PT Bank Danamon Indonesia Tbk Class A · IDX:BDMN
PT Bank Danamon Indonesia Tbk Class A — Bank Danamon Indonesia — H1 2009 Earnings Presentation
31 slides from PT Bank Danamon Indonesia Tbk Class A's earnings presentation, Jul 16, 2009
Slide 1: Analyst Briefing: First Half and Second Quarter 2009 Results
Analyst Briefing First Half and Second Quarter 2009 Results Jakarta, 16 July 2009 Untuk Anda, Bisa
Slide 2: Agenda
Agenda • First Half and Second Quarter 2009 Performance • Financial Results • Asset Quality • Business Update • Latest Update • Appendix Slide 2 Untuk Anda, Bisa
Slide 3: Highlights of Second Quarter 2009 Results
Highlights of Second Quarter 2009 Results • Mass market loans grew by 18% to Rp. 31 trillion and contributed to 51% of total loan book • Operating Income increased by 15%QoQ to Rp. 2,847 billion • Reported NPAT rose by 21%QoQ to Rp. 477 billion • Net Interest Margin improved to 11.5% • Consolidated
Slide 4: Highlights of Income Statement
Highlights of Income Statement 1H08 1H09 YoY 1Q09 2Q09 QoQ Net Interest Income 4,056 4,419 9% 2,074 2,345 13% Fee Income 1,046 908 (13%) 422 486 15% Operating Income before Gain (Loss) on 5,102 5,327 4% 2,496 2,831 13% Sale of Marketable Securities Gain (Loss) on Sale of Marketable (107) 5 NM (12) 1
Slide 5: Highlights of Balance Sheet
Highlights of Balance Sheet 1H08 1H09 YoY 1Q09 2Q09 QoQ Total Assets 96,582 98,888 2% 104,843 98,888 (6%) Loans (gross) 1) 61,207 61,586 1% 63,317 61,586 (3%) Government Bonds 13,129 13,175 0% 13,419 13,175 (2%) Total Deposits 65,939 67,696 3% 74,612 67,696 (9%) Current Account 7,192 6,993 (3%) 6,56
Slide 6: Key Ratios
Key Ratios 1H08 1H09 YoY 1Q09 2Q09 QoQ Net Interest Margin 1) 11.4 10.7 (0.6) 10.0 11.5 1.5 Cost / Income 51.2 50.7 (0.5) 52.7 49.1 (3.6) Normalized Cost of Credit 2, 3) 1.9 2.8 0.9 2.6 3.0 0.4 Normalized ROAA 3) 2.5 2.0 (0.5) 1.6 2.3 0.8 Normalized ROAE 3) 22.1 16.1 (6.0) 15.5 16.5 0.9 Reported Cos
Slide 7: NIM improved to 11.5% in the second quarter of 2009
NIM improved to 11.5% in the second quarter of 2009 due to lower cost of funds and lower carrying cost of excess liquidity Net Interest Income Net Interest Margin )* +, - Earning Asset Yield Wholesale 18.0 18.5 18.1 SME & Commercial 16.1 16.8 Retail Mass Market Cost of Funds 8.7 8.9 6.9 7.5 4,419 6.
