Company Performance BJTM 1H17

Transcription

1 1 ANALYST MEETING QUARTER II 2017 Company Performance BJTM 1H17

2 Table of Contents Description Page Agenda Cover Table of Contents 2 Overview judul Business Plan Appendix Macro Economy Review 10 - Balance Sheet, Profit & Loss Financial Ratio 13 - Third Party Fund & Loan Management Strength Contact 35 2

3 OVERVIEW 3

4 Financial Performance Balance Sheet In million Rp 1H16 1H17 YoY Profit & Loss In million Rp 1H16 1H17 YoY Asset ,28% judul Loan ,15% - Commercial ,78% Interest Income ,14% Interest Expense ( ) ( ) -14,37% Net Interest Income ,96% Provision for Impairment ( ) (93.973) -60,19% - SME ,26% Net profit ,57% - Consumer ,14% Third Party Fund ,70% - Current Account ,84% - Saving Account ,97% Ratio 1H16 1H17 Ratio 1H16 1H17 ROA 3,18% 4,01% BOPO 70,56% 61,83% ROE 20,87% 22,60% CAR 20,65% 22,91% NIM 6,69% 6,99% COF 2,84% 2,45% - Time Deposit ,99% LDR 72,64% 72,26% CASA 68,79% 69,30% In million Rp 4

5 Non Performing Loan Loan & Impairment Composition NPL Information 1H16 1H17 NPL Gross 4,58% 4,80% NPL Net 1,07% 0,67% In Billion Rp Coverage Ratio 83,37% 91,80% H16 1H17 Loan Impairment Loan Impairment Collectibility 4 Collectibility 5 Collectibility 2 Collectibility 3 Collectibility 1 Consumer s NPL Commercial s NPL 0,85% 0,69% 13,10% 16,43% SME s NPL 7,49% 7,17% NPL Collateral sold in auction 14,7 billion rupiah, and auction registered still up to 100 billion rupiah. Extracomptable or write-off collection result to 33,6 billion rupiah. 5

6 BUSINESS PLAN

7 Business Plan Description E consolidated 2017 E conventional Total Asset 12,65% 0,54% 5,12% 9,19% Loan 8,46% 4,45% 8,63% 11,75% Third Party Fund 13,19% -4,28% 7,44% 12,57% Pre Tax Profit -8.33% 15,13% 10,01% 10,20% Financial Ratio - CAR 21,22% 23,88% 22,59% - LDR 82,92% 90,48% 91,48% - NPL Gross 4,29% 4,77% 3,10% - NIM 6,41% 6,94% 6,87% - BOPO 76,11% 72,22% 70,76% - ROE 16,11% 17,82% 20,55% - ROA 2,67% 2,98% 3,29% 7

8 Networks Plan Network H17 NETWORK PLAN 2017 SHARIA PLAN 2017 Head Office Territorial Office Branch Office Sub Branch Office Cash office Sharia service office Payment Point Mobile cash CDM ATM Total network

9 APPENDIX 9

10 Macro Economy Review LOAN FUND BI 7-Day RR INFLASI 4,45% 8,38%8,36% 3,45% 3,07%3,02% 3,61% 4,37% 7,26% 6,83% 6,38% 5,50% 5,25%5,00%4,75%4,75%4,75% 4,30% 3,35% in trillion Rp FY13 FY14 3M15 1H15 9M15 FY15 3M16 1H16 9M16 FY16 3M17 Economic Growth Economic Share INDONESIA EAST JAVA 6,08% 5,86% 5,18%5,25%5,44%5,44%5,34% 5,55%5,61% 5,50%5,37% JAVA East Java Indonesia 5,58% 5,02%4,71%4,70%4,73%4,79% 59% Java 4,92%5,04%5,02%4,90%5,01% 22% Sumatra 2% Bali & Nusa Tenggara 6% Sulawesi FY13 FY14 3M15 1H15 9M15 FY15 3M16 1H16 9M16 FY16 3M17 8% Kalimantan 3% Maluku & Papua Source: Bank Indonesia Java 29% DKI Jakarta 25% East Java 23% West Java 15% Central Java 7% Banten 1% DIY 10

