PT Bank OCBC NISP Tbk Financial Performance First Quarter 2016 (Unaudited)

Transcription

1 PT Bank OCBC NISP Tbk Financial Performance First Quarter 2016 (Unaudited) This report is solely for the use of PT. Bank OCBC NISP Tbk. No part of it may be circulated, quoted, or reproduced for distribution outside the organization without prior written approval from PT. Bank OCBC NISP Tbk. This material was used by PT. Bank OCBC NISP Tbk.during an oral presentation; it is not a complete record of the discussion. 1

2 Agenda First Quarter Performance Financial Results Corporate Updates Appendix 2

3 Executive Summary NPAT reached IDR 457 billion or increased by 23% YoY in first quarter 2016 Total Assets grew 4% YoY at IDR 119 trillion Loans outstanding rose 22% YoY to IDR 85 trillion Deposits increased 9% YoY to IDR 90 trillion LDR ratio was 94.7%, Loan-to-Funding ratio at 88.4% Gross NPL stood at 1.4%, remains well below the industry average CAR at 18.0%, above the minimum requirement Corporate Rating is AAA with stable outlook Network Coverage with 339 offices and 753 ATM OCBC NISP 3

4 Network Branch 339 Offices Jabotabek, Banten (150) West Java (61) Central Java (24) East Java (34) Bali, Lombok, Sumatera, Kalimantan, Sulawesi, Others (70) Electronic channel ATM, EDC & e-banking 753 ATM OCBC NISP and access to more than 161,000 ATM Network in Indonesia and access to 889 ATM OCBC Group Network in Singapore and Malaysia 1,018 EDC OCBC NISP and access over 406,000 EDC Network e-channel OCBC NISP including internet and mobile banking Call centre Call OCBC NISP Hotline Treasury Corporate Website - 4

5 Income Statement Highlights IDR billion 1Q15 4Q15 1Q16 QoQ YoY Net Interest Income 981 1,303 1,423 9% 45% Non Interest Income (31%) 9% Operating Income 1,182 1,619 1,641 1% 39% Operating Expenses (649) (778) (767) (2%) 18% Pre Provision Operating Profit % 64% Provision Expense (37) (253) (276) 9% 638% Non Operating Income / (Expense) NM NM Profit Before Tax % 22% Net Profit After Tax % 23% 5

6 Financial Position Highlights IDR billion 1Q15 4Q15 1Q16 QoQ YoY Placement in other Bank (net) 1) 12,341 9,278 1,978 (79%) (84%) Marketable Securities 2) 18,869 12,003 19,194 60% 2% Loans (gross) 3) 69,971 85,879 85,122 (1%) 22% Impairment Allowance (1,476) (1,838) (2,113) 15% 43% Total Assets 115, , ,400 (1%) 4% Current Account 13,275 22,506 21,162 (6%) 59% Savings 11,423 13,646 14,063 3% 23% Time Deposit 57,716 51,128 54,351 6% (6%) Total Customer Deposits 3) 82,414 87,280 89,576 3% 9% Borrowings 2,615 2,757 2,652 (4%) 1% Marketable Securities Issued 5,384 5,392 2,802 (48%) (48%) Subordinated Bonds NM NM Total Liabilities 99, , ,472 (2%) 3% Equity 15,330 16,411 16,928 3% 10% Note: 1) Including Placement in Bank Indonesia 2) Exclude Securities purchase under resale agreement 3) Including Sharia products 6

7 Key Ratios Note: 1) Loan-to-Deposit calculation and Loan-to-Funding according to guideline from Bank Indonesia 2) Funding includes Customer Deposits, Borrowings, Bonds and Medium Term Notes (MTN) 1Q15 4Q15 1Q16 QoQ YoY Net Interest Margin 3.8% 4.7% 5.2% 0.5% 1.4% Non Int. Income / Operating Income 17.0% 19.6% 13.3% (6.3%) (3.7%) Cost / Income 54.9% 48.1% 46.7% (1.4%) (8.2%) ROA 1.8% 1.9% 2.0% 0.1% 0.2% ROE 9.9% 10.9% 11.0% 0.1% 1.1% Loan / Deposit 1) 84.6% 98.0% 94.7% (3.3%) 10.1% Loan / Funding 1) 82.0% 95.4% 92.2% (3.2%) 10.2% Loan / Funding 2) 76.4% 88.9% 88.4% (0.5%) 12.0% CASA / Deposit 30.0% 41.4% 39.3% (2.1%) 9.3% NPL Gross 1.4% 1.3% 1.4% 0.1% - NPL Net 0.8% 0.8% 0.8% - - Loan Loss Provision (LLP) / NPL 151.9% 164.6% 176.8% 12.2% 24.9% NOP 1.7% 1.0% 0.8% (0.2%) (0.9%) CAR 19.2% 17.3% 18.0% 0.7% (1.2%) 7

