Is Finansal Kiralama A.s. · BIST:ISFIN
Is Finansal Kiralama A.s — Q3 2020 Earnings Presentation
31 slides from Is Finansal Kiralama A.s's earnings presentation, Sep 30, 2020
Slide 1: Investor Presentation
Investor Presentation 1 SEPTEMBER 2020 30.09.2020
Slide 2: Contents
CONTENTS Investor Presentation 2 LEASING SECTOR IN TURKEY COMPANY OVERVIEW LEASING PORTFOLIO FINANCIAL RESULTS SEPTEMBER 2020
Slide 3: Leasing Sector in Turkey
LEASING SECTOR IN TURKEY COMPANY OVERVIEW LEASING PORTFOLIO FINANCIAL RESULTS
Slide 4: GDP and Manufacturing PMI of Turkey
Leasing Sector Investor Presentation 4 GDP QoQ (SWDA-Seasonally & Working Days Adjusted) Growth performance of Turkey is affected in 20,0 15,0 parallel with pandemic’s global impact. Increase Rate (%) 10,0 Following a decrease in the second quarter of 5,0 0,0 2020, the quarterly contraction ratio ad
Slide 5: Confidence Indices and Capacity Utilization Rate
Leasing Sector Investor Presentation 5 Confidence Indices 130,0 110,0 A similar outlook is observed in the economic Index Value 90,0 confidence index. The data announced in May and 70,0 afterwards show the signals of resolving the rapid 50,0 contraction. 30,0 Economic Confidence Index Capacity Utili
Slide 6: Current Account Balance and CBRT Gross Reserves
Leasing Sector Investor Presentation 6 Current Account Balance 20,0 10,0 0,0 The deterioration in the global trade volume has also Bln. USD -10,0 -20,0 adversely affected the export potential of Turkey. On -30,0 -40,0 the other hand, the contraction in tourism revenues -50,0 and the increase in the
Slide 7: Inflation, Policy Rates and Loan Rates
Leasing Sector Investor Presentation 7 Inflation and Policy Rates 30,0 25,0 20,0 The depreciation of the Turkish Lira against foreign 15,0 currencies is one of the main reasons for its 10,0 differentiation in a negative way from the global 5,0 0,0 disinflationary environment. Aim for the single digi
Slide 8: Advantages of Leasing
Leasing Sector Investor Presentation 8 Advantages of Leasing Opportunity Opportunity to finance of Operating investment lease at any scale Competent Flexible Benefits of VAT, Stamp Duty and Fixed or fees variable lease payment Advantageous options Lease payments in line with cash flow Foreseeable Le
Slide 9: Number of Leasing Companies and Leasing Penetration
Leasing Sector Investor Presentation 9 Number of Leasing Companies and Leasing penetration Number of Leasing Companies 29 28 26 25 24 23 23 22 2014 2015 2016 2017 2018 30.06.2019 2019 09.2020 Leasing penetration 5,8% 5,5% 4,7% 5,0% 4,8% 2,6% 3,3% 2014 2015 2016 2017 2018 2019 2020 Penetration: Leasi
Slide 10: Leasing Volume
Leasing Sector Investor Presentation 10 Leasing Volume Million USD 9,3% 7.637 30,4% 6.990 -16,7% -3,7% 1,04% 6.365 6.194 14% 28% 6.130 -22,6% 24% 18% 24% 4.795 18% -46,7% 2.558 2.255 28% 20% 2013 2014 2015 2016 2017 2018 2019 2020/09 Leasing Sale & Lease Back SEPTEMBER 2020
Slide 11: Portfolio Development: Leasing Receivables
Leasing Sector Investor Presentation 11 Portfolio Development Leasing Receivables (USD) 12.699 13.786 12.632 12.509 10.895 11.539 9.530 8.202 7.335 2012 2013 2014 2015 2016 2017 2018 2019 2020/09 Currency Distribution 90% 80% 77% 75% 75% 77% 77% 79% 70% 74% 72% 72% 60% 50% 40% 30% 28% 28% 20% 23% 26
Slide 12: Portfolio Development
Leasing Sector Investor Presentation 12 Portfolio Development 30.000 27% 25.000 26% 26% 26% 26% 20.000 25% 15.000 25% 10.000 24% 24% 24% 24% 5.000 11.711 8.554 8.010 7.871 7.335 24% 2.811 2.053 1.922 2.046 1.891 0 23% 2018 2019 03.2020 06.2020 09.2020 Lease Receivables (USD) TL TL % SEPTEMBER 2020
Slide 13: Profitability
Leasing Sector Investor Presentation 13 Profitability Net Profit of Sector (Million TL) 1.297 1.125 809 923 952 917 526 2014 2015 2016 2017 2018 2019 2020/09 Equity & Leverage 15 . 0 00 6,2 7 6,986 6,972 6,958 6,944 6,93 6,916 6,902 6,888 6,874 6,86 6,846 6,832 6,818 6,804 6,79 6,776 6,762 6,748 6,7
Slide 14: Customer Base and Non Performing Loans
Leasing Sector Investor Presentation 14 Customer Base %12,9 90.000 %14,0 80.000 %11,2 %12,2 %12,0 70.000 %10,0 %10,7 %9,0 %10,0 60.000 50.000 %8,2 %8,0 %6,0 40.000 %4,0 30.000 20.000 52.041 56.396 58.373 57.593 53.510 40.457 37.827 %2,0 10.000 %0,0 2014 2015 2016 2017 2018 2019 2020/09 Sector Total
Slide 15: Company Overview
LEASING SECTOR IN TURKEY COMPANY OVERVIEW LEASING PORTFOLIO FINANCIAL RESULTS
Slide 16: Company Milestones & Shareholders
