Bigger, Stronger, Better bank bjb. 2Q17 Analyst Meeting

Transcription

1 Bigger, Stronger, Better bank bjb 2Q17 Analyst Meeting

2 USD IDR Yield Index (points) Macroeconomic BI 7 Day Reverse Repo Rate at 4.75% GDP Growth (LHS) 7 Day RR (RHS) Stable Consumer Confident Index Consumer Confidence Index Source: Bloomberg Inflation Reached 4.37% in June Source: Bloomberg IDR Appreciated Againts USD CPI 1M JIBOR USDIDR 10Yr Govt Bond Source: Bloomberg Source: Bloomberg 2

3 Growth Banking Sector Loans Growth As of Jun 17, banking sector data shows: Loans +7.77% to Rp4,526 tr (Investment loans +6.44%, working capital +7.21%, consumer loans % ) 10.0 Deposit 10.30% to Rp5,046 tr (CASA % 5.0, Time Deposit +7.67%, CASA Ratio 54.38%) - NPL -0.09% to 2.96% ROA +0.16% to 2.47% Source: SPI OJK Investment Loans WC Loans Consumer Loans Jun 16 Jun Total Loans 4,200 4, Total Deposit 4,575 5, LDR NPL ROA Source: SPI OJK NIM

4 Result Summary Income Statement Net Interest Income at Rp 3.1 tr (+4.9% ) PPOP at Rp 1.3 tr (+6.8% ) LLP at Rp 219 bn (+109.3% ) Net Income at Rp 829 bn (-3.2% ) Balance Sheet Total Loans at Rp 68.2 tr (+12.9% ) Total Financing at Rp 5.4 tr (+6.1% ) Total Deposits at Rp 85.4 tr (+15.6% ) Total Asset at Rp tr (+11.7% ) Ratios (bank only) NIM at 6.8% (-44 bps ) ROA (Net) at 1.8% (-29 bps ) ROE (Net) at 17.3% (-525 bps ) NPL (Gross) at 1.57% (-45 bps ) 4

5 Target vs. Realization Target 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 Loans Growth 13% -14% Deposit Growth 12% - 13% ROA (net) 1.5% - 2.0% ROE (net) 15% - 20% NIM 6.5% - 7.0% Cost of Fund 5.0% - 5.3% Cost to Income Ratio 60% - 65% Gross NPL 2.0% - 2.5% CASA Ratio 56% - 60%

6 Income Statement Income Statement (Rp bn) Positioning 2Q 16 2Q 17 Interest Income 5,184 5, % 402 Interest Expense 2,268 2, % 260 Net Interest Income 2,916 3, % 142 Fee Based Income % 145 Operating Expense 1,992 2, % 181 Gain (Loss) on Financial Statement % (22) PPOP 1,229 1, % 84 Loan Loss Provision % 114 Non Operating Income (Expense) (33) (33) - - PBT 1,091 1, % (30) Tax Expense % (3) Net Income % (27) 5

7 Balance Sheet Balance Sheet (Rp bn) 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 Cash 3,362 1,978 2,215 1,803 3, % Current Account with Bank Indonesia 5,058 5,109 5,516 5,555 5, % Secondary Reserves 19,626 22,310 22,255 25,442 21, % Loans - net 59,613 62,581 62,755 62,474 67, % Financing - net 4,917 4,833 4,651 4,540 4, % Fixed Asset - net 2,638 2,451 2,740 2,735 2, % Other Asset 1,987 2,306 2,186 2,216 2, % Total Asset 97, , , , , % Total Third Party Fund 73,879 78,117 78,483 84,391 85, % Marketable Securities Issued 1,122 1,122 2,312 2,312 2, % Fund Borrowings 6,159 7,324 6,541 6,501 6, % Repo 5,242 3,923 2,671-2, % Others 1,454 1,428 2,638 2,305 1, % Total Liabilities 87,856 91,915 92,644 95,508 98, % Total Equity 9,345 9,653 9,674 9,257 9, % 6

8 Key Ratios Key Ratios 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 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

9 (Rp tr) Loans Breakdown (bank only) 80 Consumer Micro Commercial Mortgage Segment (Rp bn) 2Q 16 2Q Consumer 41,447 46, % Micro 3,445 4, % Commercial 10,778 12, % Mortgage 4,462 4, % Total Gross Loans Currency (Rp bn) 60,132 67, % 2Q 16 2Q 17 0 IDR 59,722 67, % Forex % 8

