Pt Bank Central Asia Tbk · IDX:BBCA
Pt Bank Central Asia Tbk — FY2023 Earnings Presentation
37 slides from Pt Bank Central Asia Tbk's earnings presentation, Jan 25, 2024
Slide 1: FY23 Results
PT Bank Central Asia Tbk FY23 Results 25 January 2024
Slide 2: Agenda
Agenda • Economic Highlights • Banking Industry Updates • FY23 Performance Overview • Sustainability Finance and ESG Analyst Meeting FY23 PT Bank Central Asia Tbk 2
Slide 3: Economic Highlights
Economic Highlights Banking Industry Updates FY23 Performance Sustainability Finance Analyst Meeting FY23 Economic Highlights PT Bank Central Asia Tbk 3 Overview & ESG
Slide 4: Economic Highlights (1/2)
Economic Highlights (1/2) 1 Real GDP growth, by drivers 2 Listed companies CAPEX & revenue growth • Resilient household consumption and government spending supports • … while appetite for private investments has remained strong despite GDP growth amid a decline in exports … flatter corporate revenue
Slide 5: Economic Highlights (2/2)
Economic Highlights (2/2) 5 BI policy rate & USD/IDR exchange rate 6 Headline & core inflation • BI’s 250 bps rate hike between Aug-22 and Oct-23 was largely driven • Inflation has eased considerably after the fuel price hike in late 2022, by pressures from the US Dollar as Fed rate increased and ap
Slide 6: Banking Industry Updates
Banking Industry Updates Banking Industry Updates FY23 Performance Sustainability Finance Analyst Meeting FY23 Economic Highlights PT Bank Central Asia Tbk 6 Overview & ESG
Slide 7: Banking Industry
Banking Industry 2 M2 & CASA growth 1 Loans, Nominal GDP Growth (YoY), GDP Multiplier • The slowdown in money supply has translated in particular to slower • Steady loan expansion post pandemic. Nominal GDP growth softened CASA growth on top of the high domestic interest rate environment… affected b
Slide 8: FY23 Performance Overview
FY23 Performance Overview Banking Industry Updates FY23 Performance Sustainability Finance Analyst Meeting FY23 Economic Highlights PT Bank Central Asia Tbk 8 Overview & ESG
Slide 9: Solid loan expansion at 13.9% YoY
Solid loan expansion at 13.9% YoY Rp trillion Dec-21 Dec-22 Dec-23 YoY Sep-23 QoQ Total Assets 1,228.3 1,314.7 1,408.1 7.1% 1,381.4 1.9% Secondary Reserves & 477.0 446.4 440.9 -1.2% 461.2 -4.4% Marketable Securities Loans 637.0 711.3 810.4 13.9% 766.1 5.8% Third Party Funds 975.9 1,039.7 1,101.7
Slide 10: Profitability boosted by strong top line and improved asset quality
Profitability boosted by strong top line and improved asset quality Rp trillion FY-21 FY-22 FY-23 YoY 3Q-23 4Q-23 QoQ Operating Income 77.9 86.8 99.3 14.4% 24.6 25.9 5.3% Net Interest Income 56.5 64.1 75.4 17.5% 18.8 19.5 3.5% Non Interest Income 21.4 22.7 23.9 5.5% 5.8 6.4 11.1% Fees & Commissi
Slide 11: Key Ratios
Key Ratios Bank Only FY-21 FY-22 FY-23 YoY 3Q-23 4Q-23 QoQ NIM 5.1% 5.3% 5.5% 0.2% 5.5% 5.6% 0.1% COC 1.6% 0.7% 0.3% -0.4% 0.3% -0.1% -0.4% Risk Adjusted NIM 3.5% 4.6% 5.2% 0.6% 5.2% 5.7% 0.5% Cost to Income 34.9% 33.9% 33.8% -0.1% 36.1% 36.5% 0.4% ROA (after tax) 2.8% 3.2% 3.6% 0.4% 3.5% 3.7% 0
Slide 12: Loan net growth doubled in the past three years
Loan net growth doubled in the past three years 1 Loan Net Growth (Rp tn) - Consolidated 2 Loan Breakdown - Consolidated 11.7% 13.9% % YoY Rp trillion Dec-22 Sep-23 Dec-23 YoY QoQ 9.5% 8.2% Growth -2.5% Corporate 320.5 341.1 368.7 15.0% 8.1% 99.1 Net Growth 74.3 (Rp tn) Commercial 118.0 121.6 12
Slide 13: Corporate loans booked a sound growth of 15% YoY
