Yapi ve Kredi Bankasi A.S. · BIST:YKBNK
Yapi ve Kredi Bankasi A.S — Yapı Kredi — Investor Presentation (November 2005)
29 slides from Yapi ve Kredi Bankasi A.S's investor presentation, November 2005
Slide 1: Yapı Kredi, November 2005
YAPINXY KREDi YAPI KREDi November 2005 GAKoe 3 “sé UniCredit
Slide 2: Yapı Kredi: Evolution of the Leading Retail Bank in Turkey
YAPI KREDI:EVOLUTION OF THE LEADING RETAIL BANK IN TURKEY A Strategic Plan Yapı is the The bank Implementation has been adopted leader bank in initiated of the program aiming basically at: Turkish Retail customer focused exploring new markets, Banking Sector 2nd Change extending branch network, Prog
Slide 3: Yapı Kredi: Extensive Network Offering Full Range of Banking Services
YAPI KREDI: EXTENSIVE NETWORK OFFERING FULL RANGE OF BANKING SERVICES Domestic Network 410 Retail and 9 Corporate Branches Nationwide Alternative Distribution Channels Complementary International Presence Financial Services Wholly-owned subsidiaries in: Leasing Germany Factoring Netherlands Insuranc
Slide 4: Yapı Kredi: Alternative Distribution Channels
YAPI KREDI:ALTERNATIVE DISTRIBUTION CHANNELS Internet Banking Call Center 730,000 active users Established in May 1998 All banking transactions Currently 499 people can be executed working as agents or team leaders 570,000 Teletel Mobile Banking customers Inquiries, payments and money transfers can
Slide 5: Market Shares of Yapı Kredi: Leader and Pioneer in Retail Banking
MARKET SHARES OF YAPI KREDI : LEADER AND PIONEER IN RETAIL BANKING Yapı Kredi by numbers; Size #1 number of credit cards 5.3 million #1 in credit cards business volume* $11.1 billion #3 in number of POS terminals 150,000 #1 in POS business volume* $11.6 billion #2 in number of ATMs 1,470 * Volume fo
Slide 6: Market Shares October 2005
MARKET SHARES October 2005 (%) Rank* Deposits 7.0 4 Loans 7.0 4 Non-cash loans** 15.7 1 Credit cards issuing volume 23.9 1 Credit cards acquiring volume 24.8 1 Foreign currency transaction volume 8.8 - Money transfers 12.6 3 Cheques collected (volume) 6.9 3 Cheques issued (volume) 8.0 3 *Among priva
Slide 7: Financial Highlights
FINANCIAL HIGHLIGHTS* (US$ mn) 31.12.2004 30.09.2005 Change % Total assets 18,349 17,215 -6.2 Securities portfolio 4,240 5,004 18.0 Loans 7,493 7,411 -1.1 Deposits 10,651 11,595 8.9 Shareholders’ Equity 3,457 1,543 -55.4 *unconsolidated financial statements prepared in accordance with BRSA regulatio
Slide 8: Composition of Assets and Liabilities
COMPOSITION OF ASSETS AND LIABILITIES Assets Liabilities (US$ mn) (US$ mn) 20,000 20,000 12% 19% 9% 9% 15,000 13% 20% 10% 15,000 17% 7% 12% 5% 4% 5% 20% 15% 4% 12% 7% 13% 4% 10,000 43% 10,000 4% 10% 20% 8% 41% 38% 5,000 38% 5,000 29% 69% 64% 58% 67% 22% 25% 23% 0 7% 4% 4% 9% 0 2002 2003 2004 Q3 2005
Slide 9: Loans: Composition and NPL Ratio
LOANS Composition of Loans* NPL Ratio (US$ mn) (%) (%) 7000 14 120 115 6000 11% 110 12 105 100 5000 9% 10 95 90 85 41% 80 4000 8 75 12% 43% 70 65 3000 6 60 34% 55 2000 8% 22% 4 50 20% 45 31% 20% 40 35 1000 20% 2 30 34% 28% 26% 25 41% 0 20 0 2001* 2002 2003 Q1 Q2 Q3 2004 Q1 Q2 Q3 2002 2003 2004 Q3 20
Slide 10: Composition of Customer Deposits
COMPOSITION OF CUSTOMER DEPOSITS TL vs FC deposits Demand vs Time deposits (US$ mn) (US$ mn) 11000 11000 10000 10000 9000 9000 8000 50% 8000 7000 56% 56% 65% 7000 80% 80% 6000 6000 78% 5000 79% 5000 4000 4000 3000 3000 44% 44% 50% 2000 2000 35% 1000 1000 21% 22% 20% 20% 0 0 2002 2003 2004 Q3 2005 20
