CORPORATE PRESENTATION
AS OF MARCH 2021 FINANCIAL RESULT
PT BANK PERMATA TBK DISCLAIMER
Laporan ini disusun oleh PT Bank Permata Tbk secara independen dan diedarkan hanya untuk tujuan informasi umum. Hal ini tidak dimaksudkan untuk orang tertentu yang mungkin menerima laporan ini. Informasi dalam laporan ini telah diperoleh dari sumber-sumber yang kami anggap dapat dipercaya. Tidak ada jaminan (tersurat maupun tersirat) yang dibuat untuk keakuratan atau kelengkapan informasi. Semua pendapat dan perkiraan yang termasuk dalam laporan ini merupakan penilaian kami pada tanggal ini dan dapat berubah tanpa pemberitahuan sebelumnya.
Kami tidak bertanggung jawab atau memiliki kewajiban apa pun tanpa pemberitahuan sebelumnya dari PT Bank Permata Tbk dan / atau karyawan dan / atau agen mereka masing-masing yang timbul yang dapat dibawa atau diderita oleh orang lain sebagai akibat bertindak atas dasar seluruh atau sebagian dari isi laporan ini. Baik PT Bank Permata Tbk dan / atau perusahaan afiliasinya dan / atau karyawan dan / atau agennya masing-masing tidak bertanggung jawab atas kesalahan, kelalaian dalam laporan ini dan setiap ketidakakuratan atau kelalaian yang mungkin timbul.
This report has been prepared by PT Bank Permata Tbk independently and is circulated for the purpose of general information only. It is not intended to the specific person who may receive this report. The information in this report has been obtained from sources which we deem reliable. No warranty (expressed or implied) is made to the accuracy or completeness of the information. All opinions and estimations included in this report constitute our judgment as of this date and are subject to change without prior notice.
We disclaim any responsibility or liability without prior notice of PT Bank Permata Tbk and/or their respective employees and/or agents whatsoever arising which may be brought against or suffered by any person as a result of acting in reliance upon the whole or any part of the contents of this report and neither PT Bank Permata Tbk and/or its affiliated companies and/or their respective employees and/or agents accepts liability for any errors, omissions, negligent or otherwise, in this report and any inaccuracy herein or omission here from which might otherwise arise. PERFORMANCE HIGHLIGHTS
Amid the efforts of the government and the business world to rise and encourage economic growth and restore business conditions in Indonesia which were affected by the COVID-19 pandemic, PT Bank Permata Tbk ("PermataBank" or "Bank") is able to make a positive contribution to the Indonesian economy by continuing the momentum of increasing good performance in the first quarter of 2021 ("Q1-21) by executing its strategy well so as to be able to record growth in operating profit, asset growth with manageable asset quality, maintaining optimal liquidity and a very strong capital position to support a sustainable business growth..
PermataBank's business growth in Q1-21 recorded a significant increase compared to the same period last year along with the growth in total assets of 21.5% yoy to Rp.203.5 trillion, making PermataBank the 10th largest commercial bank in Indonesia in terms of total assets. The Bank successfully completed the integration with Bangkok Bank Indonesia Branch (“BBI”) on 21st December 2020.
Operating Profit was recorded at IDR 650 billion or grew 183.9% yoy compared to the same period last year, which was mainly contributed by an increase in Net Interest Income by 24.4% yoy to IDR 2.0 Trillion at the end of Q1-21.
Operational costs were well managed with the allowance for impairment loan decreased by 34% to Rp. 420 billion in Q1-21 compared to Rp. 636 billion last year in line with the quality of assets that are well managed. The Bank ensured that the allowance for loan impairment is prudently provided to anticipate any potential future loss affected by COVID-19 pandemic. This resulted an improvement in ratio Operating Expenses compared to Operating Income (BOPO) to 82.3% compared to the same period last year of 94.0%.
