Pt Bank Permata Tbk Class A · IDX:BNLI
Pt Bank Permata Tbk Class A — H1 2024 Earnings Presentation
64 slides from Pt Bank Permata Tbk Class A's earnings presentation, 2024
Slide 1: First Half of 2024 Performance Results
PT Bank Permata Tbk First Half of 2024 Performance Results Corporate Presentation
Slide 2: Disclaimer
Disclaimer This report has been prepared by PT Bank Permata Tbk 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
Slide 3: Table of Contents
Table of Contents 02 | Disclaimer 35 | First Half of 2024 Financial Performance 36 Strong Revenue Structure and Sustainable Profit 04 | Management Highlights 37 Margin Remains Sound with More Efficient Business Process 05 Key Highlights Financial Performance June 2024 38 Consistently Applying Balanc
Slide 4: Management Highlights
Management Highlights
Slide 5: Key Financial Highlights June 2024
Key Financial Highlights June 2024 Total Loans Total Deposits Total Assets CAR (%) (Rp trillion) (Rp trillion) (Rp trillion) 10.2% YOY 3.4% YOY 2.8% YOY 3.5% YOY 191.8 258.4 185.5 251.4 151.4 39.0% 137.4 35.4% 56.4% CASA 56.3% Ratio Jun-23 Jun-24 Jun-23 Jun-24 Jun-23 Jun-24 Jun-23 Jun-24 Gross NPL (
Slide 6: 3 Strategic Priorities
3 Strategic Priorities 1 Create the leading Deposit dan Wealth franchise 2 Be the preferred ecosystem partner to businesses and technology players 3 PT Bank Permata Tbk Be the Market Leading on customer satisfaction (NPS) in the industry 1H2024 – Management Highlights | 6
Slide 7: Universal Financial Products and Services
Universal Financial Products and Services The main service collect funds from publics in the form of current accounts, savings, time deposits and credit distribution to publics in accordance with commercial banks business activities, available in both Conventional and Sharia services Consumer Corpor
Slide 8: Newest Product Launches
Newest Product Launches PermataPoin PermataKKB Private Banking A point reward program from PermataBank Program offered to PermataBank Permata Private Banking differentiates the offering for UHNW that can be collected through various customers for various choices of vehicle (AUM threshold with minimu
Slide 9: Innovation to Serve Customers Better
Innovation to Serve Customers Better Mobile electronic banking services Customer's business solution in The latest internet banking service The system that integrates that offer Customers access to making direct payments via mobile innovations for an easy and Customer's platform to be directly vario
Slide 10: Modernization in the Banking Experience for All Generations
Modernization in the Banking Experience for All Generations Queuing by Qmatic System Queue Notification via WA PermataBank is committed consistently accelerating digital transformation through various innovations to provide the best service to customers Spacious Banking Hall Executive Lounge Permata
Slide 11: Sustainable Finance
Sustainable Finance Commitment towards sustainability in its business process reflected through strategic planning and framework in supporting long-term sustainable economic activities and projects. Governance Sustainability Committee ensure sustainability principles are incorporated in the strategi
Slide 12: Recent Global & Domestic Economic Development
Recent Global & Domestic Economic Development
Slide 13: Global Risks on Economy & Financial Market
Global Risks on Economy & Financial Market 1 2 3 Chinese ‘slower-for-longer’ economy and ‘Higher-for-longer’ policy rate lingers as Geopolitical conflicts, particularly in the weaker Yuan fixing rate give impacts on the Fed decided that there should be no Middle East, continues to give uncertainty,
