summary financials (tl mn)€¦ · 2 investor relations q2 2014 earnings presentation summary...
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2INVESTOR RELATIONS
Q2 2014 EARNINGS PRESENTATION
Summary Financials (TL mn)
2009 2010 2011 2012 2013 2Q14 y/y q/q
Assets 11,609 14,513 17,190 21,390 27,785 20,719 -19% -11%
Cash Loans+Leasing 8,355 11,060 13,452 16,307 21,257 15,420 -22% -11%
Securities 161 474 858 800 1,273 1,130 22% -1%
Deposits 9,137 11,167 12,397 15,742 18,512 13,641 -25% -3%
Non-cash Loans 8,886 9,227 9,349 7,977 9,338 8,775 2% -5%
Funds Borrowed 191 622 1,458 1,815 4,352 2,622 -19% -37%
Shareholders’ Equity 1,708 1,942 2,137 2,349 2,511 2,572 5% 1%
Net Profit 301 260 216 190 181 11 -81% -74%
5450
36
45
5561
20
41
11
2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14
Net Profit (TL mn)
* Includes USD 250mn Subordinated Loan
3
TL mn 2Q14 1Q14 2Q13 y/y q/q
Cash & CBT 2,726 3,167 3,618 -25% -14%
Banks 280 313 270 4% -11%
Securities 1,130 1,144 928 22% -1%
Cash Loans + Leasing 15,420 17,320 19,686 -22% -11%
Net NPL 1,098 669 307 258% 64%
Gross NPL 1,561 1,206 831 88% 29%
NPL Provisions (-) 464 538 524 -11% -14%
Other Assets 1,163 1,295 1,164 0% -10%
Deposits 13,641 14,017 18,173 -25% -3%
Funds Borrowed 2,080 3,612 2,765 -25% -42%
Other Liabilities 1,885 2,509 1,797 5% -25%
Subordinated Loans 541 548 491 10% -1%
Shareholder’s Equity 2,572 2,552 2,4391 -89% 1%
Total Assets/Liabilities 20,719 23,238 25,666 -19% -11%
Non Cash Loans 8,775 9,222 8,631 2% -5%
INVESTOR RELATIONS
Q2 2014 EARNINGS PRESENTATION
Balance Sheet Highlights
4
TL mn 2Q14 1Q14 2Q13 y/y q/q 1H14 1H13 y/y
Profit Share Income 315 431 453 -30% -27% 746 859 -13%
Profit Share Expense 172 212 209 -18% -19% 384 397 -3%
Net Profit Share Income 142 219 243 -42% -35% 361 462 -22%
Net Fee&Commission Income 55 57 82 -33% -4% 112 156 -28%
Core Banking Income 197 275 325 -39% -28% 473 617 -23%
Trading Income -12 -12 9 -233% 0% 24 23 n.m.
Other Income + Dividends 384 154 61 530% 149% 538 96 461%
Total Operating Income 569 417 396 44% 36% 987 736 34%
Provisions 351 182 135 160% 93% 533 241 121%
LLP 360 141 103 250% 155% 501 177 183%
OPEX 198 200 192 3% -1% 399 373 7%
Total Operating Expenses 550 382 327 68% 44% 932 614 52%
Net Operating Income 20 35 69 -71% -43% 55 122 -55%
Tax 9 -5 13 -31% -280% 3 22 -86%
Net Income 11 41 55 -80% -73% 51 100 -49%
INVESTOR RELATIONS
Q2 2014 EARNINGS PRESENTATION
Income Statement Highlights
5*Source: Bank Asya, BRSA
Bank Asya Participation Banking Banking Sector
