PT Bank Pembangunan Daerah Jawa Barat & Banten Tbk · IDX:BJBR
PT Bank Pembangunan Daerah Jawa Barat & Banten Tbk — Bank BJB — FY2014 Earnings Presentation
45 slides from PT Bank Pembangunan Daerah Jawa Barat & Banten Tbk's earnings presentation, Mar 21, 2015
Slide 1: Bigger, Stronger, Better - FY14 Analyst Meeting
Bigger, Stronger, Better bank bjb FY14 Analyst Meeting
Slide 2: Table of Content
Table of Content Pg.5 Result Summary Pg. 10 Loans Breakdown Pg. 15 Deposit Breakdown Pg. 16 Asset Quality Pg. 19 Yield Analysis Pg. 21 Capital Adequacy Pg. 22 Consumer Loans Performance Pg. 29 Subsidiaries Performance Pg. 35 Company Profile EA bank bjb
Slide 3: Macroeconomic
Macroeconomic BI Rate Increased To 7.75% @@EGDPGrowth ——BI Rate 10 5 8 aan ~ 6 g 44 “1 | ty) en ee ee i ee SESESESTFAPEPES FV IF VIII IK V IF I IFVIISIPE Source: Bloomberg Indonesia Inflation Had Accelerated To 8.36% —cPl ——1MJIBOR 14 12 10 — 8 E 4 2 0 SEESEEEEFEESEEEF FI ISI IF IIIT IFISITIFSIISPE
Slide 4: Banking Sector
EA . ° Banking Sector bank bjb 40.0 —— Loans Growth 9 —-==Deposit Growth 35.0 As of Nov'14, banking sector data shows: g 30.0 * Loans +11,98%YoY to Rp3,628 tr (Investment loans +13,73 = 25.0 2 20.0 % YoY, working capital +11,58%, consumer loans +10.84%) Nd 15.0 * Deposit 12,08% YoY to Rp4.055 tr (CA
Slide 5: Result Summary
Result Summary Income Statement Ratios (bank only) Net Interest Income at Rp 4.5 tr (-6.7% YoY/ +2.8% QoQ) PPOP at Rp 1.9 tr (-12.7% YoY/ -5.6% QoQ) LLP at Rp 663 bn (+7.7% YoY/ -23.2% QoQ) Net Income at Rp 1.1 tr (-18.6% YoY/ +69.4% QoQ) Total Loans at Rp 49.6 tr (+9.5% YoY/ +0.8% QoQ) Total Financ
Slide 6: Target vs. Realization
Target vs. Realization bank bjb (%) Target 1Q14 2Q14 3Q14 FY14 Loans Growth 14% - 16% 20.3 14.6 11.7 10.5 Deposit Growth 14% - 18% 26.5 13.4 14.2 15.5 ROA (net) 1.5% - 1.9% 1.9 T.3 1.3 1.5 ROE (net) 15% - 19% 19.4 14.7 14.5 16.6 NIM 6% - 6.5% 6.8 6.4 6.7 6.8 Cost of Fund 5.8% - 6.3% 5.8 6.0 5.9 5.9
Slide 7: Key Ratios (bank only)
Key Ratios (bank only) bank bjb Key Ratios 1Q14 2Q14 3Q14 FY14 Profitability ROA (net) 1.9 13 1.3 1.5 ROE (net) 19.4 14.7 14.5 16.6 Cost Ratios Cost to Income Ratio 55.4 59.8 59.4 61.8 Expenses Ratio 79.6 85.0 85.2 85.9 Yield Asset Yield 12.5 12.4 12.6 12.6 Cost of Fund 5.8 6.0 5.9 5.9 NIM 6.8 64 6.
