PT Bank Danamon Indonesia Tbk Class A · IDX:BDMN

PT Bank Danamon Indonesia Tbk Class A — Bank Danamon Indonesia — FY2009 Earnings Presentation

21 slides from PT Bank Danamon Indonesia Tbk Class A's earnings presentation, Feb 23, 2010

  1. Slide 1: Analyst Briefing Full Year 2009 Results

    Analyst Briefing Full Year 2009 Results Jakarta, 23 February 2010 Slide 1 Untuk Anda, Bisa

  2. Slide 2: Agenda

    Agenda • 2009 Results • Corporate Updates • Appendix Slide 2 Untuk Anda, Bisa

  3. Slide 3: Highlights of 2009 Full Year Results

    Highlights of 2009 Full Year Results • Mass market loans grew 10% to Rp 34 trillion, representing 54% of total loans • Loan grew 2% in the fourth quarter • CASA improved to 33% of total deposits • Net Operating Income increased 19% to Rp 5,656 billion • Net Interest Margin expanded to 12% • Equity i

  4. Slide 4: Highlights of Income Statement

    Highlights of Income Statement 1Q09 2Q09 3Q09 4Q09 FY08 FY09 YoY Net Interest Income 2,074 2,345 2,479 2,564 8,354 9,462 13% Non-Interest Income 411 502 546 420 1,878 1,879 0% Operating Income 2,485 2,847 3,025 2,984 10,232 11,341 11% Operating Expenses (1,308) (1,397) (1,450) (1,530) (5,485) (5,685

  5. Slide 5: Highlights of Balance Sheet

    Highlights of Balance Sheet 1Q09 2Q09 3Q09 4Q09 FY08 FY09 YoY Total Assets 104,843 98,888 100,128 98,598 107,268 98,598 (8%) Loans (gross) 1 63,317 61,586 62,145 63,278 66,898 63,278 (5%) Government Bonds 13,419 13,175 11,743 11,011 13,083 11,011 (16%) Total Deposits 74,612 67,696 69,185 68,419 75,3

  6. Slide 6: Key Ratios

    Key Ratios 1Q09 2Q09 3Q09 4Q09 FY08 FY09 YoY Net Interest Margin 10.0 11.5 13.1 13.4 11.1 12.0 0.9 Cost / Income 52.7 49.1 47.9 51.3 53.6 50.1 (3.5) Normalized Cost of Credit 1, 2 2.6 3.0 4.1 4.5 1.6 3.5 1.9 Normalized ROAA 2 1.6 2.3 2.5 1.6 2.4 2.0 (0.4) Normalized ROAE 2 15.5 16.5 17.4 10.6 22.3 1

  7. Slide 7: NIM stood at 13.4% in the fourth quarter due to lower cost of funds

    NIM stood at 13.4% in the fourth quarter due to lower cost of funds Net Interest Margin Net Interest Income %, annualized As of December 31 Earning Asset Yield Wholesale 2009: 11% 18.5 18.5 18.3 SME/Commercial 18.0 18.1 2008: 10% 2009: 12% 2008: 10% 8.7 8.9 7.5 6.6 6.0 Cost of Funds 13.4 13.1 11.5 1

  8. Slide 8: Non-interest income contributed to 17% of operating income in 2009

    Non-interest income contributed to 17% of operating income in 2009 Non-Interest Income by Segment Non-Interest Income by Type As of December 31 As of December 31 SME & Others Wholesale General Insurance Commercial 2009: 5% 2009: 17% 2009: 16% 2009: 11% 2008: 2% 2008: 10% 2008: 13% 2008: 16% Transact

  9. Slide 9: Discipline expense management drove cost to income ratio to 50% in 2009

    Discipline expense management drove cost to income ratio to 50% in 2009 Breakdown of Operating Expenses Rp billion Operating Income Operating Expenses 56.6% Cost to Income Ratio 52.6% ▼ 51.3% 49.1% 47.9% 3,025 2,847 2,984 2,536 2,485 1,530 1,435 1,397 1,450 1,308 4Q08 1Q09 2Q09 3Q09 4Q09 Slide 9 Unt

  10. Slide 10: Normalized cost of credit amounted to Rp 2,340 billion

    Normalized cost of credit amounted to Rp 2,340 billion, representing 3.5% of earning assets Cost of Credit by Segment Cost of Credit / Avg. Earning Assets Rp billion %, Annualized Extraordinary items Normalized CoC Extraordinary items Wholesale 3,083 SME & Commercial 6.0% 6.2% Retail Mass market 24%

