Analyst Meeting per 30 September 2017
ANALYST MEETING
PT Bank Tabungan Negara (Persero) Tbk.
Business & Financial Performances
as of September 30, 2017
Jakarta, October 23rd 2017
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”).
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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
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2
Outline
Page
Macroeconomy
4
BBTN vs Industry
8
3Q17 Summary
11
Performance Overview
14
Sharia Business
39
Appendices
42
3
1. Macroeconomy
4
Macroeconomy:
Manageable Inflation & Lower Benchmark Rate
Lower Benchmark Rate
Robust Economic Growth
• September inflation was manageable at 3.72%
(yoy), still within BI’s target of 4±1%.
• Economic momentum was maintained in
2Q17, with 5.01% (yoy) GDP growth.
• Bank Indonesia cut its policy rate twice by 50bps
during 3Q17, bringing the BI 7-Day RR Rate to
4.25%.
• Economic growth is predicted to improve in the
second half of 2017, on the back of export and
investment performance.
5
Banking System:
Loan was Limited, Decelerated Deposit Growth
Weak Loan Growth
Relatively Flat Trend of NPL
Loan growth still limited at 8.3% (yoy) in Aug
2017 after showing an increasing trend since
early 2017. Meanwhile, deposit growth
decelerated to 9.6% (yoy) in Aug 2017.
NPL gross recorded at 3.0% in Aug 2017,
experienced a flat trend during the last three
months.
6
Housing Industry:
Slower Growth of Residential Property Prices
Residential Property Price Index
• Residential Property Price Index in 2Q17
decelerated quarterly from 1.23% (qtq) to
1.18% (qtq) but grew annually at 3.17%
(yoy), up from 2.62% (yoy).
Growth of Property Sales (% qtq)
• Residential property sales decelerated from
4.16% (qtq) to 3.61% (qtq) in line with
limited demand for houses.
• The rising prices affected all property types,
especially small houses.
Source: Bank Indonesia – Residential Property Survey for Primary House
7
2. BBTN vs Industry
8
Loan & Deposit Growth
Robust Loan Growth
In Sep 2017, BBTN Loan grew by 19.95%
(yoy), far above industry growth at 8.3% (yoy)
in Aug 2017. Its acceleration was sustained by
Subsidized Mortgages.
Decent Deposits Growth
Total Deposits of BBTN increased by 13.96%
(yoy) in Sep 2017 driven by CASA growth.
Meanwhile industry recorded at 9.6% (yoy) in
Aug 2017.
9
Mortgages & Net Profit
Solid Mortgages Growth
BBTN Mortgages grew 21.17% (yoy) in Sep
2017 while industry recorded at 9.15% (yoy) in
Jul 2017.
Strong Profitability
In 9M17, Net Profit of BBTN grew by 23.68%
(yoy), above industry growth at 17.68% (yoy) in
Aug 2017.
10
3.
3Q17 Summary
11
Bank BTN’s Achievement on 1 Million Houses Program
Loan Type
Subsidized Mortgage
Non Subsidized Mortgage
TOTAL
Target
(Unit)
504,122
161,878
666,000
Mortgage Disbursed
2017
Unit
130,015
37,039
167,054
IDR Bn
15,164
11,635
26,799
Progress as of Sep 30, 2017
Construction Loans Support in Progress
Approved
Approved
Total
prior to 2017
in 2017
Unit
87,009
84,772
171,781
IDR Bn
3,496
12,931
16,427
Unit
102,774
24,642
127,416
IDR Bn
3,542
4,176
7,718
Unit
189,783
109,414
299,197
IDR Bn
7,038
17,107
24,145
Total
Unit
319,798
146,453
466,251
IDR Bn
22,202
28,742
50,944
12
3Q17 Key Takeaways
Robust
Loan
Growth
Sufficient
Liquidity
Solid
Profitability
Improved
Asset
Quality
• Loan growth was 19.95% (yoy), supported by the government program of 1 million houses
• Subsidized mortgage demand remained strong with 30.78% (yoy) growth
• Sustaining the leadership of mortgage in Indonesia by 35.62% & holding 96.69% of national
subsidized mortgage disbursement
• Deposits rose by 13.96% (yoy) driven by CASA growth
• LCR was sufficient at 154.56%
• Wholesale funding of Rp14.385 trn from NCD, bilateral loans and bonds issuance
• Net profit increased by 23.68% (yoy)
• Net interest income raised by 16.95% (yoy), fee income grew by 35.50% (yoy)
• NPL gradually improved to 3.07%, lower than 3.60% in Sep 2016
• NPL on subsidized mortgage continued to improve, while construction & commercial
loans significantly got better
13
4. Performance Overview
14
Financial Highlight
(IDR Billion)
FY 2012
Total Asset
Total Loan & Financing
Total Deposits
Equity
Net Profit
Earning per Share (IDR)
CAR (Tier 1)
CAR (BI)
NPL (Gross)
NPL (Nett)
NIM
CIR
COVERAGE RATIO
ROE
