Bsp Financial Group Ltd. · ASX:BFL
Bsp Financial — Q2 2016 Earnings Presentation
13 slides from Bsp Financial's earnings presentation, August 2016
Slide 1: BSP Qtr.2/2016 Results Summary
BSP Qtr.2/2016 Results Summary Johnson Kalo, Deputy CEO/GCFO
Slide 2: BSP's Geographical footprint-today
BSP’s Geographical footprint-today Investor Sub - title Pack of Presentation Slide 12
Slide 3: QTR2/2016 Financials
QTR2/2016 FINANCIALS Investor Sub - title Pack of Presentation Slide 13
Slide 4: Financial Ratios
Financial Ratios Net Interest Income and NIM (annualized) Cost to Income Ratio 270 266 9.0% 8.1% 7.4% 7.8% 7.7% 8.0% 45.5% 265 264 7.1% 7.0% 44.9% 260 263 6.0% K‘m 44.0% 44.2% 255 253 5.0% 43.3% 249 4.0% 250 3.0% 245 2.0% 240 1.0% 2015 QTR2 2015 QTR3 2015 QTR4 2016 QTR1 2016 QTR2 2015 QTR2 2015 QTR3
Slide 5: Profit and Loss (K'm)
Profit and Loss ( K’m) Group Q2’16 profit after tax was up by 10% 450 433.2 (+K15m) to K158.1m from K143.3m in Q1’16. 400 The increase was mainly from Interest and Lending income as well as FOREX income driven 350 by more Foreign currency being traded in the 300 quarter. 250 YTD NPAT (K301.4m) impro
Slide 6: Total Income and Total Asset breakup
Total Income and Total Asset breakup Income Categories ( K’m) 500.0 433.2 400.0 Total Income increase by 9% 300.0 267.2 in Q2’16 200.0 86.5 65.3 100.0 14 0.0 Interest Income Fee and FX income Other Income Total Income Commission QTR2 2015 QTR 3 2015 QTR 4 2016 QTR 1 2016 QTR 2 2016 Asset Categories
Slide 7: Balance Sheet (Kb'n)
Balance Sheet ( Kb’n) Total Assets increased by 9% (+K1.6b) to K19.6b at end of Q2’16, compared to K18.4b in Q1’16. The build-up reflects loan book growth over the quarter in PNG as well as a translation effect from the non PNG 19.6 businesses 15.7 Net loans increased by 9% over Q1’16 (+K747m) to K9
Slide 8: Market Share - Loans
Market Share - Loans 56% 45% 38% Commentary 36% 22% 23% • BSP’s combined loans market share remained unchanged at 40% this qtr compared to Q1’16, and pcp 2015. • PNG and Tonga posted an increase of 1% PNG Fiji Solomon Cook Islands Tonga Samoa and 2% respectively from Q1’16 as well as Islands improve
Slide 9: Market Share - Deposits
Market Share - Deposits Commentary 57% 57% 59% • BSP’s combined deposit market improved by 1% to 45% 36% in Q1’16. 26% • Solomon Islands dropped by 5% due to BSP not actively 22% pursuing funds given its high liquidity position • Tonga dropped by 1% due to drop in the overall deposit market from iss
Slide 10: Financial Risk Management
Financial Risk Management Capital Adequacy Provisions to Loans Tier 1 Tier 2 BPNG requirement 5.5% 30.0% 4.9% 5.0% 4.9% 4.9% 4.8% 4.8% 25.0% 4.5% 4.1% 5.8% 20.0% 7.9% 8.1% 7.1% 4.0% 15.0% 3.5% 10.0% 19.0% 19.0% 3.0% 14.9% 14.8% 14.8% 5.0% 2.5% 0.0% 2.0% Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q2-15 Q3-15 Q4-1
Slide 11: Qtr. 2-2016 Performance Summary
Qtr. 2-2016 Performance Summary Revenues • Q2’16 revenue increased by 10% from Q1’16 driven by growth in both interest and lending income as well higher FX income from increased turnover of foreign currency in Q2’16 • Operating expenses for Q2’16 slightly increased by 3.6% over Q1’16 due to staff an
Slide 12: Share Price
Share Price Closing price (Kina) Volume traded K9.20 red (millions) 2.5 Share Price green K8.70 2.0 K8.20 K4.038bn 1.5 market K7.70 Cap 1.0 K7.20 Share Price K8.64 0.5 K6.70 24th August K6.20 0.0 Aug-15 Oct-15 Dec-15 Feb-16 Apr-16 Jun-16 Aug-16 PE Ratio 13.4 times Dividend Yield 11.3% Investor Sub -
Slide 13: Thank You
Thank You Sub - title of Presentation Slide 113