TORUNLAR GROUP OF COMPANIES TODAY (As of 31.12.2021)
Key Facts
million TRY
2020
2021
Change
Total Assets
26,046
38,205
47%
Total Equity
12,799
20,829
63%
Total Sales
8,438
12,346
46%
Employees
795
907
14%
Cities of
Operation
12
12
0%
Note: Torunlar REIC and Başkentgaz figures and Torunlar Gıda are based on IFRS.
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 among the listed REIC's on BIST
company of Turkey
▪ Competes against such multinationals as
▪ Best and most diversified portfolio
▪ 2 million total customers
Cargill, Bunge and Cofco
▪ Exceeding 598,000 m2 GLA
▪ 4.2 billion m³ natural gas sales and distribution
volume
▪ 13.8 thousand km of grid length
2
Torunlar REIC Key Overview
TRY (000)
2018
2019
2020
2021
H1 2022
Portfolio Breakdown 23.4 billion TRY
Sales
1,954,283
991,087
1,105,948
1,483,729
1,178,179
Residence & Office
1,307,091
234,647
516,168
542,083
380,763
Mall & Office rental
526,116
616,198
476,542
726,355
585,791
Other
121,076
140,242
109,349
157,725
152,436
Hotel Revenue
0
0
3,889
57,566
59,189
EBITDA
929,765
644,780
636,099
1,097,658
890,909
EBITDA Margin
47.6%
65.1%
57.5%
74.0%
75.6%
Net Profit
1,287,204
865,790
293,001
5,306,805
316,858
N. Profit excl. fair
-407,367
-88,331
-400,820
-141,678
316,858
value gains
Market Cap
1,510,000
2,750,000
3,900,000
3,920,000
8,080,000
Portfolio Value
12,401,554
13,804,655
14,315,590
22,095,936
23,436,018
Net Asset Value
7,613,718
8,478,139
8,769,917
14,519,010
14,835,868
Capex
510,254
339,605
162,811
40,263
56,062
Net Debt
3,989,698
4,245,128
4,454,075
4,790,446
4,463,194
LTV
33.95%
33.25%
33.33%
24.87%
23.14%
Strategic Pillars
Strong sales growth with cumulative 13.7 billion TRY within 3 years
Deleveraging from a net debt to a net cash within 2024
Completion of the project pipeline with 5.1 billion TRY capex within 3 years
3
PROJECT LOCATIONS - TURKEY -
İSTANBUL
•
Torium Shopping Mall
•
5. Levent Phase 2
SAMSUN
ANKARA
•
Nishİstanbul Mixed-Use Project •
Karaköy Hotel Project
•
ANKAmall Shopping Mall
•
Mall of İstanbul
•
Paşabahçe Project
• Bulvar Samsun
•
Torun Tower
•
Kayabaşı Land
Shopping Mall
•
CPAnkara Hotel
•
Torun Center
•
Mall of İstanbul Phase 3
•
5.Levent Phase 1
3
•
MOİ Hilton & High Residence
•
Green: Operational
•
Red: Ongoing projects
•
Purple: Landbank
BURSA
ANTALYA
•
Zafer Plaza Shopping Mall
•
Deepo Outlet Mall
MUĞLA
•
Korupark Shopping Mall
•
Korupark Residences Phases 1-2
• Netsel Marina
•
Mall of Antalya
4
•
Korupark Residences Phase 3
Project Locations - İstanbul -
5
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Disclaimer
Torunlar Gayrimenkul Yatirim Ortakligi AS published this content on 18 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 August 2022 12:25:06 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 
