PT Bank Rakyat Indonesia (Persero) Tbk. Q1 2016 - Financial Update Presentation
Financial Highlights Asset/Liabilities 2011 2012 2013 2014 2015 Mar'15 Mar'16 Total Assets (IDR Billion) 456,531 535,209 606,370 778,046 845,998 781,181 832,092 Total Loans (Gross) (IDR Billion) 283,583 348,227 430,618 490,403 558,436 472,915 561,098 Total Deposits (IDR Billion) 372,148 436,098 486,366 600,404 642,774 587,727 631,781 Asset Quality NPL (gross) 2.30% 1.78% 1.55% 1.69% 2.02% 2.17% 2.22% NPL (nett) 0.42% 0.34% 0.31% 0.36% 0.52% 0.60% 0.59% Liquidity LDR 76.20% 79.85% 88.54% 81.68% 86.88% 80.47% 88.81% CASA 61.28% 59.94% 59.22% 53.55% 59.21% 51.74% 56.54% Reserve Requirement - IDR 9.33% 10.64% 8.02% 8.07% 9.31% 8.03% 6.52% Reserve Requirement - FX 8.00% 8.17% 8.00% 8.00% 8.43% 8.05% 8.01% Profitability Net Profit (IDR Billion) 15,083 18,521 21,160 24,176 25,204 6,101 6,137 NIM 9.58% 8.42% 8.55% 8.51% 8.13% 7.57% 8.09% ROE Tier 1 42.49% 38.66% 34.11% 31.19% 29.89% 29.84% 26.55% ROA before tax 4.93% 5.15% 5.03% 4.73% 4.19% 3.99% 3.65% Cost of Fund (CoF) 4.70% 3.68% 3.71% 4.38% 4.24% 4.74% 3.98% Cost Efficiency Ratio (CER) 41.17% 43.11% 42.13% 43.18% 43.81% 45.08% 42.86% Operating Expense to Operating Income 66.69% 59.93% 60.58% 65.42% 67.96% 68.04% 72.10% Capital *) Tier1 CAR 13.67% 15.86% 16.13% 17.54% 16.76% 15.97% 15.84% Total CAR 14.96% 16.95% 16.99% 18.31% 20.59% 20.08% 19.49% *) As of January 2015: - Implementation of Basel 3: recognition of 100% current year net profit into capital, previously only 50% - Ref to PBI No. 15/12/2013 : appropriated reserves is categorized as Tier 2 Capital, previously Tier 1 Capital Note: Numbers stated in this presentation are bank only 2
Balance Sheet (IDR Billion) Description 2011 2012 2013 2014 2015 Mar'15 Mar'16 (YoY) g(qoq) Total Assets 456,531 535,209 606,370 778,046 845,998 781,181 832,092 6.5% -1.6% - Gross Loans 283,583 348,227 430,618 490,403 558,436 472,915 561,098 18.6% 0.5% - Government Bonds (Recap) 8,996 4,316 4,511 4,304 3,816 4,301 3,818-11.2% 0.0% - Other Earnings Assets 127,774 131,547 115,168 211,325 190,735 236,584 195,829-17.2% 2.7% Total Earning Assets 420,353 484,089 550,297 706,031 752,987 713,800 760,744 6.6% 1.0% Earning Assets Provision (15,869) (14,584) (15,072) (15,785) (17,030) (16,013) (18,657) 16.5% 9.6% Total Earning Assets (net) 404,484 469,505 535,225 690,246 735,957 697,787 742,087 6.3% 0.8% Total Non Earning Assets 52,047 65,704 71,145 87,800 110,041 83,394 90,004 7.9% -18.2% Total Liabilities & S.E 456,531 535,209 606,370 778,046 845,998 781,181 832,092 6.5% -1.6% Total Customer Deposits 372,148 436,098 486,366 600,404 642,774 587,727 631,781 7.5% -1.7% - Demand Deposits 75,579 78,753 78,017 89,076 112,989 84,835 108,150 27.5% -4.3% - Saving 152,474 182,643 210,004 232,414 267,607 219,234 249,037 13.6% -6.9% - Time Deposits 144,095 174,702 198,346 278,915 262,178 283,658 274,593-3.2% 4.7% Other Interest Bearing Liabilities 18,413 14,466 19,873 56,677 