Bsp Financial Group Ltd. · ASX:BFL
Bsp Financial — Shareholder Meeting (May 2025)
40 slides from Bsp Financial's shareholder meeting presentation, May 29, 2025
Slide 1: 2025 BSP Annual General Meeting
For personal use only 2025 BSP Annual General Meeting Banquet Halls 1&2, Hilton Hotel, Wards Road, Port Moresby, NCD, BSP Financial Group Limited ARBN: 649 704 656, Incorporated in Papua New Guinea Papua New Guinea Klinki St, Port Moresby National Capital District, Papua New Guinea www.bsp.com.pg |
Slide 2: BSP Choir (Video)
For personal use only BSP Choir (Video) 2
Slide 3: Housekeeping/Safety Briefing
For personal use only Housekeeping/Safety Briefing 3
Slide 4: Convention Centre Evacuation
Convention Centre Evacuation For personal use only Assembly Point marked in Orange circle What do we do when there is a fire? • Do NOT run or panic • Do NOT use the lift • Do NOT stop to collect belongings • DO go straight to the Assembly Point and Do NOT re-enter the building until advised by manag
Slide 5: Opening Prayer
For personal use only Opening Prayer Mrs. Priscilla Paissat 5
Slide 6: Chairman's Address
For personal use only Chairman’s Address Board Chairman Mr. Robert Bradshaw 6
Slide 7: Group CEO's Address
For personal use only Group CEO’s Address Group Chief Executive Officer Mr. Mark T. Robinson 7
Slide 8: Bank South Pacific
Bank South Pacific For personal use only OUR PURPOSE Championing Prosperity for the South Pacific OUR VISION The South Pacific’s International Bank OUR VALUES We respect, value and empower We strive for excellence, integrity We work and thrive as a team with each other, embracing diversity and conti
Slide 9: 2024 Results
2024 Results For personal use only FY231 FY24 Change FY231 FY24 Change PGK [millions] AUD4 [millions] Revenue 2,749 2,979 8% Revenue 1,154 1,172 2% Operating expenses (1,013) (1,231) 22% Operating expenses (425) (485) 14% Operating profit 1,736 1,748 1% Operating profit 729 688 (6%) Bad & doubtful d
Slide 10: Consistently profitable over years
Consistently profitable over 20 years For personal use only Increased tax rate FY23 COVID 19 impacted impacted NPAT FY20 business operations BSP NPAT [Km] Established BSP Life PNG 2021 FY17 FY21 ASX listing Acquired WBC’s Solomon Islands, Cook Islands, Samoa, Tonga and Vanuatu Operations FY15/16 1,0
Slide 11: Contribution to PNG
Contribution to PNG PAPUA NEW GUINEA TAXES Km 2024 Corporate Income Tax* Budget For personal use only [2015-2024] BSP Company Income Tax 3,757 17% Other Taxes [Withholding] 101 GST [not able to be recouped] 181 Salary and Wages Tax 704 Total PNG Tax 4,744 OTHER CONTRIBUTIONS [2015-2024] Sponsorships
Slide 12: Strong growth in our digital channels
Strong growth in our digital channels For personal use only GROUP AVERAGE MONTHLY TRANSACTIONS [YOY] 20.2m Digital Δ17% 6.3m EFTPOS terminals Δ 20% 4.7m ATM Δ 5% 1.2m Branch & Agents Δ 3% 12
Slide 13: Wantok Wallet, Business Bank, Cash Optimisation
Wantok Wallet For personal use only Program Manager Penelope Aisi Business Bank Head of Business Bank Raymond Logona Cash Optimisation Head of Corporate Services David Pidik 13
Slide 14: Wantok Wallet: Enabling Financial Inclusion
Wantok Wallet: Enabling Financial Inclusion ~ 48.6K Wantok Wallets opened since launch For personal use only 48,645 39,513 22,833 Feb-25 Mar-25 Apr-25 BSP launched Wantok Wallet in February 2025. Benefits: • Secure banking with PIN-protected transactions • Store money • Send and receive money instan
Slide 15: Business Banking that comes to you
Business Banking that comes to you Nine Business Bank centres with over 90 dedicated staff MADANG For personal use only MT. HAGEN NGI KIMBE KOKOPO BUKA HIGHLANDS LAE BUSINESS BANK BRANCH GOROKA REGIONAL OFFICES Port Moresby/NCD Gordons Commercial Centre Vision City Business Bank Center Highlands Dob
Slide 16: Our Services
