PT. BANK RAKYAT INDONESIA (PERSERO) Tbk. Financial Update Q3 2009 Jakarta, October 30, 2009
Macro Economic Condition GDP Growth & Consumer Confidence BI Rate & Inflation 7.00% 6.50% 6.00% 5.50% 5.00% 4.50% 4.00% 3.50% 3.00% Dec 03 Dec 04 Dec 05 Dec 06 Dec 07 Dec 08 Mar 09 Jun 09 Sep 09 130.0 120.0 110.0 100.0 90.0 80.0 70.0 60.0 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% Dec 03 Dec 04 Dec 05 Dec 06 Dec 07 Dec 08 Mar 09 Jun 09 Sep 09 GDP Grow th Consumer Confidence BI Rate Inflation Loan & Deposit Rp Trillion 2000 1500 1000 500 0 Dec 04 Dec 05 Dec 06 Dec 07 Dec 08 Jun 09 Jul 09 Aug 09 Loan Deposit Note: Numbers stated in this presentation are Bank only Indonesia GDP for the first half grew 3.99% and is projected to grew at 4.4% in 3 rd quarter Increasing in consumer confidence gives positive signal to economic recovery Bank Indonesia maintains the rate at 6.5% after lowering the rate 8 times from 8.5% in the beginning of the year. As of August 2009, the industry s loan growth is slowing down to 13.27% (yoy) or only grew 4.45% (ytd) In funding side, the industry experienced 21.03% year on year growth as of August 2009 and 5,34% year to date growth. 1
Highlights Q3 2008 Q3 2009 Growth Total Assets (IDR Billion) 219,564 274,393 24.97% Total Loans (Gross) (IDR Billion) 151,457 192,234 26.92% Total Deposits (IDR Billion) 175,394 220,081 25.48% Net Profit (IDR Billion) 4,238 5,302 25.08% NIM 10.61% 9.21% -13.12% ROE 32.86% 34.23% 4.17% ROA 4.14% 3.47% -16.16% NPL (gross) 2.90% 3.92% 35.13% NPL (nett) 0.81% 1.26% 55.56% Total CAR 13.45% 13.50% 0.37% LDR 86.35% 87.35% 1.15% Note: Numbers stated in this presentation are Bank only 2
Financial Performance Financial Performance 3
Balance Sheet Description IDR Billion Full Year Q3 Growth 2004 2005 2006 2007 2008 2008 2009 YoY Total Assets 107,040 122,776 154,725 203,604 246,026 219,564 274,393 24.97% - Gross Loans (incl. syariah) *) 62,368 75,533 90,283 113,853 161,061 151,457 192,234 26.92% - Government Bonds (Recap) 22,686 17,722 18,445 18,223 16,352 16,196 15,038-7.15% - Other Earnings Assets 12,908 18,219 30,144 36,970 51,393 32,434 51,426 58.56% Total Earning Assets 97,962 111,475 138,871 169,046 228,807 200,086 258,698 29.29% Earning Assets Provision (5,172) (5,475) (6,784) (7,069) (8,813) (8,866) (13,501) 52.28% Total Earning Assets (net) 92,790 106,000 132,087 161,977 219,994 191,220 245,198 28.23% Total Non Earning Assets 14,250 16,776 22,638 41,627 26,032 28,344 29,195 3.00% Total Liabilities & S.E 107,040 122,776 154,725 203,604 246,026 219,564 274,393 24.97% Total Customer Deposits 82,400 97,046 124,468 165,475 201,495 175,394 220,081 25.48% - Demand Deposits 13,364 17,384 27,864 37,146 39,912 33,835 38,702 14.38% - Saving Deposits 44,569 49,372 58,308 72,269 88,063 78,260 89,088 13.84% - Time and Certificate Deposits 24,467 30,290 