Turkiye Sinai Kalkinma Bankasi A.s. · BIST:TSKB
Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — Q1 2015 Earnings Presentation
23 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, May 2015
Slide 1: Investor Presentation 1Q2015 – BRSA Bank only Results
Created with a trial version of Syncfusion Essential PDF Investor Presentation 1Q2015 –BRSA Bank only Results
Slide 2: TSKB @ a Glance
TSKB @ a Glance Ownership Structure First and only Private Development Bank in Turkey TRY 17.3 bn asset size Free Float and Others 330 employees, 2 branches İş Bank 41.62% 50.00% 21st bank in terms of Asset size 3.8% market share in LTFC corporate loans TRY 3.2 bn MCAP* 60% of free flo
Slide 3: Main Strengths
Main Strengths One of the leading Turkish Low cost / long-term loans development and investment guaranteed by the Turkish Treasury banks with an 25% market share comprise c. 63% of total funding in its peer group Strong supportive long-term Prudent balance sheet structure majority shareholder İşbank
Slide 4: Principal activities in support of mission
Principal activities in support of mission Products and Services of the Group Corporate Banking Investment Banking Advisory Services Direct loan financing for industrial investments, energy and resource Managing own securities portfolio and Strategic Consultancy, LT partnership to efficiency,
Slide 5: Sustainability is core to our activities
Sustainability is core to our activities Financing for renewable energy projects Support for low carbon Support for employment economics Sustainable banking for Turkey’s sustainable growth Environmental risk evaluation Energy and resource for all investment projects efficiency in production Responsi
Slide 6: Internal and External Environmental Impacts
Internal and External Environmental Impacts • 2014-1 Electricity consumption has been nearly equal to that of 2013-1. • 2014-1 Natural gas consumption has been decreased with respect to 2013-1 7 % • 2014-1 Water consumption has been decreased with respect to 2013-1 17 % • 2014-1 Paper consumptio
Slide 7: Financial Highlights
Financial Highlights Sustainable Profitability & Net Interest Margin TRY mn 104.9 92.0 93.7 89.3 94.2 1Q-2015 profit TRY 94 mn, 16% higher than 4Q-2014 84.7 81.5 81.3 67.9 4.9% 4.7% 4.5% 4.4% Slightly higher than 1Q-2014 4.3% 4.1% 3.9% 3.9% RoE @ 16.6%, 5-years average @ 18% 3.6% NIM@ 3.6%
Slide 8: Banking Sector vs TSKB
Banking Sector vs TSKB CAR Loans/Assets NPL 2.8% 69.5% 15.8% 62.7% 15.5% 0.5% Banking Sector TSKB Banking Sector TSKB Banking Sector TSKB Cost to Income NIM ROE 43.5% 16.6% 4.1% 11.4% 3.6% 13.8% Banking Sector TSKB Banking Sector TSKB Banking Sector TSKB Long Term Deposits; TSKB Funds Banking Sector
Slide 9: Asset Composition
Asset Composition TRY Growth (FX adjusted) 17,277 FX (USD) 15,701 Total (TRY) 12,911 YoY QoQ Loans 14.5% 2.3% 5,582 4,611 4,414 4,590 4,848 Securities &Other IEAs 49.0% 8.2% 4,145 Total Assets 22.2% 4.1% FX Assets 16.7% 5.0% 2013 2014 1Q-2015 TRY Assets 34.9% -0.5% 2014 1Q-15 FX / Total Assets 70.6%
Slide 10: Liabilities Composition
Liabilities Composition TRY 17,277 FX (USD) 15,701 Growth (FX Adjusted) Total (TRY) 12,911 YoY QoQ 6,301 Funding 19.9% 5.0% 5,664 4,099 4,434 4,731 4,848 Equity 19.8% -1.7% FX Liabilities 20.1% 4.9% 2013 2014 1Q-2015 TRY Liabilities 30.2% 3.1% 2014 1Q-2015 FX / Total Liabilities 70.8% 72.6% 1Q-2015
Slide 11: Funding Structure
Funding Structure 5,628 5,604 USD mn 5,055 1,008 968 Total Funding: 865 361 USD 5,604 mn 353 Repo 357 385 425 FX Securities Issued Syndication & P/N etc. 77% of the Total Funding is Long Term Unguaranteed LT Funding 3,673 3,672 3,527 Guaranteed LT Funding FX Short term funding: 10% (including syndic
Slide 12: Long Term DFI Funding
