Albaraka Turk Katilim Bankasi A.s. · BIST:ALBRK
Albaraka Turk Katilim Bankasi A.s — Albaraka Türk Participation Bank — Q4 2020 Earnings Presentation
21 slides from Albaraka Turk Katilim Bankasi A.s's earnings presentation, Feb 22, 2021
Slide 1: Q4'2020 Investor Presentation
Q4’2020 Investor Presentation Albaraka Türk Participation Bank 22 February 2021
Slide 2: Agenda
Agenda 1 Financial Highlights 2 Market Comparison 3 Appendix
Slide 3: Albaraka Turk – 2020 Year-End at a Glance
3 3 Albaraka Turk – 2020 Year-End at a Glance Balance Sheet Key Ratios (Million TRL) 2019 2020 Y-Y(%) % 2019 2020 YtD (bps) Total Assets 51.392 69.316 34,9 Total Funded Credits (Net) 29.749 40.583 36,4 CAR 14,97 13,51 -146 Total NPLs 2.222 2.045 -7,94 Deposits (incl. Interbank) 39.769 51.613 29,8 Ti
Slide 4: 2020 Main Highlights (Million TRL)
6 4 2020 Main Highlights (Million TRL) Total Assets Total Funded Credits Total Collected Funds Net Profit 68.395 69.316 59.456 55.552 254,7 51.392 52.358 51.613 237,1 45.566 217,6 43.277 39.769 40.608 40.583 33.890 35.931 29.749 134,0 63,4 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 2016 2017 2018 2019 2020 Commo
Slide 5: Asset Composition
57 5 Asset Composition Composition of Total Assets (Q4’20) Liquid Assets (Million TRL) Other Assets; Liquid Assets % of Total Assets 3,3% 32,5% 33,4% 30,0% 31,8% Other 29,0% Liquid Funded Assets*; Credits; 24,0% 58,6% 17.215 16.114 17.827 21.776 23.180 Securities Portfolio; Q4'19 Q1'20 Q2'20 Q3'20 Q
Slide 6: Operation Performance Breakdown
66 6 Operation Performance Breakdown Key Movements in Income (Million TRL) Net Profit Share Income (Million) 1706 240 -1 -57 19 470 4.809 1268 4.607 1024 366 1020 468 267 158 823 262 243 363 376 395 321 236 249 108 144 278 318 373 250 196 2019 Profit Share Fees & Trading Others 2020 Income Comm Inco
Slide 7: Funded Credits Portfolio
7 7 Funded Credits Portfolio Total Funded Credits (including financial leasing, million) Yield on Performing Credits (%) 18,8% 17,9% Q4’19 Q3’20 Q4’20 QoQ YoY 16,3% 14,7% 13,6% TL Credits, TL 14.205 19.679 21.321 8,3% 50,1% 11,1% 10,7% 10,0% 9,6% 8,9% FC Credits, $* 2.259 2.459 2.632 7,0% 16,5% 5,9%
Slide 8: Asset Quality
8 8 Asset Quality Gross Funded Credits by Groups (including financial leasing, million) NPL Ratio (%) 42.258 42.416 37.376 4,6% 4,8% 35.204 30.881 6,4% 8,9% 8,3% 6,7% 7,19 8,0% 7,2% 10,2% 6,71 11,9% 6,41 86,5% 86,8% 83,1% 85,6% 80,9% 4,82 4,57 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q4'19 Q1'20 Q2'20 Q3'20 Q4
Slide 9: Asset Quality
9 9 Asset Quality NPL Formation Trend (Quarterly) NPL Inflow Sector Distribution (Q4’20) 677 8,9%4,3% 473 9,7% 419 36,0% 7,9% 189 6,6% 39 26,5% 529 465 266 120 108 541 148 394 743 265 478 145 33 75 64 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Additions (million TRL) Collections (million TRL) Manufacturing Const
Slide 10: Funding Profile
10 10 Funding Profile Composition of Total Liabilities (Q4’20,%) Composition of Funding Base (Million TRL) 37,7% 3,4% Funds Collected 5,8% 62.924 62.025 53.366 16,3% Wholesale Funding 49.820 45.697 45% 49% Shareholders' 54% Equity 56% 57% 74,5% Others 35% 37% 31% 32% 30% 13% 15% 16% 18% (Million TRL
