Pt Bank Pembangunan Daerah Jawa Timur Tbk Class B · IDX:BJTM
Pt Bank Pembangunan Daerah Jawa Timur Tbk Class B — IPO Roadshow (June 2012)
48 slides from Pt Bank Pembangunan Daerah Jawa Timur Tbk Class B's IPO roadshow presentation, June 2012
Slide 1: Initial Public Offering
PRIVATE & CONFIDENTIAL Initial Public Offering PT Bank Pembangunan Daerah Jawa Timur Tbk. June 2012 Joint Lead Underwriters “Bersama kami, berkembang pasti” Sebuah perubahan yang diawali dengan keinginan mendukung masa depan Anda. Bersama pelayanan professional dan kekuatan jaringan yang terpadu, ba
Slide 2: Senior Management
PRIVATE & CONFIDENTIAL Senior Management HADI SUKRIANTO President Director DJOKO LESMONO EKO ANTONO Director of Medium Business & Director of Operations Corporate SUPARLAN PARTONO Director of Compliance Director of Agrobusiness & Syariah Business -1-
Slide 3: Agenda
PRIVATE & CONFIDENTIAL Agenda 1 Overview & Investment Highlights 2 Strengths 3 Prospects of Banking Industry 4 Financial Highlights 5 Indicative Structure & Timetable -2-
Slide 4: Overview & Investment Highlights
SECTION 1 OVERVIEW & INVESTMENT HIGHLIGHTS
Slide 5: 50 Years of Experience with Excellent Implementation of GCG
PRIVATE & CONFIDENTIAL 50 Years of Experience with Excellent Implementation of GCG Since its inception at 1961, Bank Jatim has been successfully stimulating and driving improvement on the local area, managing local government money, and subsequently becoming one source of local revenue. As of April
Slide 6: Vision and Primary Mission
PRIVATE & CONFIDENTIAL Vision and Primary Mission In running and developing the business, Bank Jatim always seek to obtain optimal results by conducting its business pursuant to the rules and regulations, along with the principles of good corporate governance. VISION To be a sound and growing bank w
Slide 7: Bank Jatim Ownership Structure
PRIVATE & CONFIDENTIAL Bank Jatim Ownership Structure Series A shares East Java Province City Government / County Municipal Government Government of East Java 64.33% 35.67% The following is the current Bank Jatim ownership and shareholders structure : Nominal value Rp250 per share Remark Amount of S
Slide 8: Investment Highlights
PRIVATE & CONFIDENTIAL Investment Highlights Good financial performance, Low risk loan portfolio, with NPL primarily in profitability and under 1% for the last 8 years efficiency Well-balanced development Good reputation and having strategy between growth, loyal customers security, and profitability
Slide 9: Various Products and Comprehensive Services - Conventional
PRIVATE & CONFIDENTIAL Bank Jatim Provides Various Products and Comprehensive Services - Conventional Bank Jatim provides various products and comprehensive services with high quality to cater all of the customers needs. CONVENTIONAL FUND COLLECTION FOREIGN EXCHANGESERVICES OTHER SERVICES ► Demand D
Slide 10: Various Products and Comprehensive Services - Conventional (Lending)
PRIVATE & CONFIDENTIAL Bank Jatim Provides Various Products and Comprehensive Services - Conventional Bank Jatim provides various products and comprehensive services with high quality to cater all of the customers needs. LENDING WORKING CAPITAL INVESTMENT OTHER CREDIT CREDIT CREDIT ► Credit Linkage
Slide 11: Various Products and Comprehensive Services - Syariah
PRIVATE & CONFIDENTIAL Provides Various Products and Comprehensive Services - Syariah Bank Jatim provides various products and comprehensive services with high quality to cater all of the customers needs. SYARIAH FUND PRODUCTS SERVICES PRODUCTS ► Amanah Current Account ► National Clearing System, We
Slide 12: Loan and Customer Deposit Portfolio
