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PT Bank Central Asia Tbk Public Expose 2023 Jakarta, 29 November 2023
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Agenda • Macroeconomy & Banking Industry Highlights • 9M-23 Performance Overview • Sustainability Finance and ESG Public Expose 2023 PT Bank Central Asia Tbk 2
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Macroeconomy & Banking Industry Highlights
Macroeconomy & 9M-23 Performance Sustainability Finance
Public Expose 2023 Banking Industry Highlights Overview & ESG PT Bank Central Asia Tbk 3
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Economic highlights (1/2)
• Indonesia economy is resilient with GDP expansion of ~ 5% Indonesia GDP Growth (%)
despite geopolitical tension and global challenges. 5.73
5.46
5.03 5.02 5.04 5.17
• Foreign Direct Investment (FDI) growth remains in positive 5.01 4.94
territory, while the nation’s export base is more diversified to
offset volatility in commodity prices.
• Strong fiscal reserves provide options to boost growth through
pre-election spending or reducing government bond issuance. 3.53
Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23
Source: Statistics Indonesia (BPS)
2021 2022 Sep-23 Gov’t Spending & Foreign Direct Investment YoY (%)
Real GDP 3.69% 5.31% 4.94% 45.8
FDI YoY
CPI 1.87% 5.51% 2.56%* (%) 8.5 12.7
BI 7-D Rate 3.50% 5.50% 6.00%*
USD/IDR 14,364 15,228 15,455 5.3
CA (% of GDP) 0.29% 0.99% -0.25% Gov’t Spending
Note *: Latest release (Oct CPI and Nov BI7-D Rate)
YoY (%) -4.8 -3.7
Source: Bank Indonesia & Statistics Indonesia (BPS)
Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23
Source: Indonesia Investment Board (BKPM), Ministry of Finance
Public Expose 2023 PT Bank Central Asia Tbk 4
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Economic highlights (2/2)
10-Yr Govt Bond Yield & USD-IDR Exchange Rate Inflation & BI 7-Day Reverse Repo Rate
Inflation (%) 5.75 6.00
5.51
10-Yr Govt Bond Yield (%) 15,568
BI 7D RRR (%) 5.50
6.9 15,435 3.50
14,253 2.56
USD-IDR (Rp) 6.7
6.4
1.87
Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Nov-23 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Nov-23
Source: Indonesia Statistics (BPS), Bloomberg
• Volatility in government bond yields and Rupiah exchange rate has been driven mainly by uncertainty regarding Fed rate outlook.
• Bank Indonesia (BI) issues a new Rupiah denominated instrument (SRBI), offering attractive short-term yield to safeguard the currency
stability.
• BI increased the 7DRRR by 25bs to 6.00% in Oct 2023 after maintaining stable rate since Jan 23. Positive real rate differential (versus US)
provides cushion that should allow for relatively moderate adjustment in yields and USD/IDR exchange rate.
• Catalysts: 1) Budget realization is at the slowest pace since 2018, implying more fiscal disbursements going forward; 2) Stronger investment
flow
• Challenges: 1) More pressure on export commodity prices may deteriorate current account deficit; 2) Higher food prices may refuel
inflationary pressure
Public Expose 2023 PT Bank Central Asia Tbk 5
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Banking Industry (1/3)
Banking Sector Financial Summary
• Loans grew 9% YoY in the banking system, largely deployed Rp trillion Sep-22 Dec-22 Sep-23 ∆YoY ∆YtD
in financial services sector, real estate, trading and mining.
Total Loans 5,715 6,389 6,805 8.7% 6.5%
Third Party Funds 7,423 7,932 7,902 6.4% -0.4%
• Total deposits declined YtD in absolute value.
CASA 4,655 5,067 4,938 6.1% -2.6%
• Historically, total deposits would increase in 4Q due
to higher government spending. Current Accounts 2,110 2,430 2,341 11.0% -3.7%
Savings Accounts 2,545 2,637 2,597 2.0% -1.5%
• Capital remained solid with CAR reaching 27.7%. Time Deposits 2,769 2,865 2,964 7.1% 3.5%
Net Profit # 154.5 201.8 160.7 19.2% n.a
• Net profit was Rp 160.7 trillion in Sep 23, rose by 19.2%
NIM # 4.9% 4.8% 5.0% 10bp 20bp
YoY, presenting strong top line growth and asset quality
improvement. LDR 84.3% 80.5% 86.1% 180bp 560bp
NPL # 2.8% 2.4% 2.5% -30bp 10bp
CAR # 25.2% 25.6% 27.7% 250bp 210bp
Source: Bank Indonesia (SEKI) & Otoritas Jasa Keuangan (SPI)
Note: # use SPI data (August)
Public Expose 2023 PT Bank Central Asia Tbk 6
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Banking Industry (2/3)
BCA Loans vs Industry (YoY) BCA CASA vs Industry (YtD)
86.1% Industry LDR 2.6% BCA CASA
80.5% 2.4%
79.4% 1.7% 2.0%
1.5%
0.9%
0.0%
11.7% 12.3%
BCA Loans -0.2% -0.5%
8.3% 11.0%
Industry Loans
8.7% -2.6% Industry
-3.3% -3.2% -3.6% CASA
4.9% -4.2% -3.9% -3.9% -3.8%
-4.6%
Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23
Source: Bank Indonesia Source: Bank Indonesia
• LDR is on the rise as liquidity in the banking system tightens. BI • BCA outperformed the Industry.
still maintains high reserve requirement rate (RRR).
• Many banks recorded elevated cost of funds.
Public Expose 2023 PT Bank Central Asia Tbk 7
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Banking Industry (3/3)
• BCA CASA remains robust in the private sector (excluding Government and SOE funds).
