Bnk Banking Corporation Limited · ASX:BBC
Bnk Banking — Investor Presentation (February 2020)
20 slides from Bnk Banking's investor presentation, Feb 28, 2020
Slide 1: FY20 Half Year Results Presentation
FY20 Half Year Results Presentation BNK BANKING CORPORATION LIMITED 28 February 2020
Slide 2: Disclaimer
Disclaimer FY20 HALF YEAR RESULTS This presentation contains certain forward looking statements with respect to the financial condition, results of operations, business plans and objectives of management. All such forward‐looking statements involve known and unknown risks, significant uncertainties,
Slide 3: FY20 Half Year Financial Highlights
FY20 Half Year Financial Highlights POST MERGER SCALE AND OPERATING LEVERAGE DRIVING PROFITABLE GROWTH BNK is pleased to report a first half FY20 statutory result of NPAT $3.0m, an improvement of $2.3m on the prior year, driven by post merger scale, market share gains and accelerating loan book grow
Slide 4: Loan Book & Settlement Growth
Loan Book & Settlement Growth ACCELERATING HIGHER MARGIN BOOK GROWTH Strong loan book and settlement growth in higher margin 1H19 1H20 $ Var % Var on balance sheet lending. Aggregation continues to perform with record settlement and loan book volumes. Bank Settlements Loan Book (000's) By Quarter, T
Slide 5: Summary Profit & Loss
Summary Profit & