Albaraka Turk Katilim Bankasi A.s. · BIST:ALBRK

Albaraka Turk Katilim Bankasi A.s — Albaraka Türk Katılım Bankası A.Ş. — Q1 2022 Earnings Presentation

40 slides from Albaraka Turk Katilim Bankasi A.s's earnings presentation, May 18, 2022

  1. Slide 1: Q1’2022 Investor Presentation

    Q1’2022 Investor Presentation Albaraka Türk Participation Bank 18 May 2022

  2. Slide 2: Agenda

    Agenda 1 Financial Highlights 2 Market Comparison 3 Appendix

  3. Slide 3: Albaraka Turk – Q1’22 At a Glance

    3 3 Albaraka Turk – Q1’22 At a Glance Balance Sheet Key Ratios (Million TRL) Q4’21 Q1’22 YtD(%) % Q4’21 Q1’22 YtD (bps) Total Assets 108.955 117.846 8,2 Total Funded Credits (Net) 56.937 61.560 8,1 CAR 14,90 13,64 -126 Total NPLs 3.783 4.366 15,4 Deposits (incl. Interbank) 91.237 98.903 8,4 Tier 1 9

  4. Slide 4: Q1’22 Main Highlights (Million TRL)

    6 4 Q1’22 Main Highlights (Million TRL) Total Assets Total Funded Credits Total Collected Funds Equity 117.846 108.955 4.627 4.812 98.903 91.237 4.091 4.091 4.061 83.732 79.049 74.658 66.738 61.706 61.560 55.929 56.937 46.081 46.833 43.317 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22

  5. Slide 5: Asset Composition

    57 5 Asset Composition Composition of Total Assets (Q1’22) Liquid Assets (Million TRL) Other Assets; Liquid Assets % of Total Assets 2,6% 37,5% 37,0% 33,6% 34,7% 31,8% Funded Cash and Cash Credits; Equivalents; 52,2% 28,5% 25.050 25.103 29.035 40.872 43.460 Securities Portfolio; Q1'21 Q2'21 Q3'21 Q4

  6. Slide 6: Operation Performance Breakdown

    66 6 Operation Performance Breakdown Key Movements in Income (Million TRL) Net Profit Share Income (Quarterly, Million) 754 673 97 63 811 749 3.052 1.465 335 351 259 Q1'21 Profit Share Fees & Trading Others Q1'22 Income Comm Income Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Net Fees and Commission Income (Quarte

  7. Slide 7: Funded Credits Portfolio

    7 7 Funded Credits Portfolio Total Funded Credits (including financial leasing, billion) +25% -4% 33,4 32,0 29,6 23,6 23,8 24,3 21,6 22,3 22,5 21,8 -13% 2,7 2,8 2,7 2,5 2,2 FC - TRY FC - USD* LC - TRY *FX indexed credits are included in FC credits. Mar’21 June’21 Sep’21 Dec’21 Mar’22 Composition of

  8. Slide 8: Asset Quality

    8 8 Asset Quality Gross Funded Credits by Groups (including financial leasing, million) Yield on Performing Credits (%) 16,5% 17,1% 65.498 60.125 15,0% 48.867 6,7% 13,6% 14,2% 45.150 48.054 6,3% 10,3% 5,7% 9,6% 4,7% 4,9% 9,7% 7,6% 6,4% 8,9% 9,0% 9,6% 7,8% 8,8% 84,2% 83,0% 4,9% 4,7% 87,8% 88,0% 4,1%

  9. Slide 9: Asset Quality

    9 9 Asset Quality NPL Ratio (%) NPL Sector Distribution (Q1’22) 6,29 6,37 5,65 10,4% 6,8% 4,91 14,2% 4,1% 4,65 10,9% 19,5% 1,95 1,79 2,05 1,87 1,98 7,6% 26,5% Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Construction & Real Estate Manufacturing NPL Ratio Net NPL Ratio Energy Trading Mining & Quarrying Transportati

  10. Slide 10: Funding Profile

    10 10 Funding Profile Composition of Total Liabilities (Q1’22,%) Composition of Funding Base (Million TRL) 3,8 59,9% 4,1 Funds Collected 108.600 8,2 100.616 Wholesale Funding 72.177 76.409 49% 67.903 45% Shareholders' Equity 49% 50% 47% 83,9 Others 46% 42% 35% 36% 38% 18% 15% 13% 9% 9% (Million TRL)

  11. Slide 11: Funding Profile (Collected Funds)

    11 Funding Profile (Collected Funds) Total Funds Collected (Million TRL) Currency Composition of Funds Collected (Q1’22,%) Q4’21 Q1’22 YtD 0,6 Funds Collected 91.237 98.903 8,4% TRL 46.282 45.552 -1,6% 10,0 Current Accounts 31,2 USD Current Accounts TL 7.715 7.779 0,8% 14,8 Current Accounts, FC, $ 2

