Is Finansal Kiralama A.s. · BIST:ISFIN
Is Finansal Kiralama A.s — Investor Presentation (June 2019)
30 slides from Is Finansal Kiralama A.s's investor presentation, June 2019
Slide 1: Investor Presentation June 2019
Investor Presentation 1 2019 INVESTOR PRESENTATION June 2019
Slide 2: Agenda
AGENDA Investor Presentation 2 LEASING SECTOR IN TURKEY COMPANY OVERVIEW LEASING PORTFOLIO FINANCIAL RESULTS June 2019
Slide 3: Leasing Sector in Turkey
LEASING SECTOR IN TURKEY COMPANY OVERVIEW LEASING PORTFOLIO FINANCIAL RESULTS
Slide 4: Economy
Leasing Sector Investor Presentation 4 Economy Increasing protective Turkish economy trend in foreign slowed down in the trade was remarkable second half of 2018. in 2018. As growth in developed economies Overall expectation for 2019 is a continued at different paces in 2018, relative slowdown in gr
Slide 5: Advantages of Leasing
Leasing Sector Investor Presentation 5 Advantages of Leasing FX borrowing option VAT is %1 for various (for selective assets) types of machinery. Sale-and-lease back and operating leases were added to finance leases in 2013 by a regulation change. Expertise on SMEs, consultancy and know- how support
Slide 6: Number of Leasing Companies and Leasing Penetration
Leasing Sector Investor Presentation 6 Number of Leasing Companies and Leasing penetration Number of Leasing Companies 32 29 28 26 25 24 23 23 2013 2014 2015 2016 2017 2018 31.03.2019 30.06.2019 Leasing Penetration 6,17% 5,85% 5,44% 5,47% 4,97% 4,79% 4,71% 2,46% 2,09% 2012 2014 2016 2018 30.06.2019
Slide 7: Leasing Volume
Leasing Sector Investor Presentation 7 Leasing Volume Million USD -16,7% 9,3% 7.637 -3,7% 6.990 30,4% 6.365 1,0% 28% 6.194 14% 6.130 -22,6% 9,6% 5.360 24% 18% 24% 4.891 4.795 18% 2.000 1.094 2011 2012 2013 2014 2015 2016 2017 2018 2019/Q2 2019 T Leasing Sale & Lease Back Linear (sg %) June 2019
Slide 8: Leasing Receivables
Leasing Sector Investor Presentation 8 Leasing Receivables Million USD 30.000 30,00% 27,83% 27,63% 25.000 25,79% 25,22% 25,40% 25,00% 22,98% 22,92% 22,66% 20.000 20,00% 15.000 13.786 15,00% 12.699 12.632 12.509 10.895 11.539 9.530 9.135 10.000 10,00% 5.000 2.810 3.535 3.490 3.155 3.502 2.615 5,00% 2
Slide 9: Net Profit of Sector
Leasing Sector Investor Presentation 9 Net Profit of Sector Million TL 923 952 917 809 526 559 451 2013 2014 2015 2016 2017 2018 30.06.2019 June 2019
Slide 10: Equity & Leverage
Leasing Sector Investor Presentation 10 Equity & Leverage 30,0% 8,0% 25,0% 7,0% 18,7% 6,2% 20,0% 17,0% 16,1% 5,7% 6,0% 5,5% 15,0% 15,3% 5,0% 14,8% 10,0% 14,0% 5,2% 4,9% 4,0% 5,0% 4,3% 0,0% 3,0% 2014 2015 2016 2017 2018 30.06.2019 Equity Leverage June 2019
Slide 11: NPL & NPL Ratio
Leasing Sector Investor Presentation 11 NPL & NPL Ratio Million TL 7.000 8,2% 6.000 7,2% 6,7% 5.000 6,0% 5,5% 6,3% 4.000 3.000 4.713 4.711 2.000 3.054 2.939 2.355 2.120 1.000 0 2014 2015 2016 2017 2018 30.06.2019 June 2019
Slide 12: Customer Base
Leasing Sector Investor Presentation 12 Customer Base 70.000 14% 11,92% 60.000 11,18% 12% 10,65% 10,02% 50.000 9,04% 10% 8,19% 40.000 8% 58.373 57.593 56.396 53.510 52.041 46.128 30.000 6% 20.000 4% 10.000 2% - 0% 2014 2015 2016 2017 2018 2019/H1 Sector Total Number of Customers İş Leasing Share Jun
Slide 13: Company Overview
LEASING SECTOR IN TURKEY COMPANY OVERVIEW LEASING PORTFOLIO FINANCIAL RESULTS
Slide 14: Milestones & Shareholders
Company Investor Presentation 14 Milestones & Shareholders 2011 1985 1995 First corporate Leasing Law İş Bank group took bond issuer in Enacted over leasing sector 1988 2000 Established by İş Listed in İstanbul Stock Bank, Soc Gen and Exchange (ISFIN)) IFC Trading Volume Price 300.000.000 10 İş Bank
Slide 15: Organization Chart & Total Staff
Company Investor Presentation 15 Organization Chart & Total Staff Gender FEMALE 53,57% MALE 46,43% Education License 110 Master's Degree 14 High School 10 Associate Degree 4 Doctorate 1 Primary School 1 June 2019
Slide 16: Branch Network & Employee
Company Investor Presentation 16 Branch Network & Employee CONFLICT Avcılar Şişli Kartal Kozyatağı Ostim Trabzon 15 Branches Bursa Ankara Kayseri 44 Sales Staff Diyarbakır İzmir Konya 140 Total Staff Gaziantep Antalya Adana June 2019
