Pt Bank Pembangunan Daerah Jawa Barat & Banten Tbk · IDX:BJBR
Pt Bank Pembangunan Daerah Jawa Barat & Banten Tbk — Bank Pembangunan Daerah Jawa Barat dan Banten (bank bjb) — Q4 2011 Earnings Presentation
37 slides from Pt Bank Pembangunan Daerah Jawa Barat & Banten Tbk's earnings presentation, 2012
Slide 1: On Going Structural Changes - 4Q11 Analyst Meeting
On Going Structural Changes 4Q11 Analyst Meeting bank bjb 1
Slide 2: Strong Economic Growth With CCI at All Time High
macroeconomic Strong Economic Growth With CCI at All Time High Consumer Confidence Index GDP Growth BI Rate 120 14 12 110 10 100 (pts) 8 90 (%) 6 80 4 2 70 0 60 Low Inflation Environment Strong Currency & Bonds Market 1mth JIBOR CPI USDIDR 10yr Govt Bond 20 13000 19 12000 17 15 11000 15 USDIDR (%) 1
Slide 3: Banking sector
banking sector Loans Growth Deposit Growth 40.0 35.0 On 4Q11, banking sector total loans grew 23.4% YoY, while 30.0 total deposit grew 20.8%. Investment loans was the fastest 25.0 growth loans segment with 33.3% YoY, followed by 24.4% (%) 20.0 15.0 growth on consumer loans, and 21.5% on working capi
Slide 4: Result highlight
result highlight Consolidated 4Q10 4Q11 YoY (%) Loans 23,070 28,223 22.3 Deposit 32,341 39,227 21.3 LDR 71.3% 72.0% 0.7 NIM 7.3 6.8 -0.5 NPL 1.86 1.21 -0.65 Net Profit 890 962 8.1 4
Slide 5: Ratios
ratios 4Q10 1Q11 2Q11 3Q11 4Q11 Tier – 1 22.6 19.6 19.4 18.9 18.4 CAR Ratio 22.8 19.6 19.2 18.8 18.4 Gross NPL 1.86 2.38 2.37 2.56 1.21 Net NPL 0.34 0.48 0.67 0.77 0.41 Coverage Ratio 140 128 119 114 159 NIM 7.3 6.9 7.0 6.8 6.8 Cost to Income Ratio 46.6 45.8 50.1 49.7 51.1 ROAA 2.2 2.2 2.0 1.9 1.9 R
Slide 6: Income statement
income statement Income Statement FY10 FY11 YoY (%) 1Q11 2Q11 3Q11 4Q11 QoQ (%) (Rp bn) Interest Income 4,894 5977 22.1 1,369 1,448 1,558 1,601 2.8 Interest Expense (2,255) (2915) 29.3 (666) (686) (770) (794) 3.1 Net Interest Income 2,640 3,061 15.9 703 762 788 808 2.5 Other Operating 306 240 -21.5
Slide 7: Balance sheet
balance sheet Balance Sheet Highlight 4Q10 1Q11 2Q11 3Q11 4Q11 YoY (%) QoQ (%) (Rp bn) Cash 1,375 1,151 1,211 1,291 1,726 25.5 33.7 Current Account with 2,719 3,141 3,013 3,471 3,674 35.1 5.9 Bank Indonesia Secondary Reserves 15,161 17,262 17,906 20,542 19,289 27.2 -6.1 Loans-net 23,070 23,938 25,87
Slide 8: Loans breakdown (bank only)
loans breakdown (bank only) 30.0 Consumer Loans Micro Loans Commercial Loans Segment YoY 4Q10 4Q11 (Rp bn) (%) 25.0 4.4 4.6 4.2 Micro Loans 2,363 2,946 24.6 3.7 2.9 20.0 3.7 3.7 2.9 3.4 2.7 Consumer Loans 16,051 19,644 22.4 2.5 1.9 2.2 2.4 Commercial Loans 3,652 4,409 20.7 (Rp tr) 15.0 Total 22,066
Slide 9: Deposits breakdown (bank only)
deposits breakdown (bank only) Time Deposit Savings Account Current Account 45.0 Deposits Breakdown YoY 4Q10 4Q11 (Rp bn) (%) 40.0 Current Account 7,590 11,093 46.1 35.0 Saving Account 4,730 6,186 30.8 10.8 11.1 30.0 10.0 Time Deposit 18,871 19,977 5.9 10.3 10.0 10.8 7.6 4.4 25.0 TOTAL 31,191 37,255
Slide 10: Sharia business performance
sharia business performance Total Financing Total Deposit YoY Loans 4Q10 4Q11 2.5 (%) Murabahah – (Trading) 766.2 806.6 5.3 2.2 Ijarah 194.0 56.7 -70.8 2.0 Musyarakah 279.5 321.6 15.1 Mudharabah 199.5 183.0 -8.3 1.7 1.7 Qardh – (Bridging) 135.2 391.4 189.5 1.6 1.6 1.6 1.5 Ijarah – (Pawning) 28.9 6.8
Slide 11: Earning asset
earning asset Average Earning Asset Net Interest Income NIM 50 8.0 4Q10 4Q11 45 45 43 7.0 Earning Asset 38,246 47,591 40 40 39 36 6.0 Non Earning Asset 5,200 6,858 35 34 32 5.0 NIM 7.3 6.8 30 (Rp tr) (%) 25 4.0 20 Earning Asset Composition 3.0 Placement Marketable Securities Loans Others 15 0.2 2.0
Slide 12: Assets quality
assets quality Absolute NPL Total Provisioning Coverage Total 900 180% Gross NPL 4Q10 4Q11 Write Off (Bank only) (Rp bn) 789 800 160% Micro Loans 2.45 2.63 95 730 729 692 700 140% Consumer 0.18 0.17 24 623 613 Loans 600 600 577 570 120% 541 Commercial 8.75 4.79 277 Loans 500 100% (Rp bn) 437 429 Tot
Slide 13: Assets quality (bank only)
