Turkiye Sinai Kalkinma Bankasi A.s. · BIST:TSKB
Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — H1 2016 Earnings Presentation
24 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, 2016
Slide 1: Investor Presentation 1H2016 – BRSA Bank only Results
Created with a trial version of Syncfusion Essential PDF Investor Presentation 1H2016 –BRSA Bank only Results
Slide 2: TSKB @ a Glance
TSKB @ a Glance Ownership Structure First and only Private Development Bank in Turkey TRY 21.8 bn asset size Free Float 329 employees, 2 branches İş Bank and Others 41.21% 19th bank in terms of Asset size 50.41% 3.2% market share in LTFC corporate loans TRY 2.6 bn MCAP* 58% of free flo
Slide 3: TSKB's Historical Shareholding Structure
TSKB’s Historical Shareholding Structure İş Bankası 24% Osmanlı Bankası 16% Yapı ve Kredi Bankası 12% Selanik Bankası 4% T. Ticaret Bankası 4% Garanti Bankası 3,86% Akbank 2% Banks 77,86% Banka Komerçiyale İtalyana 2% Banka di Roma 2% Hollantse Bank Uni. 2% Tutum Bankası 2% T. İmar Bankası 2% T. Kre
Slide 4: Primary Strengths
Primary Strengths One of the leading Turkish Ability to fund itself from leading development and investment supranational FIs/ long-term loans banks with an 19% market share guaranteed by the Turkish Treasury in its peer group comprise c. 56% of total funding Strong supportive long-term Prudent bala
Slide 5: Main activities in support of mission
Main activities in support of mission Products and Services of the Group Corporate Banking Investment Banking Advisory Services Direct loan financing for industrial investments, energy and resource Managing own securities portfolio and Strategic Consultancy, LT partnership to efficiency, renew
Slide 6: Sustainability is core to our activities
Sustainability is core to our activities Financing for renewable energy projects Support for low carbon Support for employment economics Sustainable banking for Turkey’s sustainable growth Environmental risk evaluation Energy and resource for all investment projects efficiency in production Responsi
Slide 7: Financial Highlights
Financial Highlights Sustainable Profitability & Net Interest Margin TRY mn 132.0 115.5 114.8 117.0 104.9 93.7 89.3 94.2 1H-16 profit TRY 249,2 mn, %18.9 higher than 1H-2015 81.3 82.4 4.9% 2Q-16 profit TRY 117 mn, slightly above 2Q-2015 4.4% 3.9% 3.9% 3.9% 3.9% RoE @ 18.9%, 5-years average @ 1
Slide 8: Banking Sector vs TSKB
Banking Sector vs TSKB CAR Loans/Assets NPL 15.5% 15.7% 63.5% 65.4% 3.3% 0.3% Banking Sector TSKB Banking Sector TSKB Banking Sector TSKB Cost to Income NIM ROE 18.9% 42.3% 12.5% 3.4% 3.5% 15.8% Banking Sector TSKB Banking Sector TSKB Banking Sector TSKB * Sector data as of May. 16 Long Term DFI Dep
Slide 9: Asset Composition
Asset Composition FX Total Assets Growth (FX adjusted) TRY YtD YoY QoQ 21,791 20,735 Loans 4.2% 4.9% 2.3% 15,701 Securities, Cash&MM 7.8% 26.7% 6.6% 73.4% 68.6% 70.6% Total Assets 5.1% 11.3% 3.5% FX Assets -2.5% 1.2% 0.9% 29.4% 26.6% 31.4% TRY Assets 24.1% 36.3% 7.5% 2014 2015 2Q-16 2015 1H-16 TRY L
Slide 10: Liabilities Composition
Liabilities Composition FX Total Liabilities TRY Growth (FX Adjusted) 21,791 20,735 YtD YoY QoQ 15,701 74.3%% Funding 4.0% 8.5% 5.9% 74.4% 70.8% Equity 11.8% 21.8% 7.1% 25.6% 25.7% FX Liabilities 5.1% 8.5% 5.9% 29.2% TRY Liabilities 5.3% 17.4% -3.2% 2014 2015 2Q-16 2Q-16 2015 Eurobond 13.5% Repo Eur
Slide 11: Funding Structure
Funding Structure 6,385 USD mn 6,097 5,628 958 Total Funding: 1,027 USD 6,385 mn 1,057 1,023 Repo &Money Market 704 Securities Issued 385 506 516 Syndication & P/N etc. 80% of the Total Funding is Long Term Unguarenteed LT Funding Guarenteed LT Funding 3,672 3,571 3,573 FX Short term funding: 9% (in
Slide 12: Long Term DFI Funding
Long Term DFI Funding Outstanding Funding Base IBRD 38% EIB 29% KFW 87% of DFI Funding 10% guaranteed by IDB 8% Turkish Treasury CEB 5% IFC 3% 2015 AFD 2% 1H-16 EBRD 2% DFI Funding - 2015 Amount Theme CITI 1% JBIC 150 mio USD Renewable Energy and Energy Efficiency OEB 1% EIB 100 mio EUR SME and Midc
