Pt Bank Jago Tbk · IDX:ARTO
Pt Bank Jago Tbk — FY2023 Earnings Presentation
13 slides from Pt Bank Jago Tbk's earnings presentation, March 2024
Slide 1: FY 2023 Results Update
FY 2023 Results Update March 2024
Slide 2: Content
Content FY 2023 Results Update 2
Slide 3: FY23 performance highlights
FY23 performance highlights Maintain growth momentum in customers, funding & lending balances IDR 12.1tn 46% YoY Growth in 8.3tn Funding Balances 3.7tn 0.8tn FY ‘20 FY ‘21 FY ‘22 FY ‘23 13.0tn IDR 9.4tn 38% YoY Increase 5.4tn Lending Balances 0.9tn FY ‘20 FY ‘21 FY ‘22 FY ‘23 10.2+mn 10.2+ mn 6.9mn
Slide 4: Maintain quality and sustainable growth momentum
Maintain quality and sustainable growth momentum CASA ratio continues to be strong TD CASA Expansion in lending despite Syariah Rundown Syariah Conventional Customer Deposits, IDR tn 12.1 Loan Balances, IDR tn 10.1 10.3 13.0 9.3 10.8 11.2 10.9 8.3 9.4 97% 73% 65% 87% 92% 64% 71% 77% 83% 69% Dec ‘22
Slide 5: Key ratios maintained at a healthy level
Key ratios maintained at a healthy level Net Interest Margin Return on Assets 10.4% 11.0% 10.0% 9.0% 8.0% 0.5% 0.6% 0.4% 0.5% 0.1% 4Q ‘22 1Q ‘23 2Q ‘23 3Q ‘23 4Q ‘23 FY ‘22 1Q ‘23 2Q ‘23 3Q ‘23 FY ‘23 Cost of Funds (End of Period) Non-Performing Loans & Cost of Credit 5.3% 5.2% 4.7% 3.2% 3.6% 1.7% 2
Slide 6: Balance sheet
Balance sheet IDR billion Dec ‘22 Mar ‘23 Jun ‘23 Sep ‘23 Dec ‘23 YoY Cash & BI 729 820 1,105 1,026 1,188 Placement & Securities 5,546 4,929 5,058 5,569 5,254 Loans & Syariah Financing 9,428 10,843 11,182 10,871 13,020 38% • Partnership & Ecosystem Lending * 6,825 8,239 9,148 9,141 12,111 • Financia
Slide 7: Income statement
Income statement IDR billion FY ‘22 1Q ‘23 2Q ‘23 3Q ‘23 4Q ‘23 FY ‘23 YoY Net Interest Income 1,353 423 410 377 356 1,565 16% Fee Income 78 29 64 43 61 197 153% Operating Income 1,431 451 473 420 418 1,762 23% Operating Expense (1,026) (303) (315) (316) (341) (1,274) 24% BAU (1,026) (303) (310) (30
Slide 8: Ratios
Ratios % FY ‘22 1Q ‘23 2Q ‘23 3Q‘23 4Q ‘23 FY ‘23 NIM 10.4 11.0 10.0 9.0 8.0 9.5 • Loans 15.2 13.8 12.2 11.0 9.2 11.7 • Treasury Assets 4.0 5.1 5.3 5.6 5.4 5.3 Ratio of Loans to Earning Assets 57 67 67 65 71 67 Cost of Fund (end of period) 2.8 3.2 3.6 2.9 3.0 3.1 Cost to Income 72 67 67 75 82 72 LDR
Slide 9: Content
Content FY 2023 Results Update 9
Slide 10: We have kept up the momentum in our partnership with GoTo
We have kept up the momentum in our partnership with GoTo Both in terms of results… …and new initiatives launched GTF loan balances in Jago Syariah option and Simpanan (savings) 1.7tn feature added to GoPay Tabungan by Jago IDR 0.9tn 0.5tn GoTo payroll moved to Jago Jun ‘23 Sep ‘23 Dec ‘23 Asset fin
Slide 11: GoPay Tabungan continues to perform well
GoPay Tabungan continues to perform well Middle of March, 2024 >1.1 million 10 million users transactions monthly > IDR 1.3 trillion >80% monthly transaction volume funding rate 11
Slide 12: In January we added a Syariah option and a Simpanan (Savings) feature to GoPay Tabungan
In January we added a Syariah option and a Simpanan (Savings) feature to GoPay Tabungan Conventional Syariah Simpanan Other Main pocket Main pocket (Savings) pockets (Syariah) 12
Slide 13: Jago
J Jago