PT Bank Maybank Indonesia Tbk Class A · IDX:BNII
PT Bank Maybank Indonesia Tbk Class A — FY2018 Earnings Presentation
43 slides from PT Bank Maybank Indonesia Tbk Class A's earnings presentation, Feb 18, 2019
Slide 1: Maybank Indonesia Financial Results FY 2018
Humanising Financial Services Maybank Indonesia Financial Results FY 2018 ended 31 December 2018 Jakarta, 18 February 2019 www.maybank.co.id
Slide 2: Table of Contents
Table of Contents Executive Summary 2 Results Overview 5 Prospects & Outlook 16 Appendix Community Financial Services 19 Global Banking 23 Shariah Banking 26 Subsidiaries 28 Maybank Indonesia in Brief 31 Awards, Events and CSR Highlights 36
Slide 3: Executive Summary of FY 2018 Results
Executive Summary of FY 2018 Results* 1 • PBT and PATAMI increased by 20.5% and 21.6% (YoY) to Rp3,036 billion and Rp2,195 billion respectively underpinned by higher net interest income by 5.2% (YoY) and lower provisions by 38.6% (YoY). • Highest PBT and PATAMI for Maybank Indonesia in its history.
Slide 4: Summary of FY 2018 Results
Summary of FY 2018 Results 4 • Shariah Banking continued to deliver strong results. Shariah Assets grew 11.2% (YoY) to Rp30.2 trillion and contributed 17.0% to the Bank‟s assets. Shariah Financing grew 14.6% (YoY) to Rp23.7 trillion and contributed 17.8% to the Bank‟s loans. Shariah Deposits grew 39
Slide 5: Table of Contents
Table of Contents Executive Summary 2 Results Overview 5 Prospects & Outlook 16 Appendix Community Financial Services 19 Global Banking 23 Shariah Banking 26 Subsidiaries 28 Maybank Indonesia in Brief 31 Awards, Events and CSR Highlights 36
Slide 6: Income Statement
Income Statement Income Statement - Consolidated FY 2018 FY 2017 YoY 4Q 2018 3Q 2018 QoQ Rp Billion a b (a/b)-1 c d (c/d)-1 Interest Income 14,790 14,803 -0.1% 3,780 3,695 2.3% Interest Expense (6,690) (7,101) -5.8% (1,720) (1,587) 8.4% Net Interest Income 8,100 7,702 5.2% 2,060 2,108 -2.3% Non Inte
Slide 7: Loans
Loans CFS Non-Retail booked strong loans growth of 10.9% (YoY), followed by CFS Retail loans growth of 3.1% (YoY) and Global Banking of 2.9% (YoY) LDR & Total Loans Rp Trillion Loans Portfolio Breakdown Rp Trillion 108.31% 114.82% 109.75% Dec-18 Sep-18 Dec-17 YoY QoQ 99.87% 98.19% Global Banking 31.
Slide 8: Asset Quality
Asset Quality Improved as reflected by lower NPL levels at 2.59% (gross) and 1.50% (net) Asset Quality – Maybank Indonesia Asset Quality – Maybank Indonesia Impaired Loans (consolidated) NPL (consolidated) 3.57% 3.46% 3.32% 3.35% 3.02% 3.10% 2.81% 2.79% 2.73% 2.59% 2.10% 2.25% 2.13% 1.94% 1.81% 1.72
Slide 9: Asset Quality – Loan Loss Coverage
Asset Quality – Loan Loss Coverage Allowance for losses on loans Collateral Coverage for NPL Loan as at Dec’18 • Collateral includes Cash, Land & Building (L&B), Allowance for losses on loans (Bank Only) Loss Loan Coverage (LLC) - GIL } Covered by Collaterals 44.6% equipment, vehicle and vessel. L
Slide 10: Customer Deposits
Customer Deposits Focus on CASA accumulation Deposits from Customers by Business Segment 24% 19% Global Banking Dec-17 Dec-18 CFS 76% 81% Deposits from Customers by Type 20% 21% Current Account Dec-17 Saving Account Dec-18 60% 20% Time Deposit 62% 17% Rp Trillion Dec-18 Sep-18 Dec-17 YoY QoQ Deposit
Slide 11: Fee Income
