Pt Bank Pembangunan Daerah Jawa Barat & Banten Tbk · IDX:BJBR
Pt Bank Pembangunan Daerah Jawa Barat & Banten Tbk — PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (bank bjb) — Q1 2019 Earnings Presentation
38 slides from Pt Bank Pembangunan Daerah Jawa Barat & Banten Tbk's earnings presentation, 2019
Slide 1: bank bjb “Tandamata Untuk Negeri” 1Q 2019 Company Report
bank bjb “Tandamata Untuk Negeri” 1Q 2019 Company Report
Slide 2: Macroeconomic
Macroeconomic 7 Days Reverse Repo (7DRR) Rate 6,0% Stable Indonesia Consumer Confident Index GDP Growth BI Rate 10 Consumer Confidence Index 8 140 6 120 Index (pts) (%) 4 100 2 80 0 60 Source: Bloomberg Source: Bloomberg Inflation 2.48% YoY IDR Depreciated Againts USD 1mth JIBOR CPI USDIDR 10yr Govt
Slide 3: Banking Sector
Banking Sector 30.0 Loans Growth Deposit Growth As of Feb 2019, banking sector data shows: 25.0 • Loans +12.40% YoY to Rp5,287 tr (Investment Loans +13.96% YoY, Working Capital +12.75% YoY, Consumer 20.0 Loans +9.55% YoY) 15.0 • Deposit +6.57% YoY to Rp5,600 tr (CASA +4.48% YoY, Time 10.0 Deposit +9
Slide 4: 1Q 2019 Performance Consolidated
1Q 2019 Performance Consolidated 3
Slide 5: Result Summary
Result Summary • Net Interest Income at Rp 1.5 tr (-2.0% YoY) Income • PPOP at Rp 627 bn (-6.3% YoY) Statement • LLP at Rp 62 bn (+3.7% YoY) • Net Income at Rp 421 bn (-9.1% YoY) • Total Loans at Rp 75.8 tr (+6.2% YoY) Balance • Total Financing at Rp 4.8 tr (-4.1% YoY) Sheet • Total Deposits at Rp 9
Slide 6: Income Statement
Income Statement Income Statement Positioning YoY YoY (Rp bn) 1Q18 1Q19 (%) Interest Income 2,901 2,953 1.8% 52 Interest Expense 1,377 1,459 5.9% 82 Net Interest Income 1,524 1,494 -2.0% (30) Fee Based Income 232 217 -6.6% (15) Operating Expense 1,086 1,114 2.6% 28 Gain (Loss) on Financial Statement
Slide 7: Balance Sheet
Balance Sheet Balance Sheet YoY 1Q18 2Q18 3Q18 4Q18 1Q19 (Rp bn) (%) Cash 1,560 2,108 1,575 2,929 1,754 12.4% Current Account with BI 6,645 5,834 4,474 9,981 4,675 -29.6% Secondary Reserves 27,978 23,840 23,601 22,568 25,824 -7.7% Loans - net 70,804 71,751 74,096 74,703 75,113 6.1% Financing - net 4
Slide 8: Key Ratios (bank only)
Key Ratios (bank only) Key Ratios 1Q18 2Q18 3Q18 4Q18 1Q19 Profitability ROA (net) 1.6 1.6 1.6 1.4 1.5 ROE (net) 17.2 16.0 15.5 13.1 12.4 Cost Ratios Cost to Income Ratio 62.7 63.8 63.7 66.3 66.3 Expenses Ratio 80.2 80.4 80.7 84.2 82.2 Yield Asset Yield 10.9 11.1 11.3 11.3 11.2 Cost of Fund 4.9 4.8
Slide 9: 1Q 2019 Performance Bank Only Details
1Q 2019 Performance Bank Only Details 8
Slide 10: Target vs. Realization
Target vs. Realization (%) Target 1Q18 2Q18 3Q18 4Q18 1Q19 Loans Growth 10% - 11% 13.2 5.9 5.2 6.1 6.2 Deposit Growth 9% - 10% 11.3 5.2 -2.8 0.7 -2.5 ROA (net) 1.5% - 2% 1.6 1.6 1.6 1.4 1.5 ROE (net) 15% - 20% 17.2 16.0 15.5 13.1 12.4 NIM 6% - 6.5% 6.0 6.3 6.5 6.4 5.9 Cost of Fund 5% - 5.5% 4.9 4.8
