29
“Innovative Investment Banking“ Banking“ DECEMBER 2016

“Innovative Investment Banking“docs.teramenkul.com/pdf/en/company-presentation/tera-yatirim... · Wakalah Sukuk Mudaraba Sukuk Mushararah Sukuk Murabahah ... Assignment of Net

Embed Size (px)

Citation preview

Page 1: “Innovative Investment Banking“docs.teramenkul.com/pdf/en/company-presentation/tera-yatirim... · Wakalah Sukuk Mudaraba Sukuk Mushararah Sukuk Murabahah ... Assignment of Net

“InnovativeInvestment

Banking“Banking“

DECEMBER 2016

Page 2: “Innovative Investment Banking“docs.teramenkul.com/pdf/en/company-presentation/tera-yatirim... · Wakalah Sukuk Mudaraba Sukuk Mushararah Sukuk Murabahah ... Assignment of Net

CONTENTS

TERA IN BRIEF

DEPARTMENTS

FINANCIAL OUTLOOKFINANCIAL OUTLOOK

WHAT MAKES US DIFFERENT

CONTACT

Page 3: “Innovative Investment Banking“docs.teramenkul.com/pdf/en/company-presentation/tera-yatirim... · Wakalah Sukuk Mudaraba Sukuk Mushararah Sukuk Murabahah ... Assignment of Net

TERA IN BRIEF

Page 4: “Innovative Investment Banking“docs.teramenkul.com/pdf/en/company-presentation/tera-yatirim... · Wakalah Sukuk Mudaraba Sukuk Mushararah Sukuk Murabahah ... Assignment of Net

TERA IN BRIEF

• Title :Tera

• Date of Incorporation :1990

• Headquarter :Istanbul

• Branches :Istanbul, Antalya

• # of Employees :100

• Credit Rating :A- (Trk)

• Shareholder’s Equity :TL 32 mn

• Assets :TL 112 mn

• #of Active Customers : ~3,000

25 Years of Market Experience…

Power of being a broadly authorized intermediary institution..

SUMMARY INFO

MEMBERSHIPS

Borsa Istanbul• #of Active Customers : ~3,000

• Participations : Tera Asset Leasing Company

4

Turkish Capital Markets Association

AUTHORIZATIONS

Equity and Debt Securities Brokerage

Equities Credit Sale and Purchase, Short Sales

Intermediation for Portfolios

Intermediation for IPOs

Limited Custody

Capital Markets Board of Turkey

Central Registry Agency

Istanbul Settlement and Custody Bank Inc.

Public Disclosure Platform

Page 5: “Innovative Investment Banking“docs.teramenkul.com/pdf/en/company-presentation/tera-yatirim... · Wakalah Sukuk Mudaraba Sukuk Mushararah Sukuk Murabahah ... Assignment of Net

SHAREHOLDER STRUCTURE

• Oguz Tezmen: 45.84%

• Emre Tezmen: 32.42%

• Gul Ayse Colak: 12.42%

• Suleyman Yildirim: 6.57%

•Myra Arac Kiralama: 2.75%

BOARD of DIRECTORS

• Oguz Tezmen: Chairman of the Board

• Emre Tezmen: Deputy Chairman of the Board / CEO

• Gul Ayse Colak: Board Member

TERA IN BRIEF

Araştırma

Kurumsal

ORGANIZATIONAL STRUCTURE

Brokerlar

ICM

VİOP

Bilgi İşlem

Kaldıraçlı Alım Satım İşlemleri

Yurtiçi Türev/Opsiyon

KurumsalFinansman

Finansal Danışmanlık

5

BoD

Audit

Research Institutional Sales

Accounting & Operations

&Information Technologies

Domestic Equities

BoD

ResearchInstitutional Institutional

Sales

Accounting & Accounting &

Operations

Information Technologies

Domestic Equities

Derivative Markets

Investment Banking

Audit

Page 6: “Innovative Investment Banking“docs.teramenkul.com/pdf/en/company-presentation/tera-yatirim... · Wakalah Sukuk Mudaraba Sukuk Mushararah Sukuk Murabahah ... Assignment of Net

DEPARTMENTS

6

Page 7: “Innovative Investment Banking“docs.teramenkul.com/pdf/en/company-presentation/tera-yatirim... · Wakalah Sukuk Mudaraba Sukuk Mushararah Sukuk Murabahah ... Assignment of Net

INVESTMENT BANKING DIVISION

SERVICES OFFERED

A. Providing Financing from Capital Markets

1. Financing through Debt Securities

Thanks to the recent additions to its team, TERA aims to introduce fresh

perspectives into Turkish Capital Markets within the realm of investment banking.

