Albaraka Turk Katilim Bankasi A.s. · BIST:ALBRK
Albaraka Turk Katilim Bankasi A.s — Albaraka Türk Participation Bank — Q3 2022 Earnings Presentation
20 slides from Albaraka Turk Katilim Bankasi A.s's earnings presentation, Nov 9, 2022
Slide 1: Q3'22 Investor Presentation
Q3’22 Investor Presentation Albaraka Türk Participation Bank 9 Nov 2022
Slide 2: Agenda
Agenda 1 Financial Highlights 2 Market Comparison 3 Appendix
Slide 3: Albaraka Turk – Q3'22 At a Glance
3 3 Albaraka Turk – Q3’22 At a Glance Balance Sheet Key Ratios (Million TRL) Q4’21 Q3’22 YtD(%) YtD (bps) % Q4’21 Q3’22 Total Assets 108.955 145.396 33,4 Total Funded Credits (Net) 56.937 66.962 22,9 CAR 14,90 17,08 218 Total NPLs 3.783 1.697 -55,1 Deposits (incl. Interbank) 91.237 120.615 32,2 Tier
Slide 4: Q3'22 Main Highlights (Million TRL)
6 4 Q3’22 Main Highlights (Million TRL) Total Assets Total Funded Credits Total Collected Funds Equity 145.396 7.466 7.210 131.672 117.846 120.615 108.955 107.908 98.903 91.237 4.627 4.812 83.732 4.061 66.738 69.962 61.560 64.805 56.937 46.833 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'21 Q4'21 Q1'22 Q2'22 Q3
Slide 5: Asset Composition
57 5 Asset Composition Composition of Total Assets (Q3’22) Liquid Assets (Million TRL) Other Assets; Liquid Assets % of Total Assets 1,7% 37,5% 37,7% 38,0% 37,0% 34,7% Funded Cash and Cash Credits; Equivalents; 48,1% 29,8% 29.035 40.872 43.460 49.692 55.290 Securities Portfolio; Q3'21 Q4'21 Q1'22 Q2
Slide 6: Operating Performance Breakdown
66 Operating Performance Breakdown Key Movements in Income (Million TRL) Net Profit Share Income (Quarterly, Million) 3.771 2.113 318 251 1.356 10.876 1.094 4.423 811 749 351 Q3'21 Profit Share Fees & Trading Others Q3'22 Income Comm Income Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Net Fees and Commission Incom
Slide 7: Funded Credits Portfolio
7 7 Funded Credits Portfolio Total Funded Credits (including financial leasing, billion) +59% 37,5 -3% 33,6 33,4 32,0 32,5 31,2 29,6 23,6 24,3 22,5 -30% 2,7 2,5 2,2 1,9 1,8 FC - TRY FC - USD* LC - TRY *FX indexed credits are included in FC credits. Sep’21 Dec’21 Mar’22 June’22 Sep’22 Composition of
Slide 8: Asset Quality
8 8 Asset Quality Gross Funded Credits by Groups (including financial leasing, million) Yield on Performing Credits (%) 20,5% 67.315 71.076 18,5% 65.498 2,4% 16,5% 17,1% 60.125 3,1% 48.867 6,7% 11,0% 15,0% 6,3% 11,4% 10,3% 9,6% 11,6% 5,7% 9,6% 9,7% 10,4% 6,4% 9,0% 85,5% 86,6% 84,2% 83,0% 88,0% 4,1%
Slide 9: Asset Quality
9 9 Asset Quality NPL Ratio (%) NPL Sector Distribution (Q3’22) 6,29 6,37 3,5% 3,1% 5,65 21,1% 2,1% 7,3% 3,8% 3,12 19,7% 12,7% 2,05 2,33 1,87 1,98 26,7% 0,91 0,67 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Construction & Real Estate Manufacturing NPL Ratio Net NPL Ratio Trading Financial Hotels & Restaurants Tex
Slide 10: Funding Profile