Corporate loans booked a sound growth of 15% YoY Bank Only 1 Corpo. - Working Cap. Loans Facility & Utilization Rate 2 Corpo. - Investment Loans Facility & Utilization Rate • Improving utilization rate since pandemic • Stronger demand in investment loans 84% 81% 82% 81% 82% Utilization 61% Rate (%)
Slide 14: SME loans outgrew industry
SME loans outgrew 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, catching up pre-covid level 15.5% BCA 13.2% 12.2% 10.5% 4.2% 64% 7.7% 9.4% 8.4% Industry 63% Utilization Rate (%) 8.4%
Slide 15: Mortgages new booking rose 2.3x in three years
Mortgages new booking rose 2.3x in three years Bank Only 1 BCA vs Industry Mortgages Growth (YoY) 2 BCA Mortgages New Booking and Runoffs (Rp tn) • BCA mortgage boosted by government incentives • Mortgages new booking rose 2.3x in three years Industry Ex. 12.6% 11.7% 9.9% Subsidized 11.0% 11.5% 6.2%
Slide 16: Auto loans new booking exceeded pre-pandemic level
Auto Bank Only loans new booking exceeded pre-pandemic level 1 BCA vs Industry Auto Loan Growth (YoY) 2 BCA Auto Loan New Booking and Runoffs (Rp tn) • BCA auto loan growth taking over industry’s • New booking rose 2.6x in three years 25.6% BCA 17.3% 3.7% 13.5% 15.3% Industry (Oct-23) 34.6 36.6 -2.5
Slide 17: Asset quality saw further improvement. LAR stood at 6.9%.
Asset quality saw further improvement. LAR stood at 6.9%. 1 Loan at Risk (LAR) - Bank Only 2 Special Mention (Bank Only, Rp tn) O/S Special Rp trillion Dec-22 Sep-23 Dec-23 ∆YoY ∆QoQ 11.6 10.1 12.5 11.6 16.7 Mention Loan at Risk: 44.8% 50.4% 48.5% ≤ 7 Days 53.9% Current Restruct. 46.0 24.1 21.4 -53.
Slide 18: Multiple channels for robust CASA franchise
Multiple channels for robust CASA franchise APOS Serving different needs Mobile & Internet Banking of wide range of customer spectrum No of Customers No of Accounts POS & 30.7 million 38.3 million Merchant Branch +10% YoY +10% YoY Apps BCA No of API Partners Mobile & Internet 5.1k banking: 91.5% CRM
Slide 19: 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 24,825 22,909 20.1 19,167 14.4 14,001 9.6 2020 2021 2022 2023 2020 2021 2022 2023 Mobile Banking Users (mn) Online Ac
Slide 20: 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 Apps key features: • Business Dashboard • Transfer • E-Statement • Payment • Portfolio & Balance • Payroll EDC APOS merchantBCA app Merchant
Slide 21: Branch and contact center
Branch and contact center 1,258 Branches Contact Center Delivering ‘Trusted Relationship’ An integrated channel with digital services FY23 HIGHLIGHTS: Hybrid On-boarding and Touchpoints +31% YoY HaloBCA Apps • Expanding and upgrading Total self- service to 64.1 mn for All Segments ~8.3mn users the ’
Slide 22: ATM/ CRM / CDM compliment 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) 6.36 6.33 18,268 19,047 6.15 6.29 5.88 5.91 Daily No. of 66% 75% CRM 5.69 Trx. (mn) 5.54 ATM 5.36 34% 25% 5.10 Dec-22 Dec-23 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Car
Slide 23: Sustainability Finance and ESG
Sustainability Finance and ESG • Economic Aspect • Environment • Social • Governance Banking Industry Updates FY23 Performance Sustainability Finance Analyst Meeting FY23 Economic Highlights PT Bank Central Asia Tbk 23 Overview & ESG
Slide 24: Sustainable financing portfolio consistently grow at 12.9% CAGR
Economic Aspect Sustainable financing portfolio consistently grow at 12.9% CAGR 1 Sustainable financing (in Rp trillion) 3 Key Highlights up to Dec-23 ► Continue to expand sustainable financing: CAGR: 12.9% YoY: 203 10.6% develop financing portfolio for Electric Vehicles (EV). 183 159 expand por
Slide 25: Electronic vehicle financing grew ~5x YoY to Rp 1.5 tn
