Icbc Turkey Bank Anonim Sirketi · BIST:ICBCT
Icbc Turkey Bank Anonim Sirketi — Tekstilbank — Q1 2013 Earnings Presentation
19 slides from Icbc Turkey Bank Anonim Sirketi's earnings presentation, Mar 31, 2013
Slide 1: Earnings Presentation March 31, 2013 / BRSA Bank-Only
Earnings Presentation March 31, 2013 / BRSA Bank-Only 1
Slide 2: Macroeconomic environment in 1Q 2013
Macroeconomic environment in 1Q 2013... A more gloomy outlook was witnessed abroad, due to Cyprus issues and Italy’s political instability in Europe, coupled with rumors of Fed’s early exit from extra loose monetary policy Turkish economy probably performed slightly better than 2.2%, y/y, growth
Slide 3: More conservative balance sheet management
More conservative balance sheet management Highlights of 1Q 2013: A more conservative approach, resulting in a balance sheet contraction Repo’s gained more dominance in funding, while costly deposits were reduced CAR strengthened further to 17.0% NPL ratio increased to 5.9%, attributable to
Slide 4: Looking into 2013
Looking into 2013 Macroeconomy Banking Sector Tekstilbank Slightly better global Loan growth is not expected to Growth in line with sector macroeconomic outlook, thanks exceed 15%, under close Likely increase in NPL’s to less contraction in Euro area scrutiny of the Central Bank, Declining
Slide 5: A slight contraction in balance sheet vs. 2012-end
A slight contraction in balance sheet vs. 2012-end Composition of Assets Total Assets (TLmn) CAGR 04-07: YoY: 9.3% 35% 3,543 3,502 3,677 3,598 3,292 -2.1% 14.8% 16.6% 16.4% 16.2% 18.8% 2.0% 2.9% 2.4% 3.2% 2.0% 12.9% 12.6% 8.9% 9.0% 8.7% Mar 12 Jun 12 Sep 12 2012 Mar 13 72.5% 71.2% 70.5% Currency Com
Slide 6: Higher FX Loans
Higher FX Loans Total Cash Loans (TLmn) TL Cash Loans* (TLmn) YoY: 12.2% YoY: 9.7% 2,540 2,618 2,537 1,821 1,810 2,471 1,727 1,704 2,261 1,553 -3.1% -5.9% Loans / Customer Deposits 107.1% 107.2% 103.2% 100.9% 98.4% Mar 12 Jun 12 Sep 12 2012 Mar 13 Mar 12 Jun 12 Sep 12 2012 Mar 13 Currency Breakdown
Slide 7: Diminished weight of deposits in funding
Diminished weight of deposits in funding Composition of Liabilities Total Deposits* (TLmn) TL Deposits* (TLmn) & SHE YoY: 9.7% YoY: 4.4% 2,662 1,511 1,508 2,242 2,307 2,370 2,459 1,262 1,318 1,268 4% 3% 4% -7.6% -12.6% 4% 6% 16% 15% 16% 16% 15% 9% 12% 11% 12% 16% Mar 12 Jun 12 Sep 12 2012 2012 Mar 1
Slide 8: Strong CAR at 17.0%
Strong CAR at 17.0%... Capital Adequacy Ratio (CAR) Free Equity (TLmn) Free Equity / Equity 71.9% 71.8% 71.1% 71.1% 17.4% 68.1% 16.5% 17.0% 15.9% 16.5% 407 393 380 389 379 Mar 12 Jun 12 Sep 12* 2012* Mar 13* Mar 12 Jun 12 Sep 12 2012 Mar 13 * Calculated according to new BRSA regulations, in line wit
Slide 9: Temporary deterioration in asset quality
Temporary deterioration in asset quality NPL Ratio NPL Ratio (including non-cash loans) Tekstilbank Market Average Tekstilbank Market Average 5.9% 4.1% 4.6% 4.9% 4.9% 3.3% 3.4% 4.6% 3.1% 3.4% 2.7% 2.6% 2.9% 2.9% 3.0% 2.1% 2.2% 2.2% 2.3% 2.0% Mar 12 Jun 12 Sep 12 2012 Mar 13 Mar 12 Jun 12 Sep 12 2012
Slide 10: Modest drop in retail loans
