Westpac Banking Corporation · ASX:WBC

Westpac Banking — Shareholder Meeting (December 2011)

14 slides from Westpac Banking's shareholder meeting presentation, Dec 14, 2011

  1. Slide 1: 2011 Annual General Meeting

    For personal use only 2011 Annual General Meeting Westpac Banking Corporation ABN 33 007 457 141

  2. Slide 2: Chairman: Ted Evans AC

    For personal use only 2011 Annual General Meeting Ted Evans AC Chairman Westpac Banking Corporation ABN 33 007 457 141

  3. Slide 3: Cash earnings and cash earnings per share

    Cash earnings and cash earnings per share For personal use only Cash earnings ($bn)1,2 Cash earnings per ordinary share (cents)1,2 7 250 6.3 5.9 209 6 189 198 198 5.0 200 5 4.7 167 164 152 150 139 4 3.5 124 125 3.1 3 2.6 2.8 100 2.2 2.3 2 50 1 0 0 1. Cash earnings is net profit attributable to equit

  4. Slide 4: Gail Kelly, Chief Executive Officer

    For personal use only 2011 Annual General Meeting Gail Kelly Chief Executive Officer Westpac Banking Corporation ABN 33 007 457 141

  5. Slide 5: Sound financial result

    Sound financial result For personal use only Change FY11 FY10 – FY11 Cash earnings $6,301m 7%  Cash EPS 209.3c 6%  Reported Net Profit After Tax $6,991m 10%  Impairment charges to average loans 20bps (10bps)  Return on ordinary equity (cash basis) 16.0% (10bps) - Expense to income ratio (cash ba

  6. Slide 6: Ensuring a strong company for the long run

    Ensuring a strong company for the long run For personal use only Tier 1 Capital Ratio (%)1 Liquid assets ($bn) 9.7 103 9.1 7.8 8.1 82 74 45 Sep-08 2 Sep-09 Sep-10 Sep-11 Sep-08 2 Sep-09 Sep-10 Sep-11 1 Based on APRA methodology. 2 Excludes St.George. Westpac Group 2011 Annual General Meeting 6

  7. Slide 7: Dividend cents, up 12%

    Dividend 156 cents, up 12% For personal use only Dividends per ordinary share (cents per share) 156 142 139 131 116 116 100 86 78 70 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Westpac Group 2011 Annual General Meeting 7

  8. Slide 8: Outstanding portfolio, all divisions well placed

    Outstanding portfolio, all divisions well placed For personal use only Cash earnings change FY10 – FY11 Westpac Retail & Business Banking + 11% Westpac Institutional Bank – 2% St.George Banking Group + 12% BT Financial Group + 9% New Zealand1 + 41% 1 In NZ$. Westpac Group 2011 Annual General Meeting

  9. Slide 9: Significant progress on strategic agenda

    Significant progress on strategic agenda For personal use only Grew customer numbers and deepened relationships Distinct multi-brand platform in place and delivering Enhanced productivity and maintained efficiency advantage Major investment program on track Completed 3 year St.George merger integrat

  10. Slide 10: The Journey Ahead

    For personal use only The Journey 2011 Annual Ahead General Meeting Gail Kelly Chief Executive Officer Westpac Banking Corporation ABN 33 007 457 141

  11. Slide 11: Strong strategic position

    Strong strategic position For personal use only Market capitalisation of world’s largest banks1 (US$bn) 300 200 100 0 Expense to income ratio2 of the world’s largest banks (%) 85% 65% 45% 25% 1 Source Capital IQ at 30 September 2011 Based in $US. 2 Source BCG data obtained from reports Dec 10 to Jun

  12. Slide 12: Merger has lifted the Group to leading position

    Merger has lifted the Group to leading position For personal use only Share Metric Market share Rank Housing Credit1 26% 2 Credit cards1 23% 2 Household deposits1 23% 2 Wealth platforms2 20% 1 Institutional banking3 Lead bank 1 1. Source: APRA 2. Source: Plan for Life 3. Source: Peter Lee Associates

  13. Slide 13: Second phase – Areas of focus

    Second phase – 5 Areas of focus For personal use only 1 Deliver benefits from deeper customer relationships 2 Leverage multi-brand opportunity 3 Accelerate productivity agenda 4 Drive employee engagement & increased diversity 5 Balance sheet strength a priority Westpac Group 2011 Annual General Meet

  14. Slide 14: Disclaimer

    Disclaimer The material contained in this presentation is intended to be general background information on Westpac Banking Corporation and its activities. For personal use only The information is supplied in summary form and is therefore not necessarily complete. Also, it is not intended that it be

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