PT Bank Tabungan Negara (Persero) Tbk · IDX:BBTN
PT Bank Tabungan Negara (Persero) Tbk — Q1 2018 Earnings Presentation
42 slides from PT Bank Tabungan Negara (Persero) Tbk's earnings presentation, Apr 19, 2018
Slide 1: Analyst Meeting
ANALYST MEETING PT Bank Tabungan Negara (Persero) Tbk. Business & Financial Performances as of March 31, 2018 Jakarta, April 19th 2018
Slide 2: Disclaimer
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
Slide 3: Outline
Outline Page Macro Economy 4 1Q18 Summary 8 Performance Overview 11 Sharia Business 36 Appendices 39 3
Slide 4: 1. Macroeconomy
Bank @ BTN Macroeconomy
Slide 5: Macroeconomy: Controlled Inflation
Macroeconomy: Controlled Inflation Stable Inflation & Interest Rate Robust Economic Growth • Inflation was controlled at 3.40% (yoy) in March • Following 2017 GDP growth of 5.07% (yoy), 2018, still within BI’s target of 3.5±1%. Indonesia has experienced higher growth from • In March 2018, Bank Indon
Slide 6: BBTN Loan & Deposit: Above Industry's Growth
BBTN Loan & Deposit: Above Industry’s Growth Robust Loan Growth In Mar 2018, BBTN Loan grew by 19.34% (yoy), far above industry growth at 8.3% (yoy) in Feb 2018. Its acceleration was sustained by Subsidized Mortgages. Strong Deposits Growth Total Deposits of BBTN increased strongly by 23.54% (yoy) i
Slide 7: Housing Industry: Residential Property Prices and Sales Start to Increase
Housing Industry: Residential Property Prices and Sales Start to Increase Residential Property Price Index Growth of Property Sales (% qtq) • Residential Property Price Index in 4Q17 • Residential property sales in 4Q2017 increased quarterly from 0.50% (qtq) to showed a pick up from the previous qua
Slide 8: 1Q 2018 Summary
Bank @ BTN Ba 1Q 2018 Summary
Slide 9: Bank BTN's Achievement on 1 Million Houses Program
Bank BTN’s Achievement on 1 Million Houses Program Progress as of Mar 31, 2018 Construction Loans Support in Progress Target Mortgage Loan Type Approved Approved Total Progress (Unit) Disbursed 2018 Total prior to 2018 in 2018 Unit IDR Bn Unit IDR Bn Unit IDR Bn Unit IDR Bn Unit IDR Bn Subsidized Mo
Slide 10: 1Q 2018 Key Takeaways
1Q 2018 Key Takeaways Sustained • Loan growth was 19.34% (yoy) in support of the 1 Million Houses Program, Robust • Subsidized mortgage demand remained strong with 32.96% (yoy) growth Loan Growth • Sustaining the leadership of mortgage in Indonesia by 37.3% Sufficient • Deposits rose aggressively by
Slide 11: 3. Performance Overview
3. Performance Overview 1114 11
Slide 12: Financial Highlight
Financial Highlight (IDR Billion) INDUSTRY FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 31-Mar-17 31-Mar-18 y.o.y (Feb 2018) Total Asset 131,170 144,582 171,808 214,168 261,365 214,312 258,739 20.73% 9.25% Total Loan & Financing 100,467 115,916 138,956 164,446 198,991 169,687 202,503 19.34% 8.32% Total D
Slide 13: Balance Sheet
Balance Sheet (IDR Billion) FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 31-Mar-17 31-Mar-18 y.o.y Total Assets 131,170 144,582 171,808 214,168 261,365 214,312 258,739 20.73% Total Earning Assets 118,305 132,192 157,049 195,780 234,161 194,949 235,413 20.76% - Term Deposit with BI 4,834 1,496 7,529 17,58
Slide 14: Asset Composition
Asset Composition Total Assets (IDR Trillion) Assets Composition (%) 1414
Slide 15: Earning Asset Composition
Earning Asset Composition Total Earning Asset Earning Asset Composition (IDR Trillion) (%) 1515