  11. Slide 11: Loan started to grow since third quarter; loan grew 2% in the fourth quarter

    Loan started to grow since third quarter; loan grew 2% in the fourth quarter Loan Composition Loan Growth Rp billion Year-on-Year YoY Rp billion 2008 2009 66,898 Rp bn % 63,317 61,586 62,145 63,278 17% Wholesale 11,518 7,789 (3,729) (32%) 19% 13% 12% 17% 26% SME & 31% 26% 18,678 16,481 (2,197) (12%)

  12. Slide 12: Mass market loans grew 10% driven by automotive financing and micro lending

    Mass market loans grew 10% driven by automotive financing and micro lending businesses Mass Market Loan Composition Mass Market Loan Growth Rp billion YoY 34,084 Rp billion 2008 2009 32,770 Rp bn % 31,043 30,766 31,314 3% 3% 2% 2% 2% Adira Quantum 1 767 882 115 15% 54% 56% Adira Finance 2 17,007 19,

  13. Slide 13: Non-performing loans

    Non-performing loans Loan’s Collectibility 2.4% 3.0% 3.6% 4.1% 4.6% 8.3% 9.7% 9.8% 10.8% 9.4% Non-Performing 89.3% 87.3% 86.6% 85.1% 86.0% Special Mention Current 4Q08 1Q09 2Q09 3Q09 4Q09 Non-Performing Loans by Segment 2,802 2,450 31% Wholesale 2,133 18% 1,825 14% 1,534 13% 33% SM E & Commercial 9%

  14. Slide 14: Special mention loans composition

    Special mention loans composition Special mention loans by Aging 5% 10% 9% 8% 7% 61 - 90 Days 13% 12% 14% 14% 15% 31 - 60 Days 82% 79% 78% 79% 75% 1 - 30 Days 0 Day 0% 0% 0% 0% 0% 4Q08 1Q09 2Q09 3Q09 4Q09 Special mention loans by Segment 6,412 5,978 5,849 2% 4% 5,659 3% 5,398 2% 1% 5% 4% Wholesale 7

  15. Slide 15: Savings increased 20%; CASA accounted for 33% of total deposits

    Savings increased 20%; CASA accounted for 33% of total deposits Funding Composition Current Account Savings Time Deposits Long-Term Funding ∆YoY 88,029 85,327 76,835 77,958 76,613 (13%) 14% 12% 12% 11% 10% (35%) 63% 65% 60% 62% 61% (18%) 15% 15% 17% 19% 20% 20% 8% 8% 9% 9% 10% 4% 4Q08 1Q09 2Q09 3Q09

  16. Slide 16: Equity expanded 49%, bringing CAR to 20.7% at the end of 2009

    Equity expanded 49%, bringing CAR to 20.7% at the end of 2009 Total Equity Consolidated CAR 22.6 20.9 20.7 15,619 15,806 14,917 16.9 15.4 10,989 10,579 4Q08 1Q09 2Q09 3Q09 4Q09 4Q08 1Q09 2Q09 3Q09 4Q09 Slide 16 Untuk Anda, Bisa

  17. Slide 17: Agenda

    Agenda • 2009 Results • Corporate Updates • Appendix Slide 17 Untuk Anda, Bisa

  18. Slide 18: Corporate Updates

    Corporate Updates IFRS • We are implementing PSAK 50 & 55 in 2010. The implementation of these new Compliance accounting standards is estimated to have a positive impact to our retained (PSAK 50 and earnings 55) • We will start to implement capital charge for operational risk (as part of Basel II) I

  19. Slide 19: Agenda

    Agenda • 2009 Results • Corporate Updates • Appendix Slide 19 Untuk Anda, Bisa

  20. Slide 20: Share Price and Credit Ratings

    Share Price and Credit Ratings Daily share price and trading volume Danamon #$% &! $ *" ( ) ( ) PEFINDO Corporate Rating idAA+ / Stable Bond Rating idAA+ / Stable 120 6,000 Standard & Poor’s Long-term / Short-term Local BB- / B / Positive 100 5,000 Currency Long-term / Short-term Foreign BB- / B / P

  21. Slide 21: 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 21 Untuk Anda, Bisa

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