ALARKO REAL ESTATE INVESTMENT COMPANY ( 31.12.2006 )
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ALARKO REAL ESTATE INVESTMENT COMPANY ( 31.12.2006 )
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Transcript of ALARKO REAL ESTATE INVESTMENT COMPANY ( 31.12.2006 )
ALARKO
REAL ESTATE INVESTMENT COMPANY
( 31.12.2006 )
ALARKO REAL ESTATE INVESTMENT COMPANY
Financial and Administrative Vice General Manager
Technical ManagerMarketing & Sales
Vice General Manager
MANAGEMENT
Harun H. MorenoGeneral Manager
Ahmet Y. Varol Mehmet A. Atamer Kadir Eke
Murat GoldştaynMember Member Member Member Independent Independent
Vedat A. Alaton Mustafa Filiz A. Önder Kazazoğlu Hilmi Ö. Şahin
BOARD OF DIRECTORS
İzzet Garih
President
Mehmet Kutman
ALARKO REAL ESTATE INVESTMENT COMPANY
PARTNERSHIP STRUCTURE
FREE FLOAT49%
ALARKO HOLDİNG
A.Ş.16%
ALSİM ALARKO SAN. TES. VE TİC. A.Ş.
35%
ALARKO REAL ESTATE INVESTMENT COMPANY
35,246,9
58,8
78,071,8
76,8
101,3
121,1 121,0124,9
126,8
136,5135,8
114,4125,1
141,5
0 $
20 $
40 $
60 $
80 $
100 $
120 $
140 $
160 $
NAV Mio $
ALARKO REAL ESTATE INVESTMENT COMPANY
TOTAL PORTFOLIO VALUE 152,4 Mio $(- Advances and other (10,9 Mio $)=Net Assets Value= 141,5 Mio $)
CASH PORTFOLIO52,4 Mio $
% 34
REAL ESTATE PORTFOLIO100,0 Mio $
% 66
ALARKO REAL ESTATE INVESTMENT COMPANY
CASH DISPERSION - TOTAL OF 52,4 Mio $
USD65%
EURO25%
YTL7%
STOCKS3%
CASH POSITION YTL
TOTAL YTL USD %
YTL 5.327.715 3,8 $ 7,2%
EURO 18.458.773 13,1 $ 25,0%
USD 47.972.462 34,1 $ 65,1%
STOCKS 1.976.249 1,4 $ 2,7%
GN. TOPLAM 73.735.199 52,4 $ 100,0%
ALARKO REAL ESTATE INVESTMENT COMPANY
35,
2 60,
070
%
46,
926
,3-4
4 %
58,
8 69,
718
%
78,
04
7,5
-39
%
71,8
44,
0-3
9 %
76,8
29,4
-62
%
101
,34
3,4
-57
%
121
,165
,3-4
6 %
121
,07
1,5
-41
% 12
4,9
97,0
-22
%
126
,8
178
,2
41 %
136
,5
176,
7
29 %
135,
81
50,0
10 %
114
,495
,1-1
7 %
125
,199
,0-2
1 %
141
,5
96,9
-32
%
0 $
20 $
40 $
60 $
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Dec.97 Dec.98 Dec.99 Dec.00 Dec.01 Dec.02 Dec.03 Dec.04 Mar.05 Jun.05 Sep.05 Dec.05 Mar.06 Jun.06 Sep.06 Dec.06
BOOK VALUE / MARKET VALUE M io $
Book Value Mio $Market Value Mio $Cha nge (%)
Market Value is as of December 29, 2006.
Book Value is as of December 29, 2006.
35,
2 60,
07
0 %
46,9
26,3
-44
%
58,8 69,
71
8 %
78,0
47,5
-39
%
71,8
44,
0-3
9 %
76,8
29,
4-6
2 %
101
,343
,4-5
7 %
121
,16
5,3
-46
% 12
1,0
71,
5-4
1 %
124,
997
,0-2
2 %
126
,8
178,
2
41
%
136
,5
176
,7 2
9 %
135
,81
50,0
10
%
114,
495
,1-1
7 %
125,
199
,0-2
1 %
141
,5
96,
9-3
2 %
0 $
20 $
40 $
60 $
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240 $
Dec.97 Dec.98 Dec.99 Dec.00 Dec.01 Dec.02 Dec.03 Dec.04 Mar.05 Jun.05 Sep.05 Dec.05 Mar.06 Jun.06 Sep.06 Dec.06
BOOK VALUE / MARKET VALUE Mio $
Book Value Mio $Market Value Mio $Change (%)
ALARKO REAL ESTATE INVESTMENT COMPANY
INDEXES & MARKET VALUES OVER THE YEARS
-40.000.000 YTL
10.000.000 YTL
60.000.000 YTL
110.000.000 YTL
160.000.000 YTL
210.000.000 YTL
260.000.000 YTL
310.000.000 YTL
360.000.000 YTL
0
5.000
10.000
15.000
20.000
25.000
30.000
35.000
40.000
45.000
50.000
Market Value - YTL
ISE Inde x
ALARKO REAL ESTATE INVESTMENT COMPANY
YTL Mio USDREAL ESTATE PORTFOLIO 140.559.678 YTL 100,0 $
- Büyükçekmece Eskice Village Land 12.219.000 YTL 8,7 $- Maslak Land 28.445.000 YTL 20,2 $- Orhanlı Land 13.500.000 YTL 9,6 $- İstanbul Şişhane Building 1.135.000 YTL 0,8 $- İstanbul Karaköy Building 935.000 YTL 0,7 $- Ankara Çankaya Building 2.175.000 YTL 1,5 $- Hillside Beach Club Holiday Village 52.205.000 YTL 37,1 $- Alkent İstanbul 2000 Villa 1.070.000 YTL 0,8 $- Büyükçekmece Eskice Village Real Estate Project 20.632.107 YTL 14,7 $- Orhanlı County Real Estate Project 2.317.546 YTL 1,6 $- Etiler Alkent Shopping Mall 39 Shops 5.926.025 YTL 4,2 $
CASH & OTHER CAPITAL MARKET INSTRUMENTS 73.735.199 YTL 52,4 $- Bank Deposits, Mutual Funds & Other Liquid Assets 17.790.312 YTL 12,6 $- Treasury Bills 53.968.638 YTL 38,4 $- Stocks 1.976.249 YTL 1,4 $
NET ASSETS VALUE 198.940.030 YTL 141,5 $- Real Estate Portfolio 140.559.677 YTL 100,0 $- Bank Deposits, Mutual Funds & Other Liquid Assets 73.735.199 YTL 52,5 $- Receivables 5.907.205 YTL 4,2 $- Liabilities (-) -24.977.648 YTL -17,8 $- Other Assets 3.715.596 YTL 2,6 $
NUMBER OF SHARES (In Thousand) 5.490.100 5.490.100NAV PER SHARE 36,24 YTL 25,8 $
Note: Appraisal values of real estates are updated as of December, 2006 .
