Turkiye Sinai Kalkinma Bankasi A.s. · BIST:TSKB
Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sınai Kalkınma Bankası (TSKB) — Q3 2012 Earnings Presentation
18 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, 2012
Slide 1: TSKB Investor Presentation 3Q2012
Created with a trial version of Syncfusion Essential PDF TSKB Investor Presentation 3Q2012 –BRSA Bank only Results
Slide 2: TSKB @ a Glance
TSKB @ a Glance Ownership Structure Free Float; 41.6% • TL 9.9 bn asset size Is Bank; • 343 employees, 3 branches 50.0% • TL 2.2 bn MCAP • %52 of free float belongs to foreign funds Vakıfbank; 8.4% Main Subsidiaries TSKB Credit Ratings (July 2012) Yatırım Finansman TSKB Turkey 96% Securities Fitch L
Slide 3: Snapshots
Snapshots 3Q-2012 Change (TL mn) ytd (%) Liquid Assets 2,916 6.7% Loan Growth Loans 6,645 3.9% • 10.9% in USD terms • 11.0% in Basket terms Assets 9,929 5.0% Funds Borrowed 6,789 -1.2% LT Funds Borrowed Growth • 5.4% in USD terms Equity 1,628 19.2% • 5.5% in Basket terms Net Profit 240 30.9% 3 TSKB
Slide 4: Snapshots
Snapshots • Profitability higher than the last year; • Third quarter 2012 profit TL 67 mn with a yoy increase of 27%, Robust Asset • RoE @ 21.3%, higher than last year’s 19.4%. 5-years average@ 19% Quality; • NIM@ 4.5%, higher than last year High Efficiency • C/I ratio @ 14.0% • Loan volume totaling
Slide 5: Banking Sector and TSKB
Banking Sector and TSKB CAR Loans/Assets NPL 66.9% 2.8% 18.4% 57.8% 16.3% 0.3% Banking Sector TSKB Banking Sector TSKB Banking Sector TSKB Cost to Income NIM ROE 42.2% 21.3% 4.5% 14.5% 14.0% 4.2% Banking Sector TSKB Banking Sector TSKB Banking Sector TSKB Banking Sector Long TSKB Deposits; Term 56%
Slide 6: Financial Highlights
Financial Highlights Foreign Currency Turkish Lira Assets Liabilities Assets Liabilities Repo 8% TL Securities 23% Long Term Funds (12 years) Long Term 64 % Loans (5 years) 65 % Equity 15% • 2.7 years of Loan Duration, 6.6 years of Funding Duration TRY FX 6 TSKB @ a Glance | Banking Sector | Financi
Slide 7: Funding Base
Funding Base Outstanding Funding Base Multilateral Funding Agreements (Annually) USD mn USD mn Long term Funds 3,586 3,351 1039 Short term funds 3,016 2,848 2,513 2,036 660 549 279 640 163 413 258 296 257 121 94 2007 2008 2009 2010 2011 3Q-2012 2007 2008 2009 2010 2011 2012 World Bank (IBRD) Agence
Slide 8: Liability Structure and Funding Base
Liability Stucture and Funding Base Funding Structure Outstanding Long Term Funds Long Term Funding; 93% IBRD 47% EIB 30% CEB 8% KFW 6% AFD 4% IFC 2% Short Term EBRD 2% Funding; 7% Liabilities • Total LT outstanding funds : USD 3,586 mn ; 12% 10% 13% Repo 15% Since 2009, signed agreements totaling:
Slide 9: Shareholders’ Equity
Shareholders’ Equity Equity Capital Adequacy Ratio TRY mn 19% 1,628 22.7% 19.0% 19.1% 18.4% 1,366 20.0% 1,307 1,264 17.1% 17.5% 16.6% 2010 3Q-2011 2011 3Q-2012 2010 3Q-2011 2011 3Q-2012 CAR Tier 1 Equity Movement Dividend Payout Ratio 240 1,628 1,366 73 -50 20% 18% 17% 2011 Equity Cash MTM Gains 3Q-
