Bigger, Stronger, Better bank bjb. Q Company Report

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1 Bigger, Stronger, Better bank bjb Q Company Report

2 USDIDR Yield Index (points) Macroeconomic BI 7 Day Reverse Repo Rate at 4,25% Stable Consumer Confident Index 10 8 GDP Growth 7 Days Repo Consumer Confidence Index Source: Bloomberg Inflation Reached 3.4% Source: Bloomberg IDR Appreciated Againts USD 1mth JIBOR CPI USDIDR 10yr Govt Bond Source: Bloomberg Source: Bloomberg 2

3 Growth Banking Sector 30,0 Loans Growth 25,0 20,0 15,0 10,0 5,0 - As of February 2018, banking sector data shows: Loans +8,32% to Rp4.704 tr (Investment loans +3,92%, working capital +8,90%, consumer loans +11,16% ) Deposit +8,44% to Rp5.255 tr (CASA +8.32%, Time Deposit +5,60%, CASA Ratio 55.21%) NPL -0,28% to 2,88% ROA +0.01% to 2,36% Source: SPI OJK Feb 17 Feb Investment Loans WC Loans Consumer Loans Total Loans 4,343 4, Total Deposit 4,846 5, LDR NPL ROA Source: SPI OJK NIM

4 Q bank bjb only 4

5 Result Summary Income Statement Net Interest Income at Rp 1.4 tr (+3.6% ) PPOP at Rp 658 bn (+11.6% ) LLP at Rp 58 bn ( % ) Net Income at Rp 454 bn (+1.8% ) Balance Sheet Total Loans at Rp 71.0 tr (+13.2% ) Total Financing at Rp 5.0 tr (-4.9% ) Total Deposits at Rp 87.0 tr (+11.3% ) Total Asset at Rp tr (+13.0% ) Ratios NIM at 6.0% (-51 bps ) ROA (Net) at 1.6% (-20 bps ) ROE (Net) at 17.2% (-16 bps ) NPL (Gross) at 1.6% (0 bps ) 5

6 Target vs. Realization Target 1Q17 2Q17 3Q17 4Q17 1Q18 Loans Growth 12% -14% Deposit Growth 10% - 12% ROA (net) 1.5% - 2.0% ROE (net) 17% - 20% NIM 6.5% - 7.0% Cost of Fund 4.5% - 5.0% Cost to Income Ratio 60% - 75% Gross NPL 1,5% - 2.0% CASA Ratio 48% - 50%

7 Key Ratios Key Ratios 1Q17 2Q17 3Q17 4Q17 1Q18 Profitability ROA (net) ROE (net) Cost Ratios Cost to Income Ratio Expenses Ratio Yield Asset Yield Cost of Fund NIM LDR Asset Quality Special Mention Loans Gross NPL Net NPL Coverage Ratio Provision/Total Loans Capital CAR

8 Income Statement Income Statement (Rp bn) 1Q17 Positioning 1Q18 Interest Income 2,546 2, % 150 Interest Expense 1,179 1, % 101 Net Interest Income 1,367 1, % 50 Fee Based Income % 80 Operating Expense % 8 Gain (Loss) on Financial Statement 51 (1) % (53) PPOP % 69 Loan Loss Provision Non Operating Expense (18) (18) - - PBT % 15 Tax Expense % 8 Net Income % 8 8

9 Balance Sheet Balance Sheet (Rp bn) 1Q17 2Q17 3Q17 4Q17 1Q18 Cash 1,754 3,376 1,738 2,456 1, % Current Account with Bank Indonesia 5,275 5,385 5,234 5,518 6, % Secondary Reserves 23,211 19,809 24,826 24,100 25, % Loans - net 62,201 67,355 70,002 70,134 70, % Fixed Asset - net 2,472 2,587 2,587 2,631 2, % Other Asset 3,158 3,375 3,372 3,570 3, % Total Asset 98, , , , , % Total Third Party Fund 78,166 79,085 86,550 81,015 86, % Debt Securities Issued 2,312 2,312 2,312 4,799 2, % Fund Borrowings 5,888 5,895 6,727 7,936 9, % Repo - 2, Others 2,200 1,656 1,718 3,155 1, % Total Liabilities 88,566 91,861 97,306 97, , % Total Equity 9,505 10,027 10,452 10,733 10, % 9

