PT Bank Tabungan Negara (Persero) Tbk · IDX:BBTN

PT Bank Tabungan Negara (Persero) Tbk — FY2017 Earnings Presentation

45 slides from PT Bank Tabungan Negara (Persero) Tbk's earnings presentation, Feb 13, 2018

  1. Slide 1: Analyst Meeting

    ANALYST MEETING PT Bank Tabungan Negara (Persero) Tbk. Business & Financial Performances as of December 31, 2017 Jakarta, February 13th 2018

  2. 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

  3. Slide 3: Outline

    Outline Page Macroeconomy 4 FY 2017 Summary & 2018 Guidelines 9 Performance Overview 14 Sharia Business 39 Appendices 42 3

  4. Slide 4: 1. Macroeconomy

    Bank @ BTN Macroeconomy

  5. Slide 5: Macroeconomy: Manageable Inflation & Lower Benchmark Rate

    Macroeconomy: Manageable Inflation & Lower Benchmark Rate Low Inflation & Interest Rate Robust Economic Growth • Inflation was controlled at 3.61% (yoy) in • 2017 GDP growth was 5.07% (yoy), December 2017, still within BI’s target of 4±1%. Indonesia’s Economy is expected to build • During 2017, Bank

  6. Slide 6: Banking System: Loan was Limited, Decelerated Deposit Growth

    Banking System: Loan was Limited, Decelerated Deposit Growth Weak Loan & Deposit Growth Relatively Flat Trend of NPL Loan growth still limited at 7.5% (yoy) in Nov NPL gross slightly decreased to 2.9% in Nov 2017. Likewise, deposit growth decelerated to 2017, experienced a flat trend during the last

  7. Slide 7: BBTN Loan & Deposit: Above Industry's Growth

    BBTN Loan & Deposit: Above Industry’s Growth Robust Loan Growth In Dec 2017, BBTN Loan grew by 21.01% (yoy), far above industry growth at 7.5% (yoy) in Nov 2017. Its acceleration was sustained by Subsidized Mortgages. Strong Deposits Growth Total Deposits of BBTN increased by 20.45% (yoy) in Dec 201

  8. Slide 8: Housing Industry: Slower Growth of Residential Property Prices

    Housing Industry: Slower Growth of Residential Property Prices Residential Property Price Index Growth of Property Sales (% qtq) • Residential Property Price Index in 3Q17 • Residential property sales decelerated from decelerated quarterly from 1.18% (qtq) to 3.61% (qtq) to 2.58% (qtq) in line with

  9. Slide 9: FY 2017 Summary & 2018 Guidelines

    FY 2017 Summary & 2. 2018 Guidelines 9

  10. Slide 10: Bank BTN's Support to the 1 Million Houses Program

    Bank BTN’s Support to the 1 Million Houses Program 2017 Achievement Progress as of Dec 31, 2017 Construction Loans Support in Progress Target Mortgage Loan Type Approved Approved Total (Unit) Disbursed 2017 Total prior to 2017 in 2017 Unit IDR Bn Unit IDR Bn Unit IDR Bn Unit IDR Bn Unit IDR Bn Subsi

  11. Slide 11: FY17 Key Takeaways

    FY17 Key Takeaways Robust • Loan growth was 21.01% (yoy), supported by the government program of 1 million houses • Subsidized mortgage demand remained strong with 32.45% (yoy) growth Loan • Sustaining the leadership of mortgage in Indonesia by 36.3% & holding 95.42% of national Growth subsidized mo

  12. Slide 12: 2018 Grand Strategy

    2018 Grand Strategy Sustainable Growth Strengthening Increasing positioning in Strengthening Increasing non- effectivity in mortgage and funding structure interest income collections and construction value and CASA ratio asset recovery chain Capital Support Increasing Human Capital Quality and Produ

  13. Slide 13: 2018 Target

    2018 Target Growth Ratio Total Asset : 17% - 20% CAR : 16% - 18% Total Loan & Financing : 22% - 24% NPL (Gross) : 2.3% - 2.5% Total Deposits : 19% - 22% NIM : 4.5% - 5% Equity : 13% - 15% ROE : 18% - 20% Net Profit : > 25% ROA : 1.7% - 1.9% LDR : 105% - 107% 13

  14. Slide 14: 3. Performance Overview

    Bank @ BTN ZS Performance Overview 14

  15. Slide 15: Financial Highlight

    Financial Highlight (IDR Billion) INDUSTRY TARGE FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 y.o.y (NOV 2017) BBTN 201 Total Asset 131,170 144,582 171,808 214,168 261,364 22.04% 9.73% 18% - 20% Total Loan & Financing 100,467 115,916 138,956 164,446 198,991 21.01% 7.50% 21% - 23% Total Deposits 96,213 10

