Bank Of Queensland Limited · ASX:BOQ
Bank Of Queensland — Debt Investor Presentation (October 2020)
28 slides from Bank Of Queensland's debt investor presentation, Oct 26, 2020
Slide 1: Capital Notes 2 Offer
ibdroot\projects\IBD-HK\jaspers2020\661312_1\Investor presentation\Final\BOQ Investor Presentation vFinal.pptx For personal use only Capital Notes 2 Offer 26 October 2020 Bank of Queensland Limited ABN 32 009 656 740. AFSL No 244616.
Slide 2: Important Notice
ibdroot\projects\IBD-HK\jaspers2020\661312_1\Investor presentation\Final\BOQ Investor Presentation vFinal.pptx IMPORTANT NOTICE For personal use only Important Notice This presentation (Presentation) has been prepared by Bank of Queensland Limited ABN 32 009 656 740 (BOQ). This Presentation has been
Slide 3: Agenda
ibdroot\projects\IBD-HK\jaspers2020\661312_1\Investor presentation\Final\BOQ Investor Presentation vFinal.pptx AGENDA For personal use only SECTION 1 Offer Summary SECTION 2 About BOQ SECTION 3 Key Features of Capital Notes 2 SECTION 4 Offer Process Bank of Queensland Limited Capital Notes 2 Offer 2
Slide 4: Offer Summary
ibdroot\projects\IBD-HK\jaspers2020\661312_1\Investor presentation\Final\BOQ Investor Presentation vFinal.pptx For personal use only Offer Summary
Slide 5: Capital Notes Offer
ibdroot\projects\IBD-HK\jaspers2020\661312_1\Investor presentation\Final\BOQ Investor Presentation vFinal.pptx CAPITAL NOTES 2 OFFER For personal use only > Bank of Queensland Limited (BOQ) ‒ ASX100 index company Issuer ‒ Strong balance sheet with the majority of loans under management secured by re
Slide 6: About BOQ
ibdroot\projects\IBD-HK\jaspers2020\661312_1\Investor presentation\Final\BOQ Investor Presentation vFinal.pptx For personal use only About BOQ
Slide 7: BOQ: Unique brands in niche segments serving customers for 146 years
ibdroot\projects\IBD-HK\jaspers2020\661312_1\Investor presentation\Final\BOQ Investor Presentation vFinal.pptx BOQ UNIQUE BRANDS IN NICHE SEGMENTS SERVING CUSTOMERS FOR 146 YEARS For personal use only OUR DIFFERENTIATORS KEY STATISTICS FOR FY20 Unique brands with proud history Deeply anchored in
Slide 8: FY20 Results
ibdroot\projects\IBD-HK\jaspers2020\661312_1\Investor presentation\Final\BOQ Investor Presentation vFinal.pptx FY20 RESULTS LOWER STATUTORY PROFIT IN A STRATEGIC TRANSITION YEAR, FURTHER IMPACTED BY COVID-19 For personal use only Key financial results FY20 FY19 FY20 v FY19 $ million Statutory net pr
Slide 9: Key Elements of the Result
ibdroot\projects\IBD-HK\jaspers2020\661312_1\Investor presentation\Final\BOQ Investor Presentation vFinal.pptx KEY ELEMENTS OF THE RESULT LENDING MOMENTUM AND MARGIN MANAGEMENT DRIVING RESULT, IMPACTED BY COLLECTIVE PROVISION OVERLAY FOR COVID-19 For personal use only NII GROWTH ($M) NET INTEREST MA
Slide 10: Lending and Deposit Growth
ibdroot\projects\IBD-HK\jaspers2020\661312_1\Investor presentation\Final\BOQ Investor Presentation vFinal.pptx LENDING AND DEPOSIT GROWTH NICHE SEGMENT STRATEGY DELIVERING GROWTH For personal use only GROWTH IN CUSTOMER DEPOSITS ($M) GROWTH IN LENDING ($M) 2,334 1,462 1,103 250 937 1,537 827 1,135 2
Slide 11: Portfolio and Loan Impairment Expense
ibdroot\projects\IBD-HK\jaspers2020\661312_1\Investor presentation\Final\BOQ Investor Presentation vFinal.pptx PORTFOLIO AND LOAN IMPAIRMENT EXPENSE PRUDENT PROVISIONING LEVELS GIVEN ONGOING UNCERTAINTY For personal use only PROVISIONS ($M) +57% LOAN IMPAIRMENT EXPENSE ($M) 147 FY20 369 $175m 3 214
Slide 12: Portfolio Quality
ibdroot\projects\IBD-HK\jaspers2020\661312_1\Investor presentation\Final\BOQ Investor Presentation vFinal.pptx PORTFOLIO QUALITY ELEVATED ARREARS IN RESPONSE TO COVID-19 For personal use only SUMMARY COMMERCIAL ARREARS (bps) • Housing and commercial arrears increased during the half as 224 economic
Slide 13: Funding & Liquidity
ibdroot\projects\IBD-HK\jaspers2020\661312_1\Investor presentation\Final\BOQ Investor Presentation vFinal.pptx FUNDING & LIQUIDITY RESILIENT FUNDING & LIQUIDITY PROFILE WITH STRATEGIC OPTIONS TO GROW For personal use only SUMMARY FUNDING MIX ($BN) +1% • Strong customer deposit growth during FY20 50.