Slide 8: Non-interest income contributed to 17% of operating income
Non-interest income contributed to 17% of operating income in the first half of 2009 Fee Income )* Rp. billion 1H08 1H09 YoY Wholesale Fee Income 1,046 908 (13%) SME & Commercial Retail Credit related fees 519 445 (14%) Mass market Cash management 118 128 8% 1,046 Treasury products 161 164 2% 908 Ad
Slide 9: Cost to Income Ratio improved to 49% in the second quarter
Cost to Income Ratio improved to 49% in the second quarter of 2009, reflecting expenses discipline Cost / Income Ratio + Rp. billion 1H08 1H09 YoY 56.6 Wholesale 233 192 (18%) 52.2 52.7 49.1 50.2 Retail 825 885 7% SME & Commercial 337 309 (8%) 2Q08 3Q08 4Q08 1Q09 2Q09 Mass Market 1,163 1,319 13% Bre
Slide 10: Normalized cost of credit in the first half of 2009
Normalized cost of credit was Rp. 939 billion in the first half of 2009, representing 2.8% of earning assets Cost of Credit 1) Cost of Credit / Avg. Earning Assets 2 )* +, - One-off items No n-recurring Who lesale Normalized CoC SM E & Co mmercial 7% Retail 6.0% M ass market 1,182 6% Non-recurring 2
Slide 11: Total loans reached Rp. 62 trillion in the second quarter of 2009
Total loans reached Rp. 62 trillion in the second quarter of 2009 as mass market loans continue to grow Loans Composition Loan Growth )* )* YoY 66,523 66,898 1H08 1H09 61,207 63,317 Rp.bn % 61,586 17% 19% 18% 17% 13% Wholesale 10,665 8,186 (2,479) (23%) 28% SME & 31% 28% 27% 18,639 16,532 (2,107) (1
Slide 12: Mass market loans grew by 18%
Mass market loans grew by 18% driven by auto financing and micro lending businesses Mass Market Loan Composition Loan Growth )* . . YoY Rp. billion Jun-08 Jun-09 31,043 30,766 31,314 Rp.bn % 29,531 2% 2% 3% 26,512 2% Hire Purchase 1) 579 819 240 41% 13% 13% 14% 1% 13% 14% Cars 2) 3,352 4,272 920 27%
Slide 13: Government bonds amounted to Rp. 13 trillion
Government bonds amounted to Rp. 13 trillion, representing 13% of the bank’s assets Government Bonds Composition Government Bonds Clasification and Duration )* )* Fixed Rate Variable Rate YoY Duration Jun-08 Jun-09 Rp.bn % (years) Bonds / Assets Held to 14% 2,314 2,539 225 10% 4.8 12% 12% 13% 13% ma
Slide 14: Total deposit increased by 3% to Rp. 68 trillion
Total deposit increased by 3% to Rp. 68 trillion and contributed to 88% of total funding Breakdown of Interest Bearing Funds Long-Term Funding )* 2 $3, 334 Current Account Savings Change Bonds Others Time Deposits Long Term Funding YoY 2009: 24% 2009: 35% 2008: 18% 2008: 27% 88,029 83,890 85,327 (2%
Slide 15: Consolidated Capital Adequacy Ratio improved to 22.6%
Consolidated Capital Adequacy Ratio improved to 22.6% in the second quarter of 2009 Movement of Capital Adequacy Ratio Rp. billion Jun-08 Jun-09 YoY + 5.4 1.5 22.6 Tier 1 Capital 10,199 14,175 39% (1.7) Tier 2 Capital 1,714 1,240 (28%) 17.4 Investments (313) (502) 60% Total Capital after 11,601 14,9
Slide 16: Agenda
Agenda • First Half 2009 Performance • Financial Results • Asset Quality • Business Update • Latest Update • Appendix Slide 16 Untuk Anda, Bisa
Slide 17: Well diversified loan portfolio
Well diversified loan portfolio Loans by Economic Sector Loans by Type 2 $3, 334 2 $3, 334 Manufacturing Working Capital Trading, Restaurant & 2009: 12% 2009: 42% Investment Hotel 2008: 15% 2008: 49% 2009: 18% 2009: 29% 2008: 15% 2008: 28% Business Services 2009: 12% 2008: 12% Consumer 2009: 38% Tra
Slide 18: Special mention and non-performing loans ratio
Special mention and non-performing loans ratio Loan’s Collectibility Non-Performing Loans Breakdown + 6 + 5 6 Current Special Mention Non-Performing Collectibility 3 (Substandard) Collectibility 4 (Doubtful) Collectibility 5 (Loss) 2,133 2.3% 2.1% 2.3% 2.9% 3.6% 1,825 7.0% 7.2% 8.3% 9.7% 9.8% 1,534
Slide 19: Adequate loan loss provision to cover non-performing loans
