9M ’ 2019 – Financial Update Presentation PT BANK RAKYAT INDONESIA (PERSERO) Tbk
Indonesia Macro Condition …………………………………………………… . …………………………………………………… .. ………… .... 3 Accommodative Macroprudential Policy ...……..………………………………………………………………….…………………………... 4 BRI’s New Management ……………………………………………………………………………………….…………………………………….. 5 Corporate Plan (2018-2022) ………………………………………………………………….……………………………………………………... 9 BRI vs Industry ……………………………………………………………………………………………………………………………………… . … 11 BRI ( Consolidated ) ….. ……………………………………………………………………………………………………………………………..… 12 BRI ( Bank Only ) 1. Financial Highlights …………………………………… . ………………………………………………………………………………… .. 16 2. Balance Sheet ……………………………………………………………………………………………………………………………… 17 3. Loan – Mix and Growth ……………………………………………………………………………………………………………… ... … 18 4. Loan – Asset Quality … .. ………………………………………………………………………………………………………………… ... 19 5. Deposits – Mix and Growth ……………………………………………………………………………………………………………… . 22 6. Income Statement ………………………………………………………………………………………… . …… ... …………………… .. 23 7. Financial Ratios ……………………………………………………………………………………………………………………….…….. 25 Business Updates: 1. Micro Loans ………………..………………………………………………………………………………………….……………………. 27 2. Small Commercial and Medium Loans ……………………………....…………..……………………………………. 30 3. Consumer Loans……………………………………………………..……..……..……..……..…………………………… 32 4. SoE and Corporate Loans ………………………………………..……………………………..……..……….…….…… 34 5. Non Interest Income …………………….……………………….……………………………..……..……..…….....……. 36 6. Subsidiaries …………………….……………………….……………………………...…….……..……..……..…….…….. 43 Key Take Aways … . …… . …… ... ……………………………………… . ……………………………………………… . …… .. ………… 47 Others …… .. ………………………………………………………… . …… .. …… ............................................................................ 48 OUTLINE 2
Indonesia Macro Condition Stabilize Rupiah GDP & Household Consumption 15.500 129,4 130,2 126,0 124,5 123,8 125,9 130,00 5,05 5,17 5,05 121,8 123,1 14.500 4,94 5,01 120,7 119,8 14.903 5,02 4,96 13.500 14.390 14.243 14.126 14.195 14.330 114,8 120,00 13.322 13.348 13.472 13.555 13.728 12.500 11.500 110,00 4,88 5,03 5,07 5,17 5,06 5,05 5,02 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2017 2018 2019 2015 2016 2017 2018 Q1-2019 Q2-2019 Q3-2019 USDIDR Foreign Reserve GDP Growth YoY HH Consumption Source: BPS, BI and Bloomberg Source: BPS Economic growth decreased but consumption remained high Cautious monetary policy approach stabilize exchange rate Attractive Yield Accommodative Macroprudential Policy 10 8,99 8,03 7,97 6,66 6,93 6,54 7,15 7,37 7,29 7 6,02 8,00 5,75 8 6,32 8,00 6 7,5 7,00 6 6 5,75 5 6,5 3,60 5,25 3,40 3,39 3,28 5,25 6,5 3,10 3,00 4 6,00 4,75 4 6,0 4,25 4,25 3 5,00 2 5,00 2 2,68 2,44 2,41 2,27 2,01 4,00 1 0 1,66 2008 2009 2010 2011 2012 2013 2014 2015 Q1 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q2 Q3 2015 2016 2017 2018 Q2-19 Q3-19 IND10Yr Yield CPI UST10Yr Yield 2016 2017 2018 2019 Source: BI and BPS Reserve Requirement (GWM) SBI 12Month 7 Days RR 3 Manageable level of inflation provides attractive real yield. More accommodative policy to ensure sufficient liquidity in markets.