ROA
LDR
LCR
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%
165.98%
FY 2016
214,168
164,446
160,192
19,131
2,619
247
16.54%
20.34%
2.84%
1.85%
4.98%
48.41%
45.25%
18.35%
1.76%
102.66%
163.87%
3Q 2016
197,294
153,814
147,471
18,151
1,621
153
16.50%
20.60%
3.60%
2.40%
4.59%
52.28%
39.24%
15.76%
1.59%
104.30%
182.58%
3Q 2017
231,935
184,502
168,054
20,590
2,005
189
14.01%
16.97%
3.07%
2.06%
4.49%
52.90%
40.01%
16.34%
1.56%
109.79%
154.56%
y.o.y
17.56%
19.95%
13.96%
13.44%
23.68%
23.68%
15
Balance Sheet
(IDR Billion)
FY 2012
FY 2013
FY 2014
FY 2015
FY 2016
3Q 2016
3Q 2017
y.o.y
Total Assets
Total Earning Assets
- Term Deposit with BI
- Loans and Financing
- Securities
- Other Earning Assets
Provision on Earning Asset
Others
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
171,808
157,049
7,529
138,956
10,001
562
(2,064)
16,823
214,168
195,780
17,581
164,446
12,785
968
(2,132)
20,520
197,294
179,765
5,911
153,814
18,776
1,264
(2,189)
19,718
17.56%
231,935
15.56%
207,729
4,132 -30.10%
19.95%
184,502
16,092 -14.29%
3,003 137.52%
4.36%
(2,284)
34.34%
26,490
Deposits
Securities Issued
Deposits from Other Banks
Repurchase Agreements
Borrowings
Others
Equity
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
127,746
10,937
3,255
2,135
7,725
6,151
13,860
160,192
12,935
5,459
1,385
7,999
7,068
19,131
147,471
12,935
2,212
1,402
8,448
6,676
18,151
13.96%
168,054
38.63%
17,931
5,825 163.34%
-0.05%
1,401
20.13%
10,148
19.62%
7,985
13.44%
20,590
16
Asset Composition
Total Assets
(IDR Trillion)
Assets Composition
(%)
17
Earning Asset Composition
Total Earning Asset
Earning Asset Composition
(IDR Trillion)
(%)
18
Loans Composition: Focused on Housing Loans
31-Dec-12
Loans Type
Housing Loans
IDR Bn
Shares
31-Dec-13
IDR Bn
Shares
31-Dec-14
IDR Bn
31-Dec-15
Shares
IDR Bn
Shares
31-Dec-16
IDR Bn
Shares
30-Sep-16
IDR Bn
Shares
30-Sep-17
IDR Bn
Shares
y.o.y
70,223
86.26%
87,005
86.60%
102,614
88.52%
124,927
89.90%
147,948
89.97%
140,104
91.09%
167,168
90.61%
19.32%
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%
56,835
60,469
8,723
21,921
34.56%
36.77%
5.30%
13.33%
52,260
58,594
8,691
20,560
33.98%
38.09%
5.65%
13.37%
68,347
65,971
8,618
24,233
37.04%
35.76%
4.67%
13.13%
30.78%
12.59%
-0.85%
17.87%
Non-Housing Loans
11,187
13.74%
13,463
13.40%
13,302
11.48%
14,029
10.10%
16,498
10.03%
13,710
8.91%
17,334
9.39%
26.44%
Consumer Loan
Commercial Loan
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%
4,738
11,761
2.88%
7.15%
3,712
9,997
2.41%
6.50%
4,078
13,256
2.21%
7.18%
9.85%
32.59%
184,502 100.00%
19.95%
Subsidized Mortgages
Non-Subsidized Mortgages
Other Housing Loans
Construction Loan
Total Loans
81,411 100.00%
100,467 100.00%
115,916 100.00%
138,956 100.00%
164,446 100.00%
153,814 100.00%
Gross Loan
Housing and Non-Housing Loans
(IDR Trillion)
(%)
Note : Figures on all graphs Include Sharia financing
19
Mortgages: Growth Remained Strong
Total Mortgages
Mortgage Composition
(IDR Billion)
(%)
Subsidized Mortgages
Non Subsidized Mortgages
(IDR Billion)
(IDR Billion)
Note : Figures on all graphs Include Sharia financing
20
Loan Disbursement: Mainly Driven by Subsidized Mortgages
IDR Trillion
IDR Billion
Loans Type
FY 2012
FY 2013
FY 2014
FY 2015
FY 2016
9 Months of
2016
2017
y.o.y
IDR Bio
Housing Loans
Subsidized Mortgages
Non-Subsidized Mortgages
Other Housing
Construction Loan
Non-Housing Loans
Consumer Loan
Commercial Loan
Total Loans
28,041
4,213
12,479
33,955
6,506
14,286
34,029
7,960
12,629
41,812
12,771
13,404
47,216
17,527
14,315
31,552
11,754
9,634
38,628
15,164
11,635
22.43%
29.01%
20.77%
2,659
8,690
9,679
1,809
7,870
2,500
10,663
10,338
2,389
7,949
2,416
11,023
7,569
2,564
5,005
2,418
13,219
9,434
4,268
5,166
1,823
13,551
12,043
4,779
7,264
1,269
8,895
6,411
2,934
3,477
1,375
10,455
10,401
4,474
5,927
8.36%
17.53%
62.25%
52.49%
70.49%
37,720
44,293
41,598
51,246
59,259
37,962
49,030
29.15%
Note : Figures on graph and table Include Sharia financing
21
Loan Quality: NPL Continues to Improve
Gross NPL
Net NPL
(%)
(%)
Note : Figures on all graphs Include Sharia financing
22
Loan Quality Breakdown: Better Commercial Loans
31-Dec-12
Collectibility
Current
Special Mentioned
PL
Substandard
Doubtful
Loss
NPL
PL + NPL
NPL Gross
NPL Netto
IDR Bn
Share
31-Dec-13
IDR Bn
Share
31-Dec-14