Company Investor Presentation 16 Milestones & Shareholders 2011 1985 1995 First corporate Leasing Law İş Bank group took bond issuer in Enacted over leasing sector 1988 2000 Established by İş Listed in İstanbul Stock Bank, Soc Gen and Exchange (ISFIN)) IFC Trading Volume Price Share Structure(%) 350
Slide 17: Organization Structure & Employee Base
Company Investor Presentation 17 Organization Structure & Employee Base Gender 50,7% 49,3% MALE FEMALE 49,63% MALE Education Master's Degree 18 Bachelor's Degree 107 High School 9 Associate Degree 4 SEPTEMBER 2020
Slide 18: Company Performance
Company Investor Presentation 18 Company Performance With a new transaction Net leasing receivables volume of USD 335 million amounted to TL 6.6 billion. and a market share of 16%, İş Leasing carried its strong position in the sector one step further The Company posted a net The Company increased it
Slide 19: Branch Network
Company Investor Presentation 19 Branch Network CONFLICT Avcılar Şişli Kartal Kozyatağı Ostim Trabzon 15 Branches Bursa Ankara Kayseri 41 Sales Staff Diyarbakır İzmir Konya 138 Total Staff Gaziantep Antalya Adana SEPTEMBER 2020
Slide 20: Leasing Portfolio
LEASING SECTOR IN TURKEY COMPANY OVERVIEW LEASING PORTFOLIO FINANCIAL RESULTS
Slide 21: Consolidated Financial Indicators (30.09.2020)
Lease portfolio Investor Presentation 21 Consolidated Financial Indicators (30.09.2020) 6.638 Lease Portfolio million TL A B C D 335 million USD Transaction Volume 47 1.501 Million This is TL a sample Shareholders’ Equity million TL Net text.Profit 11.779 Total Assets million TL SEPTEMBER 2020
Slide 22: Sales Channels
Lease portfolio Investor Presentation 22 Sales Channels 30.09.2020 30.09.2019 İŞ BANK DIRECT MARKETING VENDORS İŞ BANK DIRECT MARKETING VENDORS 10% 11% 58% 62% 32% İşbank: 1342 local and 22 27% foreign branches, largest network among private banks. SEPTEMBER 2020
Slide 23: Industrial, Asset & Geographical Breakdown
Lease portfolio Investor Presentation 23 Industrial & Asset & Geographical Breakdown, % Sectoral Breakdown 2019 09.2020 19 19 17 16 14 15 13 12 12 11 Geographical Distribution 7 7 8 6 Diger 4 4 4 3 20,98% 2 2 3 2 ANTALYA 2,26% TEXTILE CONSTRUCT METAL IND. TRANSPORT MINING ENERGY CHEMICALS HEALTHCARE
Slide 24: Funding Structure
Borrowing Investor Presentation 24 Funding Structure Efficient hedging Strong strategy against relationsips with Efficient use of maturity, interest both domestic capital market rate and FX risk and international instruments by diversifying banks liabilities. Allocation of Usage of special loan alte
Slide 25: Financial Results
LEASING SECTOR IN TURKEY COMPANY OVERVIEW LEASING PORTFOLIO FINANCIAL RESULTS
Slide 26: Financial Highlights
Financial Perfomance Investor Presentation 26 Financial Highlights TL Million, consolidated 2017 2018 2019 30.09.2019 30.09.2020 Δ Leasing Receivables, Net 4.701 5.435 5.107 4.891 6.666 36,3% Factoring Receivables, Net 4.207 2.725 3.179 2.415 4.072 68,6% Non Performing Receivables 266 297 580 583 55
Slide 27: Solo Key Figures
Financial Perfomance Investor Presentation 27 Solo Key Figures 09/2020- 09/2020- (Million TL) 2018 09.2019 2019 09.2020 09/2019 Δ 2018 09.2019 2019 09.2020 09/2019 Δ Financial Highlights İş Sector Leasing Receivables 5.331 4.747 5.008 6.638 40% 60.707 48.099 48.721 57.274 19% Total Assets 5.965 5.54
Slide 28: Leverage and NPL
Financial Perfomance Investor Presentation 28 Leverage 5,6 5,4 5,0 5,0 4,7 4,0 4,3 2014 2015 2016 2017 2018 2019 2020/09 NPL 9, 0 8,3 8, 0 7,0 6,7 7,2 7,2 7, 0 6,0 6,3 6, 0 5,5 6,6 5, 0 4, 0 4,8 4,6 4,3 4,7 4,6 4,8 4,7 3, 0 2, 0 1, 0 - 2013 2014 2015 2016 2017 2018 2019 2020/09 İş Leasing Sektör SEP
Slide 29: NPL
Financial Perfomance Investor Presentation 29 NPL Sector NPL % İş Leasing NPL% 8,5% 8,3% 8,0% 8,2% 7,5% 7,2% 7,2% 7,0% 6,7% 7,6% 6,3% 6,0% 7,0% 5,5% 6,6% 6,0% 5,5% 4,8% 4,6% 4,7% 4,6% 4,8% 4,7% 4,3% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020/03 2020/06 2020/09 SEPTEMBER 2020
Slide 30: Rating
Financial Perfomance Investor Presentation 30 Rating Corporate Governance Rating (Saha-2016) : 9.17 SEPTEMBER 2020
Slide 31: Disclaimer Statement
Investor Presentation 31 Disclaimer Statement The information in this document has been obtained by İş Finansal Kiralama A.Ş. (“İş Leasing”) from sources believed to be reliable, however, İş Leasing cannot guarantee the accuracy, completeness , or correctness of such information. This document has b
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