Slide 11: Risk Weighted Assets - Capital Base - CAR
RISK WEIGHTED ASSETS - CAPITAL BASE - CAR (US$ mn) 31.12.2003* 31.12.2004 30.09.2005 Risk Weighted Assets 11,423 16,201 16,538 Capital Base 2,121 2,967 599 Capital Adequacy Ratio 18.6% 18.3% 3.6% Tier 1 Ratio 19.2% 15.5% 3.9% *due to the gap between inflation and devaluation rates, 2003 figures have
Slide 12: Income Statement
INCOME STATEMENT 9 month cumulative loss NTL 2,501 million 3rd quarter net loss NTL 2,377 million ADJUSTMENTS: Loans and receivables - NTL 1,350 million Equity investments - NTL 360 million Fixed assets - NTL 830 million Others - NTL 110 million Tax credit + NTL 150 million Total adjustments - NTL 2
Slide 13: Change of Ownership
CHANGE OF OWNERSHIP 9 28 September 2005: The transfer of 57.4% of Yapi Kredi shares held by Çukurova Group (44.5%) and Savings Deposit Insurance Fund (12.9%) to Koçbank A.Ş. (100% owned by KFS) has been completed. 9 In the Extraordinary General Shareholders meeting held subsequently, Dr. Rüşdü Saraç
Slide 14: Change of Ownership: Board and CEO
CHANGE OF OWNERSHIP 9 Mr. Rüşdü Saraçoğlu is appointed as Chairman of the Board, Mr. Andrea Moneta is appointed as Vice Chairman of the Board. 9 Mr. Kemal Kaya is appointed as the new CEO of the Bank. 14
Slide 15: New Ownership Structure
NEW OWNERSHIP STRUCTURE Free Float* 42.6 % Koçbank A.Ş. 57.4 % 9 Koçbank A.Ş. is 100% owned by Koç Financial Services which is a joint venture of Koç Group and Unicredito. * Currently, 43% of the float is held by domestic shareholders while 57% is held by foreign institutional investors 15
Slide 16: Turkcell Sale
TURKCELL SALE 9 The transfer of Turkcell Holding and Turkcell İletişim shares to Çukurova Group companies has been finalized on November 28, 2005 and the total proceeds of NTL 1,638,001,443.71 has been received in cash. As a result of this sale, it has been decided to add the sale profit of NTL 1,14
Slide 17: KFS: An Integrated and Well Capitalized Financial Services Provider
KFS AN INTEGRATED AND WELL CAPITALIZED FINANCIAL SERVICES PROVIDER TOTAL UNICREDIT INVESTMENT USD 260 MLN IN OCTOBER 2002 AND EUR 500 MLN IN SEPTEMBER 2005 %50 %50 KOÇ FINANCIAL SERVICES KOÇ KOÇ KOÇ KOÇ KOÇBANK KOÇBANK KOÇBANK YATIRIM PORTFOY LEASING FACTORING NV AZERBAIJAN 17
Slide 18: Koç and UCI: 50/50% Partnership in KFS
KOÇ AND UCI : 50/50% PARTNERSHIP IN KFS, OCTOBER 21st, 2002. PARTNERS SHARE A COMMON VISION AND GOAL KFS significantly grows its financial operations, network and market share as a result of a focused commercial growth plan and a conservative risk profile approach, under the guidance of a strong loc
Slide 19: KFS: A Leading Provider of Financial Services
KFS: A LEADING PROVIDER OF FINANCIAL SERVICES KFS KOÇ Financial Services Istanbul EUR million, consolidated figures as of December 04* Total Assets 7,100 KFS: one of the leading and financially Deposits (cust.) 4,490 strongest (IAS based Capital Adequacy Ratio of approx. 21% as of December 2004) g
Slide 20: UniCredit: An International Banking Group
UNICREDIT AN INTERNATIONAL BANKING GROUP... 2004 KEY FIGURES MARKET CAP. NET INCOME COST/INCOME RATIO Euro 29.5 bln Euro 2,131 mln 58.0% EMPLOYEES ROE BRANCH NETWORK 68,571 17.9% 4,442 20
