Is Finansal Kiralama A.s. · BIST:ISFIN
Is Finansal Kiralama A.s — Investor Presentation (December 2018)
31 slides from Is Finansal Kiralama A.s's investor presentation, December 2018
Slide 1: Investor Presentation December 2018
Investor Presentation 1 2018 INVESTOR PRESENTATION December 2018
Slide 2: Agenda
AGENDA Investor Presentation 2 LEASING SECTOR IN TURKEY COMPANY OVERVIEW LEASING PORTFOLIO FINANCIAL RESULTS December 2018
Slide 3: Leasing Sector in Turkey
LEASING SECTOR IN TURKEY COMPANY OVERVIEW LEASING PORTFOLIO FINANCIAL RESULTS
Slide 4: Economy
Leasing Sector Investor Presentation 4 Economy Increasing protective Turkish economy trend in foreign slowed down in the trade was remarkable second half of 2018. in 2018. As growth in developed economies Overall expectation for 2019 is a continued at different paces in 2018, relative slowdown in gr
Slide 5: Advantages of Leasing
Leasing Sector Investor Presentation 5 Advantages of Leasing FX borrowing option VAT is %1 for various (for selective assets) types of machinery. Sale-and-lease back and operating leases were added to finance leases in 2013 by a regulation change. Expertise on SMEs, consultancy and know- how support
Slide 6: Number of Leasing Companies and Leasing penetration
Leasing Sector Investor Presentation 6 Number of Leasing Companies and Leasing penetration Number of Leasing Companies 31 31 32 29 28 26 25 24 2011 2012 2013 2014 2015 2016 2017 2018 Leasing Penetration 12% 10% 8% 6% 4% 2% 0% 2006 2008 2010 2012 2014 2016 9/2018 Penetration: Leasing volume/ Private
Slide 7: Leasing Volume
Leasing Sector Investor Presentation 7 Leasing Volume December 2018
Slide 8: Leasing Receivables
Leasing Sector Investor Presentation 8 Leasing Receivables December 2018
Slide 9: Net Profit of Sector
Leasing Sector Investor Presentation 9 Net Profit of Sector Million TL 923 952 917 809 526 451 2013 2014 2015 2016 2017 2018 December 2018
Slide 10: Equity & Leverage
Leasing Sector Investor Presentation 10 Equity & Leverage 30,0% 8,0% 25,0% 7,0% 18,7% 6,2% 20,0% 17,0% 16,1% 5,7% 6,0% 15,0% 5,0% 14,8% 10,0% 14,0% 5,2% 4,9% 4,0% 5,0% 4,3% 0,0% 3,0% 2014 2015 2016 2017 2018 Equity Leverage December 2018
Slide 11: NPL & NPL Ratio
Leasing Sector Investor Presentation 11 NPL & NPL Ratio Million TL 7.000 8,0% 7,2% 6.000 7,0% 6,7% 7,0% 5.000 6,3% 6,0% 4.000 5,5% 6,0% 3.000 5,0% 4.711 2.000 3.054 2.939 2.355 4,0% 2.120 1.865 1.000 0 3,0% 2013 2014 2015 2016 2017 2018 December 2018
Slide 12: Customer Base
Leasing Sector Investor Presentation 12 Customer Base December 2018
Slide 13: Company Overview
LEASING SECTOR IN TURKEY COMPANY OVERVIEW LEASING PORTFOLIO FINANCIAL RESULTS
Slide 14: Milestones & Shareholders
Company Investor Presentation 14 Milestones & Shareholders 2011 1985 1995 First corporate Leasing Law İş Bank group took bond issuer in Enacted over leasing sector 1988 2000 Established by İş Listed in İstanbul Stock Bank, Soc Gen and Exchange (ISFIN)) IFC ISFIN Trading Volume Price 80.000.000 6 70.
