Turkiye Sinai Kalkinma Bankasi A.s. · BIST:TSKB

Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — Q3 2010 Earnings Presentation

22 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, 2010

  1. Slide 1: Investor Presentation 3Q2010 BRSA Results

    Created with a trial version of Syncfusion Essential PDF Sixty years of sustainable rythm in the Turkish economyy Investor Presentation 3Q2010‐ BRSA Results

  2. Slide 2: TSKB @ a Glance

    TSKB @ a Glance Ownership TSKB Credit Ratings (Jan 2010) Fitch LTFC BB+ 42% İs Bank 50.1% Vakif Bank Moody’s LTFC Ba3 Free Float Corporate Governance Rating 8% % SAHA 8.92/10 Main Subsidiaries Yatırım Finansman Securities İ Leasing İş ™ Established in 1950 96% 29% ™ Largest private investment & deve

  3. Slide 3: Financial Highlights

    Financial Highlights Assets Liabilities ™ ROE : 20.1% Long Term ™ NPL : 0.6% Long Term Funds Loans ((FX)) ™ CAR : 25.6% % (FX) 10 y 60% 5y 57% Financial Summary y (USD mln) Assets 4,820 Repo Liquid (TRY) Assets % 16% Loans 2,753 (TRY) 30% Equity 826 Net Income 116 Paid‐in Capital 700 mln TRY Free Ca

  4. Slide 4: Banking Sector vs TSKB

    Banking Sector vs TSKB 3Q 2010 3Q­2010 Banking Sector TSKB Development & Investment Banking Group CAR 19.3% 25.6% Number of Banks: 13 Loan/assets 51.6% 57.1% NPL 4.3% 0.6% St t Banks: State B k 3 Cost to income 40.1% 16.2% Private Turkish Banks: 6 NIM % 4.5% 4.4% % Foreign g Banks: 4 ROAE 18.4% 20.1

  5. Slide 5: Business Lines

    MAIN BUSINESS LINES Business Lines Corporate Banking Investment Banking Treasury Key Subsidiaries Corporate Loans Corporate Yatırım Finansman Finance ALM Securities Apex Banking Brokerage Fixed Income TSKB REIT Project Finance Asset Spot&Derivative TSKB Real Estate Management Trading Appraisal Trade

  6. Slide 6: Corporate Loans

    Corporate Loans Corporate Lending and SME Loans Specific funds to finance investment projects of mainly mid size SMEs operating in the manufacturing industry, agricultural industry, construction, tourism and d services sectors. Specific funds to promote Renewable Energy and Energy efficiency . Over

  7. Slide 7: Project Finance

    Project Finance Energy ™ Renewable energy investments reached USD 4.5 bn,, of which USD 1.4 bn is underwritten by y TSKB. ™ 90 projects with total installed capacity of 2 623 MW in 2,623 i Hydro, H d Wind, Wi d Geothermal G th l and d Biomass. 15.5% Market share in ™ 46 off these th projects j t are

  8. Slide 8: Apex Banking

    Apex Banking ™ 18% of lendingg through g APEX scheme ™ Placed through 22 i t intermediary di fi financial i l institutions 10 Commercial 12 Leasing ™ USD 1.19 bn APEX funds Banks Companies ™ Reached 1,139 SMEs SMEs & Exporters 8 TSKB @ a Glance | Banking Sector | Business Lines | Financials

  9. Slide 9: Long term Funding

    Long term Funding L d Lenders Outstanding Funding Base European Investment Bank (EIB) USD mn World Bank (IBRD) 2,848 2,899 Council of Europe Development Bank (CEB) 2 513 2,513 2,036 1,670 1,293 Japan Bank for Int’l Cooperation (JBIC) 640 312 368 413 94 194 Kreditanstalt für Wiederaufbau (KfW) 2005 2

  10. Slide 10: Long term Funding

    Long term Funding M ltil t l Funding Multilateral F di Agreements A t (p.a.) ( ) 1,039 93% USD mn 549 472 ™ Long term funding through 279 multinationals within the scope 145 of country assistance programs ™ Average Maturity: 10 years 2005 2006 2007 2008 2009 ™ 93 % of long terms funds Outstanding Fu

  11. Slide 11: Corporate Finance

    Corporate Finance M&A Continues Continues Continues Continues ™ Impressive track record of M&A buy‐side and sell‐ Sümer Holding Subsidiaries AYEDAŞ, Akdeniz Edaş Aroma Su Motorways and Bridges side mandates in numerous industrial,, commercial Aksa Enerji Aroma TAGAS&Beslen and infrastructure project

  12. Slide 12: Asset Management & Brokerage

    Asset Management & Brokerage Brokerage Investment Advisory and brokerage services to private & institutional customers in equity, fixed income, FX and derivative products TSKB Trading T di Pl Platform f (TTP) and d two b branches h to enhance h secondary d market activities Asset Management Private

  13. Slide 13: Composition of Assets

    Composition of Assets TRY mln 6,209 6,654 6,905 7,001 ™ Loan/Asset ratio is 57%. 31% 39% 38% Liquid ™ 64% of assets are FX 38% Assets denominated. Loans 63% ™ 71% of liquid assets are TRY 57% 57% 57% government bonds. Others ™ Other assets are subsidiaries 6% 5% 5% 4% and tangible assets. 2008 3Q­09

