Bank Of Queensland Limited · ASX:BOQ
Bank Of Queensland — Macquarie Australia Investor Conference 2021
9 slides from Bank Of Queensland's conference presentation, May 6, 2021
Slide 1: Macquarie Australia Investor Conference
MACQUARIE AUSTRALIA INVESTOR CONFERENCE Thursday, 6 May 2021, Sydney: Bank of Queensland Limited (BOQ) Managing Director & CEO will be delivering the attached presentation at the Macquarie Australia Conference on 6 May 2021. ENDS Authorised for release by: The Disclosure Committee, Bank of Queenslan
Slide 2: Macquarie Investor Conference
Macquarie Investor Conference May 2021 All data as at 28 February 2021 unless otherwise stated BANK OF QUEENSLAND LIMITED ABN 32 009 656 740. AFSL NO 244616.
Slide 3: Key Messages
KEY MESSAGES 1. Continued support for our customers and people through COVID-19 2. Operational improvement driving business momentum, with strong housing loan growth of 1.6x system 3. Executing on our digital transformation 4. Strong balance sheet and capital, with sound asset quality 5. Acquisition
Slide 4: 1H21 Financial Results
1H21 FINANCIAL RESULTS Key financial results 1H21 2H20 1H20 1H21 vs 2H20 1H21 vs 1H20 Statutory net profit after tax ($m) 154 22 93 600% 66% Cash earnings after tax ($m) 165 74 151 123% 9% Cash return on average equity 7.8% 3.4% 7.5% 440bps 30bps Common Equity Tier 1 ratio 10.03% 9.78% 9.91% 25bps 1
Slide 5: Delivering Results and Executing the Transformation Roadmap
DELIVERING RESULTS AND EXECUTING THE TRANSFORMATION ROADMAP Key Metrics 1H20 2H20 1H21 Home lending system multiples1 1.2x system 0.2x system 1.6x system Growth, margin and Business lending system Lending growth in contracting 1.6x system Positive to system productivity multiples1 system Margin 1.89
Slide 6: Building the Digital Retail Bank of the Future
BUILDING THE DIGITAL RETAIL BANK OF THE FUTURE Foundational investment in a new Phase 2 underway including home First phase of the retail Launch of three Compelling and loans, expanded deposit and new fully digital personalised cloud environment loyalty offering and Open Banking digital bank launche
Slide 7: ME Acquisition Is Strategically and Financially Compelling
ME ACQUISITION IS STRATEGICALLY AND FINANCIALLY COMPELLING INTEGRATION PLANNING PROGRESSED AND REGULATORY APPROVALS UNDERWAY Significantly enhanced scale • Number of customers increases from ~900k to ~1.45m and portfolio mix for profitable • Broadly doubles retail banking GLAs to over $57 billion
Slide 8: Looking Ahead
LOOKING AHEAD 1. Environment more positive, with indications that Australia is relatively well placed with less likelihood of downside scenarios on unemployment and house prices given the success of the Government stimulus 2. Continued operational improvements to support business momentum 3. Focused
Slide 9: Disclaimer
DISCLAIMER IMPORTANT INFORMATION AND DISCLAIMER Summary information This is a presentation of general background information about Bank of Queensland Limited’s (BOQ’s) activities at the date of this document. It is in summary form and does not purport to be complete. It should be read in conjunction
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