Pt Bank Pembangunan Daerah Jawa Barat & Banten Tbk · IDX:BJBR
Pt Bank Pembangunan Daerah Jawa Barat & Banten Tbk — PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (bank bjb) — FY2013 Earnings Presentation
46 slides from Pt Bank Pembangunan Daerah Jawa Barat & Banten Tbk's earnings presentation, 2014
Slide 1: Bigger, Stronger, Better bank bjb - FY13 Analyst Meeting
Bigger, Stronger, Better bank bjb FY13 Analyst Meeting
Slide 2: Table of Content
Table of Content Pg. 5 Result Summary Pg. 10 Loans Breakdown Pg. 15 Deposit Breakdown Pg. 16 Asset Quality Pg. 19 Yield Analysis Pg. 23 Consumer Loans Performance Pg. 29 Strong Retail Funding & Number of Account Growth Pg. 32 Subsidiaries Performance Pg. 38 Company Profile 2
Slide 3: Macroeconomic
Macroeconomic Bank Indonesia Rate Increased 175 bps To 7.50% Consumer Confident Trends Remain Stable GDP Growth BI Rate Consumer Confidence Index 12 140 10 120 Index (points) 8 100 80 (%) 6 60 4 40 2 20 0 0 Source: Bloomberg Source: Bloomberg Higher Inflation on New Subsidized Fuel Price Global Infl
Slide 4: Banking Sector
Banking Sector Loans Growth Deposit Growth 40.0 35.0 As of Des‘13, banking sector data shows: 30.0 • Loans +21.6%YoY to Rp 3,292tr (Investment loans YoY Growth (%) 25.0 +34.95% YoY, working capital +20.43%, consumer 20.0 15.0 loans +13.67%) 10.0 • Deposit +13.6% YoY to Rp 3,663tr (CASA +11.69% 5.0 Y
Slide 5: Result Summary
Result Summary • Net Interest Income at Rp 4.8tr (+30.8% YoY/ +2.5% QoQ) Income • PPOP at Rp 2.2tr (+27.7% YoY/ -14.9% QoQ) Statement • LLP at Rp 616bn (+52.7% YoY/ +72.0% QoQ) • Net Income at Rp 1.37tr (+15.3% YoY/ -19.7% QoQ) • Total Loans at Rp 45.3tr (+28.1% YoY/ +2.8% QoQ) Balance • Total Finan
Slide 6: Target vs. Realization
Target vs. Realization (%) Target 1Q13 2Q13 3Q13 FY13 Loans Growth 25% - 28% 36.0 33.7 34.3 28.1 Deposit Growth 18% - 22% -5.1 10.6 7.3 -1.2 ROA (net) 1.8% - 2.0% 2.4 2.2 2.2 2.1 ROE (net) 20% - 22% 24.2 24.3 23.5 22.2 NIM 6.8% - 7.2% 8.2 8.2 8.0 8.0 Cost of Fund 5.0% - 5.5% 4.6 4.6 4.8 4.9 Cost to
Slide 7: Key Ratios (bank only)
Key Ratios (bank only) Key Ratios FY12 1Q13 2Q13 3Q13 FY13 Profitability ROA (net) 1.9 2.4 2.2 2.2 2.1 ROE (net) 21.3 24.2 24.3 23.5 22.2 Cost Ratios Cost to Income Ratio 56.5 55.0 54.7 55.6 56.1 Expenses Ratio 80.0 74.4 75.9 77.0 79.4 Yield Asset Yield 12.0 12.8 12.7 12.8 12.9 Cost of Fund 5.2 4.6
Slide 8: Income Statement
Income Statement Income Statement YoY FY12 FY13 (Rp bn) (%) Interest Income 6,796 8,133 19.7% Interest Expense (3,140) (3,351) 6.7% Net Interest Income 3,655 4,782 30.8% Fee Based Income 247 293 18.6% Operating Expense (2,164) (2,815) 30.1% Gain (Loss) on Financial Statement 15 (22) - PPOP 1,753 2,2
Slide 9: Balance Sheet
