Turkiye Sinai Kalkinma Bankasi A.s. · BIST:TSKB
Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — Q4 2012 Earnings Presentation
18 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, 2013
Slide 1: Investor Presentation 4Q2012 – BRSA Bank only Results
Created with a trial version of Syncfusion Essential PDF Investor Presentation 4Q2012 –BRSA Bank only Results
Slide 2: TSKB @ a Glance
TSKB @ a Glance Ownership Structure TL 10.3 bn asset size Free Float; 41.6% 345 employees, 2 branches Is Bank; 20th bank in terms of asset size, 50.0% 3.27% market share in LTFC corporate loans TL 2.5 bn MCAP 55% of free float belongs to foreign funds Vakıfbank; 8.4% Main Subsidiaries TSKB
Slide 3: Snapshots
Snapshots 4Q-2012 Change (TL mn) ytd (%) Liquid Assets 3,075 13% Loan Growth Loans 6,895 8% 14.9% in USD terms 13.8% in real terms Assets 10,289 9% Funds Borrowed 6,974 1% Funds Borrowed Growth 8.2% in USD terms Equity 1,766 29% 7.0% in real terms Net Profit 307 20% 3 TSKB @ a Glance | Banki
Slide 4: Snapshots
Snapshots Profitability higher than the last year; Sustainable Profitability; Fourth quarter 2012 profit TL 68 mn, parallel with the last quarter Stable Net RoE @ 19.7%, higher than last year’s 19.4%. 5-years average@ 19% Interest NIM@ 4.58%, 30 bps higher than last year Margin C/I ratio @
Slide 5: Banking Sector and TSKB
Banking Sector and TSKB CAR Loans/Assets NPL 67% 20.4% 2.9% 17.9% 58% 0.2% Banking Sector TSKB Banking Sector TSKB Banking Sector TSKB Cost to Income NIM ROE 19.7% 40.6% 14.7% 4.6% 4.6% 14.8% Banking Sector TSKB Banking Sector TSKB Banking Sector TSKB Banking Sector TSKB Long Deposits Term 56% Funds
Slide 6: Financial Highlights
Financial Highlights Assets Liabilities Assets Liabilities Repo 8% TL Securities 23% FX Long Term Funds FX Long (12 Term years) Loans 65 % (5 years) 62 % Equity 15% 2.8 years of Loan Duration, 6.7 years of Funding 3.1 years of Securities Duration Duration TRY FX 6 TSKB @ a Glance | Banking Secto
Slide 7: Funding Base
Funding Base Outstanding Funding Base Multilateral Funding Agreements (Annually) USD mn 1039 USD mn Long term Funds 3,769 3,351 Short term funds 3,016 2,848 660 2,513 549 463 413 258 296 121 94 175 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 World Bank (IBRD) Agence Française de Developpement
Slide 8: Liability Structure and Funding Base
Liability Structure and Funding Base Funding Structure Outstanding Long Term Funds Long Term Funding; IBRD 47% 96% EIB 32% CEB 7% KFW 6% AFD 4% IFC 2% Short Term Funding; EBRD 2% 4% Total LT outstanding funds : USD 3,586 mn ; Liabilities 15% 10% 12% In the last five years, signed agreements tota
Slide 9: Shareholders’ Equity
Shareholders’ Equity Equity Capital Adequacy Ratio TRY mn 29% 1,755 22.7% 20.4% 19.1% 1,366 20.0% 1,264 17.5% 18.2% 2010 2011 2012 2010 2011 2012 CAR Tier 1 Equity Movement Dividend Payout Ratio TRY mn 1,755 307 1,366 132 20% -50 18% 17% 2011 Equity Cash MTM Gains 2012 Net 2012 Equity 2009 2010 2011
Slide 10: Healthy Loan Growth and Robust Asset Quality
Healthy Loan Growth and Robust Asset Quality Assets Loans (bn) USD mn 5,105 5,016 5,820 USD Basket 15% Liquid 35% 29% 30% Assets 3.9 3.4 3.4 Loans 3.1 3.0 2.7 61% 68% 67% Other 4% 3% 3% 2010 2011 2012 2010 2011 2012 Loans by Type • 97% foreign currency denominated Project 52% • No currency mismatch
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% 3.7% Electricity/Gas Distribution 6% 3.4% Finance 13% 3.0% Logistics 8% 2.6% 2.3% Non-residential Real Estate 8% Metal and Machinery 6% Chemistry and Plastics 5% Construction 5% 2008 2009 2010 201
Slide 12: Securities Portfolio
Securities Portfolio Securities Portfolio • Duration is 0.8 yrs in Zero Coupon bonds, TRY mn 267 3.8 yrs in FRNs. FX($) 300 302 • 99% is in AFS potfolio. % 83 • 30% of TRY portfolio funded by CBT repo 2,372 TRY 1,985 1,908 auctions • Private sector bonds: 12% of total portfolio 2010 2011 2012 TRY Se
Slide 13: Income Breakdown
Income Breakdown (TRY mn) 2011 2012 Change Adj. Net Interest Income 348.3 430.7 24% Net Interest Income Net Commisions 11.3 13.1 16% Dividend Income 25.8 27.7 7% 24% Other Operating Income 28.9 16.8 -42% Net Banking Income Net Banking Income 414.4 488.4 18% Personnel Expenses 41.5 44.7 8% Adm. Expen
Slide 14: Income Breakdown
Income Breakdown Commission Income Breakdown-Gross TRY mn 18.9 12.3 14.1 Brokerage 17% 12% 23% 1% Income Breakdown 15% 14% Fund Mng. 9% 18% 36% Corporate Finance 73% 49% Non-cash 33% Loans 84% 84% 88% 2010 2011 2012 Net Interest Income Breakdown 4% 3% 7% 6% 3% 5% 7% 6% 50% 3% Loans 59% 57% 2010 2011
Slide 15: Key Performance Indicators
Key Performance Indicators ROAE ROAA Cost to Income 19.7% 17.6% 19.4% 15.6% 14.8% 2.9% 3.1% 18.4% 2.9% 2010 2011 2012 2010 2011 2012 2010 2011 2012 NIM Quarterly NIM 4.8% 4.8% 4.7% 4.6% 4.6% 4.4% 4.1% 4.3% 4.2% 4.2% 4.0% 3.8% 2010 2011 2012 4Q-10 1Q-11 2Q-11 3Q-11 4Q-11 1Q-12 2Q-12 3Q-12 4Q12 15 TSK
Slide 16: Quarterly Income Breakdown
Quarterly Income Breakdown Change Change (TRY mn) 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 QoQ YoY Adj. Net Interest 85 75 87 101 105 111 99 116 16% 14% Income Net Commisions 4 3 3 2 3 3 5 3 -46% 58% Dividend Income 10 15 0 1 7 20 0 0 -96% -98% Other Operating 3 10 4 12 2 12 2 1 -79% -96% Income Net
Slide 17: Balance Sheet
Balance Sheet 31/12/2011 31/12/2012 (TRY mn) TRY FX TOTAL TRY FX TOTAL Cash and Banks 12 168 181 28 142 170 Securities 1,908 568 2,476 2,372 472 2,844 Loans 117 6,279 6,395 211 6,684 6,895 Subsidiaries 276 3 279 311 3 314 Other 41 84 125 33 33 66 Total 2,354 7,102 9,456 2,955 7,334 10,290 ST Funds 2
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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