38,297 56,061 73,520 63,298 92,292 45.81% Other Interest Bearing Liabilities 6,384 5,597 6,037 6,263 7,599 8,953 17,275 92.96% Non Interest Bearing Liabilities 5,806 6,779 7,342 12,428 14,575 14,644 11,211-23.45% Tier I Capital 8,506 10,519 13,104 15,448 17,796 17,073 20,562 20.44% Total Shareholder's Equity 12,450 13,353 16,879 19,438 22,357 20,573 25,825 25.53% *) Since 2009, syariah business has been spun off into Bank BRI Syariah Note: Numbers stated in this presentation are Bank only 4
Assets Growth and Composition Total Assets - Growth Total Assets - Composition 300 246.03 274.39 29.19 100% 13.31% 13.66% 14.63% 20.45% 10.58% 12.91% 10.64% IDR Trillion 150 107.04 14.25 92.79 122.78 16.78 106.00 203.60 41.63 154.73 22.64 161.98 132.09 26.03 219.99 219.56 28.34 191.22 245.20 50% 86.69% 86.34% 85.37% 79.55% ` 89.42% 87.09% 89.36% 0 Dec-04 Dec-05 Dec-06 Dec-07 Dec-08 Sep-08 Sep-09 Earning Assets (nett) Non Earning Assets Total Asset 0% Dec 04 Dec 05 Dec 06 Dec 07 Dec 08 Sep-08 Sep-09 Earning Assets (Nett) Non Earning Assets BRI s total assets in Q3 2009 grew 24.97% yoy, toward higher earning assets Earning Assets: Trend 63.66% 67.60% 64.93% 67.35% 70.39% 75.70% 74.31% 23.16% 15.86% 13.27% 10.78% 7.15% 8.09% 5.81% 6.92% 6.46% 11.07% 10.22% 10.26% 6.05% 8.80% 5.32% 8.60% 9.82% 0.94% 1.48% 0.91% 8.70% 10.01% 5.79% 3.65% 2.95% 2.19% 4.36% 7.43% 2004 2005 2006 2007 2008 Sep 08 Sep 09 Others Placement Securities Government Recap Bond Loan High loan contribution to earning assets shows strong intermediary activities Note: Numbers stated in this presentation are Bank only 5
Loans Growth: Trend 250 Year on year growth Q on Q growth 200 161.06 151.46 192.23 34.32 15.00% 14.79% 11.40% 11.73% IDR trillion 150 100 50 0 30.80 14.39 113.85 27.67 62.37 75.53 12.45 11.95 90.28 53.71 19.81 8.35 44.52 41.75 12.00 7.42 8.46 9.94 31.09 38.72 4.72 24.42 2.86 30.53 28.60 21.55 17.47 22.00 19.15 14.38 16.54 19.19 22.78 27.28 32.60 42.76 41.49 51.10 Dec-04 Dec-05 Dec-06 Dec 07 Dec-08 Sep 08 Sep 09 10.00% 5.00% 0.00% 4.58% 1.58% Q1 2005 8.48% 7.66% 8.48% 6.86% 7.86% 5.62% 5.15% 5.02% 5.09% 4.68% 4.79% 4.81% 5.31% 5.45% 4.99% 3.44% 3.83% 4.25% 4.14% 5.43% 5.38% 4.02% 1.16% 0.86% Q2 2005 Q3 2005 Q4 2005 Q1 2006 Q2 2006 Q3 2006 Q4 2006 Q1 2007 Q2 2007 Q3 2007 Q4 2007 Q1 2008 Q2 2008 6.34% 4.13% 3.70% 3.37% 2.80% 2.90% 3.24% 3.91% 2.59% Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Micro Consumer Commercial Medium Corporate Total Q2 Growth % Loan Growth %, Quarterly NPL %, end of quarter Year to date growth Q2 to Q3-2009 growth ID R trillio n 10.00 8.00 6.00 4.00 8.35 T 8.19 T 9.19 T 1.93 T 3.52 T IDR trillion 3.50 3.00 2.50 2.00 1.50 1.00 3.08 T 2.57 T 0.79 T 0.64 T 0.55T 2.00 0.50 - Micro Small Consumer Small Commercial Medium Corporate - Micro Small Consumer Small Commercial M edium Corporate Loans increased by IDR 40.77 trillion (26.92%) yoy or IDR 31.17 trillion (19.35%) ytd, supported by Micro and Small loans. Note: Numbers stated in this presentation are Bank only 6
