Is Finansal Kiralama A.s. · BIST:ISFIN
Is Finansal Kiralama A.s — Investor Presentation (September 2019)
26 slides from Is Finansal Kiralama A.s's investor presentation, September 2019
Slide 1: Investor Presentation September 2019
Investor Presentation 1 2019 INVESTOR PRESENTATION September 2019
Slide 2: Agenda
AGENDA Investor Presentation 2 LEASING SECTOR IN TURKEY COMPANY OVERVIEW LEASING PORTFOLIO FINANCIAL RESULTS September 2019
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 Turkish economy has entered Concerns of global growth and into recovery period in the protective tendencies on international second half of 2019. trade become prominent in 2019. Supported by global liquidity conditions and diminishing geo-political risk
Slide 5: Advantages of Leasing
Leasing Sector Investor Presentation 5 Advantages of Leasing Opportunity Opportunity to finance of Operating investment lease at any scale Competent Flexible Benefits of VAT, Stamp Fixed Lease Duty and payments fees for the Advantageous duration of Lease the contract payments in line with cash flow
Slide 6: Number of Leasing Companies and Leasing Penetration
Leasing Sector Investor Presentation 6 Number of Leasing Companies and Leasing penetration Number of Lea s i ng Compa ni es 29 28 26 25 24 23 23 2014 2015 2016 2017 2018 30.06.20 19 30.09.20 19 Lea s i ng penetra ti on 5,8% 5,5% 4,7% 5,0% 4,8% 2,5% 2014 2015 2016 2017 2018 30.06.20 19 Penetration: L
Slide 7: Leasing Volume
Leasing Sector Investor Presentation 7 Leasing Volume Million USD -16,7% 9,3% 7.637 -3,7% 6.990 30,4% 6.365 1,0% 14% 28% 6.194 6.130 -22,6% 9,6% 5.360 24% 18% 4.891 24% 4.795 18% 2.000 1.669 26% 2011 2012 2013 2014 2015 2016 2017 2018 2019/09 2019 T Leasing Sale & Lease Back Linear (sg %) September
Slide 8: Portfolio Development
Leasing Sector Investor Presentation 8 Portfolio Development Leasi ng Recei vabl es (USD) 13.786 12.699 12.632 12.509 10.895 11.539 9.530 8.499 2012 2013 2014 2015 2016 2017 2018 2019/09 Currency Distribution 77% 74% 75% 75% 77% 78% 72% 72% 26% 28% 28% 25% 25% 23% 23% 22% 2012 2013 2014 2015 2016 20
Slide 9: Profitability
Leasing Sector Investor Presentation 9 Profitability Net Profi t of Sector (Mi l l ion TL) 923 952 917 809 809 526 2014 2015 2016 2017 2018 30.09.20 19 Equity & Leverage 7 14. 00 1 6,2 6 12. 00 1 5,7 5,5 5,2 5 10. 00 1 4,9 4,3 8. 001 4 6. 001 3 4. 001 2 2. 001 1 6.093 6.930 7.801 8.604 9.601 9.444 1
Slide 10: Sector Customer Base and Non Performing Loans
Leasing Sector Investor Presentation 10 Sektör Müşteri Tabanı 60.00 %14 ,0 %12,1 58.00 %11,2 %12 ,0 %10,7 56.00 54.00 %9,0 %10,0 %10 ,0 52.00 50.00 %8,2 %8,0 %6,0 48.00 46.00 %4,0 52.041 56.396 58.373 57.593 53.510 44.149 44.00 %2,0 42.00 40.00 %0,0 2014 2015 2016 2017 2018 09.2019 Sector Total Numb
Slide 11: Company Overview
LEASING SECTOR IN TURKEY COMPANY OVERVIEW LEASING PORTFOLIO FINANCIAL RESULTS
Slide 12: Company Milestones & Shareholders
Company Investor Presentation 12 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 Share Structure(%) Trading Volume Price 140
Slide 13: Organization Chart & Total Staff
Company Investor Presentation 13 Organization Chart & Total Staff Gender FEMALE 50,74% MALE 49,26% Education License 107 Master's Degree 15 High School 9 Associate Degree 4 Primary School 1 September 2019
Slide 14: Branch Network & Employee Base
