Commonwealth Bank Of Australia · ASX:CBA

Commonwealth Bank Of Australia — Q3 FY2019 Earnings Presentation

10 slides from Commonwealth Bank Of Australia's earnings presentation, May 13, 2019

  1. Slide 1: Supporting Material for the quarter ended 31 March 2019

    Commonwealth Bank Supporting Material For the quarter ended 31 March 2019 go ConmonwealthBank

  2. Slide 2: 3Q19 - Overview

    3Q19 - Overview ► Sound fundamentals in a challenging environment • Sustained volume growth in core markets • Balance sheet strength – Capital, Funding, NSFR, LCR ► Focus on improved customer outcomes • $714m in additional customer remediation • Better Customer Outcomes – lower fee income • Respondi

  3. Slide 3: Sound fundamentals in a challenging environment

    Sound fundamentals in a challenging environment Volume growth1 Capital Balance Sheet March 2019 vs December 2018 CET1 (%) (quarter annualised) Deposit Funding Wholesale funding Portfolio tenor, years 69% 5.2 2.8% 10.8% Interim dividend 68% 5.1 2.5% 0.8% 2.3% Pro-forma impact of Mar 18 Mar 19 Mar 18

  4. Slide 4: Focus on improved customer outcomes

    Focus on improved customer outcomes $m $m $m Cash NPAT Operating Expenses Operating Income Continuing operations 3Q vs 1H Avg (Unaudited) 3Q16 3Q17 3Q18 3Q19 Including Flat (2%)2 (4%) (4%) additional Ex notable items remediation +24% 2,435 6,204 (4%) (9%) 2,645 Non- Notable items interest 1,637 (10%

  5. Slide 5: Better Customer Outcomes

    Better Customer Outcomes Income foregone by date of initiative Examples $m RBS BPB WM 415 • Calculation of interest on credit cards   • Wealth Management – Protecting Your Super  • CFP – removal of ongoing service fees  Date of pricing 190 • Wealth Management – CFS repricing  change 275 • Overd

  6. Slide 6: Remediation update

    Remediation update • Additional $714m pre-tax in customer $m remediation including $334m in Aligned Advice1 Remediation and program costs remediation, $72m in other wealth customer Cumulative spend and provisions refunds; and $152m of banking customer Banking customers 2,174 refunds. 462 Wealth cust

  7. Slide 7: Responding to heightened regulatory requirements

    Responding to heightened regulatory requirements • Royal Commission – addressing recommendations and implementing the necessary changes • APRA – delivering all 156 milestones of the Remedial Action Plan, with updates to APRA by the Independent reviewer every 3 months. Delivering on APRA requirements

  8. Slide 8: Sound credit quality – some pockets of stress

    Sound credit quality – some pockets of stress $bn % $m TIA Consumer Arrears1 Collective Provisions 90+ days Provision Coverage3 Gross impaired Corporate troublesome Personal Loans 1.56% 1.03% 1.05% 1.40% 1.39% 1.44% 7.2 6.7 3,814 3,868 1.21% Home loans 1.28% 3.7 1.5 1.6 Credit Cards 1.07% $bn 0.98%

  9. Slide 9: Capital

    Capital bpts CET1 Pro-forma impact Estimated of announced CET1 uplift divestments Divestments summary1 (bpts) Ex Dividend +30 bpts +1.2% PTCL +7 BoComm Life +18 10.8% (80) 39 (6) (3) 10.3% CommInsure Life +38 Op Risk (6) CFSGAM +60 Market Risk (4) Total ~120 Credit Risk (1) IRRBB 5 Current RBNZ capi

  10. Slide 10: Notes

    Notes Disclaimer The material in this presentation is general background information about the Group and its activities current as at the date of the presentation, 13 May 2019. It is information given in summary form and does not purport to be complete. Information in this presentation is not intend

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