10 (Rp tr) Consumer Loans Civil Servant Loans (LHS) NPL (RHS) Pensioner Loans (LHS) Key Indicators 2Q 16 2Q 17 Loans Outstanding 41,447 46, % Net Expansion YtD (Rp bn) Avg. Loans Outstanding (Rp mn) 3,230 2, % % No of Account 375, , % Interest Rate 14.50%-16.25% eff. p.a Asset Quality 2Q 16 2Q 17 Special Mention NPL

11 (Rp tr) Micro Loans KMU (LHS) Others (LHS) Govt Program (LHS) NPL (RHS) Key Indicators 2Q 16 2Q Loans Outstanding Net Expansion YtD (Rp bn) 3,445 4, % % Avg. Loans Outstanding (Rp mn) % No of Account 38,517 28, % Interest Rate* 8.7% % eff. p.a. Asset Quality 2Q 16 2Q Special Mention NPL

12 (Rp tr) Commercial Loans Working Capital (LHS) Syndicated (LHS) Investment (LHS) NPL (RHS) Key Indicators 2Q 16 2Q Loans Outstanding Net Expansion YtD (Rp bn) Avg. Loans Outstanding (Rp mn) 10,778 12, % 1,532 1, % 1,674 1, % No of Account 6,438 6, % Interest Rate 8.3% -15.5% eff. p.a Asset Quality 2Q 16 2Q Special Mention NPL

13 (Rp tr) Mortgage Loans 5.00 Mortgage Loans (LHS) NPL (RHS) 15.0 Key Indicators 2Q 16 2Q Loans Outstanding 4,462 4, % Net Expansion YtD (Rp bn) Avg. Loans Outstanding (Rp mn) (44) % % No of Account 19,167 23, % Interest Rate 7.0% % eff. p.a. Asset Quality 2Q 16 2Q Special Mention NPL

14 (Rp tr) Deposit Breakdown (bank only) Current Account Savings Account Time Deposit Deposits Breakdown (Rp bn) 2Q 16 2Q 17 Current Account 26,017 24, % Saving Account 12,497 15, % Time Deposit 29,738 39, % 40 TOTAL 68,253 79, % CASA Ratio Currency (Rp bn) 2Q 16 2Q 17 0 IDR 66,957 78, % Forex 1, % 13

15 Absolute Special Mention Loans (Rp bn) Special Mention/Total Loans Special Mention Contribution Special Mention Loans (bank only) Consumer (LHS) Micro (LHS) Commercial (LHS) Consumer Micro Commercial Mortgage Mortgage (LHS) % to Loans (RHS) 100% 3, % 2, % 70% ,000 1,500 1, % 50% 40% 30% 20% 10% 0%

16 Absolute Non Performing Loans (Rp bn) Non Performing Loan/Total Loans NPL Contribution Non Performing Loans (bank only) Consumer (LHS) Commercial (LHS) % to Loans (RHS) Micro (LHS) Mortgage (LHS) Consumer Micro Commercial Mortgage 100% 3,000 2, % 80% , % 60% , % 40% , % 20% 10% %

17 Yield Analysis Loans 76.3% Others 1.5% Placement to BI 9.9% Interbank Placement 1.2% Asset Yield Placement to Bank Indonesia 2Q 16 2Q Interbank Placement Securities Marketable Securities 11.1% Loans Yield Others - - Time Deposit 44.9% Savings Account 17.9% Interbank Lending 6.8% Bonds 2.6% Current Account 27.8% Cost of Fund 2Q 16 2Q 17 Interbank Liabilities Securities Deposits From Customers Current Account Time Deposit Savings Account Loans received

18 Capital Adequacy Risk Weighted Asset (RWA) 2Q 16 2Q 17 Total Capital to Rp 8.2 tr ( -Rp 288 bn ) Total CAR at 16.3 % (-135 bps ) Total RWA 44,574 50, % Credit Risk 34,269 40, % Operational Risk 9,157 9,157 - CAR Analysis Risk Weighting Addition to RWA/ Rp1tr Net Expansion Net Impact to CAR Market Risk 1, % RWA/Total Asset 49.0% 49.1% 0.1 % tier-1 7,440 7, % Consumer Loans 50% Rp 500bn 0.16 Micro Loans 75% Rp 750bn 0.24 tier % Total Capital 7,868 8, % Tier-1 CAR 16.7% 15.3 % -1.4 % Total CAR 17.7% 16.3 % -1.4 % Commercial Loans 100% Rp 1tr 0.32 Mortgage Loans 40% Rp 400bn

