Analyst meeting per 31 Maret 2016
ANALYST MEETING
PT Bank Tabungan Negara (Persero) Tbk.
Business & Financial Performances
as of March 31, 2016
Jakarta, April 25th 2016
Disclaimer
IMPORTANT: The following forms part of, and should be read in conjunction with, the other material in this presentation
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(Persero) Tbk. (“BTN” or the “Company”).
This presentation does not constitute or form part of any offer for sale or invitation, or solicitation of an offer, to subscribe for or purchase any securities and neither
this document nor anything contained herein shall form the basis of or be relied on in connection with any contract or commitment whatsoever. Any decision to
purchase or subscribe for securities should be made only on the basis of the information contained in a prospectus or offering circular issued by the Company in
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2
Outline
Page
Macro Economy
4
Performance Overview
10
Sharia Business
33
Appendices
35
3
1. Macro Economy
4
Updates on Macro Economy
• There have been three BI rate cuts in the first three
months of 2016, from 7.5% to 6.75%, taking
advantage of the strengthening rupiah and benign
inflation.
• Inflation in March 2016 stood at 4.45%, which is
within the BI target of 4+1%.
• Economic growth in the fourth quarter of 2015
accelerated to 5.04% (qtq); making 2015 growth
become 4.79% (yoy). Government consumption and
infrastructure investment boosted the growth
5
Updates on Banking System
• Loan growth in February 2016 slowed to 8.24% from 10.44% in December 2015. However,
reductions to the BI Rate and reserve requirement should boost liquidity and spur credit growth.
• Deposit growth also decelerated from 7.26% in December 2015 to 6.89% in February 2016,
primarily due to a decline in time deposits.
• Rising NPLs from 2.49% in December 2015 to 2.87% in February 2016 was recorded due to
sluggish commodity sector.
• OJK has implemented a new cap on deposit rates, previously at 200-225 bps to 75-100 bps above
the prevailing BI rate.
6
Updates on Housing Industry
•
Growth of residential property prices in the fourth
quarter of 2015 decelerated to 0.73% (qtq) or 4.62%
(yoy).
•
The prices of all house types increased slower than
previous period, albeit most slowly for large houses
(0.38%, qtq).
•
Slump in residential property sales in the fourth quarter
of 2015 shows a downswing to 6.02% (qtq) from 7.66%
(qtq) in the previous period and 40.07% (qtq) in the
same period a year ago, affecting all house types,
especially large houses.
•
Residential Property Index
Growth of Property Sales (% qtq)
The property sale slump was also confirmed by bank
disbursements of housing loans, with growth slowing to
1.17% (qtq).
Source: Bank Indonesia – Residential Property Survey for Primary House
7
Result Summary
• BBTN has successfully managed a good result in 1Q2016.
• Total assets grew by 19.51% (yoy) to Rp178.42 trn, mainly driven by growth on loan and deposit.
• Total loans increased by 18.96% (yoy) to Rp142.94 trn, much higher than system’s growth of 8.24% (as
of February 2016). Loan growth has been driven by Subsidized Mortgages (28.44%) and Construction
Loans (25.39%), aligned with our focus business on housing loans.
• Deposits was robust to support loan growth. Deposits rose by 19.76% to Rp131.16 trn. Current
accounts marked the biggest growth at 33.78%.
• Net profit increased by 22.08% (yoy) to Rp491 bn. Net interest income grew by 14.99%, while fee
income also increased by 16.95%
• NPL improved significantly from 4.78% to 3.59%. Loan restructuring and collateral sale have been
continued in order to improve asset quality.
• Along with the NPL improvement, coverage ratio increased from 29.96% to 41.32%.
8
Achievement of 1 Million Houses Program
Loan Type
Subsidized Mortgage
Non Subsidized Mortgage
TOTAL
Target
(Unit)
Mortgage
Disbursed 2016
430,000
140,000
570,000
Unit
31,208
10,668
41,876
IDR Bn
3,351
2,894
6,245
Progress as of March 31, 2016
Construction Loans Support in Progress
Approved
Approved
Total
prior to 2016
in 2016
Unit
IDR Bn
Unit
IDR Bn
Unit
IDR Bn
142,538
6,002
13,241
553 155,779
6,555
125,135
18,410
3,595
825 128,730
19,235
267,673
24,412
16,836
1,378 284,509
25,790
Total
Unit
186,987
139,398
326,385
IDR Bn
9,906
22,129
32,035
9
2. Performance Overview
10
Financial Highlight
(IDR Billion)
FY 2011
Total Asset
Total Loan & Financing
Total Deposits
Equity
Net Profit
Earning per Share (IDR)
CAR (Tier 1)
CAR (BI)
NPL (Gross)
NPL (Nett)
NIM
C I R *)
COVERAGE RATIO
ROE
ROA
LDR
89,121
63,564
61,974
7,322
1,119
123
14.20%
15.03%
2.75%
2.23%
5.76%
51.66%
54.11%
17.65%
2.03%
102.56%
FY 2012
111,749
81,411
80,688
10,279
1,364
148
16.95%
17.69%
4.09%
3.12%
5.83%
49.71%
29.48%
18.23%
1.94%
100.90%
FY 2013
131,170
100,467
96,213
11,557
1,562
148
14.91%
15.62%
4.05%
3.04%
5.44%
50.86%
27.97%
16.05%
1.79%
104.42%
FY 2014
144,582
115,916
106,479
12,253
1,146
108
14.07%
14.64%
4.01%
2.76%
4.47%
57.21%
33.77%
10.95%
1.14%
