Pt Bank Jago Tbk · IDX:ARTO
Pt Bank Jago Tbk — 9M 2021 Earnings Presentation
15 slides from Pt Bank Jago Tbk's earnings presentation, October 2021
Slide 1: 9M 2021 Results Update
9M 2021 Results Update October 2021
Slide 2: Content
Content 3Q 2021 Results Next Steps 2
Slide 3: Q3 2021 performance highlights
Q3 2021 performance highlights Strong performance underpinned by boost in customers, funding & lending balances 580k 5x 5x Growth in KYC-ed Customers 110k +50% IDR 2.5tn 50% Growth in IDR 1.7tn Funding Balances +68% IDR 3.7tn IDR 1.5tn Increase IDR 2.2tn Lending Balances +IDR 14bn +IDR 23bn First ti
Slide 4: Stronger balance sheet driven by loans expansion
Stronger balance sheet driven by loans expansion Strong growth in deposits TD CASA Expansion in loan balances SME New (ex-Artos) Customer Deposits, IDR tn Loan Balances, IDR tn 2.5 3.7 1.7 2.2 0.8 1.0 1.3 96% 0.9 93% 39% 86% 27% 26% 30% 80% Dec ‘20 Mar ‘21 Jun ‘21 Sep ‘21 Q4 2020 Q1 2021 Q2 2021 Q3
Slide 5: Profitability ratios are improving; asset quality remains strong
Profitability ratios are improving; asset quality remains strong Net Interest Margin (Loans only) Return on Assets 0.5% 16.3%* (0.4%) 9.5% 11.1% (3.3%) 5.5% (11.3%) FY 2020 Q1 2021 Q2 2021 Q3 2021 FY 2020 Q1 2021 Q2 2021 Q3 2021 * Normalized Q3 ’21 NIM (loans only) would be 13.9% at LDR of 90% Cost
Slide 6: Balance sheet
Balance sheet IDR billion FY ‘20 3M ‘21 6M ‘21 9M ‘21 YTD Cash & BI 138 7,099 72 96 Placement & SBI 769 472 7,303 6,433 736% Loans 908 1,292 2,171 3,727 311% Partnership & Ecosystem Lending 524 914 1,519 3,283 Financial Institutions 200 200 500 300 Legacy Ex-Artos 184 178 152 144 Allowance for
Slide 7: Income statement
Income statement IDR billion FY ‘20 1Q ‘21 2Q ‘21 3Q ‘21 9M ‘21 QoQ Net Interest Income 65 33 106 178 318 Fee Income* 25 13 7 9 30 Operating Income 90 47 113 187 347 66% Operating Expense (238) (78) (105) (153) (336) 45% Net Operating Income (148) (31) 8 35 11 349% Cost of Credit (38) (7) (13) (22)
Slide 8: Ratios
Ratios % FY ‘20 1Q ‘21 2Q ‘21 3Q ‘21 9M ‘21 NIM 4.7 7.7 4.5 7.3 6.1 Loans 5.5 9.5 11.1 16.3 13.6 Treasury Assets 4.4 3.9 3.4 3.4 3.5 Ratio of Loans to Earning Assets 29 67 18 33 29 Cost of Fund (end of period) 4.5 4.0 3.7 3.3 3.3 Cost to Income 357 229 98 82 102 LDR 111 133 125 146 146 NPL 0.0 0
Slide 9: Content
Content 3Q 2021 Results Next Steps 9
Slide 10: Significant upside powered by growth initiatives
Significant upside powered by growth initiatives Top digital bank Continue to develop & deliver a world- class digital banking experience by leading the industry with new & 2 innovative features The Best Digital Personal Finance App 2021 - CNBC Indonesia Most Outstanding Company in Indonesia - Bank
Slide 11: Diverse portfolio of growing partnerships
1 | Diverse portfolio of growing partnerships Wealth Ecosystem Digital Lifestyle Syariah Management 19 Services Partners Partners 3 Ecosystem Partners 3 Securities Companies Securities 13 Lending Institutions Companies Lending Institutions … and 5 other lending partners 11
Slide 12: Jago Digital App: Continued strengthening of our proposition
2 | Jago Digital App: Continued strengthening of our proposition Brand recognition & Launch of Highlights awareness improved ~22pp in Jago Syariah Purple Color inspired by the greatness last 5 months1 of Fajr Serves mass market segment based on Syariah Product: Wadiah Savings Syariah banking fea
Slide 13: Key features developed with partners
2 | Key features developed with partners Joint registration Seamless investment Fully integrated Money management process from / redemption Jago registration solutions into Jago pockets in Gojek app (Linking pockets in Gojek for different spend needs) Recurring investment Instant notification Seamle
Slide 14: Solidify & explore new growth engines
3 | Solidify & explore new growth engines Jago Business New Syariah Banking Propositions Build out Syariah proposition to Build out our proposition for Continue to explore new provide digital banking services M/SME business in Indonesia growth engines to capture which are becoming & provide the tool
Slide 15: Jago
Jj Jago