10 (Rp tr) Loans Breakdown 80 Consumer Micro Commercial Mortgage Segment (Rp bn) 1Q17 1Q ,9 5,1 5,3 5,5 Consumer 45,103 47, % ,5 7,8 3,2 4,5 4,6 4,7 4,5 10,8 12,3 10,8 9,2 3,4 3,5 3,5 3,8 12,4 14,0 13,6 12,6 4,4 4,6 4,7 5,0 Micro 3,753 4, % Commercial 9,161 12, % Mortgage 4,704 5, % ,7 41,4 42,8 44,2 45,1 46,2 46,8 47,1 47,9 Total Gross Loans 62,722 71, % 10 Currency (Rp bn) 1Q17 1Q18 0 IDR 62,326 70, % Forex % 10

11 (Rp tr) Consumer Loans Pensioner Loans (LHS) Civil Servant Loans (LHS) Key Indicators 1Q17 1Q ,5 NPL (RHS) 5,6 6,7 7,6 8,5 9,3 9,7 10,1 10,6 1,0 0,9 0,8 0,7 0,6 Loans Outstanding Net Expansion YtD (Rp bn) Avg. Loans Outstanding (Rp mn) 45,103 47, % % % 30 0,5 No of Account 398, , % 20 35,2 35,8 36,1 36,6 36,6 36,9 37,1 37,0 37,3 0,4 0,3 Interest Rate 14.50%-16.25% eff. p.a 10 0,2 0,1 Asset Quality 1Q17 1Q18 0 0,0 Special Mention NPL

12 (Rp tr) Micro Loans 6,0 KMU (LHS) Others (LHS) Govt Program (LHS) NPL (RHS) 25,0 Key Indicators 1Q17 1Q18 Loans Outstanding 3,753 4, ,0 4,0 3,0 2,0 1,0-2,2 1,5 1,9 2,0 2,0 0,5 0,2 0,3 0,2 0,2 1,2 1,2 1,3 1,4 1,2 2,8 2,7 2,7 2,6 0,2 0,1 0,1 0,1 1,6 1,8 1,8 2,0 20,0 15,0 10,0 5,0 0,0 Net Expansion YtD (Rp bn) Avg. Loans Outstanding (Rp mn) % No of Account 29,503 28, Interest Rate* 8.7% % eff. p.a. Asset Quality 1Q17 1Q18 Special Mention NPL

13 (Rp tr) Commercial Loans Working Capital (LHS) Syndicated (LHS) Investment (LHS) NPL (RHS) Key Indicators 1Q17 1Q18 16,0 14,0 12,0 10,0 8,0 6,0 4,0 2,0-1,4 1,8 4,7 1,5 1,8 7,5 1,4 1,8 9,1 1,4 1,8 7,7 1,4 1,7 6,0 1,8 1,8 1,8 1,6 1,9 1,6 1,8 1,5 10,6 10,2 8,8 9,2 15,0 14,0 13,0 12,0 11,0 10,0 9,0 8,0 7,0 6,0 5,0 4,0 3,0 2,0 1,0 - Loans Outstanding Net Expansion YtD (Rp bn) Avg. Loans Outstanding (Rp mn) 9,161 12, (1,671) (920) ,379 2, No of Account 3,851 4, Interest Rate 8.3% -15.5% eff. p.a Asset Quality 1Q17 1Q18 Special Mention NPL

14 (Rp tr) Mortgage Loans 6,00 5,00 4,00 Mortgage Loans (LHS) 4,49 4,46 4,47 4,56 4,70 4,89 5,08 NPL (RHS) 5,34 5,51 15,0 14,0 13,0 12,0 11,0 10,0 Key Indicators 1Q17 1Q18 Loans Outstanding Net Expansion YtD (Rp bn) 4,704 5, ,00 9,0 8,0 7,0 6,0 Avg. Loans Outstanding (Rp mn) No of Account 21,368 24, ,00 5,0 4,0 Interest Rate 7.0% % eff. p.a. 1,00 0,00 3,0 2,0 1,0 - Asset Quality 1Q17 1Q18 Special Mention NPL

15 (Rp tr) Deposit Breakdown Current Account Savings Account Time Deposit ,4 46, ,8 29,7 33,1 40,1 39,2 43,6 38,9 50 Deposits Breakdown (Rp bn) 1Q17 1Q18 Current Account 24,768 24, Saving Account 13,279 15, Time Deposit 40,119 46, TOTAL 78,166 86, ,4 12,5 12,6 29,3 26,0 27,3 13,3 15,6 14,5 15,3 17,7 16,8 17,1 24,8 24,2 25,7 25,0 19,7 CASA Ratio Currency (Rp bn) 1Q17 1Q18 IDR 77,130 86, % Forex 1, % 15

Yield Analysis Loans 72,2% Others 1,4% Placement to BI 8,0%

Placement to Bank Indonesia 1Q17 1Q18 2.2 2.9 Interbank Placement 3.

