Turkiye Sinai Kalkinma Bankasi A.s. · BIST:TSKB
Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — Q2 2013 Earnings Presentation
18 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, 2013
Slide 1: Investor Presentation 2Q2013 – BRSA Bank only Results
Created with a trial version of Syncfusion Essential PDF Investor Presentation 2Q2013 –BRSA Bank only Results
Slide 2: TSKB @ a Glance
TSKB @ a Glance Ownership Structure TL 11.3 bn asset size Free Float; 41.6% 342 employees, 2 branches Is Bank; 21st bank in terms of asset size, 50.0% 3.8% market share in LTFC corporate loans TL 2.6 bn MCAP 56% of free float belongs to foreign funds Vakıfbank; 8.4% Main Subsidiaries TSKB
Slide 3: Snapshots
Snapshots 2Q-2013 Change (TL mn) ytd (%) Securities 2,769 -5% Loan Growth Loans 7,562 10% 2.3% in USD terms 3.0% in real terms Assets 11,321 10% Funds Borrowed 7,688 10% Funds Borrowed Growth 2.9% in USD terms Equity 1,775 1% 3.4% in real terms Net Profit 177 2% 3
Slide 4: Snapshots
Snapshots 2Q13 profit TL 92 mn, 8.7% higher than the last quarter Sustainable Profitability; RoE @ 20%, slightly more than 1Q13: 19.3%. 5-years average@ 19% Stable Net NIM@ 4.4% Interest C/I ratio @ 13.9% Margin Loan volume totaling USD 4.0 bn; up by 10% yoy NPL ratio @ 0.3% Robust Asset
Slide 5: Banking Sector and TSKB
Banking Sector and TSKB CAR Loans/Assets NPL 19.4% 67% 2.9% 16.8% 60% 0.3% Banking Sector TSKB Banking Sector TSKB Banking Sector TSKB Cost to Income NIM ROE 20.0% 5.0% 14.7% 39.4% 4.4% 13.9% Banking Sector TSKB Banking Sector TSKB Banking Sector TSKB *Banking Sector Data is as of May 2013 Banking S
Slide 6: Financial Highlights
Financial Highlights Assets Liabilities Assets Liabilities TRY Repo 10% Securities 21% TRY Loans 3% FX Long Term FX Long Funds Term (13 Loans years) (5.5 65 % years) 63 % Equity 14% 2.8 years of Loan Duration, 6.6 years of Funding 2.9 years of Securities Duration Duration TRY FX 6
Slide 7: Funding Base
Funding Base Outstanding Funding Base Multilateral Funding Agreements (Annually) USD mn USD mn 1039 Long term Funds Short term funds 3,769 3,854 3,351 660 2,848 3,016 463 335 121 94 258 296 175 203 2009 2010 2011 2012 2Q-2013 2009 2010 2011 2012 2013 World Bank (IBRD) Agence Française de Developpeme
Slide 8: Liability Structure and Funding Base
Liability Structure and Funding Base Funding Structure Outstanding Long Term Funds Long Term Funding; IBRD 47% 95% EIB 30% CEB 7% KFW 6% AFD 4% IFC 3% Short Term IDB 3% Funding; EBRD 2% 5% Total LT outstanding funds : USD 3,854mn ; Liabilities 10% 13% 12% 14% In the last five years, signed agree
Slide 9: Shareholders’ Equity
Shareholders’ Equity Equity Capital Adequacy Ratio TRY mn 1,755 1,775 20.4% 20.2% 19.4% 19.1% 1,501 18.6% 18.2% 17.5% 17.7% 1,366 2011 2Q-2012 2012 2Q-2013 2011 2Q-2012 2012 2Q-2013 CAR Tier 1 Equity Movement Dividend Payout Ratio TRY mn 176 1,775 1,755 -67 -89 20% 20% 18% 17% 2012 Equity Cash MTM G
Slide 10: Loan Book