Loans Composition: by Business Segment 13.56% 13.17% 13.29% 4.59% 6.25% 8.22% 17.40% 19.12% 18.27% 17.85% 7.34% 7.73% 7.89% 7.48% 28.01% 28.53% 27.05% 27.31% 27.64% 27.56% 27.94% 23.06% 21.90% 21.22% 19.32% 18.96% 18.88% 20.14% 82.15% MSME Loans 30.77% 30.17% 30.22% 28.63% 26.55% 27.39% 26.58% Des 04 Des 05 Des 06 Des 07 Des 08 Sep 08 Sep 09 Micro Small Consumer Small Commercial Medium Corporate MSMEs loans compositions slightly increased from 81.71% in Q2-2009 to 82.15% in Q3-2009 7
Kredit Usaha Rakyat (KUR) 8,000 7,000 1,253,018 1,477,825 1,480,018 1,372,099 1,307,448 1,600,000 1,400,000 6,000 1,200,000 5,000 4,000 850,121 3,986 3,483 3,197 1,000,000 800,000 3,000 2,000 1,000 (IDR - Billion) 4,932 4,467 600,000 3,417 165,757 400,000 657 2,282 2,400 2,427 2,468 2,499 1,741 200,000 2,020 793 239-7,697 17,086 23,498 25,934 27,407 28,660 29,255 - - Dec 07 Mar-08 Jun-08 Sep-08 Dec 08 Mar 09 Jun-09 Sep-09 (borrow ers) Retail KUR (LHS) Micro KUR (LHS) Micro KUR borrow ers (RHS) Retail KUR borrow KUR Distribution by Regional Offices DKI, 9% Malang, 3% Yogyakarta, 10% Surabaya, 13% Semarang, 5% Palembang, 9% Banda Aceh, 4% Bandung, 9% Banjarmasin, 5% Denpasar, 6% Makassar, 11% Manado, 4% Medan, 6% Padang, 6% Sep 09: KUR outstanding reached IDR 5.69 trillion ( 2.95% of total loan portfolio) with 1.3 million borrowers Accumulated KUR disbursement was IDR 12,91 trillion to 2,23 million borrowers NPL reached 6,70% More than 230 thousand borrowers migrated from KUR to Commercial Loan with outstanding more than IDR 1.6 trillion 8
Micro Loans: Trend 60 Trillion 50 40 30 20 19.19-22.78-27.28-32.60-51.10 48.02 3.20 44.38 3.48 41.49 42.76 3.99 37.90 4.47 33.79 4.93 3.42 0.66 40.39 44.54 47.91 10 19.19 22.78 27.28 32.60 33.13 34.49 36.56 38.29 - Dec-04 Dec-05 Dec-06 Dec-07 Mar 08 June 08 Sept 08 Des 08 Mar 09 Jun-09 Sep-09 Kupedes Micro - KUR Total Micro Loans: Loans aiming at micro business and low income people Consisting of a regular commercial micro loans (Kupedes) and micro KUR (loan size up to IDR 5 million) Over the years micro loans shows steady growth of micro loans 9
Corporate Loans: Composition By Economic Sector By Currency Construct. 6.86% Others 11.45% Finance 1.57% Agribusiness 35.01% Foreign Currencies 25,30% Paper& Pulp 5.93 % Oil Dist. 8.29% Telecom. 12.24% Textile 5.11% Electricity 13.53% IDR 74,70% By Enterprise Ownership Non SOEs, 59,21% SOEs, 40.79% Sep 09 Agribusiness sector and infrastructure projects (power plants & telecommunication funding) dominates corporate lending SOEs lending contributed 40,79% of corporate loan, providing lower risk weight for capital efficiency Note: Numbers stated in this presentation are Bank only 10
