Turkiye Sinai Kalkinma Bankasi A.s. · BIST:TSKB
Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — Q1 2024 Earnings Presentation
20 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, 2024
Slide 1: Earnings Presentation 1Q-24 Bank-only Results
The Industrial Development Bank of Tiirkiye Earnings Presentation 1Q-24 Bank-only Results Please;note that any kind of fecordingincluding but notlimited to screenshots, video recording, recording vid external devices etc. of this presentationitisstrictly forbidden fgr all participants.” Corporate Ba
Slide 2: 1Q-24 At a Glance
1Q-24 At a Glance Strong Profitability + Best-in-class ROE, QoQ flat net income generation Differentiating Business + NIM evolution in line with guidance Model + Maintained FX Loan Spread Further strengthened + USD 300 mn AT-1 issuance solvency, supporting our + CAR: 19.5%, Tier-I: 18.4% growth stra
Slide 3: Financial Guidance (Bank Only)
Financial Guidance 1Q-24 Figures YE-24 Guidance (Bank Only) % % Growth FX Adjusted Loan Growth 3 High Single Digit Profitability Net Interest Margin 5.7 ~6 Fees & Commissions Growth 104 > avg. CPI Return On Equity 34.7 ~40 Efficiency OPEX Growth 68 > avg. CPI Cost/Income Ratio 15.8 - Solvency* Capit
Slide 4: Robust Profitability Continues
Robust Profitability Continues Net Profit-TL mn Yearly ton ] Quarterly Qe 1,934 10-23 10-24 4-23 10-24 ROE 41.2% 34.7% 10-23 2023 10-24 Strong coverage base and free provision stock will support our profitability going forward
Slide 5: Income Statement Highlights
Income Statement Highlights Net Interest Income 1,584 Trading Income 103 Net Fees & Commissions 64 Other Income (Inc, Dividend) 307 Banking Income 2,058 OPEX (-) 301 Net Banking Income 1,757 Provisions (-) 110 Income From Participations 180 Tax Provisions (-) 420 Net Profit 1,407 Based on MIS data 3
Slide 6: Syndication & Other DFI Funding, Eurobond
-476 -570 -53 -400 -2.304 -650 -300 2024 2025 >=2026 Syndication & Other DFI Funding Eurobond Subordinated loan Money Market Funding
Slide 7: Resilient Asset Composition
Resilient Asset Composition Asset Composition - TL bn Total Loans - TL bn Currency Loan Breakdown Growth 144.4 Me eg 130.1 rm > 9% Z " oo 84.0 7 91% 10-23 4Q-23 10-24 10-23 40-23 10-24 mLoans ™ Securities = Cash &MM mNon IEAs & Other = FX Loans ($) = TL Loans 1Q-24 Loans by Currency Remaining Averag
Slide 8: Loan Breakdown by Sector
Electricity Generation 34,5% Finance 10,8% Metal & Machinery 7,5% Tourism 7,1% Logistics 5,2% Health & Education 5,1% Construction & Construction Materials 4,9% Chemistry & Plastics 4,6% Electricity/Gas Distr. 4,2% Textile 3,1% Paper and Forestry Products 2,8% Food & Beverage 2,8% Other**
Slide 9: ✓ ✓ ✓ ✓ ✓ 126,444 1,139 13,732 4,258 4,186 3,260
✓ ✓ ✓ ✓ ✓ 126,444 1,139 13,732 4,258 4,186 3,260
Slide 10: Security Yields
Security Yields Excluding CPI CPI 80,4% 75,6% • 58,6% 57,7% 56,9% 47,8% 47,5% 42,8% 42,6% • 31,5% 18,8% 19,1% 18,9% 19,4% 19,9% 22,6% 17,3% 41,5% 1Q-22 2Q-22 3Q-22 4Q-22 1Q-23 2Q-23 3Q-23 4Q-23 1Q-24
Slide 11: NIM stayed strong and in line with the guidance
NIM stayed strong and in line with the guidance Annualized NIM 7.0% 5.9% 2,A% = CPI Impact ages Core NIM 4,6% 3,5% 1Q-23 4Q-23 5.7% 1,8% 3,9% 10-24 ¥ NiMevolution is in line with expectations (+) Maintained strong loan spread (-) Elevated QoQ swap costs () QoQ decline in CPHinker income || *IEA Evol
Slide 12: Further strengthened solvency metrics support our growth plans
Further strengthened solvency metrics support our growth plans Capital Ratios Without BRSA Temporary Measures Evolution of RWA and Equity -TL bn 174.6 152.1 104.3 34.0 10-23 2023 10-24 — 2023 10-24 Tier | Ratio CAR =RWA sCoreEquity =Total Capital With BRSA Temporary Measures - CAR: 22.9% | Tier: 21.
Slide 13: Sustainable Finance Targets
10 bn USD Revised Target 8 bn USD Target 38% Since 2021
Slide 14: Appendix
2S BS Q gf x
Slide 15: Balance Sheet
As Balance Sheet val 31/03/2023 31/12/2023 31/03/2024 TK TOTAL TK TOTAL TK TOTAL Cash and Banks 2,060 3,448 5,508 7,427 7,699 15,126 10,236 5,554 15,789 Securities 10,310 10,986 21,295 12,177 15,663 27,839 16,208 17,707 33,915 Loans (Gross) 7,674 76,358 84,032 11,299 118,839 130,137 11,051 133,311 1
Slide 16: Detailed Income Statement
Detailed Income Statement TLmn 1Q-23 4Q-23 1Q-24 QoQ YoY Net Interest Incomeinc, Swap Cost 1,584 3,046 2,541 -17% 60% Net Interest Income 1,569 3,757 3,764 0% 140% CPI Linkers 672 942 837 -11% 25% Swap Costs 14 711 -1,223 72% nm. Net Commissions 64 166 130 -22% 104% Other Income 307 125 60 52% -80%
Slide 17: Appendix: ESG Rating
Appendix: ESG Rating () sustamatynics Wepp Sustainalytics ESG Risk Rating CDP Climate Change Score Range 0-40+ A/D- Score 6.9 A- Negligible risk category Leadership First place in Turkiye ES 9 place among global fyi.) development banks | TQP RATED | 17 Moopy’s Moody's ESG Credit Impact Score a5 2 Ne
Slide 18: Appendix: Stage Loans Breakdown
Appendix: Stage 2 Loans Breakdown Stage 2 Loans Sector % Coverage (%) Tourism 42 4l Electricity Generation 21 11 Electricity/Gas Distribution 17 41 Non-residential Real Estate 7 30 Metal and Machinery 5 24 Telecom/Logistics 4 9 Automotive Supply Industry 3 20 Health 1 47 TOTAL 100 31 * Hard collater
Slide 19: Appendix: IEA Evolution
Ape Appendix: IEA Evolution Interest Earning Assets 187 165 ; 10-23 40-23 10-24 mliquid assets msecurities = loans v Interest Earning Assets were up by 13% qogq, 73% yoy, which was driven by * High FX denomination * Growth strategy
Slide 20: 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 A‘S. ("TSKB") as of the date of this presentation and contain certain assumptions. Altho
Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — Q1 2024 Earnings Presentation on 6ix