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PT Bank Central Asia Tbk Public Expose 2024 Jakarta, 28 August 2024
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Agenda • Economic Highlights • Banking Industry Updates • 1H24 Performance Overview • Sustainable Finance and ESG • Corporate Updates • Share Data, Ratings & Awards Analyst Meeting 1H24 PT Bank Central Asia Tbk 2
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Economic Highlights
1H24 Performance Sustainable Finance Share Data, Ratings
Analyst Meeting 1H24 Economic Highlights Banking Industry Updates Corporate Updates PT Bank Central Asia Tbk 3
Overview & ESG & Awards
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Economic highlights (1/2)
1 Real GDP, consumption, and investment growth 2 BCA transaction data, nominal GDP & retail sales
• Strong growth in Q1-24, thanks to household consumption, despite • Business revenue is slowing down alongside demand post-Elections,
slowdown in fixed-asset investment but some commodity recovery could bolster nominal GDP growth
% YoY % YoY, 3-CMA % YoY
8 Nominal GDP
40 20
Real GDP
6 5.11 Forecast 2024: 15
4.8 - 5.1
30 Retail sales
4 10
4.28 Forecast 2024:
2.91 Real household 20 6.5 -58.7
2 4.43
consumption 0
1.19 10
0 -5
Real fixed-asset 5.24
-2 0 -10
investment
BCA Business -15
-4 -10 Revenue Index *Intrabiz is the aggregate volume of transactions
into BCA’s organization clients, which represents
-20
Source: BPS, BCA Economist businesses’ gross revenue
-6 Source: BPS, BCA Economist
-20 -25
Mar-18 Sep-19 Mar-21 Sep-22 Mar-24
Jan-19 Feb-20 Mar-21 Apr-22 May-23 Jun-24
3 Listed companies CAPEX & revenue growth 4 Trade balance
• While revenue growth is slowing, foreign investment and • Trade balance remained positive, but slowing global economy could
domestic CAPEX appetite remains quite resilient soften export and import growth in H2-24
% YoY
70 USD Bn % YoY
8 Exports → 80
50 Non-financial ← Trade balance
Imports 60
listed companies: 6
30 40
4
14.0 FDI growth 7.5820
2
10
9.6 CAPEX growth 02.39
0 1.16
-20
-10 -3.0 Revenue growth
Source: BKPM, Bloomberg, BCA Economist -2 -40
*) only until Q1-24
-30 -4 -60
2019 2020 2021 2022 2023 2024* Jan-19 Feb-20 Mar-21 Apr-22 May-23 Jun-24
Analyst Meeting 1H24 PT Bank Central Asia Tbk 4
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Economic highlights (2/2)
5 Headline & core inflation 6 Real rate differentials
• Indonesian inflation has remained under control due to declining food • Real rate differentials between Indonesia and the US has slightly
prices and stable energy prices widened, as Indonesia’s disinflation is faster than the US
% YoY USD/bbl %
7 140 12 Real interest rate differential, ID-US
10
6 120 8
Crude Oil (Brent)
5 Inflation 100
6
4 3.7
86.5 2.0
4 80 2
2.5 0 1.7
3 60
-2
Forecast 2024:
2 40 -4
Core inflation 2.7 - 3.5 -6 ― Indonesia real rate
1.9
1 202.6 - 3.2 -8 (BI 7-day Repo Rate minus inflation)
0 0 -10 ― US real rate (Fed funds rate minus inflation) Source: Bloomberg, BCA Economist
Jan-20 Feb-21 Mar-22 Apr-23 Jun-24 Jan-19 Feb-20 Mar-21 Apr-22 May-23 Jun-24
7 Fed Funds Futures (FFF) 8 BI policy rate & USD/IDR exchange rate
• Market expectations on Fed rate cuts have increased due to signs of a • IDR has started to stabilize due to renewed expectations of a
weakening labor market timely Fed cut
17000 7
% 16,500 16250
5.5 BI7DRR 6.25 Forecast 2024:
6
Dec-24 Dec-25 Dec-26 15,900 -
5.0 5.0
16000 USD/IDR 5.33 5
16,600
4.5 4
15000
4.0 3
4.0
3.9
2
14000
3.5 Source: Bloomberg, Fed Fed Funds Effective Rate 1
* FFF as of 9 July 2024 Source: Bloomberg, BCA Economist
3.0
13000 0
Jan-23 Apr-23 Jul-23 Oct-23 Jan-24 Apr-24 Jul-24
Jan-20 Jul-20 Jan-21 Jul-21 Jan-22 Jul-22 Jan-23 Jul-23 Jan-24 Jul-24
Analyst Meeting 1H24 PT Bank Central Asia Tbk 5
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Banking Industry Updates
Banking Industry Updates 1H24 Performance Sustainable Finance Share Data, Ratings
Analyst Meeting 1H24 Economic Highlights Corporate Updates PT Bank Central Asia Tbk 6
Overview & ESG & Awards
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Banking industry (1/2)
1 Loan, GDP Growth (YoY) and GDP Multiplier 2 Working Capital Loan Growth (YoY)