8 NIM increased to 5.2% in 1Q16 along with diversified Non- Interest Income channels Net Interest Income IDR billion Non-Interest Income by Type First Quarter 3.8% 3.6% % 1, % 1,303 Net Interest Margin 5.2% 1,423 Deposit Administration 2016: 7% 2015: 8% Credit Related 2016: 18% 2015: 21% Others *) 2016: 20% 2015: 27% Gain from Sale of Marketable Securities 2016: 23% 2015: 35% Foreign Exchange Gain (loss) 2016: 9% 2015: (18%) Trade Finance 2016: 14% 2015: 18% Bancassurance 2016: 9% 2015: 9% 1Q15 2Q15 3Q15 4Q15 1Q16 Non-Interest Income 2016: Rp 218 billion 2015: Rp 201 billion *) Including Wealth Mgt, Remittance, e-channel and Other fee 8

9 Cost-to-Income Ratio improved to 46.7% in 1Q 2016 Operating Expense and Operating Income IDR billion 54.9% 56.8% 55.8% 48.1% Cost to Income Ratio 46.7% 1,619 1,641 1,182 1,210 1, % 40% 40% % % 60% 60% 60% 63% 62% 1Q15 2Q15 3Q15 4Q15 1Q16 Operating Income Employee Expense General Administration Expenses 9

10 Total loans increased by 22% YoY to Rp 85 trillion on the back of diversified loans growth Loans Composition IDR billion Loans by Sector First Quarter Others *) 2016: 15% 2015: 17% Construction 2016: 2% 2015: 2% Agricultural & Mining 2016: 12% 2015: 8% 69,971 17% 42% 74,214 16% 42% 82,081 14% 44% 85,879 85,122 14% 14% 43% 43% Service 2016: 18% 2015: 21% 41% 42% 42% 43% 43% 1Q15 2Q15 3Q15 4Q15 1Q16 Working Capital Investment Consumer Manufacturing 2016: 26% 2015: 25% Trading 2016: 27% 2015: 27% Outstanding loans 2016: Rp 85,122 billion 2015: Rp 69,971 billion Note: Consumer loans includes Employee loan *) Others category Including Consumer loans 10

11 The bank loans were spread over regions which most of economic activities are undertaken Loans by Geography First Quarter Loans by Currency First Quarter Kalimantan 2016: 2% 2015: 3% Sumatera 2016: 10% 2015: 11% Sulawesi and Others *) 2016: 3% 2015: 3% Central Java 2016: 2% 2015: 2% West Java 2016: 13% 2015: 14% Foreign Currencies 2016: 25% 2015: 29% East Java 2016: 9% 2015: 9% Jakarta 2016: 61% 2015: 58% Rupiah 2016: 75% 2015: 71% Outstanding loans 2016: Rp 85,122 billion 2015: Rp 69,971 billion Outstanding loans 2016: Rp 85,122 billion 2015: Rp 69,971 billion 11

12 Gross NPL was recorded at 1.4%, while Net NPL stood at 0.8% Loan Collectibility % Outstanding loans Loan Loss Provision (LLP) / NPL % Net NPL 0.8% 0.7% 0.8% 0.8% 0.8% % 1.3% % 1.6% % 1.4% % % 1.6% 1.6% % 97.1% 97.3% 97.1% 97.0% Q15 2Q15 3Q15 4Q15 1Q16 1Q15 2Q15 3Q15 4Q15 1Q16 Current Special Mention NPL Gross General Specific 12