Balance Sheet Balance Sheet YoY FY12 1Q13 2Q13 3Q13 FY13 (Rp bn) (%) Cash 1,795 1,570 1,684 1,768 2,595 44.6% Current Account with 4,666 3,659 4,127 4,249 4,454 -4.5% Bank Indonesia Secondary Reserves 24,075 19,887 19,926 19,740 13,135 -45.4% Loans – net 34,769 37,198 41,046 43,154 44,289 17.6% Fina
Slide 10: Loans Breakdown (bank only)
Loans Breakdown (bank only) Consumer Micro Commercial Mortgage 50 Segment YoY FY ’12 FY ’13 (Rp bn) (%) 3.9 45 3.5 Consumer 22,626 28,857 27.5 % 2.9 40 2.3 7.0 Micro 4,545 5,353 17.8 % 1.7 7.0 35 6.5 1.2 0.9 5.8 5.3 Commercial 6,337 6,989 10.3 % 30 6.3 5.5 5.5 0.5 0.7 5.6 0.2 5.3 5.1 (Rp tr) 0.1 25
Slide 11: Consumer Loans
Consumer Loans Civil Servant Loans (LHS) Pensioner Loans (LHS) YoY NPL (RHS) Key Indicators FY ‘12 FY ’13 (%) 35 1.0 Loans Outstanding 22,626 28,857 27.5 % 0.9 30 1.74 Net Expansion 2.02 0.8 1.46 3,458 6,231 80.2 % (Rp bn) 25 1.11 0.7 0.80 Avg. Loans 0.60 0.63 Outstanding 65 84 28.6 % 0.6 20 0.56 (R
Slide 12: Micro Loans
Micro Loans KMU (LHS) Govt Program (LHS) YoY KCR (LHS) NPL (RHS) Key Ratios FY ‘12 FY ’13 (%) 6.0 12.0 Loans Outstanding 4,545 5,353 17.8 % 0.7 0.7 Net Expansion 5.0 0.7 10.0 1,570 808 -48.5% (Rp bn) 0.6 0.6 1.3 1.2 Avg. Loans 4.0 1.3 8.0 Outstanding 54 56 3.5 % 0.7 1.2 (Rp mn) 0.6 1.2 No of Account
Slide 13: Commercial Loans
Commercial Loans Working Capital (LHS) Investment (LHS) YoY Syndicated (LHS) NPL (RHS) Key Ratios FY ‘12 FY ’13 (%) 8.0 15.0 Loans Outstanding 6,337 6,989 10.3 % 14.0 7.0 13.0 1.0 1.0 12.0 Net Expansion 1,935 652 -66.3% (Rp bn) 6.0 0.8 0.9 11.0 0.8 1.3 10.0 0.7 1.5 Avg. Loans 5.0 1.0 0.8 1.3 9.0 Out
Slide 14: Mortgage Loans
Mortgage Loans Mortgage Loans (LHS) NPL (RHS) YoY 4,500 15.0 Key Ratios FY ‘12 FY ’13 (%) 14.0 4,000 3,911 Loans Outstanding 1,721 3,911 127.2 % 13.0 3,506 12.0 3,500 Net Expansion 11.0 1,268 2,189 72.6% (Rp bn) 3,000 2,916 10.0 9.0 Avg. Loans 2,500 Outstanding 260 279 7.6 % 2,287 (Rp bn) 8.0 (Rp mn
Slide 15: Deposit Breakdown (bank only)
Deposit Breakdown (bank only) Current Account Savings Account Time Deposit 60 Deposits YoY Breakdown FY ‘12 FY ’13 (%) (Rp bn) 50 Current Account 14,528 16,361 12.6 % Saving Account 8,699 11,777 35.4 % 40 27.0 26.6 18.6 28.5 24.3 Time Deposit 24,320 18,624 -23.4 % 32.4 30.0 22.6 (Rp tr) 30 TOTAL 47,
Slide 16: Asset Quality
Asset Quality Credit Provision (LHS) Absolute NPL (LHS) Gross NPL Coverage Ratio (RHS) YoY Write Off (%) FY ‘12 FY ’13 (%) (Rp bn) 1,400 180 (Bank only) 1,277 160 Consumer 0.13 0.12 -0.01 2 1,200 1,081 Micro 4.1 11.3 +7.2 195 140 1,017 1,000 962 Commercial 7.3 7.4 +0.1 73 896 120 Mortgage 2.8 3.0 +0
Slide 17: Special Mention Loans
Special Mention Loans Consumer (LHS) Micro (LHS) Commercial (LHS) Consumer Micro Commercial Mortgage Mortgage (LHS) % to Loans (RHS) 100% 1,800 4.5 1 2 2 2 5 4 7 9 294 347 7 14 16 90% 17 254 21 1,600 4.0 210 28 80% 1,400 3.5 42 Absolute Special Mention Loans (Rp bn) 46 46 32 19 54 28 19 Special Ment