KPIs* 2Q14 1Q14 2Q13 2Q14 1Q14 2Q13 2Q14 1Q14 2Q13
1- Asset Quality
NPL Ratio 9.83% 6.76% 4.11% 3.47% 3.82% 3.11% 2.70% 2.87% 2.71%
NPL Coverage 29.7% 44.6% 63.0% 61.2% 62.3% 69.9% 75.8% 76.7% 74.8%
Specific Cost of Risk, (q) 8.79% 2.93% 2.23% 2.63% 1.65% 1.52% 1.20% 1.13% 1.24%
2- Efficiency
PSE / PSI 54.8% 49.2% 46.3% 52.7% 51.6% 47.4% 54.9% 54.6% 44.8%
Cost / Income 34.8% 48.0% 48.6% 44.3% 48.5% 46.6% 45.0% 44.8% 40.7%
NFCI / OPEX 27.8% 28.3% 42.6% 40.6% 38.0% 49.8% 49.6% 47.9% 51.4%
Personnel / Branch 17.1 17.9 19.1 17.3 17.5 18.5 17.8 17.9 18.3
3- Capitalization
CAR 17.49% 16.23% 14.52% 15.04% 14.45% 14.80% 16.31% 15.75% 16.33%
4- Profitability (q)
NIM 3.20% 4.22% 4.84% 3.94% 4.03% 4.32% 4.11% 4.06% 4.63%
RoAA 0.19% 0.64% 0.90% 1.19% 1.12% 1.37% 1.43% 1.37% 1.88%
RoAE 1.65% 6.45% 9.16% 12.11% 12.1% 13.65% 12.39% 12.30% 14.75%
5- Leverage
Loan / Deposit 113.0% 123.6% 108.3% 106.9% 105.0% 108.6% 119.9% 113.1% 114.5%
Non Cash / Cash Loans 56.9% 53.2% 43.8% 50.4% 54.6% 50.5% 30.0% 32.0% 29.1%
INVESTOR RELATIONS
Q2 2014 EARNINGS PRESENTATION
Key Performance Indicators
6INVESTOR RELATIONS
Q2 2014 EARNINGS PRESENTATION
Assets
77%75% 77%
75%74%
4%
4% 4%
5%
5%
5%
8% 5%
10%
1%
14%
14%14%
11%
19%
2Q13 3Q13 4Q13 1Q14 2Q14
Cash Loans+Leasing Securities Placement at Banks & CBT Non-PSEA
25,666
57% 59% 58% 63% 63%
43% 41% 42% 37% 37%
2Q13 3Q13 4Q13 1Q14 2Q14
TL FC
9.5%
8.9% 8.7%8.5%
7.1%6.7% 7.9%
7.8%
7.7%
8.0%
9.0% 8.1%
7.7%
8.0%
8.0%
2Q13 3Q13 4Q13 1Q14 2Q14
Cash Loan Securities Leasing
Asset Breakdown (TL mn)
Asset Breakdown, by currency Asset Yields
• Total Assets declined by 19% and 11% y/y and q/q at
the end of 2Q14.28,388
Market Share – Assets 2Q14
In Banking Sector 1.13%
In Participation Banking Sector 20.6%
27,785
23,238
20,719
7INVESTOR RELATIONS
Q2 2014 EARNINGS PRESENTATION
Cash Loans
31%39%
43%
39%36%
44%
35%30%
31%
32%
14%14% 15%
17%
18%
9%
9% 9%
10%
10%
2%
3% 3%
3%
3%
2Q13 3Q13 4Q13 1Q14 2Q14
SME Corporate Retail Credit Card Leasing
60% 60% 60% 60% 63%
40% 40% 40% 40% 37%
2Q13 3Q13 4Q13 1Q14 2Q14
TL FC
Cash Loan Breakdown (TL mn)
Cash Loan Breakdown, by currency * Cash Loan Breakdown, by maturity
16% 16% 15% 20% 16%
13% 14% 13%11% 11%
35% 33% 35% 33% 34%
36% 38% 38% 39% 40%
2Q13 3Q13 4Q13 1Q14 2Q14
0-1m 1-3m 3-12m 12m+
* Adjusted by FX indexed loans
Market Share – Cash Loans 2Q14
In Banking Sector 1.32%
In Participation Banking Sector 24.0%
19,686
21,187 21,257
17,320
• Cash Loans + Leasing decreased by 22% and 11% y/y
and q/q at 2Q14-end.