Long Term DFI Funding Outstanding Funding Base Yearly Multilateral Funding Agreements USD mn IBRD 39% EIB 28% IDB 8% KFW 8% CEB 7% IFC 5% 1,039 960 AFD 3% 89% of DFI Funding 660 660 EBRD guaranteed by 463 1% Turkish Treasury 260 OEB 0% 121 CITI 0% 2009 2010 2011 2012 2013 2014 2015 DFI Funding - 201
Slide 13: Shareholders' Equity
Shareholders’ Equity Equity Capital Adequacy Ratio 18.2% 18.1% TRY mn CAR 17.2% 15.8% 2,288 Tier I 2,249 1,885 1,877 16.9% 15.9% 17.0% 14.8% 2013 1Q-2014 2014 1Q-2015 2013 1Q-2014 2014 1Q-2015 Equity Movement Risk Weighted Assets TRY mn TRY mn Credit Risk Operational Risk Market Risk -80 -53 94 2,24
Slide 14: Loan Portfolio
Loan Portfolio Loans by Sector Loans by Type 67% Investment Loans Electricity Production 34% Electricity/Gas Distribution 9% 26% Working Capital Loans Finance 12% Non-residential Real Estate 5% 7% APEX Tourism 7% Logistics 6% Loan Portfolio (mn USD) FX Aje growth of 2.3% Metal and Machinery 5%
Slide 15: Robust Asset Quality
Robust Asset Quality NPL Ratio TRY mn 159 164 154 147 134 123 0.6% 0.5% 0.5% 60 0.4% 0.4% 36 18 16 16 17 0.2% 0.2% 2009 2010 2011 2012 2013 2014 1Q-2015 4Q-13 1Q-14 2Q-14 3Q-14 4Q-14 1Q-15 Group II Loans NPL * Average NPL ratio for last 5 years is 0.5% TRY mn 4Q-13 1Q-14 2Q-14 3Q-14 4Q-14 1Q-15 125
Slide 16: Securities Portfolio
Securities Portfolio TRY mn By maturity Duration is 2.6 yrs in Fixed & Floating 240 333 < 1 Year 1<5 5<10 >10 bonds, 6.6 yrs in CPIs. 177 FX($) 170 100% is in AFS portfolio. 4% 11% 25% of TRY portfolio funded by repo % 77 2,929 2,823 2,547 Private sector bonds: 12% of total TRY 2,310 34% por
Slide 17: Income Statement
Income Statement (TRY mn) 1Q-2014 1Q-2015 YoY Change Adj. Net Interest Income 135.2 135.9 0.5% Net Commisions 2.2 1.9 -12.4% Dividend Income 9.1 13.4 47.2% Other Operating Income 21.5 16.1 -25.1% Net Banking Income 168.0 167.4 -0.4% Personnel Expenses 13.7 15.7 14.8% Adm. Expenses 4.5 5.0 11.2% Othe
Slide 18: Income Breakdown
Income Breakdown Net Interest Income Breakdown Portion of Banking Income Net Interest Income Loans 63% 70% 61% 58% 2013 90.5% Liquid Assets 2014 89.3% 37% 30% 39% 42% 1Q-2015 81.1% 2013 1Q-2014 2014 1Q-2015 Commission Income Breakdown-Gross TRY mn 2.4 Net Commissions 12.4 12.1 2.4 3% 6% 2013 2.2% Br
Slide 19: Net Interest Margin
Net Interest Margin Annual NIM Quarterly NIM 4.9% 4.3% 4.4% 4.6% 4.5% 4.2% 4.4% 3.6% 4.3% 4.1% 3.9% 3.9% 3.6% 1Q-13 2Q-13 3Q-13 4Q-13 1Q-14 2Q-14 3Q-14 4Q-14 1Q-15 2013 1Q-2014 2014 1Q-2015 NIM Evolution Cumulative NIM Evolution Quarterly 417 -17 -21 13 -17 -33 386 -39 9 -11 -8 355 14 355 YE-2014 Eu
Slide 20: Key Performance Indicators
Key Performance Indicators ROE Core-ROE ROAA Cost to Income 18.0% 19.9%19.8% 17.9%18.6% 17.7%18.2% 14.0% 13.8% 16.6%17.3% 12.9% 2.8% 2.9% 2.6% 2.3% 2013 1Q-2014 2014 1Q-2015 2013 1Q-2014 2014 1Q-2015 2013 1Q-2014 2014* 1Q-2015 *14.1% exclduing one-off Free Capital Interest Income/AIEA Interest Expen
Slide 21: Quarterly Income Breakdown
Quarterly Income Breakdown (TRY mn) 1Q-2014 2Q-2014 3Q-2014 4Q-2014 1Q-2015 Change QoQ Change YoY Adj. Net Interest Income 135 156 131 137 136 -1.1% 0.5% Net Commisions 2 3 2 4 2 -51.7% -12.4% Dividend Income 9 4 11 1 13 1179.9% 47.2% Other Operating Income 22 7 1 1 16 1147.6% -25.1% Net Banking Inc
Slide 22: Balance Sheet
Balance Sheet 31/03/2014 31/12/2014 31/03/2015 (TRY mn) TRY FX TOTAL TRY FX TOTAL TRY FX TOTAL Cash and Banks 21 369 389 159 576 735 199 770 970 Securities 2,310 365 2,675 2,929 553 3,482 2,823 861 3,684 Loans 692 8,929 9,621 1,080 9,901 10,981 1,090 10,915 12,005 Subsidiaries 289 3 292 322 6 328 31
Slide 23: TSKB Investor Relations
TSKB Investor Relations ir@tskb.com.tr | www.tskb.com
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