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

Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — Q4 2013 Earnings Presentation

19 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, 2014

  1. Slide 1: Investor Presentation 4Q2013 – BRSA Bank only Results

    Created with a trial version of Syncfusion Essential PDF Investor Presentation 4Q2013 –BRSA Bank only Results

  2. Slide 2: TSKB @ a Glance

    TSKB @ a Glance Ownership Structure Free Float;  TL 12.9 bn asset size 41.6%  314 employees, 2 branches Is Bank;  21st bank in terms of Asset size 50.0%  3.5% market share in LTFC corporate loans  TL 2.3 bn MCAP  56% of free float belongs to foreign funds Vakıfbank; 8.4% Main Subsidiaries TSKB

  3. Slide 3: Highlights

    Highlights Sustainable Profitability - Stable Net Interest Margin Net Income Quarterly NIM  4Q13 profit TL 81 mn, 20% higher than 4Q12 84.7 92.0 81.5 67.6 67.9  Yearly Net Profit TL 326 mn, 6% higher than 2012  RoE @ 17.9%, 5-years average @ 19% 4.8% 4.7% 4.3% 4.5% 4.1%  NIM@ 4.3% 4Q12 1Q13 2Q13

  4. Slide 4: Banking Sector vs TSKB

    Banking Sector vs TSKB CAR Loans/Assets 2.9% NPL 71% 18.2% 61% 15.6% 0.4% Banking Sector TSKB Banking Sector TSKB Banking Sector TSKB Cost to Income NIM ROE 17.9% 42.7% 4.3% 13.6% 3.9% 14.0% Banking Sector TSKB Banking Sector TSKB Banking Sector TSKB Long Deposits Term 55% Funds; TSKB 66% Banking Se

  5. Slide 5: Asset Composition

    Asset Composition Growth TL 25% 12,911 FX (USD) 10,290 YoY QoQ Total (TL) 9,456 Loans (USD) 11% 4% 4,145 4,414 3,759 3,553 2,371 2,961 Securities 3% 2% 2011 2012 2013 2012 2013 TRY Loans TRY Loans 2.1% Securities 4.5% 27.6% Securities FX Loans  Leverage Ratio: 6.9X from 5.9X 22.6% FX Loans 66.6% 65

  6. Slide 6: Liabilities Composition

    Liabilities Composition Growth TL 12,911 FX (USD) 10,290 YoY QoQ Total (TL) 9,456 Funding (USD) 9% 3% 4,099 4,434 3,756 3,512 2,375 3,042 SHE 7% 3% 2011 2012 2013 2012 2013 Repo 12.2% Repo FX 12.5% SHE Funding FX 17.1% Duration: 70.6% Funding Loans; 2.8Y, Funding 6.3Y SHE 67.8% 14.6% Other 3.0% Othe

  7. Slide 7: Liability Structure and Funding Base

    Liability Structure and Funding Base Funding Structure Outstanding Long Term Funding Long Term IBRD 45% Funding; 94% EIB 29% CEB 7% KFW 7% AFD 4% IFC 4% Short Term IDB 3% Funding; 6% EBRD 2%  Total LT Funding : USD 4,030 mn ;  In the last five years, signed agreements totaling: USD 2,9 bn  LT fun

  8. Slide 8: Funding Base

    Funding Base Outstanding Funding Base USD mn LT Funding World Bank (IBRD) 4,030 3,769 ST Funding 3,351 3,016 2,848 European Investment Bank (EIB) Council of Europe Development Bank (CEB) 258 296 175 267 94 Kreditanstalt für Wiederaufbau (KfW) 2009 2010 2011 2012 2013 Multilateral Funding Agreements

  9. Slide 9: Shareholders’ Equity

    Shareholders’ Equity Equity Capital Adequacy Ratio TRY mn CAR 20.4% 1,885 Tier I 18.3% 18.2% 1,755 18.2% 16.7% 16.9% 1,366 2011 2012 2013 2012 3Q-13 2013 Equity Movement Dividend Payout Ratio TRY mn 326 1,885 20% 1,755 -68 -128 20% 20% 18% 17% 2012 Equity Cash MTM Gains 2013 Net 2013 Equity 2009 201