With all improvements above, PermataBank's profit after tax until Q1-21 increased significantly to Rp. 494 billion compared to Rp. 2 billion in the same period last year. 3 PERFORMANCE HIGHLIGHTS Selective Loan Financing to customers with healthy economic sectors and continue to support debtors affected by COVID-19 through Loan Restructuring program • In Q1-21, Loan grew 6.6% yoy to Rp. 117.7 trillion, mainly driven by loan growth in the Wholesale Banking segment of 28.7% yoy and Mortgage of 15.5% yoy. PermataBank continues to encourage selective loan financing growth for customers with healthy economic sectors and sees financing opportunities in accordance with Bank’s appetite and principle of prudence in order to maintain the loan quality. • Further, the Bank continues assisting the affected debtors by carrying out loan restructuring and relaxation program in accordance with OJK directives and also participating in the National Economic Recovery (PEN) program. PermataBank fully supports the steps taken by the government to accelerate Indonesia economy recovery. • As of Mar 2021, the total requests for the loan restructuring program* approved by Bank Permata amounted to IDR 13.4 trillion (including ex-BBI debtors) or 11.4% of total loans in Mar 2021 along with IDR 1.4tn added from relaxation loan.
The NPL is properly managed at safe level • The NPL-gross and NPL-net ratios in Q1-21 were recorded at 2.9% and 1.0% respectively, which was maintained stable compared to the position in Dec 2020 and improved compared to the position in Mar 2020 of 3.2% and 1.2%, respectively. This proves that in the conditions of the COVID-19 pandemic and the declining financial capacity of debtors in almost all industry segments, the Bank still be able to manage the NPLs well. • The NPL coverage ratio increased to 246.0% as of Mar 2021, compared to 238.8% as of Dec-2020 and 152.2% as of Mar-2020. This is in line with the efforts to maintain conservative approach in anticipating any potential future losses in prudent manners. NPL improvements will continue to be achieved through restructuring of problem loans, write-offs of loans, sales of NPL loans and growth in good book loans * Exclude cancelled account and relaxation loan 4 PERFORMANCE HIGHLIGHTS
Strong liquidity is supported by the increase of low-cost funds (CASA) proportion and strong capital to support broader business growth • Liquidity was still maintained strong as reflected in the Loan to Deposit Ratio (LDR) of 77% at the end of Mar 2021, down from last year's position of 80%. This is still in line with industry conditions and the Bank's strategy to maintain adequate liquidity in the midst of the COVID-19 pandemic. • Total Bank’s deposits grew by 12.2% yoy, with the largest contribution coming from Current Account of 20.3%, followed by Time Deposits of 10.0% and Savings of 6.2%. This resulted higher CASA ratio to 54.4%, an increase of 90bps compared to Mar 2020 position at 53.5% and Dec 2020 position at 51.2%. • PermataBank capital is maintained strong post integration with BBI by end Dec 2020, reflected with CAR and CET-1 ratios by end of Mar 2021 of 35.2% and 26.6%, respectively, an increase compared to 19.6% and 18.4% in Mar 2020 and far above the minimum regulatory requirement or the average CAR ratio of the banking industry in January 2021, which was 24.5%.
