Pt Bank Permata Tbk Class A · IDX:BNLI
Pt Bank Permata Tbk Class A — Q1 2024 Earnings Presentation
63 slides from Pt Bank Permata Tbk Class A's earnings presentation, 2024
Slide 1: Q1 2024 Performance Results Corporate Presentation
PT Bank Permata Tbk Q1 2024 Performance Results Corporate Presentation
Slide 2: Disclaimer
Disclaimer This report has been prepared by PT Bank Permata Tbk independently and is circulated for the purpose of general information only. It is not intended to the specific person who may receive this report. The information in this report has been obtained from sources which we deem reliable. No
Slide 3: Table of Contents
Table of Contents 02 | Disclaimer 33 | First Quarter of 2024 Financial Performance 04 | Management Highlights 34 Strong Revenue Structure and Sustainable Profit 05 Key Highlights Financial Performance March 2024 35 Margin Remains Sound with More Efficient Business Process 06 3 Strategic Priorities 3
Slide 4: Management Highlights
Management Highlights
Slide 5: Key Financial Highlights March 2024
Key Financial Highlights March 2024 Total Loans Total Deposits Total Assets CAR (Rp trillion) (Rp trillion) (Rp trillion) (%) 13.6% YOY 6.1% YOY 10 bps YOY 4.2% YOY 252.7 252.8 190.4 41.4% 147.8 178.8 37.2% 130.1 57.1% 57.7% Mar-23 Mar-24 Mar-23 Mar-24 Mar-23 Mar-24 Mar-23 Mar-24 Gross NPL LDR NIM C
Slide 6: 3 Strategic Priorities
3 Strategic Priorities 1 Create the leading Deposit dan Wealth franchise 2 Be the preferred ecosystem partner to businesses and technology players 3 PT Bank Permata Tbk Be the Market Leading on customer satisfaction (NPS) in the industry 1Q-2024 – Management Highlights | 6
Slide 7: Universal Financial Products and Services
Universal Financial Products and Services The main service collect funds from publics in the form of current accounts, savings, time deposits and credit distribution to publics in accordance with commercial banks business activities, available in both Conventional and Sharia services Consumer Corpor
Slide 8: Newest Product Launches
Newest Product Launches PermataPoin PermataKKB Private Banking A point reward program from PermataBank Program offered to PermataBank Permata Private Banking differentiates the offering for UHNW that can be collected through various customers for various choices of vehicle (AUM threshold with minimu
Slide 9: Innovation to Serve Customers Better
Innovation to Serve Customers Better Mobile electronic banking services Customer's business solution in The latest internet banking service The system that integrates that offer Customers access to making direct payments via mobile innovations for an easy and Customer's platform to be directly vario
Slide 10: Modernization in the Banking Experience for All Generations
Modernization in the Banking Experience for All Generations Queuing by Qmatic System Queue Notification via WA PermataBank is committed consistently accelerating digital transformation through various innovations to provide the best service to customers Spacious Banking Hall Executive Lounge Permata
Slide 11: Sustainable Finance
Sustainable Finance Commitment towards sustainability in its business process reflected through strategic planning and framework in supporting long-term sustainable economic activities and projects. Governance Sustainability Committee ensure sustainability principles are incorporated in the strategi
Slide 12: Recent Global & Domestic Economic Development
