Bank Of Queensland Limited · ASX:BOQ
Bank Of Queensland — Shareholder Meeting (November 2017)
20 slides from Bank Of Queensland's shareholder meeting presentation, Nov 30, 2017
Slide 1: 2017 Annual General Meeting
7 2017 Annual General Meeting For personal use only 30 November 2017
Slide 2: Agenda
AGENDA Chairman’s address Roger Davis Chairman Managing Director & CEO’s address Jon Sutton Managing Director & CEO Formal business Roger Davis Chairman Bank of Queensland Limited 2017 AGM
Slide 3: 2017 Annual General Meeting
7 2017 Annual General Meeting For personal use only 30 November 2017
Slide 4: Chairman's address
7 Chairman’s address For personal use only Roger Davis Chairman
Slide 5: Chairman's address
CHAIRMAN’S ADDRESS » * Strong operational, strategic and financial results * Need for strategic agility ¢ Community trust a focus for the industry * Conservative risk settings Bank of Queensland Limited 2017 AGM 5
Slide 6: Chairman's address
CHAIRMAN’S ADDRESS » * Increased regulatory engagement and governance * Technology Environment * Customers and People ¢ Remuneration ¢ Continued need for level playing field
Slide 7: Managing Director & CEO's address
7 Managing Director & CEO's address For personal use only Jon Sutton Managing Director & CEO
Slide 8: FY17 Highlights
FY17 HIGHLIGHTS 1 — _ Improved second half performance 2 — Niche segments continue to grow 3 — Asset quality remains sound 4 —— Delivering ongoing cost savings to enable reinvestment 5 — Strong capital position provides flexibility Bank of Queensland Limited 2017 AGM 8
Slide 9: Key elements of the result
KEY ELEMENTS OF THE RESULT CASH EARNINGS AFTER TAX ($M)\") EARNINGS PER ORDINARY SHARE (CENTS)() 360 . 5, 97.6 73 989.5 97.3 95.6 FY13 PY14 PIS FY16 PY17 FY13 PY14 PIS FY16 PY17 RETURN ON EQUITY (%)") DIVIDENDS PER ORDINARY SHARE (CENTS) 10.3 10.4 84 i i i FY16 PYI7 FY13 PY14 PIS FY16 PY17 Hi Specia
Slide 10: Drivers of the result
DRIVERS OF THE RESULT LENDING GROWTH ($M) NET INTEREST MARGIN (%) 2,549 2477 a 1.92 1.97 4.94 = = i _ i a L a: | || FY13 FY14 FY15 FY16 FY17 FY13 FY14 FY1S FY16 FY17 COST TO INCOME RATIO (%)") LOAN IMPAIRMENT EXPENSE ($M) 46.0 46.8 46.6 115 44.3 43.9 86 x 7 LJ LU | : FY13 FY14 FY15 FY16 FYI7 FY13 PY
Slide 11: Improved second half performance
IMPROVED SECOND HALF PERFORMANCE SUMMARY LENDING GROWTH ($M) ¢ Lending growth returned to positive 822 + 2H17 Net Interest Margin rebounded to 1.90% as forecast + Loan Impairment Expense showed further improvement 157 1H17 2H17 NET INTEREST MARGIN (%) LOAN IMPAIRMENT EXPENSE ($M) 1.95 1.90 7 oe = 1H
Slide 12: For personal use only
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Slide 13: Asset quality remains sound
ASSET QUALITY REMAINS SOUND SUMMARY IMPAIRED ASSETS % OF GROSS LOANS (bps) * Pleasing results across all portfolios * Commercial and BOQ Finance performing particularly well + Housing solid, with pockets of weakness concentrated in Central QLD &WA COMMERCIAL LOAN ARREARS") BOQ FINANCE IMPAIRMENT EXP
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Slide 15: Strong funding & capital position
RONG FUNDING & CAPITAL POSITION Standardised Advanced 10.1% 10.1% 10.1% 10.0% * Good progress in relationship deposit growth * Strong capital position on any measure 9.4% 9.2% * 8c special dividend and DRP suspension announced 8.3% + Additional capital management options available CAGR a 4.2—17% b |
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Slide 18: For personal use only
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Slide 19: Outlook
OUTLOOK 1 — Current market conditions favour niche segment strategy 2 — _ Virgin Money & BOQ Specialist provide avenues for growth 3 — Remain cautious about outlook for housing market 4 — Building momentum in transformation delivery 5 — Strong capital position provides flexibility Bank of Queensland
Slide 20: Disclaimer
DISCLAIMER BS 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 with BOQ’s other periodic and continuous disclosure a
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