108.86%
FY 2015
171,808
138,956
127,746
13,860
1,851
175
14.87%
16.97%
3.42%
2.11%
4.87%
50.08%
43.14%
16.84%
1.61%
108.78%
Q1 2015
149,289
120,158
109,519
12,474
402
38
12.94%
15.05%
4.78%
3.47%
4.70%
52.93%
29.96%
15.31%
1.53%
109.71%
Q1 2016
178,419
142,944
131,165
14,394
491
46
14.47%
16.50%
3.59%
2.34%
4.59%
54.46%
41.32%
15.89%
1.56%
108.98%
y.o.y
19.51%
18.96%
19.76%
15.39%
22.08%
21.05%
*) Reclassified
11
Balance Sheet
(IDR Billion)
FY 2011
FY 2012
FY 2013
FY 2014
Total Assets
Total Earning Assets
- Term Deposit with BI
- Loans and Financing
- Securities
- Other Earning Assets
Provision on Earning Asset
Others
89,121
81,401
9,475
63,564
7,846
517
(954)
8,675
111,749
101,538
10,867
81,411
8,491
769
(997)
11,208
131,170
118,305
4,834
100,467
12,595
408
(1,148)
14,013
144,582
132,192
1,496
115,916
13,684
1,095
(1,581)
13,972
Deposits
Securities Issued
Deposits from Other Banks
Repurchase Agreements
Borrowings
Others
Equity
61,974
5,438
808
4,450
5,693
3,436
7,322
80,688
7,137
741
2,335
6,734
3,834
10,279
96,213
8,837
285
2,653
7,070
4,556
11,557
106,479
7,939
1,770
3,818
6,996
5,329
12,253
FY 2015
171,808
157,049
7,529
138,956
10,001
562
(2,064)
16,823
127,746
10,937
3,255
2,135
7,725
6,151
13,860
Q1 2015
149,289
136,849
2,179
120,158
13,858
655
(1,731)
14,171
109,519
9,950
2,207
3,422
5,978
5,738
12,474
Q1 2016
178,419
165,078
5,657
142,944
15,888
589
(2,136)
15,477
131,165
10,936
4,660
2,155
8,707
6,403
14,394
y.o.y
19.51%
20.63%
159.65%
18.96%
14.65%
-10.08%
23.40%
9.22%
19.76%
9.91%
111.11%
-37.02%
45.64%
11.58%
15.39%
12
Asset Composition
Total Assets
(IDR Trillion)
Assets Composition
(%)
13
Earning Asset Composition
Total Earning Asset
Earning Asset Composition
(IDR Trillion)
(%)
14
Loans Composition
31-Dec-11
Loans Type
Housing Loans
IDR Bn
Shares
31-Dec-12
IDR Bn
Shares
31-Dec-13
IDR Bn
31-Dec-14
31-Dec-15
31-Mar-15
31-Mar-16
Shares
IDR Bn
Shares
IDR Bn
Shares
IDR Bn
Shares
IDR Bn
Shares
y.o.y
55,805
87.79%
70,223
86.26%
87,005
86.60%
102,614
88.52%
124,927
89.90%
106,927
88.99%
129,058
90.29% 20.70%
25,804
18,611
4,199
7,191
40.60%
29.28%
6.61%
11.31%
25,562
29,129
6,070
9,462
31.40%
35.78%
7.46%
11.62%
28,429
39,548
7,198
11,829
28.30%
39.36%
7.16%
11.77%
34,347
45,601
8,179
14,486
29.63%
39.34%
7.06%
12.50%
43,527
53,567
8,934
18,900
31.32%
38.55%
6.43%
13.60%
35,755
47,347
8,380
15,445
29.76%
39.40%
6.97%
12.85%
45,924
54,996
8,771
19,367
32.13% 28.44%
38.47% 16.16%
6.14% 4.66%
13.55% 25.39%
Non-Housing Loans
7,759
12.21%
11,187
13.74%
13,463
13.40%
13,302
11.48%
14,029
10.10%
13,231
11.01%
13,885
9.71%
Consumer Loan
Commercial Loan
1,463
6,296
2.30%
9.90%
1,923
9,264
2.36%
11.38%
2,597
10,865
2.59%
10.81%
2,916
10,386
2.52%
8.96%
3,839
10,190
2.76%
7.33%
3,087
10,144
2.57%
8.44%
3,776
10,109
2.64% 22.32%
7.07% -0.34%
Subsidized Mortgages
Non-Subsidized Mortgages
Other Housing Loans
Construction Loan
Total Loans
63,564 100.00%
81,411 100.00%
100,467 100.00%
115,916 100.00%
138,956 100.00%
120,158 100.00%
Gross Loan
Housing and Non-Housing Loans
(IDR Trillion)
(%)
Note : Figures on all graphs Include Sharia financing
4.95%
142,944 100.00% 18.96%
15
Growth in Mortgages
Total Mortgages
Mortgage Composition
(IDR Billion)
(%)
Subsidized Mortgages
Non Subsidized Mortgages
(IDR Billion)
(IDR Billion)
Note : Figures on all graphs Include Sharia financing
16
Loan Disbursement
IDR Trillion
IDR Billion
Loans Type
FY 2011
FY 2012
FY 2013
FY 2014
FY 2015
Q1
2015
2016
y.o.y
IDR Bio
Housing Loans
Subsidized Mortgages
Non-Subsidized Mortgages
18,789
5,896
5,340
28,041
4,213
12,479
33,955
6,506
14,286
34,029
7,960
12,629
41,812
12,771
13,404
8,640
2,195
2,908
9,357
3,351
2,894
8.29%
52.64%
-0.48%
Other Housing
1,540
2,659
2,500
2,416
2,418
594
391
-34.23%
Construction Loan
6,013
8,690
10,663
11,023
13,219
2,943
2,720
-7.55%
Non-Housing Loans
Consumer Loan
Commercial Loan
6,384
900
5,484
9,679
1,809
7,870
10,338
2,389
7,949
7,569
2,564
5,005
9,434
4,268
5,166
2,055
971
1,084
2,791
1,697
1,094
35.82%
74.79%
0.93%
25,173
37,720
44,293
41,598
51,246
10,695
12,147
13.58%
Total Loans
Note : Figures on graph and table Include Sharia financing
17
Loan Quality (1/2)
Gross NPL
Net NPL
(%)
(%)
Note : Figures on all graphs Include Sharia financing
18
Loan Quality (2/2)
31-Dec-11
Collectibility
Current
Special Mentioned
PL
Substandard
Doubtful
Loss
NPL
PL + NPL
NPL Gross
NPL Netto
IDR Bn
54,052
7,767
61,819
178
199
1,368
1,745
63,564
2.75%
2.23%
Loan Type
Share
31-Dec-12
IDR Bn
85.04%
12.22%
97.25%
0.28%
0.31%
2.15%
2.75%
100.00%
68,420
9,665
78,085
686
542
2,098
3,326
81,411
4.09%
3.12%
31-Dec
31-Dec-13
Share
IDR Bn
84.04%
84,301
11.87%
12,101
95.91%
96,402
0.84%
458
0.67%
457
2.58%
3,151
4.09%
4,066
100.00% 100,467
4.05%
3.04%
31-Dec
31-Dec
31-Dec-14
Share
IDR Bn
83.91%
12.04%
95.95%
0.46%
0.45%
3.14%
4.05%
100.00%
95,262
16,004
111,266
338
454
3,859
4,650
115,916
4.01%
2.76%
31-Dec
Share
31-Dec-15
IDR Bn
Share
82.18% 116,887 84.12%
13.81%
17,316 12.46%
95.99% 134,203 96.58%
0.29%
250
0.18%
0.39%
359
0.26%
3.33%
4,144
2.98%
4.01%
4,753