67,712 64,197 55,725-13.2% -17.7% Non Interest Bearing Liabilities 16,195 20,008 21,261 23,784 23,120 34,045 32,673-4.0% 41.3% Tier I Capital* 38,215 51,593 65,964 82,109 89,992 77,416 89,915 16.1% -0.1% Total Shareholder's Equity 49,775 64,637 78,870 97,181 112,392 95,212 111,913 17.5% -0.4% *) As of January 2015: - Implementation of Basel 3: recognition of 100% current year net profit into capital, previously only 50% - Ref to PBI No. 15/12/2013 : appropriated reserves is categorized as Tier 2 Capital, previously Tier 1 Capital Note: Numbers stated in this presentation are bank only 3
Loan Mix and Growth Loans Outstanding by business segment (IDR Trillion) 558.4 561.1 Composition by business segment (%) 490.4 472.9 75.1 76.4 8.5 10.9 11.1 11.6 13.4 11.8 13.6 400.0 200.0 283.6 24.3 32.0 13.8 67.6 55.8 90.2 348.2 38.0 49.8 16.5 75.6 61.5 106.8 430.6 47.7 62.5 20.3 94.0 73.9 132.1 57.1 74.1 20.2 105.1 80.6 153.3 81.2 20.2 114.5 88.5 178.9 55.6 58.8 19.1 100.2 81.7 157.5 78.5 18.5 106.9 91.2 189.7 11.3 14.3 14.5 15.1 12.4 4.9 14.5 14.0 4.7 4.7 4.1 3.6 4.0 3.3 23.8 21.7 21.8 21.4 20.5 21.2 19.0 19.7 17.6 17.2 16.4 15.8 17.3 16.3 31.8 30.7 30.7 31.3 32.0 33.3 33.8-2011 2012 2013 2014 2015 Mar-15 Mar-16 2011 2012 2013 2014 2015 Mar-15 Mar-16 Micro Consumer Small Commercial Medium SoE Corporate Non-SoE Total Loan Note: Numbers stated in this presentation are bank only 4
Loan Asset Quality Manageable NPL level of 2.22% Non Performing Loan - gross (%) NPL (%) 2011 2012 2013 2014 2015 Mar-15 Mar-16 Micro 1.19 1.09 1.04 1.12 1.13 1.56 1.54 Consumer 1.53 1.60 1.40 1.21 1.30 1.44 1.48 Small Commercial 4.53 3.75 3.13 3.21 2.90 4.13 3.78 Medium 7.11 5.09 4.38 5.91 5.82 7.50 6.68 Corporate Non-SoE 2.24 1.00 0.87 1.78 4.78 1.92 3.78 SoE - - - - - - - Total NPL 2.30 1.78 1.55 1.69 2.02 2.17 2.22 Special Mention (%) 6.23 5.70 5.64 6.82 6.87 6.51 6.92 5.60 6.37 5.98 6.13 5.46 7.71 7.22 6.15 6.30 7.13 7.02 6.95 4.81 6.43 3.05 3.64 3.26 2.30 2.73 2.38 2.33 1.78 1.97 1.81 1.77 1.55 1.78 1.97 1.89 1.69 2.17 2.33 2.24 2.02 2.22 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 NPL (%) Gross Special Mention (%) Note: Numbers stated in this presentation are bank only 5
Deposits Mix and Growth Higher CASA level at 56.54% compared to 1Q2015, generated lower cost of funds Deposits: Trend Deposits Composition, COF & BI Rate (%) (IDR Trillion) 436.1 372.1 144.1 174 4.7 152.5 182.6 600.4 486.4 210.0 198.3 232.4 278.9 642.8 631.8 587.7 262.2 283.7 274.6 267.6 219.2 249.0 75.6 78.8 78.0 89.1 113.0 84.8 108.2 2011 2012 2013 2014 2015 Mar-15 Mar-16 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 17.00% 15.00% 38.7% 40.1% 40.8% 46.5% 40.8% 48.3% 43.5% 13.00% 11.00% 9.00% 7.50% 7.75% 7.50% 7.50% 6.75% 6.00% 5.75% 7.00% 5.00% 4.70% 3.41% 3.71% 4.38% 4.74% 4.24% 3.98% 3.00% 1.00% 61.3% 59.9% 59.2% 53.5% 59.2% 51.7% 56.5% -1.00% 2011 2012 2013 2014 2015 Mar-15 Mar-16 Time Deposit Saving Demand Deposit TOTAL High Cost Low Cost COF BI Rate Note: Numbers stated in this presentation are bank only 6
