Pt Bank Danamon Indonesia Tbk Class A · IDX:BDMN

Pt Bank Danamon Indonesia Tbk Class A — Bank Danamon Indonesia — Q1 2010 Earnings Presentation

24 slides from Pt Bank Danamon Indonesia Tbk Class A's earnings presentation, Apr 20, 2010

  1. Slide 1: Analyst Briefing First Quarter 2010 Results

    Analyst Briefing First Quarter 2010 Results Jakarta, 20 April 2010 Slide 1 Untuk Anda, Bisa

  2. Slide 2: Agenda

    Agenda • Financial Results • Corporate Updates • Appendix Slide 2 Untuk Anda, Bisa

  3. Slide 3: Highlights of First Quarter 2010 Results

    Highlights of First Quarter 2010 Results • Mass market loans grew 16% to Rp35.8 trillion, representing 55% of total loans • Savings grew 25%; CASA improved to 35% of total deposits • Net Operating Income increased 36% to Rp1,622 billion • NPAT rose 78% to Rp701 billion • Net Interest Margin remains

  4. Slide 4: Highlights of Income Statement

    Highlights of Income Statement 1Q09 4Q09 1Q10 QoQ YoY Net Interest Income 1 2,074 2,564 2,394 (7%) 16% Non-Interest Income 1 411 420 694 65% 69% Operating Income 2,485 2,984 3,088 4% 24% Operating Expenses 1,2 (1,295) (1,510) (1,466) (3%) 13% Pre-Provision Operating Profit 1,190 1,474 1,622 10% 36%

  5. Slide 5: Highlights of Balance Sheet

    Highlights of Balance Sheet 1Q09 4Q09 1Q10 QoQ YoY Total Assets 104,843 98,598 97,330 (1%) (7%) Loans (gross) 1 63,317 63,278 64,447 2% 2% Government Bonds 13,419 11,011 10,748 (2%) (20%) Total Deposits 74,612 68,419 65,579 (4%) (12%) Current Account 6,567 7,398 7,519 2% 14% Savings 12,470 15,370 15

  6. Slide 6: Key Ratios

    Key Ratios 1Q09 4Q09 1Q10 QoQ YoY Net Interest Margin 1 10.0 13.4 12.6 (0.8) 2.6 Cost / Income 2 52.1 50.6 47.5 (3.1) (4.6) Normalized Cost of Credit 3, 4 2.6 4.5 3.5 (1.0) 0.9 Normalized ROAA 4 1.6 1.6 2.9 1.3 1.3 Normalized ROAE 4 15.5 10.6 18.0 7.4 2.5 Reported Cost of Credit 3.0 6.3 3.4 (2.9) 0.

  7. Slide 7: NIM remains robust at 12.6% in the first quarter of 2010

    NIM remains robust at 12.6% in the first quarter of 2010 Net Interest Margin Net Interest Income %, annualized As of March 31 Earning Asset Yield Wholesale 2010: 6% 18.5 18.1 18.5 18.3 17.0 2009: 7% SME/Commercial 2010: 14% 2009: 10% 8.9 7.5 6.6 6.0 5.4 Cost of Funds 13.1 13.4 12.6 11.5 10.0 Retail

  8. Slide 8: Non-interest income contributed to 22% of operating income

    Non-interest income contributed to 22% of operating income in first quarter 2010 Non-Interest Income by Segment Non-Interest Income by Type As of March 31 As of March 31 General Insurance Wholesale 2010: 11% Others SME & 2010: 7% 2009: 13% 2010: 3% Commercial 2009: 21% 2009: 5% 2010: 5% Treasury Pro

  9. Slide 9: Disciplined expense management drove cost to income ratio to 47.5%

    Discipline expense management drove cost to income ratio to 47.5% in first quarter Breakdown of Operating Expenses Rp billion Operating Income Operating Expenses Cost to Income Ratio ▼ 52.1% 50.6% 48.5% 47.4% 47.5% 3,025 3,088 2,984 2,847 2,485 1,433 1,510 1,466 1,295 1,381 1Q09 2Q09 3Q09 4Q09 1Q10

  10. Slide 10: Cost of credit amounted to Rp578 billion in the first quarter

    Cost of credit amounted to Rp 578 billion in the first quarter, representing 3.4% of earning assets Cost of Credit / Avg. Earning Assets %, Annualized Normalized CoC Extraordinary items 6.3% 5.2% 1.7% 1.0% 4.0% 3.4% 3.0% 0.9% -0.1% 0.3% 4.6% 4.2% 3.5% 3.1% 2.7% 1Q09 2Q09 3Q09 4Q09 1Q10 Slide 10 Untu

  11. Slide 11: Cost of credit reflects higher share of mass market loans

    Cost of credit in the first quarter of 2010 also reflects higher share of mass market loans Composition of loans and Normalized Cost of Credit Rp billion Mass Market Retail SMEC Wholesale 64,447 63,317 578 12% -2% 19% 13% 459 25% 9% 28% 18% 7% 7% 9% 80% 56% 78% 44% 1Q09 1Q10 1Q09 1Q10 Slide 11 Untuk

