Commonwealth Bank Of Australia · ASX:CBA
Commonwealth Bank Of Australia — Non-Deal Roadshow (March 2006)
20 slides from Commonwealth Bank Of Australia's roadshow presentation, Mar 6, 2006
Slide 1: Presentation for March 2006 Roadshow
Presentation for March 2006 Roadshow New York & London Ralph Norris Chief Executive Officer March 2006 ConmonweaithBark
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, 6 March 2006. It is information given in summary form and does not purport to be complete. It is not intended to be relied upon as advice to i
Slide 3: Agenda
Agenda Overview 2 Interim Results # Priorities Outlook Questions ConmonwealthBak
Slide 4: CBA at a glance
CBA at a glance # Established in 1911 — Central Bank until 1959 2 Market capitalisation A$56.9 bn — Top 5 listed company # Total Assets A$351.2 bn as at 31 December 2005 # 35,000 employees # Largest Australian retail banking operations with over 8 million customers # Over 1,000 branches, 3,800 agenc
Slide 5: Highlights - consistent growth
Highlights - consistent growth Cash NPAT 4,000 5 3,000 i Banking PA 2,000 “Funds Management 4,000 Insurance 0 2001 2002 2003 2004 2005 2006 1H Dividend # Second Half « First Half Cents 2001 2002 2003 2004 2005
Slide 6: Interim Result Highlights
Interim Result Highlights Cash NPAT Cash EPS (excl HK) 149.5cps © 13% Dividend 94¢ - ; 11% Which new Bank benefits $506m ’ 68% ConmonwealthBak
Slide 7: Good half year result
Good half year result v v Expenses ov Provisions v Tax vv a : Cash EPS vv Cash Banking Funds Insurance S/H WnB Cash Cash NPAT Mgt investment Profit pre NPAT Jun 05 returns HK Dec 05 Cash EPS Cash EPS ——— ——— 132.7 3% 149.5 Conmonweaith5ank
Slide 8: Highlights - market position
Highlights - market position Home Loans NZ Lending Credit Cards Funds Mgt. — Aust. Retail Transaction Services (corporate) Transaction Services (commercial) Personal Lending NZ Deposits Equities Trading (CommSec) Retail Deposits Business Lending Aust.Life Insurance (total risk) NSN 8 NNR NNN KK {1)
Slide 9: Highlights - productivity
Highlights - productivity Expense ratios () WnB 54.7% Target a oO On CAGR = 5.7% A AT.2% 0) @ “enema Eb ACRES 48% - CAGR = 8.4% (4) ~F Insurance 42% 40.5% ° 0.87% Funds ° CAGR = 6.8% » PENS o.74% Mot 0.73%'?) Jun 03 Dec 05 On a cash basis ® Expense to income © Expense to average funds under administ
Slide 10: Highlights - underlying profit by business
Highlights - underlying profit by business Jun 05 Dec 04 $M $M Banking 1,509 1,404 Funds Management 181 170 Insurance 89 67 Total AIFRS 1,779 1,641 AIFRS Impact 23 23 Underlying AGAAP equivalent () 1,802 1,664 “) 7% growth Dec 05 vs June 05 15% growth Dec 05 vs Dec 04
Slide 11: Banking - underlying profit
Banking - underlying profit 13% underlying profit " : O, . growth on pcp Underlying profit up 5% since June 05 216 (46) 59) 1,589 a aoe e Margin maintained in competitive market » Strong growth in net interest income . . Dec Jun NIL Other Expenses BDD Tax& Dec » Cost to income ratio 04 05 income OEl
Slide 12: Banking - margins
Banking - margins maintained Half year average NIM (bp) 246bp Jun 05 AIFRS Dec 05 AIFRS Half year average NIM (bp) (1bp) 1bp (3bp) 244bp 241bp ee T T Jun05 Funding AIFRS Mix Asset Other Mix Dec 05 AIFRS ©) includes negative 2bps impact from increase in liquid assets and net negative 1bp for pricing
Slide 13: Funds Management
Funds Management » Underlying profit before tax up Underlying profit after tax « +22% vs Dec 04 er a+7% vs Jun 05 sn 10s » After tax profit affected by loss of transitional tax relief » Funds under administration grew 11% to $137bn Positive net fund flow and improving performance Dec 04 Jun 05 Opera
Slide 14: Insurance Results - total
Insurance Results - total Underlying profit : » +54% on Dec 04 » +16% on Jun 05 « After adjusting for sale of HK, operating income up 8% on prior half « Largest life insurer in Australia and New Zealand Underlying profit up 16% since June 05 89 (1) RES Dec Jun . . Dec 04 05 Australia NZ Asia 05 Conm
Slide 15: Capital ratios
Capital ratios 11% 4 10% 9% 8% T% 6% 5% 4% 3% 2% 1% 0% Dec 2004 Jun 2005 Dec 2005 * Adjusted Common Equity % Tier one capital & Tier two capital Target Range ConmonwealthBak
Slide 16: Which new Bank
Which new Bank » Financial targets are being exceeded » CommSee deployment and technical training complete * CommWay delivering faster processes » Customer satisfaction not yet acceptable
Slide 17: Which new Bank - Benefits
Which new Bank - Benefits 2004/05 $724m {target was $620m) a 423 2003/04 $237m 174 Dec 03 Jun 04 Dec 04 Jun 05 Dec 05 © Cost Saving ® Revenue Benefit ConmonwealthBak
Slide 18: CEO Priorities
CEO Priorities # Customer Service : Business Banking « Technology a Trust & Team Spirit *» Superior operating and financial results ConmonwealthBak
Slide 19: 2006 outlook
2006 outlook « Global Economy Economic growth expected to remain solid Oil prices and rate of growth in China will influence domestic economy = Domestic Economy Business credit growth strong Consumer credit growth moderated, particularly housing Credit quality, employment and business confidence str
Slide 20: Presentation for March 2006 Roadshow
Presentation for March 2006 Roadshow New York & London Ralph Norris Chief Executive Officer ConmonweaithBark
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