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Page 1
PT Bank Syariah Indonesia Tbk Public Expose 2025 Investor Relation Group
Page 2
Section 1 Global and Indonesia Macroeconomics Highlight
Page 3
Global Macro – Trump 2.0
So far has strengthens the dollar against major currencies … … and the treasury yields higher on the back of higher demand
Trump has recently imposed import tariffs
to protect domestic trade from foreign 180 2 US Treasury Yield (%)
competitors, leading to increased 160 5.5 1
1.8
uncertainty in the global economy 140
120 1.6 5 0.5
100
US Trade Balance by Country (USD Mn) 1.4 4.5 0
80
60 1.2
4 -0.5
40
China (24,994) 1
20 3.5 -1
0 0.8
Apr-20
Apr-21
Apr-22
Apr-23
Apr-24
Dec-19
Dec-20
Dec-21
Dec-22
Dec-23
Dec-24
Aug-20
Aug-21
Aug-22
Aug-23
Aug-24
EU (20,215) 3 -1.5
1M 2M 3M 4M 6M 1Y 2Y 3Y 5Y 7Y 10Y 20Y 30Y
Mexico (15,349) USD, lhs JPY, lhs EUR CNY GBP Delta YTD 2024, rhs Dec-23 Dec-24 Nov-24
Vietnam (10,893) From recent Fed meeting, with inflation remaining persistent, Global GDP growth expectations have not yet shown signs
rate cuts do not seem likely anytime soon of improvement
German (YoY %)
(6,511)
0 4.4
6.80
6.90
Taiwan (5,567) -0.5
4.2
4.90
4.70
-1
4.10
4.00
3.30
3.20
Japan (5,450) -1.5 4
2.80
2.40
1.80
1.80
-2
1.30
1.00
3.8
0.80
South Korea (5,027)
0.30
-2.5
-3 3.6
Indonesia
May-25
Apr-26
Mar-25
Dec-25
Mar-26
Dec-25
Jun-25
Oct-25
Jun-26
Oct-26
Jan-25
Jan-26
Jan-27
Jul-25
Sep-25
Jul-26
Sep-26
(1,503)
World AEs EMEs US Euro Japan China India
Area
#Hikes/Cuts, lhs Implied Rate (%), rhs 2024E 2025F
Source: Bloomberg
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 3
Page 4
Indonesia Macro – Strong Resilience in Managing Global Spillovers
Amid global pressure in 2024, Indonesia is expected to achieve Inflation remains well-controlled, aligning with the … Supporting Indonesia's financial stability with a
5.10% growth, driven mainly by rising investment and targets set by Bank Indonesia, aided by stable food trade balance that continues to show a surplus …
sustained consumption … Source of GDP Growth, (%)
prices …
30,000 8,000
6.00 5.31 5.05 5.03 5 - 5.10 6.00 16 7,000
25,000
3.70 6,000
4.00 4.00 12 20,000 5,000
2.00 15,000 4,000
2.00 8
0.00 10,000 3,000
0.00 2.26 2,000
-2.00 4 5,000
1.57 1,000
-4.00 -2.00 0.56 - -
-2.07 0 0.12
Dec-20
Dec-21
Dec-22
Dec-23
Dec-24
Jun-21
Jun-22
Jun-23
Jun-24
Jun-23
Dec-20
Dec-21
Dec-22
Dec-23
Dec-24
Jun-21
Jun-22
Jun-24
-6.00 -4.00
2020 2021 2022 2023 2024 2025F -4
Balance of Trade (USD Mn), rhs Export (USD Mn)
Private consumption Government Spending GFCF Headline Core Administered Volatile Food Import (USD Mn)
Net Export GDP (rhs)
BI decision to cut the rate recently as the effort to stimulate Also optimizing expenditure efficiency within ministries … and Imposed a longer DHE lock-up period to
demand than stabilizing currency and agencies to alleviate budget deficit pressures … support the FX reserves
10.00 115.00 Fiscal deficit to GDP (%) 250 Term Deposit Forex DHE (USD Mn)
8.00 110.00
200
105.00
6.00 150
100.00 (1.61)
4.00 (2.29) + (2.50) 100
95.00 (2.90)
2.00 90.00 50
(4.65)
- 85.00 -
Dec-24
Dec-20
Dec-21
Dec-22
Dec-23
Jun-21
Jun-22
Jun-23
Jun-24
Dec-23
Dec-24
Mar-23
Jun-23
Mar-24
Jun-24
Sep-23
Sep-24
(6.50)
BI Rate ID10YR Gov Bond DXY, rhs 2020 2021 2022 2023 2024 2025F
1 Month 3 Month 6 Month
Source: BPS, Bank Indonesia, Bloomberg
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 4
Page 5
Indonesia Macro – Government Support
A new initiatives to support and encourage economic The new program increase optimistic towards the current … This robust reserve level supports the resilience of the
growth going forward … and future economy conditions … external sector and financial system stability
200.0 60,000
Free Nutritious Free Health 40,000
150.0
Meal Check Up
100.0 20,000
50.0 -
School National Food
Renovation Barn 0.0 (20,000)
Dec-20
Dec-21
Dec-22
Dec-23
Dec-24
Jun-21
Jun-22
Jun-23
Jun-24
(40,000)
(60,000)
The government budget allocation of IDR 71 tn is estimated 2020 2021 2022 2023 Q3-24
to contribute to GDP growth equivalent to IDR 14.61 tn. Consumer Confidence Index (CCI)
This program has the potential to increase the average net Current Economic Condition Index (CECI) Goods Service Primary Income
Consumer Expectation Index (CEI)
income of SMEs by up to 33.68% and add an average of 3 Secondary Income Current Account
additional employees/SME.
Separately, initiatives to attract investment continues Particularly with respect to the downstream value-added
(Free nutritious meals multiplier effect)
processes of natural resources
Investment realization (IDR Tn) Downstream investment (IDR Tn)
GDP 0.06%
2,000 2,000 134.9
1,714
Household Consumption 0.41%
1,419 109.4 105.6
Investment 1,500 1,207 1,500 91.5
0.06%
900.10 75.8
826 901 743.90
Export 0.13% 1,000 1,000
654.50
Import 0.24% 412.80 454.00
500 500
675.00 814.00
Employment Rate 413.50 447.00 552.70
0.19%
- -
Labor Wages 0.39% 2020 2021 2022 2023 2024
Q4-2023 Q1-2024 Q2-2024 Q3-2024 Q4-2024
DDI FDI Total
Source: Bank Indonesia, INDEF, Ministry of Finance, BKPM
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 5
Page 6
Section 2 Indonesia Banking Industry and BSI Positioning
Page 7
BSI Asset Growth Has Surpassed The Industry On The Back Of Strong Funding Based
BSI asset growth continue to surpassed the industry … … with sound asset quality… … backed by adequate liquidity inline with the industry level
90.45%
17.19% 3.04%
87.77%
14.38% 86.95%
2.88%
87.34%
12.88% 13.07% 12.86% 2.65%
2.52% 83.17% 82.68% 84.78% 84.80%
10.67%
2.53% 2.36%
9.78% 2.34%
9.48%
82.13%
9.70% 7.93% 2.19%
2.31%
80.00%
6.96% 79.60%
2.15%
5.09%
2.00%
1.97%
75.44%
May-22 Nov-22 May-23 Nov-23 May-24 Nov-24 May-22 Nov-22 May-23 Nov-23 May-24 Nov-24 May-22 Nov-22 May-23 Nov-23 May-24 Nov-24
Industry BSI NPF Industry NPF BSI LDR Industry LDR BSI
Source: OJK, Internal Data, Excluding BPR & BPRS
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 7
Page 8
Sound Asset Quality And Margin Has Led Profitability And Stronger Capital
NIM improve with better cost of fund Continue to deliver sustainable profit Leading to stronger CAR and narrowing the gap
against the industry
2.83% 2.84%
27.86%
2.43% 27.31%
2.32% 26.87%
48.06%
2.53% 26.17%
2.47%
1.63% 1.66% 43.77% 25.47%
1.99% 2.09%
24.74%
1.58% 1.59% 37.62% 38.08%
40.76%
6.08% 6.25% 30.35%
5.94% 5.84%
5.47% 5.56%
21.55% 21.83%
24.09% 18.15% 18.53% 20.84% 20.83%
20.03%
4.67% 4.70% 4.79% 4.83% 4.56% 4.59%
7.00%
2.84%
17.03% 17.08%
May-22 Nov-22 May-23 Nov-23 May-24 Nov-24
May-22 Nov-22 May-23 Nov-23 May-24 Nov-24 May-22 Nov-22 May-23 Nov-23 May-24 Nov-24
CoF Industry NIM Industry
CoF BSI NIM BSI YoY PAT Industry YoY PAT BSI CAR Industry CAR BSI
Source: OJK, Internal Data, Excluding BPR & BPRS
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 8
Page 9
The Strategic Initiatives Have Propelled To Lead The Market
Banking Industry Market Share
Sharia Bank vs National Bank BSI vs National Bank BSI vs Sharia Bank
8.01% 8.06%
3.56%
3.47%
7.91% 7.99%
7.64% 45.06%
3.21% 3.38% 3.43% 44.10%
3.15% 3.12% 43.91%
43.44% 43.15%
7.43% 3.22% 42.91%
7.18% 2.91%
7.39% 7.39%
7.00% 3.04%
2.96% 3.01%
7.11% 2.86% 42.18% 42.20% 41.22%
41.88% 40.89%
6.96% 6.99% 7.04% 41.66%
2.75%
2.61% 2.62% 40.69%
6.70% 2.37% 40.40%
6.36%
38.10%
6.47% 2.35% 39.19% 39.10%
6.17% 37.26%
2019 2020 2021 2022 2023 Nov-24 2019 2020 2021 2022 2023 Nov-24 2019 2020 2021 2022 2023 Nov-24
Asset Third Party Fund Financing Asset Third Party Fund Financing Asset Third Party Fund Financing
Source: OJK, Excluding BPR & BPRS
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 9
Page 10
Outpaced the Banking Growth Against the National Bank
Asset Loan/Financing Third Party Fund
11.11% 12.21%
10.18% 11.35% 10.38% 10.79% 9.01% 7.54%
7.18% 9.90% 7.93% 5.24% 3.73%
5.87% (2.41%)
National Bank
