Pt Bfi Finance Indonesia Tbk · IDX:BFIN
Pt Bfi Finance Indonesia Tbk — 9M24 Earnings Presentation
12 slides from Pt Bfi Finance Indonesia Tbk's earnings presentation, Oct 29, 2024
Slide 1: Investor Presentation
INVESTOR PRESENTATION PT BFI FINANCE INDONESIA TBK 29 October 2024
Slide 2: Key Financial Highlights
Key Financial Highlights Gradually regaining momentum with QoQ Bookings up 19.1% yoy • QoQ Bookings increase by 19.1% to Rp5,130 billion and YTD booking down by 1.6% YoY to Growth Rp14,219 billion. Gradually regaining confidence and momentum as credit quality improves • Total Managed Receivables gre
Slide 3: Balance Sheet Highlights
Balance Sheet Highlights Back on a growth trajectory with improved 3Q performance and better credit quality In Rp bil * 9M24 9M23 YoY ∆ Comments 3Q24 2Q24 QoQ ∆ (unless otherwise stated) New Bookings** 14,219 14,455 1.6% QoQ saw almost all products grow 5,130 4,306 19.1% Managed Receivables^ 23,
Slide 4: Balance Sheet Highlights
Balance Sheet Highlights The highest quarterly booking in since cyber attack and market downturn in 2023 Quarterly Bookings (excl Pinjam Modal) Trend (2020-3Q24) 6,354 6,317 5,198 5,130 4,626 4,783 4,425 4,306 4,043 4,104 3,983 4,155 3,895 3,137 3,196 2,921 2,166 1,333 57 1Q20 2Q20 3Q20 4Q20 1Q21 2Q
Slide 5: Product Breakdown
Product Breakdown Gradually recovering momentum in NDF book after strict mitigation for last few quarters Breakdown of Bookings (excl Pinjam Modal) Breakdown of Receivables (incl Pinjam Modal) 9M23 vs 9M24 9M23 vs 9M24 2% 2% 1% 1% 3% 3% 3% 4% 4% 5% 13% 14% 14% 15% 13% 12% 9% 7% 58% 55% 56% 53% 12% 8
Slide 6: Profit & Loss Highlights
Profit & Loss Highlights Top line growth couple with COC improvement drives significant PBT growth in 3Q242 In Rp bil * 9M24 9M23 YoY ∆ Comments 3Q24 2Q24 QoQ ∆ (unless otherwise stated) Interest Income 3,230 3,309 2.4% Due to lower receivables balance 1,085 1,079 0.6% Financing Cost 706 720 2
Slide 7: Key Ratios
Key Ratios Improve on overall QoQ performance In Rp bil * 9M24 9M23 YoY ∆ Comments 3Q24 2Q24 QoQ ∆ (unless otherwise stated) Net Interest Spread 11.9% 12.7% 84 bps Change in product composition 11.8% 11.9% 9 bps Cost to Income 46.9% 43.0% 393 bps 45.2% 47.7% 258 bps CoC decreased from 4.5% t
Slide 8: Strong Balance Sheet Quality
Strong Balance Sheet Quality NFP trend still below industry NPF Trend Write-Off Trend 2020-9M24 2020-9M24 4.5% 4.5% 4.1% 4.0% 4.0% 4.0% 3.9% 3.5% 3.4% 3.5% 3.0% 3.0% 3.0% 2.5% 2.5% 2.8% 1.8% 2.5% 2.0% 2.0% 2.3% 1.70% 1.36% 1.42% 1.5% 1.25% 1.5% 1.00% 1.0% 1.0% 0.5% 0.8% 0.5% 0.0% 0.0% 2020 2021 2022
Slide 9: Strong Capital Base
Strong Capital Base Funding sources still dominated by bank borrowings Source of Funding External Funding Sources 2020-9M24 9M24 JF 7% 8,756 9,500 10,249 6,606 7,429 Bonds 21% 103 494 258 1,581 947 Borrowings IDR 45 4,721 2,935 50% 2,979 2,487 Borrowings USD 10,247 22% 9,898 8,666 4,795 4,789 2020 2
Slide 10: Historical Financials
Historical Financials Proven Track Record with Ability to Withstand Economic Cycles Bookings vs Receivables (Rp bil) 2020-9M24 20,081 19,081 • Maintains YoY 14,455 14,219 growth 13,149 momentum 7,599 13,947 14,571 20,498 22,012 21,917 23,003 2020 2021 2022 2023 9M23 9M24 Revenue (Rp bil) 2020-9M24 •
Slide 11: Historical Financials
Historical Financials Proven Track Record – Consistently Outperforming the Industry PAT (Rp bil) Track Record ROA vs Industry ROE vs Industry 2020-9M24 2020-9M24 2020-9M24 1,807 21.9% 12.2% 1,644 17.7% 16.2% 8.4% 15.1% 1,131 1,115 15.0% 7.7% 14.4% 9.6% 14.5% 5.6% 11.2% 5.7% 11.4% 702 5.0% 5.3% 4.5%
Slide 12: 18,000 Active Agents & Distribution Network
Distribution Network Multichannel Selling Strategy with Extensive Branch and Non-Branch Touchpoints Across the Archipelago Over 18,000 Active Agents & 267 Outlets* Sumatera 11% Kalimantan 18% 40 outlets 25 outlets Sulawesi and East 21% 46 outlets Java & Bali 50% 111 outlets * Consists of 191 branche
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