Pt Bank Pembangunan Daerah Jawa Barat & Banten Tbk · IDX:BJBR
Pt Bank Pembangunan Daerah Jawa Barat & Banten Tbk — PT Bank Pembangunan Daerah Jawa Barat dan Banten — Q1 2022 Earnings Presentation
41 slides from Pt Bank Pembangunan Daerah Jawa Barat & Banten Tbk's earnings presentation, Apr 26, 2022
Slide 1: Analyst Meeting 1Q 2022
CORPORATE PRESENTATION PT Bank Pembangunan Daerah Jawa Barat dan Banten, Tbk Analyst Meeting 1Q 2022 26/04/2022
Slide 2: Investment Proposition
Investment Proposition Economic Potential in Formidable Resilient Performance & West Java & Banten Captive Market Strong Balance Sheet Net Income Loans Other 32 Provinces Others FY19-FY21 CAGR BJBR FY19-FY21 CAGR BJBR +13.62% +8.22% 2021 Regional GDP of West Java & Banten Civil Servant Loan (CSL) in
Slide 3: "Hybrid Bank" Business Model
“Hybrid Bank” Business Model Empower Offline Channels Enhancing Online Services North East Kalimantan Digi Mobile as Omni Channels Sumatra Riau bjb Riau Island Cardless South Sumatra Developing “Digital Loan” Function Jakarta South Phase I E-Form & Fintech Collaboration Phase II Phase III West Java
Slide 4: Banking Synergy
Banking Synergy Among Regional Development Bank Bank Business Groups Based on Regulations : POJK 12/2021, POJK 12/2020 and POJK 38/2017 Banking Synergy Existing Subsidiary Companies Regional Development Bank Performance (27 BPD, 31 December 2021) Total Assets Total Deposits Total Loans Total Net Pro
Slide 5: Result Summary
Result Summary Consolidated Comparison with Industry Growth • Net Interest Income at Rp 2 tr (+13.7% YoY) % Loan Growth (YoY) Income 25.0 • PPOP at Rp 893 bn (+25.4% YoY) Statement • LLP at Rp 151 bn (+22.4% YoY) 20.0 • Net Income at Rp 593 bn (+23.2% YoY) 15.0 10.0 8.2 Industry 5.0 5.8 (Jan 22) Sou
Slide 6: 1Q 2022 Performance: Consolidated
1Q 2022 Performance Consolidated 6
Slide 7: Income Statement
Income Statement Consolidated Positioning Income Statement YoY YoY (Rp bn) (%) 1Q21 1Q22 Interest Income 3,179 3,192 0.4% 13 Interest Expense 1,405 1,176 -16.3% (230) Net Interest Income 1,774 2,017 13.7% 243 Fee Based Income 259 372 43.7% 113 Operating Expense 1,352 1,534 13.4% 182 Gain (Loss) on F
Slide 8: Balance Sheet
Balance Sheet Consolidated Balance Sheet YoY 1Q21 2Q21 3Q21 FY21 1Q22 (Rp bn) (%) Cash 2,238 2,351 2,492 3,748 2,592 15.8% Current Account with Bank Indonesia 3,245 3,944 4,165 11,900 6,246 92.5% Secondary Reserves 35,588 41,033 45,917 34,395 47,214 32.7% Loans & Financing 97,053 97,753 101,269 102,
Slide 9: Key Ratios
Key Ratios Bank Only Key Ratios 1Q21 2Q21 3Q21 FY21 1Q22 Profitability ROA (net) 1.4 1.3 1.3 1.4 1.5 ROE (net) 15.3 14.8 14.9 15.8 16.3 Cost Ratios Cost to Income Ratio 67.1 67.4 66.7 67.0 65.1 Expenses Ratio 82.5 83.1 82.9 81.9 79.0 Yield Asset Yield 9.4 9.4 9.3 9.3 8.6 Cost of Fund 4.1 3.9 3.8 3.6
Slide 10: 1Q 2022 Performance: Bank Only Details
1Q 2022 Performance Bank Only Details 10
Slide 11: Loans Breakdown
