Bendigo & Adelaide Bank Ltd. · ASX:BEN
Bendigo & Adelaide Bank — Macquarie Conference 2018
13 slides from Bendigo & Adelaide Bank's conference presentation, May 3, 2018
Slide 1: The future for Australian agriculture is bright
For personal use only The future for Australian agriculture is bright Alexandra Gartmann, CEO Rural Bank Macquarie Conference, 3 May 2018
Slide 2: Our vision
Our vision: to provide exceptional financial services, knowledge and leadership for Australian farmers to For personal use only grow
Slide 3: Rural Bank history
Rural Bank history For personal use only RBL Bendigo Bank and becomes a wholly- All Bendigo and Elders (then Futuris) owned subsidiary of Adelaide Bank agri establish Bendigo and Adelaide businesses unite under Elders Rural Bank as a Bank with Elders as a the Rural Bank brand joint venture distribut
Slide 4: A bright future for ag: production value rising
The value of Australian agricultural production has been increasing over the last 10 years. ABARES are forecasting For personal use only agricultural production will reach $63 billion in 2022-23. A bright future for ag
Slide 5: A bright future for ag: price and demand
Price has made a bigger contribution than volume over the last two decades. A weakening A$ and demand from a globally growing middle class bodes well for Australian For personal use only agriculture. A bright future for ag
Slide 6: A bright future for ag: exports and loan portfolio by state
While Victoria continues to be a strong contributor to the national value of agri-food exports, New South Wales had For personal use only the largest growth in 2016/17, up $1.3 billion Rural Bank loan portfolio by state 31 Dec 17 Vic 38.9% NT 1.1% QLD WA 18.7% 20.2% WA NSW 15.3% 14.7% SA 12.3% SA 13
Slide 7: A bright future for ag: farmland values
The value of farmland underpins farming businesses and rural communities. The national median farmland price increased by 7.1 per cent in 2017. The average annual For personal use only five year growth in median value per hectare is 5.1 per cent. Number of transactions (RHS) The Rural Bank Australia
Slide 8: Farm businesses: family owned and investing for the future
More than 99 per cent of all farms are family owned, and collectively they produce more than 93 per cent of For personal use only domestic food supply. Farmers are investing for the future and looking for growth Australia has the 2nd highest percentage of opportunities farmers aged <35 years in the
Slide 9: Farm businesses: consolidation and contribution to output
A small number of farm businesses are contributing the lions share to the agri economy For personal use only Australian farm businesses are consolidating, giving rise to In 2013 12 per cent of farm businesses with a turnover of larger operations with greater capacity to invest and innovate $700k - $
Slide 10: Farm lending
The December 2017 estimates for bank lending to farming For personal use only were $60 billion, up 4.5 per cent from June 2015 National estimated bank lending to farming Rural Bank loan exposure by industry 31 Dec 17 31 Dec 17 Farm Other 6.5% Farm Other 2.6% Intensive 4.2% Intensive 0.6% Vegetable 4
Slide 11: Rural Bank performance
Rural Bank performance For personal use only Change BEN bad and doubtful FY16 FY17 debts composition ($m) (FY16-17) 46.3 Performing loan growth ($m) 299 346 47 39.8 0.7 4.8 32.0 Revenue ($m) 176.6 176.7 0.1 45.6 35.0 32.6 % of group revenue 11.87% 11.46% -0.41% Direct costs ($m) (75.2) (75.6) 0.4 (0
Slide 12: Rural Bank loan portfolio
Rural Bank loan portfolio For personal use only Rural Bank average v median LVR Rural Bank performing loan growth 31 Dec 17 31 Dec 17 44 8% 5.91% 6.56% 43 6% 3.64% 42 4% 41 2% 40 39 0% 38 -2% -4% -2.59% -3.84% -3.71% -3.84% -6% Average LVR Median LVR Rural Bank loan portfolio and clients by tenure R
Slide 13: Thank you
For personal use only Thank you
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