3.42%
100.00% 138,956 100.00%
3.42%
2.11%
31-Dec
IDR Bn
96,641
17,780
114,420
743
1,008
3,987
5,738
120,158
4.78%
3.47%
Share
80.43%
14.80%
95.22%
0.62%
0.84%
3.32%
4.78%
100.00%
31-Mar-16
IDR Bn
118,043
19,768
137,811
443
531
4,158
5,132
142,944
3.59%
2.34%
Share
82.58%
13.83%
96.41%
0.31%
0.37%
2.91%
3.59%
100.00%
31-Mar
(Gross)
Housing Loans
Subsidized Mortgage
Non-Subsidized Mortgage
Other Housing Loans
Construction Loan
Non-Housing Loans
Consumer Loan
2011
2.74%
2.37%
2.88%
2.78%
3.66%
3.14%
1.30%
2012
3.93%
5.00%
2.90%
3.08%
4.74%
5.08%
2.00%
2013
3.80%
5.24%
2.61%
3.17%
4.75%
5.60%
2.03%
2014
3.43%
3.96%
2.51%
3.47%
5.13%
8.51%
2.55%
2015
2015
2.79% 4.06%
2.48% 4.33%
2.57% 3.22%
3.44% 4.52%
3.81% 5.87%
9.02% 10.49%
2.17% 2.59%
Commercial Loan
Total Loans
3.60%
2.75%
5.72%
4.09%
6.63%
4.05%
10.16%
4.01%
11.57% 12.88% 11.97%
3.42% 4.78%
3.59%
Note : Figures on all tables Include Sharia financing
31-Mar-15
2016
2.96%
2.43%
2.85%
3.77%
4.18%
9.39%
2.39%
19
Liabilities
Total Liabilities
Funding Composition
(IDR Trillion)
(IDR Trillion)
Funding Composition
(%)
20
Deposits
Total Deposits Mix
(IDR Trillion)
Deposits
Current Account
Savings Account
Time Deposits
Total
FY 2011
13.15
14.82
34.01
61.97
FY 2012
13.27
21.54
45.88
80.69
FY 2013
19.12
24.24
52.86
96.21
FY 2014
23.23
25.55
57.70
106.48
FY 2015
31.37
30.76
65.62
127.75
Q1 2015
24.11
24.80
60.61
109.52
Q1 2016
y.o.y
32.26 33.78%
29.04 17.10%
69.87 15.28%
131.16 19.76%
CASA Composition
(%)
21
Equity (1/2)
Total Equity
(IDR Trillion)
CAR - BI
(%)
22
Equity (2/2)
2011
2012
2013
2014
2015
Mar 2015 Mar 2016
Tier - 1 Capital
Tier - 2 Capital
Capital on B/S
Securitization exposure
RWA - Credit Risk
RWA - Market Risk
RWA - Operational Risk
RWA - Total
6,584
512
7,322
127
40,940
150
5,284
46,374
9,038
582
10,279
187
46,582
182
6,557
53,321
9,879
722
11,557
247
57,749
284
8,229
66,262
10,736
797
12,253
362
66,251
226
9,856
76,333
12,172
1,721
13,860
344
70,474
223
11,185
81,882
10,492
1,711
12,474
360
69,645
258
11,185
81,088
12,465
1,751
14,394
356
72,840
409
12,899
86,148
CAR Tier – 1/(RWA Credit + Market Risk)
16.02%
19.33%
17.02% 16.15% 17.22%
15.01%
17.02%
CAR Tier – 1/(RWA Credit + Market + Ops
Risk)
14.20%
16.95%
14.91% 14.07% 14.87%
12.94%
14.47%
CAR B/S/(RWA Credit + Market Risk)
17.82%
21.98%
19.91% 18.43% 19.60%
17.84%
19.65%
CAR B/S/(RWA Credit + Market + Ops Risk)
15.79%
19.28%
17.44% 16.05% 16.93%
15.38%
16.71%
CAR BI ((Tier 1+2)/(RWA Credit + Market Risk))
16.96%
20.17%
17.84% 16.81% 19.65%
17.46%
19.41%
CAR BI ((Tier 1+2)/(RWA Credit + Ops Risk))
15.08%
17.75%
15.69% 14.68% 17.01%
15.10%
16.58%
CAR BI ((Tier 1+2)/(RWA Credit + Market +
Ops Risk))
15.03%
17.69%
15.62% 14.64% 16.97%
15.05%
16.50%
*)
*) Equity and CAR calculation have been adjusted with PBI No.15/12/PBI/2013 on Minimum Capital Requirement for Commercial Banks
23
Income Statement
(IDR Billion)
FY 2011
Interest Income
Interest Expense
Net Interest Income
Other Operating Income
Other Operating Expense
Profit From Operating
Non Operating Income (Expense)
Profit Before Tax
Net Profit
7,791
(4,000)
3,791
571
(2,836)
1,526
(3)
1,522
1,119
FY 2012
9,106
(4,379)
4,726
577
(3,438)
1,865
(8)
1,857
1,364
FY 2013
11,197
(5,558)
5,639
798
(4,301)
2,136
5
2,141
1,562
FY 2014
13,374
(7,893)
5,482
923
(4,828)
1,577
2
1,579
1,146
FY 2015
15,567
(8,700)
6,867
1,132
(5,465)
2,534
8
2,542
1,851
Q1 2015
3,609
(2,055)
1,554
244
(1,241)
558
5
563
402
Q1 2016
4,191
(2,404)
1,787
282
(1,380)
689
(3)
687
491
y.o.y
16.12%
16.98%
14.99%
15.58%
11.23%
23.60%
-151.91%
22.08%
22.08%
24
Interest Income Composition
(IDR Billion)
FY2011 FY2012 FY2013 FY2014 FY2015 Q1 2015 Q1 2016
Placement with Bank Indonesia
Placement with other bank
Securities
Loan
Income from Syariah
Total
Y.o.Y
30
50
556
6,735
420
46
52
534
7,901
573
74
63
726
9,605
729
81
40
982
11,353
919
107
37
858
13,523
1,042
22
3
222
3,119
244
35
14
239
3,618
285
63.25%
340.96%
7.76%
16.00%
16.79%
7,791
9,106
11,197
13,374
15,567
3,609
4,191
16.12%
25
Interest Expense Composition
(IDR Billion)
FY2011 FY2012 FY2013 FY2014 FY2015 Q1 2015 Q1 2016
Bank Indonesia
Deposits from other Banks
Deposits from Non Banks
Securities Issued
Fund Borrowings
Others
Total
12
29
2,935
543
197
284
4,000
8
20
3,118
674
400
159
4,379
5
39
4,082
826
450
157
5,558
2
84
6,290
787
529
201
7,893
1
328
6,750
883
516
222
8,700
0.32
70
1,602
185
127
72
2,055
Y.o.Y
-100.00%
91
31.43%
1,837
14.72%
259
39.43%
175
38.54%
41 -42.25%
2,404
16.98%
26
Other Operating Income Composition
(IDR Billion)
FY2011 FY2012 FY2013 FY2014 FY2015 Q1 2015 Q1 2016
Marked to market
Gain
Reversal on Provisions
Commissions, Services & Admin Fee *)
Others *)
Total
Y.o.Y
3
40
58
8
461
9
17
11
541
17
32
8
31
709
7
112
5
496
303
170
8
596
358
20
23
0
131
69
20
1.12%
48 104.56%
-100.00%
141
7.31%
73
6.10%
571
577
798
923
1,132
244
282
15.58%
*) Reclassified
27
Other Operating Expense Composition
(IDR Billion)
FY2011 FY2012 FY2013 FY2014 FY2015 Q1 2015 Q1 2016
Provisions
Salaries & Employee Benefit
Electricity, Telp, Office Supp.
