PT Bank Tabungan Negara (Persero) Tbk. Business & Financial Performances as of March 31, 2013

Transcription

1 PT Bank Tabungan Negara (Persero) Tbk. Business & Financial Performances as of March 31, 2013

2 Disclaimer IMPORTANT: The following forms part of, and should be read in conjunction with, the other material in this presentation This presentation contains privileged information and has been prepared solely for the recipient(s). By accepting a copy (or the contents) of this presentation, you are deemed to have acknowledged and agreed to the provisions appearing hereinafter. The existence of this presentation and the contents thereof should not be disclosed, reproduced, copied or otherwise disseminated to any other person or published, in whole or in part, without prior consent of PT Bank Tabungan Negara (Persero) Tbk. ( BTN or the Company ). This presentation does not constitute or form part of any offer for sale or invitation, or solicitation of an offer, to subscribe for or purchase any securities and neither this document nor anything contained herein shall form the basis of or be relied on in connection with any contract or commitment whatsoever. Any decision to purchase or subscribe for securities should be made only on the basis of the information contained in a prospectus or offering circular issued by the Company in connection with any such offering. Information and opinions contained in this presentation are provided for reference of the recipients only and are not to be relied upon as authoritative or without the recipient s own independent verification or taken in substitution for the exercise of the recipient s own judgment. Any reference to past performance should not be taken as an indication of future performance. In furnishing the presentation, the Company has not undertaken to provide the recipient(s) with access to any additional information or updates. None of the Company warrant or guarantee whatsoever that this presentation will lead to the successful completion, or consummation, of any transactions whether or not under contemplation. Accordingly the Company disclaims any liability whatsoever in connection therewith and with any decisions that might be taken upon the basis of this presentation, directly or indirectly. In particular, the Company owe no duty to the recipient (except as required by applicable laws) to exercise any judgment on its behalf as to the merits or suitability of any transaction. The recipient agrees that the merits or suitability of any such transaction to its particular situation will be independently determined by the recipient including consideration of the legal, tax, accounting, regulatory, financial and other related aspects thereof. 2

3 Table of Contents Shares Information 4 Financial Highlights 6 Sharia Business 26 Distribution Network 27 3

4 1 SHARES INFORMATION 4

5 Public Share Ownerships Share Ownerships Composition Domestic Foreign Ownership # of Shares % G O I 6,354,000, % Public 4,208,861, % 40.30% 61.25% 61.24% 57.21% 66.21% - Domestic 1,422,342, % - Foreign 2,786,518, % Total 10,562,861, % 59.70% 38.75% 38.76% 42.79% 33.79% 31 Mar Rp1700 IPO 31-Dec Dec Mar Mar-13 IPO by listed on IDX on 17 Dec 2009 at IDR800 per share 01 Jan Rp1470 Rights issue successfully done in Nov 2012 by issuing additional new shares Market cap as of 31 Mar 2013 was IDR17,96 trillion (USD1,85 billion) 5

6 2 FINANCIAL HIGHLIGHTS 6

7 Financial Highlights Idr Billion FY 2011 FY 2012 y.o.y Q Q y.o.y Total Asset 89, , % 91, , % Total Loan & Financing Gross 63,564 81, % 66,482 85, % Total Deposits 61,974 80, % 64,692 87, % Equity 7,322 10, % 7,657 10, % Net Profit 1,119 1, % % Earning per Share (IDR) % % CAR (Tier 1) 14.20% 16.95% 16.12% 16.66% CAR (BI) 15.03% 17.69% 16.89% 17.40% NPL (Gross) 2.75% 4.09% 3.22% 4.77% NPL (Net) 2.23% 3.12% 2.22% 3.83% N I M 5.76% 5.83% 5.93% 5.39% C I R 58.98% 55.77% 59.13% 59.20% COVERAGE RATIO 54.11% 29.48% 42.37% 25.53% ROE 17.65% 18.23% 17.19% 13.66% 7

8 Balance Sheet Composition FY 2011 FY 2012 y.o.y Q Q y.o.y Idr Billion Total Assets 89, , % 91, , % Total Earning Assets 81, , % 83, , % - Term Deposit With BI 9,475 10, % 8,846 12, % - Loans and Financing 63,564 81, % 66,482 85, % - Securities 7,846 8, % 7,649 10, % - Other Earning Assets % 496 1, % Provision on Earning Asset (954) (997) 4.48% (907) (1,041) 14.76% Others 8,675 11, % 8,752 11, % Third party Deposits 61,974 80, % 64,692 87, % Securities issued 5,438 7, % 5,439 9, % Deposits from Other Banks % % Repurchase Agreements 4,450 2, % 3,336 2, % Borrowings 5,693 6, % 6,145 6, % Others 3,436 3, % 3,343 4, % Equity 7,322 10, % 7,657 10, % 8

