Analyst Presentation First Quarter 2016 Results (Unaudited) Jakarta 29 April 2016

Transcription

1 Analyst Presentation First Quarter 2016 Results (Unaudited) Jakarta 29 April 2016

2 Key Highlights Gross loans decreased 3.1% YoY due to the economic slowdown and as we adopted a more measured approach Strong CASA growth of 13.9% YoY, achieving a CASA ratio of 52% Operating income growth of 4.4% YoY underpinned by Non Interest Income from an improved Treasury business Cost management initiatives showing early results, with OPEX declining 1.4% YoY Strengthen capital position with CAR at 18% Gross NPL improved YoY to 3.9%, but higher QoQ NIM improved to 5.35% due to better CASA ratio PBT BAU increased 261.1% YoY and 33.1% QoQ* to Rp 390billion * QoQ on BAU basis excluding MSS costs in 4Q15 (Rp 100 bio) 2

3 CIMB Niaga: 1Q 2016 Results Financial Results

4 Income Statement - Consolidated (Rp bil) 1Q15 4Q15 BAU* 1Q16 QoQ YoY Interest Income 5,461 5,604 5, % -1.2% Interest Expense (2,663) (2,742) (2,557) -6.7% -4.0% Net Interest Income 2,798 2,862 2, % 1.4% Non Interest Income % 18.5% Operating Income 3,402 3,476 3, % 4.4% Operating Expenses (1,848) (1,794) (1,822) 1.6% -1.4% GA & Promotion Expenses (952) (1,003) (940) -6.3% -1.3% Personnel Expenses (896) (791) (882) 11.5% -1.6% Pre Provision Operating Profit 1,554 1,682 1, % 11.4% Provision Expenses (1,446) (1,389) (1,341) -3.5% -7.3% PBT % 261.1% Net Profit % 224.1% EPS (Rp, full amount) % 224.9% PBT (Actual) % 261.1% Net Profit (Actual) % 224.1% * Excludes MSS costs (Rp 100 bio) 4

5 Financial Position - Consolidated (Rp tril) Mar-15 Dec-15 Mar-16 QoQ YoY Cash & Short Term Funds % -27.8% Govt Bonds & Marketable Securities % 2.9% Loans % -3.1% Loan Provision (7.37) (7.40) (7.74) 4.6% 5.0% Fixed & Other Assets % 19.3% Total Assets % -4.1% Current Account % 18.4% Saving Account % 9.8% Time Deposit & Structured Deposit % -19.4% Total Customer Deposits % -4.9% Other Liabilities % -15.7% Total Liabilities % -6.5% Equity % 13.3% 5

6 Most of Key Ratios Improved (%) 1Q15 4Q15 BAU* ROA ROE (shareholders fund) NIM Fee Income / Total Income Cost to Income (CIR) CASA Ratio Loan to Deposit (LDR) LDR (Bank Only) Gross NPL Net NPL Cost of Credit Impairment Gross Loan Loss Coverage Impaired LLC Q16 QoQ YoY * Excludes MSS costs (Rp 100 bio) 6

7 Quarterly Earnings Trend (Rp bil) Operating Income PBT Net Profit ROE (shareholders' fund) 3,402 3,324 3,534 3,476 3, % 1.15% 1.31% 3.34% 3.61% Q15 2Q15 3Q15 BAU* 4Q15 BAU^ 1Q16 * Excludes MSS costs (Rp 471 bio) ^ Excludes MSS costs (Rp 100 bio) 7

8 NIM maintained above 5% level Net Interest Margin (%, YTD Annualized) Net Interest Income Breakdown (incl. FTP) 5.22% 5.08% 5.19% 5.21% 5.35% Treasury 21% Corporate 14% Retail 38% Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 MSME 18% Commercial 9% Quarterly Annualized NIM 1Q15 2Q15 3Q15 4Q15 1Q % 4.94% 5.40% 5.25% 5.35% Net Interest Income 1Q15: Rp 2,798 billion 1Q16: Rp 2,837 billion 8

9 Non Interest Income Non Interest Income Breakdown (Rp bil) 1Q15 1Q16 YoY Recovery % Arranger & Syndication Fees % Trans. Banking & Trade Fin % Forex & Fixed Income Derivatives % Fees & Commissions % Bancassurance % Remittance % Card Related % Other Fees & Commissions % Total % 1Q15 1Q16 NoII Quarterly Q15 2Q15 3Q15 4Q15 1Q16 9

