Turkiye Sinai Kalkinma Bankasi A.s. · BIST:TSKB
Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — Q4 2025 Earnings Presentation
22 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, 2025
Slide 1: Earnings Presentation 4Q-25 Bank-only Results
The Industrial Development Bank of Tiirkiye Earnings Presentation 4Q-25 Bank-only Results ESR TOPROTED FTSE4Good rma susrennurtes es QO > INDUSTRY ( ) REGIONAL ¢ “Please note that any kind of recording includ external devices etc. of this presentation it is si not limited to screenshots, video recor
Slide 2: Financial Guidance YE25 (Bank Only)
Financial Guidance YE25 Figures YE25 Guidance (Bank Only) % % Growth FX Adjusted Loan Growth 11.2 Low Teens Profitability Net Interest Margin 5.6 ~5 Fees & Commissions Growth -17 ~ CPI Return On Equity 29.3 ~30 Efficiency OPEX Growth 53 > CPI Solvency* Capital Adequacy Ratio 20.3 ~21.0 Tier I Ratio
Slide 3: Main developments that stood out in 4Q25
Main developments that stood out in 4Q25 Strong liquidity & well Accelerated qoq FX loan diversified funding capacity: Outstanding profitability rowth, with 12M new lon With EUR 550 mn funding from continued to differentiate from " lo disb t 9 KfW and IBRD Partial the sector with 5.6% NIM, and erm o
Slide 4: TSKB has continued to deliver above market ROEs for the last 3 consecutive years
TSKB has continued to deliver above market ROEs for the last 3 consecutive years V7 €32%ROE >, ROE fo whenfree 38,5% | provision stock | \ isreleased =’ 30.5% 29,3% Teer eae Industry ‘Average cil, YE24 YE-25 Net Profit -TL mn Yearly © Quarterly YE-24 12M-25, 30-25 40-25 *Private Banks Average Strong
Slide 5: Core banking income demonstrated 37% yoy and 23% qoq expansion
Core banking income demonstrated 37% yoy and 23% qoq expansion TLmn 12M-24 12M-25 [yey 3Q-25 4Q-25 - Q0Q Net Interest Income 11,968 14,646 22% 3,697 3,962 7% Trading Income/Loss 1,143 1,986 74% 241 1,121 365% Net Fees & Commissions 514 426 “17% 140 124 -11% Other Income (Inc. Dividend) 895 2,836 217
Slide 6: Maturity Profile of External Debt - USD mn
✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ Maturity Profile of External Debt - USD mn 300 -59 DFI Funding -200 -380 -261 -432 -115 -300 -700 -360 -126 Eurobond & PP -700 -1.200 Money Market Funding -1.700 -3.139 -2.200 Subordinated Debt -2.700 Syndication & P/N etc. -3.200 to 12 months 1 to 3 years 3 to 5 years >5 years
Slide 7: Sustaining Growth Through a Healthy Asset Base
Sustaining Growth Through a Healthy Asset Base Asset Composition - TL bn Total Loans - TL bn Currency Breakdown Ieee a 235.9 217.9 > 6% ue) = <> 3Q25 4Q-25 40-24 30-25 40-25 mloans m Securities © =Cash&MM —sm Non IEAs & Other =FXLoans{$) = TL Loans 4Q-25 Loans by Currency Remaining Average Maturity
Slide 8: Loan breakdown by sector
Electricity Generation 29.7% 6% 11% Metal & Machinery 8,8% 2% 2% Logistics 6,9% 4% 2% Finance 6,8% 4% Chemistry & Plastics 19% 6,3% Construction Materials 5,7% 10% • Electricity/Gas Distr. 5,6% • Health 4,7% • 7% 9% Textile 6% 6% 4,7% • Food & Beverage 4,6% • Non-residential Real Estate 3,8% Tourism
Slide 9: Total Provision by Stage and Coverage
4Q-24 3Q-25 4Q-25 Total Provision* (mn TL) 8,027 7,826 10,594 Stage 1 929 997 1,008 Stage 2 3,883 5,076 5,353 Stage 3 3,215 1,753 4,233 4Q-24 3Q-25 4Q-25 Total Coverage 4.8% 3.6% 4.5% Stage 1 0.6% 0.5% 0.5% Stage 2 34.1% 32.9% 31.6% Stage 3 87.5% 92.9% 74.1% • • • •
Slide 10: Strategically managed security portfolio generated a consistent contribution to NIM during 2025