Slide 8: Income Statement
Income Statement aaa FY13 FY14 ioy Interest Income 8,133 8,792 8.1% Interest Expense 3,351 4,330 29.2% Net Interest Income 4,782 4,462 6.7% Fee Based Income 293 347 18.6% Operating Expense 2,815 2,948 4.7% Gain (Loss) on Financial Statement (22) 94 - PPOP 2,238 1,955 -12.7% Loan Loss Provision 616 6
Slide 9: Balance Sheet
Balance Sheet bank bjb eo bal FY13 1014 2014 3014 FY14 (a) Cash 2,595 1,607 1,984 1,763 2,768 6.7% Current Account with 4,454 4,622 4,861 4,839 5,178 16.3% Bank Indonesia Secondary Reserves 13,135 21,393 18,296 17,411 12,599 4.1% Loans~—net 44,289 44,329 46,554 47,602 48,028 8.4% Financing- net 3,53
Slide 10: Loans Breakdown (bank only)
Loans Breakdown (bank only) bank bjb Consumer mMicro mCommercial Mortgage 7 Segment YoY 60 (Rp bn) FY13 FY14 (%) so a 43 44 Consumer 28,857 33,579 16.4% 3.9 41 . 35 Micro 5,353 4,505 -15.8% 2.9 40 4 9 23 Commercial 6,989 6,850 2.0% 2 0.9 y 30 J Mortgage 3,911 4,444 13.6% (Rp tr) ° an 2 Hs 3 i Total
Slide 11: Consumer Loans
Consumer Loans bank bjb Civil Servant Loans (LHS) mammi Pensioner Loans (LHS) —NPLiRHs) Key Indicators FY13 FY14 (oy 40 5 r 1.0 Loans Outstanding 28,857 33,579 16.4% + 0.9 35 5 1 il a pe axransion 6,231 4,722 24.2% 30 4 202 (Rp bn) i + 07 25 wt Avg. Loans azo Ml + 06 Outstanding 84 96 13.9% = 0.60°.
Slide 12: Micro Loans
Micro Loans bank bjb KMU (LHS) mmm Govt Program (LHS) mama KCR (LHS) —==NPL (RHS) YoY Key Ratios FY13 FY14 (%) 60 pe Loans Outstanding 5353 4,505 15.8% Net Expansion 5.0 7s 94 20.0 (Rp bn) 808 (848) 205.0% Avg. Loans au Outstanding 56 56 0.4% 15.0 (Rp mn) = 3.0 a No of Account 95,354 80,002 -16.1% e
Slide 13: Commercial Loans
. P Commercial Loans bank bjb Working Capital (LHS) mammal Investment (LHS) YoY mmm Syndicated (LHS) —==NPL (RHS) Key Ratios FY13 FY14 1%) 8.0 7 ; 15.0 | 14.0 Loans Outstanding 6,989 6,850 2.0% 7.0 4 + 13.0 p 12.0 Net Expansion - 0; 60 | | seal (Rp bn) 652 (139) 121.3% + 10.0 5.0 5 | 90 Avg. Loans O
Slide 14: Mortgage Loans
Mortgage Loans Mortgage Loans (LHS) ©—==NPL(RHS) 5,000 _ 150 Key Ratios FY13 FY14 (oy 4A44 14.0 4500 - 4,282,280 AG Loans Outstanding 3,911 4,444 13.6% 1143 p 13. 4000 + 3.91] L 12.0 3,506 110 Jet Expansion 2,189 533 -75.7% 3,500 + (Rp bn) 10.0 3,000 + 2,916 r 9.0 Avg. Loans _ Outstanding 278 259 6.
