Icbc Turkey Bank Anonim Sirketi · BIST:ICBCT
Icbc Turkey Bank Anonim Sirketi — ICBC Turkey Bank — FY2008 Earnings Presentation
18 slides from Icbc Turkey Bank Anonim Sirketi's earnings presentation, Dec 31, 2008
Slide 1: Earnings Presentation December 31, 2008 / BRSA Bank-Only
Earnings Presentation December 31, 2008 / BRSA Bank-Only 1
Slide 2: Cautious and conservative approach to align to highly volatile environment
Cautious and conservative approach to align to highly volatile environment #1 priority: To ensure financial flexibility through this economic downturn Focus shift in this new complex environment... Focal points in 2009: Maintaining liquidity Preserving capital Close cost monitoring and executi
Slide 3: Focus shift to liquidity rather than growth in this difficult environment
Focus shift to liquidity rather than growth in this difficult environment... Composition of Assets Total Assets (TRY mn) CAGR 04-07: 35% YoY: 2% 3,219 2,902 2,953 6.2% 7.8% 8.1% 12.2% 10.9% 10.2% 25.2% 11.3% 13.3% : 2007 30.09.2008 2008 IEA % : : .8 IEA % IEA % 93 .2 .9 92 91 71.4% 70.0% Currency Co
Slide 4: Shrinkage in the loanbook due to worsening market conditions
Shrinkage in the loanbook due to worsening market conditions... Total Cash Loans (TRY mn) TL Cash Loans (TRY mn) YoY: -24% YoY: -30% 2,253 1,393 2,071 1,256 1,576 882 Loans / Deposits 139% 137% 111% 2007 30.09.2008 2008 2007 30.09.2008 2008 Currency Breakdown of FX Cash Loans (US$ Cash Loans mn) YoY
Slide 5: ...translating into a release in high-cost deposits
...translating into a release in high-cost deposits Composition of Liabilities Total Deposits* (TRY mn) TL Deposits* (TRY mn) & SHE YoY: -5% YoY: 29% 903 871 1,646 1,486 1,418 676 4% 4% 3% 13% 15% 14% 32% 34% 31% 2007 30.09.2008 2008 2007 30.09.2008 2008 FX Deposits* (US$ mn) Currency Breakdown* 51%
Slide 6: Capital adequacy ratio reaching 18%
Capital adequacy ratio reaching 18%... Capital Adequacy Ratio (CAR) Free Equity (TRY mn) Free Equity / Equity 65.5% 65.9% 65.8% 17.9% 295.8 295.5 249.0 13.2% 13.2% 2007 30.09.2008 2008 2007 30.09.2008 2008 Free Equity: SHE-subsidiaries-property & equipment-intangible assets- property & equipment hel
Slide 7: Increase in NPL ratio mainly due to the shrinkage in the loanbook
Increase in NPL ratio mainly due to the shrinkage in the loanbook... yet still below market average... NPL Ratio NPL Ratio (including non-cash loans) Tekstilbank Market Average Tekstilbank Market Average 3.5% 3.5% 3.0% 2.6% 2.3% 2.7% 3.3% 2.7% 2.0% 1.4% 0.8% 1.8% 2007 30.09.2008 2008 2007 30.09.2008
Slide 8: Retail banking
Retail banking... Breakdown of Loan Portfolio Breakdown of Retail Loans (TRY mn) YoY: 36% 1% 2% 3% 250 243 7% 9% 13% 178 39 43 92% 30 89 77 89% 69 27 23 84% 100 26 95 53 2007 30.09.2008 2008 2007 30.09.2008 2008 Credit Cards Credit Cards General Purpose & Other Consumer Loans Retail Loans Auto Loans
Slide 9: Clean balance sheet
Clean balance sheet... Related party exposure has been historically below market average... Group Total Risk / Total Risk Tekstilbank Market Average* 2.7% 2.5% 2.3% 0.6% 0.5% 1.0% 2007 30.09.2008 2008 Cash + Non-cash risk Group Cash Loans / Cash Loans Group Non-Cash Loans / Non-Cash Loans Tekstilban
Slide 10: Decline in non-cash loans due to difficult environment
Decline in non-cash loans due to difficult environment... Total Non-Cash Loans (TRY mn) TL Non-Cash Loans (TRY mn) Non-Cash / Cash Loans 1,369 1,256 629 567 1,003 452 2007 30.09.2008 2008 2007 30.09.2008 2008 66% 64% 56% Currency Breakdown of FX Non-Cash Loans (US$ mn) Non-Cash Loans TL FX 635 559 5
Slide 11: Interest Income & Expense
Interest Income & Expense... Interest Income (TRY mn) Composition of Interest Income 423 372 6% 4% 13% Other 18 14% 14% 20 Securities 7% 7% 60 52 29 FX Loans 28 s: an 75% Lo 2% 316 TL Loans 8 73% an s: 272 Lo 0% 8 2007 2008 2007 2008 Interest Expense (TRY mn) Composition of Interest Expense 291 243
Slide 12: Banking Income
Banking Income... Banking Income (TRY mn) Adjusted Net Interest Margin* 183.6 172.1 7% 14.4 8.6 27.1 25.7 5.3% 5.1% 143.5 136.4 2007 2008 2007 2008 Adj.NII (by FX and trading gain / loss) Net Fees Other * Adjusted by FX gain / loss and trading gain / loss 12
Slide 13: Strict cost management since the crisis to cope with the challenging environment
Strict cost management since the crisis to cope with the challenging environment... Operating Expenses (TRY mn) Composition of Operating Expenses 127.2 110.6 15% 21% 28.0 22% 23.0 10.0 8% 1% 8.3 1.3 8% 5.5 10% 11.0 Increase was mainly due to 4% 5.1 the reflection of additional 5% 1% costs of new hir
Slide 14: Pressure on profitability due to unfavorable market conditions, in line with the sector
Pressure on profitability due to unfavorable market conditions, in line with the sector... TEKSTILBANK 2007 2008/09 2008 2008/09 – 2008 Change ROAE 11.9% 3.6% 3.0% -60 bps ROAA 1.5% 0.5% 0.4% -10 bps Cost / Average 3.9% 4.1% 4.3% 20 bps Assets Cost / Income 64.2% 66.4% 68.6% 220bps SECTOR 2007 2008/
Slide 15: Summary Balance Sheet
Summary Balance Sheet... TRY mn 2007 30.09.2008 2008 Cash & Banks 373 368 764 Total Securities 297 365 394 Total Cash Loans 2,071 2,253 1,576 Fixed Assets & Subsidiaries 120 125 124 Other 41 108 95 Total Assets 2,902 3,219 2,953 Deposits* 1,486 1,646 1,418 Interbank Money Market* 210 249 223 Borrowi
Slide 16: Summary Income Statement
Summary Income Statement... TRY mn 2007 2008 Q1 2008 Q2 2008 Q3 2008 Q4 2008 Interest Income 372.4 422.6 99.2 105.5 113.0 104.9 Loans 300.3 344.9 82.5 86.3 91.6 84.5 Securities 51.7 59.5 12.4 14.8 15.9 16.5 Other 20.4 18.2 4.3 4.4 5.5 3.9 Interest Expense 242.7 291.0 66.7 77.9 80.0 66.6 Deposits 131
Slide 17: Disclaimer Statement
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 18: For further information please contact
For further information please contact: Aslı Su Head of Investor Relations asli.su@tekstilbank.com.tr Phone: +90-212-335-5410 investorrelations@tekstilbank.com.tr www.tekstilbank.com.tr 18