TORUNLAR GROUP OF COMPANIES TODAY (As of 31.12.2019)
Key Facts
million TRY
2018
2019
Change
Total Assets
19,770
22,797
15%
Total Equity
9,818
10,576
8%
Total Sales
6,463
6,752
4%
Employees
1,034
879
-15%
Cities of
Operation
12
12
0%
Note: Torunlar REIC and Başkentgaz figures are IFRS and Torunlar Gıda figures are local GAAP
AGRIBUSINESS
REAL ESTATE
ENERGY
▪ A leading company in oilseed, soybean,
▪ The 2nd largest REICin terms of portfolio
▪ The 2nd largestnatural gas distribution
sunflower, rice and sugarbeet processing
value and market cap among the listed REIC's
company of Turkey
on BIST
▪ Competes against such multinationals as
▪ Best and most diversified portfolio
▪ 1.9 million total customers
Cargill, Bunge and Cofco
▪ Exceeding 567,000 m2 GLA
▪ 3.6 billion m³ natural gas sales and
distribution volume
▪ 12,414 km of grid length
2
Torunlar REIC Key Overview
TRY (000)
2016
2017
2018
2019
H1 2020
Sales
665,677
780,140
1,954,283
991,087
450,645
Residence & Office
243,273
286,070
1,307,091
234,647
187,729
Mall & Office rental
351,652
411,150
526,116
616,198
211,744
Other
70,752
82,920
121,076
140,242
51,172
EBITDA
361,922
491,066
929,765
644,780
243,023
EBITDA Margin
54.4%
62.9%
47.6%
65.1%
53.9%
Portfolio Breakdown 13.6 billion TRY
Net Profit
N. Profit excl. fair value gains
Market Cap
Portfolio Value
1,172,384
455,108
1,287,204
865,790
-267,207
-138,413
81,058
-407,367
-88,331
-267,207
2,075,018
3,330,000
1,510,000
2,750,000
3,330,000
9,772,422
10,347,221
12,401,554
13,804,655
13,559,236
Strategic Pillars
Strong sales growth with cumulative 5.1 billion TRY within 3 years
Net Asset Value
5,973,549
6,378,657
7,613,718
8,478,139
8,209,809
Capex
757,077
717,660
510,254
339,605
106,374
Net Debt
2,535,224
3,004,044
3,989,698
4,245,128
4,470,016
LTV
27.30%
29.38%
33.95%
33.25%
35.09%
Deleveraging from a net debt to a net cash within 2023
Completion of the project pipeline with 1.7 billion TRY capex within 3 years
3
Project Locations - Turkey -
•
ISTANBUL
SAMSUN
ANKARA
Torium Shopping Mall
5. Levent Project
•
ANKAmall Shopping Mall
•
NishIstanbul Mixed-Use Project
Mall of İstanbul 2. Phase
• Bulvar Samsun
•
Mall of İstanbul
Pasabahce Project
Shopping Mall
•
Crowne Plaza Hotel
•
Torun Tower
Kemankes Land
3
•
Torun Center
Kayabasi Land
Mall of İstanbul Phase 3
BURSA
ANTALYA
•
Zafer Plaza Shopping Mall
•
Deepo Outlet Mall
MUGLA
•
Korupark Shopping Mall
•
Korupark Residences Phases I-II
• Netsel Marina
•
Mall of Antalya
4
•
Korupark Residences Phase III
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Disclaimer
Torunlar Gayrimenkul Yatirim Ortakligi AS published this content on 18 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 August 2020 10:41:01 UTC
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 
