Turkiye Sinai Kalkinma Bankasi A.s. · BIST:TSKB
Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — Q1 2007 Earnings Presentation
30 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, 2007
Slide 1: 1Q07 BRSA Results Investor Presentation
Created with a trial version of Syncfusion Essential PDF 1Q07 BRSA RESULTS INVESTOR PRESENTATION
Slide 2: Slide 2
Slide 3: TSKB, Banking Sector vs TSKB, Appendices
TSKB BANKING SECTOR vs TSKB APPENDICES 3
Slide 4: TSKB at a Glance
TSKB at a Glance... Ownership Structure* Main Subsidiaries 8.4% Yatırım Finansman Securities İş Leasing 50.1% 41.5% TSKB Real Estate Appraisal pp Free Float** TSKB Real Estate Investment Trust * 50% of stocks are quoted at ISE. ** 27% foreign participation (54% of the free float stocks) Financial Su
Slide 5: Mission
Mission Coupling reliable, objective, customer MISSION oriented development banking with dynamic investment banking activities 9To promote the growth of private sector 9To encourage and assist local and foreign capital to participate in Turkish companies 9To contribute to the growth of capital marke
Slide 6: History
History Established with the support of Issued Samurai Merged with CBT and IBRD to B d with Bonds ith Turkish T ki h S i Yatırım Sınai Y t promote the Treasury guarantee Bankası (SYB) private sector in Turkey 1950 1960’s 1980’s 1990’s 2000’s Corporate bonds Start of issued and Promoted private Marke
Slide 7: Core Business Lines
Core Business Lines Corporate C t & IInvestment t t Treasury Asset Development Banking Management & Banking Brokerage Medium & Long- IPOs; SPOs Fixed Income Asset Management term Financing to M&As Treasury TSKB Mutual Private Sector g Unit Marketing Funds have ( (more th than 4000 Fi i l and
Slide 8: Main Participations
Main Participations TSKB Capital Market Price* Entity Sector Ownership (mn TRY) (mn TRY) Yatırım Finansman Securities Financial 88.76% 11.7 Not listed TSKB Real Estate Investment Trust Financial 96.00% 10.0 Not listed İ Leasing İş L i Fi Financial i l 28 56% 28.56% 100 0 100.0 318 0 318.0 TSKB Inves
Slide 9: Medium & Long Term Funds by Multilateral Agencies
Medium&Long Term Funds by Multilateral Agencies European p Investment Bank ((EIB)) World Bank (IBRD) Japan Bank for International Cooperation (JBIC) Kreditanstalt für Wiederaufbau (KfW) Council of Europe Development Bank (CEB) International Finance Corporation (IFC) Agence Française de Développement
Slide 10: Funding Base (mn)
Funding Base (mn) A Amount t T Tenor M t it Maturity 10
Slide 11: Funding Base (mn)
Funding Base (mn) A Amount t T Tenor M t it Maturity 11
Slide 12: Funding Base
Funding Base By Sources Currency Risk Structure (USD mn) (mn USD) USD EUR JPY Total 9.0% EIB Total Assets 1 121 1,121 1 099 1,099 61 2 281 2,281 1.8% Total Liabilities 1,082 1,103 71 2,256 35.5% CEB 5.6% Net On-Balance 39 -4 -10 25 AFD Sheet Position JBIC Net Off-Balance -60 3 25 -31 Sheet Position
Slide 13: Sustainable Growth Over the Years
Sustainable Growth Over the Years Total Assets (USD mn) Funds Borrowed (USD mn) 2,769 3,265 2,422 2,881 2,466 2,378 78% of the 2 010 2,010 1,866 Long Term Funds borrowed are guaranteed by the Turkish Treasury. 2005 1Q06 2006 1Q07 2005 1Q06 2006 1Q07 Total Loans (USD mn) Shareholders’ Equity (USD mn)
Slide 14: Balance Sheet Composition
Balance Sheet Composition Assets Liabilities and Equity 6% 6% 3% 2% 2% 10% 4% 11% 15% 14% 17% 18% 53% 61% 56% 61% 84% 85% 80% 78% 37% 38% 28% 33% 2005 1Q06 2006 1Q07 2005 1Q06 2006 1Q07 Liquid Assets Loans Others Borrowings Equity Others 14
Slide 15: Loan Book
Loan Book NPL Ratio vs. Coverage Ratio Well Diversified Loan Portfolio 6% 120% 11% 4% FINANCE 100% ENERGY PRODUCTION 5% 100% NPL’s are 6% ENERGY DISTRIBUTION low and 29% TOURISM 4% 80% 6% fully OTHER MINING 2.4% 2.2% provisioned OTHER PRODUCTION 3% 60% 5% TRANS. & COMMU. TEXTILE 2% 1.3% 1.3% 40% 5%
Slide 16: Securities Portfolio
Securities Portfolio Securities Portfolio (USD mn) Average Maturity (Years) TRY FC 1 72 1.72 1Q07 7 405 599 767 77% 6.59 71% 55% 2.65 006 20 4.25 263 242 232 1.43 TL Securities 1Q06 1Q06 2006 1Q07 2.55 FX Securities Breakdown of Securities Portfolio FX FX TL Floating Floating Total T t l Securities