Adequate loan loss provision to cover non-performing loans Non Performing Loans by Segments Loan Loss Provision / NPL 1) )* + Mass market Retail SME & Commercial Wholesale General Specific 2,133 1,825 14% 162 152 13% 1,534 137 1,333 1,333 8% 33% 118 91 107 10% 12% 35% 85 41% 10% 84 39% 38% 9% 79 8%
Slide 20: Agenda
Agenda • First Half 2009 Performance • Financial Results • Asset Quality • Business Update • Latest Update • Appendix Slide 20 Untuk Anda, Bisa
Slide 21: Self Employed Mass Market Business
Self Employed Mass Market Business SEMM also known as Outstanding Loans New loan disbursement Danamon Simpan Pinjam )* )* (DSP) was established in 2004 11,466 to serve and help micro and 10,965 10,958 2,250 9,548 10,278 2,231 2,094 small scale enterprises gain 1,917 1,619 better access to banking se
Slide 22: Adira Finance (auto financing business)
Adira Finance (auto financing business) The bank’s consumer auto Outstanding Receivables New Financing Volume financing business interest are )* )* managed through 95% owned Motorcycles Car Motorcycles Car a subsidiary Adira Finance. 4,285 16,469 17,007 16,801 16,862 3,510 14,811 23% 3,334 3,129 13,
Slide 23: Adira Finance (auto financing business): Business Update
Adira Finance (auto financing business) Business Update Rp. billion 1H08 1H09 YoY 1Q09 2Q09 QoQ New financing was Rp. 5.9 trillion in the first half of 2009, a decrease of 7% from same New Financing Units 541,654 459,519 (15%) 215,257 244,262 13% period last year. Outstanding receivables rose New Fi
Slide 24: Agenda
Agenda • First Half 2009 Performance • Financial Results • Asset Quality • Business Update • Latest Update • Appendix Slide 24 Untuk Anda, Bisa
Slide 25: General Meeting of Shareholders
General Meeting of Shareholders • We held an annual general meeting of shareholders (AGMS) on 25 May 2009 which approve agendas among others: — To approve the Annual Report of the Board of Directors for financial year ending on December 30, 2008 — To approve the payment of 50% of the bank’s 2008 net
Slide 26: The Exercise of ADMF Call Option
The Exercise of ADMF Call Option • We exercised our call option to purchase an additional 20% stake of Adira Finance from Mega Value Profits Limited on 9 July 2009. Hence our ownership The Exercise in Adira Finance increase from 75% to 95%. of Adira • The exercise price of the call option is Rp. 1,4
Slide 27: Agenda
Agenda • First Half 2009 Performance • Financial Results • Asset Quality • Business Update • Latest Update • Appendix Slide 27 Untuk Anda, Bisa
Slide 28: Breakdown of Wholesale, Mid-size and Retail Loans
Breakdown of Wholesale, Mid-size and Retail Loans Wholesale Loans Retail Loans YoY YoY Rp. billion Jun-08 Jun-09 Rp. billion Jun-08 Jun-09 Rp.bn % Rp.bn % Corporate 8,677 6,885 (1,792) (21%) Retail Banking 1) 1,494 1,489 (5) (0%) JFAB 1) 1,687 1,271 (416) (25%) Credit Card 1,651 1,864 213 13% Syaria
Slide 29: Reduced exposure to foreign currency forward contracts (TARN)
We have reduced exposure to foreign currency forward contracts (TARN) to USD 4 million Unwound but not settled Outstanding contracts As of Dec 31, 2008 Number of customers 32 Number of customers 23 As of July 14, 2009 # of customers 28 # of customers 13 Net notional amount USD 35 mn Receivables: Rp.
Slide 30: Share Price and Credit Ratings
Share Price and Credit Ratings Daily share price and trading volume Danamon ;:1 2 PEFINDO Corporate Rating idAA+ / Stable : )* 7 ) 1 334 Bond Rating idAA+ / Stable 120 9,0 00 Standard & Long-term / Short-term Local BB- / Stable / B 8,0 00 Poor’s Currency 100 7,0 00 : 339 Long-term / Short-term Forei
Slide 31: 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 www.danamon.co.id Untuk Anda, Bisa
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