National Australia Bank Limited · ASX:NAB
National Australia Bank — Debt Investor Presentation (May 2012)
17 slides from National Australia Bank's debt investor presentation, May 14, 2012
Slide 1: NAB Subordinated Notes Offer
For personal use only NAB Subordinated Notes Offer National Australia Bank Limited May 2012
Slide 2: Important Notice
Important Notice For personal use only This document has been prepared by National Australia Bank Limited ABN 12 004 044 937 (“NAB”) in relation to its proposed offer of NAB Subordinated Notes. An Offer Document in respect of the NAB Subordinated Notes was lodged with ASX on 14 May 2012. The Offer D
Slide 3: NAB Subordinated Notes – Key Features
NAB Subordinated Notes – Key Features For personal use only Simple, subordinated debt issue with a fixed Maturity Date of 18 June 2022 – NAB has the option of redeeming the NAB Subordinated Notes on 18 June 2017, subject to prior APRA approval (which may not be provided) Interest is payable quar
Slide 4: Differences from Term Deposits and National Income Securities
Differences from Term Deposits and National Income Securities For personal use only NAB Subordinated National Income Term Deposits Notes Securities Protection under the Australian Yes No No Government Financial Claims Scheme1 Term Varies from product to product but is 10 years2 Perpetual2 often betw
Slide 5: Ranking of Notes
Ranking of NAB Subordinated Notes For personal use only Higher Ranking Examples of existing NAB obligations Examples and securities1 Senior obligations Liabilities preferred by law and Liabilities in Australia in relation to protected secured debt accounts under the Banking Act (generally, savings a
Slide 6: Offer Summary
NAB Subordinated Notes – Offer Summary For personal use only Issuer • Offer by National Australia Bank Limited (“NAB”) of NAB Subordinated Notes Offer Size • $500 million, with the ability to raise more or less Purpose • The net proceeds of the Offer will be used for general corporate purposes Offer
Slide 7: Summary Terms
NAB Subordinated Notes – Summary Terms For personal use only Issue Price • $100 per NAB Subordinated Note Listing • NAB has applied for quotation of the NAB Subordinated Notes on ASX. It is expected that the NAB Subordinated Notes will be quoted under code “NABHB” Term & Maturity • NAB Subordinated
Slide 8: Summary Terms (Cont.)
NAB Subordinated Notes – Summary Terms (Cont.) For personal use only Interest Payment • Floating Interest Rate • Gross pay basis • Interest will be paid quarterly in arrears on 18 September, 18 December, 18 March and 18 June, as well as on the Maturity Date or any earlier redemption date, unless NAB
Slide 9: Summary Terms (Cont.)
NAB Subordinated Notes – Summary Terms (Cont.) For personal use only NAB redemption • NAB has the following rights to redeem the NAB Subordinated Notes before the rights Maturity Date: § All or some of the NAB Subordinated Notes, on 18 June 2017 or on any Interest Payment Date falling after that da
Slide 10: Key Dates for the Offer
Key Dates for the Offer1 For personal use only Date Record Date for Securityholder Offer 10 May 2012 Announcement of the NAB Subordinated Notes Offer 14 May 2012 Bookbuild 5.00pm (AEST) 18 May 2012 Announcement of Margin 21 May 2012 Offer Opens 21 May 2012 Securityholder and General Offers Close 8 J
Slide 11: Summary 1H12 Results
For personal use only Summary 1H12 Results
Slide 12: Group financial result
Group financial result Half year to For personal use only Mar 12 Sep 11 Mar 11 Change Change ($m) on Sep 11 on Mar 11 Net interest income 6,708 6,788 6,304 (1.2%) 6.4% Other operating income 2,400 2,007 2,495 19.6% (3.8%) (incl NAB Wealth) Net operating income 9,108 8,795 8,799 3.6% 3.5% Operating e
Slide 13: Asset quality and coverage ratios
Asset quality and coverage ratios 90+ DPD & impaired assets as a % of gross Categorised assets by balance For personal use only loans and acceptances by product ($bn) 2.0% 28,000 28 7.0% 90+DPD 24 24,000 6.0% 1.5% 20 20,000 5.0% 16 1.0% 16,000 4.0% 12 Impaired 12,0008 3.0% 0.5% 8,0004 2.0% 4,0000 1.
Slide 14: Strong Core Tier 1 (Basel II) capital position
Strong Core Tier 1 (Basel II) capital position (%) For personal use only Business Capital Generation = 56bps Total 0.83 (0.35) Tier 1 0.16 (0.08) 0.06 (0.07) (0.10) 10.17% 9.70% 9.19% 8.03 7.58 7.12 Mar 11 Sep 11 Cash Dividend Net RWA FCTR DTA Basel Non-Cash Mar 12 $24.6bn $25.8bn Earnings (net Redu
Slide 15: Estimated impacts of Basel III: March 2012
Estimated impacts of Basel III: March 2012 For personal use only (%) 0.66 1.04 (0.25) (0.04) (0.30) (0.07) 0.36 (0.15) 9.28 8.03 7.58 Basel III Investment EL>EP Credit Risk Deferred Dividend Other# Basel III WM NTAs, RWA Basel III Core Tier 1 in WM RWAs* Tax (net of DRP Core Tier 1 DTA, Equity Adjus
Slide 16: Funding and liquidity
Funding and liquidity Group Stable Funding Index (SFI) Term funding – tenor of issuance For personal use only 84% 85% 85% 72% 78% 20% 20% 20% 16% 19% 56% 59% 64% 65% 65% 4.7 4.8 4.1 4.2 Sep 08 Sep 09 Sep 10 Sep 11 Mar 12 Sep 10 Mar 11 Sep 11 Mar 12 Custom er Funding Index Term Funding Index Weighted
Slide 17: Key Contacts
Key Contacts For personal use only NAB Group Treasury Debt Capital Markets Eric Williamson Sarah Korman Nick Chaplin Group Treasurer Debt Investor Relations Director Phone: +61 (3) 8634 0256 Phone: +61 (3) 8634 2265 Phone: +61 (2) 9237 9518 Mobile: +61 (0) 404 879 292 E-mail: sarah.korman@nab.com.au
National Australia Bank — Debt Investor Presentation (May 2012) on 6ix