Loan Quality: NPL Ratio by Business Segments NPL BY SEGMENT (%) Des'04 Des'05 Des'06 Des'07 Des'08 Sep'08 Sep'09 Micro 2.10 1.55 1.36 1.19 1.02 1.08 1.68 Consumer 1.22 1.62 1.91 1.67 1.08 1.38 1.45 Small Commercial 3.23 4.06 6.32 5.71 3.52 4.91 5.44 Medium 6.85 7.48 5.87 5.67 6.33 5.24 10.71 Corporate 15.08 16.93 13.55 4.62 4.53 3.14 4.81 Total NPL 4.19 4.68 4.81 3.44 2.80 2.90 3.92 Total Loan vs Total NPLs and NPLs Coverage 200.00 100.00-196.00 198.15 10.00% 177.45 177.28 153.09 154.68 168.22 4.81% 4.68% 3.44% 4.19% 62.37 75.53 90.28 113.85 151.46 192.23 161.06 2.80% 2.90% Dec-04 Dec-05 Dec-06 Dec-07 Dec-08 Sep 08 Sep 09 5.00% 3.92% 0.00% Loan quality can be maintained at manageable level with NPL ratio at 3.92% NPL coverage is at 168.22%, providing a well cushioned portfolio Total Loan (IDR trillion) NPL BRI (gross) NPL Coverage BRI (%) 11
Loan Quality: Loans Collectibility 4.19% 4.68% 4.81% 3.44% 2.80% 2.90% 3.92% 8.03% 6.87% 6.26% 4.37% 5.05% 4.30% 5.87% 87.77% 88.45% 88.93% 92.18% 92.15% 92.80% 90.22% Dec 04 Dec 05 Dec 06 Dec 07 Dec 08 Sep 08 Sep 09 Non Performing Loan Breakdown (%) Current Special Mention NPL 36.81% 35.97% 59.61% 63.84% 56.55% 60.19% 52.75% 21.75% 41.44% 38.53% 22.81% 21.68% 14.82% 18.49% 17.04% 25.50% 18.72% 21.34% 24.97% 22.76% 24.44% Dec 04 Dec 05 Dec 06 Dec 07 Dec 08 Sep 08 Sep 09 Sub Standard Doubtful Loss 12
Government Bonds : Portfolio by Type of Holdings IDR Trillion Portofolio Dec-04 Dec-05 Dec-06 Dec-07 Dec-08 Sep 08 Sep 09 Nom % to Ttl Nom % to Ttl Nom % to Ttl Nom % to Ttl Nom % to Ttl Nom % to Ttl Nom % to Ttl Hold to Maturity 11.34 46.2% 11.34 53.8% 11.34 56.0% 11.34 48.8% 12.60 60.2% 12.57 61.0% 10.11 52.1% Av ailable for Sale 9.96 40.6% 6.27 29.7% 7.09 35.0% 8.76 37.7% 7.15 34.2% 6.94 33.7% 8.18 42.2% Trading 3.22 13.1% 3.48 16.5% 1.81 8.9% 3.12 13.4% 1.18 5.6% 1.09 5.3% 1.10 5.7% Total Gov t. Bond*) 24.52 100.0% 21.09 100.0% 20.24 100.0% 23.22 100.0% 20.93 100.0% 20.60 100.0% 19.39 100.0% *) consists of Recap Bond IDR 15.04 Trillion (77.55%) and Others IDR 4.35 Trillion (22.45%) By Type of Rate Recap Bond Maturity 100.0% 6.00 5.00 5.09 4.98 50.0% trillions 4.00 3.00 2.00 1.00 1.67 1.32 0.50 0.50 1.13 0.38 1.10 0.0% Dec 05 Dec 06 Dec 07 Dec 08 Sep 08 Sep 09-2009 2010 2011 2012 2015 2016 2018 2019 2020 Fixed Rate Variable Rate 13
Deposits: Composition and COF Trend Deposits Growth: Trend 250.00 201.50 220.08 200.00 165.48 175.39 IDRtrillion 92.29 73.52 150.00 124.47 63.30 56.06 97.05 38.30 100.00 30.29 88.06 89.09 72.27 78.26 58.31 50.00 49.37 27.86 37.15 39.91 33.84 38.70 17.38 0.00 Dec-05 Dec-06 Dec 07 Des 08 Sep-08 Sep-09 Demand Saving Time Deposit TOTAL Deposit Composition, COF *) and BI Rate 100% 12.75% 16.00% BRI total deposit show steady growth reaching IDR 220.08 trillion or grew 25.48% COF still at high level 6.27%, but at declining trend compared to Q2-2009 which is recorded at 6.40% Low cost funds in Q3 is 58,06%, an improving trend from previous quarter which is 57,81% 50% 5.87% 9.75% 6.90% 8.00% 9.25% 5.01% 5.16% 9.25% 7.00% 4.62% 6.40% 6.50% 6.27% 8.00% 0% Dec-05 Dec-06 Dec-07 Dec-08 Sep-08 Jun-09 Sep-09 Low Cost High Cost COF BI Rate 0.00% *) Using new method Note: Numbers stated in this presentation are Bank only 14
