pt bank ocbc nisp tbk financial performance – first ... report is solely for the use of pt. bank...
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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 – First Quarter 2011 (Unaudited)
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• First Quarter Performance
• Financial Results – Restated including Bank OCBC Indonesia
• Corporate Updates
• Appendix
Agenda
3
Executive Summary
• Reported NPAT reached Rp 146 billion.
• Loans grew 29% YoY to Rp 31 trillion.
• Gross NPL declined by 1.4% YoY to 1.9%.
• CASA increased 31% YoY to Rp 22 trillion and represented 60% of
Total Deposits.
• Capital Adequacy stood at 16.6%.
• Network coverage with more than 400 offices and more than 600
ATM OCBC NISP
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Network
Branch 408 Offices
Electronic channelATM, EDC & e-Banking
Call centre
• Jabotabek, Banten (173)
• West Java (79)
• Central Java (39)
• East Java (35)
• Bali, Lombok, Sumatera, Kalimantan, Sulawesi, Others (82)
• 616 ATM OCBC NISP and access
more than 35,000 ATM Network in
Indonesia and close to 7,500 ATM
Network in Singapore & Malaysia
• More than 1,000 EDC OCBC
NISP and access to 185,000 EDC
Network
• e-Banking OCBC NISP
• Call OCBC NISP 500-999
• Hotline Treasury 08001 111 898
• Corporate Website -
www.ocbcnisp.com
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Income Statement Highlights
764%
822%
106%
(45%)
(12%)
11%
1%
(15%)
6%
����QoQ
1000%11(197)1Non Operating Income (Expense)
Rp. billion 1Q10 4Q10 1Q11 ����YoY
Net Interest Income 489 504 535 9%
Non Interest Income 141 148 126*) (11%)
Operating Income 630 652 661 5%
Operating Expenses (385) (376) (419) 9%
Pre Provision Operating Profit 245 276 242 (1%)
Provision Expense (44) (106) (58) 32%
Net Income Before Tax 202 (27) 195 (3%)
Net Profit After Tax 150 (22) 146 (3%)
Note: *) Non interest income declined by 11% compared to 1Q10 due to decreased in gain from sale of marketable securities in 1Q11 by Rp 35 billion
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Financial Position Highlights
3%
(6%)
0%
(6%)
(15%)
(1%)
(1%)
(5%)
(1%)
(2%)
(15%)
(15%)
����QoQ
(14%)6,8348,0627,983Marketable Securities (net) 2)
20%47,77250,14239,748Total Assets
21%41,79244,31134,513Total Liabilities
14%5,9805,8315,235Equity
Rp. billion 1Q10 4Q10 1Q11 ����YoY
Placement in other Bank (net) 1) 3,409 4,273 3,633 7%
Loans (gross) 23,861 31,541 30,832 29%
Impairment Allowance (639) (622) (615) (4%)
Current Account 6,335 7,543 7,646 21%
Savings 10,656 14,673 14,555 37%
Time Deposit 13,246 17,210 14,709 11%
Total Customer Deposits 3) 30,237 39,426 36,910 22%
Subordinated Bonds 597 1,472 1,472 147%
Note: 1) Including Placement in Bank Indonesia 2) Exclude Securities purchase under resale agreement 3) Including sharia products
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Key Ratios
(1.0)
5.4
3.2
0.0
(0.1)
3.8
3.5
11.9
1.8
6.2
(2.7)
0.4
����QoQ
(1.4)1.92.03.3NPL – Gross
3.960.156.356.2CASA / Deposit
(3.3)20.022.722.4Non Interest Income / Operating Income
% 1Q10 4Q10 1Q11 ����YoY
Net Interest Margin 5.3 4.7 5.1 (0.2)
Cost / Income 61.0 57.7 63.9 2.9
ROA 2.0 (0.2) 1.6 (0.4)
ROE 12.0 (1.6) 10.3 (1.7)
Loan / Deposit 78.9 80.0 83.5 4.6
NPL – Net 1.8 0.9 0.9 (0.9)
Loan Loss Provision (LLP) / NPL 81.5 99.3 102.5 21.0
NOP 5.5 1.3 6.7 1.2
CAR 19.6 17.6 16.6 (3.0)
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535504515
486489
1Q10 2Q10 3Q10 4Q10 1Q11
NIM increased to 5.1% in the first quarter as compared to previous quarter
Net Interest Income% annualized
Trade Finance2011: 14%
2010: 11%
Deposit Administration
2011: 16%
2010: 14%
Bancassurance2011: 12%
2010: 11%
Foreign Exchange Gain
2011: 29%
2010: 17%
Others *)
2011: 25%
2010: 21%
Gain from Sale of Marketable securities2011: -6%