IDR Bn
31-Dec-15
Share
IDR Bn
Share
31-Dec-16
IDR Bn
Share
30-Sep-16
IDR Bn
Share
30-Sep-17
IDR Bn
Share
68,420 84.04%
84,301 83.91%
95,262 82.18% 116,887 84.12% 142,963 86.94% 129,549 84.22% 157,241 85.22%
9,665 11.87%
12,101 12.04%
16,004 13.81%
17,316 12.46%
16,807 10.22%
18,728 12.18%
21,589 11.70%
78,085 95.91%
96,402 95.95% 111,266 95.99% 134,203 96.58% 159,770 97.16% 148,278 96.40% 178,830 96.93%
686
0.84%
458
0.46%
338
0.29%
250
0.18%
260
0.16%
653
0.42%
465
0.25%
542
0.67%
457
0.45%
454
0.39%
359
0.26%
333
0.20%
650
0.42%
565
0.31%
2,098
2.58%
3,151
3.14%
3,859
3.33%
4,144
2.98%
4,083
2.48%
4,234
2.75%
4,642
2.52%
3,326
4.09%
4,066
4.05%
4,650
4.01%
4,753
3.42%
4,676
2.84%
5,536
3.60%
5,672
3.07%
81,411 100.00% 100,467 100.00% 115,916 100.00% 138,956 100.00% 164,446 100.00% 153,814 100.00% 184,502 100.00%
4.09%
4.05%
4.01%
3.42%
2.84%
3.60%
3.07%
3.12%
3.04%
2.76%
2.11%
1.85%
2.40%
2.06%
Loan Type
(Gross)
Housing Loans
Subsidized Mortgage
Non-Subsidized Mortgage
Other Housing Loans
Construction Loan
Non-Housing Loans
Consumer Loan
Commercial Loan
Total Loans
31-Dec
31-Dec
31-Dec
31-Dec
31-Dec
30-Sep
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
2.79%
2.48%
2.57%
3.44%
3.81%
9.02%
2.17%
2016
2.36%
1.52%
2.65%
3.59%
3.21%
7.14%
1.35%
2016
2.93%
2.05%
3.00%
4.17%
4.44%
10.32%
2.54%
2017
2.69%
1.49%
3.35%
4.63%
3.53%
6.78%
1.73%
5.72%
4.09%
6.63%
4.05%
10.16%
4.01%
11.57%
3.42%
9.44%
2.84%
13.16%
3.60%
8.87%
3.07%
Note : Figures on all tables Include Sharia financing
23
Special-Mentioned Loan
Special-Mentioned Loan
Special-Mentioned by Loan Type
(%)
(%)
Note : Figures Include Sharia financing
24
Restructured Loan
Restructured Loan in 9M17
Restructured Loan by Quality in 9M17
(IDR Billion)
(%)
Restructured Loan Outstanding
(IDR Billion)
Note : Figures Include Sharia financing
25
Liabilities: Sufficient to Support Loan Growth
Total Liabilities
Funding Composition
(IDR Trillion)
(IDR Trillion)
Funding Composition
(%)
26
Deposits: Boost from CASA
Total Deposits Mix
(IDR Trillion)
Deposits
FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 3Q2016 3Q2017
Current Account
13.27
19.12
23.23
31.37
45.85
38.16
44.51
Savings Account
21.54
24.24
25.55
30.76
34.83
29.08
37.17
Time Deposits
45.88
52.86
57.70
65.62
79.52
80.24
86.38
Total
80.69
96.21 106.48 127.75 160.19 147.47 168.05
y.o.y
16.65%
27.83%
7.65%
13.96%
CASA Composition
(%)
27
Equity (1/2)
Total Equity
(IDR Trillion)
CAR - BI
(%)
28
Equity (2/2)
2012
2013
2014
2015
2016
Sep-16
Sep-17
9,038
582
10,279
46,582
182
6,557
53,321
9,879
722
11,557
57,749
284
8,229
66,262
10,736
797
12,253
66,251
226
9,856
76,333
12,172
1,721
13,860
70,474
223
11,185
81,882
16,444
3,776
19,131
86,189
344
12,899
99,432
15,489
3,854
18,151
80,413
583
12,899
93,896
16,784
3,547
20,590
103,804
1,042
14,934
119,780
16.95%
14.91%
14.07%
14.87%
16.54%
16.50%
14.01%
CAR B/S/(RWA Credit + Market Risk)
21.98%
19.91%
18.43%
19.60%
22.11%
22.41%
19.64%
CAR B/S/(RWA Credit + Market + Ops Risk)
19.28%
17.44%
16.05%
16.93%
19.24%
19.33%
17.19%
CAR BI ((Tier 1+2)/(RWA Credit + Market Risk))
20.17%
17.84%
16.81%
19.65%
23.37%
23.88%
19.39%
CAR BI ((Tier 1+2)/(RWA Credit + Ops Risk))
17.75%
15.69%
14.68%
17.01%
20.41%
20.73%
17.12%
CAR BI ((Tier 1+2)/(RWA Credit + Market +
Ops Risk))
17.69%
15.62%
14.64%
16.97%
20.34%
20.60%
16.97%
2.10%
3.80%
4.10%
2.96%
Capital Conservation Buffer
0.63%
0.63%
1.25%
Countercyclical Buffer
0.00%
0.00%
0.00%
Capital Surcharge (D-SIB)
0.25%
0.25%
0.50%
Tier - 1 Capital
Tier - 2 Capital
Capital on B/S
RWA - Credit Risk
RWA - Market Risk
RWA - Operational Risk
RWA - Total
CAR Tier – 1/(RWA Credit + Market + Ops
Risk)
CAR Tier – 2
29
Income Statement
(IDR Billion)
FY 2012
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
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
FY 2016
17,852
(9,600)
8,252
1,285
(6,184)
3,352
(22)
3,330
2,619
3Q 2016
12,817
(7,219)
5,598
892
(4,294)
2,197
(7)
2,190
1,621
3Q 2017
14,431
(7,884)
6,547
1,209
(5,169)
2,587
(8)
2,579
2,005
y.o.y
12.59%
9.21%
16.95%
35.50%
20.38%
17.79%
15.49%
17.79%
23.68%
30
Interest Income Composition
(IDR Billion)
FY2012 FY2013 FY2014 FY2015 FY2016 9M2016 9M2017
Placement with Bank Indonesia
Placement with other bank
Securities
Loan
Income from Syariah
Total
Y.o.Y