Slide 11: Loans Breakdown
Loans Breakdown Consumer Micro Commercial Mortgage Segment YoY 80 1Q18 1Q19 (Rp bn) (%) 5.7 5.8 5.9 70 5.6 Consumer 47,885 52,898 10.5% 5.1 5.3 5.5 4.9 12.2 11.0 4.7 14.1 Micro 4,972 5,524 11.1% 60 12.6 12.4 14.0 13.6 12.4 5.5 9.2 5.5 5.2 5.3 Commercial 12,641 11,045 -12.6% 50 4.7 5.0 4.4 4.6 3.8 Mo
Slide 12: Consumer Loans
Consumer Loans Civil Servant Loans (LHS) Pensioner Loans (LHS) YoY Key Indicators 1Q18 1Q19 NPL (RHS) (%) 60 1.0 Loans Outstanding 47,885 52,898 10.5% 0.9 50 Net Expansion 0.8 YtD 805 1,418 76.2% 13.8 (Rp bn) 12.9 10.9 11.3 9.3 9.7 10.1 10.6 0.7 40 8.5 Avg. Loans 0.6 Outstanding 114 121 6.4% (Rp mn)
Slide 13: Micro Loans
Micro Loans KMU (LHS) Govt Program (LHS) YoY Key Indicators 1Q18 1Q19 (%) Others (LHS) NPL (RHS) 6.0 9.0 Loans Outstanding 4,972 5,524 11.1% 8.0 Net Expansion 5.0 YtD 254 67 -73.5% (Rp bn) 7.0 Avg. Loans 4.0 3.1 6.0 Outstanding 176 180 2.0% 3.1 3.0 3.1 (Rp mn) 2.8 2.7 2.7 5.0 No of Account 28,220 30
Slide 14: Commercial Loans
Commercial Loans Working Capital (LHS) Investment (LHS) YoY Key Indicators 1Q18 1Q19 Syndicated (LHS) NPL (RHS) (%) 16.0 15.0 Loans Outstanding 12,641 11,045 -12.6% 14.0 14.0 13.0 Net Expansion 1.8 1.6 1.8 12.0 YtD (920) (1,200) -30.4% 12.0 1.3 (Rp bn) 1.9 11.0 1.8 1.6 1.9 1.5 1.6 10.0 Avg. Loans 1.
Slide 15: Mortgage Loans
Mortgage Loans Mortgage Loans (LHS) NPL (RHS) YoY Key Indicators 1Q18 1Q19 7.00 15.0 (%) 14.0 Loans Outstanding 5,509 5,944 7.9% 5.9 13.0 6.00 5.7 5.8 5.6 5.5 5.3 12.0 Net Expansion 5.1 YtD 168 134 -20.4% 4.9 11.0 5.00 4.7 (Rp bn) 10.0 9.0 Avg. Loans 4.00 Outstanding 221 226 2.2% 8.0 (Rp mn) (Rp tr)
Slide 16: Deposit Breakdown
Deposit Breakdown Current Account Savings Account Time Deposit Deposits YoY 100 Breakdown 1Q18 1Q19 (%) (Rp bn) 90 Current Account 24,954 24,676 -1.1% 80 Saving Account 15,349 16,693 8.8% 70 46.4 46.7 40.5 40.5 43.4 60 43.2 Time Deposit 46,682 43,427 -7.0% 40.1 39.2 43.6 (Rp tr) 50 TOTAL 86,984 84,7
Slide 17: Special Mention Loans
Special Mention Loans Consumer (LHS) Micro (LHS) Commercial (LHS) Consumer Micro Commercial Mortgage 100% Mortgage (LHS) % to Loans (RHS) 3,000 4.0 90% 34 34 3.5 80% 37 38 37 37 40 41 2,500 45 Absolute Special Mention Loans (Rp bn) 3.0 70% Special Mention Contribution (%) Special Mention/Total Loans
Slide 18: Non Performing Loans
Non Performing Loans Consumer (LHS) Micro (LHS) Commercial (LHS) Consumer Micro Commercial Mortgage Mortgage (LHS) % to Loans (RHS) 100% 1,400 1.7 90% 25 25 23 28 25 21 25 1,200 31 31 1.7 80% 257 312 270 290 291 Absolute Non Performing Loans (Rp bn) 1,000 70% Non Performing Loan/Total Loans (%) 302
