Halk Gayrimenkul Yatirim Ortakligi As · BIST:HLGYO
Halk Gayrimenkul Yatirim Ortakligi As — Halk Gayrimenkul Yatırım Ortaklığı A.Ş. — Q1 2014 Earnings Presentation
20 slides from Halk Gayrimenkul Yatirim Ortakligi As's earnings presentation, 2014
Slide 1: Q1 2014 Investor Presentation
2014 Q1 INVESTOR PRESENTATION
Slide 2: About Halk GYO
ABOUT HALK GYO Halk GYO was established in 2010, that invests in real estates, real estate based rights, real estate projects and capital market instruments. Halk GYO completed its IPO in February 2013 and is trading on the Istanbul Stock Exchange with the code “HLGYO” As of 31.03.2014; Halk G
Slide 3: Real Estate Portfolio Distribution
REAL ESTATE DISTRIBUTION OF PORTFOLIO REAL ESTATE PORTFOLIO 1.176 MillionTL Buildings Lands 38% 44% 492,5 Million TL Projects 18% Last Appraisal Values (March 2014) Lands & Projects Appraisal Values 62% (Establishment) (October 2010) 3
Slide 4: Real Estate Portfolio Regional Dispersal
REAL ESTATE PORTFOLIO REGIONAL DISPERSAL Dedeman Park Levent Otel İstanbul Finance Project Center Project Kocaeli Şekerpınar Referans Bakırköy Project Residential Project Eskişehir Residences Project Buildings, Lands and Projects 4
Slide 5: Real Estate Portfolio Table
REAL ESTATE PORTFOLIO TABLE Net Book Values Appraisal Values of of 31.03.2014 31.03.2014 REAL ESTATES İstanbul Ataşehir Land 239.666.361 517.170.060 *Levent Otel Project 40.035.767 67.150.000 *Eskişehir Residences Project 15.503.879 44.364.815 Kocaeli Şekerpınar Project 13.213.332 14.869.400 *Refera
Slide 6: Rental Income Ratios
RENTAL INCOME RATIOS Rent Revenues (TL) 4.073.794 6.896.228 7.000.728 6.958.874 7.053.976 7.057.301 7.065.153 7.661.113 7.550.257 9,16% 9,27% 8,34% 8,30% 8,42% 8,42% 8,45% 8,21% 7,77% 6,75% 6,85% 6,85% 6,89% Rent Income/ 6,68% 6,56% 6,65% 6,65% 6,62% Book Value Rent Income/ Last Appraisal Value Q1 2
Slide 7: Halkbank Finance Tower
COMPLETED PROJECTS HALKBANK FINANCE TOWER In 2012, we acquired this 23-floor Class A office tower located near the Istanbul Finance Center Project while it was under construction. The tower is leased to Halkbank for four years. Due to its premium location, this acquisition has already increased our
Slide 8: İstanbul Finance Center
ONGOING PROJECTS İSTANBUL FINANCE CENTER As Halk GYO, we are one of the major stakeholders of the Istanbul International Finance Center Project where we will build two office towers, one with 46 floors and the other with 34 floors. The project also comprises 3 buildings each with 8 floors. The Istan
Slide 9: Dedeman Park Levent
ONGOING PROJECTS DEDEMAN PARK LEVENT The construction of the Project has begun on our land plot in Levent. It will be the first hospitality project on Halk GYO’s portfolio.The project will become one of the finest examples of urban hotels in Levent area in İstanbul. When completed, it will meet the
Slide 10: Referans Bakırköy
ONGOING PROJECTS REFERANS BAKIRKÖY Referans Bakırköy Project, developed based on revenue sharing model, is HalkGYO’s first residential project. The project is currently underway with the partnership of Biskon Yapı, an affiliate of Kiler Holding, and is rising on one of the last remaining vacant land
Slide 11: Eskişehir Panorama Plus
ONGOING PROJECTS ESKİŞEHİR PANORAMA PLUS The project is currently underway in the Odunpazarı District of City of Eşkisehir, one of the fastest growing cities of Turkey. The project Panorama Plus will be a unique component in the cityscape of Eskisehir with its 18-floor high rise tower, the tallest r
Slide 12: Kocaeli Şekerpınar
ONGOING PROJECTS KOCAELİ ŞEKERPINAR Halk GYO is also carrying out an operational center in Şekerpınar district of Kocaeli on a site of 15.652 sqm. The project will consist of a data center, hospitality unit, training facilities, a conference center and other facilities. An agreement has been signed
Slide 13: Financial Data
FINANCIAL DATA 31.03.2014 BALANCE SHEET 31.12.2013 31.03.2014 ( TL) Current Assets 235.706.098 261.837.909 Non-Current Assets 654.425.796 643.697.822 Total Assets 890.131.894 905.535.731 Short Term Liabilities 102.905.640 111.684.114 “Net Profit” Deferred Income 95.401.043 104.569.964 increased Long
Slide 14: Distribution of Assets and Liabilities
DISTRIBUTION OF ASSETS AND LIABILITIES 31.03.2014 Distribution of Assets TL Distribution of Liabilities TL Buildings Lands and Projects Cash and Cash Equivalents Other Equities Deferred Income Financial Debts Others 905.535.731 TL 905.535.731 TL 890.131.894 TL 890.131.894 TL %2 %12 %2 %11 %21 %18 %3
Slide 15: Balance Sheet Items
BALANCE SHEET ITEMS Thousand TL Y-o-Y 905.535 890.131 867.935 Assets 8% 853.944 838.951 779.029 769.176 Shareholder’s Equity 5% 672.771 672.434 679.653 679.034 747.182 754.010 741.360 512.210 515.764 519.173 521.317 Buildings -3% 335.868 336.074 335.497 339.813 335.793 335.207 334.774 334.914 334.61
Slide 16: Income Statement Items
INCOME STATEMENT ITEMS TL Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Total Revenues 4.524.610 7.591.530 7.463.324 7.227.177 8.532.067 10.052.700 11.473.735 28.455.348 13.518.983 Rent Income 4.073.794 6.896.228 7.000.728 6.958.874 7.053.976 7.057.301 7.065.163 7.661.113 7
Slide 17: Distribution of Main Income Items
DISTRIBUTION OF MAIN INCOME ITEMS (TL) Real Estate Sale Income 29.000.451 Rent Finance Other %62 13.795.605 11.947.323 %9 10.357.895 8.635.549 7.591.530 7.481.156 7.243.188 %55 %60 4.524.610 %26 %70 %82 %90 %90 %93 %96 %37 %34 %29 %10 %10 %7 %17 %10 %4 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2.2013
Slide 18: Distribution of Main Expense Items
DISTRIBUTION OF MAIN EXPENSE ITEMS (TL) Others Cost of Real Estate Sale Property Tax Advertisement Amortization Finance Personal 14.601.977 %10 %3 %3 %5 %1 5.360.285 %58 5.099.937 4.071.786 %14 4.328.791 4.036.981 %15 4.139.338 4.299.496 %12 %17 %22 %25 %25 %54 %11 %11 %60 %8 %12 %9 1.566.081 %57 %9
Slide 19: Targets
TARGETS Main Targets 2014 Targets To start the construction of the “Istanbul Finance Center (IFC)” project To be one of the leaders of Turkish REIT Sector To complete the construction of the “Referans Bakırköy” residential project To use our capital in the most effective way To complete the construc
Slide 20: Investor Relations Contact and Disclaimer
For further information please contact; 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 DISCLAIMER The information contained in this presentation has been prepared by
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