Pt Bank Central Asia Tbk · IDX:BBCA
Pt Bank Central Asia Tbk — H1 2024 Earnings Presentation
43 slides from Pt Bank Central Asia Tbk's earnings presentation, Jul 24, 2024
Slide 1: 1H24 Results
PT Bank Central Asia Tbk 1H24 Results 24 July 2024
Slide 2: Agenda
Agenda • Economic Highlights • Banking Industry Updates • 1H24 Performance Overview • Sustainable Finance and ESG • Corporate Updates • Share Data, Ratings & Awards Analyst Meeting 1H24 PT Bank Central Asia Tbk 2
Slide 3: Economic Highlights
Economic Highlights 1H24 Performance Sustainable Finance Share Data, Ratings Analyst Meeting 1H24 Economic Highlights Banking Industry Updates Corporate Updates PT Bank Central Asia Tbk 3 Overview & ESG & Awards
Slide 4: Economic highlights (1/2)
Economic highlights (1/2) 1 Real GDP, consumption, and investment growth 2 BCA transaction data, nominal GDP & retail sales • Strong growth in Q1-24, thanks to household consumption, despite • Business revenue is slowing down alongside demand post-Elections, slowdown in fixed-asset investment but so
Slide 5: Economic highlights (2/2)
Economic highlights (2/2) 5 Headline & core inflation 6 Real rate differentials • Indonesian inflation has remained under control due to declining food • Real rate differentials between Indonesia and the US has slightly prices and stable energy prices widened, as Indonesia’s disinflation is faster t
Slide 6: Banking Industry Updates
Banking Industry Updates Banking Industry Updates 1H24 Performance Sustainable Finance Share Data, Ratings Analyst Meeting 1H24 Economic Highlights Corporate Updates PT Bank Central Asia Tbk 6 Overview & ESG & Awards
Slide 7: Banking industry (1/2)
Banking industry (1/2) 1 Loan, GDP Growth (YoY) and GDP Multiplier 2 Working Capital Loan Growth (YoY) • Resilient loan growth post election • BCA’s working capital loans outgrew industry in the past 12M BCA 15.4% 11.7% 13.3% 11.9% 10.0% 9.9% 10.3% 11.4% YoY Loan 6.4% 6.7% Growth -1.4% 10.2% 10.7% 1
Slide 8: Banking industry (2/2)
Banking industry (2/2) 5 Industry CASA Growth (YoY) 6 Industry CA Growth (YoY) • M2 and CASA growth started to rebound in 1H24. • BCA’s low-cost CA grew in the mid of high-rate environment 19.1% 27.0% 21.0% 23.7% 18.1% 21.1% 13.6% 13.7% 10.6% 24.3% Industry * Industry * 14.7% 14.0% 9.5% 16.9% 13.4%
Slide 9: 1H24 Performance Overview
1H24 Performance Overview Banking Industry Updates 1H24 Performance Sustainable Finance Share Data, Ratings Analyst Meeting 1H24 Economic Highlights Corporate Ratings PT Bank Central Asia Tbk 9 Overview & ESG & Awards
Slide 10: Loans grew 15.5% YoY or 4.9% YtD
Loans grew 15.5% YoY or 4.9% YtD Consolidated (Rp tn) Jun-23 Dec-23 Mar-24 Jun-24 YoY YtD QoQ Total Assets 1,357 1,408 1,444 1,425 5.1% 1.2% -1.3% Secondary Reserves & 459 441 451 447 -2.5% 1.4% -0.9% Marketable Securities Loans 736 810 836 850 15.5% 4.9% 1.7% Third Party Funds 1,071 1,102 1,121 1,1
Slide 11: NPAT rose 11.1% YoY with solid operating performance
NPAT rose 11.1% YoY with solid operating performance Consolidated (Rp tn) 1H-23 1H-24 YoY 1Q-24 2Q-24 QoQ Operating Income 48.1 52.4 8.9% 26.1 26.3 0.8% Net Interest Income 37.0 39.9 7.9% 19.8 20.2 1.9% Non Interest Income 11.1 12.4 12.1% 6.3 6.1 -2.5% Fees and Commissions 8.4 9.1 8.0% 4.5 4.6 3.2%
Slide 12: Key Ratios
Key Ratios Bank Only 1H-23 1H-24 ∆YoY 1Q-24 2Q-24 ∆QoQ NIM 5.6% 5.7% 0.1% 5.6% 5.8% 0.2% COC 0.5% 0.3% -0.2% 0.4% 0.2% -0.2% Risk Adjusted NIM 5.1% 5.4% 0.3% 5.2% 5.6% 0.4% Cost to Income 32.5% 30.7% -1.8% 32.4% 29.1% -3.3% ROA 3.7% 3.8% 0.1% 3.6% 4.1% 0.5% ROE 24.2% 24.8% 0.6% 22.7% 26.9% 4.2% CAR
Slide 13: Strong growth across segments
Strong growth across segments 1 Loan Net Growth (Rp tn) - Consolidated 2 Loan Breakdown - Consolidated 15.5% % YoY 13.8% Segment (Rp tn) Dec-23 Jun-24 YoY YtD QoQ 9.0% Growth 5.3% -0.3% +88% 113.8 Annual Corporate 368.7 388.6 19.9% 5.4% -0.1% 81.8 Incremental 60.6 (Rp tn) Commercial 126.8 127.
