Pt Bank Jago Tbk · IDX:ARTO
Pt Bank Jago Tbk — 9M 2024 Earnings Presentation
14 slides from Pt Bank Jago Tbk's earnings presentation, October 2024
Slide 1: 9M 2024 Results Update
9M 2024 Results Update October 2024
Slide 2: Content
Content 9M 2024 Results Update 2
Slide 3: 9M24 performance highlights
9M24 performance highlights Maintain growth momentum in customers, funding & lending balances IDR 16.9tn 13.2tn 14.8tn 12.1tn 64% YoY Growth in 10.3tn Funding Balances Sep ‘23 Dec’23 Mar’24 Jun’24 Sep’24 IDR 15.7tn 17.3tn 13.0tn 14.3tn 10.9tn 59% YoY Increase Lending Balances Sep ‘23 Dec ‘23 Mar ‘24
Slide 4: Maintain strong and sustainable growth momentum
Maintain strong and sustainable growth momentum CASA ratio continues to be healthy TD CASA Expansion in lending balances Syariah Conventional Customer Deposits, IDR tn Loan Balances, IDR tn 17.3 16.9 15.7 14.8 14.3 13.0 12.1 13.2 10.9 10.3 99% 99% 99% 57% 97% 73% 65% 63% 61% 92% Sep ‘23 Dec ‘23 Mar
Slide 5: Key ratios maintained at a healthy level
Key ratios maintained at a healthy level Net Interest Margin Return on Assets 9.0% 8.0% 7.5% 7.2% 6.7% 0.7% 0.5% 0.5% 0.6% 0.4% 3Q ‘23 4Q ‘23 1Q ‘24 2Q ‘24 3Q ‘24 3Q ‘23 4Q ‘23 1Q ‘24 2Q ‘24 3Q ‘24 Cost of Funds (End of Period) Non-Performing Loans & Cost of Credit 3.2% 3.1% 3.1% 3.4% 1.7% 2.9% 3.0%
Slide 6: Balance sheet
Balance sheet IDR billion Sep ‘23 Dec ‘23 Mar ‘24 Jun ‘24 Sep‘24 YoY Cash & BI 1,026 1,188 1,336 1,464 1,595 Placement & Securities 5,569 5,254 4,770 4,940 5,651 Loans & Syariah Financing 10,871 13,020 14,272 15,671 17,256 59% • Partnership & Ecosystem Lending 9,141 12,111 13,568 15,279 16,983 • Fin
Slide 7: Income statement
Income statement IDR billion 9M ‘23 FY ‘23 1Q ‘24 2Q ‘24 3Q ‘24 9M ‘24 YoY Interest Income 1,437 1,875 442 469 500 1,412 -2% Treasury 220 287 66 65 76 207 Conventional 993 1,346 370 403 423 1,196 Syariah 224 242 6 1 2 9 Interest Expense (227) (309) (97) (106) (131) (335) 47% Net Interest Income 1,20
Slide 8: Ratios
Ratios % 9M ‘23 FY ‘23 1Q ‘24 2Q ‘24 3Q ‘24 9M ‘24 NIM 10.0 9.5 7.5 7.2 6.7 7.1 • Loans 12.3 11.7 8.1 7.7 7.0 7.6 • Treasury Assets 5.3 5.3 5.3 5.4 5.8 5.5 Cost of Fund (end of period) 2.9 3.1 3.1 3.1 3.4 3.4 Cost to Income 69 72 80 77 77 78 LDR 105 108 108 106 102 102 LAR 8.5 5.5 4.0 3.3 3.5 3.5 NP
Slide 9: Content
Content 9M 2024 Results Update 9
Slide 10: Over three years, we have built Jago to meaningful scale
Over three years, we have been able to build Jago to meaningful scale and learnt important lessons along the way Jago has created an What we got right … delivered 14.1 Mn customers… ecosystem of partners.. Ecosystem partners to scale faster at lower cost Secured partnership with 20+ Customers acquir
Slide 11: We benchmarked Jago against leading international players and derived five key observations
We benchmarked Jago against leading international players and derived five key observations Customers Observations from our benchmarking exercise (million) against industry leaders 14.1 Ecosystem players scale rapidly from the outset, 10.2 6.9 but slow down once the ecosystem has been 2.5 penetrated
Slide 12: From that, four imperatives for the future of Jago emerge
From that, four imperatives for the future of Jago emerge Strengthen Jago’s direct offering on top of our 1 partnership play to find the next S curve in growth Re-ignite innovation Learnings 2 Observations from from the best Jago 1.0 in digital Round out our product suite banking 3 (direct lending,
Slide 13: To unlock additional growth in consumer lending, we have designed an innovative digital direct lending proposition
To unlock additional growth in consumer lending, we have designed an innovative digital direct lending proposition Uniquely-integrated digital-first consumer credit Soft launc h in Oct solution that centers around responsible lending 2024 Transparent & Affordable Personalised Progressive Loan Journe
Slide 14: Jago
Jj Jago