PT Bank Tabungan Negara (Persero) Tbk · IDX:BBTN
PT Bank Tabungan Negara (Persero) Tbk — Q1 2019 Earnings Presentation
41 slides from PT Bank Tabungan Negara (Persero) Tbk's earnings presentation, Apr 23, 2019
Slide 1: Analyst Meeting
ANALYST MEETING PT Bank Tabungan Negara (Persero) Tbk. Business & Financial Performances as of March 31, 2019 Jakarta, 23rd April 2019
Slide 2: Disclaimer
Disclaimer IMPORTANT: The following forms part of, and should be read in conjunction with, the other material in this presentation This presentation contains privileged information and has been prepared solely for the recipient(s). By accepting a copy (or the contents) of this presentation, you are
Slide 3: Outline
Outline Macroeconomy 04 1Q 2019 Summary 08 Performance Overview 11 Sharia Business 35 Appendices 38 3
Slide 4: Macroeconomy
BUMN Bank @ BTN Hadir untuk negeri — ‘Sahabat Keluarga Indonesia
Slide 5: Downward Trending Inflation & Flat Benchmark Rate
Macroeconomy Downward Trending Inflation & Flat Benchmark Rate Low Inflation & Flat Interest Rate Stronger Economic Growth • Inflation was trending downward and controlled at 2.48% • The economy grew by 5.17% (yoy) in 2018, supported by (yoy) in Mar 2019. higher consumption. • Since Nov 2018, BI 7-D
Slide 6: BBTN Loan & Deposit Above Industry's Growth
BBTN Loan & Deposit Above Industry’s Growth Robust Loan Growth In Mar 2019, BBTN Loan grew by 19.57% (yoy), far above industry growth at 12.0% (yoy) in Jan 2019. Its acceleration was supported by Subsidized Mortgages. Strong Deposits Growth Total Deposits of BBTN increased by 10.98% (yoy) in Mar 201
Slide 7: Housing Industry
Housing Industry Rising Residential Property Prices Have Slowed Down Residential Property Price Index Growth of Property Sales (% qtq) • Residential Property Price Index slowed down from 0.42% • Residential property sales still recorded a downtrend to in 3Q18 to 0.35% (qtq) in 4Q18 and from 3.18% to
Slide 8: 1Q 2019 Summary
BUMN Bank @ BTN Hadir untuk negeri — ‘Sahabat Keluarga Indonesia A 1Q 2019 Summary
Slide 9: Bank BTN's Achievement on Million Houses Program
Bank BTN’s Achievement on 1 Million Houses Program Progress as of Mar 31, 2019 Construction Loans Support in Progress Target Mortgage Disbursed Loan Type Approved Approved Total (Unit) 2019 Total prior to 2019 in 2019 Unit IDR Bn Unit IDR Bn Unit IDR Bn Unit IDR Bn Unit IDR Bn Subsidized Mortgage 60
Slide 10: 1Q 2019 Key Takeaways
1Q 2019 Key Takeaways Robust • Loan growth was maintained well above industry average at 19.57% (yoy) • Subsidized mortgage demand remained strong with 28.87% (yoy) growth Loan • Sustaining the leadership of mortgage in Indonesia by 39.35% Growth • Holding 92.96% of national subsidized mortgage disb
Slide 11: Performance Overview
BUMN Bank @ BTN Hadir untuk negeri — ‘Sahabat Keluarga Indonesia A Performance Overview 11
Slide 12: Financial Highlight
Financial Highlight (IDR Billion) BTN INDUSTRY FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 1Q 2018 1Q 2019 yoy TARGE (JAN 2019) 2019 Total Asset 144,582 171,808 214,168 261,365 306,436 258,739 301,346 16.47% 8.31% 13% - 1 Total Loan & Financing 115,916 138,956 164,446 198,991 237,758 202,503 242,135 19.
