Turkiye Sinai Kalkinma Bankasi A.s. · BIST:TSKB
Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — Q3 2011 Earnings Presentation
24 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, 2011
Slide 1: Investor Presentation 3Q2011 BRSA Bank Only Results
Created with a trial version of Syncfusion Essential PDF Investor Presentation 3Q2011 ‐ BRSA Bank Only Results 1
Slide 2: TSKB @ a Glance
TSKB @ a Glance Ownership Credit Ratings (May 2011) Free Float; 41.6% TSKB Turkey İsbank; 50.0% Fitch LTFC BB + BB+ Moody’s LTIR Ba1 Ba2 Vakifbank; C Corporate G Governance R Rating i 8.4% SAHA 8.92/10 Main Subsidiaries Yatırım Finansman Securities İ Leasing İş • Established in 1950 96% 29% • Larges
Slide 3: Operating Environment
Operating Environment • Rising tension in the global economic environment , more fragile European economies • Recession warnings from CBT continue Macro outlook • Higher lending rates in the sector, the loan demand starts to pull back • Challenging environment for LT investments • CBT’s RRR measures
Slide 4: Snapshots
Snapshots •Profitability higher than last year; Implying 8.5% yoy increase, net Income Sustainable reached TRY 183 mn Profitability; • RoE @ 18.9%, still strong similar to second quarter 20.3% Stable Net Interest • NIM @ 4.1%, flat ytd Margin • C/I ratio @ 14.7% • Loan volume totaling USD 3.3 bn; up
Slide 5: Banking Sector vs TSKB
Banking Sector vs TSKB 20113Q Banking Sector TSKB CAR 16.6% 19.0% Loans/ assets 54 3% 54.3% 66 1% 66.1% NPL 2.82% 0.4% Cost to income 44.8% 14.7% NIM 3.7% 4.1% ROAE 14.8% 18.9% B ki S Banking Sector t TSKB Deposits Long Term 65% Funding 60% 60% off li liabilities biliti are deposits d it 65% off li
Slide 6: Business Lines
MAIN BUSINESS LINES Business Lines Corporate Banking Investment Banking Treasury Key Subsidiaries Corporate Loans Corporate Yatırım Finansman Finance ALM Securities Project Finance Brokerage Fixed Income TSKB REIT Apex p Banking g Asset Spot&Derivative p TSKB Real Estate Management Trading Appraisal
Slide 7: Corporate Loans
Corporate Loans • Corporate Lending and SME Loans L Between 2005‐ 2010, TSKB has • Leasing i financed half of USD 7.7 bn investments and contributed to • Trade Finance the creation of 15.000 • Noncash Loans new jobs. 7 TSKB @ a Glance | Banking Sector | Business Lines | Financials
Slide 8: Project Finance
Project Finance • Closed 95 projects with total installed capacity of 3,339 MW in Hydro, Wind, Geothermal and Biomass. • 59 of these projects are syndicated with other banks. • For the acquisition Finance of 4 electricity distribution areas, 300 million USD cash and non‐cash limit has been allocated
Slide 9: Apex Banking
Apex Banking • 11% of lending through APEX scheme • Placed through 23 intermediary financial instituions • USD 1.49 1 49 bn APEX funds; USD 1,200 1 200 mn to exports, USD 219 mn to SMEs 5 Commercial Banks 10 Commercial Banks • Reached over 1,000 companies. p 12 Leasing Companies 9 Leasing Companies
Slide 10: Long Term Funding
Long Term Funding Outstanding Funding Base 3,244 World Bank (IBRD) 3,016 2,848 USD mn 2 513 2,513 European Investment Bank (EIB) 2,036 1,670 Council of Europe Development Bank (CEB) 640 368 413 258 253 94 Kreditanstalt für Wiederaufbau (KfW) 2006 2007 2008 2009 2010 20113Q Long term Funds Short ter
Slide 11: Funding Base
Funding Base Funding Long Term Funding; 93% • Total LT outstanding funds: USD mn 3,244 ; Since 2009 totaling USD mn 1,567 agreements were signed. Short Term Funding; 7% • Long term funding average maturity: 12 yrs Outstanding LT Funds • 93% of long term funds guaranteed by Turkish Treasury EIB 34% •
Slide 12: Corporate Finance
Corporate Finance M&A and Strategic Advisory •Impressive track record in M&A buy‐side/sell‐side mandates for various sectors •The forefront advisor of the most strategic asset privatizations •Other servives: Company and asset valuations, valuations feasibility studies, studies brand appraisals, appr