  14. Slide 14: Loans

    Loans USD, €/$ Basket mln ™ 97% foreign currency denominated 2,753 2,642 ™ No currency mismatch 2,580 8% 2,537 2,335 ™ 48% in EUROs , 49% in USDs 2,163 ™ 5 years of average maturity 2,128 2,061 2008 3Q‐09 2009 3Q‐10 ™ 0.6% NPL Ratio Loans (USD) Loans (€/$ Basket) Loans by Type Loans by Sector Apex 1

  15. Slide 15: Securities Portfolio

    Securities Portfolio TRY FX ($) 324 327 319 TRY portion 303 1977 1,943 1,934 81% 1,315 2008 3Q­09 2009 3Q­10 2009 3Q­10 FX FX Floating Floating ™ Duration is 1y in TRY Fixed, 5% TRY TRY 2% 3.2y in FRN’s. TRY Fixed Fixed Floating TRY 33% 43% 31% Floating ™ FX po portfolio t o o co consists s sts main

  16. Slide 16: Liabilities

    Liabilities TRY mln 4.195 6,209 3.989 6,654 4.612 6,905 4.657 7,001 13.0% 16.0% Repo 17.7% 18.6% Long Term ™ Total FX borrowings: Funds USD 3.9 bn 68.4% 58.9% 60.1% 61.8% ™ Equity increased by Other 15% ™ Leverage ratio 8 5% 8.5% 6 7% 6.7% 6.5% 4.6% 5.8X Equity 15.0% 15.1% 17.1% 12.1% 2008 3Q 09 3Q­

  17. Slide 17: Shareholder's Equity

    Shareholder’s Equity Capital Adequacy Ratio TRY mln 15% 1 200 1,200 24% 25% 25.6% 996 1,041 21% 750 23% 21% 22% 20% 2008 3Q­09 2009 3Q­10 2008 3Q­09 2009 3Q­10 CAR Tier 1 Equity q y Movement Free Capital Ratio 1,200 169 13.2% 1,041 ­34 24 10.9% 11.0% 8.5% q y as of Equity Cash Dividend MTM Gains q y

  18. Slide 18: Income Breakdown

    Income Breakdown (TRY mln) 3Q­09 3Q­10 Change Banking Income Adj. Net Interest Income 184.1 218.3 19% Net Commissions 5.4 8.9 64% Dividend Income 19.0 22.7 20% 19% YoY Other O Oth Operating ti Income 11.6 11.4 ‐2% Net Banking Income 220.1 261.3 19% Personnel Expenses 22.4 24.3 8% Adm. Expenses 9.4 1

  19. Slide 19: Income Breakdown

    Income Breakdown Net Income Income Breakdown 27% 169 133 85% 84% 86% 84% Interest Income Other Dividend Income Commissions 3Q‐09 3Q‐10 2008 3Q‐09 2009 3Q‐10 Net Interest Income Breakdown Commissions Income Breakdown 30% 27% 24% 34% Brokerage 54% 50% 22% 61% 60% 15% Liquid 14% 13% Fund Mng. Assets 16

  20. Slide 20: Key Performance Indicators

    Key Performance Indicators ROAE 30.0% ROAA 20 3% 20.3% 4.0% 19.5% 20.1% 20.0% 3.2% 16.0% 3.0% 2.8% 2.7% 2.1% 10 0% 10.0% 2.0% 1.0% 0.0% 2008 3Q­09 2009 3Q­10 2008 3Q 09 3Q­09 2009 3Q 10 3Q­10 Cost to Income 24 0% 24.0% 20.4% 20.0% 17.9% 16.8% 16.2% 16.0% 12.0% 8.0% 4.0% 0.0% 2008 3Q­09 2009 3Q­10 20

  21. Slide 21: Net Interest Margin

    Net Interest Margin Quarterly NIM 4.8% Cumulative NIM 4.4% 4.4% 4.5% 4.3% 4.1% 4.2% 4.1% 4.1% 4.2% 2Q­09 3Q­09 4Q­09 1Q­10 2Q­10 3Q­10 2008 3Q­09 2009 3Q­10 Spread 3.0% 2.8% 2 6% 2.6% 2.5% 2.3% 2.3% 2.0% 1.5% 1 0% 1.0% 2007 2008 2009 3Q­10 21 TSKB @ a Glance | Banking Sector | Business Lines | Finan

  22. Slide 22: Contact Us

    Contact Us Investor Relations Financial Institutions Meclisi Mebusan Caddesi No: 81 Meclisi Mebusan Caddesi No: 81 Fındıklı 34427 Istanbul – Turkey Fındıklı 34427 Istanbul – Turkey Email: ir@tskb.com.tr Email: fi@tskb.com.tr Tel: +90 (212) 334 5124‐5194 Tel: +90 (212) 334 5126 Fax: +90 (212) 334 523

Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — Q3 2010 Earnings Presentation on 6ix