Commonwealth Bank Of Australia · ASX:CBA

Commonwealth Bank Of Australia — H1 2007 Earnings Presentation

15 slides from Commonwealth Bank Of Australia's earnings presentation, Feb 14, 2007

  1. Slide 1: Media Presentation of 2007 Interim Profit Announcement

    Media Presentation of 2007 Interim Profit Announcement For the Half Year ended 31 December 2006 14 February 2007 Ralph Norris CHIEF EXECUTIVE OFFICER Commonwealth Bank of Australia ACN 132 123 124

  2. Slide 2: Disclaimer

    Disclaimer The material that follows is a presentation of general background information about the Bank’s activities current at the date of the presentation, 14 February 2007. It is information given in summary form and does not purport to be complete. It is not intended to be relied upon as advice

  3. Slide 3: Agenda

    Agenda „ Ralph Norris, CEO – Results & Company Update „ Questions and Answers 3

  4. Slide 4: Overview

    Overview „ Good result driven by focus on profitable growth „ All businesses performing well „ Credit quality remains excellent „ Significant progress on 4 strategic initiatives „ Momentum in business – both strategic & earnings 4

  5. Slide 5: Strong Financial Results

    Strong Financial Results Dec 06 vs Dec 06 Dec 05 Cash NPAT* 2,271 19% Cash EPS* 174.7 17% Return on Equity – Cash 22.3% 60bpts Income 6,438 11% Expense 3,144 6% Fully Franked Dividend 107c 14% * Excludes profit on sale of Hong Kong in December 05 5

  6. Slide 6: All Brands Performing Strongly

    All Brands Performing Strongly Banking Funds Mgt Insurance 6

  7. Slide 7: CEO Priorities & Measures

    CEO Priorities & Measures „ Customer Service „ Business Banking „ Technology & Operational Excellence „ Trust & Team Spirit Î Superior operating and financial results Î Australia’s finest financial services organisation 7

  8. Slide 8: Customer Service improves

    Customer Service improves Roy Morgan Research 90% (% of MFI Customers Satisfied) ƒ 4000 leaders trained in Cohen Brown sales and service 80% methodology 70% ƒ Increased investment in branch network 60% Jun 05 Dec 05 Jun 06 Dec 06 ƒ 800 new customer facing roles AC Neilsen (% of MFI Customers Satisfi

  9. Slide 9: Business Banking making good progress

    Business Banking making good progress Business Finance Monitor: SME (% of MFI Customers Satisfied) ƒ Recruitment & training of new 100% in branch Business Bankers 90% commenced 80% 70% ƒ First new Business Banking Centre opened (8 additional 60% planned by July 2007) 50% Jun 04 Dec 04 Jun 05 Dec 05

  10. Slide 10: Local Business Banking website

    Local Business Banking website 10

  11. Slide 11: Technology & Operational Excellence

    Technology & Operational Excellence IT Efficiency Ratio* ƒ Implemented new shared (Rolling 2 month average since Jun 06) services approach to Enterprise IT 21% FY05 Average ƒ $64 million of annualised savings 20% locked in in first half 19% ƒ $23m reduction in consultant and contractor spend 18% ƒ Z

  12. Slide 12: Trust & Team Spirit improving

    Trust & Team Spirit improving LTIFR 15 ƒ Improved internal staff engagement scores 12.3 ƒ Improvements in key people 11.2 metrics days 10.4 10 – LTIFR 9 – Staff turnover 8 7.6 ƒ Building pride through strong community engagement and 5 Sep 05 Dec 05 Sep 06 Dec 06 Jun 06 Mar 06 involvement of our peop

  13. Slide 13: Asian growth continues

    Asian growth continues China 11% Jinan City Commercial Bank 19.9% Hangzhou City Commercial Bank Beijing and Shanghai – Representative offices China Life CMG – JV life insurance First State Cinda Fund Management Company Japan Branch Hong Kong Branch First State Investments Vietnam Representative offi

  14. Slide 14: Outlook

    Outlook „ Domestic economy expected to support double digit system credit growth „ Earnings momentum maintained into second half „ Strategic initiatives continuing to deliver „ Financial market to remain competitive - committed to profitable growth „ Outlook for earnings growth and credit quality re

  15. Slide 15: Media Presentation of 2007 Interim Profit Announcement

    Media Presentation of 2007 Interim Profit Announcement For the Half Year ended 31 December 2006 14 February 2007 Ralph Norris CHIEF EXECUTIVE OFFICER Commonwealth Bank of Australia ACN 132 123 124 15

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