Pt Bank Pembangunan Daerah Jawa Barat & Banten Tbk · IDX:BJBR
Pt Bank Pembangunan Daerah Jawa Barat & Banten Tbk — PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (bank bjb) — FY2019 Earnings Presentation
43 slides from Pt Bank Pembangunan Daerah Jawa Barat & Banten Tbk's earnings presentation, 2019
Slide 1: Tandamata Untuk Negeri – FY 2019 Company Report
bank bjb “Tandamata Untuk Negeri” FY 2019 Company Report
Slide 2: Macroeconomic
Macroeconomic 7 Days Reverse Repo (7DRR) Rate 5,00% Stable Indonesia Consumer Confident Index GDP Growth BI Rate 7DRR Customer Confidence Index 8 140 7 130 Index (pts) 6 120 (%) 5 110 100 4 90 3 80 Source: Bloomberg Source: Bloomberg Inflation 2,72% YoY IDR Apreciated Againts USD 1mth JIBOR Inflatio
Slide 3: Banking Sector
Banking Sector As of Nov 2019, banking sector data shows: 18,00 Loans Growth Deposit Growth 16,00 • Loans +6,97% YoY to Rp5.582 tr (Investment Loans 14,00 +13,71% YoY, Working Capital +4,16% YoY, Consumer YoY Growth (%) 12,00 10,00 Loans +6,07% YoY) • Deposit +6,72% YoY to Rp5.947 tr (CASA +7,03% Yo
Slide 4: FY 2019 Performance – Consolidated
FY 2019 Performance Consolidated 3
Slide 5: Result Summary
Result Summary • Net Interest Income at Rp 6.1 tr (-6.4% YoY) Income • PPOP at Rp 2.4 tr (-7.3% YoY) Statement • LLP at Rp 322 bn (-37.6% YoY) • Net Income at Rp 1.6 tr (+0.8% YoY) • Total Loans at Rp 81.9 tr (+8.7% YoY) Balance • Total Financing at Rp 5.4 tr (+16.4% YoY) Sheet • Total Deposits at R
Slide 6: Income Statement
Income Statement Income Statement Positioning YoY Growth YoY (Rp bn) FY18 FY19 (%) 1Q19 2Q19 3Q19 4Q19 Interest Income 11,914 12,091 1.5% 177 2,953 2,968 3,017 3,153 Interest Expense 5,415 6,009 11.0% 594 1,459 1,493 1,528 1,529 Net Interest Income 6,499 6,083 -6.4% (417) 1,494 1,475 1,489 1,623 Fee
Slide 7: Balance Sheet
Balance Sheet Balance Sheet YoY FY18 1Q19 2Q19 3Q19 FY19 (Rp bn) (%) Cash 2,929 1,754 2,325 1,997 3,161 7.9% Current Account with BI 9,981 4,675 5,388 5,744 6,512 -34.8% Secondary Reserves 22,568 25,824 25,175 24,011 21,013 -6.9% Loans - net 74,703 75,113 76,848 80,451 81,182 8.7% Financing - net 4,
Slide 8: Key Ratios (bank only)
Key Ratios (bank only) Key Ratios FY18 1Q19 2Q19 3Q19 FY19 Profitability ROA (net) 1.4 1.5 1.4 1.3 1.3 ROE (net) 13.1 12.4 12.2 11.6 12.0 Cost Ratios Cost to Income Ratio 66.3 66.3 67.5 67.5 68.4 Expenses Ratio 84.2 82.2 83.0 84.1 84.2 Yield Asset Yield 11.3 11.2 11.0 11.0 11.0 Cost of Fund 5.0 5.5
Slide 9: FY 2019 Performance – Bank Only Details
FY 2019 Performance Bank Only Details 8
Slide 10: Target vs. Realization
Target vs. Realization (%) Target FY18 1Q19 2Q19 3Q19 FY19 Loans Growth 10% - 11% 6.1 6.2 8.2 9.8 8.7 Deposit Growth 9% - 10% 0.7 -2.5 7.4 10.0 2.1 ROA (net) 1.5% - 2.0% 1.4 1.5 1.4 1.3 1.3 ROE (net) 15% - 20% 13.1 12.4 12.2 11.6 12.0 NIM 6.0% - 6.5% 6.4 5.9 5.7 5.7 5.7 Cost of Fund 5.0% - 5.5% 5.0
Slide 11: Loans Breakdown
Loans Breakdown Consumer Micro Commercial Mortgage Segment YoY FY18 FY19 90 (Rp bn) (%) 80 6,2 6,2 Consumer 51,480 56,309 9.4% 6,1 5,7 5,8 5,9 70 5,6 Micro 5,456 5,757 5.5% 5,3 5,5 14,0 13,2 11,8 12,2 11,0 60 14,1 12,4 13,6 12,6 5,8 5,8 5,8 Commercial 12,245 13,224 8.0% 5,5 5,5 5,2 5,3 50 4,7 5,0 Mo