9 Asset Composition Total Assets (IDR tr) Earning Asset Compositions (%) Earning Asset Compositions as of 31 Mar 2013 Other Earning Asset Securities Loans & Financing Term Deposit With BI Other Earning Securities, 9.68% Term Deposit Asset, 0.92% 0.25% 0.63% 0.76% 0.59% 0.92% With BI, 11.24% 13.14% 9.64% 8.36% 9.16% 9.68% 83.38% 78.09% 80.18% 79.65% 78.16% Loans & Financing, % 3.23% 11.64% 10.70% 10.60% 11.24% 9

10 Loans Composition 31-Dec Dec Dec Mar Mar-13 Loans Type y.o.y IDR Bio Comp IDR Bio Comp IDR Bio Comp IDR Bio Comp IDR Bio Comp Housing Loans 46, % 55, % 70, % 58, % 73, % 26.71% Subsidized Mortgages 21, % 25, % 25, % 25, % 26, % 3.38% Non-Subsidized Mortgages 15, % 18, % 29, % 20, % 31, % 51.48% Other Housing Loans 3, % 4, % 6, % 4, % 6, % 33.68% Construction Loan 5, % 7, % 9, % 7, % 9, % 32.42% Non-Housing Loans 4, % 7, % 11, % 8, % 11, % 42.04% Consumer Loan 1, % 1, % 1, % 1, % 2, % 55.95% Commercial Loan 3, % 6, % 9, % 6, % 9, % 39.16% Total Loans 51, % 63, % 81, % 66, % 85, % 28.62% Housing and Non-Housing Loans Non Housing Loans Housing Loans 9.39% 12.21% 13.74% 12.50% 13.80% 90.61% 87.79% 86.26% 87.50% 86.20% Loan Composition (IDR tr) Note : Figures on table and graphs Include Sharia financing Subsidized Mortgage Non Subsidized Mortgage Other Housing Loans Construction Loan Consumer Loans Commercial Loans 10

11 Growth in Mortgages Total Mortgages (IDR bn) Mortgage Composition (%) Non Subsidized Mortgage Subsidized Mortgage 54,692 57,488 37,580 44,415 45, % 41.90% 53.26% 45.07% 54.59% 58.40% 58.10% 46.74% 54.93% 45.41% Subsidized Mortgages (IDR bn) Non Subsidized Mortgages (IDR bn) 25,804 25,562 25,250 26,104 29,129 31,384 15,635 18,611 20,718 21,945 Note : Figures on all graphs Include Sharia financing 11

12 Loan Disbursement Q1 Q2 Q3 Q Loans Type FY 2010 FY 2011 FY 2012 Q1 Q IDR Bio Housing Loans 16,954 18,789 28,041 5,077 7,159 Subsidized Mortgages 4,727 5,896 4, ,191 Non-Subsidized Mortgages 5,324 5,340 12,479 2,891 3,089 Other Housing 1,680 1,540 2, Construction Loan 5,223 6,013 8,690 1,534 2,323 Non-Housing Loans 4,117 6,384 9,679 1,830 2,590 Consumer Loan , Commercial Loan 3,374 5,484 7,870 1,553 1,900 Total Loans 21,071 25,173 37,720 6,907 9,749 Note : Figures on graph and table Include Sharia financing 12

13 Loan Quality Gross NPL Net NPL 4.77% 3.83% 3.26% 2.75% 4.09% 3.22% 2.66% 2.23% 3.12% 2.22% Gross NPL Net NPL % 4.04% 3.98% 3.22% 4.35% 4.12% 3.46% 4.18% 4.22% 3.68% 4.09% 3.26% 2.75% 3.83% 3.39% 3.27% 3.65% 3.43% 2.42% 3.46% 3.48% 2.51% 3.12% 2.66% 2.22% 2.23% Mar Jun Sep Dec Mar Jun Sep Dec Note : Figures on all graphs Include Sharia financing 13

