Bank Of Queensland Limited · ASX:BOQ
Bank Of Queensland — Shareholder Meeting (December 2012)
11 slides from Bank Of Queensland's shareholder meeting presentation, Dec 13, 2012
Slide 1: For personal use only
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Slide 2: Outline
OUTLINE For personal use only Macro trends Where we have come from The way forward Summary
Slide 3: Macro trends
Macro trends Cautious consumers saving more and paying down debt faster For personal use only Household Saving^ Mortgage Buffers* Per cent of household disposable income % Share of ahead-of-schedule borrowers, 2012 20% 35 30 15% 25 20 10% 15 5% 10 5 0% 0 Sep-1977 Sep-1979 Sep-1981 Sep-1983 Sep-198
Slide 4: Recap on 2012
Recap on 2012 Getting the fundamentals right For personal use only Capital raising New risk framework Loss announced but strong return to profitability in the second half New management team 5
Slide 5: Financial performance overview
Financial performance overview For personal use only 2011 2012 Normalised underlying profit before tax $447.4m $443.5m Normalised cash net profit (loss) after tax $176.6m $30.6m Statutory net profit (loss) after tax $158.7m ($17.1m) Ordinary dividend 54¢ 52¢ Retail deposit growth (pcp) 12% 10% Norma
Slide 6: Return to profitability
Return to profitability For personal use only Return to profitability in Normalised cash NPAT ($m) second half 119 Significant loan impairment 103 expense reduction in second half 57 1H11 2H11 1H12 2H12 (72) 7
Slide 7: Leadership team: Dec 2012
Leadership team: Dec 2012 For personal use only CEO and MD Stuart Grimshaw Group Group Executive Executive Group Corporate Chief Business General Chief Chief Executive Affairs, General Financial Chief Risk Banking, Manager Operating Information Retail & Investor Counsel Officer Officer Agribusiness
Slide 8: New strategic focus
New strategic focus For personal use only Branch focus on development of service and sales, incl. cross sales 1. Multi-channel Online, mobile & social media capability to be developed optimisation Call centre optimisation & selective use of brokers (by Mar 2013) Focus on higher margin, highe
Slide 9: Key management target progress
Key management target progress For personal use only Metrics FY13 target 1H13 progress BOQ asset growth - Retail 1.0x system - Business# 1.0x system Net Interest Margin Low-Mid 160s Expense growth < Inflation Cost to Income 45% Bad & Doubtful Debts to GLA 28-34bps Return on Tangible Equi
Slide 10: Summary
Summary We are getting the fundamentals right, which provides the opportunity for growth For personal use only Loan book is known and prudently provided for New strategy is in place to enhance competitive advantage Outlook is positive although macro risks affecting all banks remain 11
Slide 11: Annual General Meeting
For personal use only Annual General Meeting
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