Others *)
Rent, Service & Maintenance
Depreciation
Promotion
Collector Fees & Consultan
Insurance Premium
Training
Research & Development
Other Taxes
Gain
Marked to Market
Total
109
893
320
286
350
212
197
258
119
81
2
7
1
2,836
214
978
384
355
376
267
275
313
145
117
4
11
0
3,438
441
1,161
365
337
482
279
411
386
175
110
4
6
1
144
4,301
777
1,260
494
227
542
226
509
451
217
107
6
8
3
0
4,828
901
1,459
591
422
563
196
417
544
245
106
7
8
4
0
5,465
189
369
123
83
111
42
105
131
61
23
1
1
0
0
1,241
Y.o.Y
137 -27.80%
445
20.51%
111
-9.41%
143
71.69%
151
36.64%
46
8.36%
89 -15.26%
154
18.10%
80
29.68%
20 -14.34%
3 153.66%
1
9.96%
-100.00%
0
-85%
1,380
11.23%
28
Key Financial Ratios (1/4)
Net Income
(IDR Billion)
Net Interest Margin
Cost Income Ratio *)
Note : *) Reclassified
29
Key Financial Ratios (2/4)
ROA1– before tax
ROA2– after tax
1Calculated
2Calculated
based on income before income tax (include tax benefit and extraordinary item)/ average total assets based on Bank Indonesia regulation
based on net profit/average total assets
30
Key Financial Ratios (3/4)
ROE3 – tier 1 capital
ROE4 – balance sheet
15.28%
3Calculated
4Calculated
13.52%
based on net profit/average Tier 1 capital based on Bank Indonesia regulation
based on net profit/total stakeholder’s equity
31
Key Financial Ratios (4/4)
Loan-to-Deposit Ratio
Loan-to-Funding Ratio
*) Calculated based on SE BI No 17/17/DKMP dated 26 June 2015 Re: Reserve Requirement Calculation for Commercial Banks
32
3. Sharia Business
33
Sharia Business
Sharia Assets
Sharia Deposits
(IDR Billion)
(IDR Billion)
Sharia Net Profit
Sharia Financings
(IDR Billion)
(IDR Billion)
34
4. Appendices
35
Shares Information
Share Ownerships Composition as of March 31, 2016
Ownership
# of Shares
%
GOI
6,354,000,000
60.00%
Public
4,236,000,000
40.00%
1,599,734,705
2,636,265,295
15.11%
- Domestic
- Foreign
Total
10,590,000,000
24.89%
100.00%
Public Share Ownerships
Period
Q1 2016
Q1 2015
%
Opening
1,300
1,205
7.88%
Lowest
1,280
980
30.61%
Highest
1,865
1,270
46.85%
Average Volume
PBV (x)
(Lots)
1,745
276,471
1.28
1,255
597,859
1.07
39.04%
-53.76%
19.99%
Closing
BVPS
1,359
1,180
15.15%
Market Cap
(IDR Million)
18,479,550
13,262,840
39.33%
• IPO by listed on IDX on 17 December 2009 at IDR800 per
share
• Rights issue successfully done in November 2012 by issuing
additional 1.512.857.500 new shares
• Market cap as of March 31, 2016 was IDR 18.5 Trillion
36
Kalimantan
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
Outlets
Sumatera
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
1
11
34
58
6
6
700
240
5
10
18
2
4
299
85
Sulawesi
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
1
5
13
18
2
2
126
92
Papua & Maluku
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
3
3
2
61
22
I N D O N E S I A
Jawa
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
2
38
158
375
40
25
1,624
1,345
Bali & Nusa Tenggara
Regional Offices
Branch Offices
3
Sub Branch Offices
5
Cash Outlets
8
Sharia Outlets
Priority Outlet
2
Post Offices
141
ATMs
46
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Total Outlets
Post Offices
ATMs
Employees
2011
2
65
218
316
39
7
647
2,738
1,181
6,337
2012
3
65
223
415
50
13
769
2,922
1,404
7,142
2013
3
65
223
479
50
23
843
2,922
1,504
8,011
2014
3
65
223
479
50
34
854
2,951
1,830
8,582
2015 Q1 2016
4
4
65
65
223
223
479
479
50
50
39
39
860
860
2,951 2,951
1,830 1,830
37
9,042 9,059
THANK YOU
________________
Investor Relations
PT Bank Tabungan Negara (Persero) Tbk
Menara BTN Lt. 20 - Jl Gajah Mada No. 1
Jakarta Pusat 10130
Telp : +62 21 63870142 / +62 21 63870107
Facs: +62 21 63870104
Email : investor_ relations@btn.co.id
Website : www.btn.co.id
38
PT Bank Tabungan Negara (Persero) Tbk.
Business & Financial Performances
as of March 31, 2016
Jakarta, April 25th 2016
Disclaimer
IMPORTANT: The following forms part of, and should be read in conjunction with, the other material in this presentation
This presentation contains privileged information and has been prepared solely for the recipient(s). By accepting a copy (or the contents) of this presentation, you
are deemed to have acknowledged and agreed to the provisions appearing hereinafter. The existence of this presentation and the contents thereof should not be
disclosed, reproduced, copied or otherwise disseminated to any other person or published, in whole or in part, without prior consent of PT Bank Tabungan Negara
(Persero) Tbk. (“BTN” or the “Company”).
