Turkiye Sinai Kalkinma Bankasi A.s. · BIST:TSKB
Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — FY2006 Earnings Presentation
29 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, February 2007
Slide 1: 2006 BRSA Results Investor Presentation
Created with a trial version of Syncfusion Essential PDF 2006 BRSA RESULTS INVESTOR PRESENTATION
Slide 2: Slide 2
Slide 3: TSKB, Banking Sector vs TSKB, Appendices
TSKB BANKING SECTOR vs TSKB APPENDICES 3
Slide 4: TSKB at a Glance
TSKB at a Glance... Ownership Structure* Main Subsidiaries 8.4% Yatõrõm Finansman Securities İş Leasing 50.1% 41.5% TSKB Real Estate Appraisal Free Float** TSKB Real Estate Investment Trust * 50% of stocks are quoted at ISE. ** 27% foreign participation (54% of the free float stocks) Financial Summa
Slide 5: Mission
Mission Coupling reliable, objective, customer MISSION oriented development banking with dynamic investment banking activities !To promote the growth of private sector !To encourage and assist local and foreign capital to participate in Turkish companies !To contribute to the growth of capital marke
Slide 6: History
History Established with the support of Issued Samurai Merged with CBT and IBRD to Bonds with Turkish Sõnai Yatõrõm promote the Treasury guarantee Bankasõ (SYB) private sector in Turkey 1950 1960’s 1980’s 1990’s 2000’s Corporate bonds Start of issued and Promoted private Market leader in APEX underw
Slide 7: Core Business Lines
Core Business Lines Corporate & Investment Treasury Asset Development Banking Management & Banking Brokerage "Medium & Long- "IPOs; SPOs "Fixed Income "Asset term Financing to Management "M&As "Treasury Private Sector Marketing Unit "TSKB Mutual (more than 4000 "Financial and (TMU) Funds have compan
Slide 8: Main Participations
Main Participations TSKB Capital Market Price* Entity Sector Ownership (mn TRY) (mn TRY) Yatõrõm Finansman Securities Financial 88.76% 11.7 Not listed TSKB Real Estate Investment Trust Financial 96.00% 10.0 Not listed İş Leasing Financial 28.56% 100.0 300.0 TSKB Investment Company Trust Financial 29
Slide 9: Medium & Long Term Funds by Multilateral Agencies
Medium&Long Term Funds by Multilateral Agencies European Investment Bank (EIB) World Bank (IBRD) Japan Bank for International Cooperation (JBIC) Kreditanstalt für Wiederaufbau (KfW) Council of Europe Development Bank (CEB) International Finance Corporation (IFC) Agence Française de Développement (AF
Slide 10: Funding Base (mn)
Funding Base (mn) Amount Tenor Maturity 10
Slide 11: Funding Base (mn)
Funding Base (mn) Amount Tenor Maturity 11
Slide 12: Funding Base
Funding Base By Sources Currency Risk Structure (USD mn) (mn USD) USD EUR JPY Total EIB 7.2% Total Assets 1,017 992 70 2,079 1.8% CEB 1.8% Total Liabilities 1,051 1,007 80 2,140 35.5% 5.6% AFD Net On-Balance -34 -16 -11 -60 JBIC Sheet Position IBRD Net Off-Balance 42 11 14 68 Sheet Position KFW Net
Slide 13: Sustainable Growth Over the Years
Sustainable Growth Over the Years Total Assets (USD mn) Funds Borrowed (USD mn) 2,422 2,881 78% of the 2,466 2,010 Long Term Funds 1,707 1,386 borrowed are guaranteed by the Turkish Treasury. 2004 2005 2006 2004 2005 2006 Total Loans (USD mn) Shareholders’ Equity (USD mn) 2,000 1,757 Loans/Assets 41
Slide 14: Balance Sheet Composition
Balance Sheet Composition Assets Liabilities and Equity 6% 2% 3% 2% 8% 10% 15% 17% 17% 61% 53% 61% 84% 81% 80% 37% 33% 31% 2004 2005 2006 2004 2005 2006 Liquid Assets Loans Others Borrowings Equity Others 14
Slide 15: Loan Book
Loan Book NPL Ratio vs. Coverage Ratio Well Diversified Loan Portfolio 6% 120% 15% 100% 5% 4.0% 100% NPL’s are FINANCE ENERGY low and 8% TOURISM 4% 80% 31% fully TEXTILE 2.4% 3% 60% provisioned AUTOMOTIVE & LOGISTICS 8% OTHER MINING 2% 1.3% 40% OTHER OTHER PRODUCTION METALS 1% 20% 7% FOOD 0% CHEMIST
Slide 16: Securities Portfolio
