Pt Bank Permata Tbk Class A · IDX:BNLI
Pt Bank Permata Tbk Class A — 9M 2023 Earnings Presentation
55 slides from Pt Bank Permata Tbk Class A's earnings presentation, 2023
Slide 1: PT Bank Permata Tbk Public Expose 9M 2023 Presentation
PT Bank Permata Tbk PUBLIC EXPOSE 9M 2023 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 29 | 9M 2023 – Financial Results 04 | Recent Global & Domestic Economic 30 Strong Revenue Structure and Sustainable Profit 31 Margin Improvement and More Efficient Business Processes Development 32 Total Assets & Third-Party Funds Grows Positively 05 Global Macro En
Slide 4: Recent Global & Domestic Economic Development
Recent Global & Domestic Economic Development
Slide 5: Global Macro Environment – G20 Economic Growth
Global Macro Environment – G20 Economic Growth Latest G20 countries' economic growth performance tend to decelerate, as the inflation and high policy rate in many countries started to impact economic grow G-20 Countries Economic Growth YOY (%) 4Q22 1Q23 2Q23 3Q23 7.8 8.0 6.3 6.1 4.5 4.9 4.5 4.0 3.4
Slide 6: Global Macro Environment – G20 Countries Inflation
Global Macro Environment – G20 Countries Inflation Global inflation continues to decelerate on the back of declining commodity prices and tight monetary policy. Even though it tends to be easing, inflation remains relatively high and far from the monetary policy target Inflation in Various Countries
Slide 7: Global Macro Environment – FOMC Results and The Fed Policy Guidance
Global Macro Environment – FOMC Results and The Fed Policy Guidance The Fed maintained FFR at 5.50% in November 2023 FOMC. Fed revised up the projection of GDP, projecting soft-landing in 2024 Median Variable (%) 2023 2024 2025 2026 Longer Run Change in Real GDP 2.1 1.5 1.8 1.8 1.8 June Projection 1
Slide 8: Global Macro Environment - Economic Outlook
Global Macro Environment - Economic Outlook In the latest report, IMF predicts global economic growth will be lower in 2024. However, Indonesia’s economic resilience is expected to continue into 2024 IMF World Bank ADB OECD GDP Growth by 2019 2020 2021 2022 Countries (%) 2023F 2024F 2023F 2024F 2023
Slide 9: Global Macro Environment – Emerging Markets
Global Macro Environment – Emerging Markets Hawkish sentiment from the Fed in the start of 4Q23 pushed up risk off sentiment from the emerging market, including Indonesia, and weaken the Rupiah. Country Date Daily WTD MTD QTD YTD Daily Changes WTW MTD YTD Equity ($mn) Major Currencies 06-Nov-23 Asia
Slide 10: Global Macro Environment – Indonesia Export
Global Macro Environment – Indonesia Export Economic deceleration in Indonesia’s several main export destinations decreased Indonesia’s export. Share (%) Value Growth Volume Growth Product 2022 2022 9M23 2022 9M23 Mineral fuels, mineral oils and products of their distillation; bituminous substances;
Slide 11: Global Macro Environment – Consumer Price Index
Global Macro Environment – Consumer Price Index El Nino pushed up the global food prices and transmitted to the domestic food inflation. Volatile food inflation is picking up in October 2023. Core AP Volatile Headline Changes in Consumer Price Index 2018 Base Year (percent) 14 M-o-M Y-on-Y Aug- Sep-
Slide 12: Domestic Economy Performance – GDP by Expenditure
Domestic Economy Performance – GDP by Expenditure 2Q23 GDP Growth Rose, Supported by Consumption Growth Indonesia’s Economic Growth Performance by Expenditure YOY (%) GDP HH Consumption Govt. Expenditure 10 10 20.0 4.94 5.06 5 5 10.0 0 0 0.0 -5 -5 -10.0 -3.76 -10 -10 -20.0 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1
