PT BFI Finance Indonesia Tbk · IDX:BFIN

PT BFI Finance Indonesia Tbk — FY2014 Earnings Presentation

12 slides from PT BFI Finance Indonesia Tbk's earnings presentation, March 2015

  1. Slide 1: PT BFI Finance Indonesia: FY14 Results

    PEOPLE AT THE CORE PT BFI FINANCE INDONESIA: FY14 RESULTS March 2015 Disclaimer: The information contained in this presentation is strictly confidential for PT BFI Finance Indonesia Tbk (BFI or the ‘Company’) and is provided by the Company to you solely for your reference. Any reproduction, dissemin

  2. Slide 2: FY14 Key Updates

    FY14 KEY UPDATES GROWTH • Consistently strong Receivables, Revenue growth, amidst subdued bookings • Managed Receivables grew 17% driven by strong Booking from the previous FY as well as longer tenor loans, outperforming industry receivables growth of 8% yoy (Sep-14 data, Bank Indonesia), and in spi

  3. Slide 3: FY14 Key Updates: Fund Raising, Dividends, Management

    FY14 KEY UPDATES FUND RAISING UPDATES • Issuance of Rp500 billion Obligasi Berkelanjutan II Tahap I Tahun 2014 (10.5- 11.5% for 1-3 years tenor) • Issuance of Rp130 billion Medium Term Notes (10.5%) • Successful USD loan syndication amounting to USD150mm DIVIDEND UPDATES • Dividend from FY13 profits

  4. Slide 4: Balance Sheet Highlights

    BALANCE SHEET HIGHLIGHTS In Rp bil (unless otherwise stated) 4Q14 3Q14 QoQ FY14 FY13 YoY • Strong Non-Dealer growth offset by New Bookings 2,484 2,266  9.6% 9,295 8,652  7.4% slower HE Leasing and Dealer financing Managed Receivables^ 11,220 10,778  4.1% 11,220 9,570  17.2% • Strong Receivable

  5. Slide 5: Profit & Loss Highlights

    PROFIT & LOSS HIGHLIGHTS In Rp bil (unless otherwise stated) 4Q14 3Q14 QoQ 2014 2013 YoY • Strong Consumer Interest Income 447 423  5.5% 1,660 1,374  20.8% Financing revenue • Yield improvement Financing Cost 140 129  7.9% 503 423  19.0% of 47 bps YoY • Strong Receivables Net Interest Income 3

  6. Slide 6: Key Ratios

    KEY RATIOS 4Q14 3Q14 QoQ 2014 2013 YoY • Resilient and able to Net Interest Margin 8.0% 8.0%  0.0% 7.9% 7.9%  0.0% pass through the increase interest Cost to Income 45.6% 43.7%  1.9% 45.8% 45.8%  0.0% COC / Avg Rec. 1.9% 2.0%  0.1% 1.9% 1.4%  0.6% • Continue to show ROAA 6.4% 6.0%  0.3% 6.6

  7. Slide 7: Ability to Build a More Robust Balance Sheet

    ABILITY TO BUILD A MORE ROBUST BALANCE SHEET Bookings vs Receivables Growth (2010-2014) 12,000 • Loan book shows CAGR 10,000 B: 22% 8,652 9,295 improvement over the years R: 26% – able to improve quality and 8,000 6,993 tenor of loans booked, Rp bil 5,742 6,000 4,546 4,749 resulting in consistently

  8. Slide 8: Stable Profitability Over the Years

    STABLE PROFITABILITY OVER THE YEARS PBT Growth ROA Trend vs Industry Cost-to-Income* 600 14.0% 50% CAGR 11.6% 45% 500 13% 12.0% 40% 10.0% 9.3% 35% 400 8.3% 8.0% 30% Rp bil 6.8% 6.6% 300 597 25% 46% 46% 509 6.0% 41% 43% 43% 490 4.42% 20% 425 200 3.39% 3.71% 3.75% 362 4.0% 15% 100 10% 2.0% 5% - 0.0% 0

  9. Slide 9: Asset Quality Under Control

    ASSET QUALITY UNDER CONTROL NPL Trend (2011-2014) Write-Offs (2011-2014) 4.00% 1.60% 1.38% 3.50% 3.46% 1.40% 3.00% 1.20% 2.66% 1.00% 2.50% 2.58% 1.00% 0.89% 0.82% 2.18% 2.00% 0.80% 0.68% 0.64% 1.48% 1.38% 0.53% 1.50% 1.20% 0.60% 1.05% 0.44% 1.00% 1.20% 1.22% 0.40% 0.98% 0.50% 0.85% 0.20% 0.00% 0.00%

  10. Slide 10: Strong Capital Base

    STRONG CAPITAL BASE Source of Funding (2010-2014) Cost of Funds (2010-2014) 100% 14.0% 6% 12.5% 12.7% 4% 12% 90% 18% 22% 21% 8% 12.0% 11.3% 11.2% 80% 10.7% 15% 70% 40% 14% 14% 10.0% 60% 40% 7.8% 50% 31% 8.0% 31% 34% 6.5% 6.6% 6.5% 40% 5.8% 6.0% 30% 49% 20% 41% 37% 4.0% 33% 31% 10% 2.0% 0% 2010 2011

  11. Slide 11: Diversified Portfolio

    DIVERSIFIED PORTFOLIO Portfolio Composition (2014) Portfolio Composition (2013) Others, 5% Others, 4% 2W, 5% 2W, 6% Jeep, 10% Jeep, 11% MPV, 37% MPV, 36% HE, 11% Rp11,220 bil HE, 12% Rp9,570 bil Trucks, 16% Trucks, 17% Pick-Up, 16% Pick-up, 16% * MPV = Multi Purpose Vehicle / 7 seater car, HE includ

  12. Slide 12: Strong Footprint Outside Java

    STRONG FOOTPRINT OUTSIDE JAVA Business Distribution and Branch Network (2014) Denotes % Outlets by Region Denotes % Receivables by Region, yoy change 2013 2014 22% 19% Kalimantan Sulawesi and East 21% 22% 30 outlets 51 outlets 12% 20% 20% 18% 2013 2014 2013 2014 2013 2014 Sumatera 53 outlets 11% 12%

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