PT BFI Finance Indonesia Tbk · IDX:BFIN

PT BFI Finance Indonesia Tbk — 9M22 Earnings Presentation

14 slides from PT BFI Finance Indonesia Tbk's earnings presentation, Oct 27, 2022

  1. Slide 1: 9M22 Results

    PT BFI Finance Indonesia Tbk 9M22 Results 27 October 2022

  2. Slide 2: Key Highlights

    Key Highlights • YTD 9M:22 booking was Rp13,727 bn*, 17.5% QoQ increase, and 48.3% YoY. Our highest quarterly booking yet – Rp5,198 bn in Growth • 3Q22 Total managed receivables increase of 9.4% QoQ and 33.6% to Rp18,372 bn YoY, while net receivables increase 9.9% QoQ and 36.8% YoY to Rp17,523 bn •

  3. Slide 3: Balance Sheet Highlights

    Balance Sheet Highlights In Rp bil * 9M22 9M21 YoYD Comments 3Q22 2Q22 QoQD (unless otherwise stated) New Bookings** 13,727 9,254  48.3% Highest quarterly bookings 5,198 4,425  17.5% Managed Receivables^ 18,372 13,748  33.6% 18,372 16,796  9.4% Total Net Receivables 17,523 12,811  36.8% Growth

  4. Slide 4: Product Breakdown

    Product Breakdown Breakdown of Bookings Breakdown of Receivables 9M21 vs 9M22 9M21 vs 9M22 100% 100% 90% 90% 80% 15% 80% 17% 9% 11% 70% 70% 60% 60% 50% 50% 40% 40% 63% 58% 65% 60% 30% 30% 20% 20% 10% 10% 0% 0% 9M21 9M22 9M21 9M22 Dealer New 4W Dealer Used 4W Non Dealer 4W Non Dealer 2W Dealer New 4W

  5. Slide 5: Financial Highlights

    Financial Highlights Quarterly Booking (2019-2022) 5,198 4,581 4,425 4,185 4,104 4,043 3,780 3,895 3,350 3,137 3,196 2,921 2,166 1,333 57 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 37% 43% 20% Agents Repeat Other New Booking Excluding Channeling Pinjam Modal Ne w book

  6. Slide 6: BFI's today: Coming out of the pandemic stronger

    BFI’s today: Coming out of the pandemic stronger Covid-19 Pandemic 35.5% 33.1% 25.8% 26.5% Restructured Loans 20.2% 14.8% % of total ENR 10.2% 6.9% 4.5% 2.9% 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 3.7% 2.7% 2.3% 2.1% NPL 1.7% 2.0% 1.3% 1.4% 1.3% % 1.1% 0.9% 1.1% 1

  7. Slide 7: Profit & Loss Highlights

    Profit & Loss Highlights In Rp bil * (unless otherwise 9M22 9M21 YoYD Comments 3Q22 2Q22 QoQD stated) Due to higher receivables Interest Income 2,544 2,056  23.8% 912 848  7.5% balance Higher borrowings to support Financing Cost 441 436  1.2% business growth, yet, COF 158 146  8.1% decreased by

  8. Slide 8: Key Ratios

    Key Ratios In Rp bil * (unless otherwise 9M22 9M21 YoYD Comments 3Q22 2Q22 QoQD stated) Net Interest Spread 13.6% 11.3%  228 bps Improvement in both yield and CoF 13.9% 13.7%  18 bps Cost to Income 45.9% 49.7%  374 bps 46.0% 46.4%  39 bps CoC / Avg. Rec. 0.8% 1.7%  96 bps CoC decreased by 46.4%

  9. Slide 9: Historical Financials

    Historical Financials CAGR Bookings vs Receivables Growth (2017-9M22) 20,000 B: -2.1% R: -2.2% 15,000 16,372 13,727 15,896 • Consistently outpacing 14,341 industry growth even through 13,149 Rpbil 10,000 9,254 the pandemic • Higher receivables in 9M22 due to growth in new 7,599 5,000 booking 15,936

  10. Slide 10: Consistently Outperforming Industry

    Consistently Outperforming Industry PAT Growth 14.0% ROA vs Industry ROE vs Industry 1,600 CAGR ‘17-’21 -1.2% 12.0% 30.0% 1,400 1,468 12.4% 1,310 25.0% 1,200 10.0% 25.9% 26.4% 1,188 10.3% 10.3% 1,131 9.6% 1,000 20.0% 8.0% 3.9% Rpbil 21.7% 800 6.0% 5.4% 15.0% 16.2% 712 702 5.8% 600 13.9% 14.3% 5.0% 1

  11. Slide 11: Rigorous Risk Management

    Rigorous Risk Management NPF and Write off Continues to Improve, with Excess Provisioning NPF Trend (2017-9M22) Write-Offs (2017-9M22) 5.0% 4.5% 4.5% 4.1% 4.0% 4.0% 4.0% 3.5% 3.5% 3.0% 3.0% 2.4% 2.5% 2.8% 2.5% 2.0% 2.0% 1.7% 1.9% 2.0% 2.3% 1.6% 1.5% 1.3% 1.2% 1.1% 1.5% 1.0% 1.5% 1.5% 0.9% 1.0% 1.0%

  12. Slide 12: Strong Capital Base

    Strong Capital Base Diversified Funding Sources with Strong Capital Base Source of Funding (2017-9M22) External Funding Sources 100% 90% JF 4,904 6,204 6,080 Bonds & 0.1% 80% 6,606 8,597 16% MTN 7,429 70% 15.4% 524 684 726 60% 7 84% Borrowings 3,909 3,758 258 50% 5,196 45 1,581 USD 36% 15.8% 2,979 4

  13. Slide 13: Distribution Network (Sep-2022)

    Distribution Network (Sep-2022) Network Optimization Strategy in line with Business Focus and Growth Strategy Outlets Managed Receivables Bookings Kalimantan (28) Kalimantan Kalimantan 12% 13% 13% Sulawesi/East Sulawesi/East Indonesia Sulawesi/East Indonesia (49) 14% Indonesia 20% Rp 18,372 bn Java

  14. Slide 14: Thank You

    FI E #SelaluAdaJalan S > =< = cS a om —

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