Recent Global & Domestic Economic Development
Slide 13: Global Risks on Economy & Financial Market (1)
Global Risks on Economy & Financial Market (1) 1 2 3 ‘Slower-for-longer’ economy in China ‘Higher-for-longer’ global policy rate risks Geopolitical conflicts spreading and impacts reemerges, shown by stubborn inflation intensifying, particularly in the Middle Indonesia’s external balance, as China i
Slide 14: Global Risks on Economy & Financial Market (2)
Global Risks on Economy & Financial Market (2) 1 2 3 The transition period from the old to the El Nino causes food inflation to keep The risk of twin deficit: Current Account new government is quite long, thus causing increasing, giving a risk to purchasing Deficit widens amid flagging global uncert
Slide 15: Iran-Israel Geopolitical Conflict
Iran-Israel Geopolitical Conflict April 15th - 18th , 2024 There was an anticipation that the conflict would not intensify further, especially after the US confirmed its absence in any retaliatory strike. Global leaders also appealed to Israel to refrain from retaliation. During this April 1st , 202
Slide 16: US Economic Heatmap
US Economic Heatmap There is a fear for US to face ‘stagflation’ as US GDP and real sector performance in 1Q24 are prone to ease, but inflation rate remains stubborn, well above the 2% target. Tight labor market is seen to be one of the main causes of relatively high inflation rate. Note: yoy = year
Slide 17: US Inflation Rate
US Inflation Rate The uptick was primarily driven by increases in shelter, transportation services, and gasoline prices. 12 50 40 10 30 8 20 % yoy % yoy 6 10 3.8 4 2.1 0 3.5 Headline Inflation - lhs 2 Food Inflation - lhs -10 Core Inflation - lhs 2.2 Energy Inflation - rhs 0 -20 Mar-23 Jan-24 Mar-24
Slide 18: US Labor Market & Real Sector
US Labor Market & Real Sector The most recent economic indicators suggested that US economy is still relatively solid despite high borrowing cost. 16 5,000 60 70 50 Average Weekly Initial Jobless Claims - rhs 4,500 14 50.00 60 Unemployment Rate - lhs 40 4,000 12 30 50 3,500 20 4.27 10 4.40 40 3,000
Slide 19: CME FedWatch Tool – Meeting Probabilities
CME FedWatch Tool – Meeting Probabilities Market now expects that the first policy rate cut will happen in Sep-24 and anticipates only 25bps rate cut throughout 2024. The Beginning of 2024: First cut in Mar-24, 150bps in total for 2024 End of 1Q24: First cut in Jun-24, 75bps in total for 2024 As of
Slide 20: Global Economic Outlook
Global Economic Outlook Indonesia’s economic resilience is expected to continue into 2024 GDP growth, % IMF World Bank ADB OECD Countries 2019 2020 2021 2022 2023 2024F 2025F 2024F 2025F 2024F 2025F 2024F 2025F World 2.8 -2.8 6.3 3.5 3.2 3.2 3.2 2.4 2.7 2.9 3.0 US 2.3 -2.8 5.9 2.2 2.5 2.7 1.9 1.6 1.
Slide 21: Indonesia's Economy Snapshot
Indonesia’s Economy Snapshot The economy was relatively resilient amid increasing global uncertainty. 1Q23: 5.04% YoY 2Q23: 5.17% YoY 3Q23: 4.94% YoY +3.00% (YoY) 1 4Q23: 5.04% YoY 1Q24: 5.11% YoY 2 Inflation Headline 3 -3.92% (Ytd) USD/IDR (6-May-24) 6.25% (+25bps Ytd) BI Rate (Apr-24) FY23: 5.05%
Slide 22: Indonesia's Inflation Rate
Indonesia’s Inflation Rate The peak of the harvest season balanced out the usual increase in food demand during Lebaran, leading to a reduction in inflation in Apr-24. Both headline and core inflation rates in Apr-24 remained within the target range of 1.5% to 3.5%. 20 10 Headline - rhs Core - lhs 1
