Pt Bank Central Asia Tbk · IDX:BBCA
Pt Bank Central Asia Tbk — Q1 2024 Earnings Presentation
36 slides from Pt Bank Central Asia Tbk's earnings presentation, Apr 22, 2024
Slide 1: 1Q24 Results
PT Bank Central Asia Tbk 1Q24 Results 22 April 2024
Slide 2: Agenda
Agenda • Economic Highlights • Banking Industry Updates • 1Q24 Performance Overview • Sustainable Finance and ESG • Share Data, Ratings & Awards Analyst Meeting 1Q24 PT Bank Central Asia Tbk 2
Slide 3: Economic Highlights
Economic Highlights 1Q24 Performance Sustainable Finance Share Data, Ratings Analyst Meeting 1Q24 Economic Highlights Banking Industry Updates PT Bank Central Asia Tbk 3 Overview & ESG & Awards
Slide 4: Economic highlights (1/2)
Economic highlights (1/2) 1 Real GDP growth, by drivers 2 BCA transaction data & Nominal GDP • Despite slowing exports, resilient consumption and especially • Business transaction starts to show increasing trend, which bodes well investment sustains stable GDP growth for nominal GDP growth % YoY % Y
Slide 5: Economic highlights (2/2)
Economic highlights (2/2) 5 Headline & core inflation 6 Real rate differentials • Indonesian inflation has eased considerably after the fuel price hike in • Real rate differentials between Indonesia and the US is relatively late 2022, but geopolitical outcomes remain unpredictable narrow, compared t
Slide 6: Banking Industry Updates
Banking Industry Updates Banking Industry Updates 1Q24 Performance Sustainable Finance Share Data, Ratings Analyst Meeting 1Q24 Economic Highlights PT Bank Central Asia Tbk 6 Overview & ESG & Awards
Slide 7: Banking industry (1/2)
Banking industry (1/2) 1 Loan, GDP Growth (YoY) and GDP Multiplier 2 Working Capital Loan Growth (YoY) • Nominal GDP growth softened, affected by global disinflation, • BCA’s working capital loan grew in-line with the industry while loan growth remains strong BCA 15.4% 13.3% 12.7% 9.9% 10.3% 11.0% Y
Slide 8: Banking industry (2/2)
Banking industry (2/2) 5 Industry CASA Growth (YoY) 6 Industry CA Growth (YoY) • CASA growth started to rebound in 1Q-24. BCA outperformed. • BCA’s CA grew in line with the sector, above industry in Mar24 27.0% 21.0% 19.1% 23.7% 18.1% 21.1% 13.6% 24.3% 13.7% 13.4% 10.6% 14.0% 11.3% 16.9% 10.1% 12.5%
Slide 9: 1Q24 Performance Overview
1Q24 Performance Overview Banking Industry Updates 1Q24 Performance Sustainable Finance Share Data, Ratings Analyst Meeting 1Q24 Economic Highlights PT Bank Central Asia Tbk 9 Overview & ESG & Awards
Slide 10: Strong loan growth at 17.1% YoY
Strong loan growth at 17.1% YoY Rp trillion Mar-23 Mar-24 YoY Sep-23 Dec-23 QoQ Total Assets 1,321.7 1,444.0 9.3% 1,381.4 1,408.1 2.5% Secondary Reserves & 456.0 451.2 -1.1% 461.2 440.9 2.3% Marketable Securities Loans 713.8 835.7 17.1% 766.1 810.4 3.1% Third Party Funds 1,038.8 1,120.6 7.9% 1,0
Slide 11: PPOP growth and improved asset quality supported profitability
PPOP growth and improved asset quality supported profitability Rp trillion 1Q-23 1Q-24 YoY 3Q-23 4Q-23 QoQ Operating Income 24.5 26.2 7.0% 24.6 25.9 1.3% Net Interest Income 18.5 19.8 7.1% 18.8 19.5 2.0% Non Interest Income 6.0 6.4 6.8% 5.8 6.4 -0.5% Fees & Commissions 4.1 4.5 8.6% 4.5 4.5 -0.4%
Slide 12: Key Ratios
Key Ratios Bank Only 1Q-23 1Q-24 YoY 3Q-23 4Q-23 QoQ NIM 5.6% 5.6% 0.0% 5.5% 5.6% 0.0% COC 0.8% 0.4% -0.4% 0.3% -0.1% 0.5% Risk Adjusted NIM 4.8% 5.2% 0.4% 5.2% 5.7% -0.5% Cost to Income 34.4% 32.4% -2.0% 36.1% 36.5% -4.1% ROA (after tax) 3.4% 3.6% 0.2% 3.5% 3.7% -0.1% ROE 22.3% 22.7% 0.4% 22.3%
Slide 13: A record high net loan growth in 1Q