  16. Slide 16: Balance Sheet

    Balance Sheet (IDR Billion) FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 y.o.y Total Assets 131,170 144,582 171,808 214,168 261,364 22.04% Total Earning Assets 118,305 132,192 157,049 195,780 234,161 19.60% - Term Deposit with BI 4,834 1,496 7,529 17,581 18,693 6.32% - Loans and Financing 100,467 115,916

  17. Slide 17: Asset Composition

    Asset Composition Total Assets (IDR Trillion) Assets Composition (%) 17

  18. Slide 18: Earning Asset Composition

    Earning Asset Composition Total Earning Asset Earning Asset Composition (IDR Trillion) (%) 18

  19. Slide 19: Loans Composition: Focused on Housing Loans

    Loans Composition: Focused on Housing Loans 31-Dec-13 31-Dec-14 31-Dec-15 31-Dec-16 31-Dec-17 Loans Type y.o.y IDR Bn Shares IDR Bn Shares IDR Bn Shares IDR Bn Shares IDR Bn Shares Housing Loans 87,005 86.60% 102,614 88.52% 124,927 89.90% 147,948 89.97% 179,228 90.07% 21.14% Subsidized Mortgages 28,

  20. Slide 20: Mortgages: Growth Remained Strong

    Mortgages: Growth Remained Strong Total Mortgages Mortgage Composition (IDR Billion) (%) Subsidized Mortgages Non Subsidized Mortgages (IDR Billion) (IDR Billion) 20 Note : Figures on all graphs include Sharia Financing

  21. Slide 21: Loan Disbursement: Mainly Driven by Subsidized Mortgages

    Loan Disbursement: Mainly Driven by Subsidized Mortgages IDR Trillion IDR Billion Loans Type FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 y.o.y IDR Bio Housing Loans 33,955 34,029 41,812 47,216 57,888 22.60% Subsidized Mortgages 6,506 7,960 12,771 17,527 23,499 34.08% Non-Subsidized Mortgages 14,286 12,6

  22. Slide 22: Loan Quality: NPL Continues to Improve

    Loan Quality: NPL Continues to Improve Gross NPL Net NPL (%) (%) Note : Figures on graph include Sharia Financing 22

  23. Slide 23: Loan Quality Breakdown: Better Commercial Loans

    Loan Quality Breakdown: Better Commercial Loans 31-Dec-13 31-Dec-14 31-Dec-15 31-Dec-16 31-Dec-17 Collectibility IDR Bn Share IDR Bn Share IDR Bn Share IDR Bn Share IDR Bn Share Current 84,301 83.91% 95,262 82.18% 116,887 84.12% 142,963 86.94% 176,247 88.57% Special Mentioned 12,101 12.04% 16,004 13

  24. Slide 24: Special-Mentioned Loan

    Special-Mentioned Loan Special-Mentioned Loan Special-Mentioned by Loan Type (%) (%) Note : Figures include Sharia Financing 24

  25. Slide 25: Restructured Loan

    Restructured Loan Restructured Loan in FY17 Restructured Loan by Quality in FY17 (IDR Billion) (%) Restructured Loan Outstanding (IDR Billion) Note : Figures include Sharia Financing 25

  26. Slide 26: Liabilities: Sufficient to Support Loan Growth

    Liabilities: Sufficient to Support Loan Growth Total Liabilities Funding Composition (IDR Trillion) (IDR Trillion) Funding Composition (%) 26

  27. Slide 27: Deposits

    Deposits Total Deposits Mix (IDR Trillion) Deposits FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 y.o.y Current Account 19.12 23.23 31.37 45.85 54.66 19.21% Savings Account 24.24 25.55 30.76 34.83 40.95 17.57% Time Deposits 52.86 57.70 65.62 79.52 97.35 22.42% Total 96.21 106.48 127.75 160.19 192.95 20.45

  28. Slide 28: Equity (1/2)

    Equity (1/2) Total Equity (IDR Trillion) CAR - BI (%) 28

  29. Slide 29: Equity (2/2)

    Equity (2/2) 2013 2014 2015 2016 2017 Tier - 1 Capital 9,879 10,736 12,172 16,443 18,728 Tier - 2 Capital 722 797 1,721 3,776 3,368 Capital on B/S 11,557 12,253 13,860 19,131 21,663 RWA - Credit Risk 57,749 66,251 70,474 86,189 101,494 RWA - Market Risk 284 226 223 344 664 RWA - Operational Risk 8,2