12,335
10,112
11,113
11,766
YoY
9,178
7,717
5,482
5,769
6,424
7,090
8,836
6,665
7,479
8,154
8,458
IDR Tn
2020 2021 2022 2023 Nov-24 2020 2021 2022 2023 Nov-24 2020 2021 2022 2023 Nov-24
A continuing growth with dominant contribution from BSI
18.12% 11.12% 12.11% 12.35% 13.29%
16.05% 15.76% 15.67% 17.19% 15.64% 21.26% 15.70% 16.76%
11.07% 9.32%
Sharia Bank 19.91%
15.24%
15.57% 15.66% 11.86% 12.86% 12.84%
13.94% 11.24% 10.43%
13.23% 11.59% 8.10% 6.75%
11.11%
YoY Growth
YoY Growth BSI 869 911 568 622 669 706
782 491 606
594 677 537
384 410 466
IDR Tn
BSI (IDR Tn)
240 265 306 354 376 157 171 208 240 274 210 233 261 294 303
2020 2021 2022 2023 Nov-24 2020 2021 2022 2023 Nov-24 2020 2021 2022 2023 Nov-24
Source: OJK, exclude BPR & BPRS
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 10
Page 11
Shifting Customer Trends Create Opportunities to Penetrate the Market
2014 2024
High High
Rationalist Universalist Rationalist Universalist
“benefit preference” “functional & benefit “benefit preference” “functional & benefit
Functional & Emotional Value
preferences”
Functional & Emotional Value
preferences”
20.7% 25.6% 30.8% 30.0%
Apathist Conformist Apathist Conformist
“sensitive to pricing” “it must be Sharia” “sensitive to pricing” “it must be Sharia”
33.2% 20.6% 10.2% 29.1%
Low High Low High
Spiritual Value Spiritual Value
Rationale behind Enhanced societal welfare resulting from Significant progress in financial Improved competitiveness of Islamic
market shifting strong economic growth inclusion over the past several years banking products
Source : Inventure Research
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 11
Page 12
Factors to Consider when Choosing a Bank
Physical presence is one of the considerations in which we are … overall Java still dominate GDP contribution to Indonesia
lagging Indonesia GDP Contribution by Region Historical Contribution of GDP
Average Kalimantan Sulawesi
Top 4 Bank 8.24% 7.12%
Result
Base: the respondent that has used 57.02%
the bank as their main bank (n=) 1,135 154 56.50%
55.00%
Trustworthy
68 67 Sumatra
(Customer trust, and customer period)
22.12%
Physical Presence 42.98%
44.50%
91 48 45.00%
(Total ATM and Branch)
Java Maluku & Papua
Quality of Bank Facility 57.02% 2022 2023 2024
57 37 Bali & Nusa Tenggara 2.69%
(Vast network and accessibility)
2.81% Java Non-Java
Bank Product
(Technology, cost, attractiveness, 35 54 Branch relocation is in progress by focusing more on inner JABODETABEK
customer experience)
Bank A Bank B
Loyalty Program
7 13 Current
(Promotion and gift)
Benchmark 76% 40% 50%
Others 37 21 branch on Java branch on Java branch on Java
Average 5.0 3.3
Current 60% Non JABODETABEK 74% Non JABODETABEK 78% Non JABODETABEK
Leading Indicator Lagging Indicator
Area
40% JABODETABEK 26% JABODETABEK 22% JABODETABEK
10% (YoY)
Source: Nielsen Consumer LLC, 2021 Note : JABODETABEK area include city of Jakarta, Bogor , Depok, Tangerang, Bekasi
Source : Internal Research as of Dec-24
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 12
Page 13
Business Scale to Lead the Dominance in the Sharia Banking
1) BSI is now the only sharia bank in the top 10 bank in Indonesia that has more 3) Translated into prominent key deliverables compared to peers
than 1k branches
7,594 Asset Loan Third Party Fund
(IDR Tn) (IDR Tn) (IDR Tn)
376 267 303
2,201
1,779 Bank B* 60 Bank B* 21 Bank B* 43
1,257 1,039 731 404 360 208 207
Bank C 33 Bank C 20 Bank C 28
Bank A Bank B Bank C Bank D Bank F Bank G Bank H Bank I Bank J
Bank D 32 Bank D 18 Bank D 27
2) The largest amongst the other sharia bank, well ahead in the capitalization
Bank E 22 Bank E 12 Bank G 12
1,039
Bank F 18 Bank F 11 Bank F 12
Bank G 17 Bank H 10 Bank E 12
235
162 161
77 71 61 40 24 1
Bank H 16 Bank G 10 Bank H 11
Bank B Bank C Bank D Bank E Bank F Bank G Bank H Bank I Bank J
Bank I 15 Bank I 9 Bank I 10
KBMI 3 KBMI 1
Bank J 14 Bank J 7 Bank J 9
Source: Internal Data & Financial Report, Nov-24
* Data as of Sep-24
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 13
Page 14
Supported by Multiple Channels Combined with a Unique Value Proposition
Ongoing initiatives to implement significant enhancements and modernize the infrastructure
Financial
Branch ATM Merchant Agent
Network & CRM EDC & QRIS Banking
(in ‘000) (in ‘000)
Ongoing
efforts to
119
enhance 1,241 5,425
463 01
infrastructure
2,592
1,039 40
0*
02 03
* Launch Merchant QRIS in 2022 &
EDC in 2023.
Extending coverage Raising brand A complete financial
to ecosystem Awareness solution
Social Spiritual
Super Apps Cash Management
User (in Mn)
New
7.99
Initiatives to 1.98 BYOND Recently approved
augment the (Launched in Nov-24) by OJK in Dec-24
product Delivering a seamless client experience
1.57 6.01 BSI Mobile
portfolio as a means of differentiation
Dec-23 Dec-24
Pre-Merger 2024
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 14
Page 15
Consumer Business and Saving Account Dominate Balance Sheet Mix
Dec-24 Bank A* Bank B Bank C Bank D
Consumer Portion to
54.54% 15.01% 16.80% 24.52% 18.76%
Total Loan
Asset
Wholesale Portion to
27.73% 18.30% 69.64% 61.91% 71.26%
Total Loan
SME-Micro Portion
17.73% 66.68% 13.56% 13.57% 9.98%
to Total Loan
CASA 60.12% 64.40% 80.31% 82.38% 70.42%
Liability
Current Accounts
28.62% 40.15% 51.71% 39.35% 54.01%
To CASA
Saving Accounts
71.38% 59.85% 48.29% 60.65% 45.99%
to CASA
Source: Internal Data & Financial Report (Bank Only)
*Data as of Sep-24
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 15
Page 16
The Indonesia Best Medium Sized Bank
Total Asset Saving PPOP Consumer Financing* Net Profit
(IDR Tn) Growth (IDR Tn) Growth Growth Growth (IDR Tn) Growth
(IDR Tn) (IDR Tn)
YoY YoY YoY YoY YoY
Bank A 1,851 4.37% Bank A 552 3.75% Bank A 98 12.97% Bank A 292 10.38% Bank A 50.47 14.31%
Bank B 1,851 13.67% Bank B 535 3.95% Bank B 65 6.10% Bank B 257 5.72% Bank B 50.00 3.96%
Bank C 1,415 4.50% Bank C 505 12.34% Bank C 64 13.61% Bank C 216 14.19% Bank C 47.17 4.67%
Bank D 1,073 9.83% Bank D 243 8.75% Bank D 30 (2.43%) Bank D 210 10.84% Bank D 19.81 4.04%
Bank E 449 6.11% 5 133 12.74% 5 10 8.42% 5 146 16.27% 5 6.20 21.55%
6 376 17.19% Bank F 81 3.62% Bank F 9 (2.40%) Bank F 137 14.64% Bank F 5.85 4.85%
Source: Internal Data & Financial Report (Bank Only as of Nov-24)
*Data as of Sep-24
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 16
Page 17
Growing the Customer Base with Avenues to Capitalize on
The customer acquisition align with shifting customer trends … … facilitating the provision of Sharia-compliant products to drive an increase in the
product holding ratio
(Mn Customer)
0.0% 0.1% 2.3% 0.3% 4.8%
PHR Payroll 18.60%
+7.43%
21.11 2024 2.92
+10.52% 14.60% 14.90%
13.80%
19.65
5.72%
+11.61%
17.78
2023 2.73 3.40%
1.10% 1.00%
+10.55% 0.20% 0.20%
15.93
0.0% 0.1% 0.7% 0.1% 1.0%
14.41 PHR Bankwide 24.50%
2024 1.71 23.50%
2.31%
1.60%
1.20% 1.30% 1.20% 1.30%
2023 1.61
0.20% 0.20%
Pre-Merger 2021 2022 2023 2024*
Automotive Mortgage Gold Business Multipurpose Hajj Savings
* 13.33% YoY growth without customer clean up of 1.16 Mn during 4Q24 to comply with regulatory
requirement 2023 2024
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 17
Page 18
Section 3 BSI Business and Strategy
Page 19
Sustainable Financial Growth Since the Merger in 2021
2.60%
2.36%
Profit After Tax Cost of Credit 1.97%
(IDR Bn)
+22.83% 1.14%
A stringent risk policy and the 0.83%
7,006 right business model has led to
+33.90%
healthy new booking quality
5,704 Pre- 2021 2022 2023 2024
+40.69%
Merger
+38.39% 4,260
2.70%
2.49%
3,028
Cost of Fund 2.03% 2.13%
1.62%
2,188 Improvement in CASA, new
client acquisition supported
with infrastructure has gradually
managed the CoF
Pre- 2021 2022 2023 2024
Pre-Merger 2021 2022 2023 2024 Merger
17.95%
15.45% 15.91% 15.80%
Fee Based Income 14.76%
ROA – Before Tax ROE – Tier 1 5,515