Slide 13: Domestic Economy Performance – Sectoral GDP Growth
Domestic Economy Performance – Sectoral GDP Growth Most economic sectors posted faster growth in 2Q23. Transportation and Accommodation and Restaurant sectors’ sectors posted the highest growth Indonesia’s Economic Growth by Sector The Highest Growth in 2Q23 Growth (%) Share to GDP (%) Sector 2023 2
Slide 14: Domestic Economy Performance – Sensitivity Analysis
Domestic Economy Performance – 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. Impact on Ind
Slide 15: Domestic Economy Performance – Economic Forecast
Domestic Economy Performance – Economic Forecast Projection Macro Economic 2023 2024 Indicators FY 2022 FY 2023 FY2024 FY2025 FY2026 FY2027 Q1 (A) Q2 (A) Q3 (P) Q4 (P) Q1 (P) Q2 (P) Q3 (P) Q4 (P) GDP growth (%) 5.31 5.03 5.17 5.01 5.06 5.07 5.12 5.11 5.07 5.07 5.09 5.12 5.22 5.34 Inflation (% YoY) 5
Slide 16: Domestic Economy Performance – Sectoral Economy Projections
Agriculture, Forestry and 2.25% 1.51% Fisheries 1.50% 4.38% Mining & Quarrying 4.80% PT Bank Permata Tbk 2.32% 4.89% Manufacturing Industry 4.85% 4.90% 6.61% Electricity & Gas Supply 4.19% 5.50% Water Supply, Sewerage, Waste 3.23% 4.92% & Recycling Management 4.62% 2.01% Construction 2.95% 5.59% Who
Slide 17: Management Highlights
\ Permata Bank Management Highlights
Slide 18: PermataBank At-a-Glance
PermataBank At-a-Glance Business Segment Year Established Retail Banking Total Employee 1955 Wholesale Banking > 7,000 Product & Service Conventional Sharia Listed at IDX Shareholders Total Customer 1990 Bangkok Bank - 98.7% > 6.2 Million Public - 1.3% Stock Code BNLI Total Asset Corporate Rating Rp
Slide 19: Top 10 Indonesian Banks with National Banking Coverage
Top 10 Indonesian Banks with National Banking Coverage 232 20,000+ 61 830 Network Indomaret Model Branch Offices Cities ATMs Offices* Channels Sumatera 24 Batam 3 Kalimantan 13 Sulawesi 7 Conventional 19 Conventional 3 Conventional 10 Conventional 6 Sharia 5 Sharia 3 Sharia 1 Sudirman Podomoro Surab
Slide 20: Vision, Mission, Strategic Priority & Enabler
Vision, Mission, Strategic Priority & Enabler VISION MISSION • 1 Serving as an efficient financial institution and agent of development for our customers and the people To be the Bank of Choice, nurturing relationship and creating value for our stakeholders 2 • Offering universal financial services
Slide 21: Board of Commissioners
Board of Commissioners Chartsiri Sophonpanich Chong Toh Niramarn Laisathit Chalit Tayjasanant President Commissioner Commissioner Commissioner Commissioner Haryanto Sahari Goei Siauw Hong Yap Tjay Soen Riswinandi* Independent Commissioner Independent Commissioner Independent Commissioner Independent
Slide 22: Board of Directors
Board of Directors Meliza Musa Rusli Abdy Dharma Salimin Dhien Tjahajani Herwin Bustaman President Director Technology & Operation Director Legal & Compliance Director Sharia Business Unit Director Acting Wholesale Banking Director Djumariah Tenteram Dayan Sadikin Setiatno Budiman Rudy Basyir Ahmad*
Slide 23: Journey with Bangkok Bank
Journey with Bangkok Bank May 2020 October 2020 December 2020 July 2021 2022 - Next Bangkok Bank PLC Bangkok Bank The Bangkok Bank Bangkok Bank fully Synergize and completed the completed the Indonesia branch is participates in the Rights collaborate to build acquisition of Mandatory Tender integrat
Slide 24: Synergies With Bangkok Bank
