Bsp Financial Group Ltd. · ASX:BFL
Bsp Financial — Q3 2023 Earnings Presentation
10 slides from Bsp Financial's earnings presentation, October 2023
Slide 1: Investor Update Q3-2023
Investor Update Q3-2023 Mark T. Robinson BSP Financial Group Limited [ARBN: 649 704 656, Incorporated in Papua New Guinea] UNAUDITED INVESTOR BSP Classification: UPDATE External Q3-23 Confidential
Slide 2: Disclaimer
Disclaimer NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR to take any action, whether in or out of the ordinary course of business, which executed, and subject to such limitations as may be provided in such INTO THE UNITED STATES the Company in its sole discretion deems necessary
Slide 3: South Pacific's #1 bank
South Pacific’s #1 bank BSP GROUP 16.3m mobile & online transactions per month ~ 3.5m Customer accounts 125 branches Largest South Pacific network K15.0b [A$6.3b] K In net lending K36.1b [A$15.1b] In total assets K6.3b [A$2.4b on ASX] Market capitalisation 1 1 Market capitalisation values based on l
Slide 4: Q3-23 results overview
Q3-23 results overview Q3-23 vs Q3-23 vs YTD [Km] Q3-23 Q3-22 Q3-22 QUARTER [Km] Q3-23 Q3-22 Q3-22 Revenue 2,048.7 1,919.7 +6.7% Revenue 707.6 633.3 +11.7% Operating expenses 808.4 723.0 +11.8% Operating expenses 297.5 252.8 +17.7% Operating profit 1,240.3 1,196.7 +3.6% Operating profit 410.1 380.5
Slide 5: Strong deposit and loan growth
Strong deposit and loan growth NET LOANS TOTAL ASSETS [Kb] [Kb] +6.8% +13.2% 15.0 36.1 14.1 31.9 28.9 13.3 A$6.3b A$15.1b Sep-21 Sep-22 Sep-23 Sep-21 Sep-22 Sep-23 DEPOSITS DEPOSIT MIX [Kb] [Kb] Demand deposits Term deposits YoY +15.5% 3.1 2.8 2.7 13.9% 29.4 26.3 22.8 25.5 22.8 15.6% 20.0 A$12.3b Se
Slide 6: Key ratios remain strong
Key ratios remain strong RETURN ON AVERAGE EQUITY RETURN ON AVERAGE ASSETS [Annualised, %] [Annualised, %] -570bps 27.5% 27.1% -70bps 3.2% 3.0% 21.4% 2.3% Q3-21 Q3-22 Q3-23 Q3-21 Q3-22 Q3-23 CAPITAL ADEQUACY1 COST TO INCOME [%] [%] +210bps -100bps 39.9% 42.0% 23.4 23.3 37.7% 22.3 Q3-21 Q3-22 Q3-23 Q
Slide 7: Moving customers to digital channels
Moving customers to digital channels Q3-23 AVERAGE MONTHLY QoQ Q3-23 CHANNEL MIX TRANSACTIONS 16.3m mobile & online ▲8% 60% 4.9m EFTPOS terminals ▲7% 18% 4.6m ATM ▲3% 17% 1.1m Branch & agency ▲9% 4% UNAUDITED INVESTOR BSP Classification: UPDATE External Q3-23 Confidential 7
Slide 8: Market capitalisation
Market capitalisation JANUARY 2022 JANUARY 2023 OCTOBER 2023 +8.1% K5.7b K5.8b K6.3b … K12.25 on 3/1/22 … K12.41 on 3/1/23 … K13.50 on 17/10/23 +5.1% +1.6% $2.0b $2.3b $2.4b … $4.27 on 3/1/22 … $4.90 on 3/1/23 … $5.20 on 17/10/23 UNAUDITED INVESTOR BSP Classification: UPDATE External Q3-23 Confident
Slide 9: Highlights
Highlights Leading South Pacific brand … with origins dating back to 1957 Payments leader … moving customers to digital channels Continued strong operating income … allows for ongoing investment Strong balance sheet … liquidity and capital prudently managed UNAUDITED INVESTOR BSP Classification: UPD
Slide 10: Thank you
THANK YOU We welcome your questions 10 UNAUDITED INVESTOR BSP Classification: UPDATE External Q3-23 Confidential