Pt Bfi Finance Indonesia Tbk · IDX:BFIN

Pt Bfi Finance Indonesia Tbk — Q1 2022 Earnings Presentation

14 slides from Pt Bfi Finance Indonesia Tbk's earnings presentation, April 2022

  1. Slide 1: 1Q:22 Results

    PT BFI Finance Indonesia Tbk 1Q:22 Results April 2022 Analyst Briefing

  2. Slide 2: 1Q:22 Key Highlights - Consolidated

    1Q:22 Key Highlights - Consolidated 1Q:22 records highest quarterly booking in history • YTD 1Q:22 booking was Rp4,752 bn, 10.9% QoQ increase, and 61.8% YoY – the highest quarterly booking GROWTH ever • Total managed receivables increase of 7.1% QoQ and 14.3% to Rp15,605 bn YoY, while net receivable

  3. Slide 3: 1Q:22 Key Highlights - Consolidated

    1Q:22 Key Highlights - Consolidated 1Q:22 records highest quarterly booking in history • The VTO proposal from TCC was approved by OJK on 11-Mar-22. The process was conducted from 15-Mar- 22 until 13-Apr-22, and settlement on 25-Apr-22 • A total of 852,876,278 shares participated (5.3% of total shar

  4. Slide 4: Update on Loan Restructuring

    Update on Loan Restructuring Loan Restructuring due to Covid-19 declined to 6.9% or Rp1.1 tn, with 33.3% allocated reserve Covid-19 Restructured vs Normal Loans Restructuring Options Provided Grace period| 1.3% 74.2% 64.5% 66.9% 73.5% 79.8% 85.2% 89.8% 2nd restucturing| 93.1% 18.0% Return to normal

  5. Slide 5: 1Q:22 Balance Sheet Highlights - Consolidated

    1Q:22 Balance Sheet Highlights - Consolidated Gradual recovery with booking and receivables YoY growth In Rp bil * (unless otherwise stated) 1Q22 1Q21 YoY  Comments 1Q22 4Q21 QoQ New Bookings 4,752 2,937  61.8% Highest ever quarterly bookings 4,752 4,285  10.9% Managed Receivables^ 15,605 13,647

  6. Slide 6: 1Q:22 Profit & Loss Highlights – Consolidated

    1Q:22 Profit & Loss Highlights – Consolidated Profitability growth driven by steep decline in CoC and lower financing cost In Rp bil * 1Q22 1Q21 YoY Comments 1Q22 4Q21 QoQ (unless otherwise stated) Interest Income 785 685  14.5% Due to higher receivables balance 785 762  3.0% Higher borrowings to

  7. Slide 7: Key Ratios

    Key Ratios* Positive QoQ and YoY trends on key financial ratios 1Q22 1Q21 YoY Comments 1Q22 4Q21 QoQ Net Interest Spread 13.20% 11.12%  208 bps Improvement in both yield and CoF 13.20% 13.53%  33 bps Cost to Income 45.38% 49.45%  407 bps 45.38% 51.79%  641 bps CoC decreased by 60.8% YoY CoC /

  8. Slide 8: Ability to build a robust balance sheet

    Ability to build a robust balance sheet 1Q22 performance builds optimism in the new normal CAGR B: -1.2% Bookings vs Receivables Growth (2017-1Q22) 20,000 R: -2.2% 16,372 15,896 Receivables 14,341 13,672 14% 15,000 • Consistently outpacing industry 15,605 13,647 growth even through the pandemic Rpbi

  9. Slide 9: Stable profitability over the years

    Stable profitability over the years Still one of the most profitable multi-finance companies, with ROA and ROE above the industry 1,600 PAT Growth 14.0% ROA vs Industry ROE vs Industry CAGR ‘17-’21 30.0% 1,400 1,468 -1.2% 12.0% 12.4% 25.0% 1,200 10.0% 25.9% 26.4% 1,188 10.3% 10.3% 1,131 9.6% 20.0% 1

  10. Slide 10: Rigorous risk and balance sheet quality management

    Rigorous risk and balance sheet quality management NPF and write-off continues to improve, with excess provisioning NPF Trend (2017-1Q22) 4.5% Write-Offs (2017-1Q22) 4.1% 4.0% 4.5% 4.0% 4.0% 3.5% 3.5% 3.0% 2.4% 3.0% 2.5% 2.8% 2.4% 2.5% 2.0% 2.0% 2.0% 1.7% 1.6% 2.3% 1.3% 1.5% 1.5% 1.2% 1.1% 1.0% 1.5%

  11. Slide 11: Asset Composition

    Asset Composition Non-Dealer business continues to be focus and growth engine Booking Composition Managed Receivables Composition (1Q21 vs 1Q22) (1Q21 vs 1Q22) 100% 1% 1% 100% 1% 1% 3% 10% 14% 14% 90% 90% 13% 1% 1% 3% 3% 80% 14% 9% 80% 9% 10% 70% 70% 15% 60% 60% 50% 50% 63% 40% 61% 40% 68% 53% 30% 3

  12. Slide 12: Strong capital base

    Strong capital base Diversified funding sources, and strong level of equity Source of Funding (2017-1Q22) External Funding Sources 100% 90% 4,904 6,204 6,080 JF 80% 0 6,606 7,429 7,824 5% % 70% 524 Bonds & 684 726 MTN 26% 60% 3,909 3,758 258 Borrowings 50% 5,196 45 24 46% IDR 40% 2,979 2,487 1,989 4

  13. Slide 13: Business Distribution and Branch Network as at 31 March 2022

    Business Distribution and Branch Network as at 31 March 2022 Network Optimization Strategy in line with business growth and focus Outlets Managed Receivables Bookings Kalimantan (28) Kalimantan Sulawesi/East Kalimantan Sulawesi/East 11% Sulawesi/East 13% 12% Indonesia Indonesia (49) Indonesia 12% 20

  14. Slide 14: Thank You

    Thank You BFI.CO.ID PT BFI Finance Indonesia Tbk terdaftar dan diawasi olen OJK

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