• BCA Savings (SA) outgrew industry both YoY and YtD.
Banking Industry Avg Funding in the Private Sector (YoY) BCA Avg CASA VS Banking Industry in the Private Sector (YtD)
15.8%
14.8% 5.7% ► Industry Avg
13.0% 12.8% CA
5.3% 5.2%
11.2% 10.5% 5.0% 5.1% ► BCA Avg CA
10.3% 9.9% 9.8% ► Avg CA 4.8% 4.9%
BCA: 7.2%
4.7% 4.6% 4.6%
4.6% 4.4% 4.6%
5.8%
5.5% 4.3%
4.2% 4.2%
5.1% 4.5%
4.5% 3.9%
4.2% 3.8% 3.9% ► BCA Avg SA
4.0% 3.9% 3.5% 3.7%
3.7% 3.5% ► Avg SA 2.8%
3.3%
BCA: 4.3% 2.2% 2.0% 2.1%
2.4% 2.6% 2.7% 2.7% ► Industry Avg
2.0% 2.2%
1.7% 1.5% 1.5% SA
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23
Source: Bank Indonesia
BS
Public Expose 2023 PT Bank Central Asia Tbk 8
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9M-23 Performance Overview
Macroeconomy & 9M-23 Performance Sustainability Finance
Public Expose 2023 Banking Industry Highlights Overview & ESG PT Bank Central Asia Tbk 9
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Loans increased 12.3% YoY
Rp trillion Sep-22 Dec-22 Jun-23 Sep-23 YoY YtD QoQ
Total Assets 1,288.7 1,314.7 1,356.8 1,381.4 7.2% 5.1% 1.8%
Secondary Reserves &
462.9 446.4 458.8 461.2 -0.4% 3.3% 0.5%
Marketable Securities
Loans 682.0 711.3 735.9 766.1 12.3% 7.7% 4.1%
Third Party Funds 1,025.5 1,039.7 1,071.2 1,088.8 6.2% 4.7% 1.6% Comparison CASA
BCA vs Industry –
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CASA 830.4 847.9 864.7 869.8 4.7% 2.6% 0.6%
Current Accounts 318.3 323.9 328.9 337.6 6.1% 4.2% 2.7%
Savings Accounts 512.2 524.0 535.8 532.1 3.9% 1.6% -0.7%
Time Deposits 195.1 191.8 206.5 219.0 12.3% 14.2% 6.1%
Equity 211.9 221.0 224.6 235.8 11.2% 6.7% 5.0%
Public Expose 2023 PT Bank Central Asia Tbk 10
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PPOP grew 19.1% YoY
Rp trillion 9M-22 9M-23 YoY 1Q-23 2Q-23 3Q-23 QoQ
Operating Income 62.8 74.2 18.2% 24.8 24.5 24.9 1.7%
Net Interest Income 46.1 55.9 21.3% 18.5 18.6 18.8 1.2%
Non Interest Income 16.7 18.3 9.7% 6.3 5.9 6.1 3.2%
Fees and Commissions 12.3 13.3 7.7% 4.3 4.4 4.6 6.5%
Trading Income 1.4 1.3 -1.9% 0.5 0.5 0.3 -25.1%
Loss on loan disposal (0.6) (0.2) 68.2% (0.2) - - n.a
Others 3.6 3.9 7.4% 1.7 1.1 1.1 2.1%
Operating Expenses 23.2 27.0 16.6% 9.2 8.4 9.4 12.2%
Manpower 10.7 12.2 14.1% 4.7 3.6 4.0 11.4%
General & Administrative 12.5 14.8 18.7% 4.5 4.8 5.4 12.8%
PPOP (Pre-Provision Operating Profit) 39.6 47.2 19.1% 15.6 16.1 15.5 -3.7%
Provision 3.9 2.3 -41.5% 1.5 0.4 0.4 -2.8%
Provision reversal on loan disposal (0.7) (0.2) 68.9% (0.2) - - n.a
Net Profit 29.0 36.4 25.8% 11.5 12.7 12.2 -3.4%
Public Expose 2023 PT Bank Central Asia Tbk 11
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Key Ratios Bank Only 9M-22 9M-23 ∆YoY 1Q-23 2Q-23 3Q-23 ∆QoQ NIM 5.1% 5.5% 0.4% 5.6% 5.5% 5.5% 0.0% COC 0.8% 0.4% -0.4% 0.8% 0.1% 0.3% 0.2% COC (excl. reversal on loan disposal) 1.0% 0.4% -0.6% 0.9% 0.1% 0.3% 0.2% Risk Adjusted NIM 4.3% 5.1% 0.8% 4.8% 5.4% 5.2% -0.2% Cost to Income 34.5% 33.6% -0.9% 35.1% 31.2% 36.1% 4.9% ROA (after tax) 3.0% 3.6% 0.6% 3.4% 3.9% 3.5% -0.4% ROE 20.6% 23.5% 2.9% 22.3% 26.1% 22.3% -3.8% CAR 25.4% 29.5% 4.1% 28.9% 29.5% 29.5% 0.0% LDR 63.3% 67.4% 4.1% 65.6% 65.7% 67.4% 1.7% NSFR 172.6% 173.6% 1.0% 168.6% 175.9% 173.6% -2.3% LCR 407.1% 379.2% -27.9% 386.1% 371.2% 379.2% 8.0% NPL - gross 2.2% 2.0% -0.2% 1.8% 1.9% 2.0% 0.1% NPL Coverage 247.9% 226.9% -21.0% 285.4% 257.1% 226.9% -30.2% LAR 11.7% 7.6% -4.1% 9.5% 8.7% 7.6% -1.1% LAR Coverage incl. off B/S 49.9% 66.6% 16.7% 57.9% 61.6% 66.6% 5.0% Public Expose 2023 PT Bank Central Asia Tbk 12
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All segments drove loan growth
Business Loans (Rp tn) - Consolidated Loan Breakdown - Consolidated
360.9 Rp trillion Dec-22 Sep-23 ∆YoY ∆YtD ∆QoQ
322.7
290.3 W. Capital Corporate 322.2 343.5 12.2% 6.6% 5.4%
(+11.8% YoY, +7.2% YtD, +5.0% QoQ)
242.0 Commercial 117.4 121.0 6.5% 3.1% 2.7%
215.7
190.2 Investment SME 92.9 104.8 16.4% 12.8% 3.4%
(+12.2% YoY, +7.2% YtD, +3.3% QoQ)
Consumer 172.2 189.6 14.4% 10.1% 3.2%
Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23
- Mortgage 109.1 117.9 11.5% 8.1% 2.9%
Loan Composition (Rp tn) - Consolidated
Consumer
Corporate SME
Commmercial Commmercial
SME Corporate
