Bank Of Queensland Limited · ASX:BOQ
Bank Of Queensland — Shareholder Meeting (December 2023)
15 slides from Bank Of Queensland's shareholder meeting presentation, Dec 5, 2023
Slide 1: 2023 Annual General Meeting Presentation
2023 ANNUAL GENERAL METING PRESENTATION Tuesday, 5 December 2023, Brisbane: The presentation slides for Bank of Queensland Limited’s 2023 Annual General Meeting are attached. ENDS Authorised for release by: The Company Secretary of Bank of Queensland BOQ Group Media enquiries Analyst/ Investor enqui
Slide 2: Annual General Meeting
05 DECEMBER 2023 ANNUAL GENERAL MEETING Bank of Queensland Limited
Slide 3: Important information and disclaimer
2023 ANNUAL GENERAL MEETING Important information and disclaimer This is a presentation of general background information about Bank of Queensland ABN 32 009 656 740 and its consolidated entities (BOQ’s) activities at the date of this document. It is in summary form, does not purport to be complete
Slide 4: Acknowledgement of Traditional Custodians
BOQ Group acknowledges the Aboriginal and Torres Strait Islander peoples as the Traditional Custodians of the land where we live and work. We pay our respects to Elders past and present. Artwork proudly created for Bank of Queensland (BOQ) by the Harristown Clontarf Academy, Toowoomba.
Slide 5: Chairman's Address
CHAIRMAN’S ADDRESS Warwick Negus
Slide 6: Chairman's address
2023 ANNUAL GENERAL MEETING Chairman’s address › Economic and operating environment – customers are adjusting to sustained high inflation and the rapid rise of interest rates; heightened levels of scams and fraud activity; ways of working have fundamentally changed and competition in the banking sec
Slide 7: Looking ahead
2023 ANNUAL GENERAL MEETING Looking ahead › High quality Board and Management team in place to transform the business › Committed to the strategy building a future-fit, simpler and lean organisation › Focused on rebuilding and growing long-term shareholder value › Overseeing the uplift of the Bank’s
Slide 8: Managing Director & CEO's Address
MANAGING DIRECTOR & CEO’S ADDRESS Patrick Allaway
Slide 9: Managing Director & CEO's address – key messages
2023 ANNUAL GENERAL MEETING Managing Director & CEO’s address – key messages › Clear plan to address legacy issues and are making good progress in the execution against that plan › Continued investment in the business is required through this cycle of cost and margin headwinds, with lower returns li
Slide 10: FY23 overview
2023 ANNUAL GENERAL MEETING FY23 overview Higher total income offset by a return to normalised loan impairment expense and increased costs driven by inflation and transformation investment. Statutory earnings impacted by one-off items Key financial results ($m) 1 FY23 FY23 v FY22 Total income 1,742
Slide 11: FY23 divisional performance
2023 ANNUAL GENERAL MEETING FY23 divisional performance Positive NII growth in BOQ Business and Retail Bank, NPAT down due to higher costs and normalised impairment expenses Retail Business FY23 FY221 FY23 v FY221 FY23 FY22 FY23 v FY22 Net interest income 929 919 1% 686 593 16% Non-interest income 8
Slide 12: Transforming the business
2023 ANNUAL GENERAL MEETING Transforming the business Making bold choices about our business to address legacy issues, build a future fit bank, uplift performance and drive shareholder value Our strategic pillars are driving decisive action Addressing › Higher relative funding costs STRENGTHEN Impro
Slide 13: Customer experience
2023 ANNUAL GENERAL MEETING Customer experience Elevating our customer voice and experience through a transformed operating model Our Vision: To be the bank customers choose 149-year QLD heritage Customer focused Improving NPS Dedicated Group Executive Supporting local Supported 3.7k customers +26 v
Slide 14: Living our purposes and values
2023 ANNUAL GENERAL MEETING Living our purposes and values Building a sustainable business by supporting our customers and communities, creating an exceptional people experience and reducing our operational footprint Customers and communities Enriching our people Environmental commitments Supporting
Slide 15: Looking ahead
2023 ANNUAL GENERAL MEETING Looking ahead › Well positioned with a strong foundation for future success › Uplifting our operational resilience, risk culture and compliance › Simplifying and optimising our business for growth with a lower cost to serve when the cycle turns › Australian economy remain
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