Bonds NotesTERA was the intermediary for the issuance of

TL1mr corporate bonds in the last 2 years.

2. Islamic Financing

Wakalah Sukuk

Mudaraba Sukuk

Mushararah Sukuk

Murabahah Sukuk

The usage of sukuk for project finance purposes first time in Turkey,

Issuance of first Islamic debt securities,

are realized by the TERA’s team and they are awarded by the Banker for the recognition of such accomplishments.

With its experienced team,TERA aims to execute groundbreaking deals in Islamic Finance.

7

Page 8: “Innovative Investment Banking“docs.teramenkul.com/pdf/en/company-presentation/tera-yatirim... · Wakalah Sukuk Mudaraba Sukuk Mushararah Sukuk Murabahah ... Assignment of Net

INVESTMENT BANKING DIVISION

SERVICES WE PROVIDE

3. Structured Finance

We provide corporations long term and riskless

source of financing via securitization method.

Asset Back Securities

Asset Guaranteed Securities

Mortgage Based Securities

Mortgage Backed Securities

4. Common Stock Valuation Pre-IPO 4. Common Stock Brokerage Financing

Valuation Pre-IPO structuring

B. Financial Consulting

1. M&As

2. Privatizations

3. Debt Financing

C. Wealth Management*

For Qualified Investors

1. Investment Consulting

2. Portfolio Management Consulting

(*) Capital Market Board application process is continuing.

8

Page 9: “Innovative Investment Banking“docs.teramenkul.com/pdf/en/company-presentation/tera-yatirim... · Wakalah Sukuk Mudaraba Sukuk Mushararah Sukuk Murabahah ... Assignment of Net

INVESTMENT BANKING TOMBSTONES

2010

2011

IPO of 625 million shares

Emlak Konut REIT *Uyum Gida ve Ihtiyac Maddeleri

Sanayi ve Ticaret

IPO of 6 million shares

IPO of ~3.2 million shares

Info Yatirim *RHEA Venture Capital

Sales of ~4.4 million shares in BIST 2011

2012

shares shares in BIST Wholesale Market

IPO of ~16.8 million shares

Karakaş Atlantis Kiymetli Madenler Kuyumculuk *

TGS Foreign Trade *Tumosan Motor ve Traktor Sanayi *

IPO of 2.5 million sharesIPO of 30 million shares

9

(*) Part of the Consortium

Page 10: “Innovative Investment Banking“docs.teramenkul.com/pdf/en/company-presentation/tera-yatirim... · Wakalah Sukuk Mudaraba Sukuk Mushararah Sukuk Murabahah ... Assignment of Net

INVESTMENT BANKING TOMBSTONES

2013

IPO of ~16.5 million shares

Akyürek Pazarlama A.Ş. * Beyaz Fleet Leasing

TL50mn – 2 year maturity bond issue

SPO of ~1.3 billion shares

Emlak Konut REIT*Halk REIT *

IPO of ~185.5 million shares2013 shares million shares

TL100mn – 2 year maturity bond issue

(January 2013)

Net Holding Net Holding Martı Otel

TL100mn – 2 year maturity bond issue(November 2013)

TL40mn – 2 year maturity bond issue

10

(*) Part of the Consortium

Page 11: “Innovative Investment Banking“docs.teramenkul.com/pdf/en/company-presentation/tera-yatirim... · Wakalah Sukuk Mudaraba Sukuk Mushararah Sukuk Murabahah ... Assignment of Net