Consumer - Vehicles 46.1 53.5 22.1% 15.9% 4.0%
682.0
682.0 711.3
711.3 735.9
735.9 766.1
- C.Card & Personal 13.8 15.0 15.3% 9.2% 2.8%
24.3% 24.2% 25.0% 24.8%
44.9% 45.3% 44.3% 44.8% - Employee 3.3 3.3 1.0% 0.7% 2.3%
13.2% 13.1% 13.8% 13.7%
16.7% 16.5% 16.0% 15.8% Sharia Financing 7.6 7.9 6.2% 3.8% -0.2%
16.7% 16.5% 16.0% 15.8%
13.2% 13.1% 13.8% 13.7%
Total O/S Loans 711.3 766.1 12.3% 7.7% 4.1%
44.9% 45.3% 44.3% 44.8%
24.3% 24.2% 25.0% 24.8%
Total Facilities 1,034.2 1,143.0 15.4% 10.5% 3.8%
Sep-22
Sep-22 Dec-22
Dec-22 Jun-23
Jun-23 Sep-23
Sep-23
Note: The remaining contribution came from Sharia financing
Public Expose 2023 PT Bank Central Asia Tbk 13
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Robust consumer lending
Mortgage New Booking & Run Off - Quarterly (Rp tn) Vehicle New Booking & Run Off – Quarterly (Rp tn)
New Booking Run Off YoY O/S Growth New Booking Run Off YoY O/S Growth
11.6% 12.0% 11.5% 19.2% 22.1%
10.5% 11.0% 15.2%
13.6%
9.2%
11.4 9.2 9.8
10.5 10.0 10.4 8.4
7.1 7.8 7.2
7.9 7.2 6.1 6.6 6.2 6.4
7.0 6.7 6.6 7.1
3Q-22 4Q-22 1Q-23 2Q-23 3Q-23 3Q-22 4Q-22 1Q-23 2Q-23 3Q-23
Note: Bank Only runoff and new booking, Consolidated YoY growth Note: Bank Only runoff and new booking, Consolidated YoY growth
9M23 HIGHLIGHTS
• BCA consumer exhibitions: generated in total Rp 46 tn
applications, increased 53% YoY, with no. of visitors NEXT
reached >179k • Mortgage: structure new products to minimize annual runoffs,
• Excluding non-subsidy mortgages, BCA leads in the leverage data analytics to tap prospective segments (mass and
market upper mass), and loan take over
• Auto: exploring market in smaller cities, growing the used 4W
segment
Public Expose 2023 PT Bank Central Asia Tbk 14
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LAR stood at 7.6%, a consistent improvement
Loan Quality & Restructured Loans (Rp tn) - Bank Only Restru. Loans - Coll.1 - Bank Only
Rp trillion Dec-22 Sep-23 ∆YoY ∆YtD ∆QoQ
Restru. Coll 1 66.3%
Total Loans by Collectability (bank only): to Total LAR 66.0%
Current 667.7 711.1 11.8% 6.5% 4.3%
Special Mention 11.6 17.6 45.8% 51.4% -9.4%
51.2
NPL 11.8 15.2 6.0% 28.6% 12.6%
46.0
Consumer 47.0%
Total Loans 691.1 743.8 12.2% 7.6% 4.1% 24.1%
24.5% 42.4%
Restructured Loans (bank only):
Cov. Ratio SME 10.0%
Current 46.0 24.1 -52.9% -47.5% -17.1% 10.2% 29.1
32%
Commercial 25.5% 16.6% 24.1
Special Mention 6.8 8.1 17.9% 19.2% -17.7% 47% 26.3% 10.1% 15.7%
NPL 9.5 12.1 12.9% 27.6% 10.3% 71% 10.8%
23.5%
46% 27.4%
Total Restruct. Loans 62.2 44.3 -35.6% -28.8% -11.2%
Corporate 40.4%
39.0%
Total LAR 69.4 56.9 -26.7% -18.0% -8.2%
49.8%
46.1%
% LAR / Loans 10.0% 7.6% -4.1% -2.4% -1.0%
Sep-22 Dec-22 Jun-23 Sep-23
Public Expose 2023 PT Bank Central Asia Tbk 15
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Prudent coverage ratio
Special Mention Composition (% of Total SML, Rp tn) Consolidated NPL Composition (% of Total NPL, Rp tn) Consolidated
Corporate Commercial SME Consumer SML Ratio Corporate Commercial SME Consumer NPL Ratio
2.7% 2.4% 2.2%
1.8% 1.7% 1.9% 2.0%
1.7%
12.7 12.5 20.5 18.6 14.6 12.1 13.8 15.6
16.5% 15.7% 19.3% 18.6%
41.6% 40.2% 40.1% 46.5% 11.8% 11.1% 13.8% 14.2%
22.1% 18.3%
23.1% 20.3%
13.3% 11.7% 14.8% 11.7%
20.4% 21.5% 23.4% 18.7%
48.9% 54.0% 43.0% 45.9%
23.5% 23.5% 19.7% 21.3%
Sep-22 Dec-22 Jun-23 Sep-23 Sep-22 Dec-22 Jun-23 Sep-23
Note: The remaining contribution came from Sharia financing Note: The remaining contribution came from Sharia financing
Loan Staging (Rp tn) – Consol Excl. Sharia & Consumer Receivables
Sep-22 Sep-23
1.9% 1.7%
Coverage ratio
(ECL on BS)
710.4
626.4
54.1% 52.8%
69.0% 66.3%
24.7 22.6
14.5 15.3
Stage 1 Stage 2 Stage 3
Public Expose 2023 PT Bank Central Asia Tbk 16
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CASA ratio stood at 80%
Third Party Fund Composition (Rp tn) - Consolidated Third Party Funds - Consolidated
Savings Current Accounts Time Deposits Rp trillion Dec-22 Sep-23 ∆YoY ∆YtD ∆QoQ
1,071.2 1,088.8
Current Accounts 323.9 337.6 6.1% 4.2% 2.7%
1,025.5 1,039.7
Savings Accounts 524.0 532.1 3.9% 1.6% -0.7%
19.3% 20.1%
19.0% 18.4%
CASA 847.9 869.8 4.7% 2.6% 0.6%
Time Deposits 191.8 219.0 12.3% 14.2% 6.1%
31.2% 30.7% 31.0% Third Party Funds 1,039.7 1,088.8 6.2% 4.7% 1.6%
