Turkiye Is Bankasi Anonim Sirketi · BIST:ISBTR
Turkiye Is Bankasi Anonim Sirketi — Türkiye İş Bankası A.Ş. — Q1 2013 Earnings Presentation
21 slides from Turkiye Is Bankasi Anonim Sirketi's earnings presentation, Mar 31, 2013
Slide 1: Isbank Earnings Presentation 2013 Q1
ISBANK EARNINGS PRESENTATION 2013 Q1
Slide 2: Recent macro developments
Recent macro developments .«Soft landing» in the economy Improvement in current account deficit GDP growth (quarterly, yoy) Current account deficit and energy imports $ billion 90 (12 months cumulative) 16 CAD 8 59.8 Energy imports 60 0 1.4 (8) 30 48.4 (16) (24) 0 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10
Slide 3: Period's Highlights
Period’s Highlights Loans & Asset Quality • Loan growth driven by corporate and commercial loans, housing loans and credit cards • Shift from securities portfolio to lending continued in Q1, share of loans in total assets reached 61.0%. • Slight increase in the NPL ratio, however, gross cost of risk
Slide 4: Market Shares
Market Shares Largest Private Bank… Market Shares (%) (1) Rank (2) 2012 2013 Q1 2012 2013 Q1 Total Assets 13.5 13.4 1st 1st Total Loans 14.2 14.0 1st 1st TL Loans 13.1 12.8 1st 1st FX Loans 17.2 17.3 1st 1st Consumer Loans(3) 12.0 11.6 1st 2nd Total Deposits 13.7 13.4 1st 1st TL Deposits 12.9 12.0 1
Slide 5: Asset Structure
Asset Structure Assets (TL mn.) 2012 Q1 2012 2013 Q1 ∆ YtD ∆ YoY Cash & Banks 16,028 17,391 20,261 16.5% 26.4% Securities (Net) 41,745 38,055 36,986 -2.8% -11.4% Loans 93,038 106,716 110,494 3.5% 18.8% Participations (Net) 7,203 7,700 8,218 6.7% 14.1% Fixed Assets (Net) 1,941 1,999 2,054 2.8% 5.8% O
Slide 6: Loan Portfolio
Loan Portfolio Loans 18.8% 3.5% 21.8% 3.1% 106.7 110.5 13.1% 93.0 98.2 98.2 11.4% 73.6 66.3 65.2 71.4 4.5% 60.4 3.1% 32.6 32.0 33.0 35.3 36.9 18.3 17.8 18.4 19.8 20.4 (1) TL Loans FX Loans FX Loans (USD bn.) Total Loans 2012 Q1 2012 Q2 2012 Q3 2012 2013 Q1 Loans/Deposits • Market leader in TL, FX &
Slide 7: Loan Portfolio
Loan Portfolio Loans (TL mn.) 2012 Q1 2012 2013 Q1 ∆ YtD ∆ YoY Total Loans 93,038 106,716 110,494 3.5% 18.8% TL Loans 60,434 71,415 73,614 3.1% 21.8% Retail Loans 26,090 30,491 31,448 3.1% 20.5% Housing Loans 8,180 9,539 10,147 6.4% 24.1% Auto Loans 1,169 1,317 1,287 -2.2% 10.2% GPLs (1) 9,956 11,52
Slide 8: Loan Composition
Loan Composition Currency Mix Loan Composition - Total Loans 35.0% 33.1% 33.4% 20.7% 21.0% 20.8% 7.3% 7.6% 7.6% 22.9% 28.1% 27.7% 65.0% 66.9% 66.6% 49.0% 43.3% 43.8% 2012 Q1 2012 2013 Q1 2012 Q1 2012 2013 Q1 (1) (2) (3) TL FX Commercial & Corporate SME Credit Cards Consumer Loan Composition - TL Loa
Slide 9: Asset Quality
Asset Quality NPL Ratio -16 bps • Quarterly decline in gross additions to NPLs + 10 bps • Gross CoR(1) is 83 bps. 2.1% 2.1% 2.0% 1.9% 1.9% • Coverage ratio is 78.0% . • 22.8% collection rate(2) in Q1 2013 12 Q1 12 Q2 12 Q3 2012 13 Q1 NPL Trends(3) NPL Sales (TL thousand) 0.7% 0.7% Period Amount Reve
Slide 10: Securities Portfolio
Securities Portfolio Securities (TL mn.) 2012 Q1 2012 2013 Q1 ∆ YtD ∆YoY Total Securities 41,745 38,055 36,986 -2.8% -11.4% TL Securities 33,667 31,703 31,188 -1.6% -7.4% FX Securities 8,078 6,351 5,799 -8.7% -28.2% FX Securities (USD mn.) 4,538 3,558 3,207 -9.9% -29.3% Composition of Securities Por
