Bank Of Queensland Limited · ASX:BOQ
Bank Of Queensland — Shareholder Meeting (December 2023)
36 slides from Bank Of Queensland's shareholder meeting presentation, Dec 5, 2023
Slide 1: Annual General Meeting
05 DECEMBER 2023 For personal use only ANNUAL GENERAL MEETING Bank of Queensland Limited
Slide 2: Acknowledgement of Traditional Custodians
For personal use only BOQ Group acknowledges the Aboriginal and Torres Strait Islander peoples as the Traditional Custodians of the land where we live and work. We pay our respects to Elders past and present. Artwork proudly created for Bank of Queensland (BOQ) by the Harristown Clontarf Academy, To
Slide 3: Important information and disclaimer
2023 ANNUAL GENERAL MEETING Important information and disclaimer For personal use only This is a presentation of general background information about Bank of Queensland ABN 32 009 656 740 and its consolidated entities (BOQ’s) activities at the date of this document. It is in summary form, does not p
Slide 4: Annual General Meeting
05 DECEMBER 2023 For personal use only ANNUAL GENERAL MEETING Bank of Queensland Limited
Slide 5: Chairman's Address
For personal use only CHAIRMAN’S ADDRESS Warwick Negus
Slide 6: Chairman's address
2023 ANNUAL GENERAL MEETING Chairman’s address For personal use only › Economic and operating environment – customers are adjusting to sustained high inflation and the rapid rise of interest rates; heightened levels of scams and fraud activity; ways of working have fundamentally changed and competit
Slide 7: Looking ahead
2023 ANNUAL GENERAL MEETING Looking ahead For personal use only › High quality Board and Management team in place to transform the business › Committed to the strategy building a future-fit, simpler and lean organisation › Focused on rebuilding and growing long-term shareholder value › Overseeing th
Slide 8: Managing Director & CEO's Address
For personal use only MANAGING DIRECTOR & CEO’S ADDRESS Patrick Allaway
Slide 9: Managing Director & CEO's address – key messages
2023 ANNUAL GENERAL MEETING Managing Director & CEO’s address – key messages For personal use only › Clear plan to address legacy issues and are making good progress in the execution against that plan › Continued investment in the business is required through this cycle of cost and margin headwinds,
Slide 10: FY23 overview
2023 ANNUAL GENERAL MEETING FY23 overview Higher total income offset by a return to normalised loan impairment expense and increased costs driven by inflation and transformation investment. Statutory earnings impacted by one-off items For personal use only Key financial results ($m) 1 FY23 FY23 v FY
Slide 11: FY23 divisional performance
2023 ANNUAL GENERAL MEETING FY23 divisional performance Positive NII growth in BOQ Business and Retail Bank, NPAT down due to higher costs and normalised impairment expenses For personal use only Retail Business FY23 FY221 FY23 v FY221 FY23 FY22 FY23 v FY22 Net interest income 929 919 1% 686 593 16%
Slide 12: Transforming the business
2023 ANNUAL GENERAL MEETING Transforming the business Making bold choices about our business to address legacy issues, build a future fit bank, uplift performance and drive shareholder value For personal use only Our strategic pillars are driving decisive action Addressing › Higher relative funding
Slide 13: Customer experience
2023 ANNUAL GENERAL MEETING Customer experience Elevating our customer voice and experience through a transformed operating model For personal use only Our Vision: To be the bank customers choose 149-year QLD heritage Customer focused Improving NPS Dedicated Group Executive Supporting local Supporte
Slide 14: Living our purposes and values
2023 ANNUAL GENERAL MEETING Living our purposes and values Building a sustainable business by supporting our customers and communities, creating an exceptional people experience and reducing our operational footprint For personal use only Customers and communities Enriching our people Environmental
Slide 15: Looking ahead
