Turkiye Sinai Kalkinma Bankasi A.s. · BIST:TSKB
Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — FY2008 Earnings Presentation
35 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, 2009
Slide 1: 2008 BRSA Results Investor Presentation
Created with a trial version of Syncfusion Essential PDF 2008 BRSA RESULTS INVESTOR PRESENTATION 1 1
Slide 2: Banking Sector
BANKING SECTOR BANKING SECTOR vs TSKB TSKB 2 2
Slide 3: Banking Sector
Banking Sector Loan /Deposit 3.9% NPL Ratio 3.8% 86.0% 3.7% 84 0% 84.0% 3 5% 3.5% 82.0% 3.3% 80.0% 78.3% 3.1% 78 0% 78.0% 2.9% 29.08.2008 26.09.2008 24.10.2008 21.11.2008 19.12.2008 16.01.2009 29.08.200826.09.200824.10.200821.11.200819.12.200816.01.2009 In contrast to 2001 crisis, crisis banking s
Slide 4: Banking Sector
Banking Sector 2003 2008/09 Number of Banks 50 46 NPL Ratio R ti 12% 3% Corporate Loans/T.Loans 80% 67% ROE (Banking sector) 13% 19% TSKB’s Assets Share %0,65 %0,79 TSKB’s Rank 20 16 4 4
Slide 5: Banking Sector vs TSKB
BANKING SECTOR BANKING SECTOR vs TSKB TSKB 5 5
Slide 6: Strength of TSKB during crisis: Liabilities
Strength of TSKB during crisis LIABILITIES • Sustainable Long-Term Funding Structure * Average A d ti off liliabilites duration bilit iis muchh llonger comparedd to t sector: t Positive P iti duration d ti gap iin liliabilities biliti * TSKB has access to long term funding through multinationals wit
Slide 7: Funding Base Comparison
Funding Base Comparison Banking Sector* TSKB 8% Deposits (TRY) LT-Funding(IBRD, EIB, KFW 12% etc) 12% Repo Bilateral 5% Bilateral 2% S di i Syndication Syndication 2% Securitization 14% Repo 8% Equity 62% 62% Other 4% Other 6% 4% Equity 62% of Liabilities is Deposits 62% of Liabilities is Long-Term
Slide 8: Strength of TSKB during crisis: Assets
Strength of TSKB during crisis ASSETS Loans to total assets ratio: 63%. * Loans are entirely directed to corporates, of which 62% is disbursed to mid-sized SMEs * We are financing exports and investments with Long-Term project financing loans. * Our credit pporfolio’s risk is concentrated on Finance
Slide 9: TSKB
BANKING SECTOR BANKING SECTOR vs TSKB TSKB 9 9
Slide 10: TSKB at a Glance...
TSKB at a Glance... TSKB in Brief Ownership Structure* 9Established in 1950, with the initiation of the World Bank and CBRT. 9 Merged with SYB in 2002. 9 Largest private investment and development bank in Turkey. ** 9 The 16th largest bank in Turkey with US$ 4 billion asset size as off 2008. 9331 em
Slide 11: Rating
Rating BB TSKB’s LTFC ratingg has been upgraded pg 1 notch byy Fitch B1 In 2008, amongst other financial institutions in Turkey, Fitch has only BB upgraded TSKB’s rating 11 11
Slide 12: TSKB: from 2003 to 2008
TSKB: from 2003 to 2008 ( USD) (mn Assets Loans Funds Borrowed 2,926 2,420 4,095 3,2 3.6 times 4 times times 598 909 1,158 2003 2008 2003 2008 2003 2008 Net Profit Equity 78 495 2,6 2,7 times times 29 187 2003 2008 2003 2008 12 12
Slide 13: TSKB: from 2003 to 2008
TSKB: from 2003 to 2008 ( USD) (mn Profit per Employee Loans per Employee 7,267 248 2,7 times 3,6 times 90 1 984 1,984 2003 2008 2003 2008 Cost / Income Ratio 23% 20% 2003 2008 13 13
Slide 14: Sustainable Growth Over the Years
Sustainable Growth Over the Years Total Assets (USD mn) Funds Borrowed (USD mn) 78% of the Long Term 4,195 4,095 Funds borrowed are 3,444 3,505 2,881 guaranteed 2,422 , by the Turkish Treasury. 2006 2007 2008 2006 2007 2008 Total Loans (USD mn) Shareholders’ Equity (USD mn) 2,393 2,562 Loans/Assets
Slide 15: Balance Sheet Composition
Balance Sheet Composition Assets Liabilities 6% 7% 6% 2% 3% 3% 15% 12% 15% 61% 57% 63% 84% 85% 82% 33% 36% 31% 2006 2007 2008 2006 2007 2008 Liquid Assets Loans Others Borrowings Equity Others 15 15
Slide 16: Loans
Loans 861 Million USD loan disbursement in 2008 Total Loan Portfolio 2.562 Million USD Sectoral Breakdown S di ti Syndication Other 52 Finance APEX Corporate 31% 27% 173 418 Metal 5% 21% 218 5% 4% Energy Project Construction Production and Financing Tourism 7% Distribution Transportation & Communica
Slide 17: Renewable Energy Loans
Renewable Energy Loans Electricity Production Totally 11.121 121 m USD loan amount is allocated for 2.255 MW capacity. In this respect 120 projects were analyzed. Natural Gas Pipeline 66 HEPPs – Total 2.133 MW Natural Gas Distribution of 17 regions- 150 mn $ 2 WPPs WPP – Total T t l 53 MW 2 GPPs – T
Slide 18: Apex Banking
Apex Banking 9 Commercial Banks SMEs, producer SMEs s and exporters 11 Leasing ( 800 C Companies i companies) i ) , Through Banks and Leasing Firms 880 Million USD of funds, which are borrowed; * USD 680 mn from f World W ld Bank B k for f Export E Finance t Fi * USD 190 mn from European Investment
