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) — Q3 2017 Earnings Presentation
37 slides from Pt Bank Pembangunan Daerah Jawa Barat & Banten Tbk's earnings presentation, 2017
Slide 1: Bigger, Stronger, Better - 3Q17 Company Report
Bigger, Stronger, Better bank bjb 3Q17 Company Report
Slide 2: Macroeconomic
Macroeconomic BI 7 Day Reverse Repo Rate at 4.25% Stable Consumer Confident Index GDP Growth (LHS) 7 Day RR (RHS) Consumer Confidence Index 8 6 140 7 5 120 6 Index (points) 4 100 5 80 (%) (%) 4 3 60 3 2 2 40 1 1 20 0 0 0 Source: Bloomberg Source: Bloomberg Inflation Reached 3.72% YoY in September ID
Slide 3: Banking Sector
Banking Sector 30.0 Loans Growth As of Aug 17, banking sector data shows: 25.0 • Loans +8.38%YoY to Rp4,527 tr (Investment loans +6.99% YoY Growth (%) 20.0 YoY, working capital +7.81% YoY, consumer loans +10.18% 15.0 YoY) 10.0 • Deposit 9.60% YoY to Rp5,052 tr (CASA +8.53% YoY, Time 5.0 Deposit +10.
Slide 4: Result Summary
Result Summary • Net Interest Income at Rp 4.7 tr (+3.5% YoY) Income • PPOP at Rp 2.0 tr (-4.1% YoY) Statement • LLP at Rp 543 bn (+3.0% YoY) • Net Income at Rp 1.1 tr (-8.0% YoY) • Total Loans at Rp 70.8 tr (+12.0% YoY) Balance • Total Financing at Rp 5.4 tr (+2.1% YoY) Sheet • Total Deposits at Rp
Slide 5: Target vs. Realization
Target vs. Realization (%) Target 3Q’16 4Q’16 1Q’17 2Q’17 3Q’17 Loans Growth 13% -14% 15.7 14.2 13.6 12.9 11.9 Deposit Growth 12% - 13% -5.2 16.1 4.9 15.9 18.6 ROA (net) 1.5% - 2.0% 2.1 1.7 1.8 1.8 1.7 ROE (net) 15% - 20% 21.7 17.6 17.3 17.3 17.1 NIM 6.5% - 7.0% 7.2 7.4 6.5 6.8 6.7 Cost of Fund 5.0%
Slide 6: Income Statement
Income Statement Income Statement Positioning YoY YoY (Rp bn) 3Q’16 3Q’17 (%) Interest Income 7,948 8,511 7.1% 563 Interest Expense 3,449 3,853 11.7% 404 Net Interest Income 4,498 4,658 3.5% 159 Fee Based Income 461 546 18.5% 85 Operating Expense 3,050 3,312 8.6% 261 Gain (Loss) on Financial Stateme
Slide 7: Balance Sheet
Balance Sheet Balance Sheet YoY 3Q’16 4Q’16 1Q’17 2Q’17 3Q’17 (Rp bn) (%) Cash 1,978 2,215 1,803 3,448 1,789 -9.5% Current Account with 5,109 5,516 5,555 5,675 5,538 8.4% Bank Indonesia Secondary Reserves 22,310 22,255 25,442 21,819 26,744 19.9% Loans - net 62,581 62,755 62,474 67,641 70,297 12.3% F
Slide 8: Key Ratios (bank only)
Key Ratios (bank only) Key Ratios 3Q’16 4Q’16 1Q’17 2Q’17 3Q’17 Profitability ROA (net) 2.1 1.7 1.8 1.8 1.7 ROE (net) 21.7 17.6 17.3 17.3 17.1 Cost Ratios Cost to Income Ratio 64.1 67.4 68.9 64.2 64.3 Expenses Ratio 77.4 82.7 79.1 80.2 80.5 Yield Asset Yield 12.2 12.3 11.7 11.9 11.8 Cost of Fund 5.0
Slide 9: Loans Breakdown (bank only)
