INVESTOR PRESENTATION BRSA Unconsolidated Financial Statements Highlights www.sekerbank.com.tr 30.09.2016
CONTENTS About Şekerbank 3-7 Background / Milestones Ownership Strategy & Mission Ratings Branch Network and Business Segments Financials of Şekerbank 8-24 Asset-Liability Structure Loan Structure Securities Funding Structure Foreign Borrowing SME Covered Bond Program Summary of Financials Financials & Ratios Capital Adequacy & Liquidity Duration Subsidiaries Contacts 2
BACKGROUND / MILESTONES 1953: Founded as the “Sugar Beet Cooperative Bank” in 2011: Transfer of BTA Group Eskişehir shares to Samruk Kazyna, the 2004: Head Office 1997: Initial National Welfare Fund of moved to İ stanbul Public Offering Kazakhstan 1970’s: Shift to full 2014: 2013 GRI Report service banking from 2007 : First Bank to (Global Reporting cooperative banking receive „ Corporate Initiative) Governance Rating ‟ in Turkey 1953 2014 2007: Partnership with 1956: Moved to 2011-12: First SME international investor: backed Covered Bond Ankara and renamed as (BTA Group, Kazakhstan Şekerbank issuance in the world became 33.9% shareholder) 1980’s: Concentration in commercial banking 2002: Initiation of Restructuring: Change from a traditional commercial bank to a multi channel, diversified financial institution based on customer 2010: Equity investment of IFC: and segment focused practices Personnel Social Security Foundation of Şekerbank and IFC signed an option agreement for IFC purchasing Şekerbank shares up to 5% 3
OWNERSHIP Shareholders Share in Capital % Şekerbank T,A,Ş, Voluntary Pension Fund 410.388.834 35,44% Samruk Kazyna 224.353.417 19,37% (The National Well-fare Fund of Kazakhstan) Şekerbank T.A.Ş. 109.211.666 9,43% BTA Securities JSC 17.083.367 1,48% Sugar Beet Cooperatives 1.009.312 0,09% Publicly Traded* 395.953.404 34,19% Total 1.158.000.000 100,00% * IFC has 6.07 % from the BIST /Borsa Istanbul) quoted shares. Şekerbank T.A.Ş. Publicly Traded; Voluntary Pension 34,19% Fund; 35,44% Şekerbank T.A.Ş.; Samruk Kazyna; Sugar Beet Coop. 0,09% 9,43% 19,37% BTA Securities JSC ; 1,48% 4
STRATEGY & MISSION Responsive to local characteristics and needs (Regional focus) • Community Developing very Strong Deposit Base Banking • OBJECTIVE Social / Introducing banking services to those who have never had • Sustainable banking services before through microfinance Development Environmental / Supporting Energy Efficiency investments of all • Banking segments and sectors Becoming a partner helping SMEs to grow • SME and Expertise in micro and small business including agriculture in order to Agriculture • Focus enhance its broad-based loan portfolio Focusing on the „Value Chain Concept‟ • Sector based Financing projects that provide cross-selling opportunities with the help • corporate/comm ercial banking of the bank‟s derivative products 5
RATINGS National Foreign Currency Local Currency Financial Rating Strength Rating Fitch A+(tur) BB- BB- Baa2.tr B1 B1 D- Moody’s AA-(Trk) BBB- BBB- JCR 2007 2008 2009 2010 2011 2012 2012* 2013 2014 2015 Corporate Governance Rating 70.16 81.36 86.64 87.60 88.21 90.95 90.74 90.91 91.10 91.70 *The rating methodology has been changed in 2013, In this respect, for the consistency, 2012 rating re-evaluated and rated 90.74. In 2014 Sekerbank changed the Corporate Governance rating agency to Kobirate. Between 2007 and 2013, Sekerbank is rated by ISS Corporate Services (ICS)** Kobirate*** assigns a rating score of 90.91 to Sekerbank. This rating reflects a very good overall performance of the Bank regarding its current corporate governance structures as measured against the Principles of the Turkish Capital Markets Board. The full report can be reached at: http://www.sekerbank.com.tr/en/investorrelations/corporate-governance **ICS' works with more than 1,100 clients located in the U.S., Canada, U.K. Europe and Asia, as well as other established and emerging markets Worldwide. ISS Corporate Services and Institutional Shareholder Services are subsidiaries of MSCI Inc., a publicly traded company, ISS Corporate Services is headquartered in Rockville, MD and also has offices in London and Toronto. ***Established by 5 Turkish members in June 2008 after a two-year preparation period. Kobirate Uluslararası Kredi Derecelendirme ve Kurumsal Yönetim Hizmetleri A. Ş . (Kobirate International Credit Rating and Corporate Governance Service Inc.) is a Local Credit and Corporate Governance Rating Company with a fully-paid share capital of TL 200,000. The Kobirate Credit Rating Methodology, developed at international standards so as to cover the local factors, is systematic. It includes guiding and educating features due to its basic software Perfectrate. It has a parametric infrastructure feature allowing for immediate adaptability of any changes in basic indicators proposed by the Supervisory Authorities. 6
