Inveo Yatirim Holding As · BIST:INVEO
Inveo Yatirim Holding As — Inveo Yatırım Holding — Q3 2023 Earnings Presentation
30 slides from Inveo Yatirim Holding As's earnings presentation, October 2023
Slide 1: Inveo Yatırım Holding Investor Presentation 2023 Q3
Inveo Yatırım Holding Investor Presentation– 2023 Q3 October 2023
Slide 2: Agenda
1. Corporate Profile 2. Investment Strategy & Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. Appendix
Slide 3: Inveo: New Generation Value Investor
Inveo: New Generation Value Investor OUR VISION SOCIAL VALUES Through our investments and the value we add to the companies we invest in, we are Training for increasing savings and relentlessly moving toward our vision of conscious savings, achieving $1.5 billion in market value by 2026. Increased p
Slide 4: Since Our Establishment Our Journey Continues
Since Our Establishment Our Journey Making a Difference Continues PREPARATION & TRANSFORMATION Innovation &Technology Vision in Investment in a Story that started with Capital Markets… 2023 New Investments • Inveo Araç Kiralama Inveo Markası’nın Doğuşu 2022 New Investments • Inveo Ventures GSYO 2021
Slide 5: We are Travelling to the Future with Experienced Board Members
We are Travelling to the Future with Experienced Board Members 44+ years of experience 15+ years of experience 30+ years of experience 24+ years of experience 38+ years of experience 44+ years of experience Erhan Onur Demet Bora Rüya Ülkü Feyyaz Topaç Topaç Özdemir Oruç Eser Taktak Chairman Vice Cha
Slide 6: Inveo Yatırım Holding at a Glance (2023 Q3)
Inveo Yatırım Holding at a Glance (2023 Q3) Shareholder Structure Erhan Topaç % 81.02 Buyed Back Shares % 1.77 8.36 888 8.45 BN TL MN TL BN TL Free Float %217 %127 %183 % 17.21 Capital 240 MN TL L.T. Financial Investments L.T. Financial Investments Registered Capital Ceiling 500 MN TL (Total) (Exclu
Slide 7: Agenda: Investment Strategy & Inveo Ecosystem
1. Corporate Profile 2. Investment Strategy & Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. Appendix
Slide 8: Our Investment Strategy: Right Time Right Value
Our Investment Strategy : Right Time Right Value We Create Value from Entry to Exit with Our Investments Our Investment Focus We invest Right Time Right Value Direct investments Financial markets in emerging investments sectors We exit sustainable & game-changing with unity and synergy Venture capit
Slide 9: We Grow Together with Our Stakeholders
We Grow Together with Our Stakeholders In our ecosystem that creates value as a whole with all our stakeholders, we grow with speed and dynamism and create sustainable synergies. Financial Investments Our Partners in Investments Business Partners Companies we have established Direct and Indirect Inv
Slide 10: We Monitor Our Ecosystem in 4 Main Areas of Activity
We Monitor Our Ecosystem in 4 Main Areas of Activity INVEO YATIRIM HOLDİNG AŞ CAPITAL MARKETS BANKING VENTURE CAPITAL STRATEGIC INVESTMENTS 84.87% 96.52% 97.73% 100% 100% 57.7% 100% 100% 20.5% 5.5% 100% 9.99% 55% 1.21% * Note: The ratios in the table are effective ownership ratios. 10
Slide 11: Total Investment Amount
117.2 MN $ Total Investment Amount 32.8 MN $ https://hubgsyo.com/hakkimizda/ Total Exit Amount 16 Inveo Araç 122 Kiralama Direct Investments Indirect Investment 11
Slide 12: Agenda: Developments from Holding and Selected Companies
1. Corporate Profile 2. Investment Strategy & Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. Appendix
Slide 13: Gedik Yatırım Shows Strong Performance for Way of Leadership
Effective Gedik Yatırım Shows Strong Performance for Way of Leadership Ownership %84.87 Strong Financial Indicators Largest Branch Network and Number of Employees in the Sector 2022 Q3 YTD 2023 Q3 YTD Net Profit / Loss Net Profit (60) Million TL 1.12 Billion TL 31 56 628 NA City Branch Employee Equi
Slide 14: We Increased Our Share in Gedik Yatırım through Agreements
Effective We Increased Our Share in Gedik Yatırım through Agreements Ownership %84.87 Share Purchase Agreements, Costs and Current Value of Shares Purchased Within the framework of the agreements made in 2022; Inveo Adjusted Share Purchase Adjusted Unit Cost per Share Total Value Increase in Purchas
Slide 15: We Receive High Returns From Our Investments in Gedik Yatırım
Effective We Receive High Returns From Our Investments in Gedik Yatırım Ownership %84.87 GEDIK Market Value (TL & USD) ₺10 29 September 2023 $350 Million USD Billion TL Market Value: 8.8 Billion TL / 305 Million USD ₺9 11 January 2022 Hakkı Gedik Share Purchase Inveo Share Ratio: 43.04 %→ 63.04% $30
Slide 16: Misyon Yatırım Bankası Started Operations with Strong Staff