15,420
8INVESTOR RELATIONS
Q2 2014 EARNINGS PRESENTATION
Non-cash Loans
78%78% 79% 79% 79%
15%
14% 13%12%
11%
7%
8% 8%10%
11%
2Q13 3Q13 4Q13 1Q14 2Q14
LG LC Other
45% 46% 46% 44% 47%
55% 54% 54% 56% 53%
2Q13 3Q13 4Q13 1Q14 2Q14
TL FC
1.35%
1.39% 1.20% 1.21%
1.17%
2Q13 3Q13 4Q13 1Q14 2Q14
Non-cash Loan Breakdown (TL mn)
Non-cash Loan Breakdown, by currencyNon-cash Loan Yields
2Q13 3Q13 4Q13 1Q14 2Q14
N.C.L. / Assets 43.8% 43.4% 43.9% 39.7% 42.4%
N.C.L. / Cash Loans 33.6% 32.4% 33.6% 53.2% 56.9%
Market Share in Non-cash Loans 2Q14
In Banking Sector 2.50%
In Participation Banking Sector 26.2%
8,631
9,200 9,338 9,222
8,775
9
Sectors Cash Loans % Non-cash Loans % Cash + Non-cash Loans %
Construction 20.2% 25.0% 22.4%
-Contractors 10.3% 21.9% 15.5%
-Residential Construction 10.0% 3.2% 6.9%
Energy 15.1% 13.7% 14.5%
Textile 8.7% 7.2% 8.0%
Food 6.9% 5.2% 6.1%
Transportation 4.3% 5.6% 4.9%
Metal 4.6% 4.9% 4.7%
Tourism 4.2% 2.6% 3.5%
Education 4.7% 0.7% 2.9%
Other Services 3.5% 5.3% 4.3%
Automotive 3.0% 1.8% 2.5%
Other Sectors 24.7% 27.8% 26.1%
INVESTOR RELATIONS
Q2 2014 EARNINGS PRESENTATION
Sector Concentration
First 10 sector clients comprise,
• 75.3% of Total Cash Loans
• 72.2% of Total Non-cash Loans
• 73.9% of Total Cash + Non-cash Loans
10INVESTOR RELATIONS
Q2 2014 EARNINGS PRESENTATION
Asset Quality
4.1%3.8%
5.3%
6.8%
9.8%
2Q13 3Q13 4Q13 1Q14 2Q14
63%
46%44% 45%
30%
2Q13 3Q13 4Q13 1Q14 2Q14
2.4% 2.5%
2.1%2.2%
2.5%
2Q13 3Q13 4Q13 1Q14 2Q14
8.6%8.0%
9.1%
12.1%
9.6%
2Q13 3Q13 4Q13 1Q14 2Q14
2.24%
2.08%
2.34%
2.66%
4.06%
2Q13 3Q13 4Q13 1Q14 2Q14
1.57%
1.32%
1.51%1.58%
2.59%
2Q13 3Q13 4Q13 1Q14 2Q14
NPL Ratio Restructured Loans Trailing Gross CoR
NPL Coverage Group 2 Loans Trailing Net CoR
11INVESTOR RELATIONS
Q2 2014 EARNINGS PRESENTATION
Liabilities & Equity
71%69% 67%
60% 66%
2%3%
4%2%
13%
13% 15%
18%
13%
6%
7% 6%
7%
7%
10%
9%9%
11%
12%
2Q13 3Q13 4Q13 1Q14 2Q14
Deposit Liab. To MM Borrowing Non-PSBL Equity
58% 57% 56% 57% 58%
42% 43% 44% 43% 42%
2Q13 3Q13 4Q13 1Q14 2Q14
TL FC
Liabilities & Equity Breakdown
Liabilities & Equity Breakdown, by currency
2Q13 3Q13 4Q13 1Q14 2Q14
Assets / Equity 10.5x 11.4x 11.1x 9.1X 8.1X
Loan / Deposit 108.3% 108.9% 114.8% 123.6% 113.0%25,666
28,388 27,785
23,238
4.0%
3.7%
4.0%
3.8%3.7%
3.6% 3.6%
3.8%
4.0%
3.5%
2Q13 3Q13 4Q13 1Q14 2Q14
Deposit Borrowing
Costs
20,719
12INVESTOR RELATIONS
Q2 2014 EARNINGS PRESENTATION
Deposits
21% 21% 23%22% 22%
32%31% 32%
31% 20%
21%22% 22%
30% 35%
2%3% 2%
6% 6%
3%
1%1%
2% 2%
22%
21%20%
19% 16%
2Q13 3Q13 4Q13 1Q14 2Q14
Current <1m <3m <6m <12m 12m+
59% 57% 57% 58% 56%
41% 43% 43% 42% 44%
2Q13 3Q13 4Q13 1Q14 2Q14
TL FC
Deposit Breakdown, by maturity
Deposit Breakdown, by currencyGold Deposits /
Total Deposits2Q13 3Q13 4Q13 1Q14 2Q14
Current 4.7% 4.3% 4.5% 3.9% 3.6%
Participation 2.6% 2.7% 2.8% 3.9% 4.2%
Market Share – Deposits 2Q14
In Banking Sector 1.40%
In Participation Banking Sector 22.0%
18,173
19,46118,512
14,017
• Deposits declined by 25% and 3%, y/y and q/q
respectively at 2Q14-end.
