Pt Bank Central Asia Tbk · IDX:BBCA
Pt Bank Central Asia Tbk — 9M24 Earnings Presentation
39 slides from Pt Bank Central Asia Tbk's earnings presentation, Oct 23, 2024
Slide 1: 9M24 Results
PT Bank Central Asia Tbk 9M24 Results 23 October 2024
Slide 2: Agenda
Agenda • Economic Highlights • Banking Industry Updates • 9M24 Performance Overview • Sustainable Finance and ESG • Share Data, Ratings & Awards Analyst Meeting 9M24 PT Bank Central Asia Tbk 2
Slide 3: Economic Highlights
Economic Highlights 9M24 Performance Sustainable Finance Share Data, Ratings Economic Highlights Banking Industry Updates Analyst Meeting 9M24 Overview & ESG & Awards PT Bank Central Asia Tbk 3
Slide 4: Economic highlights (1/2)
Economic highlights (1/2) 1 Indonesia saw resilient GDP 2 Business revenue index is bottoming out % YoY % YoY, 3-CMA % YoY Household 8 40 20 consumption Real GDP 5.05 6 5.05 Forecast 2024: 15 30 4 5.0 Retail sales 10 4.43 2 20 5 0 4.70 0 10 -2 7.54 -5 -4 Business Fixed-asset 0 -10 Revenue Index*
Slide 5: Economic highlights (2/2)
Economic highlights (2/2) 5 Positive trade balance on stronger commodity prices 6 Rising FX reserves on substantial foreign inflows USD Bn % YoY USD Bn 10 80 155 Bank Indonesia’s ← Trade balance Exports 8 → 60 150 FX reserves 150 Imports 145 6 40 140 4 8.6 20 135 2 6.4 0 130 3.26 0 -20 125 -2 -40 12
Slide 6: Banking Industry Updates
Banking Industry Updates Banking Industry Updates 9M24 Performance Sustainable Finance Share Data, Ratings Analyst Meeting 9M24 Economic Highlights PT Bank Central Asia Tbk 6 Overview & ESG & Awards
Slide 7: Banking industry (1/2)
Banking industry (1/2) 1 Industry loan growth remained strong 2 BCA working capital loans grew higher than industry YoY Growth YoY Growth 15.4% 10.0% 11.7% 13.3% 10.4% BCA 6.4% 9.9% 10.3% 10.4% YoY Loan 10.2% 10.7% 9.4% Growth -1.4% 6.7% 2.3% 6.1% Industry 11.0% -4.8% 6.0% Nominal GDP* 5.9% -2.6% 4.
Slide 8: Banking industry (2/2)
Banking industry (2/2) 5 Banking sector saw rebound in M2 and CASA growth 6 BCA CA was sticky albeit industry high-rate environment YoY Growth YoY Growth 27.0% 21.0% 19.1% 23.7% 21.1% 18.1% 13.6% Private 10.6% 24.3% 16.8% Enterprises TD* 13.7% 16.9% 13.4% 7.6% 14.0% 11.4% 14.8% 3.9% 10.1% 12.5% 7.6%
Slide 9: 9M24 Performance Overview
9M24 Performance Overview Banking Industry Updates 9M24 Performance Sustainable Finance Share Data, Ratings Analyst Meeting 9M24 Economic Highlights PT Bank Central Asia Tbk 9 Overview & ESG & Awards
Slide 10: Loans grew 14.5% YoY or 8.2% YtD
Loans grew 14.5% YoY or 8.2% YtD Consolidated (Rp tn) Sep-23 Dec-23 Jun-24 Sep-24 YoY YtD QoQ Total Assets 1,381 1,408 1,425 1,434 3.8% 1.8% 0.6% Secondary Reserves & 461 441 447 438 -5.1% -0.7% -2.2% Marketable Securities Loans 766 810 850 877 14.5% 8.2% 3.2% Third Party Funds 1,089 1,102 1,125 1,1
Slide 11: NPAT rose 12.8% YoY on the back of solid operating performance
NPAT rose 12.8% YoY on the back of solid operating performance Consolidated (Rp tn) 9M-23 9M-24 YoY 2Q-24 3Q-24 QoQ Operating Income 72.5 80.1 10.4% 26.3 27.7 5.3% Net Interest Income 55.8 61.1 9.5% 20.2 21.1 4.9% Non Interest Income 16.7 19.0 13.5% 6.1 6.6 6.9% Fees and Commissions 12.9 13.8 7.0% 4
Slide 12: Key Ratios
Key Ratios Bank Only 9M-23 9M-24 ∆YoY 2Q-24 3Q-24 ∆QoQ NIM 5.5% 5.8% 0.3% 5.8% 5.9% 0.1% COC 0.4% 0.4% 0.0% 0.2% 0.6% 0.4% Risk Adjusted NIM 5.1% 5.4% 0.3% 5.6% 5.3% -0.3% Cost to Income 33.1% 30.4% -2.7% 29.1% 30.1% 1.0% ROA 3.6% 3.9% 0.3% 4.1% 4.0% -0.1% ROE 23.5% 24.7% 1.2% 26.9% 24.6% -2.3% CAR
Slide 13: Broad-based loan growth
Broad-based loan growth 1 Loan Growth (Rp tn) 2 Loan Breakdown by Segment 12.6% 12.3% 14.5% % YoY Consolidated Dec-23 Sep-24 YoY YtD QoQ Growth 4.1% -0.6% +32% 111.1 Annual Corporate 369.2 395.9 15.9% 7.2% 1.8% 76.1 84.1 Incremental (Rp tn) Commercial 126.2 135.3 11.8% 7.2% 6.1% 24.0 SME 107.8
Slide 14: Corporate book posted higher utilization rates
Corporate book posted higher utilization rates 1 Investment Loan Facilities and Utilization Rate 2 Working Capital Loan Facilities and Utilization Rate • Strong growth in facilities and utilization rate trending up • Higher utilization rate 82% 81% 80% 83% Utilization Rate (%) 57% Utilization 77% 54