(IDR Bn)
(%) (%)
3,712 4,160
Calculated by total of fee-based 3,079 3,062
income / operating income
2.49% 16.88% 17.77%
2.35% 16.84%
1.98% 13.71%
1.61% 11.19% Pre- 2021 2022 2023 2024
1.38% Merger
Cost to Income Ratio 53.74% 52.57% 51.01% 49.86% 50.89%
Although on a declining trend,
this is still not ideal, indicating
Pre- 2021 2022 2023 2024 Pre- 2021 2022 2023 2024 there is room for improvement
Merger Merger
Pre- 2021 2022 2023 2024
Merger
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 19
Page 20
Consumer Segment Remain the Focus for Financing Growth
∆ Growth
(IDR Bn) 2021 2022 2023 Mar-24 Jun-24 Sep-24 Dec-24 ∆ Growth YoY Composition
QoQ
Consumer 89,461 112,875 130,547 135,010 139,575 145,736 151,883 4.2% 16.3% 54.5%
Mortgage 42,022 48,070 52,517 53,246 54,343 55,517 56,834 2.4% 8.2% 20.4%
Automotive 1,917 2,761 4,186 4,583 4,800 5,053 5,387 6.6% 28.7% 1.9%
1 Payroll Based Financing 30,141 42,732 51,336 53,336 55,369 57,788 59,984 3.8% 16.9% 21.5%
Pension 10,406 12,837 14,626 15,081 15,361 15,751 16,051 1.9% 9.7% 5.8%
2 Gold Business 4,582 5,930 7,198 7,875 8,968 10,858 12,825 18.1% 78.2% 4.6%
Gold Installment 884 1,644 2,308 2,744 3,558 5,000 6,404 28.1% 177.5% 2.3%
Gold Pawning 3,697 4,287 4,890 5,131 5,410 5,858 6,422 9.6% 31.3% 2.3%
Card 393 545 684 709 734 769 802 4.3% 17.3% 0.3%
Wholesale 49,380 57,197 67,511 68,748 72,775 74,319 77,218 3.9% 14.4% 27.7%
Corporate 38,700 45,578 52,714 55,255 58,856 58,239 58,720 0.8% 11.4% 21.1%
Commercial 10,680 11,619 14,797 13,493 13,919 16,080 18,498 15.0% 25.0% 6.6%
SME – Micro 32,452 37,632 42,258 43,405 45,038 47,013 49,381 5.0% 16.9% 17.7%
SME 18,331 18,892 19,346 19,687 20,102 20,452 21,635 5.8% 11.8% 7.8%
Micro 14,121 18,740 22,912 23,718 24,936 26,560 27,746 4.5% 21.1% 10.0%
Subsidized (KUR) 9,083 15,944 20,978 21,827 23,019 24,556 25,685 4.6% 22.4% 9.2%
Non-Subsidized (Non-KUR) 5,038 2,796 1,935 1,891 1,917 2,005 2,060 2.7% 6.5% 0.7%
Total Financing 171,291 207,705 240,316 247,163 257,388 267,067 278,481 4.3% 15.9% 100.0%
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 20
Page 21
Gold Business Becoming More Promising
A prospective business with a 78.2% y-o-y growth and more Next, leverage the customer base across segments, starting with payroll customers …
balanced product …
YoY
4.58% 5.16% 5.72%
Gold Pawning (IDR Bn) 12,825 78.2% Product 2.65%
Gold Installment (IDR Bn) penetration - Payroll
2.31%
177.5% Product 1.88% 2.08%
1.82%
7,198 penetration - All
5,931 6,404
4,581 2,308 487,425
1,644 385,406 437,148
Gold Business 351,574
884 Customer Base
31.3%
3,697 4,287 4,890 6,422
1Q24 2Q24 3Q24 4Q24
2021 2022 2023 2024
… reflected in progressive disbursements (accumulated quarterly) … to consistently deliver high return with low-risk asset
(IDR Bn)
YoY growth 16.3% 21.1% 15.4% 26.2%
Gold Installment Gold Pawning
Gold Business
930
Blended Yield
5,989 737
5,555
2,351
2,631 4,633
5,069
591
639 13.46%
1,497
FBI Gold Business Blended CoC
1,013
(IDR Bn)
0.06%
1Q24 2Q24 3Q24 4Q24 1Q24 2Q24 3Q24 4Q24
2021 2022 2023 2024
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 21
Page 22
Widening Presence with Increasing Gold Loan Business
Business Demography Average Financing / No. of Customer
Gold Pawning Gold Installment Gold Pawning Gold Installment
9.37% 8.80%
(IDR Mn) (IDR Mn)
19.90% Java 21.80 22.58
47.42% 31.68% 19.83
52.60% Sulawesi 19.36 19.42 19.58 18.28
Sumatera
14.92
23.31% Kalimantan
6.91%
Sumatera Java Kalimantan Sulawesi
351 Branches 548 Branches 69 Branches 71 Branches
2021 2022 2023 2024 2021 2022 2023 2024
Note: Java include Bali (9) & Nusa Tenggara (19)
Customer Profile
Gold Pawning (IDR Bn) Gold Installment (IDR Bn)
11.65% <35 1,141 11.37% 7.05% <35 1,156
9.77% 35-44 1,633 35-44 1,838
39.40% Employee Employee
Enterprenuer 45-54 1,480 25.78% Enterprenuer 45-54 1,771
Others* Others*
Housewife 55-64 625 Housewife 55-64 849
55.80%
65+ 119 65+ 241
39.18%
Note: Others including informal jobs such as helpers, religious scholar, farmers, fisherman, artist, driver, and etc.
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 22
Page 23
Digital Offerings and Product Enhancements Under the Bullion Bank License
Current Gold Business Model Product Enhancement Seamless integration on our Mobile
under Bullion scheme Banking to gain more traction
Gold Provider 1
Cust take the
gold product
NII
Customer - Payment
Gold Installment Settlement
2
Safekeeping
on BSI
Gold Pawning Gold Installment
6.19%
2.07%
(OS - IDR Bn)
FBI 3
Customer - Payment 1,315
Sold to BSI
Pawning Settlement
4.18%
2.48%
349 313
4 60
Saving on BSI
2023 2024 2023 2024
Online Gold Financing / Total Disbursement
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 23
Page 24
Liquidity Remains a Challenge in the Industry
SRBI, SVBI, SUVBI Issuance in the market has absorbed the most liquidity in While the min. Reserve Requirement (RR) has not change yet, there is sign of
the market … relaxation from the last auction of government bond
RR Conventional Banks RR Shariah Bank
SRBI (IDR Tn) SVBI & SUVBI (USD Mn)
9.0% 9.0% 9.0%
2,709 2,853 734 8.0%
7.5%
811
6.5% 6.5% 6.5%
951 1024 7.5% 7.5% 7.5%
5.5%
1,690
1,154 7508 3.5% 3.5%
6741
5797 5799 4.0% 4.0% 4.0% 4.0% 4.0% 4.0%
3.5% 3.5%
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
1Q24 2Q24 3Q24 4Q24 1Q24 2Q24 3Q24 4Q24
Taking advantage of customer growth and leveraging our scale has helped us
SVBI SUVBI
outpace industry growth
… offering attractive rate as compared to banking offering Third Party Funds No. of Customers (In Mn)
YoY Growth BSI YoY Growth LDR
7.30% 17.8 19.7 21.1
15.9
7.18% 73.4% 79.4% 81.7% 85.0%
7.00%
12.2% 12.1% 12.4% 2021 2022 2023 2024
11.1% 11.5%
6.00% 9.0%
7.0%* No. of Branches
5.74%
5.68% 3.7% 1,244
1,101 1,039 1,039
Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 2021 2022 2023 2024
BI Rate Indo 10Y SRBI 6M *Data industry as of Sep-24 2021 2022 2023 2024
SRBI 12M Time Deposit 6M Time Deposit 12M Source : Financial Service Authority (OJK)
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 24
Page 25
CASA Expansion will be One of the Key Areas of Focus
Sustaining CASA franchise with focus on … with Wadiah becoming the preferred product offered …
expanding Wadiah saving account
(IDR Bn) 2021 2022 2023 2024 Growth YoY (%)
327,454
293,775 Current Accounts 34,372 44,521 53,201 56,336 5.89%
261,491
233,252 39.88% a. Wadiah 22,412 21,798 20,848 19,147 (8.16%)
39.43%
38.43% b. Mudharabah 13,281 22,723 32,354 37,189 14.94%
42.09%
17.20%
17.03% 18.11%
14.74% Saving Accounts 100,696 116,484 124,726 140,534 12.67%
44.55% 42.46% 42.92%
43.17% a. Wadiah 36,157 44,214 47,026 55,280 17.55%
b. Mudharabah 64,538 72,270 77,700 85,254 9.72%
2021 2022 2023 2024
Total Wadiah 57,248 66,012 67,874 74,427 9.65%
Time Deposit (TD) Current Account (CA) Saving Account (SA)
… coming from sticky and niche of Wadiah saving account Now hold the largest Wadiah saving
(IDR Bn) balance in Indonesia
26.51% YoY Wadiah
35.61% YoY
7.25% Saving Balance in
+12.67% the Market
+7.08% 31.98% YoY 2.93% 2.41%
+15.68%
140,534 4.28% 8.05% IDR87.93 Tn
116,484 124,726 6.51%
100,695
Retail Funding
Payroll Funding
Hajj Funding
37.96% 37.70% 39.34%
35.91% Others 82.29%
2021 2022 2023 2024 86.29% BSI
SA Wadiah (IDR Bn) SA Mudharabah (IDR Bn) SA Growth YoY 19.42% YoY
Source : Internal data Dec-24 and Bank Financial Report Nov-24
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 25
Page 26
Unlocking Opportunities for the Hajj Savings Account
Hajj saving account as differentiation of Sharia Bank Pursuing untapped customer to acquire more Hajj customer Approx. 53% of new national
243 Hajj savings account
21 contributions are from BSI
4.38 4.62 4.97 5.60
10.9 11.8
(52.9%) Having 47.46%
2.31 2.60 (57.3%)
Hajj Saving
Account
+70.07%
50,135 9.7 8.8 Not Having
(47.1%) (42.7%) Hajj Saving 52.54%