  12. Slide 12: Off Balance Sheet Growth

    12 12 Off Balance Sheet Growth Off Balance Sheet Composition (%) LGs-to-Total Assets LG LC Others 27.737 25.594 12,9% 12,9% 21.321 12,6% 20.509 20.711 37,7% 29,3% 35,8% 34,7% 40,4% 18,8% 17,7% 11,4% 11,3% 15,0% 15,7% 12,6% 44,6% 51,9% 47,0% 49,2% 49,6% Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q1'21 Q2'21 Q3'21

  13. Slide 13: Income- Cost Dynamics

    13 14 13 Income- Cost Dynamics Yearly Notes (Million TRL) Q1’21 Q1’22 % With the effect of the FX protected deposit account, TL liquidity increased, thus profit share income increased with new Net Profit Share Income 259 811 212,9 disbursements. In this period, the increase in profit share expenses

  14. Slide 14: Agenda

    Agenda 1 Financial Highlights 2 Market Comparison 3 Appendix

  15. Slide 15: Financial Ratios - Sector Comparison

    15 15 Financial Ratios - Sector Comparison Percent (%) Q4’21 Q1’22 Participation Banking Participation Banking Albaraka Türk Albaraka Türk Banks Sector Banks Sector CAR 14,90 18,91 18,34 13,64 20,58 20,38 NPL Ratio 6,29 2,93 3,09 6,67 2,62 2,80 Provisioning Ratio (Stage 3) 70,26 87,90 79,66 70,36 87

  16. Slide 16: Agenda

    Agenda 1 Financial Highlights 2 Market Comparison 3 Appendix

  17. Slide 17: Summary Balance Sheet

    17 17 Summary Balance Sheet (Million TRL) Q4’21 Q1’22 Growth (%) Cash and Balances with Central Bank 26.499 27.484 3,7 Banks 5.296 6.178 16,7 Financial Assets 17.238 19.673 14,1 Funded Credits 56.937 61.560 8,1 Cash Credits 55.522 60.228 8,5 NPL 3.783 4.366 15,4 Provisions (Stage III) 2.658 3.072 15

  18. Slide 18: Summary Income Statement

    18 18 Summary Income Statement (Million TRL) Q1’21 Q1’22 Growth (%) Profit Share Income 1.040 1.794 72,5 Profit Share Expense 781 984 26,0 Net Profit Share Income 259 811 212 Net Fees and Commissions Income 78 159 104 Fees and Commissions Received 119 215 81,4 Fees and Commissions Paid 41 57 39,4 Ne

  19. Slide 19: Thank You

    alBaraka'O THANK YOU

  20. 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

  21. Slide 21: Q1’2022 Investor Presentation

    Q1’2022 Investor Presentation Albaraka Türk Participation Bank 18 May 2022

  22. Slide 22: Agenda

    Agenda 1 Financial Highlights 2 Market Comparison 3 Appendix

  23. Slide 23: Albaraka Turk – Q1’22 At a Glance

    3 3 Albaraka Turk – Q1’22 At a Glance Balance Sheet Key Ratios (Million TRL) Q4’21 Q1’22 YtD(%) % Q4’21 Q1’22 YtD (bps) Total Assets 108.955 117.846 8,2 Total Funded Credits (Net) 56.937 61.560 8,1 CAR 14,90 13,64 -126 Total NPLs 3.783 4.366 15,4 Deposits (incl. Interbank) 91.237 98.903 8,4 Tier 1 9

  24. Slide 24: Q1’22 Main Highlights (Million TRL)

    6 4 Q1’22 Main Highlights (Million TRL) Total Assets Total Funded Credits Total Collected Funds Equity 117.846 108.955 4.627 4.812 98.903 91.237 4.091 4.091 4.061 83.732 79.049 74.658 66.738 61.706 61.560 55.929 56.937 46.081 46.833 43.317 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22

  25. Slide 25: Asset Composition

    57 5 Asset Composition Composition of Total Assets (Q1’22) Liquid Assets (Million TRL) Other Assets; Liquid Assets % of Total Assets 2,6% 37,5% 37,0% 33,6% 34,7% 31,8% Funded Cash and Cash Credits; Equivalents; 52,2% 28,5% 25.050 25.103 29.035 40.872 43.460 Securities Portfolio; Q1'21 Q2'21 Q3'21 Q4

  26. Slide 26: Operation Performance Breakdown

    66 6 Operation Performance Breakdown Key Movements in Income (Million TRL) Net Profit Share Income (Quarterly, Million) 754 673 97 63 811 749 3.052 1.465 335 351 259 Q1'21 Profit Share Fees & Trading Others Q1'22 Income Comm Income Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Net Fees and Commission Income (Quarte