Slide 23: Indonesia's Supply-Side Inflation
Indonesia’s Supply-Side Inflation The risk of inflation passthrough from supply-side to demand-side seems to be very low as PPI recorded a deflation in 1Q24 due to deflation in mining and quarrying sector. 30 20 9.10 8.36 10 % yoy 3.71 0 -10 1 2 3 0.47 2.55 WPI Agriculture Mining and Quarrying Manuf
Slide 24: Indonesia's GDP Growth
Indonesia’s GDP Growth In 1Q24, Indonesia's GDP growth sustained its acceleration, increasing to 5.11%yoy from 5.04%yoy in 4Q23. This growth was primarily driven by stronger household consumption, government consumption, and consumption by non-profit institutions serving households (NPISH), due to t
Slide 25: Indonesia's GDP Growth Heatmap
Indonesia’s GDP Growth Heatmap Household consumption in 1Q24 accelerated to 4.91%yoy from 4.47%yoy in 4Q23, following the shift of Ramadan or the fasting month from the second quarter in the previous year to the first quarter in this year. Aligned with the implementation of the 2024 Presidential Ele
Slide 26: Domestic Economy Performance – Manufacturing GDP Growth
Domestic Economy Performance – Manufacturing GDP Growth Manufacturing Industry Growth by Sub-sectors Highest Growth in 1Q24 (% YoY) Share (%) Quarterly Growth (%yoy) Annual Growth (%) Sectors 1Q24 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2021 2022 2023 C. Manufacturing 19.3% 5.07 4.01 4.83 5.64
Slide 27: Sectoral Economy Projections
2.25% Agriculture, Forestry and 1.30% Fisheries 1.50% 4.38% PT Bank Permata Tbk Mining & Quarrying 6.12% 2.32% 4.89% Manufacturing Industry 4.64% 4.90% 6.61% Electricity & Gas Supply 4.91% 5.50% Water Supply, Sewerage, 3.23% 1 Waste & Recycling 4.90% uncertainty in the global market persists. Manage
Slide 28: Foreign Direct Investment
Foreign Direct Investment Foreign Direct Investment (FDI) grew solidly by 14.0% yoy in 1Q24. The Basic Metal sector continued to receive the largest share of FDI, followed by Telco and Mining Industry. Foreign Direct Investment by Sector (USD Million) FDI Performance 1Q24 2022 2023 1Q24 %yoy %qtq 20
Slide 29: Domestic Direct Investment
Domestic Direct Investment Domestic Direct Investment growth remain robust, accelerated by 29.7%yoy in 1Q24. Telco, mining, and food industry recorded the largest investment. Domestic Direct Investment by Sector (IDR Billion) DDI Performance 1Q24 2022 2023 1Q24 %yoy %qtq 2023 Domestic Direct Investm
Slide 30: Regional Economic Growth (1)
Regional Economic Growth (1) Java’s economy remains the biggest contributor to Indonesia’s economy. New capital city of Indonesia and downstream in basic metal development aims to drive contribution of Outside Java Sumatera4.8 4.9 4.5 4.6 4.2 5.8 5.6 4.8 5.5 6.2 Sulawesi 7.0 6.6 6.4 5.5 6.4 Kalimant
Slide 31: Regional Economic Growth (2)
Regional Economic Growth (2) Sulawesi and Maluku-Papua Regions Grew Faster than Other Regions in Indonesia. 2022 2023 2024 Province 2019 2020 2021 2022 2023 2022 2023 2024 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Province 2019 2020 2021 2022 2023 West Kalimantan 4.2 4.6 6.5 5.0 4.6 4.0 4.3 4.9 5.0 5.1 -1.8 4.8 5.
Slide 32: PIER's Economic & Market Forecast
PIER's Economic & Market Forecast 2019 2020 2021 2022 2023 2024F 2019 2020 2021 2022 2023 2024F National Account Commodity Price Real GDP (% YoY) 5.02 -2.07 3.70 5.31 5.05 5.07 141.8 117.5 Coal Price (USD/MT) 66.2 83.0 169.7 379.2 Real Consumption: Private (% YoY) 5.04 -2.63 2.02 4.93 4.82 4.93 CPO
