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

Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sinai Kalkınma Bankası A.Ş. (TSKB) — H1 2015 Earnings Presentation

23 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, 2015

  1. Slide 1: Investor Presentation 1H2015 – BRSA Bank only Results

    Created with a trial version of Syncfusion Essential PDF Investor Presentation 1H2015 –BRSA Bank only Results

  2. Slide 2: TSKB @ a Glance

    TSKB @ a Glance Ownership Structure  First and only Private Development Bank in Turkey  TRY 18.7 bn asset size Free Float and Others  325 employees, 2 branches İş Bank 41.62% 50.00%  21st bank in terms of Asset size  3.8% market share in LTFC corporate loans  TRY 3.0 bn MCAP*  62% of free flo

  3. Slide 3: Main Strengths

    Main Strengths One of the leading Turkish Low cost / long-term loans development and investment guaranteed by the Turkish Treasury banks with an 25% market share comprise c. 61% of total funding in its peer group Strong supportive long-term Prudent balance sheet structure majority shareholder İşbank

  4. Slide 4: Principal activities in support of mission

    Principal 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,

  5. Slide 5: 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

  6. Slide 6: Internal and External Environmental Impacts

    Internal and External Environmental Impacts • 2014-1 Electricity consumption has been nearly equal to that of 2013-1. • 2014-1 Natural gas consumption has been decreased with respect to 2013-1  7 % • 2014-1 Water consumption has been decreased with respect to 2013-1  17 % • 2014-1 Paper consumptio

  7. Slide 7: Financial Highlights

    Financial Highlights Sustainable Profitability & Net Interest Margin TRY mn 115.5 104.9 92.0 93.7 89.3 94.2  2Q-2015 profit TRY 116 mn, 23% higher than 1Q-2015 81.5 81.3 67.9 4.9%  1H-2015 profit TL 210 mn , 6% higher than 1H-2014 4.5% 4.4% 4.3% 4.1% 3.9% 3.9%  RoE @ 18.3%, 5-years average @ 18%

  8. Slide 8: Banking Sector vs TSKB

    Banking Sector vs TSKB CAR Loans/Assets NPL 63.4% 68.4% 15.3% 2.9% 14.7% 0.5% Banking Sector TSKB Banking Sector TSKB Banking Sector TSKB Cost to Income NIM ROE 45.2% 18.3% 4.2% 11.1% 3.6% 14.3% Banking Sector TSKB Banking Sector TSKB Banking Sector TSKB * Banking Sector data as of May 2015 Long Ter

  9. Slide 9: Asset Composition

    Asset Composition TRY 18,680 Growth (FX adjusted) FX (USD) 15,701 Total (TRY) 12,911 YoY YtD QoQ Loans 14.0% 4.5% 1.9% 4,611 4,811 5,022 5,106 Securities &Other 3,553 4,414 36.0% 25.0% 15.5% IEAs Total Assets 19.1% 9.2% 4.6% 2013 2014 1H-2015 FX Assets 18.6% 8.5% 2.2% 2014 1H-15 TRY Assets 18.2% 8.9

  10. Slide 10: Liabilities Composition

    Liabilities Composition TRY 18,680 FX (USD) 15,701 Growth (FX Adjusted) Total (TRY) 12,911 YoY YtD QoQ Funding 23.8% 13.6% 8.4% 4,434 4,590 4,820 4,770 5,200 3,512 Equity 9.5% -0.1% 1.6% FX Liabilities 20.7% 11.1% 4.9% 2013 2014 1H-2015 TRY Liabilities 14.4% 3.9% 0.8% 2014 1H-2015 FX / Total Liabili

  11. Slide 11: Funding Structure

    Funding Structure USD mn 5,819 6,129 Total Funding: 5,201 Other 753 USD 6,129 mn 1,008 Money Market Funding 865 703 353 Repo 357 385 458 Securities Issued 81% of the Total Funding is Long Term Syndication & P/N etc. Unguarenteed LT Funding 3,673 3,672 3,632 Guarenteed LT Funding FX Short term fundin

  12. Slide 12: Long Term DFI Funding

    Long Term DFI Funding Outstanding Funding Base Yearly Multilateral Funding Agreements IBRD 39% USD mn EIB 29% KFW 9% IDB 8% CEB 7% IFC 4% 1,039 960 AFD 2% 660 660 89% of DFI Funding EBRD 1% 463 guaranteed by 260 OEB 0% Turkish Treasury 121 CITI 0% 2009 2010 2011 2012 2013 2014 2015 DFI Funding - 201

  13. Slide 13: Shareholders’ Equity

    Shareholders’ Equity Equity Capital Adequacy Ratio 18.2% 18.8% TRY mn 18.1% CAR 2,288 2,285 Tier I 14.7% 2,087 1,885 16.9% 17.5% 17.0% 13.7% 2013 1H-2014 2014 1H-2015 2013 1H-2014 2014 1H-2015 Equity Movement Risk Weighted Assets TRY mn TRY mn Credit Risk Operational Risk Market Risk -80 210 2,285 -

