Turkiye Sinai Kalkinma Bankasi A.s. · BIST:TSKB
Turkiye Sinai Kalkinma Bankasi A.s — Q3 2023 Earnings Presentation
17 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, 2023
Slide 1: Earnings Presentation 3Q-23 Bank-only Results
Please note that any kind of fecordingincludingbut/notlimited to screenshots, video recording, recording yia external devices etc. of this presentation it's strictly forbidden for all participants.” Corporate Banking The Industrial Development Bank of Tiirkiye Earnings Presentation 3Q-23 Bank-only R
Slide 2: 3Q-23 At a Glance
3Q-23 At a Glance + Sustainable banking income generation + NIM performance above guidance + Additional TL 150 million free provision in 3Q-23 Maintained profitability and earnings quality + FX-adjusted 9M-23 loan growth remained almost flat + NPL further dropped down to 1.8% + Superior coverage pos
Slide 3: Financial Guidance (Bank Only)
Financial Guidance 3Q-23 Figures YE-23 Guidance Year-end Expectation (Bank Only) % % Growth FX Adjusted Loan Growth ~2 ~5 ✔ Profitability Net Interest Margin* 6.6 >5 ✔ Fees & Commissions Growth 140 ~100 ✔ Return On Equity ** 42.3 ~35 ✔ Efficiency OPEX Growth 124 ~90 In Line with Inflation Cost/Incom
Slide 4: Strong top line, backed by robust core banking income & CPI Linker revenues
Strong top line, backed by robust core banking income & CPI Linker revenues Net Banking Income-TL mn 3,534 Robust core banking 54% aie income 5,192 Strong CPl-Linker Income 20-23 3Q-23 9M-22 9M-23 ‘= Net Banking Income exc, CPI&Trading Trading Gain/Loss = CPlincome 7,975 Net Banking Income vs Provis
Slide 5: Income Statement Highlights
Income Statement Highlights TLmn 9M-22 9M-23 mom 20-23 30-23 00 stelar nn generation backed Net Interest Income 4405 6,518 48% | 2,349 2,586 10% by solid loan spread Trading | &security book racing icone 951 1,893 99% 1,534 255 (83%) contribution woe 13 tchi Net Fees & Commissions 120 287 140% 73 15
Slide 6: Comfortable FX Liquidity and Maturity Profile
Comfortable FX Liquidity and Maturity Profile Yearly Multilateral Funding Agreements - USD mn Funding / Total Liabilities (exc. Equity & Oth.) - USD mn 2% Loan Agreements in 2023 486 480 a uate ees) + KfW| EUR 100 million Funding * OeEB] EUR 25 million = Unguaranteed DF 16% 16% 21% Funding Securitie
Slide 7: Resilient Asset Composition
Resilient Asset Composition Asset Composition - TL bn 2% 4% 10-23 20-23 3Q-23 mLoans mSecurities mCash&MM mNonIEAs & Other Remaining Average Maturity - Years Investment Loons IN 5.0 Working Capital Loans |) 2.4 APEX Loans I 1.9 DF! Linked working capital loans are 3.7% Weight | 1% 20% 9% ) 4.8 years
Slide 8: Loan sector breakdown
Electricity Generation 35.9% Metal & Machinery 8.8% Finance 8.6% Tourism 6.5% Logistics 5.6% Health & Education 5.5% Electricity/Gas Distr. 4.9% Construction & Construction Materials 4.7% • • Chemistry & Plastics 4.1% • • Food & Beverage 2.8% • Textile • 2.6% Paper and Forestry Products 2.5% • Other
Slide 9: 100,691 13,040 3,651 2,098 1,999 % 28.0
100,691 976 13,040 3,651 2,098 1,999 % 28.0
Slide 10: Security Yields
Security Yields Excluding CPI CPI 75.6% 80.4% • 58.6% 57.7% 47.8% 47.5% 42.8% • 19.4% 19.9% 22.6% • 17.3% 18.8% 19.1% 18.9% 1Q-22 2Q-22 3Q-22 4Q-22 1Q-23 2Q-23 3Q-23
Slide 11: 4Q-22 1Q-23 2Q-23 3Q-23
7.5% 7.6% 7.0% 5.9% 4Q-22 1Q-23 2Q-23 3Q-23
Slide 12: Comfortable and resilient solvency metrics
Comfortable and resilient solvency metrics Capital Ratios Without BRSA Temporary Measures Le Y Evolution of RWA and Equity- TL bn 136.6 142.1 104.3 12.0% 8.5% 13.9 18.9 16.2 229 UL, Yili 10-23 20-23 3Q-23 10-23 20-23 3Q-23 Tier | Ratio CAR With BRSA Temporary Measures - CAR: 23.3% | Tier: 22.2% | CE
Slide 13: 3Q-23 Sustainable Banking Developments and ESG Ratings
Range Score 3Q-23 Sustainable Banking Developments and ESG Ratings UD) sustainatytics Wepp Sustainalytics ESG Risk Rating CDP Climate Change Score 0-40+ A/D- 7.9 A- Negligible risk category Leadership First place in Turkiye ———@ ESG GLOBAL 50 TOP RATED 16th place among global development banks Stron
Slide 14: Appendix
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Slide 15: Balance Sheet
As Balance Sheet Cash and Banks Securities Loans (Gross) Provisions Subsidiaries Other Total ST Funds LT Funds Securities Issued Repo & MM Other Subordinated Debt Shareholders’ Equity 17,909 25,747 115,829 ~6,648 6,297 4851 163,986 5314 93,818 28,897 3,021 8,576 5,463 18,897 31/03/2023 30/06/2023 30
Slide 16: Detailed Income Statement
16 Detailed Income Statement TLmn Net Interest Income inc. Swap Cost Net Interest Income CPI Linkers Swap Costs Net Commissions Other Income Dividends Other Trading & FX gains/losses FX gains/losses MtM gains/losses Trading gains/losses Banking Income OPEX (-) Net Banking Income ECL (-) Stage | Stag
Slide 17: TSKB Financial Institutions & Investor Relations
TSKB Financial Institutions & Investor Relations TSKB Financial Institutions & Investor Relations ir@tskb.com.tr www.tskb.com Meclisi Mebusan Cad. 81 Findikli 34427 istanbul
Turkiye Sinai Kalkinma Bankasi A.S. (TSKB) — Q3 2023 Earnings Presentation on 6ix