Synergies With Bangkok Bank Center of Excellence Transaction Banking BBL’s International Network Strategy Transaction Banking & PermataBank’s Network Sharing capabilities and operational Office Service models to understand the transaction business at PermataBank and Competency Synergy Support Indone
Slide 25: 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. Establish Sustainability Ongoing Sustainable Controlling Committee and Department Projects Shareholde
Slide 26: Awards & Achievements
Awards & Achievements Most Innovative Conventional Bank for Optimizing The Best HR Management for The Outstanding The Use of Technology on Business Process - Support in Enhance the Employee Experience - 12th Infobank Digital Brand Recognition 2023 Indonesia Digital Innovations Awards 2023 (Warta Ind
Slide 27: Awards & Achievements
Awards & Achievements 2023 Asia-Pacific Gold Category The 14th IICD CG Stevie Awards Award for Innovation in Corporate Websites: 17,843 - PermataStore – One Stop Solution for Conference and Award 2023 Banking Products • The Best Disclosure and Transparency - Big Cap Listed Silver Category Company Aw
Slide 28: Corporate Social Responsibility
Corporate Social Responsibility Since 2011 and Continuing to Contribute to Community Building 80 580 +7K +82K Strategic Partners Schools & Communities Student Scholarships Total Beneficiaries 2,700 Students 1.000 Students 4,900 Beneficiaries +44k Students with Disabilities PT Bank Permata Tbk 9M2023
Slide 29: 9M 2023 Financial Results
——“— 9M 2023 Financial Results
Slide 30: Strong Revenue Structure and Sustainable Profit
Strong Revenue Structure and Sustainable Profit Total Revenue Profit After Tax – PAT (Rp trillion) (Rp trillion) 11.6% YOY 4.6% YOY 1.0 Sharia Business 0.9 Revenue 2.2 2.1 ↑ 3.6% YOY 0.2 Sharia Business 0.3 Sharia Business PAT 9.0 Total Revenue PAT ↑ 41.4% YOY 8.1 Non-Interest Sep-22 Sep-23 1.6 Inco
Slide 31: Margin Improvement and More Efficient Business Processes
Margin Improvement and More Efficient Business Processes Net Interest Margin – NIM Return On Assets – ROA (%) (%) 24 bps YOY 0.1% YOY 4.6% 1.6% 1.6% 1.5% 1.5% 4.5% 4.5% 1.1% 4.3% 4.2% Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Loan to Deposit Ratio – LDR Cost to Income Rat
Slide 32: Total Assets & Third-Party Funds Grow Positively
Total Assets & Third-Party Funds Grow Positively Total Assets Total Deposits (Rp trillion) (Rp trillion) 14.3% YOY 12.6% YOY Sharia Asset Sharia Deposit 250.0 26.5 31.6 37.5 ↑18.8% YOY 22.4 ↑18.5% YOY 200.0 181.8 161.5 251.9 101.6 150.0 95.9 CASA 55.9% 100.0 59.3% ↑6.0% YOY 220.5 50.0 Time Deposit 6
Slide 33: Positive Loan Growth with Diversified Portfolio
Positive Loan Growth with Diversified Portfolio Total Loans Wholesales Banking – WB (Rp trillion) Loan Composition 2.4% YOY Commercial 22.6 16% 18.7 Sharia Financing ↑ 20.8% YOY As of 30 Sep 2023 Corporate 138.9 84% 135.7 0.9 Others 0.8 ↑ 5.2% YOY Retail Banking – RB Wholesale Banking (WB) Loan Comp
Slide 34: Loan Quality Improved with Prudent Provision
Loan Quality Improved with Prudent Provision Gross and Net Non-Performing Non-Performing Loan – NPL Loan – NPL Coverage Ratio 20 bps YOY (Gross NPL) Well Maintained Above >200% 285.7% 0.5% 238.3% Net NPL 0.3% 1.8% 1.0% Gross NPL 3.1% 2.9% Sep-22 Sep-23 Sep-22 Sep-23 Source : Published report, ratios
Slide 35: Well Maintained LAR and LAR Coverage
Well Maintained LAR and LAR Coverage Loan At Risk – LAR Loan At Risk – LAR Coverage Ratio (Rp trillion) 18.2% YOY 24.9% YOY 11.8% 9.5% 86.7% 16.0 13.1 Total LAR 61.9% 4.2 NPL 4.0 5.4 ↓4.2% YOY Col. 2 5.1 ↓ 5.8% YOY 6.5 4.1 Col. 1 Restructured ↓37.5% YOY Sep-22 Sep-23 Sep-22 Sep-23 Source : Published