5 INDONESIA MACRO ECONOMY CONDITION
Decreasing interest rate to boost domestic growth Deflationary trend continues in Q1-21
4.0%
3.0% 5.00% 2.7% 4.75% 4.25% 2.0% 4.00% 4.00% 2.0% 3.75% 1.7% 3.50% 1.4% 1.6% 1.4%
7 Days Reverse Repo rate Inflation
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Rupiah starting recover since Nov-20, with incoming foreign fund GDP Growth is still minus due to low consumption
5.18% 5.07% 5.05% 5.02% 16,568 4.97%
2.97% 14,850 14,832 14,590 14,101 14,400 14,697 13,961 14,031 Q4-18 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20
-2.07%
-3.49%
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14-Mar-20 14-Mar-21 14-May-20 -5.32% 6 BANK PERMATA IN BRIEF
Year Established 1955 Controlling Shareholders Listing at the Bourse Since 1990 at the Jakarta Stock Exchange and Surabaya Stock Exchange (both merged and now known as the Indonesian Stock Exchange (BEI)
Asset ** Rp 203.5 tn (consolidated) Market Capitalization ** Rp 56.9 tn . Bangkok Bank is the largest corporate bank in Thailand, ** Network & Branches Total 295 Branches consist of : with Total Assets of ± US$ 122 Billion* and has more than • 69 Branch Offices (incl.16 Sharia Branches & 1 HO) 17 million customer accounts with 1,200 branches • 211 Sub Branch (incl. 5 Sharia Sub Branches) • 15 Cash Offices (incl. 1 Sharia Services) nationwide
. Bangkok Bank has the largest overseas branch network ATMs * 913 (incl. 17 sharia ATMs) and additional access to >100,000 ATMs* of any Thai bank, with 31 overseas locations in 15 nation, including China, Cambodia, Hong Kong, Indonesia, Shareholders ** • Bangkok Bank Public Company Ltd (98.71%) Japan, Laos, Malaysia, Myanmar, the Philippines, • Public (1.29%) Singapore, Taiwan, Vietnam, the United Kingdom, and the United States.
. Bangkok Bank has core presence in key ASEAN market, Corporate Rating id AAA (Pefindo) Baa2 (Moody’s) leveraging on cross border trade, capital, wealth and investment flow. Bangkok Bank is aiming to become a Sub Debt Rating id AA+ (Pefindo) leading and well-diversified ASEAN regional bank.
. Bangkok Bank has been in presence in Indonesia since Id AA (Pefindo) Basel-III Sub Debt Rating 1968 with deep understanding of the Indonesian banking sector.
* connected through Alto, Visa Plus, ATM Bersama, Master Card, Cirrus and Prima networks ** as of Mar-21 *) exchange rates of 14 April 2021 7 NETWORK AND BRANCHES R10 NORTH & WEST SUMATERA, RIAU ISLANDS Branches : 26 R8 BORNEO Branches : 13
R11 SOUTH SUMATERA Branches : 10
R1-4 JABODETABEKA
Branches : 135 R9 BALI, NTB & SULAWESI R7 EAST JAVA Branches : 22 Branches : 36
R5 West Java Branches : 21 R6 CENTRAL JAVA & JOGJAKARTA Branches : 20 913 ATM 69 Branch Offices 211 Sub-Branches 15 Cash Offices Connected with> 10,000 ATM networks 16 Sharia Branches 5 Sharia Sub-Branches 1 Sharia Cash Offices across Indonesia
Note: All numbers as of March 2021 8 BANK PERMATA STRATEGIC DIRECTION
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9 BANK PERMATA SYNERGY WITH BANGKOK BANK Focus Area Synergy between Bank Permata and Bangkok Bank
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10 FINANCIAL PERFORMANCE KEY FINANCIAL HIGHLIGHTS Mar 2020 Mar 2021 ∆ (%)
Loans (Rp Tn) 110.5 → 117.7 +6.6%
Gross NPL Ratio 3.2% → 2.9% -0.25% Net NPL Ratio 1.2% → 1.0% -0.3% NPL Coverage Ratio 152.2% → 246.0% +93.9%
CASA Ratio 53.5% → 54.4% +0.9% [CASA (Rp Tn)]* 71.1 → 81.1 +14.0% LDR 79.9% → 76.6% -3.4% NIM 4.6% → 4.5% -0.1% BOPO 94.0% → 82.3% -11.8% CIR 61.0% → 59.5% -1.4% Profit Before Tax (Rp Bn) 280.9 → 654.4 +133% Profit After Tax (Rp Bn) 1.7 → 493.7 +28340%