• Resilient loan growth post election • BCA’s working capital loans outgrew industry in the past 12M
BCA
15.4% 11.7% 13.3% 11.9%
10.0%
9.9% 10.3% 11.4% YoY Loan 6.4%
6.7% Growth -1.4% 10.2% 10.7% 10.8%
11.0% 6.1%
2.3% Industry *
5.9% -2.6% 4.9% 4.5% 4.3% Nominal GDP* -4.8%
2.6 GDP Multiplier (x) 48% 49% 48% 47%
-2.5% 2.3 47%
Portion 45% 45% 45% 45% 45% 45%
44%
0.9 1.1 0.5 0.7 to Total
Loans:
Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 May-24 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Jun-24
Notes: *) Nominal GDP as of Mar-24. Source: BI (SEKI), National Bureau of Statistics Notes: *) Industry as of May-24. Source: BI (SEKI)
3 Investment Loan Growth (YoY) 4 Consumer Loan Growth (YoY)
• BCA posted robust investment loans • BCA consistently grew above industry over the past two years
BCA BCA
22.2% 15.8% 13.8% 13.2%
16.6% 15.0% 5.8% 4.6%
13.5% 11.5% -0.6%
9.4% 9.0% 10.1%
2.3% 0.9% 4.6%
12.8% 11.2% 11.1% 13.8% Industry *
3.2% Industry * -11.0%
-1.0%
32% 32% 32% 34% 29% 29% 29% 29% 28% 28%
30% 23%
Portion 26% 29% 26% 26% 26% 26% 27% Portion 21% 20% 21% 21% 21%
to Total to Total
Loans: Loans:
Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Jun-24 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Jun-24
Analyst Meeting 1H24 Notes: *) Industry as of May-24. Source: BI (SEKI) Notes: *) Industry as of May-24. Source: BI (SEKI) PT Bank Central Asia Tbk 7
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Banking industry (2/2)
5 Industry CASA Growth (YoY) 6 Industry CA Growth (YoY)
• M2 and CASA growth started to rebound in 1H24. • BCA’s low-cost CA grew in the mid of high-rate environment
19.1% 27.0%
21.0% 23.7%
18.1% 21.1%
13.6%
13.7% 10.6% 24.3% Industry *
Industry * 14.7%
14.0% 9.5% 16.9% 13.4%
10.1% 12.5% 11.4%
7.6% M2 7.6%
8.5% 4.3% 11.3%
8.4% 5.8% BCA
6.5% 7.4%
3.5% 3.9% BCA
2.9%
Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Jun-24 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Jun-24
Notes: *) Industry as of May-24. Source: BI Notes:*) Industry as of May-24. Source: BI (SEKI)
7 Industry SA Growth (YoY) 8 CASA Ratio Industry vs BCA
• BCA’s SA growth is aligned with industry’s • BCA’s CASA ratio was consistently higher than industry’s
19.6% BCA 81.6% 80.3% 81.3%
76.6% 78.6%
16.3% 75.5%
8.9% Industry* 61.5%
63.9% 63.3% 62.8%
9.5% 58.4%
57.2%
11.5% 11.8% 5.0% Industry*
7.5% 2.3%
6.5%
4.9% BCA
2.0%
Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Jun-24 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Jun-24
Notes: *) Industry as of May-24. Source: BI (SEKI) Notes: *) Industry as of May-24. Source: BI (SEKI). CASA Ratio BCA is consolidated.
Analyst Meeting 1H24 PT Bank Central Asia Tbk 8
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1H24 Performance Overview
Banking Industry Updates 1H24 Performance Sustainable Finance Share Data, Ratings
Analyst Meeting 1H24 Economic Highlights Corporate Ratings PT Bank Central Asia Tbk 9
Overview & ESG & Awards
Page 10
Loans grew 15.5% YoY or 4.9% YtD
Consolidated (Rp tn) Jun-23 Dec-23 Mar-24 Jun-24 YoY YtD QoQ
Total Assets 1,357 1,408 1,444 1,425 5.1% 1.2% -1.3%
Secondary Reserves &
459 441 451 447 -2.5% 1.4% -0.9%
Marketable Securities
Loans 736 810 836 850 15.5% 4.9% 1.7%
Third Party Funds 1,071 1,102 1,121 1,125 5.0% 2.1% 0.4%
CASA 865 885 904 915 5.8% 3.5% 1.2%
Current Accounts 329 348 349 353 7.4% 1.3% 1.1%
Savings Accounts 536 536 555 562 4.9% 4.8% 1.2%
Time Deposits 207 217 216 210 1.7% -3.3% -2.8%
Equity 225 242 227 241 7.2% -0.7% 6.0%
Analyst Meeting 1H24 PT Bank Central Asia Tbk 10
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NPAT rose 11.1% YoY with solid operating performance
Consolidated (Rp tn) 1H-23 1H-24 YoY 1Q-24 2Q-24 QoQ
Operating Income 48.1 52.4 8.9% 26.1 26.3 0.8%
Net Interest Income 37.0 39.9 7.9% 19.8 20.2 1.9%
Non Interest Income 11.1 12.4 12.1% 6.3 6.1 -2.5%
Fees and Commissions 8.4 9.1 8.0% 4.5 4.6 3.2%
Trading Income 0.9 1.3 39.7% 0.6 0.7 7.8%
Others 1.8 2.1 17.0% 1.2 0.9 -29.3%
Operating Expenses 17.0 17.8 4.7% 9.3 8.5 -8.4%
Manpower 8.2 9.1 10.5% 5.0 4.1 -17.0%
General & Administrative 8.8 8.7 -0.8% 4.3 4.4 1.5%
PPOP (Pre-Provision Operating Profit) 31.1 34.6 11.2% 16.8 17.8 5.9%
Provision incl. Loan Recoveries 1.2 1.4 13.1% 0.9 0.5 -41.4%
Provision 1.9 1.8 -6.8% 1.0 0.7 -28.8%
