Turkiye Sinai Kalkinma Bankasi A.s. · BIST:TSKB
Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — Q1 2025 Earnings Presentation
20 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, 2025
Slide 1: Earnings Presentation 1Q-25 Bank-only Results
The Industrial Development Bank of Tiirkiye Earnings Presentation 1Q-25 Bank-only Results V 2 ) INDUSTRY REGIONAL — — ‘please hote that any kind of récording including but not limited to screenshots, video recording, recording via NOE See external devices etc of this presentation it strictly forbidd
Slide 2: 1Q25 Summary: TSKB continued to show a differentiating performance
1Q25 Summary: TSKB continued to show a differentiating performance r S Eye-catching FX-adjusted Loan Growth of 5.4% yy, (— > No NPL inflow & significant improvement in the NPL ratio to 1.7%, further supportive coverage ratios (Stage 2+3 ratio 8.1%) (— > New Partnerships to support strong liquidity a
Slide 3: Financial Guidance (Bank Only)
Financial Guidance 1Q-25 Figures YE25 Guidance Revisions (Bank Only) % % Growth FX Adjusted Loan Growth 5.4 Low Teens On track Profitability Net Interest Margin 5.7 ~5 On track Fees & Commissions Growth -45 ~ CPI On track Return On Equity* 33.0 ~30 On track Efficiency OPEX Growth 37 > CPI On track S
Slide 4: Remarkable Earnings Performance with continuous growth in NII excl. CPI Linker Income
Remarkable Earnings Performance with continuous growth in NIl excl. CPI Linker Income Net Interest Income 2,541 Nil exc. CPI Linker Income 1,804 Trading Income 459 Net Commissions 130 Other Income (Inc. Dividend) 60 Banking Income 3,190 OPEX (-) 505 Net Banking Income 2,686 Provisions (-) 381 Income
Slide 5: DFI Funding and funding maturity breakdown
✓ -385 -269 -175 -380 -221 -650 -54 -316 -2,551 1 to 12 months 1 to 3 years 3 to 5 years >5 years DFI Funding Eurobond & PP Money Market Funding Subordinated Debt Syndication & P/N etc.
Slide 6: Resilient Composition of Our Healthy Growing Assets
Resilient Composition of Our Healthy Growing Assets Asset Composition - TL bn Total Loans-TL bn Currency Breakdown 190.2 166.4 Tay > 7% 144.4 : 4.7$ 93% 10-24 40-24 10-25 10-24 40-24 10-25 mLoans — mSecurities © =Cash&MM —s mNonIEAs & Other =FXLoans($) = TL Loans 10-25 Loans by Currency Remaining Av
Slide 7: Loan sector breakdown
Electricity Generation 30.3% Finance 8.6% Metal & Machinery 8.5% Logistics 6.9% Electricity/Gas Distr. 6.6% Tourism 6.2% • Construction Materials 5.6% Chemistry & Plastics 5.2% Health 5.1% • Textile 3.6% • Food & Beverage 2.7% Paper and Forestry Products 2.2% Other** 8.5%
Slide 8: ✓ ✓ ✓ ✓ ✓ 174,733 12,249 4,118 3,244 2,930 • • • •
✓ ✓ ✓ ✓ ✓ 174,733 857 12,249 4,118 3,244 2,930 • • • • • • •
Slide 9: Proactive and strategic Asset Liability Management resulting in better than expected yields
Proactive and strategic Asset Liability Management resulting in better than expected yields Total Securities Portfolio Breakdown Securities / Assets: TL47.4bn 18% TL 41.5 bn TL33.9bn 44% in FX 56% in TL 26.7 10-24 40-24 10-25 mTL(bn) = FX($ bn) A) 2025 Oct-Oct. CPI assumption was revised to 30.8 fro