Slide 14: Corporate loans: sound demand in investment loans
Corporate loans: sound demand in investment loans 1 Working Capital Loan Facilities and Utilization Rate 2 Investment Loan Facilities and Utilization Rate • Stable utilization rate at 55% • Stronger demand in investment loans, higher utilization rate YoY 55% 54% 54% 55% 55% Utilization Utilization R
Slide 15: SME loans outperformed industry
SME loans outperformed industry 1 BCA vs Industry SME Loan Growth (YoY) 2 BCA SME Loan Facilities and Utilization Rate • BCA SME outperformed industry • Maintaining utilization rate at 63% 63% 63% 63% Utilization Rate (%) 16.8% 16.0% 62% 62% 15.8% 13.3% 12.7% BCA 182 Loan Facility 169 172 176 165 (R
Slide 16: Mortgages: higher new booking in 2Q
Mortgages: higher new booking in 2Q 1 BCA vs Industry Mortgages Growth (YoY) 2 BCA Mortgages New Booking and Runoffs (Rp tn) • BCA mortgages registered a steady growth • 72% of new booking was driven by hybrid exhibition 13.6% Industry Ex. 12.6% 12.3% 12.0 12.0% Subsidized 11.4 11.2 10.4 10.2% 11.7%
Slide 17: Auto loans grew ahead of industry
Auto loans grew ahead of industry 1 BCA vs Industry Auto Loan Growth (YoY) 2 BCA Auto Loan New Booking and Runoffs (Rp tn) • BCA auto loans consistently outgrew industry • 45% of new booking came from hybrid expo 22.5% 22.2% 20.7% 20.8% 12.0 11.6 11.9 11.2 18.4% BCA 10.1 9.3 9.5 17.2% 8.6 8.8 8.0 15
Slide 18: Consolidated LAR improved to 6.3%
Consolidated LAR improved to 6.3% 1 Loan at Risk (LAR) - Consolidated 2 Special Mention (Consolidated, Rp tn) 2.8% 2.6% SML Ratio 2.4% 2.5% Rp tn Jun-23 Dec-23 Jun-24 ∆YoY ∆YtD ∆QoQ 2.2% Loan at Risk: 20.6 18.6 17.8 20.6 21.8 O/S Special Mention Current Restruct. 29.6 21.2 13.6 -54.2% -35.9% -20.6%
Slide 19: Transaction volume reached 17 bn, rose 21% YoY
Transaction volume reached 17 bn, rose 21% YoY C2C B2C B2B No of Customers 1 Two powerful mobile 31.9 million banking apps 2 EDC Terminal, Point-of-Sales (+6% YoY or ~2x in 5 yr) (POS) & Merchant Apps 3 Internet Business Banking “Banking as a Service” Robust transaction volume in 1H24 4 E-money & 5
Slide 20: Two powerful mobile apps for customer choice
Two powerful mobile apps for customer choice Mobile & Internet Banking Mobile & Internet Banking Trx Vol (bn) Trx Value (Rp tn) BCAmobile myBCA Since 2011 Since 2021 +2.7x +1.8x +24% YoY +12% YoY 25.6 22,909 24,825 20.1 14.8 19,167 13,265 14.4 12.0 11,811 2021 2022 2023 1H23 1H24 2021 2022 2023 1H23
Slide 21: Mobile apps feature enrichments for better experience
Mobile apps feature enrichments for better experience myBCA Popular Features Multicurrency Account Worldwide Access Integrated Account Management Paylater BCA • View all account balances & QRIS Payment Single account Register or login Forex Pocket investment portfolio with choice of with 8 major to
Slide 22: Offering business solutions for B2C and B2B
Offering business solutions for B2C and B2B Business banking platform for various scales and needs Extensive network of POS equipped with merchant apps • Business Dashboard • Transfer merchantBCA • Payment app One of the • E-Statement • Portfolio & Balance • Payroll largest POS • Electronic Payment
Slide 23: Branch and contact center