  12. Slide 12: ROE stood at 18.0% despite high capitalization

    ROE stood at 18.0% in the first quarter despite high capitalization, reflecting a strong recovery in earnings Quarterly NPAT Reported ROE 701 18.0 14.4 495 13.7 477 13.1 393 167 4.6 1Q09 2Q09 3Q09 4Q09 1Q10 1Q09 2Q09 3Q09 4Q09 1Q10 Slide 12 Untuk Anda, Bisa

  13. Slide 13: Loans grew 2% in the first quarter of 2010

    Loans have started to grow since fourth quarter of 2009; loans grew 2% in the first quarter of 2010 Loan Composition Loan Growth Rp billion 1Q09 4Q09 1Q10 QoQ YoY 63,317 64,447 61,586 62,145 63,278 12% 12% Wholesale 9,726 7,789 7,631 (2%) (22%) 19% 17% 13% 26% 25% SME & 28% 28% 26% 17,217 16,481 16,

  14. Slide 14: Mass market loans grew 16%

    Mass market loans grew 16% driven by automotive financing and micro lending businesses Mass Market Loan Composition Mass Market Loan Growth Rp billion 35,765 34,084 1Q09 4Q09 1Q10 QoQ YoY 32,770 3% 31,314 3% 30,766 3% 2% 2% Adira Quantum 771 882 921 4% 19% 1 57% 54% 56% Adira Finance 2 16,801 19,134

  15. Slide 15: Non-performing loans

    Non-performing loans Loan’s Collectibility 3.0% 3.6% 4.1% 4.6% 4.0% 9.7% 9.8% 10.8% 9.4% 10.0% Non-Performing 87.3% 86.6% 86.0% 86.0% Special Mention 85.1% Current 1Q09 2Q09 3Q09 4Q09 1Q10 Non-Performing Loans by Segment 2,802 2,546 2,450 31% 18% Wholesale 2,133 18% 1,825 14% 13% 31% SM E & Commerci

  16. Slide 16: Special mention loans composition

    Special mention loans composition Special mention loans by Aging 9% 8% 7% 7% 10% 61 - 90 Days 12% 14% 14% 14% 15% 31 - 60 Days 78% 79% 79% 75% 79% 1 - 30 Days 0 Day 0% 0% 0% 0% 0% 1Q09 2Q09 3Q09 4Q09 1Q10 Special mention loans by Segment 6,412 5,978 5,849 2% 6,331 4% 1% 5% 5,659 11% 7% 7% 3% Wholesa

  17. Slide 17: Savings increased 25%; CASA accounted for 35% of total deposits

    Savings increased 25%; CASA accounted for 35% of total deposits Funding Composition Current Account Savings Time Deposits Long-Term Funding ∆YoY 85,327 76,835 77,958 76,613 14% 73,624 (14%) 12% 12% 11% 11% (25%) 63% 62% 61% (24%) 65% 58% 15% 17% 19% 21% 25% 15% 8% 8% 9% 9% 10% 14% 1Q09 2Q09 3Q09 4Q0

  18. Slide 18: Total Equity expanded 48%, bringing CAR to 19.7%

    Total Equity expanded 48%, bringing CAR to 19.7% in the first quarter 2010 Total Equity Consolidated CAR CAR Market Risk Operational Risk 16,223 15,619 15,806 14,917 0.15% 0.15% 0.19% 1.76% 10,989 0.16% 0.14% 22.6% 20.9% 20.7% 19.7% 16.9% 1Q09 2Q09 3Q09 4Q09 1Q10 1Q09 2Q09 3Q09 4Q09 1Q10 Note: Capit

  19. Slide 19: Share price has doubled in the last 12 months

    Share price has doubled in the last 12 months, outperforming the market Market Cap in Rp billion Share Price in Rupiah 70,000 6,000 60,000 5,000 50,000 4,000 40,000 3,000 30,000 2,000 20,000 1,000 10,000 0 Mar-09 May-09 Jun-09 Aug-09 Sep-09 Nov-09 Dec-09 Feb-10 Mar-10 Source: Bloomberg Slide 19 Untu

  20. Slide 20: Agenda

    Agenda • Financial Results • Corporate Updates • Appendix Slide 20 Untuk Anda, Bisa

  21. Slide 21: Corporate Updates

    Corporate Updates IFRS • We are implementing PSAK 50 & 55 in 2010. The implementation of these new Compliance accounting standards is estimated to have a positive impact to our retained (PSAK 50 and earnings 55) • We have implemented capital charge for operational risk (as part of Basel II) Implemen

  22. Slide 22: Agenda

    Agenda • Financial Results • Corporate Updates • Appendix Slide 22 Untuk Anda, Bisa

  23. Slide 23: Share Price and Credit Ratings

    Share Price and Credit Ratings Daily share price and trading volume Danamon !"# $ " ( & ' & ' PEFINDO Corporate Rating idAA+ / Stable Bond Rating idAA+ / Stable 120 9,000 Standard & Poor’s Long-term / Short-term Local BB- / B / Positive Currency 8,000 100 Long-term / Short-term Foreign BB- / B / Pos

  24. Slide 24: 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 Email: investor.relation@danamon.co.id Slide 24 Untuk Anda, Bisa

Bank Danamon Indonesia — Q1 2010 Earnings Presentation on 6ix