Halk Gayrimenkul Yatirim Ortakligi : Investor Presentation - 2023 YE

INVESTOR PRESENTATION

2023

1

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 December 31, 2023;

Halk GYO has an important position in the sector by the total asset value reaching TL 28 billion and shareholders' equity TL 20 billion.

• 28% of total shares are listed on the BIST.

Public		Ot he rs
28%		0.04%

Halkbank

71.96%

Together with the publicly held shares, the total share of Türkiye Halk Bankası A.Ş. in the capital rises to 79.33%.

Investor Relations

2

REAL ESTATE

PORTFOLIO

TL 25.8 Billion

TL 492.5 Million

December 2023

Establishment

Investor Relations

DISTRIBUTION OF

PORTFOLIO

Lands 10%

Buildings

90%

3

İstanbul

«Salıpazarı Hotel»

İstanbul

"Levent Hotel"

İstanbul

"Referans Bakırköy»

Eskişehir

"Panorama Plus"

«Evora İzmir»

REAL ESTATE PORTFOLIO

REGIONAL DISPERSAL

«Beykoz Lands»

	İstanbul "Bizimtepe Aydos"
	İstanbul Financial Center
«Paye Sakarya»	«Halk Towers»	Kocaeli

"Şekerpınar Office Buildings"

Kocaeli

"Dilovası Modern Industrial Park"

Erzurum "Şehristan Residential"

«Antalya Lands»

Buildings, Lands and Completed and Ongoing Projects

Investor Relations

4

REAL ESTATE PORTFOLIO

LANDS	Current Status		*December 2023
	Fair Value (TL)
Antalya Land	Land (empty)	-	618,541,052
Beykoz Land	Land (empty)	-	298,488,901
İstanbul Salıpazarı Land	Land (car park)	-	29,848,890
PROJECTED LAND & PROJECTS
Dilovası Modern Industrial Park	In construction and sale		**1,123,397,000
Paye Sakarya	In construction and sale		**420,000,000
İzmir Evora	In construction and sale		11,246,112,428
TOTAL LAND VALUE			2,490,275,843
BUILDINGS	Tenant	2023	*December 2023
Rent Income(TL)	Fair Value (TL)
İFM Halk Ofis Block A	Bank Headquarter	344,817,402	8,826,547,000
İFM Halk Ofis Block B	-	-	6,530,223,000
Ataşehir Finance Tower	Teknopark	59,568,376	2,217,052,045
İstanbul Levent Hotel	Hotel	82,259,257	2,023,000,000
İstanbul Salıpazarı Hotel	Hotel	29,579,614	741,000,000
Şekerpınar Banking Center	Bank Office	24,647,701	500,000,000
İstanbul Karaköy Building	Bank Building	6,186,377	355,098,865
İstanbul Beyoğlu Building	Hotel	272,127	323,000,000
İzmir Konak Building 1	Under renovation	-	214,232,689
İstanbul Caddebostan Building	Bank Office	330,000	165,000,000
İstanbul Etiler Building	Under renovation	941,036	158,500,000
İstanbul Beşiktaş Building	Bank Office	4,613,866	144,303,945
İstanbul Bakırköy Building	Bank Office	5,409,360	134,546,445
İstanbul Şişli Building	Bank Office	3,913,831	130,851,359
Ankara Kızılay Building	Bank Office/Ministry	4,469,392	108,588,204
İzmir Konak 2 Building	Under renovation	220,329	111,619,567
İstanbul Ataköy Building	Bank Office	3,022,878	105,695,949
İstanbul Nişantaşı Building	Bank Office	2,131,924	92,000,000
İstanbul Fatih Building	Bank Office	2,577,401	74,313,444
Kocaeli Building	Bank Office	3,181,976	73,181,244
Bursa Building	-	559,224	72,286,957
Ankara Başkent Building	Bank Office / Hotel	3,832,037	66,223,423
Ankara Bahçelievler 1 Building	Bank Office	2,545,581	48,890,423
Adapazarı Building	Bank Office	1,169,913	47,346,515
Ankara Bahçelievler 2 Building	Store	1,644,000	35,304,032
TOTAL BUILDING VALUE			23,298,805,050
TOTAL PORTFOLIO		587,893,601	25,789,080.893

• These are the fair values ​​included in the independent audit report dated 31.12.2023.

Investor Relations

1 It is the approximate value of our Company's share of the total appraisal value of the project, which is incomplete as of December 2023. It is not included in the portfolio total and is written for informational purposes only.(65% of the project value is the Ordinary Partnership share, and 50% of the partnership share is calculated as Halk GYO share. )

• Land Values

5

Rental Rate

of Return

Ratio

Building

Rental

Income/

Last

Appraisal

Value of

Leased

Buildings

RENTAL INCOME - RATE OF RETURN

3.7% 587

3%

212

2022

2023

Rent Income (Million TL)

Investor Relations

6

COMPLETED PROJECTS

ATAŞEHİR FINANCE TOWER

In 2012, we acquired this 23-floor class A office tower located near the İstanbul Financial Center Project while it was under construction.

Being in Batı Ataşehir district, which is one of the closest areas to İstanbul Financial Center, Ataşehir Finance Tower substantially contributes in not only our portfolio but also our yearly rent income.

Real Estate Information
City	:	İstanbul
District	:	Ataşehir
Appraisal Value	:	TL 2.22 billion
Rent Value	:	TL 59.6 million

Investor Relations

7

COMPLETED PROJECTS

REFERANS BAKIRKÖY

Referans Bakırköy 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 Kiler Holding, has risen on one of the last lands in Bakırköy, Istanbul.

The project has 3 buildings consists of 254 residential and 73 commercial units in total and finished in 2014. Project sales have been completed.

Investor Relations

8

COMPLETED PROJECTS

İSTANBUL LEVENT HOTEL

İstanbul Levent Hotel is the first hospitality project in Halk GYO's portfolio. It meets the much felt need for business hotels on Mecidiyeköy-Maslak line, Istanbul.

Levent Hotel has been open since July, 2015.

The project is aimed to be an environmentally friendly building and received a certificate of LEED Gold.

Real Estate

Information

City	:	İstanbul
District	:	Şişli-Levent
Appraisal Value	:	TL 2.0 billion
Rent Value	:	TL 82.3 million

Investor Relations

9

COMPLETED PROJECTS

ESKİŞEHİR PANORAMA PLUS

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.

The Project was completed in 2015 and all of the project was sold.

Panorama Plus is the first project which has "LEED

Silver Certification" with the highest score in

Eskişehir

Investor Relations