Branch and contact center 1,259 Branches Contact Center Delivering ‘Trusted Relationship’ An integrated channel with digital services 1H24 Highlights: Hybrid On-boarding and • Expanding and upgrading the ’hybrid model’ ~48% of total HaloBCA Touchpoints for All Segments • Empowering human capital to
Slide 24: ATM / CRM: higher daily transactions than pre pandemic
ATM / CRM : higher daily transactions than pre pandemic No of ATM /CRM Daily Trx Value and No. of Transaction 6.5 Daily Trx Value 18,483 19,163 6.4 6.3 (Rp tn) 6.2 Deposit & 6.3 6.3 Daily No. of Withdrawal 5.9 Trx. (mn) 71% 75% Machine 5.7 5.9 5.5 ATM 5.4 29% 25% 5.1 Jun 23 Jun 24 Dec-19 Dec-20 Dec-
Slide 25: Wealth Management: robust AUM growth
Wealth Management: robust AUM growth Investment AUM (Rp tn) Wealth Management (Welma) 1H24 Highlights Continued 231 40% YoY Popular No of Transactions dominance in investment AUM, growing by 40% 165 Features: +61% YoY • Online Buy / Sell Investments % Contribution to total YoY • Investment portfolio
Slide 26: Sustainable Finance and ESG
Sustainable Finance and ESG • Economic Aspect • Environment • Social • Governance Banking Industry Updates 1H24 Performance Sustainable Finance Share Data, Ratings Analyst Meeting 1H24 Economic Highlights Corporate Updates PT Bank Central Asia Tbk 26 Overview & ESG & Awards
Slide 27: BCA's Commitment on Sustainability
BCA’s Commitment on Sustainability PILLAR Responsible Sustainability Social Value Banking Culture Creation BCA has a mission to align all our corporate activities with the principles of Sustainable Finance ----------------------------------------------- Responsible Financing ------------------------
Slide 28: Sustainable Financing grew 9.3% YoY
Sustainable Financing grew 9.3% YoY Our commitment on sustainable financing Implement responsible financing Outstanding (Rp Trilion) ► Set up credit policies on high risk sectors from ESG perspective 203 198 183 181 Palm Oil Plantation & Coal Mining Toll Road Cement & Basic Timber & Forest 159 Indus
Slide 29: Continually growing green financing portfolio
Continually growing green financing portfolio Supporting low-carbon transition through EV financing Moving towards more sustainable palm oil sector Certification on Palm Oil Financing: Loan OS for EV Financing in Rp billion 1,468 Dec-20 June-24 1,275 ISPO and RSPO Certified 8 16 RSPO Certified 12 22
Slide 30: Stepping up in social financing
Stepping up in social financing Promoting women entrepreneur Increasing exposure to MSME debtors Loan O/S to Cumulative no. of +77% woman debtors MSME debtors 217 in 3 years (Rp tn): 14.8 15.8 incl. loan settled 182 12.3 13.8 (in thousands) 149 10.4 122 Dec-21 Dec-22 Dec-23 Jun-23 Jun-24 2020 2021 2
Slide 31: Towards environmentally-friendly operations
Towards environmentally-friendly operations Total Carbon Savings Potential (tCO2 eq.) 1 2 YoY: Types of waste: 3,021 51% of transactions in 1H24 done 369 ton 45 99.7% through digital channels waste recycled 13% ► EDC machines 360 142% ► Expired archives & Digital workplace documents (internal admini
Slide 32: Inspired to be a workplace of choice to employees
Inspired to be a workplace of choice to employees ( Data as of Des 2023) Gender Equality Employee Composition Female Male Employee Turnover Rate Age Group Gender Group 2023 3.6% 16% >50 years 2022 4.8% 15% >40-50 years Female 2021 5.1% 39% 61% Management New Hire 46% Level Employee 28% 30-40 years 5
