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

Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — Q1 2011 Earnings Presentation

26 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, May 2011

  1. Slide 1: Investor Presentation 1Q2011 - BRSA Bank Only Results

    Created with a trial version of Syncfusion Essential PDF Investor Presentation 1Q2011 ‐ BRSA Bank Only Results 1

  2. Slide 2: Turkish Economy

    Turkish Economy GDP Growth (%) Eurozone vs Turkey: Public Debt/GDP 8.9% 8.4% (%) 6.9% Eurozone IMF 100 4 7% 4.7% 3 8% 3.8% T k Turkey Forecast 4.6% 90 0.7% 80 70 Maastricht Criteria: 60% 60 50 ‐4.8% 40 2005 2006 2007 2008 2009 2010 2011E 2012E 30 2002 2004 2006 2008 2010 2012 2014 Balance of Payment

  3. Slide 3: Turkish Economy

    Turkish Economy Interest Rate Turkey CDS 25 900 23 5yr CDS 800 21 700 10yr CDS 19 17 600 Fiyyat (bps) 15 13 500 11 400 9 Benchmark Bond Rate (Compound) 300 7 CBRT Policy Rate (Compound) 5 200 100 Jan-08 May-08 Sep-08 Jan-09 May-09 Sep-09 Jan-10 May-10 Sep-10 Jan-11 Exchange Rate & CDS & Rating Infla

  4. Slide 4: TSKB @ a Glance

    TSKB @ a Glance Ownership TSKB Credit Ratings (May 2011) Free Float; 41.6% Fitch LTFC BB+ İsbank; 50.0% Moody’s LTFC Ba3 Corporate Governance Rating Vakifbank; SAHA 8.92/10 8.4% Main Subsidiaries Yatırım Finansman Securities İ Leasing İş • Established in 1950 96% 29% • Largest private investment & d

  5. Slide 5: Snapshots

    Snapshots • Implying 55% QoQ increase, net income reached TRY 67 mn • Profitability higher than last quarter ; RoE at 20.9% Sustainable • Up by 5.2% QoQ, total assets keep growing without compromising on asset Profitability; Stable Net quality (ROA: 3.3%) I t Interestt • Loan L volume l totaling li

  6. Slide 6: Banking Sector vs TSKB

    Banking Sector vs TSKB 2010­1Q Banking Sector TSKB CAR 18.0% 21.0% Loans/ assets 54 2% 54.2% 62 1% 62.1% NPL 3.2% 0.5% Cost to income 40.9% 15.8% NIM 4.13% 4.42% ROAE 16.8% 20.9% B ki S Banking Sector t TSKB Deposits Long Term 59% Funding 60% 60% off li liabilities biliti are deposits d it 59% off l

  7. Slide 7: Business Lines

    MAIN BUSINESS LINES Business Lines Corporate Banking Investment Banking Treasury Key Subsidiaries Corporate Loans Corporate Yatırım Finansman Finance ALM Securities Project Finance Brokerage Fixed Income TSKB REIT Apex p Banking g Asset Spot&Derivative p TSKB Real Estate Management Trading Appraisal

  8. Slide 8: Corporate Loans

    Corporate Loans • Corporate Lending and SME Loans L Between 2005‐ 2010, TSKB has • Leasing i financed half of USD 7.7 bn investments and contributed to • Trade Finance the creation of 15.000 • Non­cash Loans new jobs. 8 TSKB @ a Glance | Banking Sector | Business Lines | Financials

  9. Slide 9: Project Finance

    Project Finance • Renewable energy investments reached USD 5.8 bn of which USD 1.7 bn is underwritten by TSKB. • 95 projects j t with ith total t t l installed i t ll d capacity it off 3,192 3 192 MW in Hydro, H dro Wind, Wind Geothermal and Biomass. • 53 of these p projects j are syndicated y with

  10. Slide 10: Apex Banking

    Apex Banking • 13% of lending through APEX scheme • Placed through g 23 intermediary y financial instituions • USD 1.19 bn APEX funds; USD 900 mn to exports, exports USD 219 mn to SMEs • Reached over 1,000 companies. 5 Commercial Banks 10 Commercial Banks 12 Leasing Companies 9 Leasing Companies • A

  11. Slide 11: Long Term Funding

    Long Term Funding Outstanding Funding Base European Investment Bank (EIB) USD mn World Bank (IBRD) 3,170 3,016 2,848 2,513 Council of Europe Development Bank (CEB) 2,036 1,670 Kreditanstalt für Wiederaufbau (KfW) 640 Agence Française de Developpement (AFD) 368 413 258 283 94 2006 2007 2008 2009 2010

  12. Slide 12: Funding Base

    Funding Base Funding Long Term Funding; 92% • Total LT outstanding funds: USD mn 3,170 ; Since 2009 totaling USD mn 1,684 agreements were signed. Short Term Funding; 8% • Long term funding average maturity: 11 yrs Outstanding LT Funds • 92% of long term funds guaranteed by Turkish Treasury EIB 34% •

  13. Slide 13: Corporate Finance

    Corporate Finance M&A and Strategic Advisory Privatization Buy­Side Advisory The forefront advisor of the most strategic •The Leading investment bank in the energy sector •Leading asset privatizations •M&A buy‐side mandates of electricity and gas •Recent track record in port, motor & highway distrib

  14. Slide 14: Public Offering & Bond Origination

    Public Offering & Bond Origination Public Offering Bond Origination Ongoing 2011 Ongoing Ongoing Completed • Advisor of Turkish Privatization Administration since February 2011 A Bank Bank Şekerbank Bank Şekerbank Bank Türk Hava Yolları • Scope of work includes strategy, Bill Issuance Bill Issuance