This presentation does not constitute or form part of any offer for sale or invitation, or solicitation of an offer, to subscribe for or purchase any securities and neither
this document nor anything contained herein shall form the basis of or be relied on in connection with any contract or commitment whatsoever. Any decision to
purchase or subscribe for securities should be made only on the basis of the information contained in a prospectus or offering circular issued by the Company in
connection with any such offering.
Information and opinions contained in this presentation are provided for reference of the recipients only and are not to be relied upon as authoritative or without the
recipient’s own independent verification or taken in substitution for the exercise of the recipient’s own judgment. Any reference to past performance should not be
taken as an indication of future performance. In furnishing the presentation, the Company has not undertaken to provide the recipient(s) with access to any
additional information or updates. None of the Company warrant or guarantee whatsoever that this presentation will lead to the successful completion, or
consummation, of any transactions whether or not under contemplation.
Accordingly the Company disclaims any liability whatsoever in connection therewith and with any decisions that might be taken upon the basis of this presentation,
directly or indirectly. In particular, the Company owe no duty to the recipient (except as required by applicable laws) to exercise any judgment on its behalf as to
the merits or suitability of any transaction. The recipient agrees that the merits or suitability of any such transaction to its particular situation will be independently
determined by the recipient including consideration of the legal, tax, accounting, regulatory, financial and other related aspects thereof.
2
Outline
Page
Macro Economy
4
Performance Overview
10
Sharia Business
33
Appendices
35
3
1. Macro Economy
4
Updates on Macro Economy
• There have been three BI rate cuts in the first three
months of 2016, from 7.5% to 6.75%, taking
advantage of the strengthening rupiah and benign
inflation.
• Inflation in March 2016 stood at 4.45%, which is
within the BI target of 4+1%.
• Economic growth in the fourth quarter of 2015
accelerated to 5.04% (qtq); making 2015 growth
become 4.79% (yoy). Government consumption and
infrastructure investment boosted the growth
5
Updates on Banking System
• Loan growth in February 2016 slowed to 8.24% from 10.44% in December 2015. However,
reductions to the BI Rate and reserve requirement should boost liquidity and spur credit growth.
• Deposit growth also decelerated from 7.26% in December 2015 to 6.89% in February 2016,
primarily due to a decline in time deposits.
• Rising NPLs from 2.49% in December 2015 to 2.87% in February 2016 was recorded due to
sluggish commodity sector.
• OJK has implemented a new cap on deposit rates, previously at 200-225 bps to 75-100 bps above
the prevailing BI rate.
6
Updates on Housing Industry
•
Growth of residential property prices in the fourth
quarter of 2015 decelerated to 0.73% (qtq) or 4.62%
(yoy).
•
The prices of all house types increased slower than
previous period, albeit most slowly for large houses
(0.38%, qtq).
•
Slump in residential property sales in the fourth quarter
of 2015 shows a downswing to 6.02% (qtq) from 7.66%
(qtq) in the previous period and 40.07% (qtq) in the
same period a year ago, affecting all house types,
especially large houses.
•
Residential Property Index
Growth of Property Sales (% qtq)
The property sale slump was also confirmed by bank
disbursements of housing loans, with growth slowing to
1.17% (qtq).
Source: Bank Indonesia – Residential Property Survey for Primary House
7
Result Summary
• BBTN has successfully managed a good result in 1Q2016.
• Total assets grew by 19.51% (yoy) to Rp178.42 trn, mainly driven by growth on loan and deposit.
• Total loans increased by 18.96% (yoy) to Rp142.94 trn, much higher than system’s growth of 8.24% (as
of February 2016). Loan growth has been driven by Subsidized Mortgages (28.44%) and Construction
Loans (25.39%), aligned with our focus business on housing loans.
• Deposits was robust to support loan growth. Deposits rose by 19.76% to Rp131.16 trn. Current
accounts marked the biggest growth at 33.78%.
• Net profit increased by 22.08% (yoy) to Rp491 bn. Net interest income grew by 14.99%, while fee
income also increased by 16.95%
• NPL improved significantly from 4.78% to 3.59%. Loan restructuring and collateral sale have been
continued in order to improve asset quality.
• Along with the NPL improvement, coverage ratio increased from 29.96% to 41.32%.
8
Achievement of 1 Million Houses Program
Loan Type
Subsidized Mortgage
Non Subsidized Mortgage
TOTAL
Target
(Unit)
Mortgage
Disbursed 2016
430,000
140,000
570,000
Unit
31,208
10,668
41,876
IDR Bn
3,351
2,894
6,245
Progress as of March 31, 2016
Construction Loans Support in Progress
Approved
Approved
Total
prior to 2016
in 2016
Unit
IDR Bn
Unit
IDR Bn
Unit
IDR Bn
142,538
6,002
13,241
553 155,779
6,555
125,135
18,410
3,595
825 128,730
19,235
267,673
24,412
16,836
1,378 284,509
25,790
Total
Unit
186,987
139,398
326,385
IDR Bn
9,906
22,129
32,035
9
2. Performance Overview
10
Financial Highlight
(IDR Billion)