2023 ANNUAL GENERAL MEETING Looking ahead For personal use only › Well positioned with a strong foundation for future success › Uplifting our operational resilience, risk culture and compliance › Simplifying and optimising our business for growth with a lower cost to serve when the cycle turns › Aus
Slide 16: Formal Business
For personal use only FORMAL BUSINESS
Slide 17: Financial statements and reports
2023 ANNUAL GENERAL MEETING Item 1 Financial statements and reports For personal use only To receive and consider the Financial Report, Director’s Report and Auditor’s report for the Company and its controlled entities for the year ended 31 August 2023. Note: There is no requirement for shareholders
Slide 18: Questions
For personal use only QUESTIONS
Slide 19: Re-election of Mr Bruce Carter as Director
2023 ANNUAL GENERAL MEETING Item 2 Re-election of Mr Bruce Carter as Director For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: To re-elect Bruce Carter, who retires in accordance with the Company’s Constitution and, being eligible, of
Slide 20: Questions
For personal use only QUESTIONS
Slide 21: Re-election of Mr Bruce Carter – voting results
2023 ANNUAL GENERAL MEETING Item 2 Re-election of Mr Bruce Carter as Director For personal use only Votes Holders % Valid votes For 118,868,945 938 63.09% Open 2,450,909 408 1.30% Against 67,094,271 345 35.61% Total Valid 188,414,125 1,691 100% Abstain 546,393 98 N/A Total valid votes as a percentag
Slide 22: Group Polls
GROUP POLLS Ajuo asn jeuosiad 104
Slide 23: Remuneration report
2023 ANNUAL GENERAL MEETING Item 3 Remuneration report For personal use only To consider, and, if thought fit, to pass the following as a non-binding ordinary resolution: To adopt the Remuneration Report of the Company for the year ended 31 August 2023. Note: In accordance with section 250R of the C
Slide 24: Questions
For personal use only QUESTIONS
Slide 25: Remuneration report – voting results
2023 ANNUAL GENERAL MEETING Item 3 Remuneration report For personal use only Votes Holders % Valid votes For 110,401,414 592 58.58% Open 2,174,952 395 1.15% Against 75,896,083 708 40.27% Total Valid 188,472,449 1,695 100% Abstain 488,069 94 N/A Total valid votes as a percentage of Issued Capital: 28
Slide 26: Group Polls
GROUP POLLS Ajuo asn jeuosiad 104
Slide 27: Grant of Securities to CEO – FY24 Long Term Variable Reward
2023 ANNUAL GENERAL MEETING Item 4 Grant of Securities to the Managing Director & Chief Executive Officer – FY24 Long Term Variable Reward For personal use only To consider and, if thought fit, to pass the following as a non-binding ordinary resolution: That approval be given for all purposes, inclu
Slide 28: Questions
For personal use only QUESTIONS
Slide 29: FY24 Long Term Variable Reward – voting results
2023 ANNUAL GENERAL MEETING Item 4 Grant of Securities to the Managing Director & Chief Executive Officer – FY24 Long Term Variable Reward For personal use only Votes Holders % Valid votes For 162,023,148 378 85.86% Open 2,139,555 390 1.13% Against 24,532,526 943 13.00% Total Valid 188,695,229 1,711
Slide 30: Group Polls
GROUP POLLS Ajuo asn jeuosiad 104
Slide 31: Grant of Securities to CEO – FY23 Premium Priced Options
2023 ANNUAL GENERAL MEETING Item 5 Grant of Securities to the Managing Director & Chief Executive Officer – FY23 Premium Priced Options For personal use only To consider and, if thought fit, to pass the following as a non-binding ordinary resolution: That approval be given for all purposes, includin
Slide 32: Questions
For personal use only QUESTIONS
Slide 33: FY23 Premium Priced Options – voting results
2023 ANNUAL GENERAL MEETING Item 5 Grant of Securities to the Managing Director & Chief Executive Officer – FY23 Premium Priced Options For personal use only Votes Holders % Valid votes For 156,539,455 374 82.97% Open 2,174,429 393 1.15% Against 29,966,196 941 15.88% Total Valid 188,680,080 1,708 10
Slide 34: Group Polls
GROUP POLLS Ajuo asn jeuosiad 104
Slide 35: Final Questions
For personal use only FINAL QUESTIONS
Slide 36: Annual General Meeting
05 DECEMBER 2023 For personal use only ANNUAL GENERAL MEETING Bank of Queensland Limited
Bank of Queensland — Shareholder Meeting (December 2023) on 6ix