14 Loan Quality Collectibility 31-Dec Dec Dec Mar Mar-13 IDR bio Share IDR bio Share IDR bio Share IDR bio Share Rp. M Share Current 41, % 54, % 68, % 54, % 70, % Special Mentioned 8, % 7, % 9, % 9, % 11, % PL 49, % 61, % 78, % 64, % 81, % Substandard % % % % % Doubtful % % % % % Loss 1, % 1, % 2, % 1, % 2, % NPL 1, % 1, % 3, % 2, % 4, % PL + NPL 51, % 63, % 81, % 66, % 85, % NPL Gross 3.26% 2.75% 4.09% 3.22% 4.77% NPL Netto 2.66% 2.23% 3.12% 3.46% 3.83% Loan Type 31-Dec 31-Dec 31-Dec 31-Mar 31-Mar (Gross) Housing Loans 3.14% 2.74% 3.93% 3.10% 4.60% Subsidized Mortgage 3.75% 2.37% 5.00% 2.85% 6.55% Non-Subsidized Mortgage 2.64% 2.88% 2.90% 3.09% 3.25% Other Housing Loans 2.53% 2.78% 3.08% 3.30% 3.76% Construction Loan 2.60% 3.66% 4.74% 3.82% 4.29% Non-Housing Loans 4.22% 3.14% 5.08% 4.09% 5.81% Consumer Loan 0.81% 1.30% 2.00% 1.91% 2.27% Commercial Loan 5.26% 3.60% 5.72% 4.51% 6.63% Total Loans 3.26% 2.75% 4.09% 3.22% 4.77% Note : Figures on all tables Include Sharia financing 14

15 Liabilities Composition Total Liabilities (IDR Tr) Third party Deposits Funding Composition (IDR Tr) Funding Composition as of 31 Mar 2013 Deposits from Other Banks Borrowings Securities issued Repurchase Agreements Third party Deposits 82.71% Securities issued 8.68% Deposits from Other Banks 0.05% Repurchase Agreements 2.22% Borrowings 6.35% 15

16 Deposits Total Deposits (IDR bio) Deposits Mix (IDR bio) Deposits FY 2010 FY 2011 FY 2012 Mar-12 Mar-13 y.o.y IDR bio Current Account 5,175 13,150 13,271 9,501 14, % Savings Account 10,868 14,816 21,540 14,794 21, % Time Deposits 31,503 34,009 45,876 40,397 51, % Total 47,546 61,974 80,688 64,692 87, % CASA Composition (%) TD CASA % 54.88% 56.86% 62.44% 58.74% Current Account Savings Account Time Deposit 33.74% 45.12% 43.14% 37.56% 41.26% 16

17 Equity Composition Total Equity (IDR tr) Q Q % 14.20% CAR Tier % 16.12% 16.66% Tier - 1 Capital 5,739 6,584 9,038 7,233 9,633 Tier - 2 Capital Capital on B/S 6,447 7,322 10,279 7,657 10,434 Securitization exposure RWA - Credit Risk 33,283 40,940 46,582 38,105 49,058 RWA - Market Risk RWA - Operational Risk 2,774 5,284 6,557 6,557 8,229 RWA - Total 36,265 46,374 53,321 44,878 57,820 CAR Tier 1/(RWA Credit + Market Risk) 17.14% 16.02% 19.33% 18.87% 19.43% CAR Tier 1/(RWA Credit + Market + Ops Risk) 15.83% 14.20% 16.95% 16.12% 16.66% CAR B/S/(RWA Credit + Market Risk) 19.25% 17.82% 21.98% 19.98% 21.04% CAR B/S/(RWA Credit + Market + Ops Risk) CAR BI ((Tier 1+2)/(RWA Credit + Market Risk)) CAR BI ((Tier 1+2)/(RWA Credit + Ops Risk)) CAR BI ((Tier 1+2)/(RWA Credit + Market + Ops Risk)) 17.78% 15.79% 19.28% 17.06% 18.05% 18.12% 16.96% 20.17% 19.79% 20.28% 16.83% 15.08% 17.75% 16.98% 17.56% 16.74% 15.03% 17.69% 16.89% 17.40% 17

18 Income Statement FY 2011 FY 2012 y.o.y Q Q y.o.y Idr Billion Interest Income 7,791 9, % 2,111 2, % Interest Expense (4,000) (4,379) 9.47% (1,029) (1,252) 21.68% Net Interest Income 3,791 4, % 1,082 1, % Other Operating Income % % Other Operating Expense (2,836) (3,438) 21.23% (839) (996) 18.67% Profit From Operating 1,526 1, % % Non Operating Income (Expense) (3) (8) % % Profit Before Tax 1,522 1, % % Net Profit 1,119 1, % % 18

19 Interest Income Composition in IDR Billion FY2011 FY2012 Y.o.Y Q Q Y.o.Y Placement with Bank Indonesia % % Placement with other bank % % Securities % % Loan 6,735 7, % 1,819 2, % Income from Syariah % % Total 7,791 9, % 2,111 2, % 0.49% 0.71% 6.64% 7.93% Placement with Bank Indonesia Placement with other bank Securities 84.23% Loan Income from Syariah 19