10 Operating Expenses & Cost to Income Ratio Rp bil 1Q15 4Q15 BAU* 1Q16 QoQ YoY Advertising & Promotion % -17.5% General & Admin % 0.2% Personnel % -1.6% Total 1,848 1,794 1, % -1.4% Total (Actual) 1,848 1,894 1, % -1.4% (%) 1Q15 4Q15* 1Q16 QoQ YoY Cost to income Cost to income BAU * Excludes MSS costs (Rp 100 bio) 10

11 Loan Growth Segment (Rp tril) Mar 15 Dec 15 Mar 16 QoQ YoY Consumer Banking (30%) % 2.8% Mortgages % 2.0% Auto Loans % -3.1% Credit Cards % 24.8% Personal, Multipurpose & Others (1) % 5.8% MSME Banking (20%) % -5.8% Small Medium % 2.9% Micro Linkage & Others % -13.9% Micro Finance % -41.3% Commercial Banking (19%) % -6.3% Corporate Banking (31%) % -4.7% Total (100%) % -3.1% Industry 3,680 4,058 3,968 (2) -2.2% (3) 7.8% (3) (1) Others include Staff loan (2) As of Feb-16 (3) Feb-16 YTD & YoY growth Industry source: Indonesia Banking Statistics 11

12 Asset Quality Management Asset Quality Gross NPL Net NPL Gross Impairment Ratio 5.33% 5.74% 5.18% 5.03% 4.97% Coverage Ratio Loan Loss Coverage % % 99.60% Impaired LLC % % 4.07% 4.28% 3.17% 3.74% 3.90% 78.29% 74.35% 73.96% 82.99% 91.04% 1.81% 1.66% 1.47% 1.59% 1.91% Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Loans by Collectability (% of Total Loan) Special Mention 5.92% NPL 4.07% Special Mention 8.16% NPL 3.74% Special Mention 10.37% NPL 3.90% Current 90.01% Current 88.10% Current 85.73% Mar-15 Dec-15 Mar-16 12

13 Asset Quality by Business Segment Gross NPL (%) 7.9% 6.9% 2.5% 4.5% 4.6% Corporate 3.5% 5.3% 6.0% 6.0% 6.6% Commercial 2.5% 2.7% 2.9% 2.9% 3.2% MSME 1.7% 1.6% 2.0% 1.9% 2.0% Consumer Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 13

14 Positive CASA Growth Rp tril Mar-15 Dec-15 Mar-16 QoQ YoY CASA % 13.9% Current Account % 18.4% Saving Account % 9.8% Time Deposits & Structured Deposits % -19.4% Total % -4.9% Industry 4,199 4,413 4,438 (1) 0.6% (2) 5.7% (2) CASA 2,154 2,384 2,353 (1) -1.3% (2) 9.2% (2) Time Deposits 2,044 2,030 2,085 (1) 2.7% (2) 2.0% (2) (1) As of Feb-16 (2) Feb-16 YTD & YoY growth Industry source: Indonesia Banking Statistics 14

15 Strengthened Capital Position Total Equity (Rp tril) CAR (%) Consolidated Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Equity (Rp tril) Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Tier 1 Tier 2 Capital Adequacy Ratio (%) Mar-15 Dec-15 Mar-16 CAR with Credit Risk Market Risk (0.17) (0.15) (0.18) Operational Risk (2.40) (2.39) (2.80) Total CAR

16 CIMB Niaga: 1Q 2016 Results Consumer Banking

17 Consumer Loans by Products Total Loans (Rp tril) Growth (Composition) QoQ YoY Total -0.1% 2.8% Personal, Multipurpose & Others (7%) Credit Cards (13%) 1.6% 5.8% 6.6% 24.8% Mar-15 Dec-15 Mar-16 Auto Loans (35%) Mortgage (45%) -1.9% -3.1% -0.7% 2.0% 17

18 Mortgages Total Loans (Rp tril) % YoY -0.7% QoQ Mar-15 Dec-15 Mar-16 Market Share NPL Ratio 7.1% 6.8% 6.8% 2.6% 2.2% 2.6% Mar-15 Dec-15 Mar-16 * Market Share Mortgage Lender Dec-15 BTN 36.6% BCA 17.4% BNI 10.2% Mandiri 7.9% CIMB Niaga 6.8% * As of Feb-16 Industry Source: Indonesia Banking Statistics 18

19 Consolidating our Auto Business Total Loans (Rp tril) 1.9% 1.5% 0.7% Growth QoQ YoY Total -1.9% -3.1% Indirect Auto Loans -13.7% -49.7% Direct Loans CNAF NPL ratio -11.9% -16.7% -0.2% 3.2% Mar-15 Dec-15 Mar-16 NPL Ratio As of 1 January 2016 KITAF is effectively merged into CNAF 19