8 Time Deposit 47,2% Interbank Lending 9,5% Bonds 2,5% Current

Interbank Liabilities 4.9 2.8 Securities 10.5 14.

16 Yield Analysis Loans 72,2% Others 1,4% Placement to BI 8,0% Interbank Placement 2,3% Marketable Securities 16,0% Asset Yield Placement to Bank Indonesia 1Q17 1Q Interbank Placement Securities Loans Yield Time Deposit 47,2% Interbank Lending 9,5% Bonds 2,5% Current Account 25,2% Savings Account 15,5% Cost of Fund 1Q17 1Q18 Interbank Liabilities Securities Deposits From Customers Current Account Time Deposit Savings Account Loans received

17 Lending Proportion Funding Proportion Customer Based Consumer Micro Commercial Mortgage 100% 4,3 4,4 4,4 4,5 4,7 5,0 5,1 5,2 5,2 100% 90% 80% Government Corporate Retail 95% 0,9 1,5 1,7 1,2 0,8 1,4 1,6 1,5 0,9 70% 90% 10,3 8,8 7,7 7,0 6,5 6,3 6,1 6,0 5,9 60% 50% 90,8 90,7 90,8 90,9 92,0 97,5 97,5 97,5 97,3 85% 40% 80% 84,5 85,4 86,2 87,3 87,9 87,3 87,1 87,3 87,9 30% 20% 75% 10% 0% 8,7 8,7 8,7 8,5 0,6 0,6 0,5 0,5 0,6 7,4 0,3 0,3 0,3 0,3 2,2 2,2 2,2 2,4 17

18 Capital Adequacy Risk Weighted Asset (RWA) 1Q17 1Q18 Total Capital to Rp 9.5 tr ( Rp 1.5 Tr ) Total CAR at 17.3% (+29 bps ) Total RWA 46,924 54, % Credit Risk 36,896 43, % Operational Risk 9,157 10, % CAR Analysis Risk Weighting Addition to RWA/ Rp1tr Net Expansion Net Impact to CAR Market Risk % Consumer Loans 50% Rp 500bn 0.16 RWA/Total Asset 47.8% 49.4% +1.5% tier-1 7,532 7, % tier , % Total Capital 7,993 9, % Tier-1 CAR 16.1% 14.5% -1.5% Total CAR 17.0% 17.3% +0.3% Micro Loans 75% Rp 750bn 0.23 Commercial Loans 100% Rp 1tr 0.31 Mortgage Loans 40% Rp 400bn

19 Consumer Loan Details 19

20 (Rp tr) Civil Servant Loans Civil Servant Loans (LHS) 36,1 36,6 35,2 36,6 36,9 35,8 0,19 37,1 0,27 NPL (RHS) 37,3 37,0 0,32 0,25 0,5 0,4 0,3 0,2 Key Indicators 1Q17 1Q18 Loans Outstanding 36,633 37, Net Expansion YtD (Rp bn) Avg. Loans Outstanding (Rp mn) % No of Account 331, , Median Interest Rate 14.50%-16.25% eff. p.a ,11 0,09 0,09 0,07 0,08 0,1 0,0 Asset Quality Special Mention 1Q17 1Q NPL

21 (Rp tr) Pensioner Loans ,44 Pensioner Loans (LHS) 4,5 5,6 0,11 6,7 7,6 0,10 0,08 8,5 9,3 0,09 0,10 9,7 10,1 10,6 0,15 NPL (RHS) 0,25 0,28 0,5 0,4 0,3 0,2 0,1 Key Indicators 1Q17 1Q18 Loans Outstanding Net Expansion YtD (Rp bn) Avg. Loans Outstanding (Rp mn) 8,470 10, % No of Account 67,131 80, Median Interest Rate Asset Quality 14.50%-18.48% eff. p.a 1Q17 1Q18 0 0,0 Special Mention NPL

22 Sharia Business Performance 1Q18 bank bjb Sharia 22

23 Result Summary Income Statement Net Financing Income at Rp 94.9 bn (+1.2% ) Operating Expenses at Rp 92.3 bn (-4.3% ) Net Income at Rp 6.8 bn (+250.2% ) Balance Sheet Total Financing at Rp 5.0 tr (-4.9% ) Total Deposit at Rp 5.6 tr (-7.1% ) Total Asset at Rp 7.1 tr (-6.9% ) Ratios NIM at 5.2% (0bps ) ROA at 0.5% (+13bps ) ROE at 4.3% (+326bps ) NPF Gross at 21.8%( +368bps ) 23

