Pt Bank Permata Tbk Class A · IDX:BNLI
Pt Bank Permata Tbk Class A — FY2023 Earnings Presentation
55 slides from Pt Bank Permata Tbk Class A's earnings presentation, 2024
Slide 1: FY 2023 Financial Results Analyst Presentation
PT Bank Permata Tbk FY 2023 Financial Results Analyst 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 28 | Full Year 2023 Financial Performance 04 | Management Highlights 29 Strong Revenue Structure and Sustainable Profit 05 Key Highlights Financial Performance December 2023 30 Margin Improvement and More Efficient Business Process 06 3 Priority Strategies 31 Total
Slide 4: Management Highlights
Management Highlights
Slide 5: Key Financial Highlights December 2023
Key Financial Highlights December 2023 Total Loans Total Deposits Total Assets CAR (Rp trillion) (Rp trillion) (Rp trillion) (%) 4.3% YOY 3.7% YOY 0.9% YOY 4.5% YOY 255.1 257.4 195.6 188.3 38.7% 142.2 34.2% 136.3 58.0% 55.0% Dec-22 Dec-23 Dec-22 Dec-23 Dec-22 Dec-23 Dec-22 Dec-23 Gross NPL LDR NIM C
Slide 6: 3 Strategic Priorities
3 Strategic Priorities 1 Create the leading Deposit dan Wealth franchise 2 Be the preferred ecosystem partner to businesses and technology players 3 PT Bank Permata Tbk Be the Market Leading on customer satisfaction (NPS) in the industry FY2023 Management Highlights | 6
Slide 7: Universal Financial Products and Services
Universal Financial Products and Services The main service collect funds from publics in the form of current accounts, savings, time deposits and credit distribution to publics in accordance with commercial banks business activities, available in both Conventional and Sharia services Consumer & SME
Slide 8: Newest Product Launches
Newest Product Launches PermataPoin PermataKKB Private Banking A point reward program from PermataBank Program offered to PermataBank Permata Private Banking differentiates the offering for UHNW that can be collected through various customers for various choices of vehicle (AUM threshold with minimu
Slide 9: Innovation to Serve Customers Better
Innovation to Serve Customers Better Mobile electronic banking services Customer's business solution in The latest internet banking service The system that integrates that offer Customers access to making direct payments via mobile innovations for an easy and Customer's platform to be directly vario
Slide 10: Modernization in the Banking Experience for All Generations
Modernization in the Banking Experience for All Generations Queuing by Qmatic System Queue Notification via WA PermataBank is committed consistently accelerating digital transformation through various innovations to provide the best service to customers Spacious Banking Hall Executive Lounge Permata
Slide 11: 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. Governance Sustainability Committee ensure sustainability principles are incorporated in the strategi
Slide 12: Recent Global & Domestic Economic Development
Recent Global & Domestic Economic Development
Slide 13: Global Risks on Economy & Financial Market (1)
Global Risks on Economy & Financial Market (1) 1 2 3 ‘Slower-for-longer’ in China impacting ‘Higher-for-longer’ risks reemerging, Geopolitical conflicts spreading and Indonesia’s external balance limiting room for rate cuts intensifying, causing persistent uncertainty and stubborn inflation PT Bank
Slide 14: Domestic Risks on Economy & Financial Market (2)