13,641
13INVESTOR RELATIONS
Q2 2014 EARNINGS PRESENTATION
Income & Expense
64% 62% 64%50%
23%
21% 21% 19%
14%
10%
15%17%
17%37%
67%
2Q13 3Q13 4Q13 1Q14 2Q14
Adj. NII NFCI Other Inc.
Income Breakdown
(TL mn)
64%68% 64%
24%
22%21%
12%
10%
15%
2011 2012 2013
Adj. NII NFCI Other Inc.
36% 30% 37% 48%36%
33% 40% 35%32%
36%
31%30%
28%
20% 27%
2Q13 3Q13 4Q13 1Q14 2Q14
Non Cash Related Credit Cards Other
NFCI Breakdown
(TL mn)
51% 43% 35%
23% 30% 35%
26%27%
30%
2011 2012 2013
Non Cash Related Credit Cards Other
46.3% 44.2% 48.0% 49.2%54.8%
2Q13 3Q13 4Q13 1Q14 2Q14
PSE / PSI
PSE / PSI 50.6%47.4% 46.2%
2011 2012 2013
PSE / PSI
396426 401
1,061
1,333
1,563
8289
76 260287
321
417
57
569
55
14INVESTOR RELATIONS
Q2 2014 EARNINGS PRESENTATION
Income & Expense
49% 47% 44% 49% 40%
10% 10% 10% 11% 11%
41%43%
46%40% 49%
2Q13 3Q13 4Q13 1Q14 2Q14
Personnel Rental Other
OPEX Breakdown
(TL mn)
47% 47% 47%
10%10%
10%43%
43%
43%
2011 2012 2013
Personnel Rental Othe
76% 82%83% 91%
102%
13% 11%
-16%
3%
2%
11% 6%25% 19%
-5%
2Q13 3Q13 4Q13 1Q13 2Q14
Specific General Other
Provision
Breakdown (TL mn)
75%
81%
81%
4%
15%
5%
21%
4%
14%
2011 2012 2013
Specific General Other
48.6% 48.1%
55.3%
48.0%
34.8%
2Q13 3Q13 4Q13 1Q14 2Q14
C / I
C / I 53.1%50.5% 51.2%
2011 2012 2013
C / I
192205
222
563
674
799
135 139
170
228
414
550
200
182
198
351
15INVESTOR RELATIONS
Q2 2014 EARNINGS PRESENTATION
Profitability: Net Profit Share Margin (NPSM = NIM) / RoAE / RoAA
4.8% 4.8%4.4% 4.2%
3.2%
5.0%4.8%
4.5%
4.0%
2.9%
2Q13 3Q13 4Q13 1Q14 2Q14
NPSM Adj. NPSM
5.1%4.8%
4.6% 4.6%4.3%
5.3%5.0%
4.7% 4.6%4.2%
2Q13 3Q13 4Q13 1Q14 2Q14
NPSM Adj. NPSM
9.2%9.8%
3.1%
6.4%
1.7%
7.9% 8.2%7.4% 7.1%
5.2%
2Q13 3Q13 4Q13 1Q14 2Q14
Quarterly Trailing
NPSM & Adj. NPSM, quarterly
Quarterly & Trailing RoAE
NPSM & Adj. NPSM, trailing
0.9% 0.9%
0.3%
0.6%
0.2%
0.9% 0.8%
0.7% 0.7%
0.5%
2Q13 3Q13 4Q13 1Q14 2Q14
Quarterly Trailing
Quarterly & Trailing RoAA
16INVESTOR RELATIONS
Q2 2014 EARNINGS PRESENTATION
Capitalization
12.15% 11.86% 11.75%13.35%
14.46%
2.37% 2.36% 2.53%
2.88%3.03%
2Q13 3Q13 4Q13 1Q14 2Q14
Tier 1 Tier 2
90% 90% 91%90%
85%
10%10% 9%
10%15%
2Q13 3Q13 4Q13 1Q14 2Q14
Credit Risk Other Risks
79% 76% 78% 82% 86%
2Q13 3Q13 4Q13 1Q14 2Q14
14.52%14.22% 14.27%
16.23%
17.49%
14.80%14.35%
14.00%14.45%
15.04%
16.33%
15.74%15.30%
15.75%
16.31%
2Q13 3Q13 4Q13 1Q14 2Q14
Bank Asya Part. Banks Banking Sec.