Slide 33: Q1 2024 Financial Performance
Q1 2024 Financial Performance
Slide 34: Strong Revenue Structure and Sustainable Profit
Strong Revenue Structure and Sustainable Profit Total Revenue Profit After Tax – PAT (Rp trillion) (Rp trillion) 2.6% YOY 6.8% YOY 0.8 0.7 0.8 0.7 3.1 3.0 3.0 3.0 Total Revenue 0.4 3.0 0.5 Non-Interest 0.5 0.5 0.5 0.5 Income ↓ 10.7% YOY 1Q23 2Q23 3Q23 4Q23 1Q24 Pre-Provision Operating Profit Net Int
Slide 35: Margin Remains Sound with More Efficient Business Process
Margin Remains Sound with More Efficient Business Process Net Interest Margin – NIM Return On Assets – ROA (%) (%) 20 bps YOY 10 bps YOY 4.6% 1.6% 1.7% 1.5% 1.5% 1.3% 4.5% 4.5% 4.5% 4.4% Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Loan to Deposit Ratio – LDR Cost to Income
Slide 36: Consistently Applying Balance Sheet Optimization
Consistently Applying Balance Sheet Optimization Total Assets Total Deposits (Rp trillion) (Rp trillion) 10 bps YOY 6.1% YOY 257.4 252.7 251.4 251.9 252.8 190.4 185.5 181.8 188.3 Total Deposits 178.8 CASA Ratio (%) 57.1% 56.4% 57.7% 55.9% 55.0% 103.6 ↓5.0% YOY 108.6 104.6 101.6 103.2 CASA ↓7.6% YOY
Slide 37: Growing Loan Disbursement with Diversified Portfolio
Growing Loan Disbursement with Diversified Portfolio Total Loans Loans Composition (Rp trillion) (%) 13.6% YOY 147.8 Total Loans 137.4 138.9 142.2 0.8 Others 130.1 0.9 0.8 0.8 0.9 ↑ 0.9% YOY Conventional, 82.3% As of 86.2 Corporate 75.1 76.2 79.1 31 Mar 2024 69.2 ↑ 24.6% YOY Sharia, 17.7% Consumer 4
Slide 38: Diversified Loan Portfolio in All Business Segments (1)
Diversified Loan Portfolio in All Business Segments (1) Corporate Loans Corporate Loans Composition (Rp trillion) (%) Continue to deepen the potential of ecosystem partnerships and develop the best solutions to meet customers’ financing needs 86.2 76.2 79.1 Revolving 75.1 69.2 2.6 Loans, 2.5 2.9 2.6
Slide 39: Diversified Loan Portfolio in All Business Segments (2)
Diversified Loan Portfolio in All Business Segments (2) Commercial Loans Commercial Loans Composition (Rp trillion) (%) Strengthen the potential of ecosystem partnerships and grow high quality credit Trade Loans & Others*, Dealer Financing, 20.1% 18.9 18.8 19.3 18.3 17.9 13.8% 3.9 3.9 4.0 3.7 3.8 As
Slide 40: Diversified Loan Portfolio in All Business Segments (3)
Diversified Loan Portfolio in All Business Segments (3) Consumer Loans Consumer Loans Composition (Rp trillion) (%) Mortgage as the main driver of Consumer loan growth, focus on primary market and strengthen partnership with main developers Joint Financing, 42.2 42.6 43.1 42.9 42.4 7.8% 6.1 5.9 5.9
Slide 41: Loan Diversification in Various Industrial Sectors
Loan Diversification in Various Industrial Sectors Loan Based on Industry Sector Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Growth YoY Mar-24 Comp (Rp trillion) (%) (%) Personal Loan for Housing and Automotive 36.7 37.5 37.9 37.9 37.5 2.15% 25.4% Manufacturing 23.3 26.1 26.8 24.8 25.6 9.67% 17.3% Wholesale
Slide 42: Credit Portfolio Quality Remains Sound with Prudent Provision Management
Credit Portfolio Quality Remains Sound with Prudent Provision Management Gross and Net Non-Performing Loan – NPL Non-Performing Loan – NPL Coverage Ratio 47 bps YOY (Gross NPL) Well Maintained Above >200% 288.4% 303.7% 285.7% 272.3% 255.9% 0.4% Net NPL 0.4% 0.3% 0.3% 0.3% 1.7% 1.8% 1.8% 1.9% Cost 1.
