Bank Of Queensland Limited · ASX:BOQ
Bank Of Queensland — Investor Presentation (November 2012)
27 slides from Bank Of Queensland's investor presentation, Nov 7, 2012
Slide 1: Convertible Preference Share Offer
For personal use only Click Bank to edit Master title style of Queensland Convertible Preference Share Offer Click to edit 7 November 2012 Master subtitle style
Slide 2: Important notices
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS Important notices 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 pr
Slide 3: CPS Offer
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS CPS Offer For personal use only ► Bank of Queensland Limited (“BOQ”) today announced an offer of Convertible Preference Shares (“CPS”) ► BOQ intends to raise approximately $200 million through
Slide 4: PEPS Reinvestment Offer
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS PEPS Reinvestment Offer For personal use only ► As part of the Offer, existing PEPS Holders as at 9 November 2012 have the opportunity to exchange their PEPS for CPS ► PEPS Holders that elect t
Slide 5: BOQ Overview
For personal use only Click to edit Master title style BOQ Overview Click to edit Master subtitle style
Slide 6: Overview of BOQ
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS Overview of BOQ For personal use only BOQ Distribution Presence BOQ is a full service financial institution Listed on ASX, regulated by APRA as an ADI Currently ranks among the top 100 co
Slide 7: BOQ business model
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS BOQ business model For personal use only BOQ Finance Banking – Retail BOQ Finance is an established provider of equipment BOQ Retail Banking provides banking and insurance and debtor financ
Slide 8: Group Executive structure
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS Group Executive structure For personal use only CEO & MD Stuart Grimshaw Chief Financial Group Executive Group Executive Chief Operating Chief Risk Officer Group Executive Group Executive Offic
Slide 9: FY12 result summary
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS FY12 result summary For personal use only Normalised cash NPAT ($m) 2011 2012 119 Normalised underlying profit before tax $447.4m $443.5m 1% 103 Normalised cash net profit (loss) after tax $176
Slide 10: Provision coverage remains strong
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS Provision coverage remains strong For personal use only Collective Provision v Peers (bps/RWA) 1.20% 1.00% 90bps/RWA 0.80% 0.60% 0.40% 0.20% 0.00% BOQ Major 1 Major 2 Major 3 Major 4 Regional 1
Slide 11: Deposit growth
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS Deposit growth For personal use only Strong retail deposit growth of $2b (1.0x system) Funding Mix (%) Focus on term deposits over online savings $35.3b $36.3b $37.9b Good success in new
Slide 12: Liquidity and wholesale funding
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS Liquidity and wholesale funding For personal use only Continued strong levels of liquidity, increased at year end for October maturity Reduced reliance on wholesale funding due to success i
Slide 13: Common Equity Tier 1 Ratio
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS Common Equity Tier 1 Ratio For personal use only ► Estimated 8.6% Common Equity Tier 1 Ratio as at 31 August 2012 (Basel III) Implied capital buffer ► Significantly strengthened capital positio
Slide 14: Strategic focus
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS Strategic focus For personal use only Branch focus on development of service and sales, incl. cross sales 1. Multi-channel Online, mobile & social media capability to be developed optimisat
Slide 15: CPS Offer
For personal use only Click to edit Master title style CPS Offer Click to edit Master subtitle style
Slide 16: Comparison to other recent Tier 1 hybrids
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS Comparison to other recent Tier 1 hybrids For personal use only BOQ CPS BEN CPS SUN CPS2 CBA PERLS VI IAG CPS Legal form ►Preference share ►Preference share ►Preference share ►Perpetual note ►P
Slide 17: Dividends
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS Dividends For personal use only ► Dividends on CPS are preferred, discretionary, non-cumulative payments based on a floating rate ►Dividends ► Dividends on CPS are expected to be fully franked
Slide 18: Optional Conversion/Redemption
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS Optional Conversion/Redemption For personal use only ► Subject to APRA's prior written approval and provided certain conditions are satisfied, BOQ may elect to: – Convert or Redeem all or some
Slide 19: Mandatory Conversion
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS Mandatory Conversion For personal use only ► On the Mandatory Conversion Date, CPS Holders will receive $101.011 worth of Ordinary Shares2 per CPS, unless CPS have otherwise been Converted or R
Slide 20: Capital and Non-Viability Trigger Events
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS Capital and Non-Viability Trigger Events For personal use only ► A Capital Trigger Event will occur if at any time BOQ's ratio of Common Equity Tier 1 Capital (before 1 January 2013, ►Capital T
Slide 21: Ranking of CPS
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS Ranking of CPS1 For personal use only Type Illustrative examples Higher ranking ► Preferred and secured debt ► Liabilities in Australia in relation to protected accounts (generally savings acco
Slide 22: Key risks associated with an investment in CPS
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS Key risks associated with an investment in CPS For personal use only ► The price at which CPS Holders are able to sell CPS on ASX is uncertain ► There may be no liquid market for CPS and that m
Slide 23: Offer structure
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS Offer structure For personal use only ►Institutional Offer ► Offer to certain Institutional Investors ► Offer to Australian or New Zealand resident retail and high net worth clients of Syndicat
Slide 24: Key dates for the Offer
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS Key dates for the Offer For personal use only Key dates for the Offer Date Lodgement of the original Prospectus with ASIC ►7 November 2012 Record date for determining Eligible Shareholders for
Slide 25: Key dates for PEPS Holders
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS Key dates for PEPS Holders For personal use only Key dates for PEPS Holders Date PEPS Record Date for determining Eligible PEPS Holders for Reinvestment Offer ►7:00pm 9 November 2012 (relevant
Slide 26: Contact details
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS Contact details For personal use only Issuer Anthony Rose Chief Financial Officer +61 7 3212 3373 Bank of Queensland Limited Tim Ledingham Treasurer +61 7 3212 3342 Structuring Adviser and Join
Slide 27: For personal use only
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS For personal use only 24
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