Slide 10: Healthy Loan Growth and Robust Asset Quality
Healthy Loan Growth and Robust Asset Quality Assets Loans (bn) USD mn 5,105 4,964 5,016 5,621 USD Basket 11% Liquid 38% 35% 29% 29% Assets 3.8 3.3 3.4 3.3 3.1 3.0 Loans 2.7 2.8 57% 61% 68% 67% Other 5% 4% 3% 4% 2010 3Q-2011 2011 3Q-2012 2010 3Q-2011 2011 3Q-2012 Loans by Type • 97% foreign currency
Slide 11: Healthy Loan Growth and Robust Asset Quality
Healthy Loan Growth and Robust Asset Quality Loans by Sector Net Loan Spread Electricity Production 34% Electricity/Gas Distribution 3.7% 6% 3.4% Finance 12% 3.0% Logistics 8% 2.6% 2.3% Non-residential Real Estate 8% Metal and Machinery 7% Chemistry and Plastics 6% Construction 5% 2008 2009 2010 201
Slide 12: Securities Portfolio
Securities Portfolio Securities Portfolio • Duration is 0.9 yrs in Zero Coupon bonds, 271 3.2 yrs in FRNs. FX($) 300 324 302 • 99% is in AFS potfolio. 2,237 % 82 • 31% of TRY portfolio funded by CBT repo TRY 1,985 1,945 1,908 auctions • Private sector bonds: 13.6% of total portfolio (12% in 2011) 20
Slide 13: Income Breakdown
Income Breakdown (TRY mn) 3Q-2011 3Q-2012 Change Adj. Net Interest Income 247.2 315.3 28% Net Interest Income Net Commisions 9.7 10.6 9% Dividend Income 25.0 27.7 11% 28% Other Operating Income 16.6 16.4 -1% Net Banking Income Net Banking Income 298.5 369.9 24% Personnel Expenses 31.3 33.4 7% Adm. E
Slide 14: Income Breakdown
Income Breakdown Commission Income Breakdown-Gross TRY mn 18.9 10.5 12.3 11.4 Income Breakdown Brokerage 17% 17% 12% 23% 3% 9% 9% 15% Fund Mng. 9% 16% Net Interest 18% 36% Income Corporate Finance 76% 84% 84% 58% Commissions 84% 85% 49% Non-cash 33% Loans Dividend 4% 4% 3% 3% 2010 3Q-2011 2011 3Q-20
Slide 15: Key Performance Indicators
Key Performance Indicators ROAE ROAA Cost to Income 17.6% 14.7% 15.6% 21.3% 3.3% 14.0% 18.4% 19.0% 19.4% 2.9% 2.9% 2.9% 2010 3Q-2011 2011 3Q-2012 2010 3Q-2011 2011 3Q-2012 2010 3Q-2011 2011 3Q-2012 NIM Quarterly NIM 4.8% 4.7% 4.5% 4.6% 4.1% 4.1% 4.3% 4.4% 4.2% 4.2% 4.0% 3.8% 2009 2010 2011 3Q-2012 4
Slide 16: Quarterly Income Breakdown
Quarterly Income Breakdown Change Change (TRY mn) 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 QoQ YoY Adj. Net Interest 85 75 87 101 105 111 99 -10% 14% Income Net Commisions 4 3 3 2 3 3 5 44% 56% Dividend Income 10 15 0 1 7 20 0 -98% #DIV/0! Other Operating 3 10 4 12 2 12 2 -81% -38% Income Net Banking Inco
Slide 17: Balance Sheet
Balance Sheet 30/09/2011 31/12/2011 30/09/2012 (TRY mn) TRY FX TOTAL TRY FX TOTAL TRY FX TOTAL Cash and Banks 5 109 114 12 168 181 81 128 209 Securities 1,950 600 2,550 1,908 568 2,476 2,237 480 2,717 Loans 162 5,912 6,074 117 6,279 6,395 206 6,439 6,645 Subsidiaries 272 3 275 276 3 279 292 3 295 Ot
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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