Slide 16: Loans Composition: Focused on Housing Loans
Loans Composition: Focused on Housing Loans 31-Dec-13 31-Dec-14 31-Dec-15 31-Dec-16 31-Dec-17 31-Mar-17 31-Mar-18 Loans Type y.o.y IDR Bn Shares IDR Bn Shares IDR Bn Shares IDR Bn Shares IDR Bn Shares IDR Bn Shares IDR Bn Shares Housing Loans 87,005 86.60% 102,614 88.52% 124,927 89.90% 147,948 89.97
Slide 17: Mortgages: Growth Remained Strong
Mortgages: Growth Remained Strong Total Mortgages Mortgage Composition (IDR Billion) (%) Subsidized Mortgages Non Subsidized Mortgages (IDR Billion) (IDR Billion) 1717 Note : Figures on all graphs Include Sharia financing
Slide 18: Loan Disbursement: Mortgages & Construction Loans were the Drivers
Loan Disbursement: Mortgages & Construction Loans were the Drivers IDR Trillion IDR Billion 3 Months of Loans Type FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 y.o.y 2017 2018 IDR Bio Housing Loans 33,955 34,029 41,812 47,216 57,888 11,294 13,939 23.42% Subsidized Mortgages 6,506 7,960 12,771 17,527 23,4
Slide 19: Loan Quality: Manageable NPL
Loan Quality: Manageable NPL Gross NPL Net NPL (%) (%) Note : Figures on all graphs Include Sharia financing 1919
Slide 20: Loan Quality Breakdown: Commercial Loans NPL Continued to Improve
Loan Quality Breakdown: Commercial Loans NPL Continued to Improve 31-Dec-13 31-Dec-14 31-Dec-15 31-Dec-16 31-Dec-17 31-Mar-17 31-Mar-18 Collectibility IDR Bn Share IDR Bn Share IDR Bn Share IDR Bn Share IDR Bn Share IDR Bn Share IDR Bn Share Current 84,301 83.91% 95,262 82.18% 116,887 84.12% 142,963
Slide 21: Special-Mentioned Loan
Special-Mentioned Loan Total Special-Mentioned Loan Special-Mentioned by Loan Type (%) (%) Note : Figures Include Sharia financing 2121
Slide 22: Restructured Loan
Restructured Loan Restructured Loan in 1Q18 Restructured Loan by Quality in 1Q18 (IDR Billion) (%) Restructured Loan Outstanding (IDR Billion) Note : Figures Include Sharia financing 2222
Slide 23: Liabilities: Sufficient to Support Loan Growth
Liabilities: Sufficient to Support Loan Growth Total Liabilities Funding Composition (IDR Trillion) (IDR Trillion) Funding Composition (%) 2323
Slide 24: Deposits: Solid Growth & Liquidity
Deposits: Solid Growth & Liquidity Total Deposits Mix (IDR Trillion) Deposits FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 1Q2017 1Q2018 y.o.y Current Account 19.12 23.23 31.37 45.85 54.66 41.73 51.14 22.55% Savings Account 24.24 25.55 30.76 34.83 40.95 30.74 44.06 43.35% Time Deposits 52.86 57.70 65.62
Slide 25: Equity (1/2)
Equity (1/2) Total Equity (IDR Trillion) CAR - BI (%) 2525
Slide 26: Equity (2/2)
Equity (2/2) 2013 2014 2015 2016 2016 Mar-17 Mar-18 Tier - 1 Capital 9,879 10,736 12,172 16,443 18,728 16,111 18,324 Tier - 2 Capital 722 797 1,721 3,776 3,368 3,660 3,218 Capital on B/S 11,557 12,253 13,860 19,131 21,663 19,196 21,717 RWA - Credit Risk 57,749 66,251 70,474 86,189 101,494 88,898 101
Slide 27: Income Statement
Income Statement (IDR Billion) FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 1Q2017 1Q2018 y.o.y Interest Income 11,197 13,374 15,567 17,852 20,081 4,559 5,276 15.71% Interest Expense (5,558) (7,893) (8,700) (9,600) (10,637) (2,523) (2,909) 15.32% Net Interest Income 5,639 5,482 6,867 8,252 9,444 2,037 2,
Slide 28: Interest Income Composition
Interest Income Composition (IDR Billion) FY2013 FY2014 FY2015 FY2016 FY2016 FY2017 1Q2017 1Q2018 Y.o.Y Placement with Bank Indonesia 74 81 107 111 111 154 24 44 80.07% Placement with other bank 63 40 37 56 56 15 6 5 -4.20% Securities 726 982 858 971 971 971 248 230 -7.31% Loan 9,605 11,353 13,523 1
