Is Yatirim Menkul Degerler As · BIST:ISMEN
Is Yatirim Menkul Degerler As — IS Investment (İş Yatırım Menkul Değerler A.Ş.) — FY2015 Earnings Presentation
23 slides from Is Yatirim Menkul Degerler As's earnings presentation, Feb 4, 2016
Slide 1: Performance & Financial Results – FY15
PERFORMANCE & FINANCIAL RESULTS – FY15 February 4, 2016 Investor Relations
Slide 2: Agenda: About Us, Market Performance, Financial Results
1 Performance & Financial About Us Results – FY15 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 & 66.6% Shareholders‘ • Corporate Finance IS Bank Free Float Share Group 28.2% Companies • Research 71.8% 33.4% Subsidiaries* IS Private Equity: (Share: 29.1%) (Ticker
Slide 4: Market Performance
3 Performance & Financial About Us Results – FY15 Market Performance Financial Results Investor Relations
Slide 5: Market Performance: Equities
Market Performance Equities 4 The market IS Investment 180 8.4% 9.0% Trading Volume (TL bn) 7.6% 7.7% Billions 2,052 160 7.3% 7.4% 8.0% 6.9% 1,746 140 7.0% 1,634 120 6.0% 1,391 1,271 1,247 100 5.0% 80 151 4.0% 137 135 60 3.0% 102 95 40 87 2.0% 20 1.0% 0 0.0% '10 '11 '12 '13 '14 '15 '10 '11 '12 '13 '
Slide 6: Market Performance: Derivatives
Market Performance Derivatives 5 The market IS Investment 1,135 Trading Volume (TL bn) 140 14.8% 16.0% 13.5% Billions 863 880 869 120 12.6% 14.0% 808 827 11.5% 11.1% 12.0% 100 80 8.8%10.0% 8.0% 60 119 111 112 6.0% 99 97 100 40 4% 4.0% 20 2.0% 0 0.0% '10 '11 '12 '13 '14 '15 '10 '11 '12 '13 '14 '15 Tr
Slide 7: Market Performance: FX margin trading
Market Performance FX margin trading 6 The market IS Investment 17,012 900 25.0% Total Trading Volume (TL bn) 21.8% Billions 800 700 20.0% 600 15.0% 500 7,706 11.5% 932 400 683 10.0% 4,956 300 8.9% 567 5.5% 514 2,361 200 5.0% 100 0 0.0% '12 '13 '14 '15 '12 '13 '14 '15 Trading Volume (TL bn) Market S
Slide 8: Market Performance: Primary market
Market Performance Primary market 7 Debt securities issuances IS Investment* 70 650 14 160 621 12.2 12.1 136 60 550 12 140 516 10.1 9.4 120 50 43.9 450 10 8.8 42.7 102 39.9 100 40 37.4 36.9 350 8 330 235 80 30 26.5 250 6 5.1 57 60 17.8 20 150 4 27 58 11.8 40 10 50 2 13 1.6 4.9 0.7 20 1.90.1 16 0.7 0
Slide 9: Market Performance: M&A and equity margin trading
Market Performance 8 M&A deals closed in 2015 - IS Investment Equity margin trading - IS Investment Our role as an Target Firm Industry advisor 500 30.0% Millions Negmar Logistic Sell-side 450 24.4% 25.0% Mika Tur e-commerce Buy-side 400 22.0% Total Petrol Energy Buy-side 350 20.0% 16.8% Sudel Inves
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) 23% 37.7 8.7 8.4 33.6 30.2 7.6 6.9 29.6 7.9 6.9 18% 33.7 29.1 8.7 48.0 6.8 36.2 3.9 4.8 25.5 2.4 2.8 14.5 19.9
Slide 11: Financial Results
10 Performance & Financial About Us Results – FY15 Market Performance Financial Results Investor Relations
Slide 12: Financial Results: Non-consolidated Results
Financial Results Non-consolidated Results 11 Non-consolidated Revenues FY14 FY15 YoY (%) (TL 000) Commission Revenues* 107,742 131,290 22 Interest and Trading Income 87,041 86,664 - Total Operating Revenues 194,783 217,954 12 * Client based FX margin trading revenues are added to the commission rev
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) FY14 FY15 YoY (%) IS Investment Non-consolidated Net Profit IS Investment Only 44,692,808 48,291,181 8 Foreign b
Slide 14: Financial Results: Consolidated Net Profit
Financial Results Consolidated Net Profit 13 TL Million 80 Q4 Q3 70 Q2 60 Q1 12 16 18 Full Year 18 50 24 10 8 21 40 9 17 14 31 69 71 7 68 13 14 64 22 63 30 24 52 4 46 11 24 20 40 12 38 28 11 32 10 13 10 7 18 10 11 12 10 8 5 2 4 0 ‘07 ‘08 ‘09 ‘10 ‘11 ‘12 ‘13 ‘14 ‘15 The negative results of our foreig
Slide 15: Financial Results: Consolidated Financials
Financial Results Consolidated Financials 14 IS Investment - Consolidated FY14 FY15 YoY (%) (TL000) Total Assets 5,355,140 5,781,240 8 Shareholders' Equity 557,339 558,176 - Net Profit 62,896 40,475 (36) TL Million ROAE 6,500 22.5% 24% 6,000 5,781 19.4% 5,355 5,500 17.9% 18.2% 20% 4,935 5,000 15.9%
Slide 16: Breakdown of Operating Revenues
Financial Results Breakdown of Operating Revenues 15 Breakdown of Revenues FY14 FY15 YoY (%) (TL 000) Interest and Trading Income 238,275 210,954 (11) Commission Revenues* 134,151 166,578 24 Total Operating Revenues 372,426 377,532 1 * Client based FX margin trading revenues are added to the commiss
Slide 17: Breakdown of Commissions
Financial Results Breakdown of Commissions 16 Commission Revenues FY14 FY15 YoY (%) (TL 000) Brokerage* 85,979 108,472 26 Corporate Finance 18,565 17,858 (4) Asset Management 27,552 37,754 37 Other Commissions 2,055 2,494 21 Total 134,151 166,578 24 * FX margin trading revenues are added to the brok
Slide 18: Breakdown of Operating Expenses
Financial Results Breakdown of Operating Expenses 17 Operating Expenses FY14 FY15 YoY (%) (TL 000) Marketing, Sales and Distribution Expenses 68,582 81,077 18 General Administrative Expenses 194,960 229,549 18 Other Operating Expenses 2,984 3,854 29 Total 266,526 314,480 18 Operating Expenses – FY14
Slide 19: Financial Results: Dividend
Financial Results Dividend 18 Cash Dividend Dividend Yield 78% 12% 50 80% 10.6% 45 72% 10% 40 64% 8.2% 35 56% 8% 30 48% 6.3% 36% 6% 25 33% 40% 4.8% 30% 30% 30% 30% 30% 47 20 32% 4.1% 4.0% 4.1% 15 24% 4% 3.1% 25 10 20 20 20 16% 3.3% 13 15 2% 5 9 8% 2.3% 2.2% 2.5% 2.0% 2.1% 1.8% 1.9% 0 0% 0% May-08 Ma
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 K
Slide 23: Performance & Financial Results – FY15
PERFORMANCE & FINANCIAL RESULTS – FY15 February 4, 2016 Investor Relations
IS Investment (İş Yatırım Menkul Değerler A.Ş.) — FY2015 Earnings Presentation on 6ix