Slide 14: Domestic Risks on Economy & Financial Market
Domestic Risks on Economy & Financial Market 1 2 3 The transition period from the current to El Nino causes upside risk for inflation, Risk of twin deficit: Current Account the new government is quite long, causing threatening purchasing power thus Deficit widens amid flagging global uncertainty reg
Slide 15: New Risks Emerge
New Risks Emerge • French President, Emmanuel Macron, called for a snap parliamentary • The 2024 US presidential election will take place on 5-Nov-24. This will be elections after his centrist party heavily lost to the far-right National Rally (RN) preceded by nominating contests in each state and t
Slide 16: USD/CNY exchange rate
USD/CNY CNY exchange rate depreciated amid risk of ‘slower-for-longer’ economy and global uncertainty regarding the Fed’s ‘higher-for-longer’. USD/CNY, USD/CNH, and CNY Fixing Rate as of 4-Jul-24 The China Foreign Exchange Trade System (CFETS) first enquires 7.5 prices from all market makers before
Slide 17: China's Loan Prime Rate (LPR)
China’s Loan Prime Rate (LPR) While the Fed tends to hold its ‘higher-for-longer’ policy rate stance, Chinese economy is seen to suffer from ‘slower-for-longer’ risk, opening room for early policy rate cuts. This has caused the interest rate spread to notably widen. China's Policy Rate vs. US Policy
Slide 18: US Economic Heatmap
US Economic Heatmap The US economy is showing clear signs of a slowdown. Combine the latest trends in labor-market data with the recent slowdown in inflation numbers and real sector indicators, investors are currently betting the Fed will opt for policy rate cuts in Sep-24 and Dec-24. Note: yoy = ye
Slide 19: US Inflation Rate
US Inflation Rate The progress of disinflation in the US continues despite gradually. Inflation related to energy prices and transportation services seems to be stubborn. 12 50 40 10 30 8 20 % YoY % YoY 6 10 3.7 4 3.4 0 3.3 Headline Inflation - lhs 2 Food Inflation - lhs -10 Core Inflation - lhs 2.1
Slide 20: US Labor Market & Real Sector
US Labor Market & Real Sector The most recent economic indicators suggest that US labor market has loosened, while the real sector still shows some resilience. 16 5,000 60 70 50 Average Weekly Initial Jobless Claims - rhs 4,500 51.60 14 60 Unemployment Rate - lhs 40 4,000 12 30 50 3,500 20 4.20 10 2
Slide 21: Jun-24 FOMC Meeting Projection
Jun-24 FOMC Meeting Projection • The Fed expects GDP growth to slow from last year’s pace, with a median projection of 2.1% this year and 2.0% over the next two years, unchanged from the Mar-24 projection. • Broad set of indicators suggests that labor market conditions have returned to about where t
Slide 22: CME FedWatch Tool – Meeting Probabilities
CME FedWatch Tool – Meeting Probabilities Market now expects that the first policy rate cut by 25bps will happen in Sep-24 and anticipates another 25bps cut in Dec-24. The Beginning of 2024: First cut in Mar-24, 150bps in total for 2024 End of 1Q24: First cut in Jun-24, 75bps in total for 2024 As of
Slide 23: Global Economic Outlook
Global Economic Outlook Indonesia’s economic resilience is expected to continue into 2024 GDP growth, % IMF World Bank ADB OECD Countries 2019 2020 2021 2022 2023 2024F 2025F 2024F 2025F 2024F 2025F 2024F 2025F World 2.8 -2.8 6.3 3.5 3.2 3.2 3.2 2.6 2.7 2.9 3.0 US 2.3 -2.8 5.9 2.2 2.5 2.7 1.9 2.5 1.