  27. Slide 27: Funded Credits Portfolio

    7 7 Funded Credits Portfolio Total Funded Credits (including financial leasing, billion) +25% -4% 33,4 32,0 29,6 23,6 23,8 24,3 21,6 22,3 22,5 21,8 -13% 2,7 2,8 2,7 2,5 2,2 FC - TRY FC - USD* LC - TRY *FX indexed credits are included in FC credits. Mar’21 June’21 Sep’21 Dec’21 Mar’22 Composition of

  28. Slide 28: Asset Quality

    8 8 Asset Quality Gross Funded Credits by Groups (including financial leasing, million) Yield on Performing Credits (%) 16,5% 17,1% 65.498 60.125 15,0% 48.867 6,7% 13,6% 14,2% 45.150 48.054 6,3% 10,3% 5,7% 9,6% 4,7% 4,9% 9,7% 7,6% 6,4% 8,9% 9,0% 9,6% 7,8% 8,8% 84,2% 83,0% 4,9% 4,7% 87,8% 88,0% 4,1%

  29. Slide 29: Asset Quality

    9 9 Asset Quality NPL Ratio (%) NPL Sector Distribution (Q1’22) 6,29 6,37 5,65 10,4% 6,8% 4,91 14,2% 4,1% 4,65 10,9% 19,5% 1,95 1,79 2,05 1,87 1,98 7,6% 26,5% Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Construction & Real Estate Manufacturing NPL Ratio Net NPL Ratio Energy Trading Mining & Quarrying Transportati

  30. Slide 30: Funding Profile

    10 10 Funding Profile Composition of Total Liabilities (Q1’22,%) Composition of Funding Base (Million TRL) 3,8 59,9% 4,1 Funds Collected 108.600 8,2 100.616 Wholesale Funding 72.177 76.409 49% 67.903 45% Shareholders' Equity 49% 50% 47% 83,9 Others 46% 42% 35% 36% 38% 18% 15% 13% 9% 9% (Million TRL)

  31. Slide 31: Funding Profile (Collected Funds)

    11 Funding Profile (Collected Funds) Total Funds Collected (Million TRL) Currency Composition of Funds Collected (Q1’22,%) Q4’21 Q1’22 YtD 0,6 Funds Collected 91.237 98.903 8,4% TRL 46.282 45.552 -1,6% 10,0 Current Accounts 31,2 USD Current Accounts TL 7.715 7.779 0,8% 14,8 Current Accounts, FC, $ 2

  32. Slide 32: Off Balance Sheet Growth

    12 12 Off Balance Sheet Growth Off Balance Sheet Composition (%) LGs-to-Total Assets LG LC Others 27.737 25.594 12,9% 12,9% 21.321 12,6% 20.509 20.711 37,7% 29,3% 35,8% 34,7% 40,4% 18,8% 17,7% 11,4% 11,3% 15,0% 15,7% 12,6% 44,6% 51,9% 47,0% 49,2% 49,6% Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q1'21 Q2'21 Q3'21

  33. Slide 33: Income- Cost Dynamics

    13 14 13 Income- Cost Dynamics Yearly Notes (Million TRL) Q1’21 Q1’22 % With the effect of the FX protected deposit account, TL liquidity increased, thus profit share income increased with new Net Profit Share Income 259 811 212,9 disbursements. In this period, the increase in profit share expenses

  34. Slide 34: Agenda

    Agenda 1 Financial Highlights 2 Market Comparison 3 Appendix

  35. Slide 35: Financial Ratios - Sector Comparison

    15 15 Financial Ratios - Sector Comparison Percent (%) Q4’21 Q1’22 Participation Banking Participation Banking Albaraka Türk Albaraka Türk Banks Sector Banks Sector CAR 14,90 18,91 18,34 13,64 20,58 20,38 NPL Ratio 6,29 2,93 3,09 6,67 2,62 2,80 Provisioning Ratio (Stage 3) 70,26 87,90 79,66 70,36 87

  36. Slide 36: Agenda

    Agenda 1 Financial Highlights 2 Market Comparison 3 Appendix

  37. Slide 37: Summary Balance Sheet

    17 17 Summary Balance Sheet (Million TRL) Q4’21 Q1’22 Growth (%) Cash and Balances with Central Bank 26.499 27.484 3,7 Banks 5.296 6.178 16,7 Financial Assets 17.238 19.673 14,1 Funded Credits 56.937 61.560 8,1 Cash Credits 55.522 60.228 8,5 NPL 3.783 4.366 15,4 Provisions (Stage III) 2.658 3.072 15

  38. Slide 38: Summary Income Statement

    18 18 Summary Income Statement (Million TRL) Q1’21 Q1’22 Growth (%) Profit Share Income 1.040 1.794 72,5 Profit Share Expense 781 984 26,0 Net Profit Share Income 259 811 212 Net Fees and Commissions Income 78 159 104 Fees and Commissions Received 119 215 81,4 Fees and Commissions Paid 41 57 39,4 Ne

  39. Slide 39: Thank You

    alBaraka'O THANK YOU

  40. Slide 40: 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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