assets quality (bank only) NPL Movement Balance Sheet Provision Movement 800 1000 900 700 800 600 330 312 700 396 396 500 600 (Rp bn) (Rp bn) 400 500 300 400 300 575 200 411 508 327 200 100 100 0 0 Beginning NPL Write Off Ending Beginning Charge to Write Off Ending Formation Balance P&L Balance 13
Slide 14: New loans approval process - Consumer Loans
new loans approval process Consumer Loans Sub Branch Sub Branch Scoring Sub Branch Debtors Branch Branch Branch Scoring Debtors Head Group Head / Scoring Regional Regional Office Office Consumer Scoring Division Risk Reviewer Division Max. Rp40bn Credit Proposal BOD Credit Approval BOD >Rp40bn Four
Slide 15: New loans approval process - Micro Loans
new loans approval process Micro Loans Waroeng C Waroeng bjb/ Sub Branch /Branch Scoring KCP/Waroeng B Cabang/Waroeng A Micro Division Risk Reviewer Division Max. Rp 40bn Credit Proposal BOD Credit Approval BOD > Rp40bn Credit Risk Reviewer 15
Slide 16: New loans approval process - Commercial Loans
new loans approval process Commercial Loans Sub Branch Sub Branch Sub Branch Debtors Branch Branch Debtors Commercial Branch Manager Group (Risk Reviewer) Max. Rp500mn Commercial Regional Office Center Risk Reviewer Max. Rp2bn Head Office Commercial Risk Reviewer Division Marketing Division Max. Rp4
Slide 17: Distribution network
distribution network bank bjb Distribution Network per Sept 2011 Categories 4Q11 Expansion Plan in 2012 Main Branches 51 5 Sub Branches 203 96 Cash Outlets 55 85 Payment Points 90 23 Waroeng bjb 0 429 Mobile Cash 7 4 Priority Banking Services 11 0 Sub Total 417 642 ATM 528 472 )*bjb ATM can accessed
Slide 18: Active asset liability management
active asset liability management Asset Yield (LHS) Cost of Fund (RHS) 14.0 7.0 Bank bjb asset yield fall by 23bps QoQ mainly due to falling BI Rate and interbank market which now stands at ~3.75% 13.9 6.9 average. We are manage this falling yield by cutting the special 13.8 6.8 rate time deposit to
Slide 19: Operating expenses
operating expenses Operating Income/Opex Cost to Income Ratio Peaking up cost are due to network expansion and new hire 90 85 79 80 79 as we are establishing the micro loans infrastructure. We 76 76 77 78 80 75 70 expect the cost to peak on 2012 as naturally expansion and (%) 65 60 hiring cost will
Slide 20: Capital efficient business
capital efficient business Risk Bank bjb has a capital efficient business model as our Weighted 4Q10 1Q11 2Q11 3Q11 4Q11 Asset consumer loans risk weight is low at 50%, while our plan to expand our presence in micro loans also has a low risk weight (75%) compared to commercial loans (100% Credit Ris
Slide 21: Growing customer base
growing customer based Customer Deposit Breakdown YoY Growth Details 4Q10 4Q11 (%) Government Related 22.9% 23.5% 25.1 Retail Clients 21.7% 24.9% 40.2 Corporate Clients 55.4% 51.6 13.9 Number of Account Breakdown Details 4Q10 4Q11 Growth YoY % Government Related 16,075 15.965 (110) -0.7 Retail Clien
Slide 22: Performances by area
performances by area Bank bjb Business Segment (Consolidated) Consolidated Breakdown Deposits Loans Number of Branches Sharia 2,219 (5.7%) 1,732 (6.1%) 7 Conventional 37,008 (94.3%) 26,491 (93.9%) 51 Bank bjb Geographical Present (bank only) Geographical Breakdown Deposits Loans Number of Branches W
Slide 23: 2012 target summary
2012 target summary Target Range Loans Growth 22% - 25% Deposit Growth 15% - 18% ROAA 1.8% - 2.0% ROAE 18% - 20% NIM 6.8% - 7.2% Cost of Fund 6.4% - 6.7% Cost to Income Ratio 51% - 54% Gross NPL 1.2% - 1.7% Credit Cost 1.0% - 1.4% CASA Ratio 40% - 45% 23
Slide 24: Road map
road map A Strong Sustainable Growth and Profitable National Bank 2011-2012 2013-2014 2015 Building/Establishment Leading in Service A National Bank New Infrastructures As One of the Big Banks Leading in Service and Performance Strategy Strategy Strategy Developing HR Competence, IT Infrastructure,
Slide 25: Business and strategic alliances
business and strategic alliances A Strong Sustainable Growth and Profitable National Bank Sustainable Profit and Growth Institutional & SME / Micro Consumer Consumer Treasury and Subsidiary Financing Commercial Loans Deposit International Companies Banking oDeepening Our oImproving Loans oStrengthen