Company Investor Presentation 14 Branch Network & Employee Base CONFLICT Avcılar Şişli Kartal Kozyatağı Ostim Trabzon 15 Branches Bursa Ankara Kayseri 41 Sales Staff Diyarbakır İzmir Konya 136 Total Staff Gaziantep Antalya Adana September 2019
Slide 15: Leasing Portfolio
LEASING SECTOR IN TURKEY COMPANY OVERVIEW LEASING PORTFOLIO FINANCIAL RESULTS
Slide 16: Consolidated Financial Indicators (30.09.2019)
Lease portfolio Investor Presentation 16 Consolidated Financial Indicators (30.09.2019) 4.9 million TL Leasing portfolio A B C D 233 million USD Transaction Volume 198 47 1.294 Million This is TL a sample Shareholders’ Equity million TL Net text.Profit 7.974 Total Assets million TL September 2019
Slide 17: Sales Channels
Lease portfolio Investor Presentation 17 Sales Channels 30.09.2019 30.09.2018 İŞ BANK DIRECT MARKETING VENDORS İŞ BANK DIRECT MARKETING VENDORS 11% 14% 62% İşbank: 1342 local and 22 foreign branches, largest 64% 27% network among private banks. 22% September 2019
Slide 18: Sectoral & Asset & Geographical Distribution
Lease portfolio Investor Presentation 18 Sectoral & Asset & Geographical Distribution, % Sectoral Distribution 2018 30.Sep.19 25 20 16 15 12 13 13 11 10 8 8 8 7 6 6 4 5 4 3 2 3 2 CONSTRUCT METAL IND. TEXTILE TRANSPORT RETAIL CHEMICALS FINANC E ENERGY MINING HEALTHCARE OTHER Geographical Distribution
Slide 19: Funding Structure
Borrowing Investor Presentation 19 Funding Structure Efficient hedging Strong strategy against relationsips with Efficient use of maturity, interest both domestic capital market rate and FX risk and international instruments by diversifying banks liabilities. Allocation of Usage of special loan alte
Slide 20: Financial Results
LEASING SECTOR IN TURKEY COMPANY OVERVIEW LEASING PORTFOLIO FINANCIAL RESULTS
Slide 21: Financial Highlights
Financial Perfomance Investor Presentation 21 Financial Highlights TL Million, consolidated 2015 2016 2017 2018 30.09.2019 Δ Leasing Receivables, Net 3.287 4.001 4.701 5.435 4.891 -10,0% Factoring Receivables, Net 1.951 2.986 4.207 2.725 2.415 -11,4% Non Performing Receivables 183 231 266 297 583 95
Slide 22: Solo Key Figures
Financial Perfomance Investor Presentation 22 Solo Key Figures (Million TL) 2017 2018 30.09.20119 Δ 2017 2018 30.09.20119 Δ Financial Highlights İş Sector Leasing Receivables 4.617 5.331 4.747 -11% 51.990 60.707 48.099 -21% Total Assets 5.069 5.965 5.545 -7% 58.053 68.506 59.663 -13% Equity 840 903
Slide 23: Leverage and NPL
Financial Perfomance Investor Presentation 23 Leverage 5,6 5,0 5,0 4,6 4,0 4,3 2014 2015 2016 2017 2018 30.09.2019 NPL 7,2 3,9 4,3 5,0 4,6 4,8 2014 2015 2016 2017 2018 30.09.2019 September 2019
Slide 24: NPL
Financial Perfomance Investor Presentation 24 NPL Sector NPL % İş Leasing NPL% 9,0% 8,5% 8,0% 7,2% 7,0% 6,7% 7,6% 6,3% 7,0% 6,0% 7,2% 5,5% 4,8% 4,6% 4,7% 4,6% 4,8% 4,3% 2011 2012 2013 2014 2015 2016 2017 2018 09.2019 September 2019
Slide 25: Rating
Financial Perfomance Investor Presentation 25 Rating Fore ign-Curre ncy Long-Term B+ Short-Term B Outlook Negative Local-Curre ncy Long-Term B+ Short-Term B Outlook Negative National Long-Term A+(tur) Outlook Stable Support Rating 4 Corporate Governance Rating (Saha-2016) : 9.17 September 2019
Slide 26: Disclaimer Statement
Investor Presentation 26 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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