Turkiye Sinai Kalkinma Bankasi A.s. · BIST:TSKB
Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sınai Kalkınma Bankası (TSKB) — H1 2012 Earnings Presentation
19 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, 2012
Slide 1: TSKB Earnings Presentation 1H2012
Created with a trial version of Syncfusion Essential PDF TSKB Earnings Presentation 1H2012 –BRSA Bank only Results
Slide 2: 1H 2012 Macro Outlook
1H 2012 Macro Outlook • In 1Q12, the GDP growth slowed down to • Moody’s upgraded Turkey’s L/T FX rating by 3.2%, from its 2011’s 8.5%. one notch to BA1, which had positive reflections • As of June-end, inflation was down to 8.87% on the domestic financial markets. from its YE level of 10.5%, with t
Slide 3: Recent Developments
Recent Developments • No significant outcome came out from FED and ECB meetings. • As of August, ISE ranked first with its ytd yield among the global stock exchanges. • Turkey’s CDS reached its lowest level (183) since July 2011. • Our estimate YE CAD is USD 60 bn corresponding to 7.3% of GDP. • Jul
Slide 4: TSKB @ a Glance
TSKB @ a Glance Ownership Structure Free Float; 41.6% • TL 9.8 bn asset size Is Bank; • 334 employees, 3 branches 50.0% • TL 2.2 bn MCAP • %52 of free float belongs to foreign funds Vakıfbank; 8.4% Main Subsidiaries TSKB Credit Ratings (July 2012) Yatırım Finansman TSKB Turkey 96% Securities Fitch L
Slide 5: Snapshots
Snapshots 1H-2012 Change (TL mn) ytd (%) Liquid Assets 2,976 8.9% Loan Growth Loans 6,543 2.3% • 7.4% in USD terms • 9.2% in Basket terms Assets 9,814 3.8% Funds Borrowed 6,738 -2.0% LT Funds Borrowed Growth • 4.6% in USD terms Equity 1,501 10.0% • 6.3% in Basket terms Net Profit 173 32.7% 5 Macro O
Slide 6: Snapshots
Snapshots • Profitability higher than the last year and last quarter; • Second quarter 2012 profit TL 92 mn with a qoq increase of 13%, Robust Asset • First half consolidated profit TL 170 mn Quality; • RoE @ 24.1%, higher than last year’s 19.4%. 5-years average@ 19% High Efficiency • NIM@ 4.7%, sli
Slide 7: Financial Highlights
Financial Highlights Foreign Currency Turkish Lira Assets Liabilities Assets Liabilities Repo 8% TL Securities 23% Long Term Funds (12 years) Long Term 64 % Loans (5 years) 63 % Equity 15% • 2.7 years of Loan Duration, 6.7 years of Funding Duration TRY FX 7 Macro Outlook | TSKB @ a Glance | Financia
Slide 8: Funding Base
Funding Base Outstanding Funding Base Multilateral Funding Agreements (Annually) USD mn USD mn Long term Funds 3.351 3.505 1039 Short term funds 3.016 2.848 2.513 2.036 660 549 279 640 163 413 258 296 249 121 94 2007 2008 2009 2010 2011 1H-2012 2007 2008 2009 2010 2011 2012 World Bank (IBRD) Agence
Slide 9: Liability Structure and Funding Base
Liability Stucture and Funding Base Funding Structure Outstanding Long Term Funds Long Term Funding; 93% IBRD 47% EIB 31% CEB 9% KFW 6% AFD 4% IFC 2% Short Term EBRD 1% Funding; 7% Liabilities • Total LT outstanding funds : USD 3,505 mn ; 12% 10% 13% Repo 15% Since 2009, signed agreements totaling:
Slide 10: Shareholders’ Equity
