Commonwealth Bank Of Australia · ASX:CBA
Commonwealth Bank Of Australia — Debt Investor Presentation (March 2018)
28 slides from Commonwealth Bank Of Australia's debt investor presentation, Mar 7, 2018
Slide 1: CommBank PERLS X Capital Notes Investor Presentation
CommBank PERLS X Capital Notes ui4f Investor Presentation 7 March 2018
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by the Commonwealth Bank of Australia (“CBA”) in relation to the offer of CommBank PERLS X Capital Notes (“PERLS X”) (the “Offer”). The Offer will be made in or accompanied by a copy of the Prospectus (“Prospectus”). CBA intends to lodge a replacement P
Slide 3: For personal use only
For personal use only
Slide 4: For personal use only
For personal use only ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ – –
Slide 5: Summary of events that may affect PERLS X
Summary of events that may affect PERLS X PERLS X do not have a fixed matu! rity date but may be Exchanged into Ordinary Shares, Redeemed or Resold. The diagram below summarises when these events could occur’. If none of these events occur, PERLS X could remain on issue indefinitely and the Face Val
Slide 6: Capital Conservation Buffer (CCB)
Capital Conservation Buffer (CCB)! Loss absorption capacity and AT1 distribution protection APRA CET1 requirements CBA CET1 loss absorption % of earnings + CETIRatio —-Valuerange «apg f.Pe used Future earnings ay payments? * $9.6bn> $s eg ra Abovetop of Greater than PCR Arosa CET1 above CCB 8 SB CCB
Slide 7: CBA's capital levels are well positioned for 'unquestionably strong'
CBA’s capital levels are well positioned for ‘unquestionably strong’ m APRA has implemented a number of actions following the Financial System Inquiry report, including the ‘unquestionably strong’ recommendation m= APRA announced that Australia’s major banks would need an average benchmark Common Eq
Slide 8: Key Dates
nn eee Key Dates Lodgement of Prospectus with ASIC 7 March 2018 Securityholder Offer Record Date 9 March 2018 Bookbuild 14 March 2018 Announcement of Margin 15 March 2018 Opening Date for the Offer and lodgement of the replacement prospectus with ASIC 15 March 2018 Closing Date for the Offer 5.00pm
Slide 9: Key Features of CommBank PERLS X Capital Notes
Key Features of CommBank PERLS X Capital Notes
Slide 10: For personal use only
For personal use only ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ — —
Slide 11: For personal use only
For personal use only ■ ■ ■ ■ ■ ■ — —
Slide 12: For personal use only
For personal use only ■ ■ ■ ■ ■ ■ ■ – – –
Slide 13: For personal use only
For personal use only ■ ■ ■ ■ ■ ■ ■ ■ — —
Slide 14: For personal use only
For personal use only ■ ■ ■ ■ ■ ■ ■ – –
Slide 15: Comparison to other CBA hybrid securities
Comparison to other CBA hybrid securities There are differences between PERLS X and other CBA PERLS securities, and PERLS X may not suit your investment objectives, financial situation or particular needs. If you have any questions about the differences, you should seek advice from your financial or
Slide 16: Information about CBA
Information about CBA
Slide 17: 1H18 Financial Results
Ne 1H18 Financial Results ace vs 1H17 THI vs 1H17 Cash NPAT ($m)! 475 (1.9%) Group ($m) : ROE (Cash) (%)! 145% (120) bpts Retail Banking Services ($m) 7% Cash EPS (5)! oR (3.2%) Business and Private Banking ($m) 1A 9% DPS ($) 200 1cent Institutional Banking & Markets ($m) 87h (7%) Cost-to-Income (%)
Slide 18: Sound credit quality
For personal use only Sound credit quality Impairment expense at 16 bpts Consumer R S CBA Group (opts)! —— Consumer —— Corporate —— Group 73 29 FY09 Pro Forma 1. Cash LIE as a percentage of average Gross Loans and Acceptances (GLAAs) (bpts). FYO9 includes Bankwest on a proforma basis and is based on
Slide 19: Strong capital position
Strong capital position CET1 Leverage Ratio Organic +47 bpts _A_ International 16.3% International 6.1% 10.1% (55) 110 (8) (8) (9) 10.4% 5.4% 4.9% 5.1% Credit RWA 24 APR um* Operational RWA (17) IRRBB RWA (15) Total (8) Jun 17 Jun 17 Cash Total Colonial Other Dec 17 APRA Final Div. NPAT! RWA Debt 2
Slide 20: Funding and liquidity
r personal use only ©) Funding and liquidity Wholesale fun maturity profile (ASbn) 35 30 25 20 15 10 | | Jun18 Jun19— Jun20.— Jun21.— Jun 22) Jun 23> Jun 23 =Long Term Wholesale Debt Covered Bond m™ Securitisation 131% er 138.5 105.4 Other | @ Cash, Gov, Wholesale Semis ‘ending m@ Committed Customer
Slide 21: Bank Hybrid Securities Basics
Bank Hybrid Securities Basics
Slide 22: Bank hybrid securities basics
Bank hybrid securities basics ASIC has published guidance on hybrid securities on its MoneySmart website which may be relevant to your consideration of CommBank PERLS X Capital Notes. You can find this guidance by searching “hybrid securities” at An interactive module on bank hybrid securities basic
Slide 23: For personal use only
For personal use only
Slide 24: Contacts
For personal use only Contacts PERLS X Information Line - 1300 794 935 (Monday to Friday 8.00am - 7.30pm, Sydney time) during the Offer Period Commonwealth Bank of Australia Commonwealth Bank of Australia Simon Maidment, Group Treasurer +61 2 9118 1339 Michael Parker, Head of Capital & Regulatory St
Slide 25: For personal use only
For personal use only ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■
Slide 26: For personal use only
For personal use only ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■
Slide 27: Appendix: Key Benefits and Key Risks of PERLS X (cont.)
nn eee Appendix: CommBank PERLS X Capital Notes —- Key Benefits and Key Risks! Key Risks of PERLS X (cont.) m_ Events that the CBA Group has provided insurance against may occur more frequently or with greater severity than anticipated = CBA’s strategic initiatives may not always be successful = CBA
Slide 28: For personal use only
For personal use only
Commonwealth Bank of Australia — Debt Investor Presentation (March 2018) on 6ix