Account
221
BSI
2023 2024
Other Banks
+49.77% Unable to perform Hajj (in Mn) Able to perform Hajj (in Mn)
29,479 Source : Internal estimate
+40.56% The funding for the Hajj business is increasing, with a focus on payroll customers as a key driver of
growth
19,683
Mudharabah Wadiah YoY CIF Hajj in Payroll Payroll
14,003
Growth Customer (in ‘000) Penetration
(IDR Bn)
14,500 15.57%
500
18.6%
13,356 16.3%
20. 00%
450
15.4%
12,546
400
13.8% 14.1%
12,474 13.45% 350
12,880
15. 00%
11,353 11,676 11,231 11,952 300
244.5
2021 2022 2023 2024 250
180.8 202.9
200
149.2 169.4 10. 00%
Number of Avg. Balance Avg. Monthly Acquisition 10,566 150
1,620 35.79% 100
5.0 0%
Accounts (Mn) (IDR Mn) (NoA) 1,193 1,110 1,243 1,404 50
0 0.0 0%
4Q23 1Q24 2Q24 3Q24 4Q24 4Q23 1Q24 2Q24 3Q24 4Q24
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 26
Page 27
Enhancing Infrastructure to Support Business Growth and Expansion
A defined aspiration to align more closely with top player in Indonesia Positioned strategically to elevate brand visibility
ATM CRM
ATM EDC User
Branch Agent 2,756
& CRM & QRIS Register More touchpoints with
customers … 1,863 2,669
2,948 16,733 3,554,717 335K 28.35 Mn
100% 100% 100% 100% 100%
708
90% 90% 90% 90% 90%
2023 2024 2023 2024
80% 80% 80% 80% 80%
70% 70% 70% 70% 70%
60% 60% 60% 60% 60%
57% 26%
50% 50% 50% 50% 50% … strategically located to
40% 1,039 40% 40% 40% 40%
increase visibility …
119K
5,425
30% 30% 30% 30% 30% 7.99 Mn In Branch 43% 74%
20% 20% 20% 20% 20% Out Branch 2023 2024
462K
10% 10% 10% 10% 10%
5,425
0% 0% 0% 0% 0%
54.5%
… and leaning into 2,571
the central business Java 43.9%
area Non-Java 45.5%
56.1%
2023 2024
Source : Internal estimate, average top 4 banks as of Dec-24
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 27
Page 28
More Capital Investment Will Provide Better Support Business Initiatives and Improvements
Build up the infrastructure to keep pace with rapid More than double the amount of capex has been allocated to support the initiatives
business growth
(IDR Bn) 3,754
20.50 21.00 21.11 523
19.65 20.00
17.78
Growing the
customer base (Mn) … 14.41
1,680 1,607
2021 2022 2023 1Q24 2Q24 3Q24 4Q24 3,231
482
1,410 933
547.70 574 578
1,125
… and number of 376.41 387.60
266.43 270
transaction 247.32
124.53 118.28 2022 2023 2024
(Mn Transaction)
Capex IT Capex Non-IT Opex IT
2021 2022 2023 1Q24 2Q24 3Q24 4Q24
Gradual improvement as reflected on channels availability
98.20% 98.74%
97.30% 97.50%
92.70% 93.30% 92.40%
Investment Cost ATM Super Apps Agent Banking Data Center
88.30%
Merchant QRIS Merchant EDC Cash Mgmt Branches
1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 28
Page 29
The Gradual Expansion of Fee Income Aims to Partially Offset Costs
Fee-based composition of total revenue has gradually increased since the merger, Subsequently, we aim to cover costs partially with the fees earned
reaching approximately 24% as of December 2024
(IDR Bn)
(IDR Bn) 2021 2022 2023 2024 YoY
22,835
Pawning 590 639 737 930 26.16%
20,335
19,280
Treasury 131 203 397 754 89.93%
16,243
E-Channel 547 663 587 734 24.88%
Bancassurance 22 30 31 383 1,146.10%
Card Business 173 225 253 277 9.37%
47.29%
Collection 763 1,014 1,092 1,291 18.26%
41.10%
Others* 837 939 1,062 1,147 7.97%
37.56%
36.10%
Total 3,062 3,712 4,160 5,515 32.58%
8,483 9,884 10,121 11,663
Contribution to Total Revenue 18.85% 19.25% 20.46% 24.15% 2021 2022 2023 2024
Overhead Cost Total Revenue FBI/Overhead Cost
* Others (Operation fee, financing fee, trade service fee, value chain, syndicated financing, CMS and others)
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 29
Page 30
Expansion of Customer Transactions and Market-making Initiatives on Treasury
FBI has improved significantly during the last quarter… … restructure the portfolio with controlled and measurable risks …
(IDR Bn) (IDR Tn)
754.00 69.37
696.70
59.09
53.92
49.05%
41.15% 41.90
40.66
455.20 57.09%
397.10
57.45% 56.46%
50.95% 58.85%
221.20
42.91% FVOCI + FVTPL
42.55% 43.54%
AC
Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24
Secondary Sukuk Trading Value Syariah Money Market Sukuk Trading
(Priority client) (PUAS) Transaction Value Value
(IDR Tn) (IDR Tn)
+154.10%
+34.86% +79.63%
10,474
… from 3 main
area of 101.78 78.44
+236.73% 4,122
transactions 75.47 43.67
33.00
9.80
Average Daily Volume NoA
(IDR Bn)
Dec-23 Dec-24
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 30
Page 31
Section 4 Financing Profile and Quality
Page 32
Prudent Business Practice Continue to Lower Financing Cost from Pre-merger Portfolio …
The new booking acceleration over the past 4 years … … has brought down bank wide NPF to new level
6.50%
(IDR Tn) 5.63%
171.29 207.70 240.32 278.48 5.24%
4.34%
2.42% 2.08% 1.90%
2.93%
0.85%
0.56%
33.23% 0.27%
0.10%
56.76% 2021 2022 2023 2024
70.06% Legacy (%) Onward (%) Bankwide (%)
81.55%
CoC, which is also at the lowest level since the merger
2.36%
1.97%
66.77%
194.28% 195.01%
180.10% 1.14%
43.24%
0.83%
29.94% 146.42%
18.45%
2021 2022 2023 2024
2021 2022 2023 2024 CoC (%) Cash Coverage (%)
Total Outstanding Legacy Onward
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 32
Page 33
… and the Financing at Risk
Covid Restructured portfolio improved from IDR7,550 Bn (34.37% of FAR) in 2023 to IDR4,142 Bn
% FAR (Bank wide, Covid & Non-Covid)
(20.52% of FAR) in 2024
17.69%
(IDR Bn) 30,305 25,862 21,970 20,186
12.45%
10.75%
9.14%
7.09% 7.25%
5.49%
6.94% 5.47%
5.36%
3.66% 1.78%
16,460
12,448 2021 2022 2023 2024
7,027 3,986
%FAR Bankwide (include Covid) %FAR Covid %FAR Non Covid
5,923
5,027
% FAR Wholesale, Retail & Consumer
5,774 5,184
523 155
24.43%
835 841 4,843
4,406
2,214 2,364 19.02%
23.34%
16.78%
14.18%
5,022 5,025 4,987 5,279 15.81%
7.17%
11.13% 10.96%
2021 2022 2023 2024 7.57%
4.60% 3.75%
Total FAR NPF SMF Covid Non-Covid Covid 2021 2022 2023 2024
Restructured Restructured Restructured
Coll 1 Coll 1 %FAR Wholesale %FAR SME-Micro %FAR Consumer
SMF
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 33
Page 34
An Improved Cost of Credit Across Business Segments
Portfolio Loan Mix by Segment (% of loan) CoC Breakdown by Segment
Segments 2022 2023 2024 3.88%
Wholesale 27.54% 28.09% 27.73%
Corporate 22.21% 22.70% 21.09% 1.72%
1.19% 1.18%
Wholesale 0.60% 0.47%
0.80%
Commercial 5.32% 5.40% 6.64% 0.49% 0.40%
SME-Micro 18.12% 17.58% 17.73% 2022 2023 2024
SME 9.10% 8.05% 7.77% Wholesale Corporate Commercial
Micro 9.02% 9.53% 9.96% 9.29%
Subsidized (KUR) 7.68% 8.73% 9.22%
5.58%
1.93%
Non-Subsidized (Non-KUR) 1.35% 0.81% 0.74% 2.93%
3.62% 2.32%
2.64% 2.74% 2.33%
Consumer 54.34% 54.32% 54.54% SME-Micro 1.15% 1.51%
0.47%
Mortgage 23.14% 21.85% 20.41% 2022 2023 2024
Automotive 1.33% 1.74% 1.93% SME-Micro SME Micro (KUR) Micro (Non-KUR)
Payroll Based Financing 20.57% 21.36% 21.54% 4.18% 7.03% 5.35%
Pension 6.18% 6.09% 5.76% 1.89% 1.37% 1.13% 2.49%
1.58%
1.22% 0.76% 0.95% 0.70%
Gold Installment 0.79% 0.96% 2.31% 1.02%
0.37% 0.36% 0.39%
Consumer 0.19% 0.93%
Gold Pawning 2.06% 2.03% 2.30% 0.07% 0.85% 0.09%
0.00% 0.00% 0.03%
Card 0.26% 0.28% 0.29% 2022 2023 2024
Total Financing 100.00% 100.00% 100.00% Consumer Automotive Pension Gold Pawning
Mortgage Payroll Based Financing Gold Installment Card
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 34
Page 35
Section 4 Financial Guidelines
Page 36
FY25 – Financial Guidelines
Financing Cost of Net Interest
Growth Credit Margin
2023 2024 2023 2024 2023 2024
15.70% 15.88% 1.14% 0.83% 5.82% 5.63%
2025F 14.00% - 16.00% 2025F <1.00% 2025F 5.50% - 5.90%
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 36
Page 37
Analyst Coverage
Company Name Recommendation Analyst Email
Bahana Sekuritas BUY Satria Sambijantoro / Evelyn Vidya Paramita satria@bahana.co.id / evelyn.vidya@bahana.co.id
BNI Sekuritas BUY Yulinda Hartanto / Ilham Firdaus yulinda.hartanto@bnisekuritas.co.id / ilham.firdaus.co.id