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
111
56
971
15,458
1,256
88
45
719
11,098
867
109 23.45%
14 -68.63%
721
0.33%
12,510 12.72%
1,077 24.23%
9,106
11,197
13,374
15,567
17,852
12,817
14,431
12.59%
31
Interest Expense Composition
(IDR Billion)
FY2012 FY2013 FY2014 FY2015 FY2016 9M2016 9M2017
Bank Indonesia
Deposits from other Banks
Deposits from Non Banks
Securities Issued
Fund Borrowings
Others
Total
Y.o.Y
8
20
3,118
674
400
159
5
39
4,082
826
450
157
2
84
6,290
787
529
201
1.06
328
6,750
883
516
222
285
7,363
1,088
718
147
248
5,501
796
551
123
298 20.30%
5,920
7.62%
968 21.69%
626 13.55%
71 -42.04%
4,379
5,558
7,893
8,700
9,600
7,219
7,884
9.21%
32
Other Operating Income Composition
(IDR Billion)
FY2012 FY2013 FY2014 FY2015 FY2016 9M2016 9M2017
Y.o.Y
Marked to market
Gain
Reversal on Provisions
Commissions, Services & Admin Fee *)
Others *)
9
17
11
541
17
32
8
31
709
7
112
5
496
303
170
7.51
596
358
10
273
0.10
656
347
54
171
0.04
447
220
50
310
1.45
616
231
-7.78%
81.69%
3796.01%
37.93%
4.70%
Total
577
798
923
1,132
1,285
892
1,209
35.50%
*) Reclassified
33
Other Operating Expense Composition
(IDR Billion)
FY2012 FY2013 FY2014 FY2015 FY2016 9M2016 9M2017
Provisions
Salaries & Employee Benefit
Electricity, Telp, Office Supp.
Others
Rent, Service & Maintenance
Depreciation
Promotion
Collector Fees & Consultant
Insurance Premium
Training
Research & Development
Other Taxes
Gain
Marked to Market
Allowance related to Operational Risk
Total
214
978
384
355
376
267
275
313
145
117
4
11
0
-
441
1,161
365
337
482
279
411
386
175
110
4
6
1
144
-
777
1,260
494
227
542
226
509
451
217
107
6
8
3
0.00
-
901
1,459
591
422
563
196
417
544
245
106
7
8
4
0.19
-
708
1,619
660
452
703
219
402
684
303
136
14
9
2
0.00
273.50
480
1,279
470
351
466
162
245
492
230
103
9.0
7
0.0004
-
3,438
4,301
4,828
5,465
6,184
4,294
Y.o.Y
598
24.69%
1,524
19.21%
589
25.39%
410
16.85%
559
19.90%
160
-1.29%
328
33.81%
587
19.21%
279
21.40%
116
13.11%
7.5
-16.23%
8
4.64%
1.10 259552.62%
1.61
5,169
20.38%
34
Key Financial Ratios (1/4)
Net Income
(IDR Billion)
Net Interest Margin
Cost Income Ratio *)
Note : *) Reclassified
35
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
36
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
37
Key Financial Ratios (4/4)
Loan-to-Deposit Ratio
Liquidity Coverage Ratio
38
5. Sharia Business
39
Sharia Business
Sharia Net Profit
(IDR Billion)
Sharia Assets
Sharia Deposits
(IDR Billion)
(IDR Billion)
40
Sharia Financings & NPF
Sharia Financings
Sharia Disbursement
(IDR Billion)
(IDR Billion)
Sharia NPF (Gross)
Sharia NPF (Net)
(%)
(%)
41
6. Appendices
42
Shares Information
Share Ownerships Composition as of Sep 30, 2017
Ownership
# of Shares
%
GOI
6,354,000,000
60.00%
Public
4,236,000,000
40.00%
1,271,296,075
2,964,703,925
12.00%
- Domestic
- Foreign
Total
10,590,000,000
28.00%
100.00%
Period
3Q 2017
3Q 2016
% (yoy)
Opening
2,600
1,700
52.94%
Lowest
2,320
1,690
37.28%
Highest
3,340
2,100
59.05%
Average Volume
(Lots)
3,150
160,448
1,920
225,578
-28.87%
64.06%
Closing
PBV
(x)
1.62
1.12
44.62%
BVPS
1,944
1,714
13.44%
Market Cap
(IDR Million)
33,358,500
20,332,800
64.06%
• 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 Sep 30, 2017 was IDR 33.36 Trillion
43
Outlets
Kalimantan
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
5
15
17
3
5
299
94
Sulawesi
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
1
6
14
19
3
2
126
103
Papua & Maluku
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
I N D O N E S I A
Sumatera
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
1
11
38
58
10
6
700
256
Jawa
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
3
43
166
372
49
26
1,627
1,437
Bali & Nusa Tenggara
Regional Offices
Branch Offices
3
Sub Branch Offices
6
Cash Outlets
10
Sharia Outlets
Priority Outlet
2
Post Offices
141
ATMs
50
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Total Outlets
Post Offices
ATMs
Employees
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
4
65
223
479
50
39
860
2,951
1,830
9,042
3
3
3
61
24
2016 3Q2016 3Q2017
4
4
5
65
65
71
243
228
242
477
479
479
65
54
65
40
39
41
894
869
903
2,951 2,951 2,954
1,900 1,830 1,964
9,380 9,051 10,174
44
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
45
PT Bank Tabungan Negara (Persero) Tbk.