Notes : * Including Sharia deposits Source : Published Report (Consolidated) 12 INCOME STATEMENTS
(in IDR bn) Mar-21 Mar-20 YoY
Net Interest Income 1,996 1,605 24% Non Interest Income 386 484 -20% Revenue 2,382 2,088 14% Operating Expense 1,311 1,223 7% Pre Provision Operating Profit 1,071 865 24% Provision for losses 420 636 -34% Operating Profit 650 229 184% Non Operating Income 4 52 -92% Profit Before Tax 654 281 133% Tax (161) (279) -42% Profit After Tax 494 2 28340%
• The significant increase in loan impairment began in March 2020 due to higher expected Loan losses and market volatility in anticipation to COVID-19 pandemic. With the improvement in asset quality during the current period, the amount of loan impairment for expected credit losses decreased by 34% to Rp.420 billion in Q1-21 compared to last year of Rp636 billion. • The deterioration in some Macro Economic Variables (MEV) have been applied in calculating the Probability of Default (PD) of loan portfolio
Source : Published Report (Consolidated) 13 BALANCE SHEETS
(in IDR tn) Mar-21 Mar-20 YoY
Cash 1.6 2.4 -34.2% Placement with Bank Indonesia 18.2 17.4 4.6% Placement with Other Banks 5.2 7.8 -32.7% Marketable Securities * 57.2 20.6 176.9% Loans (gross) 117.7 110.5 6.6% Allowance for Loan Impairment Losses (8.3) (5.2) 60.2% Other Assets 11.8 14.0 -15.3% Total Assets 203.5 167.5 21.5% Deposits ** 149.2 133.0 12.2% - Current Accounts 47.5 39.5 20.3% - Saving Accounts 33.6 31.6 6.2% - Time Deposits 68.0 61.8 10.0% Subordinated Debt & Other Borrowings 10.1 1.6 545.5% Others Liabilities 8.8 9.7 -9.6% Total Liabilities 168.1 144.2 16.6% Shareholders' Equity 35.4 23.2 52.3% Total Liabilities & Shareholders' Equity 203.5 167.4 21.5%
Source : Published Report (Consolidated) 14 FINANCIAL RATIOS
(in %) Mar-21 Mar-20 ∆
CET-1 ratio 26.6 18.4 8.1
Total CAR 35.2 19.6 15.6
Loan to Deposit Ratio (LDR) 76.6 79.9 -3.4
CASA Ratio 54.4 53.5 0.9
ROA 1.3 0.7 0.6
ROE 4.7 0.0 4.7
BOPO 82.3 94.0 -11.8
CIR 59.5 61.0 -1.4
NIM 4.5 4.6 -0.1
NPL Gross 2.9 3.2 -0.2
NPL Net 1.0 1.2 -0.3
NPL Coverage ratio 246 152 94 Source: Published and Management Report (Bank only) Regulatory Coverage ratio 264 159 105 Note: CASA Ratio includes Sharia deposits
15 SUSTAINABLE LOAN GROWTH DURING PANDEMIC
Loan +6.6% YOY (as of March 2021)
118.0 117.7
110.5
103.4 102.7
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21
Loan By Currencies Loan By Type
22% 12%
IDR Conventional
78% FCY 88% Sharia
Source : Published and Management Report (Bank Only) 16 BETTER ASSET QUALITY AMIDST PANDEMIC
+24 bps YOY 5.0%
3.8% 3.8% 4.0% 3.6% 3.7% 3.3% 3.2% 2.8% 2.9% 2.9% 3.0% Gross NPL
1.8% 2.0% 1.6% 1.3% 1.3% 1.5% 1.2% 1.2% Net NPL 1.0% 1.0% 1.0%
0.0% Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21
Loan by Collectability* (% to total Loan) NPL Coverage Ratio (%)
3.4 tn 3.3 tn 3.4 tn 264% 239% 246% 223% 3.2% 2.8% 2.9% NPL Gross 152% 159% 5.0% 6.3% 5.9% SML
92.2% Current 90.5% 91.2% Mar-20 Dec-20 Mar-21
Mar-20 Dec-20 Mar-21 NPL Coverage Ratio Regulatory Coverage Ratio Source : Published and Management Report (Bank Only) 17 RESTRUCTURED LOAN DUE TO COVID-19
• As of 31 Mar 2021, a total restructuring exposure of IDR 13.4tn (or 11.4% of portfolio) have been approved by the bank. • As of 29 Dec 20, Permata receive Loan Restructured from ex-BBI Debtors, amounted to IDR 5.4 Tn as in Wholesale Banking (WB) Portfolio.