Slide 10: NIM stayed solid despite declining CPI-linker yields
NIM stayed solid despite declining CPl-linker yields Net Interest Income inc. Swap Cost (TL mio) Annualized NIM 2,541 3,469 3,151 6.3% = CPI Income DD he 9 = Nil excl. CPI 1.8% 2.0% 1.2% m Swap Cost = CPI Impact Core NIM 3.9% 4.3% 4.5% (1,223) 10-24 2024YE 10-25 10-24 4Q-24 1Q-25 IEA Evolution can b
Slide 11: CAR Evolution
CAR Evolution 0.06 2.20 0.15 0.53 0.27 0.12 1.10 21.8 20.3 4Q-24 Δ Market Risk Δ Credit Risk Δ MtM Δ Operational Risk Subordinated Δ Tier II Net Profit 1Q-25 Debt
Slide 12: Climate Change and Sustainability Highlights
Climate Change and Sustainability Highlights First in Turkiye: Fully Aligned integrated Annual Report with TSRS $1 &S2 Globally First: Audited Report in line with IFRS $1 & S2 Stakeholder Engagement * — Financial Materiality & Impact Materiality * Risks, Opportunities and Impact Analysis * Stakehold
Slide 13: 2S BS Q gf x
2S BS Q gf x
Slide 14: Balance Sheet
14 Balance Sheet Cash and Banks Securities Loans (Gross) Provisions Subsidiaries Other Total ST Funds LT Funds Securities Issued Repo & MM Other Subordinated Debt Shareholders’ Equity 10,236 16,208 11,051 -4,178 6,906 3,498 43,721 11,604 47,397 190,227 -7,962 10,988 7,559 259,813 13,516 128,779 39,9
Slide 15: Detailed Income Statement
Detailed Income Statement TLmn 1Q-24 4Q-24 1Q25 QoQ YoY Net Interest Income inc. Swap Cost 2,541 3,469 3,151 -9% 24% Net Interest Income exc. CPI 2,927 2,636 2,857 8% -2% CPI Linkers 837 1,365 735 46% -12% Swap Costs -1,223 -533 -440 -17% -64% Net Fees & Commissions 130 101 71 -30% 45% Other Income
Slide 16: Appendix: ESG Ratings
16 Appendix: ESG Ratings UD) sustanarvics Wepp Sustainalytics ESG Risk Rating CDP Climate Change Score Range 0-40+ A/D- Score 74 A- Negligible risk category Leadership First place in Turkiye 12th place among global development banks ~~ Coie) a ) INDUSTRY ( ) REGIONAL 2 NT Caen y rea) NOT ONS Moopy'’
Slide 17: Appendix: Stage Loans Breakdown
Sa] Appendix: Stage 2 Loans Breakdown Stage 2 Loans Sector % Tourism 47 Electricity/Gas Distribution 17 Electricity Generation 13 Non-residential Real Estate 9 Metal and Machinery 6 Telecom/Logistics 4 Automotive Supply Industry 3 Health 1 TOTAL 100 Coverage (%) 32 50 + Hard collateral & provisions
Slide 18: Appendix: IEA Evolution
18 Appendix: IEA Evolution Interest Earning Assets 239 208 ; 10-24 40-24 10-25 mLiquid Assets mSecurities = Loans v Interest Earning Assets were up by 15% QoQ and 31% YoY, which was driven by * High FX denomination * Growth strategy
Slide 19: Provisions (TL mn)
Provisions (TL mn) 1Q25 Stage 1* -70 Stage 2** 235 Stage 3 0 Reversals*** (TL mn) -286 Net CoR 21 bps Currency Impact 94 bps Net CoR excl. Currency Impact -73 bps
Slide 20: Disclaimer
DISCLAIMER This presentation document is prepared for informational purposes only and contains certain forward-looking comments, opinions, and forecasts. These reflect the views of Ttirkiye Sinai Kalkinma Bankasi A.S. ("TSKB") as of the date of this presentation and contain certain assumptions. Alth
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