Turkiye Sinai Kalkinma Bankasi A.s. · BIST:TSKB

Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — Q1 2014 Earnings Presentation

19 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, 2014

  1. Slide 1: Investor Presentation 1Q2014 – BRSA Bank only Results

    Created with a trial version of Syncfusion Essential PDF Investor Presentation 1Q2014 –BRSA Bank only Results

  2. Slide 2: TSKB @ a Glance

    TSKB @ a Glance Ownership Structure Free Float;  TL 13.1 bn asset size 41.6%  322 employees, 2 branches Is Bank;  21st bank in terms of Asset size 50.0%  3.8% market share in LTFC corporate loans  TL 2.5 bn MCAP  56% of free float belongs to foreign funds Vakıfbank; 8.4% Main Subsidiaries TSKB

  3. Slide 3: Highlights

    Highlights Sustainable Profitability - Stable Net Interest Margin Net Income Quarterly NIM  1Q14 profit TL 94 mn, 15% higher than 4Q13 84,7 92,0 81,5 93,7 67,9  11% higher than 1Q2013  RoE @ 19.9%, 5-years average @ 19% 4,7% 4,3% 4,5% 4,4% 4,1%  NIM@ 4.4% 1Q13 2Q13 3Q13 4Q13 1Q14  C/I ratio @ 1

  4. Slide 4: Banking Sector vs TSKB

    Banking Sector vs TSKB CAR Loans/Assets 2,8% NPL 73% 17,2% 61% 15,7% 0,2% Banking Sector TSKB Banking Sector TSKB Banking Sector TSKB Cost to Income NIM ROE 44,3% 19,9% 4,1% 4,4% 12,2% 13,6% Banking Sector TSKB Banking Sector TSKB Banking Sector TSKB Long Term Deposits Funds; 54% TSKB 67% Banking Se

  5. Slide 5: Asset Composition

    Asset Composition Growth TL 12.911 13.128 FX (USD) 10.604 2% YoY QoQ Total (TL) 10.290 Loans (USD) 13.0% 3.4% 4.145 4.169 4.414 4.524 3.553 2.961 3.133 3.401 Securities -1.0% -6.5% 2012 1Q-2013 2013 1Q-2014 2013 1Q-2014 TRY Loans TRY Loans 4,5% 5,3% Securities FX Loans FX Loans Securities 22,6% 68,0

  6. Slide 6: Liabilities Composition

    Liabilities Composition Growth TL 12.911 13.128 FX (USD) 10.290 10.604 YoY QoQ Total (TL) Funding (USD) 7.3% 0.2% 4.099 4.143 4.434 4.417 3.512 3.632 3.042 3.181 SHE 6.5% -0.4% 2012 1Q-2013 2013 1Q-2014 2013 1Q-2014 Repo Repo 12,5% FX 12,1% FX Funding Funding 70,6% Duration: 70,5% SHE Loans; 2.7Y, F

  7. Slide 7: Liability Structure and Funding Base

    Liability Structure and Funding Base Funding Structure Outstanding Long Term Funding Long Term IBRD 44% Funding; 94% EIB 29% CEB 8% KFW 8% IFC 4% AFD 3% Short Term IDB 3% Funding; 6% EBRD 2%  Total LT Funding : USD 4,062 mn ;  In the last five years, signed agreements totaling: USD 2,9 bn  LT fun

  8. Slide 8: Funding Base

    Funding Base Outstanding Funding Base USD mn LT Funding World Bank (IBRD) 4.030 4.062 3.769 ST Funding 3.351 3.016 2.848 European Investment Bank (EIB) Council of Europe Development Bank (CEB) 258 296 175 267 247 94 Kreditanstalt für Wiederaufbau (KfW) 2009 2010 2011 2012 2013 1Q-2014 Multilateral F

  9. Slide 9: Shareholders’ Equity

    Shareholders’ Equity Equity Capital Adequacy Ratio TRY mn CAR 20.4% 20.1% 1.885 1.877 Tier I 18.2% 17.2% 1.755 18,2% 18,0% 16,9% 1.366 15,9% 2011 2012 2013 1Q-2014 2012 1Q-13 2013 1Q-2014 Equity Movement Dividend Payout Ratio TRY mn Payout Dividend Yield 4,0% 22% 1,885 -72 94 1,877 20% 20% 20% -29 2

