Turkiye Sinai Kalkinma Bankasi A.s. · BIST:TSKB
Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — Q3 2024 Earnings Presentation
21 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, 2024
Slide 1: Earnings Presentation 3Q-24 Bank-only Results
The Industrial Development Bank of Tiirkiye Earnings Presentation 3Q-24 Bank-only Results [mes GLOBAL 50 0 ] "Please hote that any kind of récording/including but not limited to screenshots, video recording, recording via TOP RATED external devices etc. of this presentation its strictly forbidden fo
Slide 2: Differentiating 3Q-24 Performance at a Glance
Differentiating 3Q-24 Performance at a Glance + Best-in-class ROE Continuous Earnings Growth, Robust FX Loan Spread Steady NIM evolution *Core NIM expansion + Diversified fee income performance *New DFI agreements and USD 350 mn Eurobond issue Strong FX Funding *USD 1,1 bn Unwithdrawn DFI funding *F
Slide 3: Financial Guidance (Bank Only)
Financial Guidance 9M24 Figures Previous YE24 Guidance Revised YE24 Guidance (Bank Only) % % % Growth FX Adjusted Loan Growth 11.5 Low Teens - Profitability Net Interest Margin 6.1 ~6 - Fees & Commissions Growth 44 > avg. CPI - Return On Equity 37.4 ~40 - Efficiency OPEX Growth 84 > avg. CPI - Solve
Slide 4: Distinguished and Robust Profitability
Distinguished and Robust Profitability Net Profit-TL mn Yearly tas] Quarterly +40% 7,036 © Strong coverage and free provision reserves to support profitability 9M-23 9OM-24 20-24 30-24 Y Total coverage ratio stands at 5.2% DO ¥ — Stock of free 37.4% 4 3M-24 6M-24 9M-24 TSKB
Slide 5: Remarkable earnings with strong solvency and liquidity
Remarkable earnings with strong solvency and liquidity TLmn om-23 9m24 [VEIN =. 20-24 © 30-24 [GRGI Continuous Earnings Growth Net Interest Income 6,518 8,500 30% 2,760 3,198 16% (+40% yoy, +7% Trading Income 1,893 879 -54% 226 195 -14% qoq) Net Commissions 287 413 44% 164 119 -28% Solid NII Onl aya
Slide 6: Syndication & Other DFI Funding, Eurobond & PP
✓ ✓ ✓ ✓ ✓ ✓ ✓ -223 -233 -3 -340 ✓ -494 -29 -442 -55 -2,563 -650 -300 2024 2025 >=2026 Syndication & Other DFI Funding Eurobond & PP Subordinated Debt Money Market Funding
Slide 7: Resilient Asset Composition
Resilient Asset Composition Asset Composition - TL bn 10-24 20-24 30-24 = Loans = Securities = Cash &MM mNon IEAs & Other 3Q-24 Loans by Currency TL; 6.6% USD; 49.5% EUR; 43.9% Total Loans - TLbn Loan Growth CAE 166.9 Breakdown 151.2 A : I). y oe oe 10-24 20-24 30-24 =m FX Loans ($) eTLLoans No Matu
Slide 8: Loan Breakdown by Sector
Electricity Generation 32,7% Finance 9,9% Metal & Machinery 8,4% Tourism 7,1% Health 5,6% Logistics 5,0% Chemistry & Plastics 4,6% Textile 4,3% Electricity/Gas Distr. 4,3% Construction & Construction Materials 4,3% Food & Beverage 2,7% Paper and Forestry Products 2,5% Other** 8,6%
Slide 9: ✓ ✓ ✓ ✓ ✓ 149,808 13,354 4,604 3,745 3,144
✓ ✓ ✓ ✓ ✓ 149,808 859 13,354 4,604 3,745 3,144
Slide 10: Security Yields
