PT Bank Danamon Indonesia Tbk Class A · IDX:BDMN
PT Bank Danamon Indonesia Tbk Class A — Bank Danamon Indonesia — FY2010 Earnings Presentation
28 slides from PT Bank Danamon Indonesia Tbk Class A's earnings presentation, Feb 17, 2011
Slide 1: Analyst Briefing Full Year 2010 Results
Analyst Briefing Full Year 2010 Results Jakarta, 17 February 2011 Slide 1 Untuk Anda, Bisa
Slide 2: Agenda
Agenda • Economics and Industry Trend • Financial Results • Corporate Updates • Appendix Slide 2 Untuk Anda, Bisa
Slide 3: Economic Indicators
Economic Indicators 2007 2008 2009 2010 2011 E National Accounts Real GDP (% y-o-y) 6.3 6.1 4.6 6.1 6.4 Domestic demand ex. Inventory (% y-o-y) 6.0 7.4 5.5 5.2 7.6 Real Consumption: Private (% y-o-y) 5.0 5.3 4.9 4.6 5.4 Real Gross Fixed Capital Formation (% y-o-y) 9.2 11.7 3.4 8.5 11.7 GDP (US$bn) -
Slide 4: Indonesia's economy grew 6.1% in 2010
Indonesia’s economy grew 6.1% in 2010 Real GDP Growth Real GDP Breakdown GDP - The economy grew by 6.9% 6.5 % Unemployment rate % 11.5 year on year in 4Q10, taking 6.0 (RHS) 11.0 FY10 4Q10 3Q10 2Q10 FY09 full year growth to 6.1%. 10.5 5.5 10.0 Real GDP 6.10 5.90 6.21 6.13 4.55 - In 4Q10, domestic de
Slide 5: BI rate increased to 6.75% in Feb-10
BI rate increased to 6.75% in Feb-10 Interest Rate Interest Rate Foreign Exchange Rate • BI raised its policy rate to 20 100000 US$mn 13000 6.75% in February amid still % y-o-y, p.a. low core inflation. This is 90000 IDR/USD (RHS) 12000 apparently to send a signal 15 80000 and prevent inflation 1100
Slide 6: Industry (Commercial Bank)
Industry (Commercial Bank) Des 09 Mar 10 Jun 10 Sep 10 Dec 10 YoY Total Assets 2,534 2,564 2,678 2,758 3,009 19% Loans 1,438 1,456 1,586 1,659 1,766 23% Placements at BI 398 403 424 409 582 46% Total Deposits 1,973 1,982 2,096 2,144 2,339 19% NPAT 45 15 39 43 57 27% NIM (%) 5.6 5.8 5.8 5.8 5.7 0.1 N
Slide 7: Agenda
Agenda • Economics and Industry Trend • Financial Results • Corporate Updates • Appendix Slide 7 Untuk Anda, Bisa
Slide 8: Highlights of FY 2010 Results
Highlights of FY 2010 Results • Total loans increased to Rp83 trillion or 31% higher compared to a year ago. • CASA increased 42% to Rp32 trillion, accounting for 40% of deposits • Pre-Provision Operating Profit increased 17% to Rp6.7 trillion • NPAT rose 88% to Rp2.9 trillion • Net Interest Margin
Slide 9: Highlights of Income Statement
Highlights of Income Statement 2009 2010 YoY 1Q10 2Q10 3Q10 4Q10 NII before acquisition cost 9,462 11,315 20% 2,676 2,760 2,906 2,972 NII after acquisition cost 9,462 9,908 5% 2,394 2,448 2,548 2,518 Non-Interest Income 1,879 3,335 77% 694 890 936 815 Operating Income 11,341 13,243 17% 3,088 3,337 3
Slide 10: Highlights of Balance Sheet
Highlights of Balance Sheet 2009 2010 YoY 1Q10 2Q10 3Q10 4Q10 Total Assets 98,598 118,207 20% 97,330 100,447 105,221 118,207 Loans (gross) 1 63,278 82,658 31% 64,447 71,074 77,373 82,658 Government Bonds 11,011 6,138 -44% 10,748 9,827 8,496 6,138 Total Deposits 68,419 80,921 18% 65,579 67,915 71,792
Slide 11: Key Ratios
Key Ratios 2009 2010 YoY 1Q10 2Q10 3Q10 4Q10 Net Interest Margin 11.1 11.3 0.2 11.7 11.6 11.4 10.6 Cost of Credit 4.6 3.4 -1.2 3.5 3.3 3.8 3.2 Cost / Income 49.8 49.7 -0.1 47.5 50.8 48.2 52.2 ROAA 1.5 2.8 1.3 2.9 3.0 3.0 2.4 ROAE 11.2 18.5 7.3 18.0 19.3 19.7 17.1 Assets to Capital 6.6 7.1 0.5 6.2 6.
