Turkiye Sinai Kalkinma Bankasi A.s. · BIST:TSKB
Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — Q4 2024 Earnings Presentation
22 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, 2025
Slide 1: Earnings Presentation 4Q-24 Bank-only Results
The Industrial Development Bank of Tiirkiye Earnings Presentation 4Q-24 Bank-only Results V 2 ) INDUSTRY REGIONAL — — ‘please hote that any kind of récording including but not limited to screenshots, video recording, recording via NOE See external devices etc of this presentation it strictly forbidd
Slide 2: Financial Guidance (Bank Only) YE24
Financial Guidance YE24 Figures YE24 Guidance (Bank Only) % % Growth FX Adjusted Loan Growth 11.6 Low Teens Profitability Net Interest Margin 6.3 ~6 Fees & Commissions Growth 13 > avg. CPI Return On Equity 38.5 ~40 Efficiency OPEX Growth 88 > avg. CPI Solvency* Capital Adequacy Ratio 21.8 ~20.0 Tier
Slide 3: TSKB's Differentiating Performance Highlights Among the Sector
TSKB’s Differentiating Performance Highlights Among the Sector c.12% Record high FX Solid loan growth funding surpassing performance with Continuous Earnings Growth given the 1.7 bn USD with the Bank’s solid and Pemerdiroen se more than 1.8 bn USD diversification focus resilient core NIl * 300 mln U
Slide 4: Superior QoQ and YoY Earnings Performance
Superior QoQ and YoY Earnings Performance Net Profit-TL mn Yearly 5 Quarterly 7.041 Strong coverage, maintained and increased free provision stock will YE-23 12M-24 30-24 40-24 further support profitability LEGG Y Total coverage ratio Hy ie stands at4.8% ROE / wloTl300mn 39.6% | freeprovisions — | c
Slide 5: Remarkable Earnings Performance with Strong Solvency and Liquidity
a Remarkable Earnings Performance with Strong Solvency and Liquidity TLmn Net Interest Income Trading Income Net Commissions Other Income (Inc. Dividend) Banking Income OPEX (-) Net Banking Income Provisions (-) Income From Participations Tax Provisions (-) Net Profit Based on MIS data 12M-23 9,564
Slide 6: DFI Funding and funding maturity profile
✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ -442 -350 -185 -324 -186 -650 -20 -300 -94 -2.519 -214 -20 -19 1 to 12 months 1 to 3 years 3 to 5 years >5 years DFI Funding Eurobond & PP Money Market Funding Subordinated Debt Syndication & Other
Slide 7: Loan Maturity Profile - USD mn
Loan Maturity Profile - USD mn 2.033 305 846 251 75 31 63 333 299 168 119 222 1 to 12 months 1 to 3 years 3 to 5 years >5 years APEX & Other Working Capital Loans Investment Loans
Slide 8: Loan Sector Breakdown
Electricity Generation 32,5% Metal & Machinery 8,8% • • Finance 8,8% • Logistics 6,6% • • Electricity/Gas Distr. 6,2% Health 5,4% Tourism 4,9% Chemistry & Plastics 4,5% Construction & Construction… 4,0% Textile 4,0% Food & Beverage 2,7% Paper and Forestry Products 2,4% Other** 9,5%
Slide 9: ✓ ✓ ✓ ✓ ✓ 151,347 11,398 3,883 3,673 3,215 • • • •
✓ ✓ ✓ ✓ ✓ 151,347 929 11,398 3,883 3,673 3,215 • • • • • • • •
Slide 10: Security Yields
Security Yields 75,6% 80,4% Excluding CPI CPI 58,6% 57,7% 56,9% 48,4% 46,9% 47,8% 47,5% 43,1% 42,8% 42,6% 41,5% 42,2% 31,5% 45,0% 46,5% 18,8% 19,1% 18,9% 19,4% 19,9% 22,6% 17,3% 1Q-22 2Q-22 3Q-22 4Q-22 1Q-23 2Q-23 3Q-23 4Q-23 1Q-24 2Q-24 3Q-24 4Q-24
Slide 11: Annualized NIM
Annualized NIM 1,9% 1,9% 2.0% 1,8% CPI Impact Core NIM 3,9% 4,0% 4,2% 4.3% 1Q-24 2Q-24 3Q-24 4Q-24 ✓ ✓ ✓ ✓ ✓