30.2%
CASA Ratio 81.6% 79.9% -1.1% -1.7% -0.8%
CASA
Ratio:
80%
49.8% 50.4% 50.0% 48.9%
Online acct. opening Retail Promo Top Up e-Money
Sep-22 Dec-22 Jun-23 Sep-23 BNPL in myBCA Lifestyle - mBCA Reward Programs Contactless Credit Card
Public Expose 2023 PT Bank Central Asia Tbk 17
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Multiple channels for robust CASA franchise
APOS Serving different needs
Mobile & Internet
Banking of wide range of customer spectrum
No of Customers No of Accounts
POS &
31.1 million 38.8 million
Merchant
Branch +17% YoY +17% YoY
Apps
BCA
No of API Partners Mobile & Internet
4.9k banking: 91.3%
CRM / of total transaction
Contact +11% YoY volume
Center ATM
Public Expose 2023 PT Bank Central Asia Tbk 18
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Two powerful mobile apps for customer choice
myBCA BCAmobile
Since 2021 Since 2011
Mobile & Internet Banking Trx Vol (bn) Mobile & Internet Banking Trx Value (Rp tn)
+30% +1.6x +9%
+2.1x 22,931
20.1 18.7 18,440
19,167
14.4 14.5 16,874
14,001
9.6
2020 2021 2022 9M22 9M23 2020 2021 2022 9M22 9M23
Mobile Banking Users (mn) Online Account Opening (‘000)
+23% 4,15 +13%
+75% 30.8 2.5x 2
26.6 25.1 3,490
20.8 3,215 3,086
15.2
1,650
2020 2021 2022 9M22 9M23 2020 2021 2022 9M22 9M23
9M23 HIGHLIGHTS
• Integrate investment platform Welma into myBCA and launch investment product for retail (mutual
fund offer starting from Rp10,000; FR Bonds from Rp1 mn and INDON/INDOIS from US$1,000) NEXT
• Launch apply credit card online (ACCO) via BCA website anytime anywhere • QRIS Cross Border
• QRIS customer presented mode (CPM) • Outward Remittance
• Launching of Paylater / BNPL in myBCA • Financial Diary
• Wealth insights • Additional Payment Partners
Public Expose 2023 PT Bank Central Asia Tbk 19
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Business banking solutions for wide range of institutions from Corporate
to SMEs
•
Transfer
• Business Dashboard
•
Payment
• E-Statement
• Portfolio & Balance •
Payroll
•
Electronic Payment Instruction ~ 500k institutions ~40%
Information contribution to total
• Foreign Exchange ▲ 15% YoY
• MT940 Swift
Format • Outward Remittance transaction value
Information Payable • Trade Finance
Management • Auto Payment
Management
9M23 HIGHLIGHTS
Business • Piloting new generation business banking
Banking platform
Solutions • Expand ecosystem through partnerships
Liquidity +
Receivable
Investment • Virtual Account NEXT
Management
Management • OneKlik
• Auto Collection • New generation online business banking will be
• Account Sweeping • Inward Remittance launched in 2024
• Notional Account • Supply Chain Finance
Pooling • Cash collection, cash pick up, • Single sign-on for multiple solutions
APOS, EDC, QRIS, CDM
Merchant solutions and many more…
Public Expose 2023 PT Bank Central Asia Tbk 20
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Serving extensive network of merchants and retailers
merchantBCA app
BCA APOS Merchant Sales Value
Since 2020 QRIS Transaction Volume
+3.8x YoY +25% YoY
9M23 HIGHLIGHTS NEXT
• Increase the number • Enrich APOS and merchantBCA apps features
of 4G and APOS (YoY • More APOS rollout
rose 2.7x) • Collaborate to provide more seamless payment
services
Public Expose 2023 PT Bank Central Asia Tbk 21
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CRM / ATM compliment branches for 24 hours cash society
18.7k CRMs / ATMs
No of ATM/CRM 9M23 HIGHLIGHTS:
Cash deposits
18,161 18,705
• ~1.7 billion transaction volume
74% CRM
• ~Rp 1,750 trillion transaction value
66%
Cardless cash
ATM • Install new ATMs selectively in high cash
withdrawal
34% circulation areas
26%
• Increase Cash Recycling Machines
9M22 9M23
Cardless feature in
(CRM) portion for operational efficiency
myBCA
Public Expose 2023 PT Bank Central Asia Tbk 22
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Branch and contact center
1,252 Branches
delivering Contact Center
‘Trusted Relationship’
9M23 HIGHLIGHTS:
• Expanding and upgrading the ’hybrid model’
• Empowering human capital to focus on customer engagement and
business relationships
• Next: opening new branch selectively to cover new emerging regions
e-Branch
Star Teller branch registration