INVESTMENT BANKING TOMBSTONES

2014

AvivaSA Emeklilik ve Hayat * Lider Faktoring*

IPO of ~ 4.5 Million Shares

Assignment of Net Turizm’s 150 Million

~ TL 200 Million two-year Term

Net Holding Net Holding

IPO of ~ 7 Million Shares

2014 Turizm’s 150 Million shares to Net Holding

A.S. on BIST Wholesale market

two-year Term Bond Issue

Privatization of Milli Piyango with TL 3.3 Billion Tender Price

-Advisory

Net SansUlusoy Un Sanayi

ve Ticaret *VARYAP Varlibaslar

Yapı Sanayi

IPO of ~ 23.5 Million Shares

~ TL 30 Million one-year Term Bond Issue

11(*) Part of the Consortium

Page 12: “Innovative Investment Banking“docs.teramenkul.com/pdf/en/company-presentation/tera-yatirim... · Wakalah Sukuk Mudaraba Sukuk Mushararah Sukuk Murabahah ... Assignment of Net

INVESTMENT BANKING TOMBSTONES

2015

Net Holding A.Ş.

Uşak Seramik A.Ş.

~ TL 100 Million two-year Term

Bond Issue

~ TL 30 Million two-year Term

Bond Issue

Tera

~ TL 30 Million 90 Days Term Bond

Issue

~ TL 30 Million 179 Days Term Bond

Issue

2015

12

VARYAP Varlibaslar Yapı Sanayi

~ TL 30 Million 364 Days Term

Bond Issue

Arena Factoring

~ TL 10 Million two-year Term

Bond Issue

Karadeniz Holding

728 Days Term Term Bond Issue

15 Million15 Million15 Million12 Million15 Million

Page 13: “Innovative Investment Banking“docs.teramenkul.com/pdf/en/company-presentation/tera-yatirim... · Wakalah Sukuk Mudaraba Sukuk Mushararah Sukuk Murabahah ... Assignment of Net

INVESTMENT BANKING TOMBSTONES

Mergers & Acquisitions

Arena Factoring

TERAacted as

Sole Financial Advisor

Ticaret Securities

Tera Asset Leasing Company, whose

sole owner is Tera Menkul, has been

operating as of February 10, 2015 and

will be issuing lease certificates in

2015.

13

TERAacted as

Sole Financial Advisor

Fund statue of "Tera Menkul

Değerler A.Ş. (1) No'lu Ticari

Krediler Varlık Finansmanı Fonu"

has been approved by Istanbul Trade

Registry Office as of April 14, 2015

Page 14: “Innovative Investment Banking“docs.teramenkul.com/pdf/en/company-presentation/tera-yatirim... · Wakalah Sukuk Mudaraba Sukuk Mushararah Sukuk Murabahah ... Assignment of Net

YATIRIM BANKACILIĞI BÖLÜMÜ TAMAMLANAN PROJELER

2016

~ TL 10 Million 728 Days Term

Bond Issue

Arena Factoring

~ TL 10 Million 728 Days Term

Bond Issue

Tera

~ TL 30 Million 179 Days Term

Bond Issue

~ TL 45 Million 179 Days Term

Bond Issue2016

14

VARYAP Varlıbaşlar Yapı Sanayi A.Ş.

~ TL 30 Million 364 Days Term

Bond Issue

Karadeniz Holding

728 Days Term;• 28 MillionTL• 36.5 Million TL

Page 15: “Innovative Investment Banking“docs.teramenkul.com/pdf/en/company-presentation/tera-yatirim... · Wakalah Sukuk Mudaraba Sukuk Mushararah Sukuk Murabahah ... Assignment of Net

YATIRIM BANKACILIĞI BÖLÜMÜ TAMAMLANAN PROJELER

2016

VIA Gayrimenkul Yatırım Ortaklığı *

~IPO of ~ 22.5 Million Shares

2016

15

(*) Part of the Consortium

Page 16: “Innovative Investment Banking“docs.teramenkul.com/pdf/en/company-presentation/tera-yatirim... · Wakalah Sukuk Mudaraba Sukuk Mushararah Sukuk Murabahah ... Assignment of Net

RESEARCH

Our Research Team aims for

providing quality Turkish and

English Company, Macro Economics,

Strategy and Sector research

reports to give investors

understandable clear advices

Tera Research Team also supports other

departments for analyzing & valuation with

efficiently use of industrial analyzing experience.

Sectors

Banking Glass

TERA Research Team is

experienced in variable sectors

thanks to active involvement in

capital markets.