Slide 18: Non Performing Loans
Non Performing Loans Consumer (LHS) Micro (LHS) Commercial (LHS) Consumer Micro Commercial Mortgage Mortgage (LHS) % to Loans (RHS) 100% 2 2 2 2 4 0 1 1,400 3.0 9 9 9 6 7 10 119 90% 1,200 2.5 80% 112 Absolute Net Performing Loans (Rp bn) 70% 59 40 Net Performing Loan/Total Loans (%) 1,000 87 63 53 4
Slide 19: Yield Analysis
Yield Analysis Asset Yield FY ‘12 FY ’13 Others Placement to 1% Bank Placement to Bank Indonesia 4.1 4.2 Indonesia Loans 8% 70% Interbank Interbank Placement 3.3 3.3 Placement 3% Securities 4.6 5.5 Loans Yield 17.7 16.4 Marketable Securities 18% Others 0.3 0.5 Savings Cost of Fund FY ‘12 FY ’13 Acco
Slide 20: Customer Based
Customer Based Strong Customer Based on Consumer Loans Fast Growing Retail Funding Consumer Micro Commercial Mortgage Government Corporate Retail 0.2 0.2 0.2 0.2 0.4 0.6 0.9 1.1 1.5 1.9 100% 100% 2.3 2.7 3.0 3.1 2.8 2.8 2.8 2.4 2.2 2.6 2.6 2.4 2.0 2.2 2.1 1.9 12.3 12.9 13.7 14.6 14.8 15.2 90% 90% 16
Slide 21: Capital Adequacy
Capital Adequacy Risk Weighted • Total CAR at 16.5% (-160bps YoY/ +8bps QoQ) FY ‘12 FY ’13 YoY (%) Asset (RWA) • Total tier-1 capital at Rp5.3tr (BUKU 3 category). Total RWA 25,244 32,351 28.2 % Credit Risk 19,512 24,933 27.8 % Addition to Net Impact Operational Risk 5,191 6,254 20.5 % Risk RWA/ CAR
Slide 22: Consumer Loan Details
EA bank bjb Consumer Loan Details
Slide 23: Consumer Loans Performance
Consumer Loans Performance • Overall Consumer Loans at 28.9 tr (+27.5% YoY/ +3.5% QoQ) • Net Expansion of +Rp6.2tr YoY/ +Rp985bn QoQ Growth • Consumer Loans portfolio contribution total loans at 64.0% ( -25bps YoY/ +43bps QoQ) • Overall NPL at 0.12 % (-1bps YoY/ 0bps QoQ) • Absolute NPL at Rp 33.7bn
Slide 24: Consumer Loans
Consumer Loans Civil Servant Loans (LHS) Pensioner Loans (LHS) Key YoY FY’12 FY ‘13 Indicators (%) NPL (RHS) 35 1.0 Loans Outstanding 22,626 28,857 27.5 % 0.9 30 Net Expansion 1.742.02 0.8 3,458 6,231 80.2% 1.46 (Rp bn) 25 1.11 0.7 0.80 Avg. Loans 0.600.63 Outstanding 65 84 28.6 % 0.6 (Rp mn) 20 0.5
Slide 25: Civil Servant Loans
Civil Servant Loans Civil Servant Loans (LHS) NPL (RHS) Key YoY Dec ’12 Dec ‘13 30 0.5 Indicators (%) 26.8 Loans Outstanding 21,829 26,839 23.0 % 25.3 25 26.1 0.4 Net Expansion 21.8 23.4 3,196 5,010 56.8% (Rp bn) 20.8 20 21.2 18.6 17.5 Avg. Loans 19.2 0.3 Outstanding 67 85 28.1 % 18.0 15.5 (Rp mn) (
Slide 26: Pensioner Loans
Pensioner Loans Pensioner Loans (LHS) NPL (RHS) Key YoY FY’12 FY‘13 2,500 1.5 Indicators (%) Loans 797 2,018 153.2 % Outstanding 1.3 2,018 2,000 Net Expansion 1.1 261 1,221 367.8% 1,743 (Rp bn) 1,464 0.9 Avg. Loans 1,500 Outstanding 44 71 61.9 % (Rp mn) (Rp bn) (%) 0.7 1,109 No of Account 18,295 28,