e-Service 6 sites 4,500 agents 110k calls/day, +24% YoY
self svc assisted
machine CS Digital
• Contact center presence is pivotal to ensure smooth online customer
acquisition and on-boarding
• Integrated contact center: 1500888 call center, haloBCA apps,
@goodlifeBCA Instagram and halobca@bca.co.id email
Public Expose 2023 PT Bank Central Asia Tbk 23
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Rising payout ratio in the past five years
Dividend Trend Nominal Capital and Return on Equity
Parent only
21.7 23.5
62% ROE (%) 18.0 16.5 18.3
Payout Ratio 32.4% 47.9% 48.2% 56.9%
±2x in 4yr
16.2
Cost of 11.8 11.9
Equity (%)* 9.5 9.6
205 219
205
145 189
111 106 174
Dividend / 167
68 Capital
share (Rp) (Rp tn)
2018 2019 2020 2021 2022 2019 2020 2021 2022 9M23
*) Source: Bloomberg 16 Oct 2023
• Deliver growth in Dividend per Share on the back of strong profitability.
• Dividend Payout Ratio reached 62% in 2022, almost doubled than four years ago.
• Organically increase the nominal capital for long term business growth. Ample nominal capital is necessary to compete in the capital-intensive
corporate lending space. OJK regulate one-group obligor Legal Lending Limit at 25% of nominal capital for all facilities.
• CAR stood at 29.5%. Effective 1 Jan 2023, OJK impose new formula which is accretive to BCA’s CAR after registering RWA saving from Operational Risk
and Credit Risk.
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Sustainability Finance and ESG
• Economic Aspect
• Environment
• Social
• Governance
Macroeconomy & 9M-23 Performance Sustainability Finance
Public Expose 2023 Banking Industry Highlights Overview & ESG PT Bank Central Asia Tbk 25
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Economic Aspect
Sustainable financing grew 11.9% YoY
» Sustainable financing (in Rp trillion) » Key Highlights up to Sep-23
25.0% 18.6% ► Pursue growth in sustainable financing:
14.9% 11.9%
YoY 2.2% develop financing portfolio for Electric Vehicles (EV).
183 193 issue sustainability-linked loans to corporate debtors.
159 173
YoY:
128 81 80
71 74 8.5% ► Participated in the initial offering of Indonesia’s first
Green
Financing 50 carbon trading exchange.
YoY:
88 102 99 113
MSME 77 14.5%
► Responsible lending policies are in place for 5 sectors:
Dec-20 Dec-21 Dec-22 Sep-22 Sep-23 palm oil, forestry & wood products, coal mining, toll road,
% to total
portfolio 22.2% 24.8% 25.4% 25.1% 25.0% and cement & steel.
» Top 3 green financing (in Rp trillion) ► Actively engaged in ongoing ‘OJK Green Taxonomy’
YoY 30.5% 32.0% program.
5.0% 19.4% 29.7%
-4.2%
60.3 63.3 ► Joined Partnership for Carbon Accounting Financials
(PCAF) signatory to calculate Scope 3 GHG emission from
6.6 7.9 debtors’ carbon footprint.
4.0 5.2
Natural resources & Sustainable transportation Eco-friendly and eco- ► Conducted initial bottom-up climate-risk stress test (CRST)
sustainable land use efficient products analysis on BCA’s exposure of physical and transition risk.
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Economic Aspect
Pursuing new opportunities and continuously expanding
» Rising EV financing portfolio » Providing financial solutions for entrepreneurs
Loan outstanding for EV financing 3Q23 New Booking Multipurpose
in Rp billion No. of woman debtors loans for MSMEs
877 43k debtors
751 Financing amount ▲ 23% YoY
Rp 277 bn Loan O/S to woman debtors
▲9.0x YoY
Rp 14.3 tn
327 ▲ 20% YoY
274
No. of units financed MULTIPURPOSE LOANS
59 No. of MSME START FROM
619 units debtors financed 209k debtors
Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 (cumulative) ▲ 19% YoY
» Issued sustainability-linked loans (SLL) » Moving towards more sustainable palm oil sector
Sustainability Performance
Debtor Description
Targets (SPT) ► Financing to certified palm oil (ISPO/RSPO).
Cement CO2 emission Total SLL ► Adopt no-deforestation, no-peat, no-exploitation (NDPE) principles.
manufacturer reduction disbursed ► Local community empowerment through financing to plasma farmers,
in collaboration with corporate customers.
Palm oil plantation
Sustainable palm Rp 319 bn ► 69% of palm oil debtors were ISPO/RSPO certified in Sep-23, compared
oil certifications
to 50% in Dec-20.
