Turkiye Sinai Kalkinma Bankasi A.s. · BIST:TSKB
Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — Q4 2015 Earnings Presentation
24 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, 2016
Slide 1: Investor Presentation 4Q2015 – BRSA Bank only Results
Created with a trial version of Syncfusion Essential PDF Investor Presentation 4Q2015 –BRSA Bank only Results
Slide 2: TSKB @ a Glance
TSKB @ a Glance Ownership Structure First and only Private Development Bank in Turkey TRY 20.7 bn asset size Free Float and Others 332 employees, 2 branches İş Bank 41.29% 50.33% 19th bank in terms of Asset size 3.5% market share in LTFC corporate loans TRY 2.4 bn MCAP 59% of free floa
Slide 3: TSKB's Historical Shareholding Structure
TSKB’s Historical Shareholding Structure İş Bankası 24% Osmanlı Bankası 16% Yapı ve Kredi Bankası 12% Selanik Bankası 4% T. Ticaret Bankası 4% Garanti Bankası 3,86% Akbank 2% Banks 77,86% Banka Komerçiyale İtalyana 2% Banka di Roma 2% Hollantse Bank Uni. 2% Tutum Bankası 2% T. İmar Bankası 2% T. Kre
Slide 4: Primary Strengths
Primary Strengths One of the leading Turkish Ability to fund itself from leading development and investment supranational FIs/ long-term loans banks with an 25% market share guaranteed by the Turkish Treasury in its peer group comprise c. 60% of total funding Strong supportive long-term Prudent bala
Slide 5: Main activities in support of mission
Main activities in support of mission Products and Services of the Group Corporate Banking Investment Banking Advisory Services Direct loan financing for industrial investments, energy and resource Managing own securities portfolio and Strategic Consultancy, LT partnership to efficiency, renew
Slide 6: Sustainability is core to our activities
Sustainability is core to our activities Financing for renewable energy projects Support for low carbon Support for employment economics Sustainable banking for Turkey’s sustainable growth Environmental risk evaluation Energy and resource for all investment projects efficiency in production Responsi
Slide 7: Financial Highlights
Financial Highlights Sustainable Profitability & Net Interest Margin TRY mn 115.5 114.8 104.9 93.7 89.3 94.2 2015 profit TL 407 mn , 10.2% higher than 2014 81.5 81.3 82.4 4.9% 4Q-2015 profit TL 115 mn, %41 higher than 4Q-2014 4.5% 4.4% 3.9% 3.9% 3.9% RoE @ 17.0%, 5-years average @ 18% 3.6% 3.7
Slide 8: Banking Sector vs TSKB
Banking Sector vs TSKB CAR Loans/Assets NPL 15.5% 14.9% 63.1% 66.0% 3.1% 0.4% Banking Sector TSKB Banking Sector TSKB Banking Sector TSKB Cost to Income NIM ROE 46.4% 17.0% 3.9% 3.7% 10.8% 14.3% Banking Sector TSKB Banking Sector TSKB Banking Sector TSKB * Banking Sector data as of November 2015 Lon
Slide 9: Asset Composition
Asset Composition TRY Growth (FX adjusted) 20,735 FX (USD) Total (TRY) 15,701 YoY QoQ 12,911 Loans 5.1% 0.1% Securities, Cash&MM 46.9% 10.7% 4,611 4,811 5,518 5,256 3,553 4,414 Total Assets 15.5% 2.8% FX Assets 12.9% 1.1% 2013 2014 2015 TRY Assets 19.7% 6.1% 2014 2015 FX / Total Assets 70.6% 73.4% 2
Slide 10: Liabilities Composition
Liabilities Composition TRY 20,735 Growth (FX Adjusted) FX (USD) Total (TRY) 15,701 12,911 YoY QoQ Funding 19.1% 2.1% 4,590 4,820 5,317 5,326 3,512 4,434 Equity 8.8% 6.9% FX Liabilities 15.0% 1.0% 2013 2014 2015 TRY Liabilities 15.8% 9.1% 2014 2015 FX / Total Liabilities 70.8% 74.4% 2015 2014 Eurobo
Slide 11: Funding Structure
Funding Structure USD mn 5,944 6,097 5,628 Total Funding: 940 1,027 USD 6,097 mn 1,057 Repo &Money Market 723 704 Securities Issued 385 434 506 Syndication & P/N etc. 78% of the Total Funding is Long Term Unguarenteed LT Funding Guarenteed LT Funding 3,672 3,550 3,571 FX Short term funding: 10% (inc
Slide 12: Long Term DFI Funding
Long Term DFI Funding Outstanding Funding Base IBRD 38% EIB 28% KFW 89% of DFI Funding 10% guaranteed by IDB 8% Turkish Treasury CEB 7% IFC 4% 2014 AFD 2% 2015 EBRD 1% DFI Funding - 2014 Amount Theme CITI 1% IDB 220 mio USD Renewable Energy and Energy Efficiency OEB 0% IBRD 250 mio USD APEX Citibank