Slide 19: Yield Analysis
Yield Analysis Asset Yield Others (%) 1Q18 1Q19 1.6% Placement to BI Loans 5.9% 74.1% Placement to Bank Indonesia 2.9 2.5 Interbank Placement Interbank Placement 2.5 4.1 3.1% Securities 5.2 7.6 Marketable Securities 15.4% Loans Yield 13.8 13.1 Interbank Lending Cost of Fund 1Q18 1Q19 9.2% Bonds (%)
Slide 20: Capital Adequacy
Capital Adequacy •Total Capital Rp 11.1 tr ( +Rp 16.8% YoY) Risk Weighted YoY Asset (RWA) 1Q18 1Q19 (%) • Total CAR at 18.6% (+125 bps YoY) Total RWA 54,712 59,611 9.0% Addition to Net Impact Credit Risk 43,517 45,676 5.0% Risk RWA/ CAR Analysis to CAR Weighting Rp1tr Net (%) Operational Risk 10,267
Slide 21: Consumer Loan Details
EA bank bjb Consumer Loan Details
Slide 22: Civil Servant Loans
Civil Servant Loans Civil Servant Loans (LHS) NPL (RHS) YoY Key Indicators 1Q18 1Q19 45 0.5 (%) 39.1 Loans Outstanding 37,328 39,051 4.6% 40 37.3 37.8 36.6 37.1 38.5 Net Expansion 37.8 0.4 35 36.9 37.0 YtD 331 518 56.2% (Rp bn) 30 Avg. Loans Outstanding 0.3 110 114 3.5% (Rp mn) 25 (Rp tr) (%) No of
Slide 23: Pensioner Loans
Pensioner Loans Pensioner Loans (LHS) NPL (RHS) YoY Key Indicators 1Q18 1Q19 (%) 16 0.3 Loans 10,558 13,847 31.2% 13.8 Outstanding 14 Net Expansion 12.9 12 YtD 473 901 90.2% 11.3 (Rp bn) 10.6 0.2 9.7 10.9 10 Avg. Loans 10.1 8.5 Outstanding 131 149 13.4% 9.3 (Rp mn) (Rp tr) (%) 8 No of Account 80,347
Slide 24: Sharia Business Performance
Sharia Business Performance 1Q 2019 bank bjb Sharia 23
Slide 25: Result Summary
Result Summary • Net Financing Income at Rp 85 bn (-10.0% YoY) Income • Operating Expenses at Rp 83 bn (-9.6% YoY) Statement • PPOP at Rp 11 bn (+82.7% YoY) • Net Income at Rp 6.3 bn (-7.2% YoY) • Total Financing at Rp 4.8 tr (-4.1% YoY) Balance • Total Deposits at Rp 5.1 tr (-8.3% YoY) Sheet • Tota
Slide 26: Income Statement
Income Statement Income Statement YoY (Rp mn) 1Q18 1Q19 (%) Financing Income 180,924 163,758 -9.5% Financing Expense 86,867 79,131 -8.9% Net Financing Income 94,057 84,627 -10.0% Other Operating Income 3,955 9,536 141.1% Operating Expense 92,034 83,241 -9.6% PPOP 5,978 10,922 82.7% Loan Loss Provisi
Slide 27: Balance Sheet
Balance Sheet BS highlight YoY 1Q18 1Q19 (Rp Mn) (%) Cash 38,607 41,836 8.4% Current Account with Bank Indonesia 299,575 261,947 -12.6% Secondary Reserves 2,057,981 1,011,591 -50.8% Financing-net 4,064,239 4,657,182 14.6% Fixed Asset-net 236,574 240,617 1.7% Other Asset 430,685 423,318 -1.7% Total A
Slide 28: Key Ratios
Key Ratios Sharia 1Q18 1Q19 YoY (%) CAR 17.5 16.0 -1.5 NPF Gross 21.8 4.5 -17.3 NPF Nett 3.3 1.8 -1.5 ROA 0.5 0.5 - ROE 4.3 3.9 -0.5 BOPO 97.4 95.0 -2.3 FDR 89.8 93.8 +4.0 NIM 5.2 6.3 +1.1 27
Slide 29: Sharia Performance