Profitability 15
Income Statement: Highlights Description IDR Billion Full Year Q3 Growth 2004 2005 2006 2007 2008 2008 2009 (YoY) Interest Income 15,530.8 17,253.7 21,070.5 23,240.6 28,076.4 20,269.7 25,756.8 27.07% Interest Expense (4,273.2) (4,827.4) (7,300.8) (6,544.1) (8,437.0) (5,572.5) (9,058.2) 62.55% Net Interest Income 11,257.6 12,426.3 13,769.7 16,696.6 19,639.4 14,697.3 16,698.6 13.62% Fee & Other Opr. Income 1,446.8 390.0 1,509.1 1,821.7 2,491.6 1,387.0 2,720.6 96.14% Gross Operating Income 12,704.4 12,816.3 15,278.8 18,518.3 22,131.1 16,084.3 19,419.2 20.73% Other Operating Expenses (6,088.8) (7,103.0) (7,646.1) (9,019.6) (10,970.9) (7,490.6) (7,999.5) 6.79% PPOP 6,615.6 5,713.3 7,632.7 9,498.7 11,160.2 8,593.7 11,419.7 32.88% Provision (1,328.4) (401.0) (1,848.1) (1,942.7) (2,812.7) (2,317.2) (5,397.1) 132.91% Non Operating Profit/Loss 444.2 295.6 122.1 224.1 475.8 33.5 642.3 1817.63% Profit Before Tax n Minor. Int. 5,731.4 5,608.0 5,906.6 7,780.1 8,823.3 6,310.0 6,665.0 5.63% Net Profit 3,633.2 3,808.6 4,257.6 4,838.0 5,958.4 4,238.5 5,301.5 25.08% EPS *) 306.6 321.7 355.6 403.6 497.0 471.4 589.6 25.07% *) Annualized 16
Sources of Income IDR billion Full Year Q3 Growth Source of Income Dec-06 Dec-07 Dec-08 2008 2009 YoY Interest income 21,071 23,241 28,076 20,270 25,757 27.1% Other Opr.Income 1,509 1,822 2,492 1,387 2,721 96.1% Non Operational I ncome (net) 122 224 476 33 642 1817.6% Total Income 22,702 25,286 31,044 21,690 29,120 34.3% Other Operating Income IDR billion Full Year Q3 Growth Other Operating Income Dec-06 Dec-07 Dec-08 2008 2009 YoY Gain Fr Value Increase of Securities and Govt. Recap Bonds 484 48 52 34 191 466.24% Fees and Commissions 838 1,456 1,767 1,274 1,599 25.46% Gain fr Forex - 176 614-638 #DIV/0! Others 187 142 60 79 293 270.64% Total 1,509 1,822 2,492 1,387 2,721 110.3% 17
Sources of Income Interest Income, Interest Expenses and NIM 30.00 12.16% 12.15% 11.16% 10.86% 28.08 10.61% 25.76 14.00% IDR Trillion 20.00 10.00 15.53 17.25 4.27 4.82 21.07 7.30 23.24 6.55 10.18% 8.44 20.27 5.57 9.21% 9.06 7.00% 0.00 Dec-04 Dec-05 Dec-06 Dec-07 Dec-08 Sep-08 Sep-09 0.00% Interest Income (IDR Trio) Interest Expenses (IDR Trio) NIM (%)(RHS) Source of Interest Income IDR billion Full Year Q3 Growth Expenses Dec-06 Dec-07 Dec-08 2008 2009 YoY Interest from Loans 15,763.4 18,123.3 22,518.5 16,116.4 21,347.0 32.46% Interest from Govt. Bonds 2,339.1 2,020.3 1,951.4 1,418.9 1,519.3 7.07% Int. from Other Earning Assets 2,968.5 3,097.0 3,606.5 2,734.4 2,890.5 5.71% Total Interest Income 21,071.0 23,240.6 28,076.4 20,269.7 25,756.8 27.07% Interest Income contributed 88,45% of total revenue Interest income from loans contribute 82.88% of total interest income (or 73.29% of total income) 18