  10. Slide 10: Healthy Loan Growth

    Healthy Loan Growth Loans by Type Loans by Sector Electricity Production 32% Project 52% 55% Electricity/Gas Distribution 9% Finance 52% 48% Finance 12% Corporate Logistics 7% Loans 39% 36% Non-residential Real Estate 7% 40% 37% APEX Metal and Machinery 7% 11% 12% 9% 9% Tourism 6% 2011 2012 2013 1Q-

  11. Slide 11: Robust Asset Quality

    Robust Asset Quality Loans (bn) USD Basket 3.4%  NPL Ratio: 0.2% 4,3 4,5  100% provisioning policy 3,9 3,8 3,6 3,4  Collection Ratio: 100%  Coverage Ratio: 106% (including 2nd group)  No correlation between NPL and Group II Loans 2012 2013 1Q-2014 159 TRY mn TRY mn 142 134 110 104 100 105 75 81

  12. Slide 12: Securities Portfolio

    Securities Portfolio  Duration is 1.4 yrs in Fixed & Floating TRY mn 177 bonds, 6.7 yrs in CPIs. 267 170  99% is in AFS potfolio. FX($)  25% of TRY portfolio funded by repo 2.372 2.547 % 86  Private sector bonds: 19% of total portfolio 2.310 TRY TRY Securities / Assets 2012 2013 1Q-2014 18% TRY

  13. Slide 13: Income Breakdown

    Income Breakdown YoY Net Interest Income (TRY mn) 1Q-2013 1Q-2014 Change Adj. Net Interest Income 114,9 135,2 18% Net Commisions 2,1 2,2 2% 18% Dividend Income 4,6 9,1 99% Other Operating Income 4,4 21,5 391% Net Banking Income Net Banking Income 126,0 168,0 33% (exc. one-off) Personnel Expenses 11,

  14. Slide 14: Income Breakdown

    Income Breakdown Net Interest Income Breakdown Net Interest Income Loans 57% 63% 63% 70% 2012 88.2% 2013 90.5% Liquid 43% 37% 37% 30% Assets 1Q-14 80.5% 2012 1Q-13 2013 1Q-14 Commission Income Breakdown-Gross TRY mn 14.1 2.4 12.4 2.4 Net Commissions Brokerage 13% 22% 16% 14% 7% 21% 2012 2.7% Corpora

  15. Slide 15: Net Interest Margin

    Net Interest Margin Annual NIM Quarterly NIM 4,8% 4,8% 4,6% 4,6% 4,4% 4,7% 4,6% 4,3% 4,5% 4,3% 4,4% 4,2% 4,1% 2012 1Q-2013 2013 1Q-2014 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 NIM Evolution Cumulative NIM Evolution Quarterly -11 22 -2 11 -14 7 7 -10 21 -34 10 453 -29 9 442 18 442 428 YE-2013 Ne

  16. Slide 16: Key Performance Indicators

    Key Performance Indicators ROAE ROAA Cost to Income 19,7% 19,3% 19,9% 14,8% 17,9% 13,9% 14,0% 13,6% 3,1% 3,2% 2,8% 2,9% 2012 1Q-2013 2013 1Q-2014 2012 1Q-2013 2013 1Q-2014 2012 1Q-2013 2013 1Q-2014 Free Capital Interest Income/AIEA Interest Expense/AIBL 13,9% 13,4% 11,9% 11,9% 6,2% 5,8% 6,1% 5,7% 2,

  17. Slide 17: Quarterly Income Breakdown

    Quarterly Income Breakdown Change Change (TRY mn) 1Q13 2Q13 3Q13 4Q13 1Q14 QoQ YoY Adj. Net Interest Income 115 111 114 132 135 3% 18% Net Commisions 2 2 4 3 2 -36% 2% Dividend Income 5 24 0 2 9 309% 99% Other Operating 4 1 0 2 22 839% 391% Income Net Banking Income 126 138 117 139 168 21% 33% Perso

  18. Slide 18: Balance Sheet

    Balance Sheet 31/03/2013 31/12/2013 31/03/2014 (TRY mn) TRY FX TOTAL TRY FX TOTAL TRY FX TOTAL Cash and 152 223 375 43 310 352 21 369 389 Banks Securities 2.340 404 2.743 2.547 375 2.922 2.310 365 2.675 Loans 217 6.877 7.094 578 8,599 9.177 692 8.929 9.621 Subsidiaries 321 3 324 329 3 331 289 3 292

  19. Slide 19: Contact us TSKB Investor Relations

    Contact us TSKB Investor Relations ir@tskb.com.tr | www.tskb.com 19

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