Loan Book Assets Loans (bn) 5,016 5,403 5,820 5,917 USD mn USD 3% Basket Liquid 29% 30% 30% 30% Assets 3.9 4.0 3.6 3.4 3.4 3.5 3.2 Loans 3.0 68% 67% 67% 67% Other 3% 3% 3% 3% 2011 2Q-2012 2012 2Q-2013 2011 2Q-2012 2012 2Q-20132 Loans by Type • 96% foreign currency denominated Project 52% 52% • No cu
Slide 11: Healthy Loan Growth and Robust Asset Quality
Healthy Loan Growth and Robust Asset Quality Loans by Sector Net Loan Spread Electricity Production 33% Electricity/Gas Distribution 6% 3.7% 3.6% 3.4% Finance 14% 3.0% Logistics 8% 2.6% Non-residential Real Estate 8% 2.3% Metal and Machinery 6% Chemistry and Plastics 5% Construction 5% Tourism 4% 20
Slide 12: Securities Portfolio
Securities Portfolio Securities Portfolio • Duration is 1.1 yrs in Zero Coupon bonds, TRY mn 267 201 3.6 yrs in FRNs. 273 FX($) 302 • 99% is in AFS potfolio. % 86 • 33% of TRY portfolio funded by repo 2,224 2,372 2,319 TRY 1,908 • Private sector bonds: 22% of total portfolio 2011 2Q-2012 2012 2Q-201
Slide 13: Income Breakdown
Income Breakdown (TRY mn) 2Q-2012 2Q-2013 Change Adj. Net Interest Income 215.8 225.9 5% Net Commisions 6.0 4.5 -24% Dividend Income 27.3 28.1 3% Net Interest Income Other Operating Income 14.1 5.1 -64% Net Banking Income 263.2 263.6 0.1% 5% Personnel Expenses 22.5 24.1 7% Adm. Expenses 7.7 7.8 1% O
Slide 14: Income Breakdown
Income Breakdown Commission Income Breakdown-Gross TRY mn 12.3 6.4 14.1 5.1 Brokerage 16% 12% 19% 23% 1% Income Breakdown 4% 14% 3% 7% 9% 13% Fund Mng. 18% Corporate Finance 66% 73% 71% 49% Non-cash Loans 84% 82% 86% 2011 2Q-2012 2012 2Q-2013 88% Net Interest Income Breakdown 3% 2% Loans 59% 54% 57%
Slide 15: Key Performance Indicators
Key Performance Indicators ROAE ROAA Cost to Income 24.1% 3.6% 15.6% 3.3% 14.8% 19.4% 19.7% 20.0% 2.9% 3.1% 13.5% 13.9% 2011 2Q-2012 2012 2Q-2013 2011 2Q-2012 2012 2Q-2013 2011 2Q-2012 2012 2Q-2013 NIM Quarterly NIM 4.8% 4.8% 4.7% 4.6% 4.7% 4.6% 4.3% 4.4% 4.3% 4.2% 2011 2Q-2012 2012 2Q-2013 1Q12 2Q1
Slide 16: Quarterly Income Breakdown
Quarterly Income Breakdown ChangeChange (TRY mn) 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 QoQ YoY Adj. Net Interest 105 111 99 116 115 111 -3% 0% Income Net Commisions 3 3 5 3 2 2 13% -24% Dividend Income 7 20 0 0 5 24 415% 17% Other Operating 2 12 2 1 4 1 -84% -94% Income Net Banking 117 146 107 118 126 138 9
Slide 17: Balance Sheet
Balance Sheet 30/06/2012 31/12/2012 30/06/2013 (TRY mn) TRY FX TOTAL TRY FX TOTAL TRY FX TOTAL Cash and Banks 44 163 207 28 142 170 398 232 630 Securities 2,224 491 2,715 2,372 472 2,844 2,319 381 2,700 Loans 170 6,373 6,543 211 6,684 6,895 292 7,270 7,562 Subsidiaries 278 3 281 311 3 314 345 3 348
Slide 18: Contact us
Contact us Investor Relations Meclisi Mebusan Caddesi No: 81 Fındıklı 34427 Istanbul – Türkiye E-mail: ir@tskb.com.tr Tel: +90 (212) 334 5194 Fax: +90 (212) 334 5234 Internet: www.tskb.com 18
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