Income Statement (IDR Billion) Description 2011 2012 2013 2014 2015 Q1'15 Q1'16 g(yoy) Interest Income 46,949 47,922 57,301 72,466 82,221 20,083 21,840 8.7% Interest Expense (13,079) (12,461) (14,395) (22,346) (25,710) (7,004) (6,514) -7.0% Net Interest Income 33,870 35,461 42,906 50,120 56,511 13,079 15,326 17.2% Fee & Other Opr. Income * 5,524 8,166 8,165 9,178 12,224 2,727 3,311 21.4% Gross Operating Income 39,394 43,627 51,071 59,298 68,735 15,806 18,637 17.9% Other Operating Expenses (16,288) (18,602) (21,284) (25,458) (29,889) (7,032) (8,025) 14.1% Pre Provision Operating Profit 23,106 25,025 29,788 33,840 38,846 8,774 10,611 20.9% Provision (5,532) (2,555) (3,916) (5,613) (8,581) (1,483) (3,589) 142.0% Non Operating Income (Net) 1,157 1,169 1,776 2,497 1,947 288 573 98.5% Profit Before Tax n Minor. Int. 18,731 23,639 27,648 30,724 32,211 7,579 7,595 0.2% Net Profit 15,083 18,521 21,160 24,176 25,204 6,101 6,137 0.6% EPS** 611.4 750.8 857.8 980.0 1,021.7 989.3 995.1 0.6% *) Detail on the Fee & Other Operating Income on page 28 **) annualized Note: Numbers stated in this presentation are bank only 7
Business Updates 8
Micro Banking 9
Micro Banking Loan Micro Loans Micro Borrowers (IDR Trillion) 106.8 90.2 15.1 11.2 91.7 79.0 132.1 20.8 111.4 153.3 24.5 128.8 178.9 12.7 5.6 15.1 145.5 157.5 18.7 6.7 132.0 189.7 26.6 2.6 3.4 11.5 145.5 (Million) 5.3 5.6 1.9 2.2 3.4 3.4 6.5 2.7 7.3 3.0 7.9 0.9 1.9 1.1 2.5 1.5 7.4 8.2 0.0 0.7 0.5 1.3 3.9 4.3 4.4 4.4 4.2 New Micro KUR New Retail KUR Micro KUR Kupedes Rakyat Kupedes Micro Loan 2011 2012 2013 2014 2015 Mar'15 Mar'16 2011 2012 2013 2014 2015 Mar'15 Mar'16 NPL Micro Loans (%) 1.19 1.09 1.04 1.12 1.13 1.56 1.54 Total Micro loans increased 20.4% yoy, with number of borrowers reaching 8.2 million. New KUR support the micro loan growth. With outstanding reaching Rp 29.2 trillion and 1.9 million borrowers to compensate declining Micro KUR and Kupedes Rakyat 2011 2012 2013 2014 2015 Mar'15 Mar'16 Note: Numbers stated in this presentation are bank only 10
Micro Banking - Deposit Micro Funding, providing liquidity from stable core funding Micro Deposits Micro Deposits Composition (IDR Trillion) Mar 15 Mar 16 192.1 185.0 14.4% 0.8% 15.3% 0.9% 146.2 166.2 163.2 107.5 126.6 84.8% 83.7% Demand Deposit Saving Time Deposit 2011 2012 2013 2014 2015 Mar'15 Mar'16 Micro deposits grew 13.4% yoy, lead by saving with 12.0% YoY Savings, with composition of 83.7%, still dominates micro deposits Note: Numbers stated in this presentation are bank only 11