Slide 15: Deposit Breakdown (bank only)
Deposit Breakdown (bank only) Current Account m™SavingsAccount m™ Time Deposit 70 5 60 so 4 40 30 20 (Rp tr) 10 | | 2S I 15.7 j45 155 \74 '84 16.4 166 11.0 12.0 11.7 0 arr arr =a eae a a SS XY AY NY AY RP PP RP ae dh ate att FPP PP PP FS FF CS Deposits Breakdown FY13 FY14 ‘ey (Rp bn) Current Account
Slide 16: Asset Quality
Asset Quality = Credit Provision (LHS) mmm Absolute NPL (LHS) a RPL FOSS . —o— Coverage Ratio (RHS) e YoY Write Off (%) FY13 FY14 (%) (Rp Bio) 2,500 > r 180 (Bank only) | 160 Consumer 0.12 0.08 -0.04 0.6 2,030,052 Micro 11.3 22.7 +11.4 181 2,000 140 Commercial 74 11.3 +3.9 17 120 1,500 Mortgage 3.0
Slide 17: Special Mention Loans
Special Mention Loans om Mi = i Consumer (LHS) Micro (LHS) Commercial (LHS) Consumer mMicro mCommercial m Mortgage Ml Mortgage (LHS) —% to Loans (RHS) 2,000 5 r 45 100% 5 2 5a oa, wv 1800 + L ag 90% + i a os cL A 3¢ | , % | _" j ; L 3s 80% a D 5 all ae 2 1400 + ' g Z 70% 4 2 ; 30 2 5 5 5 g £1200 | S
Slide 18: Non Performing Loans
Non Performing Loans Consumer mMicro mCommercial m Mortgage 100% 11011 44 Ry | Consumer (LHS) lili Micro (LHS) mm Commercial (LHS) % to Loans (RHS) 2,500 5 ; 45 100% 4 van L ag 90% 223 228 a 2,000 + 0 194 F 35 a 70% 4 + 3.0 1,500 + 60% + 25 q 2 50% 4 112 + 2.0 1,000 + 87 40% | 68 b 15 48 30% | 32 1
Slide 19: Yield Analysis
Yield Analysis Others 1.0% Placement to Bank Indonesia 6.4% Interbank Placement 2.7% Loans 73.6% Marketable Securities 16.3% Savings Account 0.6% Current Account 35.6% 31.5% Bonds In 2.9% Lending 6.0% Time Deposit Asset Yield FY13 FY14 Placement to Bank Indonesia 4.2 49 Interbank Placement 3.3 3.8 S
Slide 20: Customer Based
Customer Based Consumer mMicro mCommercial m Mortgage 04 06 09 1.1 15 100% 5 100% 90% | | Li 90% 0% 80% 70% ~ 70% gs & B Ceo> § 60% fey 3 S 50% 4 S 50% a a 2 82.4 82.0 2 Bs 40% | 944 82.0 30; Ss 40% eu 802 78.7 77.4 762 148 743 743 749 75.2 75.9 172 3 40% a 2 30% + 30% 20% 4 20% 10% + 10% 0% — — ———
Slide 21: Capital Adequacy
Capital Adequacy bank bjb *Total Capital to Rp 5.8tr (+Rp 419bn YoY/ +29bn QoQ) Risk Weighted FY13 FY14 YoY (% Asset (RWA) (%) Total CAR at 16.1% (-43bps YoY/ -1 0bps Qo) Total RWA 32,351 35,818 10.7 % Addition to Credit Risk 24,933 27,431 10.0% , Risk rwa; Net Impact CAR Analysis or to CAR Weightin
Slide 22: Consumer Loan Details
EA bank bjb Consumer Loan Details
Slide 23: Consumer Loans Performance
Consumer Loans Performance ba + Overall Consumer Loans at Rp 33.6tr (+16.4% YoY/ +2.6% QoQ) + Net Expansion of +Rp 4.7tr YoY/+Rp 858bn QoQ Growth + Consumer Loans portfolio contribution total loans at 68.0% (+403bps YoY/+121bps QoQ) + Number of Customers 350,446 (+7,324 Accounts YoY/ +2,587 QoQ) Ove
Slide 24: Consumer Loans
Consumer Loans (Rp tr) 40 35 30 25 20 15 10 Civil Servant Loans (LHS) mami Pensioner Loans (LHS) ==—=NPL (RHS) 71 r 1.0 0.9 1 | Da 0.8 ] 2.02 gi wf e | i + 0.6 0.60 0.63 We — = 0.54056 f 0.5 = | 302 30.9 04 29.1 26.1 26.8 27-7 25.3 Lid 234 . | 208 21.2218 18.6 r 0.2 al —— L o4 T T T , T T : 7 , T T
Slide 25: Civil Servant Loans
ee Civil Servant Loans bank bjb Civil Servant Loans (LHS) © —=o=NPL(RHS) Key YoY 35 r OS Indicators FYI3 FY14 (%) 30.9 30 4 29.1 Loans Outstanding 26,839 30,938 15.3% 30.2 268 r 0.4 25.3 27.7 Net Expansion 5,010 4,099 -18.2% 25 4 26.1 (Rp bn) 218. 208 23.4 Avg. Loans ; 03 Outstanding 85 98 144% _ 20
Slide 26: Pensioner Loans
° Pensioner Loans bank bjb Pensioner Loans(LHS) | —=a=NPL(RHS) Key FY13 FY14 Yov 3,000 4 ; 03 Indicators (%) 2,64 Loans Outstanding 2,018 2,641 30.9% 2,500 + 2,407 2519 ” 1,221 623 -49.0% 2,018,210 P 2,000 Avg. Loans Outstanding 71 79 11.7% r= _ (Rp mn) 2. 1,500 g & = No of Account 28,618 33,527 17.
