Firstrand Limited · JSE:FSR

Firstrand — Shareholder Meeting (November 2009)

8 slides from Firstrand's shareholder meeting presentation, Nov 25, 2009

  1. Slide 1: Current operating outlook

    Current operating outlook Sizwe Nxasana - CEO FirstRand Limited AGM 2009

  2. Slide 2: Sub-trend recovery on the cards

    Sub-trend recovery on the cards Credit boom 6 GFC* Prospects 3 0 GDP (y/y) Recovery -3 3 06 07 08 09 10 11 * Global financial crisis

  3. Slide 3: Economy still in a tough spot

    Economy still in a tough spot Consumer still struggling A million jobs lost % q/q Employment 25 ( illi (millions) ) 14.0 20 13.8 15 13.6 10 13.4 5 13.2 0 Change in real 13.0 ‐5 consumer spending 12.8 ‐10 12.6 ‐15 12.4 ‐20 12.2 ‐25 12.0 Mar‐80 Jul‐81 Nov‐82 Mar‐84 Jul‐85 Nov‐86 Mar‐88 Jul‐89 Nov‐90 M

  4. Slide 4: Consumer needs to de-leverage

    Consumer needs to de-leverage 1.7 1.6 1.5 Credit to GDP rratio dex: 1970 = 1) 14 1.4 1.3 1.2 (ind 1.1 1.0 09 0.9 0.8 70 72 74 76 78 80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10 Source: SARB and FirstRand estimation

  5. Slide 5: Muted economic growth – implications for banks

    Muted economic growth – implications for banks • Subdued credit and transactional growth • Slow economic recovery • Consumer remains under pressure • Cycle not yet peaked in corporate and commercial • Asset prices will remain low • Reduction in risk cost given monetary policy (500 bps reduction in i

  6. Slide 6: In summary – FirstRand's growth driven by

    In summary – FirstRand’s growth driven by • The short term recovery story • Unwind of the cycle will positively impact earnings to 2011 • Longer term • Delivery on domestic and international strategy • The group has the appropriate platform in South Africa • Internationally the focus is in markets w

  7. Slide 7: FirstRand's refocused strategy (South Africa)

    FirstRand’s refocused strategy (South Africa) • Group’s portfolio already has • Diverse revenue streams • Strong operating franchises • Asset origination and distribution capabilities • Building blocks for access to profit pools in financial services SA • Increase organic growth opportunities that c

  8. Slide 8: Re-focused international strategy

    Re-focused international strategy • Operate O t ini markets k t that th t strengthen t th the th Group’s G ’ position iti as a leading l di African financial services group • Focus on Africa and key African-Asian corridors • In the medium to long term consider expanding into selected markets on the

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