Slide 13: Shareholders' Equity
Shareholders’ Equity Equity Capital Adequacy Ratio 11.8% 18.2% TRY mn CAR Tier I 14.9% 15.7% 14.7% 2,783 2,489 2,288 2,285 17.0% 13.7% 14.0% 14.9% 2014 2Q-15 2015 2Q-16 2014 1H-15 2015 1H-16 Equity Movement Risk Weighted Assets TRY mn TRY mn Credit Risk Operational Risk Market Risk 249 2,783 -60 107
Slide 14: Loan Portfolio
Loan Portfolio Loans by Sector Loans by Type 69% Investment Loans Electricity Production 33% Electricity/Gas Distribution 9% 23% Working Capital Loans Finance 14% Tourism 6% 8% APEX Logistics 5% Metal and Machinery 5% Loan Portfolio (mn USD) FX adj growth of 4.2% Chemistry and Plastics 6% 4,95
Slide 15: Renewable Energy and Energy&Resource Efficiency
Renewable Energy and Energy&Resource Efficiency Renewable Energy Portfolio (Outstanding) 1.3 bn USD 1.4 bn USD 1.5 bn USD 1.6 bn USD 7% 7% Solar Projects 6% 7% are on the 107 of 150 RE are in operation 18% 22% agenda 34% 35% 3% 4,222 mw installed capacity is 9% 11% financed:, Hydros’ risk • 3,71
Slide 16: Robust Asset Quality
Robust Asset Quality NPL Ratio TRY mn 178 179 140 145 133 123 0.6% 0.5% 0.4% 60 60 60 59 0.4% 53 48 0.4% 0.3% 0.2% 0.2% 2009 2010 2011 2012 2013 2014 2015 2Q-16 1Q-15 2Q-15 3Q-15 4Q-15 1Q-16 2Q-16 Group II Loans NPL * Average NPL ratio for last 5 years is 0.3% TRY mn 1Q-15 2Q-15 3Q-15 4Q-15 1Q-16 2Q
Slide 17: Securities Portfolio
Securities Portfolio TRY mn By maturity Duration is 2.2 yrs in Fixed & Floating 240 344 342 < 1 Year 1<3 3<5 >5 FX($) bonds, 5.9 yrs in CPIs. TRY 78% is in AFS portfolio. % 75 25% 18% of TRY portfolio funded by repo 2,929 2,840 2,917 44% Private sector bonds: 8% of total portfolio 8% 23% TRY
Slide 18: Income Statement
Income Statement YoY (TRY mn) 1H-15 1H-16 Distribution of Banking Income Change Adj. Net Interest Income 287.9 334.0 16.0% 28% Net Commisions 4.5 2.6 -42.4% 66% 61% 66% 7% Dividend Income 33.6 30.1 -10.4% 22% Other Operating Income 16.8 13.4 -20.2% 15% 17% 14% Net Banking Income 342.8 380.1 10.9% 9%
Slide 19: Income Breakdown
Income Breakdown Net Interest Income Breakdown Weight of Banking Income Net Interest Income Loans 50% 61% 54% 60% 2014 89.3% Liquid Assets 2015 90.4% 39% 44% 40% 50% 1H-16 87.4% 2014 2Q-15 2015 2Q-16 Commission Income Breakdown-Gross TRY mn Net Commissions 12.1 5.6 13.8 6.1 Brokerage 2% 2014 1.8% Co
Slide 20: Net Interest Margin
Net Interest Margin Annual NIM Quarterly NIM 4.2% 4.9% 3.6% 3.7% 3.5% 3.9% 3.9% 3.9% 3.9% 3.6% 3.6% 3.1% 3.1% 2Q-14 3Q-14 4Q-14 1Q-15 2Q-15 3Q-15 4Q-15 1Q-16 2Q-16 2014 1H-15 2015 1H-16 NIM Evolution Cumulative NIM Evolution Quarterly 390 - 15 16 - 47 372 - 17 23 - 10 22 - 26 348 - 13 - 20 308 1Q-20
Slide 21: Key Performance Indicators
Key Performance Indicators ROE Core-ROE ROAA Cost to Income 18.0% 15.8% 18.9%19.1% 17.7% 18.2% 18.3% 18.7% 17.0% 17.4% 14.3% 14.3% 2.6% 2.4% 2.3% 2.2% 2014 1H-15 2015 1H-16 2014 1H-15 2015 1H-16 2014* 1H-15 2015 1h-16 *14.1% excluding one-off Free Capital Interest Income/AIEA Interest Expense/AIBL 1
Slide 22: Quarterly Income Breakdown
Quarterly Income Breakdown Change Change (TRY mn) 1Q-15 2Q-15 3Q-15 4Q-15 1Q-16 2Q-16 QoQ YoY Adj. Net Interest Income 136 152 142 185 181 153 -15.7% 0.5% Net Commisions 2 3 4 3 1 1 -16.3% -54.6% Dividend Income 13 20 0 0 9 21 122.8% 2.7% Other Operating Income 16 1 1 1 10 4 -63.0% 452.7% Net Bankin
Slide 23: Balance Sheet
Balance Sheet 30/06/2015 31/12/2015 30/06/2016 (TRY mn) TRY FX TOTAL TRY FX TOTAL TRY FX TOTAL Cash and Banks 776 805 1,581 1,121 1,305 2,426 1,489 1,069 2,558 Securities 2,734 946 3,680 2,840 995 3,835 3,100 1,016 4,115 Loans 1,011 11,761 12,773 1,000 2,675 13,675 1,675 12,574 14,249 Subsidiaries 3
Slide 24: TSKB Investor Relations
TSKB Investor Relations ir@tskb.com.tr | www.tskb.com
Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — H1 2016 Earnings Presentation on 6ix