11 11 Balance Sheet Information In million Rp 1H16 1H17 YoY 2Q16 1Q17 2Q17 YoY QoQ Total Asset ,28% ( ) ,66% -82,93% Placement BI & SBI ,64% ( ) ( ) -35,96% -116,63% Loan ,15% ( ) ,92% -412,18% Allowance for Impairment Losses ( ) ( ) 20,01% (69.008) (29.896) ,67% -131,55% Third Party Fund ,70% ( ) ,52% -91,75% - Current Account ,84% ( ) ( ) -44,13% -142,30% - Saving Account ,97% ( ) ,63% -165,66% - Time Deposit ,99% ,29% -26,12% Equity ,91% ( ) ,40% -239,85%

12 12 Profit / Loss Information In million Rp 1H16 1H17 YoY 2Q16 1Q17 2Q17 YoY QoQ Interest Income ,14% ,34% 10,82% Interest Expense ( ) ( ) -14,37% ( ) ( ) ( ) -11,94% 27,12% Nett Interest Income ,96% ,89% 5,69% Non Interest Operational Income Non Interest Operational Expense Provision for Impairment Losses Nett Non Interest Operational Income (Expense) ,96% ,55% 26,84% ( ) ( ) -0,87% ( ) ( ) ( ) 3,09% 24,91% ( ) (93.973) -60,19% ( ) (96.610) ,70% -102,73% ( ) ( ) -18,08% ( ) ( ) ( ) -30,28% -7,23% Operational Profit ,94% ,52% 16,74% Non Operational Profit ,66% (161) ,92% -62,53% Pre Tax Profit ,53% ,45% 15,44% Taxes ( ) ( ) 20,68% (85.752) ( ) ( ) 60,58% 10,82% Net profit ,57% ,40% 17,13%

13 Financial Ratio R O A 4,07% 3,55% 3,94% 3,75% 5,58% 4,97% 3,34% 3,82% 3,52% 2,67% 3,80% 3,18% 3,09% 2,98% 3,96% 4,01% R O E N I M L D R 38,48% 30,85% 31,48% 28,59% 40,57% 33,65% 18,96% 19,04% 18,98% 16,11% 23,49% 20,87% 20,14% 17,82% 20,71% 22,60% 9,34% 7,28% 8,35% 7,66% 9,17% 7,95% 6,48% 7,14% 6,90% 6,41% 6,83% 6,69% 6,70% 6,94% 7,18% 6,99% 80,70% 80,11% 83,55% 84,98% 86,54% 82,92% 69,67% 68,11% 72,64% 71,97% 90,48% 70,62% 72,26% 54,04% 38,75% 42,11% C A R 38,45% 33,39% 25,36% 26,56% 21,32% 19,19% 23,72% 22,17% 16,53% 21,22% 19,46% 20,65% 22,43% 23,88% 22,30% 22,91% B O P O 69,43% 68,20% 67,42% 66,04% 59,58% 60,02% 68,69% 70,28% 69,63% 76,11% 65,32% 70,56% 71,15% 72,22% 62,62%61,83% M16 1H16 9M16 FY16 3M17 1H17 13

14 Third Party Fund Third Party Fund in billion FY12 1H13 FY13 1H14 FY14 1H15 9M15 FY15 3M16 1H16 9M16 FY16 3M17 1H17 Funding Growth Composition Ticket Size in million Current Account Jun 16 Jun 17 YoY Jun 16 Jun 17 Jun 16 Jun 17 Government ,39% 25,83% 25,26% , ,8 Private ,69% 12,24% 11,77% 92,7 86,6 Total ,84% 38,07% 37,03% 287,7 272,1 Saving Account Jun 16 Jun 17 YoY Jun 16 Jun 17 Jun 16 Jun 17 Simpeda ,87% 25,63% 24,94% 5,8 5,7 Siklus ,59% 1,87% 3,70% 6,0 8,8 Tab Haji ,77% 0,52% 0,51% 1,8 1,7 TabunganKu / SimPel ,11% 2,43% 2,79% 0,4 0,4 Barokah ,47% 0,27% 0,33% 5,9 5,9 Total ,97% 30,72% 32,26% 2,6 2,6 Time Deposit Jun 16 Jun 17 YoY Jun 16 Jun 17 Jun 16 Jun 17 Deposit ,99% 31,21% 30,70% 350,6 310,9 Total ,99% 31,21% 30,70% 350,6 310,9 14