Slide 12: NIM stood at 11.3%
NIM stood at 11.3% Net Interest Margin Net Interest Income %, annualized 2010 Earning Asset Yield Wholesale 2010: 6% SME/Commercial 2009: 6% 2010: 13% 2009: 13% * Cost of Funds Retail 2010: 15 % Mass market 2009: 16% 2010: 67% 2009: 64% Net Interest Income 2010: Rp 9,908 billion 2009: Rp9,462 billio
Slide 13: Non-interest income contributed to 25% of operating income in 2010
Non-interest income contributed to 25% of operating income in 2010 Non-Interest Income by Segment Non-Interest Income by Type 2010 2010 General Insurance Wholesale 2010: 11% Others SME & 2010: 10% 2009: 16% 2010: 3% Commercial 2009: 17% 2009: 5% Treasury Products 2010: 6% 2009: 11% 2010: 0% 2009: 13
Slide 14: Cost to income ratio was little changed despite aggressive expansion
Cost to income ratio was little changed despite aggressive expansion in the labor intensive mass market segment Operating Income and Expense Rp billion Operating Income Operating Expenses ▼ Cost to Income Ratio 3,337 3,485 3,334 2,984 3,088 1,694 1,680 1,741 1,517 1,466 4Q09 1Q10 2Q10 3Q10 4Q10 Slid
Slide 15: Cost of credit was Rp 2,437 billion, representing 3.2% of earning assets
Cost of credit was Rp 2,437 billion, representing 3.2% of earning assets Cost of Credit / Avg. Earning Assets %, Annualized 6.3% Normalized CoC Extraordinary items 1.7% 3.8% 3.3% 0.2% 3.2% 3.5% 0.2% 4.6% 3.6% 3.0% 3.4% -0.1% 4Q09 1Q10 2Q10 3Q10 4Q10 Cost of Credit has been restated in accordance to
Slide 16: Cost of credit by business segment
Cost of credit by business segment Cost of Credit Rp billion 684 3,148 613 578 562 2,437 24% 3% 0 7% 5% 10% 8% 7% 6% 55% 75% 2009 2010 Wholesale SME & Commercial Retail Mass Market Non Recurring Slide 16 Untuk Anda, Bisa
Slide 17: Loans grew 7% in the fourth quarter, bringing YTD growth of 31%
Loans grew 7% in the fourth quarter, bringing a commulative YTD growth of 31% Loan Composition Loan Growth Rp billion 82,658 77,373 4Q09 3Q10 4Q10 YoY 71,074 64,447 63,278 Wholesale 7,789 10,004 10,689 38% SME & 16,481 18,350 19,639 19% Commercial Retail 4,924 4,557 4,483 -9% Mass Market 34,083 44,4
Slide 18: Mass market loans increased 40% driven by automotive financing and micro lending
Mass market loans increased 40% driven by a robust growth in automotive financing and micro lending Mass Market Loan Composition Mass Market Loan Growth Rp billion 47,846 44,462 4Q09 3Q10 4Q10 YoY 40,074 35,765 34,083 Adira Quantum 1 882 1,113 1,198 36% 3% Adira Finance 2 19,134 27,835 30,675 60% CM
Slide 19: Non-performing loans
Non-performing loans Loan’s Collectibility % )$# " $ Non-Performing Loans by Segment 2,802 2,546 2,484 2,383 2,373 Slide 19 Untuk Anda, Bisa
Slide 20: Special mention loans composition
Special mention loans composition Special mention loans by Aging % *$ Special mention loans by Segment 8,795 8,228 7,569 6,331 5,659 Slide 20 Untuk Anda, Bisa
Slide 21: CASA increased 42% to Rp32trillion, accounting for 40% of deposits
CASA increased 42% to Rp32trillion, accounting for 40% of deposits Funding Composition Current Account Savings Time Deposits Long-Term Funding ∆YoY 92,686 21% 13% 46% 79,557 76,378 75,758 73,396 10% 11% 11% 11% 52% 54% 55% 6% 59% 58% 23% 23% 24% 39% 20% 21% 10% 10% 12% 11% 12% 48% 4Q09 1Q10 2Q10 3Q1
Slide 22: Liquidity Management
Liquidity Management Regulatory LDR as the straight formula comparing third party lending against third party deposits stood at 93.8%. Modified LDR that includes cash capital and professional funding gives a better picture of liquidity of a Bank. This is in accordance to Basel II. As of December 201
Slide 23: CAR stood at 16.0% at the end of 2010
CAR stood at 16.0% at the end of 2010 Total Equity Consolidated CAR In % 4Q09 1Q10 2Q10 3Q10 4Q10 Car with Credit Risk 20.8 21,7 19.6 19.1 18.5 Market Risk 0.1 0.2 0.1 0.1 0.1 Operational Risk 1.8 1.3 2.5 2.4 CAR 20.7 19.7 18.2 16.4 16.0 Slide 23 Untuk Anda, Bisa
Slide 24: Agenda
Agenda • Economics and Industry Trend • Financial Results • Corporate Updates • Appendix Slide 24 Untuk Anda, Bisa
Slide 25: Corporate Updates
Corporate Updates • Adira issued Rp. 2 trillion fixed rate bonds in the fourth quarter of 2010 Bonds issuance • Danamon issued Rp. 2.8 trillion fixed rate bonds in the fourth quarter of 2010 plan • The bonds issuance is as part of the bank’s strategy to diversify funding sources as well as for asset
Slide 26: Agenda
Agenda • Economics and Industry Trend • Financial Results • Corporate Updates • Appendix Slide 26 Untuk Anda, Bisa
Slide 27: Share Price and Credit Ratings
Share Price and Credit Ratings Daily share price and trading volume - , Danamon # " 0 . / . / PEFINDO Corporate Rating idAA+ / Stable ) &++ Bond Rating idAA+ / Stable Standard & Poor’s Long-term / Short-term Local BB- / B / Stable &++ Currency Long-term / Short-term Foreign BB- / B / Stable Currency
Slide 28: Thank You
Thank You Investor Relations Bank Danamon Indonesia Menara Bank Danamon, 6th Floor Jl. Prof. Dr. Satrio Kav. E4 No.6 Mega Kuningan, Jakarta 12950 Phone: +62 21 5799 1001-03 Fax: +62 21 5799 1445 Email: [email protected] Slide 28 Untuk Anda, Bisa
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