PT Bank Tabungan Negara (Persero) Tbk · IDX:BBTN
PT Bank Tabungan Negara (Persero) Tbk — Q1 2010 Earnings Presentation
40 slides from PT Bank Tabungan Negara (Persero) Tbk's earnings presentation, Mar 31, 2010
Slide 1: Financial Performance as of 31 March 2010
PT Bank Tabungan Negara (Persero) Tbk Tbk. Financial Performance as of 31 March 2010
Slide 2: Disclaimer
Disclaimer IMPORTANT: The following forms part of, and should be read in conjunction with, the other material in this presentation This presentation contains privileged information and has been prepared solely for the recipient(s). By accepting a copy (or the contents) of this presentation, you are
Slide 3: Table of Contents
Table of Contents Balance Sheet Highlights Income Statement Highlights Key Financial 2010 Initiatives Supporting Data 3
Slide 4: Share Ownerships Composition – as of 31 Mar 2010
Share Ownerships Composition – as of 31 Mar 2010 Public Share Ownerships Foreign Domestic Ownerships # of Shares % GOI 6.354.000.000 72.92% 44 35% 44,35% 59,70% 50,89% Public 2.360.057.000 27.08% - domestic 1.046.790.562 44.35% 49,11% 55,65% 40,30% - foreign 1.313.266.438 55.65% IPO Des09 Mar10 T t
Slide 5: Experienced Management Team – Appointed in Dec 07
Experienced Management Team – Appointed in Dec 07 Iqbal Latanro, Evi Firmansyah, President Director – CEO Vice President Director – COO • Managing Internal Audit and Corporate • Managing Information, Communication & S Secretary t Divisions Di i i and d Ch Change T h l Technology, L Logistic i ti & N
Slide 6: Experienced Board of Commissioners – Appointed May 08
Experienced Board of Commissioners – Appointed May 08 Zaki Baridwan, Mulabasa Hutabarat, President Commissioner Commissioner Independent Commissioner • Presently a Head of Pension Fund Bureau • Was a President Commissioner PT Bank Bapepam-LK of Ministry of Finance BNI Tbk, Dean Faculty of Economics
Slide 7: Financial Highlights
FINANCIAL HIGHLIGHTS FY 2009 Q1- 2010 ∆% Q1- 2009 Q1- 2010 ∆% Total Asset (idr million) 58.516.058 56.161.996 (4,02%) 46.303.829 56.161.996 21,29% Total Loan & Financing – 43.136.385 33.552.878 43.136.385 28,56% 40.732.954 5.90% Gross (idr million) Total Deposits (idr million) 40.214.954 37.852.338
Slide 8: Balance Sheet Highlights
FY 2009 Q1 2010 ∆% Q1 2009 Q1 2010 Y.O.Y in IDR Billion BALANCE SHEET HIGHLIGHTS Total Asset 58.516 56.162 (4,02%) 46.304 56.162 21,29% Total Earning Asset 53.771 52.426 (2,50%) 42.729 52.426 22,69% - SBI 5.185 1.698 (67,25%) 894 1.698 89,85% - Loans L & Fi Financing i 40 733 40.733 43 136 43.136 5
Slide 9: Total Asset Compositions
Total Asset Compositions Total Assets (IDR tr) Assets Compositions (%) 9.1% 9.3% 9.0% 8.1% 58.5 56.2 45.0 46.3 90.9% 90.7% 91.0% 91.9% 36.7 Des08 Des09 Mar09 Mar10 Des07 Des08 Des09 Mar09 Mar10 Earning Asset Non Earning Asset Earning Asset Compositions (%) As of 31 March 2010, total assets stood at
Slide 10: Total Loans Compositions
Total Loans Compositions 2008 March 2009 2009 March 2010 IDR Bio Comp IDR Bio Comp IDR Bio Comp IDR Bio Comp Total loans stood at IDR 43.1 Housing Loans 35,951 94.08% 32,003 95.38% 38,285 93.99% 40,045 92.83% trillion or US$ 4.7 billion at 31 Subsidized Mortgages 17 909 17,909 46 86% 15,734 46.86% 1