Loans Breakdown Bank Only Consumer Micro Commercial Mortgage Segment YoY 1Q21 1Q22 120 (Rp bn) (%) Consumer 60,523 62,579 3.4% 100 7.8 8.1 Micro 5,894 6,197 5.1% 7.6 7.0 7.2 6.7 6.8 6.4 80 6.4 21.4 20.0 19.7 Commercial 17,396 21,356 22.8% 16.2 16.3 17.4 17.3 14.6 13.0 6.0 6.0 6.2 6.2 6.1 5.9 5.8 Mor
Slide 12: Consumer Loans
Consumer Loans Bank Only Civil Servant Loans (LHS) Pensioner Loans (LHS) NPL (RHS) YoY Key Indicators 1Q21 1Q22 70 1.0 (%) 0.9 Loans Outstanding 60,523 62,579 3.4% 60 0.8 Net Expansion 16.5 16.4 3,586 663 -81.5% 17.3 17.5 17.0 YtD (Rp bn) 16.7 17.0 50 16.3 16.1 0.7 Avg. Loans Outstanding 120 121 0.1
Slide 13: Micro Loans
Micro Loans Bank Only KMU (LHS) Govt Program (LHS) Others (LHS) NPL (RHS) YoY Key Indicators 1Q21 1Q22 (%) 7.0 3.0 Loans Outstanding 5,894 6,197 5.1% 6.0 Net Expansion 2.5 (245) 182 -174.4% YtD (Rp bn) 5.0 2.6 Avg. Loans Outstanding 2.6 150 125 -16.5% 3.2 3.1 2.8 2.0 (Rp mn) 3.3 2.8 2.7 3.0 4.0 No o
Slide 14: Commercial Loans
Commercial Loans Bank Only Working Capital (LHS) Investment (LHS) YoY Key Indicators 1Q21 1Q22 Syndicated (LHS) NPL (RHS) (%) 25.0 15.0 Loans Outstanding 17,396 21,356 22.8% 14.0 13.0 Net Expansion 1.5 1,142 1,616 41.5% 20.0 12.0 YtD (Rp bn) 1.2 1.2 1.6 1.6 11.0 1.6 Avg. Loans Outstanding 4,339 5,94
Slide 15: Mortgage Loans
Mortgage Loans Bank Only Mortgage Loans (LHS) NPL (RHS) YoY Key Indicators 1Q21 1Q22 (%) 9.00 15.0 8.1 14.0 Loans Outstanding 7,001 8,124 16.1% 8.00 7.8 7.6 13.0 7.2 7.0 12.0 Net Expansion 7.00 6.8 194 352 81.3% 6.7 YtD (Rp bn) 6.4 6.4 11.0 Avg. Loans Outstanding 6.00 10.0 212 204 -3.9% (Rp mn) 9.0
Slide 16: Deposit Breakdown
Deposit Breakdown Bank Only Current Account Savings Account Time Deposit Deposits Breakdown YoY 1Q21 1Q22 (Rp bn) (%) 140 Current Account 27,528 31,575 14.7% 120 Saving Account 19,203 22,561 17.5% 100 Time Deposit 57,526 66,438 15.5% 66.4 68.3 62.8 80 60.5 62.0 57.5 TOTAL 104,258 120,574 15.7% (Rp t
Slide 17: Guidance
Guidance 2022 (%) 1Q21 2Q21 3Q21 FY21 1Q22 Guidance Loans Growth 9 – 10 10.3 6.8 6.9 7.1 8.2 Deposit Growth 9 – 10 18.5 21.0 7.6 14.0 15.7 ROA (net) 1.3 - 1.5 1.4 1.3 1.3 1.4 1.5 ROE (net) 15 - 16 15.3 14.8 14.9 15.8 16.3 NIM 5.4 - 5.7 5.5 5.6 5.7 5.8 5.7 Cost of Fund 3.0 - 3.5 4.1 3.9 3.8 3.6 3.0 C
Slide 18: Special Mention Loans
Special Mention Loans Consumer (LHS) Micro (LHS) Commercial (LHS) Mortgage (LHS) % to Loans (RHS) Consumer Micro Commercial Mortgage 100% 3,000 3.5 90% 22 22 22 21 28 25 3.0 34 31 2,500 80% 37 574 578 Absolute Special Mention Loans (Rp bn) 560 70% Special Mention Contribution (%) 2.5 Special Mention
Slide 19: Non Performing Loans
Non Performing Loans Consumer (LHS) Micro (LHS) Commercial (LHS) Mortgage (LHS) % to Loans (RHS) Consumer Micro Commercial Mortgage 1,600 1.80 100% 90% 22 22 1,400 1.60 24 25 23 20 26 23 20 80% 1.40 1,200 Absolute Non Performing Loans (Rp bn) Non Performing Loan/Total Loans (%) 70% 324 350 1.20 335
Slide 20: Yield Analysis
Yield Analysis Others Placement to Asset Yield 1Q21 1Q22 1.4% BI (%) 7.3% Interbank Placement to Bank Indonesia 1.6 2.5 Placement 2.2% Interbank Placement 2.1 1.1 Loans Marketable Securities 4.8 4.0 68.2% Securities 21.0% Loans Yield 11.7 11.0 Cost of Fund 1Q21 1Q22 (%) Interbank Interbank Liabiliti