Effective Misyon Yatırım Bankası Started Operations with Strong Staff Ownership 96.52% Shareholder Structure Critical Developments Business Model Established with Neo Bank December Gedik Yatırım 2021 300 Million TL Capital 23% Regional Investment Banking BRSA Operating Licence June 2022 Application
Slide 17: Inveo Ventures' Equity Increased by 303% Since Foundation
Effective Inveo Ventures' Equity Increased by 303% Since Foundation Ownership 97.73% Shareholder Structure Critical Developments Investment Portfolio Gedik Yatırım Established with New April 2022 Shared 15% 65 Million TL Capital Generation Mobility Media Technologies Investment Strategy Natural Digi
Slide 18: Inveo Portföy Grows with High Profitability and New Funds
Effective Inveo Portföy Grows with High Profitability and New Funds Ownership 100% Strong Financial Indicators Fund Size and Number of Funds – 2023 Q3 YTD 2022 Q3 YTD 2023 Q3 YTD Net Profit Net Profit 43 9.1 Billion TL 8.1 Million TL 42.1 Million TL 421% Increase Funds Fund Size +12 New Fund 184 % I
Slide 19: Agenda: Financial Results
1. Corporate Profile 2. Investment Strategy & Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. Appendix
Slide 20: We Diversify Our Investments Across Our Fields of Activity
We Diversify Our Investments Across Our Fields of Activity INVEO YATIRIM HOLDİNG AŞ STRATEGIC CAPITAL MARKET BANKING VENTURES CAPITAL INVESTMENTS 7,474 MN TL 413.2 MN TL 222.7 MN TL 10 MN TL 20 MN TL 6.5 MN TL 76.9 MN TL 28.7 MN TL 28.7 MN TL 76.2 MN TL 0.8 MN TL 3.7 MN TL 0.8 MN TL Long Term Financ
Slide 21: Our Financial Investments Gained Value in 2023
Our Financial Investments Gained Value in 2023 Long Term Financial Investments 31 December 2022 Value Value Increase Rate Net Investment / Sale (B) Net Value Increase (C) 30 June 2023 Value (Million TL) (A) (C/(A+B)) Capital Markets 3,245 324 4,057 7,626 114% Gedik Yatırım 3,154 301 4,019 7,474 116%
Slide 22: Steady Improvement in Key Financial Indicators
Steady Improvement in Key Financial Indicators (Million TL) Key Financial Indicators 9,000 140% 8,445 129% 8,000 119% 101% 120% 6,996 7,000 100% 6,000 83% 5,000 80% 4,310 4,000 3,878 60% 50% 36% 3,209 3,000 40% 1,971 2,000 1,224 1,165 20% 771 705 1,000 538 327 119 64 25 206 148 84 0 0% 2018 2019 202
Slide 23: Inveo Ecosystem Continues to Value with New Investments
Inveo Ecosystem Continues to Value with New Investments Long Term Financial Investments (Million TL) Direct and Indirect Investments (Qty) 900 0 900 0 180 150 CAGR 8,363 CAGR 138 101% 800 0 +112 132 888 800 0 160 130 700 0 700 0 Annual 140 Annual 217% +12 105 16 110 17 600 0 600 0 120 500 0 90 500 0
Slide 24: INVEO Share Performance from the Beginning of 2022
INVEO Share Performance from the Beginning of 2022 to the End of June 2023 01.01.2022-31.12.2022 01.01.2023-30.09.2023 01.01.2022-30.09.2023 Rate of Change Rate of Change Rate of Change INVEO 179% 104% 460% USD/TL 43% 54% 121% BIST 100 Index 186% 47% 333% BIST Holding and Investments Index 206% 44%
Slide 25: Net Debt – Financial Investments
Net Debt – Financial Investments Net Debt - Financial Investments 1,000 8,387 9,000 Million TL 900 863 8,000 800 748 7,000 700 6,000 600 500 5,000 3,965 400 4,000 300 3,000 200 27 2,000 100 35 1,190 10 0 1,000 119 203 119 -5 -100 0 2018 2019 2020 2021 2022 2023/9 Net Debt 35 27 10 -5 863 748 Financi
Slide 26: Inveo – IFRS Condensed Financial Statements
Inveo – IFRS Condensed Financial Statements Balance Sheet Income Statement Million TL 2022 2023 Q3 Change % 2022 Q3 2023 Q3 Million TL Change % YTD YTD Current Assets 411 78 (81) Revenues 86 99 15 Financial Investments 76 24 (68) Cost of Sales (-) (3) (4) 30 Non Current Assets 3,899 8,367 115 Gross
Slide 27: Agenda: Appendix
1. Corporate Profile 2. Investment Strategy & Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. Appendix
Slide 28: Changes in Capital Share and Share Ratios in Direct Investments
Changes in Capital Share and Share Ratios in Direct Investments 2015 2016 2017 2018 2019 2020 2021 2022 September 2023 DIRECT FINANCIAL INVESTMENTS Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Gedik Yatırım 10,414,164 18.54 13,4
Slide 29: Thank you
Investor Relations Contact Deniz Özer Investor Relations Manager Thank you Melek Melis Taşkanal Investor Relations Executive +90 216 453 00 33 ir@inveo.com.tr
Slide 30: Disclaimer
Disclaimer The contents of this presentation have been prepared by Inveo Yatırım Holding Anonim Şirketi ("the Company") for the purpose of providing general information available at the date of this presentation. The Company relies on information gathered from sources it believes to be reliable, but
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