Loan Recoveries (0.6) (0.3) -45.5% (0.1) (0.2) 52.2%
Net Profit 24.2 26.9 11.1% 12.9 14.0 8.7%
Analyst Meeting 1H24 PT Bank Central Asia Tbk 11
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Key Ratios Bank Only 1H-23 1H-24 ∆YoY 1Q-24 2Q-24 ∆QoQ NIM 5.6% 5.7% 0.1% 5.6% 5.8% 0.2% COC 0.5% 0.3% -0.2% 0.4% 0.2% -0.2% Risk Adjusted NIM 5.1% 5.4% 0.3% 5.2% 5.6% 0.4% Cost to Income 32.5% 30.7% -1.8% 32.4% 29.1% -3.3% ROA 3.7% 3.8% 0.1% 3.6% 4.1% 0.5% ROE 24.2% 24.8% 0.6% 22.7% 26.9% 4.2% CAR 29.5% 27.8% -1.7% 26.3% 27.8% 1.5% CASA to Total Funding 81.5% 82.2% 0.7% 81.5% 82.2% 0.7% LDR 65.7% 72.7% 7.0% 71.2% 72.7% 1.5% NSFR 175.9% 162.1% -13.8% 162.1% 162.1% 0.0% LCR 371.2% 324.4% -46.8% 333.9% 324.4% -9.5% ECL to Total Loans 4.8% 4.1% -0.7% 4.1% 4.1% 0.0% NPL - gross 1.9% 2.2% 0.3% 1.9% 2.2% 0.3% NPL Coverage 256.6% 190.2% -66.4% 220.3% 190.2% -30.1% LAR 9.0% 6.4% -2.6% 6.6% 6.4% -0.2% LAR Coverage (incl. off B/S) 61.5% 71.2% 9.7% 71.9% 71.2% -0.7% Analyst Meeting 1H24 PT Bank Central Asia Tbk 12
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Strong growth across segments
1 Loan Net Growth (Rp tn) - Consolidated 2 Loan Breakdown - Consolidated
15.5% % YoY
13.8% Segment (Rp tn) Dec-23 Jun-24 YoY YtD QoQ
9.0% Growth
5.3%
-0.3%
+88% 113.8 Annual Corporate 368.7 388.6 19.9% 5.4% -0.1%
81.8 Incremental
60.6 (Rp tn) Commercial 126.8 127.8 7.9% 0.8% 2.1%
29.9
SME 107.9 114.4 12.7% 6.1% 3.7%
(1.6)
Consumer 199.0 210.2 13.6% 5.6% 3.7%
Jun-20 Jun-21 Jun-22 Jun-23 Jun-24
- Mortgages 121.8 126.9 10.8% 4.2% 3.6%
3 Loan Composition (Rp tn) - Consolidated
- Vehicles 56.9 62.1 18.4% 9.2% 4.0%
Consumer SME Commercial Corporate
- Personal Loans* 16.9 17.8 20.2% 5.1% 3.7%
735.9 766.1 810.4 835.7 849.8
- Employee Loans 3.4 3.3 2.9% -0.4% 2.1%
44.0% 44.5% 45.5% 46.6% 45.7%
Sharia Financing 9.0 9.5 21.0% 5.8% 2.2%
16.9% 16.6% 16.4% 15.8% 15.8%
14.0% 13.9% 13.5% 13.4% 13.7% Total O/S Loans 810.4 849.8 15.5% 4.9% 1.7%
25.1% 24.9% 24.5% 24.2% 24.8%
Total Facilities 1,191.2 1,262.6 14.7% 6.0% 2.6%
Jun-23 Sep-23 Dec-23 Mar-24 Jun-24
*) Include credit card, paylater and personal loans
Analyst Meeting 1H24 PT Bank Central Asia Tbk 13
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Corporate loans: sound demand in investment loans
1 Working Capital Loan Facilities and Utilization Rate 2 Investment Loan Facilities and Utilization Rate
• Stable utilization rate at 55% • Stronger demand in investment loans, higher utilization rate YoY
55% 54% 54% 55% 55% Utilization Utilization
Rate (%) 77% 77% 82% 81% 80% Rate (%)
Facilities Facilities
163 168 297 309
143 145 153 (Rp tn) 256 269 278 (Rp tn)
QoQ: +2.8%
YoY: +17.3% QoQ: +3.9%
YoY: +20.9%
Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24
3 Corpo Loans by Use – Jun 24 4 Annual Incremental (Rp tn)
• Investment loans accounted for 64% of total corporate • Annual incremental rose 5x YoY
loans, growing 38% in two years
OS (Rp tn)
389
+5x 70
310 65
Investment 48
64%
58% Loan
36
Working 14
42% 36%
Capital
Jun-22 Jun-24 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24
Analyst Meeting 1H-24 PT Bank Central Asia Tbk 14
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SME loans outperformed industry
1 BCA vs Industry SME Loan Growth (YoY) 2 BCA SME Loan Facilities and Utilization Rate
• BCA SME outperformed industry • Maintaining utilization rate at 63%
63% 63% 63% Utilization Rate (%)
16.8% 16.0% 62% 62%
15.8%
13.3% 12.7% BCA 182 Loan Facility
169 172 176
165 (Rp tn)
4.5% Industry Ex Micro* QoQ: +3.4%
-2.6% -2.6% YoY: +10.2%
-9.4%
Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24
*) Industry Apr-24. Source OJK (SPI)
3 BCA SME Loan by Region and YoY O/S Growth
• Continue double-digit growth across regions
Jakarta Java Ex. Jakarta Ex. Java
No of
Loan by
region 38.6% 36.0% 25.4% Debtors
Jun-24 +28%
in 2 Yrs
OS YoY +11.8% +12.3% +14.6% National MSME Day Promo
Growth
Analyst Meeting 1H-24 PT Bank Central Asia Tbk 15
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Mortgages: higher new booking in 2Q
1 BCA vs Industry Mortgages Growth (YoY) 2 BCA Mortgages New Booking and Runoffs (Rp tn)
• BCA mortgages registered a steady growth • 72% of new booking was driven by hybrid exhibition
13.6% Industry Ex.