20 Continue to increase Credit Card Market Share Number of Cards Outstanding Balance (thou) +12.5% YoY (Rp tril) +3.1% QoQ 2,001 2,063 Outstanding Balance NPL 1.2% 1.1% 1.1% 1, Mar-15 Dec-15 Mar-16 Mar-15 Dec-15 Mar # Bank Mkt Share 3 Mega 4 CIMBN 11.3% 5 BNI 2015 # Bank Mkt Share 3 CIMBN 11.9% 4 Mega 5 BNI Mar 2016 # Bank Mkt Share 3 CIMBN 12.2% 4 Mega 5 BNI * Market share based on card issued 20

21 Sustainable growth in Personal Loan & Multipurpose Total Loan (Rp bil) 2.2% 1.9% 2.0% +5.8% YoY % QoQ Mar-15 Dec-15 Mar-16 Total Loan (Rp tril) NPL 21

22 CIMB Niaga: 1Q 2016 Results MSME Banking

23 MSME Loans Total Loans (Rp tril) Growth QoQ YoY Total -2.6% -5.8% Micro Finance Micro Linkage & others -18.9% -41.3% -4.4% -13.9% Small Medium -0.3% 2.9% Mar-15 Dec-15 Mar-16 23

24 CIMB Niaga: 1Q 2016 Results Commercial Banking

25 Commercial Loans Total Loans (Rp tril) Growth (Composisiton) QoQ YoY Total -4.0% -6.3% Working Capital -5.3% -2.7% Investment -2.2% -10.7% (55%) (58%) (57%) (45%) (42%) (43%) Mar-15 Dec-15 Mar-16 25

26 CIMB Niaga: 1Q 2016 Results Corporate Banking

27 Rebalancing Corporate Portfolio Total Loans (Rp tril) Growth (Composition) QoQ YoY Total -7.1% -4.7% Working Capital -7.9% 12.1% (41%) (49%) (49%) Investment -6.2% -16.6% (59%) (51%) (51%) Mar-15 Dec-15 Mar-16 27

28 CIMB Niaga: 1Q 2016 Results Syariah Banking

29 Syariah Banking Total Financing Total Deposits (Rp tril) +13.9% YoY (Rp tril) +11.8% YoY % QoQ % QoQ Mar-15 Dec-15 Mar-16 Mar-15 Dec-15 Mar-16 29

30 CIMB Niaga: 1Q 2016 Results Other Highlights

31 Board of Commissioners Dato Sri Nazir Razak Glenn M.S. Yusuf Zulkifli M. Ali Pri Notowidigdo President Commissioner Vice President Commissioner Independent Commissioner Independent Commissioner Armida Salsiah Alisjahbana* Jeffrey Kairupan* David Richard Thomas Ahmad Zulqarnain Onn Independent Commissioner Independent Commissioner Commissioner Commissioner * Effective after OJK approval 31

32 Directors Tigor M. Siahaan Wan Razly Abdullah Rita Mas Oen Megawati Sutanto Vera Handajani John Simon President Director Strategy & Finance Director Operations & IT Director Credit Director Risk Management Director Treasury & Capital Market Director Lani Darmawan* Pandji Pratama Djajanegara* Frans Rahardja Alimhamzah* Hedy Maria Helena Lapian* Fransiska Oei* Consumer Banking Director Syariah Banking Director Business Banking Director Human Resources Director Compliance, Corp Affairs & Legal Director * Effective after OJK approval 32

33 CIMB Niaga: 1Q 2016 Results Final Remarks

34 Final Remarks Early positive results, but we remain cautious given the market and economic uncertainties Operating Income remains robust NoII growing well but with challenges to balance sheet growth Cost management initiatives continue to be a priority Asset quality remains in focus, with cautious optimism on second half macro outlook New leadership with number of changes at the Board of Commissioners and Directors Better cost management efforts and capital build-up provide a strong foundation for the year ahead 34

35 THANK YOU 35

36 CIMB Niaga: 1Q 2016 Results Appendices

37 Corporate Structure 31 March 2016 Khazanah Nasional EPF KWAP MUFG Others 29.7% 14.1% 3.8% 4.6%* 47.8% CIMB Group Holdings Berhad 99.9% Public CIMB Group Sdn Bhd 2.1% 97.9%^ 99.9% 3.8% # * Only direct stake held via BTMU ^ Includes PT Commerce Kapital 1.02% # As of 1 January 2016 KITAF is effectively merged into CNAF 37

