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Performance & Financial Results 2008-Q1 at İş Yatırım Menkul Değerler A.Ş.

Learn about the performance and financial results of İş Yatırım Menkul Değerler A.Ş. for Q1 2008. Explore their services in brokerage, investment advisory, asset management, corporate finance, and research.

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Performance & Financial Results 2008-Q1 at İş Yatırım Menkul Değerler A.Ş.

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  1. PERFORMANCE & FINANCIAL RESULTS 2008-Q1 İş Yatırım Menkul Değerler A.Ş. Ocak 2005 June 19, 2008

  2. ABOUT US OVERVIEW OF CAPITAL MARKETS OUR PERFORMANCE FINANCIAL RESULTS EXPECTATIONS FOR HE REST OF THE YEAR

  3. THE ONLY LISTED INVESTMENT BANKING INSTITUTION - ISE FITCH: “AAA(tur)” • IS Investment offers variety of domestic and international services, such as; • Brokerage • Investment Advisory • Asset Management • Corporate Finance • Research The leading investment banking institution in Turkey and the investment arm of IS Bank

  4. ABOUT US OVERVIEW OF TURKISH CAPITAL MARKETS OUR PERFORMANCE FINANCIAL RESULTS EXPECTATIONS FOR THE REST OF THE YEAR

  5. PERFORMANCE OF TURKISH CAPITAL MARKETS Equity Market (YTL Billion) Derivative Market (YTL Billion) 193.3 10,4% 302% 117.6 175.1 29.2 2007/Q1 2008/Q1 2007/Q1 2008/Q1 Despite the fluctuation in international markets, equity market increased its trading volume Derivative market’s performance beyond the expectations Bills & Bonds Market (YTL Billion) Eurobonds (YTL Billion) 3,5% 33.5 16.4 33.2 2007/Q1 2008/Q1 2008/Q1 B&B Market displayed almost the same performance The trading volume of Turkish Eurobonds in 2008/Q1 as YTL 16.4 bn

  6. ASSET MANAGEMENT Pension Funds* (USD Million) 144.1 4.131 29.268 25.010 3.813 3.677 21.4 2.048 913 2.048 2006 2007 2008/05 Source: www.tspakb.org.tr Portfolio size of pension funds continue to confirm our claims to be the locomotive of fund business in near future, reaching USD 4.131 mn. despite the weaker performance of the markets

  7. ABOUT US OVERVIEW OF CAPITAL MARKETS OUR PERFORMANCE FINANCIAL RESULTS EXPECTATIONS FOR THE REST OF THE YEAR

  8. LEADER IN THE MARKETS Equity Markets - IS Investment (YTL Billion) Derivative Markets - IS Investment (YTL Billion) 15,94% 6,31% 289% 18.7 12,9% 12.2 6,18% 16,73% 10.8 4.8 2007/Q1 2008/Q1 2007/Q1 2008/Q1 Despite rising trading volumes and international newcomers, we maintain market leadership Our derivative market trading volume almost four-fold the same period of 2007 - Unconstent leadership Bills&Bonds Market - IS Investment (YTL Billion) Eurobond Market - IS Investment (YTL Million) 23,91% 9,90% 63% 144% 1.620 14,64% 8.0 663 4.9 2007/Q1 2008/Q1 2007/Q1 2008/Q1 Our trading volume growth in 2008/Q1 confirms our clear market leadership among the brokerage houses We recaptured our leadership position among the brokerage houses in the market

  9. ASSET UNDER MANAGEMENT AuM & Pension Funds Portfolio Size - IS Asset Management (YTL Million) AuM & Pension Funds portfolio size represent 19,6% and 18,7% of the funds market respectively 173 777 682 902 860 173 410 777 173 682 7.043 516 7.043 6.620 6.950 7.043 6.484 6.003 6.820 516 5.247 6.620 6.484 5.247 2005 2006 2007/H1 2007/Q3 2007 2008/Q1 Source: Is Investment We believe that asset management business is the ascending business of the markets

  10. INTERNATIONAL CAPITAL MARKETS Fixed Income & Equity - IS Investment (USD Million) Derivative - IS Investment (# of Contracts) TMI 114 206% 48.590 408% 2.154 80 663 Equity 9.553 Fixed Income 2007/Q1 2008/Q1 2007/Q1 2008/Q1 Source: Is Investment Fixed income & equity trading volume reached USD 2.3 bn from USD 750 mn surging 206% with respect to the same period of 2007, while performing 48.590 derivative contracts which mainly comes fromour e-trading platform;TradeMaster International