10 10 Funding Profile Composition of Total Liabilities (Q3’22,%) Composition of Funding Base (Million TRL) 4,6 71,8% 5,1 131.247 Funds Collected 7,3 117.959 108.600 Wholesale Funding 100.616 49% 76.409 45% 50% Shareholders' 49% Equity 47% 83,0 Others 46% 42% 36% 38% 35% 18% 15% 13% 9% 9% (Million TR
Slide 11: Funding Profile (Collected Funds)
11 Funding Profile (Collected Funds) Total Funds Collected (Million TRL) Currency Composition of Funds Collected (Q3’22,%) Q4’21 Q3’22 YtD 0,9 Funds Collected 91.236 120.915 32,5% TRL 9,1 Current Accounts 46.282 55.949 20,9% USD Current Accounts TL 7.715 9.124 18,3% 12,7 35,5 Current Accounts, FC, $
Slide 12: Off Balance Sheet Growth
12 12 Off Balance Sheet Growth Off Balance Sheet Composition (%) LGs-to-Total Assets LG LC Others 28.549 27.737 25.594 25.852 26.8% 12,6% 21.321 37.7% 29.3% 23.7% 34.7% 16.6% 19.0% 17.7% 18.8% 11,4% 11,3% 11,2% 15.7% 11,1% 57.3% 56.6% 44.6% 51.9% 49.6% Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'21 Q4'21 Q1'22
Slide 13: Income- Cost Dynamics
13 14 13 Income- Cost Dynamics YoY Notes (Million TRL) Q3’21 Q3’22 % Profit share income continued to increase on back of high credit yields and Net Profit Share Income 944 3.261 245,3 growing securities income.Thus net profit share income increased by 245% YoY. Fee income generation from banking se
Slide 14: Agenda
Agenda 1 Financial Highlights 2 Market Comparison 3 Appendix
Slide 15: Financial Ratios - Sector Comparison
15 15 Financial Ratios - Sector Comparison Percent (%) Q4’21 Q3’22 Participation Banking Participation Banking Albaraka Türk Albaraka Türk Banks Sector Banks Sector CAR 14,90 18,91 18,34 17,08 20,87 18,83 NPL Ratio* 6,29 2,93 3,09 2,19 1,57 2,23 Provisioning Ratio (Stage 3)** 74,75 87,90 79,66 78,71
Slide 16: Agenda – Appendix
Agenda 1 Financial Highlights 2 Market Comparison 3 Appendix
Slide 17: Summary Balance Sheet
17 17 Summary Balance Sheet (Million TRL) Q4’21 Q3’22 Growth (%) Cash and Balances with Central Bank 26.499 34.233 29,2 Banks 5.296 9.238 74,4 Financial Assets 17.178 29.562 72,1 Funded Credits (net) 56.937 68.265 19,9 Cash Credits 55.522 68.521 23,4 Net Financial Leasing Receivables 821 868 5,8 NPL
Slide 18: Summary Income Statement
18 18 Summary Income Statement (Million TRL) Q3’21 Q3’22 Growth (%) Profit Share Income 3.402 7.173 110,8 Profit Share Expense 2.458 3.912 59,2 Net Profit Share Income 944 3.261 245,3 Net Fees and Commissions Income 274 548 99,9 Fees and Commissions Received 399 716 79,7 Fees and Commissions Paid 12
Slide 19: Thank You
% alBaraka THANK YOU
Slide 20: Contact Us / Disclaimer
Disclaimer THIS PRESENTATION AND THE INFORMATION CONTAINED HEREIN IS CONFIDENTIAL AND MAY NOT BE REPRODUCED, CIRCULATED, DISTRIBUTED OR PUBLISHED (IN WHOLE OR IN PART) OR DISCLOSED BY RECIPIENTS TO ANY OTHER PARTY. BY VIEWING THIS PRESENTATION, YOU AGREE TO BE BOUND BY THE FOREGOING LIMITATIONS. Thi
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