Over Head Expenses IDR Billion Growth Full Year Q3 Expenses Dec-06 Dec-07 Dec-08 2008 2009 YoY Personnel 4,831 5,274 6,318 4,384 4,693 7.0% General and Administration 2,054 2,405 3,081 1,926 2,383 23.8% Losses fr decrease of Securities - and Govt. Bonds value 46 150 131 - -100.0% Losses fr sale of Securities and Govt. Bonds - - - - Losses from forex transaction 5 - - 116 - Premium Paid on Govt Guarantees 206 267 349 259 306 18.0% Promotion 177 470 301 218 203-6.8% Others 393 557 772 457 414-9.5% Total 7,666 9,020 10,971 7,491 8,000 6.8% 19
Key Financial Ratios Description Full Year Q3 2004 2005 2006 2007 2008 2008 2009 Classified Loan Ratio 12.23% 11.55% 11.07% 7.82% 7.85% 7.20% 9.78% NPL ratio - Gross 4.19% 4.68% 4.81% 3.44% 2.80% 2.90% 3.92% NPL Coverage ratio - Gross 196.00% 153.09% 154.68% 177.45% 177.28% 198.15% 168.22% Tier I CAR 12.49% 12.52% 16.44% 14.15% 11.84% 12.06% 12.15% Total CAR with market risk 16.19% 15.29% 18.82% 15.84% 13.18% 13.45% 13.50% Loan to Deposit Ratio 75.69% 77.83% 72.53% 68.80% 79.93% 86.35% 87.35% Net Interest Margin (NIM) 12.16% 12.15% 11.16% 10.86% 10.18% 10.61% 9.21% Return on Assets (ROA) - b.t 5.77% 5.04% 4.36% 4.61% 4.18% 4.14% 3.47% Return on Assets (ROA) - a.t 3.66% 3.42% 3.15% 2.87% 2.82% 2.78% 2.76% Return on Equity (ROE) - Tier I 42.76% 38.00% 33.75% 31.64% 34.50% 32.86% 34.23% Return on Equity (ROE) - B/S 34.41% 30.63% 28.19% 26.45% 29.15% 28.08% 28.50% Cost of Fund (COF) *) 5.47% 5.87% 6.90% 5.01% 5.16% 4.62% 6.27% Min. Reserve Requirement 9.39% 9.55% 12.34% 22.09% 5.57% 8.01% 5.03% Net Open Position 10.77% 5.23% 5.41% 7.90% 13.55% 9.88% 12.55% Opr. Expense to Opr. Income 68.86% 70.45% 74.38% 69.80% 72.65% 70.97% 78.85% Cost Efficiency Ratio (CER) **) 51.33% 54.22% 51.65% 49.03% 50.40% 45.12% 43.03% *) Since Q3-2009, COF calculation method is changed and the numbers stated above have been adjusted to the new method **) CER = ( Employee expenses+g&a+other Opr.Expenses)/(NII+Fees&Commision+Other Opr.Income) 20
Supporting Material Supporting Material 21
Balance Sheet Consolidation*) Description Full Year Q3 Growth 2004 2005 2006 2007 2008 2008 2009 YoY Total Assets 107,040 122,776 154,725 203,735 246,077 219,639 275,993 25.66% - Gross Loans (incl. syariah) 62,368 75,533 90,283 113,973 161,108 151,536 194,070 28.07% - Government Bonds (Recap) 22,686 17,722 18,445 18,223 16,352 16,196 15,038-7.15% - Other Earnings Assets 12,908 18,475 30,310 36,896 51,321 32,355 51,015 57.67% Total Earning Assets 97,962 111,731 139,038 169,091 228,781 200,086 260,123 