24 Key Ratios Sharia 1Q 17 1Q18 CAR NPF Gross NPF Nett ROA ROE BOPO FDR NIM

25 Income Statement Income Statement (Rp mn) 1Q 17 1Q18 Financing Income 192, , % Financing Expense 98,978 86, % Net Financing Income 93,826 94, % Other Operating Income 7,566 4, % Operating Expense 96,458 92, % Operating Income 4,934 7, % Non Operating Income (Expense) 1,911 2, % Income (Loss) Before Tax 6,845 9, % Tax Expense 4,908 2, % Net Income 1,937 6, % 25

26 Balance Sheet BS highlight (Rp Mn) 1Q 17 1Q18 Cash 43,370 38, % Current Account with Bank Indonesia 279, , % Secondary Reserves 2,226,353 2,057, % Financing-net 4,539,861 4,064, % Fixed Asset-net 257, , % Other Asset 306, , % Total Asset 7,652,839 7,127, % Total Third Party Fund 6,026,552 5,599, % Fund Borrowings 296, , % Others 368, , % Total Liabilities 6,692,276 6,292, % Total Equity 960, , % 26

27 Sharia Performance Financing (Rp mn) 1Q17 1Q18 Murabahah 4,263,202 4,058, % Istishna 861 2, % Qardh 72,037 68, % Financing 930, , % Total Gross Financing 5,266,891 5,007, % Funding (Rp mn) 1Q17 1Q18 Wadiah Current Account 97,344 86, % Wadiah Savings Account 178, , % Mudharabah Current Account 200, , % Mudharabah Savings Account 604, , % Mudharabah Time Deposit 4,945,829 4,299, % Total Funding 6,026,552 5,599, % 27

28 Company Profile bank bjb 28

29 Branch Network Details No bjb Network 1Q17 1Q18 1 Branch Sub Branch Cash Offices Payment Point ATM 1,213 1, Layanan bjb Precious MSME Center Mobile Cash Weekend Banking Forex Branches Total 2,154 2,

Human Capital Level 1Q17 1Q18 Board of Commissioners 4 5 +1

342 367 +25 First Line Management 1,783 1,793 +10 Staff

Total Permanent 7,689 7,697 +8 Educational Breakdown Up to

6,4% SDM 493 601 +108 Umum - - - Total Non Permanent 493

30 Human Capital Level 1Q17 1Q18 Board of Commissioners Directors Top Management Middle Management First Line Management 1,783 1, Staff 5,499 5, Employee in Pension Preparation Total Permanent 7,689 7, Educational Breakdown Up to Bachelor Degree 93,6% Age Breakdown Master of Doctorate 6,4% SDM Umum Total Non Permanent ,5% ,3% Total 8,182 8, > 50 1,8% ,5% 30

Ownership Ownership Structure 1Q17 1Q18 Founder (A Series) 75.00 75.00 West Java Provincial Government 38,26 38.26 West Java Municipal Governments 23,61 23.

31 Ownership Ownership Structure 1Q17 1Q18 Founder (A Series) West Java Provincial Government 38, West Java Municipal Governments 23, Banten Provincial Government 5, Banten Municipal Governments 7, Public (B Series) 25, Local Retail Local Institution Foreign Retail Foreign Institution

32 2017 Awards Brand Finance & SWA TOP 100 Best Valuable Indonesian Brands Business News TOP BUMD 2017 Best Over All Business News TOP BPD 2017 Business News TOP CEO 2017 SWA Indonesia Original Brand 2017 (Rank 1 st ) SWA Indonesia Best Public Companies 2017 (Rank 4 th & Rank 9 th Overall) Indohousing Most Excellent Service Performance Bank for Housing Loan Program Infobank Titanium Trophy Bank dengan Kinerja Keuangan Sangat Baik Selama Tahun 2016 Markplus Silver Champion Bandung WOW Service Excellence Award 2017 (Buku III) 32

33 2017 Awards Annual Report Award Tahun Buku 2016 Annual Report Award Tahun Buku 2016 (Rank 1 st ) Bisnis Indonesia Financial Award 2017 The Best Performing Bank Forbes Indonesia - Best of the Best Awards 2017 TOP 50 Companies (Rank 18 th ) Koran SINDO Apresiasi Inovasi PR Indonesia Best Communicators 2017 SWA The Indonesian Living Legend Companies Tempo The Best Bank in Retail Banking Services Tempo The Most Efficient Bank Tempo The Most Reliable Bank 33

