TORUNLAR GROUP OF COMPANIES TODAY (As of 31.12.2020)
Key Facts
million TRY
2019
2020
Change
Total Assets
22,989
24,586
7%
Total Equity
10,863
11,417
5%
Total Sales
6,753
8,534
26%
Employees
879
796
-9%
Cities of
Operation
12
12
0%
Note: Torunlar REIC and Başkentgaz figures are IFRS and Torunlar Gıda figures are based on 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 among the listed REIC's on BIST
company of Turkey
▪ Competes against such multinationals as
▪ Best and most diversified portfolio
▪ 1.9 million total customers
Cargill, Bunge and Cofco
▪ Exceeding 604,000 m2 GLA
▪ 3.5 billion m³ natural gas sales and distribution
volume
▪ 12,992 km of grid length
2
Torunlar REIC Key Overview
TRY (000)
2017
2018
2019
2020
9M 2021
Sales
780,140
1,954,283
991,087
1,105,948
1,023,173
Residence & Office
286,070
1,307,091
234,647
516,168
394,310
Mall & Office rental
411,150
526,116
616,198
476,542
488,058
Other
82,920
121,076
140,242
109,349
106,851
Hotel Revenue
0
0
0
3,889
33,954
EBITDA
491,066
929,765
644,780
636,099
753,530
EBITDA Margin
62.9%
47.6%
65.1%
57.5%
73.6%
Net Profit
455,108
1,287,204
865,790
293,001
67,162
N. Profit excl. fair
81,058
-407,367
-88,331
-400,820
67,162
value gains
Market Cap
3,330,000
1,510,000
2,750,000
3,900,000
3,380,000
Portfolio Value
10,347,221
12,401,554
13,804,655
14,315,590
14,279,149
Net Asset Value
6,378,657
7,613,718
8,478,139
8,769,917
8,837,079
Capex
717,660
510,254
339,605
162,811
27,635
Net Debt
3,004,044
3,989,698
4,245,128
4,454,075
4,348,928
LTV
29.38%
33.95%
33.25%
33.33%
32.72%
Portfolio Breakdown 14.3 billion TRY
Strategic Pillars
Strong sales growth with cumulative 5.6 billion TRY within 3 years
Deleveraging from a net debt to a net cash within 2024
Completion of the project pipeline with 1.7 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 I-II
• Netsel Marina
•
Mall of Antalya
4
•
Korupark Residences Phase III
Project Locations - İstanbul -
5
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Disclaimer
Torunlar Gayrimenkul Yatirim Ortakligi AS published this content on 04 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 November 2021 08:37:03 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 