PRIVATE & CONFIDENTIAL Loan and Customer Deposit Portfolio Bank Jatim has a high-yielding loan portfolio supported by low cost of deposits. Loan Value (Rp trillion) Multipurpose loan and demand deposit significantly contribute to our business. Credit classification Credit classification Amount Small
Slide 13: Exclusive Access of Multiguna
PRIVATE & CONFIDENTIAL Exclusive Access of Multiguna Bank Jatim, as the payment bank of the East Java Province, has the sole and exclusive access to extend Multiguna, the consumer loan product, to civil servants in East Java. Provincial / City / Municipal Multiguna is a very high yielding loan Gover
Slide 14: Supported by Extensive Distribution Network (Branches and ATM)
PRIVATE & CONFIDENTIAL Supported by Extensive Distribution Network (Branches and ATM) To anticipate increased competition amongst banks and improve service quality to its customers, Bank Jatim continues to develop and expand its network of services. Branches Network*) ATM Network 108 262 85 62 63 65
Slide 15: Human Resources Development Program
PRIVATE & CONFIDENTIAL Human Resources Development Program With the support of professional human resources, Bank Jatim is committed to provide excellent service to its customers. Vision, Mission, and HR Development and Quality Improvement HR Management Corporate Culture Policy HR Development Compet
Slide 16: Continuous Development of Information Technology
PRIVATE & CONFIDENTIAL Continuous Development of Information Technology Transformation of Information Technology (IT) system to anticipate business development and intensifying competition. IT Development Strategy Bank Jatim IT Transformation Bank Jatim approaches its IT development strategy based o
Slide 17: Company Transformation To Fulfill Our Vision
PRIVATE & CONFIDENTIAL Company Transformation To Fulfill Our Vision As the East Java industrial climate improves, the competition in the banking industry intensifies since many competitors oversee the potential to do market penetration in the banking industry. SHORT TERM + MEDIUM TERM BPD REGIONAL C
Slide 18: Short-and Medium-Term Plan Strategy
PRIVATE & CONFIDENTIAL Short-and Medium-Term Plan Strategy Improve the Setting up information Improve the government excellent service Make an effort to technology systems that relations with program to the increase capital support product institutions/agencies and society development and other inst
Slide 19: Awards & Achievements
PRIVATE & CONFIDENTIAL Awards & Achievements Annual Report Award 2010 Committee – State-owned Company with Persatuan Wartawan Indonesia East Java Branch Bapepam, Ditjen Pajak, Bursa Efek Indonesia, Ikatan Akuntansi Trophy and Charter Award from Persatuan Wartawan Indonesia Indonesia and Corporate Go
Slide 20: Strengths
SECTION 3 bankjatim y 7 bersama kami, berkembang pasti [ STRENGTHS | BAHANA sekuritas
Slide 21: Overview of Company's Strengths
PRIVATE & CONFIDENTIAL Overview of Company’s Strengths Competitive Funding Quality Assets Composition Parent company of Wide Network of Service Community Credit Bank Points (Bank Perkreditan Rakyat) Loyal Consumer-sector Experienced Management Clients Potential SME Growth -20-
Slide 22: Competitive Funding Composition
PRIVATE & CONFIDENTIAL 1 Competitive Funding Composition Bank Jatim has mantained low cost funding composition above 70% for the past 5 years. Funding Composition -21-
Slide 23: Competitive Funding Composition
PRIVATE & CONFIDENTIAL 1 Competitive Funding Composition Bank Jatim has mantained low cost funding composition above 70% for the past 5 years. Current account (in Rp trillion) Total saving deposit (in Rp trillion) Total time deposit (in Rp trillion) -22-
Slide 24: Quality Assets
PRIVATE & CONFIDENTIAL 2 Quality Assets Bank Jatim managed its quality assets by maintaining our NPL, NIM, and allowance for impairment losses. Gross NPL NIM 1.05% 9.17% 0.97% 8.35% 7.66% 7.95% 7.28% 0.69% 0.72% 0.65% 2007 2008 2009 2010 2011 2007 2008 2009 2010 2011 Allowance for impairment losses
