Kina Securities Ltd. · ASX:KSL
Kina Securities — TIP Group's Melbourne Conference (October 2025)
28 slides from Kina Securities's conference presentation, Oct 21, 2025
Slide 1: TIP Group's Melbourne Conference
For personal use only T I P G R O U P’ S M E L B OU R N E C O NF E R E NC E Ivan Vidovich – CEO & Managing Director 21 October 2025 1
Slide 2: Disclaimer
Disclaimer You must read this notice before reading or making any use of this document or any information contained in this document. By accepting this document, you agree to the following terms and conditions, including any modifications to them. Disclaimer of liability: All information contained i
Slide 3: Kina Bank – Overview
Kina Bank – Overview. Kina Securities Limited (Kina Bank) was established in For personal use only 1985 and is now Papua New Guinea's second largest commercial bank and leading diversified financial services company. Kina Bank offers customers end-to-end financial solutions – from savings accounts t
Slide 4: A Year Of Milestones
A Year Of Milestones. For personal use only • 2025 marks Kina Bank’s 40th Anniversary, which coincides with Papua New Guinea’s 50th Independence Anniversary. • Kina Bank has grown into a dynamic force in Papua New Guinea’s banking sector, driving nation-building while strengthening competition. • No
Slide 5: Celebrating years in PNG
Celebrating 40 years in PNG. For personal use only 5
Slide 6: Kina Bank & Our Market Context
Kina Bank & Our Market Context. Economic Outlook For personal use only • Solid economic growth in 2025 projected at 4.7%. • Historically high Gold prices with major mines in operation (Lihir, Porgera, Ok Tedi). • Strong growth from cocoa, coffee and oil palm. • Government fiscal consolidation on tra
Slide 7: PNG's growth is underpinned by solid financial sector foundations
PNG’s growth is • Sound, highly-regulated financial system • financial sector assets ~ 70% of total GDP underpinned by • Increased commercial banking competition For personal use only • Robust superannuation sector solid financial • Capital markets development • PNG companies leading way in Pacific:
Slide 8: PNG Economy. Solid economic outlook in medium-term
PNG Economy. Solid economic outlook in medium-term Fast-growing economy For personal use only • A$55b GDP forecast in 2025 6.5% Strategic economic location • South-east Asia to the North, Indonesia to the East and Australia to the South 4.5% Non-Resource sector dominated by coffee, cocoa, palm oil a
Slide 9: Board of Directors
Board of Directors. For personal use only Ian Clough Ivan Vidovich Dr. Jane Thomason Paul Hutchinson Andrew Carriline Non-Executive Director Chief Executive Officer & Managing Non-Executive Director Non-Executive Director Non-Executive Director and Chairman of The Director Chair of the Remuneration
Slide 10: Executive Management
Executive Management. For personal use only Johnson Kalo Rayna Heckenberg Rina Antonio-Jang John Polinelli Aman Shandil Chief Financial Officer & Chief Risk Officer Chief Operating Officer Chief Investment & Strategy Chief Information officer Company Secretary (Commencing 10 November 2025) Officer R
Slide 11: 2020-2025 Strategy
2020-2025 Strategy. For personal use only Vision. Our Vision is to be the most dynamic, progressive and accessible financial services organisation in the Pan Pacific region. Our Values. Purpose. Our defining purpose is to constantly improve the prosperity of the people, communities, and markets that
Slide 12: KSL's 2030 Strategy Development
KSL’s 2030 Strategy Development. For personal use only Fostering organic Expanding wealth Strategic M&A Optimised capital growth: management services: initiatives: planning: In PNG’s banking sector by To complement banking Emphasising income Ensuring financial resources are prioritising customer exp
Slide 13: Kina Bank snapshot (1H, 2025)
300,000 16% 18 For personal use only Customers Loan book Number of approx. growth vs PCP branches Kina Bank 15% 37% snapshot (1H, Digital revenue growth vs PCP FX revenue growth vs PCP 2025). 17% 14% 736 Market share Market share Number of lending deposits staff 13
Slide 14: Total Shareholder Return
Total Shareholder Return. Dividend per Share Statutory Earnings per Share Total Shareholder Return (TSR) For personal use only +19% +36% 20.0 12.6 156% 10.6 16.2 9.7 14.7 +13% +30% 98% 90% 38% 4.5 6.6 7.1 4.0 4.0 5.5 49% 11% 66% 60% 38% Jun23 HY Jun24 HY Jun25 HY 1 Year 3 Years 7 Years Jun23 HY Jun2