Slide 13: Asset Management & Brokerage
Asset Management & Brokerage Conventional Investment Funds Other Mutual Funds Private Asset Management Assets Manegement TSKB Investment Trust Capital Guaranteed Funds under the Umbrella fund TSKB Investment TSKB Energy Index at ISE Trust Capital Guaranteed Umbrella Funds (TRY mn) AUM (TRY mn) Secon
Slide 14: Financial Highlights
Financial Highlights Foreign Currency Turkish Lira Assets Liabilites Assets Liabilities Liquid Repo Assets 11% 22% Long Term Long F d Funds Term 12 years Loans 65% 5 years 64% Free Capital 11% TRY FX 14 TSKB @ a Glance | Banking Sector | Business Lines | Financials
Slide 15: Composition of Assets
Composition of Assets • Loan/ Asset ratio: 66% 38% % 38% % 35% 30% Liquid • Securities/Assets: 29% Assets • 74% of assets are FX Loans denominated 57% 61% 66% 57% • 67% of liquid assets are TRY Others government bonds 5% 4% 4% 4% 2009 3Q10 2010 3Q11 • Other assets: subsidiaries and tangible assets
Slide 16: Loans
Loans USD Mn Loans by Sector 5% Logistics 9% Other 22% 3,283 Energy 3,125 2 753 2,753 Distrubution 2,642 6% Construction 5% Metal 4% Tourism 4% 2009 3Q‐10 2010 3Q‐11 Energy Production 34% Finance 16% • 98% foreign currency denominated Loans by Type • No currency mismatch Apex 11% Project Finance • 4
Slide 17: Securities Portfolio
Securities Portfolio TL FX($) • Duration is 1.3 yrs in Zero Coupon bonds, 2.7 yrs in FRNs . 327 319 300 324 • 91% is in AFS portfolio. 1,943 1,934 1,985 1,946 • Floating in TRY portfolio: 69% • 76% of the portfolio: TRY securities 2009 20103Q 2010 20113Q 2010 20113Q Private Private Sector Sector
Slide 18: Liabilities
Liabilities USD mn 4,612 4,820 5,105 4,964 Repo 13.3% 15.0% 12.3% 18.6% • Total FX borrowings: Long Term USD 3.5 bn 60.1% 59.1% 65.3% Funds 61.8% Other • Paid in Capital: TRY 800 mn 9.5% 9.9% 4.6% 8.2% Equity • Leverage ratio: 7.0X 15 1% 15.1% 17 1% 17.1% 16 0% 16.0% 14 2% 14.2% 2009 3Q10 2010 3Q1
Slide 19: Shareholder's Equity
Shareholder’s Equity TRY mn Capital Adequacy Ratio 25% 26% 1,264 1,307 1,200 23% 1,041 23% 19% 22% 20% 17% 2009 3Q10 2010 3Q11 2009 3Q10 2010 3Q11 CAR Tier 1 Equity Movement Free Capital Ratio 183 1,307 1,264 47 93 13% 12% 11% 11% 2010 Equity Cash Dividend MTM Gains 20113Q Net 20113Q 2009 3Q
Slide 20: Income Breakdown
Income Breakdown (TRY mn) 20103Q 20113Q Change Adj. Net Interest Income Bankingg 218.3 247.2 13% Net Commisions Income 8.9 11.1 24% Dividend Income 22 7 22.7 25 0 25.0 10% Other Operating Income 11.4 15.2 33% 14% g Income Net Banking 261 3 261.3 298 5 298.5 14% Personnel Expenses 24.3 27.5 13% Net
Slide 21: Quarterly Income Breakdown
Quarterly Income Breakdown Change (TRY mn) 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 QoQ Adj. Net Interest I Income 72 76 70 71 85 75 87 16% Net Commisions 2 4 2 6 4 3 4 33% Dividend Income 7 16 0 0 10 15 0 N/A Other Operating Income 3 5 4 5 3 10 2 ‐80% Net Banking Income 84 101 76 82 102 103 93 9% 9% Per
Slide 22: Income Breakdown
Income Breakdown Net Profit Income Breakdown 8 5% 8.5% 86% 84% 84% 83% 183 Net Interest Income Commissions 169 3% 4% 4% 3% Dividend 6% 7% 8% 9% 5% 4% 5% 5% Other 2010 3Q 2010‐3Q 2011 3Q 2011‐3Q 2009 2010‐3Q 2010 2011‐3Q Net Interest Income Breakdown Commission Income Breakdown Liquid 16% Brokerage 3
Slide 23: Key Performance Indicators
Key Performance Indicators ROAE ROAA Cost to Income 20.1% 3.2% 19.5% 19.0% 18.4% 2.9% 2.9% 2 9% 17.9% 17 6% 17.6% 2.7% 16.2% 14.7% 2009 20103Q 2010 20113Q 2009 20103Q 2010 20113Q 2009 20103Q Q 2010 20113Q Q Spread 3.3% NIM 3.0% 2 6% 2.6% 4.39% 4.41% 4.42% 4.32% 2.3% 4.07% 4.10% 4.11% 4.10% 200
Slide 24: Contact Us
Contact Us Financial Institutions & Investor Relations Meclisi Mebusan Caddesi No: 81 Fındıklı 34427 Istanbul – Turkey Email: fi_ir@tskb.com.tr Tel: +90 (212) 334 5124‐5194‐5129 Fax: +90 (212) 334 5234 Internet: www.tskb.com 24
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