Business & Financial Performances
as of September 30, 2017
Jakarta, October 23rd 2017
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
Macroeconomy
4
BBTN vs Industry
8
3Q17 Summary
11
Performance Overview
14
Sharia Business
39
Appendices
42
3
1. Macroeconomy
4
Macroeconomy:
Manageable Inflation & Lower Benchmark Rate
Lower Benchmark Rate
Robust Economic Growth
• September inflation was manageable at 3.72%
(yoy), still within BI’s target of 4±1%.
• Economic momentum was maintained in
2Q17, with 5.01% (yoy) GDP growth.
• Bank Indonesia cut its policy rate twice by 50bps
during 3Q17, bringing the BI 7-Day RR Rate to
4.25%.
• Economic growth is predicted to improve in the
second half of 2017, on the back of export and
investment performance.
5
Banking System:
Loan was Limited, Decelerated Deposit Growth
Weak Loan Growth
Relatively Flat Trend of NPL
Loan growth still limited at 8.3% (yoy) in Aug
2017 after showing an increasing trend since
early 2017. Meanwhile, deposit growth
decelerated to 9.6% (yoy) in Aug 2017.
NPL gross recorded at 3.0% in Aug 2017,
experienced a flat trend during the last three
months.
6
Housing Industry:
Slower Growth of Residential Property Prices
Residential Property Price Index
• Residential Property Price Index in 2Q17
decelerated quarterly from 1.23% (qtq) to
1.18% (qtq) but grew annually at 3.17%
(yoy), up from 2.62% (yoy).
Growth of Property Sales (% qtq)
• Residential property sales decelerated from
4.16% (qtq) to 3.61% (qtq) in line with
limited demand for houses.
• The rising prices affected all property types,
especially small houses.
Source: Bank Indonesia – Residential Property Survey for Primary House
7
2. BBTN vs Industry
8
Loan & Deposit Growth
Robust Loan Growth
In Sep 2017, BBTN Loan grew by 19.95%
(yoy), far above industry growth at 8.3% (yoy)
in Aug 2017. Its acceleration was sustained by
Subsidized Mortgages.
Decent Deposits Growth
Total Deposits of BBTN increased by 13.96%
(yoy) in Sep 2017 driven by CASA growth.
Meanwhile industry recorded at 9.6% (yoy) in
Aug 2017.
9
Mortgages & Net Profit
Solid Mortgages Growth
BBTN Mortgages grew 21.17% (yoy) in Sep
2017 while industry recorded at 9.15% (yoy) in
Jul 2017.
Strong Profitability
In 9M17, Net Profit of BBTN grew by 23.68%
(yoy), above industry growth at 17.68% (yoy) in
Aug 2017.
10
3.
3Q17 Summary
11
Bank BTN’s Achievement on 1 Million Houses Program
Loan Type
Subsidized Mortgage
Non Subsidized Mortgage
TOTAL
Target
(Unit)
504,122
161,878
666,000
Mortgage Disbursed
2017
Unit
130,015
37,039
167,054
IDR Bn
15,164
11,635
26,799
Progress as of Sep 30, 2017
Construction Loans Support in Progress
Approved
Approved
Total
prior to 2017
in 2017
Unit
87,009
84,772
171,781
IDR Bn
3,496
12,931
16,427
Unit
102,774
24,642
127,416
IDR Bn
3,542
4,176
7,718
Unit
189,783
109,414
299,197
IDR Bn
7,038
17,107
24,145
Total
Unit
319,798
146,453
466,251
IDR Bn
22,202
28,742
50,944
12
3Q17 Key Takeaways
Robust
Loan
Growth
Sufficient
Liquidity
Solid
Profitability
Improved
Asset
Quality
• Loan growth was 19.95% (yoy), supported by the government program of 1 million houses
• Subsidized mortgage demand remained strong with 30.78% (yoy) growth
• Sustaining the leadership of mortgage in Indonesia by 35.62% & holding 96.69% of national
subsidized mortgage disbursement
• Deposits rose by 13.96% (yoy) driven by CASA growth
• LCR was sufficient at 154.56%
• Wholesale funding of Rp14.385 trn from NCD, bilateral loans and bonds issuance
• Net profit increased by 23.68% (yoy)
• Net interest income raised by 16.95% (yoy), fee income grew by 35.50% (yoy)
• NPL gradually improved to 3.07%, lower than 3.60% in Sep 2016
• NPL on subsidized mortgage continued to improve, while construction & commercial
loans significantly got better
13
4. Performance Overview
14
Financial Highlight
(IDR Billion)
FY 2012
Total Asset
Total Loan & Financing
Total Deposits
Equity
Net Profit
Earning per Share (IDR)
CAR (Tier 1)
CAR (BI)
NPL (Gross)
NPL (Nett)
NIM
CIR
COVERAGE RATIO
ROE
ROA
LDR
LCR
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%
165.98%
FY 2016
214,168
164,446
160,192
19,131
2,619
247
16.54%
20.34%
2.84%
1.85%
4.98%
48.41%
45.25%
18.35%
1.76%
102.66%