Shareholders’ Equity Equity Capital Adequacy Ratio TRY mn 10% 1.501 25% 1.366 23% 20% 19% 1.306 1.264 22% 20% 19% 17% 2010 1H-2011 2011 1H-2012 2010 1H-2011 2011 1H-2012 CAR Tier 1 • Basel II effect: 290 bps. Equity Movement Dividend Payout Ratio 173 1,501 1,366 -50 12 20% 18% 17% 2011 Equity Cash M
Slide 11: Healthy Loan Growth and Robust Asset Quality
Healthy Loan Growth and Robust Asset Quality Assets Loans (bn) USD mn 5,105 5,264 5,016 5,467 USD Basket Liquid 38% 35% 29% 30% 9% Assets 3,6 3,4 3,4 3,1 3,2 Loans 2,8 3,0 2,7 57% 61% 68% 67% Other 5% 4% 3% 3% 2010 1H-2011 2011 1H-2012 2010 1H-2011 2011 1H-2012 Loans by Type • 97% foreign currency d
Slide 12: Healthy Loan Growth and Robust Asset Quality
Healthy Loan Growth and Robust Asset Quality Loans by Sector Net Loan Spread Electricity Production 35% Electricity/Gas Distribution 6% 3,6% 3.4% Finance 13% 3.0% Logistics 9% 2.6% 2.3% Non-residential Real Estate 7% Metal and Machinery 7% Chemistry and Plastics 6% Construction 4% 2008 2009 2010 201
Slide 13: Securities Portfolio
Securities Portfolio Securities Portfolio • Duration is 1.2 yrs in Zero Coupon bonds, 273 3.4 yrs in FRNs. FX($) 300 291 302 • 99% is in AFS potfolio. 2.224 % 82 • 29% of TRY portfolio funded by CBT repo TRY 1.985 1.983 1.908 auctions • Private sector bonds: 14% of total portfolio (12% in 2011) 2010
Slide 14: Income Breakdown
Income Breakdown (TRY mn) 1H-2011 1H-2012 Change Adj. Net Interest Income 160.0 215.8 35% Net Interest Income Net Commisions 6.8 6.0 -12% Dividend Income 25.0 27.3 9% 35% Other Operating Income 13.0 14.1 8% Net Banking Income Net Banking Income 204.7 263.2 29% Personnel Expenses 21.5 22.5 5% Adm. Ex
Slide 15: Income Breakdown
Income Breakdown Commission Income Breakdown-Gross TRY mn 18.9 7.3 13.7 6.4 Income Breakdown Brokerage 16% 16% 37% 31% 4% 15% 13% Fund Mng. 8% Net Interest 10% 36% 7% 16% Income Corporate Finance 66% 84% 84% Commissions 78% 82% 46% 44% Non-cash 33% Loans 3% Dividend 4% 3% 2010 1H-2011 2011 1H-2012 2
Slide 16: Key Performance Indicators
Key Performance Indicators ROAE ROAA Cost to Income 17,6% 24,1% 3,6% 16,2% 15,6% 20,3% 19,4% 3,2% 13,5% 18,4% 2,9% 2,9% 2010 1H-2011 2011 1H-2012 2010 1H-2011 2011 1H-2012 2010 1H-2011 2011 1H-2012 NIM Quarterly NIM 4,8% 4,7% 4,7% 4,6% 4,1% 4,1% 4,3% 4,4% 4,2% 4,0% 3,8% 2009 2010 2011 1H-2012 4Q-10
Slide 17: Quarterly Income Breakdown
Quarterly Income Breakdown Change Change (TRY mn) 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 QoQ YoY Adj. Net Interest Income 85 75 87 101 105 111 6% 48% Net Commisions 4 3 4 2 3 3 13% 16% Dividend Income 10 15 0 1 7 20 180% 38% Other Operating 3 10 2 12 2 12 474% 17% Income Net Banking Income 102 103 93 116 117
Slide 18: Balance Sheet
Balance Sheet 30/06/2011 31/12/2011 30/06/2012 (TRY mn) TRY FX TOTAL TRY FX TOTAL TRY FX TOTAL Cash and Banks 194 98 293 12 168 181 44 163 207 Securities 1,703 544 2,248 1,908 568 2,476 2,224 491 2,715 Loans 148 5,385 5,533 117 6,279 6,395 170 6,373 6,543 Subsidiaries 319 3 322 276 3 279 278 3 281 O
Slide 19: 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 19
Türkiye Sınai Kalkınma Bankası (TSKB) — H1 2012 Earnings Presentation on 6ix