Burgan Bank · KSE:BURG
Burgan Bank — Merger or Acquisition (April 2012)
10 slides from Burgan Bank's merger presentation, April 2012
Slide 1: Acquisition of Eurobank Tekfen
Acquisition of Eurobank Tekfen A Well Established Banking Platform in Turkey, A Strategic Growth Market for Burgan Investor Presentation April 2012
Slide 2: Disclaimer
Disclaimer The information contained in this document has been provided on the basis of current knowledge, assumptions and expectations. In the event that any information is incorrect or any party misrepresented, Burgan Bank and its consultants cannot be held responsible for this. Various factors co
Slide 3: Overview of Transaction Terms
Overview of Transaction Terms [ + ]= An Attractive and Value Creating Transaction for Burgan Acquisition of 99.26% of Eurobank Tekfen’s equity TRY641mn payment for the equity, with no creation of goodwill Purchase of additional Turkish loan portfolio for TRY511mn Acquisition entirely funded by Burga
Slide 4: Eurobank Tekfen: A Compelling Investment Story
Eurobank Tekfen: A Compelling Investment Story The acquisition of Eurobank Tekfen (“ET”) allows Burgan Bank (“Burgan”) to further reinforce its positioning as a leading regional player in key growth markets Turkey benefits from solid fundamentals, strong growth prospects and a sizeable and under- Tu
Slide 5: Turkey is Strategically Positioned for Long Term Growth
Turkey is Strategically Positioned for Long Term Growth Robust GDP Fundamentals Fast Growing and Young Population One of the world’s fastest growing economies, with strong trade flows One of the largest and fastest growing population in MENA and the EU with the Middle East, Europe, Russia and Africa
Slide 6: ET Will Further Enhance Burgan's Regional Presence
ET Will Further Enhance Burgan’s Regional Presence Burgan Bank’s Regional Footprint Breakdown by Segment(1) ET will reinforce Burgan Bank’s pan-regional presence with ET already represents ~15% of Burgan’s operations based on all diversified banking operations in Turkey key balance sheet metrics 3%
Slide 7: A Fully Operational and Diversified Banking Platform
A Fully Operational and Diversified Banking Platform… % Revenues % Assets Services Large Corporates and SMEs 24% Corporate / 40% 100% 100% Focus on SMEs with aim to further SME Banking grow corporate business and to develop cross selling opportunities Private Banking Targets Small Business and Key F
Slide 8: With a Nationwide Distribution Network
…With a Nationwide Distribution Network Nationwide Branch Network Historical Branch Evolution # branches doubled in less than 5Y Samsun Tekirdag Istanbul Zonguldak 2x 60 Sakarya 1 1 1 27 31 1 2 Kocaeli Ankara 3 Bursa 5 1 2006 2011YE Eskisehir Izmir Kayseri 2 Konya 1 Coverage of Denizli Turkish Econo
Slide 9: Strong Management Team, Delivering Stable Performance
Strong Management Team, Delivering Stable Performance Majority of current top management in place since 2007 (acquisition of ET by Eurobank EFG) Focus on stabilizing asset quality and expanding network coverage Key Financials (TRYmn) 2007 CAGR 9M 2011 Comments +27% Net Loans 882 2,190 Management is
Slide 10: Summary
Summary Acquisition of ET: a value creating transaction for Burgan Reinforces Burgan’s regional presence and offers operational diversification Manageable Accretive impact on Burgan’s acquisition capitalization and from day 1, with excellent funding base + growth potential Strong and seasoned Risks