BRI Danareksa Sekuritas HOLD Victor Stefano / Naura Reyhan Muchlis victor.stefano@brids.co.id / naura.muchlis@brids.co.id
Buana Capital BUY James Widjaja James.Widjaja@buanacapital.co
Ciptadana Sekuritas Asia BUY Erni Marsella Siahaan siahaanerni@ciptadana.com
CGS International Sekuritas BUY Handy Noverdanius / Utami Ratnasari handy.noverdanius@cgsi.com / utami.ratnasari@cgsi.com
INA Sekuritas BUY Arief Machrus arief.machrus@inasekuritas.com
Indo Premier Sekuritas BUY Jovent Muliadi / Anthony jovent.muliadi@ipc.co.id / anthony@ipc.co.id
KB Valbury Sekuritas BUY Akhmad Nurcahyadi akhmad.nurcahyadi@kbvalbury.com
Mandiri Sekuritas BUY Kresna Hutabarat / Boby Chandra kresna.hutabarat@mandirisek.co.id / boby.chandra@mandirisek.co.id
Macquarie Capital Securities OUTPERFORM Jayden Vantarakis jayden.vantarakis@macquarie.com
Maybank Sekuritas Indonesia BUY Jeffrosenberg Chenlim / Faiq Asad jeffrosenberg.lim@maybank.com / faiq.asad@maybank.com
MNC Sekuritas BUY Victoria Venny victoria.nawang@mncgroup.com
Nomura Verdhana Sekuritas BUY Raymond Kosasih / Nicholas Santoso raymond.kosasih@verdhanaindonesia.id / nicholas.santoso@verdhanaindonesia.id
RHB Sekuritas BUY Andrey Wijaya / David Chong andrey.wijaya@rhbgroup.com / david.chongvc@rhbgroup.com
Samuel Sekuritas BUY Brandon Boedhiman / Prasetya Gunadi brandhon.boedhiman@samuel.co.id / prasetya.gunadi@samuel.co.id
Sinarmas Sekuritas BUY Ivan Purnama Putera ivan.purnama.putera@sinarmassekuritas.co.id
Sucor Sekuritas BUY Edward Lowis / Yoga Ahmad Gifari edward.lowis@sucorsekuritas.com / yoga.gifari@sucorsekuritas.com
Trimegah Sekuritas BUY Jonathan Gunawan jonathan.gunawan@trimegah.com
UBS Sekuritas BUY Joshua Tanja / Ivan Reynaldo Sutheja joshua.tanja@ubs.com / ivan-reynaldo.sutheja@ubs.com
UOB Kayhian BUY Posmarito Pakpahan posmarito@uobkayhian.com
Yuanta Sekuritas BUY Yap Swie Cu swiecu@yuanta.co.id
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 37
Page 38
2024 – BRIS Highlights
Aligned with higher trading volume, share price has gradually increased and marked as on the highest return in 2024 vs Top 4 bank
Shareholder
structure 80.26 125.93
Market Cap 73.21 59.51
1 Golden Share 51.47% 23.24% 15.38% 9.92%
(IDR Tn)
2,730
(Mn Shares) (IDR / Share) Share Price 1,736 1,740
1,290
900.00 4,000
All Time High 80.42
TTM Average
After Merger
800.00 3,500 Trading Vol. 31.45 39.34
3,160 (Mn) 16.61
700.00 2,850 3,000
2021 2022 2023 2024
600.00
2,500
500.00 Shifting towards more institutional backed investor to create a more stable price
1,715 1,810 2,000 movement
1,595 Growth YoY
400.00 + 56.90%
1,500 2021 2022 2023 2024
300.00
1,000
Institution 45.30% 60.10% 70.44% 80.20%
200.00
Domestic 88.18% 62.57% 56.33% 42.00%
100.00 500
Foreign 11.82% 37.44% 43.67% 58.00%
- -
Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Retail 54.70% 39.90% 29.56% 19.80%
Transaction Volume (LHS) Share Price (RHS)
Source: Company data, Bloomberg Source : Bloomberg as of Dec-2024
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 38
Page 39
Appendices Financial Update
Page 40
Financial Highlight
(IDR Bn) 2021 2022 3Q24 4Q24 QoQ (%) 2023 2024 YoY (%)
Asset 265,289 305,727 370,722 408,613 10.2% 353,624 408,613 15.6%
Financing 171,291 207,705 267,067 278,481 4.3% 240,316 278,481 15.9%
Third Party Funds 233,251 261,491 301,221 327,454 8.7% 293,776 327,454 11.5%
a. Current Accounts 34,372 44,521 55,642 56,336 1.2% 53,201 56,336 5.9%
Balance Sheet b. Savings Accounts 100,696 116,484 130,185 140,534 7.9% 124,726 140,534 12.7%
c. Time Deposits 98,184 100,486 115,394 130,584 13.2% 115,848 130,584 12.7%
CASA (a+b) 135,068 161,005 185,827 196,870 5.9% 177,928 196,870 10.6%
% CASA 57.91% 61.57% 61.69% 60.12% (1.6%) 60.57% 60.12% (0.5%)
Equity 25,014 33,506 43,491 45,042 3.6% 38,739 45,042 16.3%
Margin Income 17,679 19,612 6,332 6,802 7.4% 22,169 25,216 13.8%
Profit Sharing Expense 4,499 4,043 1,979 2,056 3.9% 5,995 7,896 31.7%
Net Margin Income 13,180 15,569 4,353 4,747 9.1% 16,175 17,321 7.1%
Fee Based Income 3062 3,712 1,454 1,576 8.4% 4,160 5,515 32.6%
Operating Income 16,243 19,280 5,841 6,323 8.3% 20,335 22,835 12.3%
Overhead Cost 8,483 9,884 2,920 3,669 25.7% 10,121 11,663 15.2%
Profit & Loss
Personnel Expense 4,409 4,847 1,297 1,563 20.5% 4,944 5,141 4.0%
G&A Expense 3,796 4,520 1,390 1,709 22.9% 4,471 5,578 24.8%
Promotion Expense 278 517 234 396 69.2% 706 944 33.7%
PPOP 7,759 9,396 2,887 2,653 (8.1%) 10,214 11,172 9.4%
Provisions 3639 3749 617 148 (76.0%) 2,622 1,894 (27.8%)
Profit After Tax 3,028 4,260 1,713 1,899 10.9% 5,704 7,006 22.8%
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 40
Page 41
Fee Based Income
% Composition
(IDR Bn) 2021 2022 2023 2024 YoY
to Total FBI
Pawning 590 639 737 930 26.16% 16.86%
Treasury 131 203 397 754 89.93% 13.67%
E-Channel 547 663 587 734 24.88% 13.31%
Bancassurance 22 30 31 383 1,146.10% 6.94%
Card Business 173 225 253 277 9.37% 5.02%
Collection 763 1,014 1,092 1,291 18.26% 20.79%
Others* 837 939 1,062 1,147 7.97% 23.40%
Total 3,062 3,712 4,160 5,515 32.58%
Others (Operation fee, financing fee, trade service fee, value chain, syndicated financing, CMS and others)
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 41
Page 42
Key Ratio
Key Ratio 2021 2022 2023 2024
ROA – Before Tax 1.61% 1.98% 2.35% 2.49%
ROE – Tier 1 13.71% 16.84% 16.88% 17.77%
NI 6.04% 6.31% 5.82% 5.66%
Profitability BO/PO 80.46% 75.88% 71.27% 69.93%
&
Efficiency CIR 52.57% 51.01% 49.86% 50.89%
Fee Based Ratio* 14.76% 15.91% 15.80% 17.95%
Yield of Financing 9.57% 9.15% 8.94% 8.95%
Cost of Fund 2.03% 1.62% 2.13% 2.49%
NPF Gross 2.93% 2.42% 2.08% 1.90%
NPF Net 0.87% 0.57% 0.55% 0.50%
Asset NPF Coverage 148.87% 183.12% 194.35% 195.01%
Quality FAR 17.69% 12.45% 9.15% 7.25%
FAR Coverage 24.67% 35.57% 44.10% 50.99%
CoC 2.36% 1.97% 1.14% 0.83%
CAR 22.09% 20.29% 21.04% 21.40%
Tier 1 CAR 18.29% 19.14% 19.93% 20.41%
Capital &
FDR 73.39% 79.37% 81.73% 84.97%
Liquidity
LCR 199.95% 173.88% 147.87% 145.62%
NSFR 139.46% 138.47% 132.71% 122.50%
*) Fee Based Income Ratio = Fee Based Income / Operational Income
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 42
Page 43
Asset Quality Trend
Write off & Recovery Gross NPF Formation
(IDR Tn) 96.14% 2022 2023 2024
69.10% Wholesale 3.75% 2.84% 2.25%
63.04% Corporate 3.71% 2.89% 2.24%
Commercial 3.37% 2.68% 2.28%
2.64 SME-Micro 3.71% 3.02% 2.89%
2.42 2.33 2.24 SME 4.57% 4.08% 3.87%
1.53 1.75
Micro 2.84% 2.13% 2.12%
Consumer, Gold & Card 1.35% 1.37% 1.39%
Consumer 1.42% 1.44% 1.51%
Gold Business 0.05% 0.07% 0.02%
2022 2023 2024 Card 2.45% 3.16% 3.26%
Write Off Recovery Recovery Rate (%) Total 2.42% 2.08% 1.90%
NPF By Segment NPF Movement
(IDR Tn) NPF Movement (IDR Bn) 2022 2023 2024
5.02 2024 NPF (%) Wholesale
4.99 5.28
Beginning Balance 2,384 2,103 1,920
Corporate 2.24
1.52 1.79 2.12 (+) Net Downgrade (Upgrade) (43) (29) (115)
Commercial 2.28 (-) Write-Offs 239 155 68
0.53
0.49 0.59 (+) Others - - -
0.86 SME 3.87
0.79 0.84 Ending Balance 2,103 1,920 1,737
0.39 0.40 0.42 Micro 2.12 Retail
1.71 1.52 Beginning Balance 2,637 2,922 3,067
1.32 Consumer, Gold & Card 1.39
(+) Net Downgrade (Upgrade) 2,465 2,622 2,640
2022 2023 2024 Total 1.90% (-) Write-Offs 2,188 2,485 2,266
(+) Others 6 8 100
Corporate Commercial SME Micro Consumer
Ending Balance 2,922 3,067 3,541
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 43
Page 44
Optimizing Asset Mix
Treasury Book
67.96% 68.12% (% of asset)
Shifting towards more
productive assets
with ample level of
liquidity…
20.23%
15.87%
9.76% 12.58%
1.49% 1.98% 0.56% 1.45%
Financing Marketable Securities Placement at Cash Others
BI & Interbank
2023 2024
Maturity Profile 2023 2024
(IDR Tn) 18.88 … Switching 37.29%
49.06%
Excess
- to FVOCI +
liquidity is
FVTPL (AFS)
placed in 10.85
0.59 8.52 to obtain
risk free
0.05 18.88 better FBI