Loans Breakdown (bank only) Consumer Micro Commercial Mortgage 80 Segment YoY 3Q’16 3Q’17 (Rp bn) (%) 70 42,824 46,776 9.2% 5.1 Consumer 4.9 60 4.5 4.6 4.7 4.5 14.0 Micro 3,458 4,650 34.5% 12.4 4.5 4.5 4.5 12.3 10.8 9.2 50 10.8 4.6 Commercial 12,269 14,034 14.4% 4.4 9.2 7.8 3.5 3.8 9.2 3.5 3.4 (Rp t
Slide 10: Consumer Loans
Consumer Loans Civil Servant Loans (LHS) Pensioner Loans (LHS) YoY NPL (RHS) Key Indicators 3Q’16 3Q’17 (%) 50 1.0 Loans Outstanding 42,824 46,776 9.2% 45 0.9 Net Expansion 40 9.7 0.8 YtD 4,606 2,551 -44.6% 7.6 8.5 9.3 5.6 6.7 (Rp bn) 4.5 3.6 3.9 35 0.7 Avg. Loans Outstanding 111 115 3.5% 30 0.6 (Rp
Slide 11: Micro Loans
Micro Loans KMU (LHS) Govt Program (LHS) YoY Key Indicators 3Q’16 3Q’17 (%) Others (LHS) NPL (RHS) 5.0 30.0 Loans Outstanding 3,458 4,650 34.5 % 4.5 Net Expansion 25.0 YtD 128 1,120 775.1 % 4.0 (Rp bn) 3.5 Avg. Loans 2.7 20.0 Outstanding 100 163 63.4 % 3.0 1.1 2.6 (Rp mn) 1.3 2.2 No of Account 34,66
Slide 12: Commercial Loans
Commercial Loans Working Capital (LHS) Investment (LHS) YoY Key Indicators 3Q’16 3Q’17 Syndicated (LHS) NPL (RHS) (%) 16.0 15.0 Loans Outstanding 12,269 14,034 14.4 % 14.0 14.0 13.0 1.8 Net Expansion 12.0 3,023 3,202 5.9% YtD 12.0 1.4 1.8 1.6 11.0 (Rp bn) 10.0 10.0 1.5 1.8 1.4 Avg. Loans 1.8 9.0 Out
Slide 13: Mortgage Loans
Mortgage Loans Mortgage Loans (LHS) NPL (RHS) YoY Key Indicators 3Q’16 3Q’17 5.20 15.0 (%) 5.08 14.0 5.10 Loans Outstanding 4,472 5,077 13.5 % 13.0 5.00 12.0 Net Expansion 4.89 11.0 YtD (35) 520 - 4.90 (Rp bn) 10.0 4.80 Avg. Loans 9.0 4.70 Outstanding 229 212 -7.2 % 4.70 8.0 (Rp mn) (Rp tr) (%) 7.0
Slide 14: Deposit Breakdown (bank only)
Deposit Breakdown (bank only) Current Account Savings Account Time Deposit Deposits 100 YoY Breakdown 3Q’16 3Q’17 (%) (Rp bn) 90 Current Account 27,252 25,682 -5.8% 80 Saving Account 12,650 14,461 14.3% 70 46.4 60 Time Deposit 33,097 46,406 40.2% 37.4 40.1 39.2 33.8 33.1 29.7 38.9 (Rp tr) 50 TOTAL 7
Slide 15: Special Mention Loans
Special Mention Loans Consumer (LHS) Micro (LHS) Commercial (LHS) Consumer Micro Commercial Mortgage Mortgage (LHS) % to Loans (RHS) 2,000 3.0 100% 1,800 90% 2.5 37 1,600 702 80% 41 Absolute Special Mention Loans (Rp bn) 45 48 52 54 Special Mention Contribution (%) Special Mention/Total Loans (%) 1,
Slide 16: Absolute Non Performing Loans
Absolute Non Performing Loans Consumer (LHS) Micro (LHS) Commercial (LHS) Consumer Micro Commercial Mortgage Mortgage (LHS) % to Loans (RHS) 100% 2,500 4.0 90% 18 18 24 26 25 3.5 31 28 31 31 80% 2,000 3.0 Absolute Non Performing Loans (Rp bn) 70% Non Performing Loan/Total Loans (%) 30 33 340 NPL Con
Slide 17: Yield Analysis
Yield Analysis Others Placement to 1.4% BI Asset Yield 3Q’16 3Q’17 10.6% Interbank (%) Placement 1.7 2.4 2.3% Placement to Bank Indonesia Interbank Placement 3.3 3.3 Marketable Securities 12.7% Securities 7.2 6.9 Loans 72.9% Loans Yield 14.7 14.3 Others - - Cost of Fund Interbank Lending 3Q’16 3Q’17