Slide 21: Ranked Among the Top Ones in Europe in Profitability and Efficiency
… RANKED AMONG THE TOP ONES IN EUROPE IN TERMS OF PROFITABILITY AND EFFICIENCY PROFITABILITY EFFICIENCY RATING ROE (Pre-Tax) – 2003 (%) Cost / Income – 2003 (%) Rating (Long-Term(1)) Lloyds TSB 46.4 HBOS 44.2 UBS AA+ ABN AMRO 38.1 RBoS 49.2 UniCredit AA- UniCredit 28.9 Lloyds TSB 51.2 HBOS AA- BBVA
Slide 22: Playing a Leading Role in Central and Eastern Europe
… PLAYING A LEADING ROLE IN THE MARKET OF CENTRAL AND EASTERN EUROPE CALLED AS “NEW EUROPE” UniBanka – Slovakia Group Pekao – Poland 77.1% acquired in October 2000 53.0% acquired in May 1999 Total assets (Euro mln) 940 Total assets (Euro mln) 12.915 40.1% Market Share on Loans 11% Market Share on Lo
Slide 23: KFS: An Integrated and Well Capitalized Financial Services Provider
KFS AN INTEGRATED AND WELL CAPITALIZED FINANCIAL SERVICES PROVIDER KOÇ FINANCIAL SERVICES KOÇ KOÇ KOÇ KOÇ KOÇBANK KOÇBANK KOÇBANK INVESTMENT PORTFOLIO LEASING FACTORING NV AZERBAIJAN YAPI KREDI YAPI KREDI YAPI KREDI YAPI KREDI YAPI KREDI YAPI KREDI YAPI KREDI INVESTMENT LEASING FOREIGN FACTORING INS
Slide 24: Strategic Rationale of the Transaction: Scale, Repositioning, Performance
STRATEGIC RATIONALE OF THE TRANSACTION: SCALE,STRATEGIC REPOSITIONING AND PERFORMANCE IMPROVEMENT Dimensional Growth: 9Significant scale increase, building one of the top three banking grups in Turkey, with Euro 21 bln of consolidated assets, Euro 8.5 billion of cutomer loans and more than 6.5 milli
Slide 25: Strategic Rationale of the Transaction: Performance Improvement
STRATEGIC RATIONALE OF THE TRANSACTION: SCALE, STRATEGIC REPOSITIONING AND PERFORMANCE IMPROVEMENT Performance Improvement: 9Relevant value creation opportunities through revenue and cost synergies 9Possibility of leveraging other strategic advantages (i.e. critical mass in asset management,growth s
Slide 26: The New Group Significantly Improved Competitive Market Positioning
THE NEW GROUP SIGNIFICANTLY IMPROVED COMPETITIVE MARKET POSITIONING … June 2005 Assets Loans Deposits Branches YTL bln YTL bln YTL bln Number Ziraat 57,3 Akbank 17,1 Ziraat 45,2 Ziraat 1,146 İşbank 864 İşbank 46,7 İşbank 16,3 İşbank 25,4 Akbank 646 Akbank 44,7 YKB+KFS 13,6 (*) Akbank 24,9 Halkbank 5
Slide 27: New Positioning: Leading in Cards, AuM, Non Cash Loans, Leasing, Factoring
AVERAGE NEW POSITIONING IS NO. 4, WITH LEADING POSITIONS IN CARDS, AUM, NON CASH LOANS, LEASING AND FACTORING. AREAS OF IMPROVEMENT FOR CONSUMER LOANS AND DEPOSITS Rank Rank Market Key competitors POSITIONING – SEPTEMBER 2005 KFS YKB KFS+YKB Share NR of branches 13 6 5 9.4% Ziraat 19%, İş 14% Deposi
Slide 28: The New Banking Group Aims at Becoming Market Leader
THE NEW BANKING GROUP AIMS AT BECOMING MARKET LEADER IN TERMS OF GROWTH AND VALUE CREATION... Mission Become the leading player in the market in terms of growth and value creation Key strategic objectives: 9Leader in the segment/business with higher return on capital/growth potential 9Leanest player
Slide 29: Implying Challenging Business Targets
....IMPLYING CHALLENGING BUSINESS TARGETS Business Targets: 9Consolidate leadership in credit cards 9Become leader in overall asset gathering and 1st choice bank for HNWI 9Improve mass segment profitability 9Selective growth on Commercial and Corporate banking 9Growth in small business through a pro