Slide 43: Well Maintained LAR and LAR Coverage
Well Maintained LAR and LAR Coverage Loan At Risk – LAR Loan At Risk – LAR Coverage Ratio (Rp trillion) (%) 15.3% YOY 26.3% YOY % LAR / Total Loan 99.5% 94.1% 86.7% 11.0% 8.7% 8.2% 81.6% 9.6% 9.4% 73.2% 14.3 13.1 13.1 Total LAR 12.4 12.1 4.1 NPL 3.9 4.0 4.1 4.0 ↓3.0% YOY 4.4 Col. 2 4.6 5.1 4.6 4.7 ↑
Slide 44: COVID-19 Restructured Loan Continues Declining
COVID-19 Restructured Loan Continues Declining Restructured Loan due to Covid-19 Restructured Loan due to Covid-19 (Rp trillion) (by Segment) 33.3% YOY Consumer, Corporate, 22.0% 57.0% 4.7% 4.1% 3.9% 3.5% 2.7% % Restructured Loan to Total Loan Total 6.1 5.6 5.4 Loan Restructured 5.0 due to COVID-19
Slide 45: Third Party Funds (Deposits) Supported by CASA
Third Party Funds (Deposits) Supported by CASA Corporate Deposits Commercial Deposits (Rp trillion) (Rp trillion) 22.4% YOY 10.8% YOY 65.8 56.3 55.0 59.8 TD 51.0 21.6 17.7 18.3 21.6 14.8 ↓31.7% YOY 22.9 24.1 23.2 22.7 TD 20.5 44.2 38.5 36.7 38.2 36.2 CASA ↓17.9% YOY 9.9 10.8 11.1 11.3 11.5 ↑16.7% YO
Slide 46: Maintaining Strong Capital with Liquidity Ratio Well Above Minimum Requirement
Maintaining Strong Capital with Liquidity Ratio Well Above Minimum Requirement Liquidity Coverage Ratio – LCR Return On Equity – ROE (%) (%) 5.5% YOY 4 bps YOY 359.7% 388.2% 349.6% 344.1% 335.6% 6.6% 6.6% 6.1% 6.2% 5.5% Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Net Stable
Slide 47: Strong Capital to Support Future Growth
Strong Capital to Support Future Growth Capital & CET-1 Total Cash Dividend (Rp trillion) (Rp billion) 66.7% YOY CET-1 25 904.5 35.4 37.4 38.3 ↑5.7% YOY 15 As the Controlling Shareholder of 542.7 Bank Permata, Bangkok Bank is Total Capital committed to providing full support 47.1 49.1 50.4 ↑6.3% YOY
Slide 48: About Permatabank
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Slide 49: Board of Commissioners
Board of Commissioners Chartsiri Sophonpanich Chong Toh President Commissioner Commissioner Education Education • B.C.E. Worcester Polytechnic Institute, USA • B.A. in Philosophy, Politics & Economics Oxford University • M.C.E. Worcester Polytechnic Institute, USA • M.Sc. in Management Massachusetts
Slide 50: Board of Commissioners
Board of Commissioners Haryanto Sahari Goei Siauw Hong Independent Commissioner Independent Commissioner Education Education • B.E. in Accounting University of Indonesia • B.Eng. in Agronomy Institut Pertanian Bogor • MBA in Business/Finance and Marketing Indiana University, Experience Bloomington,
Slide 51: Directors
Directors Meliza Musa Rusli Abdy Dharma Salimin President Director Technology & Operation Director Education Education • B.Eng. University of Indonesia • B.Com. University of Toronto, Canada • MBA University of Melbourne, Australia Experience Experience • Global Technology Head for Retail Banking of
Slide 52: Board of Directors
Board of Directors Djumariah Tenteram Dayan Sadikin Retail Banking Director HR Director Education Education • B.Acc. University of Nommensen, Medan • Bachelor of Social Science University of Indonesia • M.Com. University of New South Wales, Sydney, Australia Experience • Head of Wealth Management, R
Slide 53: Executive Officers (Chiefs)
Executive Officers (Chiefs) Eddie Sajoga Nithawadee Limpodom Chief of Commercial Banking & Branch Chief of International Business Network Development & Advisory Education Education • Bachelor of Economics Atma Jaya University Yogyakarta • Master of Business Administration degree from University of W