Slide 21: Capital Adequacy
Capital Adequacy Risk Weighted YoY 1Q21 1Q22 •Total Capital Rp 14.9 tr (+Rp 2 Tr YoY) Asset (RWA) (%) Total RWA 76,140 87,168 14.5% • Total CAR at 17.1% (+10 bps YoY) Credit Risk 57,240 64,127 12.0% Addition to Net Impact to RWA/ CAR Analysis Risk Weighting CAR Rp1tr Net Operational Risk 13,012 14,7
Slide 22: 1Q 2022 Performance: Consumer Loans Details
1Q 2022 Performance Consumer Loans Details 22
Slide 23: Civil Servant Loans
Civil Servant Loans Civil Servant Loans (LHS) NPL (RHS) YoY Key Indicators 1Q21 1Q22 50 0.5 (%) 46.2 45.4 45 44.1 42.9 42.9 43.2 43.3 Loans Outstanding 43,246 46,216 6.9% 42.1 41.1 40 0.4 Net Expansion 2,332 827 -64.5% YtD (Rp bn) 35 Avg. Loans Outstanding 111 114 2.5% 30 0.3 (Rp mn) (Rp tr) 25 No o
Slide 24: Pensioner Loans
Pensioner Loans Pensioner Loans (LHS) NPL (RHS) YoY Key Indicators 1Q21 1Q22 20 0.3 (%) 18 17.5 17.0 17.3 17.0 Loans Outstanding 17,278 16,364 -5.3% 16.7 16.5 16.3 16.4 16.1 16 Net Expansion 322 (164) -150.8% YtD (Rp bn) 14 0.2 Avg. Loans Outstanding 151 143 -5.5% 12 (Rp mn) (Rp tr) 10 No of Account
Slide 25: 1Q 2022 Performance: bank bjb Sharia Performance
1Q 2022 Performance bank bjb Sharia Performance 25
Slide 26: Result Summary: bank bjb Sharia
Result Summary bank bjb Sharia • Net Financing Income at Rp 129.8 bn (+29.0% YoY) Income • PPOP at Rp 36 bn (+38.8% YoY) Statement • Net Income at Rp 28.1 bn (+4059.2% YoY) • Total Financing at Rp 6.5 tr (+11.0% YoY) Balance Sheet • Total Deposits at Rp 7.4 tr (+20.9% YoY) • Total Asset at Rp 10.4 t
Slide 27: Income Statement: bank bjb Sharia
Income Statement bank bjb Sharia Income Statement YoY 1Q21 1Q22 (Rp mn) (%) Financing Income 176,571 186,180 5.4% Financing Expense 75,898 56,313 -25.8% Net Financing Income 100,673 129,867 29.0% Other Operating Income 9,518 10,191 7.1% Operating Expense 84,244 104,036 23.5% PPOP 25,947 36,022 38.8%
Slide 28: Balance Sheet: bank bjb Sharia
Balance Sheet bank bjb Sharia BS highlight YoY 1Q21 1Q22 (Rp Mn) (%) Cash 51,778 109,643 111.8% Current Account with Bank Indonesia 257,977 274,215 6.3% Secondary Reserves 1,608,910 3,062,050 90.3% Financing-net 5,722,294 6,382,513 11.5% Fixed Asset-net 303,123 300,266 -0.9% Other Asset 312,291 271,
Slide 29: Key Ratios: bank bjb Sharia
Key Ratios bank bjb Sharia Sharia 1Q21 1Q22 YoY (%) CAR 23.2 23.6 +0.4 NPF Gross 4.7 3.5 -1.2 NPF Nett 2.4 1.8 -0.6 ROA 0.1 1.4 +1.3 ROE 0.3 9.7 +9.4 BOPO 99.3 81.8 -17.5 FDR 95.6 87.3 -8.3 NIM 5.2 5.6 +0.4 29
Slide 30: Financing and Funding Breakdown
Financing and Funding Breakdown bank bjb Sharia Financing YoY 1Q21 1Q22 (Rp mn) (%) Murabahah 3,792,453 4,149,765 9.4% Qardh 152,811 125,035 -18.2% Financing 1,925,175 2,240,441 16.4% Istishna 1,248 683 -45.3% Total Gross Financing 5,871,687 6,515,924 11.0% Funding YoY 1Q21 1Q22 (Rp mn) (%) Wadiah C
Slide 31: Company Profile
Company Profile 31
Slide 32: Board of Commissioners