  30. Slide 30: Income Statement

    Income Statement (IDR Billion) FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 y.o.y Interest Income 11,197 13,374 15,567 17,852 20,081 12.49% Interest Expense (5,558) (7,893) (8,700) (9,600) (10,637) 10.80% Net Interest Income 5,639 5,482 6,867 8,252 9,444 14.45% Other Operating Income 798 923 1,132 1,285

  31. Slide 31: Interest Income Composition

    Interest Income Composition (IDR Billion) FY2013 FY2014 FY2015 FY2016 FY2017 Y.o.Y Placement with Bank Indonesia 74 81 107 111 154 38.30% Placement with other bank 63 40 37 56 15 -72.61% Securities 726 982 858 971 971 0.07% Loan 9,605 11,353 13,523 15,458 17,387 12.48% Income from Syariah 729 919 1,

  32. Slide 32: Interest Expense Composition

    Interest Expense Composition (IDR Billion) FY2013 FY2014 FY2015 FY2016 FY2017 Y.o.Y Bank Indonesia 5 2 1.06 - - - Deposits from other Banks 39 84 328 285 394 38.21% Deposits from Non Banks 4,082 6,290 6,750 7,363 7,946 7.91% Securities Issued 826 787 883 1,088 1,368 25.77% Fund Borrowings 450 529 51

  33. Slide 33: Other Operating Income Composition

    Other Operating Income Composition (IDR Billion) FY2013 FY2014 FY2015 FY2016 FY2017 Y.o.Y Marked to market 17 7 - 10 7 -26.22% Gain 32 112 170 273 396 45.46% Reversal on Provisions 8 5 7.51 0.10 (0.47) -578.83% Commissions, Services & Admin Fee *) 31 496 596 656 893 36.23% Others *) 709 303 358 347

  34. Slide 34: Other Operating Expense Composition

    Other Operating Expense Composition (IDR Billion) FY2013 FY2014 FY2015 FY2016 FY2017 Y.o.Y Provisions 441 777 901 708 884 24.92% Salaries & Employee Benefit 1,161 1,260 1,459 1,619 1,907 17.80% Electricity, Telp, Office Supp. 365 494 591 660 853 29.34% Others 337 227 422 452 592 30.87% Rent, Service

  35. Slide 35: Key Financial Ratios (1/4)

    Key Financial Ratios (1/4) Net Income (IDR Billion) Net Interest Margin Cost Income Ratio *) 35 Note : *) Reclassified

  36. Slide 36: 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 assets based on Bank Indonesia regulation 2Calculated based on net profit/average total assets 36

  37. Slide 37: Key Financial Ratios (3/4)

    Key Financial Ratios (3/4) ROE3 – tier 1 capital ROE4 – balance sheet 15.28% 3Calculated based on net profit/average Tier 1 capital based on Bank Indonesia regulation 4Calculated based on net profit/total stakeholder’s equity 37

  38. Slide 38: Key Financial Ratios (4/4)

    Key Financial Ratios (4/4) Loan-to-Deposit Ratio Liquidity Coverage Ratio 38

  39. Slide 39: 4. Sharia Business

    Bank @ BTN ZS Sharia Business 39

  40. Slide 40: Sharia Business

    Sharia Business Sharia Net Profit (IDR Billion) Sharia Assets Sharia Deposits (IDR Billion) (IDR Billion) 40

  41. Slide 41: Sharia Financings & NPF

    Sharia Financings & NPF Sharia Financings Sharia Disbursement (IDR Billion) (IDR Billion) Sharia NPF (Gross) Sharia NPF (Net) (%) (%) 41

  42. Slide 42: 5. Appendices

    Bank @ BTN 5. | Appendices 42

  43. Slide 43: Shares Information

    Shares Information Share Ownerships Composition as of Dec 31, 2017 Ownership # of Shares % GOI 6,354,000,000 60.00% Public 4,236,000,000 40.00% - Domestic 1,064,539,756 10.05% - Foreign 3,171,460,244 29.95% Total 10,590,000,000 100.00% Average Volume PBV Market Cap Period Opening Lowest Highest Clos

  44. Slide 44: Outlets

    Outlets Kalimantan Sulawesi Regional Offices - Regional Offices 1 Branch Offices 6 Branch Offices 6 Papua & Maluku Sub Branch Offices 18 Sub Branch Offices 16 Regional Offices - Cash Outlets 20 Cash Outlets 21 Branch Offices 3 Sharia Outlets 4 Sharia Outlets 3 Sub Branch Offices 3 Priority Outlet 5

  45. Slide 45: 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 45

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