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Environment
Expanding waste management practices beyond banking operations
FY21 FY22 YoY
Total CO2 savings
9M23 Key Achievements
potential (ton eq.)
888 1,996 125% A Recycling Output
Waste Recycled
Recycle & Plastic bags, paper, 26 ton Plastic pellets,
Non-Organic carton, bottle reusable pulps, etc.
▲ 98% YoY
A Waste 0 349 N/A
Management
Archives & 338 ton
Documents Expired documents Reusable pulps
▲ 2% YoY
Digital
Electronic Uninterruptible
B Banking 797 1,458 83% power supply (UPS),
32 ton
Plastic pellets
Operation Waste NEW
hard disk, key BCA
Waste Management Beyond Workplace:
Green Building Engaging stakeholders to shift towards sustainable lifestyle
C & Energy 59 149 153% Employees Customers & Public
Efficiency ► Internal campaign to encourage ► Install reverse vending machines
household waste recycling for plastic bottles recycling in
several BCA events.
► 8 types of household waste
Nature recycled.
D Conservation
32 40 25%
Total Waste Recycled: 3.3 ton Reverse vending machine
for plastic bottles
CO2 savings potential: 13.5 ton eq.
Public Expose 2023 PT Bank Central Asia Tbk 28
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Environment
Offsetting carbon footprint through various initiatives
FY21 FY22 YoY
Total CO2 savings
888 1,996 125% 9M23 Key Achievements
potential (ton eq.)
B
Digital workplace
Recycle & of transactions in 9M23 done through
99.7% digital channels (internal administration, approval mechanism,
A Waste 0 349 N/A internal event, work from hub)
Management
Digitalize customer billing and Potential saving of 3.7 million sheets of paper in 9M23
account statements Equivalent to 38.2 ton eq. CO2
Digital
B Banking 797 1,458 83% C D
Operation Orangutans Conservation
BCA Foresta Building
46
ASEAN Energy Awards rehabilitated orangutans released
Winner for Energy Efficient to the wildlife as of Sep-23
Green Building Building Category
C & Energy 59 149 153%
Trees Planting
Efficiency
77,103
branch offices with environmentally trees planted since 2009
74 friendly building features across
Nature Developed carbon reduction roadmap until
118
D Conservation 32 40 25% 2030 covering on-grid solar panels, efficient
energy usage in branches, and more hectares of land
environmentally-friendly AC
Public Expose 2023 PT Bank Central Asia Tbk 29
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Social
Empowering societies to achieve welfare
» Fostering development of local MSME businesses » Awards & recognition received by BCA’s tourism villages
► Hosted UMKM Fest - a marketplace festival for MSMEs to
showcase their products
► Held online and offline for 3 consecutive years
► Participated by ~1,400 MSMEs nationwide ASEAN Community Tourism Village Award Indonesia Representative for
Based Tourism Award by Ministry of Tourism Best Tourism Village UNWTO
► A program aimed to engage MSMEs to scale up their
(3 villages) (6 villages) (3 villages)
businesses
► The program has engaged 1,900+ MSMEs since Nov 20
Indonesian World Records Museum (MURI)
► Nurturing MSMEs through training, coaching, and working
The First Community-Based Digital Forest in Indonesia
capital financing
Bukit Peramun Village, Belitung Island
The Longest Chain of Traditional Settlement in Indonesia
► Hosted local business of tourism villages in BCA Expoversary
Sijunjung Village, West Sumatra
► Held export coaching for curated MSMEs in Central Java &
Yogyakarta
Other Initiatives ► Facilitated 1,000 MSMEs in obtaining Halal certification » CSR Initiatives & outreach in 9M 2023
Education & Financial Literacy
129,259 participants of financial literacy socializations & activities
333 teachers participated in learning method training facilitated by BCA
Public Health
9,740 patients of medical treatment assistance
Tourism village products
in BCA Expoversary BCA UMKM Fest 2023 1,375 blood bags collected for donation
370 cataract surgeries
Public Expose 2023 PT Bank Central Asia Tbk 30
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Governance
Strengthening corporate governance
» Good governance for sustainable business practices » Rising importance of IT Governance
Enterprise Security Unit
Data protection technologies
Fair dealing applied to both internal & vendors (e.g. human to oversee the implementation
to ensure data privacy
rights, occupational health & safety, employment, etc.) of cyber security internally
Enhancement of formal
Enforcing data security policy
procedures on consumer
Anti-corruption and anti-fraud prevention initiatives across all work units
data protection
Raising cybersecurity awareness for
employees, customers, and clients
Preventing financial crimes by raising awareness on
anti-money laundering & terrorism financing Conducting Various Campaigns for Cybersecurity Awareness Month
Whistleblowing system
Obtained IT & Data Security Certifications
Encourage employees to develop competencies 1 ISO 27001:2013 3 ISO 20000-1:2018 5 ISO 27001:2013
on ESG aspects for Enterprise Security for IT service management for data center
& data center network & operation
2 PCI DSS 3.2.1 certification 4 ISO 9001:2015
Strengthen ESG work unit, improve ESG disclosure for BCA data center (global for data center operations &
data security) quality management system
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ESG Rating & Awards
MSCI Indonesia Index FTSE4Good ASEAN 5 Index Best for ESG in Indonesia
Top 10 Constituents Top 10 Constituents
Asiamoney Asia’s
Outstanding Companies
BCA constituents of: Poll 2023