  14. Slide 14: Loan Portfolio

    Loan Portfolio Loans by Sector Loans by Type  66% Investment Loans Electricity Production 34% Electricity/Gas Distribution 9%  28% Working Capital Loans Finance 11% Non-residential Real Estate 6%  6% APEX Tourism 7% Logistics 6% Loan Portfolio (mn USD) FX Aje growth of 4.5% Metal and Machinery 5%

  15. Slide 15: Robust Asset Quality

    Robust Asset Quality NPL Ratio TRY mn 159 164 154 147 134 133 123 0.6% 0.5% 0.5% 60 60 0.4% 0.4% 36 18 16 16 17 0.2% 0.2% 2009 2010 2011 2012 2013 2014 1H-2015 4Q-13 1Q-14 2Q-14 3Q-14 4Q-14 1Q-15 2Q-15 Group II Loans NPL * Average NPL ratio for last 5 years is 0.5% TRY mn 1Q-14 2Q-14 3Q-14 4Q-14 1Q-

  16. Slide 16: Securities Portfolio

    Securities Portfolio TRY mn By maturity  Duration is 2.6 yrs in Fixed & Floating 240 < 1 Year 1<5 5<10 >10 354 bonds, 6.6 yrs in CPIs. 177 174 FX($)  100% is in AFS portfolio. 6% 10%  22% of TRY portfolio funded by repo % 74 2,929 2,734 2,547 2,610 TRY  Private sector bonds: 10% of total 47% 37%

  17. Slide 17: Income Statement

    Income Statement (TRY mn) 1H-2014 1H-2015 YoY Change Adj. Net Interest Income 291.0 287.9 -1.1% Net Commisions 4.8 4.5 -5.2% Dividend Income 12.9 33.6 160.8% Other Operating Income 28.2 16.8 -40.5% Net Banking Income 336.8 342.8 1.8% Personnel Expenses 27.7 31.7 14.5% Adm. Expenses 9.3 10.7 14.9% Ot

  18. Slide 18: Income Breakdown

    Income Breakdown Net Interest Income Breakdown Portion of Banking Income Net Interest Income Loans 63% 70% 61% 58% 2013 90.5% Liquid Assets 2014 89.3% 37% 30% 39% 42% 1H-2015 83.8% 2013 1H-2014 2014 1H-2015 Commission Income Breakdown-Gross TRY mn 5.6 Net Commissions 12.4 5.3 12.1 2% 11% 3% 10% 2013

  19. Slide 19: Net Interest Margin

    Net Interest Margin Annual NIM Quarterly NIM 4.9% 4.6% 4.6% 4.3% 4.2% 4.5% 4.3% 4.4% 3.6% 4.1% 3.9% 3.9% 3.6% 3.6% 1Q-13 2Q-13 3Q-13 4Q-13 1Q-14 2Q-14 3Q-14 4Q-14 1Q-15 2Q-15 2013 1H-2014 2014 1H-2015 NIM Evolution Cumulative NIM Evolution Quarterly 417 -29 -10 30 -35 -23 25 -27 355 363 359 -25 64 1

  20. Slide 20: Key Performance Indicators

    Key Performance Indicators ROE Core-ROE ROAA Cost to Income 18.0% 20.0% 20.4% 17.9% 18.6% 17.7% 18.2% 18.3%18.7% 14.0% 13.4% 14.3% 2.8% 3.0% 2.6% 2.4% 2013 1H-2014 2014 1H-2015 2013 1H-2014 2014 1H-2015 2013 1H-2014 2014* 1H-2015 *14.1% excluding one-off Free Capital Interest Income/AIEA Interest Ex

  21. Slide 21: Quarterly Income Breakdown

    Quarterly Income Breakdown Change Change (TRY mn) 1Q-2014 2Q-2014 3Q-2014 4Q-2014 1Q-2015 2Q-15 QoQ YoY Adj. Net Interest Income 135 156 131 137 136 152 11.8% -2.5% Net Commisions 2 3 2 4 2 3 36.9% 0.8% Dividend Income 9 4 11 1 13 20 51.2% 432.2% Other Operating Income 22 7 1 1 16 1 -95.9% -90.1% Ne

  22. Slide 22: Balance Sheet

    Balance Sheet 30/06/2014 31/12/2014 30/06/2015 (TRY mn) TRY FX TOTAL TRY FX TOTAL TRY FX TOTAL Cash and Banks 398 443 841 159 576 735 776 805 1,581 Securities 2,610 367 2,977 2,929 553 3,482 2,734 946 3,680 Loans 860 8,807 9,667 1,080 9,901 10,981 1,011 11,761 12,773 Subsidiaries 308 3 311 322 6 328

  23. Slide 23: TSKB Investor Relations

    TSKB Investor Relations ir@tskb.com.tr | www.tskb.com

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