Mystate Limited · ASX:MYS
Mystate — Shareholder Meeting (October 2015)
12 slides from Mystate's shareholder meeting presentation, Oct 21, 2015
Slide 1: MyState Limited Annual General Meeting
ASX Code: MYS For personal use only 21 October 2015 MyState Limited Annual General Meeting 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 in
Slide 2: Company Profile
For personal use only Company Profile Profile Company Company Profile MyState Limited (MYS), a non-operating MyState holding Limited (MYS), Company, is holding a non-operating a diversified financial Company, is aservices group diversified listedservices group listed financial on the ASX and provide
Slide 3: FY2015 results
2015 FY2015 Results 2014 2015 (Statutory) 2015 (Underlying) Change (Underlying v 2014) results Revenue ($m) 119.3 125.1 119.5 0.2% ! For personal use only Net profit after tax ($m) 29.6 32.5 29.7 0.3% ! Net interest margin (%) 2.43 2.28 2.28 -15bps " Cost-to-income ratio (%) 64.5 62.7 64.3 20bps " C
Slide 4: Continued focus on strategic priorities
ConKnued Continued Growth in our • Record settlements – up 75% on prior year. focus on revenue drivers • Restored loan book growth of 16.3% (at 2.3x focus on strategic GROW system). strategic For personal use only prioriKes priorities SIMPLIFY Simplifying processes for third party and • Successfully
Slide 5: Loan book growth accelerated through the year
Loan book Gross loans and advances growth 16.3% accelerated $3,544m For personal use only through the 0.5% 0.4% year $3,033m $3,047m Settlements reached $1 billion for the first time in the Group’s history 2013 2014 2015 Continued acceleration in settlements with 2H 2015 FY15 settlements up 75% o
Slide 6: Retail deposit share increased; growth exceeds system
For personal use only system growth of retail 2H 2015 share of deposits increased exceeds system growth 1Q 2016 deposit growth acceleration HS 0% 4% 8% 12% 16% HS BC -15% -10% -5% 0% 5% 10% 15% 20% 25% BC B M Ci ank Ba tig ro EC nk up U W B Lim M C EC ite U Te Te ac he CB ac d rs A M he Vi ut NA rs
Slide 7: Strong credit quality and conditions
Strong credit Bad and doubtful debts charge quality and $ Millions 28.8% conditions For personal use only 1.627 reflected in 47.4% continued 0.852 29.1% decline in bad 0.602 and doubtful debts 2013 2014 2015 30+ day arrears well below peers 90+ day arrears tracking at 35% of regional banks’ avera
Slide 8: Delivering on strategy to further diversify the loan book
Delivering on June 2014 home loan book our strategy to further For personal use only 0.1% diversify the $2.3M 16.2% $468.6M loan book 2.2% $61.9M 0.7% and achieve 19.2M 8.3% $234.1M lower June 2015 home loan book geographic 5.7% $161.1M concentration 66.8% $1,890.5M 0.1% $2.6M 16.4% Increasing diver
Slide 9: Wealth continued to deliver consistent, stable returns
Wealth Modest growth in FUM and FUA Funds Under Management Funds Under Advice continued $ Millions $1,773 $1,799 $1,693 to deliver For personal use only 766 782 $2,310 734 $2,163 consistent, stable returns 959 1,007 0.4% 1,017 2013 2014 2015 Core wealth income steady Increase in open estates $ Mill
Slide 10: Employee Connectivity and Customer Engagement both increased
Employee Employee Connectivity Score Customer Engagement Index 2014 2015 Connectivity 90% 90% and 80% For personal use only 85% 70% Customer 60% 80% Engagement 50% 75% 40% both 30% 70% increased 20% 65% 10% 0% 60% MyState The Rock TPT Group Bank Analysis of the Employee Connectivity Customer Engagem
Slide 11: MyState in the community
MyState in the community For personal use only MyState is committed to being a pillar of the local communities in which we live and work The MyState Foundation donated $106,000 in grants to 14 organisations across Tasmania in FY2015 Sponsorships include the MyState Wooden Boat Festival, MyState Stud
Slide 12: Summary and outlook
stained Summary and outlook owth… For personal use only Founda,ons for sustained growth Well positioned for • Clear vision, strategy and commitment to execu,on the future • Restored third party rela,onships and systems and sales culture Strong balance sheet and • Record sehlements and loan book grow