Bsp Financial Group Ltd. · ASX:BFL
Bsp Financial — Investor Presentation (August 2025)
27 slides from Bsp Financial's investor presentation, Aug 22, 2025
Slide 1: Half Year Results 2025 Investor Presentation
Half Year Results 2025 Investor Presentation 22 AUGUST 2025
Slide 2: Important information
Important information NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, the right to take any action, whether in or out of the ordinary course of as a result of any omission, inadequacy or inaccuracy herein. Only IN OR INTO THE UNITED STATES business, which the Company in its sole discret
Slide 3: Contents
Design edits required – image on RHS, table/formatting for contents points Contents Overview 4 Financial Results 10 Strategy & Outlook 19 Appendices 24 BSP Financial Group Limited BSP Classification: External Confidential 3 3
Slide 4: Overview
Overview Mark T. Robinson, Group Chief Executive Officer BSP Financial Group Limited BSP Classification: External Confidential
Slide 5: Leading bank of the South Pacific
Leading bank of MARKET PROVEN TRACK RECORD OF the South Pacific LEADER PROFITABILITY AND RETURNS Largest bank in the South Pacific, • Largest bank in PNG with significant • Consistent earnings underpinned by market share across key segments. diversified revenue streams, disciplined risk operating in
Slide 6: Result Highlights
Result Highlights 9.8% 9.8% K0.50/share Revenue Statutory NPAT Interim Dividend, up 11.1% from 1H24 23.6% 25.4% 12.9% Annualised Return on Capital Adequacy Ratio, Customer Accounts; 3.2m Equity 13.4 %pts over regulatory active accounts at 1H25 minimum Design edit: - Please update to fresh photo BSP
Slide 7: Our market
Our market BSP continues to grow and innovate in an increasingly competitive and rapidly evolving environment MARKET ENVIRONMENT BSP’S FOCUS Robust domestic consumption activity in 1H25 due to an uplift in export performance Attract, develop and retain top talent Proactive promotion of building clim
Slide 8: A leader in the South Pacific
A leader in the South Pacific BSP’s NPAT and balance sheet are materially larger than other South Pacific banks. STATUTORY NPAT [FY24, A$M] NET LENDING [FY24, A$M] TOTAL ASSETS [FY24, A$M] 6,028 13,755 Total regional banks Total regional banks BSP 416 47% 50% = A$12,725m = A$27,413m 1,913 4,598 1,30
Slide 9: Building a world class bank
Building a world class bank Operational highlights The Strategic shifts are STRATEGIC PILLARS supported by four key enablers: Revitalise People Better Serve Underbanked Data & Digital Drive Prosperity Technology & Recent initiatives: Business Bank Operations FX ONLINE CONCIERGE APP Corporate and Gov
Slide 10: Financial Results
Financial Results Glen Skarott, Group Chief Financial Officer BSP Financial Group Limited BSP Classification: External Confidential
Slide 11: Strong operating performance in 1H25
Strong operating performance in 1H25 Solid growth in revenue and earnings PGK [millions] 1H-24 1H-25 CHANGE AUD3 [millions] 1H-24 1H-25 CHANGE Revenue 1,459 1,602 9.8% Revenue 586 621 5.9% ˗ Net interest income 982 1,017 3.6% ˗ Net interest income 394 394 (0.1%) ˗ FX income 259 320 23.6% ˗ FX income
Slide 12: Total income & Operating profit
Total income & Operating profit Steady growth of the Group’s operating profit, while making significant investments to modernise the business TOTAL INCOME PGK [millions] OPERATING PROFIT PGK [millions] K1,602m 1,602 K921m 53 +9.8% 212 +4.7% vs 1H24 vs 1H24 921 320 -628 -53 1,017 Net interest income
Slide 13: Operating expenses
Operating expenses Cost to income (CTI) ratio in line with expectations PGK [millions] 1H-24 1H-25 CHANGE Employment costs 269 308 14.5% • Employment, Non-salary technology, and Administration and other costs 110 146 32.7% Administration costs increased due to the Modernising for Growth (MFG) progra
Slide 14: Credit quality