Slide 36: COVID-19 Restructured Loan Continues Declining
COVID-19 Restructured Loan Continues Declining Restructured Loan due to Covid-19 Restructured Loan due to Covid-19 (Rp trillion) (by Segment) 35.5% YOY SME 8.3 8% 22% Wholesale 5.4 Banking Total (WB) Loan Restructured 6.1% due to COVID-19 3.9% Retail As of 30 Sep 2023: Banking Rp5.4 trillion (RB) 70
Slide 37: Third Party Funds Supported by CASA Growth
Third Party Funds Supported by CASA Growth Wholesale Banking – WB Funds Deposit by Business (Rp trillion) 19.4% YOY Sharia WB Funds WB, 35% 10.1 6.1 ↑65.5% YOY 63.7 TD As of 53.3 30 Sep 2023 17.1 20.3 ↑18.5% YOY RB, 65% CASA 43.4 36.2 ↑19.9% YOY Sep-22 Sep-23 Retail Banking – RB Funds (Rp trillion)
Slide 38: Maintaining Our Strength in Capital Management
Maintaining Our Strength in Capital Management Total Capital Return On Equity – ROE (Rp trillion) (%) 3.4% YOY 0.5% YOY 46.8 48.5 6.7% 4.5% 6.6% 6.1% 6.2% Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 CAR & CET-1 Ratio Sep-22 Sep-23 (%) Cash Dividend for Financial Year 2022 CAR CET-1 On 6 April 2023, PermataBa
Slide 39: Business Updates
Business Updates (OT a oe
Slide 40: Retail Banking – Providing the Best & Innovative Products
Retail Banking Providing the Best & Innovative Products Mortgage Credit Card Deposit Focus on primary market, strengthen partnership • Various card benefit and features to fulfill Build Mass Affluent segment which also with main developers. customer lifestyles. offering Sharia deposit products. • In
Slide 41: Retail Banking – Newest Product Launches
Retail Banking Newest Product Launches PermataPoin PermataKKB A point reward program from PermataBank Program offered to PermataBank customers for various choices of that can be collected through various vehicle types and brands through PermataKKB*. transactions on PermataMobile X and can be used fo
Slide 42: Retail Banking – Private Banking Services
Retail Banking Private Banking Services Private Banking Permata Private Banking differentiates the offering for UHNW (AUM threshold with minimum Rp10 billion) by providing value not only for personal financial solution, but also family wealth inheritance and business needs. Centralized in 3 centers
Slide 43: Retail Banking – Business Initiatives
Retail Banking Business Initiatives Collaboration With Business Partners Digital Solution In Banking Services Cash Management PermataMobile X Merchant & QRIS Continuous innovation of PMobX ▪ Offering advance payment Loan Channelling to be competitive in the market: system via QR and API ▪ PermataMob
Slide 44: Retail Banking – Digital Banking Service
Retail Banking Digital Banking Service PERMATANET PERMATA ATM PERMATA MOBILE X DIGITAL MODEL BRANCH PERMATABANK.COM RELATIONSHIP MANAGER PERMATA QRPAY PERMATA EDC PERMATA TEL PT Bank Permata Tbk 9M2023 Business Updates | 44
Slide 45: Wholesale Banking – Offering Innovative Products & Services
Wholesale Banking Offering Innovative Products & Services Value-Chain Product Highlights Ecosystem Finance 24/7 Real-Time Access Clients Highlights Unlocking financing Continuous access to Automotive opportunity through information or services integrated and digitally in real-time, 24 hours a availa
Slide 46: Wholesale Banking – Maintaining Relationship with Valuable Clients
Wholesale Banking Maintaining Relationship with Valuable Clients Client Engagement Events Deepening Relationship with Key Clients Supplier Gathering and Trade Sharing Session • Providing financing to conglomerate groups in Sharing the latest update on Trade Business as well as related to Indonesia.
