Capitol Federal Financial, Inc. · NASDAQ:CFFN
Capitol Federal Financial — Investor Presentation (July 2007)
20 slides from Capitol Federal Financial's investor presentation, Jul 31, 2007
Slide 1: Capitol Federal Financial (CFFN)
Capitol Federal Financial (CFFN)
Slide 2: Safe Harbor Disclosure
Safe Harbor Disclosure Except for the historical information contained in this presentation, the matters discussed may be deemed to be forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties, including changes in ec
Slide 3: Capitol Federal Franchise
Capitol Federal Franchise Topeka (6) Greater Kansas City (14) Manhattan (2) Kansas City, KS (1) Salina (1) Wichita (6) Olathe (3) Emporia (1) Lawrence (4)
Slide 4: Corporate Structure
wy) Corporate Structure
Slide 5: Management Strategy
Management Strategy • Single-Family Portfolio Lender • Retail Financial Services • Commitment to Cost Control • Excellent Asset Quality • Strong Capital Position • Stockholder Value
Slide 6: Loan Portfolio
Loan Portfolio Non Real Other Real Estate Estate 4% 2% Single Family 94%
Slide 7: Earning Asset Mix
Earning Asset Mix Cash & Investments Other Loans 14% 4% Single-Family Loans Mortgage- 62% Related Securities 20%
Slide 8: Retail Financial Services
Retail Financial Services • Transaction & Money Market Accounts • Certificates of Deposit • Retirement Accounts • Insurance Products • Alternative Investment Opportunities • Consumer Lending
Slide 9: Costing Liability Mix
Costing Liability Mix Certificates Transaction Money Market 35% 10% 12% Borrowings 43%
Slide 10: Commitment to Cost Control
Commitment to Cost Control 55.0 • Efficiency ratio below 45.0 industry average 35.0 (in percent) 25.0 2003 20041 2005 2006 2007 YTD 0.90 • Operating expense ratio 0.80 has increased modestly 0.70 (in basis points) 0.60 2003 20041 2005 2006 2007 YTD As of fiscal year end 1 The 2004 ratios are not pre
Slide 11: Excellent Asset Quality
Excellent Asset Quality • Non-performing assets 0.15 to total assets remains 0.10 very low 0.05 0.00 2003 2004 2005 2006 2007 YTD • Allowance for loan 0.15 losses to total loans 0.10 0.05 remains appropriate 0.00 2003 2004 2005 2006 2007 YTD As of fiscal year end.
Slide 12: Strong Capital Position
Strong Capital Position 12.5% 10.5% 8.5% 6.5% 4.5% 2.5% 0.5% FY 2003 FY 2004 FY 2005 FY 2006 YTD 2007
Slide 13: Financial Performance
Financial Performance FY FY YTD 2005 2006 Mar 31, 2007 Net income $65,059 $48,117 $18,707 Diluted EPS $0.89 $0.66 $0.26 Assets $8,409,687 $8,199,073 $8,097,293 Liabilities $7,544,624 $7,335,854 $7,226,669 Equity $865,063 $863,219 $870,624 Amounts in thousands
Slide 14: Financial Performance
Financial Performance FY FY YTD Mar 2005 2006 31, 2007 ROAA 0.77% 0.58% 0.46% ROAE 7.62% 5.58% 4.32% Shares eligible for dividends 20,480,964 20,427,643 20,665,807
Slide 15: Net Interest Margin
Net Interest Margin 2.00% 1.50% 1.00% 0.50% FY 2003 FY 2004 FY 2005 FY 2006 YTD 2007
Slide 16: Stockholder Value
Stockholder Value • In November 2003, the Board adjusted its dividend policy with the intent to pay its $2.00 per share calendar year dividend in four equal quarterly installments, • In January 2005, the board enhanced this strategy by committing to pay out 25% of the prior year’s reported net incom
Slide 17: Stockholder Value
Stockholder Value • CFFN paid a $0.09 per share special dividend in December 2006 under the enhanced dividend policy. • CFFN declared a $0.50 per share regular quarterly dividend in July 2007.
Slide 18: Stockholder Value
Stockholder Value • Cumulative dividends paid since our IPO in March 1999 total $13.27, providing participants in our IPO a return in excess of their original investment. • We have maintained a balance between adequate capital and shareholder value.
Slide 19: Calendar Year Dividend History
Calendar Year Dividend History $2.50 $2.00 $1.50 $1.00 $0.50 $- CY 99 CY 00 CY 01 CY 02 CY 03 CY 04 CY 05 CY 06 CY 07 YTD Cumulative dividends paid since IPO total $13.27.
Slide 20: Capitol Federal Financial (CFFN)
Capitol Federal Financial (CFFN)
Capitol Federal Financial — Investor Presentation (July 2007) on 6ix