Domestic Risks on Economy & Financial Market (2) 1 2 3 2024 Election triggering ‘wait-and-see’ El Nino causing food inflation to keep Current Account Deficit widening amid actions in investment activities increasing flagging global demand and higher oil price PT Bank Permata Tbk FY2023 Recent Global
Slide 15: Global Economic Outlook
Global Economic Outlook Indonesia’s economic resilience is expected to continue into 2024 GDP growth, % IMF World Bank ADB OECD Countries 2019 2020 2021 2022 2023e 2024F 2023e 2024F 2023F 2024F 2023e 2024F World 2.8 -2.8 6.3 3.5 3.1 3.1 2.6 2.4 3.1 2.9 US 2.3 -2.8 5.9 2.1 2.5 2.1 2.5 1.6 2.5 2.1 Eur
Slide 16: Indonesia's Economy Snapshot
Indonesia’s Economy Snapshot The economy continues to be resilient against the background of increasing global uncertainty. FY22: 5.31% 1Q23: 5.04% YoY 2Q23: 5.17% YoY +2.61% (YoY) 3Q23: 4.94% YoY 4Q23: 5.04% YoY1 2 Headline Inflation 3 +1.1% (YTD) 6.00% (+50bps YTD) FY23: 5.05% (YE23) BI 7-Days RR
Slide 17: Indonesia's Inflation Rate
Indonesia’s Inflation Rate Inflation was tamed in 2023, managed to stay within Bank Indonesia’s target range. However, food inflation remained stubborn in the beginning of 2024 amid the ongoing impact of El Nino. Both headline and core inflation in Jan-24 was within the new target range of 1.5 – 3.5
Slide 18: Indonesia's Supply-Side Inflation
Indonesia’s Supply-Side Inflation Albeit the risk of inflation passthrough seems to be low, supply-side inflation of agriculture sector and manufactured food sector remains a threat that needs to be anticipated in 1Q24, regarding its impact on headline inflation and economic growth. % YoY 2019 2020
Slide 19: Indonesia's GDP Growth
Indonesia’s GDP Growth Source of growth shifted from the external side (net export performance) to the domestic side in 2023, led by household consumption and Gross Fixed Capital Formation/GFCF (fixed investment). Solid domestic demand is driven by tamed inflation, improving public mobility, resumpt
Slide 20: Indonesia's GDP Growth Heatmap
Indonesia’s GDP Growth Heatmap Household consumption and GFCF (fixed investment) recorded relatively solid growth in 2023, thanks to increasing public mobility and improvement in buildings & structure investment. Yet, El Nino impact and normalization in mobility trend limited growth in 2023. Neverth
Slide 21: Domestic Economy Performance – Manufacturing GDP Growth
Domestic Economy Performance – Manufacturing GDP Growth Manufacturing Industry Growth by Sub-sectors Highest Growth in FY23 (% YoY) Share (%) Quarterly Growth (% YoY) Annual Growth (%) Sectors 2023 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 2021 2022 2023 C. Manufacturing 18.7 -1.38
Slide 22: Sectoral Economy Projections
Agriculture, Forestry and 2.25% 1.30% Fisheries 1.50% 4.38% PT Bank Permata Tbk Mining & Quarrying 6.12% 2.32% global market persists. 4.89% Manufacturing Industry 4.64% 4.90% 6.61% Electricity & Gas Supply 4.91% 5.50% Water Supply, Sewerage, 1 3.23% Waste & Recycling 4.90% Management 4.62% 2.01% Co
Slide 23: Foreign Direct Investment
Foreign Direct Investment Foreign Direct Investment (FDI) grew solidly by 10.2%yoy in FY23. The Base Metal sector continued to receive the largest share of FDI. FDI by Sector (USD million) Foreign Direct Investment (USD Million) 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 2021 Share
Slide 24: Domestic Direct Investment
