Anz Group Holdings Limited · ASX:ANZ
Anz — Australia and New Zealand Banking Group — H1 2003 Earnings Presentation
76 slides from Anz's earnings presentation, Jun 3, 2003
Slide 1: Australia and New Zealand Banking Group Limited (ANZ, or the Group)
Australia and New Zealand Banking Group Limited (ANZ, or the Group) recorded a profit after tax of $1,141 million for the half year ended 31 March 2003, a reduction of 10% over the September 2002 half year. Earnings per ordinary share were 11.1% lower, at 72.0 cents, and return on ordinary sharehold
Slide 2: Profit after tax for the March 2003 half year at $1,141 million was 9% higher
Profit after tax for the March 2003 half year at $1,141 million was 9% higher than the prior comparative half year. Earnings per share increased 9% to 72.0 cents while return on ordinary shareholders’ equity was down from 21.6% to 20.3%. The March 2002 half-year included two significant transactions
Slide 3: Funds under management marginally decreased
Funds under management marginally decreased over the half year reflecting relatively strong inflows, particularly for ING OneAnswer and other retail products offset by outflows driven by negative investor sentiment, low equity market returns and specific wholesale outflows. However the result is ple
Slide 4: Key retail products and platforms recorded positive net inflows
Key retail products and platforms recorded positive net inflows for the half. This result supports INGA’s objective of focusing growth on key retail platforms. The mezzanine and wholesale products are generally more volatile and reflect specific individual outflows. Achievements and outlook • INGA i
Slide 5: Value ascribed to entities contributed to INGA
• At inception, the sum of the value ascribed to the entities contributed to INGA was $3.75 billion. ANZ’s 49% share equalled $1.84 billion. ANZ’s carrying value of $1.59 billion arises after deduction of the profit associated with the 49% of ANZ entities that in substance were not sold. • The value
Slide 6: Net Specie Provision
‘Net Specie Provision
Slide 7: Non-accrual loans
Non-accrual loans Gross non-accrual loans decreased to $1,153 million from $1,203 million at September 2002 mainly due to a reduction in the International portfolio as a result of a stable level of non-accruals and write-offs. New non-accruals of $409 million in the March 2003 half represent a reduc
Slide 8: sep01 Mar o2
sep01 Mar o2 Aus/iZ HURTUS Europe OAS
Slide 9: Specific provision coverage ratio of 48%
The Group remains well provided with a specific provision coverage ratio of 48%. Net non-accruals are $600 million (September 2002: $628 million) and represents 4.8% of shareholders’ equity at March 2003. Corporate Businesses Risk profile The Corporate Business lending risk grade profile shows a sma
Slide 10: Credit grade profile and power industry exposure
Grade Mar 02 Sep 02 Mar 03 B+ to CCC 3.0 % 2.9 % 3.1 % CCC and lower 1.9 % 1.7 % 1.6 % Internal credit ratings have been mapped to external credit grades in this table The two industry sectors that emerged as problems during the 2002 year were power and telecommunications. These continue to be close
Slide 11: Approximately 68% of ANZ's power industry exposure is investment grade
Approximately 68% of ANZ’s exposure to the power industry is investment grade. Last year the US power industry underwent some specific sectoral stress following market deregulation and ensuing expansions. While last year ANZ had been adversely affected by a small number of single name exposures (mos
Slide 12: Telecommunications and industry exposure
Many foreign Telecommunications companies continue to be exposed to high levels of debt. Last year ANZ had been adversely affected by its exposures to Marconi and one other customer. This year the situation appears to have stabilized, although the Group remains cautious about this sector internation
Slide 13: New and increased non accrual loans
Half year Mar 03 Half year Sep 02 Half year Mar 02 Movt Mar 03 v. Sep 02 Movt Mar 03 v. Mar 02 $M $M $M % % New and increased non accrual loans Australia -12 % -33 % New Zealand -14 % % Overseas markets -10 % -69 % Total new non accrual loans -11 % -50 % Further analysis on non-accrual loans at 31 M
Slide 14: Provisions and capital adequacy
As at Mar 03 As at Sep 02 As at Mar 02 Movt Mar 03 v. Sep 02 Movt Mar 03 v. Mar 02 $M $M $M % % Specific provision balance Australia % -25 % New Zealand -20 % -6 % Domestic Markets % -24 % Overseas markets -15 % % Total specific provision -5 % -5 % General provision 1,530 1,496 1,546 % -1 % Total pr
Slide 15: Share capital and options
12. Share capital and options Issued and quoted securities Number quoted Issue price per share Amount paid up per share Ordinary shares Total at 31 March 2003 1,513,387,858 Issued during half year 9,501,776 Preference shares Total at 31 March 2003 124,032,000 US$ 6.25 US$ 6.25 Half year Mar 03 Half
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Slide 76: Investor Presentation, May 2003
Link to searchable text of slide shown above Searchable text section of graphics shown above [GRAPHIC] In vestor Presentation Australia and New Zealand Banking Group Limited May 2003 [ANZ LOGO] Deli vering sustainable profit growth A track record of strong profit growth [CHART] What you can expect f
Australia and New Zealand Banking Group — H1 2003 Earnings Presentation on 6ix