PT Bank Rakyat Indonesia (Persero) Tbk. Q1 - 2014 Financial Update - PowerPoint PPT Presentation

PT Bank Rakyat Indonesia (Persero) Tbk. Q1 - 2014 Financial Update Presentation 2014 – optimizing capacity, securing growth Jakarta, 23 April 2014

Outline Macro Economy Q1 2014 - a maintained performance Financial Updates Business Update: 1. Micro Banking 2. Consumer Loans 3. Small Commercial and Medium Loans 4. SoE and Corporate Loans 3. Fee Based Income Key Take Aways Appendixes 2

Macro Economy 3

Indonesia Macro Economy – a sign of better economy GDP Trade Balance Current Account 20 Q1 '13 Q2 '13 Q3 '13 Q4 '13 6.49% 1.53 6.22% 6.23% 18 0.79 0.79 16 (5,905) (9,998) (8,529) (4,018) 5.78% 4.63% 14 0.13 12 0.02 0.07 -0.07 10 -0.16 -0.29 -0.44 -0.53 8 -1.98 -0.81 -0.88 6 -2.66 4 -1.7 2 -2.33 0 23.88 27.03 30.66 33.53 37.54 -3.85 Jan-13 Feb-13 May-13 Sep-13 Jan-14 Feb-14 Dec-12 Mar-13 Apr-13 Jun-13 Jul-13 Aug-13 Oct-13 Nov-13 Dec-13 -4.41 2009 2010 2011 2012 2013 Current Account (USD mn) Trade Balance (USD.bn) Export Import GDPPer Capita (in Rp Mn) GDPGrowth Current Account (% of GDP) Source:BPS, BI & Bloomberg Reserved Assets & Exchange Rate • GDP growth by the end of 2013 was better than expected at 5.78% 12,171 120.0 12,500 and GDP per capita increased to Rp 37.54 Mn. For 11,361 110.0 12,000 11,406 2014, cushioned by domestic based economy, we expect that GDP 100.0 11,500 will grow by 5.5 – 5.9% yoy 90.0 11,000 80.0 • A good sign for Indonesia economy was shown by a positive trade 10,500 10,004 9,793 70.0 9,735 balance in February and narrowing of CAD/GDP to -1.98% in Q4 10,000 60.0 2013. Further, reserve asset have increased, able to cover 5.7 9,500 50.0 months of imports and government external debt, which are 9,000 40.0 above international standard of 3 months. 8,500 30.0 112.8 104.8 98.1 95.7 99.4 102.6 20.0 8,000 • Rupiah appreciated against dollar with exchange rate of Rp 11,361 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 by the end of March 2014. Reserved Assets (USD Mn) Exchange Rate (IDR/USD) 4

Indonesia Macro Economy – a sign of better economy Inflation (%) Retail Sales Index & Consumer Confidence 18.27 17.47 17.37 180 16.65 147 15.47 170 142 14.2 137 11.91 11.83 11.46 160 132 13.94 9.85 127 150 7.25 122 6.7 5.68 140 4.98 117 4.72 4.57 4.61 4.53 4.40 4.21 3.98 112 130 2.66 2.91 107 4.30 5.9 5.9 8.4 8.38 8.22 7.75 7.32 120 102 Jan-13 Feb-13 Mar-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Jan-14 Feb-14 Mar-14 Apr-13 Nov-13 Dec-13 2012 Q1 2013 Q2 2013 Q3 2013 2013 Jan-13 Feb-14 Mar-14 Headline Inflation Core Inflation Retail Sales Index (LHS) Consumer Confidence (RHS) Administered Price VolatileGoods Source:BPS, BI & Bloomberg Foreign Direct Investment - Quarterly (IDR Trillion) • In March 2014, YoY Inflation can be controlled at 71.2 7.32%, driven by lower volatile goods compare to previous 67 66.7 65.5 year. This relatively benign inflation had improve consumer 56.8 56.1 56.6 51.5 purchasing power, shown by the increasing trend of consumer confidence and retail sales index . • Investment still quite strong as indicated by the increase of Foreign Direct Investment, reached Rp 71.2 Trillion in Q4 2013. Q1 Q2 Q3 Q4 2012 2013 5