Slide 19: Liabilities' Distribution
Liabilities’ Distribution LIABILITIES Total borrowings amounting to 3 Billion 12% USD, with an average maturity of 8,4 years. Equity 26% Short-Term % of total fundings 85% g are long-term. g Funding Long-Term Funding The longest borrowing maturity is 30 years. 62% 19 19
Slide 20: Foreign Fundings
Foreign Fundings Long Term Borrowings from Multilaterals Long-Term (mn,USD) 565 254 2007 2008 Short-Term Borrowings from International Markets 570 274 2007 2008 TSKB’s llong-lasting TSKB’ l ti andd time-honoured ti h d relationships l ti hi andd contracts t t with ith multilaterals ltil t l hash sec
Slide 21: Medium & Long Term Funds by Multilateral Agencies
Medium & Long Term Funds by Multilateral Agencies 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 Développeme
Slide 22: Fundings
Fundings USD 840 mn funds raised (2008) Banks 129 y Syndication IBRD LT funding g agreements g in 2008 300 INSTITUTION LOAN AMOUNT MATURITY 145 IBRD EFIL IV USD 300 28 YRS 75 190 EIB ENVMNT& EUR 150 15 YRS KFW ENERGY EIB KFW ENVMNT& USD 75 12 YRS ENERGY 22 22
Slide 23: Strong Capital Structure
Strong Capital Structure Equity (mn TRY) Capital Adequacy Ratio 738 750 28% 21% 2007 2008 2007 2008 Free Capital Ratio 9.9% 8.5% 2007 2008 23 23
Slide 24: Financial Summary
Financial Summary Income Statement Loan Spread (000 USD) 2007 2008 Change Adj N Adj. Nett IInterest t t IIncome 118 154 118,154 140 894 140,894 19% 2.3 2.3 2.3 Net Commissions 5,920 3,104 -48% Released Provisions 13,154 3,864 -71% Other Operating Income 57,485 18,621 -68% 2006 2007 2008 Net Banking
Slide 25: Financial Summary
Financial Summary Income Statement ((million o TRY)) 2007 00 2008 008 Change C a ge Adj. Net Interest Income 138 214 55% Net Commissions 7 5 -32% Released Provisions 15 6 -62% Other Operating Income 67 28 -58% Net Banking Income 227 253 11% Personnel Expenses 26 31 16% Adm. Expenses 8 13 59% Other O
Slide 26: Financial Highlights
Financial Higlights Ratios Financials 2006 2007 2008 (USD mn) 2006 2007 2008 CAR 32.9 % 27.6 % 21.1 % Assets 2,881 4,195 4,095 Free Capital 9.8 % 9.9 % 8.5 % Liquid Assets 946 1,530 1,279 Cost to 25.7 % 18.9 % 20.5 % Loans 1,757 2,393 2,562 income NIM 4.1 % 3.4% 3.8 % Partic. 106 181 124 ROAE 18.7 %
Slide 27: Investment Banking
Investment Banking Corporate p Finance – Scope p of Business Privatization of Turkish Privatization of İskenderun Meram Electric Distribution Privatization of Mersin, Highways&Bridges TCDD Port Derince Samsun, İzmir, zation Bandırma Ports Privatiz Sell-Side Adviser Sell-Side Adviser Buy-Side Adviser
Slide 28: Asset Management and Securities
Asset Management and Securities TSKB Trading Platform (TTP) and two branches to enhance b k brokerage activities ti iti New thematic fund other than 5 conventional funds Clean Energy Funds Capital + 10% return guaranteed fund Innovative investment fund which i invests t iin Renewable R bl En
Slide 29: 2008 Awards
2008 Awards • TSKB Sustainable Bank of the Year| FT-IFC Emerging Countries – Eastern European Category •Geothermal Energy Project Financing of the Year in Europe- Gürmat | Euromoney • Project Finance Deal of the Year– Mersin | Euromoney • Best Infrastructure Project Financing of the Year in Europe E
Slide 30: Sustainable Banking
Sustainable Banking In year 2006 ISO 14001 Environment Management certificate is obtained. obtained The scope of the Certificate: Environmental Risk Valuation has been made for 87 projects that went into the Credit Commitee and these valuations is p posted on TSKB’s web site. Through media and c
Slide 31: Appendices
APPENDICES 009 evreci 31
Slide 32: Rating
Rating TSKB’s Fitch Ratings (Sep 2008) TSKB’s Moody’s Ratings (Jan 2008) F i andd LLocall C Foreign Currency Fi Financial i l St Strength th Rating R ti D D+ Outlook (FSR) Stable Long Term Foreign Currency BB Long Term Foreign Currency B1/NP Long Term Local Currency BB + Local Currency Deposit Baa1/
Slide 33: Participations as of Dec, 2008
Participations as of Dec, 2008 Entity Sector Ownership Capital (TRY) Yatırım Finansman Menkul Değerler A.Ş. (Yat. Fin. Securities) Financial 95.78% 38,500,000 TSKB Gayrimenkul Yatırım Ortaklığı A.Ş. (TSKB Real Estate Investment Trust) Financial 96.00% 75,000,000 Entity Sector Ownership Capital (TRY)
Slide 34: Investor Relations
Meclisi Mebusan Caddesi, No:81, 34427 Fındıklı Istanbul/TURKEY INVESTOR RELATIONS Tel: +90 212 334 5152 Fax:+90 212 334 5234 E-mail: ir@tskb.com.tr www tskb com www.tskb.com 34 34
Slide 35: 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
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