Pt Bank Central Asia Tbk · IDX:BBCA
Pt Bank Central Asia Tbk — FY2024 Earnings Presentation
37 slides from Pt Bank Central Asia Tbk's earnings presentation, Jan 23, 2025
Slide 1: FY24 Results
PT Bank Central Asia Tbk FY24 Results 23 January 2025
Slide 2: Agenda
Agenda • Economic Highlights • Banking Industry Updates • FY24 Performance Overview • Sustainable Finance and ESG • Share Data, Ratings & Awards Analyst Meeting FY24 PT Bank Central Asia Tbk 2
Slide 3: Economic Highlights
Economic Highlights FY24 Performance Sustainable Finance Share Data, Ratings Economic Highlights Banking Industry Updates Analyst Meeting FY24 Overview & ESG & Awards PT Bank Central Asia Tbk 3
Slide 4: Economic highlights (1/2)
Economic highlights (1/2) 1 GDP growth moves sideways, sustained at ~5% level 2 Nominal GDP recovery translates to better liquidity % YoY % YoY % YoY 10 20.00 40 Household Nominal GDP 8 Real GDP BCA Business consumption 5.15 15.00 30 6 5.07 Revenue Index* 4 4.95 2024 F: 5.0% 10.00 20 2 2025 F: 4.9%
Slide 5: Economic highlights (2/2)
Economic highlights (2/2) 5 Investment is slowing, but revenue is recovering 6 Minerals pass the baton to agricultural commodities % YoY % YoY 500 price index (2020 = 100) price index (2020 = 100) 800 40% 60% Revenue of listed companies 450 Coal 459.4 50% 700 30% 40% 400 Cocoa 600 20% 30% 350
Slide 6: Banking Industry Updates
Banking Industry Updates Banking Industry Updates FY24 Performance Sustainable Finance Share Data, Ratings Analyst Meeting FY24 Economic Highlights PT Bank Central Asia Tbk 6 Overview & ESG & Awards
Slide 7: Banking industry (1/2)
Banking industry (1/2) 1 Industry loans grew 10.4% YoY 2 BCA working capital loans grew in line with the industry YoY Growth YoY Growth 11.7% 13.3% 10.0% 13.9% 13.8% BCA 6.4% 8.3% Industry 11.7% 10.2% 10.7% 9.5% -1.4% 7.8% BCA 8.2% 2.3% 6.1% 11.0% 10.3% 10.4% Industry -4.8% 5.9% 4.9% 49% -2.5% 48% 4
Slide 8: Banking industry (2/2)
Banking industry (2/2) 5 Banking Industry saw rising LDR 6 A shifting trend from individual deposits to Gov’t bonds YoY Growth YoY Growth 97.1% 60.4% 84.9% 85.6% 90.4% LDR 48.4% 79.4% 80.5% 39.4% 12.2% 21.7% 11.4% 11.0% 10.3% 10.4% Loans 17.9% 17.7% Individual 11.3% 10.7% Gov’t Bonds 6.4% 7.8% 5.9%
Slide 9: FY24 Performance Overview
FY24 Performance Overview Banking Industry Updates FY24 Performance Sustainable Finance Share Data, Ratings Analyst Meeting FY24 Economic Highlights PT Bank Central Asia Tbk 9 Overview & ESG & Awards
Slide 10: Loans grew 13.8% YoY
Loans grew 13.8% YoY Consolidated (Rp tn) Dec-22 Dec-23 Dec-24 YoY Sep-24 QoQ Total Assets 1,315 1,408 1,449 2.9% 1,434 1.1% Secondary Reserves & 446 441 422 -4.2% 438 -3.5% Marketable Securities Loans 711 810 922 13.8% 877 5.1% Third Party Funds 1,040 1,102 1,134 2.9% 1,125 0.7% CASA 848 885 924 4.
