Halk Gayrimenkul Yatirim Ortakligi As · BIST:HLGYO
Halk Gayrimenkul Yatirim Ortakligi As — Halk Gayrimenkul Yatırım Ortaklığı A.Ş. — Q2 2016 Earnings Presentation
24 slides from Halk Gayrimenkul Yatirim Ortakligi As's earnings presentation, 2016
Slide 1: Investor Presentation 2016 / Q2
INVESTOR PRESENTATION 2016 / Q2
Slide 2: About Halk GYO
ABOUT HALK GYO Halk GYO, was established in 2010, invests in real estates, real estate projects, real estate based rights and capital market instruments. Halk GYO completed its IPO in February 2013 and is trading on the Borsa Istanbul (BIST) with the code “HLGYO” As of 30.06.2016; Halk GYO has
Slide 3: Real Estate Portfolio Distribution
REAL ESTATE DISTRIBUTION OF PORTFOLIO PORTFOLIO TL 1,854 Million *Buildings %38 TL 492,5 Million Projects %62 Last Appraisal Values (June 2016) Establishment Appraisal Values (October 2010) * Salıpazarı which is still in renovation stage and Caddebostan Buildings which is in urban transformation pro
Slide 4: Real Estate Portfolio Regional Dispersal
REAL ESTATE PORTFOLIO REGIONAL DISPERSAL Istanbul Bizimtepe Aydos Istanbul Residential Project Park Dedeman Levent Hotel Istanbul Finance Center Project Erzurum Istanbul Kocaeli Şehristan Residential Referans Bakırköy Şekerpınar Project Project Residential Project Eskişehir Panorama Plus Residential
Slide 5: Real Estate Portfolio Table
REAL ESTATE PORTFOLIO TABLE Net Book Values (TL) Last Appraisal Values (TL) PROJECTS 432,133,917 1,087,707,390 *Land appraisal value Istanbul “Finance Center” Project 270,490,536 *660,825,000 Istanbul “Bizimtepe Aydos” Residential Project 78,745,939 229,667,829 **Appraisal values of unsold Erzurum “
Slide 6: Rental Income Ratios
RENTAL INCOME RATIOS Period 2012 2013 2014 2015 2016 Q1 2016 Q2 24,929,624 28,837,553 29,759,463 41,596,681 12,588,689 11,592,060 Building Rent Revenue (TL) 11.0% 10.5% 10.2% 9.1% 8.6% 8.2% 7.1% 6.7% 6.7% 6.7% 6.7% 6.6% Rent Income/ Book Value Rent Income/ Last Appraisal Value 2012 2013 2014 * 2015
Slide 7: Completed Projects: Halkbank Finance Tower
COMPLETED PROJECTS HALKBANK FINANCE TOWER In 2012, we acquired this 23-floor Class A office tower located near the Istanbul International Finance Center Project while it was under construction. The tower is leased to Halkbank for four years. Being in Batı Ataşehir district, which is one of the close
Slide 8: Completed Projects: Istanbul Referans Bakırköy
COMPLETED PROJECTS ISTANBUL REFERANS BAKIRKOY Referans Bakırköy Project is Halk GYO’s first residential project. The project is developed based on a revenue sharing model in which our Company’s share is 50.5 percent. The project which carried out together with Biskon Yapı A.Ş., an association of Kil
Slide 9: Completed Projects: Park Dedeman Levent Hotel
COMPLETED PROJECTS ISTANBUL PARK DEDEMAN LEVENT HOTEL Park Dedeman Levent Hotel is the first hospitality project on Halk GYO’s portfolio. It meets the much felt need for business hotels on Mecidiyeköy- Maslak line, Istanbul. The occupancy permit for “Park Dedeman Levent” hotel project has been grant
Slide 10: Completed Projects: Eskişehir Panorama Plus Project
COMPLETED PROJECTS ESKISEHIR PANORAMA PLUS PROJECT The project located in Odunpazarı-Eskişehir, developed on an area of 9,811 sqm and covers 102 independent units consists 97 residential and 5 commercial units, 2 of which have been rented out by our Company. After the launch in November 2013, constr
Slide 11: Completed Projects: Şekerpınar Banking Center
COMPLETED PROJECTS SEKERPINAR BANKING CENTER “Şekerpınar Banking Center” which developed in Kocaeli Şekerpınar, has an usage area of approximately 9,000 sqm In April 2015, the Center leased to Halkbank, our main shareholder, for 10 years. Sekerpınar Banking Center is aimed to be an environmentally f
Slide 12: Ongoing Projects: Istanbul Finance Center
ONGOING PROJECTS ISTANBUL FINANCE CENTER As Halk GYO, we are one of the major stakeholders of the Istanbul International Finance Center Project carried out under the coordination of the Ministry of Environment and Urban Planning and we will build two office towers, one with 46 floors and the other w
Slide 13: Ongoing Projects: Şekerpınar Office Project
