PT Bank Tabungan Negara (Persero) Tbk · IDX:BBTN
PT Bank Tabungan Negara (Persero) Tbk — Q2 2018 Earnings Presentation
41 slides from PT Bank Tabungan Negara (Persero) Tbk's earnings presentation, Jul 18, 2018
Slide 1: Analyst Meeting
ANALYST MEETING PT Bank Tabungan Negara (Persero) Tbk. Business & Financial Performances as of June 30, 2018 Jakarta, July 18th 2018
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
Slide 3: Outline
Outline Page Macroeconomy 4 2Q18 Summary 8 Performance Overview 11 Sharia Business 35 Appendices 38 3
Slide 4: 1. Macroeconomy
Bank @ BTN Macroeconomy
Slide 5: Macroeconomy: Manageable Inflation & Higher Benchmark Rate
Macroeconomy: Manageable Inflation & Higher Benchmark Rate Low Inflation & Interest Rate Hike Robust Economic Growth • Inflation was controlled at 3.12% (yoy) in June • The economy grew by 5.06% (yoy) in 1Q18, 2018, still within BI’s target of 3.5±1%. supported by stronger investment and • During 2Q
Slide 6: BBTN Loan & Deposit: Above Industry's Growth
BBTN Loan & Deposit: Above Industry’s Growth Robust Loan Growth In June 2018, BBTN Loan grew by 19.14% (yoy), far above industry growth at 10.3% (yoy) in May 2018. Its acceleration was sustained by Subsidized Mortgages. Strong Deposits Growth Total Deposits of BBTN increased by 19.17% (yoy) in June
Slide 7: Housing Industry: Stronger Quarterly Growth of Residential Property Prices
Housing Industry: Stronger Quarterly Growth of Residential Property Prices Residential Property Price Index Growth of Property Sales (% qtq) • Residential Property Price Index in 1Q18 • Residential property sales significantly accelerated quarterly from 0.55% (qtq) to decelerated from 26.69% (qtq) t
Slide 8: 2Q18 Summary
Bank @ BTN Be 2Q18 Summary
Slide 9: Bank BTN's Achievement on 1 Million Houses Program
Bank BTN’s Achievement on 1 Million Houses Program Progress as of Jun 30, 2018 Construction Loans Support in Progress Target Mortgage Disbursed Loan Type Approved Approved Total (Unit) 2018 Total prior to 2018 in 2018 Unit IDR Bn Unit IDR Bn Unit IDR Bn Unit IDR Bn Unit IDR Bn Subsidized Mortgage 60
Slide 10: 2Q18 Key Takeaways
2Q18 Key Takeaways Robust • Loan growth was 19.14% (yoy) in support of the 1 Million Houses Program • Subsidized mortgage demand remained strong with 30.26% (yoy) growth Loan • Sustaining the leadership of mortgage in Indonesia by 37.47% & holding 94.12% of national Growth subsidized mortgage disbur
Slide 11: 3. Performance Overview
Bank @ BTN ZS Performance Overview 11
Slide 12: Financial Highlight
Financial Highlight (IDR Billion) INDU FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 1H 2017 1H 2018 y.o.y (APR Total Asset 131,170 144,582 171,808 214,168 261,365 224,067 268,044 19.63% 9. Total Loan & Financing 100,467 115,916 138,956 164,446 198,991 177,401 211,353 19.14% 10.26 Total Deposits 96,213 10
Slide 13: Balance Sheet
Balance Sheet (IDR Billion) FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 1H 2017 1H 2018 y.o.y Total Assets 131,170 144,582 171,808 214,168 261,365 224,067 268,044 19.63% Total Earning Assets 118,305 132,192 157,049 195,780 234,161 203,880 243,747 19.55% - Term Deposit with BI 4,834 1,496 7,529 17,581 18
Slide 14: Asset Composition
Asset Composition Total Assets (IDR Trillion) Assets Composition (%) 14
Slide 15: Earning Asset Composition
Earning Asset Composition Total Earning Asset Earning Asset Composition (IDR Trillion) (%) 15
Slide 16: 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 30-Jun-17 30-Jun-18 Loans Type y.o.y IDR Bn Shares IDR Bn Shares 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
Slide 17: Mortgages: Growth Remained Strong
Mortgages: Growth Remained Strong Total Mortgages Mortgage Composition (IDR Billion) (%) Subsidized Mortgages Non Subsidized Mortgages (IDR Billion) (IDR Billion) 17 Note : Figures on all graphs include Sharia Financing
Slide 18: Loan Disbursement
Loan Disbursement IDR Trillion IDR Billion 6 Months of Loans Type FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 y.o.y 2017 2018 IDR Bio Housing Loans 33,955 34,029 41,812 47,216 57,888 24,894 28,051 12.68% Subsidized Mortgages 6,506 7,960 12,771 17,527 23,499 9,500 11,020 15.99% Non-Subsidized Mortgages 1
Slide 19: Loan Quality: NPL Continues to Improve
Loan Quality: NPL Continues to Improve Gross NPL Net NPL (%) (%) Note : Figures on graph include Sharia Financing 19
Slide 20: 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 30-Jun-17 30-Jun-18 Collectibility IDR Bn Share IDR Bn Share 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
