Pt Bfi Finance Indonesia Tbk · IDX:BFIN
Pt Bfi Finance Indonesia Tbk — H1 2023 Earnings Presentation
12 slides from Pt Bfi Finance Indonesia Tbk's earnings presentation, July 2023
Slide 1: Investor Presentation
INVESTOR PRESENTATION PT BFI FINANCE INDONESIA TBK JULY 2023
Slide 2: Key Financial Highlights
Key Financial Highlights • YTD 1H23 bookings was Rp10,300 bil – an increase of 20.8% YoY Growth • Total Managed Receivables increased by 33.3% YoY to Rp22,381 bil • NPF ratio of 1.94% in Jun-23, 89 bps higher QoQ and 87 bps YoY Asset Quality • NPF coverage down to 2.3x, from 3.8x QoQ, and 4.6x YoY •
Slide 3: Balance Sheet Highlights
Balance Sheet Highlights BFI Maintains YoY growth in spite of operational disruptions in 2Q23 In Rp bil * 1H23 1H22 YoY ∆ Comments 2Q23 1Q23 QoQ ∆ (unless otherwise stated) Driven by NDF 4W,HETO and DF New Bookings** 10,300 8,529 20.8% 3,983 6,317 37.0% Used Managed Receivables^ 22,381 16,796
Slide 4: Balance Sheet Highlights
Balance Sheet Highlights 2Q23 blip caused by unanticipated operational disruptions Quarterly Bookings (excl Pinjam Modal) Trend (2019-2023) 6,354 6,317 5,198 4,581 4,425 4,185 4,043 4,104 3,983 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
Slide 5: 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) 1H22 vs 1H23 1H22 vs 1H23 2% 2% 3% 1% 1% 2% 2% 2% 4% 10% 12% 3% 12% 13% 17% 15% 11% 11% 61% 59% 60% 57% 7% 8
Slide 6: Profit & Loss Highlights
Profit & Loss Highlights BFI Maintains YoY growth in spite of operational disruptions in 2Q23 In Rp bil * 1H23 1H22 YoY ∆ Comments 2Q23 1Q23 QoQ ∆ (unless otherwise stated) Interest Income 2,229 1,633 36.5% Due to higher receivables growth 1,128 1,101 2.6% Bond issuance to support Financing Cost
Slide 7: Key Ratios
Key Ratios Continues to Maintain Superior Ratios vs Industry Performance In Rp bil * 1H23 1H22 YoY ∆ Comments 2Q23 1Q23 QoQ ∆ (unless otherwise stated) Net Interest Spread 13.2% 13.5% 31 bps 12.7% 13.6% 91 bps Cost to Income 42.8% 45.9% 305 bps 43.7% 42.1% 155 bps CoC of Rp435 bn, driven lar
Slide 8: Superior Balance Sheet Quality
Superior Balance Sheet Quality Uptick in NPF due largely to operational disruptions in 2Q23 NPF Trend Write-Off Trend 2018-1H23 2018-1H23 4.5% 5.0% 4.0% 4.5% 4.1% 4.0% 3.5% 4.0% 3.5% 3.0% 3.0% 2.5% 2.4% 1.9% 2.5% 2.8% 2.4% 2.0% 1.7% 2.0% 1.8% 2.0% 2.3% 1.5% 1.2% 1.3% 1.0% 1.5% 0.9% 1.5% 1.5% 1.6% 1.
Slide 9: Strong Capital Base
Strong Capital Base Funding Sources are Well-Diversified, with High Equity Levels Resulting in Low Leverage Source of Funding External Funding 2018-1H23 Sources 1H23 JF 2% 6,204 6,080 9,104 6,606 8,756 7,429 684 726 352 103 Bonds & MTN Borrowings IDR 258 1,581 5,196 3,758 45 5,371 35% 53% 2,979 2,48
Slide 10: Historical Financials
Historical Financials Proven Track Record with Ability to Withstand Economic Cycles Bookings vs Receivables (Rp bil) 2018-1H23 • Maintains YoY growth 13,149 20,081 10,300 momentum in spite of 16,372 15,896 7,599 8,529 blip in bookings in 2Q23 18,343 18,509 13,947 14,571 20,498 16,796 22,381 2018 201
Slide 11: Historical Financials
Historical Financials Proven Track Record – Consistently Outperforming the Industry PAT (Rp bil) Track Record ROA vs Industry ROE vs Industry 2018-1H23 2018-1H23 2018-1H23 1,807 26.4% 12.2% 1,468 21.9% 10.3% 18.6% 8.7% 1,131 16.2% 9.6% 5.7% 13.9% 14.3% 14.4% 14.9% 848 5.8% 5.7% 11.4% 11.2% 11.4% 712
Slide 12: Over 6,000 Active Agents & 226 Outlets
Distribution Network Multichannel Selling Strategy with Extensive Branch and Non-Branch Touchpoints Across the Archipelago Over 6,000 Active Agents & 226 Outlets* Sumatera 11% Kalimantan 25 18% 40 outlets outlets Sulawesi and East 48 outlets 21% Java & Bali 50% 113 outlets * Consists of 195 branches
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