Slide 15: SME loans grew well above industry
SME loans grew well above industry 1 BCA vs Industry SME Loan Growth (YoY) 2 BCA SME Loan Facilities and Utilization Rate • BCA consistently outgrew industry • Higher loan facilities and utilization rate 16.8% 16.0% Utilization Rate (%) 64% 14.2% BCA 63% 63% 63% 13.3% 12.7% 62% Loan Facilities (Rp t
Slide 16: Mortgages: solid flow of new booking
Mortgages: solid flow of new booking 1 BCA vs Industry Mortgages Growth (YoY) 2 BCA Mortgages New Booking and Runoffs (Rp tn) • BCA posted a steady quality growth • Realization from Expoversary was ~40% 13.7% Industry Ex. 12.0 11.6 13.6% 11.2 12.6% 12.3% 10.4 Subsidized* 7.9 7.5 8.2 11.5% 11.7% 7.1
Slide 17: Auto loans new booking rose 14% YoY
Auto loans new booking rose 14% YoY 1 BCA vs Industry Auto Loan Growth (YoY) 2 BCA Auto Loan New Booking and Runoffs (Rp tn) • BCA auto loans has steadily outgrown industry • Realization from Expoversary was ~40% 22.5% 22.2% 20.8% 18.4% 12.0 11.6 11.9 12.2 17.9% BCA 10.1 9.3 9.5 9.5 15.4% 8.3 9.1 14
Slide 18: Consolidated LAR improved to 5.9%
Consolidated LAR improved to 5.9% 1 Loan at Risk (LAR) 2 Special Mention Consolidated Sep-23 Dec-23 Sep-24 ∆YoY ∆YtD ∆QoQ 2.4% 2.5% 2.6% 2.4% SML Ratio 2.2% Loan at Risk (Rp tn): 18.6 17.8 20.6 22.1 21.1 Rp tn, Consol. Current Restruct. 24.4 21.2 13.1 -46.4% -38.0% -2.1% Special Mention 18.6 17.8 21
Slide 19: Transaction volume reached 26 bn, rose 21% YoY
Transaction volume reached 26 bn, rose 21% YoY End-to-end Supply Chain 9M24 No of Customers Supplier Principal Large-sized Distributor Mid-sized Distributor Retailer End customer 32.6 million (+5% YoY or ~2x in 5 yr) 1 Two powerful mobile 2 Merchant Point-of-Sales (POS) banking apps 3 Online Busines
Slide 20: Two powerful mobile apps for customer choice
Two powerful mobile apps for customer choice Mobile & Internet Banking Mobile & Internet Banking BCAmobile myBCA Trx Vol (bn) Trx Value (Rp tn) Since 2011 Since 2021 +2.7x +1.8x +13% YoY 25.6 +24% YoY 23.0 22,909 24,825 20,560 20.1 19,167 18,197 14.4 18.6 2021 2022 2023 9M23 9M24 2021 2022 2023 9M23
Slide 21: Mobile apps feature enrichments for better experience
Mobile apps feature enrichments for better experience myBCA Popular Features Multi-currency Wallet myBCA Worldwide Access Integrated Account Management Paylater BCA Register or • View all account balances & QR code Single account Forex Pocket investment portfolio login MyBCA Payment with with 8 majo
Slide 22: Comprehensive solutions for business banking
Comprehensive solutions for business banking B2B2C B2C A longstanding track record: Provide extensive merchant point of sale (POS) network, Comprehensive, continuously evolving business banking platform constantly enlarging the acceptance ecosystem Merchant Apps Merchant Point- Robust Collection & B
Slide 23: Delivering trusted relationship through off-line channels
Delivering trusted relationship through off-line channels Branch and ATM contributed >36% of total transaction value Self Assisted Machines In-person Banking deliver recurring transaction focus on customer relationships & value- >> ~60% services added services of total transactions at Offering branc
Slide 24: Contact Center as a pivotal platform for digital customer service
Contact Center as a pivotal platform for digital customer service 1 A robust Contact Center with multiple touchpoints 2 Halo BCA Apps – an easy way to connect with BCA Whatsapp Instagram Offers value added 08111500998 @goodlifeBCA Toll-free call, services & solutions on X account anytime top of info
Slide 25: Wealth Management: Solid transaction growth
Wealth Management: Solid transaction growth Asset Under Management (AUM) – 9M24 Wealth Management 9M24 Highlights Bonds – AUM Rp 247 tn YoY Growth Popular Features in No of Transactions myBCA Welma: Investment AUM 36% • Online Buy / Sell +34% YoY (Bonds & Mutual 22% Investments funds) rose by • Inve
Slide 26: Sustainable Finance and ESG