Domestic Direct Investment Domestic Direct Investment growth remain robust, accelerated by 22.1% YoY in FY23. Mining, Real Estate, and Telco recorded the largest investment. DDI by Sector (Rp billion) Domestic Direct Investment (Rp Billion) 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23
Slide 25: Regional Economic Growth (1)
Regional Economic Growth (1) Java’s economy remains the biggest contributor to Indonesia’s economy. New capital city of Indonesia and downstream in basic metal development aims to drive contribution of Outside Java Sumatera 4.8 4.9 4.5 4.6 5.8 5.6 4.8 5.5 Sulawesi 7.0 6.6 6.4 5.5 Kalimantan 9.1 10.1
Slide 26: Regional Economic Growth (2)
Regional Economic Growth (2) Sulawesi and Maluku-Papua Regions Grew Faster than Other Regions in Indonesia. 2023 2023 Province 2019 2020 2021 2022 2023 Province 2019 2020 2021 2022 2023 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 West Kalimantan 4.6 4.0 4.3 4.9 5.1 -1.8 4.8 5.1 4.5 Aceh 4.6 4.4 3.8 4.1 4.1 -0.4 2.8 4.2
Slide 27: PIER's Economic & Market Forecast
PIER's Economic & Market Forecast 2019 2020 2021 2022 2023 2024F 2019 2020 2021 2022 2023 2024F National Account Commodity Price Real GDP (% YoY) 5.02 -2.07 3.70 5.31 5.05 5.07 Coal Price (USD/MT) 66.2 83.0 169.7 379.2 141.8 117.5 Real Consumption: Private (% YoY) 5.04 -2.63 2.02 4.93 4.82 5.14 Real
Slide 28: Full Year 2023 Financial Performance
Full Year 2023 Financial Performance
Slide 29: Strong Revenue Structure and Sustainable Profit
Strong Revenue Structure and Sustainable Profit Total Revenue Profit After Tax – PAT (Rp trillion) (Rp trillion) 9.3% YOY 28.4% YOY 12.0 Total Revenue 2.6 2.0 11.0 2.0 Non-Interest Income 0.8 0.7 0.7 1.9 0.4 ↑ 8.1% YOY (0.2) 4Q22 1Q23 2Q23 3Q23 4Q23 2022 2023 Pre-Provision Operating Profit Net Inter
Slide 30: Margin Improvement and More Efficient Business Process
Margin Improvement and More Efficient Business Process Net Interest Margin – NIM Return On Assets – ROA (%) (%) 14 bps YOY 23 bps YOY 4.6% 1.6% 1.5% 1.5% 4.5% 4.5% 4.5% 1.3% 1.1% 4.3% Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Loan to Deposit Ratio – LDR Cost to Income Rat
Slide 31: Total Assets & Third-Party Funds Keep Growing
Total Assets & Third-Party Funds Keep Growing Total Assets Total Deposits (Rp trillion) (Rp trillion) 0.9% YOY 3.7% YOY 257.4 255.1 252.7 251.4 251.9 195.6 190.4 185.5 188.3 Total Deposits 181.8 CASA Ratio (%) 58.0% 57.1% 56.4% 55.9% 55.0% ↓8.6% YOY 113.4 108.6 104.6 101.6 103.6 CASA ↑3.1% YOY 82.2
Slide 32: Loan Growth with Diversified Portfolio
Loan Growth with Diversified Portfolio Total Loans Loan & Financing Composition (%) (Rp trillion) As of 31 Dec 2023 4.3% YOY Commercial, Sharia, 15.2% 17.7% 142.2 Total Loans Corporate & Conventional 136.3 137.4 138.9 Commercial 130.1 0.9 0.9 & Sharia 0.8 0.8 Others 0.8 ↑ 3.6% YOY Corporate, Convent
Slide 33: Loan Disbursement in All Business Segments
Loan Disbursement in All Business Segments Consumer & SME Loan Corporate & Commercial Loan (Rp trillion) (Rp trillion) Mortgage as the main driver of Consumer & SME loan growth, focus on Continue to deepen the potential of ecosystem partnerships and primary market and strengthen partnership with mai
Slide 34: Loan Diversification in Various Industrial Sectors