Slide 12: CAR Evolution
Sustained and above sector solvency metrics despite strong real loan growth Capital Ratios Without BRSA Temporary Measures A 19,0%202% 20,699 18% Evolution of RWA and Equity- TL bn 17,4% 203,4 203,0 152,1 a... 28,3 23 EN eV pile 2023-YE 30-24 2024-YE 2023-YE 30-24 2024-YE Tier| Ratio mCAR m=RWA m= C
Slide 13: 2024 Sustainability Snapshots
wo 2024 Sustainability Snapshots Q1-24 Q3-24 Listed in Global 100 Most Sustainable A nce oped lpi July Corporations in the World nou! P 4 P by Corporate Knights out plan by the end of 2035 o Mecting in rominimee ~~ , February August Establishment of Climate Publishment of Updated Change and Sustaina
Slide 14: Financial Guidance (Bank Only) YE25
Financial Guidance YE25 Guidance (Bank Only) % Growth FX Adjusted Loan Growth Low Teens Profitability Net Interest Margin ~5 Fees & Commissions Growth ~ CPI Return On Equity ~30 Efficiency OPEX Growth > CPI Solvency* Capital Adequacy Ratio ~21.0 Tier I Ratio ~20.0 Asset Quality NPL Ratio < 2.5 Net C
Slide 15: Appendix
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Slide 16: Balance Sheet
Balance Sheet 31.12.2023 30.09.2024 31.12.2024 mom KR TOTALS | TK TOTALS KOT Cash and Banks 7,427 7,699 15,126 2,179 5,977 8,156 1,928 10,553 12,480 Securities 12,177 15,663 27,839 21,092 19,137 40,230 22,207 19,275 41,483 Loans (Gross) 11,299 118,839 130,137 10,971 155,937 166,908 13,888 152,529 16
Slide 17: Detailed Income Statement
Detailed Income Statement TLmn 12M-23 12M-24 Yoy 3Q-24 4Q-24 QoQ Net Interest Income inc. Swap Cost 9,564 11,968 25% 3,198 3,469 8% Net Interest Income 10,239 15,136 48% 3,623 4,002 10% CPI Linkers 3,457 4,248 23% 1,171 1,365 17% Swap Costs -675 -3,168 369% -425 -533 26% Net Fees & Commissions 453 5
Slide 18: Appendix: ESG Ratings
18 Appendix: ESG Ratings U)sustainarvics Wepp Sustainalytics ESG Risk Rating CDP Climate Change Score Range 0-40+ A/D- Score 74 A- Negligible risk category Leadership First place in Turkiye 13th place among global development banks \ IT TAN ) INDUSTRY ( ) REGIONAL ( Sr , ita Moopy’s Moody's ESG Cred
Slide 19: Appendix: Stage Loans Breakdown
Appendix: Stage 2 Loans Breakdown Stage 2 Loans Sector % Tourism 27 Electricity/Gas Distribution 17 Electricity Generation 15 Non-residential Real Estate 9 Metal and Machinery 7 Telecom/Logistics 4 Automotive Supply Industry 3 Health 1 Other 17 TOTAL 100 Coverage (%) 20 49 + Hard collateral & provis
Slide 20: Appendix: IEA Evolution
20 Appendix: IEA Evolution Interest Earning Assets 202 161 4Q-23 30-24 mLiquid Assets mSecurities = Loans 208 4Q-24 v Interest Earning Assets were up by 3% QoQ and 29% YoY, which was driven by * High FX denomination * Growth strategy
Slide 21: Provisions and Net Cost of Risk
Provisions (TL mn) 12M24 Stage 1* -174 Stage 2** 357 Stage 3 370 Reversals*** (TL mn) -308 Net CoR 17 bps Currency Impact 77 bps Net CoR excl. Currency Impact -60 bps
Slide 22: Disclaimer
DISCLAIMER This presentation document is prepared for informational purposes only and contains certain forward-looking comments, opinions, and forecasts. These reflect the views of Turkiye Sinai Kalkinma Bankasi A‘S. ("TSKB") as of the date of this presentation and contain certain assumptions. Altho
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