P T B a n k D a n a m o n I n d o n e s i a T b k

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1 P T B a n k D a n a m o n I n d o n e s i a T b k A n a l y s t B r i e f i n g 1 st H a l f Jakarta, 25 July 2018 PT Bank Danamon Indonesia Tbk terdaftar dan diawasi oleh OJK

2 L o n g - t e r m s t r a t e g i c i n i t i a t i v e s h a v e t r a n s l a t e d i n t o s t r o n g l o a n a n d C A S A g r o w t h i n 1 H 1 8 Successfully serving personal and business needs of the growing middle class and mass-affluent segments Diversify Growth Engines Consumer Mortgage and SME grew 40%, and 14%, respectively ADMF s 4W new financing amount increased by 26% in 1H18 Enterprise Banking grew 4% YoY Improve Funding Structure CASA grew 9% YoY due to higher current account and granular savings account CASA ratio increased by 400 bps to 48.2% from 44.3% last year 1

3 1 H B a l a n c e S h e e t H i g h l i g h t s In Rp billion 1H17 1H18 YoY QoQ Total Assets 176, ,416 4% 179, ,416 2% Total Loan Portfolio and Trade Finance 1) 128, ,902 4% 130, ,902 3% Total Loan Portfolio and Trade Finance 1) excl. Micro 119, ,360 8% 124, ,360 4% Government Bonds 6,722 11,821 76% 10,154 11,821 16% Total Funding 126, ,534-1% 124, ,534 1% CASA 46,695 50,822 9% 50,072 50,822 1% Time deposits 58,770 54,560-7% 53,678 54,560 2% Borrowings and LT. Funding 21,006 20,153-4% 21,120 20,153-5% Equity 37,091 39,155 6% 38,336 39,155 2% 1) Trade Finance includes related marketable securities 2

4 1 H I n c o m e S t a t e m e n t In Rp billion 1H17 1H18 YoY QoQ Net Interest Income 7,057 7,212 2% 3,599 3,613 0% Net Interest Income excl. micro 6,511 6,932 6% 3,439 3,493 2% Non Interest Income 1) 1,718 1,607-7% % Operating Income 8,775 8,819 0% 4,394 4,425 1% Operating Expenses 4,214 4,267 1% 2,118 2,149 1% PPOP 2) 4,562 4,552 0% 2,275 2,277 0% Cost of Credit 1,691 1,686 0% % Operating Profit 2,871 2,866 0% 1,477 1,389-6% NPAT 2,039 2,011-1% 1, % 1) Consist of fee income of Rp1,608bn in 1H18 VS Rp1,734 bn last year and other non interest income 2) Pre-Provision Operating profit 3

5 1 H K e y F i n a n c i a l R a t i o s In % 1H17 1H18 YoY QoQ NIM (0.1) (0.0) CoC (0.3) Risk-adjusted NIM (0.1) (0.3) Cost to Income (0.4) (0.3) CASA Ratio (0.1) Regulatory LFR (0.6) Consolidated LFR 1) (0.1) NPL Gross (0.1) (0.2) NPL Gross, including Trade Finance 2) (0.1) (0.1) Loan Loss Coverage (LLC) (2.4) ROAA 1) (0.1) (0.2) ROAE 1) (0.7) (0.9) CAR Consolidated (0.1) 1) Consolidated including Adira Finance structured funding 2) Trade finance includes related marketable securities 4

6 H i g h e r e f f i c i e n c y a n d p r o f i t a b i l i t y w i t h o u t M i c r o B a n k i n g Consolidated Financials Consolidated Financials with SEMM If without SEMM* 1H17 1H18 YoY 1H17 1H18 YoY NIM (%) (0.1) Cost of Credit (%) (0.2) Cost-to-Income Ratio (%) (0.4) Net Profit Before Taxes (Rp bn) 2,871 2,866 0% 2,895 2,926 1% ROAE (%) (0.7) (1.1) * Opex reduction are based on SEMM direct cost only Micro Banking Update > Micro banking will continue to focus on improving credit quality, collections, and recoveries as well as on streamlining the network 5

7 A d e q u a t e l i q u i d i t y c o m b i n e d w i t h i m p r o v e m e n t i n f u n d i n g s t r u c t u r e Regulatory LFR* (%) Liquidity is in line with mgmt s target CASA, TD, & CASA Ratio CASA ratio continued to improve CASA (Rp Tn) TD (Rp tn) CASA Ratio (%) LFR Ave Daily +9% -7% Q16 LDR (%) by BUKU BUKU 3 Banks posted the highest LDR May-17 May LFR is in line with management s target in the 92-94% range. CASA to consolidated funding continued to improved on the back of higher granular saving account (Danamon Lebih). BUKU 1 BUKU 2 BUKU 3 BUKU 4 Industry *) Loan to Funding Ratio ( LFR ) calculation is as stipulated in BI regulation No. 17 / 11 / PBI / 2015 dated 25 June 2015 effective in August

8 C a p i t a l s t r u c t u r e r e m a i n s s t r o n g Capital Adequacy Ratio (%) Market and Operational Risk Charges (%) % CAR w/ Credit Risk Market Risk Charge Consolidated Bank Only Operational Risk Charge CAR Consolidated Tier 1 and Tier 2 Consolidated Capital Ratio (%) Tier 2 Capital Tier 1 Capital Danamon s capital level and internal capital generation remain strong. The capital level is significantly above the minimum regulatory requirement. Even after considering the potential impact of IFRS 9 implementation, Danamon s capital level would remain adequate to support growth. 7