Slide 17: Leasing Portfolio
LEASING SECTOR IN TURKEY COMPANY OVERVIEW LEASING PORTFOLIO FINANCIAL RESULTS
Slide 18: Consolidated Financial Indicators
Lease portfolio Investor Presentation 18 Consolidated Financial Indicators 5.1 million TL Leasing portfolio A B C D 141 million USD Transaction Volume 198 47 1.211 Million This is TL a sample Shareholders’ Equity million TL Net text.Profit 9.075 Total Assets million TL June 2019
Slide 19: Sales Channels
Lease portfolio Investor Presentation 19 Sales Channels 30.06.2018 30.06.2019 İŞ BANK DIRECT MARKETING VENDORS İŞ BANK DIRECT MARKETING VENDORS 12% 15% 63% İşbank: 1342 local and 22 25% foreign branches, largest 64% network among private 21% banks. June 2019
Slide 20: Sectoral & Asset & Geographical Distribution
Lease portfolio Investor Presentation 20 Sectoral & Asset & Geographical Distribution, % Sectoral Distribution 2018 30 June 19 24,55 21,60 16,36 15,48 12,37 10,93 11,17 10,49 9,72 7,80 7,79 8,10 6,47 6,88 5,74 5,20 4,54 4,58 Geographical Distribution 2,82 2,27 2,51 2,63 CONSTRUCT METAL IND. TEXTILE
Slide 21: Maturity & Currency Distribution
Leasing - Borrowing Investor Presentation 21 Maturity & Currency Distribution Maturity Currency 23 TL 29% TL 25% 20 TL 39% 17 USD 18% USD 16% 14 USD 20% 8 EUR 53% EUR 58% 8 EUR 41% TRY USD EUR 2017 2018 30.06.2019 LEASİNG BORROWINGS average, months *TL funded by equity is included in the calculation
Slide 22: Leverage and TRY Receivables
Borrowing Investor Presentation 22 Leverage Leverage(solo) TRY Receivables Equity TL Debt TL Portfolio 5,3 5,0 4,6 4,8 4,3 3,9 932 1.166 1.477 1.760 1.629 1.281 3,1 306 474 338 722 920 726 626 692 943 755 840 903 2013 2014 2015 2016 2017 2018 30.06.2019 2014 2015 2016 2017 2018 30.06.2019 Increased
Slide 23: Finansman Politikası
Borrowing Investor Presentation 23 Finansman Politikası • Strong relations with international and local banks. o Closed a club loan transaction of 80 million US$ in 2018. o Bilateral loans (all unsecured) • First TL corporate bond issuer in leasing sector, outstanding nominal balance 1.4 billion TL,
Slide 24: Financial Results
LEASING SECTOR IN TURKEY COMPANY OVERVIEW LEASING PORTFOLIO FINANCIAL RESULTS
Slide 25: Financial Highlights
Financial Perfomance Investor Presentation 25 Financial Highlights TL Million, consolidated 2015 2016 2017 2018 30.06.2019 Δ Leasing Receivables, Net 3.287 4.001 4.701 5.435 5.154 -5,2% Factoring Receivables, Net 1.951 2.986 4.207 2.725 3.201 17,5% Non Performing Receivables 183 231 266 297 502 68,7
Slide 26: Solo Key Figures
Financial Perfomance Investor Presentation 26 Solo Key Figures (Million TL) 2017 2018 30.06.2019 Δ 2017 2018 30.06.2019 Δ Financial Highlights İş Sector Leasing Receivables 4.617 5.331 5.075 -5% 51.990 60.707 52.570 -13% Total Assets 5.069 5.965 5.869 -2% 58.053 68.506 63.098 -8% Equity 840 903 943
Slide 27: NPL
Financial Perfomance Investor Presentation 27 NPL Sektör NPL% İş Leasing NPL% 8,55% 8,08% 8,23% 7,99% 7,20% 6,95% 6,71% 7,57% 6,26% 7,02% 6,03% 5,55% 5,13% 5,32% 4,80% 4,63% 4,65% 4,63% 4,76% 4,31% 2011 2012 2013 2014 2015 2016 2017 2018 31.03.2019 30.06.2019 Consolidated 31.12.2015 31.12.2016 31.12
Slide 28: Collaterals
Financial Perfomance Investor Presentation 28 Collaterals Leased assets are legally possessed by the lessor so they are the collateral of the leasing loan. Depending on the lessee’s credit ratings and second hand value of the leased asset, additional collaterals might be demanded. Ca s h + LG + Mort
Slide 29: Rating
Financial Perfomance Investor Presentation 29 Rating Fore ing Curre ncy Long Term B+ Short Term B Outlook Negatif Turkis h Lira Long Term BB- Short Term B Outlook Negatif National Long Term A+(tur) Outlook Durağan Supporting Rating 4 Corporate Governance Rating (Saha-2016) : 9.17 June 2019
Slide 30: Disclaimer Statement
Investor Presentation 30 Disclaimer Statement The information in this document has been obtained by İş Finansal Kiralama A.Ş. (“İş Leasing”) from sources believed to be reliable, however, İş Leasing cannot guarantee the accuracy, completeness , or correctness of such information. This document has b
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