Analys Meeting per Oktober 2015
ANALYST MEETING
PT Bank Tabungan Negara (Persero) Tbk.
Business & Financial Performances
as of September 30, 2015
Jakarta, October 26th 2015
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
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consummation, of any transactions whether or not under contemplation.
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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 & Result Summary
4
Performance Overview
9
Sharia Bussiness
32
Appendices
34
3
Macro Economy &
1.
Result Summary
4
8.36%
8.38%
Updates on Macro Economy
Inflation
BI Rate
5.76%
5.63%
7.75%
5.72%
7.75%
7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50%
5.12%
5.01% 5.01%
6.83%
4.71% 4.67%
• September 2015 recorded deflation of 0.05%
(mtm), or inflation of 2.24% (ytd) and 6.83%
(yoy). FY 2015 target is 4±1%.
• The BI Rate was held at 7.50%. On Oct 6th, LPS
cut the maximum Rupiah and USD guaranteed
deposit rates by 25 bps, to 7.5% and 1.25%
respectively.
Jun15
Mar15
Dec14
Sep14
Mar14
Dec13
Sep13
GDP
Jun13
Sep15
7.18%
Aug15
7.26%
Jul15
7.26%
Jun15
7.15%
May15
6.79%
Apr15
6.38%
Mar15
Feb15 6.29%
Jan15
Dec14
Dec13
6.96%
5.20%
Jun14
7.50%
• Economic growth is projected to pick up in
2H2015, as public spending gathers pace.
• The government has unveiled a series of
economic stimulus packages, aimed at
attracting more investment and supporting
Rupiah.
5
Updates on Banking System
• Loan growth was still restrained in August 2015 (10.96%), while deposit grew better at 13.24%.
• NPL jumped from 2.2% in December 2014 to 2.8% in August 2015, due to slow economic
growth, as well as the depreciation of Rupiah that affect the borrowers.
13.24%
14.58%
2.35%
2.40% 2.40%
2.48%
2.58% 2.56%
Aug15
Jul15
Jun15
May15
Apr15
Mar15
Dec13
Feb15
Aug15
Jan15
10.95%
1.77%
Dec14
9.69%
2.16%
Jul15
10.37%
8.33%
Jun15
10.40%
May15
12.45%
10.42%
Apr15
14.15%
11.28%
16.04%
2.70%
NPL Gross
Mar15
15.20%
12.29%
Feb15
14.08%
11.41%
Jan15
12.29%
11.58%
Dec14
13.16%
13.32%
2.80%
Sep14
13.64%
17.20%
Deposit Growth
Jun14
11.56%
19.45%
Loan Growth
Mar14
Dec13
13.61%
21.60%
• OJK introduced 12 stimulus packages for the banking sector, including a reduction of the RWA
ratio for insured-credit programs and leniency for banks to restructure the loans.
6
Updates on Housing Industry
Residential Property Index
• The residential property price has shown
slower growth, from 1.44% (qtq) in 1Q15 to
1.38% (qtq) in 2Q2015. The sales growth also
slowed from 26.62% (qtq) to 10.84% (qtq).
• Large houses were most affected by slower
rising prices. In contrast, rising prices of small
residential properties accelerated from 1.98%
(qtq) to 2.60% (qtq) in 2Q15.
• Weaker property sales were also evident from
a decreasing of mortgages for houses and
apartments. Mortgages growth has slowed
from 21.74% in 2013, to 12.78% in 2014 and
7.98% in August 2015.
Growth of Property Sales (% qtq)
Source: Bank Indonesia – Residential Property Survey for Primary House
7
Result Summary
•
Despite of the economy slow down, BBTN recorded a satisfying result in 3Q2015.
•
Total assets grew by 16.58% (yoy) to Rp166.04 trn, mainly driven by growth on loan and deposit.
•
Total loans increased by 19.04% (yoy) to Rp131.58 trn, much higher than system’s growth of
10.96% (as of August 2015). Loan growth has been driven by Housing Loans: Subsidized and Non
Subsidized Mortgages, as well as Construction Loans. As a result, we are still sustaining the
leadership of mortgage in Indonesia by 29%.
•
BBTN has been in a very good liquidity. Deposits rose by 22.22% to Rp124.47 trn. Current
accounts marked the biggest growth at 47.63%.
•
Net profit increased by 61.80% (yoy) to Rp1.22 trn, due to lesser pressures on cosf of funds.
Interest income growth (15.73%) was exceeding interest expense (9.79%). Net interest income
grew by 24.43%, while fee income also increased by 33.01%.
•
NPL was 4.50%, improved from 4.85% in September 2014. Subsidized mortgage and construction
NPLs showed improvement.
•
NIM has gradually improved from 4.42% to 4.77% in 3Q2015.
8
2. Performance Overview
9
Financial Highlight
(IDR Billion)
FY 2010
Total Asset
Total Loan & Financing
Total Deposits
Equity
Net Profit
Earning per Share (IDR)
CAR (Tier 1)
CAR (BI)
NPL (Gross)
NPL (Net)
NIM
C I R *)
COVERAGE RATIO
ROE
ROA
LDR
Note : Reclassified
68,386
51,550
47,546
6,447
916
105
15.83%
16.74%
3.26%
2.66%
5.99%
58.34%
52.80%
16.56%
2.05%
108.42%
FY 2011
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
144,576
115,916
106,479
12,210.0
1,116
106
14.06%
14.64%
4.01%
2.79%
4.47%
57.21%
33.90%
10.66%
1.12%
108.86%
3Q 2014
142,428
110,538
101,842
11,819
755
72
13.57%
14.33%
4.85%
3.63%
4.42%
59.94%
27.55%
9.66%
1.02%
108.54%
3Q 2015
166,038
131,580
124,470
13,166
1,222
116
13.67%
15.78%
4.50%
3.18%
4.77%
52.65%
32.92%
15.13%
1.50%
105.71%
y.o.y
16.58%
19.04%
22.22%
11.40%
61.80%
61.11%
10
Balance Sheet
IDR Billion
FY 2011
FY 2012
FY 2013
FY 2014
3Q 2014
3Q 2015
y.o.y
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
144,576
132,192
1,496
115,916
13,684
1,095
(1,588)