Slide 47: Wholesale Banking – Business Initiatives
Wholesale Banking Business Initiatives Expanding Customer Base and Selective Increase Sharia Financing in Prospective Industries Prospective Industry Strengthening Business Cooperation in Halal Ecosystem PT Bank Permata Tbk 9M2023 Business Updates | 47
Slide 48: Wholesale Banking – Business Initiatives
Wholesale Banking Business Initiatives Active Participation in Sustainable Finance Active Participation in Syndication Financing Participation in providing financing for SGMW Actively participates in syndicated financing and acts as a Multifinance Indonesia to support electric facility and security
Slide 49: Wholesale Banking – Digital Banking Service for SME Segment & Corporate
Wholesale Banking Digital Banking Service for SME Segment & Corporate PT Bank Permata Tbk 9M2023 Business Updates | 49
Slide 50: Appendices
Ad PermataBan ICES Append
Slide 51: Income Statement
Income Statement in Rp billion Sep-23 Sep-22 YoY (%) Net Interest Income 7,444 6,670 11.6% Non-Interest Income 1,599 1,431 11.7% Revenue 9,043 8,101 11.6% Operating Expense 4,409 4,268 3.3% Pre-Provision Operating Profit 4,634 3,833 20.9% Provision for losses 1,874 965 94.2% Operating Profit 2,759 2
Slide 52: Balance Sheet
Balance Sheet in Rp trillion Sep-23 Sep-22 YoY (%) Cash 1.4 1.6 (9.8%) Placement with Bank Indonesia 25.7 25.9 (0.6%) Placement with Other Banks 5.0 5.6 (11.2%) Marketable Securities 70.8 46.0 53.9% Loans (Gross) 138.9 135.7 2.4% Allowance for Loan Impairment Losses (11.4) (9.9) 14.7% Other Assets 2
Slide 53: Financial Ratios
Financial Ratios Financial Ratios (in %) Sep-23 Sep-22 YoY (%) CET-1 ratio 29.9 25.1 4.8 Total CAR 39.4 33.2 6.2 Loan to Deposit Ratio (LDR) 75.6 83.3 (7.7) CASA Ratio 55.9 59.3 (3.5) ROA 1.5 1.6 (0.2) ROE 6.2 6.7 (0.5) BOPO 79.7 73.4 6.2 CIR 49.2 53.1 (3.9) NIM 4.5 4.2 0.2 NPL Gross 2.9 3.1 (0.2) N
Slide 54: Stock Information
Stock Information Closing Price Dec 2022 – Sep 2023 IDX : BNLI 1,200 1,200,000 IDX : BNLI Dec-23 Mar-23 Jun-23 Sep-23 27-Jun-23, 975 1,015 950 975 925 Price (Rp) 1,100 29-Sep-23, 925 1,000,000 0.9 0.9 0.9 PBV (x) 1.0 Closing Stock Price (in Rp/Share) 1,000 Trading Volume (in Shares) 800,000 P/E Rati
Slide 55: PT Bank Permata Tbk Investor Relations Department
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