Slide 25: Wide Network of Service Points
PRIVATE & CONFIDENTIAL 3 Wide Network of Service Points Branch network and electronic channels are among Bank Jatim’s competitive advantages. Network 2009 2010 2011 2012*) Head Office 1 1 1 1 Conventional branch 38 40 40 40 Syariah branch 1 1 1 1 Conventional sub branch 26 41 64 70 Syariah sub branc
Slide 26: Experienced Management
PRIVATE & CONFIDENTIAL 4 Experienced Management Bank Jatim is led by an experienced management team with deep knowledge on Indonesia’s banking sector. HADI SUKRIANTO, President Director 55 years old, obtained his Master’Degree from Universitas 17 Agustus 1945 Surabaya in 2003. Has joined Bank Ja
Slide 27: Experienced Management
PRIVATE & CONFIDENTIAL 4 Experienced Management Bank Jatim is led by an experienced management team with deep knowledge on Indonesia’s banking sector. MULJANTO, President Commissioner ISNANTO, Independent Commissioner 59 years old, obtained his Master Degree from UPN 51 years old, obtained his M
Slide 28: Potential for Small & Medium Enterprise Growth
PRIVATE & CONFIDENTIAL 5 Potential for Small & Medium Enterprise Growth In line with Bank Jatim’s mission to stimulate local economic growth and develop small and medium business, the focus of its business is to finance Micro Small Medium Enterprise (MSME) and Cooperative. MSME loan scheme reflects
Slide 29: Loyal Consumer-sector Clients
PRIVATE & CONFIDENTIAL 6 Loyal Consumer-sector Clients Bank Jatim is one of the biggest creditors on East Java’s consumer sector with a market share of 14.73% - Out of 450,000 civil servants in East Java, around 55 % has been served by Bank Jatim. - East Java civil servants are increasing at 14% p.a
Slide 30: Parent of Community Consumer Bank (BPR)
PRIVATE & CONFIDENTIAL 7 Parent of Community Consumer Bank (Bank Perkreditan Rakyat/BPR) - Obtains cheap funding from Apex members. - Increases the intermediary function of Bank Jatim, Apex Banking therefore increasing Bank Jatim’s funding portion towards MSMEs in East Java. - Better management over
Slide 31: Prospects of Banking Industry
SECTION 4 PROSPECTS OF BANKING INDUSTRY
Slide 32: The Economic Potential of East Java Towards Bank Jatim
PRIVATE & CONFIDENTIAL The Economic Potential of East Java Towards Bank Jatim We have strong macroeconomic backdrop in East Java that provides us economic opportunity to grow our bank in size and quality. 10.0% 9.3% Second-largest contributor towards Indonesian 9.0% economy. Approximately 15% of t
Slide 33: Performance Growth of Bank Jatim Compared to Other Regional Banks
PRIVATE & CONFIDENTIAL Performance Growth of Bank Jatim Compared to Other Regional Banks In the competitive sector of Regional Banking, Bank Jatim is optimistic it could handle competition from other banks. #3 5,7 Interest Income 4,8 (Rp trillion)(1) 2,7 2,7 3,1 3,9 2,8 1,7 2,0 2,0 1,2 1,4 1,7 1,6 1
Slide 34: Financial Highlights
SECTION 5 FINANCIAL HIGHLIGHTS
Slide 35: Trends on Income, Operating Income, and Net Income
PRIVATE & CONFIDENTIAL Trends on Income, Operating Income, and Net Income Bank Jatim’s income has increased steadily over the years, indicating a strong financial performance. INTEREST INCOME (Rp trillion) INTEREST EXPENSE (Rp trillion) CAGR = 12.2% CAGR = 3.4% 0.8 2.7 2.8 2.0 2.1 1.7 0.7 0.7 0.7 0.
Slide 36: Statements of Financial Position – Liabilities & Equity
PRIVATE & CONFIDENTIAL Statements of Financial Position – Liabilities & Equity Third-party funds and equity has increased over the years, indicating an increase in customer confidence and a solid capital position. THIRD PARTY FUNDS (Rp trillion) TOTAL EQUITY (Rp trillion) CAGR = 20.2% 3.3 CAGR = 11.