Slide 11: NPAT rose 12.7% YoY owing to solid operating performance
NPAT rose 12.7% YoY owing to solid operating performance Consolidated (Rp tn) FY-22 FY-23 FY-24 YoY 3Q-24 4Q-24 QoQ Operating Income 84.9 97.9 107.4 9.7% 27.6 27.5 -0.4% Net Interest Income 64.0 75.1 82.3 9.5% 21.1 21.4 1.4% Non Interest Income 20.9 22.8 25.2 10.2% 6.6 6.2 -6.2% Fees and Commissions
Slide 12: Key Ratios
Key Ratios Bank Only FY-22 FY-23 FY-24 ∆YoY 3Q-24 4Q-24 ∆QoQ NIM 5.3% 5.5% 5.8% 0.3% 5.9% 6.0% 0.1% COC 0.7% 0.3% 0.3% 0.0% 0.6% -0.1% -0.7% Risk Adjusted NIM 4.7% 5.3% 5.6% 0.3% 5.3% 6.1% 0.8% Cost to Income 35.1% 34.1% 31.5% -2.6% 30.1% 35.1% 5.0% ROA 3.2% 3.6% 3.9% 0.3% 4.0% 4.1% 0.1% ROE 21.7% 2
Slide 13: Strong growth across segments
Strong growth across segments 1 Loan Growth (Rp tn) 2 Loan by Segment (Rp tn) 11.7% 13.9% 13.8% % YoY Consolidated Dec-23 Dec-24 YoY Sep-24 QoQ 8.2% Growth +12.5% -2.5% 111.5 Annual Corporate 368.9 426.8 15.7% 395.9 7.8% 99.1 Incremental 74.3 (Rp tn) 48.3 Commercial 126.6 137.9 8.9% 135.3 2.0% S
Slide 14: Corporate lending surged, propelled by investment loans
Corporate lending surged, propelled by investment loans 1 Investment Loan Facilities and Utilization Rate 2 Working Capital Loan Facilities and Utilization Rate • Investment loan facilities maintain double-digit expansion • Utilization rate improved 82% 81% 80% 83% 81% Utilization Rate (%) 57% Utili
Slide 15: SME loans maintain double-digit growth, outpacing industry
SME loans maintain double-digit growth, outpacing industry 1 BCA vs Industry SME Loan Growth (YoY) 2 BCA SME Loan Facilities and Utilization Rate • BCA consistently outgrew industry • Higher loan facilities and utilization rate driven by trading and 16.0% automotive sectors 14.2% 14.8% BCA 64% 64% U
Slide 16: Mortgages rose 11.2% YoY
Mortgages rose 11.2% YoY 1 BCA vs Industry Mortgages Growth (YoY) 2 BCA Mortgages New Booking and Runoffs (Rp tn) 13.6% 13.7% 12.3% 13.3 10.7% 11.2% BCA 12.0 11.2 11.6 11.7% 11.0% 10.8% 10.2% Industry Ex. 8.2 8.3 7.2 7.9 7.3 7.5 Subsidized* New Booking Run Off Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 4Q-2
Slide 17: Auto loans grew 14.8% YoY
Auto loans grew 14.8% YoY 1 BCA vs Industry Auto Loan Growth (YoY) 2 BCA Auto Loan New Booking and Runoffs (Rp tn) 22.2% 20.8% 18.4% 17.9% 12.2 12.0 11.6 11.9 12.1 15.4% 10.1 10.7 14.5% 14.8% BCA 9.1 9.3 9.5 11.5% 11.0% Industry* New Booking Run Off Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 4Q-23 1Q-24 2Q-
Slide 18: Consolidated LAR improved to 5.3%
Consolidated LAR improved to 5.3% 1 Loan at Risk (LAR) (Rp tn) 2 Special Mention (Consolidated, Rp tn) 2.5% 2.6% Consolidated Dec-23 Dec-24 ∆YoY Sep-24 ∆QoQ 2.2% 2.4% 2.1% SML Ratio Current Restruct. 21.2 11.9 -43.8% 13.1 -9.1% 17.8 20.6 22.1 21.1 19.6 SML O/S Special Mention 17.8 19.6 10.4% 21.1 -7
Slide 19: Consolidated CASA Ratio reached 81.5%
Consolidated CASA Ratio reached 81.5% Third Party Fund Composition (Rp tn) Third Party Funds (Rp tn) Savings Current Accounts Time Deposits Consolidated Dec-23 Dec-24 ∆YoY Sep-24 ∆QoQ 1,120.6 1,125.1 1,125.6 1,133.6 CASA 884.6 924.0 4.4% 915.3 0.9% 1,101.7 Current Accounts 348.5 361.9 3.9% 352.2 2.8
Slide 20: Wealth Management: AUM rose 35% YoY
Wealth Management: AUM rose 35%YoY BCA delivered strong growth in total AUM Online wealth management to enhance hybrid experience Available in myBCA apps Wealth • Online Buy / Sell Management Rp 268 tn Investments AUM rose • Investment portfolio report (Bonds & Mutual Funds) 35% YoY • Wealth investm
Slide 21: Transaction volume reached 36 bn, rose 21% YoY
Transaction volume reached 36 bn, rose 21% YoY End-to-end Supply Chain FY24 Supplier Principal Large-sized Distributor Mid-sized Distributor Retailer End customer No of Customers Powered by Integrated and Trusted Channels 33.1 million (+8% YoY or +2x in 5 yr) Merchant Point-of-Sales 1 Online Busines
Slide 22: Two leading mobile apps for customer choice
Two leading mobile apps for customer choice 1 Mobile & Internet Banking Trx Vol (bn) 2 Mobile & Internet Banking Trx Value (Rp tn) BCAmobile myBCA Since 2011 Since 2021 28,261 YoY +13.8% 31.6 YoY +23.5% 22,909 24,825 25.6 19,167 20.1 14.4 2021 2022 2023 2024 2021 2022 2023 2024 3 Mobile Banking Trx
Slide 23: Mobile apps feature enrichments for better customer experience
Mobile apps feature enrichments for better customer experience Multi-currency Wallet myBCA Worldwide Access Customer Portfolio Reports Financial Spending and Budgeting Analysis Access myBCA Easier tax 16 major reporting with VINDI: from anywhere foreign Customer Portfolio globally Real time notifica