Restructured by Segment (Rp Tn) Total Bankwide Portfolio (Rp Tn)
3.64 (27.1%) WB SME 104.3 118 Tn 13.4 (11.4%) Retail (88.6%) 1.87 7.94 (13.9%) (59.1%)
Restructuring Loan Non Restru Loan
18 18 STRONG DEPOSIT COMPOSITION
Deposit by Currencies (Mar-21)
53.5 54.4 52.1 50.8 51.2 FCY, 19% CASA Ratio (%) +12.2% YOY IDR, 81% 160.0 145.6 149.2 133.0 133.3 140.0 124.5 120.0 71.1 68.0 100.0 61.8 65.7 59.7 Deposit by Types (Mar-21) 80.0
60.0 Sharia 40.0 81.1 12% 71.1 64.8 67.7 74.5 20.0 - Convention Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 al 88% CASA Time Deposits
Source : Published and Management Report (Bank Only) 19 SUSTAINABLE LEVEL OF NIM & OVERALL YIELD
10.0% 8.4% 8.3% 8.4% 8.4% 8.1% 7.9% 7.6% 7.7% 8.0% 6.3% 6.0% 4.4% 4.6% 4.5% 4.4% 4.7% 4.5% 4.0% 4.2% 4.2% 4.0% 4.8% 4.7% 4.6% 4.6% 4.0% 3.9% 3.8% 3.7% 2.0% 2.6%
0.0% Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21
Yield of Interest Earning Assets Cost of Interest Bearing Liabilities NIM
Source : Published and Management Report (Bank Only) 20 NON-INTEREST INCOME
Non Interest Income (IDR Bn) Mar-20 Mar-21 YOY Growth
188% 484 60% 75% 386 -11% -46% -31% -98% -20% 180 134 105 93 32 51 52 46 42 46 4 28 27 29
Net Gain and incr. Loan Related Fees Trade Finance Bancassurance Security Agency Credit Card & E- Others Total Non Interest value on Mktbl Services & Channel Income Securities trx, Spot Investment and Derivative trx. Services
Fee to Income Ratios 28% 25% 25% 25% 26% 26% 25% 23% 23% 24% 24% 22% 20% 18% 16% 16%
14% Fee InconeRatio (%) 12% 10% Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Source : Published and Management Report (Bank Only) 21 MANAGEABLE OPERATING EXPENSES
1,223 1,311 12% 6% 7% YOY Growth 1% -4% 699 -27% 622 Mar-20 378 401 Mar-21 32 23 89 90 103 98
Staff Cost Marketing & Information Depreciation and Others Total Operating Promotion Technology amortization Expenses
Cost to Income Ratio* Operation Efficiency Ratios* (BOPO)
70% 65% 64% 100% 65% 63% 62% 94% 58% 59% 59% 59% 60% 92% 55% 91% 55% 89% 90% 88% 88% 87% 50% 86% 82% 45%
40% 80%
Jun-19 Jun-20
Jun-20 Jun-19
Sep-19 Sep-20
Sep-19 Sep-20
Dec-19 Dec-20
Dec-19 Dec-20
Mar-19 Mar-20 Mar-21
Mar-19 Mar-20 Mar-21
Source : Published and Management Report (Bank Only) 22 STRONG AND ROBUST CAPITAL POSITION
35.7% 35.2% CAR (%)
26.9% 26.6% CET-1 (%) 21.3% 21.6% 19.6%
20.2% 20.5% 18.4% YOY Growth
41,451 42,273 101%
21,032 21,848 22,165
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Tier-1 Capital (IDR Bn.)