13 Total CASA represent 39.3% of Third party funds Deposit Composition IDR billion Deposit and Funding by Currency First Quarter Foreign Currencies 2016: 31% 2015: 38% 82,414 84,719 70% 65% 14% 14% 91,200 87,280 89,576 61% 58% 61% 15% 16% 16% 16% 21% 24% 26% 23% 1Q15 2Q15 3Q15 4Q15 1Q16 Current Accounts Savings Time Deposits Foreign Currencies 2016: 31% 2015: 37% Total Deposit 2016: Rp 89,576 billion 2015: Rp 82,414 billion Total Funding 2016: Rp 95, 908 billion 2015: Rp 91,290 billion Rupiah 2016: 69% 2015: 62% Rupiah 2016: 69% 2015: 63% Note: Funding includes Customer Deposits, Borrowings, Bonds and MTN 13

14 LDR was 94.7%, while Loan-to-Funding ratio was 88.4% at 1Q 2016 Loans, Third Party Fund and Funding IDR billion Loan-to-Deposit Ratio 84.6% 87.3% 89.7% 98.0% 94.7% 76.4% Loan-to-Funding Ratio 69,971 82,414 91, % 81.5% 100,397 93,650 91,200 84,719 82,081 74, % 88.4% 96,308 95,908 87,280 85,879 89,576 85,122 1Q15 2Q15 3Q15 4Q15 1Q16 Loans Deposit Funding Note: 1) Funding includes Customer Deposits, Borrowings, Bonds and MTN. 2) Secondary Statutory Reserve was managed at 16.3% level ( vs 4% level of minimum requirement) 14

15 Share Price and Credit Ratings Daily share price and trading volume NISP IJ Rating Daily trading volume (Thousand) 30,000 24,000 Share price (Rupiah) Share Price 1,750 1,500 PEFINDO Feb 2016 Fitch Ratings April 2016 Corporate Rating Continuous Bonds I National Long-term National Short-term idaaa / Stable idaaa / Stable AAA (idn) / Stable F1+ (idn) 18,000 1,250 Long-term Foreign Currency Long-term Local Currency BBB / Stable A- / Stable 12,000 6,000 1, Apr-15 May-15 Aug-15 Jan-16 Mar-16 Source: Bloomberg Valuation IDR Mar 15 Jun 15 Sep 15 Dec 15 Mar 16 Short-term Foreign Currency F 3 IDR Subordinated Debt Continuous Bonds I Viability Rating Support Rating Ownership Structure As of 31 March 2016 Number of shares AA (idn) AAA (idn) bb 2 Ownership Share Price 1,400 1,240 1,225 1,275 1,185 PBV 1.1x 0.9x 0.9x 0.9x 0.8x EPS Quarterly Source: Bloomberg Note: OCBC Overseas 9,760,695, % Investment Pte. Ltd *) Public 1,711,952, % Total 11,472,648, % *) OCBC Overseas Investment Pte. Ltd is owned by OCBC Bank, Singapore. OCBC Bank is Singapore s longest established bank (est. 1912) and one of Asia s leading financial services groups, with group assets of SGD 390 billion as of 31 December 2015 and employs more than 29,000 staff globally and has a banking network of over 630 branches and representative offices in 18 countries and territories. 15

16 Agenda First Quarter Performance Financial Results Corporate Updates Appendix 16

17 Business Initiatives. Consumer Banking - Intensifying Tanda 360 o and Taka campaign to acquire more new customers. - Intensifying internet and mobile banking campaign to acquire more new users. - Bank OCBC NISP together with PT Rintis Sejahtera as PRIMA network provider established a cooperation in the field of electronic banking with the acceptance of UnionPay International at ATMs of Bank OCBC NISP. - Launched KPR Kendali: Bundling product of mortgage with savings, which allows customer to control mortgage through savings. - Launched Bancassurance products, ie Great Optima Link. 17

18 Accolade 2016 Bank OCBC NISP received the appreciation Padmamitra Award as Private Company that conduct Corporate Social Responsibility (CSR) as right target program s Padmamitra Award delivered by Jakarta Provincial Government in January

19 Supports from Controlling Shareholder Human Capital Team-up Senior executive OCBC Bank Singapore in Board of Commissioners and Board of Directors OCBC NISP. Transfer knowledge throughout comprehensive training program, business event, comparative studies, job attachment and guest auditors. Others Provide strong capital support. Create synergy in better supporting financing and transaction service needs for customers. Enhance infrastructure, information technology & branch networks. Broaden conventional and Islamic banking product suite. Bolster process improvement throughout Quality projects. Link-up ATM in Singapore and Indonesia. 19