Our Services A dedicated business banking team, product, and service proposition enabling businesses thrive. Nine Business Banking Centres with x staff For personal use only BUSINESS ACCOUNTS AND CARDS Streamlined solutions for everyday transactions, including business cheque accounts and debit card
Slide 17: Cash Optimisation
Cash Optimisation Established regional cash centres in PNG and introduced cash counting machines in premium chambers. For personal use only Country Locations Branches Cash Machines Samoa Apia, Vaitele 2 24 Heritage Park, Panatina, Solomon Islands 3 27 Honiara Central Tonga Nuku’alofa 1 16 Fiji (pilo
Slide 18: Group CEO
For personal use only Group CEO Group Chief Executive Officer Mr. Mark T. Robinson 18
Slide 19: AGM Agenda
AGM AGENDA General Business For personal use only 1. To receive, consider and accept the Minutes of the previous Annual General Meeting held on 17 May 2024 as a correct record of that meeting. Ordinary Business 2. Annual Report and Financial Statements for the Year Ended 31 December 2024. 3. Remuner
Slide 20: General Business: Minutes of Previous AGM
General Business Item 1 - Minutes Of The Previous Annual General Meeting Held On 17 May 2024. For personal use only To receive, consider and accept the Minutes of the previous Annual General Meeting held on 17 May 2024 as a correct record of that meeting. BSP Financial Group Limited BSP Classificati
Slide 21: 2024 AGM Meeting Minutes
2024 AGM Meeting Minutes Minutes of the Annual General Meeting of BSP Financial Group Limited held at Banquet Halls 1 and 2, level 1, Hilton Hotel, Wards Road, Port Moresby, National Capital District, Papua New Guinea on For personal use only Friday, 17 May 2024. Directors Present Mr. Robert Bradsha
Slide 22: 2024 AGM Meeting Minutes (continued)
2024 AGM Meeting Minutes (continued) In Attendance in person & online: refer attachments For personal use only Quorum: The Chairman declared that a quorum of members were present in person, by proxy, by attorney and in case of a body corporates, by a representative and declared the meeting open at 1
Slide 23: 2024 AGM Meeting Minutes (continued)
2024 AGM Meeting Minutes (continued) Item 3 – General Business For personal use only Resolution 1: Minutes of the Previous Meeting of Shareholders – 19 May 2023 It was moved that the members receive, consider and accept the Minutes of the previous Annual General Meeting held on 19 May 2023 as a corr
Slide 24: 2024 AGM Meeting Minutes (continued)
2024 AGM Meeting Minutes (continued) Item 4 – Ordinary Business For personal use only Resolution 1: Annual report and 2023 Financial Statements It was moved that the members receive, consider and accept the Annual Report, including the Financial Statements, Director’s Report and Auditor’s Report, fo
Slide 25: 2024 AGM Meeting Minutes (continued)
2024 AGM Meeting Minutes (continued) Item 4 – Ordinary Business For personal use only Resolution 2: Remuneration Report for the year ended 31 December 2023 It was moved that the members adopt the Remuneration Report of the Company for the year ended 31 December 2023. Moved: Nilson Singh (BSPL) Secon
Slide 26: 2024 AGM Meeting Minutes (continued)
2024 AGM Meeting Minutes (continued) Item 4 – Ordinary Business For personal use only Resolution 3(a): Re- election of Frank Bouraga It was moved that Frank Bouraga, a Director retiring by rotation in accordance with the Company’s Constitution be re-elected as a Director of the Company. Moved: Hari
Slide 27: 2024 AGM Meeting Minutes (continued)
2024 AGM Meeting Minutes (continued) Item 4 – Ordinary Business For personal use only Resolution 3(b): Re- election of Symon Brewis-Weston It was moved that Symon Brewis-Weston, a Director retiring by rotation in accordance with the Company’s Constitution be re-elected as a Director of the Company.