Slide 13: Shareholders' Equity
Shareholders’ Equity Equity Capital Adequacy Ratio 8.8% 18.2% 18.1% TRY mn CAR Tier I 14.9% 2,489 2,288 1,885 16.9% 17.0% 14.0% 2013 2014 2015 2013 2014 2015 Equity Movement Risk Weighted Assets TRY mn TRY mn Credit Risk Operational Risk Market Risk 407 2,489 -80 -125 2,288 16,161 12,287 10,256 2014
Slide 14: Loan Portfolio
Loan Portfolio Loans by Sector Loans by Type 68% Investment Loans Electricity Production 33% Electricity/Gas Distribution 9% 25% Working Capital Loans Finance 12% Tourism 6% 7% APEX Non-residential Real Estate 5% Logistics 5% Loan Portfolio (mn USD) FX adj growth of 5.1% Metal and Machinery 5%
Slide 15: Renewable Energy and Energy&Resource Efficiency
Renewable Energy and Energy&Resource Efficiency Renewable Energy Portfolio* 1.3 bn USD 1.4 bn USD 1.5 bn USD 7% 7% Solar Projects 6% are on the 97 of 133 RE are in operation 18% 22% agenda 34% 3% 4,177 mw installed capacity is 9% financed:, Hydros’ risk • 2,947 mw are in operation (71%) declines
Slide 16: Robust Asset Quality
Robust Asset Quality NPL Ratio TRY mn 159 164 154 147 140 145 133 123 0.6% 0.5% 0.4% 60 60 60 59 0.4% 0.4% 18 16 16 17 0.2% 0.2% 2009 2010 2011 2012 2013 2014 2015 1Q-14 2Q-14 3Q-14 4Q-14 1Q-15 2Q-15 3Q-15 4Q-15 Group II Loans NPL * Average NPL ratio for last 5 years is 0.5% TRY mn 1Q-14 2Q-14 3Q-14
Slide 17: Securities Portfolio
Securities Portfolio TRY mn By maturity Duration is 2.2 yrs in Fixed & Floating 240 344 < 1 Year 1<3 3<5 >5 bonds, 6.1 yrs in CPIs. 177 FX($) 77% is in AFS portfolio. 18% 20% of TRY portfolio funded by repo % 72 2,929 2,840 2,547 Private sector bonds: 8% of total 49% TRY portfolio 25% 8% TRY
Slide 18: Income Statement
Income Statement (TRY mn) 2014 2015 YoY Change Net Interest Income Adj. Net Interest Income 559.4 614.3 9.8% Net Commisions 11.2 11.4 2.3% Dividend Income 24.6 33.6 36.8% 10% Other Operating Income 30.5 18.8 -38.2% Net Banking Income 625.6 678.1 8.4% Net Banking Income Personnel Expenses 56.7 64.0 1
Slide 19: Income Breakdown
Income Breakdown Net Interest Income Breakdown Weight of Banking Income Net Interest Income Loans 63% 61% 60% 2013 90.5% Liquid Assets 2014 89.3% 37% 39% 40% 2015 90.4% 2013 2014 2015 Commission Income Breakdown-Gross TRY mn 13.8 Net Commissions 12.4 12.1 Brokerage 11% 12% 2013 2.2% Corporate Financ
Slide 20: Net Interest Margin
Net Interest Margin Annual NIM Quarterly NIM 4.3% 4.9% 4.2% 4.5% 4.4% 3.7% 4.1% 3.9% 3.9% 3.9% 3.6% 3.6% 3.1% 3Q-13 4Q-13 1Q-14 2Q-14 3Q-14 4Q-14 1Q-15 2Q-15 3Q-15 4Q-15 2013 2014 2015 NIM Evolution Cumulative NIM Evolution Quarterly 418 -37 10 11 61 395 -23 21 -15 372 -10 10 313 3Q-2015 Funding CPI
Slide 21: Key Performance Indicators
Key Performance Indicators ROE Core-ROE ROAA Cost to Income 18.0% 17.9% 18.6% 17.7% 18.2% 17.0% 17.4% 14.0% 14.3% 2.8% 2.6% 2.2% 2013 2014 2015 2013 2014 2015 2013 2014* 2015 *14.1% excluding one-off Free Capital Interest Income/AIEA Interest Expense/AIBL 11.9% 12.3% 10.1% 6.3% 5.8% 5.9% 3.0% 2.2% 1
Slide 22: Quarterly Income Breakdown
Quarterly Income Breakdown Change Change (TRY mn) 1Q-2014 2Q-2014 3Q-2014 4Q-2014 1Q-2015 2Q-15 3Q-15 4Q-15 QoQ YoY Adj. Net Interest Income 135 156 131 137 136 152 142 185 34.4% 30.3% Net Commisions 2 3 2 4 2 3 4 3 -15.1% -4.8% Dividend Income 9 4 11 1 13 20 0 0 - - Other Operating Income 22 7 1 1
Slide 23: Balance Sheet
Balance Sheet 31/12/2014 31/12/2015 (TRY mn) TRY FX TOTAL TRY FX TOTAL Cash and Banks 159 576 735 1,121 1,305 2,426 Securities 2,929 553 3,482 2,840 995 3,835 Loans 1,080 9,901 10,981 1,000 2,675 13,675 Subsidiaries 322 6 328 306 10 316 Other 72 103 175 137 345 482 Total 4,561 11,140 15,701 5,404 15
Slide 24: TSKB Investor Relations
TSKB Investor Relations ir@tskb.com.tr | www.tskb.com
Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — Q4 2015 Earnings Presentation on 6ix