IndonesiaBanking Industry BI Rate, Upper & Lower Band Loan Growth & NPL 10.25% BI Rate 9.25% upper band 24.6% 9.00% 23.1% 22.2% 23.1% 22.8% lower band 21.6% 21.2% 20.2% 20.6% 8.00% 7.50% 7.50% 7.50% 7.50% 7.50% 7.25% 7.25% 7.00% 7.00% 6.75% 6.75% 6.75% 8.25% 3.31% 6.50% LoanGrowth (RHS) 6.00% 6.00% 6.00% 7.00% 5.75% 5.75% NPL (LHS) 2.56% 5.75% 5.75% 10.0% 5.50% 5.50% 2.17% 1.87% 1.97% 1.88% 1.86% 1.77% 1.90% 1.99% 4.50% 4.50% 4.25% 4.00% 4.00% 2007 2008 2009 2010 2011 2012 Q1 '13 1H '13 Q3 '13 2013 Feb '14 Mar’14 2009 2010 2011 2012 1Q13 1H'13 9M'13 2013 Jan'14 Feb '14 LDR, Deposit and M1 & M2 Growth • For the last 3 months, BI maintained BI rate 40% level at 7.50%, with lending rate and deposit 90% facility rate of 7.50% and 5.75%, respectively. 35% M1 (LHS) 85% • Loan growth was slowing down, as expected 30% M2 (LHS) by BI, with NPL increasing in February 80% 25% 2014, seasonality pattern contribute to this DepositGrowth (LHS) 75% condition . 20% LDR(RHS) • As the growth of M1 and M2 are slowing 70% 15% down in the past year, the same trend was 65% 10% happened in deposit growth. Thus, LDR of Indonesia banking industry increasing . 5% 60% Jan-12 Oct-12 Nov-12 Dec-12 Jan-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 6

Q1 2014 – a maintained performance 7

Financial Updates 8

Financial Highlights 2009 2010 2011 2012 2013 Q1'13 Q1'14 ∆ yoy Asset/Liabilities Total Assets (IDR Billion) 314,746 398,393 456,531 535,209 606,370 511,977 595,741 16.4% Total Loans (Gross) (IDR Billion) 205,522 246,964 283,583 348,227 430,618 361,250 432,436 19.7% Total Deposits (IDR Billion) 254,118 328,556 372,148 436,098 486,366 403,089 470,017 16.6% Asset Quality NPL (gross) 3.52% 2.78% 2.30% 1.78% 1.55% 1.97% 1.78% NPL (nett) 1.08% 0.74% 0.42% 0.34% 0.31% 0.46% 0.47% Liquidity LDR 80.88% 75.17% 76.20% 79.85% 88.54% 89.62% 92.01% Reserve Requirement - IDR 5.90% 8.05% 9.33% 10.64% 8.02% 8.02% 8.02% Reserve Requirement - FX 1.00% 1.00% 8.00% 8.17% 8.00% 8.00% 8.00% Profitability Net Profit (IDR Billion) 7,308 11,472 15,083 18,521 21,160 5,007 5,902 17.9% NIM 9.1% 10.8% 9.6% 8.42% 8.55% 8.19% 9.06% ROE 35.2% 43.8% 42.5% 38.66% 34.11% 32.63% 30.95% ROA before tax 3.7% 4.6% 4.9% 5.15% 5.03% 4.76% 5.02% Cost of Fund (CoF) 6.0% 4.9% 4.7% 3.68% 3.71% 3.54% 3.94% Cost Efficiency Ratio (CER) 46.8% 42.2% 41.2% 43.11% 42.13% 44.22% 41.80% Operating Expense to Operating Income 77.7% 70.9% 66.7% 59.93% 60.58% 60.46% 62.96% Capital Tier1 CAR 12.0% 12.0% 13.7% 15.86% 16.13% 16.90% 17.46% Total CAR 13.2% 13.8% 15.0% 16.95% 16.99% 17.91% 18.27% Note: Since FY 2010, figures are PSAK50 &55 compliant 9 Numbers statedinthis presentationare bank only