A record high net loan growth in 1Q 1 Loan Net Growth (Rp tn) - Consolidated 2 Loan Breakdown - Consolidated 17.1% % YoY 12.3% 8.6% 12.0% Rp trillion Mar-23 Dec-23 Mar-24 YoY QoQ Growth -4.1% +2.4x 121.9 Yearly Net Corporate 318.7 368.7 389.2 22.1% 5.6% Growth (Rp tn) 67.3 76.7 50.3 Commercial 1
Slide 14: Corporate loans: sound loan expansion
Corporate loans: sound loan expansion Bank Only 1 Corpo. - Working Cap. Loans Facility & Utilization Rate 2 Corpo. - Investment Loans Facility & Utilization Rate • Improving utilization, towards last’s year rate • Stronger demand in investment loans Utilization 80% 82% 81% Utilization 56% 55% 55% 77
Slide 15: SME loans outperformed industry
SME loans outperformed industry Bank Only 1 BCA vs Industry SME Loan Growth (YoY) 2 BCA SME Loan Facility & Utilization Rate • BCA SME outperformed industry • Improving utilization rate 15.0% 15.5% 16.4% 15.5% BCA 12.6% 63% 63% Utilization Rate (%) 61% 62% 62% Industry Ex Micro* 169 171 175 Loan Fac
Slide 16: Mortgages rose 11% YoY supported by hybrid exhibition
Mortgages rose 11% YoY supported by hybrid exhibition Bank Only 1 BCA vs Industry Mortgages Growth (YoY) 2 BCA Mortgages New Booking and Runoffs (Rp tn) • BCA mortgages steady growth • 39% of new booking was driven by hybrid exhibition 12.6% Industry Ex. 12.0% 12.3% Subsidized 11.6% 11.4 11.2 11.7%
Slide 17: Auto loans new booking rose 24% YoY
Auto Bank Only loans new booking rose 24% YoY 1 BCA vs Industry Auto Loan Growth (YoY) 2 BCA Auto Loan New Booking and Runoffs (Rp tn) • BCA auto loans consistently outgrew industry • 24% of new booking came from hybrid expo, expect more in 2Q. 25.6% 25.1% 25.6% 25.7% BCA 10.6 20.9% 9.8 9.7 7.8 8.4
Slide 18: LAR improved to 6.6%
LAR improved to 6.6% 1 Loan at Risk (LAR) - Bank Only 2 Special Mention (Bank Only, Rp tn) Rp trillion Mar-23 Dec-23 Mar-24 ∆YoY ∆QoQ O/S Special 13.8 19.4 17.6 16.7 19.3 Mention Loan at Risk: 46.8% ≤ 7 Days 51.6% 48.5% Current Restruct. 40.1 21.4 16.8 -58.1% -21.5% 58.7% 54.4% Special Mention 13.8
Slide 19: Transaction volume reached 8.3 bn, rose 21% YoY
Transaction volume reached 8.3 bn, rose 21% YoY C2C B2C B2B 1 Two powerful mobile banking apps 2 EDC Terminal, Point-of-Sales (POS) & Merchant Apps 3 Internet Business Banking No of Customers 31.3 million (+7% YoY or 2x in 5 yr) 4 E-money & 5 ATM/CRM/CDM e-wallet 6 One Click Payment Robust transacti
Slide 20: Two powerful mobile apps for customer choice
Two powerful mobile apps for customer choice myBCA BCAmobile Mobile & Internet Banking Trx Vol (bn) Mobile & Internet Banking Trx Value (Rp tn) Since 2021 Since 2011 +1.8x +2.7x 25.6 22,909 24,825 20.1 19,167 14.4 +24% YoY +12% YoY 5.8 7.2 5,880 6,586 2021 2022 2023 1Q23 1Q24 2021 2022 2023 1Q23 1Q2
Slide 21: Offering business solutions from Corporate to SMEs
Offering business solutions from Corporate to SMEs Business banking platform for various scales and needs Extensive network of POS equipped with merchant apps • Business Dashboard • Transfer • E-Statement • Payment • Payroll merchantBCA New merchant • Portfolio & Balance Information • Electronic Pay
Slide 22: Branch and contact center
Branch and contact center 1,258 Branches Contact Center Delivering ‘Trusted Relationship’ An integrated channel with digital services Hybrid On-boarding and Touchpoints HaloBCA Apps 1Q24 HIGHLIGHTS: ~47% of total • Expanding and upgrading the ’hybrid model’ transactions at branch for All Segments ~9
Slide 23: ATM/CRM/CDM complement branches for 24-hour cash society
ATM/ CRM / CDM compliment branches for 24-hour cash society No of ATM /CRM Daily Trx Value and No. of Transaction Daily Trx Value (Rp tn) 6.4 6.4 18,348 19,055 6.3 6.2 6.2 Deposit & 6.3 5.9 6.3 Withdrawal 6.2 68% 75% Machine 5.7 5.9 Daily No. of 5.5 ATM 5.4 Trx. (mn) 32% 25% 5.1 Mar 23 Mar 24 Dec-19