15 Loan H14 9M14 FY14 3M15 1H15 9M15 FY15 3M16 1H16 9M16 FY16 3M17 1H17 Lending Growth Loan Composition Ticket Size in million CONSUMER Jun 16 Jun 17 YoY Jun 16 Jun 17 Jun 16 Jun 17 Multi Purpose ,69% 56,36% 58,27% 69,0 74,6 Mortgage ,20% 5,13% 5,63% 177,2 187,4 Other ,72% 3,03% 3,71% 140,4 209,6 Total ,14% 64,52% 67,61% 74,4 81,6 COMMERCIAL Jun 16 Jun 17 YoY Jun 16 Jun 17 Jun 16 Jun 17 Standby Loan ,36% 2,24% 1,80% 291,3 451,7 Keppres ,19% 3,29% 2,05% 303,3 310,2 Overdraft ,40% 9,79% 9,72% 773,9 827,3 Syndicate ,00% 4,45% 3,29% , ,8 General ,53% 3,93% 4,81% 888,0 704,3 Total ,78% 23,70% 21,67% 663,7 741,1 S M E Jun 16 Jun 17 YoY Jun 16 Jun 17 Jun 16 Jun 17 Pundi ,16% 4,35% 4,64% 62,3 61,2 Laguna ,19% 0,06% 0,10% 11,1 19,9 Bankit KKPA ,59% 0,60% 1,30% 41,7 60,6 Siumi ,89% 0,05% 0,09% 125,3 97,7 Jatim Mikro ,95% 1,90% 1,97% 135,6 105,0 Others ,57% 4,82% 2,61% 134,7 148,9 Total ,26% 11,78% 10,72% 84,3 76,8 in billion 15

16 16 LOAN FY14 1H17 CONSUMER FY14 3M15 1H15 9M15 FY15 3M16 1H16 9M16 FY16 3M17 1H17 Multi Purpose Mortgage Other Total COMMERCIAL FY14 3M15 1H15 9M15 FY15 3M16 1H16 9M16 FY16 3M17 1H17 Standby Loan Keppres Overdraft Syndicate General Total S M E FY14 3M15 1H15 9M15 FY15 3M16 1H16 9M16 FY16 3M17 1H17 Pundi Laguna Bankit KKPA Siumi Jatim Mikro Others Total in million

17 17 NPL FY14 1H17 FY14 3M15 1H15 9M15 FY15 3M16 1H16 9M16 FY16 3M17 1H17 NPL Gross 3,31% 3,87% 3,82% 4,22% 4,29% 4,59% 4,58% 4,92% 4,77% 4,84% 4,80% NPL Net 1,08% 1,11% 1,47% 1,28% 1,10% 1,19% 1,07% 1,04% 0,65% 0,55% 0,67% Coverage Ratio 71,43% 78,95% 75,82% 84,28% 81,02% 80,87% 83,37% 84,18% 93,49% 95,33% 91,80% CONSUMER 0,60% 0,66% 0,75% 0,86% 0,74% 0,82% 0,85% 0,89% 0,84% 0,64% 0,69% COMMERCIAL 7,27% 10,40% 9,22% 10,01% 12,07% 13,69% 13,10% 14,16% 15,02% 16,93% 16,43% S M E 7,64% 8,24% 8,14% 8,41% 7,09% 7,38% 7,49% 7,29% 6,95% 6,91% 7,17%

18 MANAGEMENT 18

19 Board of Commissioners Wibisono Independent Commissioner Soebagyo Independent Commissioner Heru Santoso Independent President Commissioner Rudi Purwono Independent Commissioner Akhmad Sukardi Commissioner Experience: Bank Indonesia Last Position: Deputy Head Surabaya Branch Experience: University Lecturer Surabaya Mayor Expert Staff Currently: Lecturer Experience: Bank Indonesia Last Position: Governor Board Expert Staff Experience: Airlangga University Lecturer BNI Regional Chief Economist Currently: Airlangga Univ. Vice Dean Payment Board East Java Gov. Regional Research Board Gov. Experience: East Java Government Currently: East Java Regional Secretary 19

20 Change of Director Structures No Old Structures No New Structures 1 President Director 1 President Director 2 Medium & Corporate Business Director 2 Medium & Corporate Director 3 Operational Director 3 Operational Director 4 Agribusiness & Sharia Business Director 4 Retail, Consumer, & Sharia Business Director 5 Compliance Director 5 Compliance & Human Capital Director 6 Risk Management Director 7 Finance Director As a result of Bank Jatim s Extraordinary General Meeting June 15th,

