Turkiye Sinai Kalkinma Bankasi A.s. · BIST:TSKB
Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — Q1 2006 Earnings Presentation
27 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, 2006
Slide 1: Earnings Update (1Q06 BRSA Results)
Created with a trial version of Syncfusion Essential PDF Earnings Update (1Q06 BRSA Results) 1 1
Slide 2: TSKB in Brief
TSKB in Brief Financial Summary (mn $) Main Subsidiaries Assets 2,378 Yatırım Finansman Securities Loans 1,460 İş Leasing Equity 427 TSKB Real Estate Appraisal Net Income 20 TSKB Real Estate Investment Trust Current M.Cap. 572 Ownership Structure Credit Rating İş Bank Group 50.09% BB- Vakif Bank 8.3
Slide 3: Main Business Lines
Main Business Lines Corporate & Medium & Long-term Financing to Development Banking Private Sector Primary and Secondary Public Offerings Investment Mergers & Acquisitions Banking Corporate Restructuring Privatization consultancy Maintaining the Bank’s liquidity strength & trading Treasury & Mutual
Slide 4: Main Participations
Main Participations TSKB Capital Market Price Entity Sector Ownership (mn TRY) (mn TRY) Yatırım Finansman Securities Financial 88.4% 10.0 TSKB Real Estate Investment Trust Financial 96.0% 10.0 İş Leasing Financial 28.6% 50.0 364.0 TSKB Investment Company Trust Financial 29.8% 12.0 16.2 Yatırım Finan
Slide 5: Sustainable Growth Over the Years
Sustainable Growth Over the Years Total Total Assets Assets (USD (USD mn) mn) Loans Loans (USD (USD mn) mn) 1,460 2,470 2,378 1,400 1,306 1,200 70% 1,038 1,068 1,707 1,776 1,000 60% 800 61% 61% 60% 600 53% 50% 400 40% 200 0 30% 2004 1Q05 2005 1Q06 2004 1Q05 2005 1Q06 Loans Loans / T. Assets (%) Shar
Slide 6: Sustainable Growth Over the Years
Sustainable Growth Over the Years Total Total Funds Funds Borrowed Borrowed (USD (USD mn) mn) Shareholders’ Shareholders’ Equity Equity (USD (USD mn) mn) 1,984 427 412 1,866 1,431 296 1,386 285 2004 1Q05 2005 1Q06 2004 1Q05 2005 1Q06 80% of the Long Term* Funds borrowed are guaranteed by the Turkish
Slide 7: Sources of Funds
Sources of Funds European Investment Bank (EIB) World Bank (IBRD) Japan Bank for International Cooperation (JBIC) Kreditanstalt für Wiederaufbau (KfW) Council of Europe Development Bank (CEB) International Finance Corporation (IFC) Agence Française de Développement (AFD) 7 7
Slide 8: Funding Agreements signed in 2005 & 2006 (mn)
Funding Agreements signed in 2005 & 2006 (mn) Syndicated Syndicated Loan Loan $120 1 year 2006 Murabbaha Murabbaha Loan Loan $50 1 year 2006 EFIL EFIL III III World World Bank Bank Export Export Finance Finance IBRD IBRD $ 201 16 years 2021 EFIL EFIL III III Export Export Finance Finance € 80 16 yea
Slide 9: Current Shareholder Structure
Current Shareholder Structure İş Bankası Group 50.1% Free Float 41.5% Vakıflar Bankası 8.4% 50 percent of stocks are quoted at ISE (IMKB) 27% foreign participation (54% of the free float stocks) 9 9
Slide 10: Awards received
Awards received “Best M&A House” by Euromoney Awards for Excellence -2005 “Best Advisory” by Euromoney Real Estate Awards –2005 “Best Local Partner” by Euromoney Awards for Excellence -2004 10 10
Slide 11: Balance Sheet Composition
Balance Sheet Composition 28% 78% 61% 4% 11% 18% Assets Liabilities & Equity Liquid Assets Loans Other Borrowings Others Equity 11 11
Slide 12: Asset Composition
Asset Composition (USD mn) 1Q05 1Q06 Change 31% 28% 37% Liquid Assets 564 668 18% Loans 1,068 1,460 37% 61% 61% Other 143 250 74% 53% Total Assets 1,776 2,378 34% 8% 10% 11% 2004 2005 1Q06 Liquid Assets Loans Other Share of interest earning assets in total assets is 89 percent 12 12
Slide 13: Breakdown of Loans
Breakdown of Loans AUTOMOTIVE & LOGISTICS METALS ENERGY 7% TEXTILE 6% 11% 9% CHEMISTRY 6% AGRICULTURE 3% FINANCE 27% PLASTICS 3% FOOD 3% OTHER PRODUCTION OTHER OTHER MINING 3% 9% TOURISM 11% 2% 13 13
Slide 14: Asset Quality
Asset Quality NPLs NPLs (USD (USD mn) mn) NPL NPL Ratio Ratio vs. vs. Coverage Coverage Ratio Ratio 5% 120% 100% 44 44 4.0% 4.0% 100% 4% 80% 33 32 3% 2.5% 2.2% 60% 2% 40% 1% 20% 0% 0% 2004 1Q05 2005 1Q06 2004 1Q05 2005 1Q06 NPLs Coverage Ratio NPL’s are low and fully provisioned NPL amount declined
