Turkiye Sinai Kalkinma Bankasi A.s. · BIST:TSKB
Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — Q2 2025 Earnings Presentation
32 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, 2025
Slide 1: Corporate Banking Investment Banking Advisory Services
Corporate Banking Investment Banking Advisory Services
Slide 2: TSKB at a Glance
TSKB at a Glance 4 Turkey wis Bank Group Ratings TSKB UA Lyle oe Shareholding Z fakifban! Structure Fitch LTFC B+ BB- Free Float* & Other Moody’sLTIR Ba3 Ba3 SAHA Corporate Governance Rating yy YY Sustainalytics ESG 7.4 Negligible Risk As of July 302025 Risk Rating tet, CORPORATE BANKING INVESTMENT
Slide 3: A Unique Business Model
A Unique Business Model = Long term tenor in liabilities: 10.1 years * Medium term in assets: 48 years = Diversified funding tools = Amortized loan book = Multi-disciplinary assessment during allocation = Sector specific research analysts during allocation and monitoring period = Strong collateraliz
Slide 4: Main Stakeholders of the Bank
Main Stakeholders of the Bank A trustworthy partner in; Large Corporates, MidCap Companies & SME's Its field experience Cooperation in various areas such as; corporate loans, investment banking activities and advisory services Ministry of Treasury and Finance Its capacity to introduce innovative the
Slide 5: Sustainability is Well Integrated into Our Business Model
Sustainability is Well Integrated into Our Business Model health and safety © Supporting less developed regions Support for employment in Turkey; ® Encouraging women participation to the economy PRB Support transition to low ye carbon economy © Providing financing to operational Environmental & Soci
Slide 6: TSKB Sustainability Journey - I
TSKB Sustainability Journey - | + First Turkish Bank with First Carbon Neutral Bank of Signatory of IDFC Climate Turkey successful ISO 14064 declaration Environmental Factor in Credit * Greenhouse Gas + BIST Sustainability Index Appraisal Process Emissions Audit * Women’s Empowerment Environmental M
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Slide 8: Sustainable Banking Highlights
Sustainable Banking Highlights billion USD - 2030 Target 13K8 DEVELOPMENT oy Day Y Climate and Environment TSKB’s 2nd Development Day Focused SDG Linked Loan * Focused on Enhancing Potential Disbursement since 2024 Growth Through Triple Transformation (Green, Digital and Social) To contribute to a s
Slide 9: 2Q25 Summary: TSKB's differentiating performance continues
2Q25 Summary: TSKB's differentiating performance continues Strong liquidity supported by new funding engagements: EUR 50 mn from OPEC (MOTF guaranteed) New long term loan disbursements, in line with a iT 9 : USD 200 mn fi AIIB (MoTF guaranteed) targets, surpassing USD 1.1 NEE ~~ bos Lo “EUR 25 mn fr
Slide 10: Financial Guidance (Bank Only)
Financial Guidance 1H-25 Figures YE25 Guidance Outlook (Bank Only) % % % Growth FX Adjusted Loan Growth 4.5 Low Teens On track Profitability Net Interest Margin 5.7 ~5 Upward Fees & Commissions Growth -45 ~ CPI Downward Return On Equity* 31.3 ~30 On track Efficiency OPEX Growth 59 > CPI Upward Solve
Slide 11: Banking Sector vs TSKB
Banking Sector vs TSKB CAR* 24.2% Loans/Assets 7, o9, Total Coverage Ratio 51.8% 18.0% 3.2% 3.6% Banking Sector TSKB Banking Sector TSKB Banking Sector TSKB *Reported figures Cost to Income ROE NPL** MA% Leg 31.3% 16.2% LAS 0.9% Banking Sector TSKB Banking Sector TSKB Banking Sector TSKB **TSKBhas n
Slide 12: DFI Funding maturity profile
-380 -383 -338 -15 -237 -650 -376 -61 -2,707 1 to 12 months 1 to 3 years 3 to 5 years >5 years DFI Funding Eurobond & PP Money Market Funding Syndication & P/N etc.