20 Agenda First Quarter Performance Financial Results Corporate Updates Appendix 20

21 Vision and Mission Vision To be the Bank of choice with world-class standards, recognized for its caring and trustworthiness. Mission Bank OCBC NISP will conduct its business and will operate as an honorable corporate citizen that grows together with the society in a sustainable manner. 21

22 Fact of OCBC NISP Fourth oldest bank in Indonesia was incorporated in Listed its shares on Indonesia Stock Exchange in Transformed the entire organization subsequent to adopted a new name PT Bank OCBC NISP Tbk. by the end The merger with Bank OCBC Indonesia was completed on 7 February 2011 resulting in one single banking entity and franchise for the group in Indonesia. For over 75th years, the Bank has survived through any Indonesia economic crisis. The Indonesia s eight *) largest private bank at the end of December Currently employs 6,874 dedicated staff to serve customers in 60 cities across Indonesia throughout 339 offices and 753 ATMs. Focus on serving the segment of SME and Retail. Solid financial performance with strong capital support as well as resources from OCBC Bank Singapore. *) based on unconsolidated publication of national private bank s financial report as of 31 December

23 Board of Commissioners as of 31 March 2016 Pramukti Surjaudaja Chairman Chairman, Board of Commissioners, Bank OCBC NISP since 2008 President Director Bank OCBC NISP ( ) Director of Bank OCBC NISP ( ) Commissioner of Bank OCBC Indonesia ( ) Council Member, International & East Asia Council, INSEAD, France, since 2006 Non Executive Director at OCBC Bank-Singapore since 2004 Peter Eko Sutioso Deputy Chairman (Independent Commissioner) Deputy Chairman of Bank OCBC NISP since 1998 Commissioner Bank OCBC NISP ( ) Director of Bank OCBC NISP ( ) Active in Perbanas (Indonesian Banking Association) West Java as Chairman of Perbanas West Java ( ), and active in BMPD West Java ( ) Roy Athanas Karaoglan Independent Commissioner Commissioner of Bank OCBC NISP since 2003 As Banking Consultant since Consultant for IFC ( ) Associate Director of Credit Review Department, IFC ( ) Senior Banking Advisor of IFC ( ) Chief Banking Specialist of Central Capital Markets Department, IFC ( ) Senior Banking Specialist for Africa, World Bank ( ) Samuel Nag Tsien Commissioner Commissioner of Bank OCBC NISP since 2012 Director of Wing Hang Bank, Limited since August 2014 Director of Mappletree Investments Pte. Ltd. since March Chairman of the Association of Banks in Singapore since June 2013 Joined OCBC Bank Ltd in 2007 and appointed as Group Chief Executive Officer since April 2012 and as Director since February 2014 Director of OCBC Bank (Malaysia) Berhard, OCBC Al-Amin Bank Berhard, Great Eastern Holdings Ltd, and OCBC Overseas Investments Pte. Ltd since April 2012 Chairman of OCBC Bank (China) Ltd. since October 2012 President and Chief Executive Officer of Bank of Amerika (Asia) Hongkong, from Kwan Chiew Choi Independent Commissioner Commissioner Bank OCBC NISP since 2011 Independent Commissioner of Bank OCBC Indonesia ( ) Senior Vice President & Head Credit Control and Approval, OCBC Bank Ltd ( ) Vice President of Corporate Banking, First National Bank of Chicago (Singapore) ( ) Loans Department Manager of Sumitomo Bank Ltd, Singapore Branch ( ) Jusuf Halim Independent Commissioner Independent Commissioner of Bank OCBC NISP since 2006 Chairman of CPA Examination Board, the Indonesian Institute of Accountants ( ) Chairman of Financial Accounting Standards Committee ( ) Member of Advisory Board, the Indonesian Tax Accountants Compartment ( ) Member of Honorary Board-the Indonesian Institute of Audit Committee ( ) Lai Teck Poh (Dua Teck Poh) Commissioner Commissioner of Bank OCBC NISP since 2008 Non Executive Director in OCBC Bank (Malaysia) Bhd since 2011 Director in OCBC Bank Ltd since 2010 OCBC Bank Ltd ( ) with latest management position as Head, Group Audit Managing Director, Citicorp Investment Bank (Singapore) Ltd ( ) Hardi Juganda Commissioner Commissioner of Bank OCBC NISP since July 2012 Director Bank OCBC NISP (1997-May 2012) Head Positions in various branches and divisions of Bank OCBC NISP ( ) 23