21 Board of Directors Tony Sudjiaryanto Retail, Consumer, & Sharia Business Director Suúdi Medium & Corporate Director Ferdian Timur S* Finance Director R Soeroso President Director Rizyana Mirda * Risk Management Director Hadi Santoso * Compliance & Human Capital Director Rudie Hardiono Operational Director Experience: Credit Division Head Special Credit Division Head Treasury Division Head Bank Jatim Experience: IT Division Head Planning Division Head Risk Management Division Head Bank Jatim Experience: Kepanjen Branch Head Corporate Secretary Bank Jatim Experience: Corporate Secretary Bank Jatim President Director Bank UMKM Experience: Credit Risk Div Medium&Corporate Credit Div Bank Jatim Experience: Sharia Business Div Medium&Corporate Credit Div Bank Jatim Experience: Corporate Secretary Compliance Director Bank Jatim * Effective after pass OJK s Fit and Proper Test. 21

22 22 Compliance & Human Capital Director Compliance & GCG Division Law Division Human Capital Division Risk Management Director Credit Risk Division Corporate Risk Management Division Credit Rescue & Completion Division Finance Director Treasury Division Budget & Financial Controlling Division Strategic Planning & Management Performance Strategy Division New Director Target Competent human resources with sufficient amount Fund transaction activity and services which not contradict with legal Determination of procedures inherent to the compliance violant Workers productivity Contribution Margin Delinquency rate 30+ days past due (DPD) for the main products, especially individual loan (loan quality) Classified Loan Recovery Rate Recovery Intracomptable dan Extracomptable Expansion and average volume of loan balance Market cap growth realization Return after tax gaining Return on Equity (after tax) Finance Director Revenue included Total of Treasury Revenue dan FI segment Fee Based Income contribution Yield Portofolio Treasury

23 23 Compliance & Human Capital Director Current Strategies SUBJECT Optimizing Human Capital to support banking business Compliance Cultural Mitigation and managing countermeasures of legal risk. STRATEGY 1. Evaluate human capital position structures: Accelerate staff and management development programs. Evaluating outsourcing and non career employee Training and education to achieve target 2. Increase employee spiritual mental by religious event. Improving employee job desk understanding by socialization. 1. Organize the implementation of development evaluation and legal system application, such as reviewing mou. 2. Organize internal legal system to handle legal issues, such as legal assistance and legal opinion. 3. Synergize and integrate managing process and law implementation strategy to achieve legal issues optimal resolution.

24 24 Risk Management Director Current Strategies SUBJECT Risk mitigation into activities, new products or existing, including 8 risks analysis. Minimize credit risk. Credit Rescue & Completion Division STRATEGY - Identify, measure and evaluate all bank business risk. - Giving early warning to right business sector for future lending with stress testing all portfolio, segment, and products. - Proactive customer visit to understand the condition directly. Improving the quality of whole credit portfolio which sustainable by providing correct analysis with credit scoring & rating analysis. - Lowering NPL 1. Monitoring credit expansion 2. Comprehensive collection. 3. Collateral auction. 4. Conduct bankcruptcy - Increase extracomptable collection by filtering potensial debtor.

25 25 Finance Director Current Strategies SUBJECT Bank Placement Interest Income: ICM provides a lower interest rate compared to time deposit. Securities interest income: Securities with high yield not optimal STRATEGY Strategy of optimizing short-term placements in time deposit. Mid-term liquidity securities to be optimized to high yield securities. Treasury Marketing and Sales: All branches required for foreign exchange and bank note Foreign exchange and bank note transactions. transaction still low. Not all branch actively sell foreign exchange and bank note. Business-leading programs is constrained by the lack of competitive products Take new pricing and leading products.

26 STRENGTH 26

27 27 Compound Annual Growth Rate INTEREST INCOME (Rp Tril) INTEREST EXPENSE (Rp Tril) NET PROFIT (Rp Tril) 1,7 1,7 2 2,1 CAGR = 8,57% 2,7 2,8 2,9 3,3 4,6 4,8 4,7 4,1 CAGR = 5,31% 0,9 0,8 0,8 0,7 0,7 0,7 0,7 0,6 1,341,36 1,2 1,2 0,40,4 0,50,5 CAGR = 11,97% 1,18 1,03 0,90,9 0,7 0,80,94 1,48 THIRD PARTY FUND(Rp Tril) LOAN (Rp Tril) TOTAL ASSET (Rp Tril) CAGR = 10,06 % 30,3 26,0 20,1 22,2 16,2 12,0 13,2 13,7 14,5 44,6 32,8 42,2 4,6 CAGR = 16,99% 16,1 18,6 13,1 10,1 7,4 5,5 22,3 28,729,7 30,5 26,2 14,2 15,7 16,3 17,420,0 CAGR = 11,36% 38,0 33,1 29,1 24,9 52,5 42,9 51,6