Slide 11: Strong Growth in Mortgages
Strong Growth in Mortgages Total Mortgages (IDR bn) We have total outstanding mortgages of IDR32.9 trillion or US$3.6 US$3 6 billion, billion which is 76.3% 76 3% of our 32,904 total loans & financing of IDR43.1 trillion. 31,570 25,391 26,664 Today, our mortgage portfolio comprises (i) government-su
Slide 12: New Loan Disbursement and Syariah Financing
New Loan Disbursement and Syariah Financing Rp. Miliar 2 300 2.300 2,205 2.100 1.854 1.900 1.632 1.700 1.357 1.394 1.438 1.403 1.500 1.558 1.233 1.300 1.069 1.297 1.100 1.259 1.254 1.131 900 773 700 500 Jan Feb Mar Apr Mei Jun Jul Agt Sep Okt Nov Des Monthly new loan disbursement and syariah finan
Slide 13: Strong Asset Quality with Low Non-Performing Loans
Strong Asset Quality with Low Non-Performing Loans Gross NPL Net NPL 4.0% 3.96% 4.00% 3.36% 3.28% 3.2% 3.4% 2.8% 2.8% 2.7% Des07 Des08 Des09 Mar09 Mar10 Des07 Des08 Des09 Mar09 Mar10 Des-2008 March 2009 Des-09 March-10 L Loan T Type M h March D Des M h March COLLECTIBILITY Outs. Share Outs. Share Ou
Slide 14: Total Non Performing Loan and Financing
Total Non Performing Loan and Financing 3,80% Gross NPL Net NPL 4 30% 4,30% 3 61% 3,61% 3 51% 3,51% 4,22% 3,60% 4,14% 3,43% 3,35% 4,10% 4,05% 4,06% 3,40% 3,37% 4,00% 3,93% 4,09% 4,01% 3,36% 3,48% 3,44% 4,03% , % 3,20% 3,38% 3,36% 3 96% 3,96% 3,90% 3,97% 3,28% 3,94% 3,91% 3,18% 3,25% 3,00% 3,70% 3,74
Slide 15: Provision on Earning Asset
Provision on Earning Asset 121 82% 121.82% 114.69% 113.72% 111.96% 111.34% 113.95% 109.90% 112.54% 106.26% 107.70% 106.21% 104.17% Jan Feb Mar Apr Mei Jun Jul Agt Sept Okt Nov Des 711,828 720,885 727,710 706,452 676,497 686,946 769,014 646,992 655,764 662,938 643,031 698,601 683,315 669,871 678,730
Slide 16: Provision on Earning Asset
Provision on Earning Asset 108.33% 108.86% 107.98% Jan Feb Mar Apr Mei Jun Jul Agt Sept Okt Nov Des 878,884 806 816 806,816 772,571 747,050 759,723 713,073 PPAP Wajib PPAP Neraca Lebih/(Kurang) 119,161 59 497 59,497 59 766 59,766 Jan Feb Mar Apr Mei Jun Jul Agt Sept Okt Nop Des 16
Slide 17: Total Liabilities Compositions
Total Liabilities Compositions Total Liabilities (IDR tr) g stood at IDR48,2 ► Total funding , trillion at 31 Mar 2010,, of which 78% comprised of third party deposits 53,1 50,7 ► Significant improvement in cost of funding since 21 41,9 43,2 August 2009, when the Central Bank proposed to 33,9 reduce
Slide 18: Interest Income and Cost of Funds
I t Interest t Income I and d Cost C t off Funds F d Interest Income 12,46% 12,40% 12,55% 12 59% 12,61% 12 55% 12,59% 12 61% 12,60% 12 60% 12,58% 12 58% 12,55% 12 55% 12,53% 12 53% 12,51% 12 51% 12,45% 12,47% 2 % 11,65% 11,45% 11,33% Cost of Fund 8,04% 7,87% 7,80% 7,70% 7,60% 7,50% 7,38% 7,25% , 7,1
Slide 19: Total Equity Compositions
Total Equity Compositions Total Equity (IDR tr) 2008 Q1-2009 2009 Q1-2010 Tier - 1 C Capital 29 9 2,959 3 181 3,181 5,260 260 5,448 8 5.4 5.5 Tier - 2 Capital 266 266 317 337 Capital on B/S 3,078 3,151 5,462 5,491 31 3.1 3.2 RWA - Credit Risk 19,620 20,647 25,358 26,978 2.8 RWA - Market Risk 362 16