Slide 12: Consumer Loans
Consumer Loans Civil Servant Loans (LHS) Pensioner Loans (LHS) YoY Key Indicators FY18 FY19 (%) NPL (RHS) 60 1,0 Loans 51,480 56,309 9.4% Outstanding 0,9 50 Net Expansion 15,3 15,7 0,8 4,399 4,830 9.8% (Rp bn) 13,8 14,8 12,9 10,9 11,3 10,1 10,6 0,7 40 Avg. Loans Outstanding 118 124 4.8% 0,6 (Rp mn)
Slide 13: Micro Loans
Micro Loans KMU (LHS) Govt Program (LHS) YoY Others (LHS) NPL (RHS) Key Indicators FY18 FY19 (%) 7,0 6,0 Loans 5,456 5,757 5.5% Outstanding 6,0 5,0 Net Expansion 737 300 -59.3% (Rp bn) 5,0 Avg. Loans 4,0 Outstanding 182 167 -8.5% 3,2 3,1 3,0 (Rp mn) 4,0 3,1 3,1 3,0 3,1 No of Account 29,920 34,511 15
Slide 14: Commercial Loans
Commercial Loans Working Capital (LHS) Investment (LHS) YoY Key Indicators FY18 FY19 Syndicated (LHS) NPL (RHS) (%) 16,0 15,0 Loans 12,245 13,224 8.0% 14,0 Outstanding 14,0 13,0 1,6 1,2 12,0 Net Expansion 1,8 1,1 (1,316) 979 174.4% 12,0 1,0 (Rp bn) 1,9 1,3 1,0 11,0 1,9 1,5 1,6 1,4 10,0 10,0 1,5 1,2
Slide 15: Mortgage Loans
Mortgage Loans Mortgage Loans (LHS) NPL (RHS) YoY Key Indicators FY18 FY19 6,40 15,0 (%) 6,2 14,0 Loans 5,811 6,224 7.1% 6,20 6,2 Outstanding 13,0 6,1 12,0 Net Expansion 6,00 5,9 470 413 -12.0% 11,0 (Rp bn) 5,8 10,0 5,80 5,7 Avg. Loans 9,0 5,6 Outstanding 229 229 - 8,0 (Rp mn) (Rp tr) 5,60 (%) 5,5 7
Slide 16: Deposit Breakdown
Deposit Breakdown Current Account Savings Account Time Deposit Deposits YoY Breakdown FY18 FY19 100 (%) (Rp bn) 90 Current Account 17,952 20,608 14.8% 80 Saving Account 20,481 20,735 1.2% 70 44,9 43,4 46,7 40,5 43,4 Time Deposit 43,176 41,997 -2.7% 40,5 42,0 60 43,6 43,2 TOTAL 81,609 83,340 2.1% (Rp
Slide 17: Special Mention Loans
Special Mention Loans Consumer (LHS) Micro (LHS) Commercial (LHS) Consumer Micro Commercial Mortgage Mortgage (LHS) % to Loans (RHS) 100% 3.000 4,0 90% 3,5 34 31 35 80% 37 34 37 2.500 38 37 40 876 3,0 Absolute Special Mention Loans (Rp bn) 70% Special Mention Contribution (%) Special Mention/Total L
Slide 18: Non Performing Loans
Non Performing Loans Consumer Micro Commercial Mortgage Consumer (LHS) Micro (LHS) Commercial (LHS) Mortgage (LHS) % to Loans (RHS) 100% 1.600 1,8 90% 21 25 25 25 23 24 20 25 23 1.400 1,8 80% 324 1,7 1.200 327 70% Absolute Non Performing Loans (Rp bn) Non Performing Loan/Total Loans (%) 260 257 312
Slide 19: Yield Analysis
Yield Analysis Others Placement 1,7% to BI Asset Yield 6,3% FY18 FY19 (%) Interbank Placement Placement to Bank 2.4 1.8 1,6% Indonesia Marketable Interbank Placement 3.9 4.1 Securities 11,2% Securities 6.5 7.4 Loans 79,3% Loans Yield 13.7 12.7 Interbank Cost of Fund Lending FY18 FY19 Bonds (%) 9,7%
Slide 20: Capital Adequacy
Capital Adequacy •Total Capital Rp 11.4 tr (+Rp 352 bn YoY) Risk Weighted YoY FY18 FY19 Asset (RWA) (%) • Total CAR at 17.7% (-92 bps YoY) Total RWA 59,243 64,308 8.5% Addition to Net Impact Credit Risk 46,234 51,173 10.7% Risk RWA/ CAR Analysis to CAR Weighting Rp1tr Net (%) Operational Risk 11,744
Slide 21: Consumer Loan Details
Consumer Loan Details 20
Slide 22: Civil Servant Loans
Civil Servant Loans Civil Servant Loans (LHS) NPL (RHS) YoY Key Indicators FY18 FY19 45 0,5 (%) 40,2 40,6 39,4 Loans Outstanding 38,533 40,608 5.4% 40 38,5 39,1 37,8 37,8 37,0 37,3 0,4 Net Expansion 35 1,537 2,075 35.0% (Rp bn) 30 Avg. Loans 0,3 Outstanding 112 115 3.5% 25 (Rp mn) (Rp tr) (%) No of