Fee Income On BAU Basis Fee income slightly down by 2.6% to Rp2.27 trillion from Rp2.33 trillion Rp billion -17.0% YoY -20.5% YoY -39.1% YoY -98.4% YoY 10.9% YoY 2,729 2,328 2,267 1,773 1,599 Dec-17 Dec-18 Rp401 billion one-off non recurring fee 479 478 380 174 106 76 8 Total Fee Income Fees and com
Slide 12: Operating Expenses
Operating Expenses Rp billion +4.0% YoY +3.1% YoY +4.6% YoY 5,793 6,023 5,551 3,406 3,562 3,164 Dec-17 2,387 2,461 Dec-18 Rp242 billion one-off expenses Total Operating Personnel G&A Expenses (in Rp billion) Breakdown of G&A Dec-18 Dec-17 YoY General 1,868 1,789 4.4% Rental 502 497 1.1% Depreciation
Slide 13: Sound Capital Position
Sound Capital Position 18.77% 18.78% 19.04% 17.53% 17.63% 131,715 134,787 136,888 128,976 129,267 22,615 22,786 24,721 25,314 26,065 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Risk Weighted Assets (Rp Billion) Total Capital (Rp Billion) CAR Capital Ratios Dec-18 Sep-18 Jun-18 Mar-18 Dec-17 YoY QoQ Tier I 16
Slide 14: Balance Sheet
Balance Sheet Financial Position - Consolidated Dec-18 Sep-18 Dec-17 QoQ YoY Rp Billion a b c (a/b)-1 (a/c)-1 Loans 133,349 131,217 125,436 1.6% 6.3% Other Earning Assets 23,806 22,156 29,091 7.4% -18.2% Other Assets 20,377 19,916 18,727 2.3% 8.8% Total Assets 177,533 173,289 173,253 2.4% 2.5% Depos
Slide 15: Financial Ratios
Financial Ratios Key Operating Ratio Dec-18 Sep-18 Dec-17 Key Operating Ratio Dec-18 Sep-18 Dec-17 Consolidated a b c (a-c) Bank Only a b c (a-c) Profitability Profitability Return On Assets 1.74% 1.59% 1.48% 0.26% Return On Assets 1.48% 1.35% 1.23% 0.25% Return On Equities (Tier 1) 10.21% 9.53% 9.9
Slide 16: Table of Contents
Table of Contents Executive Summary 2 Results Overview 5 Prospects & Outlook 16 Appendix Community Financial Services 19 Global Banking 23 Shariah Banking 26 Subsidiaries 28 Maybank Indonesia in Brief 31 Awards, Events and CSR Highlights 36
Slide 17: Market Outlook for 2019
Market Outlook for 2019 Indonesia Outlook • Indonesia‟s economy is expected to grow stable from 5.17% in 2018 to 5.14% in 2019. It will be driven by domestic activities in 2019. The government is expected to play its key role as a main dynamo for sustaining the economy to keep growing above 5% amids
Slide 18: Strategic Priorities and Guidance for 2019
Maybank Indonesia‟s Strategic Priorities and Guidance for 2019 STRATEGIC THEMES 1 MAINTAIN STABLE LIQUIDITY : Community Approach & Promoting selected funding Programs (Product for Operational Accounts & Savings Industry Loans Growth 10.0% - 11.0% while continuing to maintain Deposits) 2 CUSTOMER FOC
Slide 19: Table of Contents
Table of Contents Executive Summary 2 Results Overview 5 Prospects & Outlook 16 Appendix Community Financial Services 19 Global Banking 23 Shariah Banking 26 Subsidiaries 28 Maybank Indonesia in Brief 31 Awards, Events and CSR Highlights 36
Slide 20: Both CFS Non-Retail and Retail grew YoY
Both CFS Non-Retail and Retail grew YoY CFS Non-Retail loans grew by 10.9% YoY CFS Retail loans decreased by 3.1% YoY Rp Trillion 10.9% Rp Trillion 3.1% 42.7 44.0 3.3 3.5 23.4 24.9 58.3 52.6 16.0 15.7 Dec-17 Dec-18 Dec-17 Dec-18 Mortgage Auto Loan Others Asset Quality CFS Non Retail loans grew by
Slide 21: Boost Third Party Deposits Growth through programs and alliance
Boost Third Party Deposits Growth thru attractive programs and alliance with subsidiary Rp trillion Maybank Tabungan MAKSI Suitable for customers with needs to do transaction on daily basis and entrepreneurs. -6.7% +9.6% +2.3% Offering Free of charge for transaction of : • Transfer to other Bank