Slide 29: Interest Expense Composition
Interest Expense Composition (IDR Billion) FY2013 FY2014 FY2015 FY2016 FY2016 FY2017 1Q2017 1Q2018 Y.o.Y Bank Indonesia 5 2 1.06 - - - - - - Deposits from other Banks 39 84 328 285 285 394 86 57 -33.09% Deposits from Non Banks 4,082 6,290 6,750 7,363 7,363 7,946 1,942 2,217 14.18% Securities Issued
Slide 30: Other Operating Income Composition
Other Operating Income Composition (IDR Billion) FY2013 FY2014 FY2015 FY2016 FY2016 FY2017 1Q2017 1Q2018 Y.o.Y Marked to market 17 7 - 10 10 7 59 86 45.69% Gain 32 112 170 273 273 396 70 26 -63.56% Reversal on Provisions 8 5 7.51 0.10 0.10 0.02 3.71 11.72 215.80% Commissions, Services & Admin Fee31*
Slide 31: Other Operating Expense Composition
Other Operating Expense Composition (IDR Billion) FY2013 FY2014 FY2015 FY2016 FY2016 FY2017 1Q2017 1Q2018 Y.o.Y Provisions 441 777 901 708 708 884 138 207 49.88% Salaries & Employee Benefit 1,161 1,260 1,459 1,619 1,619 1,907 541 579 6.99% Electricity, Telp, Office Supp. 365 494 591 660 660 853 168
Slide 32: Key Financial Ratios (1/4)
Key Financial Ratios (1/4) Net Income (IDR Billion) Net Interest Margin Cost Income Ratio 3232
Slide 33: Key Financial Ratios (2/4)
Key Financial Ratios (2/4) ROA1– before tax ROA2– after tax 1Calculated based on income before income tax (include tax benefit and extraordinary item)/ average total assets based on Bank Indonesia regulation 2Calculated based on net profit/average total assets 3333
Slide 34: Key Financial Ratios (3/4)
Key Financial Ratios (3/4) ROE3 – tier 1 capital ROE4 – balance sheet 15.28% 13.52% 3Calculated based on net profit/average Tier 1 capital based on Bank Indonesia regulation 4Calculated based on net profit/total stakeholder’s equity 3434
Slide 35: Key Financial Ratios (4/4)
Key Financial Ratios (4/4) Loan-to-Deposit Ratio Liquidity Coverage Ratio 3535
Slide 36: 4. Sharia Business
Bank @ BTN ZS Sharia Business 36
Slide 37: Sharia Business
Sharia Business Sharia Net Profit (IDR Billion) Sharia Assets Sharia Deposits (IDR Billion) (IDR Billion) 3737
Slide 38: Sharia Financings & NPF
Sharia Financings & NPF Sharia Financings Sharia Disbursement (IDR Billion) (IDR Billion) Sharia NPF (Gross) Sharia NPF (Net) (%) (%) 3838
Slide 39: 5. Appendices
Bank @ BTN 5. | Appendices 39
Slide 40: Shares Information
Shares Information Share Ownerships Composition as of Mar 31, 2018 Ownership # of Shares % GOI 6,354,000,000 60.00% Public 4,236,000,000 40.00% - Domestic 1,008,073,085 9.52% - Foreign 3,227,926,915 30.48% Total 10,590,000,000 100.00% Average Volume Market Cap Period Opening Lowest Highest Closing P
Slide 41: Outlets
Kalimantan Outlets Regional Offices - Sulawesi Branch Offices 6 Regional Offices 1 Papua & Maluku Sub Branch Offices 18 Branch Offices 6 Regional Offices - Cash Outlets 20 Sub Branch Offices 17 Branch Offices 3 Sharia Outlets 4 Cash Outlets 21 Sub Branch Offices 3 Priority Outlet 5 Sharia Outlets 4
Slide 42: Thank You
THANK YOU ________________ Investor Relations PT Bank Tabungan Negara (Persero) Tbk Menara BTN Lt. 20 - Jl Gajah Mada No. 1 Jakarta Pusat 10130 Telp : +62 21 63870142 / +62 21 63870107 Facs: +62 21 63870104 Email : investor_ relations@btn.co.id Website : www.btn.co.id 42
PT Bank Tabungan Negara (Persero) — Q1 2018 Earnings Presentation on 6ix