ANALYST MEETING
PT Bank Tabungan Negara (Persero) Tbk.
Business & Financial Performances
as of March 31, 2016
Disclaimer
IMPORTANT: The following forms part of, and should be read in conjunction with, the other material in this presentation
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Macro Economy
4
Outline
Page
Performance Overview
10
Sharia Business
33
•
There have been three BI rate cuts in the first three
months of 2016, from 7.5% to 6.75%, taking
advantage of the strengthening rupiah and benign
inflation.
•
Inflation in March 2016 stood at 4.45%, which is
within the BI target of 4+1%.
Updates on Macro Economy
Updates on Banking System
•
Loan growth in February 2016 slowed to 8.24% from 10.44% in December 2015. However,
reductions to the BI Rate and reserve requirement should boost liquidity and spur credit growth.
•
Deposit growth also decelerated from 7.26% in December 2015 to 6.89% in February 2016,
primarily due to a decline in time deposits.
•
Rising NPLs from 2.49% in December 2015 to 2.87% in February 2016 was recorded due to
sluggish commodity sector.
Result Summary
•
BBTN has successfully managed a good result in 1Q2016.
•
Total assets grew by 19.51% (yoy) to Rp178.42 trn, mainly driven by growth on loan and deposit.
•
Total loans increased by 18.96% (yoy) to Rp142.94 trn, much higher than
system’s
growth of 8.24% (as
of February 2016). Loan growth has been driven by Subsidized Mortgages (28.44%) and Construction
Loans (25.39%), aligned with our focus business on housing loans.
•
Deposits was robust to support loan growth. Deposits rose by 19.76% to Rp131.16 trn. Current
accounts marked the biggest growth at 33.78%.
•
Net profit increased by 22.08% (yoy) to Rp491 bn. Net interest income grew by 14.99%, while fee
income also increased by 16.95%
•
NPL improved significantly from 4.78% to 3.59%. Loan restructuring and collateral sale have been
continued in order to improve asset quality.
Achievement of 1 Million Houses Program
Unit IDR Bn Unit IDR Bn Unit IDR Bn Unit IDR Bn Unit IDR Bn
Balance Sheet
(IDR Billion)FY 2011
FY 2012
FY 2013
FY 2014
FY 2015
Q1 2015
Q1 2016
y.o.y
Asset Composition
Total Assets
(IDR Trillion)
Assets Composition
Earning Asset Composition
Total Earning Asset
(IDR Trillion)
Loans Composition
Gross Loan
(IDR Trillion)
Housing and Non-Housing Loans
(%)
IDR Bn Shares IDR Bn Shares IDR Bn Shares IDR Bn Shares IDR Bn Shares IDR Bn Shares IDR Bn Shares
Housing Loans 55,805 87.79% 70,223 86.26% 87,005 86.60% 102,614 88.52% 124,927 89.90% 106,927 88.99% 129,058 90.29% 20.70%
Growth in Mortgages
Subsidized Mortgages
(IDR Billion)Non Subsidized Mortgages
(IDR Billion)Mortgage Composition
(%)Loan Quality (1/2)
Gross NPL
(%)Loan Quality (2/2)
IDR Bn Share IDR Bn Share IDR Bn Share IDR Bn Share IDR Bn Share IDR Bn Share IDR Bn Share
Current 54,052 85.04% 68,420 84.04% 84,301 83.91% 95,262 82.18% 116,887 84.12% 96,641 80.43% 118,043 82.58% Special Mentioned 7,767 12.22% 9,665 11.87% 12,101 12.04% 16,004 13.81% 17,316 12.46% 17,780 14.80% 19,768 13.83% PL 61,819 97.25% 78,085 95.91% 96,402 95.95% 111,266 95.99% 134,203 96.58% 114,420 95.22% 137,811 96.41% Substandard 178 0.28% 686 0.84% 458 0.46% 338 0.29% 250 0.18% 743 0.62% 443 0.31% Doubtful 199 0.31% 542 0.67% 457 0.45% 454 0.39% 359 0.26% 1,008 0.84% 531 0.37% Loss 1,368 2.15% 2,098 2.58% 3,151 3.14% 3,859 3.33% 4,144 2.98% 3,987 3.32% 4,158 2.91% NPL 1,745 2.75% 3,326 4.09% 4,066 4.05% 4,650 4.01% 4,753 3.42% 5,738 4.78% 5,132 3.59% PL + NPL 63,564 100.00% 81,411 100.00% 100,467 100.00% 115,916 100.00% 138,956 100.00% 120,158 100.00% 142,944 100.00%