Slide 14: Capital
ibdroot\projects\IBD-HK\jaspers2020\661312_1\Investor presentation\Final\BOQ Investor Presentation vFinal.pptx CAPITAL GOOD CAPITAL POSITION WITH FLEXIBILITY TO ADAPT TO CHANGING CONDITIONS For personal use only CET1 1H20 VS 2H20 0.51% 0.08% 0.39% 9.91% 0.09% 0.09% 0.03% 0.04% 9.78% 43bps 1H20 2H20
Slide 15: Key Features of Capital Notes 2
ibdroot\projects\IBD-HK\jaspers2020\661312_1\Investor presentation\Final\BOQ Investor Presentation vFinal.pptx For personal use only Key Features of Capital Notes 2
Slide 16: Summary
ibdroot\projects\IBD-HK\jaspers2020\661312_1\Investor presentation\Final\BOQ Investor Presentation vFinal.pptx SUMMARY For personal use only Issuer > Bank of Queensland Limited (BOQ) Offer > Fully paid, subordinated, perpetual, unsecured, non-cumulative, mandatorily convertible notes (Capital Notes
Slide 17: Ranking of Capital Notes in a Winding Up
ibdroot\projects\IBD-HK\jaspers2020\661312_1\Investor presentation\Final\BOQ Investor Presentation vFinal.pptx RANKING OF CAPITAL NOTES 2 IN A WINDING UP For personal use only Type Illustrative Examples Liabilities in Australia in relation to protected accounts (generally Higher Preferred and secure
Slide 18: Distributions
ibdroot\projects\IBD-HK\jaspers2020\661312_1\Investor presentation\Final\BOQ Investor Presentation vFinal.pptx DISTRIBUTIONS For personal use only > Distributions are floating rate, quarterly, discretionary, non-cumulative payments subject to no Payment Condition existing > Distributions are expecte
Slide 19: Optional Conversion, Redemption or Resale
ibdroot\projects\IBD-HK\jaspers2020\661312_1\Investor presentation\Final\BOQ Investor Presentation vFinal.pptx OPTIONAL CONVERSION, REDEMPTION OR RESALE For personal use only > Subject to prior written approval by APRA, BOQ may elect to: Conversion, ‒ Convert, Redeem or Resell all or some Capital No
Slide 20: Mandatory Conversion
ibdroot\projects\IBD-HK\jaspers2020\661312_1\Investor presentation\Final\BOQ Investor Presentation vFinal.pptx MANDATORY CONVERSION For personal use only SCHEDULED OVERVIEW > On 15 May 2029, subject to satisfaction of the Mandatory Conversion Conditions illustrated below, BOQ must Convert all (but n
Slide 21: Loss Absorption Conversion
ibdroot\projects\IBD-HK\jaspers2020\661312_1\Investor presentation\Final\BOQ Investor Presentation vFinal.pptx LOSS ABSORPTION CONVERSION For personal use only Loss Absorption > A Loss Absorption Event is each of a Common Equity Capital Trigger Event or a Non-Viability Trigger Event Event Common Equ
Slide 22: BOQ Loss Absorption and Capital Position
ibdroot\projects\IBD-HK\jaspers2020\661312_1\Investor presentation\Final\BOQ Investor Presentation vFinal.pptx BOQ LOSS ABSORPTION AND CAPITAL POSITION For personal use only BOQ CET1 LOSS ABSORPTION BOQ ACTIONS TO STRENGTHEN CAPITAL LEVELS BOQ may implement a number of capital actions to strengthen
Slide 23: Comparison of Investments in BOQ
ibdroot\projects\IBD-HK\jaspers2020\661312_1\Investor presentation\Final\BOQ Investor Presentation vFinal.pptx COMPARISON OF INVESTMENTS IN BOQ For personal use only Standard Term Deposit Capital Notes 1 Capital Notes 2 Ordinary Shares Issuer > BOQ > BOQ > BOQ > BOQ Legal Form > Bank Deposit > Unsec
Slide 24: Key Risks Associated with an Investment in Capital Notes
ibdroot\projects\IBD-HK\jaspers2020\661312_1\Investor presentation\Final\BOQ Investor Presentation vFinal.pptx KEY RISKS ASSOCIATED WITH AN INVESTMENT IN CAPITAL NOTES 2 For personal use only > Capital Notes 2 are not deposit liabilities of BOQ, are not protected accounts under the Banking Act, and
Slide 25: Offer Process
ibdroot\projects\IBD-HK\jaspers2020\661312_1\Investor presentation\Final\BOQ Investor Presentation vFinal.pptx For personal use only Offer Process
Slide 26: Offer Structure
ibdroot\projects\IBD-HK\jaspers2020\661312_1\Investor presentation\Final\BOQ Investor Presentation vFinal.pptx OFFER STRUCTURE For personal use only Institutional Offer > Offer to certain institutional investors Broker Firm Offer > Offer to Australian resident retail and high net worth clients of Sy
Slide 27: Key Dates
ibdroot\projects\IBD-HK\jaspers2020\661312_1\Investor presentation\Final\BOQ Investor Presentation vFinal.pptx KEY DATES¹ For personal use only KEY DATES FOR THE OFFER DATE Record Date for determining Eligible Securityholders for Securityholder Offer 7:00pm2, 23 October 2020 Lodgement of the origina
Slide 28: Key Contacts
ibdroot\projects\IBD-HK\jaspers2020\661312_1\Investor presentation\Final\BOQ Investor Presentation vFinal.pptx KEY CONTACTS For personal use only Issuer Joint Lead Managers Tim Ledingham, Group Treasurer Tariq Holdich Bank of Queensland Limited ANZ Securities +61 7 3212 3342 +61 2 8037 0167 James Sh
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