Slide 11: Liabilities Structure
Liabilities Structure Liabilities (TL mn.) 2012 Q1 2012 2013 Q1 ∆ YtD ∆ YoY Deposits 94,284 105,383 105,889 0.5% 12.3% REPOs & Money Market 23,177 13,519 16,973 25.5% -26.8% Funds Borrowed 10,200 10,748 11,730 9.1% 15.0% Securities Issued 4,082 6,364 6,510 2.3% 59.5% (1) (1) Other 11,804 16,711 16,4
Slide 12: Deposits
Deposits Deposits (TL mn.) 2012 Q1 2012 2013 Q1 ∆ YtD ∆ YoY Total Deposits 94,284 105,383 105,889 0.5% 12.3% TL Deposits 54,067 64,990 62,342 -4.1% 15.3% TL Saving Deposits 38,358 41,453 41,443 0.0% 8.0% TL Commercial Deposits 9,318 14,200 12,445 -12.4% 33.6% Other TL Deposits 6,391 9,337 8,453 -9.5
Slide 13: Sufficient Capitalization
Sufficient Capitalization Capital Adequacy Ratio Basel II • Capital adequacy ratio is well above the regulatory limit, even after the impact of 20.1% cash 16.3% 16.2% dividend payout. 14.2% 14.2% 13.9% 13.0% 12.9% 12.6% 12.5% 12.4% • Comfortable level of capital for further growth 12 Q1 12 Q2 12 Q3
Slide 14: Income Statement Highlights
Income Statement Highlights (TL mn.) 2012 Q1 2012 Q4 2013 Q1 ∆ QoQ ∆ YoY Interest Income 3,291 3,318 3,231 -2.6% -1.8% • Significant YoY growth in Interest Expense 1,979 1,646 1,509 -8.3% -23.8% NII and net fees & commissions income Net Interest Income 1,312 1,672 1,722 3.0% 31.3% Net Fees & Commiss
Slide 15: Commissions Income Performance
Commissions Income Performance (TL thousand) 2012 Q1 2012 Q4 2013 Q1 ∆ QoQ ∆ YoY Non-Cash Loans 41,119 49,413 47,445 -4.0% 15.4% • All items except lending related Credit Appraisal 57,619 70,660 56,190 -20.5% -2.5% fees contributed to fee income Mutual Fund Man. & Other Inv. Acc. Fees 33,838 35,609
Slide 16: Margins
Margins NIM (Cumulative)(1) • NIM continued to improve in 2013 (+12 bps QoQ). 5.32% 4.30% 4.42% 4.53% 4.69% 4.74% • Further decline in the cost of funding 4.02% 4.11% 4.24% 3.90% 12 Q1 12 Q2 12 Q3 2012 13 Q1 NIM NIM exc. reserves at Central Bank Adjusted NIM (Cumulative)(1)(2) 5.95% 5.30% 5.25% 5.54
Slide 17: Profitability and Efficiency Ratios
Profitability and Efficiency Ratios (*) ROAE ROAA 22.7% 23.4% 20.2% 16.5% 17.1% 2.1% 15.0% 2.0% 1.9% 1.8% 1.8% 1.5% 2012 Q1 2012 2013 Q1 2012 Q1 2012 2013 Q1 (1) (1) ROAE ROAE ROAA ROAA Cost / Income Cost vs. Assets 2.9% 3.0% 45.7% 45.2% 2.8% 42.7% 43.3% 41.2% 2.7% 40.5% 2.5% 2.3% 2012 Q1 2012 2013
Slide 18: Q&A
Q&A iSBANK ®
Slide 19: Appendix – Quarterly Income Statement Highlights
Appendix – Quarterly Income Statement Highlights (TL mn.) 2012 Q1 2012 Q2 2012 Q3 2012 Q4 2013 Q1 ∆ QoQ Interest Income 3,291 3,378 3,404 3,318 3,231 -2.6% Interest Expense 1,979 1,949 1,888 1,646 1,509 -8.3% Net Interest Income 1,312 1,429 1,515 1,672 1,722 3.0% Net Fees & Commissions 370 429 406 5
Slide 20: Disclaimer
Disclaimer The information in this document has been obtained by Türkiye İş Bankası A.Ş. (“Isbank”) from sources believed to be reliable, however, Isbank cannot guarantee the accuracy, completeness, or correctness of such information. This document has been issued for information purposes only. The
Slide 21: Contact Information
Contact Information: Türkiye İş Bankası A.Ş. Head Office Investor Relations Division Phone: + 90 212 316 16 02 Fax: + 90 212 316 08 40 E-mail: investorrelations@isbank.com.tr 21
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