Corporate Review I - 2015

FIF Performance Highlight

As of 30 April 2015

PT Federal International Finance

Jakarta
Marketing, Financial & Losses Highlight
YTD April & OL I 2015

PT Federal International Finance

Jakarta
 Projection – Outlook 1 2015
Marketing Highlight
In Millions
Full Year 2014 Ytd Apr 2014 DESCRIPTION YTD Full Year MB Full Year 2015
  Actual   Apr-15 2015 OL I
    Marketing Highlight      
3,135,291 916,794 Honda Credit Sales 889,102 3,043,711 2,874,904
4,841,961 1,446,570 Honda Sales 1,352,636 4,900,000 4,500,000
          
   Honda Unit Finance:      
1,462,234 404,366 - NMC 422,922 1,430,544 1,351,215
77,777 23,395 - UMC Reguler 23,742 80,000 70,542
698,546 194,415 - UMC Financing 268,987 717,070 760,180
2,238,557 622,176 Total HONDA Unit Finance 715,651 2,227,614 2,181,937
          
46.6% 44.1%NMC vs Honda Credit Sales 47.6% 47.0% 47.0%
30.2% 28.0%NMC vs Honda Sales 31.3% 29.2% 30.0%
          
   Honda Amount Finance:      
18,419,408 4,942,355 - NMC 5,490,705 18,167,909 17,280,026
721,072 213,303 - UMC Reguler 230,008 712,000 651,208
4,181,718 1,159,242 - UMC Financing 1,628,340 3,943,884 4,477,259
23,322,198 6,314,900 Total HONDA Amount Finance 7,349,052 22,823,793 22,408,493
          
   Other Product :      
841,351 258,284 - MPF 256,578 948,186 974,737
6,830 1,953 - Car 2,866 8,548 8,714
2,847,655 860,727 - MPF 876,906 3,318,650 3,318,645
565,673 166,710 - Car 214,040 663,879 669,117
   Total All Product      
3,086,738 882,413 Total Unit Finance 975,095 3,184,347 3,165,388
26,735,526 7,342,337 Total Amount Finance 8,439,998 26,806,322 26,396,255
          
   WAR:      
29.3% 29.6%- NMC 29.5% 28.0% 28.0%
33.2% 33.1%- UMC Reguler 33.8% 34.0% 34.0%
41.1% 41.2%- UMC Financing 41.0% 38.0% 38.0%
55.4% 55.6%- MPF 59.7% 56.5% 56.5%
17.0% 16.4%- Car 18.6% 15.5% 15.5%
33.7% 34.3%Average WAR 34.7% 32.9% 32.9%
          
9.8% 10.3%COF 9.8% 10.7% 10.5%
23.9% 24.0%Spread 24.9% 22.2% 22.4%
          
 Projection – Outlook 1 2015
Financial Highlight
In Millions
Full Year 2014 Ytd Apr 2014 DESCRIPTION YTD Full Year MB Full Year 2015
  Actual   Apr-15 2015 OL I
    Financial Highlight      
30,604,429 26,505,901 NSA 30,986,538 32,475,577 32,165,805
(5,168,784) (5,334,018) NSA - JF (5,417,231) (6,843,694) (6,667,693)
25,435,645 21,171,884 NSA Own Risk 25,569,307 25,631,883 25,498,112
          
19,428,605 14,688,233 Total Borrowing 20,566,339 18,494,574 19,135,542
5,046,797 4,518,569 Equity 5,263,691 5,866,080 5,943,934
26,317,343 22,229,799 Total Assets 28,029,516 26,430,640 27,278,962
          
7,295,463 2,165,963 Revenue 2,610,163 7,955,482 7,952,284
(1,633,475) (497,728) Financial Charges (663,158) (1,867,351) (1,950,365)
5,661,987 1,668,235 Gross Profit 1,947,006 6,088,131 6,001,919
(2,173,637) (711,402) Operating Expenses (801,984) (2,527,134) (2,398,476)
    Tax 2010 (21,801)   (21,801)
(889,037) (256,713) Direct Exp (Marketing) (297,581) (941,720) (986,251)
2,599,314 700,120 Operating Profit 825,640 2,619,277 2,595,392
211,512 81,120 Interest & Penalty Income 70,018 184,896 182,786
(804,997) (185,243) Allowance for doubtful accounts (182,312) (688,686) (641,104)
(368,903) (108,039) Loss on repossessed asset (163,307) (445,440) (469,405)
159,691 55,603 Other Income 45,612 130,815 132,964
1,796,617 543,560 NPBT 595,652 1,800,862 1,800,631
(444,016) (129,789) Income Tax (148,541) (450,215) (449,786)
1,352,601 413,771 NPAT 447,111 1,350,646 1,350,846
          
9.62% 9.98% Total Expense % to ASA - rolling average 10.06% 10.39% 10.37%
6.83% 7.33% Opex % to ASA - rolling average 7.39% 7.57% 7.37%
          
26.8% 27.5% ROE - Annualized 25.5% 23.0% 22.7%
4.9 4.4 DER (incl. JF) 4.9 4.3 4.3
12,440 11,532 USD/IDR 12,937 12,500 13,500
           
 Projection – Outlook 1 2015
Losses Highlight
In Millions
Full Year 2014 Ytd Apr 2014 DESCRIPTION YTD Full Year MB Full Year 2015
  Actual   Apr-15 2015 OL I
           
    Net Losses      
362,359 105,467 Loss on Repo (LOR) 151,269 440,749 458,828
605,001 197,359 Write off 223,061 708,200 699,435
(144,454) (50,468) Recovery Income (43,489) (130,815) (130,841)
822,906 252,359 Net Losses 330,841 1,018,134 1,027,423
           
22,842,830 20,501,647 ASA-1 + ARA 24,323,883 25,667,071 25,739,410
           
    Net Losses vs Provision      
3.6% 3.7% Net Losses / ASA-1 + ARA 4.1% 4.0% 4.0%
           
25,518,037 21,244,239 NSA Own Risk (NSA -1) + RA 25,683,100 25,735,029 25,600,634
           
    PROVISION vs PROJECTED Net Losses to NSA-1 & RA      
1,267,226 1,104,700 Projected Net Losses (YTD) 1,236,624 1,224,987 1,218,590
6.22% 6.45% Provision / NSA-1 & RA 6.06% 6.01% 6.01%
4.97% 5.20% % Projected Net Losses / NSA-1 & RA 4.81% 4.76% 4.76%
1.25% 1.25% Surplus (deficit) of Provision 1.25% 1.25% 1.25%