Turkiye Sinai Kalkinma Bankasi A.s. · BIST:TSKB
Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — FY2023 Earnings Presentation
19 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, 2024
Slide 1: Earnings Presentation YE-23 Bank-only Results
The Industrial Development Bank of Tiirkiye Earnings Presentation YE-23 Bank-only Results ’| | és REGION INDUSTRY TOP RATED | | TOP RATED | | TOP RATED Please;note that any kind of fecordingincluding but notlimited to screenshots, video recording, recording vid external devices etc. of this presenta
Slide 2: 4Q-23 At a Glance
4Q-23 At a Glance Differentiating profitability + Robust core banking income generation performance overbeating + NIM outperformance vs guidance our guidance + 8% QoQ, 74% YoY bottom line expansion Y Stellar NII expansion bolstered by strong quarterly loan volume and contribution of securities portf
Slide 3: Financial Guidance (Bank Only)
Financial Guidance YE-23 Guidance YE-23 Figures YE-24 Guidance (Bank Only) % % % Growth FX Adjusted Loan Growth ~5 5 High Single Digit Profitability Net Interest Margin >5 7 ~6 Fees & Commissions Growth ~100 186 > avg. CPI Return On Equity ~35 41.2 ~40 Efficiency OPEX Growth ~90 135 > avg. CPI Cost/
Slide 4: Robust Core Banking Income Expansion
Robust Core Banking Income Expansion Core Banking Income- TL mn Annual Evolution of Net Banking Income vs Provisions - TL mn. Strong profitability supported our prudent 11,449 Net banking income exc. approach and leading CPI&Trading position with respect to coverage ratios 7,194 3.123 Trading Gain/L
Slide 5: Income Statement Highlights
Income Statement Highlights Time ver ve2s [INGV) 3023 4025 (Jeeal) Net Interest Income 6,415 9,564 49% 2,586 3,046 18% Robust . bottom line Trading Income 1,024 2,371 131% 255 478 88% surge +74% YoY Net Fees & Commissions 159 453 186% 151 166 10% Other Income (inc dividends) 102 249 144% 3 125 nm. S
Slide 6: Funds secured in 2023 surpassed USD 1.1 billion
Funds secured in 2023 surpassed USD 1.1 billion Funding / Total Liabilities (exc. Equity & Oth.) 29% 2% Yearly Multilateral Funding Agreements - USD mn m Guaranteed DFI Funding Unguaranteed DFI 22% 21% 22% yyscing Loan Agreements in 20: Securities Issued 12% 12% 11% m Subordinated Debt Syndication &
Slide 7: Resilient Asset Composition
Resilient Asset Composition Asset Composition - TL bn Total Loans - TL bn Currency Loan Breakdown Growth 3% 130.1 YoY 115.8 | 11.3 | > 9% DD Z 80.3 7.6 3.95 40-23 40-22 30-23 ™ FX Loans ($) = TL Loans 30-23 40-23 4Q-22 = Cash & MM mNon IEAs & Other mLoans = Securities 4Q-23 Loans by Currency Remaini
Slide 8: Loan breakdown by sector
Electricity Generation 35.6% Finance 10.3% Metal & Machinery 7.3% Tourism 6.8% Logistics 5.6% Health & Education 5.3% Electricity/Gas Distr. 4.5% Construction & Construction Materials 4.5% Chemistry & Plastics 4.4% Food & Beverage 2.8% Textile 2.7% Paper and Forestry Products 2.6% Other**
Slide 9: ✓ ✓ ✓ ✓ ✓ 113,073 1,173 13,126 3,969 3,939 3,073
✓ ✓ ✓ ✓ ✓ 113,073 1,173 13,126 3,969 3,939 3,073
Slide 10: Security Yields
Security Yields Excluding CPI CPI 80,4% 75,6% • 58,6% 57,7% 56,9% 47,8% 47,5% 42,8% • 31,5% 18,8% 19,1% 18,9% 19,4% 19,9% 22,6% 17,3% • 1Q-22 2Q-22 3Q-22 4Q-22 1Q-23 2Q-23 3Q-23 4Q-23
Slide 11: NIM overperformed vs guidance given core NIM expansion and security book yields
NIM overperformed vs guidance given core NIM expansion and security book yields 6.6% 6.3% 5.9% 2.4% 2.1% 2.4% ‘mCP Impact 2.3% yy v Upward NIM trend in 2023 mCore NIM @ Zi L, 4.3% 4.2% id ¥ Solid core NIM expansion 3.5% v Robust loan spread 10-23 20-23 30-23 40-23 . Quarterly NIM Y Strategic treasur
Slide 12: Resilient solvency metrics support our growth plans
Resilient solvency metrics support our growth plans Capital Ratios Without BRSA Temporary Measures Evolution of RWA and Equity-TLbn 142.1 ees, Kae 97.1 8.5% 125 174 17.9 25.0 iS bie) = = 2022 30-23 2023 2022 30-23 2023 mTier|Ratio = CAR =RWA s=CoreEquity =Total Capital With BRSA Temporary Measures —
Slide 13: 2023 Sustainable Banking Performance & Metrics
2023 Sustainable Banking Performance & Metrics USD 8 billion SDG-linked . ; financing by 2030 “Aorerealation since 2021 Climate focused financing |71{3))7 Cy) ion in 2023 * — Reducing and adapting to climate risks * — Circular economy * — Energy efficiency projects supported by advanced technology L
Slide 14: 2S BS Q gf x
2S BS Q gf x
Slide 15: Balance Sheet
As Balance Sheet Cash and Banks Securities Loans (Gross) Provisions Subsidiaries Other Total ST Funds LT Funds Securities Issued Repo & MM Other Subordinated Debt Shareholders’ Equity 5,758 9,868 7,639 -2,292 3,555 2,015 26,544 31/12/2022 15,126 27,839 130,137 -8,228 7,370 4,640 176,884 5,913 100,76
Slide 16: Detailed Income Statement
Detailed Income Statement TLmn 40-22 3-23 4-23 yly ala 2022 2023 yly Net Interest Income inc, Swap Cost 2,010 2,586 3,046 52% 18% 6,415, 9,564 49% Net Interest Income 2,078 2,652 3,757 81% 42% 6,720 10,239 52% CPI Linkers 1,095 1,127 942 -14% -16% 3,047 3,457 13% Swap Costs 68 66 711 nm. 977% -306 -
Slide 17: Appendix: ESG Ratings
Appendix: ESG Ratings () sustamatynics Wepp Sustainalytics ESG Risk Rating CDP Climate Change Score Range 0-40+ A/D- Score 6.9 A- Negligible risk category Leadership First place in Turkiye ES 9 place among global fyi.) development banks | TQP RATED | Moopy’s Moody's ESG Credit Impact Score a5 2 Neut
Slide 18: Appendix: Stage Loans Breakdown
Appendix: Stage 2 Loans Breakdown Stage 2 Loans Sector % Coverage (%) Tourism 40 40 Electricity Generation 20 13 97% of Electricity Electricity/Gas Distribution 7 4 Generation loans Non-residential Real Estate 7 30 are Renewable Metal and Machinery 5 20 Telecom/Logistics 4 9 Automotive Supply Indust
Slide 19: Disclaimer
DISCLAIMER This presentation document is prepared for informational purposes only and contains certain forward-looking comments, opinions, and forecasts. These reflect the views of Turkiye Sinai Kalkinma Bankasi A‘S. ("TSKB") as of the date of this presentation and contain certain assumptions. Altho
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