Westpac Banking Corporation · ASX:WBC
Westpac Banking — Shareholder Meeting (December 2013)
18 slides from Westpac Banking's shareholder meeting presentation, Dec 13, 2013
Slide 1: 2013 Annual General Meeting
For personal use only 2013ANNUAL GENERAL MEETING 13 DECEMBER 2013 Westpac Group 2013 Annual General Meeting | December 2013
Slide 2: Lindsay Maxsted, Chairman
For personal use only 2013 ANNUAL GENERAL MEETING LINDSAY MAXSTED CHAIRMAN Westpac Group 2013 Annual General Meeting | December 2013
Slide 3: Strong earnings performance
Strong earnings performance For personal use only Cash Earnings ($m) 7,097 6,598 6,301 5,879 4,675 4 year compound average growth rate 11% FY09 FY10 FY11 FY12 FY13 Westpac Group 2013 Annual General Meeting | December 2013 3
Slide 4: Strong balance sheet
Strong balance sheet For personal use only Common equity tier 1 ratio1 (%) Customer deposit to loan ratio (%) Liquid assets ($bn) 126 71.4 9.1 67.6 110 8.2 62.5 103 7.4 58.7 7.1 82 Sep-10 Sep-11 Sep-12 Sep-13 Sep-10 Sep-11 Sep-12 Sep-13 Sep-10 Sep-11 Sep-12 Sep-13 1 Figures prior to Sep-13 are pro f
Slide 5: Positive shareholder returns
Positive shareholder returns For personal use only Dividends (cents per share) Total Shareholder Return Indexed (30 Sept 2012 =100) 160 Westpac Special dividends 20 150 S&PASX200 Index 174 166 140 156 130 139 120 116 110 100 90 Sep-12 Jan-13 Feb-13 Jun-13 Aug-13 Sep-13 Mar-13 Jul-13 Apr-13 Oct-12 No
Slide 6: Gail Kelly, Chief Executive Officer
For personal use only 2013 ANNUAL GENERAL MEETING GAIL KELLY CHIEF EXECUTIVE OFFICER Westpac Group 2013 Annual General Meeting | December 2013
Slide 7: High quality, consistent performance
High quality, consistent performance For personal use only Change FY13 FY12 – FY13 Reported NPAT $6,816m 14% Cash Earnings $7,097m 8% Cash EPS1 228.9c 6% Return on equity2 16.0% 51bps Common equity tier 1 ratio 9.1% 94bps3 Full year ordinary fully franked dividends 174c 5% Total special fully franke
Slide 8: Strong earnings across all operating divisions
Strong earnings across all operating divisions For personal use only FY13 Cash Change Earnings ($m) FY12 – FY13 Australian Financial Services $4,478 12% Westpac Institutional Bank $1,635 11% Westpac New Zealand1 $6341 16% Westpac Pacific $143 34% Group Businesses $207 (Large) 1 Westpac NZ Cash earni
Slide 9: A clear strategic direction
A clear strategic direction For personal use only Our To be one of the world’s greatest companies, helping our customers, Vision communities and people to prosper and grow 1 Remain strong 2 Targeted growth Strategic 3 Customer relationships Priorities 4 Materially simplify 5 One team Delighting Our
Slide 10: Strength
Strength For personal use only Return on assets1 (%) Return on equity2 (%) 1.18 1.15 1.14 1.09 16.1 16.0 16.0 15.5 FY10 FY11 FY12 FY13 FY10 FY11 FY12 FY13 1 Return on assets is Cash Earnings divided by average interest-earning assets. 2 Return on equity is Cash Earnings divided by average ordinary e
Slide 11: Growth in targeted areas
Growth in targeted areas For personal use only Customer deposits ($bn) FUA and FUM ($bn) 383 Funds under administration (FUA) 348 310 Funds under management (FUM) 104 89 86 78 68 50 FY11 FY12 FY13 FY11 FY12 FY13 Bank of Melbourne market share1 (%) WIB trade volumes ($bn) 4.2 Asia 5.9 3.2 3.5 Austral
Slide 12: Customer focus
Customer focus For personal use only AFS MyBank1 customers (‘000) Wealth penetration2 (%) Lead Institutional Bank 21.4% 1,743 1,668 18.9% 1,619 15.6% 14.8% 13.7% Lead Relationship Westpac RBB St.George Bank in Australia3 Peers 1, 2 & 3 Apr-10 Apr-11 Apr-12 Apr-13 Oct-10 Oct-11 Oct-12 Oct-13 FY11 FY1
Slide 13: Productivity – Australia's most efficient bank
Productivity – Australia’s most efficient bank For personal use only Lowest expense to income of peers (%) 2013 simplification examples Reduction in the number of AFS products 14% previously ‘for sale’ 44.8 45.0 44.0 St.George home loans approved at first 60% interview, up from 5% 40.9 Increase in n
Slide 14: A leader in sustainability
A leader in sustainability For personal use only Women in leadership Employee engagement Indigenous empowerment 42% 87% 423 weeks Up from 35% in 2010 Up from 84% last year Time contributed by employees through Jawun1 Environmental footprint Community investment2 Affordable housing Carbon neutral $13
Slide 15: A leader in sustainability
A leader in sustainability For personal use only Westpac Group 2013 Annual General Meeting | December 2013 15
Slide 16: A significant change for customers is underway
A significant change for customers is underway For personal use only Online/ Mobile Branches Active digital customers (% of total) 40.7 37.3 38.5 FY11 FY12 FY13 Westpac Group 2013 Annual General Meeting | December 2013 16
Slide 17: The strength we've built today is helping us lead tomorrow
For personal use only THE STRENGTH WE’VE BUILT TODAY … …IS HELPING US LEAD TOMORROW. STRENGTH RETURN GROWTH PRODUCTIVITY Westpac Group 2013 Annual General Meeting | December 2013 17
Slide 18: Disclaimer
Disclaimer For personal use only The material contained in this presentation is intended to be general background information on Westpac Banking Corporation and its activities. The information is supplied in summary form and is therefore not necessarily complete. Also, it is not intended that it be
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