13,972
142,428
129,773
3,365
110,538
14,720
1,149
(1,488)
14,143
166,038
16.58%
151,764
16.95%
4,173 24.00%
131,580
19.04%
15,387
4.53%
624 -45.73%
(1,962) 31.80%
16,236
14.80%
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
8,520
1,188
3,818
6,996
5,365
12,210
101,842
7,938
3,741
4,743
7,459
4,886
11,819
124,470
12,829
796
2,435
6,314
6,028
13,166
22.22%
61.61%
-78.72%
-48.65%
-15.35%
23.39%
11.40%
11
Asset Composition
Total Assets
(IDR Trillion)
166.04
144.58
142.43
131.17
111.75
89.12
68.39
Dec10
Dec11
Dec12
Dec13
Dec14
Sep14
Sep15
10.03%
10.68%
9.66%
9.93%
9.78%
Assets Composition
(%)
10.89%
9.73%
Non Earning Asset
89.11%
90.27%
89.97%
89.32%
90.34%
90.07%
90.22%
Dec10
Dec11
Dec12
Dec13
Dec14
Sep14
Sep15
Earning Asset
12
Earning Asset Composition
Total Earning Asset
Earning Asset Compositions
(IDR Trillion)
(%)
Loans & Financing
Securities
151.76
Term Deposit With BI
Other Earning Asset
132.19
Total Earning Asset Composition
118.30
0.52
Dec10
0.77
12.60
1.15
3.36
14.72
Loans &
Financing
86.70%
8.49
Dec12
Dec13
Dec14
110.54
115.92
100.47
7.85
Dec11
Securities
10.14%
15.39
10.87
81.41
51.55
0.15
2.00
8.12
0.41
4.83
13.68
129.77
9.47
63.56
61.83
101.54
1.09
1.50
Other Earning
Asset
0.41%
Sep14
131.58
81.40
0.62
4.17
Term Deposit
With BI
2.75%
Sep15
13
Loans Composition
31-Dec-12
Loans Type
Rp. Bn
Shares
Housing Loans
70,223
86.26%
Subsidized Mortgages
Non-Subsidized Mortgages
Other Housing Loans
Construction Loan
25,562
29,129
6,070
9,462
Non-Housing Loans
11,187
Consumer Loan
Commercial Loan
Total Loans
1,923
2.36%
9,264 11.38%
81,411 100.00%
31-Dec-13
Rp. Bn
31-Dec-14
30-Sep-14
Shares
Rp. Bn
Rp. Bn
Shares
87,005
86.60%
102,614
88.52%
97,944 88.61%
117,911
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%
32,268 29.19%
44,175 39.96%
7,725
6.99%
13,776 12.46%
40,080
51,530
8,868
17,433
30.46%
39.16%
6.74%
13.25%
24.21%
16.65%
14.80%
26.54%
13.74%
13,463
13.40%
13,302
11.48%
12,593 11.39%
13,669
10.39%
8.54%
2,916
2.52%
10,386
8.96%
115,916 100.00%
2,417
2.19%
10,176
9.21%
110,538 100.00%
3,182
10,486
131,580
Gross Loan
Housing and Non-Housing Loans
(IDR Trillion)
(%)
131.58
110.54
Note : Figures on all graphs Include Sharia financing
11.39%
10.39%
89.61%
Sep15
88.61%
Sep14
11.48%
88.52%
Dec14
13.40%
86.60%
Dec13
13.74%
Housing Loans
86.26%
63.56
51.55
Dec12
12.21%
2.42% 31.67%
7.97% 3.05%
100.00% 19.04%
87.79%
81.41
Dec11
9.39%
89.61% 20.39%
85.00%
100.47
Dec10
Non Housing Loans
Shares
90.61%
115.92
y.o.y
Shares
2,597
2.59%
10,865 10.81%
100,467 100.00%
Rp. Bn
30-Sep-15
Dec10
Dec11
Dec12
Dec13
Dec14
Sep14
Sep15
14
Growth in Mortgages
(IDR Billion)
(%)
Subsidized Mortgage
57.04%
Dec11
58.18%
Dec10
53.26%
Sep15
67,977
41.90%
Sep14
58.10%
Dec14
41.60%
76,443
91,610
58.40%
79,948
Non Subsidized Mortgage
56.25%
Mortgage Composition
57.79%
Total Mortgages
43.75%
Dec12
Dec13
Dec14
Sep14
Sep15
Dec14
Sep14
Dec10
Dec11
Dec12
39,548
29,129
40,080
Sep15
18,611
Dec13
32,268
Dec12
34,347
Dec11
Note : Figures on all graphs Include Sharia financing
15,635
Dec10
28,429
(IDR Billion)
25,562
(IDR Billion)
25,804
Non Subsidized Mortgages
21,945
Subsidized Mortgages
Dec13
Dec14
Sep14
51,530
42.21%
Dec13
44,175
Dec12
42.96%
Dec11
45,601
Dec10
44,415
41.82%
37,580
46.74%
54,692
Sep15
15
Loan Disbursement
2012
2013
2014
2015
12.68
Q2
Q3
14.41
9.65
10.93
9.20
5.99
5.15
9.68
12.12
9.95
6.03
5.63
7.85
9.75
6.91
4.52
4.55
Q1
11.49
12.06
10.70
11.66
2011
8.63
2010
5.74
IDR Trillion
Q4
IDR Billion
Loans Type
FY 2010
FY 2011
FY 2012
FY 2013
FY 2014
9 Months of
2014
2015
y.o.y
IDR Bio
Housing Loans
Subsidized Mortgages
Non-Subsidized Mortgages
16,954
4,727
5,324
18,789
5,896
5,340
28,041
4,213
12,479
33,955
6,506
14,286
34,029
7,960
12,629
22,694
4,799
8,808
29,145
8,285
9,693
28.42%
72.62%
10.04%
Other Housing
1,680
1,540
2,659
2,500
2,416
1,576
1,914
21.44%
Construction Loan
5,223
6,013
8,690
10,663
11,023
7,511
9,253
23.20%
Non-Housing Loans
Consumer Loan
Commercial Loan
4,117
743
3,374
6,384
900
5,484
9,679
1,809
7,870
10,338
2,389
7,949
7,569
2,564
5,005
4,496
1,193
3,303
6,294
2,330
3,964
39.98%
95.38%
19.99%
21,071
25,173
37,720
44,293
41,598
27,190
35,439
30.34%
Total Loans
Note : Figures on graph and table Include Sharia financing
16
Loan Quality (1/2)
4.01%
4.85%
4.50%
2.66%
Dec10
2009
Net NPL
4.05%
Sep15
2015
Gross NPL
4.09%
Sep14
2014
(%)
2.75%
Dec14
2013
(%)
3.26%
Dec13
2012
2.23%
Dec11
2010
Dec12
3.12%
Dec13
3.04%
2011
2.79%
Dec14
2012
2013
3.63%
Sep14
2014
3.18%
Sep15
2015
3.36%
3.38%
3.36%
2.72%
3.27%
3.43%
3.48%
2.66%
3.39%
3.65%
3.46%
2.23%
2.22%
2.42%
2.51%
3.12%
3.83%
3.65%
3.81%
3.04%
3.57%
3.83%
3.63%
2.79%
3.47%
3.37%
3.18%
Dec12
2011
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec11
2010
17
3.96%
3.97%
4.03%
3.35%
3.98%
4.12%
4.22%
3.26%
4.04%
4.35%
4.18%
2.75%
3.22%
3.46%
3.68%
4.09%
4.77%
4.63%
4.88%
4.05%
4.74%
5.01%
4.85%
4.01%
4.78%
4.70%
4.50%
Dec10
2009
Note : Figures on all graphs Include Sharia financing
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Loan Quality (2/2)
Collectibility
Current
Special Mentioned
PL
Substandard
Doubtful
Loss
NPL
PL + NPL