19 Consumer Loan Details 18

20 (Rp tr) Civil Servant Loans Civil Servant Loans (LHS) NPL (RHS) Key Indicators 2Q 16 2Q 17 Loans Outstanding 35,804 36, % Net Expansion YtD (Rp bn) 1, % Avg. Loans Outstanding (Rp mn) % No of Account 324, , % Median Interest Rate 14.50%-16.25% eff. p.a Asset Quality 2Q 16 2Q Special Mention NPL

21 (Rp tr) Pensioner Loans 10,000 9,000 Pensioner Loans (LHS) 0.44 NPL (RHS) 8,470 9, Key Indicators 2Q 16 2Q 17 Loans Outstanding 5,643 9, % 8,000 7,000 6,710 7, Net Expansion YtD (Rp bn) 1,734 1, % 6,000 5,000 4,494 5, Avg. Loans Outstanding (Rp mn) % 4,000 3,000 3,909 3,556 3, No of Account 50,785 71, % Median Interest Rate 14.50%-18.48% eff. p.a 2,000 1, Asset Quality Special Mention 2Q 16 2Q NPL

22 Sharia Business Performance 2Q17 bank bjb Sharia 21

23 Key Ratios Sharia 2Q 16 2Q 17 CAR NPF Gross NPF Nett ROA ROE NIM BOPO FDR

24 Income Statement Income Statement (Rp mn) 2Q 16 2Q 17 Financing Income 342, , % Financing Expense 194, , % Net Financing Income 148, , % Other Operating Income 526,218 73, % Operating Expense 739, , % Operating Income (65,218) (52,444) 19.6% Non Operating Income (Expense) 962 3, % Income (Loss) Before Tax (64,257) (48,584) 24.4% Tax Expense 13,140 8, % Net Loss (51,117) (40,028) 21.7% 23

25 Balance Sheet BS highlight (Rp Mn) 2Q 16 2Q 17 Cash 57,580 66, % Current Account with Bank Indonesia 276, , % Secondary Reserves 1,415,278 2,057, % Financing-net 4,917,149 4,700, % Fixed Asset-net 172, , % Other Asset 184, , % Total Asset 7,023,692 7,712, % Total Third Party Fund 5,463,886 6,107, % Fund Borrowings 13,000 53, % Others 558, , % Total Liabilities 6,034,948 6,797, % Total Equity 988, , % 24

26 Sharia Performance Financing (Rp mn) 2Q 16 2Q 17 Murabahah (Trading) 3,989,521 4,372, % Qardh (Bridging) 67,855 68, % Financing 1,058, , % Istishna (Pawning) 2,244 1, % Total Gross Financing 5,118,440 5,428, % Funding (Rp mn) 2Q 16 2Q 17 Wadiah Current Account 97, , % Wadiah Savings Account 168, , % Mudharabah Current Account 251, , % Mudharabah Savings Account 467, , % Mudharabah Time Deposit 4,479,408 5,035, % Total Funding 5,463,886 6,107, % 25

27 Company Profile bank bjb 26

28 Distribution Network Others Deposits 2.5 Tr Loans 6.4 Tr Micro Loans 1.3 Tr Profit 130 bn 70,547 Customers 13 Branch Offices 13 Sub Branch Offices 7 Cash Offices 96 ATM Unit 496 Employees Total bjb employees 7,719 Total bjb customers 4,206,268 Jakarta Deposits 18.4 Tr Loans 8.8Tr Micro Loans 519 bn Profit 275 bn 124,414 Customers 9 Branch Offices 60 Sub Branches 5 Cash Offices 1 Payment Point 116 ATM Unit 580 Employees Banten Deposits 11.7 Tr Loans 9.6 Tr Micro Loans 429bn Profit 503 bn 853,451 Customers 8 Branch Offices 45 Sub Branches 61 Cash Offices 43 Payment Point 211 ATM Unit 778 Employees West Java Deposits 46.5 Tr Loans 43.2 Tr Micro Loans 2.1 Tr Profit West Java 1.8 Tr Loss Head Oficce 1.6 Tr 3,157,856 Customers 35 Branch Offices 191 Sub Branch 265 Cash Offices 100 Payment Point 790 ATM Unit 5,865 Employees 27

29 Branch Network Details No bjb Network 2Q 16 2Q 17 1 Branch Sub Branch Cash Offices Payment Point ATM 1,197 1, Layanan bjb Precious MSME Center Mobile Cash Weekend Banking Forex Branches Total 2,106 2,