163.87%
3Q 2016
197,294
153,814
147,471
18,151
1,621
153
16.50%
20.60%
3.60%
2.40%
4.59%
52.28%
39.24%
15.76%
1.59%
104.30%
182.58%
3Q 2017
231,935
184,502
168,054
20,590
2,005
189
14.01%
16.97%
3.07%
2.06%
4.49%
52.90%
40.01%
16.34%
1.56%
109.79%
154.56%
y.o.y
17.56%
19.95%
13.96%
13.44%
23.68%
23.68%
15
Balance Sheet
(IDR Billion)
FY 2012
FY 2013
FY 2014
FY 2015
FY 2016
3Q 2016
3Q 2017
y.o.y
Total Assets
Total Earning Assets
- Term Deposit with BI
- Loans and Financing
- Securities
- Other Earning Assets
Provision on Earning Asset
Others
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
171,808
157,049
7,529
138,956
10,001
562
(2,064)
16,823
214,168
195,780
17,581
164,446
12,785
968
(2,132)
20,520
197,294
179,765
5,911
153,814
18,776
1,264
(2,189)
19,718
17.56%
231,935
15.56%
207,729
4,132 -30.10%
19.95%
184,502
16,092 -14.29%
3,003 137.52%
4.36%
(2,284)
34.34%
26,490
Deposits
Securities Issued
Deposits from Other Banks
Repurchase Agreements
Borrowings
Others
Equity
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
127,746
10,937
3,255
2,135
7,725
6,151
13,860
160,192
12,935
5,459
1,385
7,999
7,068
19,131
147,471
12,935
2,212
1,402
8,448
6,676
18,151
13.96%
168,054
38.63%
17,931
5,825 163.34%
-0.05%
1,401
20.13%
10,148
19.62%
7,985
13.44%
20,590
16
Asset Composition
Total Assets
(IDR Trillion)
Assets Composition
(%)
17
Earning Asset Composition
Total Earning Asset
Earning Asset Composition
(IDR Trillion)
(%)
18
Loans Composition: Focused on Housing Loans
31-Dec-12
Loans Type
Housing Loans
IDR Bn
Shares
31-Dec-13
IDR Bn
Shares
31-Dec-14
IDR Bn
31-Dec-15
Shares
IDR Bn
Shares
31-Dec-16
IDR Bn
Shares
30-Sep-16
IDR Bn
Shares
30-Sep-17
IDR Bn
Shares
y.o.y
70,223
86.26%
87,005
86.60%
102,614
88.52%
124,927
89.90%
147,948
89.97%
140,104
91.09%
167,168
90.61%
19.32%
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%
56,835
60,469
8,723
21,921
34.56%
36.77%
5.30%
13.33%
52,260
58,594
8,691
20,560
33.98%
38.09%
5.65%
13.37%
68,347
65,971
8,618
24,233
37.04%
35.76%
4.67%
13.13%
30.78%
12.59%
-0.85%
17.87%
Non-Housing Loans
11,187
13.74%
13,463
13.40%
13,302
11.48%
14,029
10.10%
16,498
10.03%
13,710
8.91%
17,334
9.39%
26.44%
Consumer Loan
Commercial Loan
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%
4,738
11,761
2.88%
7.15%
3,712
9,997
2.41%
6.50%
4,078
13,256
2.21%
7.18%
9.85%
32.59%
184,502 100.00%
19.95%
Subsidized Mortgages
Non-Subsidized Mortgages
Other Housing Loans
Construction Loan
Total Loans
81,411 100.00%
100,467 100.00%
115,916 100.00%
138,956 100.00%
164,446 100.00%
153,814 100.00%
Gross Loan
Housing and Non-Housing Loans
(IDR Trillion)
(%)
Note : Figures on all graphs Include Sharia financing
19
Mortgages: Growth Remained Strong
Total Mortgages
Mortgage Composition
(IDR Billion)
(%)
Subsidized Mortgages
Non Subsidized Mortgages
(IDR Billion)
(IDR Billion)
Note : Figures on all graphs Include Sharia financing
20
Loan Disbursement: Mainly Driven by Subsidized Mortgages
IDR Trillion
IDR Billion
Loans Type
FY 2012
FY 2013
FY 2014
FY 2015
FY 2016
9 Months of
2016
2017
y.o.y
IDR Bio
Housing Loans
Subsidized Mortgages
Non-Subsidized Mortgages
Other Housing
Construction Loan
Non-Housing Loans
Consumer Loan
Commercial Loan
Total Loans
28,041
4,213
12,479
33,955
6,506
14,286
34,029
7,960
12,629
41,812
12,771
13,404
47,216
17,527
14,315
31,552
11,754
9,634
38,628
15,164
11,635
22.43%
29.01%
20.77%
2,659
8,690
9,679
1,809
7,870
2,500
10,663
10,338
2,389
7,949
2,416
11,023
7,569
2,564
5,005
2,418
13,219
9,434
4,268
5,166
1,823
13,551
12,043
4,779
7,264
1,269
8,895
6,411
2,934
3,477
1,375
10,455
10,401
4,474
5,927
8.36%
17.53%
62.25%
52.49%
70.49%
37,720
44,293
41,598
51,246
59,259
37,962
49,030
29.15%
Note : Figures on graph and table Include Sharia financing
21
Loan Quality: NPL Continues to Improve
Gross NPL
Net NPL
(%)
(%)
Note : Figures on all graphs Include Sharia financing
22
Loan Quality Breakdown: Better Commercial Loans
31-Dec-12
Collectibility
Current
Special Mentioned
PL
Substandard
Doubtful
Loss
NPL
PL + NPL
NPL Gross
NPL Netto
IDR Bn
Share
31-Dec-13
IDR Bn
Share
31-Dec-14
IDR Bn
31-Dec-15
Share
IDR Bn
Share
31-Dec-16
IDR Bn
Share
30-Sep-16
IDR Bn
Share
30-Sep-17
IDR Bn
Share
68,420 84.04%