9 C o n t i n u e d g r o w t h i n t h e S M E, C o n s u m e r M o r t g a g e, a n d A D M F Composition of Loan Portfolio & Trade Finance 1) (Rp tn) Growth of Loan Portfolio & Trade Finance 1) Rp bn 1H17 1H18 YoY QoQ Enterprise 2) & FI 37,142 38,637 4% 5% 29% 2% 28% 2% 29% 2% 28% 2% 29% 2% SME Consumer Mortgage 26,746 30,410 14% 4% 8,785 10,022 11% 0% 4,937 6,920 40% 5% 21% 22% 22% 23% 23% Others 3) 3,848 3,101-19% -10% Adira Finance 44,552 48,071 8% 4% 7% 7% 7% 8% 7% ABF Total excl Micro 2,558 2,221-13% -4% 119, ,361 8% 4% 35% 35% 35% 35% 36% Total SEMM (Micro) 8,558 4,542-47% -20% 128, ,902 4% 3% 7% 6% 5% 4% 3% 1) Trade finance includes related marketable securities. 2) Enterprise Banking: Commercial and Corporate. 3) Unsecured Personal Loan, Credit Card, and Other. 8

10 A D M F s 2 W & 4 W n e w f i n a n c i n g a m o u n t g r e w b y 1 4 % a n d 2 6 % r e s p e c t i v e l y ADMF units New Financing vs. Industry (% YoY growth based on cumulative YTD) ADMF New Financing amount (% YoY growth) 1H17-9.0% -19.0% ADMF 2W 0.0% -16.0% 9M17 Industry 2W 7.0% -1.0% 4.0% -16.0% FY % 4.8% 1H18 1H17 3.0% -5.0% ADMF 2W 6.0% -2.0% 9M % ADMF 4W 16.5% 6.0% -2.0% FY % 14.1% 1H18 ADMF 4W Industry 4W 15.5% 14.3% ADMF Outstanding Loan Rp bn 1H17 1H18 YoY QoQ 1H17 0.3% -2.0% 2.7% 0.0% 9M17 1.7% -2.0% FY17 2.9% 3.7% 1H18 2W auto loans* 20,327 21,344 5% 20,409 5% 4W auto loans* 22,722 24,790 9% 23,489 4% White goods and others* 1,501 1,937 29% 1,819 7% Adira Finance 44,552 48,071 8% 46,076 4% *Restated to include reclassification of certain collateralized multipurpose loans into White goods and others. 9

11 N I M a n d r i s k a d j u s t e d N I M a r e m a i n t a i n e d, a s N o n - M a s s M a r k e t l o a n s g r e w Composition of Loan Portfolio & Trade Finance (Rp tn) NIM and Risk-Adjusted NIM (%) % 77% 78% 79% 79% % 23% 22% 21% 21% Higher Yield (SEMM +2W+ Durable goods) Lower Yield (Non-Mass Market + 4W) CoC Risk Adj NIM 10

12 S p e c i a l M e n t i o n l o a n s i m p r o v e d b p s Y o Y. M o d e r a t e i n c r e a s e i n N P L w i l l b e m a n a g e d d o w n i n 2 H 1 8 Loan Collectability (% of Total Loans) Industry s NPL Ratio BDI NPL BDI-SM Industry s NPL NPL amount (Rp bn) and Composition (% of Total NPL) 3,871 24% 24% 5% 47% 3,987 27% 25% 5% 43% 3,412 23% 28% 6% 44% 3,875 32% 28% 5% 35% 4,169 29% 29% 6% 36% BDI s NPL Enterprise & FI SME Consumer Mass Market Source : Industry NPL based on SPI as of May

13 S t e a d y a s s e t q u a l i t y i n k e y s e c t o r s. N P L i n s o m e l e g a c y s e c t o r s r e m a i n e d BDI Loans by Sector (% of total loans) Industry Loans by Sector (% of total loans) Jun-17 Jun May-17 May Trading Household Proccesing RE, Rental & Svcs Transport Agri Construction Mining Trading Mortgage Proccesing RE, Rental & Svcs Transport Agri Construction Mining BDI NPL by Sector (%) Jun-17 Jun Industry NPL by Sector (%) May-17 May Trading Household Proccesing RE, Rental & Svcs Transport Agri Construction Mining Trading Mortgage Processing RE, Rental & Svcs Transport Agri Construction Mining Sectors experiencing increase in NPL ratios makes up lower percentage of total loans. Processing sector makes up 16.3% of total loans. While transport and construction segment sonly make up 4.9% and 2.8% of total loans, respectively. Source: SPI May

14 S t a b l e C o C R a t i o. R e s t r u c t u r e d l o a n s c o n t i n u e d t o d e c l i n e YTD CoC as % of avg loan Cost of Credit (% of Avg Loans and Rp bn) % % % % % 67% 65% 65% 68% 66% Non Mass Market Mass Market Restructured Loans (% of Total Loans and Rp bn) 3, , , , , % of total loan Restructured Loan 13

15 G e n e r a l i n s u r a n c e & b a n c a s s s u r a n c e g r e w 1 9 % a n d 4 % Y o Y r e s p e c t i v e l y Fee Income (Rp bn) Non-Credit Related Fee Income (Rp bn) 1H17 1H18-7% +19% 299 1H17 1H18 1,734 1, ,040-17% % % % % Credit Related Fee Income Non-Credit Related Fee Income Treasury Total Fee Income Bancassurance General Insurance (Net Underwriting Profit) Cash Mgmt & Others 14

16 THANK YOU Investor Relations PT Bank Danamon Indonesia, Tbk Menara Bank Danamon, 16 th Floor Jl. H.R. Rasuna Said Kav. C-10 Setiabudi - Kuningan, Jakarta Selatan Phone: investor.relations@danamon.co.id