12.6% 12.3% 12.0
12.0% Subsidized 11.4 11.2
10.4
10.2% 11.7%
11.5% 11.0% 10.8% BCA 7.2 7.1 7.2 7.9 7.3 7.5
New Booking
Run Off
Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 2Q-23 3Q-23 4Q-23 1Q-24 2Q-24
Source industry: OJK (SPI), peer banks financial reports
Application from Expo
3 BCA Mortgages by Region and YoY O/S Growth reached Rp 36.2 tn, 34% in 2 Yrs
• The growth was still dominated in Jakarta area ~140 developers participated in the Expo
Jakarta Java Ex Jakarta Ex Java
Loan by
region 54.0% 32.3% 13.7%
YoY OS +12.2% +7.8% +12.3%
Growth
Effective Rate Promo
Analyst Meeting 1H-24 PT Bank Central Asia Tbk 16
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Auto loans grew ahead of industry
1 BCA vs Industry Auto Loan Growth (YoY) 2 BCA Auto Loan New Booking and Runoffs (Rp tn)
• BCA auto loans consistently outgrew industry • 45% of new booking came from hybrid expo
22.5% 22.2%
20.7% 20.8% 12.0 11.6 11.9
11.2
18.4% BCA 10.1 9.3 9.5
17.2% 8.6 8.8
8.0
15.4%
14.1% 14.5% Industry
New Booking
Run Off
Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 2Q-23 3Q-23 4Q-23 1Q-24 2Q-24
Source: OJK, Multifinance Statistics
3 BCA Auto Loan – New Booking by Region & YoY Growth
Promo flat rate Auto refinancing
• Ex. Java recorded the highest growth
Jakarta Java Ex. Jakarta Ex. Java Applications
from Expo
New
reached
booking
by region 30.80% 44.10% 25.10% ~Rp 14 tn,
1H24 +46% in 2 Yrs
YoY Growth +5.8% +9.3% +18.9%
Analyst Meeting 1H-24 PT Bank Central Asia Tbk 17
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Consolidated LAR improved to 6.3%
1 Loan at Risk (LAR) - Consolidated 2 Special Mention (Consolidated, Rp tn)
2.8% 2.6% SML Ratio
Rp tn Jun-23 Dec-23 Jun-24 ∆YoY ∆YtD ∆QoQ 2.4% 2.5%
2.2%
Loan at Risk:
20.6 18.6 17.8 20.6 21.8 O/S Special
Current Restruct. 29.6 21.2 13.6 -54.2% -35.9% -20.6% Mention
Special Mention 20.6 17.8 21.8 6.3% 22.9% 6.0% 56.0% 53.9% 47.9% 47.2%
58.0% ≤ 7 Days
NPL 13.8 14.5 18.1 31.3% 24.9% 16.4% 21.6%
21.3%
18.8% 20.3% 20.8% 8 - 30 Days
Total Loan at Risk 63.9 53.4 53.5 -16.3% 0.2% 0.5% 14.4% 14.7%
13.7% 14.1%
11.5% 31 - 60 Days
10.9% 11.2% 17.2% 17.0% 9.7% > 60 Days
LAR Ratio 8.7% 6.6% 6.3% -2.4% -0.3% -0.1 %
Jun-23 Sep-23 Dec-23 Mar-24 Jun-24
LAR Coverage 61.4% 69.2% 70.7% 9.3% 1.5% -0.6 %
3 NPL (Consolidated, Rp tn) 4 Loan by Staging (Consol, Rp tn) - Excl. Sharia & Cons. Receivables
Corporate Commercial SME Consumer NPL Ratio Coverage ratio Jun-23 Jun-24
1.8% 1.5%
(ECL on BS)
1.9% 2.1% 1.9% 1.9% 2.2%
791.9
13.8 15.5 14.5 15.5 18.1 680.0
19.4% 18.8% 19.7% 21.3% 21.8% 52.9% 49.5%
13.8% 14.2% 14.0% 14.9% 15.9%
64.4% 65.5%
23.1% 20.3% 18.2% 19.1% 23.4% % Compo. 95.4% 94.6% 25.4
19.6 18.4
13.5
42.9% 45.8% 47.5% 44.2% 38.2% 2.4% 3.5% 2.2% 1.9%
Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Stage 1 Stage 2 Stage 3
Analyst Meeting 1H24 PT Bank Central Asia Tbk 18
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Transaction volume reached 17 bn, rose 21% YoY
C2C B2C B2B
No of Customers
1 Two powerful mobile 31.9 million
banking apps 2 EDC Terminal, Point-of-Sales (+6% YoY or ~2x in 5 yr)
(POS) & Merchant Apps 3 Internet Business Banking
“Banking as a Service”
Robust transaction
volume in 1H24
4 E-money & 5 ATM/CRM/CDM 17 billion
e-wallet (+21% YoY or 4x in 5 yr)
6 One Click Payment
Mobile Banking
Transaction
per User
7 24/7 8 1,258 +24% YoY
contact center branches or +2.3x in 5 Yr
Analyst Meeting 1H-24 PT Bank Central Asia Tbk 19
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Two powerful mobile apps for customer choice
Mobile & Internet Banking Mobile & Internet Banking
Trx Vol (bn) Trx Value (Rp tn)
BCAmobile myBCA
Since 2011 Since 2021
+2.7x +1.8x
+24% YoY +12% YoY
25.6
22,909 24,825
20.1 14.8 19,167 13,265
14.4 12.0 11,811
2021 2022 2023 1H23 1H24 2021 2022 2023 1H23 1H24
Mobile Banking & Internet
Banking Users (mn)
+5% YoY
+1.5x 29.6 31.0
30.3
26.6
Popular mobile Newer apps with 20.8
apps for comprehensive
transactions features
2021 2022 2023 1H23 1H24
Analyst Meeting 1H-24 PT Bank Central Asia Tbk 20
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Mobile apps feature enrichments for better experience
myBCA Popular Features
Multicurrency Account Worldwide Access Integrated Account Management Paylater BCA
• View all account balances & QRIS Payment
Single account Register or login
Forex Pocket investment portfolio with choice of
with 8 major to myBCA using
• Debit card and credit card 1, 3, 6, or 12
foreign overseas mobile
controls month
currencies number
• Manage & transfer with any instalments
account under single BCA ID
Transfer & Payments Wealth Management KeyBCA App
Transfer to BCA / other Replacement for physical
Buy/sell investments online for:
bank accounts (QRIS, KeyBCA tokens to authorize
• Mutual funds
BI FAST, switching) financial transactions
• Government bonds (primary &
Foreign Currency Transfer secondary offering)
available in 14 foreign
Cardless Cash Withdrawal
currencies myBCA Instant Access
Virtual Accounts
Pre-login features available Cardless Cash
for quick access. withdrawal
Payments (utilities, tax,
• Flazz (Top up & balance inquiry) at BCA ATM
credit cards, multifinance,
• QRIS Payment
insurance, etc.) • Credit Card online application
Analyst Meeting 1H-24 PT Bank Central Asia Tbk 21
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Offering business solutions for B2C and B2B
Business banking platform for various scales and needs Extensive network of POS equipped with merchant apps
• Business Dashboard •
Transfer merchantBCA
•
Payment app One of the
• E-Statement
• Portfolio & Balance •
Payroll largest POS
•
Electronic Payment Instruction network
Information
• Foreign Exchange
Launched in
• MT940 Swift
Format • Outward Remittance Mar-24
Information Payable • Trade Finance
• Auto Payment The network has
Management Management Assisting
been recently
merchants in
rejuvenated,
doing business
while rolling out
Business through various
Android POS.