Security Yields 75,6% 80,4% Excluding CPI CPI 58,6% 57,7% 56,9% 48,4% 43,1% 47,8% 47,5% 42,8% 42,6% 41,5% 45,0% 42,2% 31,5% 22,6% 17,3% 18,8% 19,1% 18,9% 19,4% 19,9% 1Q-22 2Q-22 3Q-22 4Q-22 1Q-23 2Q-23 3Q-23 4Q-23 1Q-24 2Q-24 3Q-24
Slide 11: Solid and Resilient NIM
Solid and Resilient NIM Annualized NIM Net Interest Income inc. Swap Cost (TL bn) 3,046 2,760 3,198 7.0% 6.1% ey Zo) 2.4% = CPI Income = CPI Impact = Nilexcl. CPI m=Core NIM m Swap Cost 2,453 4.6% (425) 4Q-23 20-24 30-24 “Eye Boyes yy *IEA Evolution can be seen in the Appendix v Strong and resilient
Slide 12: CAR Evolution
25,0 CAR Evolution 1,17 20,0 0,20 0,12 0,08 0,02 1,72 - 15,0 20,3 20,2 10,0 2Q-24 Δ Market Risk Δ Credit Risk Δ MtM Δ Operational Subordinated Δ Tier II Net Profit 3Q-24 Risk Debt
Slide 13: Sustainable Banking Developments
wo Sustainable Banking Developments Stakeholder Workshop Financial, Impact - Double and Dynamic Materiality Analysis External and Internal . Stakeholders eevee Le nisi 28 Positive and Negative Impacts ti be coal a a Risks and Opportunities ransition to a low-carbon an climate-resilient future * 6-mo
Slide 14: 2S BS Q gf x
2S BS Q gf x
Slide 15: Balance Sheet
Balance Sheet 31.03.2024 30.06.2024 30.09.2024 mmm KR TOTALS |) TK TOTALS KOT Cash and Banks 10,236 5,554 15,789 6,203 6,599 12,802 2,179 5,977 8,156 Securities 16,208 17,707 33,915 18,343 19,056 37,399 21,092 19,137 40,230 Loans (Gross) 11,051 133311 144,362 11,816 139,373 151,189 10,971 155,937 16
Slide 16: Detailed Income Statement
Detailed Income Statement TLmn 9M-23 9M-24 Yoy 2Q-24 3Q-24 QoQ Net Interest Income inc. Swap Cost 6,518 8,500 30% 2,760 3,198 16% Net Interest Income 6,482 11,135 72% 3,747 3,623 3% CPI Linkers 2,515 2,882 15% 874 1,171 34% Swap Costs 36 -2,635 n.m. -987 425 -57% Net Fees & Commissions 287 413 44% 1
Slide 17: Appendix: ESG Ratings
Appendix: ESG Ratings U)sustainarvics Wepp Sustainalytics ESG Risk Rating CDP Climate Change Score Range 0-40+ A/D- Score 6.9 A- Negligible risk category Leadership First place in Turkiye 9th place among global development banks TOP RATED 17 Moopy’s Moody's ESG Credit Impact Score a5 2 Neutral-to-lo
Slide 18: Appendix: Stage Loans Breakdown
Appendix: Stage 2 Loans Breakdown Stage 2 Loans Sector % Coverage (%) Tourism 49 4l Electricity/Gas Distribution 18 42 Electricity Generation 12 13 Non-residential Real Estate 8 29 Metal and Machinery 6 32 Telecom/Logistics 4 9 Automotive Supply Industry 3 20 TOTAL 100 34 * Hard collateral & provisi
Slide 19: Appendix: IEA Evolution
Ape Appendix: IEA Evolution Interest Earning Assets 202 | | ; 10-24 20-24 30-24 mLiquid Assets mSecurities =Loans v Interest Earning Assets were up by 7% QoQ and 32% YoY, which was driven by * High FX denomination * Growth strategy
Slide 20: Provisions (TL mn) 9M24
Provisions (TL mn) 9M24 Stage 1* -268 Stage 2** 598 Stage 3 271 Reversals*** (TL mn) -280 Net CoR 29 bps Currency Impact 67 bps Net CoR excl. Currency Impact -39 bps
Slide 21: 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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