08 August 2017
TORUNLAR GROUP OF COMPANIES TODAY (As of 31.12.2016)
Key Facts
million TRY
2015
2016
Change
Total Assets
13,601
17,165
26%
Total Equity
6,226
8,662
39%
Total Sales
3,879
3,872
0%
Employees
1,057
1,201
14%
Cities of
Operation
12
12
0%
AGRIBUSINESS REAL ESTATE ENERGY
A leading company in oilseed, soybean, sunflower, rice and sugarbeet processing
th
nd
The 2 largest REIC in terms of portfolio
value and market cap among the listed REIC's on BIST
nd
The 2 largest natural gas distribution
company of Turkey
The largest 187
industrial company in ISO
Best and most diversified portfolio ▪ 1.7 million total customers
500 (Istanbul Chamber of Industry) ranking (2015)
Competes against such multinationals as Cargill, Bunge and Noble
2
Exceeding 452,000 m
GLA ▪ 3.6 billion m³ natural gas sales and distribution volume
11,456 km of grid length
2
Torunlar REIC Key Overview
TRY (000)
2012
2013
2014
2015
2016
H1 2017
Sales
225,031
343,769
773,240
628,038
665,677
264,786
Residence & Office
84,691
193,451
534,824
249,687
243,273
34,086
Mall & Office rental
102,232
115,990
177,190
309,864
351,652
192,806
Other
38,108
34,328
61,226
68,487
70,752
37,894
EBITDA
133,939
157,623
398,358
368,872
361,922
204,865
EBITDA Margin
61.9%
47.4%
51.5%
58.7%
54.4%
77.4%
Net Profit
336,885
190,556
1,057,892
953,604
1,172,384
96,973
Market Cap
1,610,000
1,380,000
1,725,000
1,625,000
2,075,018
2,460,021
Portfolio Value
4,465,030
5,802,776
6,938,584
8,760,058
9,772,422
9,914,482
Net Asset Value
2,847,035
2,987,591
3,957,423
4,861,088
5,973,549
6,020,522
Capex
338,872
495,888
578,448
440,241
757,077
390,502
Net Debt
524,529
1,537,415
1,777,147
1,901,906
2,535,224
2,713,484
LTV
13.96%
35.75%
30.21%
25.78%
27.30%
28.17%
Strategic Pillars
Strong sales growth with cumulative 6.1 billion TRY within 3 years
Deleveraging from a net debt to a net cash within 2019
Completion of the project pipeline with 1.5 billion TRY capex within 3 years
3
Project Locations - Turkey -
ISTANBUL
Torium Shopping Mall 5. Levent Project
NishIstanbul Mixed-Use Project Mall of İstanbul 2. Phase
Mall of İstanbul Kemankes Land
Torun Tower Kayabasi Land
Torun Center Pasabahce Land
SAMSUN
Bulvar Samsun Shopping Mall
ANKARA
• ANKAmall Shopping Mall
• Crowne Plaza Hotel
3
BURSA
Zafer Plaza Shopping Mall
Korupark Shopping Mall
Korupark Residences Phases I-II
Korupark Residences Phase III
MUGLA
Netsel Marina
ANTALYA
Deepo Outlet Mall
Mall of Antalya
4
Torunlar Gayrimenkul Yatirim Ortakligi AS published this content on 08 August 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 August 2017 10:46:02 UTC.
Original documenthttp://www.torunlarreic.com/pdf/investor_presentations/TRGYO_Sunum_EN_Siyah_2017_08_08_H1_2017_Financial_Results.pdf
Public permalinkhttp://www.publicnow.com/view/E17117D20B6BEAB2C87AEFB19990FC7DE506B678
Torunlar Gayrimenkul Yatirim Ortakligi AS, a member of the Torun Group companies, is a Turkey-based company active in the real estate development sector. The Company is engaged in the development of houses, offices and entertainment facilities such as shopping malls. The projects that the Company has completed include Zafer Plaza shopping mall in Bursa, Nishistanbul mixed-use development in Istanbul, Netsel Marina in Marmaris, Deepo Outlet Center in Antalya, Ankamall and Crown Plaza Hotel in Ankara, and Korupark Shopping Mall in Bursa. It is expecting to complete its Mall of Istanbul project in 2013 and Bulvar Samsun Shopping Mall project in 2012. Its subsidiaries include TRN Alisveris Merkezleri Yatirim ve Yonetim A.S. (TRN), which is engaged in real estate project development and management, as well as Hastalya Motorlu Vasitalar Ticaret ve Sanayi AS which owns the land adjacent to Deepo Outlet Extension land located in Antalya.
TORUNLAR GAYRIMENKUL YATIRIM ORTAKLIGI 
