Pt Bfi Finance Indonesia Tbk · IDX:BFIN
Pt Bfi Finance Indonesia Tbk — FY2023 Earnings Presentation
12 slides from Pt Bfi Finance Indonesia Tbk's earnings presentation, Feb 26, 2024
Slide 1: Investor Presentation
INVESTOR PRESENTATION PT BFI FINANCE INDONESIA TBK 26 February 2024
Slide 2: Key Financial Highlights
Key Financial Highlights Sustainable and Resilient Recovery post Malware Attack • QoQ Bookings up by 11% to Rp4,626 billion, bringing FY23 bookings to Rp19,081 bil – a decrease Growth of 5% YoY • Total Managed Receivables increased by 7.4% YoY to Rp22,012 bil • NPF ratio of 1.36% in Dec-23, 65 bps l
Slide 3: Balance Sheet Highlights
Balance Sheet Highlights YoY growth in receivables, asset and equity In Rp bil * FY23 FY22 YoY ∆ Comments 4Q23 3Q23 QoQ ∆ (unless otherwise stated) Steady bookings growth in line New Bookings** 19,081 20,081 5.0% 4,626 4,155 11.3% with operational recovery Positive receivables growth Managed Rec
Slide 4: Balance Sheet Highlights: Quarterly Bookings Trend
Balance Sheet Highlights Internal Tightening Policy Resulting in Slower Pace of Quarterly Bookings Quarterly Bookings (excl Pinjam Modal) Trend (2020-2023) 6,354 6,317 5,198 4,425 4,626 4,043 4,104 3,983 4,155 3,895 3,137 3,196 2,921 2,166 1,333 57 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3
Slide 5: Product Breakdown
Product Breakdown Shift in Portfolio Composition to Higher Value Collateral due to Risk Mitigation Breakdown of Bookings (excl Pinjam Breakdown of Receivables (incl Pinjam Modal) FY22 vs FY23 Modal) FY22 vs FY23 2% 2% 2% 1% 2% 3% 3% 3% 4% 12% 4% 14% 13% 15% 17% 13% 12% 8% 57% 55% 58% 57% 8% 10% 6% 8
Slide 6: Profit & Loss Highlights
Profit & Loss Highlights Profitability Impacted by Higher Cost of Credit In Rp bil * FY23 FY22 YoY ∆ Comments 4Q23 3Q23 QoQ ∆ (unless otherwise stated) In line with Average Net Interest Income 4,377 3,541 23.6% 1,068 1,080 1.1% Receivables growth Bond issuance to support Financing Cost 951 624
Slide 7: Key Ratios
Key Ratios Asset Quality Gradually Showing Improvement since 2Q23 In Rp bil * FY23 FY22 YoY ∆ Comments 4Q23 3Q23 QoQ ∆ (unless otherwise stated) Portfolio yield compression due Net Interest Spread 12.6% 13.6% 100 bps 12.3% 12.0% 32 bps to portfolio shift for risk considerations Cost to Income 44
Slide 8: Superior Balance Sheet Quality
Superior Balance Sheet Quality Continuous Asset Quality Improvement due to Strict and Rigorous Collections Monitoring & Origination policy NPF Trend Write-Off Trend 2020-2023 2020-2023 4.5% 4.5% 4.1% 4.0% 4.0% 4.0% 3.9% 3.5% 3.5% 3.0% 3.0% 3.0% 2.5% 2.5% 2.8% 1.8% 2.0% 1.70% 2.0% 2.3% 1.36% 1.5% 1.2
Slide 9: Strong Capital Base
Strong Capital Base Funding Sources are Well-Diversified, with High Equity Levels Resulting in Low Leverage Source of External Funding Funding 2020- Sources 2023 2023 JF 3% 8,756 9,500 6,606 7,429 Borrowings IDR 47% 103 494 258 1,581 Bonds & MTN 45 4,721 34% 2,979 2,487 10,247 Borrowings USD 4,795 4
Slide 10: Historical Financials
Historical Financials Proven Track Record with Ability to Withstand Economic Cycles Bookings vs Receivables (Rp bil) 2020-2023 20,081 19,081 • Maintains YoY growth momentum in spite of 13,149 blip in bookings in 3Q23 7,599 13,947 14,571 20,498 22,012 2020 2021 2022 2023 Revenue (Rp bil) 2020-2023 •
Slide 11: Historical Financials
Historical Financials Proven Track Record – Consistently Outperforming the Industry PAT (Rp bil) Track Record ROA vs Industry ROE vs Industry 2020-2023 2020-2023 2020-2023 1,807 21.9% 12.2% 1,644 16.2% 17.7% 8.4% 1,131 14.4% 15.0% 9.6% 5.6% 11.2% 5.7% 11.4% 702 5.0% 4.5% 5.3% 2.0% 2020 2021 2022 202
Slide 12: Over 2,000 Productive Agents & 226 Outlets
Distribution Network Multichannel Selling Strategy with Extensive Branch and Non-Branch Touchpoints Across the Archipelago Over 2,000 Productive Agents & 226 Outlets* Sumatera 11% Kalimantan 18% 40 outlets 25 outlets Sulawesi and East 48 outlets 21% Java & Bali 50% 113 outlets * Consists of 195 bran
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