key features
Banking
Platform
Liquidity + New merchant onboarding
Receivable
Investment • Virtual Account through merchant apps: QRIS Transaction Freq.
Management
Management • OneKlik
• Auto Collection 50% YtD Jun24 2.5x YoY
• Account Sweeping • Inward Remittance
• Notional Account • Supply Chain Finance
Pooling • Cash collection, cash pick up, Merchant Apps Key Features:
APOS, EDC, QRIS, CDM, RFP Online Merchant Transaction Merchant Care for
Onboarding Monitoring extensive EDC
network
Analyst Meeting 1H-24 PT Bank Central Asia Tbk 22
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Branch and contact center
1,259 Branches Contact Center
Delivering ‘Trusted Relationship’ An integrated channel with digital services
1H24 Highlights: Hybrid On-boarding and
• Expanding and upgrading the ’hybrid model’ ~48% of total HaloBCA Touchpoints for All Segments
• Empowering human capital to focus on transactions at branch Apps
customer engagement and business are done via machines
Online Account Opening
relationships ~10.7 mn Process with KYC Video Call
Downloads
e-Branch since July 2021
Star Teller e-Service
self svc assisted
Features:
machine CS Digital Toll-free internet call,
WA chat, connected to
X account and email ~4,500 staff 6 Sites ~105k contacts / day
Services at Contact Center
Call Center HaloBCA Online Open X account
Apps for apps account @haloBCA
1500888
transaction Fast self-servicing
• A digital version of forms and machine for account
Self-service Instagram
conventional teller service opening, Whatsapp Tiktok Video
machines @goodlifeBCA
reservation e-channel 08111500998 @goodlifeBCA banking
• Mostly used for conveniently
deposits and used for card registration, book
withdrawal issuance and printing / Webchat Express Solution
Email
replacement replacement halobca@bca.co.id Branch Assistant
www.bca.co.id
Analyst Meeting 1H-24 PT Bank Central Asia Tbk 23
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ATM / CRM : higher daily transactions than pre pandemic
No of ATM /CRM Daily Trx Value and No. of Transaction
6.5 Daily Trx Value
18,483 19,163
6.4 6.3 (Rp tn)
6.2
Deposit & 6.3 6.3 Daily No. of
Withdrawal 5.9 Trx. (mn)
71% 75% Machine 5.7 5.9
5.5
ATM 5.4
29% 25% 5.1
Jun 23 Jun 24 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Jun-24
Cardless cash PIN change
withdrawal 1H24 HIGHLIGHTS:
Bill payments
Cash deposits • 1.14 billion no of transactions
BCAmobile
Account transfer registration • Rp 1,172 trillion transaction value
Balance Inquiry KlikBCA internet • Increase cash deposit & withdrawal machines portion for operational
banking registration efficiency
Analyst Meeting 1H-24 PT Bank Central Asia Tbk 24
Page 25
Wealth Management: robust AUM growth
Investment AUM (Rp tn)
Wealth Management (Welma) 1H24 Highlights
Continued 231
40% YoY Popular No of Transactions
dominance in
investment AUM,
growing by 40%
165 Features:
+61% YoY
• Online Buy / Sell Investments % Contribution to total
YoY • Investment portfolio report Investment Volume
•
1H23 1H24
Wealth investment insights
86%
New Products in 1H24
Free Investment
Transaction +29% YoY increase of new
Mutual Fund Fees product launching (linked to
Until 31 Dec 2024
Investment & Bancassurance)
Welma feature available in myBCA
Analyst Meeting 1H-24 PT Bank Central Asia Tbk 25
Page 26
Sustainable Finance and ESG
• Economic Aspect
• Environment
• Social
• Governance
Banking Industry Updates 1H24 Performance Sustainable Finance Share Data, Ratings
Analyst Meeting 1H24 Economic Highlights Corporate Updates PT Bank Central Asia Tbk 26
Overview & ESG & Awards
Page 27
BCA’s Commitment on Sustainability
PILLAR
Responsible Sustainability Social Value
Banking Culture Creation
BCA has a mission to align all our corporate activities with the principles of Sustainable Finance
-----------------------------------------------
Responsible Financing
----------------------------------------
-----------------------------------------------
Education*
Service Quality & ----------------------------------------
Sustainable Banking
Consumer Trust * Fair Operating Practices *
----------------------------------------
Our Conduct responsible business and ----------------------------------------
-----------------------------------------------
Environment, Health, Culture
support sustainable developmentPreservationgoals achievement.