Slide 15: 1H FY 2025 Financial Highlights
1H FY 2025 Financial Highlights. HY2025 HY2024 Movement For personal use only Revenue (PGK m) 251.0 227.5 10% Underlying NPAT (PGK m) 57.7 49.7 16% Stat. NPAT (PGK m) 57.7 42.2 37% Stat. Cost to income ratio (%) 59.2 64.8* -560 bps Stat. ROE ratio (%) 17.1 13.2 390 bps Interim Dividend (AUD cents) 4
Slide 16: Market Share gains continue
Market Share gains continue. • Strong loan growth in the half, up Deposits Lending For personal use only 16% on PCP, driven by commercial Tota l S yste m Deposit (S ource BPNG) 14.0% and home lending Tota l S yste m Len ding (Sou rce BP NG ) 16.9% 17.0% Kina Depo sit B ook Kina Lo an Book Kina Depo
Slide 17: Loan book +16%. Net Interest Margin up
Loan book +16%. Net Interest Margin up. NIM up 30 bps driven by: For personal use only 120.0 7.0% • Improved yield rates on Treasury Bills 5.9% 5.5% 5.6% 6.0% • Competitive pricing on wholesale 100.0 deposits to support growth in the loan book 5.0% Nominal increase in loan portfolio 80.0 • returns r
Slide 18: FX Revenue + 37%
FX Revenue + 37%. • FX volumes performed strongly For personal use only driven by increased FX inflow from higher commodity prices 50.9 • Going forward, growth may moderate, as BPNG evolves its intervention practices in favour of interbank market activity which began in June 37.0 32.0 • Half yearly
Slide 19: Digital Revenue +15%
Digital Revenue +15%. • Digital Revenue growth from solid For personal use only transactional volumes in merchant Merchant fees VISA Fees Mobile Banking fees Internet Banking fees and visa fees. 2 • This growth will be supported in 3 2H by additional merchant 1 terminal deployment and digital 2 prod
Slide 20: Kina Wealth – strong growth, small base
Kina Wealth – strong growth, small base. • FuM increased 19%, FuM revenue Fund under Management (FuM) For personal use only Fund under Administration (FuA) up 24%, margin expansion driven by Retail Wealth Management. 1000 16.0 FuA (PGK'bn) Retail Wealth (PGK'bn) Member ('000) 21.9 • FuA up 13%, Memb
Slide 21: Operation Costs
Operation Costs. +0.8% For personal use only Statutory operating +0.8% on PCP: • Administrative costs includes 160.0 3.7 1.6 148.6 147.4 9.4 merchant and visa charges which 3.2 grew inline with digital revenues 140.0 13.55* 133.9 120.0 • Corporate office relocation resulting in temporary occupancy 1
Slide 22: Asset Quality
Asset Quality. 8.1% 7.7% 7.7% For personal use only • Loan portfolio continues to 6.5% 6.6% demonstrate strong quality, 5.9% prudent lending and robust risk assessment • Proactive provision management is expected to deliver continued asset quality improvements. 2.2% 2.3% 2.1% 1.8% 1.5% 1.1% 0.3% 0.4
Slide 23: Capital Adequacy
Capital Adequacy. For personal use only Capital Adequacy: T1 + T2 • Capital adequacy ratios remain BPNG minimum total risk based capital healthy and robust in line with BPNG’s Well Capitalised 20.8% classification 19.3% 17.3% • As a growing bank we continue to make efficient use of our capital base
Slide 24: Corporate Tax
Corporate Tax. • In December of 2024, the PNG Government announced a decrease in Corporate Income Tax on For personal use only Commercial Bank profits under PGK300m from 45% in FY24 to 40% for FY25 and 35% for FY26 onwards. • KSL expects its blended tax rate, reflecting banking and non-banking incom
Slide 25: Sustainable Communities
Sustainable Communities. Employee-led community engagement, enhancing our For personal use only commitment to the markets we serve. • Strongim Komuniti Grant (SKG) program: Kina Bank team members participated in 5 projects across provincial PNG in 2025: • School desks for Pinu Primary School and Hol
Slide 26: Culture
Culture. Culture as a catalyst for growth, aligned with strategy. For personal use only • All employee Town Hall & People Leader Conferences, focused on customer experience, culture & recognition for long serving team members Chairman, Ian Clough, speaking at the all-employees Town Hall this year, 2
Slide 27: Summary & Close
Summary & Close. For personal use only • Continued market share gains across lending and deposits, as Kina delivers on its strategy, delivering market leading solutions in-line with customer needs • Growth in non-interest income, as Kina aligns growth and capital optimisation initiatives • Investmen
Slide 28: Thank you
For personal use only 28 Thank you.
Kina Securities — TIP Group's Melbourne Conference (October 2025) on 6ix