• IDX ESG Leaders Index
• SRI – KEHATI Index
• ESG Quality 45 IDX – KEHATI Most Honored Company &
• ESG Sector Leaders IDX – KEHATI Best ESG (Sell-Side) for Banks
Last update: Sep 2023 Last update: Sep 2023 Last update: Sep 2023
Institutional Investor Asia
Executive Team Award 2023
FIHRRST Thomson Reuters - Refinitiv Dow Jones Sustainability Index Best Overall Big Cap
Best Sustainability Report ESG Scores S&P Global CSA
IICD Corporate Governance
Rating A+ Rating A Score 50 Award 2023
Rank percentile 83th
Best Private Bank for
Sustainability
Last update: Feb 2023 - Annually Last update: Nov 2022 - Annually Last update: Oct 2023 - Annually
TrenAsia ESG Award 2023
Public Expose 2023 PT Bank Central Asia Tbk 32
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Share Data, Ratings & Awards Public Expose 2023 PT Bank Central Asia Tbk 33
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BCA share performance & rating
BCA Shareholding Structure (30 September 2023) Performance BBCA vs IDX Finance Index
(Relative price up to 13 Oct 2023 against 1 Jan 2018)
Number Ownership
of Shares 130%
Percentage 114.6%
BCA Share Price 112.3%
110% 107.2%
PT Dwimuria Investama Andalan * 67,729,950,000 54.94%
87.2%
90%
76.9%
Public** 55,545,100,000 45.06%
67.7%
70% 67.2%
57.0%
Total 123,275,050,000 100.00% 50.7% 51.1%
50% 43.4%
36.6% 35.1%
33.2%
Note:
30% 24.7% 25.5% 25.5%
20.4%
* Shareholders of PT Dwimuria Investama Andalan are Mr. Robert Budi Hartono and Mr. Bambang Hartono, 21.6%
therefore the ultimate shareholders of BCA are Mr. Robert Budi Hartono and Mr. Bambang Hartono.
23.7%
10%
**
1.1% 11.7%
Under this composition, 2.49% of shares belong to parties affiliated with PT Dwimuria Investama Andalan.
-10%
-6,3% IDX Finance Index
-22.8%
-30% -25.8%
Fitch Ratings Pefindo Ratings Jan-18 Sep-18 May-19 Jan-20 Nov-20 Aug-21 May-22 Jan-23 Oct-23
As of November 2022 As of March 2023
Description Rating Description Rating Market Cap BCA: Rp1,119 tn (13 Oct 23)
Outlook Stable Corporate Rating idAAA/Stable “The Largest in Indonesia”
Long-Term IDR BBB- Shelf Registration
idAA/Stable
Sub Bond I
Short-Term IDR F3 CAGR BCA Share Price: +20.6%
National Long-Term AA+ (idn) (2 Years: Oct-21 to Oct-23)
National Short-Term F1+ (idn)
Viability bbb- CAGR IDX Finance Share Price: -6.5%
Government Support bbb- (2 Years: Oct-21 to Oct-23)
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Awards and recognitions – 2023 (1/3)
Best Bank Public Relations
Asiamoney Private Banking FinanceAsia Award 2023 Issuer Appreciation Night –
Award 2023 Best Bank in Indonesia Launching of Tempo Index -
Best for High Net Worth in IDNFinancials 52
Indonesia Platinum Category
Forbes' List of Global 2000 2023 • Main Index PR Indonesia Award (PRIA) 2023
#462 Global 2000 • High Dividend • Digital Channel – Social Media – Instagram
• High Growth (bcasemuaberes)
Indonesia Banking Summit 2023
• High Market Capitalization • Annual Report – Annual Report 2021
World's Best Bank 2023 • 4th Indonesia Top Bank Awards 2023
• Annual Report – Sustainability Report 2021
#1 in Indonesia • Top Bank 2023 In Conventional - KBMI 4
• Owned Media – Video Profile (Company
Bisnis Indonesia Award 2023 Profile BCA)
Obsession Award 2023 National Private Bank • Program PR – Digital PR
Asiamoney Asia's
Outstanding Companies Best of the Best Company (BCA CAREER - #MUNGKINLOCOCOK)
Poll 2023 Bisnis Indonesia • Most Popular –Mass Media
• Overall Most Outstanding Company in Financial Award 2023
Indonesia Best Bank 2023 • The Best Performance Bank (KBMI 4)
• Best for ESG in Indonesia • The Most Efficient Bank (KBMI 4)
Best Bank 2023 Category KBMI 4 4th Indonesia Public Relations Summit 2023
• Most Outstanding Company in Indonesia 4th Corporate Reputation Awards 2023 - KBMI 4
(Banking Sector) Banking Mastery
20th Infobank - MRI Banking Forum 2023
Service Excellent 2023 Platinum Category
• Excellent Financial Performance Bank in 20 Journalist Choice Category - Financial Services
The Asian Banker Leadership Achievement BCA – Titanium Recognition – 15 Consecutive
Consecutive Years (2003-2022) (Communications Team)
Award 2023 years In Service Excellence
• Excellent Financial Performance Bank in 2022
Bank of the Year in Asia Pacific 2023 • The Best Internet Banking
• The Best Digital Branch Sewindu PR Indonesia
The Asian Banker • The Best Opening Account via Mobile
Indonesia Awards 2023 Application/Mobile Browser Prominent Award 2023
Metro TV 100 Influential Institutions in the Field of
• The Best Live Chat
• Most Recommended Retail Bank Communication
• The Best Cash Recycling Machine
• Most Selected Main Bank The Most Prominent Book 4 Bank in Stock
• The 2nd Best Contact
• Best Retail Bank Market Valuation
• The 2nd Best Digital Channel
• The 2nd Best Mutual Fund Apps
• The 2nd Best Email Service
• The 3rd Best E-Banking
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Awards and recognitions – 2023 (2/3)
Brand & Marketing Customer Service
Marketeers Youth
2023 BrandZ Most Valuable Choice Award
Global Brand • Banking Mobile Apps
Gallup Global Customer Engagement
Most Valuable Global Brand – (BCA Mobile) Infobank Satisfaction, Loyalty and
ranked 74th • Saving Account Customer Engagement Recognition – Above Engagement (SLE) Awards 2023
(Tahapan Xpresi BCA) Global Customer Engagement Average Score • Satisfaction Index 2023 (1st rank)
or 90th percentile • Satisfcation Index 2023 – Customer Service
(1st rank)
Indonesia's Strongest Brand 2023 The 20th International Business • Satisfaction Index 2023 – ATM Conventional