Slide 28: 2024 AGM Meeting Minutes (continued)
2024 AGM Meeting Minutes (continued) Item 4 – Ordinary Business For personal use only Resolution 4: Election of Stephen Charles Beach It was moved that Stephen Charles Beach, a Director, appointed to fill a casual vacancy and being eligible to be elected in accordance with the Company’s Constitution
Slide 29: 2024 AGM Meeting Minutes (continued)
2024 AGM Meeting Minutes (continued) Item 4 – Ordinary Business For personal use only Resolution 5: Appointment of External Auditors It was moved that PricewaterhouseCoopers be appointed as Auditors for 2025 and that the Board be authorised to fix their remuneration. Moved: Nuni Kulu Seconded: Hari
Slide 30: 2024 AGM Meeting Minutes (continued)
2024 AGM Meeting Minutes (continued) Item 5 – Other Business For personal use only No further business was discussed. C l o s e o f M e e t i n g : There being no further business the meeting was declared closed at 11.40 am. Robert Bradshaw Chairman BSP Financial Group Limited BSP Classification: Ex
Slide 31: Annual Report and Financial Statements
Ordinary Business Item 2 – Annual Report and Financial Statements for the Year ended 31 December 2024 For personal use only To receive the Annual Report, including the Financial Statements, Director’s Report and Auditor’s Report, for the Company and its subsidiaries for the year ended 31 December 20
Slide 32: Remuneration Report
Ordinary Business Item 3 – Remuneration Report for the Year ended 31 December 2024 For personal use only To adopt the Remuneration Report of the Company for the year ended 31 December 2024. BSP Financial Group Limited BSP Classification: External Confidential 32
Slide 33: Re-election of Directors: Priscilla Kevin
Ordinary Business Item 4 – Re-election of Directors For personal use only (4.1) Priscilla Kevin, who retires by rotation and offers herself for re-election as a Director of the Company. BSP Financial Group Limited BSP Classification: External Confidential 33
Slide 34: Re-election of Directors: Patricia Taureka-Seruvatu
Ordinary Business Item 4 – Re-election of Directors For personal use only (4.2) Patricia Taureka-Seruvatu, who retires by rotation and offers herself for re-election as a Director of the Company. BSP Financial Group Limited BSP Classification: External Confidential 34
Slide 35: Election of Directors: David Hornery
Ordinary Business Item 5 – Election of Directors For personal use only (5.1) To elect David Hornery who was appointed to fill a casual vacancy and offers himself for election as a Director of the Company. BSP Financial Group Limited BSP Classification: External Confidential 35
Slide 36: Election of Directors: Donna Cooper
Ordinary Business Item 5 – Election of Directors For personal use only (5.2) To elect Donna Cooper who was appointed to fill a casual vacancy and offers herself for election as a Director of the Company. BSP Financial Group Limited BSP Classification: External Confidential 36
Slide 37: Appointment of Auditor (PricewaterhouseCoopers)
Ordinary Business Item 6 – Appointment of Auditor (PricewaterhouseCoopers) For personal use only To appoint PricewaterhouseCoopers as auditor of the Company from the conclusion of this meeting until the conclusion of the next annual meeting of the Company and that the Board be authorised to fix thei
Slide 38: End of AGM Items of Business
For personal use only End of AGM Items of Business 38
Slide 39: Q&A
Q&A ? For personal use only BSP Financial Group Limited BSP Classification: External Confidential 39
Slide 40: Thank you
For personal use only Thank you 2025 BSP ANNUAL GENERAL MEETING BSP Financial Group Limited ARBN: 649 704 656, Incorporated in Papua New Guinea Klinki St, Port Moresby National Capital District, Papua New Guinea +675 305 7799 | www.bsp.com.pg | Investor.relations@bsp.com.pg 40