Investor Presentaiton
Disciplined and Sophisticated Debt Portfolio Management
Stable Debt to GDP Ratio Over the Years
Prudent Fiscal Deficit
BHINNEKA
IDR Tn
Government Debt/ GDP (%)
500
442
407
0,0%
362
5.000,0
29,40%
29,81%
30,18%
34,53%
849,5
358
400
35,00%
265
-0,5%
27,43%
28,33%
30,00%
24,74%
300
200
764,5
-1,0%
4.000,0
810,7
25,00% 100
19
14
746,2
-1,5%
3.000,0
734,8
755,1
677,6
4.745,5
2.000,0
4.014,8
3.612,7
3.248,6
20,00%
(100)
15,00% (200)
(300)
(9) (7)
(4)
(20)
(58)
(69)
(56)
(66)
-2,0%
-1,8%
-2,2% (227)
-2,5%
10,00%
2.780,6
2.410,0
(400)
-2,6% (298)
-2,5% (308)
-2,5%
(341)
(269)
-3,0%
1.000,0
1.931,2
5,00%
2014
2015
2016
2017
2018
Bonds (Net)
Loans (Net)
0,00%
2014
2015
2016
2017
2018
Bond
Loan
2019*)
Debt/GDP Ratio [RHS]
August
2020**)
Non Debt (Net)
Budget Surplus/Deficit
Fiscal Deficit (%GDP, RHS)
Note: *) as of end of December 2019,
**) Preliminary number using GDP assumption
Weighted Average Debt Maturity of ~8.61 Years
Well Diversified Across Different Currencies
9,6
9,39
9,4
9,13
9,2
9
8,8
8,68
8,6
8,4
% of Yearly Issuance
1%
100%
7%
ATM
4%
64
1%
6%
4%
di didi
1%
1%
1%
6%
5%
6%
4%
5%
5%
80%
31%
29%
30%
27%
26%
60%
8,61
8,52
8,37
8,2
8
40%
57%
59%
58%
62%
63%
20%
7,8
2015
2016
2017
2018
2019
Aug-20
0%
2016
2017
2018
2019
Aug-20
Source: Ministry of Finance
IDR
USD
EUR
JPY
OTHER
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