PT Bank Central Asia Tbk : FY21 Analyst Meeting

PT Bank Central Asia Tbk

FY21 Results

Agenda

Macroeconomy & banking industry highlights

• BCA FY21 performance overview
• Sustainability finance and ESG
• Share data, ratings & awards

Always by your side

Analyst Meeting FY-21

PT Bank Central Asia Tbk

2

Economic highlights

• Strong recovery in Q4-21 owing to post-Deltapent-up demand and export windfall from strong commodity prices.
• Omicron a concern due to rapid spread, but combo of low hospitalization/mortality rates, herd immunity, and vaccination should reduce impact towards mobility.
• Inflation remains mild (1.87%) compared to global, but may rise in 2022 as the economy recovers.
• Bank Indonesia is expected to start normalizing policy in the H2-2022, in line with tighter global monetary policy outlook. Strong trade surplus remains a buffer against capital outflow risk.

	Q4-20	Q4-21
Real GDP	-2.19%	3.51%*
CPI	1.68%**	1.87%**
BI 7-D Rate	4.00%	3.50%
USD/IDR	14,050**	14,263**
CA (% of GDP)	-0.42%	0.17%*

Source: Bank

*) Q3-21 number **) Dec YoY

Indonesia

Analyst Meeting FY-21

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Inflation and BI Rates (%)

7%	BI 7-day (Reverse) Repo Rate
6%				5.75	6.00
				5.50
				5.25
					5.00
5%	4.75	4.75
				4.50
		4.37	4.25		Inflation
				4.00
		3.83
4%	3.45	3.72					3.75	3.50		3.50
	3.41		3.49
			3.23
				3.20	2.96
3%
	2.79				2.48	2.68	1.96
								1.87
2%						1.68	1.68 1.60
1%							1.32			1.33
Jun-16	Feb-17	Oct-17	Jun-18	Feb-19	Oct-19	Jun-20	Feb-21	Dec-21

Source: Bank Indonesia

Rupiah/USD
17,000						16,575
16,000
					15,235
15,000					14,938	14,890
				14,565
					14,525	14,493
				14,209
14,000	13,964
13,661	13,565	13,609	13,853		14,263
	13,878 13,895
		13,265		13,920
13,000			13,256	13,289	13,583
	13,057	12,955	13,156
12,000
Jan-16Aug-16Feb-17	Oct-17May-18Feb-19Oct-19Jul-20Mar-21	Dec-21
Source: Bloomberg
						PT Bank Central Asia Tbk	3

Banking sector: growth continues

Banking Sector Financial Summary

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• Loans expanded 3.2% YoY, supported by working capital and consumer lending.
• Liquidity remains ample: Deposits rose 9.4% YoY, LDR at 78.3%.
• Gov't stimulus in 2021 amounting to Rp 659 T, boosting deposit growth and demand for auto loans/mortgages. Stimulus reduced to Rp 451 T, auto incentives to continue in 2022.
• Transaction activity grew strongly alongside recovery (BCA Consumer Txn Index* +30.0% YoY, BCA Business Txn Index* +19.1%). Also in line with industry data (RTGS +35.7% YoY, clearing +23.2%).
• Asset quality remains stable, NPL ratio at 3.2%. OJK restructuring relaxation policy is extended to Mar-23.
• CAR stood at 25.3%.

(Rp trillion)	Oct-20	Dec-20	Oct-21	∆YoY	∆YtD
Total Assets	9,074	9,178	9,824	8.3%	7.0%
Total Loans	5,480	5,482	5,658	3.2%	3.2%
Third Party Funds	6,620	6,665	7,245	9.4%	8.7%
CASA	3,753	3,861	4,355	16.1%	12.8%
Current Accounts	1,701	1,687	2,037	19.7%	20.8%
Savings Accounts	2,051	2,174	2,318	13.0%	6.7%
Time Deposits	2,867	2,805	2,890	0.8%	3.0%
Net Profit	92.6	104.7	118.0	27.4%	n.a
NIM	4.4%	4.4%	4.6%	20bp	20bp
LDR	83.1%	82.5%	78.3%	-480bp	-420bp
NPL	3.2%	3.1%	3.2%	0bp	10bp
CAR	23.8%	23.9%	25.3%	150bp	140bp
Source: OJK

* Source: BCA Big Data

Analyst Meeting FY-21

PT Bank Central Asia Tbk

4

Agenda

• Macroeconomy & banking industry highlights

BCA FY21 performance overview

• Sustainability finance and ESG
• Share data, ratings & awards

Always by your side

Analyst Meeting FY-21

PT Bank Central Asia Tbk

5