Strategically managed security portfolio generated a consistent contribution to NIM during 2025 Total Securities Portfolio Breakdown TL Securities Portfolio Breakdown* / Securities /, Assets: : TL51.1bn \ ete -) TL52.6bn TL 41.5 bn : 1.6 years p 46% in FX 5.0 years 62% > 54% inTL - Floating 1.8 year
Slide 11: Annualized NIM
Annualized NIM 1,2% 1,1% 1,0% 0.9% CPI Impact Core NIM 4,5% 4,6% 4,7% 4.7% 1Q25 2Q25 3Q25 4Q25 ✓ • • ✓
Slide 12: Capital Ratios Without BRSA Temporary Measures
Capital Ratios Without BRSA Temporary Measures CAR Evolution
Slide 13: SDG-Linked and Climate Financing Targets
$10 $9 $8 71% $7 $6 52% $5 42,5% $4 28% $3 14% $2 $1 $0 2021 2022 2023 2024 2025 2030 Target Financing (billion USD) USD 10 Billion SDG-Linked Financing Target - Realization (%) $4 $3 43% $2 18% $1 $0 2024 2025 2030 Target Financing (billion USD) USD 4 Billion Climate Financing Target - Realization
Slide 14: Financial Guidance YE26 (Bank Only)
Financial Guidance YE26 Guidance (Bank Only) % Growth FX Adjusted Loan Growth Low Teens Profitability Net Interest Margin ~4.5 Fees & Commissions Growth > 50 Return On Equity ~ 25 Efficiency OPEX Growth > Average CPI Solvency Capital Adequacy Ratio ~19.0 Tier I Ratio ~18.0 Asset Quality NPL Ratio ~
Slide 15: Appendix
Appendix
Slide 16: Appendix: Balance Sheet
16 Appendix: Balance Sheet 31.12.2024 30.09.2025 31.12.2025 mTOR KOA KOR Cash and Banks Securities Loans (Gross) Provisions Subsidiaries Other Total ST Funds LT Funds Securities Issued Repo & MM Other Subordinated Debt Shareholders’ Equity Total 1,928 22,207 13,889 - 3,534 9,619 5,933 50,041 10,553
Slide 17: Appendix: Detailed Income Statement
Appendix: Detailed Income Statement TLmn 12M-24 12M-25 YoY 3Q-25 4Q-25 QoQ Net Interest Income inc. Swap Cost 11,5968 14,646 22% 3,697 3,962 7% Nil exc, CPI & Swap cost 10,889 14,713 35% 4,063 4475 10% CPI Linkers Income 4,248 3,032 -29% 640 844 32% Swap Costs (-) 3,168 3,099 2% 1.006 1,358 35% Net
Slide 18: Appendix: Evolution of strategically managed Interest Earning Assets
18 Appendix: Evolution of strategically managed Interest Earning Assets Interest Earning Assets (bn TL) 281 296 208 Va v Interest Earning Assets were up by 5% QoQ and 42% YoY, which was driven by * High FX denomination * Growth strategy 40-24 30-25 40-25 BLiquid Assets mSecurities Loans
Slide 19: Appendix: Stage Loans Breakdown
Appendix: Stage 2 Loans Breakdown Stage 2 Loans Sector % Coverage (%) Electricity Generation 44 34 Non-residential Real Estate 32 23 Electricity/Gas Distribution 14 51 Telecom/Logistics 3 8 Automotive Supply Industry 3 30 Metal and Machinery 2 10 Health 1 50 Other 1 40 TOTAL 100 32 59% of Electricit
Slide 20: Provisions 12M25 and Cost of Risk
Provisions (TL mn) 12M25 Stage 1* 120 Stage 2** 1,471 Stage 3 2,668 Reversals*** (TL mn) -1,658 Net CoR 130 bps Currency Impact 75 bps Net CoR excl. Currency Impact 55 bps
Slide 21: Appendix: ESG Ratings
Appendix: ESG Ratings SUSTAINALYTICS S&P Global S&P Global CSA 52 Newly joined MSCI& FTSE4Good Constituent company in the FTSE4Good Index Series aes MSCIESG Rating aN jae Newly joined Fitch Pending Sustainable Fitch 3 (62/100) First place in Turkiye ‘itchRatings Above global average ESG Credit Relev
Slide 22: Disclaimer
DISCLAIMER This presentation document is prepared for informational purposes only and contains certain forward-looking comments, opinions, and forecasts. These reflect the views of Turkiye Sinai Kalkinma Bankasi AS. ("TSKB") as of the date of this presentation and contain certain assumptions. Althou
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