Slide 13: DFI funding breakdown by institution
IBRD 46.2% AIIB 10.1% ✓ JBIC 9.5% KfW 8.4% ✓ AFD* 7.0% ✓ EIB 4.2% ✓ EBRD* 3.5% ✓ IsDB 3.3% IFC* 3.0% CDB 2.8% OEB* 1.8% CEB 0.2%
Slide 14: Outstanding Project Themes Shaping Future Loan Book
14 Outstanding Project Themes Shaping Future Loan Book Energy and Resource Efficiency Women’s Employment and Equal Opportunity Renewable Energy Midcap Financing Supporting Exporters Regional Development Supporting Employment Sustainable Agriculture Industrial Development Sustainable Tourism Occupati
Slide 15: Resilient Composition of Our Healthy Growing Assets
As Resilient Composition of Our Healthy Growing Assets Asset Composition - TL bn Total Loans-TL bn 4% 190.2 166.4 14.1 ; Yi Le 20-25 40-24 10-25 mloans — mSecurities © =Cash&MM ——_ mNon EAs & Other =FXLoans($) = TL Loans 2Q-25 Loans by Currency Remaining Average Maturity - Years Z | Weight 161% Ree,
Slide 16: Risk Management Pillars
Risk Management Pillars Credit Risk * Monitoring the clients individually with analysing the financials * Preparing monitoring reports for the clients at least once a year * Keeping track of internal and external (if it is done) ratings of the customers, reviewing the internal ratings annually * Act
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Slide 18: Loan Breakdown by Sector
Electricity Generation 28.6% Metal & Machinery 8.9% Finance 7.9% Logistics 6.9% Chemistry & Plastics 6.4% Electricity/Gas Distr. 6.4% • Tourism 6.1% Construction Materials 5.9% Health 5.1% • Textile 4.3% • • Food & Beverage 3.2% Paper and Forestry Products 2.4% Other** 8.0%
Slide 19: Renewable Energy Loans by Source
1.9 bn 1.9 bn 1.9 bn 1.7 bn 1.6 bn 1.5 bn 1.5 bn 7% 8% 11% 6% 15% 21% 22% 9% 22% 11% 12% 9% 9% 9% 37% 39% 36% 37% 40% 40% 42% 20% 19% 19% 19% 17% 16% 17% 31% 24% 23% 17% 13% 13% 10% 2020 2021 2022 2023 2024 1Q-25 2Q-25 Hydro Geothermal Wind Biomass Solar • •
Slide 20: Provisions and Coverage by Stage
YE-24 1Q-25 2Q-25 Total Provisions (mn TL) 8,027 7,905 7,422 Stage 1 929 857 902 Stage 2 3,883 4,118 4,784 Stage 3 3,215 2,930 1,735 YE-24 1Q-25 2Q-25 Total Coverage 4.8% 4.2% 3.6% Stage 1 0.6% 0.5% 0.5% Stage 2 34.1% 33.6% 32.7% Stage 3 87.5% 90.3% 91.3% • • • • • • • • • •
Slide 21: Proactive and Strategic Asset Liability Management backs our NIM
21 Proactive and Strategic Asset Liability Management backs our NIM Total Securities Portfolio Breakdown Securities / Assets: TL47.4bn TL48.5 bn 17% ~ T141.5bn 46% in FX 54% in TL 26.7 4Q-24 10-25 20-25 mTL(bn) = FX($ bn) TL Securities Portfolio Breakdown* 40-24 10-25 * Auditreport values are taken
Slide 22: Remarkable Earnings Performance with robust NII generation
Remarkable Earnings Performance with robust NII generation as well as strong collections and subsidiary income Strong TLmn 1H-24 1-25 [Wey = 1025 20-25 [acai collections fe ; Net Interest Income 5,302 6,988 32% 3,151 3,837. 22% Nil excluding pe\PL went. CPI Linker income down to 0.9% Nilexc. CPI Lin
