Firstrand — Corporate Update (November 2023)

5 slides from Firstrand's corporate update, Nov 20, 2023

Slide 1: Pre-close investor update
Pre-close investor update 20 November 2023
Slide 2: Guidance provided for full year to June 2024 still intact
2 Guidance provided for full year to June 2024 still intact Extract from year-end results presentation: • ROE will remain at upper end of range • Growth in earnings expected to land within the group’s long-term target band of real GDP plus CPI plus >0% to 3%
Slide 3: Performances of client franchises tracking in line with expectations
3 Performances of client franchises tracking in line with expectations • Group credit loss ratio (CLR) lower than guided – not expected to reach mid-point of through-the-cycle CLR target range • FNB • Continued growth in retail volumes and customers, however: • Retail advances growth in secured and
Slide 4: Tale of two halves – base impacts in first half
4 Tale of two halves – base impacts in first half • Private equity realisation, partly offset by Ghana sovereign debt default impact – net benefit of c. R300 million in 1H23 which won’t be repeated in 1H24 • Cost growth for H1 will be higher than guided for the full year • Absolute value of opex wil
Slide 5: www.firstrand.co.za
wwwfirstrand.co.za FirstRand