pt bank ocbc nisp tbk financial performance – full year ... · pt bank ocbc nisp tbk ... daily...
TRANSCRIPT
This report is solely for the use of PT. Bank OCBC NISP Tbk. No part of it may be circulated,
quoted, or reproduced for distribution outside the organization without prior written approval from PT. Bank OCBC NISP Tbk. This material was used by PT. Bank OCBC NISP Tbk.during an oral
presentation; it is not a complete record of the discussion.
PT Bank OCBC NISP TbkFinancial Performance – Full Year 2011 (Audited)
2
• Full Year Performance
• Financial Results
• Corporate Updates
• Appendix
Agenda
3
Executive Summary
• Reported NPAT reached Rp 753 billion.
• Loans grew 31% YoY to Rp 41 trillion.
• Gross NPL went down to 1.3% in 4Q11 from 2.0% in the same period a year ago.
• CASA increased 28% YoY to Rp 28 trillion and represented more than 60% of Total Deposits.
• Capital Adequacy stood at 13.8%.
• Network coverage with 352 offices (excluding 60 functional offices) and 652 ATM OCBC NISP
• Fitch Ratings has upgraded the Long-Term Issuer Default Ratings of OCBC NISP by 2 notches to BBB from BB+ which is at the same level as Indonesia's Country Ceiling (CC).
4
Network
Branch 352 Offices
Electronic channelATM, EDC & e-Banking
Call centre
• Jabotabek, Banten (167)
• West Java (59)
• Central Java (26)
• East Java (32)
• Bali, Lombok, Sumatera, Kalimantan, Sulawesi, Others (68)
• Excluding functional offices (60)
• 652 ATM OCBC NISP and access
close to 42,000 ATM Network in
Indonesia and over 8,000 ATM
Network in Singapore & Malaysia
• More than 1,300 EDC OCBC
NISP and access to over 190,000
EDC Network
• e-Banking OCBC NISP
• Call OCBC NISP 500-999
• Hotline Treasury 08001 111 898
• Corporate Website -
www.ocbcnisp.com
5
Income Statement Highlights
230
308
(2)
(64)
374
(427)
801
193
608
4Q11
210
283
2
(37)
318
(432)
750
171
579
3Q11
146
195
11
(58)
242
(419)
661
126
535
1Q11
166
219
2
(52)
269
(425)
694
161
533
2Q11
(200%)107%13(189)Non Operating Income (Expense)
Rp. billion FY10 FY11 ����YoY ����QoQ
Net Interest Income 1,993 2,255 13% 5%
Non Interest Income 563 651 16% 13%
Operating Income 2,556 2,906 14% 7%
Operating Expenses (1,594) (1,703) 7% (1%)
Pre Provision Operating Profit 962 1,203 25% 18%
Provision Expense (206) (210) 2% 77%
Profit Before Tax 567 1,006 78% 9%
Net Profit After Tax 419 753 80% 10%
6
Financial Position Highlights
6,590
53,244
1,473
47,420
18,956
18,206
10,257
59,834
(734)
41,276
7,527
3,294
4Q11
6,352
48,665
1,473
43,014
16,038
17,267
9,709
55,017
(612)
36,008
5,715
6,062
3Q11
10%40,14636,91020%47,42039,426Total Customer Deposits 3)
9%46,78641,79220%53,24444,311Total Liabilities
0%1,4731,4720%1,4731,472Subordinated Bonds
5,980
14,709
14,555
7,646
47,772
(615)
30,832
6,834
3,633
1Q11
6,144
15,621
16,278
8,247
52,930
(665)
34,422
5,365
5,824
2Q11
5%24%18,20614,673Savings
Rp. billion FY10 FY11 ����YoY ����QoQ
Placement in other Bank (net) 1) 4,273 3,294 (23%) (46%)
Marketable Securities (net) 2) 8,062 7,527 (7%) 32%
Loans (gross) 31,541 41,276 31% 15%
Impairment Allowance (622) (734) 18% 20%
Total Assets 50,142 59,834 19% 9%
Current Account 7,543 10,257 36% 6%
Time Deposit 17,210 18,956 10% 18%
Equity 5,831 6,590 13% 4%
Note: 1) Including Placement in Bank Indonesia 2) Exclude Securities purchase under resale agreement 3) Including sharia products
7
Key Ratios
13.8
3.2
141.5
0.6
1.3
60.0