Slide 15: Securities Portfolio 1Q06
Securities Portfolio Breakdown Breakdown of of Securities Securities Portfolio Portfolio Total Total Portfolio Portfolio (USD (USD mn) mn) FC 921 TL Zero Coupon TRY 664 56% 481 69% 60% 62% 2004 2005 1Q06 FX Floating Average Average Maturity Maturity (Years) (Years) TL 22% FX Fixed Floating 16% TL 5%
Slide 16: Equity Participation Portfolio
Equity Participation Portfolio Financial Financial vs. vs. Non-financial Non-financial Listed Listed vs. vs. Non-listed Non-listed (USD mn) (USD mn) 125 93 136mn 43 11 Financial Venture Capital Listed Non Listed EIB Venture Capital Participations are USD 10.5 mn 16 16
Slide 17: Currency Risk Structure
Currency Risk Structure (mn USD) USD EURO JPY Total Total Assets 901 778 88 1,767 Total Liabilities 896 875 92 1,862 Net On-Balance Sheet Position 6 (97) (4) (95) Net Off-Balance Sheet Position (16) 76 4 63 Net (10) (21) - (32) FX Composition (mn USD) USD EURO JPY Total Loans 476 701 75 1,252 Leasin
Slide 18: Increasing Volume of Interest Earning Assets
Increasing Volume of Interest Earning Assets IEA IEA vs. vs. IBL IBL (USD (USD mn) mn) IEA IEA Trend Trend 2,227 2,128 117% 1,939 1,821 115% 118% 117% 1,633 1,387 1,062 92% 92% 90% 89% 931 2004 1Q05 2005 1Q06 2004 1Q05 2005 1Q06 Int. Earning Assets Int. Bearing Liabilities IEA / IBL IEA / Total Asse
Slide 19: Sufficient Capitalisation
Sufficient Capitalisation ... and high CAR supports steady balance sheet growth Capital Capital Base Base (USD (USD mn) mn) Capital Capital Adequacy Adequacy Ratio Ratio 42.80% 41.1% 36.78% CAR 32.32% Basel-II 344 16.40% 16.60% 325 2004 1Q05 2005 1Q06 255 140 Risk Risk Weighted Weighted Assets Asset
Slide 20: Income Statement Highlights
Income Statement Highlights (000 USD) 1Q05 1Q06 Change Income Income Composition Composition Adj. Net Interest Income (1) 25,621 29,091 14% Net Commissions 1,889 3,891 106% Released Provisions 2,513 1,914 -24% Other Operating Income 1,669 1,502 -10% Net Banking Income 31,692 36,398 15% 81% 80% Perso
Slide 21: Breakdown of Interest Income
Breakdown of Interest Income Interest Interest Income Income (USD (USD mn) mn) Breakdown Breakdown of of Interest Interest Income Income 53 31% 41% 43 Loans 69% Liquid 59% Assets 1Q05 1Q06 1Q05 1Q06 21 21
Slide 22: Financial Summary
Financial Summary USD mn 2004 1Q05 2005 1Q06 Assets 1,707 1,776 2,470 2,378 Financial Financial Loans 1,038 1,068 1,306 1,460 Equity 285 401 412 427 2004 1Q05 2005 1Q06 CAR 42.8 % 41.1 % 36.8 % 32.3 % Ratios Ratios ROE 13.3 % 20.6 % 21.4 % 19.3 % ROA 2.2 % 3.4 % 3.5 % 3.3 % 22 22
Slide 23: Participations (31.03.2006)
Participations (31.03.2006) Entity Sector Ownership Capital (TRY) Yatırım Finansman Menkul Değerler A.Ş. (Yatırım Finansman Securities) Financial 88.44% 10,000,000 TSKB Menkul Değerler A.Ş. (TSKB Securities) Financial 91.79% 1,675,000 TSKB Gayrimenkul Yatırım Ortaklığı A.Ş. (TSKB Real Estate Investm
Slide 24: Organization Chart
S E O S O C P Y F O E S T Organization Chart N R T W O A E A T M R INFORMATION TECHNOLOGY & HUMAN APPLICATION SYSTEM HUMAN RESOURCES SYSTEM & NETWORK E DEVELOPMENT DEVELOPMENT SUPPORT RESOURCES & C O GÖKHAN S N EXECUTIVE VICE ÇANAKPINAR YETKİN KESLER OLCAY TATLIOĞLU ERKAN MİSKET Department Head Depa
Slide 25: Ratings
Ratings FOREIGN CURRENCY FOREIGN CURRENCY Long-term BB- Long-term B1 Outlook Positive Short-term N/P Short-term B Outlook Positive INDIVIDUAL C/D FSR D+ SUPPORT 3 OUTLOOK Stable LOCAL CURRENCY TSKB is rated by Moody’s on 20 December, 2005 Long-term BB- Outlook Positive Short-term B NATIONAL A (tur)
Slide 26: Disclaimer
Disclaimer The information in this document has been obtained by Türkiye Sınai Kalkınma Bankası A.S. (“TSKB”) from sources believed to be reliable, however, TSKB cannot guarantee the accuracy, completeness, or correctness of such information. This document has been issued for information purposes on
Slide 27: TSKB Investor Relations
TSKB Investor Relations Meclisi Mebusan Caddesi No 161, 34427 Fındıklı Istanbul Turkey Website: www.tskb.com Tel: +90 212 334 5050 Investor Relations Tel: +90 212 334 5194 Fax: +90 212 243 2975 E-mail: ir@tskb.com.tr 27 27
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