Commonwealth Bank Of Australia · ASX:CBA
Commonwealth Bank Of Australia — H1 FY2009 Earnings Presentation
18 slides from Commonwealth Bank Of Australia's earnings presentation, Feb 11, 2009
Slide 1: Media Presentation
Media Presentation For personal use only For the half year ended 31 December 2008 Ralph Norris CHIEF EXECUTIVE OFFICER 11 February 2009 Commonwealth Bank of Australia ACN 123 123 124
Slide 2: Disclaimer
Disclaimer For personal use only The material Th i l that h f ll follows i a presentation is i off generall background b k d information about the Bank’s activities current at the date of the presentation, 11 February 2009. It is information given in summary form and does not purport to be complete.
Slide 3: Strength in uncertain times
Strength g in uncertain times For personal use only ■ A solid operating result in an increasingly difficult environment: ¾ Strong Banking income result ¾ Good volume and market share gains ¾ Cost discipline ■ Strong capital and funding positions ■ Increased provisions ■ Strategy on track and deliver
Slide 4: Credit ratings of largest banks
Credit ratings of largest 100 banks For personal use only 180 80 60 40 CBA 20 0 Source : Bloomberg. As at 20 January 2009. 4
Slide 5: A solid operating result
A solid operating p g result For personal use only Dec 08 vs Dec 08 Dec 07 Operating p g Income (($m)) 8,016 , 15% Statutory NPAT ($m) 2,573 9% Cash NPAT ($m) 2,013 (16%) Cash EPS (cents) 146.3 (19%) Return on Equity – Cash (%) 15.0 (580)bpts Dividend per Share – Fully Franked (cents) 113 - 5
Slide 6: Notes
Notes 9 Determined to be cifforant
Slide 7: Managing in uncertain times
Managing in uncertain times For personal use only Co-ordinated risk management response: ¾ Overseen by CFO and CRO ¾ Daily management meetings during liquidity crunch ¾ Weekly Executive Risk Committee meetings ¾ Extensive and ongoing portfolio review – across sectors/industries/geographies ¾ Ongoi
Slide 8: Notes
Notes 9 Determined to be cifforant
Slide 9: Strong customer satisfaction gains
Strong g customer satisfaction g gains For personal use only Closing the gap to top rated peer Strong gains in Business Customer Satisfaction Roy Morgan Research MFI Customer Satisfaction1 12 month movement2 84% 11.0% 80% 76% 10.3% 4.8% 5.2% 7 8% 7.8% 5 4% 5.4% 4 1% 4.1% 72% 68% Dec 07 Feb 08 Apr 08
Slide 10: Market shares
Market shares For personal use only Dec 08 Jun 08 Dec 07 CBA BankWest Combined CBA CBA Adjusting for restatements, Retail Banking Services Jun 08 Home loan market share Home loans 20.3% 3.0% 23.3% 19.2% 18.8% would be 19.4% and Dec 07 Credit cards 18.2% 2.7% 20.9% 18.3% 18.5% Home loan market share
Slide 11: Strong growth in key markets
Strong g growth g in key y markets For personal use only Balance B l G Growth th CBA + CBA Dec 08 vs Dec 07 BankWest Market Share Market Share % % % Dec 08 vs CBA System Dec 08 Dec 08 Dec 07 Home Lending* 15 8 15.8 79 7.9 20 3 20.3 1 35 1.35 23 3 23.3 Household Deposits* 21.7 19.0 29.1 0.64 32.6 Bus
Slide 12: Notes
For personal use only Notes 12
Slide 13: Determined to be different
Determined to be different For personal use only X Only major to improve customer satisfaction year on year Customer Service X Gap G tot Number N b 1 peer reducedd d ffrom 10 10.3% 3% tto 5 5.4% 4% iin 12 mths th X Strongest customer satisfaction gains of the major banks Business Banking X Dedicated
Slide 14: Market shares
Market shares For personal use only Home Lending Household Deposits Credit Cards 23.3% 32.6% 21.9% 20.9% 22.0% 23.4% 17.4% 12.6% 13.1% 11.8% 13.3% 12.9% CBA / Peer 1 Peer 2 Peer 3 CBA / Peer 1 Peer 2 Peer 3 CBA / Peer 1 Peer 2 Peer 3 BankWest BankWest BankWest Personal Lending Business Lending Busin
Slide 15: Profitable growth
Profitable growth g For personal use only Low-risk strategic agenda Targeted investment and acquisition programme Focus on key growth opportunities / markets Earnings accretive investments Well positioned for medium to longer term 15
Slide 16: Notes
For personal use only Notes 16
Slide 17: Outlook
Outlook For personal use only Increasingly difficult global and domestic outlook Slowing domestic economy, with broad customer impacts Interest rate cuts and Government stimulatory actions to soften impact Group remains cautious about the short to medium term outlook C ti Continued d ffocu
Slide 18: Media Presentation
Media Presentation For personal use only For the half year ended 31 December 2008 Ralph Norris CHIEF EXECUTIVE OFFICER 11 February 2009 Commonwealth Bank of Australia ACN 123 123 124
Commonwealth Bank of Australia — H1 FY2009 Earnings Presentation on 6ix