isinvestment.com timely communication of necessary, accurate, complete, comprehensible and easily accessible inform
Slide 18: IS Investment
IS Investment 17 İş Kuleleri Kule-2 Kat:13 Fener Kalamış Cad. Tibaş Belvü Sitesi A2 Blok D:3 HEAD 34330 4. Levent ISTANBUL, TURKEY KALAMIŞ 34726 Fenerbahçe İSTANBUL, TURKEY OFFICE T: +90 212 350 20 00 BRANCH T: +90 216 542 72 00 F: +90 212 350 20 01 F: +90 216 542 72 01 Çınarlı Mah. Turhan Cemal Ber
Slide 19: Disclaimer
Disclaimer 18 The information in this report is prepared by “IS YATIRIM MENKUL DEGERLER A.S.” (IS Investment) and it is not to be construed as an offer or solicitation for the purchase or sale of any financial instrument or the provision of an offer to provide investment services. Information, opini
Slide 20: Performance & Financial Results – FY17
PERFORMANCE & FINANCIAL RESULTS – FY17 February 1, 2018 Investor Relations
IS Investment (İş Yatırım Menkul Değerler A.Ş.) — FY2017 Earnings Presentation on 6ix