Micro Banking Teras BRI Teras BRI - more accessible, getting closer to customers TerasBRI - Performance IDR Trillion TerasBRI - Contribution to Micro Loan & Deposit Loan Deposit 2671 3067 3179 16.9 3078 3179 18.8 7.6% 8.8% 9.8% 9.1% 9.9% 3.5% 3.8% 4.4% 4.0% 4.5% 2128 13.5 14.3 1304 10.0 8.5 8.4 5.3 6.3 6.5 2.9 5.1 1.0 2.3 2011 2012 2013 2014 2015 Mar'15 Mar'16 Loan Deposit # of Teras BRI 3.2% 5.0% 2011 2012 2013 2014 2015 Mar'15 Mar'16 Loan in Teras 0.9% TerasBRI continuously shows strong performance with loan growth of 31.5% and deposit growth of 29.2% yoy. 1.8% 2011 2012 2013 2014 2015 Mar'15 Mar'16 Deposit in Teras Note: Numbers stated in this presentation are bank only Contribution of Teras BRI to Micro business performance keep increasing, in Mar 16 reached 9.9% and 4.5% of total micro loan and deposit 12
BRILink create business, reach the un-banked BRILink is utilization of BRI s e-banking infrastructure by third parties (BRILink Agent) through fee sharing scheme # of Agent # of Transaction Transaction Volume (in Million) (in Rp Trillion) 32,483 35,955 50,259 27,643 59,318 6.8 13.2 23.6 2.3 15.1 10.4 20.4 35.9 3.7 21.0 Jun'15 Sep'15 Dec'15 Mar'15Mar'16 # of Agent - Distribution # of Transaction - Distribution Transaction Volume - Distribution Mid & Eastern Part 23% Sumatr a 22% Java 55% Mid & Eastern Part 26% Sumatr a 29% Java 45% Mid & Eastern Part 29% Sumatr a 33% Java 38% In Mar 16, Java (55.0%) dominates the Agent distribution Note: Numbers stated in this presentation are bank only In line with the Agent distribution, Java dominates the total BRILink transaction Java with 38%, dominates the transaction volume 13
Small Commercial & Medium Loans 14
160.0 140.0 120.0 100.0 80.0 60.0 40.0 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% -1.00% -2.00% -3.00% 25.0 20.0 15.0 10.0 5.0 0.0 8.00% 7.00% 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% Small Commercial & Medium Loans Small Commercial Medium 4.53% 67.6 4.7 3.75% 3.13% 94.0 6.9 75.6 5.4 3.21% 105.1 7.6 2.90% 114.5 3.3 2.7 4.13% (IDR Trillion) 100.2 106.9 2.5 6.1 6.6 3.78% 7.11% 5.09% 4.38% 5.91% 5.82% 7.50% (IDR Trillion) 6.68% 18.5 19.1 20.2 20.2 20.3 16.5 13.8 98.3 93.6 108.5 97.4 87.1 70.2 62.9 2011 2012 2013 2014 2015 Mar'15 Mar'16 2011 2012 2013 2014 2015 Mar'15 Mar'16 Commercial Non KUR New Retail KUR Retail KUR Total Loan Total Loan NPL NPL 15
Consumer Loans 16
Consumer Loan Loan Outstanding (IDR Trillion) Composition 55.8 12.0 61.5 12.5 73.9 16.4 80.6 18.2 88.5 19.0 81.7 18.28 91.2 19.35 Mar 15 Salary Based Loan 77.6% 71.9 63.4 69.5 62.4 57.5 49.0 43.8 2011 2012 2013 2014 2015 Mar'15 Mar'16 Salary Based Loan Other Total Consumer NPL (IDR Trillion) 1.53 1.60 1.40 1.44 1.48 1.21 1.30 Others 2.0% Vehicle Loans 2.4% Mar 16 Vehicle Others Loans 1.7% 1.9% Mortgage 18.0% Mortgage 17.6% 2011 2012 2013 2014 2015 Mar'15 Mar'16 Salary Based Loan 78.8% Note: Numbers stated in this presentation are bank only 17
SoE & Corporate Loans 18
