Turkiye Sinai Kalkinma Bankasi A.s. · BIST:TSKB
Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — H1 2006 Earnings Presentation
29 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, 2006
Slide 1: 1H06 BRSA Results Investor Presentation
Created with a trial version of Syncfusion Essential PDF 1H06 BRSA RESULTS INVESTOR PRESENTATION
Slide 2: Slide 2
Slide 3: TSKB, Banking Sector vs TSKB, Appendices
TSKB BANKING SECTOR vs TSKB APPENDICES 3
Slide 4: TSKB at a Glance
TSKB at a Glance... Ownership Structure* Main Subsidiaries 8.4% Yatırım Finansman Securities İş Leasing 50.1% 41.5% TSKB Real Estate Appraisal Free Float** TSKB Real Estate Investment Trust * 50% of stocks are quoted at ISE. ** 27% foreign participation (54% of the free float stocks) Financial Summa
Slide 5: Mission
Mission Coupling reliable, objective, customer MISSION oriented development banking with dynamic investment banking activities 9To promote the growth of private sector 9To encourage and assist local and foreign capital to participate in Turkish companies 9To contribute to the growth of capital marke
Slide 6: History
History Established with the support of Issued Samurai Merged with CBT and IBRD to Bonds with Turkish Sınai Yatırım promote the Treasury guarantee Bankası (SYB) private sector in Turkey 1950 1960’s 1980’s 1990’s 2000’s Corporate bonds Start of issued and Promoted private Market leader in APEX underw
Slide 7: Core Business Lines
Core Business Lines Corporate & Investment Treasury Asset Development Banking Management & Banking Brokerage Medium & Long- IPOs; SPOs Fixed Income Asset term Financing to Management M&As Treasury Private Sector Marketing Unit TSKB Mutual (more than 4000 Financial and (TMU) Funds have compan
Slide 8: Main Participations
Main Participations TSKB Capital Market Price* Entity Sector Ownership (mn TRY) (mn TRY) Yatırım Finansman Securities Financial 88.44% 10.0 Not listed TSKB Real Estate Investment Trust Financial 96.00% 10.0 Not listed İş Leasing Financial 28.56% 50.0 243.0 TSKB Investment Company Trust Financial 29.
Slide 9: Medium & Long Term Funds by Multilateral Agencies
Medium&Long Term Funds by Multilateral Agencies European Investment Bank (EIB) World Bank (IBRD) Japan Bank for International Cooperation (JBIC) Kreditanstalt für Wiederaufbau (KfW) Council of Europe Development Bank (CEB) International Finance Corporation (IFC) Agence Française de Développement (AF
Slide 10: Funding Base (mn)
Funding Base (mn) Amount Tenor Maturity 10
Slide 11: Funding Base (mn)
Funding Base (mn) Amount Tenor Maturity 11
Slide 12: Funding Base
Funding Base By Sources Currency Risk Structure (USD mn) EIB (mn USD) USD EUR JPY Total Total Assets 903 949 88 1941 11% CEB Total Liabilities 985 924 94 2003 3% AFD 3% Net On-Balance -81 25 -6 -62 42% JBIC Sheet Position 7% IBRD Net Off-Balance 79 -22 7 64 Sheet Position KFW Net -2 3 1 2 IFC Muraba
Slide 13: Sustainable Growth Over the Years
Sustainable Growth Over the Years Total Assets (USD mn) Funds Borrowed (USD mn) 1,984 2,035 2,470 2,419 2,027 80% of the 1,651 1,707 Long Term Funds 1,386 borrowed are guaranteed by the Turkish Treasury. 2004 1H05 2005 1H06 2004 1H05 2005 1H06 Total Loans (USD mn) Shareholders’ Equity (USD mn) 1,494
Slide 14: Balance Sheet Composition
Balance Sheet Composition Assets Liabilities and Equity 2% 3% 3% 8% 10% 10% 17% 13% 17% 61% 53% 62% 81% 84% 80% 37% 31% 28% 2004 2005 1H06 2004 2005 1H06 Liquid Assets Loans Others Borrowings Equity Others 14
Slide 15: Loan Book
Loan Book NPL Ratio vs. Coverage Ratio Well Diversified Loan Portfolio 6% 120% 100% 12% FINANCE 5% 4.0% 100% NPL’s are 11% 3.7% TOURISM low and ENERGY 4% 80% fully TEXTILE 2.5% 26% 9% 3% 60% provisioned OTHER 1.7% AUTOMOTIVE & LOGISTICS METALS 2% 40% CHEMISTRY 9% OTHER PRODUCTION 1% 20% 2% 2% PLASTI
Slide 16: Securities Portfolio 1H06