Loan Diversification in Various Industrial Sectors Loan Based on Industry Sector Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Growth YoY Dec-23 Comp (Rp trillion) (%) (%) Personal Loan for Housing and Automotive 37.3 36.7 37.5 37.9 37.9 1.6% 26.7% Manufacturing 26.9 23.3 26.1 26.8 24.8 -7.8% 17.4% Wholesale &
Slide 35: Loan Quality Improved with Prudent Provision Management
Loan Quality Improved with Prudent Provision Management Gross and Net Non-Performing Loan – NPL Non-Performing Loan – NPL Coverage Ratio 25 bps YOY (Gross NPL) Well Maintained Above >200% 285.7% 288.4% 272.3% 255.9% 240.3% 0.4% Net NPL 0.4% 0.4% 1.8% 1.8% 1.9% 0.3% 0.3% 1.8% 1.7% Cost 3.1% 3.2% of C
Slide 36: Well Maintained LAR and LAR Coverage
Well Maintained LAR and LAR Coverage Loan At Risk – LAR Loan At Risk – LAR Coverage Ratio (Rp trillion) (%) 16.0% YOY 25.4% YOY 94.1% % LAR / Total Loan 86.7% 81.6% 10.9% 11.0% 73.2% 8.7% 68.7% 9.6% 9.4% 14.8 14.3 13.1 13.1 Total LAR 12.4 4.2 4.1 NPL 3.9 4.0 4.1 ↓4.0% YOY 4.3 4.4 4.6 Col. 2 5.1 4.6
Slide 37: 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) 31.7% YOY SME 6.5% 5.4% 4.7% 4.1% 3.9% Corporate & 3.5% % Restructured Loan 21.1% Commercial 7.3 to Total Loan Total Loan Restructured 6.1 due to COVID-19 5.6
Slide 38: Third Party Funds Supported by CASA
Third Party Funds Supported by CASA Corporate & Commercial Deposit by Business (Rp trillion) 13.5% YOY Corporate & 79.3 72.1 TD Commercial, 62.9 63.7 68.6 26.9 23.5 19.8 20.3 24.1 ↓10.2% YOY Consumer & As of 31 Dec 2023 36.4% SME, 63.6% 52.5 CASA 48.6 43.1 43.4 44.5 ↓15.2% YOY Dec-22 Mar-23 Jun-23 S
Slide 39: Maintaining Strong Capital with Liquidity Ratio Well Above Minimum Requirement
Maintaining Strong Capital with Liquidity Ratio Well Above Minimum Requirement Liquidity Coverage Ratio – LCR Return On Equity – ROE (%) (%) 45.2% YOY 1.1% YOY 359.7% 388.2% 344.1% 335.7% 6.6% 6.1% 6.2% 5.5% 290.5% 4.5% Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Net Stable
Slide 40: Strong Capital to Support Future Growth
Strong Capital to Support Future Growth Capital & CET-1 Total Cash Dividend (Rp trillion) (Rp billion) 76.5% YOY 15 CET-1 8.5 34.6 35.4 37.4 ↑5.7% YOY 542.7 As the Controlling Shareholder of Total Capital 307.5 Bank Permata, Bangkok Bank is committed providing full support for 45.2 47.1 49.1 ↑4.4% Y
Slide 41: About Permatabank
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Slide 42: Board of Commissioners
Board of Commissioners Chartsiri Sophonpanich Chong Toh President Commissioner Commissioner Education Education • B.C.E. Worcester Polytechnic Institute, USA • B.A. in Philosophy, Politics & Economics Oxford University • M.C.E. Worcester Polytechnic Institute, USA • M.Sc. in Management Massachusetts
Slide 43: Board of Commissioners
Board of Commissioners Haryanto Sahari Goei Siauw Hong Independent Commissioner Independent Commissioner Education Education • B.E. in Accounting University of Indonesia • B.Eng. in Agronomy Institut Pertanian Bogor • MBA in Business/Finance and Marketing Indiana University, Experience Bloomington,
Slide 44: Board of Directors
Board of Directors Meliza Musa Rusli Abdy Dharma Salimin President Director Technology & Operation Director Education Education • B.Eng. University of Indonesia • B.Com. University of Toronto, Canada • MBA University of Melbourne, Australia Experience Experience • Global Technology Head for Retail B
Slide 45: Board of Directors
