Turkiye Sinai Kalkinma Bankasi A.s. · BIST:TSKB

Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — Q2 2011 Earnings Presentation

26 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, 2011

  1. Slide 1: Investor Presentation 2Q2011 - BRSA Bank Only Results

    Created with a trial version of Syncfusion Essential PDF Investor Presentation 2Q2011 ‐ BRSA Bank Only Results 1

  2. Slide 2: Turkish Economy

    Turkish Economy GDP Growth (%) Eurozone vs Turkey: Public Debt/GDP 8.9% 8.7% 8.4% (%) 6.9% Eurozone IMF 100 4 7% 4.7% T k Turkey Forecast 90 2.5% 0.7% 80 70 Maastricht Criteria: 60% 60 50 ‐4.8% 40 2005 2006 2007 2008 2009 2010 2011E 2012E 30 2002 2004 2006 2008 2010 2012 2014 Balance of Payments Fis

  3. Slide 3: Turkish Economy

    Turkish Economy Interest Rate Turkey CDS 25 900 Benchmark Bond Rate (Compound) 5yr CDS 23 800 CBRT Policy Rate (Compound) 10yr y CDS 21 700 19 600 Fiyat (bps) 17 500 15 13 400 11 300 9 200 7 100 5 O 08 M 08 E 08 O 09 M 09 E 09 O 10 M 10 E 10 O 11 M 11 CDS & Rating Exchange Rate & Inflation 1.8 14.00

  4. Slide 4: TSKB @ a Glance

    TSKB @ a Glance Ownership Credit Ratings (May 2011) Free Float; 41.6% TSKB Turkey İsbank; 50.0% Fitch LTFC BB + BB+ Moody’s LTIR Ba1 Ba2 Vakifbank; C Corporate G Governance R Rating i 8.4% SAHA 8.92/10 Main Subsidiaries Yatırım Finansman Securities İ Leasing İş • Established in 1950 96% 29% • Larges

  5. Slide 5: Snapshots

    Snapshots • Profitability higher than last year; Implying 6.4% yoy increase, net Income Sustainable reached TRY 130 mn, Profitability; • RoE @ 20.3%, still strong similar to last quarter 20.9% Stable Net Interest • NIM @ 4.11%, flat ytd Margin • C/I ratio @ 15.3%, • Up by 7.4% ytd, total assets keep

  6. Slide 6: Banking Sector vs TSKB

    Banking Sector vs TSKB 2011­2Q Banking Sector TSKB CAR 17.1% 20.3% Loans/ assets 54 % 54.% 65 1% 65.1% NPL 2.9% 0.4% Cost to income 43.6% 15.3% NIM 3.9% 4.1% ROAE 15.5% 20.3% B ki S Banking Sector t TSKB Deposits Long Term 64% Funding 60% 60% off li liabilities biliti are deposits d it 64% off li li

  7. Slide 7: Business Lines

    MAIN BUSINESS LINES Business Lines Corporate Banking Investment Banking Treasury Key Subsidiaries Corporate Loans Corporate Yatırım Finansman Finance ALM Securities Project Finance Brokerage Fixed Income TSKB REIT Apex p Banking g Asset Spot&Derivative p TSKB Real Estate Management Trading Appraisal

  8. Slide 8: Corporate Loans

    Corporate Loans • Corporate Lending and SME Loans L Between 2005‐ 2010, TSKB has • Leasing i financed half of USD 7.7 bn investments and contributed to • Trade Finance the creation of 15.000 • Non­cash Loans new jobs. 8 TSKB @ a Glance | Banking Sector | Business Lines | Financials

  9. Slide 9: Project Finance

    Project Finance • Renewable energy investments reached USD 6.1 bn of which USD 1.8 bn is underwritten by TSKB. • 96 projects j t with ith total t t l installed i t ll d capacity it off 3,335 3 335 MW in Hydro, H dro Wind, Wind Geothermal and Biomass. • 55 of these p projects j are syndicated y with

  10. Slide 10: Apex Banking

    Apex Banking • 13% of lending through APEX scheme • Placed through g 23 intermediary y financial instituions • USD 1.49 bn APEX funds; USD 1,200 mn to exports, exports USD 219 mn to SMEs • Reached over 1,000 companies. 5 Commercial Banks 10 Commercial Banks 12 Leasing Companies 9 Leasing Companies •

  11. Slide 11: Long Term Funding

    Long Term Funding Outstanding Funding Base 3,382 World Bank (IBRD) 3,016 USD mn 2,848 2,513 European Investment Bank (EIB) 2,036 1,670 Council of Europe Development Bank (CEB) 640 368 413 94 258 245 Kreditanstalt für Wiederaufbau (KfW) 2006 2007 2008 2009 2010 2011 2Q 2011­2Q Agence Française de Dev

  12. Slide 12: Funding Base

    Funding Base Funding Long Term Funding; 93% • Total LT outstanding funds: USD mn 3,382 ; Since 2009 totaling USD mn 1,684 agreements were signed. Short Term Funding; 7% • Long term funding average maturity: 12 yrs Outstanding LT Funds • 93% of long term funds guaranteed by Turkish Treasury EIB 35% •

  13. Slide 13: Corporate Finance

    Corporate Finance M&A and Strategic Advisory Privatization Buy­Side Advisory The forefront advisor of the most strategic •The Leading investment bank in the energy sector •Leading asset privatizations •M&A buy‐side mandates of electricity and gas •Recent track record in port, motorways & distributio

  14. Slide 14: Public Offering & Bond Origination

    Public Offering & Bond Origination Public Offering Bond Origination Ongoing 2011 Ongoing Completed • Advisor of Turkish Privatization Administration since February 2011 Türk Hava Yolları • Scope of work includes strategy, valuation, legal infrastructure, Şekerbank Bank Bill Şekerbank Bank Bill marke