  11. CORPORATE FINANCE M&As Size (USD Million) - IS Investment 1.911 341 1.729 A remarkable performance 708 34.9 38.9 10.8 2007/Q1 2008/Q1 Source: Is Investment 2008 is the year of M&A rather than public offerings

  12. ABOUT US OVERVIEW OF CAPITAL MARKETS OUR PERFORMANCE FINANCIAL RESULTS EXPECTATIONS FOR THE REST OF THE YEAR

  13. MAIN FINANCIAL FIGURES IS Investment 2007/Q1 2008/Q1 YoY ▲% YTL (000) Total Assets 1.232.285 1.482.460 20 Shareholders’ Equity 235.172 229.647 -2* Net Profit 12 6.727 7.547 Net Profit (Declared to the tax authority) n.m. 4.786 -1.497 Consolidated Net Profit Total assets coincide with one third of the whole sector *Implementation of the new IFRS methodology caused a decrease in Shareholders’ equity due to acqusition of IS Asset Management

  14. CONSOLIDATION EFFECT (YTL 000) Profit is in line with expectations except for the consolidation and the marked to market effect of subsidiaries

  15. ISE PERFORMANCE OF OUR SUBSIDIARIES Performance of ISE-100 Index (2008/Q1) ISE-100 IS Investment Trust IS Private Equity Price performance of subsidiaries has smoothed since 2008/Q1

  16. OPERATING EXPENSES YTL (000) 2007/Q1 2007/Q4 2008Q1 QoQ ▲ YoY▲ General Administrative Exp. 10.055 18.231 15.944 -10 58 Marketing and Dist.Exp 1.236 3.241 4.488 38 263 Other 1.132 - 1.536 35 Total 12.423 21.472 21.968 2 76 Increase in operating expenses stemmed from consolidation effect of IS Asset Management

  17. ABOUT US OVERVIEW OF CAPITAL MARKETS OUR PERFORMANCE FINANCIAL RESULTS EXPECTATIONS FOR THE REST OF THE YEAR

  18. EXPECTATIONS FOR THE REST OF THE YEAR • Consolidation effect of subsidiaries is expected to be better • Single stock futures are on the way • We are about to launch two new products • Public offerings are on the pipeline depending on the market conditions • Private Equity Company announced two new exits • Trading foreign securities is booming • Maxis Securities is up and running • Our sixth branch “Yesilkoy-Istanbul” is in operation

  19. INVESTOR RELATIONS Mr. Mert Erdoğmuş Assistant General Manager Phone : +90 0212 350 24 12 Fax: +90 0212 350 20 01 E-mail : merdogmus@isyatirim.com.tr The Investor Relations Department is responsible for the timely communication of necessary, accurate, complete, comprehensible and easily accessible information and explanations, which are not considered to be trade secrets to its shareholders and stakeholders http://www.isinvestment.com/wwa_ir.aspx Mr. Ozan Altan Senior Associate Phone : +90 0212 350 28 72 Fax : +90 0212 350 20 01 E-mail : oaltan@isyatirim.com.tr

  20. The information in this report is prepared by “IS YATIRIM MENKUL DEGERLER A.S.” (İş Investment) and it is not to be construed as an offer or solicitation for the purchase or sale of any financial instrument or the provision of an offer to provide investment services. Information, opinions and comments contained in this material are not under the scope of investment advisory services. Investment advisory services are given according to the investment advisory contract, signed between the intermediary institutions, portfolio management companies, investment banks and the clients. Opinions and comments contained in this report reflect the personal views of the analysts who supplied them. The investments discussed or recommended in this report may involve significant risk, may be illiquid and may not be suitable for all investors. Therefore, making decisions with respect to the information in this reportcause inappropriate results. All prices, data and other information are not warranted as to completeness or accuracy and are subject to change without notice. Any form of reproduction, dissemination, copying, disclosure, modification, distribution and/or publication of this report is strictly prohibited. The information presented in this report has been obtained from sources believed to be reliable. Is Investment cannot be held responsible for any errors or omissions or for results obtained from the use of such information. 20

  21. isyatirim.com.tr isinvestment.com IS INVESTMENT

  22. Performance & Financial Results 2008-Q1 İş Yatırım Menkul Değerler A.Ş. Ocak 2005 June 2008

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