& Donation*
SCOPE
Sustainability Technology & Digitalization Human Rights & Labor
----------------------------------------
----------------------------------------------- Practices *
Pillars Sustainable Culture
Customer Data Privacy & ----------------------------------------
Community Empowerment*
----------------------------------------
Security Protection * The Environment *
Covering the implementation of sustainability
-----------------------------------------------
values and responsible operational
----------------------------------------
Financial Inclusionactivities.
&
Literacy *
Fraud & Financial Crime
----------------------------------------
Prevention
Social Value Creation
-----------------------------------------------
Covering community involvement and empowerment programs.
| 7 | 8 | 9 | 13 | 16 | | 3 | 4 | 5 | 7 | 8 | 9 | 10 | 13 | 16 | | 3 | 4 | 5 | 8 | 9 | 10 | 13 |
SUPPORT ON
SDGs
Focusing on
9 out of 17 UN SDGs
*) Reflecting the core subjects of corporate social responsibility
Embark on Sustainability Journey
2017 2021 2023
1 First mover on sustainable 3 • Human rights policy 5 • Submitted Sustainable Finance Action Plan 2024-2028 to OJK
banking • Community Development policy • Consumer data & information protection policy
• Environmental policy • Joined Partnership for Carbon Accounting Financials (PCAF) to calculate Scope 3
• Responsible financing policy Finance emissions
• Financing policy for palm oil plantation & industry • Completed 100% operational GHG emission calculation
2019 2022 2024
2 • Submitted Sustainable 4 • Financing policy for 5 sensitive sectors from ESG 6 • Signed a joint commitment to support Indonesia's Net Zero Emission target
Finance Action Plan 2019- perspective with OJK
2023 to OJK • Consumer protection policy • Preparation for Sustainable Finance Taxonomy (mapping out all debtors in
• Established dedicated energy sector)
Analyst Meeting
ESG1H-24
unit • Preparation for Phase 1 Climate Risk Stress Test (coveringPT50%
Bank
ofCentral Asia Tbk
loan portfolio) 27
Page 28
Sustainable Financing grew 9.3% YoY
Our commitment on sustainable financing Implement responsible financing
Outstanding (Rp Trilion) ► Set up credit policies on high risk sectors from ESG perspective
203 198
183 181 Palm Oil Plantation & Coal Mining Toll Road Cement & Basic Timber & Forest
159 Industry Development Steel Industry Product
Green 87 77 7.6%
81 71 ► Established exclusion list :
Financing 71
• Illegal Logging • Forced labor, child • Production & trade of
Social 116 121 10.3% exploitation, human weapons
88 102 110 • Destroying world
Financing rights violations • Violating the Rights of
heritage sites
• Illegal trade of wildlife Local Communities
Dec-21 Dec-22 Dec-23 Jun-23 Jun-24 • Gambling & Money
or wildlife products • Production &
Laundering
% to total trafficking of narcotics
portfolio 24.8% 25.4% 24.8% 24.3% 23.2%
► Mitigate environmental risk :
▪ Taking into account the efforts made by debtors to preserve
Green Finance
Breakdown the environment through :
Sust. transportation • Environmental Impact Analysis (AMDAL) documents
11%
• Corporate Performance Rating Program in Environmental Management (PROPER)
Eco-friendly products
6% • Environmental Management Efforts and Environmental Monitoring Efforts (UKL-
Green Financing Renewable energy UPL)
Natural 4%
resources & Rp 77 tn
74%
5% ▪ Requesting debtors to follow-up unsatisfactory PROPER results
sust. land use Others
▪ Monitoring commitment and risk mitigation plan on debtors
with significant risk of climate change, forest destruction and
biodiversity.
Analyst Meeting 1H24 PT Bank Central Asia Tbk 28
Page 29
Continually growing green financing portfolio
Supporting low-carbon transition through EV financing Moving towards more sustainable palm oil sector
Certification on Palm Oil Financing:
Loan OS for EV Financing
in Rp billion 1,468 Dec-20 June-24
1,275 ISPO and RSPO Certified 8 16
RSPO Certified 12 22
877 ISPO Certified 28 31
751
# Palm Oil Corporate Debtors with Certifications 48 69
% of Certified Palm Oil Debtors 36% 72%
BCA Market share % of Certified Palm Oil Loan Outstanding 45% 60%
27 %
As of Dec 2023
Jun-23 Sep-23 Dec-23 Jun-24
Lending Policy for Palm Oil Sector
2Q24 New Booking
► Obtain palm oil certifications (ISPO/RSPO).
► Adopt no-deforestation, no-peat, no-exploitation (NDPE) principles.
Financing amount # Unit financed
► Implement low carbon business practices and local community
1,209 units empowerment.
Rp 404 bn ▲35.2% YoY
► Develop action plan and timeframe on sustainable business practices
Analyst Meeting 1H24 PT Bank Central Asia Tbk 29
Page 30
Stepping up in social financing
Promoting women entrepreneur Increasing exposure to MSME debtors
Loan O/S to Cumulative no. of +77%
woman debtors MSME debtors 217 in 3 years
(Rp tn): 14.8 15.8 incl. loan settled 182
12.3 13.8 (in thousands) 149
10.4 122
Dec-21 Dec-22 Dec-23 Jun-23 Jun-24 2020 2021 2022 2023
Fostering development of local MSME businesses
46,329 36.8%
women debtors of Individual ► Rp 485 biliion (as of June 2024) in KUR Disbursement,
(14.0% YoY) MSME debtors achieved 60.6% of 2024 target
KUR
► Hosted UMKM Fest - a marketplace festival for MSMEs
to showcase their products.
Multipurpose ► Participated by ~1,400 MSMEs nationwide.
Loan Rp 596 bn (250% YoY)
Special Kartini Program Disbursement
► A program aimed to engage MSMEs to scale up their
businesses through training, coaching, and financing.
