Liberty Financial Group Ltd · ASX:LFG
Liberty Financial — Shareholder Meeting (October 2023)
18 slides from Liberty Financial's shareholder meeting presentation, Oct 25, 2023
Slide 1: Liberty Group 2023 AGM Chair's Address and CEO's Address
25 October 2023 Markets Announcement Office ASX Limited LIBERTY GROUP 2023 AGM CHAIR’S ADDRESS AND CEO’S ADDRESS In accordance with ASX listing rule 3.13.3, Liberty Group (ASX: LFG) attaches the following documents to be presented at the 2023 Annual General Meeting (Meeting) being held at 2.00pm tod
Slide 2: Chair Address
Liberty Group 2023 AGM – Chair’s Address and CEO’s Address | 2 Chair Address The year ended 30 June 2023 for the Liberty Group has been one of sound results given the economic and competitive environment, and the challenges faced by our customers in absorbing higher interest rates and costs of livin
Slide 3: CEO Address: FY23 and 1Q24 Highlights
Liberty Group 2023 AGM – Chair’s Address and CEO’s Address | 3 Our new asset originations were relatively steady at $5.4b, down 2% on the prior corresponding period, noting FY22 was a record origination year. Our impaired loans increased by 31% up to $198m. We continued to invest in our team, in our
Slide 4: Loan Origination and Portfolio 1Q24
Liberty Group 2023 AGM – Chair’s Address and CEO’s Address | 4 In our Residential business loan origination this quarter was better than the prior quarter which marks two quarters of growth following 3 quarters of decline. As a Group we generated higher originations in the first quarter of FY24 comp
Slide 5: Liberty Financial Group Annual General Meeting October 2023
Liberty Financial Group Annual General Meeting For personal use only 25 October 2023
Slide 6: Agenda
Agenda 01 Introduction For personal use only 02 Chair Address 03 CEO Address 04 Formal Business 05 Questions 06 Closing Remarks |2
Slide 7: Introduction
For personal use only 01 Introduction
Slide 8: Chair Address
For personal use only 02 Chair Address
Slide 9: CEO Address
For personal use only 03 CEO Address
Slide 10: FY23 Operating Highlights
FY23 Operating Highlights For personal use only Average financial assets New assets originated Impaired loans $13.2b ($12.6b) $5.4b ($5.6b) $198m ($152m) +5% (2%) +31% FTE Staff Broker NPS Customer NPS 546 (524) 82 (81) 59 (64) +4% +1% (8%) |6 *Balances represent: FY23 (FY22) change between the peri
Slide 11: FY23 Financial Highlights
FY23 Financial Highlights For personal use only % Underlying NPATA Net revenue NIM $187m ($231m) $610m ($635m) 2.76% (3.08%) (19%) (4%) (32bps) BDD Cost to income Distribution 13bps (0bps) 26.6% (22.7%) 45bps (49bps) +13bps +390bps (8%) |7 *Balances represent: FY23 (FY22) change between the periods
Slide 12: 1Q24 Highlights
1Q24 Highlights For personal use only Continued portfolio growth through diversification % NIM consistent with flat cost of funds & maintaining yield Continued sound underlying performance Continued origination momentum with flat Residential One new ABS deal of $1B Stable headcount and operating cos
Slide 13: Loan Origination 1Q24
Loan Origination 1Q24 For personal use only Residential ($'m) Secured ($'m) $964 $543 $548 $476 $707 $732 Increase in new residential loan Stable new commercial and asset origination as demand for credit finance origination following strong improves with stabilising interest recent growth rates 1Q23
Slide 14: Loan Portfolio 1Q24
Loan Portfolio 1Q24 For personal use only Residential ($'m) Secured ($'m) $8,568 $4,998 $8,093 $7,989 $4,732 $3,980 Continued growth in commercial Stabilising portfolio as recent and asset finance loan portfolios higher than trend discharges begin consistent with stable new to ease originations 1Q23
Slide 15: Outlook
Outlook For personal use only Economic indicators support subdued credit growth Refinances continue with fixed rate maturity & inflation Ongoing need for bespoke customer support % NIM driven by cost of funds environmental volatility Upward inflationary pressure on operating expenses Customer demand
Slide 16: Thank you for joining us
For personal use only Thank you for joining us | 12
Slide 17: Appendix
For personal use only | 13 Appendix
Slide 18: Disclaimer
Disclaimer The information provided in this presentation and any information supplied in connection with this No offer of securities For personal use only presentation (“Presentation”) has been prepared by Liberty Financial Group Limited (ACN 125 611 574) This Presentation is not, and does not const
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