Sharia Performance Financing YoY 1Q18 1Q19 (Rp mn) (%) Murabahah 4,058,490 3,325,076 -18.1% Qardh 68,142 64,917 -4.7% Financing 877,650 1,409,698 60.6% Istishna 2,975 3,421 15.0% Total Gross Financing 5,007,257 4,803,112 -4.1% Funding YoY 1Q18 1Q19 (Rp mn) (%) Wadiah Current Account 86,239 81,304 -5
Slide 30: Company Profile
EA bank bjb Company Profile bank bjb
Slide 31: Branch Network Details
Branch Network Details No bjb Network 1Q18 1Q19 YoY 1 Branch 65 65 - 2 Sub Branch 312 314 +2 3 Cash Offices 342 350 +8 4 Payment Point 162 162 - 5 ATM 1,430 1,578 +148 6 Layanan bjb Precious 11 11 - 7 MSME Center 6 6 - 8 Mobile Cash 11 34 +23 9 Weekend Banking 11 11 - 10 Forex Branches 47 47 - Total
Slide 32: Human Capital
Human Capital Educational Breakdown Level 1Q18 1Q19 YoY Board of Commissioners 5 2 -3 Master of Doctorare 7.3% Directors 6 4 -2 Top Management 37 37 - Up To Bachelor Middle Management 367 384 +17 Degree 92.7% First Line Management 1,793 1,812 +19 Staff 5,468 5,478 +10 Employee in Pension Preparation
Slide 33: Distribution Network
Distribution Network Total bjb employees Others 7,733 Deposits 3.3 Tr Total bjb customers Loans 8.1 Tr Micro Loans 1.7 Tr 4,613,714 Profit 68 bn 75,294 Customers 13 Branch Offices 12 Sub Branch Offices 7 Cash Offices 1 Payment Point 129 ATM Unit 470 Employees Jakarta Deposits 23.1 Tr Loans 9.4 Tr Mi
Slide 34: Ownership
Ownership West Java Provincial Government Ownership Structure 1Q18 1Q19 West Java Municipal Governments Founder (A Series) 75.00 75.36 Banten Provincial Government West Java Provincial Government 38.26 38.18 Banten Municipal Governments Public (B Series) West Java Municipal Governments 23.61 24.03 B
Slide 35: 2019 Awards
2019 Awards Marketing – Top Brand Warta Ekonomi – Indonesia Digital Award BJB Tandamata My Innovation Award 2019 as Economic Review – First Innovative Company at Providing Indonesia Corporate E-Banking Transactions With Secretary and Smartphone Category Regional Communication Award Development Bank
Slide 36: 2019 Awards
2019 Awards Service Exelent Magazine & Infobank – Infobank SLE Majalah Marketing – Award Peringkat 1 Contact Center Service Kategori Customer Service Excllence Award 2019 BJB BPD Call – Regular Banking Exceptional Service Performance DJP I Jawa Barat & KPP Madya Bandung – Wajib Pajak Dengan Warta Ek
Slide 37: Share Price Performance
Share Price Performance Investor Relations Group Volume (RHS) Price (LHS) Menara bank bjb 7th Floor Jl. Naripan 12 – 14 Bandung 40111 +6222 4234868 200 ext 7140/7141 ir@bankbjb.co.id 3550 180 Ari Budiman 160 IR Head 3050 abudiman@bankbjb.co.id 140 Anjas Septa Lesmana IR Manager 2550 120 aslesmana@ba
Slide 38: Disclaimer
Disclaimer : This report has been prepared by PT Bank Pembangunan Daerah Jawa Barat & Banten, Tbk. (bank bjb) 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 ob