► The program has engaged 1,900+ MSMEs since Nov 20.
Analyst Meeting 1H24 PT Bank Central Asia Tbk 30
Page 31
Towards environmentally-friendly operations
Total Carbon Savings Potential (tCO2 eq.)
1 2
YoY: Types of waste:
3,021 51% of transactions in 1H24 done 369 ton
45 99.7% through digital channels waste recycled
13% ► EDC machines
360 142% ► Expired archives &
Digital workplace documents
(internal administration,
► Organic & Non-
work from hub, approval
mechanism) organic waste
844 142%
Nature 1,996
4 Conservation 40
3
Green Building & 149
Energy Efficiency
1H24 Key
2 Recycle & Waste 349
Management Achievements
Repairing
4 islands,
homes for
Wisma BCA BSB Semarang
orangutans
1,772 22% Wisma BCA BSB Semarang Planted 5,500 mangrove
Digital Banking & BCA Foresta
1 Operation
1,458 seedlings to support marine
Obtained Green Building ecosystem
Certification (Platinum Level)
54,500 Multipurpose Tree
Sustainable Work Environment Species (MPTS) planted in 2023
through various Water and projected to absorb >14,400
Electricity savings initiatives tCO2eq in 2038
3 4
FY22 FY23
Analyst Meeting 1H24 PT Bank Central Asia Tbk 31
Page 32
Inspired to be a workplace of choice to employees
( Data as of Des 2023)
Gender Equality Employee Composition
Female Male Employee Turnover Rate
Age Group Gender Group
2023 3.6%
16% >50 years 2022 4.8%
15% >40-50 years Female 2021 5.1%
39% 61%
Management New Hire 46%
Level Employee 28% 30-40 years
54% Employee Engagement Index
61%
41% < 30 years 39
%
Male 4.7 Engagement survey
conducted by
independent third party
Scale 5.0
Training Realization Promoting Good Labor Practices
44.0 • Freedom of Association & Collective Labor • Personnel Case Advisory Committee to
38.8 Agreement, reviewed every 2 years provide independent recommendation to
BoD for resolving labor disputes, taking into
Avg. training hours 28.1
per employee/year • Implement Human Rights Policy account the principles of justice and
equality
373 • Implement OHS (Occupational Health &
Training Safety) Policy for decent and safe work Establish a task force for preventing and
263
expense 193 environment handling sexual violence in the
(Rp Billion) workplace
2021 2022 2023
Analyst Meeting 1H24 PT Bank Central Asia Tbk 32
Page 33
Benefiting wider communities through value-added initiatives
Excellent Service for Customer Engagement Bringing positive impacts to external communities
Community development
4.75 (scale 5.00) 14 Assisted villages
Measure service quality
Customer Engagement Index
65 Participants –
through index survey training on natural 10 Participants with
conducted by independent
12 Assisted villages
coloring for disabilities received
third party
4.88 (scale 5.00) in partnership with
traditional weaving in
Branch Service Quality Index Ministry of Tourism & beauty class and training
Baduy & Sumba
Creative Economy
BCA listed as the only Indonesia Promoting public health
company that surpassed 90th Conducts public health program for underprivileged
percentile in customer excellence communities across Indonesia as of June 2024:
For 3 consecutive years services from Gallup Global
(2021, 2022, 2023) benchmark Cataract Medical Blood
surgery for assistance for donation
198 patients 7,231 patients 1,202 bags
Access and Affordability of Banking Products and Services
Access to 1,330 branch offices in 36 provinces Quality education for young generation
Products & services 17,819 ATMs in 258 cities
Bakti BCA Scholarship – One year education
assistance program for 700 students
Access for 13 ‘ATM Wicara’ for disabilities using voice
Disabilities feature BCA Berbagi Ilmu – Capacity building program
from BCA directors for 3,347 students in 2Q24
Access for 20 branch offices in 3T areas of Indonesia
Remote area (disadvantages, outermost, frontier areas) Financial Literacy – Socialization & activities
for 24,931 communities & students in 2Q24
As of June 2024
Analyst Meeting 1H24 PT Bank Central Asia Tbk 33
Page 34
Strengthening corporate governance
Good governance for sustainable
Conduct best practices in Corporate Governance Outcome
business practices
corporate governance
Self Assessment Rating Dedicated ESG working unit as enabler &
• The audited annual financial collaborator of ESG initiatives across BCA
Self-Assessment on the Implementation of Good
report/statement released within 60 days working units
Corporate Governance in 1H 2024 :
from the financial year end Implement anti corruption & gratification
Rating 1 (Very Good)
control, supervised by Compliance Division as
• The Notice of AGMS are announced 28 days Gratification Control Unit
before the date of the AGMS Require partners to sign an Integrity Pact and a
ASEAN Corporate Governance Scorecard Rating Compliance Statement as part of the
• Auditors seeking reappointment clearly 101.93 106.64 sustainable sourcing process.