87.0
15.4
2.1
53.3
24.1
4.7
4Q11
15.1
2.6
111.3
0.8
1.5
62.7
83.7
14.3
2.1
57.6
22.8
4.8
3Q11
(0.2)0.80.9(0.3)0.60.9NPL – Net
0.65.86.71.93.21.3NOP
30.2106.0102.542.2141.599.3Loan Loss Provision (LLP) / NPL
16.6
1.9
60.1
83.5
10.3
1.6
63.9
20.0
5.1
1Q11
15.5
1.8
61.1
85.7
11.5
1.7
61.2
23.1
4.7
2Q11
(2.7)3.760.056.3CASA / Deposit
% FY10 FY11 ����YoY ����QoQ
Net Interest Margin 5.0 4.8 (0.2) (0.1)
Non Int. Income / Operating Income 22.0 22.4 0.4 1.3
Cost / Income 62.4 58.6 (3.8) (4.3)
ROA 1.3 1.9 0.6 0.0
ROE 8.1 12.9 4.8 1.1
Loan / Deposit 80.0 87.0 7.0 3.3
NPL – Gross 2.0 1.3 (0.7) (0.2)
CAR 17.6 13.8 (3.8) (1.3)
8
2,255
1,993
2010 2011
NIM stood at 4.8% in 2011 along with well diversified Non-Interest Income channels
Net Interest IncomeRp. billion
Trade Finance2011: 11%
2010: 12%
Deposit Administration
2011: 12%
2010: 14%
Bancassurance2011: 12%
2010: 11%
Foreign Exchange Gain
2011: 26%
2010: 23%
Others *)
2011: 20%
2010: 22%
Gain from Sale of Marketable securities2011: 7%
2010: 8%
Non-Interest Income FY11: Rp. 651 billion
FY10: Rp 563 billion
Non-Interest Income by TypeFull Year
Credit related2011: 12%
2010: 10%
*) Including Wealth Mgt, Remittance, e-channel and Other fee
4.8%5.0%
Net Interest Margin
����
9
2 ,9 0 6
2 ,556
1,70 31,59 4
2010 2011
Operat ing Income Operat ing Expenses
Operating Expense and Operating IncomeRp. Billion
Operating ExpenseFull Year
62.4%58.6%
Cost to Income Ratio����
Cost to Income Ratio improved to 58.6% in 2011 from 62.4% in previous year due to increased in operating income
Employee Expense2011: 56%
2010: 56%
G&A Expense2011: 44%
2010: 44%
Total Operating Expense2011: Rp. 1,703 billion
2010: Rp. 1,594 billion
10
Total loans increased by 31% YoY to Rp. 41 trillion on the back of well diversified loans growth
41% 40%43% 42% 41%
34% 34%
32% 32%34%
25% 26%
25% 26% 25%
4Q10 1Q11 2Q11 3Q11 4Q11
Working Capital Investment Consumer
Loans CompositionRp. billion
36,008 41,27634,422
30,83231,541
Note: Consumer loans includes Employee loan
Agricultural & mining2011: 5%
2010: 2%
Services2011: 20%
2010: 20%
Manufacturing2011: 26%
2010: 23%
Trading 2011: 21%
2010: 24%
Others *)
2011: 25%
2010: 25%
Construction2011: 3%
2010: 6%
Loans by SectorAs of December 31
Outstanding loans2011: Rp 41,276 billion
2010: Rp 31,541 billion
*) Including Consumer loans
11
Loans by Geography As of December 31
Central Java2011: 3%
2010: 3%
East Java2011: 9%
2010: 8%
Sulawesi & Others2011: 3%
2010: 3%Jakarta
2011: 52%
2010: 50%
Kalimantan2011: 2%
2010: 3%
West Java2011: 21%
2010: 23%
Sumatera2011: 10%
2010: 10%
Rupiah2011: 76%
2010: 78%
Foreign currencies2011: 24%
2010: 22%
Loans by CurrencyAs of December 31
Loans largely being allocated to region which most of economic activities are undertaken
Outstanding loans2011: Rp 41,276 billion
2010: Rp 31,541 billion
Outstanding loans2011: Rp.41,276 billion
2010: Rp.31,541 billion
12
97.5%97.0%96.5%96.3%96.0%
1.2%
1.5%1.7%
1.8%2.0%
1.3%
1.5%1.8%
1.9%2.0%
4Q10 1Q11 2Q11 3Q11 4Q11
Current Special mention NPL Gross
0.9% 0.9% 0.8% 0.8%0.6%
Loan Collectibility% of Outstanding loans
31,541 30,832
34,42236,008
41,276
88.2
60.850.147.246.4
52.9
53.3
50.5
55.955.3
4Q10 1Q11 2Q11 3Q11 4Q11
General Specific
111.3
141.5
99.3102.5 106.0
Loan Loss Provision (LLP) / NPL %
Gross NPL is better than Industry average while Coverage ratio maintained above 100%
Net NPL����
13