Slide 27: Special Mention Loans
Special Mention Loans Pensioner Loans (LHS) Civil Servant Loans (LHS) Civil Servant Loans Pensioner Loans Special Mention Loans (RHS) 100% 80 0.5 4.3 3.6 3.6 7.5 5.9 5.0 7.2 10.8 12.9 8.3 10.3 10.5 12.8 90% 70 80% 5.6 0.4 Special Mention Laons Contribution (%) 60 Absolute Special Mention Loans (Rp b
Slide 28: Non Performing Loans
Non Performing Loans Civil Servant Loans (LHS) Pensioner Loans (LHS) Civil Servant Loans (LHS) Pensioner Loans (LHS) NPL (RHS) 100% 2.7 2.3 2.3 2.1 2.3 2.6 2.9 4.5 4.1 4.1 3.9 5.2 40 0.5 7.2 90% 35 80% 2.4 0.4 30 1.6 1.3 70% 1.2 1.1 1.2 NPL Contribution (%) 60% 91.5 96.7 Absolute NPL (Rp bn) 25 0.3
Slide 29: Strong Retail Funding & Number of Account Growth
Strong Retail Funding & Number of Account Growth 29
Slide 30: Saving Accounts & NoA Growth on Retail Funding
Saving Accounts & NoA Growth on Retail Funding Time Deposit Savings Account YoY Key Ratios FY’12 FY’13 Current Account No of Accounts (%) 16 5.0 Total Outstanding 11,517 14,671 27.4 % 4.6 0.5 4.5 Funding Contribution 14 24.2 31.4 7.2 (%) 4.0 3.7 Net Expansion 2,177 3,154 44.8 % 12 0.4 0.3 0.5 0.4 3.
Slide 31: Good Cooperation With The Government
Good Cooperation With The Government Retail Savings at the end of December 2013 amounted to Rp10,1 trillion, increased Rp3.0 trillion (YoY) due to the savings strategy undertaken included cooperation with Government in raising deposits such as : Cooperation with the Ministry of Education and Cultu
Slide 32: Sharia Business Performance
Sharia Business Performance FY13 bank bjb Sharia 32
Slide 33: Result Summary
Result Summary • Net Financing Income at Rp 265bn (+26.9% YoY) Income • Operating Expenses at Rp 232bn (-4.8% YoY) Statement • Net Income at Rp 28bn (+255.8% YoY) • Total Financing at Rp 3.6tr (+21.5% YoY) Balance • Total Deposit at Rp 3.1tr (+5.0% YoY) Sheet • Total Asset at Rp 4.7tr (+10.7% YoY) •
Slide 34: Key Ratios
Key Ratios Key Ratios (%) FY ‘12 FY ’13 YoY CAR 21.1 18.0 -3.1 NPF Gross 4.5 1.9 -2.6 NPF Nett 1.0 1.2 +0.2 ROA -0.6 0.9 +1.5 ROE -3.3 4.7 +8.0 NOM 7.4 6.6 -0.8 Expense Ratio (BoPo) 110.3 85.8 -24.5 FDR 88.0 97.4 +9.4 34
Slide 35: Income Statement
Income Statement Income Statement YoY FY ‘12 FY ’13 (Rp mn) (%) Financing Income 358,614 508,023 41.7% Financing Expense (150,124) (243,452) 62.2% Net Financing Income 208,490 264,571 26.9% Other Operating Income 12,308 8,608 -30.1% Operating Expense (243,622) (232,041) -4.8% Operating Income (22,82
Slide 36: Balance Sheet
Balance Sheet Balance Sheet Highlight YoY FY ‘12 FY ’13 (Rp mn) (%) Cash 21,343 26,882 26.0% Current Account with Bank Indonesia 142,262 129,494 -9.0% Secondary Reserves 1,047,756 771,749 -26.3% Financing-net 2,833,959 3,531,665 24.6% Fixed Asset-net 141,149 160,886 14.0% Other Asset 52,980 74,413 4
