PT Bank Danamon Indonesia Tbk Class A · IDX:BDMN

PT Bank Danamon Indonesia Tbk Class A — Bank Danamon Indonesia — Q1 2009 Earnings Presentation

23 slides from PT Bank Danamon Indonesia Tbk Class A's earnings presentation, Apr 23, 2009

  1. Slide 1: Analyst Briefing First Quarter 2009 Results

    Analyst Briefing First Quarter 2009 Results Jakarta, 23 April 2009 Untuk Anda, Bisa

  2. Slide 2: Successfully completing the largest Indonesia Bank Rights Issue ever

    Successfully completing the largest Indonesia Bank Rights Issue ever • Danamon reopened the Indonesia equity market by successfully completing the first Indonesian equity deal since September 2008 • This rights issue is a proactive capital raising to strengthen our capital position during times of u

  3. Slide 3: Agenda

    Agenda • Financial Results • Asset Quality • Latest Update Slide 3 Untuk Anda, Bisa

  4. Slide 4: Highlights of First Quarter 2009 Results

    Highlights of First Quarter 2009 Results • Loans grew by 13% to Rp 63 trillion driven by mass market businesses • Third party deposits rose by 20% to Rp 75 trillion; total funding increased by 15% to Rp 85 trillion • LDR improved to 81.4% • Reported NPAT amounted to Rp 393 billion • Completed the la

  5. Slide 5: Highlights of Income Statement

    Highlights of Income Statement 1Q08 4Q08 1Q09 QoQ YoY Net Interest Income 1,977 2,123 2,074 (2%) 5% Fee Income 453 412 436 6% (4%) Operating Income before Gain (Loss) on 2,430 2,535 2,510 (1%) 3% Sale of Marketable Securities Gain (Loss) on Sale of Marketable (12) 1 (12) NM 0% Securities Operating I

  6. Slide 6: Highlights of Balance Sheet

    Highlights of Balance Sheet 1Q08 4Q08 1Q09 QoQ YoY Total Assets 92,178 107,268 104,843 (2%) 14% Loans (gross) 1) 55,917 66,898 63,317 (5%) 13% Government Bonds 15,010 13,083 13,419 3% (11%) Total Deposits 61,996 75,373 74,612 (1%) 20% Current Account 2) 5,884 7,103 6,567 (8%) 12% Savings 2) 12,350 1

  7. Slide 7: Key Ratios

    Key Ratios 1Q08 4Q08 1Q09 QoQ YoY Net Interest Margin 1) 11.3 10.3 10.0 (0.3) (1.3) Cost / Income 50.2 56.6 52.7 (3.9) 2.5 Normalized Cost of Credit 2, 3) 2.0 1.2 2.6 1.4 0.6 Normalized ROAA 3) 2.5 2.1 1.6 (0.5) (0.9) Normalized ROAE 3) 20.7 21.9 15.5 (6.4) (5.2) Reported Cost of Credit 2.0 6.0 3.0

  8. Slide 8: Net Interest Margin stood at 10% partly reflecting negative carry of excess liquidity

    Net Interest Margin stood at 10% partly reflecting the impact of a negative carry of excess liquidity Net Interest Income Net Interest Margin 0 2/ 3 Earning Asset Yield Wholesale 18.5 SME & Commercial 18.0 16.1 16.8 16.1 Retail Mass Market Cost of Funds 8.9 8.7 6.9 2,074 6.0 6.0 1,977 1% 13% 11.3 11

  9. Slide 9: Non-interest income contributed to 17% of operating income

    Non-interest income contributed to 17% of operating income in the first quarter of 2009 Fee Income 0 Rp. billion 1Q08 4Q08 1Q09 YoY Wholesale Fee Income 458 414 435 (5%) SME & Commercial Retail Credit related fees 258 223 220 (15%) Mass market Cash management 79 75 80 1% 441 424 Treasury products 36

  10. Slide 10: Increase in operating expenses attributable to mass market businesses expansion

    Increase in operating expenses was attributable to mass market businesses expansion Manpower Costs 0 1Q08 4Q08 1Q09 YoY Variable Costs Fixed Costs YoY Wholesale 111 82 77 (31%) 777 782 1% 29% 30% (35%) Retail 399 497 439 10% 71% 70% 21% SME & Commercial 168 138 154 (8%) 1Q08 1Q09 Mass Market 535 718

  11. Slide 11: Normalized cost of credit was Rp 446 billion in first quarter of 2009

    Normalized cost of credit was Rp 446 billion in the first quarter of 2009, representing 2.6% of earning assets Cost of Credit / Avg. Earning Assets 1) 2) 2/ 3 CoC by Segment 1Q08 4Q08 1Q09 YoY 7.0% Normalized CoC 2.0 1.2 2.6 0.6 6.0% 3) 6.0% Wholesale 0.2 (1.4) (0.8) (1.0) 5.0% & Mid size 0.7 0.9 1.

