Westpac Banking Corporation · ASX:WBC
Westpac Banking — Shareholder Meeting (December 2003)
25 slides from Westpac Banking's shareholder meeting presentation, Dec 11, 2003
Slide 1: Annual General Meeting - Chairman
AIfestpac Australia’s First Bank Annual General Meeting Leon Davis Chairman 11. December 2003.
Slide 2: Financial highlights
Financial highlights _ Profit Cash earnings per share — | $2,183m 124,5¢ . ca Se Boh 8 ite) ~ = ct S a8 | | | a) 3 S 3 3 g 3 3 3 3 oa o oO .. o o ao iJ o oO Oo al N N N N ™ N N N N | Cents per share Impact of significant items in 2002 2003 Annual General Meeting
Slide 3: Dividends
Dividends ‘Dividends RK | 1994 1995 1996 1997 1998 | Cents per share i | ~-1999 2000 2001 -78¢ 2002 2003. 2003 Annual General Meeting
Slide 4: All businesses contributing
All businesses contributing Profitt _ Prpotin | Growth 2002 — 2003 | - : Contribution ~ . : | Business & Consumer _ Banking 54% | BT | E 6% Institutional Bank 17% | NZ Barking. L~| 13%. $m — 1 | : : 1% 0 “500 1000 1500 / 0 20° 40 60 @ 2003 02002 / ‘ Excluding significant items estpac Aw 2003 Annual
Slide 5: Efficiency and asset quality
Efficiency and asset quality | Expense to income _ Net impaired assets to equity | and general provisions 604 3.5 2.9 204 mH I) MT I 404 % ~ 1999 2000 2001 2002 2003 % 1999 2000 2001 2002 2003 estpac 5 2003 Annual General Meeting
Slide 6: Repute
Repute estpac 2003 Annual General Meeting ‘Austreila’s Pitst Bank:
Slide 7: Share performance
Share performance Total shareholder return on $1,000 invested on 1 October 1998 $2,400 5 $2,200 - $2,121 — Westpac $2,000° §~— All Ordinaries $1,800 5 $1,600 - $1,537 $1,400 - $1,200 - $1,000 T T T T 1 1 Oct 98 1 Oct 99 1 Oct 00 1 Oct 01 1 Oct 02 30 Sep 03 estpac ¥ ‘Austreila’s Pitst Bank: 2003 Annu
Slide 8: Annual General Meeting - Chief Executive Officer
AIfestpac Australia’s First Bank Annual General Meeting _ David Morgan Chief Executive Officer 11.December.2003
Slide 9: In a great service organisation the customer only has to ask once
In a great service organisation the | customer only has to ask once. estpac ‘Austreila’s Pitst Bank: 2003 Annual General Meeting
Slide 10: calc THINS
calc THINS epee 10 2003 Annual General Meeting
Slide 11: Vision and mission
Vision and mission Vision ‘To be a great Australasian company’ A great place to work A superior customer experience First quartile shareholder returns A good corporate citizen Mission ‘To be at the forefront for service in our industry by September 2005.’ eetpae 2003 Annual General Meeting
Slide 12: The service-profit chain
The service-profit chain Service-profit chain einplnyee GaP eieitdig het Meahe estpac 2003 Annual General Meeting
Slide 13: Annual General Meeting December 2003
AIfestpac Australia’s First Bank Annual General Meeting — 11. December 2003.
Slide 14: Item 1: Financial reports
Item 1: Financial reports estpac 2003 Annual General Meeting
Slide 15: Item 2. Election of Directors
Item 2. Election of Directors ¢ Helen Lynch * Carolyn Hewson ¢ Peter Wilson estpac 2008 Annual General Meeting
Slide 16: Resolution 2(a): Election of Ms H.A. Lynch
Resolution 2(a): Election of Ms H.A. Lynch Votes directed in favour 789,969,933 Votes directed against 14,266,854 Undirected votes at disposal of the Board 68,090,370 Undirected votes at disposal of other people 1,873,508 Total votes available 874,200,665 Abstain 7,825,908 Note: These figures relate
Slide 17: Resolution 2(b): Election of Ms C.J. Hewson
Resolution 2(b): Election of Ms C.J. Hewson Votes directed in favour 793,922,963 Votes directed against 13,860,063 Undirected votes at disposal of the Board 68,037,439 Undirected votes at disposal of other people 1,882,483 Total votes available 877,702,948 Abstain 4 324 359 Note: These figures relat
Slide 18: Resolution 2(c): Election of Mr P.D. Wilson
Resolution 2(c): Election of Mr P.D. Wilson Votes directed in favour 790,071,302 Votes directed against 17,092,283 Undirected votes at disposal of the Board 68 385,652 Undirected votes at disposal of other people 1,896,672 Total votes available 877 445,909 Abstain 4,530,299 Note: These figures relat
Slide 19: Item 3: Grant of securities to Chief Executive Officer
Item 3: Grant of securities to Chief Executive Officer ¢ The grant of performance options and performance rights; ¢ The allotment of a maximum of 3,568,834 fully paid ordinary shares; and * To give effect to the Chief Executive Securities Agreement 2003. 2003 Annual General Meeting
Slide 20: Resolution 3: Grant of securities to Chief Executive Officer
Resolution 3: Grant of securities to Chief Executive Officer Votes directed in favour 751,055,178 Votes directed against 55,126,605 Undirected votes at disposal of the Board 55,058,670 Undirected votes at disposal of other people 1,876,155 Total votes available 863,116,608 Abstain 7,123,885 Note: Th
Slide 21: Item 4: Non-executive Directors' Remuneration
Item 4: Non-executive Directors’ Remuneration ¢ Increase in the yearly maximum sum available to the Non-executive Directors from $1.5 million to $2.5 million. estpac 2003 Annual General Meeting
Slide 22: Resolution 4: Non-executive Directors' Remuneration
Resolution 4: Non-executive Directors’ Remuneration Votes directed in favour 734,533,503 Votes directed against 70,084,434 Undirected votes at disposal of the Board 54,330,283 Undirected votes at disposal of other people 1,815,409 Total votes available 860,763,629 Abstain 9,419,425 Note: These figur
Slide 23: Item 5: The Westpac Foundation: Indemnity for Trustees
Item 5: The Westpac Foundation: Indemnity for Trustees * Grant an indemnity to each Director and former Director of Westpac who, at Westpac’s request, holds office as a trustee of the Westpac Foundation from time to time. 2003 Annual General Meeting
Slide 24: Resolution 5: The Westpac Foundation: Indemnity for Trustees
Resolution 5: The Westpac Foundation: Indemnity for Trustees Votes directed in favour 790,501,456 Votes directed against 9,133,854 Undirected votes at disposal of the Board 54,422,031 Undirected votes at disposal of other people 1,895,029 Total votes available 855,952,370 Abstain 9,639 646 Note: The
Slide 25: Disclaimer
Disclaimer The material contained in this presentation is intended to be general background information on Westpac Banking Corporation and its activities. The information is supplied in summary form and is therefore not necessarily complete. Also, it is not intended that it be relied upon as advice
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