  15. Slide 15: Asset Management & Brokerage

    Asset Management & Brokerage Conventional Investment Funds Other Mutual Funds Private Asset Management Assets Manegement TSKB Investment Trust Capital Guaranteed Funds under the Umbrella fund TSKB Investment TSKB Energy Index at ISE Trust Capital Guaranteed Umbrella Funds (TRY mn) AUM (TRY mn) Secon

  16. Slide 16: Financial Highlights

    Financial Highlights Foreign Currency Turkish Lira Assets Liabilites Assets Liabilities Liquid Repo Assets 12% 23% Long Term Long F d Funds Term 12 years Loans 64% 5 years 62% Free Capital 12% TRY FX 16 TSKB @ a Glance | Banking Sector | Business Lines | Financials

  17. Slide 17: Composition of Assets

    Composition of Assets • Loan/ Asset ratio: 65% • Secu Securities/ t es/ Assets: ssets 27% % 31% Liquid 38% 39% 35% Assets • 72% of assets are FX Loans denominated 65% 57% 57% 61% • 62% of liquid assets are TRY Others government bonds 5% 4% 4% 4% 2009 2010­2Q 2010 2011­2Q • Other assets: subsidiaries

  18. Slide 18: Loans

    Loans USD Mn, Loans by Sector 10% Logistics Other 23% 10% 3,427 Energy e gy 3,125 Distrubution 5% Construction 2,642 2,612 5% Metal 4% Tourism 4% Energy 2009 2010‐2Q 2010 2011‐2Q Production 31% Finance 17% • 97% foreign currency denominated Loans by Type • No currency mismatch A Apex 13% Project Fin

  19. Slide 19: Securities Portfolio

    Securities Portfolio TL FX($) • Duration is 12 months in Zero Coupon bonds, 2.9 yrs in FRNs . 327 351 300 337 • 92% is in AFS portfolio. 1,943 1,985 1,881 1,699 • Floating in TRY portfolio: 78% • 76% of the portfolio: TRY 2009 2010­2Q 2010 2011­2Q securities 2010 2011­2Q Private Private Sector Secto

  20. Slide 20: Liabilities

    Liabilities USD mn 4,612 4,585 5,105 5,264 15.0% 12.4% Repo 18.6% 19.1% • Total FX borrowings: USD 3.4 bn Long Term Funds 59 1% 59.1% 64 2% 64.2% • Paid in Capital: 61.8% 58.9% TRY 800 mn Other • Leverage ratio: 6.5X 6.7% 9.9% 8.0% 4.6% 16.0% Equity 15.1% 15.4% 15.4% 2009 2010­2Q 2010 2011­2Q 20 TSK

  21. Slide 21: Shareholder's Equity

    Shareholder’s Equity TRY mn Capital Adequacy Ratio 1,306 25% 25% 1,264 23% 1,117 , 1 041 1,041 20% 22% 22% 20% 18% 2009 2010­2Q 2010 2011­2Q 2009 2010­2Q 2010 2011­2Q CAR Tier 1 Equity Movement Free Capital Ratio 130 1,306 1,264 ­47 ­28 12% 12% 12% 11% 2010 Equity q y Cash Dividend MTM Gains 2011­2Q

  22. Slide 22: Income Breakdown

    Income Breakdown (TRY mn) 2010­2Q 2011­2Q Change Adj. Net Interest Income Bankingg 148.3 160.0 8% Net Commisions Income 6.4 6.8 5% Dividend Income 22 7 22.7 25 0 25.0 10% Other Operating Income 7.9 13.0 65% 11% g Income Net Banking 185 2 185.2 204 7 204.7 11% Personnel Expenses 16.3 19.1 17% Adm. Ex

  23. Slide 23: Quarterly Income Breakdown

    Quarterly Income Breakdown Change (TRY mn) 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 QoQ Adj. Net Interest I Income 72 76 70 71 85 75 ­12% 12% Net Commisions 2 4 2 6 4 3 ‐32% Dividend Income 7 16 0 0 10 15 39% Other Operating Income 3 5 4 5 3 10 292% g Income Net Banking 84 101 76 82 102 103 1% Personnel Expens

  24. Slide 24: Income Breakdown

    Income Breakdown Net Profit Income Breakdown 7% 130 86% 80% 84% 79% 122 Net Interest Income 3% Commissions 3% 4% 4% 12% 7% 12% Dividend 6% 5% 4% 5% 6% Other 2010‐2Q 2011‐2Q 2009 2010‐2Q 2010 2011‐2Q Net Interest Income Breakdown Commission Income Breakdown Liquid Brokerage 16% 38% Assets 27% 25% 50%

  25. Slide 25: Key Performance Indicators

    Key Performance Indicators ROAE 22.7% ROAA Cost to Income 19.5% 20.3% 18.4% 3.5% 17.9% 17 6% 17.6% 3.2% 2.9% 16.0% 2.7% 15.3% 2009 2010­2Q 2010 2011­2Q 2009 2010­2Q 2010 2011­2Q 2009 2010­2Q 2010 2011­2Q Spread NIM 3.2% 3.0% 2.6% 4.39% 4.42% 2.3% 4.32% 4.07% 4.10% 4.11% 2008 2009 2010 2011­2Q 2009 1

  26. Slide 26: Contact Us

    Contact Us Financial Institutions & Investor Relations Meclisi Mebusan Caddesi No: 81 Fındıklı 34427 Istanbul – Turkey Email: fi_ir@tskb.com.tr Tel: +90 (212) 334 5124‐5194‐5129 Fax: +90 (212) 334 5234 Internet: www.tskb.com 26

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