84,301 83.91%
95,262 82.18% 116,887 84.12% 142,963 86.94% 129,549 84.22% 157,241 85.22%
9,665 11.87%
12,101 12.04%
16,004 13.81%
17,316 12.46%
16,807 10.22%
18,728 12.18%
21,589 11.70%
78,085 95.91%
96,402 95.95% 111,266 95.99% 134,203 96.58% 159,770 97.16% 148,278 96.40% 178,830 96.93%
686
0.84%
458
0.46%
338
0.29%
250
0.18%
260
0.16%
653
0.42%
465
0.25%
542
0.67%
457
0.45%
454
0.39%
359
0.26%
333
0.20%
650
0.42%
565
0.31%
2,098
2.58%
3,151
3.14%
3,859
3.33%
4,144
2.98%
4,083
2.48%
4,234
2.75%
4,642
2.52%
3,326
4.09%
4,066
4.05%
4,650
4.01%
4,753
3.42%
4,676
2.84%
5,536
3.60%
5,672
3.07%
81,411 100.00% 100,467 100.00% 115,916 100.00% 138,956 100.00% 164,446 100.00% 153,814 100.00% 184,502 100.00%
4.09%
4.05%
4.01%
3.42%
2.84%
3.60%
3.07%
3.12%
3.04%
2.76%
2.11%
1.85%
2.40%
2.06%
Loan Type
(Gross)
Housing Loans
Subsidized Mortgage
Non-Subsidized Mortgage
Other Housing Loans
Construction Loan
Non-Housing Loans
Consumer Loan
Commercial Loan
Total Loans
31-Dec
31-Dec
31-Dec
31-Dec
31-Dec
30-Sep
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
2.79%
2.48%
2.57%
3.44%
3.81%
9.02%
2.17%
2016
2.36%
1.52%
2.65%
3.59%
3.21%
7.14%
1.35%
2016
2.93%
2.05%
3.00%
4.17%
4.44%
10.32%
2.54%
2017
2.69%
1.49%
3.35%
4.63%
3.53%
6.78%
1.73%
5.72%
4.09%
6.63%
4.05%
10.16%
4.01%
11.57%
3.42%
9.44%
2.84%
13.16%
3.60%
8.87%
3.07%
Note : Figures on all tables Include Sharia financing
23
Special-Mentioned Loan
Special-Mentioned Loan
Special-Mentioned by Loan Type
(%)
(%)
Note : Figures Include Sharia financing
24
Restructured Loan
Restructured Loan in 9M17
Restructured Loan by Quality in 9M17
(IDR Billion)
(%)
Restructured Loan Outstanding
(IDR Billion)
Note : Figures Include Sharia financing
25
Liabilities: Sufficient to Support Loan Growth
Total Liabilities
Funding Composition
(IDR Trillion)
(IDR Trillion)
Funding Composition
(%)
26
Deposits: Boost from CASA
Total Deposits Mix
(IDR Trillion)
Deposits
FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 3Q2016 3Q2017
Current Account
13.27
19.12
23.23
31.37
45.85
38.16
44.51
Savings Account
21.54
24.24
25.55
30.76
34.83
29.08
37.17
Time Deposits
45.88
52.86
57.70
65.62
79.52
80.24
86.38
Total
80.69
96.21 106.48 127.75 160.19 147.47 168.05
y.o.y
16.65%
27.83%
7.65%
13.96%
CASA Composition
(%)
27
Equity (1/2)
Total Equity
(IDR Trillion)
CAR - BI
(%)
28
Equity (2/2)
2012
2013
2014
2015
2016
Sep-16
Sep-17
9,038
582
10,279
46,582
182
6,557
53,321
9,879
722
11,557
57,749
284
8,229
66,262
10,736
797
12,253
66,251
226
9,856
76,333
12,172
1,721
13,860
70,474
223
11,185
81,882
16,444
3,776
19,131
86,189
344
12,899
99,432
15,489
3,854
18,151
80,413
583
12,899
93,896
16,784
3,547
20,590
103,804
1,042
14,934
119,780
16.95%
14.91%
14.07%
14.87%
16.54%
16.50%
14.01%
CAR B/S/(RWA Credit + Market Risk)
21.98%
19.91%
18.43%
19.60%
22.11%
22.41%
19.64%
CAR B/S/(RWA Credit + Market + Ops Risk)
19.28%
17.44%
16.05%
16.93%
19.24%
19.33%
17.19%
CAR BI ((Tier 1+2)/(RWA Credit + Market Risk))
20.17%
17.84%
16.81%
19.65%
23.37%
23.88%
19.39%
CAR BI ((Tier 1+2)/(RWA Credit + Ops Risk))
17.75%
15.69%
14.68%
17.01%
20.41%
20.73%
17.12%
CAR BI ((Tier 1+2)/(RWA Credit + Market +
Ops Risk))
17.69%
15.62%
14.64%
16.97%
20.34%
20.60%
16.97%
2.10%
3.80%
4.10%
2.96%
Capital Conservation Buffer
0.63%
0.63%
1.25%
Countercyclical Buffer
0.00%
0.00%
0.00%
Capital Surcharge (D-SIB)
0.25%
0.25%
0.50%
Tier - 1 Capital
Tier - 2 Capital
Capital on B/S
RWA - Credit Risk
RWA - Market Risk
RWA - Operational Risk
RWA - Total
CAR Tier – 1/(RWA Credit + Market + Ops
Risk)
CAR Tier – 2
29
Income Statement
(IDR Billion)
FY 2012
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
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
FY 2016
17,852
(9,600)
8,252
1,285
(6,184)
3,352
(22)
3,330
2,619
3Q 2016
12,817
(7,219)
5,598
892
(4,294)
2,197
(7)
2,190
1,621
3Q 2017
14,431
(7,884)
6,547
1,209
(5,169)
2,587
(8)
2,579
2,005
y.o.y
12.59%
9.21%
16.95%
35.50%
20.38%
17.79%
15.49%
17.79%
23.68%
30
Interest Income Composition
(IDR Billion)
FY2012 FY2013 FY2014 FY2015 FY2016 9M2016 9M2017
Placement with Bank Indonesia
Placement with other bank
Securities
Loan
Income from Syariah
Total
Y.o.Y
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
