Pt Bfi Finance Indonesia Tbk · IDX:BFIN
Pt Bfi Finance Indonesia Tbk — Investor Presentation (February 2023)
15 slides from Pt Bfi Finance Indonesia Tbk's investor presentation, February 2023
Slide 1: Investor Presentation
INVESTOR PRESENTATION PT BFI FINANCE INDONESIA TBK FEBRUARY 2023
Slide 2: Key Financial Highlights
Key Financial Highlights • FY22 bookings was Rp20,081 bil – a 22.2% QoQ increase, and 52.7% YoY. The highest Growth quarterly bookings achieved in history – Rp6,354 bil in 4Q22 • Total Managed Receivables up 11.6% QoQ, 40.7% YoY to Rp20,498 bil • NPF continues to improve – 1.0% in Dec-22, 9 bps lowe
Slide 3: Product Breakdown
Product Breakdown Continued Focus on High Returns Product Differentiates BFI From the Rest of the Market Breakdown of Bookings (excl Pinjam Modal) Breakdown of Receivables (incl Pinjam Modal) FY21 vs FY22 FY21 vs FY22 1% 2% 2% 2% 2% 3% 1% 2% 11% 3% 4% 12% 13% 13% 15% 17% 10% 12% 65% 62% 57% 58% 6% 7
Slide 4: Balance Sheet Highlights
Balance Sheet Highlights BFI Maintains a Robust Balance Sheet – Enabling us to Absorb Higher Risk in a Competitive Market In Rp bil * FY22 FY21 YoY ∆ 4Q22 3Q22 QoQ ∆ 4Q22 4Q21 YoY ∆ (unless otherwise stated) New Bookings** 20,081 13,149 + 52.7% 6,354 5,198 + 22.2% 6,354 3,895 + 63.1% Managed Receiva
Slide 5: Balance Sheet Highlights
Balance Sheet Highlights Strong Bookings Growth Coming out of Pandemic Quarterly Bookings (excl Pinjam Modal) Trend 2019-2022 6,354 5,198 4,581 4,425 4,185 4,043 4,104 3,780 3,895 3,350 3,137 3,196 2,921 2,166 1,333 57 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 S
Slide 6: Profit & Loss Highlights
Profit & Loss Highlights One of the Most Profitable Companies in the Industry In Rp bil * FY22 FY21 YoY ∆ 4Q22 3Q22 QoQ ∆ 4Q22 4Q21 YoY ∆ (unless otherwise stated) Interest Income 3,541 2,818 + 25.7% 996 912 + 9.3% 996 762 + 30.7% Financing Cost 624 570 + 9.5% 182 158 + 15.8% 182 134 + 36.5% Net Int
Slide 7: Key Ratios
Key Ratios Consistently Superior Ratios vs Industry Performance In Rp bil * FY22 FY21 YoY ∆ 4Q22 3Q22 QoQ ∆ 4Q22 4Q21 YoY ∆ (unless otherwise stated) Net Interest Spread 13.6% 11.9% + 174 bps 13.7% 13.9% V 17bps 13.7% 13.5% + 18bps Cost to Income 46.5% 50.3% V 377 bps 47.9% 46.0% + 196bps 47.9% 51.8
Slide 8: Superior Balance Sheet Quality
Superior Balance Sheet Quality NPF and Write-Offs Kept Low, with Excess Provisioning on the Books NPF Trend Write-Off Trend 2017-2022 2017-2022 4.5% 5.0% 4.0% 4.5% 4.1% 4.0% 3.5% 4.0% 3.5% 3.0% 3.0% 2.4% 2.5% 2.8% 2.5% 2.0% 1.7% 2.0% 2.0% 2.3% 1.8% 1.3% 1.6% 1.5% 1.2% 1.0% 1.5% 1.0% 0.9% 1.5% 1.5% 1
Slide 9: Emerging Stronger Post-Pandemic
Emerging Stronger Post-Pandemic Stringent Pandemic Risk Management Including Rigorous Collections and Credit Assessment Policies 35.5% 33.1% 25.8% 26.5% 20.2% Restructured Loans 14.8% 10.2% % of total ENR 6.9% 4.5% 2.9% 1.6% 3.7% 2.7% 2.3% 2.1% NPL 1.7% 2.0% 1.3% 1.4% 1.3% 1.1% 1.1% 1.1% 1.1% 1.1% 1
Slide 10: Strong Capital Base
Strong Capital Base Funding Sources are Well-Diversified, with High Equity Levels Resulting in Low Leverage Source of Funding External Funding 2017-2022 Sources FY22 JF 0.9% 4,904 6,204 6,080 Bonds & MTN 6,606 8,756 7,429 13.2% 524 Borrowings 684 726 USD 103 11.3% 3,909 3,758 258 1,581 5,196 45 2,97
Slide 11: Historical Financials
Historical Financials Proven Track Record with Ability to Withstand Economic Cycles Bookings vs Receivables (Rp bil) 2017-2022 • Strong recovery post 20,081 pandemic – Receivables has 16,372 grown 47% since FY20, 15,896 14,341 7,599 13,149 driven by Bookings growth of 164% during the same period 15,
Slide 12: Historical Financials
Historical Financials Proven Track Record – Consistently Outperforming the Industry PAT (Rp bil) Track Record ROA vs Industry ROE vs Industry 2017-2022 2017-2022 2017-2022 1,807 25.9% 26.4% 12.2% 1,468 10.3% 10.3% 9.6% 1,188 21.9% 1,131 16.2% 5.7% 13.9% 14.3% 14.4% 5.8% 12.3% 11.4% 11.2% 11.4% 712 7
Slide 13: Over 2,000 Active Agents & 237 Outlets
Distribution Network Multichannel Selling Strategy with Extensive Branch and Non-Branch Touchpoints Across the Archipelago Over 2,000 Active Agents & 237 Outlets* Sumatera 10% Kalimantan 25 outlets 17% 40 outlets Sulawesi and East 49 outlets 21% Java & Bali 52% 123 outlets * Consists of 203 branches
Slide 14: Comparison to Industry
Comparison to Industry Outperforms Industry in all Key Metrics Metric Industry Vs Industry Asset Growth 40.3% 12.7% Outperform Profit Growth 59.8% 33.2% Outperform NPL Ratio 1.0% 2.3% Outperform NPL Coverage 4.1x 2.5x Outperform Gearing Ratio 1.4x 2.1x Outperform RoAE 21.9% 14.4% Outperform RoAA 12.
Slide 15: Comparison to Industry
Comparison to Industry BFI Has Recovered Faster and Stronger (vs Dec-19, pre-Pandemic) Metric Industry Vs Industry Net Rec Growth 11% -8% Outperform Asset Growth 15% -6% Outperform Profit Growth 154% 12% Outperform BFI Finance berizin dan diawasi oleh Otoritas Jasa Keuangan #SelaluAdaJalan
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