assets … 10.26 8.47
50.94%
62.71%
2025 2026 ≥2027
FVOCI + FVTPL AC
Gov Sukuk Corporate Sukuk
Data as of 30 Sep-24
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 44
Page 45
Intensify Wadiah As Our Backbone in Funding
Growth YoY CIF on Wadiah still growing…
(IDR Bn) 2021 2022 2023 2024
(%)
61.30% 69.35% 69.31% 72.28%
Third Party Funds 233,251 261,491 293,776 327,454 11.46%
21.11
(Mn) 19.65
a. Current Accounts 34,372 44,521 53,201 56,336 5.89% 17.78
16.46
15.26
13.62
b. Saving Accounts 100,696 116,484 124,726 140,534 12.67% 11.80
10.04
c. Time Deposits 98,184 100,486 115,848 130,584 12.72%
CASA (a+b) 135,068 161,005 177,928 196,870 10.65%
2021 2022 2023 2024
% CASA 57.91% 61.57% 60.57% 60.12% (0.44%) Customer Based CIF Wadiah Wadiah Composition
…providing enough support towards cheaper funding franchise
Current Accounts 34,372 44,521 53,201 56,336 5.89%
26.92%
17.78% 17.55%
a. Wadiah 22,412 21,798 20,848 19,147 (8.16%) 6.36%
b. Mudharabah 13,281 22,723 32,354 37,189 14.94%
140,534
116,484 124,726
99,375
Saving Accounts 100,696 116,484 124,726 140,534 12.67%
a. Wadiah 36,157 44,214 47,026 55,280 17.55% 36,157 44,214 47,026 55,280
2021 2022 2023 2024
b. Mudharabah 64,538 72,270 77,700 85,254 9.72%
Wadiah (IDR Bn) Savings Account (IDR Bn) YoY
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 45
Page 46
Managing Funding Cost Effectively to Support Asset Growth
BSI still have advantage on managing cost compared to its peers … … relying on CASA with institutional deposit as the buffer during the liquidity tightening as
assurance to support the robust asset growth
2024
84.97%
81.73%
FDR 79.37%
2.00% 2.20% 2.40% 2.60% 2.80% 3.00%
2.49%
2.13%
2.02% 2.13% 2.48%
COF 1.62%
Bank
Syariah
Indonesia
(IDR Tn) 261.49 293.78 327.45
2.05% 2.50% 2.57%
23.56% 26.39% 23.48%
2.87% 3.03% 3.40%
Average 14.87% 16.40%
13.05%
Top 10
Banks
2.95% 3.35%
61.57% 60.57% 60.12%
Cost of Fund Cost of Fund Cost of Fund
Jun-23 Dec-23 Jun-24
Cost of Fund Cost of Fund Cost of Fund
Sep-23 Mar-24 Sep-24 2022 2023 2024
Cost of Fund Third Party Fund CASA Retail Deposit Insitutional Deposit
Source: Internal Data, Financial Report
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 46
Page 47
Ample Equity Base
Capital Adequacy Ratio (%)*
Significant CAR level increased 21.04% 21.40%
20.29%
post IDR 5 Tn right issue in
18.29%
December 2022
Tier 1 & Tier 2 Capital
1.12% 1.10%
1.15%
More than sufficient to 1.42%
support financing
19.14% 19.93% 20.30%
16.87%
2021 2022 2023 2024
CET 1 (Equivalent to Tier 1 Capital) Tier 2 Capital
RWA (IDR Tn)
Insolvency risk cushioning 113.75 163.16 181.11 205.34
with RWA enhancement
*) RWA Calculation including operational risk
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 47
Page 48
Positive Outcome in Profitability
PPOP PAT ROE & ROA
(IDR Bn) (IDR Bn)
22.83% ROE – YTD (%)* ROA – YTD (%)**
9.38%
8.70% 11,172
33.89% 7,006
10,214 17.77%
21.09%
9,396 16.88%
16.84%
5,704
40.68%
7759
2.49%
4,260 2.35%
13.71%
3028 1.98%
1.61%
2021 2022 2023 2024 2021 2022 2023 2024 2021 2022 2023 2024
*) ROE – YTD(%) = ROE Tier 1
**) ROA – YTD(%) = ROA before tax
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 48
Page 49
With Relatively Managed NIM …
Financing Yield Cost of Fund / Product
4.96%
Yield Bankwide Yield Per Segment 4.04%
3.66%
2.92%
2.49%
2.13%
2.03% 1.62%
2.08% 2.39%
0.87% 1.22%
0.71% 0.54% 0.41% 0.34%
9.57% 11.13%
2021 2022 2023 2024
9.15% 10.45% 10.43%
8.94% 8.95% 10.29% Cost of Savings Account Cost of Current Account
Cost of Third party-Fund Cost of Time Deposit
10.79%
10.41% NIM (%)
10.00%
6.31%
9.66%
6.04%
5.82%
6.98% 6.87% 6.99%
6.63% 5.66%
2021 2022 2023 2024
2021 2022 2023 2024 Wholesale SME-Micro Consumer
2021 2022 2023 2024
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 49
Page 50
… And Operating Expense
Historical Cost to Income & Cost to Asset Ratio Profitability Per Branch
52.57%
51.01% 50.89%
49.86%
1,244
3.44% 3.55% 1,112
3.21% 3.21% 1,039 1,039
2021 2022 2023 2024
Cost to Income Ratio Cost to Asset Ratio
393.28
Operating Cost Breakdown (IDR Bn)
340.35
(IDR Tn) 11.66
9.88 10.12 274.93
8.48 213.25
5.58
4.52 4.47
3.79
0.52 0.71 0.94
0.28 6.74
5.49
2.43 3.83
4.41 4.85 4.94 5.14
2021 2022 2023 2024
2021 2022 2023 2024
Personnel Expenses Promotion G&A Expenses Net Income / Branch Asset / Branch Number of Branch
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 50
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Cost Management and Productivity Enhancement in Progress
Profitability / Employee & Branch
% 37.50% 38.92% 27.59% 59.25% 43.10% 22.77%
(IDR Bn)
(IDR Tn) to Revenue Growth (YoY) (YoY) (YoY) (YoY) (YoY) (YoY)
19.45 18.58 17.91 17.23 6.74
5.49
4.94 22.30%
Personnel 4.00% 0.41 3.83
Expenses (YoY) 0.32
5.14 20.47% 0.22 2.43
0.16
2021 2022 2023 2024 2021 2022 2023 2024
0.71 3.18% 33.70% Net Income / Employee Net Income / Branch No. Employee (in ‘000)
Promotion (YoY)
0.94 3.76%
CIR vs Competitor
90,0 00
89,477 8,00 0
80,0 00
7,00 0
70,0 00
6,00 0
60,0 00
5,00 0
38,342
50,0 00
4.47 20.17% 24.77% 7,594
4,00 0
G&A 40,0 00
27,150 27,491 25,771
(YoY)
3,00 0
Expenses 5.58 22.19%
30,0 00
17,419
20,0 00
12,710 11,962 2,00 0
6,498 6,604
2,201 1,779 1,00 0
1,257 1,039 404 360
10,0 00
731 208 207
- -
Bank A Bank B Bank C Bank D Bank F Bank G Bank H Bank I Bank J
2023 2024 Branch No. of Employee
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 51
Page 52
IDR Asset Remain Dominance - Low Impact on FX Risk Despite of Currency Volatility
Foreign currency exposure relatively low … … with trend of being naturally hedged for foreign currency exposure
(IDR Tn) (IDR Tn)
70.52%
51.68%
6.54
21.85% 28.35%
4.78
3.88 4.22
23,057
1.83% 1.76% 19,294
2.79% 2.35%
97.21% 98.17% 98.24% 97.65%
7,502
6,778 6,536
4,780
3,877 4,216
2021 2022 2023 2024 2021 2022 2023 2024
Total USD Financing IDR Financing USD Financing FDR USD Third Party Funds USD Financing
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 52
Page 53
Appendices Risk Management & Asset Quality
Page 54
Consumer Finance Remain The Focus
Growth YoY Pre-Merger Yield CoC
(IDR Bn) 2021 2022 2023 2024 ∆ Nominal 2024 2024
(%)
52.23% 54.34% 54.32% 54.54%
Consumer 89,460 112,875 130,547 151,883 21,336 16.34% 48.04%
Mortgage 42,022 48,070 52,517 56,834 4,317 8.22%
Automotive 1,917 2,761 4,186 5,387 1,201 28.69% Consumer 9.66% 0.89%
Payroll Based Financing 30,141 42,732 51,336 59,984 8,648 16.85%
Pension 10,406 12,837 14,626 16,051 1,425 9.74%
Gold Business 4,582 5,930 7,198 12,825 5,627 78.17%
Gold Installment 884 1,644 2,308 6,404 4,096 177.47%
30.69% 28.83% 27.53% 28.09% 27.73%
Gold Pawning 3,697 4,287 4,890 6,422 1,532 31.33%
Wholesale 6.99% 0.49%
Card 393 545 684 802 118 17.25%
Wholesale 49,380 57,197 67,511 77,218 9,707 14.38%
Corporate 38,946 45,578 52,714 58,720 6,006 11.39%
Commercial 10,434 11,619 14,797 18,498 3,701 25.01%
SME-Micro 32,452 37,632 42,258 49,381 7,123 16.86%
21.05% 18.95% 18.12% 17.59% 17.73%
SME 18,331 18,892 19,346 21,635 2,289 11.83% SME – Micro 10.29% 1.15%
Micro 14,121 18,740 22,912 27,746 4,834 21.10%
Subsidized (KUR) 9,083 15,944 20,978 25,685 4,707 22.44%
Non-Subsidized (Non-KUR) 5,038 2,796 1,935 2,060 125 6.46%
2020 2021 2022 2023 2024
Total Financing 171,291 207,705 240,316 278,481 38,165 15.88%
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 54
Page 55
Loan Portfolio Mix – Consumer
2023 2024 ΔYoY
(IDR Bn)
Size SMF NPF Size SMF NPF Size
Mortgage 52,517 2.24% 2.38% 56,834 2.15% 2.13% 8.22%
Automotive 4,186 3.35% 1.03% 5,387 3.14% 2.62% 28.71%
Payroll Based Financing 51,336 0.61% 0.81% 59,984 0.63% 1.11% 16.85%
Pension 14,626 0.19% 0.36% 16,051 0.21% 0.46% 9.74%
Gold Business 7,198 0.04% 0.07% 12,825 0.05% 0.02% 78.18%
a. Gold Pawning 4,890 0.02% 0.10% 6,422 0.02% 0.04% 31.33%
b. Gold Installment 2,308 0.07% 0.00% 6,404 0.09% 0.00% 177.42%