Slide 21: Special-Mentioned Loan
Special-Mentioned Loan Special-Mentioned Loan Special-Mentioned by Loan Type (%) (%) Note : Figures include Sharia Financing 21
Slide 22: Liabilities: Sufficient to Support Loan Growth
Liabilities: Sufficient to Support Loan Growth Total Liabilities Funding Composition (IDR Trillion) (IDR Trillion) Funding Composition (%) 22
Slide 23: Deposits
Deposits Total Deposits Mix (IDR Trillion) Deposits FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 1H2017 1H2018 y.o.y Current Account 19.12 23.23 31.37 45.85 54.66 41.73 48.63 16.55% Savings Account 24.24 25.55 30.76 34.83 40.95 33.04 39.46 19.44% Time Deposits 52.86 57.70 65.62 79.52 97.35 84.36 101.54 2
Slide 24: Equity (1/2)
Equity (1/2) Total Equity (IDR Trillion) CAR - BI (%) 24
Slide 25: Equity (2/2)
Equity (2/2) 2013 2014 2015 2016 2017 30-Jun-17 30-Jun-18 Tier - 1 Capital 9,879 10,736 12,172 16,443 18,728 16,216 18,491 Tier - 2 Capital 722 797 1,721 3,776 3,368 3,550 3,123 Capital on B/S 11,557 12,253 13,860 19,131 21,663 19,851 22,379 RWA - Credit Risk 57,749 66,251 70,474 86,189 101,494 92,0
Slide 26: Income Statement
Income Statement (IDR Billion) FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 1H 2017 1H 2018 y.o.y Interest Income 11,197 13,374 15,567 17,852 20,081 9,354 10,668 14.04% Interest Expense (5,558) (7,893) (8,700) (9,600) (10,637) (5,136) (5,902) 14.91% Net Interest Income 5,639 5,482 6,867 8,252 9,444 4,218
Slide 27: Interest Income Composition
Interest Income Composition (IDR Billion) FY2013 FY2014 FY2015 FY2016 FY2017 1H2017 1H2018 Y.o.Y Placement with Bank Indonesia 74 81 107 111 154 46 72 56.69% Placement with other bank 63 40 37 56 15 11 9 -10.53% Securities 726 982 858 971 971 482 410 -14.96% Loan 9,605 11,353 13,523 15,458 17,387 8,
Slide 28: Interest Expense Composition
Interest Expense Composition (IDR Billion) FY2013 FY2014 FY2015 FY2016 FY2017 1H2017 1H2018 Y.o.Y Bank Indonesia 5 2 1.06 - - - - #DIV/0! Deposits from other Banks 39 84 328 285 394 203 126 -38.08% Deposits from Non Banks 4,082 6,290 6,750 7,363 7,946 3,915 4,468 14.13% Securities Issued 826 787 883
Slide 29: Other Operating Income Composition
Other Operating Income Composition (IDR Billion) FY2013 FY2014 FY2015 FY2016 FY2017 1H2017 1H2018 Y.o.Y Marked to market 17 7 - 10 7 62 110 76.67% Gain 32 112 170 273 396 184 138 -24.74% Reversal on Provisions 8 5 7.51 0.10 0.02 3 0.02 -99.47% Commissions, Services & Admin Fee *) 31 496 596 656 893
Slide 30: Other Operating Expense Composition
Other Operating Expense Composition (IDR Billion) FY2013 FY2014 FY2015 FY2016 FY2017 1H2017 1H2018 Y.o.Y Provisions 441 777 901 708 884 372 418 12.25% Salaries & Employee Benefit 1,161 1,260 1,459 1,619 1,907 1,062 1,313 23.61% Electricity, Telp, Office Supp. 365 494 591 660 853 327 402 22.84% Other
Slide 31: Key Financial Ratios (1/4)
Key Financial Ratios (1/4) Net Income (IDR Billion) Net Interest Margin Cost Income Ratio *) 31 Note : *) Reclassified
Slide 32: 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 32
Slide 33: 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 33
Slide 34: Key Financial Ratios (4/4)
Key Financial Ratios (4/4) Loan-to-Deposit Ratio Liquidity Coverage Ratio 34
Slide 35: 4. Sharia Business
Bank @ BTN ZS Sharia Business 35
Slide 36: Sharia Business
Sharia Business Sharia Net Profit (IDR Billion) Sharia Assets Sharia Deposits (IDR Billion) (IDR Billion) 36
Slide 37: Sharia Financings & NPF
Sharia Financings & NPF Sharia Financings Sharia Disbursement (IDR Billion) (IDR Billion) Sharia NPF (Gross) Sharia NPF (Net) (%) (%) 37
Slide 38: 5. Appendices
Bank @ BTN 5. | Appendices 38
Slide 39: Shares Information
Shares Information Share Ownerships Composition as of Jun 30, 2018 Ownership # of Shares % GOI 6,354,000,000 60.00% Public 4,236,000,000 40.00% - Domestic 1,380,679,953 13.04% - Foreign 2,855,320,047 26.96% Total 10,590,000,000 100.00% Average Volume PBV Market Cap Period Opening Lowest Highest Clos
Slide 40: Outlets
Outlets Kalimantan Sulawesi Regional Offices - Regional Offices 1 Branch Offices 6 Branch Offices 6 Papua & Maluku Sub Branch Offices 18 Sub Branch Offices 17 Regional Offices - Cash Outlets 20 Cash Outlets 21 Branch Offices 3 Sharia Outlets 4 Sharia Outlets 4 Sub Branch Offices 3 Priority Outlet 5
Slide 41: 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 41
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