Bnk Banking Corporation Limited · ASX:BBC
Bnk Banking — Investor Presentation (February 2019)
16 slides from Bnk Banking's investor presentation, Feb 28, 2019
Slide 1: 1H19 Results Review Investor Presentation
1H19 RESULTS REVIEW INVESTOR PRESENTATION February 2019
Slide 2: Disclaimer
DISCLAIMER • This presentation contains certain forward looking statements with respect to the financial condition, results of operations, business plans and objectives of management. All such forward‐looking statements involve known and unknown risks, significant uncertainties, assumptions, conting
Slide 3: Financial Results Highlights – 1H19
FINANCIAL RESULTS HIGHLIGHTS – 1H19 $0.7m 2.00% On Balance Sheet Loan 18.7% NPAT – Statutory Net Interest Margin (NIM) Balance $176m (+6.6% PCP) Capital Adequacy Ratio (CAR%) NPAT $1.6m for 1H19, on a Record strong NIM of 2.00% Off Balance Sheet Loan proforma underlying basis, for 1H19 grew by 14bps
Slide 4: Key Operational Metrics – Banking & Wholesale
KEY OPERATIONAL METRICS OPERATIONAL HIGHLIGHTS BANKING & WHOLESALE On Balance Sheet Loans ($m) Off Balance Sheet Loans ($b) 171 176 2.2* 2.3 157 166 136 Goldfields Money is a challenger bank providing deposit accounts, personal 1.5 1.5 1.5 loans and mortgages to individual and business customers acr
Slide 5: Key Operational Metrics – Aggregation
KEY OPERATIONAL METRICS OPERATIONAL HIGHLIGHTS AGGREGATION The Finsure aggregation business provides a complete solution to loan writers to maximise sales productivity under a range of fee and service models. Its Total Loan Writers Total Loan Settlements ($b) proprietary lending platform, Loankit, a
Slide 6: Market Overview
MARKET OVERVIEW WINNING MARKET SHARE AND CAPITALISING ON GROWTH OPPORTUNITIES National Residential Settlements (in $bn) National Outstanding Residential Loans (in $bn) National loan writer population 0.3 0.4 0.2 10.1 12 10.1 2.5 2.5 1,581 35.5 1,397 31.8 1,133 Data 1.7 935 unavailable as at reportin
Slide 7: Vertically Integrated Group: Merger Delivers on Strategic Rationale
MERGER DELIVERS ON STRATEGIC RATIONALE STRATEGIC CUSTOMER OPERATIONAL FOUNDATIONS GROWTH DRIVERS IMPERATIVE Increase distribution • Use data and analytics from our • Easy to understand product set • Support and grow our broker capacity and significant distribution network whilst taking pride in simp
Slide 8: Progress of Growth Strategy
PROGRESS OF GROWTH STRATEGY STAGE FOUR BALANCING INVESTMENT AND PROFITABILITY ACCELERATED PORTFOLIO GROWTH STAGE THREE WE ARE DISCIPLINED HERE PORTFOLIO STAGE TWO GROWTH STRATEGIC MERGER 4 STAGE ONE STANDALONE BUSINESS 3 • Build scale by continually leveraging Finsure distribution network, and open
Slide 9: Key Profitability Indicators
KEY PROFITABILITY INDICATORS Percentage of Nature of Key Performance Indicators Revenue Type Description 1H19 Net 1H19 KPI Performance Revenue (KPI’s) Revenue* (%) On-balance sheet loans $176m Dec18 spot balance BANKING / WHOLESALE On-balance sheet lending Monthly net interest margin 14% Recurri
Slide 10: Revenue & Portfolio Performance
1H19 FINANCIAL RESULTS REVENUE & PORTFOLIO PERFORMANCE Financial Highlights 1H19 1H18 1H19 Var %* $AUD m Proforma Reported Reported Key Financial Metrics Net Upfront Commission 2.4 - 1.6 n/a Net Trail Commission 6.8 - 5.0 n/a Key Comments Net Interest Income 1.0 1.6 1.6 2% • Reported results compris
Slide 11: Operating Expenses
1H19 FINANCIAL RESULTS OPERATING EXPENSES Operating Expenses 1H19 1H18 1H19 Var % $AUD m Proforma Reported Reported * Key Expense Categories Key Comments Employee Expense 7.8 1.1 5.6 427% Information Technology Expense 0.5 0.2 0.6 144% • Overall cost increase supporting continued business growth, th
Slide 12: Balance Sheet
1H19 FINANCIAL RESULTS BALANCE SHEET ASSETS 1H18 1H19 Var % $AUD m Reported Reported Cash and investments 57.7 67.5 17% Loans and advances 165.7 175.8 6% Key Comments NPV asset - 227.8 n/a Other assets • Lending assets show healthy y-o-y growth of +6% whilst 3.7 61.3 1579% maintaining strong credit
Slide 13: 2H19+ Summary Outlook
2H19+ SUMMARY OUTLOOK FOCUS AREAS – 2H19 FOCUS AREAS – FY19+ CUSTOMER PRIORITIES • Insight-Driven Product Offering • New Product Introduction • Banking Brand Refresh • Open Banking Opportunities • Execute Strategic Partnerships • Digital Servicing Model OPERATIONAL PRIORITIES • T24 Platform Integrat
Slide 14: Board of Directors
BOARD OF DIRECTORS Peter Wallace Derek La Ferla Simon Lyons John Kolenda Peter Hall Chairman & Non Executive Director Deputy Chairman & Non Executive Director Executive Director Non Executive Director Managing Director Mr Wallace was appointed a director in August 2014. He Mr La Ferla was elected as
Slide 15: Our Executive Team
OUR EXECUTIVE TEAM Jussi Nunes Allan Savins Simon Bednar David Maher Steve Ellis Group Chief Financial Officer GM - Banking & Wholesale GM Aggregation Head of Marketing & Direct Sales Chief Risk Officer Allan has almost 35 years’ experience within An executive with 15 years experience David has spen
Slide 16: Contact
CONTACT Simon Lyons Managing Director 0417 178 325 slyons@goldfieldsmoney.com.au