PT Bank Danamon Indonesia Tbk Class A · IDX:BDMN
PT Bank Danamon Indonesia Tbk Class A — FY2017 Earnings Presentation
16 slides from PT Bank Danamon Indonesia Tbk Class A's earnings presentation, Feb 12, 2018
Slide 1: Analyst Briefing FY 2017 Financial Results
Analyst Briefing FY 2017 Financial Results Jakarta, 12 February 2018 PT Bank Danamon Indonesia Tbk terdaftar dan diawasi oleh OJK
Slide 2: FY 2017 Highlight: Diversified portfolio improved Risk-Adjusted NIM and 38% NPAT growth
FY 2017 Highlight: Diversified portfolio resulted in improved Risk-Adjusted NIM and 38% NPAT growth • Excluding micro loans, total portfolio including trade finance grew 5% YoY • SME and Consumer Mortgage loan portfolios increased by 10% and 36% YoY, respectively. Asset and Enterprise Banking loans
Slide 3: FY 2017 Balance Sheet Highlights
FY 2017 Balance Sheet Highlights In Rp billion FY16 FY17 YoY 1Q17 2Q17 3Q17 4Q17 QoQ Total Assets 174,437 178,257 2% 171,132 176,136 173,674 178,257 3% Total Loan Portfolio and Trade Finance1) 127,310 129,724 2% 126,383 128,340 126,883 129,724 3% Total Loan Portfolio and Trade Finance1) excl. Micro
Slide 4: FY 2017 Income Statement
FY 2017 Income Statement In Rp billion FY16 FY17 YoY 1Q17 2Q17 3Q17 4Q17 QoQ Net Interest Income 13,793 14,170 3% 3,550 3,508 3,523 3,589 2% Net Interest Income excl. micro 12,402 13,238 7% 3,263 3,271 3,299 3,405 3% Non Interest Income(1) 3,913 3,489 -11% 851 867 889 882 -1% Operating Income 17,706
Slide 5: FY 2017 Key Financial Ratios
FY 2017 Key Financial Ratios In % FY16 FY17 YoY 1Q17 2Q17 3Q17 4Q17 QoQ NIM 8.9 9.3 0.4 9.4 9.2 9.2 9.3 0.1 CoC 3.5 2.8 0.7 2.7 2.8 2.6 3.1 (0.5) Risk-adjusted NIM 5.4 6.5 1.1 6.7 6.4 6.6 6.2 (0.4) Cost to Income 48.8 49.0 (0.2) 47.5 48.5 49.3 50.5 (1.1) CASA Ratio 46.0 48.3 2.3 44.8 44.3 47.5 48.3
Slide 6: Turn-around in Micro banking performance yielded further upside for the Bank
Turn-around in Micro banking performance yielded further upside for the Bank Consolidated Financials Consolidated Financials With SEMM If without SEMM* FY16 FY17 YoY FY16 FY17 YoY NIM (%) 8.9 9.3 0.4 8.9 9.3 0.4 Cost of Credit (%) 3.5 2.8 0.8 2.4 2.3 0.1 Cost-to-Income Ratio (%) 48.8 49.0 (0.2) 45.9
Slide 7: Stable liquidity coupled with improving funding mix
Stable liquidity coupled with improving funding mix Regulatory LFR* (%) – Liquidity has been stable Consolidated Funding (Rp tn, %) – Increase in CASA ratio 98.8% 100.2% 98.8% 96.6% 96.1% Consolidated LFR LFR Ave Daily 126 122 126 121 126 91.0 92.8 89.6 93.8 93.3 38% 37% 37% 40% CASA 39% 91.9 91.7 9
Slide 8: Capital structure remains strong
Capital structure remains strong Capital Adequacy Ratio (%) Market and Operational Risk Charges (%) 23.2 23.2 23.8 23.2 22.3 % 4Q16 1Q17 2Q17 3Q17 4Q17 20.9 21.8 21.5 22.3 22.1 CAR w/ Credit 26.9 28.1 27.6 28.6 28.2 Risk Market Risk 0.1 0.1 0.1 0.1 0.1 Charge Operational 6.0 6.2 6.0 6.3 6.1 Risk Cha
