SME Finance In Stock Exchange

Transcription

1. SME FINANCE IN BORSA ISTANBUL 19th November 2015
2. Investment Behaviour vs Funding Behaviour (billion $) 2010 2014 Change (%) Total Financial Investments 579 671 16 Equity Investments in BIST 107 107 - GDP 731 800 9 «WEAK EQUITY INVESTMENT»
3. Investment Behaviour vs Funding Behaviour Balance Sheet Structure of the Largest Industrial Companies in Turkey Share % 1st 500 2nd 500 2010 2014 Change Liability 51 57 +6 Equity 49 43 -6 Liability 55 60 +5 Equity 45 40 -5 Last 289 companies of the largest 1.000 industrial companies in Turkey are SMEs according to EU criterion. «DETERIORATING FINANCIAL STRUCTURE»
4. Investment Behaviour vs Funding Behaviour Funding Preferences of SMEs Banking Sector (billion $) 2010 2014 Change (%) All Credits 343 536 56 Sme Credits 86 149 73 Deposits and Funds 402 454 13 «INCREASING FUNDING NEED»
5. SME IPOs in BIST 160 ,000,000 2 140,000,000 120,000,000 100,000,000 10 ECM 80,000,000 II National 14 60,000,000 4 40,000,000 10 5 9 20,000,000 $ - 1 2009 4 1 2010 2011 2012 2013 2014 2 2 2015
6. Emerging Companies Market for Easy Access Flexible regulation for Application and Admission Market Advisor System Reduced Listing Fees (only for free floating shares) KOSGEB Support Program (Covering ECM IPO costs up to $33.000) Less strict regulation for Financial Tables Disclosure (no audit in semiannual financials) Alternative Trading Methods - Continuous Auction with Market Maker or Call Market Open to all investors
7. SMEs in BIST Year Number of SMEs Total Market Value of SMEs Market Value per SME Funds Raised from SME IPOs (Million USD) (Million USD) (Million USD) 2010 6 233 39 57 2011 22 838 38 156 2012 42 1.177 28 113 2013 52 998 19 40 2014 55 1.270 23 51 2
8. BIST Private Market A web-based private marketplace for venture capitals , private equities, qualified investors and certified angel investors with equity investment opportunities in growing companies and start-ups, Offering: Primary Capital Raising for SMEs Liquidity programs and exit opportunity for existing shareholders Seeking new investment opportunities for qualified investors (both corporate or private) Services provided by brokers, law firms, audit and consultancy companies 8
9. BIST Private Market Step by Step Search Find the counter party you are interested in from the suggestion list or search engine . In order to contact the counter party directly, send an “Indication of Interest (IoI)” Match Upon acceptance of your Indication of Interest by the counter party, you will be accredited to get access to more detailed information. You can start using the secure “Data and Deal Room” for due diligence, document management and negotiations Agree Upon agreement of both parties on the terms and conditions submit an electronic “notification of aggreement”. In this process, intermediaries and service providers provide professional brokerage, independent audit, legal and financial consultancy services. Members also benefit from low-cost services offered by our solution partner service providers. 9
10. BIST PRIVATE MARKET : Benefits  Open to international investors and companies  Easy membership procedure.  Exit opportunity from existing investments through Liquidity Programs  Exemption from the Capital Market Law  Finding new profitable investment opportunities  Access to strategic partnerhips  Access to know how, mentorship  Confidentiality: Tiered information sharing and control of information flow  Flexible infrastructure suitable for intenational cooperations  A secure virtual data room: No fussy paper work, encryption of communications  Networking  Co-investment 10
11. BIST PRIVATE MARKET : Statistics  260 members  100 investors (Total funds to be invested: + 185m Euros)  90 Start-Ups  60 Pre-IPOs (Total funds sought: + 260 M Euros)  10 brokers and service providers  20 Due diligences  The first deal between STC Ventures of Saudi Telecom and Modanisa of 5,5 M USD 11