  15. Slide 15: Asset Management & Brokerage

    Asset Management & Brokerage Conventional Investment Funds Other Mutual Funds Private Asset Management Assets Manegement TSKB Investment Trust Capital Guaranteed Funds under the Umbrella fund TSKB Investment TSKB Energy Index at ISE Trust Capital Guaranteed Umbrella Funds (TRY mn) AUM (TRY mn) Secon

  16. Slide 16: Financial Highlights

    Financial Highlights Foreign Currency Turkish Lira Assets Liabilites Assets Liabilities Repo R Liquid 15% Assets Long 27% Term Long F d Funds Term 11 years Loans 59% 5 years 60% Free Capital 11% TRY FX 16 TSKB @ a Glance | Banking Sector | Business Lines | Financials

  17. Slide 17: Composition of Assets

    Composition of Assets • Loan/ Asset ratio: 62% 38% 38% 35% 34% Liquid • 66% of assets are FX Assets denominated Loans 57% 57% 61% 62% • 67% off li id assets liquid t are TRY government bonds Others 5% 5% 4% 4% • Other assets: subsidiaries and 2009 2010­1Q 2010 2011­1Q tangible assets TRY Bn 79 7.9 8

  18. Slide 18: Loans

    Loans USD Mn, Loans by Sector 7% Logistics 8% Other 23% Energy 3 342 3,342 Distrubution 3,125 6% 2,642 2,648 Construction 4% Metal 4% Tourism 4% Energy Production 2009 2010‐1Q 2010 2011‐1Q 29% Finance 21% • 96% foreign currency denominated Loans by Type • No currency mismatch Apex Project 13% Financ

  19. Slide 19: Securities Portfolio

    Securities Portfolio TL FX($) • Duration is 10 months in Zero 381 300 291 Coupon bonds, 3.2 yrs in FRNs . 327 • 86% is in AFS portfolio. 1,943 1,952 1,985 1,983 • Floating in TRY portfolio: 64% • 81% of the portfolio: TRY 2009 2010­1Q 2010 2011­1Q securities 2010 2011­1Q Private Private Sector Secto

  20. Slide 20: Liabilities

    Liabilities USD mn 4,612 4,657 5,105 5,381 15.0% 16.9% Repo 18.6% 21.7% • Total FX borrowings: Long Term USD 3.5 bn Funds 59.1% 58.9% 61 8% 61.8% 56 1% 56.1% • Paid in Capital: Other TRY 700 mn 9.9% • Leverage ratio: 6.5X 4.6% 6 6% 6.6% 8 8% 8.8% Equity 15.1% 15.6% 16.0% 15.4% 2009 2010­1Q Q 2010 20

  21. Slide 21: Shareholder's Equity

    Shareholder’s Equity TRY mn Capital Adequacy Ratio 25% 25% 1,264 1,279 23% 1 041 1,041 1,115 21% 22% 22% 20% 18% 2009 2010­1Q 2010 2011­1Q 2009 2010­1Q 2010 2011­1Q CAR Tier 1 Equity Movement Free Capital Ratio 1,264 ­47 67 1,279 ­5 11.5% 12.2% 11.0% 11.4% 2010 Equity q y Cash Dividend MTM Gains 201

  22. Slide 22: Income Breakdown

    Income Breakdown (TRY mn) 2010­1Q 2011­1Q Change Adj. Net Interest Income Bankingg 71.9 85.0 5 18% Net Commisions Income 2.2 4.0 85% Dividend Income 67 6.7 10 4 10.4 56% Other Operating Income 3.0 2.6 ‐14% 22% g Income Net Banking 83 8 83.8 102 0 102.0 22% Personnel Expenses 8.3 10.0 20% Adm. Expens

  23. Slide 23: Quarterly Income Breakdown

    Quarterly Income Breakdown Change (TRY mn) 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 QoQ Adj. Net Interest I Income 67 72 76 70 71 85 20% Net Commisions 3 2 4 2 6 4 ‐33% Dividend Income 0 7 16 0 0 10 NA N.A. Other Operating Income 4 3 5 4 5 3 ‐40% Net Banking g Income 74 84 101 76 82 102 24% Personnel Expenses

  24. Slide 24: Income Breakdown

    Income Breakdown Net Profit Income Breakdown %20 86% 86% 84% 83% 67 Net Interest Income 56 3% 3% 4% 4% Commissions 6% 8% 7% 10% Dividend 5% 3% 5% 3% Other 2010‐1Q 2011‐1Q 2009 2010‐1Q 2010 2011‐1Q Net Interest Income Breakdown Commission Income Breakdown Liquid Brokerage 16% 40% Assets 27% 29% 27% 5

  25. Slide 25: Key Performance Indicators

    Key Performance Indicators ROAE ROAA 20.7% 20.9% 3.2% 3.3% Cost to Income 19.5% 18.4% 2.9% 17.9% 18.1% 2.7% 15.6% 15.8% 2009 2010­1Q 2010 2011­1Q 2009 2010­1Q Q 2010 2011­1Q Q 2009 2010­1Q 2010 2011­1Q Spread NIM 3.2% 3.0% 2.6% 4.42% 2.3% 4.34% 4.12% 4.07% 2009 2010­1Q 2010 2011­1Q 2008 2009 2010 20

  26. Slide 26: Contact Us

    Contact Us Financial Institutions & Investor Relations Meclisi Mebusan Caddesi No: 81 Fındıklı 34427 Istanbul – Turkey Email: fi_ir@tskb.com.tr Tel: +90 (212) 334 5124‐5194‐5129 Fax: +90 (212) 334 5234 Internet: www.tskb.com 26

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