Slide 9: Double digit growth in SME and Consumer Mortgage offset declining Micro loans
Double digit growth in SME and Consumer Mortgage offset declining exposure in Micro loans Composition of Loan Portfolio & Trade Finance1) Growth of Loan Portfolio & Trade Finance1) (Rp tn) 128.3 129.7 127.3 126.4 126.9 Rp bn FY16 FY17 YoY QoQ Enterprise2) & FI 36,294 37,618 4% 5% 29% 29% 28% 29%
Slide 10: ADMF's new 2W & 4W financing amount grew by 5% & 6% respectively
ADMF’s new 2W & 4W financing amount grew by 5% & 6% respectively ADMF units New Financing vs. Industry ADMF New Financing amount (% YoY growth based on cumulative YTD) (% YoY growth) -1% 8% 8% 5% 6% 0% 3% 7% -3% 5% 5% -7% -8% -5% -5% 1% -2% -8% -9% -9% FY16 1Q17 1H17 9M17 FY17 FY16 1Q17 1H17 9M17 FY
Slide 11: Risk adjusted NIM steady despite shifting away from Micro
Risk adjusted NIM steady despite shifting away from Micro Composition of Loan Portfolio & Trade Finance Risk-Adjusted NIM (Rp tn) (%) 127.3 126.4 128.3 126.9 129.8 9.4 9.4 9.2 9.3 9.3 75% 76% 76% 77% 78% 3.3 2.7 2.8 2.7 2.8 6.1 6.7 6.4 6.6 6.5 25% 24% 24% 23% 22% 4Q16 1Q17 2Q17 3Q17 4Q17 4Q16 1Q17 2
Slide 12: NPL ratio improved 30 bps YoY to 2.8%
NPL ratio improved 30 bps YoY to 2.8% 128,135 133,144 132,864 Industry’s NPL 132,984 133,276 4% increase 3,735 3,844 3,871 3,987 3,412 BDI’s NPL NPL amount 22% 24% 24% 27% 9% YoY decrease (Rp bn) 23% and 23% 26% 24% 25% Enterprise & FI 6% 5% 28% Composition 5% 5% 6% SME (% of Total NPL) 49% 45% 47%
Slide 13: The majority of portfolio is in trading, processing and household sectors
The majority of portfolio is in the trading, processing and household sectors with low exposure in mining BDI Loans by Sector (% of total loans) Industry Loans by Sector (% of total loans) 38.1 36.3 Dec-16 Dec-17 19.4 19.0 Nov-16 Nov-17 17.6 17.2 16.0 17.2 16.2 17.3 9.1 9.3 6.5 6.8 4.7 4.7 4.9 5.5 5
Slide 14: CoC ratio and Restructured Loans declined YoY
CoC ratio and Restructured Loans declined YoY 3.5 2.8 2.7 2.7 2.7 YTD CoC as % of avg loan Cost of Credit 997 957 (% of Avg Loans and 831 859 818 23% Rp bn) 33% 35% Non Mass Market 32% 35% Mass Market 77% 65% 68% 67% 65% 4Q16 1Q17 2Q17 3Q17 4Q17 3,451 3,293 3,444 3,416 % of total loan 3,151 Restruct
Slide 15: Total fee declined mainly due to credit related fees. Bancassurance fee grew 17%
Total fee declined mainly due to credit related fees. Bancassurance fee grew 17% Fee Income (Rp bn) Non-Credit Related Fee Income (Rp bn) FY16 FY16 -7% FY17 FY17 -9% 535 495 3,842 3,513 +17% -14% -4% 345 315 304 2,433 295 2,082 0% 1,146 1,144 +9% 263 287 Credit Related Non-Credit Treasury Total Fee
Slide 16: THANK YOU
THANK YOU Investor Relations PT Bank Danamon Indonesia, Tbk Menara Bank Danamon, 16th Floor Jl. H.R. Rasuna Said Kav. C-10 Setiabudi - Kuningan, Jakarta Selatan 12940 Phone: +62 21 8064 5000 Email: investor.relations@danamon.co.id
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