Capitol Federal Financial, Inc. · NASDAQ:CFFN
Capitol Federal Financial — Shareholder Meeting (January 2009)
21 slides from Capitol Federal Financial's shareholder meeting presentation, Jan 15, 2009
Slide 1: Welcome to the 2008 Annual Meeting of Capitol Federal Financial
Welcome to the 2008 Annual Meetingg off C it l Federal Capitol F d l Financial Fi i l
Slide 2: Slide 2
Slide 3: Board of Directors
Board of Directors B. B. Andersen John B. B Dicus, Dicus President & CEO John C. Dicus, Chairman Jeffrey M. M Johnson Michael T. McCoy, M.D. Jeffrey ff R. Thompson h Marilyn S. Ward
Slide 4: Capitol Federal Management
Capitol Federal Management John C. Dicus, Chairman John BB. Dicus Dicus, President, President CEO R. Joe Aleshire, Executive Vice President Larryy K. Brubaker,, Executive Vice President Morris J. Huey, II, Executive Vice President Kent G. Townsend, Executive Vice President Tara D. Van Houweling, Fir
Slide 5: Safe Harbor Disclosure
Safe Harbor Disclosure Except for the historical information contained in this presentation, th matters the tt discussed di d may beb deemed d d to t be b forward-looking f d l ki statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that involve risks and uncertain
Slide 6: Slide 6
Slide 7: Fiscal Year 2008 at September 30th
Fiscal Year 2008 at September 30th (i thousands) (in h d) Total Assets $8,055,249 Total Loans $5,320,780 Total Deposits $3,923,883 T t l Borrowings Total B i $3 159 581 $3,159,581 Total Stockholders Stockholders’ Equity $871,216 $871 216
Slide 8: Financial Performance FY 2008
Financial Performance FY 2008 Net Income $51.0 million Diluted Earnings Per Share $0.70 N t Interest Net I t t Margin M i 1 75% 1.75% Return on Average Assets 0.65% Return on Average Equity 5.86%
Slide 9: Financial Performance FY 2008
Financial Performance FY 2008 Efficiency Ratio 49.93% Operating Expense Ratio 1.04% p Non-performingg Assets to Total Assets 0.23% E it to Equity t Total T t l Assets A t 10 82% 10.82%
Slide 10: Loan Portfolio Quality
Loan Portfolio Quality •Continues •Contin es to adhere to traditional underwriting standards •Requires full documentation and qualified lifi d borrowers b •Has not participated in subprime, subprime Alt-A Alt A or negative amortization lending
Slide 11: Loan Portfolio Quality
Loan Portfolio Quality • Weighted average loan-to-value ratio of 1-4 familyy loans is 67% • Weighted average credit score of borrowers of 1-4 family loans is 755 • Non-performing loans to total loans remains i consistently i l low, l at 0.26% 0 26%
Slide 12: Stock Highlights of Fiscal Year 2008
Stock Highlights of Fiscal Year 2008 Book Value per Share $11.93 Total Shares Outstanding 74,079,868 Public Shares Outstanding 20,878,857 Stock Trading Range $27.63 to $51.56
Slide 13: Earnings Per Share
Earnings Per Share For the Year Ended September 30, 2008 Net earnings per share, available to GAAP Non-GAAP public shareholders: Net Income $ 50,954,144 $ 50,954,144 Basic Average Public Shares Outstanding 72,938,871 20,746,054 Dilutive Average Public Shares 73,012,666 20,819,849 Outstandingg Basic
Slide 14: 2008 Calendar Year Dividends
2008 Calendar Year Dividends • CFFN paid dividends of $2.11 per share. • CFFN had a cash reserve of $110.4 million as of December 31, 31 2008. 2008 •The The Board intends to continue to pay a quarterly dividend of $0.50 per share for the foreseeable future.
Slide 15: Calendar Year Dividend History
Calendar Year Dividend History $2.50 2.30 $2.00 2.09 2.11 2 00 2.00 2 00 2.00 2 00 2.00 2 00 2.00 $1.50 $1 00 $1.00 $0.50 0.62 0.46 0.30 $0.00 CY 99 CY 00 CY 01 CY 02 CY 03 CY 04 CY 05 CY 06 CY 07 CY 08
Slide 16: Special Year End Dividend
Special Year End Dividend Capitol Federal Financial Fiscal Year 2008 Net Income $50,954,144 Regular Quarterly Dividends Paid during Fiscal Year 2008 41,425,484 Net Income in Excess of Regular Quarterly Dividends Paid $ 9,528,660 Amount Available for Special Year End Dividend $ 2,382,165 g Shares Eli
Slide 17: Investing with CFFN
Investing with CFFN Initial stock pprice: $ 10.00 - total cumulative dividends paid: -15.88 Net cost of shares p purchased in IPO: $ ((5.88))
Slide 18: Cumulative Cash Returned to Stockholders
Cumulative Cash Returned to Stockholders (in thousands) $750,000 $677,674 Stockholder Dividends $500,000 $316,030 $250,000 Stock Repurchases $361,644 $0 FY 1999 - 2008
Slide 19: Stockholder Value
Stockholder Value Continuing our commitment to stockholder value, value the Board has declared a $0.50 per share dividend, payable bl February F b 20 20, 2009 to stockholders of record on February 6, 2009.
Slide 20: Questions and Answers
Questions and Answers
Slide 21: Thank you for attending
Thank you for attending
Capitol Federal Financial — Shareholder Meeting (January 2009) on 6ix