30.01% Earning Assets Provision (5,172) (5,478) (6,786) (7,074) (8,814) (8,870) (13,578) 53.08% Total Earning Assets (net) 92,790 106,253 132,252 162,018 219,968 191,216 246,545 28.94% Total Non Earning Assets 14,250 16,523 22,473 41,717 26,109 28,422 29,448 3.61% Total Liabilities & S.E 107,040 122,776 154,725 203,735 246,077 219,639 275,993 25.66% Total Customer Deposits 82,400 97,046 124,468 165,600 201,537 175,465 221,519 26.25% - Demand Deposits 13,364 17,384 27,864 37,162 39,923 33,851 38,790 14.59% - Saving Deposits 44,569 49,372 58,308 72,300 88,077 78,284 89,384 14.18% - Time and Certificate Deposits 24,467 30,290 38,297 56,138 73,538 63,330 93,344 47.39% Other Interest Bearing Liabilities 6,384 5,597 6,037 6,262 7,599 8,953 17,385 94.18% Non Interest Bearing Liabilities 5,806 6,779 7,342 12,435 14,583 14,578 11,264-22.73% Tier I Capital 8,506 10,519 13,104 15,448 17,796 17,073 20,562 20.44% Total Shareholder's Equity 12,450 13,353 16,879 19,438 22,357 20,643 25,825 25.10% *) BRI and its subsidiary (Bank BRI Syariah) 22
Income Statement Consolidation*) Description Full Year Q3 Growth 2004 2005 2006 2007 2008 2008 2009 (YoY) Interest Income 15,530.8 17,253.7 21,070.5 23,240.6 28,096.6 20,284.7 25,937.3 27.87% Interest Expense (4,273.2) (4,796.4) (7,281.2) (6,544.1) (8,445.6) (5,580.4) (9,120.9) 63.44% Net Interest Income 11,257.6 12,457.3 13,789.4 16,696.6 19,651.1 14,704.3 16,816.4 14.36% Fee & Other Opr. Income 1,446.8 956.2 1,509.1 1,821.7 2,535.2 1,387.8 2,699.8 94.54% Gross Operating Income 12,704.4 13,413.5 15,298.4 18,518.3 22,186.3 16,092.1 19,516.2 21.28% Other Operating Expenses (6,088.8) (7,700.4) (7,665.6) (9,019.6) (10,996.5) (7,498.5) (8,110.1) 8.16% Pre Provision Ops Profit (PPOP) 6,615.6 5,713.1 7,632.8 9,498.7 11,189.7 8,593.5 11,406.0 32.73% Provision (1,328.4) (400.8) (1,848.1) (1,942.7) (2,843.6) (2,317.2) (5,386.9) 132.47% Non Operating Profit/Loss 444.2 295.6 122.1 224.1 475.9 33.7 645.8 1818.93% Profit Before Tax n Minor. Int. 5,731.4 5,608.0 5,906.7 7,780.1 8,822.0 6,310.0 6,665.0 5.63% Net Profit 3,633.2 3,808.6 4,257.6 4,838.0 5,958.4 4,238.5 5,301.5 25.08% EPS **) 306.6 321.7 355.6 403.6 497.0 471.4 589.6 25.07% *) BRI and its subsidiary (Bank BRI Syariah) **) annualized 23
Networks The Most Extensive and Largest Outlets in Indonesia a strong competitive advantages for reaching Micro, Small and Medium Businesses Regional Offices Distribution RO Banda Aceh Aceh Region RO. Banjarmasin RO Medan Kalimantan North Sumatera Region (excl West Kalimantan) RO. Semarang RO. Makassar Sulawesi excl Northern Sulawesi Central Java Region and Papua RO. Manado Northern Sulawesi and Maluku RO. Padang West Sumatra Region RO. Palembang Southern Sumatera Region March 2004 RO. Jakarta 1, 2, and 3 Jakarta Greater Area, Banten And West Kalimantan RO. Bandung West Java Region