Pt Bank Jago Tbk · IDX:ARTO
Pt Bank Jago Tbk — Q1 2025 Earnings Presentation
13 slides from Pt Bank Jago Tbk's earnings presentation, April 2025
Slide 1: 1Q 2025 Results Update
1Q 2025 Results Update April 2025
Slide 2: Content
Content 1Q 2025 Results Update 2
Slide 3: 1Q25 performance highlights
1Q25 performance highlights Maintain growth momentum in customers, funding & lending balances IDR 18.8tn 21.4tn 14.8tn 16.9tn 62% YoY Growth in 13.2tn Funding Balances 0.8tn Mar ‘24 Jun ‘24 Sep ‘24 Dec ‘24 Mar ‘25 IDR 20.3tn 17.3tn 17.7tn 15.7tn 42% YoY Increase 14.3tn Lending Balances Mar ‘24 Jun ‘
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 Customer Deposits, IDR tn 21.4 Loan Balances, IDR tn 18.8 20.3 16.9 17.3 17.7 14.8 14.3 15.7 13.2 57% 53% 54% 63% 61% Mar ‘24 Jun ‘24 Sep ‘24 Dec ‘24 Mar ‘25 Mar ‘24 Jun ‘24 Sep ‘
Slide 5: Key ratios maintained at a healthy level
Key ratios maintained at a healthy level Net Interest Margin Return on Assets 8.8% 7.5% 8.0% 7.2% 6.7% 1.0% 1.0% 0.7% 0.5% 0.6% 1Q ‘24 2Q ‘24 3Q ‘24 4Q ‘24 1Q ‘25 1Q ‘24 2Q ‘24 3Q ‘24 4Q ‘24 1Q ‘25 Cost of Funds (End of Period) Non-Performing Loans & Cost of Credit 4.6% 4.0% 3.0% 3.4% 3.7% 3.1% 3.1%
Slide 6: Balance sheet
Balance sheet IDR billion Mar ‘24 Jun ‘24 Sep ‘24 Dec ‘24 Mar ‘25 QoQ YoY Cash & BI 1,336 1,464 1,595 1,022 1,703 Placement & Securities 4,770 4,940 5,651 7,474 8,018 Loans & Syariah Financing 14,272 15,671 17,256 17,701 20,258 14% 42% • Partnership & Ecosystem Lending* 13,568 15,279 16,983 17,644 2
Slide 7: Income statement
Income statement IDR billion 1Q ‘24 2Q ‘24 3Q ‘24 4Q ‘24 FY ‘24 1Q ‘25 QoQ YoY Interest Income 442 469 500 641 2,053 789 23% 78% Treasury 66 65 76 82 289 93 Conventional 370 403 423 556 1,753 694 Syariah 6 1 2 2 11 2 Interest Expense (97) (106) (131) (164) (499) (197) 20% 102% Net Interest Income 34
Slide 8: Ratios
Ratios % 1Q ‘24 2Q ‘24 3Q ‘24 4Q ‘24 FY ‘24 1Q ‘25 NIM 7.5 7.2 6.7 8.0 7.3 8.8 • Loans 8.1 7.7 7.0 8.9 8.0 10.4 • Treasury Assets 5.3 5.4 5.8 5.8 5.6 5.6 Cost of Fund (end of period) 3.1 3.1 3.4 3.7 3.7 4.0 Cost to Income 80 77 77 63 74 56 LDR 108 106 102 94 94 94 LAR 4.0 3.3 3.5 3.8 3.8 5.1 NPL 0.6
Slide 9: Content
Content 1Q 2025 Results Update 9
Slide 10: Since launch in 2021, Jago has scaled its businesses effectively
Since launch in 2021, Jago has scaled its businesses effectively, achieving over USD 1bn in balance sheet in just over three years A small bank (Artos) was transformed into Jago With strong partnerships in the digital ecosystem • Small bank (Artos) acquired, with USD 100m in new capital injected in
Slide 11: Jago 2.0 strategy to unlock the next wave of potential growth
Jago 2.0 strategy to unlock the next wave of potential growth 01 Optimise existing strategic partnerships 02 Start lending direct to customers 03 Launch wealth management 04 Upgrade the Jago app with AI to become truly life-centric 11
Slide 12: In 2025, Jago 2.0 will focus on bringing more products and innovations
In 2025, Jago 2.0 will focus on bringing more products and innovations to customers through our app Scale digital lending to Introduce FX proposition Expand investment Double down on AI to more customers and to support high demand offerings to provide an improve customer expand product suite travel
Slide 13: Jago
Jj Jago