Pt Bfi Finance Indonesia Tbk · IDX:BFIN

Pt Bfi Finance Indonesia Tbk — 9M23 Earnings Presentation

13 slides from Pt Bfi Finance Indonesia Tbk's earnings presentation, Oct 26, 2023

  1. Slide 1: Investor Presentation

    INVESTOR PRESENTATION PT BFI FINANCE INDONESIA TBK 26 October 2023

  2. Slide 2: Key Financial Highlights

    Key Financial Highlights • YTD 9M23 bookings was Rp14,455 bil – an increase of 5.3% YoY Growth • Total Managed Receivables increased by 19.3% YoY to Rp21,917 bil • NPF ratio of 2.02% in Sep-23, 7 bps higher QoQ and 93 bps YoY • NPF coverage down to 2.2x, from 2.3x QoQ, and 4.2x YoY Asset Quality • C

  3. Slide 3: Balance Sheet Highlights

    Balance Sheet Highlights Receivables Grew 19% YoY Amid Operational Disruptions In Rp bil * 9M23 9M22 YoY ∆ Comments 3Q23 2Q23 QoQ ∆ (unless otherwise stated) New Bookings** 14,455 13,727  5.3% 4,155 3,983  4.3% Quarterly receivables contraction Managed Receivables^ 21,917 18,372  19.3% 21,917 22,

  4. Slide 4: Balance Sheet Highlights: Quarterly Bookings Trend

    Balance Sheet Highlights Internal Tightening Policy Resulting in Slower Pace of Quarterly Bookings Quarterly Bookings (excl Pinjam Modal) Trend (2019-2023) 6,354 6,317 5,198 4,581 4,425 4,185 4,043 4,104 3,983 4,155 3,780 3,895 3,350 3,137 3,196 2,921 2,166 1,333 57 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q2

  5. Slide 5: Product Breakdown

    Product Breakdown Despite Current Slowdown in Bookings, Non Dealer Product Continues to be Long Term Focus and Strategy Breakdown of Bookings (excl Pinjam Modal) Breakdown of Receivables (incl Pinjam Modal) 9M22 vs 9M23 9M22 vs 9M23 2% 2% 3% 1% 2% 2% 3% 3% 11% 4% 13% 3% 13% 14% 17% 13% 11% 9% 58% 58

  6. Slide 6: Profit & Loss Highlights

    Profit & Loss Highlights Profitability Impacted by Higher Cost of Credit In Rp bil * 9M23 9M22 YoY ∆ Comments 3Q23 2Q23 QoQ ∆ (unless otherwise stated) Interest Income 3,309 2,544  30.1% 1,080 1,128  4.3% Bond issuance to support Financing Cost 720 441  63.2% 255 252  1.5% business growth, CoF d

  7. Slide 7: Key Ratios

    Key Ratios Higher NPF and CoC a Result of Operational Disruptions In Rp bil * 9M23 9M22 YoY ∆ Comments 3Q23 2Q23 QoQ ∆ (unless otherwise stated) Net Interest Spread 12.7% 13.6%  86 bps 12.0% 12.7%  69 bps Cost to Income 43.0% 45.9%  292 bps 43.3% 43.7%  34 bps CoC / Avg. Rec. 4.5% 0.8%  367 bps

  8. Slide 8: Superior Balance Sheet Quality

    Superior Balance Sheet Quality Uptick in NPF impact of operational disruptions in 2Q23 NPF Trend Write-Off Trend 2018-9M23 2018-9M23 4.5% 5.0% 4.0% 4.5% 4.1% 4.0% 3.5% 4.0% 3.5% 3.5% 3.0% 3.0% 2.5% 2.4% 2.0% 2.5% 2.8% 2.7% 2.0% 1.7% 2.0% 1.8% 2.0% 2.3% 1.5% 1.2% 1.3% 1.0% 1.5% 0.9% 1.5% 1.5% 1.0% 1.

  9. Slide 9: Strong Capital Base

    Strong Capital Base Funding Sources are Well-Diversified, with High Equity Levels Resulting in Low Leverage Source of Funding External Funding Sources 2018-9M23 9M23 JF 3% 6,204 6,080 6,606 8,756 9,412 7,429 684 726 Borrowings IDR 441 258 103 Bonds & MTN 51% 1,581 5,196 3,758 45 33% 4,718 2,979 2,48

  10. Slide 10: Historical Financials

    Historical Financials Proven Track Record with Ability to Withstand Economic Cycles Bookings vs Receivables (Rp bil) 2018-9M23 14,455 • Maintains YoY growth 13,149 20,081 13,727 momentum in spite of 16,372 15,896 7,599 blip in bookings in 3Q23 18,343 18,509 13,947 14,571 20,498 18,372 21,917 2018 20

  11. Slide 11: Historical Financials

    Historical Financials Proven Track Record – Consistently Outperforming the Industry PAT (Rp bil) Track Record ROA vs Industry ROE vs Industry 2018-9M23 2018-9M23 2018-9M23 1,807 26.4% 12.2% 1,468 21.9% 10.3% 1,131 1,176 8.0% 17.1% 16.2% 9.6% 5.7% 13.9% 14.3% 14.4% 15.0% 5.8% 5.7% 712 11.4% 11.2% 11.

  12. Slide 12: Distribution Network

    Distribution Network Multichannel Selling Strategy with Extensive Branch and Non-Branch Touchpoints Across the Archipelago Over 2,000 Productive Agents & 226 Outlets* Kalimantan Sumatera 11% 25 outlets 18% 40 outlets Sulawesi and East 48 outlets 21% Java & Bali 50% 113 outlets * Consists of 195 bran

  13. Slide 13: Thank You

    BEI FINANCE Thank You BFI Finance berizin dan diawasi oleh Otoritas Jasa Keuangan #SelaluAdaJalan

PT BFI Finance Indonesia — 9M23 Earnings Presentation on 6ix