Low cost deposit represent 60% of total third party fund
19% 21% 21% 23% 22%
37% 39%41%
40% 38%
44% 40%39%
37%
40%
4Q10 1Q11 2Q11 3Q11 4Q11
Current Account Savings Time Deposits
Deposit CompositionRp. billion
43,01447,420
40,146
Deposit by CurrencyAs of December 31
36,91039,426
Rupiah2011: 77%
2010: 78%
Foreign currencies2011: 23%
2010: 22%
Total deposit2011: Rp. 47,420 billion
2010: Rp. 39,426 billion
14
3 6 ,9 10
4 3 ,0 14
3 4 ,4 2 2
3 0 ,8 3 23 1,54 1
3 6 ,0 0 8
4 1,2 763 9 ,4 2 6 4 0 ,14 6
4 7,4 2 0
4Q10 1Q11 2Q11 3Q11 4Q11
Loans Deposit
80.0%
83.5%
85.7%83.7%
87.0%
LDR reached 87% at the end of the December 2011
LDR Ratio▼▼▼▼Loans and Third Party FundRp. billion
15
-
200
400
600
800
1,000
Dec-10 Jan-11 Feb-11 Apr-11 May-11 Jun-11 Aug-11 Sep-11 Nov-11 Dec-11
500
750
1,000
1,250
1,500
1,750
2,000
F 3Short-term Foreign Currency
Fitch Ratings
Dec 2011
BBB / StableLong-term Local Currency
AA (idn)IDR Subordinated Debt
BBB / StableLong-term Foreign Currency
Rating
PEFINDO
Dec 2011
Corporate Rating idAA+ / Stable
Subordinated Bond idAA / Stable
National Long-term AAA (idn) / Stable
Individual / Support Rating
C / D / 2
Share Price and Credit Ratings
Daily share price and trading volumeNISP IJ
Source: Bloomberg
Share price (Rupiah)Daily trading volume (Thousand)
Ownership StructureAs of 31 December 2011
Number of shares
Ownership
OCBC Bank Singapore *) 5,989,781,732 85.1%
Public 1,052,160,933 14.9%
Total 7,041,942,665 100.00%16,8x
1,2x
1,100
Sep 11
22,3x
1,5x
1,300
Jun 11
26.4x
1.7x
1,430
Mar 11
16,4x
1,2x
1,080
Dec 11Share ValuationNISP IJ
Share Price (Rp.)
PBV
PER
Note: *) OCBC Bank is Singapore’s longest established bank (est. 1912) and one of Asia’s leading financial services groups, with group assets of more than SGD 267
billion as of 30 September 2011 and employs over 22,000 staff globally and has a banking network of over 500 branches and offices in 15 countries and
territories
Share Price
▼
16
Human Capital
Others
• Team-up Senior executive OCBC Bank Singapore in Board of
Commissioners and Board of Directors OCBC NISP.
• Transfer knowledge throughout comprehensive training program,
business event, comparative studies, job attachment and guest
auditors.
• Build service excellence culture.
• Provide strong capital support.
• Enhance infrastructure, information technology & branch networks.
• Broaden conventional and Islamic banking product suite.
• Bolster process improvement throughout Quality projects.
• Link-up ATM in Singapore and Indonesia.
Supports from Controlling Shareholder
17
• Full Year Performance
• Financial Results
• Corporate Updates
• Appendix
Agenda
18
2011 Business Initiatives
Consumer Banking
• Launched TANDA saving product in Singapore Dollar (SGD)
• Continue anti-attrition program like STAY program (targeted to existing customers who want a review on its existing lending rate) and TOP Up program (targeted to existing customers who expect to obtain additional loans with various purposes)
• Extended marketing program to commemorate the Anniversary of 70 years Bank OCBC NISP
• Expand cross selling product of Tanda Senior and Tanda Mighty Savers
• Has launched Mobile Banking which also equipped by wide range oflifestyle applications such as e-ticketing to cinema, traffic information, and access to social media
• Has launched new variants of saving products known as Tanda 360o
which offers many benefits.
