Turkiye Sinai Kalkinma Bankasi A.s. · BIST:TSKB
Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — Q3 2019 Earnings Presentation
17 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, 2019
Slide 1: Earnings Presentation 3Q19 – BRSA Bank-only Results
Created with a trial version of Syncfusion Essential PDF Earnings Presentation 3Q19–BRSA Bank-only Results
Slide 2: Sustained Core Banking Income
Sustained Core Banking Income TL mn ROE 14.7% ROA 1.8% Net Banking Income Quarterly Cumulative 341 261 999 936 Stable 308 286 657 881 NPL 3.2% 34% loan book 51 102 44 177 162 -18 -68 -44 2Q-19 3Q-19 3Q-18 3Q-19 Net Banking Income exc. CPI&Trading NIM 4.3% CAR @ 17.8% Trading Gain/Loss CPI Income Net
Slide 3: Quarterly and Yearly Net Income
Quarterly and Yearly Net Income Cumulative Quarterly TL mn 9Q-18 9Q-19 YoY 2Q-19 3Q-19 QoQ Net Interest Income 922.2 1,142.5 24% 398.8 371.7 -7% Consistently stable NIM Trading Income 101.8 -44.4 -144% -18.3 -68.4 n.m Derivative valuations due to decreasing rates (Derivative MtM Valuation 41.1 -40.2
Slide 4: Strong NIM Generation
Strong NIM Generation Quarterly NIM NIM NIM exc. CPI&Trading Annualized NIM 5.4% 3Q-19 4.6% 4.5% 4.3% 4.3% 3.9% 2Q-19 4.4% CPI normalized NIM 3.3% 3.7% 3.9% 1Q-19 4.5% 3.3% 3.9% 4Q-18 4.1% 4.9% 3Q-18 4.1% 3Q-18 4Q-18 1Q-19 2Q-19 3Q-19 Quarterly Spread 4.0 3.4 3.2 3.1 3.1 3.1 Quarterly Swap Costs TL
Slide 5: 2019YE Guidance Revisions
2019YE Guidance Revisions 3Q19 2019 Revised Financial Guidance (%) Figures Guidance Guidance FX Adjusted Loan Growth -1.3 ~5 Flat Loans/Assets Ratio 74 ~75 No Δ Loans/Long Term Funding 126 ~115 No Δ Ratio* Fees & Commissions Growth 50 >35 No Δ OPEX Growth 26 <25 No Δ Net Interest Margin (adj.)** 4.3
Slide 6: Solid FX Liquidity and Maturity Profile
Solid FX Liquidity and Maturity Profile Maturity Profile of External Debt USD mn Funding / Total Liabilities (exc. equity) USD mn 6,540 6,383 6,272 3% 3% 4% 4% 4% 4% 5% 5% 5% 21% 21% 22% 11% 11% 10% * Tier 2 bond has issuer call in 2022 53% 53% 52% • Includes recent loan agreement signed with CDB. •
Slide 7: Resilient Balance Sheet
Resilient Balance Sheet Asset Composition Total Loans TL bn 41.6 40.3 38.3 3% 5% 4% 9% 6% TL bn 8% 14% 30.6 Currency 14% 15% Breakdown 29.7 2.3 28.2 3.2 11% 2.2 74% 74% 74% 4.8$ 89% 5.1$ 4.7$ 2018 2Q-19 3Q-19 4Q-18 2Q-19 3Q-19 Loans Securities FX Loans ($) TRY Loans Cash & MM Non IEAs Loans by Type
Slide 8: Loan Portfolio Details
Loan Portfolio Details Electricity Generation REL; 32% 5% 37% Finance 13% Telecom/Logistics 9% Electricity Generation; 86% of which is Electricity/Gas Distribution 7% Renewable Energy, Metal and Machinery 4% where 91% benefits Chemistry and Plastics 4% from Feed in Tariff Non-residential Real Estate
Slide 9: Loan Classifications