38 Vision & Mission Vision To be The Leading ASEAN Company Mission To provide universal banking services in Indonesia as a high-performing, institutionalised and integrated company located in ASEAN and key markets beyond, and to champion the acceleration of ASEAN integration and the region s links to the rest of the world 38

39 5 th in terms of Asset Assets (Rp trillion) Top 10 banks control 61.0% of industry s Asset BRI Mandiri BCA BNI CIMBN Permata BTN Panin Danamon Maybank Market Share # 13.7% 12.8% 9.7% 7.8% 3.7% 2.9% 2.9% 2.7% 2.5% 2.4% Source: Published Financial Statement by Bank Indonesia as of February-16, Bank only # Industry as of November-15 39

40 Maintained position as the 5 th largest bank Loans (Rp trillion) Top 10 banks control 62.5% of industry s loans Customer Deposits (Rp trillion) Top 10 banks control 63.7% of industry s deposits BRI Mandiri BCA BNI CIMBN BTN Permata Panin Maybank Danamon BRI Mandiri BCA BNI CIMBN Permata BTN Panin Maybank Danamon Market Share # 13.8% 12.8% 9.5% 7.6% 4.1% 3.5% 3.1% 2.9% 2.5% 2.5% 14.3% 13.0% 10.7% 7.8% 3.9% 3.2% 2.9% 2.7% 2.6% 2.5% Branches* (Dec-15) 2,457 ATM (Dec-15) 22,792 17,388 17,081 16,071 1,290 1,182 1,090 1, ,365 1,830 1,600 1,473 1,019 1,008 Mandiri Danamon BCA BRI BNI Panin CN BII BTN Permata Source: Published Financial Statement by Bank Indonesia as of February -16; Bank only * Branches exclude Micro, Cash Counters, Payment Point & Mobile Cash; # Industry as of February-16 Danamon incl. Danamon Simpan Pinjam (DSP); Panin as of Dec-14 BRI Mandiri BCA BNI CIMBN BTN BII Danamon Panin Permata 40

41 Network & Distribution Channel Mar-15 Dec-15 Mar-16 QoQ YoY Branch & Network Branches* Payment & Cash Point Digital Lounge Mikro Laju Mobile Cash Total Network Electronic Channels ATM 3,288 3,365 3, CDM SST Employees 15,100 13,577 13, ,666 * Branches exclude Mikro Laju, Payment & Cash Point; include SME centers 41

42 Share Price and Ratings Share Price & Trading Volume Rating Agencies Rating / Outlook Moody s 5 Jan 2016 Outlook Bank Deposits Baseline Credit Assessment Adj. Baseline Credit Assessment Issuer Rating Stable Baa3/P-3 ba2 baa3 Baa3 BNGA Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Price (Rp) Fitch 4 Dec 2015 Long Term Foreign Currency IDR Short Term Foreign Currency IDR Support Rating Viability Rating National Long Term National Short Term Rupiah Subordinated Bonds Rupiah Senior Bond Program Rupiah Senior Bond Prg. 1 tranche 1 & 2 BBB / Stable F3 2 bb AAA(idn) / Stable F1+(idn) AA(idn) AAA(idn) AAA(idn) PBV (x) PER Pefindo 02 Jul 2015 Corporate Rating Senior Bond Rating Shelf Registration Bond Rating idaaa idaaa idaaa 42

43 Notable Awards in 1Q 2016 Market Conduct Awards 2015 as Financial Service Institution who implement principles for Customer Protection Best Electronic Banking Implementation, Best Trade Finance Solution & Best Service Provider Cash Management - Best The Asset Triple A Treasury, Trade, and Risk Management Award 2016 Best Agent 2016 MoneyGram indonesia 43

44 Corporate Activities in 1Q 2016 CIMB Niaga held CIMB Niaga Economic Forum 2016 on Thursday, 4 February CIMB Niaga held workshop SBC FastTrack FinTech cooperated with SBC and CIMB Group. On Friday, 5 February 2016 CIMB Niaga held Internal Event Risk Control Unit Kick-off 2016 on Thursday 11 February 2016 CIMB Niaga participated in UMKM Bazar Expo Perbankan at Surabaya. The Expo was held on Thursday-Sunday, February

45 THANK YOU PT Bank CIMB Niaga Tbk Investor Relations Menara Sentraya 31 st Floor Jl. Iskandarsyah Raya I A Jakarta Tel. : (62-21) Fax. : (62-21) investor.relations@cimbniaga.co.id