Is Yatirim Menkul Degerler As · BIST:ISMEN
Is Yatirim Menkul Degerler As — Q1 2016 Earnings Presentation
23 slides from Is Yatirim Menkul Degerler As's earnings presentation, May 4, 2016
Slide 1: Performance & Financial Results – 1Q16
PERFORMANCE & FINANCIAL RESULTS – 1Q16 May 4, 2016 Investor Relations
Slide 2: About Us, Market Performance, Financial Results
1 Performance & Financial About Us Results – 1Q16 Market Performance Financial Results Investor Relations
Slide 3: About Us
About Us 2 Shareholder Structure Business Lines • Brokerage & Trading • Investment Advisory • Asset Management International IS Bank & 70.5% Shareholders‘ • Corporate Finance IS Bank Free Float Share Group 28.2% Companies • Research 71.8% 29.5% Subsidiaries* IS Private Equity: (Share: 29.1%) (Ticker
Slide 4: About Us, Market Performance, Financial Results
3 Performance & Financial About Us Results – 1Q16 Market Performance Financial Results Investor Relations
Slide 5: Market Performance Equities
Market Performance Equities 4 The market IS Investment Trading Volume (TL bn) 7.3% 7.7% 50 8.0% Billions 590 576 45 7.0% 40 6.0% 35 30 5.0% (2)% 25 4.0% 43.1 44.4 20 3.0% 15 2.0% 10 5 1.0% 0 0.0% '15/3 '16/3 '15/3 '16/3 % bps 20 Trading Volume (TL bn) Market Share 230 15 180 130 Broker 1 8.4% 10 80
Slide 6: Market Performance Derivatives
Market Performance Derivatives 5 The market IS Investment Trading Volume (TL bn) 305 30 9.2% 10.0% 8.5% Billions 278 9.0% 25 8.0% 7.0% 20 6.0% 15 5.0% 28.2 23.6 4.0% 10 3.0% 2.0% 5 1.0% 0 0.0% '15/3 '16/3 '15/3 '16/3 Trading Volume (TL bn) Market Share The share of currency futures in total trading
Slide 7: Market Performance FX margin trading
Market Performance FX margin trading 6 The market IS Investment 400 7.5% 8.0% Total Trading Volume (TL bn) 4,471 Billions 350 6.7% 7.0% 3,361 300 6.0% 250 5.0% 200 4.0% 150 302 3.0% 251 100 2.0% 50 1.0% 0 0.0% '15/3 '16/3 '15/3 '16/3 Trading Volume (TL bn) Market Share Source: Turkish Capital Market
Slide 8: Market Performance Primary market
Market Performance Primary market 7 Debt securities issuances IS Investment* 15 168 170 3 2.8 43 13.3 165 3 38 12 37 2.2 2.1 31 33 9.0 160 2 1.8 9 7.8 7.4 28 155 2 23 6 151 150 1 18 3 145 1 13 0 140 0 8 '15/3 '16/3 '15/3 '16/3 IPOs (TL bn) Private Placements (TL bn) IPOs (TL bn) Private Placements (
Slide 9: Market Performance Equity margin trading
Market Performance 8 Equity margin trading - IS Investment 365 308 '15/3 '16/3 Source: IS Investment & Turkish Capital Markets Association (year-end market data is not available) Despite the volatility and uncertainty our equity margin trading volume reached TL 365mn rising by 19% when compared to s
Slide 10: Market Performance Asset under Management
Market Performance Asset under Management 9 The market IS Investment Mutual Funds (TL bn) Mutual Funds (TL bn) Pension Funds (TL bn) Pension Funds (TL bn) Market Shares Other Funds* (TL bn) 37.3 23% 8.6 35.8 8.8 9.4 18% 51.6 7.1 38.2 3.0 3.5 '15/3 '16/3 '15/3 '16/3 Source: CMB & IS Asset Management
Slide 11: About Us, Market Performance, Financial Results
10 Performance & Financial About Us Results – 1Q16 Market Performance Financial Results Investor Relations
Slide 12: Financial Results Non-consolidated Results
Financial Results Non-consolidated Results 11 Non-consolidated Revenues 1Q15 1Q16 YoY (%) (TL 000) Commission Revenues* 37,258 35,309 (5) Interest and Trading Income 17,825 27,019 52 Total Operating Revenues 55,083 62,328 13 * Client based FX margin trading revenues are added to the commission reven