Card 684 3.93% 3.16% 802 3.43% 3.26% 17.12%
Total Consumer 130,547 1.29% 1.37% 151,883 1.21% 1.39% 16.34%
Notes: Current: Collectability 1, SMF: Collectability 2, NPF: Collectability 3,4,& 5
Volume New Booking & Outstanding New Booking Quality
(IDR Tn)
1.97% 1.48% 0.56% 0.98%
36.68 55.21 59.87 52.55
1.47% 1.32% 0.82% 0.83%
New Booking 53.30
Quality 36.99
29.07 96.56% 97.20% 98.62% 98.20%
Comparable
16.22
2021 2022 2023 2024 2021 2022 2023 2024
Outstanding New Booking Current SMF NPF
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 55
Page 56
Customer Profile
Having significant customer in productive age forms a valuable resources … … and getting more tractions from non-muslim customers as the result of
better product and pricing offering
2023 2024
7.21% 65+ 7.74%
12.70% 55-64 12.65%
18.69% 45-54 18.29%
90.99% 90.06% 89.94% 89.91% 90.08% 89.43% 88.90%
21.30% 35-44 20.99%
23.03% 25-34 23.27%
11.41% 18-24 11.23%
9.01% 9.94% 10.06% 10.09% 9.92% 10.57% 11.10%
5.65% 0-17 5.84% Des-22 Mar-23 Jun-23 Sep-23 Dec-23 Jun-24 Dec-24
Muslim Non-Muslim
Source: Internal Data
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 56
Page 57
Loan Portfolio Mix - Wholesale
New booking quality significantly improved as the result of finding the right sector …
New Booking Quality Comparable
2023 2024 ΔYoY
(IDR Bn) Volume New Booking &
Size SMF NPF Size SMF NPF Size
Outstanding
(IDR Tn)
1. Corporate 52,714 4.30% 2.89% 58,720 4.04% 2.24% 11.39%
22.97 39.13 28.77 43.61
2. Commercial 14,797 1.82% 2.68% 18,498 1.08% 2.28% 25.01%
Total Wholesale 67,511 3.75% 2.84% 77,218 3.33% 2.25% 14.38%
30.73
… with top 10 sector aligning as below
2.25 9.39 14.92
Composition
22.70% 15.89% 13.03% 10.95% 10.05% 3.42% 9.60% 7.98% 3.63% 3.26%
To Total
Wholesale (5.72%) 4.26% (0.03%) 0.05% 1.81% 2.51% 0.80% 1.83% 0.40% (0.89%) 2021 2022 2023 2024
YoY YoY YoY YoY YoY YoY YoY YoY YoY YoY Outstanding New Booking
New Loan
New Booking Quality
34.50%
0.00% 0.00% 0.00% 0.00%
26.84% 0.00% 0.00% 0.00% 0.05%
81.34%
Legacy Loan 65.50% 61.35% 53.98% 100.00% 100% 100.00% 99.95%
70.88%
61.69%
73.16% 61.75%
38.65% 76.14% 46.02% 57.86%
18.66% 29.12% 38.31%
23.86% 42.14% 38.25%
2021 2022 2023 2024
Construction Palm Oil* Industry Services Health Telco Others Electricity Mining Trading
Services
Current SMF NPF
Notes: Current: Collectability 1, SMF: Collectability 2, NPF: Collectability 3,4,& 5
*RSPO : 9 Companies, ISPO : 7 Companies
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 57
Page 58
Wholesale – Enhancing Market Penetration Through Strategic Cross-selling Opportunities
Reinforce value chain by creating ecosystem within Balancing the client portfolio between government … as entry point in deepening payroll business for the cross-
the Client’s Master Group and private … selling …
(No of Clients) SOE Wholesale Client
41% 12%
Non Wholesale
145 145 Client
Client 88% *> 500.000
Acquisition potential
Wholesale 1.26 Million Employee’s
from 145 Group
Payroll
of Wholesale
Clients
Private Co
2023 2024 59%
… both from liability and financing
(No of Clients) Financing
(IDR Tn)
Funding
Client 2,696 17.84
Acquisition IDR 41.94 Tn 0.40
Growth of IDR 18.24 Tn
8.01% YoY Growth CIF 63,233
Wholesale
2,291
Wholesale : 33.37 Tn Retail: 8.57 Tn
CIF 2,093 CIF 345,951
2023 2024 Consumer SME-Micro
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 58
Page 59
Financing Segment – SME - Micro
2023 2024 ΔYoY
(IDR Bn)
Size SMF NPF Size SMF NPF Size
1. SME 19,346 1.43% 4.08% 21,635 0.47% 3.87% 11.83%
2. Micro Financing 22,912 1.89% 2.13% 27,746 1.75% 2.12% 21.10%
Subsidized (KUR) 20,978 1.42% 1.29% 25,685 1.57% 1.52% 22.44%
Non-subsidized
(Non-KUR) 1,935 7.01% 11.16% 2,060 3.92% 9.66% 6.51%
Total Retail 42,258 1.68% 3.02% 49,381 1.19% 2.89% 16.86%
Volume New Booking & Outstanding New Booking Quality
(IDR Tn)
4.92% 3.39% 1.03% 1.55%
13.54 19.48 21.15 23.15
New Booking 2.74% 2.82% 1.16% 1.13%
Quality 23.15
Comparable 15.14 92.33% 94% 97.80% 97%
3.06 8.60
2021 2022 2023 2024 2021 2022 2023 2024
Outstanding New Booking Current SMF NPF
Notes: Current: Collectability 1, SMF: Collectability 2, NPF: Collectability 3,4,& 5
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 59
Page 60
Prudent Business Practice Continue to Lower Financing Cost from Pre-merger Portfolio …
The new booking acceleration over the past 4 years … … has brought down bank wide NPF to new level
6.50%
(IDR Tn) 5.63%
171.29 207.70 240.32 278.48 5.24%
4.34%
2.42% 2.08% 1.90%
2.93%
0.85%
0.56%
33.23% 0.27%
0.10%
56.76% 2021 2022 2023 2024
70.06% Legacy (%) Onward (%) Bankwide (%)
81.55%
CoC, which is also at the lowest level since the merger
2.36%
1.97%
66.77%
194.28% 195.01%
1.14%
43.24% 180.10%
0.83%
29.94% 146.42%
18.45%
2021 2022 2023 2024
2021 2022 2023 2024 CoC (%) Cash Coverage (%)
Total Outstanding Legacy Onward
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 60
Page 61
… and the Financing at Risk
Covid Restructured portfolio improved from IDR7,550 Bn (34.37% of FAR) in 2023 to IDR4,142 Bn
% FAR (Bank wide, Covid & Non-Covid)
(20.52% of FAR) in 2024
17.69%
(IDR Bn) 30,305 25,862 21,970 20,186
12.46%
10.75%
9.14%
7.09% 7.25%
5.49%
6.94% 5.47%
5.36%
3.66% 1.78%
16,460
12,448 2021 2022 2023 2024
7,027 3,986
%FAR Bankwide (include Covid) %FAR Covid %FAR Non Covid
5,923
5,027
% FAR Wholesale, Retail & Consumer
5,774 5,184
523 155
24.43%
835 841 4,843
4,406
2,210 2,364 19.03%
23.34%
16.78%
14.18%
5,022 5,025 4,987 5,279 15.81%
7.17%
11.13% 10.96%
2021 2022 2023 2024 7.57%
4.60% 3.75%
Total FAR NPF SMF Covid Non-Covid Covid 2021 2022 2023 2024
Restructured Restructured Restructured
Coll 1 Coll 1 %FAR Wholesale %FAR SME-Micro %FAR Consumer
SMF
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 61
Page 62
Applying Provision Accordingly Based on Collectability
Outstanding / Provision 19.21% 14.60% (27.15%) 26.38% (15.97%) 15.88%
(YoY) (YoY) (YoY) (YoY) (YoY) (YoY)
(IDR Tn)
153.85
Composition
<1% 63.66%
>1% sd 5% 30.47%
Total Outstanding >5% sd 15% 1.96% 76.02
IDR 278.48 Tn >15% sd 50% 1.36%
>50% sd 99% 1.01%
100% 1.27%
5.46 3.80 2.81 3.53
Composition
<1% >1% to 5% >5% to 15% >15% to 50% >50% to 99% 100%
Source : Internal data, Dec-24
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 62
Page 63
Appendices Islamic Ecosystem
Page 64
Develop An Islamic Ecosystem as the Total Solution
Zakat Corporate & Customer Islamic School Mosque Hajj & Umrah
Number of CIF Potential
Number of CIF Potential
Number of CIF Potential
Number of CIF Potential
80.83% Ecosystem 50.37% Ecosystem 87.95% Ecosystem 7.98% Ecosystem
(YoY) (YoY) (YoY) (YoY)
23 Mn
13.60 Mn
18.15 Mn
7.89 Mn 13.10 Mn
2.9 Mn (in ‘000)
1.87 Mn
7.83 Mn 498,182 4,855
331,305 1,034,276 4,496
57,195 550,303
31,630
2023 2024 2023 2024 2023 2024 2023 2024
Corporate & Customer Zakat Third Party Fund Third Party Fund Third Party Fund
(IDR Bn) Islamic School (IDR Bn) Mosque (IDR Bn) Hajj & Umrah (IDR Bn)
12.19% 56.24% 49.28% 20.61%
(YoY) (YoY) (YoY) (YoY)
8,730
6,977 17,656
1,708 14,638
1,523 5,587 4,674
2023 2024 2023 2024 2023 2024 2023 2024
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 64
Page 65
Progressive Contribution to Indonesia
In 2024, BSI remain the biggest Zakat contributor in Indonesia, a 20% BSI Maslahat as BSI’s vehicle for ZISWAF distribution, focusing on health, Islamic advocation,
increased compared to 2023 humanitarian action, shariah education and Islamic economy
Zakat distribution as Social Aspect to create welfare of the beneficiaries
Corporate & Employee Zakat of BSI in Education Health Social Economy Islamic Program
“Alhamdulillah, this year's 2024 has grown align with higher
corporate zakat from BSI is also the IDR 70 Bn IDR 8 Bn IDR 104 Bn IDR 69 Bn IDR 17 Bn
profitability recorded 43.8 K Number of 16.3 K Number of 1.4 Mn Number of 40.2 K Number of 25.6 K Number of
largest in Indonesia's history.