2010: 20%
Non-Interest Income 2011: Rp. 126 billion
2010: Rp 141 billion
Non-Interest Income by TypeAs of March 31
Credit related2011: 10%
2010: 7%
*) Including Wealth Mgt, Remittance, e-channel and Other fee
5.1
4.7
5.15.1
5.3
Net Interest Margin
����
9
6 6 5
6 0 96 3 0
6 5 2 6 6 1
4 193 7 6
4 3 14 0 3
3 8 5
1Q10 2Q10 3Q10 4Q10 1Q11
Operat ing Income
6 0 % 5 4 % 5 9 % 6 0 % 5 8 %
4 0 %4 1%
4 2 %
4 6 %
4 0 %
Employee expense General adm & Other expense
63.9%
57.7%
64.8%66.1%
61.0%
Cost to Income Ratio increased to 63.9% in the first quarter due to increase in operating expense
Cost to Income Ratio▼
Operating Expense and Operating IncomeRp. billion
10
Total loans increased by 29% YoY to Rp. 31 trillion on the back of well diversified loans growth
40%41%41%43%
41%
34%34%
33%31%
31%
26%25%26%
26%
28%
1Q10 2Q10 3Q10 4Q10 1Q11
Working Capital Investment Consumer
Loans CompositionRp. billion
26,83628,387
23,861
30,83231,541
Note: Consumer loans includes Employee loan
Agricultural & mining2011: 3%
2010: 2%
Services2011: 20%
2010: 18%
Manufacturing2011: 24%
2010: 23%
Trading 2011: 23%
2010: 22%
Others *)
2011: 26%
2010: 29%
Construction2011: 4%
2010: 6%
Loans by SectorAs of March 31
Outstanding loans2011: Rp. 30,832 billion
2010: Rp 23,861 billion
*) Including Consumer loans
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Loans by Geography As of March 31
Central Java2011: 3%
2010: 4%
East Java2011: 8%
2010: 7%
Sulawesi & Others2011: 3%
2010: 3%
Jakarta2011: 50%
2010: 49%
Kalimantan2011: 2%
2010: 2%
West Java2011: 23%
2010: 27%
Sumatera2011: 11%
2010: 8%
Rupiah2011: 77%
2010: 80%
Foreign currencies2011: 23%
2010: 20%
Loans by CurrencyAs of March 31
Loans largely being allocated to region which most of economic activities are undertaken
Outstanding loans2011: Rp. 30,832 billion
2010: Rp 23,861 billion
Outstanding loans2011: Rp. 30,832 billion
2010: Rp 23,861 billion
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96.3%96.0%94.2%
93.8%93.1%
1.8%2.0%
2.9%3.3%
3.6%
1..9%2.0%
2.9%
2.9%
3.3%
1Q10 2Q10 3Q10 4Q10 1Q11
Current Special mention NPL Gross
1.8%1.6%
1.4%
0.9%0.9%
Loan Collectibility% of Outstanding loans
31,541 30,832
23,861
26,83628,387
47.246.4
27.137.637.3
44.2
55.352.9
51.1
44.1
1Q10 2Q10 3Q10 4Q10 1Q11
General Specif ic
81.778.2
99.3102.5
81.5
Loan Loss Provision (LLP) / NPL %
Gross NPL is better than Industry average while Coverage ratio expanded to above 100%
Net NPL����
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Low cost deposit represent 60% of total third party fund mainly driven by growing in Saving products
21% 21% 18% 19% 21%
35%38% 38%
37% 39%
44%
41% 44%
44%40%
1Q10 2Q10 3Q10 4Q10 1Q11
Current Account Savings Time Deposits
Deposit CompositionRp. billion
33,67935,816
30,237
Deposit by CurrencyAs of March 31
36,910
39,426 Rupiah2011: 74%
2010: 76%
Foreign currencies2011: 26%
2010: 24%
Total deposit2011: Rp. 36,910 billion
2010: Rp. 30,237 billion
14
30,237
33,67935,816
39,426
36,910
30,83231,541
23,861
26,83628,387
1Q10 2Q10 3Q10 4Q10 1Q11
Loans Deposit
83.5%
80.0%79.3%79.7%78.9%
LDR reached 83.5% at the end of the first quarter 2011
LDR Ratio▼
Loans and Third Party FundRp. billion
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BShort-term Foreign Currency
Fitch Ratings
Feb 2011
BB+ / PositiveLong-term Local Currency
AA (idn)IDR Subordinated Debt
BB+ / PositiveLong-term Foreign Currency
Rating
PEFINDO
Jan 2011
Corporate Rating idAA+ / Stable
Subordinated Bond idAA / Stable
National Long-term AAA (idn) / Stable
Individual / Support Rating
C / D / 3
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 March 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%30.8x
2.2x
1,700
Dec 10
25.9x
1.8x
1,430
Mar 11
24.0x
2.7x
2,050
Sep 10
10.4x
1.2x
920
Jun 10Share ValuationNISP IJ
Share Price (Rp.)