FY 2011
Total Asset
Total Loan & Financing
Total Deposits
Equity
Net Profit
Earning per Share (IDR)
CAR (Tier 1)
CAR (BI)
NPL (Gross)
NPL (Nett)
NIM
C I R *)
COVERAGE RATIO
ROE
ROA
LDR
89,121
63,564
61,974
7,322
1,119
123
14.20%
15.03%
2.75%
2.23%
5.76%
51.66%
54.11%
17.65%
2.03%
102.56%
FY 2012
111,749
81,411
80,688
10,279
1,364
148
16.95%
17.69%
4.09%
3.12%
5.83%
49.71%
29.48%
18.23%
1.94%
100.90%
FY 2013
131,170
100,467
96,213
11,557
1,562
148
14.91%
15.62%
4.05%
3.04%
5.44%
50.86%
27.97%
16.05%
1.79%
104.42%
FY 2014
144,582
115,916
106,479
12,253
1,146
108
14.07%
14.64%
4.01%
2.76%
4.47%
57.21%
33.77%
10.95%
1.14%
108.86%
FY 2015
171,808
138,956
127,746
13,860
1,851
175
14.87%
16.97%
3.42%
2.11%
4.87%
50.08%
43.14%
16.84%
1.61%
108.78%
Q1 2015
149,289
120,158
109,519
12,474
402
38
12.94%
15.05%
4.78%
3.47%
4.70%
52.93%
29.96%
15.31%
1.53%
109.71%
Q1 2016
178,419
142,944
131,165
14,394
491
46
14.47%
16.50%
3.59%
2.34%
4.59%
54.46%
41.32%
15.89%
1.56%
108.98%
y.o.y
19.51%
18.96%
19.76%
15.39%
22.08%
21.05%
*) Reclassified
11
Balance Sheet
(IDR Billion)
FY 2011
FY 2012
FY 2013
FY 2014
Total Assets
Total Earning Assets
- Term Deposit with BI
- Loans and Financing
- Securities
- Other Earning Assets
Provision on Earning Asset
Others
89,121
81,401
9,475
63,564
7,846
517
(954)
8,675
111,749
101,538
10,867
81,411
8,491
769
(997)
11,208
131,170
118,305
4,834
100,467
12,595
408
(1,148)
14,013
144,582
132,192
1,496
115,916
13,684
1,095
(1,581)
13,972
Deposits
Securities Issued
Deposits from Other Banks
Repurchase Agreements
Borrowings
Others
Equity
61,974
5,438
808
4,450
5,693
3,436
7,322
80,688
7,137
741
2,335
6,734
3,834
10,279
96,213
8,837
285
2,653
7,070
4,556
11,557
106,479
7,939
1,770
3,818
6,996
5,329
12,253
FY 2015
171,808
157,049
7,529
138,956
10,001
562
(2,064)
16,823
127,746
10,937
3,255
2,135
7,725
6,151
13,860
Q1 2015
149,289
136,849
2,179
120,158
13,858
655
(1,731)
14,171
109,519
9,950
2,207
3,422
5,978
5,738
12,474
Q1 2016
178,419
165,078
5,657
142,944
15,888
589
(2,136)
15,477
131,165
10,936
4,660
2,155
8,707
6,403
14,394
y.o.y
19.51%
20.63%
159.65%
18.96%
14.65%
-10.08%
23.40%
9.22%
19.76%
9.91%
111.11%
-37.02%
45.64%
11.58%
15.39%
12
Asset Composition
Total Assets
(IDR Trillion)
Assets Composition
(%)
13
Earning Asset Composition
Total Earning Asset
Earning Asset Composition
(IDR Trillion)
(%)
14
Loans Composition
31-Dec-11
Loans Type
Housing Loans
IDR Bn
Shares
31-Dec-12
IDR Bn
Shares
31-Dec-13
IDR Bn
31-Dec-14
31-Dec-15
31-Mar-15
31-Mar-16
Shares
IDR Bn
Shares
IDR Bn
Shares
IDR Bn
Shares
IDR Bn
Shares
y.o.y
55,805
87.79%
70,223
86.26%
87,005
86.60%
102,614
88.52%
124,927
89.90%
106,927
88.99%
129,058
90.29% 20.70%
25,804
18,611
4,199
7,191
40.60%
29.28%
6.61%
11.31%
25,562
29,129
6,070
9,462
31.40%
35.78%
7.46%
11.62%
28,429
39,548
7,198
11,829
28.30%
39.36%
7.16%
11.77%
34,347
45,601
8,179
14,486
29.63%
39.34%
7.06%
12.50%
43,527
53,567
8,934
18,900
31.32%
38.55%
6.43%
13.60%
35,755
47,347
8,380
15,445
29.76%
39.40%
6.97%
12.85%
45,924
54,996
8,771
19,367
32.13% 28.44%
38.47% 16.16%
6.14% 4.66%
13.55% 25.39%
Non-Housing Loans
7,759
12.21%
11,187
13.74%
13,463
13.40%
13,302
11.48%
14,029
10.10%
13,231
11.01%
13,885
9.71%
Consumer Loan
Commercial Loan
1,463
6,296
2.30%
9.90%
1,923
9,264
2.36%
11.38%
2,597
10,865
2.59%
10.81%
2,916
10,386
2.52%
8.96%
3,839
10,190
2.76%
7.33%
3,087
10,144
2.57%
8.44%
3,776
10,109
2.64% 22.32%
7.07% -0.34%
Subsidized Mortgages
Non-Subsidized Mortgages
Other Housing Loans
Construction Loan
Total Loans
63,564 100.00%
81,411 100.00%
100,467 100.00%
115,916 100.00%
138,956 100.00%
120,158 100.00%
Gross Loan
Housing and Non-Housing Loans
(IDR Trillion)
(%)
Note : Figures on all graphs Include Sharia financing
4.95%
142,944 100.00% 18.96%
15
Growth in Mortgages
Total Mortgages
Mortgage Composition
(IDR Billion)
(%)
Subsidized Mortgages
Non Subsidized Mortgages
(IDR Billion)
(IDR Billion)
Note : Figures on all graphs Include Sharia financing
16
Loan Disbursement
IDR Trillion
IDR Billion
Loans Type
FY 2011
FY 2012
FY 2013
FY 2014
FY 2015
Q1
2015
2016
y.o.y
IDR Bio
Housing Loans
Subsidized Mortgages
Non-Subsidized Mortgages
18,789
5,896
5,340
28,041
4,213
12,479
33,955
6,506
14,286
34,029
7,960
12,629
41,812
12,771
13,404
8,640
2,195
2,908
9,357
3,351
2,894
8.29%
52.64%
-0.48%
Other Housing
1,540
2,659
2,500
2,416
2,418
594
391
-34.23%
Construction Loan
6,013
8,690
10,663
11,023
13,219
2,943
2,720
-7.55%
Non-Housing Loans
Consumer Loan
Commercial Loan
6,384
900
5,484
9,679
1,809
7,870
10,338
2,389
7,949
7,569
2,564
5,005
9,434
4,268
5,166
2,055
971
1,084
2,791
1,697
1,094
35.82%
74.79%
0.93%
25,173
37,720
44,293
41,598
51,246
10,695
12,147
13.58%
Total Loans
Note : Figures on graph and table Include Sharia financing
17
Loan Quality (1/2)
Gross NPL
Net NPL
(%)
(%)
Note : Figures on all graphs Include Sharia financing
18
Loan Quality (2/2)
31-Dec-11
Collectibility
Current
Special Mentioned
PL
Substandard
Doubtful
Loss
NPL
PL + NPL
NPL Gross
NPL Netto
IDR Bn
54,052
7,767
61,819
178
199
1,368
1,745
63,564
2.75%
2.23%
Loan Type
Share
31-Dec-12
IDR Bn
85.04%
12.22%
97.25%
0.28%
0.31%
2.15%
2.75%
100.00%
68,420
9,665
78,085
686
542
2,098
3,326
81,411
4.09%
3.12%
31-Dec
31-Dec-13
Share
IDR Bn
84.04%
84,301
11.87%
12,101
95.91%
96,402
0.84%
458
0.67%
457
2.58%
3,151
4.09%
4,066
100.00% 100,467
4.05%
3.04%