Slide 18: Capital Adequacy
Capital Adequacy •Total Capital to Rp 8.6 tr ( Rp 276 bn YoY) Risk Weighted YoY 3Q’16 3Q’17 Asset (RWA) (%) • Total CAR at 16.4% (-176 bps YoY) Total RWA 46,108 52,760 14.4 % Addition to Credit Risk 36,299 42,730 17.7 % Net Impact Risk RWA/ CAR Analysis to CAR Weighting Rp1tr Net 9,157 9,157 - (%) O
Slide 19: Consumer Loan Details
EA bank bjb Consumer Loan Details
Slide 20: Civil Servant Loans
Civil Servant Loans Civil Servant Loans (LHS) NPL (RHS) YoY Key Indicators 3Q’16 3Q’17 40 0.5 (%) 36.6 37.1 36.1 35.2 Loans Outstanding 36,113 37,106 2.7 % 35 33.7 36.6 36.9 35.8 34.3 0.4 Net Expansion 30 YtD 1,805 518 -71.3 % (Rp bn) 25 Avg. Loans Outstanding 0.3 110 112 1.6 % (Rp mn) 0.27 (Rp tr)
Slide 21: Pensioner Loans
Pensioner Loans Pensioner Loans (LHS) NPL (RHS) YoY Key Indicators 3Q’16 3Q’17 12,000 0.5 (%) 0.44 Loans 6,710 9,670 44.1 % Outstanding 10,000 9,670 0.4 Net Expansion 8,470 9,291 YtD 2,801 2,033 -27.4 % (Rp bn) 8,000 Avg. Loans 6,710 7,637 0.3 Outstanding 118 130 10.2 % (Rp mn) (Rp tr) (%) 6,000 5,6
Slide 22: Sharia Business Performance
Sharia Business Performance 3Q17 bank bjb Sharia 22
Slide 23: Result Summary (Sharia)
Result Summary • Net Financing Income at Rp 267bn (+7.3% YoY) Income • Operating Expenses at Rp 682 bn (-51.1% YoY) Statement • Net Loss at Rp 223 bn (-5.8% YoY) • Total Financing at Rp 5.4 tr (+2.1% YoY) Balance • Total Deposit at Rp 5.6 tr (+13.0% YoY) Sheet • Total Asset at Rp 7.4 tr (+7.3% YoY)
Slide 24: Key Ratios (Sharia)
Key Ratios Sharia 3Q’16 3Q’17 YoY (%) CAR 23.1% 13.1% -10.0% NPF Gross 12.5% 19.2% +6.7% NPF Nett 4.1% 2.1% -2.0% ROA -6.2% -5.3% +0.9% ROE -36.1% -42.6% -6.5% BOPO 118.7% 132.5% +13.8% FDR 107.4% 97.1% -10.3% NIM 5.0% 4.8% -0.2% 24
Slide 25: Income Statement (Sharia)
Income Statement Income Statement YoY 3Q’16 3Q’17 (Rp mn) (%) Financing Income 541,121 563,747 4.2% Financing Expense 292,021 296,508 1.5% Net Financing Income 249,100 267,239 7.3% Other Operating Income 833,689 117,612 -85.9% Operating Expense 1,393,938 681,819 -51.1% Operating Income (311,149) (29
Slide 26: Balance Sheet (Sharia)
Balance Sheet BS highlight YoY 3Q’16 3Q’17 (Rp Mn) (%) Cash 42,763 45,355 6.1% Current Account with Bank Indonesia 271,578 303,795 11.9% Secondary Reserves 1,375,843 1,957,330 42.3% Financing-net 4,832,860 4,461,498 -7.7% Fixed Asset-net 171,283 274,411 60.2% Other Asset 240,424 395,362 64.4% Total
Slide 27: Sharia Performance
Sharia Performance Financing YoY 3Q’16 3Q’17 (Rp mn) (%) Murabahah (Trading) 4,134,601 4,364,803 5.6% Qardh (Bridging) 67,518 65,359 -3.2% Financing 1,089,160 971,865 -10.8% Istishna (Pawning) 2,194 2,186 -0.4% Total Gross Financing 5,293,473 5,404,213 2.1% Funding YoY 3Q’16 3Q’17 (Rp mn) (%) Wadiah