Slide 22: Update on E-Channel Internet & Mobile Banking
Update on E-Channel Continuous effort to offer the best customer experience Internet & Mobile Banking Number of Registered User 18% Number of Transaction (mio) 21% In 2018, Maybank continue to promote its e- FY 17 FY 18 banking services to provide customer Continuous enhancement on e-banking feature
Slide 23: Table of Contents
Table of Contents Executive Summary 2 Results Overview 5 Prospects & Outlook 16 Appendix Community Financial Services 19 Global Banking 23 Shariah Banking 26 Subsidiaries 28 Maybank Indonesia in Brief 31 Awards, Events and CSR Highlights 36
Slide 24: Global Banking
Global Banking Loans Deposit (Rp Trillion) (Rp Trillion) -23% 2.9% 28.6 30.2 31.0 CA FCY TD 22.0 IDR 7.1 11.4 10.7 5.8 CA TD 21.5 18.8 20.3 16.2 Total Dec 17 Dec 18 Dec-17 Dec-18 Gross Impaired Loan Ratio GB loans as of Dec 2018 were recorded at IDR31.0 (in %) trillion represents a YoY gro
Slide 25: Global Markets
Global Markets Total Income (a) Sales Rp Billion Rp Billion 2018 was a difficult year for trading desk as -23% 9% bond income reduce, as yield increased as an 529 impact of global/US monetary tightening and 409 145 159 hike interest rate policy, coupled with domestic economic challenges. Rates w
Slide 26: Table of Contents
Table of Contents Executive Summary 2 Results Overview 5 Prospects & Outlook 16 Appendix Community Financial Services 19 Global Banking 23 Shariah Banking 26 Subsidiaries 28 Maybank Indonesia in Brief 31 Awards, Events and CSR Highlights 36
Slide 27: Shariah Banking
Shariah Banking Continues to demonstrate positive performance during 2018 Shariah Profit grew 27.3% yoy to Rp803.3 billion in 2018 Appointed as Hajj Funds Management Partner by Hajj Funds Management Agency (BPKH) and subsequently launched Hajj and Umrah Savings program called MyArafah Provided
Slide 28: Table of Contents
Table of Contents Executive Summary 2 Results Overview 5 Prospects & Outlook 16 Appendix Community Financial Services 19 Global Banking 23 Shariah Banking 26 Subsidiaries 28 Maybank Indonesia in Brief 31 Awards, Events and CSR Highlights 36
Slide 29: Maybank Finance
Maybank Finance Continue to record strong profits Revenue and Profit Before Tax Financing Rp Billion 12.4% Rp Billion 4.5% 1,223 1,088 7,152 6,843 19.4% 427 357 Dec-17 Dec-18 Dec-17 Dec-18 Revenue Profit Before Tax Asset Quality Unit Financing (unit) 50,124 50,491 44,145 44,472 0.65% 0.59% 0.5
Slide 30: WOM Finance
WOM Finance Product diversification contributed to positive results Revenue and Profit Before Tax Financing Rp Billion Rp Billion 21.4% 2,616 7.7% 2,154 7,467 6,935 19.4% 237 283 Dec-17 Dec-18 Dec-17 Dec-18 Revenue Profit Before Tax Asset Quality Unit Financing („000 unit) 465 473 2.72% 2.82%
Slide 31: Table of Contents
Table of Contents Executive Summary 2 Results Overview 5 Prospects & Outlook 16 Appendix Community Financial Services 19 Global Banking 23 Shariah Banking 26 Subsidiaries 28 Maybank Indonesia in Brief 31 Awards, Events and CSR Highlights 36
Slide 32: Profile
Profile Profile* Established : 15 May 1959 Total Assets : Rp177.5 Trillion Total Equity : Rp25.1 Trillion Market Capitalisation : Rp15.7 Trillion Position in Indonesia** : Rank #9 in terms of Assets Rank #8 in terms of Loans Rank #10 in terms of Deposits 386 (Maybank Indonesia) # of Branches : 611 1
