Is Gayrimenkul Yatirim Ortakligi A.s. · BIST:ISGYO
Is Gayrimenkul Yatirim Ortakligi A.s — İş Gayrimenkul Yatırım Ortaklığı A.Ş. (İş REIC) — Investor Presentation (June 2023)
24 slides from Is Gayrimenkul Yatirim Ortakligi A.s's investor presentation, Jun 30, 2023
Slide 1: isgyo.com.tr
isgyo.com.tr Sınıflandırma: GENEL | Classification: PUBLIC
Slide 2: Investor Presentation 30.06.2023
INVESTOR PRESENTATION 30.06.2023 Sınıflandırma: GENEL | Classification: PUBLIC
Slide 3: About İş REIC
About İş REIC IS REIC was established in 1999, by the strategic partnership of Isbank. • Mcap 10.201 mn TL • Asset Size 23.107 mn TL Total Mcap of the sector is ~ TL 202 bn. • Equity Size 18.777 mn TL • Real Estate Portfolio 21.219 mn TL • Rental Portfolio Size 16.079 mn TL • Rental Income for 2023/
Slide 4: Why İş REIC?
Why İş REIC? Diversified real estate portfolio Office 57%, project 24%, retail 19% Solid & growing rental income ~TL 315 mn rental income for H1 2023 Financially strong tenants & long-term leases 46% of the rental income comes from İş Group Share of İnvestment models with long-term leases (Turn-key
Slide 5: Real Estate Portfolio
REAL ESTATE PORTFOLIO Sınıflandırma: GENEL | Classification: PUBLIC
Slide 6: Real Estate Portfolio
Real Estate Portfolio Real Estate Portfolio Value mn TL % Share Office 12.044 56,8% Rental Portfolio Retail 4.034 19,0% 16.078 75,8% Project 5.007 23,6% Land 79 0,4% Inventories 54 0,3% Total 21.218 100% Sınıflandırma: GENEL | Classification: PUBLIC
Slide 7: Rental Income
RENTAL INCOME Sınıflandırma: GENEL | Classification: PUBLIC
Slide 8: Office Investments
Office Investments Ankara İş Tower İş Towers İş Towers TUTOM Maslak Office Tower 2 Tower 3 Office Lamartine 2023 H1 TL 118 Rental TL 26 mn TL 17 mn TL 10 mn mn Income Appraisal TL 5.117 TL 2.548 TL 2.669 TL 1.710 mn Value mn mn mn % share in office 42% 21% 22% investments 48% 20% 19% Represent 85% o
Slide 9: Retail Investments
Retail Investments Kanyon Marmara Ege Perla Shopping Others Park AVM AVM Center * 2023 H1 Rental TL 59 mn TL 68 mn TL 9 mn TL 7 mn Income Appraisal Value TL 1.735 mn TL 1.298 mn TL 471 mn TL 530 mn 49% 20% 21% 49% 20% 21% % share in retail 43% 32% 12% investments Represent 87% of the total retail in
Slide 10: Projects Under Development
PROJECTS UNDER DEVELOPMENT Sınıflandırma: GENEL | Classification: PUBLIC
Slide 11: İstanbul Finance Center Project
İstanbul Finance Center Project Location: Ataşehir, İstanbul Proje Türü: A mixed use project (office & commercial) Estimated saleable/leasable area: ≈ 33K sqm Income Projection Estimated development cost*: ≈ 103 mn $ Estimated monthly rental income**: 13 mn TL (*) Excluding land cost, finance cost&V
Slide 12: Litus İstanbul Residential Project
Litus İstanbul Residential Project* Location : Altunizade, Istanbul Project Type: Residential Project with commercial area Project Details: 6 residential blocks, 1 office block and partial commercial area Number of residentials : 98 Estimated saleable/leasable commercial area: ≈ 6K sqm Estimated com
Slide 13: Tuzla Residential Project
Tuzla Residential Project Location : Tuzla, Istanbul Land Area : ~ 53K sqm Project type : Residential project comprising ~ 1.000 units Sınıflandırma: GENEL | Classification: PUBLIC
Slide 14: Planned Projects
PLANNED PROJECTS Sınıflandırma: GENEL | Classification: PUBLIC
Slide 15: Planned Projects: Kasaba Modern and Gayrettepe
Planlanan Projeler Kasaba Modern Project Gayrettepe Project ~𝟐 𝒌𝒎 ~𝟏𝟎𝟎𝐦𝐭 ~𝟖𝟎𝟎𝐦𝐭 Location : Ömerli, Istanbul Location : Gayrettepe, Istanbul Project Type: 165 residence/villa Project Type: Residential Acquisition Date of the Lands: 2022 & 2023 Acquisiton Date: September, 2022 Investment…
Slide 16: Planned Projects: Profilo Shopping Center and Kadıköy Hotel
Planlanan Projeler Profilo Shopping Center Project Kadıköy Hotel Project ~𝟐 𝒌𝒎 ~𝟏𝟎𝟎𝐦𝐭 ~𝟖𝟎𝟎𝐦𝐭 Location : Şişli, Istanbul Location: Kadıköy, Istanbul Acquisition Date: January, 2023 Project Type: Hotel and commercial area Investment Model: Revenue sharing agreement in Investment Model…
Slide 17: Dividend Payout
DIVIDEND PAYOUT Sınıflandırma: GENEL | Classification: PUBLIC
Slide 18: Dividend Payout
Dividend Payout According to the Dividend Policy, if the Company decides to distribute profits; “dividend must be at least 30% of the total distributable income in the form of cash or bonus share”. In the last 5 year period, the Company did not distribute cash dividend in order to optimize the cash
Slide 19: Financials
FINANCIALS Sınıflandırma: GENEL | Classification: PUBLIC
Slide 20: Balance Sheet & Income Statement
Balance Sheet & Income Statement TL, mn 30.06.2023 TL, mn 30.06.2023 ASSETS 23.106,8 LIABILITIES 23.106,8 Current Assets 2.122,4 Short-term Liabilities 4.318,5 Non-current Assets 20.984,4 Long-term Liabilities 11,0 Equity 18.777,3 INCOME STATEMENT 30.06.2023 30.06.2022 TL, mn Sales Revenue 364,9 311
Slide 21: Debt & Cash Position
Debt & Cash Position Outstanding Loans Date to Maturity Loan TL mn Bank Loans 3m - 2y 3.214 Bills & Bonds 9m - 1 Year 719 Total 3.933 Financial Debt Financial Debt 23% 18% 82% 77% Bank Loans Bills & Bonds Variable cost Fixed cost Sınıflandırma: GENEL | Classification: PUBLIC
Slide 22: Stock Performance
STOCK PERFORMANCE Sınıflandırma: GENEL | Classification: PUBLIC
Slide 23: Stock Price vs Index Performance
Stock Price vs Index Performance Stock Price - Index Performance (%) 30.06.2023 01.01.2023 - 30.06.2023 P/BV 0,54 BIST 100 5 Avg. Trade Volume TL 248 mn XGMYO -13 ISGYO 0 Sınıflandırma: GENEL | Classification: PUBLIC
Slide 24: Investor Relations & Sustainability
Investor Relations & Sustainability Ayşegül Şahin Kocameşe Assistant General Manager Phone : 0 850 724 23 50 E-mail : aysegul.sahin@isgyo.com.tr Mine Kurt Yıldırım Manager Investor Relations & Sustainability Phone : 0 850 724 23 50 This presentation has been prepared in order to inform investors. E-
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