Slide 15: Organization Chart & Total Staff
Company Investor Presentation 15 Organization Chart & Total Staff Gender FEMALE 52,41% MALE 47,59% Education License 110 Master's Degree 16 High School 10 Associate Degree 5 Doctorate 1 Primary School 1 December 2018
Slide 16: Branch Network & Employee
Company Investor Presentation 16 Branch Network & Employee CONFLICT Avcılar Şişli Kartal Kozyatağı Ostim Trabzon 15 Branches Bursa Ankara Kayseri 49 Sales Staff Diyarbakır İzmir Konya 143 Total Staff Gaziantep Antalya Adana December 2018
Slide 17: Leasing Portfolio
LEASING SECTOR IN TURKEY COMPANY OVERVIEW LEASING PORTFOLIO FINANCIAL RESULTS
Slide 18: Consolidated Financial Indicators
Lease portfolio Investor Presentation 18 Consolidated Financial Indicators 5.4 million TL Leasing portfolio A B C D 532 million USD Transaction Volume 47 198 1.151 Million This is TL a sample Shareholders’ Equity million TL Net text.Profit 8.682 Total Assets million TL December 2018
Slide 19: Sales Channels
Lease portfolio Investor Presentation 19 Sales Channels İşbank: 1342 local and 22 foreign branches, largest network among private banks. December 2018
Slide 20: Sectoral & Asset & Geographical Distribution
Lease portfolio Investor Presentation 20 Sectoral & Asset & Geographical Distribution, % Sectoral Distribution Geographical Distribution Asset Distribution December 2018
Slide 21: Maturity & Currency Distribution
Leasing - Borrowing Investor Presentation 21 Maturity & Currency Distribution Maturity Currency average, months *TL funded by equity is included in the calculation. December 2018
Slide 22: Leverage and TRY Receivables
Borrowing Investor Presentation 22 Leverage Leverage(solo) Million TL TRY Receivables Equity TL Debt TL Portfolio 5,0 4,6 4,8 4,3 3,9 932 1.166 1.477 1.760 1.629 3,1 306 474 726 722 920 626 692 903 755 840 2013 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 Increased leverage by gaining market sh
Slide 23: Finansman Politikası
Borrowing Investor Presentation 23 Finansman Politikası • Yurt içi ve uluslararası bankalarla güçlü ilişkiler. o 2018 yılında 80 milyon US$ tutarında sendikayon kredisi o Tamamı teminatsız banka kredileri • Sektörün ilk TL tahvil ihracını gerçekleştirdi. Dolaşımdaki ihraç tutarı 1.7 milyar TL • Ulus
Slide 24: Financial Results
LEASING SECTOR IN TURKEY COMPANY OVERVIEW LEASING PORTFOLIO FINANCIAL RESULTS
Slide 25: Financial Highlights
Financial Perfomance Investor Presentation 25 Financial Highlights TL Million, consolidated 2015 2016 2017 2018 Δ Leasing Receivables, Net 3.287 4.001 4.701 5.435 15,6% Factoring Receivables, Net 1.951 2.986 4.207 2.725 -35,2% Non Performing Receivables 183 231 266 297 11,6% Provisions 140 150 180 1
Slide 26: Solo Key Figures
Financial Perfomance Investor Presentation 26 Solo Key Figures (Million TL) 2015 2016 2017 2018 Δ 2015 2016 2017 2018 Δ Financial Highlights İş Sector Leasing Receivables 3.249 3.921 4.617 5.331 15% 36.728 44.022 51.990 60.707 17% Total Assets 3.656 4.508 5.069 5.965 18% 40.655 48.500 58.053 68.506
Slide 27: IFRS9 Impact Analysis
Financial Perfomance Investor Presentation 27 IFRS9 Impact Analysis Book Value Book Value Tax Equity Before TFRS 9 Reclassifications Remeasurements After TFRS 9 Financial Assets Effect Effect 31.12.2017 01.01.2018 Leasing Receivables Pre-classification balance 4.246.966 Valuation effect Book Value A
Slide 28: NPL
Financial Perfomance Investor Presentation 28 NPL Sector NPL% İş Leasing NPL% 8,55% 7,99% 7,63% 7,20% 6,95% 6,71% 7,57% 6,26% 7,02% 6,03% 4,80% 4,63% 4,65% 4,63% 4,76% 4,31% 2011 2012 2013 2014 2015 2016 2017 2018 Consolidated 31.12.2015 31.12.2016 31.12.2017 31.12.2018 Gross NPL /Total 3,40% 3,23%
Slide 29: Collaterals
Financial Perfomance Investor Presentation 29 Collaterals Leased assets are legally possessed by the lessor so they are the collateral of the leasing loan. Depending on the lessee’s credit ratings and second hand value of the leased asset, additional collaterals might be demanded. *Group leasing tra
Slide 30: Rating
Financial Perfomance Investor Presentation 30 Rating Corporate Governance Rating (Saha-2016) : 9.17 December 2018
Slide 31: Disclaimer Statement
Investor Presentation 31 Disclaimer Statement The information in this document has been obtained by İş Finansal Kiralama A.Ş. (“İş Leasing”) from sources believed to be reliable, however, İş Leasing cannot guarantee the accuracy, completeness , or correctness of such information. This document has b
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