CAR (Tier 1+Tier 2) RWA Breakdown, (TL mn)
CAR Comparison RWA / Assets
14.52% 14.22%
18,46620,336 21,592
14.27%19,041
16.23%
17,870
17.49%
17INVESTOR RELATIONS
Q2 2014 EARNINGS PRESENTATION
Retail Network
2,0221,910
1,8501,759
1,655
2Q13 3Q13 4Q13 1Q14 2Q14
# of Credit Cards, (‘000)
269
281 281 281 281
2Q13 3Q13 4Q13 1Q14 2Q14
# of Branches
91,00187,878 89,693 89,905
90,696
2Q13 3Q13 4Q13 1Q14 2Q14
# of POS
831891
963 9901,003
2Q13 3Q13 4Q13 1Q14 2Q14
# of ATMs
18INVESTOR RELATIONS
Q2 2014 EARNINGS PRESENTATION
Branch & Personnel
2011 2012 2Q13 3Q13 4Q13 1Q14 2Q14
# of Personnel 4,542 5,064 5,146 5,182 5,075 5,027 4,819
# of Branches 200 251 269 281 281 281 281
Personnel per Branch 22.7 20.2 19.1 18.4 18.1 17.9 17.1
19INVESTOR RELATIONS
Q2 2014 EARNINGS PRESENTATION
Subsidiaries & Affiliates
SubsidiariesField of
Operations
Bank’s
Share
Isik Insurance Insurance 67.5%
Tuna GYO REIC 69.4%
Asya Emeklilik ve Hayat Pension 98%
Dialog Musteri Hizmetleri Call Center 100%
Asya Menkul Degerler Brokerage House 100%
Asya Varlik Kiralama Asset Leasing 100%
Nil Yonetim Hizmetleri Operational Services 99.9%
Asya Portfoy YonetimiPortfolio
Management100%
Asya Girisim Sermayesi Venture Capital 100%
AffiliatesField of
Operations
Bank’s
Share
Landmark Holding Private Label
Producer
21.8%
Tamweel Holding Financial Holding in
Africa
40%
Kredi Garanti Fonu Credit Guarantee
Fund
1.75%
20INVESTOR RELATIONS
Q2 2014 EARNINGS PRESENTATION
Shareholding Structure
B Type60%
A Type*40%
A Type Shares* B Type Shares
* A Type shareholders have only privilage to nominate the board members.
* Group A shares are owned by 185 shareholders
Ortadogu Tekstil
12%
Forum Insaat10%
Surat Basim7%
BJ Tekstil6%
Abdulkadir Konukoglu
5%
Other60%
Free Float54.05%
Other B Type5.95%
SHAREHOLDING STRUCTURE
Disclaimer Statement
The information and opinions contained in this document have been complied or arrived at by Asya Katılım Bankası A.Ş. from sources believed to be reliable and in good faith, but no
representation or warranty, expressed or implied, is made as to their accuracy, completeness or correctness. All opinions and estimates contained in this document constitute the
Company’s judgment as of the date of this document and are subject to change without notice. The information contained in this document is published for the assistance of recipients, but
is not to be relied upon authoritative or taken in substitution for the exercise of judgment by any recipient. The company does not accept any liability whatsoever for any direct or
consequential loss arising from any use of this document or its content. This document is strictly confidential and may not be reproduced, distributed or published for any purpose.
There materials contain statemens about future events and expectations that are forward-looking statements. Any statement in these materials that is not a statement of historical fact is a
forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially
different from any future results, performance or achievements expressed or implied by such forward-looking statements. Except to the extent required by law, we assume no obligations
or undertaking to update or revise any forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements. As a
result, you are cautioned not to place undue reliance on any forward-looking statements. The Bank, its advisers and each of their respective members, directors, officers and employees
disclaim any liability in case projections and plans given in this document are not realised.
Bank Asya
Investor Relations
Saray Mahallesi Dr. Adnan Büyükdeniz Caddesi No:10 34768 Ümraniye / İSTANBUL