Slide 26: New credit management initiatives
new credit management initiatives In effort to manage our asset quality going forward, we establish Credit Policy Committee and Credit Risk Reviewer Division along with existing Asset Liability Committee (ALCO). These three body will synergize to maintain bank bjb competitiveness on loans market whi
Slide 27: Information technology initiative
information technology initiative IT Strategic Plan 2012 • IT Strategic Plan 2012 – 2015 Development Our IT Division will develop new IT Strategic Plan which is inline with bank bjb strategy going forward. The new strategic plan will act as a guidance for IT policies which include the business risk
Slide 28: Enterprise risk management initiatives
enterprise risk management initiatives Risk Management Committee Bank Indonesia released Circular Letter no.13/24/DPNP on Credit Risk 25th October 2011 which require banks to asses its own risk Compliance Market profile through Risk Based Bank Rating Approach (RBBR) Risk Risk both individually and o
Slide 29: Risk profile
risk profile Risk Type Risk Weight 2Q11 3Q11 4Q11 Credit 22% Low to Moderate Low to Moderate Low Market 15% Low Low Low Liquidity 18% Low Low Low to Moderate Low to Moderate Low to Moderate Low to Moderate Operational 15% Low to Moderate Low to Moderate Low to Moderate Legal 10% Reputational 10% Low
Slide 30: Human capital
human capital Positions 4Q10 1Q11 2Q11 3Q11 4Q11 Board of Commissioners 5 5 5 5 5 Directors 5 4 4 6 6 Top Management 20 19 20 19 20 Middle Management 120 137 150 130 160 First Line Management 544 720 744 780 824 Staff 1350 1107 1,202 1,164 1,097 Employee in Pension 14 13 10 9 9 Preparation Total Per
Slide 31: GCG initiatives
GCG initiatives Better GCG Implementation bank bjb is the first banks who is signing MoU with KPK on gratification and wealth reporting for structural employee. Gratifications Controlling Unit Starting from May 20, 2011 Policies Gratifications Gratification Control Whistle Blowing Code of Conduct “L
Slide 32: Awards
awards 2011 • Investor Awards, Best Listed Company, The Best Performance IPO • Corporate Image Awards 2011, Indonesia’s Most Admired Company, Category Regional Government Bank • Infobank Awards, Bloomberg Businessweek, “Very Good” on 2010 Financial Performances 2010 • Bandung Service Excellence Awar
Slide 33: Ownership
ownership West Java Provincial Government West Java Municipal Government Banten Provincial Government Ownership Structure (%) Banten Municipal Government Founder (A Series) 75.00 Public (B Series) West Java Provincial Government 38,26 West Java Municipal Governments 23,61 Banten Provincial Governmen
Slide 34: Board of commissioners
board of commissioners from left to right : Klemi Subiyantoro Independent Commissioner Previously: Independent Commissioner of bank bjb (2008 - 2011) Achmad Baraba Independent Commissioner Previously: Independent Commissioner of bank bjb (2007 - 2011) Agus Ruswendi President Commissioner Previously:
Slide 35: Board of director
board of director Bien Subiantoro President Director Previously: Senior Advisor Bank Mandiri, Managing Director of BNI, 2003 – 2010 from left to right : Shahyohan Johnny Azis Director Previously: Division Head of Network and Services BNI, Division Head of International Banking BNI Zaenal Aripin Dire
Slide 36: Share prices performance
share prices performance Volume Price 800 2000 1800 700 1600 600 1400 Investor Relations Group 500 Menara bank bjb 7th Floor 1200 Jl. Naripan 12 – 14 Bandung 40111 400 1000 +6222 4234868 ext 7140/7141 ir@bankbjb.co.id 800 300 Contact Person: Hanel Topada 600 Group Head 200 htopada@bankbjb.co.id 400
Slide 37: www.bankbjb.co.id
www.bankbjb.co.id Amember of bjb Call one customer 1 one tree L Finance Initiative Innovative financing for sustainability
Bank Pembangunan Daerah Jawa Barat dan Banten (bank bjb) — Q4 2011 Earnings Presentation on 6ix