NPL Gross
NPL Netto
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-12
31-Dec-13
Rp. Bn
Share
Rp. Bn
Share
68,420 84.04%
84,301 83.91%
9,665 11.87%
12,101 12.04%
78,085 95.91%
96,402 95.95%
686
0.84%
458
0.46%
542
0.67%
457
0.45%
2,098
2.58%
3,151
3.14%
3,326
4.09%
4,066
4.05%
81,411 100.00% 100,467 100.00%
4.09%
4.05%
3.12%
3.04%
31-Dec-14
30-Sep-14
Rp. Bn
Share
Rp. Bn
Share
95,262 82.18%
88,631 80.18%
16,004 13.81%
16,546 14.97%
111,266 95.99% 105,176 95.15%
338
0.29%
717
0.65%
454
0.39%
668
0.60%
3,859
3.33%
3,976
3.60%
4,650
4.01%
5,362
4.85%
115,916 100.00% 110,538 100.00%
4.01%
4.85%
2.79%
3.63%
30 Sept
2014
2015
4.19% 3.76%
4.99% 3.55%
2.98% 3.31%
4.47% 4.44%
6.24% 5.26%
9.95% 10.80%
3.02% 2.69%
Portofolio
3Q2015
Shares
89.61%
30.46%
39.16%
6.74%
13.25%
10.39%
2.42%
10.16% 11.58% 13.24%
4.01%
4.85% 4.50%
7.97%
100.00%
31-Dec 31-Dec 31-Dec 31-Dec 31-Dec
2010
2011
2012
2013
2014
3.14%
2.74% 3.93%
3.80%
3.43%
3.75%
2.37% 5.00%
5.24%
3.96%
2.64%
2.88% 2.90%
2.61%
2.51%
2.53%
2.78% 3.08%
3.17%
3.47%
2.60%
3.66% 4.74%
4.75%
5.13%
4.22%
3.14% 5.08%
5.60%
8.51%
0.81%
1.30% 2.00%
2.03%
2.55%
5.26%
3.26%
Note : Figures on all tables Include Sharia financing
3.60%
2.75%
5.72%
4.09%
6.63%
4.05%
30-Sep-15
Rp. Bn
Share
106,870 81.22%
18,793 14.28%
125,663 95.50%
760
0.58%
611
0.46%
4,547
3.46%
5,917
4.50%
131,580 100.00%
4.50%
3.18%
18
Liabilities
Total Liabilities
Funding Composition
(IDR Trillion)
(IDR Trillion)
146.84
152.87
132.37
130.61
6.31
2.44
0.80
Deposits
119.61
127.00
Securities issued
Deposits from Other Banks
101.47
115.06
Repurchase Agreements
81.80
Borrowings
7.07
2.65
Total Funding
61.94
125.72
7.00
97.64
3.82
8.52
12.83
7.46
1.19
4.74
3.74
7.94
0.28
8.84
6.73
2.34 0.74
7.14
78.36
Dec10
Dec11
Dec12
Dec13
Dec14
Sep14
59.11
Funding Composition
(%)
0.54%
5.69
4.45
Sep15
5.44
0.81
124.47
3.40
3.46
0.56
4.14
4.30%
106.48
96.21
101.84
80.69
1.66%
8.74%
61.97
47.55
Deposits
Securities issued
Deposits from Other Banks
84.76%
Dec10
Dec11
Dec12
Dec13
Dec14
Sep14
Sep15
Repurchase Agreements
Borrowings
19
Deposits
Total Deposits Mix
Total Deposits
(IDR Trillion)
(IDR Trillion)
Deposits
Current Account
Savings Account
Time Deposits
Total
124.47
FY 2012 FY 2013 FY 2014 3Q 2014 3Q 2015 y.o.y
13.27
19.12
23.42
20.78
30.68 47.63%
21.54
24.24
26.17
25.82
27.25
5.55%
45.88
52.86
56.89
55.24
66.54 20.45%
80.69
96.21 106.48
101.84 124.47 22.22%
106.48
101.84
96.21
66.54
80.69
56.89
CASA Composition
61.97
55.24
52.86
(%)
TD
45.88
47.55
CASA
54.94%
53.43%
45.06%
46.57%
Dec13
53.46%
56.86%
43.14%
Dec12
Dec11
54.24%
54.88%
Dec10
45.12%
31.50
13.27
Dec14
Sep14
46.54%
5.18
45.76%
33.74%
66.26%
34.01
Sep15
19.12
23.42
20.78
30.68
13.15
10.87
14.82
21.54
24.24
26.17
25.82
27.25
Dec10
Dec11
Dec12
Dec13
Dec14
Sep14
Sep15
Savings Account
Current Account
Time Deposit
Total Deposits
20
Equity (1/2)
Total Equity
(IDR Trillion)
11.56
12.21
13.17
11.82
10.28
6.45
7.32
Dec10 Dec11 Dec12 Dec13 Dec14
Sep14 Sep15
CAR - BI
(%)
16.74%
Dec10
17.69%
15.62%
15.03%
Dec11
Dec12
Dec13
14.64%
14.33%
Dec14
Sep14
15.78%
Sep15
21
Equity (2/2)
2010
5,739
416
6,447
Sep-14
*)
2011
2012
2013
2014
Sep-15
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
12,210
362
66,251
226
9,856
76,333
10,127
564
11,819
64,566
179
9,856
74,600
11,031
1,704
13,166
69,116
403
11,185
80,704
Tier - 1 Capital
Tier - 2 Capital
Capital on B/S
Securitization exposure
RWA - Credit Risk
RWA - Market Risk
RWA - Operational Risk
RWA - Total
33,283
208
2,774
36,265
6,584
512
7,322
127
40,940
150
5,284
46,374
CAR Tier – 1/(RWA Credit + Market Risk)
17.14%
16.02%
19.33%
17.02%
16.15%
15.64%
15.87%
CAR Tier – 1/(RWA Credit + Market + Ops
Risk)
15.83%
14.20%
16.95%
14.91%
14.06%
13.57%
13.67%
CAR B/S/(RWA Credit + Market Risk)
19.25%
17.82%
21.98%
19.91%
18.37%
18.25%
18.94%
CAR B/S/(RWA Credit + Market + Ops Risk)
17.78%
15.79%
19.28%
17.44%
16.00%
15.84%
16.31%
CAR BI ((Tier 1+2)/(RWA Credit + Market Risk))
18.12%
16.96%
20.17%
17.84%
16.81%
16.51%
18.32%
CAR BI ((Tier 1+2)/(RWA Credit + Ops Risk))
16.83%
15.08%
17.75%
15.69%
14.68%
14.37%
15.86%
CAR BI ((Tier 1+2)/(RWA Credit + Market +
Ops Risk))
16.74%
15.03%
17.69%
15.62%
14.64%
14.33%
15.78%
*)
*) Equity and CAR calculation have been adjusted with PBI No.15/12/PBI/2013 on Minimum Capital Requirement for Commercial Banks
22
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
13,373
(7,893)
5,480
926
(4,860)
1,546
2
1,548
1,116
3Q 2014
9,816
(5,832)
3,984
591
(3,525)
1,050
(1)
1,049
755
3Q 2015
y.o.y
11,361
15.73%
(6,403)
9.79%
4,958
24.43%
785
33.01%
(4,024)
14.15%
1,720
63.77%
15 -1412.60%
1,735
65.39%
1,222
61.80%
23
Interest Income Composition
(IDR Billion)
FY2012 FY2013 FY2014
Placement with Bank Indonesia
Placement with other bank
Securities
Loan
Income from Syariah
Total
Sep-15
Y.o.Y
46
52
534
7,901
573
74
63
726
9,605
729
81
40
982
11,352
918
56
32
738
8,339
652
74
23
592
9,909
763
33.16%
-28.79%
-19.82%
18.83%
17.06%
9,106
11,197
13,373
9,816
11,361
15.73%
0.20%
0.65%
6.52%
Sep-14
5.21%
Placement with Bank Indonesia
87.22%
Placement with other bank
Securities
Loan
Income from Syariah
24