AAA+ (92,9) – 1st rank Awards Bank (1st rank)
• Satisfaction Index 2023 – Mobile Banking
OMNI Brands of the Year • Marketing Campaign of the Year - Financial (2nd rank)
2023 Solo Best Brand & Innovation (SBBI) 2023 Products & Services (Bronze) • Satisfaction Index 2023 – Teller (2nd rank)
• Private Bank Savings Accounts • Customer Service Department of the Year • Satisfaction Index 2023 – Branch (2nd rank)
• Integrated Education
• Credit Card (Bronze) • Engagement Index 2023 (2nd rank)
Campaign (#AwasModus)
• Digital Longue – myBCA • Loyalty Index 2023 (3rd rank)
• Savings Indonesia Property & Global Contact Centre World
• Call Center Bank Award 2023 Awards Asia Pasific 2023
• Conventional Bank The Most Favourite The Best Contact Center
Mortgage Product (KPR • Gold winner in: CS Team, IT Team, Retention Indonesia 2023 (TBCCI)
WOW Brand Festive Day 2023 BCA) Team, Sales Team, Social Media Team, Client
• BCA Credit Card Service Team, and VIP Team.
• ATM • The Best Operation
Silver winner in: Customer Loyalty,
• KPR • The Best Digital Media
Organizational CX, Community Spirit, and OS
• BCA Mobile • The Best Customer Experience
Partnership : Infomedia.
• Flazz Card • The Best Employee Engagement
• Bronze winner in: Sales Campaign.
• The Best People Development
• The Best Business Contribution
Indonesia Customer Service • The Best Technology Innovation
Quality Award 2023
• BCA (1st rank)
• Credit Card (1st rank)
• BCA mobile (1st rank)
• Halo BCA (1st rank)
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Awards and recognitions – 2023 (3/3)
CSR Human Capital GCG ESG
Fortune Indonesia HR Asia Award 2023 Asean Energy Business
Change the World • HR Asia Best Companies to Forum (AEBF) 2023
Change The World Work for in Asia TM 2023 Transparency and Corporate Emission Energy Efficient Building,
(Bakti BCA) • HR Asia Digital subkategori New and
Reduction Award 2023
Transformation Awards Transparency in Calculating Corporate Existing Building (Wisma
2023 Emissions - Platinum Category Foresta)
Brandon Hall Group
HCM Excellent
5th Indonesia CSR Brand Equity Award 2023 Awards The 14th IICD Corporate Governance TrenAsia
Bank Sector Industry Category Silver Winner - Best Advance in Leadership ESG Award 2023
Conference and Award
Development Best Overall The Private Bank
Category for
CSR Award 2023
Stevie Awards for Great Sustainability
Integrated CSR
Employers
Initiatives – Financial
Sector Category Best Results of a Learning
Program
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DISCLAIMER This Presentation has been prepared by PT Bank Central Asia Tbk (“BCA”) for information purposes only. This Presentation including any information, estimation and/or projections contained herein or provided by BCA in any other written or verbal communication (the “Information”) does not constitute a commitment or recommendation or advice by BCA. This Presentation does not purport to contain all of the Information that may be required or desirable to evaluate all of the factors that might be relevant to a recipient considering investing in BCA and any recipient hereof should conduct its own investigation and analysis in order to make an independent determination of the suitability and consequences of entering into or participating in any investment or transaction related to BCA. Under no circumstances is this Information to be used or considered as an offer to sell, or a solicitation of an offer to buy, a participating interest or any security or a recommendation that a recipient hereof should enter into or participate in any transaction related to BCA, buy or sell any participating interest or security, or otherwise make any investment decision. BCA reserves the right to amend, update or replace all or any part of the Information at any time but shall not be under any obligation to provide any recipient of this Presentation with any notice of such amended, updated or replacement information or to correct any inaccuracies herein which may become apparent. By accepting, receiving and/or viewing this Information Presentation, the recipient hereby acknowledges and agrees that neither BCA nor any of its subsidiaries, its affiliates, employees, directors, commissioners, representatives or advisors make any guarantee, representation, warranty or undertaking, express or implied, as to the fairness, accuracy, reliability, correctness, reasonableness or completeness of the Information. Therefore, neither BCA nor its subsidiaries, affiliates, employees, directors, commissioners, representatives or advisors shall have any liability arising from or in connection with any Information provided by BCA (whether written or verbal communication. No reliance should be placed on such Information. BCA, its subsidiaries, affiliates, employees, directors, commissioners, representatives or advisors will not be liable for any losses and/or damages in connection with the use of this report and/or any action taken in reliance upon the whole or any part of the content of this Presentation. Nothing in this Presentation should be construed as legal, tax, financial, business or investment advice. By attending the meeting where the Presentation is made, or by accepting and viewing/reading this Presentation, you acknowledge and agree to the above disclaimer and/or limitations in this Presentation. Public Expose 2023 PT Bank Central Asia Tbk 38
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Thank You
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