Slide 23: NIM continues to stay solid and boosts our strong earnings performance
NIM continues to stay solid and boosts our strong earnings performance Net Interest Income inc. Swap Cost (TL mn) Annualized NIM n> + 39% yoy ——)+22% qoq 2,760 3,151 3,837 | 7s | ~ 6.3% = CPI Income 5.7% 5.7% = CPI Impact a Nil excl, CPI 2.0% 1.2% 1.1% = Core NIM m Swap Cost 2,857 3,319 43% 4.5% 4.6
Slide 24: CAR Evolution
CAR Evolution 0.03 0.32 0.05 - 0.04 0.02 0.20 20.3 20.3 1Q-25 Δ Market Risk Δ Credit Risk Δ MtM Δ Operational Risk Subordinated Debt Δ Tier II Net Profit 2Q-25
Slide 25: Appendix
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Slide 26: Balance Sheet by Currency
31.12.2024 31.03.2025 30.06.2025 TL mn TL FX TOTAL TL FX TOTAL TL FX TOTAL Cash and Banks 1,928 10,553 12,480 4,376 7,229 11,604 6,997 12,154 19,151 Securities 22,207 19,275 41,483 26,718 20,679 47,397 26,200 22,282 48,482 Loans (Gross) 13,888 152,529 166,418 14,052 176,174 190,227 12,518 193,889 20
Slide 27: Appendix: Detailed Income Statement
Appendix: Detailed Income Statement TLmn 1H-24 1H-25 YoY 1Q-25 2025 QoQ Net Interest Income inc. Swap Cost 5,302 6,988 32% 3,151 3,837 22% Net Interest Income exc. CPI 5,800 6,176 6% 2,857 3,319 16% CPI Linkers Income 1,712 1,548 -10% 735 813 11% Swap Costs (-) 2,210 735 -%67 440 295 -%33 Net Fees &
Slide 28: Interest Earning Assets
Interest Earning Assets (bn TL) 264 208 239 182 200 ✓ Interest Earning Assets were up by 11% QoQ and 40% YoY, 159 which was driven by • High FX denomination 37 46 45 • Growth strategy 12 11 19 4Q-24 1Q-25 2Q-25 Liquid Assets Securities Loans
Slide 29: Stage 2 Loans
Stage 2 Loans Sector % Coverage (%) Tourism 45 33 Electricity/Gas Distribution 15 50 94% of Electricity Electricity Generation 14 33 Generation loans Non-residential Real Estate 8 31 are Renewable Telecom/Logistics 4 9 Automotive Supply Industry 3 30 Metal and Machinery 2 10 Health 1 50 Other 8 15 T
Slide 30: Provisions
Provisions (TL mn) 2Q25 Stage 1* -50 Stage 2** 1,078 Stage 3 150 Reversals*** (TL mn) -1,632 Net CoR 39 bps Currency Impact 120 bps Net CoR excl. Currency Impact -81 bps *Stage 1 provision costs are adjusted with TL 14.7 mn provisions set aside for securities. **Stage 1&2 provisions are shown netted
Slide 31: Sustainalytics ESG Risk Rating and ESG Scores
Sustainalytics ESG Risk Rating ESG Credit Relevance Score Negligible Risk Category 3 7.4 Neutral-to-minimal First place in Türkiye 12th place among global development banks Constituent company in the FTSE4Good Index Series Sustainable Fitch ESG Credit Impact Score 3 (62/100) 2 First place in Türkiye
Slide 32: Disclaimer
This presentation document is prepared for informational purposes only and contains certain forward-looking comments, opinions, and forecasts. These reflect the views of Türkiye Sınai Kalkınma Bankası A.Ş. ("TSKB") as of the date of this presentation and contain certain assumptions. Although the inf
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