31-Dec
31-Dec
31-Dec-14
Share
IDR Bn
83.91%
12.04%
95.95%
0.46%
0.45%
3.14%
4.05%
100.00%
95,262
16,004
111,266
338
454
3,859
4,650
115,916
4.01%
2.76%
31-Dec
Share
31-Dec-15
IDR Bn
Share
82.18% 116,887 84.12%
13.81%
17,316 12.46%
95.99% 134,203 96.58%
0.29%
250
0.18%
0.39%
359
0.26%
3.33%
4,144
2.98%
4.01%
4,753
3.42%
100.00% 138,956 100.00%
3.42%
2.11%
31-Dec
IDR Bn
96,641
17,780
114,420
743
1,008
3,987
5,738
120,158
4.78%
3.47%
Share
80.43%
14.80%
95.22%
0.62%
0.84%
3.32%
4.78%
100.00%
31-Mar-16
IDR Bn
118,043
19,768
137,811
443
531
4,158
5,132
142,944
3.59%
2.34%
Share
82.58%
13.83%
96.41%
0.31%
0.37%
2.91%
3.59%
100.00%
31-Mar
(Gross)
Housing Loans
Subsidized Mortgage
Non-Subsidized Mortgage
Other Housing Loans
Construction Loan
Non-Housing Loans
Consumer Loan
2011
2.74%
2.37%
2.88%
2.78%
3.66%
3.14%
1.30%
2012
3.93%
5.00%
2.90%
3.08%
4.74%
5.08%
2.00%
2013
3.80%
5.24%
2.61%
3.17%
4.75%
5.60%
2.03%
2014
3.43%
3.96%
2.51%
3.47%
5.13%
8.51%
2.55%
2015
2015
2.79% 4.06%
2.48% 4.33%
2.57% 3.22%
3.44% 4.52%
3.81% 5.87%
9.02% 10.49%
2.17% 2.59%
Commercial Loan
Total Loans
3.60%
2.75%
5.72%
4.09%
6.63%
4.05%
10.16%
4.01%
11.57% 12.88% 11.97%
3.42% 4.78%
3.59%
Note : Figures on all tables Include Sharia financing
31-Mar-15
2016
2.96%
2.43%
2.85%
3.77%
4.18%
9.39%
2.39%
19
Liabilities
Total Liabilities
Funding Composition
(IDR Trillion)
(IDR Trillion)
Funding Composition
(%)
20
Deposits
Total Deposits Mix
(IDR Trillion)
Deposits
Current Account
Savings Account
Time Deposits
Total
FY 2011
13.15
14.82
34.01
61.97
FY 2012
13.27
21.54
45.88
80.69
FY 2013
19.12
24.24
52.86
96.21
FY 2014
23.23
25.55
57.70
106.48
FY 2015
31.37
30.76
65.62
127.75
Q1 2015
24.11
24.80
60.61
109.52
Q1 2016
y.o.y
32.26 33.78%
29.04 17.10%
69.87 15.28%
131.16 19.76%
CASA Composition
(%)
21
Equity (1/2)
Total Equity
(IDR Trillion)
CAR - BI
(%)
22
Equity (2/2)
2011
2012
2013
2014
2015
Mar 2015 Mar 2016
Tier - 1 Capital
Tier - 2 Capital
Capital on B/S
Securitization exposure
RWA - Credit Risk
RWA - Market Risk
RWA - Operational Risk
RWA - Total
6,584
512
7,322
127
40,940
150
5,284
46,374
9,038
582
10,279
187
46,582
182
6,557
53,321
9,879
722
11,557
247
57,749
284
8,229
66,262
10,736
797
12,253
362
66,251
226
9,856
76,333
12,172
1,721
13,860
344
70,474
223
11,185
81,882
10,492
1,711
12,474
360
69,645
258
11,185
81,088
12,465
1,751
14,394
356
72,840
409
12,899
86,148
CAR Tier – 1/(RWA Credit + Market Risk)
16.02%
19.33%
17.02% 16.15% 17.22%
15.01%
17.02%
CAR Tier – 1/(RWA Credit + Market + Ops
Risk)
14.20%
16.95%
14.91% 14.07% 14.87%
12.94%
14.47%
CAR B/S/(RWA Credit + Market Risk)
17.82%
21.98%
19.91% 18.43% 19.60%
17.84%
19.65%
CAR B/S/(RWA Credit + Market + Ops Risk)
15.79%
19.28%
17.44% 16.05% 16.93%
15.38%
16.71%
CAR BI ((Tier 1+2)/(RWA Credit + Market Risk))
16.96%
20.17%
17.84% 16.81% 19.65%
17.46%
19.41%
CAR BI ((Tier 1+2)/(RWA Credit + Ops Risk))
15.08%
17.75%
15.69% 14.68% 17.01%
15.10%
16.58%
CAR BI ((Tier 1+2)/(RWA Credit + Market +
Ops Risk))
15.03%
17.69%
15.62% 14.64% 16.97%
15.05%
16.50%
*)
*) Equity and CAR calculation have been adjusted with PBI No.15/12/PBI/2013 on Minimum Capital Requirement for Commercial Banks
23
Income Statement
(IDR Billion)
FY 2011
Interest Income
Interest Expense
Net Interest Income
Other Operating Income
Other Operating Expense
Profit From Operating
Non Operating Income (Expense)
Profit Before Tax
Net Profit
7,791
(4,000)
3,791
571
(2,836)
1,526
(3)
1,522
1,119
FY 2012
9,106
(4,379)
4,726
577
(3,438)
1,865
(8)
1,857
1,364
FY 2013
11,197
(5,558)
5,639
798
(4,301)
2,136
5
2,141
1,562
FY 2014
13,374
(7,893)
5,482
923
(4,828)
1,577
2
1,579
1,146
FY 2015
15,567
(8,700)
6,867
1,132
(5,465)
2,534
8
2,542
1,851
Q1 2015
3,609
(2,055)
1,554
244
(1,241)
558
5
563
402
Q1 2016
4,191
(2,404)
1,787
282
(1,380)
689
(3)
687
491
y.o.y
16.12%
16.98%
14.99%
15.58%
11.23%
23.60%
-151.91%
22.08%
22.08%
24
Interest Income Composition
(IDR Billion)
FY2011 FY2012 FY2013 FY2014 FY2015 Q1 2015 Q1 2016
Placement with Bank Indonesia
Placement with other bank
Securities
Loan
Income from Syariah
Total
Y.o.Y
30
50
556
6,735
420
46
52
534
7,901
573
74
63
726
9,605
729
81
40
982
11,353
919
107
37
858
13,523
1,042
22
3
222
3,119
244
35
14
239
3,618
285
63.25%
340.96%
7.76%
16.00%
16.79%
7,791
9,106
11,197
13,374
15,567
3,609
4,191
16.12%
25
Interest Expense Composition
(IDR Billion)
FY2011 FY2012 FY2013 FY2014 FY2015 Q1 2015 Q1 2016
Bank Indonesia
Deposits from other Banks
Deposits from Non Banks
Securities Issued
Fund Borrowings
Others
Total
12
29
2,935
543
197
284
4,000
8
20
3,118
674
400
159
4,379
5
39
4,082
826
450
157
5,558
2
84
6,290
787
529
201
7,893
1
328
6,750
883
516
222
8,700
0.32
70
1,602
185
127
72
2,055
Y.o.Y
-100.00%
91
31.43%
1,837
14.72%
259
39.43%
175
38.54%
41 -42.25%
2,404
16.98%
26
Other Operating Income Composition
(IDR Billion)
FY2011 FY2012 FY2013 FY2014 FY2015 Q1 2015 Q1 2016
Marked to market
Gain
Reversal on Provisions
Commissions, Services & Admin Fee *)
Others *)
Total
Y.o.Y
3
40
58
8
461
9
17
11
541
17
32
8
31
709
7
112
5
496
303
170
8
596
358
20
23
0
131
69
20
1.12%
48 104.56%
-100.00%
141
7.31%
73
6.10%
571
577
798
923
1,132
244
282
15.58%
*) Reclassified
27
Other Operating Expense Composition
(IDR Billion)
FY2011 FY2012 FY2013 FY2014 FY2015 Q1 2015 Q1 2016
Provisions
Salaries & Employee Benefit
Electricity, Telp, Office Supp.
