Liberty Financial Group Ltd · ASX:LFG
Liberty Financial — Shareholder Meeting (October 2024)
20 slides from Liberty Financial's shareholder meeting presentation, Oct 24, 2024
Slide 1: Liberty Group 2024 AGM Chairman's Address & CEO's Address
24 October 2024 Markets Announcement Office ASX Limited LIBERTY GROUP 2024 AGM CHAIRMAN’S ADDRESS & CEO’S ADDRESS In accordance with ASX listing rule 3.13.3, Liberty Group (ASX: LFG) attaches the following documents to be presented at the 2024 Annual General Meeting (Meeting) being held at 11.00am t
Slide 2: Chair Address
Liberty Group 2024 AGM – Chair’s Address and CEO’s Address | 2 Chair Address The year ended 30 June 2024 for the Liberty Group has delivered a sound result consistent with the current economic and competitive environment, and a result that distinguishes us. Liberty Group achieved statutory net profi
Slide 3: Business Update and FY24 Highlights
Liberty Group 2024 AGM – Chair’s Address and CEO’s Address | 3 Business Update In Financial Year 24, given the difficult trading conditions, we were happy to deliver strong loan origination leading to portfolio growth through our targeted diversification strategy. Over the year our Net Interest Marg
Slide 4: Loan Portfolio 1Q25
Liberty Group 2024 AGM – Chair’s Address and CEO’s Address | 4 Our Net Interest Margin has remained relatively flat through the quarter, continuing the trend of improved trading conditions into FY25. We maintained momentum with loan originations at Group level with the improvement in Residential len
Slide 5: Liberty Financial Group Annual General Meeting
Liberty Financial Group Annual General Meeting For personal use only 24 October 2024
Slide 6: Agenda
Agenda 01 Introduction For personal use only 02 Chair Address 03 CEO Address 04 Formal Business 05 Questions 06 Closing Remarks
Slide 7: Introduction
For personal use only 01 Introduction
Slide 8: Chair Address
For personal use only 04 Chair Address
Slide 9: Mr Richard Longes
For personal use only Mr Richard Longes
Slide 10: CEO Address
For personal use only 03 CEO Address
Slide 11: Mr James Boyle
For personal use only Mr James Boyle
Slide 12: Business Update
Business Update For personal use only New loan origination reflecting competitive environment Portfolio growth through targeted diversification % NIM stable Customer hardship and delinquency within expectations Strong and stable broker and customer net promoter score Continued investment in digital
Slide 13: FY24 Operating Highlights
FY24 Operating Highlights For personal use only Average financial assets New assets originated Impaired loans $14.1b ($13.2b) $5.7b ($5.4b) $309m ($198m) +7% +5% +56% Average FTE Staff Broker NPS Customer NPS 535 (546) 82 (82) 60 (59) (2%) -% +2% |9 *Balances represent: FY24 (FY23) change between th
Slide 14: FY24 Financial Highlights
FY24 Financial Highlights For personal use only % Underlying NPATA Net revenue NIM $132m ($187m) $583m ($590m) 2.51% (2.76%) (29%) (1%) (25bps) BDD Cost to income Distribution 25bps (13bps) 28.0% (26.9%) 25c (45c) +12bps +110bps (44%) | 10 *Balances represent: FY24 (FY23) change between the periods
Slide 15: Loan Origination 1Q25
Loan Origination 1Q25 For personal use only Residential ($'m) Secured ($'m) $548 $882 $876 $506 $450 $732 Lower loan origination reflecting New loan origination supported by increased competitive environment improved demand for credit as in motor finance interest rates stabilise Stable SME and SMSF
Slide 16: Loan Portfolio 1Q25
Loan Portfolio 1Q25 For personal use only Residential ($'m) Secured ($'m) $5,655 $5,748 $7,989 $8,033 $8,035 $4,998 Stable portfolio following recent Continued growth in Secured loan growth in new loan originations portfolios as new origination higher exceeding loan discharges than discharges and am
Slide 17: Outlook
Outlook For personal use only Economic indicators support portfolio growth Elevated customer hardship support ongoing Increasing bad debts from asset mix and hardship % NIM stabilising Automation to improve operational efficiency Investment in broker and customer digital experiences | 13
Slide 18: Thank you for joining us
For personal use only Thank you for joining us
Slide 19: Appendix
For personal use only Appendix
Slide 20: Disclaimer
Disclaimer The information provided in this presentation and any information supplied in connection with this No offer of securities For personal use only presentation (“Presentation”) has been prepared by Liberty Financial Group Limited (ACN 125 611 574) This Presentation is not, and does not const
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