Interest Expense Composition
(IDR Billion)
FY2012 FY2013 FY2014
Bank Indonesia
Deposits from other Banks
Deposits from Non Banks
Securities Issued
Fund Borowings
Others
Total
8
20
3,118
674
400
159
4,379
2.76%
0.01%
5
39
4,082
826
450
157
5,558
2
83
6,291
787
529
201
7,893
Sep-14
Sep-15
2
20
4,696
599
393
123
5,832
1
130
4,966
759
370
177
6,403
Y.o.Y
-48.53%
548.41%
5.76%
26.71%
-5.90%
44.09%
9.79%
2.04%
5.77%
11.85%
Bank Indonesia
Deposits from other Banks
Deposits from Non Banks
Securities Issued
77.56%
Fund Borowings
Others
25
Other Operating Income Composition
(IDR Billion)
FY2012 FY2013 FY2014
Sep-14
Sep-15
Y.o.Y
Mark to market
Gain
Reversal on Provisions
Commissions, Services & Admin Fee *)
Others *)
9
17
11
541
17
32
8
31
709
7
115
5
30
770
12
54
5
325
195
46
122
0
417
200
280.6%
124.4%
-92.6%
28.4%
3.0%
Total
577
798
926
591
785
33.01%
*) Reclassified
5.89%
25.52%
15.47%
0.05%
Mark to market
Gain
53.08%
Reversal on Provisions
Commissions, Services &
Admin Fee
26
Other Operating Expense Composition
(IDR Billion)
FY2012 FY2013 FY2014
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
Mark to Market
Total
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
1,292
452
227
542
226
509
509
201
107
6
8
5
0
4,860
Sep-14
Sep-15
505
1,018
337
134
364
170
402
336
158
89
3.3
6.7
0.7
3,525
658
1,162
432
271
382
140
308
399
185
72
4.3
7.2
4.5
4,024
Y.o.Y
30.22%
14.13%
28.20%
102.18%
4.73%
-17.66%
-23.44%
18.70%
17.21%
-19.88%
30.07%
6.50%
#DIV/0!
-100%
14.15%
0.18%
0.11% 0.00%
0.11%
1.78%
9.92%
4.59%
16.35%
7.66%
3.48%
28.87%
9.49%
6.74%
10.73%
*) Reclass, include OJK & BMPD
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
Mark to Market
27
Key Financial Ratios (1/4)
Net Income
(IDR Billion)
1,562
1,364
1,119
1,222
1,116
916
755
Dec10
Dec11
Dec12
Dec13
Dec14
Dec12
Dec13
4.42%
Dec14
Sep14
Dec10
Dec11 *
Dec12 *
Dec13 *
Note : *) Reclassified
Dec14 *
59.94%
Sep15
Sep14 *
52.65%
4.47%
57.21%
4.77%
5.44%
50.86%
Dec11
5.83%
49.71%
Dec10
5.76%
51.66%
5.99%
Sep15
Cost Income Ratio *)
58.34%
Net Interest Margin
Sep14
Sep15 *
28
Key Financial Ratios (2/4)
ROA1– before tax
2.05%
2.03%
1.94%
1.79%
1.50%
1.12%
Dec10
Dec11
Dec12
Dec13
Dec14
1.02%
Sep14
Sep15
ROA2– after tax
1.50%
1.49%
1.42%
1.30%
1.05%
Dec10
1Calculated
2Calculated
Dec11
Dec12
Dec13
0.81%
0.74%
Dec14
Sep14
Sep15
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
29
Key Financial Ratios (3/4)
ROE3 – tier 1 capital
16.56%
17.65%
18.23%
16.05%
15.13%
10.66%
Dec10
Dec11
Dec12
Dec13
Dec14
9.66%
Sep14
Sep15
ROE4 – balance sheet
15.28%
14.07%
Dec10
3Calculated
4Calculated
13.52%
15.28%
13.27%
Dec11
Dec12
13.52%
Dec13
12.38%
9.14%
8.52%
Dec14
Sep14
based on net profit/average Tier 1 capital based on Bank Indonesia regulation
based on net profit/total stakeholder’s equity
Sep15
30
Key Financial Ratios (4/4)
Loan-to-Deposit Ratio
108.86%
108.42%
108.54%
105.71%
104.42%
102.56%
100.90%
Dec10
Dec11
Dec12
Dec13
Dec14
91.27%
Dec14
Sep14
Sep15
Loan-to-Funding Ratio
87.21%
Dec10
81.11%
83.38%
87.32%
Dec11
Dec12
Dec13
100.07%
98.83%
Sep14 *)
Sep15 *)
*) Calculated based on SE BI No 17/17/DKMP dated 26 June 2015 Re: Reserve Requirement Calculation for Commercial Banks
31
3. Sharia Business
32
Sharia Business
Sharia Assets
Sharia Deposits
(IDR Billion)
(IDR Billion)
10,495
13,183
11,145
9,571
8,747
7,906
10,530
6,593
7,664
5,757
5,056
3,817
3,402
Dec10
2,405
Dec11
Dec12
Dec13
Dec14
Sep14
Sep15
Dec10
Dec11
Dec12
Sharia Net Profit
Sharia Financings
(IDR Billion)
(IDR Billion)
Dec13
Dec14
Sep14
229.38
Sep15
10,506
202.14
9,645
196.09
9,137
8,081
140.02
135.69
6,000
4,226
76.86
2,847
35.34
Dec10
Dec11
Dec12
Dec13
Dec14
Sep14
Sep15
Dec10
Dec11
Dec12
Dec13
Dec14
Sep14
Sep15
33
4. Appendices
34
Shares Information
Public Share Ownerships
Domestic
Foreign
30-Sep 2015
Rp. 995,-
51.30%
56.54%
55.85%
48.70%
43.46%
44.15%
31-Mar-15
30-Jun-15
30-Sep-15
IPO
30-Sep-2014
Rp. 1.170,-
51.30%
100.00%
Total
55.85%
48.70%
10,582,337,724
- Foreign
31-Dec-14
44.15%
63.95%
1,866,979,367
2,361,358,357
- Domestic
36.05%
39.96%
31-Dec-13
4,228,337,724
61.24%
Public
38.76%
60.04%
31-Dec-12
6,354,000,000
61.25%
GOI
38.75%
%
40.30%
# of Shares
59.70%
Ownership
31-Dec-11
Share Ownerships Composition
• 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 30 Sep 2015 was IDR
10.53 trillion (USD 0.72 billion)
35
Outlets
Kalimantan
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
5
10
18
2
5
299
85
Sulawesi
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
-
Papua & Maluku
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
5
13
18
2
2
126
92
3
3
2
61
22
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
34
58
6
6
700
240
Jawa
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
2
38
158
375
40
22
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
2009
61
204
21
286
2,045
528
4,340
2010
1
63
214
111
26
1
416
2,661
745
5,312
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 Sep-15
3
3
65
65
223
223
479
479
50
50
34
37
854
857
2,951
2,951
1,830
1,830
36
8,582
8,814
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
37
PT Bank Tabungan Negara (Persero) Tbk.