Board of Commissioners From Left to Right Farid Rahman Muhadi Fahlino F. Sjuib Independent President Commissioner Commissioner Independent Commissioner Last Position Last Position Last Position President Commissioner Commissioner of bank bjb (2015-2019) Board Member EBCICON of Bank Woori Saudara (20
Slide 33: Directors
Directors From Left to Right Tedi Setiawan Rio Lanasier Nancy Adistyasari Yuddy Renaldi Suartini Nia Kania Cecep Trisna Director of Director of IT, Treasury Director of President Director of Director of Director of Operations & International Banking Commercial & MSME Director Consumer & Retail Finan
Slide 34: Network Distribution
Network Distribution bjb Network 1Q21 1Q22 YoY North East Sumatera Kalimantan Office Channels 932 904 -28 Riau Branch 65 65 - Riau Island Sub Branch 312 839 +527 Cash Offices 341 - -341 South Sumatera Payment Point 214 - -214 bjb Priority 17 18 +1 Jakarta South MSME Center 6 6 - West Java Kalimantan
Slide 35: Human Capital
Human Capital Educational Breakdown Level 1Q21 1Q22 YoY Master of Board of Commissioners 5 5 - Doctora… Directors 7 7 - Top Management 33 35 2 Senior Management 158 161 3 Up to Bachelor Degree Middle Management 622 635 13 90% First Line Management 1,544 1,589 45 Age Breakdown Staff 5,233 5,140 -93 3
Slide 36: Shares and Ratings Information
Shares and Ratings Information Shares Issued shares 10,521,443,686 shares (March 31th, 2022) (New Shares Issued in Rights Issue I, Effective in March, 2022) Proceeds Rp 924,99 Bn Shares Issued 682.656.525 (B Series) JCI BJBR March 31th, 2022 Price 1.525 IPO – July 8th, 2010 MCap Rp16,0 Tr Price 600
Slide 37: Environment, Social and Governance (ESG)
1Q-2022 Performance Environment, Social and Governance (ESG) 37
Slide 38: Sustainable Banking
Sustainable Banking Sustainable Business Activities Infrastructure Financing & Government Collaboration Eco Friendly bjb INDAH Transportation Financing for infrastructure project, government-related MSME Business procurement and government short term deficit cash 30,26% flow. Activity 41,47% Renewab
Slide 39: Sustainable Operation
Sustainable Operation Digital Village 2.0 Program Empowering MSME’s Paperless Movement Support digitalization in a bjb PESAT Developing systems that number of administrative (Pemberdayaan Ekonomi Masyarakat Terpadu) can eliminate or reduce processes and financial paper use by digitalization Business
Slide 40: 2022 Awards
2022 Awards Indonesia Top 100 with a Brand Contact Center Sevice Excellence Indonesia Best BUMD Awards 2022 Most Popular Financial CEO'S Indonesia Most Popular Digital Value of US$ 104 mn and A Rating Award (CCSEA) 2022 Warta Ekonomi Awards Financial Branch Awards 2022 Majalah Investor dan Brand Fin
Slide 41: Contact Information
Contact Information Contact Person Investor Relations Gekan Purnama Zainal Menara bank bjb 7th Floor IR Head Jl. Naripan 12 – 14 gzainal@bankbjb.co.id Bandung 40111 Dandelina Rifyandini +622 4234868 IR Manager ir@bankbjb.co.id drifyandini@bankbjb.co.id Disclaimer : This report has been prepared by P
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