111
56
971
15,458
1,256
88
45
719
11,098
867
109 23.45%
14 -68.63%
721
0.33%
12,510 12.72%
1,077 24.23%
9,106
11,197
13,374
15,567
17,852
12,817
14,431
12.59%
31
Interest Expense Composition
(IDR Billion)
FY2012 FY2013 FY2014 FY2015 FY2016 9M2016 9M2017
Bank Indonesia
Deposits from other Banks
Deposits from Non Banks
Securities Issued
Fund Borrowings
Others
Total
Y.o.Y
8
20
3,118
674
400
159
5
39
4,082
826
450
157
2
84
6,290
787
529
201
1.06
328
6,750
883
516
222
285
7,363
1,088
718
147
248
5,501
796
551
123
298 20.30%
5,920
7.62%
968 21.69%
626 13.55%
71 -42.04%
4,379
5,558
7,893
8,700
9,600
7,219
7,884
9.21%
32
Other Operating Income Composition
(IDR Billion)
FY2012 FY2013 FY2014 FY2015 FY2016 9M2016 9M2017
Y.o.Y
Marked to market
Gain
Reversal on Provisions
Commissions, Services & Admin Fee *)
Others *)
9
17
11
541
17
32
8
31
709
7
112
5
496
303
170
7.51
596
358
10
273
0.10
656
347
54
171
0.04
447
220
50
310
1.45
616
231
-7.78%
81.69%
3796.01%
37.93%
4.70%
Total
577
798
923
1,132
1,285
892
1,209
35.50%
*) Reclassified
33
Other Operating Expense Composition
(IDR Billion)
FY2012 FY2013 FY2014 FY2015 FY2016 9M2016 9M2017
Provisions
Salaries & Employee Benefit
Electricity, Telp, Office Supp.
Others
Rent, Service & Maintenance
Depreciation
Promotion
Collector Fees & Consultant
Insurance Premium
Training
Research & Development
Other Taxes
Gain
Marked to Market
Allowance related to Operational Risk
Total
214
978
384
355
376
267
275
313
145
117
4
11
0
-
441
1,161
365
337
482
279
411
386
175
110
4
6
1
144
-
777
1,260
494
227
542
226
509
451
217
107
6
8
3
0.00
-
901
1,459
591
422
563
196
417
544
245
106
7
8
4
0.19
-
708
1,619
660
452
703
219
402
684
303
136
14
9
2
0.00
273.50
480
1,279
470
351
466
162
245
492
230
103
9.0
7
0.0004
-
3,438
4,301
4,828
5,465
6,184
4,294
Y.o.Y
598
24.69%
1,524
19.21%
589
25.39%
410
16.85%
559
19.90%
160
-1.29%
328
33.81%
587
19.21%
279
21.40%
116
13.11%
7.5
-16.23%
8
4.64%
1.10 259552.62%
1.61
5,169
20.38%
34
Key Financial Ratios (1/4)
Net Income
(IDR Billion)
Net Interest Margin
Cost Income Ratio *)
Note : *) Reclassified
35
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
36
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
37
Key Financial Ratios (4/4)
Loan-to-Deposit Ratio
Liquidity Coverage Ratio
38
5. Sharia Business
39
Sharia Business
Sharia Net Profit
(IDR Billion)
Sharia Assets
Sharia Deposits
(IDR Billion)
(IDR Billion)
40
Sharia Financings & NPF
Sharia Financings
Sharia Disbursement
(IDR Billion)
(IDR Billion)
Sharia NPF (Gross)
Sharia NPF (Net)
(%)
(%)
41
6. Appendices
42
Shares Information
Share Ownerships Composition as of Sep 30, 2017
Ownership
# of Shares
%
GOI
6,354,000,000
60.00%
Public
4,236,000,000
40.00%
1,271,296,075
2,964,703,925
12.00%
- Domestic
- Foreign
Total
10,590,000,000
28.00%
100.00%
Period
3Q 2017
3Q 2016
% (yoy)
Opening
2,600
1,700
52.94%
Lowest
2,320
1,690
37.28%
Highest
3,340
2,100
59.05%
Average Volume
(Lots)
3,150
160,448
1,920
225,578
-28.87%
64.06%
Closing
PBV
(x)
1.62
1.12
44.62%
BVPS
1,944
1,714
13.44%
Market Cap
(IDR Million)
33,358,500
20,332,800
64.06%
• 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 Sep 30, 2017 was IDR 33.36 Trillion
43
Outlets
Kalimantan
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
5
15
17
3
5
299
94
Sulawesi
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
1
6
14
19
3
2
126
103
Papua & Maluku
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
I N D O N E S I A
Sumatera
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
1
11
38
58
10
6
700
256
Jawa
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
3
43
166
372
49
26
1,627
1,437
Bali & Nusa Tenggara
Regional Offices
Branch Offices
3
Sub Branch Offices
6
Cash Outlets
10
Sharia Outlets
Priority Outlet
2
Post Offices
141
ATMs
50
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Total Outlets
Post Offices
ATMs
Employees
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
4
65
223
479
50
39
860
2,951
1,830
9,042
3
3
3
61
24
2016 3Q2016 3Q2017
4
4
5
65
65
71
243
228
242
477
479
479
65
54
65
40
39
41
894
869
903
2,951 2,951 2,954
1,900 1,830 1,964
9,380 9,051 10,174
44
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
45