Business & Financial Performances
as of September 30, 2015
Jakarta, October 26th 2015
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 & Result Summary
4
Performance Overview
9
Sharia Bussiness
32
Appendices
34
3
Macro Economy &
1.
Result Summary
4
8.36%
8.38%
Updates on Macro Economy
Inflation
BI Rate
5.76%
5.63%
7.75%
5.72%
7.75%
7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50%
5.12%
5.01% 5.01%
6.83%
4.71% 4.67%
• September 2015 recorded deflation of 0.05%
(mtm), or inflation of 2.24% (ytd) and 6.83%
(yoy). FY 2015 target is 4±1%.
• The BI Rate was held at 7.50%. On Oct 6th, LPS
cut the maximum Rupiah and USD guaranteed
deposit rates by 25 bps, to 7.5% and 1.25%
respectively.
Jun15
Mar15
Dec14
Sep14
Mar14
Dec13
Sep13
GDP
Jun13
Sep15
7.18%
Aug15
7.26%
Jul15
7.26%
Jun15
7.15%
May15
6.79%
Apr15
6.38%
Mar15
Feb15 6.29%
Jan15
Dec14
Dec13
6.96%
5.20%
Jun14
7.50%
• Economic growth is projected to pick up in
2H2015, as public spending gathers pace.
• The government has unveiled a series of
economic stimulus packages, aimed at
attracting more investment and supporting
Rupiah.
5
Updates on Banking System
• Loan growth was still restrained in August 2015 (10.96%), while deposit grew better at 13.24%.
• NPL jumped from 2.2% in December 2014 to 2.8% in August 2015, due to slow economic
growth, as well as the depreciation of Rupiah that affect the borrowers.
13.24%
14.58%
2.35%
2.40% 2.40%
2.48%
2.58% 2.56%
Aug15
Jul15
Jun15
May15
Apr15
Mar15
Dec13
Feb15
Aug15
Jan15
10.95%
1.77%
Dec14
9.69%
2.16%
Jul15
10.37%
8.33%
Jun15
10.40%
May15
12.45%
10.42%
Apr15
14.15%
11.28%
16.04%
2.70%
NPL Gross
Mar15
15.20%
12.29%
Feb15
14.08%
11.41%
Jan15
12.29%
11.58%
Dec14
13.16%
13.32%
2.80%
Sep14
13.64%
17.20%
Deposit Growth
Jun14
11.56%
19.45%
Loan Growth
Mar14
Dec13
13.61%
21.60%
• OJK introduced 12 stimulus packages for the banking sector, including a reduction of the RWA
ratio for insured-credit programs and leniency for banks to restructure the loans.
6
Updates on Housing Industry
Residential Property Index
• The residential property price has shown
slower growth, from 1.44% (qtq) in 1Q15 to
1.38% (qtq) in 2Q2015. The sales growth also
slowed from 26.62% (qtq) to 10.84% (qtq).
• Large houses were most affected by slower
rising prices. In contrast, rising prices of small
residential properties accelerated from 1.98%
(qtq) to 2.60% (qtq) in 2Q15.
• Weaker property sales were also evident from
a decreasing of mortgages for houses and
apartments. Mortgages growth has slowed
from 21.74% in 2013, to 12.78% in 2014 and
7.98% in August 2015.
Growth of Property Sales (% qtq)
Source: Bank Indonesia – Residential Property Survey for Primary House
7
Result Summary
•
Despite of the economy slow down, BBTN recorded a satisfying result in 3Q2015.
•
Total assets grew by 16.58% (yoy) to Rp166.04 trn, mainly driven by growth on loan and deposit.
•
Total loans increased by 19.04% (yoy) to Rp131.58 trn, much higher than system’s growth of
10.96% (as of August 2015). Loan growth has been driven by Housing Loans: Subsidized and Non
Subsidized Mortgages, as well as Construction Loans. As a result, we are still sustaining the
leadership of mortgage in Indonesia by 29%.
•
BBTN has been in a very good liquidity. Deposits rose by 22.22% to Rp124.47 trn. Current
accounts marked the biggest growth at 47.63%.
•
Net profit increased by 61.80% (yoy) to Rp1.22 trn, due to lesser pressures on cosf of funds.
Interest income growth (15.73%) was exceeding interest expense (9.79%). Net interest income
grew by 24.43%, while fee income also increased by 33.01%.
•
NPL was 4.50%, improved from 4.85% in September 2014. Subsidized mortgage and construction
NPLs showed improvement.
•
NIM has gradually improved from 4.42% to 4.77% in 3Q2015.
8
2. Performance Overview
9
Financial Highlight
(IDR Billion)
FY 2010
Total Asset
Total Loan & Financing
Total Deposits
Equity
Net Profit
Earning per Share (IDR)
CAR (Tier 1)
CAR (BI)
NPL (Gross)
NPL (Net)
NIM
C I R *)
COVERAGE RATIO
ROE
ROA
LDR
Note : Reclassified
68,386
51,550
47,546
6,447
916
105
15.83%
16.74%
3.26%
2.66%
5.99%
58.34%
52.80%
16.56%
2.05%
108.42%
FY 2011
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
144,576
115,916
106,479
12,210.0
1,116
106
14.06%
14.64%
4.01%
2.79%
4.47%
57.21%
33.90%
10.66%
1.12%
108.86%
3Q 2014
142,428
110,538
101,842
11,819
755
72
13.57%
14.33%
4.85%
3.63%
4.42%
59.94%
27.55%
9.66%
1.02%
108.54%
3Q 2015
166,038
131,580
124,470
13,166
1,222
116
13.67%
15.78%
4.50%
3.18%
4.77%
52.65%
32.92%
15.13%
1.50%
105.71%
y.o.y
16.58%
19.04%
22.22%
11.40%
61.80%
61.11%
10
Balance Sheet
IDR Billion
FY 2011
FY 2012
FY 2013
FY 2014
3Q 2014
3Q 2015
y.o.y
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
144,576
132,192
1,496
115,916
13,684
1,095
(1,588)
13,972
142,428
129,773
3,365
110,538
14,720
1,149
(1,488)
14,143
166,038
16.58%
151,764
16.95%
4,173 24.00%
131,580
19.04%
15,387
4.53%
624 -45.73%
(1,962) 31.80%
16,236
14.80%
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