NPL Gross 2.75% 4.09% 4.05% 4.01% 3.42% 4.78% 3.59%
Commercial Loan 3.60% 5.72% 6.63% 10.16% 11.57% 12.88% 11.97%
Liabilities
Total Liabilities
(IDR Trillion)
Funding Composition
(IDR Trillion)
Funding Composition
Deposits
Total Deposits Mix
(IDR Trillion)
CASA Composition
(%)
Deposits FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 Q1 2015 Q1 2016 y.o.y
Current Account 13.15 13.27 19.12 23.23 31.37 24.11 32.26 33.78%
Savings Account 14.82 21.54 24.24 25.55 30.76 24.80 29.04 17.10%
Equity (1/2)
Total Equity
(IDR Trillion)Equity (2/2)
CAR Tier – 1/(RWA Credit + Market Risk) 16.02% 19.33% 17.02% 16.15% 17.22% 15.01% 17.02%CAR Tier – 1/(RWA Credit + Market + Ops
Risk) 14.20% 16.95% 14.91% 14.07% 14.87% 12.94% 14.47%
CAR B/S/(RWA Credit + Market Risk) 17.82% 21.98% 19.91% 18.43% 19.60% 17.84% 19.65%
CAR B/S/(RWA Credit + Market + Ops Risk) 15.79% 19.28% 17.44% 16.05% 16.93% 15.38% 16.71%
CAR BI ((Tier 1+2)/(RWA Credit + Market Risk)) 16.96% 20.17% 17.84% 16.81% 19.65% 17.46% 19.41%
CAR BI ((Tier 1+2)/(RWA Credit + Ops Risk)) 15.08% 17.75% 15.69% 14.68% 17.01% 15.10% 16.58%
CAR BI ((Tier 1+2)/(RWA Credit + Market +
Income Statement
(IDR Billion)FY 2011
FY 2012
FY 2013
FY 2014
FY 2015
Q1 2015
Q1 2016
y.o.y
Interest Income Composition
(IDR Billion)
FY2011 FY2012 FY2013 FY2014 FY2015
Q1 2015 Q1 2016
Y.o.Y
Placement with Bank Indonesia
30
46
74
81
107
22
35
63.25%
Placement with other bank
50
52
63
40
37
3
14
340.96%
Securities
556
534
726
982
858
222
239
7.76%
Loan
6,735
7,901
9,605
11,353
13,523
3,119
3,618
16.00%
Income from Syariah
420
573
729
919
1,042
244
285
16.79%
Interest Expense Composition
(IDR Billion)
FY2011 FY2012 FY2013 FY2014 FY2015
Q1 2015 Q1 2016
Y.o.Y
Bank Indonesia
12
8
5
2
1
0.32
-
-100.00%
Deposits from other Banks
29
20
39
84
328
70
91
31.43%
Deposits from Non Banks
2,935
3,118
4,082
6,290
6,750
1,602
1,837
14.72%
Securities Issued
543
674
826
787
883
185
259
39.43%
Fund Borrowings
197
400
450
529
516
127
175
38.54%
Others
284
159
157
201
222
72
41
-42.25%
Other Operating Income Composition
(IDR Billion)
*) Reclassified
FY2011 FY2012 FY2013 FY2014 FY2015
Q1 2015 Q1 2016
Y.o.Y
Marked to market
3
9
17
7
-
20
20
1.12%
Gain
40
17
32
112
170
23
48
104.56%
Reversal on Provisions
58
-
8
5
8
0
-
-100.00%
Commissions, Services & Admin Fee *)
8
11
31
496
596
131
141
7.31%
Others *)
461
541
709
303
358
69
73
6.10%
Key Financial Ratios (1/4)
Net Income
(IDR Billion)
Key Financial Ratios (2/4)
ROA
1–
before tax
Key Financial Ratios (3/4)
ROE
3–
tier 1 capital
ROE
4–
balance sheet
15.28%
Key Financial Ratios (4/4)
Loan-to-Deposit Ratio
Sharia Business
Sharia Assets
(IDR Billion)
Sharia Net Profit
(IDR Billion)
Sharia Deposits
(IDR Billion)
Sharia Financings
Public Share Ownerships
Share Ownerships Composition as of March 31, 2016
•
IPO by listed on IDX on 17 December 2009 at IDR800 per
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