24 Board of Directors as of 31 March 2016 Parwati Surjaudaja President Director & CEO President Director of Bank OCBC NISP since December 2008 Deputy President Director Bank OCBC NISP ( ) Director of Bank OCBC NISP ( ) Yogadharma Ratnapalasari Managing Director Director of Bank OCBC NISP since 2003 Assistant Director Bank OCBC NISP ( ) Commissioner of PT NISP Sekuritas ( ) Head Positions in various divisions of Bank OCBC NISP ( ) Rama Pranata Kusumaputra Managing Director Director of Bank OCBC NISP since 2006 Assistant Director of Bank OCBC NISP ( ) Region II Coordinator of Bank OCBC NISP ( ) Has experience in various positions in Bank Bali ( ) with last position as General Manager Emilya Tjahjadi Managing Director Director of Bank OCBC NISP since 2011 Director of Bank OCBC Indonesia ( ) SVP and Head Commercial Banking MME at HSBC, Jakarta ( ) American Express Bank Ltd., Jakarta ( ) with last position as Director of Corporate Banking Standard Chartered Group, Jakarta & Singapore ( ) with last position as Senior Relationship Manager Andrae Krishnawan W. Managing Director Director of Bank OCBC NISP since 2013 Senior Corporate Executive Bank OCBC NISP ( ) Assistant Director of Bank OCBC NISP ( ) The Staff Director Bank OCBC NISP ( ) Has experience in various positions in Bank International Indonesia ( ) with last position as Regional Head for the last 7 years Hartati Managing Director (Independent Director) Director of Bank OCBC NISP since 2011 Chief Financial Officer of Bank OCBC NISP ( ) Assistant Director of Bank OCBC NISP ( ) Accounting & Finance Division Head Bank OCBC NISP ( ) General Manager Bank OCBC NISP ( ) Bank Mandiri ( ) with last position as Accounting Group Head (Senior Vice President) Bank Bali ( ) with last position as Financial Control Department Head (Vice President) Martin Widjaja Managing Director Director of Bank OCBC NISP since 2012 SVP & Head of International and Large Local Corporation in HSBC ( ) Senior Vice President, Commercial Banking, HSBC ( ) Vice President, Commercial Banking ( ) and Corporate & Institutional Banking ( ), HSBC Assistant Vice President Corporate & Institutional Banking, HSBC ( ) Manager Corporate Banking, HSBC Surabaya ( ) Johannes Husin Managing Director Director of Bank OCBC NISP since 2013 Treasurer Bank OCBC NISP ( ) Executive Vice President, Head of Trading & Sales Bank Danamon ( ) Executive Director JP Morgan Chase Bank ( ) Senior Vice President, Head of Trading Bank Danamon ( ) Vice President, Senior Interest Rate Trader-Standard Chartered Bank ( ) Currency Forward Trader-ABN Amro Bank ( ) Foreign Exchange Trader-Bank Dagang Nasional Indonesia ( ) 24

25 Board of Directors as of 31 March 2016 (Cont d) Low Seh Kiat (Thomas) Managing Director Director of Bank OCBC NISP since 2013 National Emerging Business Head Bank OCBC NISP ( ) Vice President, Business Head of Emerging Business OCBC Bank, Singapore ( ) VP, Head of Program Management & Marketing OCBC Bank, Singapore ( ) VP-GE Commercial Financing (S) Ltd, Singapore ( ) Has experience in various head positions in Heller Factoring (S) Ltd, Singapore ( ) and Heller Asia Capital (S) Ltd, Singapore ( ) Sales Manager D&D International Enterprise Ltd, USA ( ) Joseph Chan Fook Onn Managing Director Director of Bank OCBC NISP since 2014 OCBC Group Risk Management (Feb-Mar 2014) Head of Internal Audit Division, OCBC Bank Malaysia Bhd (2010-Jan 2014) Head of Internal Audit Division, Bank OCBC NISP Jakarta ( ) Senior Audit Manager Consumer Credit Review, OCBC Bank Singapore ( ) Audit Manager, Standard Chartered Bank Singapore ( ) Have more than 19 years banking experience especially in Internal Audit. 25

26 Corporate Development PT. Bank OCBC NISP Tbk OCBC NISP Tower, 15 th Floor Jl. Prof. Dr. Satrio Kav. 25, Jakarta Phone : Fax : Website : ir@ocbcnisp.com 26