SOE & Corporate Loan Loan Outstanding Trend (IDR Trillion) By Business Segment SOE Corporate Total 131.2 110.2 87.8 57.1 47.7 156.3 75.1 114.4 55.6 154.9 76.4 SOE Loans Others 5.37% Oil & Gas 8.86% Mining, 2.36% Transportation 2.06% Agribusiness 30.36% 56.3 24.3 32 38 49.8 62.5 74.1 81.2 58.8 78.6 Infrastructure, Utilities 29.01% Industry 17.17% Construction, 0.33% 2011 2012 2013 2014 2015 Mar' 15 Mar' 16 NPL Trend (%) Corporate Loans Others 6.49% Transportation, 2.63% 0.97% 0.47% 0.38% 0.77% 2.30% 0.93% 1.86% 2011 2012 2013 2014 2015 Mar' 15 Mar' 16 NPL 2011 2012 2013 2014 2015 Mar' 15 Mar' 16 SOE 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Corp Non SOE 2.24% 1.00% 0.87% 1.78% 4.78% 1.92% 3.78% Oil & Gas, 6.79% Mining, 1.99% Infrastructure, Utilities, 8.14% Industry, 31.92% Agribusiness, 35.61% Construction, 4.29% 19
Fee Based Income 20
Fee Based Income - composition Mar 15 Mar 16 Fee Based Income 88.9 5.1% 105.4 6.0% 54.1 3.1% 52.3 3.0% 162.0 8.2% 42.3 2.2% 60.9 3.1% 74.8 3.8% YoY g = 12.77% 6.1 7.4 141.3 8.1% 391.8 22.5% 910.4 52.2% 162.3 8.3% 472.4 24.0% 992.3 50.5% 3.4 3.9 4.9 1.7 2.0 Deposit Adm Fee Credit Card (Nominal in billion) E-Banking Related Fee Loan Adm Fee Payment Service Others Int'l Business Related Fee 2011 2012 2013 2014 2015 Mar'15Mar'16 FBI (Rp Trillion) Fee based income grew at 12.77% (yoy) and currently FBI to Total Income reach 7.8% E-banking related Fees increased, yoy, 20.58%, raising it s portion from 22.5%to 24.0% of the total Fee Based Income. Note: Numbers stated in this presentation are bank only 21
E-Banking Performance Users and Transaction # of Users # of Transaction Transaction Value (In Million) ATM YOY Growth 23.9% 10.5 17.0 19.4 32.2 40.8 34.5 42.7 (In Million) YOY Growth 22.8% 482.7 789.2 1,150.7 1,474.5 1,687.8 (In IDR Trillion) YOY Growth 29.5% 386.5 474.7 249.6 429.2 757.8 1056.9 952.6 230.9 299.0 E-banking related fee (Rp Billion) YOY Growth 20.58% 1,637.4 Mobile Banking 1,218.5 YOY Growth 32.5% 5.9 3.4 1.6 8.8 11.6 YOY Growth YOY Growth 12.4 164.9 29.4% 5.1% 85.9 131.3 9.4 84.0 48.5 46.6 35.0 45.3 21.0 25.4 2.8 7.7 19.0 19.9 308.8 388.1 713.8 391.8 472.4 Internet Banking - YOY Growth 110.9% 4.5 4.9 YOY Growth 109.0% 119.5 YOY Growth 81.9% 175.1 2.1 2.3 57.4 1.0 0.2 0.4 23.9 14.7 6.9 Note: Numbers stated in this presentation are bank only 20.5 42.8 2.8 9.3 26.8 85.5 34.4 62.6 Ample opportunity to grow fee based income coming from e-banking, as BRI has huge base number of saving accounts 22
Key Take Aways 23
Key Take Aways Strong loan growth in 1Q16 of 18.6% supported by Micro, Consumer and Corporate segments Improved CASA from 51.7% in 1Q 2015 to 56.5% in 1Q 2016 Lower cost of fund due to negative yoy growth in Time Deposit and higher LDR of 88.8% Manageable NPL level and normalised Special Mention Loan level Flat bottom line growth despite strong PPOP growth of 20.9% due to higher credit cost of 2.6% to maintain coverage at 150% level 24
Appendixes 25