34 2017 Awards Tribute From West Java Province CSR Partner Excellence Service Experience Awards (ESEA) Regular Banking Category AAEI & CSA Intitute One of The Best Stock for Yuk Nabung Saham Program 2017 Markplus.Inc Awards Mr. Ahmad Irfan as Marketing Champion 2017 Ministry of Finance Best Tax Contribution 2016 Galamedia Awards 2017 Housing Tax Initiative Contact Center Service Excellence Awards 2017 Best Call Center Regular Banking Markplus.Inc Awards Mr. Ahmad Irfan as Marketeer of The Year

35 2017 Awards KPK BUMD Dengan Sistem Pengendalian Gratifikasi Terbaik KPK Lembaga Dengan Tingkat Kepatuhan LHKPN Terbaik Tahun 2017 Forbes Indonesia Best of The Best Award Top 50 Companies 2017 (Rank 18 th ) IICD Corporate Governance Conference & Award Top 50 of The Biggest Market Capitalization Public Listed Companies Top IT Implementation on Payment of Local Government Taxes itech Top Leader in IT Leadership itech RMOL Jabar Golden Company Award Ahmad International Council for Small Business (ICBS) Indonesia Presidential Award 2017 Category Business Practioner 35

Bank Warta Ekonomi Indonesia Corporate Secretary

Penganugrahan Penghargaan Sebagai Salah Satu Wajib

36 2017 Awards Warta Ekonomi Best Banking Brand Award 2017 Top 5 Best Consumer Choice Regional Development Bank Warta Ekonomi Indonesia Corporate Secretary Award - Top 10 GCG Issue in Banking Sector Penganugrahan Penghargaan Sebagai Salah Satu Wajib Pajak Dengan Pemberi Kontribusi Pajak Terbesar Tahun Pajak

2018 Awards Economic Review - Indonesia CSR Award II 2018

Economic Review - The Big 7 Indonesia Corporate Secretary

- Indonesia Information Technology Award I 2018 Kategori

Communication Award III 2018 PR Indonesia Award 2018

Perusahaan Swasta Daerah Obsession Media Group - Best

37 2018 Awards Economic Review - Indonesia CSR Award II 2018 PLATINUM Peringkat ke 5 Kategori : Tbk Industri Keuangan Economic Review - The Big 7 Indonesia Corporate Secretary & Corporate Communication Award III 2018 Economic Review - Indonesia Information Technology Award I 2018 Kategori Bank Indonesia Corporate Secretary & Corporate Communication Award III 2018 PR Indonesia Award 2018 Kategori Terpopuler di Media Subkategori BUMD dan Perusahaan Swasta Daerah Obsession Media Group - Best Achiever in Women Professionals (atas nama Fermiyanti Direktur Operasional bank bjb) 37

38 Rp/share Million Shares Share Price Performance 3550 Volume (RHS) Price (LHS) Investor Relations Group Menara bank bjb 7 th Floor Jl. Naripan Bandung ext 7140/7141 ir@bankbjb.co.id Contact Person: Sani Ikhsan Maulana IR Head smaulana@bankbjb.co.id Anjas Septa Lesmana Senior Officer aslesmana@bankbjb.co.id Gekan Purnama Zainal Officer gzainal@bankbjb.co,id Siti Khairina Wahyujati Officer swahyujati@bankbjb.co.id Trifani Rahayu Staff trahayu@bankbjb.co.id Farizzaka Putra Staff fputra@bankbjb.co.id Source: Bloomberg 38

Disclaimer : This report has been prepared by PT Bank Pembangunan Daerah Jawa Barat & Banten, Tbk. (bank bjb) independently and is circulated for the purpose of general information only.

39 Disclaimer : This report has been prepared by PT Bank Pembangunan Daerah Jawa Barat & Banten, Tbk. (bank bjb) independently and is circulated for the purpose of general information only. It is not intended to the specific person who may receive this report. The information in this report has been obtained from source which we deem reliable. No warranty (expressed or implied) is made to the accuracy or completeness of the information. All opinions and estimations included in this report constitute our judgment as of this date and are subject to change without prior notice. We disclaim any responsibility or liability without prior notice of bank bjb and/or their respective employees and/or agents whatsoever arising which may be brought against or suffered by any person as a result of acting in reliance upon the whole or any part of the contents of this report and neither bank bjb and/or its affiliated companies and/or their respective employees and/or agents accepts liability for any errors, omissions, negligent or otherwise, in this report and any inaccuracy herein or omission here from which might otherwise arise. Menara bank bjb Jl. Naripan th Floor Bandung Telp

Bigger, Stronger, Better bank bjb. FY2017 Company Report

Bigger, Stronger, Better bank bjb FY2017 Company Report Macroeconomic BI 7 Day Reverse Repo Rate at 6.5% Stable Consumer Confident Index GDP Growth BI Rate Consumer Confidence Index 10 8 6 4 2 0 Index