Loan Classifications 30.06.2019 Stage 1 Loans Gross Share in Total Coverage Ratio Provisions (-) TL Mn. Amount 86.8% 86.3% Stage 1 26,578 86.8% 0.63% 167 78.0% Stage 2* 3,375 11.0% 11.4% 384 2Q-19 3Q-19 Stage 3 682 2.2% 26.1% 178 Gross Loans 30,635 100.0% 2.4% 729 11.4% Stage 2 Loans Free Provisions
Slide 10: Stage 2 & NPL Portfolio
Stage 2 & NPL Portfolio Stage 2 Loans Restructed Stage 2&3 Loans TL bn 3.4 3.1 13.2% 13.7% 13.0% 12.5% 42% SICR Loans are in 49% the restructuring process 51% 58% 58% 59% 20% 23% 2Q-19 3Q-19 4Q-18 1Q-19 2Q-19 3Q-19 Restructured SICR Stage 2 Sector Breakdown 33% 26% 27% 22%22% 23% • Diversified secto
Slide 11: Securities
Securities TL mn TL Securities Portfolio Breakdown 330$ 309$ 309$ Fixed Fixed Fixed Fixed 303$ %33 %33 %38 %39 CPI CPI CPI CPI 4,043 4,217 %69 %44 %46 %61 3,587 3,896 %43 %42 Floating Float Float Float Float %23 %21 %19 %19 3Q-18 4Q-18 2Q-19 3Q-19 3Q-18 4Q-18 2Q-19 3Q-19 TL FX($) Securities / Assets
Slide 12: Solid Capitalization with Internal Capital Generation
Solid Capitalization with Internal Capital Generation Evolution of RWA and Equity 17.9% 16.2% 17.8% TL bn 16.4% 41.2 39.4 35.2 37.4 12.0% 11.6% 11.1% 11.1% 12.3% 8.5% 4.1 6.3 4.2 6.0 4.6 6.8 4.9 7.0 3Q-18 2018 2Q-19 3Q-19 3Q-18 2018 2Q-19 3Q-19 Tier I (CET 1) CAR RWA Core Equity Total Capital Tier 1
Slide 13: Stable and Predictable Operating Expenses
Stable and Predictable Operating Expenses TL mn Quarterly OPEX TL mn Cumulative OPEX 163 151 9 10 11% 4 120 21% 3 11 23% 12 13 11% 100 9 23% 22% 21% 21% 27 27 30 28 67% 66% 57% 58% 3Q-18 4Q-18 2Q-19 3Q-19 3Q-18 2018 2Q-19 3Q-19 Personnel Expenses Adm. Expenses Other Op. Expenses Personnel Expenses A
Slide 14: Appendix
Appendix Investor Relations I BRSA Unconsolidated Earnings Presentation 3Q-19
Slide 15: Appendix: Balance Sheet
Appendix: Balance Sheet 30/09/2018 31/12/2018 30/09/2019 (TRY mn) TRY FX TOTAL TRY FX TOTAL TRY FX TOTAL Cash and Banks 14 1,547 1,561 600 1,340 1,940 1,491 919 2,410 Securities 3,591 1,795 5,387 3,896 1,585 5,481 4,203 1,862 6,065 Loans (Gross) 2,493 31,105 33,598 2,232 25,994 28,226 3,460 26,212 2
Slide 16: Appendix: Cumulative Income Breakdown
Appendix: Cumulative Income Breakdown (TRY mn) 3Q-18 3Q-19 YoY Net Interest Income 922.2 1,142.5 24% Trading Income - Adj. 101.8 - 44.4 -144% Net Commissions 13.2 19.8 50% Dividend & Other 19.0 31.6 66% Banking Income 1,056.3 1,149.5 9% OPEX (-) 120.1 150.8 26% Net Banking Income 936.2 998.7 7% Prov
Slide 17: TSKB Financial Institutions & Investor Relations
• TSKB Financial Institutions ir@tskb.com.tr &Investor Relations www.tskb.com Meclisi Mebusan Cad. 81 Fındıklı 34427 İstanbul Investor Relations I BRSA Unconsolidated Earnings Presentation 3Q-19
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