Slide 37: Sharia Performance
Sharia Performance Total Financing Total Funding Financing YoY FY ‘12 FY ’13 (Rp mn) (%) 4.0 3.6 Murabahah – (Trading) 1,371,920 2,144,893 56.3% 3.53.7 3.5 3.6 Ijarah 13,795 6,486 -53.0% 3.4 3.1 3.1 3.0 Financing 1,095,839 1,278,849 16.7% 3.0 3.1 3.0 Qardh – (Bridging) 470,770 157,914 -66.5% 2.5 Ist
Slide 38: Company Profile
EA bank bjb Company Profile bank bjb
Slide 39: Ownership
Ownership West Java Provincial Government Ownership Structure FY12 FY13 West Java Municipal Government Banten Provincial Government Founder (A Series) 75.00 75.00 Banten Municipal Government West Java Provincial Government 38,26 38,26 Public (B Series) West Java Municipal 23,61 23,61 Governments Ban
Slide 40: Road Map
Road Map A Strong Sustainable Growth and Profitable National Bank 2011-2012 2013-2014 2015 Building/Establishment Leading in Service A National Bank New Infrastructures As One of the Big Banks Leading in Service and Performance Strategy Strategy Strategy Developing HR Competence, IT Infrastructure,
Slide 41: Distribution Network
Distribution Network Total bjb Others employees Deposits 2.0 Tr 6,404 Loans 1.9 Tr Total bjb Micro Loans 250.5 bn customers Profit 13.7 bn 5,022,071 51,885 Customers 12 Branch Offices 12 Sub Branch Offices 4 Cash Offices 77 ATM Unit 25 Waroeng bjb 397 Employees Jakarta Deposits 6.4 Tr Loans 4.6 Tr M
Slide 42: Branch Network Details
Branch Network Details No bjb Network FY ‘12 FY ’13 YoY 1 Branch 56 62 6 2 Sub Branch 228 304 76 3 Cash Offices 140 266 126 4 Payment Point 101 107 6 5 ATM 743 1,139 396 6 Waroeng bjb (A,B & C) 207 510 303 7 Layanan bjb Precious 11 11 - 8 MSME Center 6 6 - 9 Mobile Cash 7 11 4 10 Weekend Banking 12
Slide 43: Human Capital
Human Capital Level FY ‘12 FY ’13 YoY Educational Breakdown Up to High School Up to Bachelor Degree Board of Commissioners 6 5 -1 Masters and Doctorate Directors 6 4 -2 Up to Top Management 28 35 7 Bachelor Degree Middle Management 206 211 5 95.6% Masters and First Line Management 1,237 1,447 210 Do
Slide 44: 2013 Awards
2013 Awards Indonesia Banking Awards – Indonesian Bank Loyalty Award – Corruption Eradication Commission Awards– Best Performance Banking 2013 for Bank The Best of Indonesian Bank Loyalty Champion Most Reported Gratification 2013 Category BUKU III Jamsostek Regional Strategic Partner Awards Infobank
Slide 45: Share Price Performance
Share Price Performance Volume (RHS) Price (LHS) Investor Relations Group 1600 250 Menara bank bjb 7th Floor Jl. Naripan 12 – 14 1500 Bandung 40111 +6222 4234868 ext 7140/7141 1400 200 ir@bankbjb.co.id 1300 Contact Person: Muhammad As’adi Budiman Group Head 1200 150 mbudiman@bankbjb.co.id Million Sh
Slide 46: Jl. Naripan 12 – 14
Menara bank bjb Jl. Naripan 12 – 14 7th Floor Bandung 40111 Telp. +6222 4234868