RO. Surabaya & Malang East Java Region RO. Yogyakarta Jogjakarta Region and southern part of Central Java RO. Denpasar Bali and Nusa Tenggara Papua and Maluku are overseen by RO Makasar and RO Manado Sep-08 Sep-09 Head Office 1 1 - Regional Offices 14 16 2 Branches 355 399 44 Sub Branches 282 368 86 Micro Outlets 4,350 4,456 106 Cash Counters 71 246 175 Total Working Units * 5,073 5,486 413 - On-Line Networks Sep 08 Sep 09 YoY Micro outlets 2,638 3,950 1,312 Branches 351 395 44 Sub - branches 282 363 81 Cash Offices 71 245 174 Total 3,342 4,953 1,611 ATM 1,431 3,256 1,825 Shared and Stand Alone ATM 29,361 46,874 17,513 *)Total working units are including 3 overseas offices but not including 442 Police Office Cash Counters, 68 Village Service Posts & 81 BRI Teras 24
Loans Distribution by Regional Offices By Region Makassar 7.49% Denpasar 5.06% Banjarmasin 3.69% Manado 4.18% Banda Aceh 1.65% Medan 5.18% Padang 3.83% Palembang 6.98% Outside Java 38% Java 62% Malang 6.77% Surabaya 7.00% Yogyakarta 6.38% Semarang 5.10% Bandung 7.98% Jakarta 28.72% As of September 09, loans booked in offices in Java contribute 62% and outside Java 38% 25
Shareholders & Stock Performance Shareholder Nov 2003 Dec-08 Sep-09 Government 59.50% 56.81% 56.78% Public 40.10% 43.19% 43.22% Foreign *) 55.3% 81.7% 83.67% Domestic *) 44.7% 18.3% 16.33% *) percentage from public holding 9000 8000 7000 6000 5000 4000 3000 2000 1000 0 26 11/10/2003 2/10/2004 5/10/2004 8/10/2004 11/10/2004 2/10/2005 5/10/2005 8/10/2005 11/10/2005 2/10/2006 5/10/2006 8/10/2006 11/10/2006 2/10/2007 5/10/2007 8/10/2007 11/10/2007 2/10/2008 5/10/2008 8/10/2008 11/10/2008 2/10/2009 5/10/2009 8/10/2009 Shareholders Composition Stock Price: Trend BBRI JCI
Rating MOODY'S (September 2009) National Rating - National Scale Rating Aaaid Global - Outlook Stable - Domestic Currency Long Term Deposit Baa3 - Foreign Currency Long Term Deposit Ba3 - Foreign Currency Sub Debt Ba2 FITCH (December 2008) National Rating - Long Term AAA (idn) Global - Long Term Foreign Currency BB - Short Term Foreign Currency B - Outlook Stable - Individual C/D - Support Rating 3 - Support Rating Floor BB- PEFINDO (February 2009) Corporate ID AAA Sub-Ordinated Bond ID AA+ 27
PT BANK RAKYAT INDONESIA (Persero) Tbk. Investor Relations 20 th floor BRI I Building Jl Jendral Sudirman Kav 44-46 Jakarta 10210 Indonesia Phone : 62 21 5752006, 5751952/79 Fax. : 62 21 5752010 Website : www.ir-bri.com E-mail : ir@bri.co.id Disclaimer: This report has been prepared by PT Bank Rakyat Indonesia (Persero) Tbk (Bank BRI) 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 sources 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 BRI 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 BRI 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.
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