Slide 27: Special Mention Loans
Special Mention Loans Absolute Special Mention Loans -16.5% YoY (mm Civil Servant Loans (LHS) mmm Pensioner Loans (LHS) —o— Special Mention Loans (RHS) 90 5 r 80 50 4 40 30 Absolute Special Mention Loans(Rp bn) 2051 10 = 0.5 04 0.3 0.2 0.1 Special Mention Loans (%) Special Mention Laons Contribution
Slide 28: Non Performing Loans
= = Non Performing Loans berries SIs ank bj Consumer Loans Absolute NPL Loans-15.3% YoY Pensioner Loans Contribution +2.7% YoY Civil Servant Loans (LHS) mami Pensioner Loans (LHS) Civil Servant Loans (LHS) m Pensioner Loans (LHS) —o—NPL (RHS) ths % 40 0s TTPORPPERRRER 90% 35 FY 80% Pe} 29 04 30 BB i
Slide 29: Sharia Business Performance
\ > bank bjb Sharia Business Performance FY14 bank bjb Sharia
Slide 30: Result Summary
Result Summary Income Statement Balance Sheet Ratios (bank only) + Net Financing Income at Rp 246bn (-9.5% YoY) + Operating Expenses at Rp 360bn (+45.3% YoY) + Net Income at Rp 22.7bn (-19.7% YoY) + Total Financing at Rp 4.4 tr (+22.4% YoY) + Total Deposit at Rp 4.6tr (+48.0% YoY) + Total Asset at R
Slide 31: Key Ratios
Key Ratios Key Ratios (%) FY13 FY14 YoY CAR 18.0 15.8 2.2 NPF Gross 1.9 5.8 43.9 NPF Nett 1.2 3.9 42.7 ROA 0.9 0.7 0.2 ROE 47 3.7 -1.0 NIM 6.6 8.3 +17 Expense Ratio (BoPo) 85.8 91.0 +5.2 FDR 97.4 84.0 -13.4
Slide 32: Income Statement
Income Statement Income Statement FY13 FY14 YoY (Rp mn) FinancingIncome 511,492 593,149 16.0% Financing Expense 239,374 346,798 44.9% Net Financing Income 272,118 246,351 -9.5% Other Operating Income 16,705 149,059 - Operating Expense 247,684 359,874 45.3% Operating Income 41,139 35,536 -13.6% Non O
Slide 33: Balance Sheet
Z Balance Sheet bank bjb er needed FY13 FY14 YoY Cash 26,882 34,252 27.4% Current Account with Bank Indonesia 129,494 208,290 60.8% Secondary Reserves 771,749 1,294,577 67.7% Financing-net 3,531,665 4,300,969 21.8% Fixed Asset-net 160,886 160,785 -0.1% Other Asset 74,412 92,073 23.7% Total Asset 4,6
Slide 34: Sharia Performance
Sharia Performance 5.0 45 @Total Financing m®Total Funding eo FY13 FY14 ‘oy Murabahah - (Trading) 2,144,893 2,958,627 37.9% \jarah 6,486 48,290 644.5% Financing 1,278,849 1,292,787 1.1% Qardh - (Bridging) 157,914 95,664 -39.4% Isthisna — (Pawning) 5,618 4,748 -15.5% Total Gross Financing 3,593,760 4
Slide 35: Company Profile
EA bank bjb Company Profile bank bjb
Slide 36: Ownership
Ownership @ West Java Provincial Government @ West Java Municipal Government @ Banten Provincial Government 1 Banten Municipal Government Public (B Series) Ownership Structure FY13 FY14 Founder (A Series) 75.00 75.00 West Java Provincial Government 38,26 38,26 West Java Municipal Governments 23,61 2