Accomodative Macroprudential Policy BI7 Days Macroprudential Reverse Intermediation Repo Ratio Easing Macroprudential Liquidity Buffer Implementation Before After Loan + Corp Bonds Loan + Corp Bonds TPF + Issued Bonds + Offshore TPF + Issued Bonds Borrowing LTV Before 6,5% Relaxation Lower Reserve Requirement After 6%
BRI’s New Management 5
Board of Commissioners Andrinof A. Chaniago President Wahyu Kuncoro Commissioner / Independent Vice President Commissioner Nicolaus Teguh Budi Commissioner / Loeke Larasati Agustina Hadiyanto Harjanto Commissioner Commissioner Commissioner Commissioner * A. Fuad Rahmany A. Sonny Keraf Hendrikus Ivo Rofikoh Rokhim Independent Independent Independent Independent Commissioner Commissioner Commissioner Commissioner 6 Effective after OJK's approval on the fit and proper test in accordance with prevailing regulations.
Board of Management Sunarso President Director *) Catur Budi Harto Vice President Director *) Haru Handayani Priyastomo Koesmahargyo Director of Consumer Business Director of Finance Director of Small, Retail and Medium Ahmad Solichin Business Supari Indra Utoyo Lutfiyanto Director of Micro Director of Digital, Director of Networks Business Information Technology and Services and Operation Herdy Rosadi Azizatun Azhimah Agus Noorsanto Agus Sudiarto Harman Director of Director of Compliance *) Director of Human Capital *) Director of Risk Management *) Institutional Relations and SOE *) Gunawan Hari Siaga Listiarini Lina Sari Sulistyo Amijarso Dewajanti SEVP Treasury & SEVP Head of Internal SEVP Fixed Asset SEVP Corporate Global Service Audit Management & Banking 7 Procurement Effective after OJK's approval on the fit and proper test in accordance with prevailing regulations.
CEO Message We keep our focus on growing micro business to achieve 40% micro loan composition in 2022. “Go Smaller, Go Shorter and Go Faster” through digitalization is our breakthrough strategy to serve more costumers, explore new business opportunities, and deliver new value propositions. To accelerate our corporate transformation, we innovate continuously by creating new digital initiatives and at the same time strengthen our corporate culture. Jakarta, 2 September 2019 Sunarso - CEO 8
Corporate Plan (2018-2022) The Most Valuable Bank in SEA & Home to The Best Talent Micro SME Consumer Corporate Subsidiaries Improving Increasing Growing and Becoming leading Maintaining market profitability of the contributions from developing the SME Bank in leadership in salary corporate banking subsidiary micro business Indonesia based loan & other unit companies consumer loans Human Capital IT Channel Risk Implementing Improving IT Increasing efficiency Strengthening risk Performance Driven Capacity, and IT and productivity management Culture Governance culture 9
Strategy and Target Focus of improvement : CASA Leading CASA in all segment Customer Focus Focusing towards customer needs and Portfolio Target 2022 providing integrated solutions to increase fee based income. • Loan Growth (CAGR) 12-13% Credit Excellence Strengthening loan quality to maintain • Micro Loan Portion 40% market leadership in Micro segment, • Corporate Loan Portion max 20% focusing on high growth in SME and increasing profitability in the corporate segment. Capabilities Increasing productivity through digital and data analytics. Culture Developing performance-driven culture. 10
BRI vs Industry Market Share Asset Net Profit 15,30% 14,57% 14,81% 14,32% 14,57% 21,57% 24,09% 24,17% 21,71% 21,13% 20,49% 21,52% 13,86% 13,80% 2014 2015 2016 2017 2018 Aug'18 Aug'19 2014 2015 2016 2017 2018 Aug'18 Aug'19 Loan Deposit 15,95% 15,34% 15,52% 14,51% 14,94% 15,19% 15,08% 15,37% 14,97% 15,19% 13,35% 13,65% 14,59% 14,57% 2014 2015 2016 2017 2018 Aug'18 Aug'19 2014 2015 2016 2017 2018 Aug'18 Aug'19 ROA NPL LDR NIM BOPO BRI Industry BRI Industry BRI Industry BRI Industry BRI Industry 70,50% 80,60% 2,94% 2,57% 93,84% 94,66% 3,42% 2,`49% 7,02% 4,90% CAR BRI Industry • Source: OJK and Internal Data 21,62% 23,93% • Industry data as of Aug 2019 11 • BRI bank only data
BRI (Consolidated) 12
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