Board of Directors Djumariah Tenteram Dayan Sadikin Retail Banking Director HR Director Education Education • B.Acc. University of Nommensen, Medan • Bachelor of Social Science University of Indonesia • M.Com. University of New South Wales, Sydney, Australia Experience • Head of Wealth Management, R
Slide 46: PermataBank At-a-Glance
PermataBank At-a-Glance Year Established Business Segment 1955 Consumer & SME Total Employee Listed at IDX Corporate & Commercial > 7,000 1990 Product & Service Stock Code Conventional BNLI Sharia Shareholders Total Customer DSIB Bangkok Bank - 98.7% > 6.2 Million One of Domestic Public - 1.3% Syste
Slide 47: Top Indonesian Banks with National Banking Coverage
Top 10 Indonesian Banks with National Banking Coverage 83 253 820 20,000+ Channels Cities / Regions Network Offices* ATM’s Branch Network (Conventional & Sharia) East Java 25 Sumatera 28 Conventional 23 Conventional 24 Sharia 5 Sharia 1 Jabodetabek 89 Sulawesi 6 Conventional 81 Conventional 5 Sharia
Slide 48: Synergies With Bangkok Bank
Synergies With Bangkok Bank Center of Excellence International Banking Strategy Transaction Banking Knowledge Sharing between Sharing capabilities and operational Bangkok Bank and PermataBank models to understand the transaction business at PermataBank and Bangkok Bank’s International Indonesia. Syn
Slide 49: Awards & Achievements
Awards & Achievements Warta Ekonomi Awards • The Best HR Management for The Outstanding Support 12th Infobank Digital Brand Recognition Award 2023 in Enhance the Employee Experience – Indonesia HR • The Best, Mobile Banking (Conventional Bank) Awards 2023 • Most Innovative Conventional Bank for Opti
Slide 50: Corporate Social Responsibility
Corporate Social Responsibility Since 2011 and Continuing to Contribute to Community Building 80 621 +7.5K +83K Strategic Partners Schools & Communities Student Scholarships Total Beneficiaries 2,700 Students 1,000 Students 4,975 Beneficiaries +44k Students with Disabilities PT Bank Permata Tbk FY20
Slide 51: Balance Sheet
Balance Sheet Dec-23 in Rp trillion Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 YoY(%) Cash 2.3 1.8 2.0 1.9 1.8 (7.5) Placement with Bank Indonesia 16.3 23.2 38.2 52.6 29.7 (43.6) Placement with Other Banks 9.6 3.7 9.0 4.8 5.3 11.3 Marketable Securities 11.9 46.6 56.4 55.1 70.5 28.0 Loans (Gross) 108.2 118.1
Slide 52: Income Statement
Income Statement Dec-23 in Rp billion Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 YoY (%) Net Interest Income 5,960 6,809 7,975 9,122 9,996 9.6 Non-Interest Income 2,007 2,329 2,543 1,896 2,050 8.1 Revenue 7,967 9,138 10,518 11,018 12,047 9.3 Operating Expense (4,924) (5,375) (5,458) (6,041) (6,144) 1.7 Pre-
Slide 53: Financial Ratios
Financial Ratios Financial Ratios (in %) Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-23 YoY (%) CET-1 ratio 18.7 26.9 26.7 25.7 29.5 3.8 Total CAR 19.9 35.7 34.9 34.2 38.7 4.5 Loan to Deposit Ratio (LDR) 86.3 78.7 69.0 68.9 74.8 5.9 CASA Ratio 50.7 51.2 54.0 58.0 55.0 (3.0) ROA 1.3 1.0 0.7 1.1 1.3 0.2 RO
Slide 54: Closing Stock Price (in Rp/Share)
Stock Information Closing Price Dec 2022 – Dec 2023 IDX : BNLI 1,200 1,200,000 IDX : BNLI Dec-22 Jun-23 Sep-23 Dec-23 27-Jun-23, 975 Price (Rp) 1,015 975 925 920 1,100 29-Sep-23, 925 1,000,000 PBV (x) 1.0 0.9 0.9 0.8 Closing Stock Price (in Rp/Share) 1,000 29-Dec-23, 920 Trading Volume (in Shares) 8
Slide 55: PT Bank Permata Tbk
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