Modest drop in retail loans Breakdown of Loan Portfolio Breakdown of Retail Loans (TLmn) YoY: 2.3% 379 384 384 -2.8% 1.2% 1.2% 1.3% 1.3% 1.3% 365 374 13.3% 13.4% 30 33 35 14.9% 14.1% 13.8% 34 28 164 160 156 150 143 83.9% 84.9% 84.7% 85.4% 85.3% 17 26 28 30 32 173 167 177 159 144 Mar 12 Jun 12 Sep 12
Slide 11: Reduced non-cash loans
Reduced non-cash loans Total Non-Cash Loans (TLmn) TL Non-Cash Loans (TLmn) Non-Cash / Cash Loans YoY: 3.3% YoY: 29.2% 698 649 1,248 564 1,154 1,191 503 523 1,091 1,149 -7.0% -4.6% 51.0% Mar 12 Jun 12 Sep 12 2012 Mar 13 47.7% 47.0% Mar 12 Jun 12 Sep 12 2012 Mar 13 44.2% 45.3% Currency Breakdown of F
Slide 12: Lower interest income, hit by falling interest rates and CPI-linkers
Lower interest income, hit by falling interest rates and CPI- linkers... Interest Income (TLmn) Composition of Interest Income 85 0.4% 0.5% -13% 74 12.9% 11.0% 0.3 0.3 Other 11.0 8.2 Securities 86.7% 88.5% Loans 73.7 65.9 Q1 2012 Q1 2013 Q1 2012 Q1 2013 Interest Expense (TLmn) Composition of Interes
Slide 13: ...resulting in a lower NIM
...resulting in a lower NIM Banking Income (TLmn) Adjusted Net Interest Margin* (Quarterly) 47 -4% 45 6.7 3.8 4.8 6.2 5.6% 4.7% 4.7% 4.6% 35.3 35.4 4.0% 1Q12 2Q12 3Q12 4Q12 1Q13 Q1 2012 Q1 2013 Other Net Fees Adj.NII (by FX and trading gain / loss) * Adjusted by FX gain / loss 13
Slide 14: Well-managed OPEX
Well-managed OPEX Operating Expenses (TLmn) Composition of Operating Expenses 25.8 0.7% 25.8 23% 23% 6.1 6.0 12% 11% 4% 3% 3.0 2.7 0.9 0.8 63% 61% 16.3 15.8 Q1 2012 Q1 2013 Q1 2012 Q1 2013 Personnel Depr.& Amort. Personnel Depr.& Amort. Operational Leasing Other Opex Operational Leasing Other Opex 1
Slide 15: Summary Balance Sheet
Summary Balance Sheet... Mar 2012 Dec 2012 Mar 2013 TL million Cash & Banks 375 480 467 Total Securities 425 330 314 Total Cash Loans 2,261 2,618 2,537 Fixed Assets & Subsidiaries 108 124 125 Other 123 125 155 Total Assets 3,292 3,677 3,598 Deposits* 2,242 2,662 2,459 Interbank Money Market* 224 65
Slide 16: Summary Income Statement
Summary Income Statement... 1Q 2012 2Q 2012 3Q 2012 4Q 2012 1Q 2013 TL million Interest Income 85.0 87.2 79.8 86.2 74.4 Loans 73.7 74.8 76.6 75.2 65.9 Securities 11.0 12.0 2.8 10.7 8.2 Other 0.3 0.4 0.4 0.3 0.3 Interest Expense 53.1 54.0 51.3 45.0 41.7 Deposits 44.6 41.4 43.5 38.7 34.4 Funds Borrowe
Slide 17: Summary Income Statement (Consolidated)
Summary Income Statement (Consolidated)... 1Q 2012 2Q 2012 3Q 2012 4Q 2012 1Q 2013 TL million Interest Income 85.6 88.0 80.4 86.8 75.1 Loans 74.1 75.1 77.1 75.5 66.4 Securities 11.1 12.1 2.9 10.7 8.2 Other 0.4 0.8 0.4 0.6 0.5 Interest Expense 53.1 53.9 51.3 45.0 41.6 Deposits 44.6 41.3 43.5 38.7 34.
Slide 18: Disclaimer
Disclaimer Statement The information, opinions and estimates contained in this document have been compiled or arrived at by Tekstilbank from sources believed to be reliable and in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or corre
Slide 19: For further information please contact
For further information please contact: Investor Relations Phone: +90-212-335-5159 investorrelations@tekstilbank.com.tr www.tekstilbank.com.tr 19