Economic Aspect Electronic vehicle financing grew ~5x YoY to Rp 1.5 tn 1 Rising Electronic Vehicle (EV) financing portfolio 2 Providing financial solutions for entrepreneurs Loan outstanding for EV financing FY23 New Booking in Rp billion 1,275 Financing amount 877 Rp 1,524 bn 751 ▲4.9x YoY No. of w
Slide 26: CO2 savings from operation rose 51% YoY
Environment CO2 savings from operation rose 51% YoY Total CO2 savings potential: 3,021 tCO2 eq. ( ▲ 51% YoY ) 1 More initiatives in Recycle & Waste Management 844 tCO2 eq. ( ▲ 142% YoY ) the next page… Type of waste: Archives & Documents Expired documents 425 ton ▼ 2% YoY EDC Machine Unused EDC mach
Slide 27: Continuously pushing for energy-efficient operation
Environment Continuously pushing for energy-efficient operation 2 Digital Banking Operation 3 Green Building & Energy Efficiency 4 Nature Conservation 1,772 tCO2 eq. 360 tCO2 eq. 45 tCO2 eq. ( ▲ 22% YoY ) ( ▲ 142% YoY ) ( ▲ 13% YoY ) Digital Transactions Orangutans Conservation Est. Carbon Savings P
Slide 28: Improving quality of life in various aspects
Social Improving quality of life in various aspects 1 Engaging Customer: Excellent Service & Cyber Security Campaign 3 Fostering development of local MSME businesses ► Hosted UMKM Fest - a marketplace festival for MSMEs Customer Customer excellence recognition to showcase their products. Engagement
Slide 29: Advancing future workforce through investment in human capital
Social Advancing future workforce through investment in human capital 1 Spending on employee well-being 3 Continuously growing people ► Provides competitive remuneration and Average Training Hours per Employee 763 benefits for employees (i.e. medical 670 facilities, festive allowance, etc.) 595 FY21
Slide 30: Strengthening corporate governance
Governance Strengthening corporate governance 1 Good governance for sustainable business practices 2 Rising importance of IT Governance Fair dealing applied to both internal & vendors (e.g. human Established Cyber Security Risk Dedicated IT Security Group to rights, occupational health & safety, emp
Slide 31: ESG Rating & Awards
ESG Rating & Awards MSCI Indonesia Index FTSE4Good ASEAN 5 Index • Overall Most Outstanding Top 10 Constituents Top 10 Constituents Company in Indonesia • Best for ESG in Indonesia BCA constituents of: Asiamoney Asia’s Outstanding • IDX ESG Leaders Index Companies Poll 2023 • SRI – KEHATI Index • ES
Slide 32: Share Data, Ratings & Awards
Share Data, Ratings & Awards Analyst Meeting FY23 PT Bank Central Asia Tbk 32
Slide 33: BCA share performance & rating
BCA share performance & rating BCA Shareholding Structure (31 December 2023) Performance BBCA vs IDX Finance Index (Relative price up to 22 Jan 2024 against 1 Jan 2018) Number Ownership of Shares 130% Percentage 114.6% 119.7% BCA Share Price 112.3% 110% PT Dwimuria Investama Andalan * 67,729,950,000
Slide 34: Selected awards and recognitions - 2023
Selected awards and recognitions - 2023 Best Bank Newsweek: World's Asiamoney: Asia's Outstanding Asiamoney: Private Most Trustworthy Companies Poll 2023 Banking Award 2023 Companies 2023 • Overall Most Outstanding Company Best for High Net Worth in No.1 World's Most Trustworthy in Indonesia Indones
Slide 35: Publications in BCA website (www.bca.co.id)
Publications in BCA website (www.bca.co.id) Scan QR or Click Image to access the file Audited / Long Corporate Presentations Short Form Reports Form Reports Economic Reports Annual Reports Sustainability (incl. GCG) Reports Analyst Meeting FY23 PT Bank Central Asia Tbk 35
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