Slide 20: Income Statement Highlights
Q1 2009 Q1 2010 ∆% Q4 2009 Q1 2010 YOY in IDR Billion INCOME STATEMENT HIGHLIGHTS Interest Income 1.354 1.509 11.45% 1.523 1.509 (0.92%) Interest Expense (895) (734) (17.98%) (783) (734) (6.27%) Net Interest Income 459 775 68.85% 740 775 4.73% Other Operating Income 52 119 128 32% 128.32% 72 119 65
Slide 21: Interest Income Composition
Interest Income Composition Items FY 2008 FY 2009 Δ% Q1 2009 Q1 2010 Δ % Q4 2009 Q1 2010 Δ % Loans 3,508 4,663 33% 1,040 1,295 25% 1,279 1,295 1% Recapitalization Bonds 693 627 ‐9% 198 121 ‐39% 127 121 ‐5% Securities 135 119 ‐12% 41 14 ‐66% 29 14 ‐51% IRS receivables ‐ 35 0% 17 1 ‐96% 3 1 ‐79% Place
Slide 22: Interest Expense Composition
Interest Expense Composition Items FY 2008 FY 2009 Δ % Q1 2009 Q1 2010 Δ % Q4 2009 Q1 2010 Δ % Third Party Deposits 1,862 2644 42.04% 733 503 ‐31.29% 557 503 ‐9.67% Securities issued 379 359 ‐5.39% 77 100 29.07% 99 100 0.46% Fund borrowings 122 112 ‐8.49% 30 25 ‐17.60% 26 25 ‐6.27% Securities under
Slide 23: Other Operating Income Composition
Other Operating Income Composition FY 2008 FY 2009 Δ% Q1 2009 Q1 2010 Δ % Q4 2009 Q1 2010 Δ % Ad Fees Adm F on dep d & loans l 176 209 18 49% 18.49% 45 57 27.86% 27 86% 60 57 ‐5.00% 5 00% Gains ‐ net 0 5 0.00% 0 53 0.00% (4) 53 ‐1516.04% Bank Services 25 30 17.74% 6 7 17.42% 10 7 ‐31.72% Collection
Slide 24: Other Operating Expense Composition
Other Operating Expense Composition Items FY 2008 FY 2009 Δ% Q1 2009 Q Q Q1 2010 Δ% Q4 2009 Q Q Q1 2010 Δ% Provision (reversal) 5 64 1187.47% 3 107 3539.23% 41 107 161.95% Salaries & Employee Benefits 773 937 21.25% 186 268 43.82% 290 268 ‐7.61% General & Adm. Exp 555 674 21.36% 143 210 46.22% 198 2
Slide 25: Key Financials
Key Financials Net Interest Margin 5 6% 5.6% ► Our NIM has generally maintained at above 5% 5%. 5.1% 5.1% 4.7% ► The lower NIM in 2009 was due to high funding cost 3.9% prevailing during the global crisis period ► We are driving improvements in operating efficiency to i improve cost-to-income tt i r
Slide 26: Key Financials (cont’d)
Key Financials (cont’d) ROA1– before tax ROA2 – after tax 1.3% 1.9% 1.9% 1.2% 1.8% 1.1% 1.5% 1.0% 0.9% 1.3% Des07 Des08 Des09 Mar09 Mar10 Des07 Des08 Des09 Mar09 Mar10 ROE3 – tier 1 capital ROE4 – balance sheet 21.4% 19.6% 16.5% 18.2% 17.6% 14.5% 14.1% 13.7% 13.5% 13.9% Des07 Des08 Des09 Mar09 Mar10
Slide 27: Key Financials (cont’d)
Key Financials (cont’d) Loan-to-Deposit Ratio ► Bank Indonesia’s formula which does not include other sources of fund besides third party deposits is the 114.0% reason for high LDR 101.8% 101.3% 102.0% 92.4% ► Our capital is very strong with CAR being consistently well above Bank Indonesia’s stipula
Slide 28: Sharia Business is a New Growth Area
Sharia Business is a New Growth Area ► BTN’s Sharia business was established in 2004 and offers a wide range of Sharia-compliant financing and d depositit products. d t T Total t l assett run by b Sharia Sh i Unit U it as off 31 March M h 2010 was IDR 22.47 47 T Trillion. illi ► Total non housing fi