ONGOING PROJECTS SEKERPINAR OFFICE PROJECT “Şekerpınar Office Project” located in Şekerpınar-Kocaeli developed on an area of approximately 52,000 sqm which was purchased in September 2012. The construction of the project completed with Shell and Core concept and the marketing process to rent or sale
Slide 14: Ongoing Projects: Sancaktepe Bizimtepe Aydos Project
ONGOING PROJECTS SANCAKTEPE BIZIMTEPE AYDOS PROJECT The Project will constructed through joint venture with Vakıf REIT. It is located on Sancaktepe, one of the most developing and popular districts of Istanbul. On the 95k sqm land, after leaving 90% of it for landscape, it is planning to build 13-st
Slide 15: Ongoing Projects: Erzurum Şehristan Residential Project
ONGOING PROJECTS ERZURUM ŞEHRİSTAN RESIDENTIAL PROJECT In April 2016, a land of 23,734 sqm in Erzurum/Yakutiye, of which prior proprietor was Er Konut, added into portfolio with a cost of TL 17.5 million, the half amount of the appraisal value of TL 35 million, to develop a residential project. The
Slide 16: Ongoing Projects: Salıpazarı Hotel Project
ONGOING PROJECTS SALIPAZARI HOTEL PROJECT After the best use studies, it was decided to renovate our office building, Beyoğlu Salıpazarı, which is registered in one of the most historic and significant districts in Istanbul, as a hotel. After the procedures of sealed-bid tender and auction, a lease
Slide 17: Financial Data
FINANCIAL DATA BALANCE SHEET (TL) 31.12.2015 30.06.2016 Current Assets 144,495,869 204,666,723 Liquid Assets 16,436,458 54,957,616 Inventories 97,964,900 122,704,659 01.01.2015 01.01.2016 INCOME STATEMENT (TL) Non-Current Assets 830,219,908 868.223.932 30.06.2015 30.06.2016 Investment Properties 789
Slide 18: Distribution of Assets and Liabilities
DISTRIBUTION OF ASSETS AND LIABILITIES DISTRIBUTION OF ASSETS (TL) DISTRIBUTION OF LIABILITIES (TL) Buildings Lands&Projects Others Cash and Cash Equivalents Equities Deferred Income Financial Debts Others 1,072,890,655 1,072,890,655 974,715,777 974,715,777 %1 %6 %2 %2 %15 %9 %8 %7 %41 %40 %90 %84 %
Slide 19: Balance Sheet Items
BALANCE SHEET ITEMS YoY TL 1,000 1,072,890 1,033,352 Assets 15 % 974,715 951,256 937,481 905,535 914,836 934,934 936,726 928,406 890,131 896,066 853,944 867,935 890,150 838,951 838,264 Shareholder’s 6% 879,448 Equity 845,344 857,175 827,793 797,936 769,176 779,029 785,355 747,182 754,010 741,360 544
Slide 20: Income Statement Items
INCOME STATEMENT ITEMS TL 2013 2014 2015 Q1 2015 Q2 2015 Q3 2015 Q4 2015 2016 Q1 2016 Q2 Total Revenues 58,513,850 86,611,117 16,026,056 19,180,338 18,375,668 46,074,049 99,656,111 19,273,889 20,933,850 Rent Income 28,954,219 29,963,466 7,338,870 8,427,530 10,931,976 15,372,960 42,071,336 12,647,847
Slide 21: Distribution of Main Income Items
DISTRIBUTION OF MAIN INCOME ITEMS Sales Revenues 45,818,208 Rent Revenues 42,541,150 %1 Other %16 %33 TL %17 22,513,338 19,275,106 20,991,139 18,879,774 19,290,578 17,126,024 %8 %36 16,350,165 %5 %3 %7 %67 13,795,605 %8 %36 %67 %44 %58 %56 %66 %36 %33 %45 %55 %44 %51 %36 %31 %47 %39 %20 %27 %9 2014
Slide 22: Distribution of Main Expense Items
DISTRIBUTION OF MAIN EXPENSE ITEMS Cost of Sales 23,568,225 %3 Personel %2 Amortization/ %8 Tax %6 Interest Other TL 12,285,235 10,138,236 %15 %81 9,651,525 %4 8,588,841 7,906,004 %6 %12 7,048,522 %29 6,402,792 %60 5,879,809 %30 %19 %4 %18 %4 4,299,496 %57 %5 %14 %28 %6 %11 %63 %11 %4 %7 %13 %17 %16
Slide 23: 2016 Targets
2016 TARGETS To complete tender to determine prime contractor for “Istanbul Finance Center” project and start construction works, To complete the construction of Kocaeli “Şekerpınar Office Project” and rent it out, To renovate Salıpazarı Building as a hotel To complete sales of “Referans Bakırkö
Slide 24: For further information please contact
For further information please contact; Group Presidency of Investor Relations & Strategic Planning & Advertising PR Investor Relations Address: Şerifali Çiftliği Tatlısu Mahallesi Ertuğrulgazi Sokak No:1 34774 Yukarı Dudullu - Ümraniye / İSTANBUL E-mail: ir@halkgyo.com.tr Phone: +90 216 600 10 25 D
Halk Gayrimenkul Yatırım Ortaklığı A.Ş. — Q2 2016 Earnings Presentation on 6ix