Slide 24: Indonesia's Economy Snapshot
Indonesia’s Economy Snapshot The economy was relatively resilient amid increasing global uncertainty. 1Q23: 5.04% YoY 2Q23: 5.17% YoY 3Q23: 4.94% YoY +2.51% (YoY) 4Q23: 5.04% YoY 1Q24: 5.11% YoY 1 2 Headline 3 -5.4% (YTD) USD/IDR (05-July-24) 6.25% (+25bps YTD) BI Rate Inflation (Jun-24) FY23: 5.05%
Slide 25: Indonesia's Policy Rate
Indonesia’s Policy Rate Bank Indonesia is expected to maintain BI-Rate until the end of 2024 due to higher global uncertainty regarding the global policy rate path (higher-for-longer) despite within-the-target inflation rate and relatively manageable CAD. Factors Influencing the Movement of BI-Rate
Slide 26: Indonesia's Demand-Side Inflation Rate
Indonesia’s Demand-Side Inflation Rate Food inflation (volatile price inflation) continued to ease in Jun-24, thanks to the harvest season leading to food supply increase. Both headline and core inflation in Jun-24 decreased, still within the target range of 1.5 – 3.5%. 20 10 Headline - rhs Core - l
Slide 27: Indonesia's Supply-Side Inflation
Indonesia’s Supply-Side Inflation The risk of inflation passthrough from supply-side to demand-side seems to be very low as PPI recorded a deflation in 1Q24 due to deflation in mining and quarrying sector, and WPI inflation eased in 2Q24 amid lower inflation in agriculture sector. CPI Inflation - lh
Slide 28: Indonesia's External Sector
% YoY % YoY -60 -40 -20 0 20 60 80 40 50 150 250 -100 0 100 300 200 -50 May-18 Jan-18 Mar-18 Jul-18 May-18 Sep-18 Jul-18 Nov-18 Sep-18 Jan-19 Nov-18 Mar-19 Jan-19 May-19 Mar-19 PT Bank Permata Tbk Jul-19 May-19 Coal Exports Sep-19 Jul-19 Sep-19 Nov-19 Nov-19 Jan-20 Jan-20 Mar-20 Mar-20 Export Growth
Slide 29: Indonesia's Macroeconomic Sensitivity Analysis
Indonesia’s Macroeconomic Sensitivity Analysis Indonesia’s economy is a small-open economy; hence it is relatively resilient to global economic risk. However, Indonesia is commodity-centric economy, making its performance tends to be determined by the movement of commodity prices. Country/ Impact on
Slide 30: Indonesia's State Budget Condition in 1H24
Indonesia’s State Budget Condition in 1H24 2024 Outlook Difference to 2023 Budget 2024 1H23 1H24 %of 2024 2024 Growth 2024 In Rp trillion Growth 2024 State Realization State Budget Realization Realization Outlook (%, vs 1H24) Outlook (%, vs 2023) Budget A Government Revenue 2,783.9 2,781.3 1,407.9 1
Slide 31: Why Deficit Target for 2024 Widened? (1)
Why Deficit Target for 2024 Widened? (1) First reason is shortfall in tax revenue expectation, particularly from commodity-related components. In the first half of 2024, commodity-related tax revenue contracted deeper than expected. Tax Realization Growth (%) Realization of Corporate Tax Income by S
Slide 32: Why Deficit Target for 2024 Widened? (2)
Why Deficit Target for 2024 Widened? (2) As global uncertainty remained high, government anticipated it through adding non-K/L expenditure for energy subsidy and compensation. The uncertainty in 1H24 came from ‘higher-for-longer’ sentiment and geopolitical uncertainty. Macroeconomic Assumptions Stat
Slide 33: 2025 State Budget
2025 State Budget: Free Nutritious Meal Program is Already Calculated within State Budget Macroeconomic Assumptions 2020 2021 2022 2023 2024 State Budget 2025 State Budget GDP Growth (% YoY) -2.1 3.7 5.3 5.05 5.2 5.1-5.5 Inflation (%YoY) 1.7 1.9 5.5 2.6 2.8 1.5-3.5 USD/IDR (average) 14,577 14,312 14
Slide 34: PIER's Economic & Market Forecast
PIER's Economic & Market Forecast 2019 2020 2021 2022 2023 2024F 2019 2020 2021 2022 2023 2024F National Account Commodity Price Real GDP (% YoY) 5.02 -2.07 3.70 5.31 5.05 5.07 141.8 117.5 Coal Price (USD/MT) 66.2 83.0 169.7 379.2 Real Consumption: Private (% YoY) 5.04 -2.63 2.02 4.93 4.82 4.93 CPO
Slide 35: First Half of 2024 Financial Performance
First Half of 2024 Financial Performance
Slide 36: Strong Revenue Structure and Sustainable Profit
Strong Revenue Structure and Sustainable Profit Total Revenue Profit After Tax – PAT (Rp trillion) (Rp trillion) 0.7% YOY 8.7% YOY 1.4 1.5 0.7 0.7 0.8 0.7 6.0 6.0 Total Revenue 0.4 Non-Interest Income 1.1 1.0 ↓10.2% YOY 2Q23 3Q23 4Q23 1Q24 2Q24 1H23 1H24 Pre-Provision Operating Profit 3.0 3.0 3.0 3.