Slide 13: Balance Sheet
Balance Sheet (IDR Billion) FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 1Q 2018 1Q 2019 yoy Total Assets 144,582 171,808 214,168 261,365 306,436 258,739 301,346 16.47% Total Earning Assets 132,192 157,049 195,780 234,152 265,816 235,405 270,514 14.91% - Term Deposit with BI 1,496 7,529 17,581 18,693 11,
Slide 14: Asset Composition
Asset Composition Total Asset (IDR Trillion) Asset Composition (%) 14
Slide 15: Earning Asset Composition
Earning Asset Composition Total Earning Asset Earning Asset Composition (IDR Trillion) (%) 15
Slide 16: Loans Composition
Loans Composition Focused on Housing Loans 31-Dec-14 31-Dec-15 31-Dec-16 31-Dec-17 31-Dec-18 31-Mar-18 31-Mar-19 Loans Type yoy IDR Bn Shares IDR Bn Shares IDR Bn Shares IDR Bn Shares IDR Bn Shares IDR Bn Shares IDR Bn Shares Housing Loans 102,614 88.52% 124,927 89.90% 147,948 89.97% 179,228 90.07%
Slide 17: Mortgages
Mortgages Growth Remained Strong Total Mortgage Mortgage Composition (IDR Billion) (%) Subsidized Mortgages Non-Subsidized Mortgages (IDR Billion) (IDR Billion) 17 Note: Figures on all graphs include Sharia Financing
Slide 18: Loan Disbursement
Loan Disbursement (IDR Trillion) IDR Billion 3 Months of Loans Type FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 yoy 2018 2019 IDR Bio Housing Loans 34,029 41,812 47,216 57,888 65,095 13,939 13,674 -1.90% Subsidized Mortgages 7,960 12,771 17,527 23,499 28,578 5,358 6,015 12.26% Non-Subsidized Mortgages 1
Slide 19: Loan Quality
Loan Quality Gross NPL Net NPL Note: Figures on all graphs include Sharia Financing 19
Slide 20: Loan Quality Breakdown
Loan Quality Breakdown 31-Dec-14 31-Dec-15 31-Dec-16 31-Dec-17 31-Dec-18 31-Mar-18 31-Mar-19 Collectibility IDR Bn Share IDR Bn Share IDR Bn Share IDR Bn Share IDR Bn Share IDR Bn Share IDR Bn Share Current 95,262 82.18% 116,887 84.12% 142,963 86.94% 176,247 88.57% 210,776 88.65% 175,748 86.79% 209,
Slide 21: Special-Mentioned Loan
Special-Mentioned Loan Special-Mentioned Loan Special-Mentioned by Loan Type Note: Figures on all graphs include Sharia Financing 21
Slide 22: Liabilities
Liabilities Total Liabilities Funding Composition (IDR Trillion) (IDR Trillion) Funding Composition (%) 22
Slide 23: Deposits
Deposits Total Deposits Mix (IDR Trillion) Deposits FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 1Q 2018 1Q 2019 yoy Current Account 23.23 31.37 45.85 54.66 58.05 51.14 53.30 4.22% Savings Account 25.55 30.76 34.83 40.95 41.88 44.06 43.27 -1.80% Time Deposits 57.70 65.62 79.52 97.35 130.34 99.28 119.26 2
Slide 24: Equity (#1/2)
Equity (#1/2) Total Equity CAR – BI (IDR Trillion) 24
Slide 25: Equity (#2/2)
Equity (#2/2) 2014 2015 2016 2017 2018 31-Mar-18 31-Mar-19 Tier - 1 Capital 10,736 12,172 16,443 18,727 20,460 18,324 20,979 Tier - 2 Capital 797 1,721 3,776 3,368 2,868 3,218 2,750 Capital on B/S 12,253 13,860 19,131 21,663 23,840 21,717 24,534 RWA - Credit Risk 66,251 70,474 86,189 101,494 109,507
Slide 26: Income Statement
Income Statement (IDR Billion) FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 1Q 2018 1Q 2019 yoy Interest Income 13,374 15,567 17,852 20,081 22,839 5,276 6,420 21.69% Interest Expense (7,893) (8,700) (9,600) (10,637) (12,634) (2,909) (4,020) 38.17% Net Interest Income 5,482 6,867 8,252 9,444 10,205 2,367
Slide 27: Interest Income Composition
Interest Income Composition (IDR Billion) FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 1Q 2018 1Q 2019 yoy Placement with Bank Indonesia 81 107 111 154 145 44 51 16.88% Placement with other bank 40 37 56 15 35 5 6 20.15% Securities 982 858 971 971 853 230 243 5.77% Loan 11,353 13,523 15,458 17,387 19,852