Slide 11: Funding Profile (Collected Funds)
11 Funding Profile (Collected Funds) Total Funds Collected (Million TRL) Currency Composition of Funds Collected (Q4’20,%) 2019 2020 Yoy Funds Collected 39.769 51.613 29,8% Current Accounts 13.902 23.159 66,6% 12,5 4.199 4.635 10,4% 30,0 TRL Current Accounts TL 16,5 USD Current Accounts, FC, $ 1.637
Slide 12: Off Balance Sheet Growth
12 12 Off Balance Sheet Growth Off Balance Sheet Composition (%) LGs*-to-Total Assets LG LC Others *Below 20% of LGs to Total Assets is targeted 12.677 16.066 16.951 17.943 20.659 21 17,0% 35 40 41 45 15,9% 10 10 14,5% 9 9 9 13,0% 13,3% 69 55 51 50 47 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q4'19 Q1'20 Q2'20
Slide 13: Income- Cost Dynamics
13 14 13 Income- Cost Dynamics Yearly Notes (Million TRL) 2019 2020 % Profit Share income increased by 7,2% While Profit share Net Profit Share Income 823 1.706 107,2 Expenses decreased by 25,5% YoY. Downward cost of funding lead to stronger Net Profit Share Income. Circa 22,1 % Y-o-Y contraction in
Slide 14: Income- Cost Dynamics
13 14 14 Income- Cost Dynamics Quarterly (Million TRL) QoQ YoY Q4’19 Q3’20 Q4’20 % % Net Profit Share Income 376 468 470 0,3 25,1 Net Fee Income 76 62 71 13,7 -6,6 Net Trading Income 98 104 94 -10,1 -5,0 Other Income 111 329 91 -72,4 -17,8 Provisioning 294 536 267 -50,2 -9,5 Personnel Expenses 172 1
Slide 15: Agenda
Agenda 1 Financial Highlights 2 Market Comparison 3 Appendix
Slide 16: Financial Ratios - Sector Comparison
15 16 Financial Ratios - Sector Comparison Percent % Q4’19 Q4’20 Participation Participation Banking Albaraka Türk Banking Sector Albaraka Türk Banks Banks Sector CAR 14,97 18,04 18,43 13,51 17,79 18,76 NPL Ratio 7,19 4,53 5,27 4,82 3,51 4,03 Provisioning Ratio (Stage 3) 42,61 63,88 65,14 61,02 82,9
Slide 17: Agenda
Agenda 1 Financial Highlights 2 Market Comparison 3 Appendix
Slide 18: Summary Balance Sheet
17 18 Summary Balance Sheet (Million TRL) Q4’19 Q4’20 Growth Cash and Balances with Central Bank 8.796 13.235 50,5% Banks 4.187 3.413 -18,5% Financial Assets 6.243 9.792 56,9% Funded Credits 29.749 40.583 36,4% Cash Credits 28.416 40.011 40,8% NPL 2.222 2.045 -8,0% Provisions (Stage III) 947 1.248 3
Slide 19: Summary Income Statement
18 19 Summary Income Statement (Million TRL) 2019 2020 Growth (%) Profit Share Income 3.344 3.585 7,2 Profit Share Expense 2.521 1.879 -25,5 Net Profit Share Income 823 1.706 107 Net Fees and Commissions Income 300 234 -22,1 Fees and Commissions Received 395 395 -0,1 Fees and Commissions Paid 96 161
Slide 20: Thank You
alBaraka'O THANK YOU
Slide 21: Contact Us / Disclaimer
Disclaimer THIS PRESENTATION AND THE INFORMATION CONTAINED HEREIN IS CONFIDENTIAL AND MAY NOT BE REPRODUCED, CIRCULATED, DISTRIBUTED OR PUBLISHED (IN WHOLE OR IN PART) OR DISCLOSED BY RECIPIENTS TO ANY OTHER PARTY. BY VIEWING THIS PRESENTATION, YOU AGREE TO BE BOUND BY THE FOREGOING LIMITATIONS. Thi
Albaraka Türk Participation Bank — Q4 2020 Earnings Presentation on 6ix