Financial Ratios Description 2011 2012 2013 2014 2015 Q1'15 Q1'16 Cost of Fund (COF) 4.70% 3.68% 3.71% 4.38% 4.24% 4.74% 3.98% Loan to Deposit Ratio 76.20% 79.85% 88.54% 81.68% 86.88% 80.47% 88.81% Net Interest Margin (NIM) 9.58% 8.42% 8.55% 8.51% 8.13% 7.57% 8.09% NPL ratio - Gross 2.30% 1.78% 1.55% 1.69% 2.02% 2.17% 2.22% NPL ratio - Nett 0.42% 0.34% 0.31% 0.36% 0.52% 0.60% 0.59% CKPN to Earning asset 4.51% 3.43% 2.90% 2.40% 2.37% 2.44% 2.54% Opr. Expense to Opr. Income 66.69% 59.93% 60.58% 65.42% 67.96% 68.04% 72.10% Cost Efficiency Ratio (CER) 41.17% 43.11% 42.13% 43.18% 43.81% 45.08% 42.86% Tier I CAR* 13.67% 15.86% 16.13% 17.54% 16.76% 15.97% 15.84% Total CAR* 14.96% 16.95% 16.99% 18.31% 20.59% 20.08% 19.49% Return on Assets (ROA) - b.t 4.93% 5.15% 5.03% 4.73% 4.19% 3.99% 3.65% Return on Assets (ROA) - a.t 3.97% 4.04% 3.85% 3.72% 3.28% 3.21% 2.95% Return on Equity (ROE) - Tier I 42.49% 38.66% 34.11% 31.19% 29.89% 29.84% 26.55% Return on Equity (ROE) - B/S 35.10% 32.41% 30.10% 27.87% 24.39% 24.71% 21.44% Min. Reserve Requirement 9.33% 10.64% 8.02% 8.07% 9.31% 8.03% 6.52% Net Open Position 5.49% 3.00% 3.15% 3.86% 2.33% 5.48% 5.13% CASA 61.28% 59.94% 59.22% 53.55% 59.21% 51.74% 56.54% Note: Numbers stated in this presentation are bank only 26
Sources of Income Total Income Interest Income IDR Billion Total Income 2011 2012 2013 2014 2015 g(yoy) Q1'15 Q1'16 g(yoy) Interest income 46,949 47,922 57,301 72,466 82,221 13.5% 20,083 21,840 8.7% Fee & Other Opr.Income 5,524 8,166 8,165 9,178 12,224 33.2% 2,727 3,311 21.4% Non Operating Income (net) 1,157 1,169 1,776 2,497 1,947-22.0% 288 573 98.5% Total Income 53,631 57,256 67,242 84,141 96,391 14.6% 23,099 25,724 11.4% IDR Billion Interest Income 2011 2012 2013 2014 2015 g(yoy) Q1'15 Q1'16 g(yoy) Interest from Loans 41,657 42,623 51,733 65,373 73,376 12.2% 17,219 19,165 11.3% Int. from Other Earning Assets 5,292 5,299 5,567 7,093 8,845 24.7% 2,864 2,675-6.6% Total Interest Income 46,949 47,922 57,301 72,466 82,221 13.5% 20,083 21,840 8.7% Fee & Other Operating Income IDR Billion Fee & Other Operating Income 2011 2012 2013 2014 2015 g(yoy) Q1'15 Q1'16 g(yoy) Gain Fr Value Increase of Securities and Govt. Recap Bonds 146 56 83 112 63-43.8% 43 78 81.0% Gain fr unrealized change fair value and Govt. Recap Bonds 2 3 3 19.7% Fees and Commissions 3,367 3,928 4,860 6,068 7,352 21.2% 1,744 1,967 12.8% Gain fr Forex 36 427 455 234 458 95.4% 160 - -100.0% Recovery 1,794 2,251 1,907 2,087 2,334 11.8% 453 595 31.3% Others 181 1,504 860 673 2,017 199.6% 324 668 106.5% Total Fee & Other Opr. Income 5,524 8,166 8,165 9,178 12,224 33.2% 2,727 3,311 21.4% Note: Numbers stated in this presentation are bank only 27
Other Operating Expenses IDR Billion Other Operating Expenses 2011 2012 2013 2014 2015 g(yoy) Q1'15 Q1'16 g(yoy) Personnel 8,327 9,215 11,748 13,609 15,961 17.3% 3,815 4,264 11.8% General and Administration 5,362 6,000 7,103 8,672 9,918 14.4% 2,080 2,416 16.2% Losses fr decrease of Securities and Govt. Bonds value - - - - 7 - - Losses from forex transaction - - - - - - 73 Premium Paid on Govt Guarantees 610 729 885 991 1,248 25.9% 315 320 1.4% Promotion 603 731 652 747 858 15.0% 149 168 12.6% Others 1,386 1,928 897 1,440 1,897 31.7% 673 785 16.6% Total Other Opr. Expenses 16,288 18,602 21,284 25,458 29,889 17.4% 7,032 8,025 14.1% Note: Numbers stated in this presentation are bank only 28