8,520
1,188
3,818
6,996
5,365
12,210
101,842
7,938
3,741
4,743
7,459
4,886
11,819
124,470
12,829
796
2,435
6,314
6,028
13,166
22.22%
61.61%
-78.72%
-48.65%
-15.35%
23.39%
11.40%
11
Asset Composition
Total Assets
(IDR Trillion)
166.04
144.58
142.43
131.17
111.75
89.12
68.39
Dec10
Dec11
Dec12
Dec13
Dec14
Sep14
Sep15
10.03%
10.68%
9.66%
9.93%
9.78%
Assets Composition
(%)
10.89%
9.73%
Non Earning Asset
89.11%
90.27%
89.97%
89.32%
90.34%
90.07%
90.22%
Dec10
Dec11
Dec12
Dec13
Dec14
Sep14
Sep15
Earning Asset
12
Earning Asset Composition
Total Earning Asset
Earning Asset Compositions
(IDR Trillion)
(%)
Loans & Financing
Securities
151.76
Term Deposit With BI
Other Earning Asset
132.19
Total Earning Asset Composition
118.30
0.52
Dec10
0.77
12.60
1.15
3.36
14.72
Loans &
Financing
86.70%
8.49
Dec12
Dec13
Dec14
110.54
115.92
100.47
7.85
Dec11
Securities
10.14%
15.39
10.87
81.41
51.55
0.15
2.00
8.12
0.41
4.83
13.68
129.77
9.47
63.56
61.83
101.54
1.09
1.50
Other Earning
Asset
0.41%
Sep14
131.58
81.40
0.62
4.17
Term Deposit
With BI
2.75%
Sep15
13
Loans Composition
31-Dec-12
Loans Type
Rp. Bn
Shares
Housing Loans
70,223
86.26%
Subsidized Mortgages
Non-Subsidized Mortgages
Other Housing Loans
Construction Loan
25,562
29,129
6,070
9,462
Non-Housing Loans
11,187
Consumer Loan
Commercial Loan
Total Loans
1,923
2.36%
9,264 11.38%
81,411 100.00%
31-Dec-13
Rp. Bn
31-Dec-14
30-Sep-14
Shares
Rp. Bn
Rp. Bn
Shares
87,005
86.60%
102,614
88.52%
97,944 88.61%
117,911
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%
32,268 29.19%
44,175 39.96%
7,725
6.99%
13,776 12.46%
40,080
51,530
8,868
17,433
30.46%
39.16%
6.74%
13.25%
24.21%
16.65%
14.80%
26.54%
13.74%
13,463
13.40%
13,302
11.48%
12,593 11.39%
13,669
10.39%
8.54%
2,916
2.52%
10,386
8.96%
115,916 100.00%
2,417
2.19%
10,176
9.21%
110,538 100.00%
3,182
10,486
131,580
Gross Loan
Housing and Non-Housing Loans
(IDR Trillion)
(%)
131.58
110.54
Note : Figures on all graphs Include Sharia financing
11.39%
10.39%
89.61%
Sep15
88.61%
Sep14
11.48%
88.52%
Dec14
13.40%
86.60%
Dec13
13.74%
Housing Loans
86.26%
63.56
51.55
Dec12
12.21%
2.42% 31.67%
7.97% 3.05%
100.00% 19.04%
87.79%
81.41
Dec11
9.39%
89.61% 20.39%
85.00%
100.47
Dec10
Non Housing Loans
Shares
90.61%
115.92
y.o.y
Shares
2,597
2.59%
10,865 10.81%
100,467 100.00%
Rp. Bn
30-Sep-15
Dec10
Dec11
Dec12
Dec13
Dec14
Sep14
Sep15
14
Growth in Mortgages
(IDR Billion)
(%)
Subsidized Mortgage
57.04%
Dec11
58.18%
Dec10
53.26%
Sep15
67,977
41.90%
Sep14
58.10%
Dec14
41.60%
76,443
91,610
58.40%
79,948
Non Subsidized Mortgage
56.25%
Mortgage Composition
57.79%
Total Mortgages
43.75%
Dec12
Dec13
Dec14
Sep14
Sep15
Dec14
Sep14
Dec10
Dec11
Dec12
39,548
29,129
40,080
Sep15
18,611
Dec13
32,268
Dec12
34,347
Dec11
Note : Figures on all graphs Include Sharia financing
15,635
Dec10
28,429
(IDR Billion)
25,562
(IDR Billion)
25,804
Non Subsidized Mortgages
21,945
Subsidized Mortgages
Dec13
Dec14
Sep14
51,530
42.21%
Dec13
44,175
Dec12
42.96%
Dec11
45,601
Dec10
44,415
41.82%
37,580
46.74%
54,692
Sep15
15
Loan Disbursement
2012
2013
2014
2015
12.68
Q2
Q3
14.41
9.65
10.93
9.20
5.99
5.15
9.68
12.12
9.95
6.03
5.63
7.85
9.75
6.91
4.52
4.55
Q1
11.49
12.06
10.70
11.66
2011
8.63
2010
5.74
IDR Trillion
Q4
IDR Billion
Loans Type
FY 2010
FY 2011
FY 2012
FY 2013
FY 2014
9 Months of
2014
2015
y.o.y
IDR Bio
Housing Loans
Subsidized Mortgages
Non-Subsidized Mortgages
16,954
4,727
5,324
18,789
5,896
5,340
28,041
4,213
12,479
33,955
6,506
14,286
34,029
7,960
12,629
22,694
4,799
8,808
29,145
8,285
9,693
28.42%
72.62%
10.04%
Other Housing
1,680
1,540
2,659
2,500
2,416
1,576
1,914
21.44%
Construction Loan
5,223
6,013
8,690
10,663
11,023
7,511
9,253
23.20%
Non-Housing Loans
Consumer Loan
Commercial Loan
4,117
743
3,374
6,384
900
5,484
9,679
1,809
7,870
10,338
2,389
7,949
7,569
2,564
5,005
4,496
1,193
3,303
6,294
2,330
3,964
39.98%
95.38%
19.99%
21,071
25,173
37,720
44,293
41,598
27,190
35,439
30.34%
Total Loans
Note : Figures on graph and table Include Sharia financing
16
Loan Quality (1/2)
4.01%
4.85%
4.50%
2.66%
Dec10
2009
Net NPL
4.05%
Sep15
2015
Gross NPL
4.09%
Sep14
2014
(%)
2.75%
Dec14
2013
(%)
3.26%
Dec13
2012
2.23%
Dec11
2010
Dec12
3.12%
Dec13
3.04%
2011
2.79%
Dec14
2012
2013
3.63%
Sep14
2014
3.18%
Sep15
2015
3.36%
3.38%
3.36%
2.72%
3.27%
3.43%
3.48%
2.66%
3.39%
3.65%
3.46%
2.23%
2.22%
2.42%
2.51%
3.12%
3.83%
3.65%
3.81%
3.04%
3.57%
3.83%
3.63%
2.79%
3.47%
3.37%
3.18%
Dec12
2011
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec11
2010
17
3.96%
3.97%
4.03%
3.35%
3.98%
4.12%
4.22%
3.26%
4.04%
4.35%
4.18%
2.75%
3.22%
3.46%
3.68%
4.09%
4.77%
4.63%
4.88%
4.05%
4.74%
5.01%
4.85%
4.01%
4.78%
4.70%
4.50%
Dec10
2009
Note : Figures on all graphs Include Sharia financing
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
Loan Quality (2/2)
Collectibility
Current
Special Mentioned
PL
Substandard
Doubtful
Loss
NPL
PL + NPL
NPL Gross
NPL Netto
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-12
31-Dec-13
Rp. Bn
Share
Rp. Bn
Share
68,420 84.04%
84,301 83.91%