Slide 24: Sustainable Finance and ESG
Sustainable Finance and ESG • Economic Aspect • Environment • Social • Governance Banking Industry Updates 1Q24 Performance Sustainable Finance Share Data, Ratings Analyst Meeting 1Q24 Economic Highlights PT Bank Central Asia Tbk 24 Overview & ESG & Awards
Slide 25: Sustainable financing grew 9.1% YoY
Economic Aspect Sustainable financing grew 9.1% YoY 1 Sustainable financing (in Rp trillion) 3 Key Highlights up to Mar-24 CAGR: 12.7% YoY: ► Signed a joint commitment on ESG initiatives to support 203 197 9.1% 183 181 Indonesia's Net Zero Emission (NZE) target with OJK 159 87 80 5.1% ► Carbon accou
Slide 26: Offering various sustainability programs to capture opportunities
Economic Aspect Offering various sustainability programs to capture opportunities 1 Rising Electronic Vehicle (EV) financing portfolio 2 Moving towards more sustainable palm oil sector Loan outstanding for EV financing 1Q24 New Booking ► Financing to certified palm oil (ISPO/RSPO). in Rp billion 1,2
Slide 27: Preserving the environment through responsible banking
Environment Preserving the environment through responsible banking Total Carbon Savings Potential (tCO2 eq.) 1 2 YoY: Types of waste: 3,021 51% of transactions in 1Q24 done 208 ton 45 13% 99.7% through digital channels waste recycled ► EDC machines 360 142% ► Expired archives & Digital workplace doc
Slide 28: Benefiting wider communities through value-added initiatives
Social Benefiting wider communities through value-added initiatives 1 Inspired to be a workplace of choice to employees 3 Bringing positive impacts to external communities 4 Pillars of Wellbeing » Intermediating tourism villages with BCA’s customers Social & Mental & Career Financial Community Physi
Slide 29: Strengthening corporate governance
Governance Strengthening corporate governance 1 Good governance for sustainable business practices 2 Rising importance of IT Governance Established Cyber Security Risk Dedicated IT Security Group to Fair dealing applied to both internal & vendors (e.g. human Management to implement risk carry out cy
Slide 30: ESG Rating & Awards
ESG Rating & Awards MSCI Indonesia Index FTSE4Good ASEAN 5 Index Top 10 Constituents Top 10 Constituents BCA constituents of: World’s Strongest Banking Brand 2024 • IDX ESG Leaders Index • SRI – KEHATI Index • ESG Quality 45 IDX – KEHATI 2024 Annual Brand Value Ranking • ESG Sector Leaders IDX – KEH
Slide 31: Share Data, Ratings & Awards
Share Data, Ratings & Awards Banking Industry Updates 1Q24 Performance Sustainable Finance Share Data, Ratings Analyst Meeting 1Q24 Economic Highlights PT Bank Central Asia Tbk 31 Overview & ESG & Awards
Slide 32: BCA share performance & rating
BCA share performance & rating BCA Shareholding Structure (31 March 2024) Performance BBCA vs IDX Finance Index (Relative price up to 17 Apr 2024 against 1 Jan 2018) Number Ownership of Shares 150% Percentage 135.7% 130% PT Dwimuria Investama Andalan * 67,729,950,000 54.94% BCA Share Price 112.3% 11
Slide 33: Selected awards and recognitions - 2024
Selected awards and recognitions - 2024 Best Bank Euromoney Brand Finance Private Banking Awards 2024 World’s Strongest Banking Brand 2024 • Best for Next Gen in Indonesia AAA+ (93.8/100) • Best for HNW in Indonesia TAB Global Gallup Excellence in Retail Finance Awards 2024 Global Customer Engagemen
Slide 34: 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 Maret 2024 (tidak diaudit) Economic Reports Annual Reports Sustainability (incl. GCG) Reports Analyst Meeting 1Q24 PT Bank Central Asia Tbk
Slide 35: 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 36: Thank You
SECA . Thank You