Credit quality Improved credit quality due to prudent management and normalization of delinquency rates CREDIT IMPAIRMENT EXPENSES DELINQUENCY RATES GROSS IMPAIRED ASSETS 90+ days, as a percentage of total loans -20% +14.5% -11.8% 84 79 693 67 3.64% 3.57% 605 611 2.80% PGK PGK millions A$33m A$34m A
Slide 15: Balance sheet
Balance sheet The balance sheet remains robust with continued growth in deposits GROSS LOANS TOTAL ASSETS +2.1% +3.9% 17.2 17.6 37.4 38.9 15.6 35.1 A$6.5b A$14.5b PGK PGK billions billions Jun-23 Jun-24 Jun-25 Jun-23 Jun-24 Jun-25 DEPOSITS DEPOSITS MIX +2.4% +7.3% +1.9% 3.0 3.2 28.4 30.0 30.7 3.0 25
Slide 16: Loan book composition
Loan book composition Loan portfolio remains resilient, with strong growth in Retail • Business Loans reflects a slight reduction in the portfolio driven by subdued market conditions. Strong Corporate pipeline to support future growth. lending • Retail Mortgages rose by 37% on the previous correspon
Slide 17: Key ratios
Key ratios Our business fundamentals remain strong RETURN ON EQUITY [ANNUALI SED] COST TO INCOME CAPITAL ADEQUACY +280bps +70bps +140bps 23.6% 38.5% 39.7% 42.5% 22.9% 25.4% 20.0% 22.5% 24.0% 12% 1 1 2 Jun-23 Jun-24 Jun-25 Jun-23 Jun-24 Jun-25 Jun-23 Jun-24 Jun-25 1 36.5% excluding net provision rele
Slide 18: Shareholder distributions
Shareholder distributions Interim dividend increased by 11.1% EARNINGS PER SHARE AND INTERIM DIVIDENDS TOTAL SHAREHOLDER RETURN (TSR 1 ) 371% 1.23 1.11 192% 0.91 0.50 136% 0.45 0.37 67% 57% 179% 12% 45% 69% Earnings per share [K] Interim dividend per share [K] 1 Year 5 Year 10 Year 1H-23 1H-24 1H-25
Slide 19: Strategy & Outlook
Strategy & Outlook Mark T. Robinson, Group Chief Executive Officer
Slide 20: Building a better future
Building a better future Caring for our customers and community OUR VISION The South Pacific’s International Bank OUR PURPOSE Championing Prosperity for the South Pacific OUR STRATEGIC PRIORITIES Better serve Simplify and enhance our Invest in digital and Attract, develop and our customers processes
Slide 21: Strong growth in our digital channels
Strong growth in our digital channels Digital banking transactions grew 16.6% over pcp EFTPOS [MI LLIONS] INTERNET BANKING [MI LLI ONS] +20.2% +52.9% 37.9 39.2 31.0 32.6 28.0 7.8 6.2 3.8 4.4 5.1 Jun-23 Dec-23 Jun-24 Dec-24 Jun-25 Jun-23 Dec-23 Jun-24 Dec-24 Jun-25 ATM [MI LLIONS] MOBILE BANKING [MI
Slide 22: BSP Wantok Wallet
CASE STUDY BSP Wantok Wallet Digital innovation to expand financial inclusion to the underbanked and unbanked . In February 2025, we launched Wantok Wallet in PNG. This everyday, easy-to-use product allows the unbanked and underbanked to access BSP services, sending and receiving money anywhere in P
Slide 23: Summary & Close
Summary & Close STRONG GROWTH FUNDAMENTALS • More customers are choosing to bank with us • We remain the market leader in our region • We are driving success through modernization and innovation ROBUST BALANCE • Our business has strong momentum as we invest for growth SHEET • We are focused on our c
Slide 24: Appendices
Appendices
Slide 25: Our History
Our History Over 100 years old 1974 2006 May 2021 2003 NAB incorporates Entered Fiji market via ASX listing Lists on acquisition of Habib Bank 2015/ 16 as “BSP” the PNGX Acquires WBC’s (ASX:BFL) 2007 operations in Solomon 1957 1993 Islands, Cook Islands, Entered Solomon Islands Established as NAB se
Slide 26: Board of Directors
Board of Directors ROBERT G. BRADSHAW, LLB MARK T. ROBINSON PATRICIA TAUREKA-SERUVATU FRANK BOURAGA IAN TARUTIA Chairman, Non-Executive Director Group Chief Executive Officer and LLB, MACID CPA, MACID OBE, FAICD, FPNGID Managing Director Non-Executive Director Non-Executive Director Non-Executive Di
Slide 27: Executive Team
Executive Team PETER BESWICK GLEN SKAROTT NUNI KULU Deputy Group Chief Group Chief Financial Group Chief Operating Executive Officer Officer Officer VANDHNA BEN WAVELL- ROHAN GEORGE DANIEL FAUNT RONESH DAYAL NARAYAN SMITH Group General Manager Group General Manager Group General Manager Group Chief
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