Slide 29: 2010 Initiatives
2010 INITIATIVES BankO BTM
Slide 30: Initiatives done so far in the beginning of 2010
Initiatives done so far in the beginning of 2010 Æ as foundations to step forward in achieving the ultimate goal. ► Connected 60 Postal Offices on-line on line with Bank BTN (host to host on-line on line connection) Æ 9 Feb 2010 As of today, there are more than 2.100 postal offices connected on-line
Slide 31: Thank You
THANK YOU Bank @ BTN
Slide 32: Supporting Data
SUPPORTING DATA BankO BTM
Slide 33: Bank @ BTN
Bank @ BTN Line of Communication’ Information Priority Banking & ncassurances (PBBD) 33
Slide 34: BTN’s Distribution Network
BTN’s Distribution Network KALIMANTAN MALUKU 43 IRIAN JAYA 16 2 259 2 4 SULAWESI 2 18 1 113 27 441 27 SUMATERA JAWA 245 14 1.141 334 BTN Branches 8 97 21 BTN Sharia Branches 2.105 Post office outlets connected electronically with BTN, out of 3,572 nationwide Distribution channel includes: • 528 ATMs
Slide 35: Cooperation with Post Office
Cooperation with Post Office ► Our tie tie-up up with the Post Office is an important M i Post Main P t Office Offi ini Jakarta J k t part of our effort to expand our deposits base ► In December 2005, BTN signed a cooperation with the Indonesian Post Office to implement an online li system t operati
Slide 36: BTN launches 1st Mortgage Securitization in Indonesia
BTN launches 1st Mortgage Securitization in Indonesia ► Our leadership position in housing loans led us to launch the first mortgage-backed mortgage backed securities in Indonesia in February 2009 ► Together with a second issue of mortgage-backed securities in November 2009, we have raised a total o
Slide 37: Skema Subsidi KPR Baru – Liquidity Facilities
Skema Subsidi KPR Baru – Liquidity Facilities Subsidi yang diberikan Pemerintah melalui bantuan dana likuiditas kepada BTN dalam rangka realisasi KPR Bersubsidi (terdapat share dana Pemerintah dalam setiap KPR Bersubsidi) Still under d discussion Prosedur Liquidity Facilities (LF) : DANA APBN 2010 (
Slide 38: Pola suku bunga KPR Subsidi untuk debitur
Pola suku bunga KPR Subsidi untuk debitur LAMA Suku bunga berubah, sesui Permen (Terakhir Permenpera No. 07/PERMEN/M/2008 1 April 2008 REALISASI 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Harga Uang Penghasilan Nilai I II III IV V VI VII VIII IX X Jual Muka (ribu) Subsidi Kel. I 7,00 7,00 7,0
Slide 39: Rekening Dana Investasi
Rekening Dana Investasi Pinjaman dari Departemen Keuangan yang diberikan kepada Bank untuk subsidi pembiayaan KP RS/RSS KP-RS/RSS Jangka waktu pinjaman 15 tahun Pinjaman pertama diberikan kepada Bank tahun 1994 dan yang terakhir pada tahun 2001 RDI jatuh tempo secara bertahap dan berakhir di tahun 2
Slide 40: Kredit Likuiditas Bank Indonesia
Kredit Likuiditas Bank Indonesia Pinjaman dari Bank Indonesia yang diberikan kepada Bank untuk subsidi pembiayaan KP- RS/RSS Jangka waktu pinjaman minimal 15 tahun dan maksimal 20 tahun Pinjaman pertama diberikan kepada Bank tahun 1984 dan yang terakhir pada tahun 1999 KLBI jjatuh t h ttempo secara
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