ALARKO REAL ESTATE INVESTMENT COMPANY
Carrier / Çankaya - Kira Geliri 186.567 132.000 $ Etiler Alkent Sitesi Dükkan Kira Gelirleri803.375 571.553 $A ltek / Şişhane - Kira Geliri 53.291 37.440 $ Dim Dizayn Mimarlık A.Ş. 41.284 29.371 $
Hillside Beach Club - K ira Geliri 4.836.190 3.440.659 $ Karaköy Binası - Kira Geliri 71.500 50.868 $Ara Toplam 5.076.048 3.610.099 $ Ara Toplam 916.159 651.792 $
148.9720
2.630.877
6.482
672.907
131.686
1.357.394
283.474
2.047.408
434.718
3.793.142
582.892
677.401156.976
1.351.668
268.115
2.049.940
449.149
3.610.099
651.792
0 $
500.000 $
1.000.000 $
1.500.000 $
2.000.000 $
2.500.000 $
3.000.000 $
3.500.000 $
4.000.000 $
4.500.000 $
5.000.000 $
Dec.03 Dec.04 Mar.05 Jun.05 Sep.05 Dec.05 Mar.06 Jun.06 Sep.06 Dec.06
RENTAL REVENUE OVER THE YEARS Re ntal Revenue from Outside Tenants- $
Rental Revenue from Group Companies - $
ALARKO REAL ESTATE INVESTMENT COMPANY
Alkent İstanbul 2000
ALARKO REAL ESTATE INVESTMENT COMPANY
Alkent İstanbul 2000
Entrance of Alkent İstanbul 2000
ALARKO REAL ESTATE INVESTMENT COMPANY
Alkent İstanbul 2000
Marbella Sophistica
Magnolia
ALARKO REAL ESTATE INVESTMENT COMPANY
Lusia
Alkent İstanbul 2000
ALARKO REAL ESTATE INVESTMENT COMPANY
Etiler Alkent Shopping CenterThe Last Appraisal Date / Value: 15.12.2006 / 5.925.000 YTL ( 4.155.000 $ )
Purchase Date / Cost: 31.12.2004 / 4.200.000 YTL (3.129.424 $)
39 stores in Etiler Alkent Shopping Center
ALARKO REAL ESTATE INVESTMENT COMPANY
Maslak LandThe Last Appraisal Date / Value: 15.12.2006 / 28.445.000 YT (19.947.000 $)
The Purchase Date / Cost: 30.04.2003 / 12.577.157 YTL (7.950.847 $)
Maslak Mixed Use Development
2 parcels, 18.962 m², on the motorway of Şişli-İstinye Büyükdere and the land has a great commercial potential.
ALARKO REAL ESTATE INVESTMENT COMPANY
Orhanlı Land 1 Parcel / area : 103.820,54 m2
Location: İstanbul, Orhanlı Town near
to Sabiha Gökçen Airport
The Last Appraisal Date / Value: 28.12.2006 / 13.500.000 YTL (9.460.000 $)
Purchase Date / Cost: 14.06.2006 / 11.420.260 YTL (8.008.400 $)
53.357,66 m2 of 103.820,54 m2 is construction area.Construction permit was taken on 15.12.2006
There is a project to construct 280 apartment flats and 20 villas.
ALARKO REAL ESTATE INVESTMENT COMPANY
Hillside Beach Club
The Last Appraisal Date / Value: 15.12.2006 / 52.205.000 YTL (36.610.000 $)
Purchase Date / Cost: 21.04.2004 / 38.567.795 YTL (25.956.908 $)
Holiday Village in Fethiye/Muğla
ALARKO REAL ESTATE INVESTMENT COMPANY
Büyükçekmece / Eskice TerrainGolf Parcels Housing Parcel
The Appraisal Date / Value: 15.12.2006 / 7.100.000 YTL (4.980.000 $)
Purchase Date / Cost: 01.08.2001 / 204.982 YTL (154.924 $)
5 parcels, 819.272 m²
The Appraisal Date / Value: 15.12.2006 / 7.100.000 YTL (4.980.000 $)
Purchase Date / Cost: 01.08.2001 / 204.982 YTL (154.924 $)
5 parcels, 819.272 m²
5 parcels, 819.272 m² & 1 parcel, 239.466 m².
There is a project to construct 63 villas on the parcel of 239.466 m² and another project to construct 18 hole championship golf course on the parcel of 819.272 m².
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