Q1’2020 Investor Presentation Albaraka Türk Participation Bank 20 May 2020
Agenda 1 Financial Highlights 2 Market Comparison Appendix 3
3 Albaraka Turk – Q1’20 At a Glance Key Ratios Balance Sheet YtD (Million TRL) Q4’19 Q1’20 Q-Q (%) % Q4’19 Q1’20 (bps) Total Assets 51.392 55.552 8,09 Total Funded Credits (Net) 29.749 33.890 13,92 CAR 14,97 14,49 -48 Total NPLs 2.222 2.362 6,30 Deposits (incl. Interbank) 39.769 43.277 8,82 Tier 1 10,66 9,96 -70 Shareholder’s Equity 3.822 3.780 -1,09 Income Statement -48 NPL 7,19 6,71 (Million TRL) Q1’19 Q1’20 Y-Y (%) Provisioning 447 Net Profit Share Income 196 373 90,12 42,61 47,08 Stage III Net Fees & Commissions 70 61 -12,42 -25.24 Provisions for Loan Loss 325 243 Net Profit Share 2,10 2,41 31 Margin 270 308 14,11 Operating Expenses * Cost/Income 55,89 54,41 -148 -55,61 Net Profit 27 12 * including personnel expenses
4 6 Q1’20 Main Highlights (Million TRL) Total Assets Total Funded Credits Total Collected Funds Net Profit 98 55.552 51.392 46.295 44.594 43.886 43.277 39.769 63 33.890 34.794 30.628 33.045 26.498 29.749 27.771 27.140 36 27 12 Q1'16 Q1'17 Q1'18 Q1'19 Q1'20 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Net Profit Share Margin* Common Equity Tier I Additional Tier I Additional Tier II 14,97 % 14,49 % 4,31 % 4,53 2,62 2,26 % 2,41 2,13 2,28 2,1 1,58 8,40 % 7,83 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q4'19 Q1'20 * Trailing for last 4 quarters
5 7 Asset Composition Liquid Assets (Million TRL) Composition of Total Assets (Q1’20) Other Liquid Assets % of Total Assets Assets; 4,6% 34,8% 33,0% 32,5% 29,0% Other 28,9% Liquid Funded Assets*; Credits; 18,6% 61,0% 15.510 12.663 15.266 17.215 16.114 Securities Portfolio; Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 15,9% *Liquid Assets includes Cash and Cash Equivalents, Financial Assets Measured at Fair Value * Other Liquid Assets includes Cash and Cash Equivalents and Derivative Financial Assets through Profit/Loss, Financial Assets Measured at Fair Value through Other Comprehensive Income. Securities Yield (%) Total Securities Portfolio (Million TRL) 8.827 3.845 6.243 5.481 5.112 2.234 12,92 2.024 1.615 11,60 3.533 10,06 3.010 8,75 1.994 1.195 7,32 1.435 1.562 549 2.062 2.015 1.972 1.895 1.789 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 (*) Profit share income received from securities for the last 4Q/5Q average securities Available for sale Held to Maturity Other Marketable Securities
6 6 Operating Performance Breakdown Key Movements in Income (Million TRL) Net Profit Share Income (Quarterly) (Million) 376 373 -36 -41 4 -189 1.039 1.302 196 144 108 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q1'19 Profit Share Fees & Trading Others Q1'20 Income Comm Income Cost & Yield Movement (%) Net Fees and Commission Income (Million) 70 76 Credit Yield Net Profit Share margin Cost of Collected Funds 61 10,76% 10,92% 10,33% 10,58% 10,18% 102 98 95 7,46% 7,61% 7,17% 7,13% 6,15% -25 2,62% -26 2,10% 2,28% -37 1,58% 2,41% Q1’19 Q1’20 Q4’19 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Fees and Commissions Received Fees and Commissions Paid
7 Funded Credits Portfolio Yield on Performing Credits (%) Total Funded Credits (including financial leasing, million) 17,9% Q1’19 Q4’19 Q1’20 YtD Y-Y 16,2% 13.243 14.205 15.707 10,57% 18,61% TL Credits, TL 10,7% 10,9% 8,59% 58,36% FC Credits, $* 1.549 2.259 2.453 5,70% 6,4% -12,36% -80,89% FC Indexed, $* 1.669 364 319 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Yield on TL Loans, adjusted, trailing 13,92% 30,66% 25.938 29.749 33.890 Total Credits, TL Blended Yield, adjusted Yield on FX Denominated Loans, trailing *USD equivalent Profit share income received from credits for the last 4Q/4Q average credits Currency Composition of Total Funded Credits* (Q1’20) Composition of Total Funded Credits (%) 1% 17% Q1’19 Q2’19 Q3’19 Q4’19 Q1’20 TRL Corporate Credits 41.9 47.1 47.5 48.9 58,3 46% USD* SME Credits 48.6 44.2 43.9 42.1 32,7 EUR* 36% Retail Credits 9.6 8.7 8.6 9.0 9.1 Other *Including USD & EUR indexed credits According to BRSA definition