28 19,9% 17,1% 63,0% 22,1% 23,1% 54,8% 21,0% 24,0% 55,0% 17,2% 19,9% 62,9% 20,5% 21,3% 58,2% 23,7% 24,1% 52,2% 28,7% 25,0% 46,3% 23,7% 28,4% 48,0% 21,0% 35,9% 43,1% 23,9% 35,4% 40,7% 19,7% 36,8% 43,5% 23,2% 38,4% 38,4% 28 25,2% 36,3% 38,5% 23,4% 37,2% 39,4% 21,8% 43,8% 34,4% 30,70% 32,26% 37,03% Strength of Funding Current account Saving deposit Time deposit H17 5,00% Cost of Fund (+) Local Government (-) Local Government 2,75% 3,10% 3,28% 3,31% 3,26% 3,81% 3,71% 3,95% 4,53% 2,39% 2,58% 2,67% 3,45% 3,82% 2,50% 2,77% 2,97% 2,88% 3,00% 2,53% 3,02% 3,18% 3,21% 2,61% 3,16% 3,54% 3,48% 2,68% 3,01% 3,68% 3,63% 2,35% 2,56% 2,56% 3,01% 1,81% 2,84% 2,78% 1,86% 2,30% 2,45% 1H12 9M12 FY12 3M13 1H13 9M13 FY13 3M14 1H14 9M14 FY14 3M15 1H15 9M15 FY15 3M16 1H16 9M16 FY16 3M17 1H17

29 29 Strength of Loan (Multipurpose) million Rp MULTIGUNA TICKET SIZE 56,7 59,3 61,2 61,9 63,1 64,0 66,6 67,5 69,0 69,7 73,2 73,2 74,6 1H14 9M14 FY14 3M15 1H15 9M15 FY15 3M16 1H16 9M16 F Y16 3M17 1H17 billion Rp MULTIGUNA LOAN BALANCE H14 9M14 FY14 3M15 1H15 9M15 FY15 3M16 1H16 9M16 F Y16 3M17 1H17 Loan balance 58,27% of total loan NPL 0,31% as of June 2017

30 30 Human Resources No DATA June 2016 June Board of Commisioner Board of Sharia Supervisory Board of Director Management Management Management Management Staff of Administration Staff Non Administration Non Permanent Outsource Total

31 B Series Investor Composition B Series Investor 1H16 1H17 Foreign Investor 67,71% 60,64% Domestic Investor 32,29% 39,36% Ownership No Country Share 1 INDONESIA 39,3565% 2 AMERIKA 28,0926% 3 FINLANDIA 7,3038% 4 IRLANDIA 6,7525% 5 NORWEGIA 4,9673% 6 LUKSEMBURG 3,8169% 7 INGGRIS 2,1608% 8 KANADA 1,8517% 9 JEPANG 1,2271% 10 AUSTRALIA 1,0972% 11 SAUDI ARABIA 0,8573% 12 SWITSERLAND 0,6143% No Country Share 13 SINGAPURA 0,4906% 14 BERMUDA 0,3550% 15 THAILAND 0,3331% 16 BELANDA 0,1807% 17 KOREA SELATAN 0,1645% 18 CAYMAN ISLAND 0,0896% 19 HONGKONG 0,0844% 20 SWEDIA 0,0725% 21 JERMAN 0,0646% 22 CINA 0,0400% 23 MALAYSIA 0,0247% 24 FILIPINA 0,0022% Total 100% (A Series) East Java Government (A Series) City & Municipal Government (B Series) Public Domestic (B Series) Public Foreign 51,36% 28,48% 7,93% 12,22% Total 100% 31

32 Dividen & Stock Fiscal year Payment of Dividend Cash Per Share (Rp.) Net Profit Dividen Payment Ratio , ,99 81,8% , ,19 73,50% , ,50 66,5% , ,00 72,42% , ,00 63,43% BJTM Price June 22, 2017 IDR 665/ share PBV 1,36 EPS 98,78 PER 6,73 Market Cap Rp bn 32

33 Competitive Products 33

34 Award No 1 BUMD Listed Annual Report Award Padmamitra Award Bank Jatim Regional Banks with excellent service of the year 2016 Top BPD 2016 The Higher Bank that Disbursing Active Role as Resi Gudang FLPP Fund Lending 34

35 IR Contact Investor Relations (IR) Corporate Secretary (031) ext