• Introduced collaboration between OCBC Bank NISP and BMW, to provide one-stop shopping and financing solution to customers to finance their vehicle purchase in the showrooms of BMW
• Launched several new mutual funds product such as NISP ObligasiNegara Extra, BNP Paribas Spektra, NISP Proteksi Dinamis, Schroder 90 Plus Equity Fund, Schroder Dana Mantap Plus II. BNP Paribas Prima II and STAR, etc.
19
2011 Business Initiatives (Cont’d)
Treasury
• Increase sales of structured products i.e. DCR and FLD.
• Improve service “Transaction Leave Order" from the customer with a maximum duration overnight for non-IDR type of transaction.
• The bank has been selected as one of selling agent for ORI008 and Sukuk SR 004
Commercial Banking
• Carrying on development of Giro Vostro Account
• Enhanced the features of velocity channel namely Multiple Cut Of Time
• Re-launched Multicurrency saving product that offer the ability to make transaction in 11 currencies in one single account to simplify banking transaction as well as become an alternative investment for individual or corporation.
• Has launched Current account year-end program that was tailored to meet commercial customers’ need.
• Continuously enhancing the features of Velocity channel namely Payment Creation Segregation
20
2011 Corporate Social Responsibility
Education
• Participated in Kuark Science Olympic for 5 consecutive years and support in educational contests and exhibition.
• Cooperate with Surya Institute to conduct “I Love Science” program for 849 children in the surrounding of 70 OCBC NISP offices in 2011.
• Conducted "One day workshops" for about 750 students in several universities in Indonesia. These activities held in several cities such as Jakarta, Bandung, solo, Surabaya, Palembang, Medan, Makassar and Batam.
• Conducted OCBC NISP Media Workshop dan Gathering - Credit Insight Business Banking
• Pay special attention to the strengthening of entrepreneurial spirit, initiatives and development in Indonesia by providing resources to support "Franchise and License Expo 2011" which were followed more than 50 exhibitors offer an array of business opportunities from variety of industries.
Environment
• Conducted Go Green workshop for communities, employees and customers in 3 offices in Jakarta and Bandung and Go Green activities in 70 Bank OCBC NISP offices i.e. planting trees, making biopori, processing rubbish (organic & un-organic) to become compost or to be recycled.
• Intensify Go Green campaign for employees through internal website to encourage employee in participating to Go Green spirit.
21
2011 Corporate Social Responsibility (Cont’d)
Social Activities
• Support community and religious activities in many of OCBC NISP offices across Indonesia.
• Coordinated blood donation activities with communities and employees in 70 OCBC NISP offices.
• Provided immediate assistance and donated clothing in their time of need to 600 victims of the fires which ravaged of 150 houses in Benhil area (Central Jakarta).
• Started social program and initiatives with POPTI (Thalassemia Patients Parents Association) known as 'My Dreams Come True’ in 8 cities i.e. Jakarta, Tangerang, Bogor, Bandung, Tasikmalaya, Garut, Surabaya and Medan. The program designed with a strong purpose to give help people to cope with thalassemia and the challenges it raises
22
• Full Year Performance
• Financial Results
• Corporate Updates
• Appendix
Agenda
23
Vision, Mission & Values
Vision
Mission
To be the Bank of choice with world-class standards, recognized for
its caring and trustworthiness.
Value
Bank OCBC NISP will conduct its business and will operate as an
honorable corporate citizen that grows together with the society in a
sustainable manner.
Solid, Genuine, Supportive, Connected, Forward Looking, Dynamic.
24
• Fourth oldest bank in Indonesia was incorporated in 1941.
• Listed its shares on Indonesia Stock Exchange in 1994.
• Have survived through any Indonesia economic crisis.
• Transformed the entire organization subsequent to adopted a new name PT Bank OCBC
NISP Tbk. by the end 2008.
• The Indonesia’s seventh largest private bank on 30 September 2011.
• Strong business acumen with focus on serving consumer, small and medium enterprises.
• Currently employ 5,888 dedicated staff to serve customers in 88 cities across Indonesia
throughout 352 offices (excluding 60 functional offices) and 652 ATMs.
• Solid financial performance with strong capital support from OCBC Bank Singapore.
Fact of OCBC NISP
25
Board of Commissioners
Pramukti SurjaudajaChairman� President Director since April 1997 and Director
OCBC NISP (1989-April 1997).