Slide 37: Margin Remains Sound with More Efficient Business Process
Margin Remains Sound with More Efficient Business Process Net Interest Margin – NIM Return On Assets – ROA (%) (%) 13 bps YOY 14 bps YOY 4.5% 4.5% 4.5% 4.4% 1.7% 4.3% 1.5% 1.5% 1.6% 1.3% Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Loan to Deposit Ratio – LDR Cost to Income
Slide 38: Consistently Applying Balance Sheet Optimization
Consistently Applying Balance Sheet Optimization Total TotalRevenue Assets Total Deposits (Rp trillion) (Rp trillion) 2.8% YOY 3.4% YOY 185.5 188.3 191.8 Total Deposits 181.8 178.8 257.4 258.4 251.4 251.9 252.8 56.4% 55.9% 57.7% 56.3% 55.0% CASA Ratio (%) CASA 104.6 101.6 103.6 103.2 108.0 ↑3.2% YOY
Slide 39: Growing Loan Disbursement with Diversified Portfolio
Growing Loan Disbursement with Diversified Portfolio Total Loans Loans Composition (Rp trillion) (%) 10.2% YOY 151.4 Total Loans 142.2 147.8 137.4 138.9 0.8 0.8 Others 0.8 0.9 0.9 ↓1.2% YOY Conventio nal, 82.6% 79.1 86.2 88.1 Corporate As of 75.1 76.2 ↑17.3% YOY 30 Jun 2024 Sharia, 17.4% Consumer 42
Slide 40: Diversified Loan Portfolio in All Business Segments (1)
Diversified Loan Portfolio in All Business Segments (1) Corporate Loans Corporate Loans Composition (Rp trillion) (%) Continue to deepen the potential of ecosystem partnerships and develop the best solutions to meet customers’ financing needs Revolving 86.2 88.1 Loans, 76.2 79.1 2.7 30.7% 75.1 2.6 2
Slide 41: Diversified Loan Portfolio in All Business Segments (2)
Diversified Loan Portfolio in All Business Segments (2) Commercial Loans Commercial Loans Composition (Rp trillion) (%) Strengthen the potential of ecosystem partnerships and grow high quality credit Trade Loans & Revolving Loans, Dealer Financing, 35.3% 13.2% 18.9 18.8 19.3 18.3 19.2 As of 3.9 3.9
Slide 42: Diversified Loan Portfolio in All Business Segments (3)
Diversified Loan Portfolio in All Business Segments (3) Consumer Loans Consumer Loans Composition (Rp trillion) (%) Mortgage as the main driver of Consumer loan growth, focus on primary market and strengthen partnership with main developers Joint Financing, 42.6 43.1 42.9 42.4 43.2 8.2% 5.9 5.9 5.9
Slide 43: Loan Diversification in Various Industrial Sectors
Loan Diversification in Various Industrial Sectors Loan Based on Industry Sector Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Growth YoY Jun-24 Comp (Rp trillion) (%) (%) Personal Loan for Housing and Automotive 37.4 37.9 37.9 37.5 38.2 2.1% 25.2% Manufacturing 26.1 26.8 24.8 25.6 28.9 10.7% 19.1% Wholesale &
Slide 44: Credit Portfolio Quality Remains Sound with Prudent Provision Management
Credit Portfolio Quality Remains Sound with Prudent Provision Management Non-Performing Loan – Non-Performing Loan – Gross & Net NPL NPL Coverage Ratio 0.5% YOY (Gross NPL) Well Maintained Above >200% 337.9% Net NPL 303.7% 0.4% 0.4% 285.7% 288.4% 0.3% 0.3% 0.3% 272.3% 1.8% 1.8% 1.9% 1.3% 1.4% Cost o
Slide 45: Well Maintained LAR and LAR Coverage
Well Maintained LAR and LAR Coverage Loan At Risk – Loan At Risk – LAR (Rp trillion) LAR Coverage Ratio (%) 9.7% YOY 21.6% YOY 103.2% 99.5% 9.6% 9.4% 94.1% % LAR/Total Loan 8.7% 86.7% 8.2% 7.8% 81.6% 13.1 13.1 12.4 12.1 11.9 Total LAR 3.9 4.0 NPL 4.1 4.0 3.6 ↓7.9% YOY 4.6 5.1 Col. 2 4.6 4.7 5.0 ↑7.9