Slide 54: PermataBank At-a-Glance
PermataBank At-a-Glance Year Established Business Segment 1955 Consumer Banking Corporate Banking Total Employee Listed at IDX Commercial Banking > 7,000 1990 Product & Service Stock Code Conventional BNLI Sharia Shareholders Total Customer DSIB Bangkok Bank - 98.7% > 6.2 Million One of Domestic Pub
Slide 55: Top Indonesian Banks with National Banking Coverage
Top 10 Indonesian Banks with National Banking Coverage 83 253 829 20,000+ Channels Cities / Regions Network Offices* ATM’s Branch Network (Conventional & Sharia) East Java 25 Sumatera 28 Conventional 23 Conventional 24 Sharia 5 Sharia 1 Jabodetabek 89 Sulawesi 6 Conventional 81 Conventional 5 Sharia
Slide 56: Synergies With Bangkok Bank
Synergies With Bangkok Bank Center of Excellence International Banking Strategy Transaction Banking Knowledge Sharing between Sharing capabilities and operational Bangkok Bank and PermataBank models to understand the transaction business at PermataBank and Bangkok Bank’s International Indonesia. Syn
Slide 57: Awards & Achievements
Awards & Achievements 7th Infobank Satisfaction, Loyalty, and Engagement Awards Asia- Pacific Stevie Awards 2024: 2024: • Innovation in Paid Media Planning & Management - • Top 4th Rank KBMI 3 Bank in Satisfaction, Loyalty, & PermataBank’s Surviving The Red Ocean of Digital Engagement 2024 Saving Co
Slide 58: 1Q 2024 PermataHati Achievements
CORPORATE SOCIAL RESPONSIBILITY 1Q 2024 PERMATAHATI ACHIEVEMENTS Since 2011, the Bank is committed to continuously contribute to community building 80 626 +7.5K +109K Strategic Partners Schools & Communities Student Scholarships Total Beneficiaries Online training and development programs Financial
Slide 59: Balance Sheet
Balance Sheet Mar-24 in Rp trillion Dec-20 Dec-21 Dec-22 Dec-23 Mar-24 YoY(%) Cash 1.8 2.0 1.9 1.8 1.8 2.1 Placement with Bank Indonesia 23.2 38.2 52.6 29.7 12.0 (73.4) Placement with Other Banks 3.7 9.0 4.8 5.3 11.1 80.7 Marketable Securities 46.6 56.4 55.1 70.5 50.2 13.1 Loans (Gross) 118.1 125.5
Slide 60: Income Statement
Income Statement Mar-24 in Rp billion Dec-20 Dec-21 Dec-22 Dec-23 Mar-24 YoY (%) Net Interest Income 6,809 7,975 9,122 9,996 2,490 (0.8) Non-Interest Income 2,329 2,543 2,333 2,050 489 (10.7) Revenue 9,138 10,518 11,456 12,047 2,979 (2.6) Operating Expense (5,375) (5,458) (6,047) (6,144) 1,474 (2.0)
Slide 61: Financial Ratios
Financial Ratios Financial Ratios (in %) Dec-20 Dec-21 Dec-22 Dec-23 Mar-24 Mar-24 YoY (%) CET-1 ratio 26.9 26.7 25.7 29.5 28.3 (3.3) Total CAR 35.7 34.9 34.2 38.7 37.2 (4.2) Loan to Deposit Ratio (LDR) 78.7 69.0 68.9 74.8 82.0 14.4 CASA Ratio 51.2 54.0 58.0 55.0 57.7 0.7 ROA 1.0 0.7 1.1 1.3 1.7 0.1
Slide 62: Stock Information
Stock Information Closing Price Dec 2022 – Mar 2024 IDX : BNLI 1,200 27-Jun-23, 975 28-Mar-24, 975 1,200,000 IDX : BNLI Dec-22 Mar-23 Dec-23 Mar-24 Price (Rp) 1,015 950 920 975 1,100 29-Sep-23, 925 1,000,000 PBV (x) 1.0 0.9 0.8 0.9 Closing Stock Price (in Rp/Share) 1,000 29-Dec-23, 920 Trading Volum
Slide 63: PT Bank Permata Tbk Investor Relations Department
PT Bank Permata Tbk Investor Relations Department World Trade Center II Jalan Jend. Sudirman Kav. 29-31 Jakarta 12920 - Indonesia Website: www.permatabank.com/id/tentang-kami/hubungan-investor Email: investor.relations@permatabank.co.id