Slide 24: Comprehensive solutions for business banking
Comprehensive solutions for business banking B2B2C B2C A longstanding track record, Provide extensive merchant point of sale (POS) network, continuously evolving platform constantly enlarging the acceptance ecosystem Merchant Apps Merchant Point- Robust Collection & BCA of-Sale (POS) Ease in Managin
Slide 25: Delivering trusted relationship through off-line channels
Delivering trusted relationship through off-line channels Contribution from branch and ATM remained significant, >36% of total transaction value Self Assisted Machines In-person Banking Deliver recurring transaction services focus on customer relationships & value- added services >> ~60% of total Sw
Slide 26: Sustainable Finance and ESG
Sustainable Finance and ESG • Economic Aspect • Environment • Social • Governance Banking Industry Updates FY24 Performance Sustainable Finance Share Data, Ratings Analyst Meeting FY24 Economic Highlights PT Bank Central Asia Tbk 26 Overview & ESG & Awards
Slide 27: Moving towards sustainable banking
Moving towards sustainable banking Implement responsible financing Measure and manage carbon footprint Set up credit policies on high ESG risk sectors Calculated 100% of 2024 operational emission 349,741 ton CO2eq Palm Oil Plantation Coal Mining Toll Road Cement & Basic Timber & Forest & Industry De
Slide 28: Sustainable Financing grew 12.5% YoY
Sustainable Financing grew 12.5% YoY Commitments in Sustainable Financing Commitments in Green Financing Outstanding (Rp Trilion) Green Financing YoY Breakdown Sustainable transportation 229 12.5% 10% 203 183 159 Green building 99 13.5% 6% Green 87 Natural Green Financing 81 5% Eco-efficient product
Slide 29: Towards Environmentally Friendly Operations
Towards Environmentally Friendly Operations Saved 4,216 tons CO2eq in 2024 through : Digital Products & Recycle & Waste Green Building & Support Nature Solutions Management Efficiency Conservation • Manage various types of • Minimize energy intensity: • Enhance digital capabilities to Tree Planting
Slide 30: Fostering Communities and Cultivating Culture
Fostering Communities and Cultivating Culture Spending on Employee Wellbeing Empowering Communities for Economic Growth Rp billion 4 Pillars of wellbeing 30 Assisted villages across Indonesia Added value to assissted 763 808 villages: 595 Mental & Career Promote responsible tourism >29k Physical Hea
Slide 31: Recognitions of Good Governance and overall ESG
Recognitions of Good Governance and overall ESG ASEAN Corporate Governance MSCI Indonesia Index FTSE4Good ASEAN 5 Index Scorecard Rating Top 10 Constituents Top 10 Constituents 106.6 101.9 BCA constituents of: • IDX ESG Leaders Index 85.2 BCA 77.0 • SRI – KEHATI Index Average 67.0 70.0 • ESG Quality
Slide 32: Share Data, Ratings & Awards
Share Data, Ratings & Awards Banking Industry Updates FY24 Performance Sustainable Finance Share Data, Ratings Analyst Meeting FY24 Economic Highlights PT Bank Central Asia Tbk 32 Overview & ESG &Awards
Slide 33: BCA share performance & rating
BCA share performance & rating BCA Shareholding Structure (31 December 2024) Performance BBCA vs IDX Finance Index (Relative price up to 16 Jan 2025 against 1 Jan 2018) Number Ownership 148.9% of Shares Percentage 150% BCA Share Price 135.7% 130% PT Dwimuria Investama Andalan * 67,729,950,000 54.94%
Slide 34: Selected awards and recognitions - 2024
Selected awards and recognitions - 2024 Best Bank Newsweek Euromoney World’s Most Trustworthy Finance Asia Awards 2024 Private Banking Awards 2024 Companies 2024 Indonesia Best Domestic Bank • Best for Next Gen in Indonesia No 1 World’s Most Trustworthy (Highly Commended) • Best for HNW in Indonesia
Slide 35: Publications in BCA website
Publications in BCA website (www.bca.co.id) Scan QR or Click Image to access the file Audited / Long Corporate Presentations Form Reports Short Form Reports 31 Dec 2024 (tidak diaudit) PT Bank Central Asia Tbk Financial Statements FY-24 Economic Reports Annual Reports Sustainability (incl. GCG) Repo
Slide 36: DISCLAIMER
DISCLAIMER This Presentation has been prepared by PT Bank Central Asia Tbk (“BCA”) for information purposes only. This Presentation including any information, estimation and/or projections contained herein or provided by BCA in any other written or verbal communication (the “Information”) does not c
Slide 37: Thank You
SECA . Thank You