Balance Sheet (consolidated) IDR Billion Description 2011 2012 2013 2014 2015 Q1'15 Q1'16 YoY Total Assets 469,899 551,337 626,183 801,984 878,426 806,005 864,939 7.3% - Gross Loans 294,515 362,007 448,345 510,697 581,095 493,371 584,276 18.4% - Government Bonds (Recap) 8,996 4,316 4,511 4,304 3,816 4,301 3,818-11.2% - Other Earnings Assets 129,136 132,720 115,690 213,094 197,021 239,071 202,321-15.4% Total Earning Assets 432,647 499,042 568,546 728,094 781,931 736,743 790,414 7.3% Earning Assets Provision (16,092) (14,916) (15,419) (16,163) (17,532) (16,418) (19,176) 16.8% Total Earning Assets (net) 416,555 484,126 553,127 711,931 764,399 720,325 771,238 7.1% Total Non Earning Assets 53,345 67,211 73,055 90,053 114,027 85,680 93,700 9.4% Total Liabilities & S.E 469,899 551,337 626,183 801,984 878,426 806,005 864,939 7.3% Total Customer Deposits 384,264 450,166 504,281 622,322 668,995 610,937 658,736 7.8% - Demand Deposits 76,779 80,075 79,337 90,052 114,367 86,636 109,646 26.6% - Saving Deposits 154,133 184,365 212,997 236,395 272,471 223,267 253,877 13.7% - Time and Certificate Deposits 153,353 185,726 211,948 295,875 282,157 301,034 295,213-1.9% Other Interest Bearing Liabilities 19,361 15,784 20,896 57,435 68,601 64,426 55,850-13.3% Non Interest Bearing Liabilities 16,454 20,505 21,678 24,522 27,703 34,543 37,523 8.6% Tier I Capital* 38,809 52,325 67,270 83,344 93,437 80,243 93,546 16.6% Total Shareholder's Equity 49,820 64,882 79,327 97,706 113,127 96,099 112,830 17.4% *) As of January 2015: - Implementation of Basel 3: recognition of 100% current year net profit into capital, previously only 50% - Ref to PBI No. 15/12/2013 : appropriated reserves is categorized as Tier 2 Capital, previously Tier 1 Capital 29
Income Statement (consolidated) IDR Billion Description 2011 2012 2013 2014 2015 Q1'15 Q1'16 YoY Interest Income 48,164 49,610 59,461 75,122 85,434 20,868 22,752 9.0% Interest Expense (13,737) (13,127) (15,355) (23,680) (27,154) (7,359) (6,909) -6.1% Net Interest Income 34,427 36,484 44,106 51,442 58,280 13,510 15,843 17.3% Premium Income 570 n.a Premium Expense (558) n.a Net Premium Income 12 n.a Fee & Other Opr. Income 5,776 8,390 8,348 9,299 12,409 2,776 3,465 24.8% Gross Operating Income 40,203 44,873 52,455 60,741 70,689 16,285 19,320 18.6% Other Operating Expenses (17,086) (19,491) (22,381) (26,715) (31,276) (7,381) (8,514) 15.3% Pre Provision Operating Profit 23,117 25,382 30,074 34,026 39,413 8,904 10,807 21.4% Provision (5,533) (2,700) (3,946) (5,719) (8,900) (1,565) (3,649) 133.1% Non Operating Income (Net) 1,172 1,177 1,782 2,497 1,981 292 582 99.0% Profit Before Tax n Minor. Int. 18,756 23,860 27,910 30,804 32,494 7,631 7,740 1.4% Net Profit 15,088 18,687 21,354 24,227 25,411 6,147 6,252 1.7% EPS *) 628.9 757.5 865.6 982.1 1,030.1 997 1,014 1.7% *) annualized 30
Others 31
