Turkiye Sinai Kalkinma Bankasi A.s. · BIST:TSKB
Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — Q1 2010 Earnings Presentation
21 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, 2010
Slide 1: Investor Presentation 1Q2010 BRSA Results
Created with a trial version of Syncfusion Essential PDF Sixty years of sustainable rythm in the Turkish economyy Investor Presentation 1Q2010‐ BRSA Results
Slide 2: TSKB @ a Glance
TSKB @ a Glance Ownership TSKB Credit Ratings (Jan 2010) Fitch LTFC BB+ 42% İs Bank 50.1% Vakif Bank Moody’s LTFC Ba3 Free Float Corporate Governance Rating 8% % SAHA 8.77/10 Main Subsidiaries Yatırım Finansman Securities İş Leasing Established in 1950 29% Largest private investment & developmen
Slide 3: Financial Highlights
Financial Highlights Assets Liabilities Long ROE : 20.7% Term FX Loans Long NPL : 0.5% 5y Term 57% Funds 10 y CAR : 24.9% % 58% Financial Summary y (USD mn) Assets 4,657 Liquid Repo (TRY) Assets 19% Loans 2,648 (TRY) 30% Equity 728 TRY Net Income 36 Paid‐in Capital 600 mn TRY Free Capital 11%
Slide 4: Banking Sector vs TSKB
Banking Sector vs TSKB 1Q 2010 1Q2010 Banking Sector TSKB Development & Investment Banking Group CAR 19.9% 24.9% Number of Banks: 13 Loan/assets 48.9% 56.9% NPL 4.9% 0.5% St t Banks: State B k 3 Cost to income 35.6% 15.6% Private Turkish Banks: 6 NIM % 5.4% 4.5% % Foreign g Banks: 4 ROAE 22.0% 20.7
Slide 5: Business Lines
MAIN BUSINESS LINES Business Lines Corporate Banking Investment Banking Treasury Key Subsidiaries Corporate Loans Corporate Yatırım Finansman Finance ALM Securities Apex Banking Brokerage Fixed Income TSKB REIT Project Finance Asset Spot&Derivative TSKB Real Estate Management Trading Appraisal Trade
Slide 6: Loans
Loans Total Loan Portfolio Loans by Types Loans by Sectoral Breakdown Apex Project j Transp & Finance; 24% Finance Commun.; 30% 34% 7% USD 2 6 bn 2.6 Energy; Other; 29% 22% Corporate Loans 42% 5 years of average maturity 57% of corporate loans are disbursed to mid‐sized SMEs More than 4,000 pro
Slide 7: Corporate Loans
Corporate Loans Corporate Lending and SME Loans Specific funds to finance investment projects of mainly small and mid size SMEs operating in the manufacturing industry, agricultural industry, d construction, tourism and d services sectors. Specific funds to promote Renewable Energy and Energy effici
Slide 8: Project Finance
Project Finance Energy Renewable energy investments reached USD 3.9 bn,, of which USD 1.3 bn is underwritten by y TSKB. 84 projects with total installed capacity of 2 286 MW in 2,286 i Hydro, H d Wind, Wi d Geothermal G th l and d Biomass. 15.5% 45 off these th projects j t are syndicated di t
Slide 9: Apex Banking
Apex Banking 24% of lendingg through g APEX scheme Placed through 22 i t intermediary di fi financial i l institutions 10 Commercial 12 Leasing USD 1 bn APEX funds Banks Companies Reached 815 SMEs SMEs & Exporters 9 TSKB @ a Glance | Banking Sector | Business Lines | Financials
Slide 10: Long term Funding
Long term Funding Outstanding Funding Base European Investment Bank (EIB) USD mn World Bank (IBRD) 2,848 2,513 2,036 , Council of Europe Development Bank (CEB) 1,670 1,293 Japan Bank for Int’l Cooperation (JBIC) 640 312 368 413 94 Kreditanstalt für Wiederaufbau (KfW) 2005 2006 2007 2008 2009 Agence
Slide 11: Long term Funding