20 Interest Expense Composition in IDR Billion FY2011 FY2012 Y.o.Y Q Q Y.o.Y Bank Indonesia % % Deposits from other Banks % % Deposits from Non Banks 2,935 3, % % Securities Issued % % Fund Borowings % % Others % % Total 4,000 4, % 1,029 1, % 0.11% 2.43% 0.20% 9.05% 14.65% Bank Indonesia Deposits from other Banks Deposits from Non Banks Securities Issued Fund Borowings Others 73.55% 20

21 Other Operating Income Composition in IDR Billion FY2011 FY2012 Y.o.Y Q Q Y.o.Y Mark to market % % Gain % % Reversal on Provisions % % Commissions & Provisions % % Services & Admin Fee % % Total % % 1.99% 2.70% 10.95% 1.25% Mark to market Gain Reversal on Provisions 83.11% Commissions & Provisions Services & Admin Fee 21

22 Other Operating Expense Composition in IDR Billion FY2011 FY2012 Y.o.Y Q Q Y.o.Y Provisions % % Salaries & Employee Benefit % % Electricity, Telp & Office Supp % % Rent, Service & Maintenance % % Depreciation % % Promotion % % Collector Fees & Consultan % % Insurance Premium % % Training % % Research & Development % % Other Taxes % % Gain % % Mark to Market % % Total 2,836 3, % % 11.67% 6.48% 2.52% 0.08% 4.06% 8.95% 10.43% 0.13% 0.00% 1.99% 7.27% 14.99% 31.43% Provisions Salaries & Employee Benefit Electricity, Telp & Office Supp. Rent, Service & Maintenance Depreciation Promotion Collector Fees & Consultan Insurance Premium Training Research & Development Other Taxes Gain Mark to Market 22

23 Key Financial Ratios (1/3) Net Interest Margin Net Income (IDR Bn) 5.99% 5.76% 5.83% 5.93% 1,119 1, % Cost to Income Ratio 58.34% 58.98% 59.13% 59.20% 55.77% 23

24 Key Financial Ratios (2/3) ROA 1 before tax ROA 2 after tax 2.05% 2.03% 1.94% 1.99% 1.60% 1.50% 1.49% 1.42% 1.43% 1.17% ROE 3 tier 1 capital ROE 4 balance sheet 16.56% 17.65% 18.23% 17.19% 13.66% 14.07% 15.28% 13.27% 16.34% 12.79% * 1 Calculated based on income before income tax (include tax benefit and extraordinary item)/ average total assets based on Bank Indonesia regulation 2 Calculated based on net profit/average total assets 3 Calculated based on net profit/average Tier 1 capital based on Bank Indonesia regulation 4 Calculated based on net profit/total stakeholder s equity 24

25 Key Financial Ratios (3/3) Loan-to-Deposit Ratio Loan-to-Funding Ratio % 87.21% % % % 98.19% 81.11% 83.38% 82.77% 81.22% Loan to Funding Ratio which includes all source of funds is still below 90%. 25

26 3 SHARIA BUSINESS 26

27 Sharia Business Sharia Assets (IDR bn) Sharia Net Profit (IDR bn) 7,664 9, ,056 5, , Sharia Financings (IDR bn) Sharia Deposits (IDR bn) 6,000 6,344 5,757 7,127 4,226 4,451 3,817 4,504 2,847 2,405 27

28 4 DISTRIBUTION NETWORK 28

29 Outlets Kalimantan Regional Offices - Branches 5 Sub Branches 10 Cash Outlets 18 Sharia Outlets 2 Post Offices 295 ATMs 64 Sulawesi Regional Offices - Branches 5 Sub Branches 13 Cash Outlets 18 Sharia Outlets 2 Post Offices 126 ATMs 70 Papua & Maluku Regional Offices - Branches 3 Sub Branches 3 Cash Outlets 2 Sharia Outlets - Post Offices 59 ATMs 18 Sumatera Regional Offices 1 Branches 11 Sub Branches 34 Cash Outlets 58 Sharia Outlets 6 Post Offices 701 ATMs 190 Jawa Regional Offices 2 Branches 38 Sub Branches 158 Cash Outlets 375 Sharia Outlets 40 Post Offices 1,598 ATMs 1,030 Bali & Nusa Tenggara Regional Offices - Branches 3 Sub Branches 5 Cash Outlets 8 Sharia Outlets - Post Offices 143 ATMs 32 Total Q13 Regional Offices Branches Sub Branches Cash Outlets Sharia Outlets Total Outlets Post Offices 2,045 2,661 2,738 2,922 2,922 ATMs ,181 1,404 1,499 Permanent Employees 4,340 5,312 6,337 7,142 7,327 29

30 THANK YOU Investor Relations PT Bank Tabungan Negara (Persero) Tbk Menara BTN Lt Jl Gajah Mada No. 1 Jakarta Pusat Telp : / Facs: investor_ relations@btn.co.id Website : 30