  12. Slide 12: Loans expanded by 13% driven mainly by mass market businesses

    Loans expanded by 13% driven mainly by mass market businesses Outstanding Loans Composition Loan Growth 0 7 7 Rp. billion 1Q08 4Q08 1Q09 YoY 66,523 66,898 63,317 61,207 55,917 19% 17% Wholesale 9,972 11,518 9,726 (2%) 15% 17% 18% 28% SME & Commercial 16,546 18,678 17,217 4% 28% 27% 31% 29% 9% 9% 9%

  13. Slide 13: Mass market loans grew by 25% driven by motorcycle financing and micro lending

    Mass market loans grew by 25% driven by motorcycle financing and micro lending businesses Mass Market Loan Composition Loan Growth 0 7 7 Rp. billion Mar-08 Dec-08 Mar-09 YoY 31,043 30,766 29,531 2% 2% 26,512 2% Hire Purchase 1) 456 767 760 67% 2% 13% 14% 24,528 13% 1% 13% Cars 2) 3,195 4,201 4,199 3

  14. Slide 14: Total funding rose by 15% on the back of strong deposits growth

    Total funding rose by 15% on the back of strong deposits growth Breakdown of Interest Bearing Funds Long-Term Funding 0 8 % Current Account Savings Sub-Debt Others Time Deposits Long Term Funding YoY 2009: N/A 2009: 31% 15% 2008: 23% 2008: 29% 88,029 83,890 85,038 78,743 73,717 14% 12% (11%) 16% 16%

  15. Slide 15: Agenda

    Agenda • Financial Results • Asset Quality • Latest Update Slide 15 Untuk Anda, Bisa

  16. Slide 16: Non-performing loans ratio stood at 2.9% in the first quarter of 2009

    Non-performing loans ratio stood at 2.9% in the first quarter of 2009 Loan’s Collectibility 2 : 9 2.3% 2.3% 2.1% 2.3% 2.9% 7.7% 7.0% 7.2% 8.3% 9.7% Non-Performing Special Mention 90.0% 90.7% 90.7% 89.4% 87.4% Current Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Non-Performing Loans Breakdown 1,534 1,825 2 ! 9

  17. Slide 17: Special mention loans are mostly in DPD 1-30 days category

    Special mention loans are mostly in DPD 1-30 days category Special Mention Loans Aging of Special Mention Loans 0 2 ; 8 9 Mass market Retail 0 Day 1 - 30 Days 31 - 60 Days 61 - 90 Days SME & Commercial Wholesale 8% 9% 7% 5% 10% 5,978 *) 13% 15% 14% 14% 5,398 4% 15% 83% 2% 7% 4,658 8% 4,173 8% 4,210

  18. Slide 18: Non-performing loan increased slightly reflecting deteriorating operating environment

    Non-performing loan increased slightly reflecting deteriorating operating environment Non Performing Loans by Segments NPL Ratio by 0 1Q08 4Q08 1Q09 YoY Segment (%) Mass market Retail SME & Commercial Wholesale Wholesale 0.6 0.5 2.6 2.0 1,825 13% 1,534 Mid size 3.2 3.6 3.8 0.7 1,333 8% 1,333 1,258 3

  19. Slide 19: Agenda

    Agenda • Financial Results • Asset Quality • Latest Update Slide 19 Untuk Anda, Bisa

  20. Slide 20: Sub-debt repayment and rights issue

    Sub-debt repayment and rights issue USD 300 million sub- We have paid off our USD 300 million subordinated debt in March 2009 debt We have successfully completed the first Indonesian equity deal since September 2008 as well as the largest Indonesian bank rights issue ever in April 2009 Capital • We

  21. Slide 21: The exercise of Adira call option and AGMS

    The exercise of Adira call option and AGMS We intend to exercise our option to buy the remaining 20% stake of Adira Finance with the following considerations: Exercise of • Support the bank’s strategic direction in expanding high margin businesses Adira Finance Call • The purchase of 20% stake is ac

  22. Slide 22: We have significantly reduced exposure to foreign currency forward contracts (TARN)

    We have significantly reduced exposure to foreign currency forward contracts (TARN) to USD 12 million Unwound contracts Outstanding contracts Number of customers 32 Number of customers 23 As of March 30, 2009 # of customers 30 # of customers 15 Net notional amount USD 116 mn Receivables Rp 2.2 tn Ma

  23. Slide 23: Thank You

    Thank You Investor Relations Bank Danamon Indonesia Menara Bank Danamon, 6th Floor Jl. Prof. Dr. Satrio Kav. E4 No.6 Mega Kuningan, Jakarta 12950 Phone: +62 21 5799 1001-03 Fax: +62 21 5799 1445 www.danamon.co.id Untuk Anda, Bisa

Bank Danamon Indonesia — Q1 2009 Earnings Presentation on 6ix