Long term Funding M Multilateral ltil t l F Funding di A Agreements t ((p.a.)) 1,039 93% USD mn 549 472 Long term funding through 279 multinationals within the scope 145 of country assistance programs Average Maturity: 10 years 2005 2006 2007 2008 2009 92 % of long terms funds Outstanding Fund
Slide 12: Corporate Finance
Corporate Finance M&A Continues Continues October 2009 August 2008 Impressive track record of M&A buy‐side and sell‐ side mandates in numerous industrial,, commercial Motorways y & Bridges g İskenderun Port Çoruh Electric Dsitribution Ç Meyy İçki ç and infrastructure projects. MGB Joint Venture TS
Slide 13: Asset Management & Brokerage
Asset Management & Brokerage Brokerage Investment Advisory and brokerage services to private & institutional customers in equity, fixed income, FX and derivative products TSKB Trading T di Pl Platform f (TTP) and d two b branches h to enhance h secondary d market activities Asset Management Private
Slide 14: Composition of Assets
Composition of Assets USD Mn 4,096 3,989 4,612 4,657 Loan/Asset ratio is 57%. 65% of assets are FX 31% 33% denominated. 38% 38% Liquid Assets 72% of liquid assets are TRY government bonds. Other assets are subsidiaries Loans and tangible assets. 63% 60% 57% 57% Total Assets (TRY) Others 6% 7
Slide 15: Loans
Loans USD Mn 2,800 63% 63% 57% 57% 70% 98% foreign currency denominated 50% No currency mismatch 2 600 2,600 2 642 2,642 2 648 2,648 30% 2,580 2,580 10% 52% in EUROs 2,400 10% 46% in USDs 2008 1Q‐09 2009 1Q‐10 Loans Loans/Assets 100% Coverage Ratio NPL Ratio Collateral Base 5.20% 4.89% 4.4
Slide 16: Securities Portfolio
Securities Portfolio Securities Portfolio TRY FX ($) 327 381 303 299 TRY portion 1,943 1,952 77% 1,511 1,315 2008 1Q 09 1Q09 2009 1Q 10 1Q10 2009 1Q10 FX FX Floating Floating Duration is 4m in Zero coupon 5% Zero 4% bonds, 3.3y in FRN’s. Zero Coupon TRY Coupon TRY Bonds Floating Bonds Floating
Slide 17: Liabilities
Liabilities 4.195 4,096 3.989 3,989 4.612 4,612 4.657 4,657 13.0% Repo 16.2% 18.6% 19.8% Total FX borrowings: Long Term USD 3.8 bn Funds 68.4% 64.7% 61.8% 58.2% Other Equity increased by 7% 4.6% 6 3% 6.3% 6.5% 7.2% Equity 12.1% 11.9% 15.1% 15.6% 2008 1Q 09 1Q09 2009 1Q 10 1Q10 17 TSKB @ a Glan
Slide 18: Shareholder’s Equity
Shareholder’s Equity 7% Capital Adequacy Ratio TRY mn 1,115 1,041 800 25% 25% 750 21% 21% 22% 22% 20% 19% 2008 1Q09 2009 1Q10 2008 1Q09 2009 1Q10 CAR Tier 1 Equity Movement Free Capital Ratio 56 1,115 18 1041 11.0% 11.5% 8.5% 8.5% Equity as of 2009 MTM Gains Net Profit 1Q 2010 Equity as of 1Q 20
Slide 19: Income Breakdown
Income Breakdown (TRY mn) 1Q09 1Q 09 1Q10 1Q 10 Change Adj. Net Interest Income 42.2 72.0 71% Income Breakdown Net Commissions 1.4 2.2 59% Interest Income Dividend Income 2.1 6.7 223% Oth O Other Operating ti IIncome 29 2.9 30 3.0 3% Other Net Banking Income 48.6 83.8 73% 85% 86% 86% 87% Personnel
Slide 20: Ratios
Ratios ROAE ROAA 30.0% 3.2% 3.5% 20.7% 3.0% 2.7% 19.5% 20.0% 17.6% 2.5% 2.1% 2.1% 16.0% 2.0% 1.5% 10.0% 1.0% 0.5% 0.0% 0.0% 2008 1Q09 2009 1Q10 2008 1Q09 2009 1Q10 NIM Cost to Income 5.0% 4.5% 4.2% 24.0% 20.4% 20.4% 3 8% 3.8% 4.0% 20.0% 17.9% 2.8% 15.6% 3.0% 16.0% 2.0% 12.0% 8.0% 1.0% 4.0% 0.0%
Slide 21: Contact Us
Contact Us Investor Relations Financial Institutions Meclisi Mebusan Caddesi No: 81 Meclisi Mebusan Caddesi No: 81 Fındıklı 34427 Istanbul – Turkey Fındıklı 34427 Istanbul – Turkey Email: ir@tskb.com.tr Email: fi@tskb.com.tr Tel: +90 (212) 334 5124‐5194 Tel: +90 (212) 334 5126 Fax: +90 (212) 334 523
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