The Most Extensive and Largest Networks Regional Office Distribution RO Banda Aceh RO Medan RO Pekanbaru RO. Banjarmasin RO. Makassar RO. Manado RO. Papua RO. Padang RO. Palembang RO. Lampung RO. Semarang RO. Surabaya & Malang Regional Offices Branch Offices RO. Jakarta 1, 2, and 3 RO. Yogyakarta RO. Bandung RO. Denpasar Outlets 2012 2013 2014 2015 Mar'15 Mar'16 YoY Head Offices 1 1 1 1 1 1 - Regional Offices 18 18 19 19 19 19 - Branches 446 453 461 467 461 467 6 Sub Branches 545 565 584 603 584 603 19 BRI Units 5,000 5,144 5,293 5,360 5,293 5,360 67 Cash Offices 914 950 971 983 974 983 9 Teras BRI 1,778 2,206 2,457 2,543 2,468 2,543 75 Teras Mobile 350 465 610 636 610 636 26 Total 9,052 9,802 10,396 10,612 10,410 10,612 202 E-Channel 2012 2013 2014 2015 Mar'15 Mar'16 YoY ATM 14,292 18,292 20,792 22,792 20,876 22,792 1,916 EDC 44,715 85,936 131,204 187,758 137,001 213,198 76,197 CDM 92 192 392 892 392 892 500 E-Buzz 42 50 55 57 55 57 2 Total 59,141 104,470 152,443 211,499 158,324 236,939 78,615 *Total working units are including 4 overseas offices Note: Numbers stated in this presentation are bank only Sub-Branch Offices BRI Unit Cash Counter Teras BRI 32
Ratings BRI Rating - Long Term Foreign Currency IDR BBB-, Stable Outlook - Short Term Foreign Currency IDR F3 Country Rating FITCH - Support Rating Floor BBB- - Support Rating 2 - Viability Rating bb+ - National Long-Term Rating AAA (idn), Stable Outlook - Rupiah Subordinated Debt A+ (idn) - Senior Unsecured Notes BBB- STANDARD AND POORS - Outlook Stable - Long Term Foreign Issuer Credit BB+ - Long Term Local Issuer Credit BB+ - Short Term Foreign Issuer Credit B - Short Term Local Issuer Credit B - Outlook Stable - Bank Deposit Baa3/P-3 - Bank Financial Strength D+ - Baseline Credit Assessment (Ba1) - Adjusted Baseline Credit Assessment (Ba1) - Senior Unsecured Notes Baa3 PEFINDO - National Rating id AAA, Stable Outlook Standard and Poors Fitch Moody's Japan Credit Rating Agency MOODY'S Indonesia Sovereign Ratings BB+, Positive Outlook BBB-, Stable Outlook Baa3, Stable Outlook BBB-, Stable Outlook 33
Shareholders & Stock Performance Shareholders Composition Shareholder 2003 2010 2011 2012 2013 2014 2015 Mar 15 Mar 16 Government 59.50% 56.75% 56.75% 56.75% 56.75% 56.75% 56.75% 56.75% 56.75% Public 40.50% 43.25% 43.25% 43.25% 43.25% 43.25% 43.25% 43.25% 43.25% Foreign *) 79.10% 84.25% 83.93% 82.84% 78.94% 83.09% 78.12% 85.06% 78.44% Domestic *) 20.90% 15.75% 16.07% 17.16% 21.06% 16.91% 21.88% 14.94% 21.56% Stock Price: Trend Volume Harga 350 300 volume Price 250 200 150 100 50 Dec-03 Mar-04 Jun-04 Sep-04 Dec-04 Mar-05 Jun-05 Sep-05 Dec-05 Mar-06 Jun-06 Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 BBRI Stock is member of: JCI Index LQ45 Index (Top 45 liquid stocks) SRI KEHATI Index (a UN affiliated biodiversity Index of 25 stocks) BBRI 34
PT BANK RAKYAT INDONESIA (Persero) Tbk. Investor Relations 20th floor BRI I Building Jl Jendral Sudirman Kav 44-46 Jakarta 10210 Indonesia Phone : 62 21 5752006/09, 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.