Slide 46: Third Party Funds (Deposits) Supported by CASA
Third Party Funds (Deposits) Supported by CASA Corporate Deposits Commercial Deposits (Rp trillion) (Rp trillion) 6.0% YOY 0.8% YOY 56.3 55.0 59.8 59.6 TD 51.0 17.7 18.3 21.6 14.8 19.9 ↑12.0% YOY 22.9 24.1 23.2 22.7 22.7 TD CASA 10.8 11.1 11.3 11.5 10.8 ↓0.6% YOY 38.5 39.7 36.7 38.2 36.2 ↑3.2% YOY 1
Slide 47: Maintaining Strong Capital with Liquidity Ratio Well Above Minimum Requirement
Maintaining Strong Capital with Liquidity Ratio Well Above Minimum Requirement Liquidity Coverage Ratio – LCR Return On Equity – ROE (%) (%) 4.1% YOY 18 bps YOY 359.7% 388.2% 349.6% 363.8% 335.6% 6.2% 6.6% 6.3% 6.1% 5.5% Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Net Stabl
Slide 48: Strong Capital to Support Future Growth
Strong Capital to Support Future Growth Capital & CET-1 Total Cash Dividend (Rp trillion) (Rp billion) 66.7% YOY CET-1 25 35.4 37.4 37.7 ↑0.8% YTD 15 904.5 As the Controlling Shareholder of Bank Permata, Bangkok Bank is Total Capital 542.7 committed to providing full support 47.1 49.1 50.3 ↑2.4% YTD
Slide 49: About Permatabank
~~ Cc oO OQ ie) _— i.e) = = ® a —_— =) eo) OQ <x
Slide 50: Board of Commissioners
Board of Commissioners Chartsiri Sophonpanich Chong Toh President Commissioner Commissioner Education Education • B.C.E. Worcester Polytechnic Institute, USA • B.A. in Philosophy, Politics & Economics Oxford University • M.C.E. Worcester Polytechnic Institute, USA • M.Sc. in Management Massachusetts
Slide 51: Board of Commissioners
Board of Commissioners Haryanto Sahari Goei Siauw Hong Independent Commissioner Independent Commissioner Education Education • B.E. in Accounting University of Indonesia • B.Eng. in Agronomy Institut Pertanian Bogor • MBA in Business/Finance and Marketing Indiana University, Experience Bloomington,
Slide 52: Board of Directors
Board of Directors Meliza Musa Rusli Abdy Dharma Salimin President Director Technology & Operation Director Education Education • B.Eng. University of Indonesia • B.Com. University of Toronto, Canada • MBA University of Melbourne, Australia Experience Experience • Global Technology Head for Retail B
Slide 53: Board of Directors
Board of Directors Dayan Sadikin Setiatno Budiman Human Resources Director Risk Director Education Education • Bachelor of Social Science University of Indonesia • B.C.E. Tarumanagara University • M.Com. University of New South Wales, Sydney, Australia • MBA Oklahoma City University Experience Exper
Slide 54: Executive Officers (Chiefs)
Executive Officers (Chiefs) Henry Widjaja Nithawadee Limpodom Chief of Commercial Banking Chief of International Business Education Development & Advisory • Bachelor of Economics, Widyatama University (Formerly Education STIEB), Bandung • Master of Business Administration degree from University of •
Slide 55: PermataBank At-a-Glance
