Commonwealth Bank Of Australia · ASX:CBA
Commonwealth Bank Of Australia — H1 FY2011 Earnings Presentation
12 slides from Commonwealth Bank Of Australia's earnings presentation, Feb 9, 2011
Slide 1: Media Presentation for the half year ended 31 December 2010
DETERMINED TO BE BETTER THAN WE’VE EVER BEEN. Media Presentation FOR THE HALF YEAR ENDED 31 DECEMBER 2010 Ralph Norris Chief Executive Officer For personal use only Results Presentation For the half year ended 31 December 2009 10 February Commonwealth Bank of Australia ACN 123 123 124 2010 9 FEBRUAR
Slide 2: Disclaimer
Disclaimer For personal use only The material that follows is a presentation of general background information about the Group’s activities current at the date of the presentation, 9 February 2011. It is information given in summary form and does not purport to be complete. It is not intended to be
Slide 3: Overview
Overview For personal use only Another solid financial result Challenging operating environment Disciplined strategy execution continuing to deliver Investing for the future Cautiously optimistic for calendar 2011 3
Slide 4: Another solid financial result
Another solid financial result For personal use only Dec 10 vs Dec 09 Cash NPAT ($m) 3,335 13% Statutory NPAT ($m) 3,052 5% ROE 19.2% 70bpts Cash EPS ($) 2.14 12% Dividend per Share ($) 1.32 10% 4
Slide 5: Return on Assets
Return on Assets For personal use only Assets ($bn) 700 2 Cash NPAT ($bn) 646 650 620 Group ROA (%) 2 600 Banking ROA 1 500 488 6.1 0.9% 440 1 1.1% 400 383 4.7 1.0% 352 4.5 4.4 1 4.1 300 3.5 3.3 1 1 200 0 100 0 0 - 2005 2006 2007 2008 2009 2010 1H11 Half Year 5
Slide 6: Strategy continues to deliver
Strategy continues to deliver Retail MFI Customer Satisfaction 1 Products per customer 2 For personal use only 75.6% 75.4% 72.5% 73.8% 2.64 Average number of products 70.5% at the Financial Institution 65.2% 66.5% 2.17 Jun 06 Jun 07 Jun 08 Jun 09 Jun 10DecDec 10 10 Dec 05 Dec 06 Dec 07 Dec 08 Dec 09
Slide 7: Continuing to invest
Continuing to invest For personal use only Investment Spend Investment Spend Profile % of Total Investment Spend (12 months to Dec 10) $m 1,075 1,020 1,036 783 Core 538 Productivity Banking 1st Half 583 561 & Growth 30% 2nd Half 40% 434 4% Other 8% 18% Branch 537 541 refurbishment 437 475 Risk / 349
Slide 8: Targeted expansion in Asia
Targeted expansion in Asia Key developments – 12 months to Dec 10 For personal use only Launch of BoCommLife Joint Venture in China Opening of CBA branch in Shanghai Beijing Opening of the first CBA branch in India Jinan Tokyo Acquisition of a 15% shareholding in Vietnam International Bank Shanghai
Slide 9: Core Banking Modernisation
Core Banking Modernisation For personal use only 10 million retail deposit and transaction Timetable Status Customer Records Completed accounts migrated successfully: Retail Deposits Completed Retail Transactions Completed Largest in Australian history Business Deposits and Transactions
Slide 10: Supporting our Community - Floods
Supporting our Community - Floods For personal use only Flood Assistance initiatives totalling $65m: Compassionate Assistance Fund of up to $50m CommInsure ex gratia payments of $8m Community Group Flood Assistance Fund of $5m Cash donations of ~$2m to flood relief appeals $1bn set aside
Slide 11: Outlook
Outlook For personal use only Operating conditions remain challenging: Subdued credit growth Competitive pressures Elevated funding costs Nevertheless, cautiously optimistic about calendar 2011: Global outlook improving, albeit gradually Outlook for domestic economy positive Well pla
Slide 12: Media Presentation for the half year ended 31 December 2010
DETERMINED TO BE BETTER THAN WE’VE EVER BEEN. Media Presentation FOR THE HALF YEAR ENDED 31 DECEMBER 2010 Ralph Norris Chief Executive Officer For personal use only Results Presentation For the half year ended 31 December 2009 10 February Commonwealth Bank of Australia ACN 123 123 124 2010 9 FEBRUAR
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