Others *)
Rent, Service & Maintenance
Depreciation
Promotion
Collector Fees & Consultan
Insurance Premium
Training
Research & Development
Other Taxes
Gain
Marked to Market
Total
109
893
320
286
350
212
197
258
119
81
2
7
1
2,836
214
978
384
355
376
267
275
313
145
117
4
11
0
3,438
441
1,161
365
337
482
279
411
386
175
110
4
6
1
144
4,301
777
1,260
494
227
542
226
509
451
217
107
6
8
3
0
4,828
901
1,459
591
422
563
196
417
544
245
106
7
8
4
0
5,465
189
369
123
83
111
42
105
131
61
23
1
1
0
0
1,241
Y.o.Y
137 -27.80%
445
20.51%
111
-9.41%
143
71.69%
151
36.64%
46
8.36%
89 -15.26%
154
18.10%
80
29.68%
20 -14.34%
3 153.66%
1
9.96%
-100.00%
0
-85%
1,380
11.23%
28
Key Financial Ratios (1/4)
Net Income
(IDR Billion)
Net Interest Margin
Cost Income Ratio *)
Note : *) Reclassified
29
Key Financial Ratios (2/4)
ROA1– before tax
ROA2– after tax
1Calculated
2Calculated
based on income before income tax (include tax benefit and extraordinary item)/ average total assets based on Bank Indonesia regulation
based on net profit/average total assets
30
Key Financial Ratios (3/4)
ROE3 – tier 1 capital
ROE4 – balance sheet
15.28%
3Calculated
4Calculated
13.52%
based on net profit/average Tier 1 capital based on Bank Indonesia regulation
based on net profit/total stakeholder’s equity
31
Key Financial Ratios (4/4)
Loan-to-Deposit Ratio
Loan-to-Funding Ratio
*) Calculated based on SE BI No 17/17/DKMP dated 26 June 2015 Re: Reserve Requirement Calculation for Commercial Banks
32
3. Sharia Business
33
Sharia Business
Sharia Assets
Sharia Deposits
(IDR Billion)
(IDR Billion)
Sharia Net Profit
Sharia Financings
(IDR Billion)
(IDR Billion)
34
4. Appendices
35
Shares Information
Share Ownerships Composition as of March 31, 2016
Ownership
# of Shares
%
GOI
6,354,000,000
60.00%
Public
4,236,000,000
40.00%
1,599,734,705
2,636,265,295
15.11%
- Domestic
- Foreign
Total
10,590,000,000
24.89%
100.00%
Public Share Ownerships
Period
Q1 2016
Q1 2015
%
Opening
1,300
1,205
7.88%
Lowest
1,280
980
30.61%
Highest
1,865
1,270
46.85%
Average Volume
PBV (x)
(Lots)
1,745
276,471
1.28
1,255
597,859
1.07
39.04%
-53.76%
19.99%
Closing
BVPS
1,359
1,180
15.15%
Market Cap
(IDR Million)
18,479,550
13,262,840
39.33%
• IPO by listed on IDX on 17 December 2009 at IDR800 per
share
• Rights issue successfully done in November 2012 by issuing
additional 1.512.857.500 new shares
• Market cap as of March 31, 2016 was IDR 18.5 Trillion
36
Kalimantan
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
Outlets
Sumatera
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
1
11
34
58
6
6
700
240
5
10
18
2
4
299
85
Sulawesi
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
1
5
13
18
2
2
126
92
Papua & Maluku
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
3
3
2
61
22
I N D O N E S I A
Jawa
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
2
38
158
375
40
25
1,624
1,345
Bali & Nusa Tenggara
Regional Offices
Branch Offices
3
Sub Branch Offices
5
Cash Outlets
8
Sharia Outlets
Priority Outlet
2
Post Offices
141
ATMs
46
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Total Outlets
Post Offices
ATMs
Employees
2011
2
65
218
316
39
7
647
2,738
1,181
6,337
2012
3
65
223
415
50
13
769
2,922
1,404
7,142
2013
3
65
223
479
50
23
843
2,922
1,504
8,011
2014
3
65
223
479
50
34
854
2,951
1,830
8,582
2015 Q1 2016
4
4
65
65
223
223
479
479
50
50
39
39
860
860
2,951 2,951
1,830 1,830
37
9,042 9,059
THANK YOU
________________
Investor Relations
PT Bank Tabungan Negara (Persero) Tbk
Menara BTN Lt. 20 - Jl Gajah Mada No. 1
Jakarta Pusat 10130
Telp : +62 21 63870142 / +62 21 63870107
Facs: +62 21 63870104
Email : investor_ relations@btn.co.id
Website : www.btn.co.id
38