PermataBank At-a-Glance Year Established Business Segment 1955 Consumer Banking Corporate Banking Total Employee Listed at IDX Commercial Banking > 7,000 1990 Product & Service Stock Code Conventional BNLI Sharia Shareholders Total Customer DSIB Bangkok Bank - 98.7% > 6.2 Million One of Domestic Pub
Slide 56: Top Indonesian Banks with National Banking Coverage
Top 10 Indonesian Banks with National Banking Coverage 20,000+ Channels 24 85 250 836 Province Presence Cities / Regions Network Offices ATMs Branch Network (Conventional & Sharia) East Java 24 Sumatera 28 Conventional 23 Conventional 23 Sharia 5 Sharia 1 Greater Jakarta 92 Sulawesi 6 Conventional 8
Slide 57: Synergies With Bangkok Bank
Synergies With Bangkok Bank Center of Excellence International Banking Strategy Transaction Banking Knowledge Sharing between Sharing capabilities and operational Bangkok Bank and PermataBank models to understand the transaction business at PermataBank and Bangkok Bank’s International Indonesia. Syn
Slide 58: Awards & Achievements
Awards & Achievements 7th Infobank Satisfaction, Loyalty, and Engagement Awards Asia- Pacific Stevie Awards 2024: Infobank Banking Service Excellence 2024 : 2024: • Innovation in Paid Media Planning & Management - PermataBank • TITANIUM TROPHY – 20 Consecutive Years in • Top 4th Rank KBMI 3 Bank in
Slide 59: 1H 2024 PermataHati Achievements
CORPORATE SOCIAL RESPONSIBILITY 1H 2024 PERMATAHATI ACHIEVEMENTS Since 2011, the Bank is committed to continuously contribute to community building 80 631 +8.1K +110.8K Strategic Partners Schools & Communities Student Scholarships Total Beneficiaries Online training and development programs Financia
Slide 60: Balance Sheet
Balance Sheet Jun-24 in Rp trillion Dec-20 Dec-21 Dec-22 Jun-23 Dec-23 Mar-24 Jun-24 YoY Cash 1.8 2.0 1.9 1.5 1.8 2.2 1.5 -1.0% Placement with Bank Indonesia 23.2 38.2 52.6 29.4 29.7 12.0 21.3 -27.7% Placement with Other Banks 3.7 9.0 4.8 6.5 5.3 11.1 10.0 55.2% Marketable Securities 46.6 56.4 55.1
Slide 61: Income Statement
Income Statement Jun-24 in Rp billion Dec-20 Dec-21 Dec-22 Jun-23 Dec-23 Mar-24 Jun-24 YoY Net Interest Income 6,809 7,975 9,122 4,928 9,996 2,490 4,994 1.3% Non-Interest Income 2,329 2,543 1,896 1,083 2,050 489 972 -10.2% Revenue 9,138 10,518 11,018 6,011 12,047 2,979 5,966 -0.7% Operating Expense
Slide 62: Financial Ratios
Financial Ratios Jun-24 Financial Ratios (in %) Dec-20 Dec-21 Dec-22 Jun-23 Dec-23 Mar-24 Jun-24 YoY (%) CET-1 ratio 26.9 26.7 25.7 29.7 29.5 28.3 26.6 -3.1 Total CAR 35.7 34.9 34.2 39.0 38.7 37.2 35.4 -3.5 Loan to Deposit Ratio (LDR) 78.7 69.0 68.9 73.3 74.8 82.0 78.2 4.9 CASA Ratio 51.2 54.0 58.
Slide 63: Stock Information
Stock Information Closing Price June 2023 – June 2024 IDX : BNLI 1,200 28-Mar-24, 975 800,000 IDX : BNLI Dec-22 Mar-23 Dec-23 Jun-24 27-Jun-23, 975 700,000 Price (Rp) 1,015 950 920 890 1,100 29-Sep-23, 925 PBV (x) 1.0 0.9 0.8 0.8 Closing Stock Price (in Rp/Share) 29-Dec-23, 920 28-Jun-24, 890 600,00
Slide 64: PT Bank Permata Tbk Investor Relations
PT Bank Permata Tbk Investor Relations Department World Trade Center II Jalan Jend. Sudirman Kav. 29-31 Jakarta 12920 - Indonesia Website: www.permatabank.com/id/tentang-kami/hubungan-investor Email: investor.relations@permatabank.co.id