Balance Sheet – a Strong Balance Sheet Structure with sufficient liquidity (IDR Billion) Description 2009 2010 2011 2012 2013 Q1'13 Q1'14 YoY Total Assets 314,746 398,393 456,531 535,209 606,370 511,977 595,741 16.4% - Gross Loans 205,522 246,964 283,583 348,227 430,618 361,250 432,436 19.7% - Government Bonds (Recap) 15,027 13,626 8,996 4,316 4,511 4,313 4,315 0.1% - Other Earnings Assets 76,487 113,669 127,774 131,547 115,168 104,187 105,204 1.0% Total Earning Assets 297,037 374,259 420,353 484,089 550,297 469,750 541,955 15.4% Earning Assets Provision (11,576) (14,007) (15,869) (14,584) (15,072) (14,737) (15,432) 4.7% Total Earning Assets (net) 285,461 360,252 404,484 469,505 535,225 455,013 526,523 15.7% Total Non Earning Assets 29,285 38,141 52,047 65,704 71,145 56,964 69,218 21.5% Total Liabilities & S.E 314,746 398,393 456,531 535,209 606,370 511,977 595,741 16.4% Total Customer Deposits 254,118 328,556 372,148 436,098 486,366 403,089 470,017 16.6% - Demand Deposits 49,965 77,049 75,579 78,753 78,017 57,937 71,026 22.6% - Saving Deposits 104,119 125,198 152,474 182,643 210,004 172,489 199,949 15.9% - Time Deposits 100,034 126,310 144,095 174,702 198,346 172,663 199,042 15.3% Other Interest Bearing Liabilities 20,941 16,595 18,413 14,466 19,873 18,774 19,175 2.1% Non Interest Bearing Liabilities 12,429 16,569 16,195 20,008 21,261 25,769 27,962 8.5% Tier I Capital 20,846 27,673 38,215 51,593 65,964 58,216 72,909 25.2% Total Shareholder's Equity 27,257 36,673 49,775 64,637 78,870 64,345 78,587 22.1% Note: Since FY 2010, figures are PSAK50 &55 compliant 10 Numbers statedinthis presentationare bank only

Loan – Mix and Growth Loans Outstanding – by business segment Composition – by business segment (%) (IDR Trillion) 430.6 432.4 100.0 8.5 9.5 10.2 10.9 11.1 10.9 10.6 45.9 47.7 400.0 8.3 361.2 11.3 8.5 348.2 14.3 14.5 16.0 16.0 5.6 62.5 7.3 4.9 39.3 69.4 38.0 4.7 4.7 4.4 4.6 19.1 283.6 20.3 49.8 25.3 57.9 23.8 247.0 27.8 24.3 21.7 21.8 20.1 19.8 86.8 94.0 16.5 16.5 32.0 23.5 205.5 20.4 50.0 13.8 71.5 75.6 20.9 200.0 13.8 17.4 19.7 20.8 67.6 17.5 17.7 17.6 17.2 20.0 62.4 75.5 14.9 73.9 63.8 61.5 57.2 55.8 51.4 41.1 31.8 30.7 31.1 31.4 30.5 30.7 26.3 54.1 75.4 90.2 106.8 132.1 112.2 135.8 - 0.0 2009 2010 2011 2012 2013 Q1'13 Q1'14 2009 2010 2011 2012 2013 Q1'13 Q1'14 Micro Consumer Small Commercial Medium SoE Corporate Non-SoE Total Loan Total loan grew 19.7% (yoy), with Microloan as the growth driver, grew 21% (yoy) and maintained as the largest component of loan portfolio, 31.4% Note: Since FY 2010, figures are PSAK50 &55 compliant 11 Numbers statedinthis presentationare bank only