8 Asset Quality Gross Funded Credits by Groups (including financial leasing, million) NPL Ratio (%) 35.204 6,7% 30.881 7,74 29.103 28.491 10,2% 27.778 7,2% 7,3% 7,7% 7,4% 11,9% 7,36 14,1% 7,31 13,8% 15,2% 7,19 83,1% 6,71 80,9% 78,6% 78,4% 77,5% Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Group I Group II Group III Including financial leasing & accruals and rediscounts Cost of Risk (bps) Provisioning (Stage III) 257 70,0% 229 52,2% 218 47,08% 213 60,0% 51,9% 52,3% 183 42,6% 50,0% 40,0% 30,0% 1.152 1.112 1.104 1.069 947 20,0% 10,0% 0,0% Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Specific provisions for credits for last 4Q/ 5Q average credits Lifetime ECL Impaired Credits (Stage 3) (Million TRL) Provisioning Ratio (%)
9 Asset Quality NPL Formation Trend (Quarterly) NPL Inflow Sector Distribution (Q1’20) 677 15,6% 10,0% 9,3% 11,6% 369 12,2% 12,5% 28,9% 189 128 119 315 237 154 243 164 529 465 266 120 145 70 84 78 79 64 Manufacturing Construction & Real Estate Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Trading Textile Transportation Education Additions (million TRL) Recoveries (million TRL) Others Net NPL Formation (million TRL) Net NPL Formation Rate (bps) Stage II Credits Sector Distribution (Q1’20) Stage II-III Coverage Q1’20 (Million TRL) 11,3% 12,6% 84 34,5% 4,7% 9,0% 1.112 27,8% 3.582 3.634 2.362 1.527 Manufacturing Construction Trading Stage 2 Stage 2 Stage 3 Stage 3 Energy Hotels&Restaurants Others Risk amount Collateral Provision *Includes construction of power plant projects
10 Funding Profile Composition of Funding Base (Million TRL) Composition of Total Liabilities (Q1’20,%) 3,5% 25% Funds Collected 6,8% 45.697 49.820 40.881 39.978 39.231 11,8% Wholesale Funding 52% 56% 57% 57% Shareholders' 58% Equity 77,9% Others 23% 27% 27% 31% 30% 25% (Million TRL) 16% 15% 13% 13% Q4’19 Q1’20 YtD Growth % Funds Collected (incl. Bank deposits) 8,8 39.769 43.227 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Wholesale Funding 10,4 5.928 6.543 Fund Borrowed* Current Accounts Participation accounts Funds Borrowed * Fund Borrowed includes Funds Borrowed , Borrowings from Money Market and Subordinated Loans 4.535 4.952 9,2 Syndicated Loans - - - Maturity Profile of Liabilities (Million USD) Wakala 979 1.708 74,6 Issued Lease Certificates & Sukuk 2.743 2.420 -11,8 Other 205 >2030 813 824 1,3 Sub-Ordinated Debt (Tier 2) 1.375 1.571 14,2 Interbank 18 20 10,9 250 2025 Shareholders’ Equity -1,1 3.822 3.780 Paid in Capital 50,0 900 1.350 Other Liabilities 1.873 1.952 4,2 0 100 200 300 Total Liabilities 51.392 55.552 8,1 Tier 1 Sukuk (Perpetual) Tier 2 Sukuk
11 Funding Profile (Collected Funds) Currency Composition of Funds Collected (Q1’20,%) Total Funds Collected (Million TRL) Q4’19 Q1’20 YtD Funds Collected 39.769 43.277 8,8% 7,4 Current Accounts 13.902 15.211 9,4% TRL 17,8 Current Accounts TL 4.199 4.385 4,4% 37,1 USD 1.637 1.651 0,9% Current Accounts, FC, $ EUR Participation Accounts 25.867 28.065 8,5% Others Participation Accounts TL 10.497 11.666 11,1% Participation Accounts FC, $ 2.593 2.500 -3,6% 37,7 *USD equivalent of FC accounts Maturity Composition of Funds Collected (Q1’20,%) Cost of Funds Collected* Blended TL FC Precious Metal 15,26% 14,67% 3 4,5 14,11% 12,63% 12,95% Current Acc. 35,1 7,61% 7,46% 7,17% Up to 1 month 7,13% 6,15% 2,56% 38,8 Up to 3 months 2,50% 2,35% 2,14% 1,73% 0,27% Up to 1 year 0,94% 0,68% 0,30% 0,40% 18,5 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 >1year *Profit share expense to depositors for the last 4Q/5Q average participation accounts
12 Off Balance Sheet Growth Off Balance Sheet Composition (%) LGs*-to-Total Assets *Below 20% of LGs to Total Assets is targeted LG LC Others 14.832 12.675 16.066 13.753 20.648 18,8% 21 18,6% 30 35 37 17,7% 17,0% 10 53 10 15,9% 10 8 7 69 60 55 55 40 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Guarantees & Sureties (TRL million) Growth (%) Q1’19 Q2’19 Q3’19 Q4’19 Q1’20 YtD Y-Y 1,2% 6,3% Letter of Guarantee 8.304 8.251 8.192 8.718 8.826 25,0% 16,8% 1.423 1.328 1.180 1.330 1.662 Letter of Credit 424 409 347 383 369 -3,7% -13,0% Others* Total: 10.151 9.998 9.722 10.431 10.857 4,1% 7,0% *Revocable credit limits not included.
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