Steel Aviation

ConstructionAutomotive

Energy

Mining Media

TelecomPetro-Chemicals

Tourism

Oil&Gas Insurance

16

Page 17: “Innovative Investment Banking“docs.teramenkul.com/pdf/en/company-presentation/tera-yatirim... · Wakalah Sukuk Mudaraba Sukuk Mushararah Sukuk Murabahah ... Assignment of Net

INSTITUTIONAL SALES

Institutional Sales Team gives service to international institutional

clients (such as mutual funds and hedge funds) and domestic

institutional clients (mutual funds, portfolio management companies,

pension companies, foundations etc.)

Services:

Equity BrokerageEquity Brokerage

Marketing of research reports

Marketing of primary market products

Intermediation of fixed income securities

trading

17

Page 18: “Innovative Investment Banking“docs.teramenkul.com/pdf/en/company-presentation/tera-yatirim... · Wakalah Sukuk Mudaraba Sukuk Mushararah Sukuk Murabahah ... Assignment of Net

DOMESTIC BROKERAGE

As an active member of Turkish capital markets, TERA extends brokerageservices actively in BIST stock market.

TERA, extends brokerage services with

expert staff and advanced technology in

head office and in 3 branches.

Thansk to our Investor Centers, our

investors follow BIST instantly and

reach the right information.

TERA, aims to add value to your investments with secure and fasttransaction quality.

Our Services

Margin Trading in Stocks

Securities lending

Capital increase and dividend payments

Custodian services

In 2015, TERA has 3.7% market

share and ranked as 8th in Stock

Market excluding banks subsidiary

brokerage houses.

18

Page 19: “Innovative Investment Banking“docs.teramenkul.com/pdf/en/company-presentation/tera-yatirim... · Wakalah Sukuk Mudaraba Sukuk Mushararah Sukuk Murabahah ... Assignment of Net

FOREX

Tera FX has become one of the fully licensed forex

trading house after Capital Markets Board has

decided to supersede the sector

Tera FX, ranked as 21th among 40 instutions in

total trade volume at the end of FY 2015.

Number of customers increased by 120% y/y in ‘15Number of customers increased by 120% y/y in ‘1595% of the first-time

deposit customers

continue trading in

Tera FX. Our customer

oriented approach is

being awarded by

customer loyalty.

19

Tera FX has zero customer complaint at the first

quarter of FY 2016.

Tera FX’s ratio of rejected order is 0% at thefirst quarter of FY 2016.

Page 20: “Innovative Investment Banking“docs.teramenkul.com/pdf/en/company-presentation/tera-yatirim... · Wakalah Sukuk Mudaraba Sukuk Mushararah Sukuk Murabahah ... Assignment of Net

FUTURES AND OPTIONS MARKET (VIOP)

Index and exchange contracts are the most active markets, while the interest on

the other markets is increasing gradually.

Tera intermediates futures and options

contracts trading in Borsa İstanbul Futures and

Options Market (VIOP).

Excluding bank subsidiary

brokerage houses, TERA, has

2.6% market share in VIOP in

2015.

Our intermediation list on

futures contracts

Currency Contracts

Index Contracts

Precious Stones

20

Page 21: “Innovative Investment Banking“docs.teramenkul.com/pdf/en/company-presentation/tera-yatirim... · Wakalah Sukuk Mudaraba Sukuk Mushararah Sukuk Murabahah ... Assignment of Net

FINANCIAL OUTLOOK

Page 22: “Innovative Investment Banking“docs.teramenkul.com/pdf/en/company-presentation/tera-yatirim... · Wakalah Sukuk Mudaraba Sukuk Mushararah Sukuk Murabahah ... Assignment of Net

FINANCIALS

Assets (Million TL)

27,7

56,572,2

98,9112,5

Shareholders Equity (Million TL)

10,4 12,014,7

26,0

32,0+%42CAGR*+%32,4CAGR*

2011 2012 2013 2014 2015 2011 2012 2013 2014 2015

Net Income (Million TL)

0,6 0,2

2,7

5,65,9

2011 2012 2013 2014 2015

5,6%

1,7%

18,4%21,7%

18,5%

2011 2012 2013 2014 2015

Return on Equity

+%78,3CAGR*

(*) Compound annual growth rate

22

Page 23: “Innovative Investment Banking“docs.teramenkul.com/pdf/en/company-presentation/tera-yatirim... · Wakalah Sukuk Mudaraba Sukuk Mushararah Sukuk Murabahah ... Assignment of Net

FINANCIALS

Assets (Million TL) Shareholders Equity (Million TL)

112,5 32,0

TERA, whose net profit amounted to TL 5.6 million in 2014, increased

its shareholders equity to TL 32 million thanks to the net profit

amounting to TL 5.9 million at the end of FY 2015.