Slide 28: Company Profile
EA bank bjb Company Profile bank bjb
Slide 29: Distribution Network
Distribution Network Total bjb employees Others 7,712 Deposits 2.4 Tr Total bjb customers Loans 6.7 Tr 4,395,160 Micro Loans 1.38 Tr Profit 205.8 bn 74,080 Customers 13 Branch Offices 13 Sub Branch Offices 7 Cash Offices 96 ATM Unit 442 Employees Jakarta Deposits 20.8 Tr Loans 9.3 Tr Micro Loans 607
Slide 30: Branch Network Details
Branch Network Details No bjb Network 3Q’16 3Q’17 YoY 1 Branch 63 65 +2 2 Sub Branch 311 309 -2 3 Cash Offices 331 338 +7 4 Payment Point 138 149 +11 5 ATM 1,211 1,340 +129 6 Layanan bjb Precious 11 11 - 7 MSME Center 6 6 - 8 Mobile Cash 12 11 -1 9 Weekend Banking 11 11 - 10 Forex Branches 47 47 - 1
Slide 31: Human Capital
Human Capital Educational Breakdown Level 3Q’16 3Q’17 YoY Up To Bachelor Board of Commissioners 5 5 - Degree 94% Directors 7 6 -1 Top Management 42 38 -4 Middle Management 346 363 +17 First Line Management 1,778 1,830 +52 Staff 5,344 5,464 +120 Master of Doctorate 6% Employee in Pension Preparation
Slide 32: Ownership
Ownership Ownership Structure 3Q16 3Q17 Founder (A Series) 75.00 75.00 West Java Provincial Government 38,26 38.26 West Java Municipal Governments 23,61 23.61 Banten Provincial Government 5,37 5.37 Banten Municipal Governments 7,76 7.76 Public (B Series) 25,00 25.00 Local Retail 3.66 6.34 Local Inst
Slide 33: 2017 Awards
2017 Awards SWA – Business News – Business News – Business News – “Indonesia Original Brand 2017 Brand Finance & SWA – “TOP BUMD 2017 Best Over All” “TOP BPD 2017” “TOP CEO 2017” (Rank 1st)” “TOP 100 Best Valuable Indonesian Brands” Markplus – “Silver Champion SWA – “Indonesia Best Public Indohousin
Slide 34: 2017 Awards
2017 Awards Annual Report Award Forbes Indonesia - Best of the Tahun Buku 2016 – Bisnis Indonesia Financial Award Koran SINDO – PR Indonesia – 2017 – Best Awards 2017 TOP 50 “Annual Report Award Companies (Rank 18th ) “Apresiasi Inovasi” “Best Communicators 2017” Tahun Buku 2016 (Rank “The Best Perf
Slide 35: 2017 Awards
2017 Awards AAEI & CSA Intitute – Markplus.Inc Awards – Tribute From West Java Province – Excellence Service Experience Awards (ESEA) 2017 - “One of The Best Stock for “Mr. Ahmad Irfan as “CSR Partner” “Regular Banking Category” Yuk Nabung Saham Program 2017” Marketing Champion 2017” Ministry of Fin
Slide 36: Share Price Performance
Share Price Performance Volume (RHS) Price (LHS) Investor Relations Group Menara bank bjb 7 th Floor 3550 200 Jl. Naripan 12 – 14 Bandung 40111 180 +6222 4234868 ext 7140/7141 3050 ir@bankbjb.co.id 160 Contact Person: Muhammad As’adi Budiman 140 Deputy Corporate Secretary 2550 mbudiman@bankbjb.co.id
Slide 37: 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