Commonwealth Bank Of Australia · ASX:CBA

Commonwealth Bank Of Australia — H1 FY2008 Earnings Presentation

13 slides from Commonwealth Bank Of Australia's earnings presentation, Feb 13, 2008

  1. Slide 1: Media Presentation - Half year ended 31 December 2007

    Media Presentation For personal use only For the half year ended 31 December 2007 Ralph Norris CHIEF EXECUTIVE OFFICER 13th February 2008 Commonwealth Bank of Australia ACN 123 123 124 Disclaimer The material that follows is a presentation of general background information about the Bank’s activitie

  2. Slide 2: Overview

    Notes For personal use only 3 Overview ► A solid operating result in a difficult environment ► Good business momentum maintained ► Strong volume and market share growth ► Strategy on track and delivering ► Well positioned in challenging times 4 2

  3. Slide 3: A solid operating result

    Other key information Notes For personal use only Some overall Bank indicators 6 months Dec 07 Jun 07 Dec 06 Jun 06 Number of branches 1,010 1,010 1,010 1,005 Weighted av. No. of shares (cash) 1,306m 1,293m 1,284m 1,285m Net tangible assets per share ($) 12.14 11.65 10.23 9.42 Risk weighted assets (

  4. Slide 4: Strong financial position

    Notes For personal use only 7 Strong financial position Source of Funding „ Strong retail funding (13% annualised deposit growth) 25% Short term wholesale „ Highly diversified wholesale funding – Long term wholesale no reliance on securitisation 54% Securitisation 17% „ No direct exposure to sub-pri

  5. Slide 5: Market shares

    Market shares Notes For personal use only Dec 07 Jun 07 Dec 06 Retail Banking Services Home loans 18.8% 18.5% 18.4% Credit cards 18.6% 18.8% 19.3% Personal lending 16.7% 16.4% 16.4% Retail deposits 22.0% 21.6% 21.9% Household deposits 28.9% 29.0% 28.8% Premium Business Services Business lending - AP

  6. Slide 6: Variable Home Loan Margin - impact of market volatility

    Variable Home Loan Margin - calculation of impacts For personal use only Term Funding = 37bpts additional term funding costs x proportion of portfolio that reprices in a given time period (assume even rate of repricing) x proportion of portfolio that is wholesale funded Basis Risk = 27bpts additiona

  7. Slide 7: Strategy on track and delivering

    Notes For personal use only 13 Strategy on track and delivering Customer Service X Customer satisfaction at 10 year high X New branch operating model delivering stronger results X Improved customer experience at new design branches Business Banking X Strong volume and market share outcomes X Improvi

  8. Slide 8: Retail Banking Services

    Notes For personal use only 15 Retail Banking Services Customer satisfaction at Home loan market share 85% 10 year high* 19.20% recovery continues 19.0% 19.00% institution customers 80% 18.8% % main financial 18.8% 18.80% 18.7% 75% 18.60% 18.5% 70% 18.4% 18.40% 65% CBA 18.20% 60% Source: RBA/APRA Ju

  9. Slide 9: Most improved customer satisfaction

    Most improved customer satisfaction For personal use only Business Customers* Customer Satisfied Movement Dec 07 % 6 Months % 12 months % ANZ 77.6 Ç 0.7 Ç 1.9 Commonwealth 65.7 Ç 5.0 Ç 7.4 NAB 72.2 Ç 2.8 Ç 3.5 Westpac 73.8 Ç 4.3 Ç 7.2 St George 79.7 Ç 0.3 È 0.4 * Source: TNS Business Finance Monitor

  10. Slide 10: Wealth Management

    Notes For personal use only 19 Wealth Management Funds under Administration up 24% FirstChoice FUA up 36% $m 36% $15b 45,000 10.0% $24b 40,000 9.0% 35,000 8.0% 7.0% 30,000 6.0% 25,000 5.0% $200b 20,000 4.0% $161b 15,000 3.0% 10,000 2.0% 5,000 1.0% 0 0.0% Jun 02 Dec 02 Jun 03 Dec 03 Jun 04 Dec 04 Jun

  11. Slide 11: Other highlights

    CommBiz – online, real time secure business and corporate banking FirstChoice – chosen by 50% of IFA’s For personal use only Netbank – 2M active customers and growing. The only financial services platform to enter Australia’s top-ten most accessed websites CommSec – Australia’s leading retail broker

  12. Slide 12: Outlook

    Notes For personal use only 23 Outlook „ Continuing global uncertainty: ¾ Slowing economic growth in US ¾ Continuing sub-prime fall-out „ Volatility expected to continue through calendar 2008 „ Domestic economy remains strong: ¾ Low unemployment, good GDP growth, exposure to Asia/commodities ¾ Infla

  13. Slide 13: Media Presentation

    Media Presentation For personal use only For the half year ended 31 December 2007 Ralph Norris CHIEF EXECUTIVE OFFICER 13th February 2008 Commonwealth Bank of Australia ACN 123 123 124 13

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