Slide 28: Interest Expense Composition
Interest Expense Composition (IDR Billion) FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 1Q 2018 1Q 2019 yoy Bank Indonesia 2 1.06 - - - - - - Deposits from other Banks 84 328 285 394 459 57 125 118.49% Deposits from Non Banks 6,290 6,750 7,363 7,946 9,498 2,217 3,140 41.62% Securities Issued 787 883 1,08
Slide 29: Other Operating Income Composition
Other Operating Income Composition (IDR Billion) FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 1Q 2018 1Q 2019 yoy Marked to market 7 - 10 7 42 86 107 24.84% Gain 112 170 273 396 456 26 100 289.65% Reversal on Provisions 5 7.51 0.10 0.02 - 12 0.05 -99.60% Commissions, Services & Admin Fee 496 596 656 893
Slide 30: Other Operating Expense Composition
Other Operating Expense Composition (IDR Billion) FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 1Q 2018 1Q 2019 yoy Provisions 777 901 708 884 1,714 207 253 22.31% Salaries & Employee Benefit 1,260 1,459 1,619 1,907 2,474 579 710 22.66% Electricity, Telp, Office Supp. 494 591 660 853 877 211 198 -6.29% Ot
Slide 31: Key Financial Ratios (#1/4)
Key Financial Ratios (#1/4) Net Profit (IDR Billion) Net Interest Margin Cost to Income Ratio *) Reclassified 31
Slide 32: Key Financial Ratios (#2/4)
Key Financial Ratios (#2/4) ROA1 – Before Tax ROA2 – After Tax 1Calculated based on income before income tax (include tax benefit and extraordinary item)/ average total asset based on Bank Indonesia regulation 2Calculated based on net profit/average total asset 32
Slide 33: Key Financial Ratios (#3/4)
Key Financial Ratios (#3/4) ROE3 – Tier 1 Capital ROE4 – Balance Sheet 3Calculated based on net profit/average Tier 1 Capital based on Bank Indonesia regulation 4Calculated based on net profit/total stakeholder’s equity 33
Slide 34: Key Financial Ratios (#4/4)
Key Financial Ratios (#4/4) Loan to Deposit Ratio Liquidity Coverage Ratio 34
Slide 35: Sharia Business
BUMN Bank @ BTN Hadir untuk negeri — ‘Sahabat Keluarga Indonesia 35
Slide 36: Sharia Business
Sharia Business Sharia Net Profit (IDR Billion) Sharia Asset Sharia Deposits (IDR Billion) (IDR Billion) 36
Slide 37: Sharia Financings & NPF
Sharia Financings & NPF Sharia Financings Sharia Disbursement (IDR Billion) (IDR Billion) Sharia NPF (Gross) Sharia NPF (Net) 37
Slide 38: Appendices
BUMN Bank @ BTN Hadir untuk negeri — ‘Sahabat Keluarga Indonesia A Appendices 33
Slide 39: Shares Information
Shares Information Share Ownerships Composition as of Mar 31, 2019 Ownership # of Shares % GOI 6,354,000,000 60.00% Public 4,236,000,000 40.00% - Domestic 1,872,983,944 17.69% - Foreign 2,363,016,056 22.31% Total 10,590,000,000 100.00% Average PBV Market Cap Period Opening Lowest Highest Closing Vol
Slide 40: Outlets
Kalimantan Outlets Regional Offices Branch Offices - 6 Sulawesi Regional Offices 1 Sub Branch Offices 19 Branch Offices 6 Papua & Maluku Cash Outlets 20 Sub Branch Offices 18 Regional Offices - Sharia Outlets 5 Cash Outlets 22 Branch Offices 3 Priority Outlet 5 Sharia Outlets 4 Sub Branch Offices 3
Slide 41: Thank You
THANK YOU Investor Relations PT Bank Tabungan Negara (Persero) Tbk Menara BTN Lt. 20 - Jl Gajah Mada No. 1 Jakarta Pusat 10130 Telp : +62 21 63870142 / +62 21 63870107 Facs : +62 21 63870104 Email : investor_ relations@btn.co.id Website : www.btn.co.id 41
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