Securities Portfolio Securities Portfolio (USD mn) Average Maturity (Years) TRY FC 2.65 2006 559 599 71% 4.25 70% 266 55% 2.04 2005 2.99 214 243 242 1.08 TL Securities 2004 2004 2005 2006 2.22 FX Securities Breakdown of Securities Portfolio FX FX Floating TL Floating Total Securities 16% Zero 15% TL
Slide 17: Sufficient Capitalisation
Sufficient Capitalisation Capital Base (USD mn) Capital Adequacy Ratio ! Tier I Capital ! Tier II Capital 43% ! Deductions 37% 325 33% 391 255 90 142 56 -1 -75 -124 2004 2005 2006 2004 2005 2006 Free Capital Risk Weighted Assets 11.02% Market Risk Credit Risk 10.44% 9.80% 87% 80% 97% 13% 20% 3% 2004
Slide 18: Income Statement
Income Statement Net Profit (USD mn) Income Composition 8% 10% 75.4 9% 72.6 18% 82% 72% 2005 2006 2005 2006 Adj. NII Other Income Net Commissions Interest Income (USD mn) Breakdown of Interest Income 216 182 Share of IEA in 36% TA is 90% 52% Loans 64% Liquid 48% Assets 2005 2006 2005 2006 18
Slide 19: Financial Summary
Financial Summary Income Statement Loan Spread (000 USD) 2005 2006 Change Adj. Net Interest Income 99,397 92,909 -7% 2.4 2.3 2.3 Net Commissions 8,762 12,686 45% Released Provisions 14,133 12,409 -12% Other Operating Income 2,787 10,330 271% 2004 2005 2006 Net Banking Income 125,079 128,334 3% Perso
Slide 20: Financial Highlights
Financial Highlights Ratios Financials 2004 2005 2006 (USD mn) 2004 2005 2006 CAR 42.8 % 36.8 % 32.9 % Assets 1,707 2,466 2,881 Free Capital 11.0 % 10.4 % 9.8 % Liquid 481 950 946 Assets Cost to 28.0 % 27.6 % 25.7 % Loans 1,038 1,329 1,757 income NIM 5.7 % 5.3 % 4.1% Partic. 76 126 106 ROAE 13.3 % 2
Slide 21: Banking Sector vs TSKB
TSKB BANKING SECTOR vs TSKB APPENDICES 21
Slide 22: Banking Sector vs TSKB as of 3Q06
Banking Sector vs TSKB as of 3Q06 LOANS / ASSETS NPL IEA / T.ASSETS 92% 90% 58% 3.8% 44% 1.7% Sector TSKB Sector TSKB Sector TSKB TOTAL EXPENSES / ROAA ROAE AVG. ASSETS 2.6% 2.7% 20.5% 3.9% 18.1% 1.1% Sector TSKB Sector TSKB Sector TSKB 22
Slide 23: Appendices
TSKB BANKING SECTOR vs TSKB APPENDICES 23
Slide 24: Ratings
Ratings TSKB’s Fitch Ratings (November 2006) TSKB’s Moody’s Ratings (December 2005) Foreign and Local Currency Financial Strenght Rating D+ Outlook (FSR) Stable Long Term Foreign Currency BB- Long Term Foreign Currency B1 Long Term Local Currency BB Foreign Currency Outlook Positive Short Term B Out
Slide 25: Participations as of 2006
Participations as of 2006 Entity Sector Ownership Capital (TRY) Yatõrõm Finansman Menkul Değerler A.Ş. (Yatõrõm Finansman Securities) Financial 88.78% 11,675,000 TSKB Gayrimenkul Yatõrõm Ortaklõğõ A.Ş. (TSKB Real Estate Investment Trust) Financial 96.00% 10,000,000 Entity Sector Ownership Capital (T
Slide 26: Awards
Awards # “Best Real Estate Advisor” in Turkey – 2005 # “Best M&A House” in Turkey by Euromoney – 2005 # “Best Local Partner” by Euromoney Awards for Excellence – 2004 # “Best Securities Firm” by Euromoney – 1997, 1998 and 1999 # “Best Credit Rating among Banks in Emerging Markets” – 1998 and 1999 by
Slide 27: Organization Chart 2006
Organization Chart 2006 IN FO R M ATIO N TEC H N O LO G Y & HU M AN APPL IC AT IO N SYST E M H U M AN R ESO U R C ES SYS T EM & NE T W O R K R ESO U R CE S D EVE LO PM E NT D EVE LO PM E NT SU PPO RT G Ö KH AN E XEC U TIV E VICE Ç AN AKPIN AR YET KİN KESLER O LCAY T AT LIO Ğ LU ERK AN M İSK ET P R E
Slide 28: Contacts
Contacts Meclisi Mebusan Caddesi No 161, 34427 Fõndõklõ Istanbul/TURKEY INVESTOR RELATIONS Tel: +90 212 334 5276 Fax: +90 212 243 2975 E-mail: ir@tskb.com.tr www.tskb.com 28
Slide 29: Disclaimer
Disclaimer The information in this document has been obtained by Türkiye Sõnai Kalkõnma Bankasõ A.S. (“TSKB”) from sources believed to be reliable, however, TSKB cannot guarantee the accuracy, completeness, or correctness of such information. This document has been issued for information purposes on
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