Slide 17: Sufficient Capitalisation
Sufficient Capitalisation Capital Base (USD mn) Capital Adequacy Ratio Tier I Capital Tier II Capital 37% Deductions 32% 33% 27% 344 412 391 140 56 62 -1 -1 -135 2005 1Q06 2006 1Q07 1Q06 2005 1Q07 Free Capital Risk Weighted Assets Market Risk Credit Risk 10.4% 11.1% 9.8% 9.2% 80% 82% 83% 97% 20% 18%
Slide 18: Income Statement
Income Statement Net Profit (USD mn) Income Composition 11% 11% 9% 7% 20.2 15.7 80% 82% 1Q06 1Q07 1Q06 1Q07 Adj NII Adj. Other Income Net Commissions Interest Income (USD mn) Breakdown of Interest Income 67 Share off IEA in Sh i 41% 53 46% TA is 88% Loans Liquid Li id 59% 54% Assets 1Q07 1Q07 1Q06 1
Slide 19: Financial Summary
Financial Summary Income Statement Loan Spread (000 USD) 1Q06 1Q07 Change Adj. Net Interest Income 29,005 23,576 -19% 2.4 2.3 2.3 Net Commissions 3,891 3,162 -19% Released Provisions 1,914 915 -52% Other Operating Income 1,487 1,046 -30% 1Q06 2006 1Q07 Net Banking Income 36,297 28,700 -21% Personnel
Slide 20: Financial Highlights
Financial Highlights Ratios Financials 1Q06 2006 1Q07 (USD mn) 1Q06 2006 1Q07 CAR 32.2% 32.9 % 27.4 % Assets 2,378 2,881 3,265 Free Capital 11.1% 9.8 % 9.2 % Liquid 668 946 1,241 Assets Cost to 24.0% 25.7 % 24.8% Loans 1,460 1,757 1,829 income NIM 5.3% 4.1% 3.3% Partic. 136 106 113 ROAE 19 3% 19.3%
Slide 21: Banking Sector vs TSKB
TSKB BANKING SECTOR vs TSKB APPENDICES 21
Slide 22: Banking Sector vs TSKB as of 2006
Banking Sector vs TSKB as of 2006 LOANS / ASSETS NPL IEA / T.ASSETS 92% 90% 58% 3.8% 45% 1.3% Sector TSKB Sector TSKB Sector TSKB TOTAL EXPENSES / ROAA ROAE AVG. ASSETS 2.7% 3.4% 2.3% 18.9% 18.1% 1.1% Sector TSKB Sector TSKB Sector TSKB 22
Slide 23: Appendices
TSKB BANKING SECTOR vs TSKB APPENDICES 23
Slide 24: Ratings
Ratings TSKB’s Fitch Ratings (November 2006) TSKB’s Moody’s Ratings (April 2007) F Foreign i and d Local L l Currency C Fi Financial i l Strenght St ht Rating R ti D+ Outlook (FSR) Stable Long Term Foreign Currency BB- Long Term Foreign Currency B1 Long Term Local Currency BB Local Currency Deposit
Slide 25: Participations as of 2006
Participations as of 2006 Entity Sector Ownership Capital (TRY) Yatırım Finansman Menkul Değerler A.Ş. (Yatırım Finansman Securities) Financial 88.78% 11,675,000 TSKB Gayrimenkul Yatırım Ortaklığı A.Ş. (TSKB Real Estate Investment Trust) Financial 96.00% 10,000,000 y Entity Sector Ownership p Capita
Slide 26: Awards
Awards “Best Real Estate Advisor” Advisor” in Turkey – 2005 “Best M&A House” House” in Turkey by Euromoney – 2005 “Best Local Partner” Partner” by Euromoney Awards for Excellence – 2004 “Best Securities Firm Firm”” by Euromoney – 1997 1997,, 1998 and 1999 “Best Credit Rating among Banks in
Slide 27: Certificate
Certificate CERTIFICATE The TUV CERT Certification Body of TUV Rheinland Industrie Service GmbH certifies in accordance with TUV CERT procedures that TSB TURKIYE SINAi KALKINMA BANKASI A.S. MECLisi MEBUSAN CADDESI, 161 FINDIKLVISTANBUL TURKEY has established and applies an environmental management s
Slide 28: Organization Chart 2007
Organization Chart 2007 IN FO R M ATIO N TE C H N O LO G Y & H U M A N APPLIC AT IO N SYST EM H U M AN R ESO U R C ES SYST EM & N ET W O R K RESOURCES D EVEL O PM EN T D EVEL O PM EN T S U PPO R T G Ö KH AN E X E C U TIV E V IC E Ç AN AKPIN AR Y ET KİN KESLER O LC A Y T AT LIO Ğ LU ER KAN M İS KET D
Slide 29: Contacts
Contacts Meclisi Mebusan Caddesi No 161, 34427 Fındıklı Istanbul/TURKEY INVESTOR RELATIONS Tel: +90 212 334 5276 Fax: +90 212 243 2975 E-mail: ir@tskb.com.tr www.tskb.com 29
Slide 30: Disclaimer
Disclaimer The information in this document has been obtained by Türkiye Sınai Kalkınma Bankası A.S. (“TSKB”) from sources believed to be reliable, however, TSKB cannot guarantee the accuracy, completeness, or correctness of such information. This document has been issued for information purposes on
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