Slide 13: Financial Results Consolidation Effect
Financial Results Consolidation Effect 12 Consolidated Net Profit = [IS Investment Non-consolidated Net Profit + Contributions from Subsidiaries] – Elimination Adjustments Net Profit (TL) 1Q15 1Q16 YoY (%) IS Investment Non-consolidated Net Profit IS Investment Only1 26,586,943 29,470,820 11 IS Inve
Slide 14: Financial Results Consolidated Net Profit
Financial Results Consolidated Net Profit 13 TL Million 80 70 60 Q1 Full Year 50 40 67.5 68.7 70.8 64.2 62.9 30 52.4 45.9 20 38.4 40.5 31.6 10 18.2 10.0 11.5 12.3 12.6 4.9 7.9 2.1 3.7 0 ‘07 ‘08 ‘09 ‘10 ‘11 ‘12 ‘13 ‘14 ’15 ‘16 Negative performance of the investee companies of IS private equity contin
Slide 15: Financial Results Consolidated Financials
Financial Results Consolidated Financials 14 IS Investment - Consolidated 1Q15 1Q16 YoY (%) (TL000) Total Assets 5,643,838 5,977,952 6 Shareholders' Equity 524,731 534,066 2 Net Profit 12,339 12,618 2 TL Million ROAE 6,500 22.5% 5,978 24% 6,000 5,781 19.4% 5,355 5,500 17.9% 18.2% 20% 4,935 5,000 15.
Slide 16: Financial Results Breakdown of Operating Revenues
Financial Results Breakdown of Operating Revenues 15 Breakdown of Revenues 1Q15 1Q16 YoY (%) (TL 000) Interest and Trading Income 49,826 61,654 24 Commission Revenues* 44,346 45,376 2 Total Operating Revenues 94,172 107,030 14 * Client based FX margin trading revenues are added to the commission rev
Slide 17: Financial Results Breakdown of Commissions
Financial Results Breakdown of Commissions 16 Commission Revenues 1Q15 1Q16 YoY (%) (TL 000) Brokerage* 30,052 32,241 7 Corporate Finance 5,105 3,837 (25) Asset Management 8,476 8,394 (1) Other Commissions 713 904 27 Total 44,346 45,376 2 * FX margin trading revenues are added to the brokerage incom
Slide 18: Financial Results Breakdown of Operating Expenses
Financial Results Breakdown of Operating Expenses 17 Operating Expenses 1Q15 1Q16 YoY (%) (TL 000) Marketing, Sales and Distribution Expenses 16,090 20,820 29 General Administrative Expenses 56,417 62,499 11 Other Operating Expenses 925 863 (7) Total 73,432 84,182 15 Operating Expenses – 1Q15 Operat
Slide 19: Financial Results Dividend
Financial Results Dividend 18 Cash Dividend Dividend Yield 50 95% 12% 96% 10.6% 45 88% 9.6% 78% 10% 40 80% 8.2% 35 72% 8% 64% 30 6.3% 56% 25 36% 6% 30% 30% 30% 33% 30% 30% 47 48% 4.8% 20 40% 4.1% 4.0% 4.1% 36 4% 3.1% 15 32% 25 24% 10 20 20 20 3.3% 15 16% 2% 5 13 2.3% 2.2% 2.5% 2.3% 9 8% 2.0% 2.1% 1.
Slide 20: Investor Relations
Investor Relations 19 Ms. Çağlan Mursaloğlu Deputy CEO Phone : +90 0212 350 23 48 Fax : +90 0212 350 20 01 E-mail : cmursaloglu@isinvestment.com The Investor Relations Department is responsible for the Mr. Ozan Altan timely communication of necessary, accurate, complete, Manager, Head of IR comprehe
Slide 21: Disclaimer
Disclaimer 20 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 22: IS Investment
IS Investment 21 İş Kuleleri Kule-2 Kat:12 Büyükdere Cad. Nurol Plaza No:257 Kat:16 HEAD 34330 4. Levent ISTANBUL, TURKEY MASLAK 34398 Maslak İSTANBUL, TURKEY OFFICE T: +90 212 350 20 00 BRANCH T: +90 212 367 85 00 F: +90 212 350 20 01 F: +90 212 367 85 01 Çınarlı Mah. Turhan Cemal Beriker Bulvarı B
Slide 23: Performance & Financial Results – 1Q16
PERFORMANCE & FINANCIAL RESULTS – 1Q16 May 4, 2016 Investor Relations
IS Yatirim Menkul Degerler A.S. (IS Investment) — Q1 2016 Earnings Presentation on 6ix