� Commissioner of Bank OCBC-NISP, now Bank
OCBC Indonesia (1997-2000). � Non Executive Director at OCBC Bank-
Singapore since 2004.
Peter Eko Sutioso
Deputy ChairmanIndependent Commissioner� Deputy Chairman of Bank OCBC NISP
since June 1998.
� Served as Commissioner (1997-1998)
� Director (1972-1997)
Kwan Chiew ChoiIndependent Commissioner� Latest position in Bank OCBC NISP as
Independent Commissioner
� Independent Commissioner of Bank
OCBC Indonesia since (2008-2010)
Roy Athanas KaraoglanIndependent Commissioner� Commissioner of Bank OCBC NISP
since 2002 and concurrently as
Consultant for the IFC since 2000.
Jusuf HalimIndependent Commissioner� Independent Commissioner of Bank OCBC
NISP since 2006.
� Registered Accountant (D-2796).
� Re-appointed as Member of the Audit
Committee of Bank OCBC NISP since 2007.
David Philbrick ConnerCommissioner� Commissioner of Bank OCBC NISP since
2005.
� Chief Executive Officer of OCBC Bank-
Singapore since 2002.
Lai Teck Poh (Dua Teck Poh)
Commissioner� Commissioner of Bank OCBC NISP since
September 2008.
� Served with OCBC Ltd with the latest
position as Board of Directors since June
2010
Board of Commissioners as of 31 December 2011
26
Board of Directors
Rama Pranata Kusumaputra
Managing Director� Director of Bank OCBC NISP since
2006. � Joined Bank OCBC NISP since 2001.
Previously, served as Regional
Coordinator for Jabodetabek area and his last position was Assistant Director (2005).
Parwati SurjaudajaPresiden Director & CEO� President Director of Bank
OCBC NISP since December
2008. � Previously Deputy President
Director (June 1997-2008).
Rudy N. HamdaniManaging Director� Director of Bank OCBC NISP
since April 2007. � Has experience of more than
20 years in various capacities, with last position as Director of Consumer
Banking.
Yogadharma Ratnapalasari
Managing Director� Director of Bank OCBC NISP
since 2003.� Joined Bank OCBC NISP since
1988 with the latest position as
Assistant Director (1997-2002).
Louis (Luianto) SudarmanaManaging Director� Director of Bank OCBC NISP
since 2006.
� Established a professional career for over 26 years in various National and International companies
Hardi Juganda
Managing Director� Appointed as a Director of Bank
OCBC NISP since April 1997. � Joined Bank OCBC NISP in
1985 and with the latest position as Head of Asia Afrika Bandung Branch (1991-1997).
Na Wu BengDeputy President Director� Deputy President Director of Bank
OCBC NISP since 2005.
� Previously Commissioner (2004-2005).
Board of Directors as of 31 December 2011
Emilya TjahjadiManaging Director� Appointed as a Director of
Bank OCBC NISP since March 2011
� Previously, Director of Bank OCBC Indonesia
HartatiManaging Director� Appointed as a Director of
Bank OCBC NISP since March 2011
� Previously, Chief Financial Officer of Bank OCBC NISP
Thomas ArifinManaging Director� Appointed as a Director of Bank
OCBC NISP since June 2011� Has experience more than 20
years in banking sector� Previously, Director of Bank
Mandiri
27
Accolades 2011
July 2011, InfobankMagazine
Infobank Award Platinum Trophy 2010
with “Excellent
Financial Performance for 10 consecutive years 2000 – 2009”
May 2011, Marketing Research Indonesia Third Rank , Banking Service Excellence Awards
July 2011, Asian Banking & Finance Magazine
Indonesia Retail Bank of The Year 2011
January 2011, Indonesia Brand Champion
Brand Equity Champion - Conventional Banking
with Asset < IDR 65 Triliun
June 2011, Bisnis Indonesia Magazine
Banking Efficiency Award
May 2011, Citibank
– Straight Through Processing Award (STP) MT103 STP Rate 95% or higher
– Straight Through Processing Award (STP)
MT202 STP rate of 98% or higher
28
Corporate Development
PT. Bank OCBC NISP Tbk
OCBC NISP Tower, 15th Floor
Jl. Prof. Dr. Satrio Kav. 25, Jakarta 12940
Phone : +62 21 255 33 888
Fax : +62 21 579 44 000
Website : www.ocbcnisp.co.id
Email : [email protected]