identified on Notice of AGMS as well as on BCA 85.15
BCA’s Website 70
77
Rising importance of IT Governance
Average 67
• The Summary of Minutes of AGMS is Regional Dedicated Cyber Security Risk Management
publicly available by the next working day 2017 2019 2021 Dedicated IT Security Group
24/7 Security Monitoring Center to monitor
• Final dividend paid in a timely manner -
data traffics, cyber risk, and threats
<30 days after approved by shareholders at
general meetings The Indonesian Institute for Corporate
Conduct cybersecurity maturity model
Directorship (IICD) Corporate Governance Award
assessment by independent third party
BCA won the “Best Overall” award at IICD 2023 Result: Strong maturity
Corporate Governance Conference & Award 2023
Established cybersecurity culture &
knowledge assessment for all employees
Analyst Meeting 1H24 PT Bank Central Asia Tbk 34
Page 35
ESG Rating & Awards
MSCI Indonesia Index World’s Strongest
FTSE4Good ASEAN 5 Index
Top 10 Constituents Banking Brand 2024
Top 10 Constituents
2024 Annual Brand Value
BCA constituents of: Ranking
• IDX ESG Leaders Index
• SRI – KEHATI Index
• ESG Quality 45 IDX – KEHATI #1 World’s Best Bank in
• ESG Sector Leaders IDX – KEHATI Indonesia
Last update: May 2024 Last update: June 2024 Last update: May 2024 Forbes World's Best Bank
2024
Silver Winner as Most
FIHRRST Thomson Reuters - Refinitiv Dow Jones Sustainability Index Committed to ESG in
Best Sustainability Report ESG Scores S&P Global CSA Indonesia
Rating A+ Rating A Score 50
FinanceAsia Asia’s Best
Companies 2024
Rank percentile 83th
Best Companies to Work
for in Asia
Last update: June 2024 - Annually Last update: June 2024 - Annually Last update: Oct 2023 - Annually
HR Asia Award 2024
Analyst Meeting 1H24 PT Bank Central Asia Tbk 35
Page 36
Corporate Updates
Banking Industry Updates 1H24 Performance Sustainable Finance Share Data, Ratings
Analyst Meeting 1H24 Economic Highlights Corporate Updates PT Bank Central Asia Tbk 36
Overview & ESG & Awards
Page 37
Corporate updates
• Two BCA’s subsidiaries engaged in automotive financing industry, namely BCA Finance (focusing
Merger of two on 4-wheeler) and BCA Multi Finance (focusing on two-wheeler) conduct a merger. OJK as the
multifinance regulator has granted its approval, and merger effective date is expected in Sep 2024.
subsidiaries • The merger would combine the best potentials of the two entities. Post-merger, BCA Finance
will become the surviving entity, creating a robust auto financing arm of BCA Group
Analyst Meeting 1H24 PT Bank Central Asia Tbk 37
Page 38
Share Data, Ratings & Awards
Banking Industry Updates 1H24 Performance Sustainable Finance Share Data, Ratings
Analyst Meeting 1H24 Economic Highlights Corporate Updates PT Bank Central Asia Tbk 38
Overview & ESG &Awards
Page 39
BCA share performance & rating
BCA Shareholding Structure (30 June 2024) Performance BBCA vs IDX Finance Index
(Relative price up to 12 Jul 2024 against 1 Jan 2018)
Number Ownership
of Shares Percentage 150%
135.7% 130.0%
130%
PT Dwimuria Investama Andalan * 67,729,950,000 54.94% BCA Share Price 112.3% 114.6%
110%
Public** 55,545,100,000 45.06% 87.2%
90%
67.7%
Total 123,275,050,000 100.00% 70%
56.4%
50% 41.8%
Note: 32.6% 34.5%
25.7% 21.6%
* Shareholders of PT Dwimuria Investama Andalan are Mr. Robert Budi Hartono and Mr. Bambang Hartono, 30%
therefore the ultimate shareholders of BCA are Mr. Robert Budi Hartono and Mr. Bambang Hartono.
** 10%
Under this composition, 2.49% of shares belong to parties affiliated with PT Dwimuria Investama Andalan.
-10%
-25.8%
IDX Finance Index
Fitch Ratings Pefindo Ratings -30%
Jan-18 Oct-18 Aug-19 May-20 Mar-21 Jan-22 Dec-22 Sep-23 Jul-24
As of May 2024 As of March 2024
Description Rating Description Rating Market Cap BCA: Rp1,242 tn (12 Jul 24)
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: +40.4%
National Long-Term AAA (idn) (2 Years: Jul-22 to Jul-24)
National Short-Term F1+ (idn)
Viability bbb CAGR IDX Finance Share Price: -1.1%
Government Support bbb- (2 Years: Jul-22 to Jul-24)
Analyst Meeting 1H24 PT Bank Central Asia Tbk 39
Page 40
Selected awards and recognitions - 2024
Best Bank
FinanceAsia Award 2024 Gallup
Forbes World’s Best Bank 2024 Global Customer Engagement 2023
Indonesia Best Domestic Bank #1 World Best Bank in Indonesia
(Highly Commended) Customer Engagement Recognition -
Customer Engagement above global
benchmark (90th percentile)
Euromoney TAB Global
Excellence in Retail Finance Awards 2024 Brand Finance
Private Banking Awards 2024 World’s Strongest Banking
• Best Retail Bank in Indonesia
• Best for Next Gen in Indonesia
Brand 2024
• Most Recommended Retail Bank in Asia Pacific
• Best for HNW in Indonesia
• Most Recommended Retail Bank in Indonesia AAA+ (93.8/100)
ESG, CSR, GSG & IR
14th Asian Excellence FinanceAsia Fortune Indonesia
Asia's Best Companies 2024
Award 2024 Change the World
• Indonesia Best Large Cap Company (Gold)
• Best Investor Relations • Indonesia Best Managed Company (Bronze) Sustainability BCA:
• Asia's Best CEO, CFO • Most Committed to ESG (Silver) Waste Management
• Asia's Best CSR • Indonesia Best CEO
Analyst Meeting 1H24 PT Bank Central Asia Tbk 40
Page 41
Publications in BCA website (www.bca.co.id)
Scan QR or Click Image to access the file
Audited / Long
Corporate Presentations Form Reports Short Form Reports
30 June
2024
(tidak diaudit)
Economic Reports Annual Reports Sustainability
(incl. GCG) Reports
Analyst Meeting 1H24 PT Bank Central Asia Tbk 41
Page 42
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. Analyst Meeting 1H24 PT Bank Central Asia Tbk 42
Page 43
Thank You
Names mentioned 9 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Asia Tbk
p.27
unresolved
org
Ministry of Tourism
p.33
unresolved
org
PT Dwimuria Investama Andalan
p.39 ×3
unresolved
org
Bank FinanceAsia Award
p.40
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