Slide 33: Benefiting wider communities through value-added initiatives
Benefiting wider communities through value-added initiatives Excellent Service for Customer Engagement Bringing positive impacts to external communities Community development 4.75 (scale 5.00) 14 Assisted villages Measure service quality Customer Engagement Index 65 Participants – through index surv
Slide 34: Strengthening corporate governance
Strengthening corporate governance Good governance for sustainable Conduct best practices in Corporate Governance Outcome business practices corporate governance Self Assessment Rating Dedicated ESG working unit as enabler & • The audited annual financial collaborator of ESG initiatives across BCA S
Slide 35: ESG Rating & Awards
ESG Rating & Awards MSCI Indonesia Index World’s Strongest FTSE4Good ASEAN 5 Index Top 10 Constituents Banking Brand 2024 Top 10 Constituents 2024 Annual Brand Value BCA constituents of: Ranking • IDX ESG Leaders Index • SRI – KEHATI Index • ESG Quality 45 IDX – KEHATI #1 World’s Best Bank in • ESG
Slide 36: Corporate Updates
Corporate Updates 1H24 Performance Sustainable Finance Share Data, Ratings Analyst Meeting 1H24 Economic Highlights Banking Industry Updates Corporate Updates PT Bank Central Asia Tbk 36 Overview & ESG & Awards
Slide 37: Corporate updates
Corporate updates • Two BCA’s subsidiaries engaged in automotive financing industry, namely BCA Finance (focusing Merger of two on 4-wheeler) and BCA Multi Finance (focusing on two-wheeler) conduct a merger. OJK as the multifinance regulator has granted its approval, and merger effective date is exp
Slide 38: Share Data, Ratings & Awards
Share Data, Ratings & Awards Banking Industry Updates 1H24 Performance Sustainable Finance Share Data, Ratings Analyst Meeting 1H24 Economic Highlights Corporate Updates PT Bank Central Asia Tbk 38 Overview & ESG &Awards
Slide 39: BCA share performance & rating
BCA share performance & rating BCA Shareholding Structure (30 June 2024) Performance BBCA vs IDX Finance Index (Relative price up to 12 Jul 2024 against 1 Jan 2018) Number Ownership of Shares Percentage 150% 135.7% 130.0% 130% PT Dwimuria Investama Andalan * 67,729,950,000 54.94% BCA Share Price 112
Slide 40: Selected awards and recognitions - 2024
Selected awards and recognitions - 2024 Best Bank FinanceAsia Award 2024 Gallup Forbes World’s Best Bank 2024 Global Customer Engagement 2023 Indonesia Best Domestic Bank #1 World Best Bank in Indonesia (Highly Commended) Customer Engagement Recognition - Customer Engagement above global benchmark (
Slide 41: Publications in BCA website
Publications in BCA website (www.bca.co.id) Scan QR or Click Image to access the file Audited / Long Corporate Presentations Form Reports Short Form Reports 30 June 2024 (tidak diaudit) Economic Reports Annual Reports Sustainability (incl. GCG) Reports Analyst Meeting 1H24 PT Bank Central Asia Tbk 4
Slide 42: Disclaimer
DISCLAIMER This Presentation has been prepared by PT Bank Central Asia Tbk (“BCA”) for information purposes only. This Presentation including any information, estimation and/or projections contained herein or provided by BCA in any other written or verbal communication (the “Information”) does not c
Slide 43: Thank You
SECA . Thank You