(IDR Bn) Beneficiaries Beneficiaries Beneficiaries Beneficiaries Beneficiaries
Hopefully, with the increase in BSI's +20.34%
zakat contribution, it will provide
more value for the role of Islamic 268
banks for the people and zakat 223
recipients according to asnaf ” 123
173
BSI provide Mobile Musholla to ease the
94 community to perform prayer worship.
Hery Gunardi
President Director
Bank Syariah Indonesia 2020 2021 2022 2023 2024
Source : Internal data as of Dec-24
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 65
Page 66
Appendices ESG
Page 67
BSI Sustainability Organizational Structure & Governance Structure
Previously ESG was under Corporate Secretary and now it has become a division with direct report to Vice President Director
Director of Compliance & Human Capital
Board Committee / Related board of
Sharia Supervisory Board
Corporate Secretary & Communication Group commissioners committee
Director of Compliance & Human Capital
Board of Director / Related committee of the Board of Directors
Sustainability & Social
ESG Working Group
Sustainability Strategic Plan
& Monitoring ESG Coordinator Unit
Social Program Implementation Program Implementation ESG Contributor Unit
• Business Unit • Enabler Unit
ESG ESG Product & Operations • Support Unit • Regional Office
BSI Sustainability Committee Structure
BOARD OF COMMISSIONER & SHARIA SUPERVISORY BOARD
Board of Commissioners oversees the implementation of ESG to The Sharia Supervisory Board: oversees the policies and activities of the Board
ensure the achievement of sustainability target and initiatives. of Directors to ensure that all products and services adhere to Sharia Principles.
Firm Oversight ESG Contributing Member
BOARD OF DIRECTOR
• Corporate Secretary & • Internal Audit
Board of Directors establishes the direction of BSI’s Sustainability Framework that is align with Indonesian commitment to achieve net zero emission by Communication • Policy & Procedure
2060 • Strategy & Performance • IT
Management • CISO
• Data & Decision • Corporate University
Management • Procurement
SUSTAINABILITY MANAGEMENT COMMITTEE • Corporate Banking • Human Capital
Strategic Alignment Commercial Banking • Small & Middle
ESG Group responsible for establishing the framework, commitment, roadmap and target to achieve the NZE by 2060
• Micro Business Business
• Compliance • Branch
ESG Group (As a Coordinator in BSI) - ESG Contributing Member Operational Execution
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 67
Page 68
ESG Highlights
BANKING OPERATION BEYOND BANKING
Sustainable Financing Green building office launched on 31 May 2024 named
Portfolio is about 23%
of total loan which IDR 66.5 Tn Gedung Landmark BSI Aceh including
IDR 268 bn
consist of: 5 Solar Panel di 70 Unit recycle
Outlet BSI & BSI bottle vending machine Total distribution value of BSI UPZ, Zakat,
Sport Center in Jabodetabke & Bali Infaq, Social Funds, and Waqf as per Dec-24
Green Financing
Portfolio is about IDR 14.1 Tn 6 Charging station in 115 Operational
electric BSI CSR Allocation Across 5 Program Pillars:
21.18% BSI Head Office,
Landmark BSI Aceh & vehicles
Wisma Mandiri No of People
% Disbursement
Social Financing
Portfolio is about IDR 52.4 Tn 17,509 CO2eq scope 1
Pillar
Composition (Rp Bn)
Impacted
('000)
78.82% 64,807 CO2eq scope 2*
Economic Pillar 25.7% 69 40.2
Education Pillar 26.1% 70 43.8
Launched IDR 3 Tn sustainability sukuk in 1H24 Improvement on Data Privacy & Data Security
Cyber Security Compliance ISO/IEC 27001:2022 Humanitarian Pillar 38.8% 104 1,400
Health Pillar 3.0% 8 16.3
To achieve gender equality, empowerment Female;
Male ; 41%
for women, BSI has committed to create an Dakwah & Advocay Pillar 6.3% 17 25.6
59%
Fundamental guideline & prohibitions inclusive work environment
Notes: Include TBDSP or “must not be recognized as income”
12% female in the senior management level (3 out of 25) (e.g. fine/penalty) of IDR 39.3 Bn
*) Notes: Scope two only for electricity & fuel
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 68
Page 69
Details on Sustainable Banking
Green Financing Portfolio Mix by Segment
Regulatory Underlying %
Otoritas Jasa Keuangan Regulation (“POJK”) Energi Terbarukan 8.76%
No. 51/POJK.03/2017 (Renewable energy) (444 bps)
Implementation guideline of sustainable finance for 4.32%
financial service institutions, issuers and public companies Pengelolaan SDA Hayati dan Penggunaan Lahan yang
Berkelanjutan 39.28%
(Management of Biological Natural Resources and 946 bps
Sustainable Land Use) 48.74%
(IDR Tn)
+15.28% Transportasi Ramah Lingkungan 0.39%
(Green Transportation) 186 bps
+12.92% 2.25%
66.5
+10.61%
57.7 Pengelolaan Air dan Air Limbah yang Berkelanjutan 0.77%
(Sustainable Water and Wastewater Management) (12 bps)
51.1 0.65%
46.2
47.46%
Produk yang Dapat Mengurangi Penggunaan Sumber Daya
78.82% (619 bps)
(Eco-Efficient) - (Sustainable Products) 41.27%
78.86%
81.80%
85.50% Bangunan Berwawasan Lingkungan yang Memenuhi Standar 1.33%
(Sustainable Buildings Compliant with Recognized Standards) (38 bps)
0.95%
Kegiatan Usaha dan/atau Kegiatan Lain Dari Kegiatan 2.00%
21.14% 21.18% Usaha Berwawasan Lingkungan
14.50% 18.20% (Eco-Friendly Business Operations and Related Activities) 1.82% (18 bps)
2021 2022 2023 2024
Dec-23 Dec-24
Green Based Business Activity (KUBL) Social Based Business Activity (KUBS)
Investor Relations Group |PT Bank Syariah Indonesia Tbk - 69
Page 70
Disclaimer
This Presentation is not intended to form the basis of any investment decision with respect to PT Bank Syariah Indonesia Tbk (“BSI” or the “Company”). Neither
this Presentation nor anything contained herein shall form the basis of, or be relied upon in connection with, any contract or commitment whatsoever. This
Presentation is based solely upon information, estimates and projections (the “Information”) of the Company. No representation or warranty, express or
implied, is or will be made by the Company in relation to, and no responsibility or liability is or will be accepted by the Company as to the accuracy or
completeness of, the Information or any other written or oral information made available, and any liability therefore is hereby expressly disclaimed. The
Company does not make any representation or warranty with respect to the accuracy or completeness of the assumptions involved in producing this
Presentation. The Company does not assume any responsibility for the independent verification of the financial and other information contained in the
assumptions, which are subject to business, economic and competitive uncertainties and contingencies. Accordingly, no assurance can be given that any
projections contained in the Information, this Presentation or underlying the assumptions will be realized. Any variation between such projections and actual
results may be material. This Presentation is necessarily based upon financial, economic, market and other conditions as they exist and can be evaluated on the
date hereof. This Presentation and its contents are strictly confidential and must not be copied, reproduced, distributed, summarized, disclosed, referred to or
passed to others at any time without the prior written consent of the Company. In addition, organization changes over time often involved changes in the
classifications across BSI’s current business segments which include consumer/retail, business and corporate. Due to rounding, numbers presented throughout
this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.
Investor Relations Group |PT Bank Syariah Indonesia Tbk
Page 71
Names mentioned 20 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Bank Indonesia
p.4 ×3
unresolved
org
Ministry of Finance
p.5
unresolved
org
Bank B Loyalty Program
p.12
unresolved
org
Nielsen Consumer LLC
p.12
unresolved
org
Bank D Consumer Portion
p.15
unresolved
org
Bank License Current Gold Business Model
p.23
unresolved
org
Bank SRBI
p.24
unresolved
org
Bank Financial Report Nov-
p.25
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