PBV
PER
*) 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 229 billion
as of 30 December 2010 and employs more than 21,000 staff globally and has a banking network of over 530 branches and offices in 15 countries and territories
-
500
1,000
1,500
2,000
2,500
3,000
3,500
Mar-10 Apr-10 Jun-10 Jul-10 Sep-10 Nov-10 Dec-10 Jan-11 Mar-11
500
750
1,000
1,250
1,500
1,750
2,000
2,250
2,500
Share Price
▼
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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
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• First Quarter Performance
• Financial Results – Restated including Bank OCBC Indonesia
• Corporate Updates
• Appendix
Agenda
18
Business Initiatives
Consumer
Banking
Commercial
Banking
In-organic
growth
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.
Merger between Bank OCBC NISP and Bank OCBC Indonesia,
effectively on January 1, 2011. Bank OCBC NISP became the
survived bank and continue the operations with Bank OCBC NISP's
name which has been effectively completed since February 7, 2011
• Launched STAY program in January 2011 and Top Up Program in
February 2011
• Launched several new mutual funds product such as NISP Obligasi
Negara Extra, BNP Paribas Spektra, NISP Proteksi Dinamis,
Schroder 90 Plus Equity Fund, etc
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Corporate Social Responsibility
Education
Social
Activities
• Participating in the opening of Kuark Science Olympic 2011 and support
in educational contests and exhibition Kuark Science Olympics
• Workshop the students of Indonesia of University and Bogor Institute of
Agriculture the “I Love Science” program
• Visit to Bank OCBC NISP by PB Soedirman students "introduction to
banking since the early" program
• Implementation of “I Love Science” program in 13 OCBC NISP offices
• Coordinate employee blood donation quarterly
• Support in community and religious activity in OCBC NISP Tower
neighborhood
Environment
• Go Green Workshop Program, in 3 offices in Jakarta and Bandung
and involve about 220 personnel from the employees and
communities
• Go Green campaign for employee in internal web site to encourage
employee in participating to Go Green spirit
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• First Quarter Performance
• Financial Results – Restated including Bank OCBC Indonesia
• Corporate Updates
• Appendix
Agenda
21
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.
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• 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.
• Transform the entire organization subsequent to adopted a new name PT Bank OCBC NISP
Tbk. by the end 2008.
• Become Eight largest private bank in Indonesia by the end 2010.
• Strong business acumen with focus on serving consumer, small and medium enterprises.
• Currently employ 6,087 dedicated staff to serve customers in 88 cities across Indonesia
throughout more than 400 offices and more than 600 ATMs.
• Solid financial performance with strong capital support from OCBC Bank Singapore.
Fact of OCBC NISP
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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 Choi
Independent 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 March 31, 2011
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Board of DirectorsRama Pranata KusumaputraManaging Director� Director of Bank OCBC NISP since 2006. � Joined Bank OCBC NISP since 2001. Previously,
served as Regional Coordinator for Jabodetabekarea 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 RatnapalasariManaging 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 JugandaManaging 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).
Alan JenviphakulManaging Director� Managing Director of Bank OCBC NISP since
2009.
� Has experience of more than 16 years in treasury.
Board of Directors as of March 31, 2011
Emilya Tjahjadi*Managing Director� Appointed as a Director of Bank OCBC NISP
since March 2011
� Previously, Director of Bank OCBC Indonesia
Hartati*Managing Director� Appointed as a Director of Bank OCBC NISP since
March 2011
� Previously, Chief Financial Officer of Bank OCBC NISP
*) Subject to BI approval
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AccoladesAccolades
June 2010 Info bank Magazine
• Best performance overall in Banking Service Excellence Awards 2010 – ranked 3rd.
• Best performance overall in Islamic Banking Service
Excellence Awards 2010 – ranked 2nd.
July 2010 Citibank
CITI Performance excellence award for achieving MT
103 STP Rate of 95 % or higher.
May 2010 BNY Mellon, New York
Outstanding Payment Formatting and
Straight-Through Rate 2009.
August 2010 Wells Fargo
Excellence in Straight Through Processing
2010.
November 2010 IICD GCG Award
Best Disclosure and Transparency.
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Corporate Development Division
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]
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Your Partner for Life