23

72,2

98,9112,5

2013 2014 2015

14,7

26,0

32,0

2013 2014 2015

Page 24: “Innovative Investment Banking“docs.teramenkul.com/pdf/en/company-presentation/tera-yatirim... · Wakalah Sukuk Mudaraba Sukuk Mushararah Sukuk Murabahah ... Assignment of Net

RANKING IN THE SECTOR

4338 40

2725

21 24

2009 2010 2011 2012 2013 2014 2015

According to Asset SizeThere are 74 companies in the sector, and TERA’s

rank is increasing with management

effectiveness vis-à-vis profitable growth.

1,2%

5,2%

Our ROA and Ranking

61Excluding bank subsidiary brokerage houses,

TERA ranks 9th on Assets , 16th on Equity

and 7th on Net Income.

23

6460

5052

4238

35

2009 2010 2011 2012 2013 2014 2015

According to Equity

1,2%

2009 2015

4,9%

18,1%

2009 2015

Our ROE and Ranking

Resource: The Capital Markets Association

and 7th on Net Income.

13

55

24

Page 25: “Innovative Investment Banking“docs.teramenkul.com/pdf/en/company-presentation/tera-yatirim... · Wakalah Sukuk Mudaraba Sukuk Mushararah Sukuk Murabahah ... Assignment of Net

WHAT MAKES US DIFFERENT

Page 26: “Innovative Investment Banking“docs.teramenkul.com/pdf/en/company-presentation/tera-yatirim... · Wakalah Sukuk Mudaraba Sukuk Mushararah Sukuk Murabahah ... Assignment of Net

WHY TERA

Independent house with customer satisfaction in focus,

Quality and experienced personnel,

Strong capitalization and profitability,

THANKS TO HIGHLIGHTED QUALITIES, TERA...

Experience over 25 years,

Innovative approach to the investment banking sector,

Staff experienced in ABS issuance,

...IS A PREFERRED INVESTMENT HOUSE OF TURKEY.

Both local and international strong investor base,

Knowhow in Sukuk,

26

Page 27: “Innovative Investment Banking“docs.teramenkul.com/pdf/en/company-presentation/tera-yatirim... · Wakalah Sukuk Mudaraba Sukuk Mushararah Sukuk Murabahah ... Assignment of Net

RATING REPORT 2/1

27

Page 28: “Innovative Investment Banking“docs.teramenkul.com/pdf/en/company-presentation/tera-yatirim... · Wakalah Sukuk Mudaraba Sukuk Mushararah Sukuk Murabahah ... Assignment of Net

RATING REPORT 2/2

28

Page 29: “Innovative Investment Banking“docs.teramenkul.com/pdf/en/company-presentation/tera-yatirim... · Wakalah Sukuk Mudaraba Sukuk Mushararah Sukuk Murabahah ... Assignment of Net

CONTACT

Istanbul Headquarters

Eski Buyukdere Cad. Iz Plaza Giz No:9 Floor:11 Maslak Sariyer / Istanbul

Telephone: (+90) 212 365 10 50

Fax: (+90) 212 290 69 95

Web Site: www. terayatirim.comWeb Site: www. terayatirim.com

Antalya Office

Kısla Mah. Güllük Cad. Soytas Ulukut Is Merkezi

No:10/21 ANTALYA

Tel:(+90) 242 243 50 00

Fax:(+90) 242 243 50 44

Levent Office

Sultan Selim Cad. No:1 Kat:5 Kağıthane /

İSTANBUL

Tel:(+90) 212 365 10 00

Fax:(+90) 212 232 47 60

Branches

29