Bank Of Queensland Limited · ASX:BOQ
Bank Of Queensland — Shareholder Meeting (December 2019)
13 slides from Bank Of Queensland's shareholder meeting presentation, Dec 10, 2019
Slide 1: 2019 AGM Presentation
100 Skyring Terrace NEWSTEAD QLD 4006 2019 AGM PRESENTATION Tuesday, 10 December 2019, Brisbane: The presentation slides for the Bank of Queensland Limited (BOQ) 2019 Annual General Meeting are enclosed. Authorised for release by: George Frazis, Managing Director and CEO
Slide 2: 2019 Annual General Meeting
2019 ANNUAL GENERAL MEETING 10 December 2019
Slide 3: Important notice and disclaimer
This is a presentation of general background information about Bank of Queensland Limited’s (BOQ’s) activities at the date of this document. It is in summary form and does not purport to be complete. It should be read in conjunction with BOQ’s other periodic and continuous disclosure announcements.
Slide 4: Chairman's Address
CHAIRMAN’S ADDRESS CHAIRMAN
Slide 5: Disappointing results; decisive action required to transform
> Disappointing results in a challenging operating environment > Decisive action required to transform > Strategic and productivity review underway to return to profitable growth > Strong platform to build on 4
Slide 6: Customer-led purpose, modernising technology and digital platforms
> Embed customer led purpose and culture > Invest in modernising technology infrastructure and digital platforms > Transformation will take time; FY20 will be a difficult year > Accountability for achieving better outcomes for all stakeholders 5
Slide 7: Managing Director & CEO's Address
MANAGING DIRECTOR & CEO’S ADDRESS MANAGING DIRECTOR & CEO
Slide 8: FY19 financial results summary
FY19 FY19 v FY18 2H19 2H19 v 1H19 Statutory net profit after tax(1) $298m (11%) $142m (9%) Cash earnings after tax $320m (14%) $153m (8%) Cash return on average equity 8.3% (160bps) 7.8% (100bps) Common Equity Tier 1 ratio 9.04% (27bps) 9.04% (22bps) Cash earnings per share 79.6c (16%) 37.8c (10%) D
Slide 9: Collective Provision expense
Collective Provision expense 8
Slide 10: Platform for differentiation and areas of focus
> Solid platform for differentiation > Retail Bank performance > Growth in niche business segments > Lending processes > Virgin Money Australia momentum > Rising cost structure > Sound underlying asset quality > Digital and data platforms > Solid balance sheet > Skills and capability build > People
Slide 11: Strategic priorities: return to profitable and sustainable growth
01 Return to profitable and > > Optimise revenue and margin Improve lending processes and grow volumes sustainable growth > Lift distribution performance > Profitably grow target customer segments 02 Embed our purpose-led, > > High quality appointments to key executive positions Inclusive leadership
Slide 12: Virgin Money Australia momentum and digital bank build
> Building on the strong momentum of VMA > Successful completion of stage 1 digital bank proof Eco-system of concept; Now planning full build and Rewarding of offerings experience implementation > Investing in long term value creation; move towards a common cloud based platform Beautifully simple Fr
Slide 13: FY20 outlook and transformation strategy update
FY19 performance disappointing Decisive action being taken to improve our performance We anticipate lower year on year cash earnings in FY20 > FY20 will be another tough year as we transition > Revenue & impairments broadly in line with FY19, subject to market conditions > Costs growing due to regul
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