Turkiye Sinai Kalkinma Bankasi A.s. · BIST:TSKB
Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — Q4 2011 Earnings Presentation
17 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, 2012
Slide 1: TSKB Investor Presentation 4Q2011
Created with a trial version of Syncfusion Essential PDF TSKB I Investor P Presentation i 4Q2011 Q –BRSA Bank only Results
Slide 2: TSKB @ a Glance
TSKB @ a Glance Ownership Structure Free Float; 41.6% • TL 9.5 bn asset size Is Bank; • 350 employees, 3 branches 50.0% • TL 1.7 bn MCAP • %50 of free float belongs to foreign funds Vakıfbank; 8.4% Main Subsidiaries TSKB Credit Ratings (May 2011) Yatırım Finansman Securities 96% TSKB Turkey Fitch LT
Slide 3: Snapshots
Snapshots 2011 Change (TL mn) (%) Liquid Assets 2,732 0% Loan Growth L Loans 6 395 6,395 32% • 9% in USD terms • 10% in Basket terms Assets 9,456 20% Funds Borrowed 6,874 35% Funds Borrowed Growth • 11% in USD terms Equity 1,366 8% • 13% in Basket terms Net Profit 255 21% 3 TSKB @ a Glance | Banking
Slide 4: Snapshots
Snapshots • Profitability higher than the last year and last quarter; • Year end profit TL 255 mn with a yoy increase of 21%, TL 260 mn Robust Asset consolidated profit Quality; • RoE @ 19.4%, higher than last year’s 18,4%. 5‐years average@ 18% High Efficiency • NIM@ 4.3%, flat ytd • C/I ratio @ 15,
Slide 5: Banking Sector and TSKB
Banking Sector and TSKB CAR L Loans/Assets /A NPL 67.6% 2.7% 19.1% 16.5% 56.4% 0.4% Banking Sector TSKB Banking Sector TSKB Banking Sector TSKB Cost to Income NIM ROAE 44.3% 4.3% 19.4% 14.3% 15.6% 3.6% Banking Sector TSKB Banking Sector TSKB Banking Sector TSKB Banking Sector TSKB Long Deposits; Ter
Slide 6: Financial Highlights
Financial Highlights Foreign Currency Turkish Lira Assets Liabilities Assets Liabilities Repo 8% TL Securities 20 % Long Term Funds Long Term (11 years) Loans 67 % (5 years) 66 % Free Capital 12% • 2.9 years of Loan Duration, 6,2 years of Funding Duration TRY FX 6 TSKB @ a Glance | Banking Sector |
Slide 7: Funding Base
Funding Base Outstanding Funding Base Multilateral Funding Agreements (Annually) USD mn USD mn 3,351 1,039 2,848 3,016 Long 2,513 term 2,036 660 1,670 549 Funds 279 Short 640 145 368 413 258 296 121 term 94 funds 2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011 World Bank (IBRD) Agence Fr
Slide 8: Funding Base and Shareholders' Equity
Funding Base and Shareholders’ Equity Funding Structure Outstanding Long Term Funds Long Term Funding; 92% IBRD 46% EIB 31% CEB 9% KFW 6% AFD 5% IFC 2% Short Term EBRD 1% Funding; 8% Liabilities • Total LT outstanding funds : USD 3,351 mn ; 10% Repo 19% 15% Since 2009, signed agreements totaling: US
Slide 9: Funding Base and Shareholders' Equity
Funding Base and Shareholders’ Equity E it Equity Capital Adequacy Ratio TRY mn 1,366 25% 1,264 23% 1,041 19% 22% 20% 17% 2009 2010 2011 2009 2010 2011 CAR Tier 1 • Basel II effect: 250 bps. Equity Movement Dividend Payout Ratio 255 1,366 20% 1,264 ‐47 ‐106 17% 2010 Equity E i C h Cash MTM Gains G i
Slide 10: Healthy Loan Growth and Robust Asset Quality
Healthy Loan Growth and Robust Asset Quality A t Assets Loans USD mn 4,612 5,105 5,016 USD Mn Basket Mn Liquid 35% 29% 9% 38% Assets 3,393 Loans 3,125 2,957 2,642 2,678 68% 2,163 57% 61% Other 5% 4% 3% 2009 2010 2011 2009 2010 2011 •Short term loans: %2.5 Loans by Type • 98% foreign g currencyy deno
Slide 11: Healthy Loan Growth and Robust Asset Quality
Healthy Loan Growth and Robust Asset Quality Loans by Sector Net Loan Spread Electricity Production 33% 3.4% Electricity/Gas Distribution 6% 3.0% 2.6% Finance 18% 2.3% Logistics 11% Construction 7% 2008 2009 2010 2011 Metal 4% Tourism 4% Other 17% • Well diversified sectoral breakdown • Only one NPL
Slide 12: Securities Portfolio
Securities Portfolio Securities Portfolio • Duration D ti is i 1.1 1 1 yrs in i Zero Z C Coupon b d 2.8 bonds, 28 yrs in FRNs. FX($) 327 300 302 • 89% is in AFS potfolio. • 43% of TRY portfolio funded by CBT repo auctions TRY 1,943 1,985 1,908 % 77 • Private sector bonds: 4% of portfolio (3% in 2010
Slide 13: Income Breakdown
Income Breakdown 2010 2011 Change O Operating i P Profit fi (TRY mn) Adj. Net Interest Income 289.0 348.3 21% Net Commisions 15 0 15.0 12 7 12.7 ‐15% 15% 21% Dividend Income 22.7 25.8 14% Other Operating Income 16 9 16.9 27 6 27.6 63% N t IInterest Net t t IIncome Net Banking Income 343.6 414.4 21%
Slide 14: Income Breakdown
Income Breakdown Commission Income Breakdown‐Gross TRY mn 9.2 18.9 13.7 Income Breakdown Brokerage 27% 16% 31% 15% Fund Mng. 15% 8% Net Interest Income 16% 36% 16% Corporate 86% 84% Finance Commissions 84% Non‐cash 41% 44% 33% Loans Dividend 3% 4% 3% 2009 2010 2011 6% 7% 6% Net Interest Income Break
Slide 15: Quarterly Income Breakdown
Quarterly Income Breakdown Change Change (TRY mn)) 4Q10 1Q11 2Q11 3Q11 4Q11 QoQ YoY Adj. Net Interest 71 85 75 87 101 16% 42% Income Net Commisions C ii 6 4 3 4 2 ‐50% ‐67% Dividend Income 0 10 15 0 1 N/A N/A Other Operating Income 5 3 10 2 12 500% 100% Net Banking Income 82 102 103 93 116 23% 41% P
Slide 16: Key Performance Indicators
Key Performance Indicators ROAE ROAA Cost to Income 17.9% 17.6% 19.5% 19.4% 15.6% 2.9% 2.9% 2.7% 18.4% 2009 2010 2011 2009 2010 2011 2009 2010 2011 NIM Quarterly NIM 4 4% 4.4% 4.6% 4.0% 4.2% 4.3% 3.8% 4.1% 4.1% 3.8% 2010/4Q 2011/1Q 2011/2Q 2011/3Q 2011/4Q 2008 2009 2010 2011 16 TSKB @ a Glance | Ban
Slide 17: Contact us
Contact us Investor Relations Meclisi Mebusan Caddesi No: 81 Fındıklı 34427 Istanbul – Türkiye E‐mail: ir@tskb.com.tr Tel: +90 (212) 334 5194 Fax: +90 (212) 334 5234 Internet: www.tskb.com 17
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