  10. Slide 10: Healthy Loan Growth

    Healthy Loan Growth Loans by Type Loans by Sector Electricity Production 33% Project 52% 52% Electricity/Gas Distribution 6% Finance 48% Finance 14% 42% Corporate Logistics 7% Loans 37% 39% Non-residential Real Estate 9% 40% 40% APEX Metal and Machinery 6% 11% 18% 12% 9% Chemistry and Plastics 6% 20

  11. Slide 11: Robust Asset Quality

    Robust Asset Quality Loans (bn) USD 11% Basket  NPL Ratio: 0.4% 4.3  100% provisioning policy 3.9 3.6 3.4 3.4  Collection Ratio: 100% 3.0  Coverage Ratio: 113% (including 2nd group)  No correlation between NPL and Group II Loans 2011 2012 2013 TRY mn TRY mn 142 134 105 104 100 73 75 81 40 36 30

  12. Slide 12: Securities Portfolio

    Securities Portfolio  Duration is 1.4 yrs in Zero Coupon bonds, TRY mn 177 3.6 yrs in FRNs. 267  99% is in AFS potfolio. FX($) 302  33% of TRY portfolio funded by repo 2,372 2,547 % 87  Private sector bonds: 16% of total portfolio TRY 1,908 TRY Securities / Assets 2011 2012 2013 20% TRY Sec. Yie

  13. Slide 13: Income Breakdown

    Income Breakdown YoY Net Interest Income (TRY mn) 2012 2013 Change Adj. Net Interest Income 430.7 470.9 9% Net Commisions 13.1 11.4 -13% 9% Dividend Income 27.7 30.3 9% Other Operating Income 16.8 7.8 -54% Net Banking Income 488.4 520.5 7% Net Banking Income Personnel Expenses 44.7 47.5 6% Adm. Expe

  14. Slide 14: Income Breakdown

    Income Breakdown Net Interest Income Breakdown Net Interest Income Loans 59% 57% 66% 2011 84.1% 2012 88.2% Liquid 41% 43% 34% Assets 2013 90.5% 2011 2012 2013 Commission Income Breakdown-Gross TRY mn 12.3 14.1 12.4 Net Commissions Brokerage 13% 16% 33% 14% 21% 2011 2.7% Corporate 18% Finance 2012 2.

  15. Slide 15: Net Interest Margin

    Net Interest Margin Annnual NIM Quarterly NIM 4.8% 4.8% 4.6% 4.7% 4.6% 4.3% 4.3% 4.5% 4.2% 4.3% 4.1% 2011 2012 2013 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 NIM Evolution Cumulative NIM Evolution Quarterly 11 7 -15 4 -64 28 1 453 15 -13 5 13 7 428 460 40 -28 410 YE-2012 Net FX Loans TRY Loans Securit

  16. Slide 16: Key Performance Indicators

    Key Performance Indicators ROAE ROAA Cost to Income 19.4% 19.7% 15.6% 14.8% 17.9% 14.0% 2.9% 3.1% 2.8% 2011 2012 2013 2011 2012 2013 2011 2012 2013 Free Capital Interest Income/AIEA Interest Expense/AIBL 13.9% 11.7% 11.9% 6.2% 6.2% 5.8% 2.1% 2.0% 1.6% 2011 2012 2013 2011 2012 2013 2011 2012 2013 16

  17. Slide 17: Quarterly Income Breakdown

    Quarterly Income Breakdown Change Change (TRY mn) 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 QoQ YoY Adj. Net Interest 105 111 99 116 115 111 114 132 16% 14% Income Net Commisions 3 3 5 3 2 2 4 3 -2% 36% Dividend Income 7 20 0 0 5 24 0 2 - - Other Operating 2 12 2 1 4 1 0 2 - - Income Net Banking Incom

  18. Slide 18: Balance Sheet

    Balance Sheet 31/12/2012 31/12/2013 (TRY mn) TRY FX TOTAL TRY FX TOTAL Cash and 28 142 170 43 310 352 Banks Securities 2,372 472 2,844 2,547 375 2,922 Loans 211 6,684 6,895 578 8,599 9,177 Subsidiaries 311 3 314 329 3 331 Other 33 33 66 49 80 129 Total 2,955 7,334 10,290 3,545 9,366 12,911 ST Funds

  19. Slide 19: Contact us TSKB Investor Relations

    Contact us TSKB Investor Relations ir@tskb.com.tr | www.tskb.com 19

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