Sustainable Finance and ESG • Economic Aspect • Environment • Social • Governance Banking Industry Updates 9M24 Performance Sustainable Finance Share Data, Ratings Analyst Meeting 9M24 Economic Highlights PT Bank Central Asia Tbk 26 Overview & ESG & Awards
Slide 27: Sustainable Financing grew 10.7% YoY
Sustainable Financing grew 10.7% YoY Our commitment on sustainable financing Implement responsible financing Outstanding (Rp Trilion) ► Set up credit policies on high-risk sectors from ESG perspective 203 214 183 193 Palm Oil Plantation & Coal Mining Toll Road Cement & Basic Timber & Forest 159 Indu
Slide 28: Continuously growing green financing portfolio
Continuously growing green financing portfolio Supporting low-carbon transition through EV financing Moving towards more sustainable palm oil sector Loan OS for EV Financing Certification on Palm Oil Financing: 1,991 in Rp billion Dec-20 Sep-24 1,468 ISPO and RSPO Certified 8 16 1,275 RSPO Certified
Slide 29: Stepping up in social financing
Stepping up in social financing Promoting women entrepreneur Increasing exposure to MSME debtors Loan O/S to Cumulative no. of +77% woman debtors MSME debtors 217 in 3 years 16.9 incl. loan settled 182 (Rp tn): 14.8 14.3 149 12.3 (in thousands) 122 10.4 Dec-21 Dec-22 Dec-23 Sep-23 Sep-24 2020 2021 2
Slide 30: Towards environmentally-friendly operations
Towards environmentally-friendly operations Total Carbon Savings Potential (tCO2 eq.) Green Building Waste Management 3,021 YoY: 51% 2024 Types of Waste: WISMA BCA FORESTA ► EDC machines Digital Banking 1,996 Becomes Indonesia’s First Building to Secure the Green ► E-Waste Operation 1,772 22% Mark S
Slide 31: Benefiting wider communities through value-added initiatives
Benefiting wider communities through value-added initiatives Ensuring the welfare of employees Bringing positive impacts to external communities Provide a variety of well-being campaigns and facilities that are easily Community development accessible to all employees 120+ MSMEs attended Career Wellb
Slide 32: Strengthening corporate governance
Strengthening corporate governance Good governance for sustainable Conduct best practices in Corporate Governance Outcome business practices corporate governance Self Assessment Rating Dedicated ESG working unit as enabler & • The audited annual financial collaborator of ESG initiatives across BCA S
Slide 33: ESG Rating & Awards
ESG Rating & Awards Newsweek MSCI Indonesia Index FTSE4Good ASEAN 5 Index World's Most Trustworthy Top 10 Constituents Top 10 Constituents Company for 2 consecutive years BCA constituents of: #1 in Banking Sector • IDX ESG Leaders Index • SRI – KEHATI Index Top 30 Most Valuable • ESG Quality 45 IDX
Slide 34: Share Data, Ratings & Awards
Share Data, Ratings & Awards Banking Industry Updates 9M24 Performance Sustainable Finance Share Data, Ratings Analyst Meeting 9M24 Economic Highlights PT Bank Central Asia Tbk 34 Overview & ESG &Awards
Slide 35: BCA share performance & rating
BCA share performance & rating BCA Shareholding Structure (30 September 2024) Performance BBCA vs IDX Finance Index (Relative price up to 22 Oct 2024 against 1 Jan 2018) Number Ownership of Shares Percentage 150% 135.7% BCA Share Price 139.7% 130% PT Dwimuria Investama Andalan * 67,729,950,000 54.94
Slide 36: Selected awards and recognitions - 2024
Selected awards and recognitions - 2024 Best Bank Finance Asia Awards 2024 Euromoney Institutional Investor Indonesia Best Domestic Bank Private Banking Awards 2024 2024 Asia Executive Team (Highly Commended) • Best for Next Gen in Indonesia • #1 in Asia ex-Mainland China, • Best for HNW in Indonesi
Slide 37: Publications in BCA website
Publications in BCA website (www.bca.co.id) Scan QR or Click Image to access the file Audited / Long Corporate Presentations Form Reports Short Form Reports 30 Sep 2024 (tidak diaudit) Economic Reports Annual Reports Sustainability (incl. GCG) Reports Analyst Meeting 9M24 PT Bank Central Asia Tbk 37
Slide 38: 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 39: Thank You
SECA . Thank You