Slide 37: Statements of Financial Position - Assets
PRIVATE & CONFIDENTIAL Statements of Financial Position - Assets Bank Jatim’s assets has increased over the years, growing 24% yoy as of 31 December 2011. TOTAL ASSETS (Rp trillion) PRODUCTIVE ASSETS (Rp trillion) CAGR = 19.1% CAGR = 12.1% 24.4 20.0 17.4 15.7 16.3 2007 2008 2009 2010 2011 -36-
Slide 38: Highlights of Financial Ratios
PRIVATE & CONFIDENTIAL Highlights of Financial Ratios Bank Jatim has attained financial ratios well above the benchmark of the banking industry. LDR ROA 5.58% 4.97% 80.70% 80.11% 69.67% 3.94% 3.55% 3.75% 54.04% 42.11% 2007 2008 2009 2010 2011 2007 2008 2009 2010 2011 Industry benchmark : 78% < LDR <
Slide 39: Multiguna Trend
PRIVATE & CONFIDENTIAL Multiguna Trend Multiguna Loan Balance Multiguna Average Ticket Size Rp bn 8,869 Rp mn 35.9 10,000 8,283 40.0 32.5 (+7.1% YoY) (+10.5% YoY) 9,000 (+15.4% YoY) 35.0 (+11.4% YoY) 8,000 7177 29.2 30.0 7,000 6,000 25.0 5,000 20.0 4,000 15.0 3,000 2,000 10.0 1,000 5.0 - - 2009 2010
Slide 40: Lending Outlook
PRIVATE & CONFIDENTIAL Lending Outlook 2007 2008 2009 2010 2011 2012F 2013F 2014F Interest Income from Loans 1,088 1,200 1,479 2,307 2,416 2,678 3,211 3,706 Total Loans 5,543 7,424 10,124 13,088 16,135 19,792 24,294 29,821 Average Loan Yield 18.5% 16.9% 19.9% 16.5% 14.9% 14.6% 13.7% 2007 2008 2009 2
Slide 41: Customer Deposit and Funding Trend
PRIVATE & CONFIDENTIAL Customer Deposit and Funding Trend 6.0% 6.0% 5.5% 5.3% 5.5% 5.0% 5.0% 5.0% 5.0% 4.5% 4.8% 4.5% 4.4% 4.1% 4.5% 4.3% 3.9% 4.0% 3.9% 4.1% 4.0% 3.8% 4.0% 3.7% 3.7% 3.7% 3.5% 3.5% 3.0% 3.0% 2008 2009 2010 2011 2012 2013 2014 2015 2008 2009 2010 2011 2012 2013 2014 2015 Average cost
Slide 42: Customer Deposit Analysis
PRIVATE & CONFIDENTIAL Customer Deposit Analysis 2007 2008 2009 2010 2011 2012F 2013F 2014F CASA Ratio 76.3% 71.3% 76.3% 79.0% 76.1% 73.9% 75.0% 75.6% Total Customer Deposit (Rp 2007 2008 2009 2010 2011 bn) 2012F 2013F 2014F Demand Deposit 6,868 6,358 6,973 6,996 8,245 9,856 11,628 8,204 Saving Depo
Slide 43: Indicative Structure & Timetable
SECTION 6 INDICATIVE STRUCTURE & TIMETABLE
Slide 44: Indicative Structure
PRIVATE & CONFIDENTIAL Indicative Structure Issuer PT Bank Pembangunan Daerah Jawa Timur Tbk. (“Bank Jatim”) Stock Exchange Indonesian Stock Exchange (“IDX”) – Main Board Offering Structure Up to 2,983,537,000 of new shares (Series B) (20% of Issued and Fully Paid Capital after the Initial Public Of
Slide 45: Price Range
PRIVATE & CONFIDENTIAL Price Range Rp [XXX] Rp [XXX]
Slide 46: Indicative Timetable
PRIVATE & CONFIDENTIAL Indicative Timetable Due Diligence Meeting & Public Expose 19 June 2012 Bookbuilding Period 18 – 25 June 2012 Pricing 26 June 2012 Effective Statement from Bapepam & LK 29 June 2012 Offering Period 3 – 5 July 2012 Allotment 9 July 2012 Refund 10 July 2012 Payment to Issuer / D
Slide 47: Joint Lead Underwriters & Supporting Parties
PRIVATE & CONFIDENTIAL Joint Lead Underwriters & Supporting Parties Joint Lead Underwriters CERTIFIED PUBLIC ACCOUNTANTS KAP Purwantono, Suherman & Surja (Member of Ernst & Young) LEGAL COUNSEL Makes & Partners Law Firm APPRAISER KJPP Susan Widjojo & Rekan NOTARY Fathiah Helmi, S.H. SHARE REGISTRAR
Slide 48: Thank You
bankjatim y 7 THANK YOU
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