Slide 23: Pensioner Loans
Pensioner Loans Pensioner Loans (LHS) NPL (RHS) YoY Key Indicators FY18 FY19 (%) 18 0,3 15,7 Loans Outstanding 12,947 15,702 21.3% 16 15,3 14,8 13,8 14 Net Expansion 12,9 2,862 2,755 -3.7% (Rp bn) 12 11,3 0,2 10,9 Avg. Loans 10,6 10,1 Outstanding 145 154 6.4% 10 (Rp mn) (Rp tr) (%) 8 No of Account 8
Slide 24: Sharia Business Performance
Sharia Business Performance FY 2019 bank bjb Sharia 23
Slide 25: Result Summary
Result Summary • Net Financing Income at Rp 360 bn (-0.4% YoY) Income • PPOP at Rp 30 bn (+76.3% YoY) Statement • Net Income at Rp 15 bn (-8.9% YoY) • Total Financing at Rp 5.4 tr (+16.4% YoY) Balance • Total Deposits at Rp 5.7 tr (+ 11.7% YoY) Sheet • Total Asset at Rp 7.7 tr (+14.6% YoY) • NIM at
Slide 26: Income Statement
Income Statement Income Statement YoY FY18 FY19 (Rp mn) (%) Financing Income 665,148 678,365 2.0% Financing Expense 304,063 318,577 4.8% Net Financing Income 361,085 359,788 -0.4% Other Operating Income 18,616 22,000 18.2% Operating Expense 362,612 351,660 -3.0% PPOP 17,089 30,127 76.3% Loan Loss Pr
Slide 27: Balance Sheet
Balance Sheet BS highlight YoY FY18 FY19 (Rp Mn) (%) Cash 48,673 76,787 57.8% Current Account with Bank Indonesia 273,891 300,477 9.7% Secondary Reserves 1,272,894 1,465,698 15.1% Financing-net 4,504,285 5,271,014 17.0% Fixed Asset-net 241,980 301,515 24.6% Other Asset 399,724 307,711 -23.0% Total A
Slide 28: Key Ratios
Key Ratios Sharia FY18 FY19 YoY (%) CAR 16.4 15.0 -1.4 NPF Gross 4.6 3.5 -1.1 NPF Nett 2.0 1.5 -0.5 ROA 0.5 0.6 +0.1 ROE 2.6 2.3 -0.3 BOPO 94.7 93.9 -0.8 FDR 89.9 93.5 +3.6 NIM 5.4 5.8 +0.4 27
Slide 29: Sharia Performance
Sharia Performance Financing YoY FY18 FY19 (Rp mn) (%) Murabahah 3,312,571 3,601,625 8.7% Qardh 66,987 78,513 17.2% Financing 1,258,276 1,719,093 36.6% Istishna 4,104 2,828 -31.1% Total Gross Financing 4,641,938 5,402,059 16.4% Funding YoY FY18 FY19 (Rp mn) (%) Wadiah Current Account 189,554 162,428
Slide 30: Company Profile
Company Profile bank bjb 29
Slide 31: Board of Commissioners
Board of Commissioners From Left to Right Eddy I. M. Nasution Commissioner Last Position Assistant for Economy and Development of West Java Provincial Government (2017-2019) Yayat Sutaryat Independent Commissioner Last Position Independent Commissioner of bank bjb (2015-2019) Farid Rahman Independen
Slide 32: Board of Directors
Board of Directors From Left to Right Tedi Setiawan Director of Operations Last Position SEVP Credit Risk of bank bjb (2018-2019) Nia Kania Director of Finance & Risk Management Last Position Director of Finance bank bjb (2014-2018) Rio Lanasier Director of IT, Treasury & International Banking Last
Slide 33: Branch Network Details
Branch Network Details No bjb Network FY18 FY19 YoY 1 Branch 65 65 - 2 Sub Branch 313 316 +3 3 Cash Offices 345 351 +6 4 Payment Point 169 171 +2 5 ATM 1,461 1,734 +273 6 Layanan bjb Precious 11 18 +7 7 MSME Center 6 6 - 8 Mobile Cash 11 36 +25 9 Weekend Banking 11 12 +1 10 Forex Branches 47 56 +9 T
Slide 34: Human Capital