BRANCH NETWORK AND BUSINESS SEGMENTS Sinop Kastomunu İstanbul 9 regional offices Zonguldak Samsun Artvin Edirne Rize Ordu Trabzon Çankırı Amasya Çorum Giresun Tokat Kar G.Hane Bayburt 273 Branches 71 cities Çanakkale Bursa Bilecik Broad- Ankara Erzurum Iğdır Kırıkkale Balıkesir Eskişehir Erzincan and 180 rural district Yozgat Ağrı Sivas Kırşehir Kütahya based Tunceli Bingöl Muş Nevşehir 66% of branches are Manisa Afyon Kayseri Elazığ Uşak Van Malatya Branch Aksaray Bitlis İzmir Konya located in Anatolia (out of Diyarbakır Niğde K.Maraş Isparta Siirt Adıyaman Network Aydın Denizli three big cities) Şırnak H Burdur Mardin Adana Ş.Urfa Muğla Antalya G.Antep Karaman İ H >10 Branches 6-10 Branches 2-5 Branches Single Branch No Branch • SME and Agricultural Banking: Focused on segments with annual sales of up to TL 40 million; especially on micro and small businesses including farmers. • Corporate and Commercial Banking: Services clients with revenues above TL 40 million Business offering product development, cash management, trade and project finance. Segments • Retail Banking: Provides a broad range of products including deposits, loans, credit and debit cards, investment accounts, utility payment services, gold accounts and payroll services 7
ASSET & LIABILITY STRUCTURE Asset Structure (Mln TRL) Liability Structure (Mln TRL) 24.416 23.777 22.846 24.416 23.777 22.846 4,80% 7,76% 4,51% 5,32% 8,11% 8,91% 10,35% 10,20% 10,70% 11,34% 12,30% 10,87% 19,53% 24,25% 21,77% 68,55% 69,48% 71,21% 64,97% 62,70% 60,89% 11,39% 11,07% 9,00% YE2015 Q32015 Q32016 YE2015 Q32015 Q32016 Deposits Borrowing Equity Other Cash Loans Securities Other Ratios 30.09.2016 Ratios 30.09.2016 LC Assets / Assets 82,08% Deposits / Liabilities 64,97% Loans / Assets 71,21% Deposits up to 3 months / Deposits 85,53% Securities / Assets 10,87% LC Deposits / Deposits 72,57% Loans / Deposits 109,61% Loan Loss Provision Ratio 45,38% NPL Ratio 6,24% Borrowings / Liabilities 19,53% Şekerbank 31.12.2015 31.09.2016 Capital Adequacy Ratio 13,66% 12,92% Tier I Ratio 11.32% 12,23% 8 Int.Exp. / Int.Income 53,73% 57,00%
LOANS STRUCTURE Loan Progress by years (Mln TRL) Loan Breakdown by Segments 9,19% 9,42% 10,28% 71,61% 71,30% 16.738 16.521 16.269 66,81% 5.779 5.763 4.650 22,91% 19,20% 19,28% YE2015 Q32015 Q32016 YE2015 Q32015 Q32016 Corporate SME Retail Total Cash Total Non Cash 9
LOANS STRUCTURE Loan breakdown by currency Retail Loans 2,73% 2,73% 2,80% 11,68% 11,59% 12,74% 1,65% 1,42% 2,27% 15,43% 16,35% 18,74% 83,81% 84,62% 84,84% 68,76% 67,60% 63,52% 15,38% 15,16% 16,19% YE2015 Q32015 Q32016 YE2015 Q32015 Q32016 FC LC General Purpose Mortgage Auto Credit Card Other 10
LOANS STRUCTURE con‟t (as of 30.09.2016) OUTSTANDING NUMBER OF SEGMENT / PORTFOLIO CUSTOMER SEGMENT TURNOVER CUSTOMERS TOTAL LOANS (TRL 000) CORPORATE >TL100 mln 416 3.596.353 22,91% <TL100 mln COMMERCIAL 731 2.433.253 >TL 40 mln <TL 40 mln MEDIUM 3.858 2.548.680 >TL 10 mln SME 66,81% <TL 10 mln SMALL 9.754 2.439.450 >TL 1 mln MICRO < TL 1 mln 23.964 685.157 AGRICULTURE 89.922 2.381.441 RETAIL 283.788 1.613.526 10,28% TOTAL 412.433 15.697.860 100,00% 10,28% 22,91% 66,81% Corporate SME Retail 11
LOANS STRUCTURE con‟t Cash Loan Breakdown Other Construc uction on 22% 22% 15% 15% Real Estat ate& e&Rent Rent Agricult ultur ure Services es 16% 16% 6% 6% Transpor ortat ation ion&Co Comm. 4% 4% Manufac factur uring ng Indus ustry Wholesa esale le&Ret Retail il Health& h&So Socia ial l Serv. 15% 15% 5% 5% Trade 17% 17% 12
SECURITIES Securities Breakdown Q32016 Q32015 42,66% 46,35% 56,84% 53,29% 0,49% 0,36% AFS Trading HTM AFS Trading HTM Fixed & Floating Securities (mln TRL) Q32016 0,00% 14,17% 26,81% 59,02% CPI Linker Floating Discounted Fixed Rates 13
FUNDING STRUCTURE Deposit Progress by Years (Mln TRL) Deposit Maturity Structure 11% 14% 14% 14.909 14.868 14.843 89% 86% 86% YE2015 Q32015 Q32016 YE2015 Q32015 Q32016 Time Demand Deposit breakdown by currency 61% 61% 73% 39% 39% 27% YE2015 Q32015 Q32016 FC LC 14
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