Securities Portfolio Securities Portfolio (USD mn) Average Maturity (Years) TRY TL Securities FC 1.85 1H06 559 FX Securities 412 58% 70% 2.75 266 55% 252 57% 2.04 2005 293 2.99 214 243 188 1.08 2004 2004 1H05 2005 1H06 2.22 Breakdown of Securities Portfolio FX FX Floating Floating Total Securities 1
Slide 17: Sufficient Capitalisation
Sufficient Capitalisation Capital Base (USD mn) Capital Adequacy Ratio Tier I Capital Tier II Capital 43% Deductions 40% 37% 325 255 307 26% 90 142 64 -75 -83 -124 2004 1H05 2005 1H06 2004 2005 1H06 Free Capital Risk Weighted Assets 11.02% 11.04% 10.44% 8.70% 87% 78% 80% 78% 13% 22% 20% 22% 2004 1H0
Slide 18: Income Statement
Income Statement Net Profit (USD mn) Income Composition 8% 10% 36.1 9% 14% 28.7 82% 76% 1H05 1H06 1H05 1H06 Adj. NII Other Income Net Commissions Interest Income (USD mn) Breakdown of Interest Income 91 84 Share of IEA in 32% TA is 92% 49% Loans 68% Liquid 51% Assets 1H05 1H06 1H05 1H06 18
Slide 19: Financial Summary
Financial Summary Income Statement Loan Spread (000 USD) 1H05 1H06 Change Adj. Net Interest Income 48,447 42,807 -12% 2.4 2.4 2.4 2.3 Net Commissions 4,865 5,881 21% Released Provisions 2,302 4,313 87% Other Operating Income 3,231 3,536 9% 2004 1H05 2005 1H06 Net Banking Income 58,845 56,537 -4% Per
Slide 20: Financial Highlights
Financial Highlights Ratios Financials 2004 1H05 2005 1H06 (USD mn) 2004 1H05 2005 1H06 CAR 42.8 % 40.0 % 36.8 % 25.8 % Assets 1,707 2,027 2,470 2,419 Free 11.0 % 11.0 % 10.4 % 8.7 % Liquid 481 757 921 672 Capital Assets Cost to 28.0 % 25.2 % 29.0 % 27.8 % Loans 1,038 1,107 1,306 1,494 income NIM 5.
Slide 21: Banking Sector vs TSKB
TSKB BANKING SECTOR vs TSKB APPENDICES 21
Slide 22: Banking Sector vs TSKB as of 1H06
Banking Sector vs TSKB as of 1H06 LOANS / ASSETS NPL IEA / T.ASSETS 62% 3.8% 88% 90% 44% 1.7% Sector TSKB Sector TSKB Sector TSKB TOTAL EXPENSES / ROAA ROAE AVG. ASSETS 3.1% 2.3% 2.5% 19.1% 17.1% 1.0% Sector TSKB Sector TSKB Sector TSKB 22
Slide 23: Appendices
TSKB BANKING SECTOR vs TSKB APPENDICES 23
Slide 24: Ratings
Ratings TSKB’s Fitch Ratings (December 2005) TSKB’s Moody’s Ratings (December 2005) Foreign and Local Currency Financial Strenght Rating D+ Long Term BB- Outlook (FSR) Stable Short Term B Long Term Foreign Currency B1 Outlook Positive National A Foreign Currency Outlook Positive Outlook Stable Indiv
Slide 25: Participations as of 1H06
Participations as of 1H06 Entity Sector Ownership Capital (TRY) Yatırım Finansman Menkul Değerler A.Ş. (Yatırım Finansman Securities) Financial 88.44% 10,000,000 TSKB Menkul Değerler A.Ş. (TSKB Securities) Financial 91.79% 1,675,000 TSKB Gayrimenkul Yatırım Ortaklığı A.Ş. (TSKB Real Estate Investmen
Slide 26: Awards
Awards “Best Real Estate Advisor” in Turkey – 2005 “Best M&A House” in Turkey by Euromoney – 2005 “Best Local Partner” by Euromoney Awards for Excellence – 2004 “Best Securities Firm” by Euromoney – 1997, 1998 and 1999 “Best Credit Rating among Banks in Emerging Markets” – 1998 and 1999 by
Slide 27: Organization Chart 2006
Organization Chart 2006 IN F O R M A T IO N TE C H N O LO G Y & H U M A N A P P L IC A T IO N SYST EM HU M AN RESO U RC ES SYST EM & NET W O RK RESOURCES DEVELO PM EN T DEVELO PM ENT SUPPORT GÖKHAN E X E C U T IV E V IC E Ç A N A K P IN A R Y E T K İN K E S L E R O L C A Y T A T L IO Ğ L U E R K A N
Slide 28: Contacts
Contacts Meclisi Mebusan Caddesi No 161, 34427 Fındıklı Istanbul/TURKEY INVESTOR RELATIONS Tel: +90 212 334 5276 Fax: +90 212 243 2975 E-mail: ir@tskb.com.tr www.tskb.com 28
Slide 29: Disclaimer
Disclaimer The information in this document has been obtained by Türkiye Sınai Kalkınma Bankası A.S. (“TSKB”) from sources believed to be reliable, however, TSKB cannot guarantee the accuracy, completeness, or correctness of such information. This document has been issued for information purposes on
Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — H1 2006 Earnings Presentation on 6ix