Human Capital Educational Breakdown Level FY18 FY19 YoY Master of Doctorar Board of Commissioners 2 5 3 e 8,1% Directors 4 6 2 Top Management 34 32 -2 Up to Middle Management 853 819 -34 Bachelor Degree First Line Management 1,356 1,419 63 91,9% Staff 5,411 5,431 20 Age Breakdown Employee in Pension
Slide 35: Distribution Network
Distribution Network Total bjb Others employees Deposits 2.9 Tr 7,726 Loans 8.3 Tr Total bjb customers Micro Loans 1.7 Tr Profit 283 bn 4,720,861 78,231 Customers 13 Branch Offices 15 Sub Branch Offices 5 Cash Offices 2 Payment Point 145 ATM Unit 545 Employees Jakarta Deposits 24.9 Tr Loans 10.8 Tr
Slide 36: Ownership
Ownership Ownership Structure 4Q18 4Q19 Founder (A Series) 75.36 75.36 West Java Provincial Government West Java Municipal Governments West Java Provincial Government 38.18 38.18 Banten Provincial Government Banten Municipal Governments West Java Municipal Governments 24.03 24.03 Public (B Series) B
Slide 37: 2019 Awards
2019 Awards Top Brand - Tanda Mata Warta Ekonomi – Economic Review – Infobank – 2nd Majalah Service My First (Bank bjb) Indonesia Innovation Indonesia Corporate Satisfaction Loyalty Excellence & Carre SQM - Top Brand Award 2019 Award 2019 Secretary Communication Engagement Award 2019 Contact Center
Slide 38: 2019 Awards
2019 Awards Direktorat Jenderal Pajak Economic Review - The Itech - TOP IT & TELCO Infobank - Ranking III Economic Review - The KPP Madya Bandung - Big – 3 Award 2019 Debit Card Best Human Capital Taxpayers with significant The Best Indonesia Sales Top Digital Transformation in Category : Convention
Slide 39: 2019 Awards
2019 Awards Top BUMD 2019 Brand Finance SWA WIR - The 1st Champion of Bandung Marketing Top GRC 2019 #4 Stars Best All Criteria Top 100 Indonesia Most Indonesia Original Brand Champion 2019 PT Bank bjb Tbk Top Business Valuable Brand 2019 Category : Commercial Banking 2019 Bank bjb Is the Rank no.38
Slide 40: 2019 Awards
2019 Awards Anugerah Humas Best Acquirer Bank Best IT & Data Technology Top 50 The Indonesian Living Indonesia 2019 Infobank Governance Award Big Capitalization Legend Companies Category : The Most Popular in Category SWA Tier 3 – Regional Bank Yuddy Renaldi Public Listed Company Online Media 2019 I
Slide 41: 2019 Awards
2019 Awards The Best Financial The Bank with Most Brand Image BJB Etax PBB “Gold Rank” Performance Bank Improvement Category : Millennial’s Admirable Otoritas Jasa Keuangan (OJK) Asia Sustainibility Reporting Brand in BUKU 3 Category : Non Griya Media Rating 2019 Regional Development Bank CNBC Indon
Slide 42: Share Price Performance and Investor Relations Contact
Share Price Performance Volume Price Investor Relations Group 4.000 300 Menara bank bjb 7th Floor Jl. Naripan 12 – 14 Bandung 40111 3.500 +6222 4234868 250 ext 7140/7141 ir@bankbjb.co.id 3.000 200 2.500 Contact Person: Million Shares Devi Fajar Nugraha Rp/Share 2.000 150 IR Head dinugraha@bankbjb.co
Slide 43: Disclaimer
Disclaimer : This report has been prepared by PT Bank Pembangunan Daerah Jawa Barat & Banten, Tbk. (bank bjb) independently and is circulated for the purpose of general information only. It is not intended to the specific person who may receive this report. The information in this report has been ob