9,665 11.87%
12,101 12.04%
78,085 95.91%
96,402 95.95%
686
0.84%
458
0.46%
542
0.67%
457
0.45%
2,098
2.58%
3,151
3.14%
3,326
4.09%
4,066
4.05%
81,411 100.00% 100,467 100.00%
4.09%
4.05%
3.12%
3.04%
31-Dec-14
30-Sep-14
Rp. Bn
Share
Rp. Bn
Share
95,262 82.18%
88,631 80.18%
16,004 13.81%
16,546 14.97%
111,266 95.99% 105,176 95.15%
338
0.29%
717
0.65%
454
0.39%
668
0.60%
3,859
3.33%
3,976
3.60%
4,650
4.01%
5,362
4.85%
115,916 100.00% 110,538 100.00%
4.01%
4.85%
2.79%
3.63%
30 Sept
2014
2015
4.19% 3.76%
4.99% 3.55%
2.98% 3.31%
4.47% 4.44%
6.24% 5.26%
9.95% 10.80%
3.02% 2.69%
Portofolio
3Q2015
Shares
89.61%
30.46%
39.16%
6.74%
13.25%
10.39%
2.42%
10.16% 11.58% 13.24%
4.01%
4.85% 4.50%
7.97%
100.00%
31-Dec 31-Dec 31-Dec 31-Dec 31-Dec
2010
2011
2012
2013
2014
3.14%
2.74% 3.93%
3.80%
3.43%
3.75%
2.37% 5.00%
5.24%
3.96%
2.64%
2.88% 2.90%
2.61%
2.51%
2.53%
2.78% 3.08%
3.17%
3.47%
2.60%
3.66% 4.74%
4.75%
5.13%
4.22%
3.14% 5.08%
5.60%
8.51%
0.81%
1.30% 2.00%
2.03%
2.55%
5.26%
3.26%
Note : Figures on all tables Include Sharia financing
3.60%
2.75%
5.72%
4.09%
6.63%
4.05%
30-Sep-15
Rp. Bn
Share
106,870 81.22%
18,793 14.28%
125,663 95.50%
760
0.58%
611
0.46%
4,547
3.46%
5,917
4.50%
131,580 100.00%
4.50%
3.18%
18
Liabilities
Total Liabilities
Funding Composition
(IDR Trillion)
(IDR Trillion)
146.84
152.87
132.37
130.61
6.31
2.44
0.80
Deposits
119.61
127.00
Securities issued
Deposits from Other Banks
101.47
115.06
Repurchase Agreements
81.80
Borrowings
7.07
2.65
Total Funding
61.94
125.72
7.00
97.64
3.82
8.52
12.83
7.46
1.19
4.74
3.74
7.94
0.28
8.84
6.73
2.34 0.74
7.14
78.36
Dec10
Dec11
Dec12
Dec13
Dec14
Sep14
59.11
Funding Composition
(%)
0.54%
5.69
4.45
Sep15
5.44
0.81
124.47
3.40
3.46
0.56
4.14
4.30%
106.48
96.21
101.84
80.69
1.66%
8.74%
61.97
47.55
Deposits
Securities issued
Deposits from Other Banks
84.76%
Dec10
Dec11
Dec12
Dec13
Dec14
Sep14
Sep15
Repurchase Agreements
Borrowings
19
Deposits
Total Deposits Mix
Total Deposits
(IDR Trillion)
(IDR Trillion)
Deposits
Current Account
Savings Account
Time Deposits
Total
124.47
FY 2012 FY 2013 FY 2014 3Q 2014 3Q 2015 y.o.y
13.27
19.12
23.42
20.78
30.68 47.63%
21.54
24.24
26.17
25.82
27.25
5.55%
45.88
52.86
56.89
55.24
66.54 20.45%
80.69
96.21 106.48
101.84 124.47 22.22%
106.48
101.84
96.21
66.54
80.69
56.89
CASA Composition
61.97
55.24
52.86
(%)
TD
45.88
47.55
CASA
54.94%
53.43%
45.06%
46.57%
Dec13
53.46%
56.86%
43.14%
Dec12
Dec11
54.24%
54.88%
Dec10
45.12%
31.50
13.27
Dec14
Sep14
46.54%
5.18
45.76%
33.74%
66.26%
34.01
Sep15
19.12
23.42
20.78
30.68
13.15
10.87
14.82
21.54
24.24
26.17
25.82
27.25
Dec10
Dec11
Dec12
Dec13
Dec14
Sep14
Sep15
Savings Account
Current Account
Time Deposit
Total Deposits
20
Equity (1/2)
Total Equity
(IDR Trillion)
11.56
12.21
13.17
11.82
10.28
6.45
7.32
Dec10 Dec11 Dec12 Dec13 Dec14
Sep14 Sep15
CAR - BI
(%)
16.74%
Dec10
17.69%
15.62%
15.03%
Dec11
Dec12
Dec13
14.64%
14.33%
Dec14
Sep14
15.78%
Sep15
21
Equity (2/2)
2010
5,739
416
6,447
Sep-14
*)
2011
2012
2013
2014
Sep-15
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
12,210
362
66,251
226
9,856
76,333
10,127
564
11,819
64,566
179
9,856
74,600
11,031
1,704
13,166
69,116
403
11,185
80,704
Tier - 1 Capital
Tier - 2 Capital
Capital on B/S
Securitization exposure
RWA - Credit Risk
RWA - Market Risk
RWA - Operational Risk
RWA - Total
33,283
208
2,774
36,265
6,584
512
7,322
127
40,940
150
5,284
46,374
CAR Tier – 1/(RWA Credit + Market Risk)
17.14%
16.02%
19.33%
17.02%
16.15%
15.64%
15.87%
CAR Tier – 1/(RWA Credit + Market + Ops
Risk)
15.83%
14.20%
16.95%
14.91%
14.06%
13.57%
13.67%
CAR B/S/(RWA Credit + Market Risk)
19.25%
17.82%
21.98%
19.91%
18.37%
18.25%
18.94%
CAR B/S/(RWA Credit + Market + Ops Risk)
17.78%
15.79%
19.28%
17.44%
16.00%
15.84%
16.31%
CAR BI ((Tier 1+2)/(RWA Credit + Market Risk))
18.12%
16.96%
20.17%
17.84%
16.81%
16.51%
18.32%
CAR BI ((Tier 1+2)/(RWA Credit + Ops Risk))
16.83%
15.08%
17.75%
15.69%
14.68%
14.37%
15.86%
CAR BI ((Tier 1+2)/(RWA Credit + Market +
Ops Risk))
16.74%
15.03%
17.69%
15.62%
14.64%
14.33%
15.78%
*)
*) Equity and CAR calculation have been adjusted with PBI No.15/12/PBI/2013 on Minimum Capital Requirement for Commercial Banks
22
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
13,373
(7,893)
5,480
926
(4,860)
1,546
2
1,548
1,116
3Q 2014
9,816
(5,832)
3,984
591
(3,525)
1,050
(1)
1,049
755
3Q 2015
y.o.y
11,361
15.73%
(6,403)
9.79%
4,958
24.43%
785
33.01%
(4,024)
14.15%
1,720
63.77%
15 -1412.60%
1,735
65.39%
1,222
61.80%
23
Interest Income Composition
(IDR Billion)
FY2012 FY2013 FY2014
Placement with Bank Indonesia
Placement with other bank
Securities
Loan
Income from Syariah
Total
Sep-15
Y.o.Y
46
52
534
7,901
573
74
63
726
9,605
729
81
40
982
11,352
918
56
32
738
8,339
652
74
23
592
9,909
763
33.16%
-28.79%
-19.82%
18.83%
17.06%
9,106
11,197
13,373
9,816
11,361
15.73%
0.20%
0.65%
6.52%
Sep-14
5.21%
Placement with Bank Indonesia
87.22%
Placement with other bank
Securities
Loan
Income from Syariah
24
Interest Expense Composition
(IDR Billion)
