Kiwibank Ltd. · NZX:KWBHB
Kiwibank — FY2021 Earnings Presentation
11 slides from Kiwibank's earnings presentation, 2021
Slide 1: Kiwibank Full Year Results
e Kiwibank Full Year Results. As at 30 June 2021 1
Slide 2: Kiwibank's founding vision
Kiwibank's founding vision was for New Zealand to have a real, relevant and credible alternative to the offshore- owned banks. That remains at the heart of who we are and why we exist. 2
Slide 3: Strong asset growth whilst maintaining cost discipline
Strong asset growth whilst maintaining cost discipline Key focus areas • Growth in operating income was driven by a buoyant residential market and increased exposure to business customers (total net asset growth $2.9b). This was combined with higher NIM as a result of narrowing funding spreads. $2.9
Slide 4: Social, environmental and cultural highlights of the year
Social, environmental and cultural highlights of the year 5,144 PEOPLE WON CANSTAR AWARDS FOR: BECAME A CERTIFIED B CORP* 127 CUSTOMERS RELEASED OUR HAVE RECEIVED DIGITAL OVER 7,500 CREDIT CARD AND HOME MEETING THE HIGHEST HAVE PUT A VOLUNTARY EDUCATION FROM OUR CUSTOMERS HELPED WITH RESPONSIBLE BUS
Slide 5: Profit underpinned by strong lending growth and unwinding of COVID-19 provisions
Profit underpinned by strong lending growth and unwinding of COVID-19 related provisions Reported Profit after Tax ($m) 126 Key focus areas 115 108 • Kiwibank has benefitted from the better than expected 46 71 performance of the New Zealand economy. Economic 73 growth, employment and house prices ar
Slide 6: Change in reported net profit between FY20 to FY21
Change in reported net profit between FY20 to FY21 Border closures and travel restrictions heavily impacting Increased investment in Release of COVID-19 provisions in Strong lending growth coupled international spend and one-off technology & strategic response to economy with higher net interest mar
Slide 7: More Kiwi backing Kiwibank
More Kiwi backing Kiwibank Key focus areas Lending Growth (%) • Kiwibank has outperformed the market for 14% 13.3% 45% 40% the last three years in both lending and 12% 11.6% 35% deposit growth. Cumulative growth 10% 8.9% Annual growth 8% 30% • Growth of $1.8b (9%) in customer deposits 6.8% 25% 6% 5.
Slide 8: Capital ratios are comfortably above regulatory minimum requirements
Capital ratios are comfortably above regulatory minimum requirements Regulatory Capital Ratios Key focus areas • CET1 capital ratio of 10.9% has declined 50bps on the prior year due to strong asset 15.8% growth. 14.8% 14.5% 13.4% 13.7% 13.2% • Successful $275m Tier 2 capital raise in 12.6% December
Slide 9: B Corp certification and customer values
We know customers are increasingly choosing businesses that align with their values. B Corp will give customers confidence Kiwibank is doing good, acting responsibly, and considering future generations through its products, practices, and profits. 9
Slide 10: Who we are
Who we are Kiwibank is the largest New Zealand- owned bank with over a million customers. ACC NZ Post NZ Super It provides simple, relevant banking 22% 53% 25% products and services and its purpose is to make both Kiwi and New Zealand better off. Kiwi Group Holdings Kiwibank is wholly owned by Kiwi
Slide 11: Contact
Contact Kara Tait External Communications Manager Kara.Tait@kiwibank.co.nz +64 4 470 8565 Geoff Martin Head of Funding geoff.martin@kiwibank.co.nz +64 4 470 8263 11