Bnk Banking Corporation Limited · ASX:BBC
Bnk Banking — Shareholder Meeting (November 2019)
24 slides from Bnk Banking's shareholder meeting presentation, Nov 26, 2019
Slide 1: BNK AGM Presentation
BNK AGM PRESENTATION BNK BANKING CORPORATION LTD November 2019
Slide 2: Disclaimer
Disclaimer This presentation contains certain forward looking statements with respect to the financial condition, results of operations, business plans and objectives of management. All such forward‐looking statements involve known and unknown risks, significant uncertainties, assumptions, contingen
Slide 3: About Us
About Us BNK GROUP SNAPSHOT BNK Banking Corporation Ltd is listed on the Australian Securities Exchange (ASX:BBC) The group now really consist of two businesses operating under four brands; BNK, Goldfields Money, Better Choice in the banking and wholesale business, and Finsure in the aggregation bus
Slide 4: Optimising BNK Capabilities
Optimising BNK Capabilities Scale Solutions distribution – Capability BNK leverages a combination of mortgage models to optimise volume and Data smarts $ $$ margin simultaneously BNK Banking Corporation Three models working together, creating something we believe is “greater than the sum of our part
Slide 5: BNK has a multi-Channel Sales Distribution Model
BNK has a multi-Channel Sales Distribution Model BRINGING IT ALL TOGETHER $$$ $$ $ Direct Lending Better Choice Home Loans Wholesale Channel Broker Channel Channel Funded by BNK Funded by others Manufacturer (BNK Bank) Manufacturer (BNK Bank) Manufacturer (BNK Bank) Manufacturing Margin Wholesale (B
Slide 6: Our Vision – BNK Banking Group
Our Vision – BNK Banking Group BNK WILL COMBINE FLEXIBILITY AND SCALE TO CREATE AUSTRALIA’S MOST COMMERCIALLY AGILE BANKING GROUP BNK is the bank where real people work together to leverage our strengths so that we can help more customers achieve their financial goals. We retain the flexibility to r
Slide 7: Our Values and Our People Make the Difference
Our Values and Our People Make the Difference REAL PEOPLE WORKING TOGETHER TO LEVERAGE OUR STRENGTHS TO HELP MORE CUSTOMERS ACHIEVE THEIR FINANCIAL GOALS Trust Unity Work Hard Protect the trust we build with our We are in this together, even Successful people have a customers and each other. It is w
Slide 8: The BNK operating model
The BNK operating model TAKING ADVANTAGE OF GROUP EFFICIENCIES The two divisions of the group provide an alignment of distribution and product manufacturing that has benefited BNK through: • Increased profitability and broader product offering for both BNK and the Finsure maintains a large and propo
Slide 9: Key objectives
Key objectives Diversify revenue streams Further develop our “open API” platform Access to diversified revenue streams including aggregation, wholesale Our focus on building a new technology platform around open architecture and product offerings, and Finsure broker subscription fees accessible APIs
Slide 10: FY19 Highlights
FY19 HIGHLIGHTS
Slide 11: FY19 Full Year Financial Highlights
FY19 Full Year Financial Highlights POST MERGER SCALE AND OPERATING LEVERAGE DRIVING PROFITABLE GROWTH BNK is pleased to report its maiden statutory result of NPAT $3.6m in FY19, an improvement of $4m on the prior year, driven by post merger scale, market share gains and accelerating loan book growt
Slide 12: Q1FY20 Results
Q1FY20 Results
Slide 13: Banking & Wholesale
Banking & Wholesale Q1 FY20 • The Banking division is off to a strong start for the financial year, with the Bank following up record settlements of $33.5m in Q4FY19 with another record in Q1FY20 of $38.2m. • This brings the total ‘on balance sheet’ lending book to a record $244.7m. • Total Banking
Slide 14: Aggregation
Aggregation Q1 FY20 Finsure is off to a strong start for the financial year achieving record settlements of $3.5b. Finsure also closed the quarter off on a high by achieving record monthly settlements of $1.21b in Sept 19, 13% higher year on year. This brings the total aggregation loan book to $39.8
Slide 15: Infynity launch
Infynity launch AGGREGATION Q1 FY20 Sophisticated Marketing Solutions Integrated 3rd Party Solutions Launching in August 2019, our new proprietary Infynity CRM supersedes our current LoanKit CRM solution in all key areas and delivers a market-leading solution for Australian brokers. In recent years,
Slide 16: The Bank for Enterprising Australians
THE BANK FOR ENTERPRISING AUSTRALIANS
Slide 17: BNK will become the Bank for Enterprising Australians
BNK will become the Bank for Enterprising Australians SERVICING A LARGE AND EASILY IDENTIFIED YET UNDERSERVICED MARKET ✓ Highly identifiable ENTREPRENEURS who run their own businesses FREELANCE C O N T R A C T O R S OF THE 2.3M ACTIVELY TRADING AUSTRALIAN BUSINESSES 93.1% 2.15m GOOD INCOMES AND ASSE
Slide 18: Board of Directors
BOARD OF DIRECTORS
Slide 19: Board Of Directors – Jon Sutton
Board Of Directors Jon Sutton CHAIRMAN AND NON EXECUTIVE DIRECTOR Mr Jon Sutton is a successful senior executive with over 24 years’ experience in financial services including over eight years banking CEO experience. Jon was the CEO and Managing Director of the Bank of Queensland (BOQ) and retired i
Slide 20: Board Of Directors – John Kolenda
Board Of Directors John Kolenda EXECUTIVE DIRECTOR Mr Kolenda was appointed a Director on 13 March 2018. Mr Kolenda is the Managing Director of Finsure Group, and has extensive experience in the mortgage broking and aggregation sector. Finsure was ranked sixth in BRW Magazine’s Fast 100 List in 2016
Slide 21: Board Of Directors – Jon Denovan
Board Of Directors Jon Denovan NON EXECUTIVE DIRECTOR Jon is well known as a leading authority on regulation and compliance for the mortgage industry. In recognition of his contribution to the industry, Jon was made the first honorary member of the Mortgage & Finance Association of Australia (MFAA).
Slide 22: Corporate Overview
CORPORATE OVERVIEW
Slide 23: Corporate Overview
Corporate Overview AS AT 25 NOVEMBER 2019 BNK Banking Corporation Limited has ~82.4 million shares on issue, and a market capitalisation of ~$52m as of 25 November 2019. Top 10 Shareholders Capital Structure Shareholder # of Shares % of BBC Shares Class # of Securities BNK Banking Corporation Limite
Slide 24: Questions
QUESTIONS