Slide 33: Company Ratings and Shareholdings
Company Ratings and Shareholdings Company Rating Shareholders Public National Long-Term Rating AAA(idn); Outlook Stable 78.98% 21.02% National Short-Term Rating F1+(idn) Long-Term Foreign-Currency IDR BBB; Outlook Stable Short-Term Foreign-Currency IDR F3 Viability Rating bb Support Rating 2 Senior
Slide 34: Board of Commissioners
Board of Commissioners Edwin Gerungan Achjar Iljas Commissioner Independent Commissioner Datuk Abdul Farid bin Alias President Commissioner Datuk Lim Hong Tat *) Budhi Dyah Sitawati Hendar Commissioner Independent Commissioner Independent Commissioner * Appointed at EGM held on 18 Oct 2018 and will
Slide 35: Board of Directors
Board of Directors Thilagavathy Nadason Jenny Wiriyanto Eri Budiono Director Director Director Taswin Zakaria President Director Irvandi Ferizal Effendi Widya Permana Muhamadian Director Director Director Director Page 35
Slide 36: Table of Contents
Table of Contents Executive Summary 2 Results Overview 5 Prospects & Outlook 16 Appendix Community Financial Services 19 Global Banking 23 Shariah Banking 26 Subsidiaries 28 Maybank Indonesia in Brief 31 Awards, Events and CSR Highlights 36
Slide 37: Notable Awards in 2018
Notable Awards in 2018 Indonesia Human Capital Award 2018 Indonesia CSR Award-II-2018 Human Capital Director of Maybank Indonesia Maybank Indonesia was awarded the platinum Irvandi Ferizal won “the Best Human Capital award (third ranking) in Indonesia CSR Award- Director-Employee Engagement” at the
Slide 38: Event Highlights in 2018
Event Highlights in 2018 Malaysia Indonesia Bilateral Trade Maybank Indonesia launched MySaver program Maybank Indonesia was appointed as one of appointed cross currency dealer (ACCD) by Maybank Indonesia together with PT Allianz Bank Indonesia (BI) and Bank Negara Malaysia Life Indonesia launched a
Slide 39: Pillars of CR Programs
Pillars of CR Programs Page 39
Slide 40: Key CR Achievements 2018 & Fulfilled Development Goals
Key CR Achievements 2018 & Fulfilled Development Goals Rp 5.35 bio More than 9,470 Spent for 5,252 Beneficiaries Rp 38,2 bio Maybank Worth of PR value Maybank Indonesia directly impacted Indonesia CR raised volunteers in 2018 by microfinancing Program in 2018 in 2018 programmes since 2012 Over 34 62
Slide 41: CSR Highlights in 2018
CSR Highlights in 2018 Grand Launching RISE Program Indonesia Maybank and ASEAN Foundation launched empowerment program Maybank Foundation and Maybank Indonesia held the grand launching of Reach Maybank Foundation together with the ASEAN Independence and Sustainable Foundation launched a youth-based
Slide 42: My Bank is Maybank! Thank You
Maybank wins hearts and =, inspires confidence through its commitment to treating M Y BANK Is customers and staff with MAYBA NK ! respect. - We make humanising y ‘- . - f financial services more than ~ just a promise but the way we do business. e ~~ sé 1 Thank You Maybank
Slide 43: PT Bank Maybank Indonesia Tbk Investor Relations
PT BANK MAYBANK INDONESIA Tbk Investor Relations Sentral Senayan III Jl. Asia Afrika No. 8, Gelora Bung Karno Jakarta 10270, Indonesia Tel : (62-21) 2922 8888 Fax : (62-21) 2922 8799 Email : InvestorRelations@maybank.co.id www.maybank.co.id Disclaimer : Please note that some of the statements in thi
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