Slide 37: Road Map
Road Map To Build Sustainable Growth And Excellent Performance Bank 2016-2017 2018 - 2019 Build Strong Foundation Quality Growth A Bank With Excellent Performance And Services Increasing Deposit Market Share Improving Loans Quality And Distribution Increasing Capital Adequacy Developing Support Func
Slide 38: Business and Strategic Alliances
Business and Strategic Alliances Sustainable Growth and Excellent Performance Bank olmproving Micro olmproving Loans oOrganic And olncreasing CASA Providing Trade o Enhancing Loans Quality Process Through Inorganic Growth Composition Finance, Remittances, Performance Of Four Eyes Principles Through
Slide 39: Distribution Network
Distribution Network EA bank bjb Sunda Shelf Jakarta Deposits 7.6 Tr Loans 5.0 Tr Micro Loans 202 bn Profit 16 bn 66,492 Customers 9 Branch Offices 58 Sub Branches 6 Cash Offices 1 Payment Point 115 ATM Unit 25 Waroeng bjb 589 Employees Banten Deposits 10.2Tr Loans 6.9Tr Micro Loans 433 bn Profit 74
Slide 40: Branch Network Details
Branch Network Details bank bjb No bjb Network FY13 FY14 YoY 1 Branch 62 62 = 2 Sub Branch 304 312 +8 3 Cash Offices 266 318 +52 4 Payment Point 107 133 +26 5 ATM 1,139 1,191 +52 6 Waroeng bjb (A,B & C) 510 491 -19 7 Layanan bjb Precious 11 11 - 8 MSME Center 6 6 - 9 Mobile Cash 11 11 - 10 Weekend B
Slide 41: Human Capital
° : Human Capital bank bjb Level FY13 FY14 YoY Educational Breakdown Up to Board of Commissioners 5 6 1 Bachelor Degree . 95.7% Directors 4 7 3 Top Management 35 30 =o) Middle Management 211 218 7 ip Masters First Line Management 1,447 1,677 230 and . Doctorare Up to High 4.0% Staff 4,701 5,086 385
Slide 42: 2014 Awards
2014 Awards bank bjb bank bib F PPBANK PEMBANGUNAN DAERAH JAWA BARAT DAN BANTEN THK Infobank-MRI 2014 Banking Service Excellent Awards- —_ Infobank-MRI 2014 Banking Service Excellent Awards- Indonesia WOW Brand Award 2014- Gold Champion 2"4 Best Phone Handling Commercial Banking 15*Best ATM Commerci
Slide 43: 2014 Awards
2014 Awards re INOVATOR PERLUASAN KEPESERTAAN BPJS KETENAGAKERJAAN 'MELALUI SERVICE POINT OFFICE (SPO) j a BPJS Awards- Innovators For BPJS Participation Through Service Point Office (SPO) P . Infobank Awards - Financial Performance “Very BPJS Awards - Regional Strategic Partner 2014 Good” For 15 Ye
Slide 44: Rp/share
Volume (RHS) Price (LHS) 1400 120 1300 100 1200 80 1100 Million Shares Rp/share 1000 60 900 40 800 20 700 600 0
Slide 45: bank bjb
FZ bank bjb Menara bank bjb JI. Naripan 12-14 7* Floor Bandung 40111 Telp. +6222 4234868