30 Human Capital Level 2Q 16 2Q 17 Board of Commissioners Educational Breakdown Up To Bachelor Degree 94% Directors Top Management Middle Management First Line Management 1,799 1, Staff 5,289 5, Employee in Pension Preparation Total Permanent 7,472 7, SDM Umum 4,371 5, Age Breakdown % Master of Doctorate 6% Total Non Permanent 4,818 5, % Total 12,290 13,373 1,083 >50 2% % 29

31 Ownership Ownership Structure 2Q16 2Q17 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) 31

33 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

34 2016 Awards Best Bank (BUKU III) Sustainable Finance Award (SFA) OJK Tribute From IDX Let s Save In Stocks Campaign Forbes Indonesia Economic Review Awards Economic Review Awards Best Of The Best Awards 2016 The Best BPD (BUKU III) Very Good GCG TOP 50 Companies For Regional Company (BUKU III) Finance Asia The Best Small Cap Infobank Awards In Indonesia Year 2015 Very Good Financial Performance Indonesian Institute For Bisnis Indonesia Awards Corporate Directorship Awards Best Performance Bank TOP 50 Public Listed Companies IICG Trusted Company Based On Corporate Governance Perception Index (CGPI) 33

35 2016 Awards Top 4 th Listed Bank Tribute From Ministry Of Trade Tribute From KPK LHKPN 2016 Padma Awards Ministry Of Social Services KPK Awards Best LHKPN For West Java Regional Company Tribute From KPK Gratification Report 2016 KPK Awards Best Control System For Gratification (State/Regional Owned Company) Tribute From Bogor Municipal Government For Supporting Tourism Warta Ekonomi Awards Best Banking Brand 2016 Economic Review Very Good GCG Rating For Regional Company Listed 34

36 2016 Awards Annual Report Award nd Best BUMD Listed Tribute From OJK Annual Report Award nd Best BUMD Listed Major Trophy Koran Sindo BPD Award 2016 Best BPD On Digital Innovation (BUKU) III Koran Sindo BPD Award 2016 Best BPD On Loans Disbursement (BUKU) III Koran Sindo BPD Award 2016 Best BPD On Highest Profitability (BUKU) III Annual Report Award nd Best BUMD Listed Trophy From Bank Indonesia Koran Sindo BPD Award 2016 Best CEO Koran Sindo BPD Award 2016 Best of The Best BUKU III Bank Koran Sindo BPD Award 2016 Best BPD On Biggest Deposit Growth (BUKU) III The Best BUKU 3 Bank for Asset Trillion 35

37 2016 Awards Tempo Banking Awards 2016 Best Bank In Productivity Tempo Banking Awards 2016 Most Efficient Bank Assets Above 30 T Tempo Banking Awards 2016 Best BPD Assets Above 30 T Annual Report Award nd Best BUMD Listed Tribute From PEFINDO Annual Report Award nd Best BUMD Listed Tribute From Bank Indonesia Tempo Banking Awards 2016 Best Retail Banking Assets Above 30 T Tempo Banking Awards 2016 Best Digital Services Assets Above 50 T Koran Sindo Awards West Java Best Regional Government Owned Company Annual Report Award nd Best BUMD Listed Certificate From ARA Committee Annual Report Award nd Best BUMD Listed Tribute From Ministry of Finance 36

38 2016 Awards Appreciation On Positive Contribution To The Tax Revenue In 2015 Contact Center Service Excellent Award 2016 bjb Call As Best Call Center For Regular Banking Category Koran Sindo Inspiration For Indonesia Appreciation SINDO CSR Awards For Environmental Category Bisnis Indonesia Award Best Small Cap In Indonesia Investor Daily Award Biggest Core Capital BUKU III Category Warta Ekonomi Award Digital Innovation For Banking Infobank MRI Award 1 st Best ATM Commercial Bank Infobank MRI Award 10 st Best Overall Performance Commercial Bank SWA Magazine Ranked 46 th Indonesia s 100 Most Valuable Brands Awards Markplus WOW Brand Awards 2016 Service Excellent Bank BUKU III 37

39 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: Muhammad As adi Budiman Deputy Corporate Secretary mbudiman@bankbjb.co.id Sani Ikhsan Maulana IR Head smaulana@bankbjb.co.id Anjas Septa Lesmana Senior Officer aslesmana@bankbjb.co.id Siti Khairina Wahyujati Officer swahyujati@bankbjb.co.id Trifani Rahayu Staff trahayu@bankbjb.co.id Putra Farizzaka Staff pfarizzaka@bankbjb.co.id Source: Bloomberg 38

40 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