Description Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 YOY Growth RWA - Credit 98,837 92,530 92,540 103,972 106,736 8% RWA - Market 1,343 1,931 1,524 2,344 2,137 59% RWA - Operational 13,822 13,822 13,822 13,822 14,727 7% Total RWA 114,001 108,282 107,885 120,137 123,600 8%
Source : Published and Management Report (Bank Only) 23 BUSINESS UPDATES AND STRATEGY FOCUS OF WHOLESALE BANKING SEGMENT
25 RETAIL BANKING STRATEGY
26 RETAIL BANKING CAPABILITES
We launched many exciting digital capabilities to provide banking needs during pandemic and accelerate digital adoption in all front
27 FOCUS OF SHARIAH BANKING
28 SHARIAH BANKING INITIATIVES
Established New Model Branch in Al Azhar, Jakarta which set new industry standard Launching new innovative products to address market needs
Deliver a series of Interactive Webinars with beneficial knowledge regarding UPZ PermataBank Syariah financial and non-financial matters delivered IDR 21 Bn of Zakah Fund to BAZNAS
29 DIGITAL BANKING CAPABILITIES
DIGITAL SELF SERVICE CHANNEL OF BANK PERMATA IS AS FOLLOWS:
913
30 NEW MODEL BRANCHES OF BANK PERMATA TRANSFORMING BRANCHES TO BE MORE SALES-ACQUISITION, WITH MORE SOPHISTICATED PRODUCT
31 OTHER INFORMATION STOCK INFORMATION 3500 Share Price 3200 3060 700 (IDR) 2980 Trading vol 3000 2900 (Thou. unit) 2590 2690 600 2440 2430 2500 2300 2210 2190 500 2370 2250 2000 21202050 2100 400
1500 1,315 1,290 1,275 1320 1260 1,205 300 1,035 1,255 1265 1000 1130 995 200
500 100
0 - Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21
Trading volume Share price
BNLI Mar-20 Jun-20 Sep-20 Oct-20 Dec-20 Mar-21 Price (IDR) 1,035 1,270 1,160 2,050 3,020 2,050 PBV (x) 1.2 1.5 1.3 2.4 2.4 1.6 P/E Ratio N/M 48 56 133 116 29 Market Cap (IDR Tn) 28.7 35.3 32.2 56.9 83.8 56.9 Book Value 23,247 23,855 24,087 24,084 35,071 35,413 O/S Share (in Bn ) (average) 27.762 27.762 27.762 27.762 27.762 27.762 PAT 0.002 366 430 357 722 494 EPS 0.00 26 21 15 26 71 BVS 837 859 868 868 1,263 1,276 33 RIGHT ISSUES INFORMATION
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34 BOARD OF COMMISSIONERS
Chartsiri Sophonpanich Chalit Tayjasanant Chong Toh Niramarn Laisathit President Commissioner Commissioner Commissioner Commissioner
Haryanto Sahari Rahmat Waluyanto Goei Siauw Hong Yap Tjay Soen Independent Independent Independent Independent Commissioner Commissioner Commissioner Commissioner
35 BOARD OF DIRECTORS
Ridha DM Wirakusumah * Dhien Tjahajani Lea Kusumawijaya Abdy Dharma Salimin President Director Director Director Director
Djumariah Tenteram Darwin Wibowo Herwin Bustaman Dayan sadikin Suwatchai Songwanich ** Director Director Director Director Director
* Have submitted resignation on 18 February 2021 and will be ratified at AGMS on 27 April 2021 **Effective after all requirements for his appointment are fulfilled 36 CORPORATE SOCIAL RESPONSIBILITY (CSR)
37 AWARDS
38 39