FY2012 FY2013 FY2014
Bank Indonesia
Deposits from other Banks
Deposits from Non Banks
Securities Issued
Fund Borowings
Others
Total
8
20
3,118
674
400
159
4,379
2.76%
0.01%
5
39
4,082
826
450
157
5,558
2
83
6,291
787
529
201
7,893
Sep-14
Sep-15
2
20
4,696
599
393
123
5,832
1
130
4,966
759
370
177
6,403
Y.o.Y
-48.53%
548.41%
5.76%
26.71%
-5.90%
44.09%
9.79%
2.04%
5.77%
11.85%
Bank Indonesia
Deposits from other Banks
Deposits from Non Banks
Securities Issued
77.56%
Fund Borowings
Others
25
Other Operating Income Composition
(IDR Billion)
FY2012 FY2013 FY2014
Sep-14
Sep-15
Y.o.Y
Mark to market
Gain
Reversal on Provisions
Commissions, Services & Admin Fee *)
Others *)
9
17
11
541
17
32
8
31
709
7
115
5
30
770
12
54
5
325
195
46
122
0
417
200
280.6%
124.4%
-92.6%
28.4%
3.0%
Total
577
798
926
591
785
33.01%
*) Reclassified
5.89%
25.52%
15.47%
0.05%
Mark to market
Gain
53.08%
Reversal on Provisions
Commissions, Services &
Admin Fee
26
Other Operating Expense Composition
(IDR Billion)
FY2012 FY2013 FY2014
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
Mark to Market
Total
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
1,292
452
227
542
226
509
509
201
107
6
8
5
0
4,860
Sep-14
Sep-15
505
1,018
337
134
364
170
402
336
158
89
3.3
6.7
0.7
3,525
658
1,162
432
271
382
140
308
399
185
72
4.3
7.2
4.5
4,024
Y.o.Y
30.22%
14.13%
28.20%
102.18%
4.73%
-17.66%
-23.44%
18.70%
17.21%
-19.88%
30.07%
6.50%
#DIV/0!
-100%
14.15%
0.18%
0.11% 0.00%
0.11%
1.78%
9.92%
4.59%
16.35%
7.66%
3.48%
28.87%
9.49%
6.74%
10.73%
*) Reclass, include OJK & BMPD
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
Mark to Market
27
Key Financial Ratios (1/4)
Net Income
(IDR Billion)
1,562
1,364
1,119
1,222
1,116
916
755
Dec10
Dec11
Dec12
Dec13
Dec14
Dec12
Dec13
4.42%
Dec14
Sep14
Dec10
Dec11 *
Dec12 *
Dec13 *
Note : *) Reclassified
Dec14 *
59.94%
Sep15
Sep14 *
52.65%
4.47%
57.21%
4.77%
5.44%
50.86%
Dec11
5.83%
49.71%
Dec10
5.76%
51.66%
5.99%
Sep15
Cost Income Ratio *)
58.34%
Net Interest Margin
Sep14
Sep15 *
28
Key Financial Ratios (2/4)
ROA1– before tax
2.05%
2.03%
1.94%
1.79%
1.50%
1.12%
Dec10
Dec11
Dec12
Dec13
Dec14
1.02%
Sep14
Sep15
ROA2– after tax
1.50%
1.49%
1.42%
1.30%
1.05%
Dec10
1Calculated
2Calculated
Dec11
Dec12
Dec13
0.81%
0.74%
Dec14
Sep14
Sep15
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
29
Key Financial Ratios (3/4)
ROE3 – tier 1 capital
16.56%
17.65%
18.23%
16.05%
15.13%
10.66%
Dec10
Dec11
Dec12
Dec13
Dec14
9.66%
Sep14
Sep15
ROE4 – balance sheet
15.28%
14.07%
Dec10
3Calculated
4Calculated
13.52%
15.28%
13.27%
Dec11
Dec12
13.52%
Dec13
12.38%
9.14%
8.52%
Dec14
Sep14
based on net profit/average Tier 1 capital based on Bank Indonesia regulation
based on net profit/total stakeholder’s equity
Sep15
30
Key Financial Ratios (4/4)
Loan-to-Deposit Ratio
108.86%
108.42%
108.54%
105.71%
104.42%
102.56%
100.90%
Dec10
Dec11
Dec12
Dec13
Dec14
91.27%
Dec14
Sep14
Sep15
Loan-to-Funding Ratio
87.21%
Dec10
81.11%
83.38%
87.32%
Dec11
Dec12
Dec13
100.07%
98.83%
Sep14 *)
Sep15 *)
*) Calculated based on SE BI No 17/17/DKMP dated 26 June 2015 Re: Reserve Requirement Calculation for Commercial Banks
31
3. Sharia Business
32
Sharia Business
Sharia Assets
Sharia Deposits
(IDR Billion)
(IDR Billion)
10,495
13,183
11,145
9,571
8,747
7,906
10,530
6,593
7,664
5,757
5,056
3,817
3,402
Dec10
2,405
Dec11
Dec12
Dec13
Dec14
Sep14
Sep15
Dec10
Dec11
Dec12
Sharia Net Profit
Sharia Financings
(IDR Billion)
(IDR Billion)
Dec13
Dec14
Sep14
229.38
Sep15
10,506
202.14
9,645
196.09
9,137
8,081
140.02
135.69
6,000
4,226
76.86
2,847
35.34
Dec10
Dec11
Dec12
Dec13
Dec14
Sep14
Sep15
Dec10
Dec11
Dec12
Dec13
Dec14
Sep14
Sep15
33
4. Appendices
34
Shares Information
Public Share Ownerships
Domestic
Foreign
30-Sep 2015
Rp. 995,-
51.30%
56.54%
55.85%
48.70%
43.46%
44.15%
31-Mar-15
30-Jun-15
30-Sep-15
IPO
30-Sep-2014
Rp. 1.170,-
51.30%
100.00%
Total
55.85%
48.70%
10,582,337,724
- Foreign
31-Dec-14
44.15%
63.95%
1,866,979,367
2,361,358,357
- Domestic
36.05%
39.96%
31-Dec-13
4,228,337,724
61.24%
Public
38.76%
60.04%
31-Dec-12
6,354,000,000
61.25%
GOI
38.75%
%
40.30%
# of Shares
59.70%
Ownership
31-Dec-11
Share Ownerships Composition
• 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 30 Sep 2015 was IDR
10.53 trillion (USD 0.72 billion)
35
Outlets
Kalimantan
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
5
10
18
2
5
299
85
Sulawesi
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
-
Papua & Maluku
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
5
13
18
2
2
126
92
3
3
2
61
22
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
34
58
6
6
700
240
Jawa
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
2
38
158
375
40
22
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
2009
61
204
21
286
2,045
528
4,340
2010
1
63
214
111
26
1
416
2,661
745
5,312
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 Sep-15
3
3
65
65
223
223
479
479
50
50
34
37
854
857
2,951
2,951
1,830
1,830
36
8,582
8,814
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
37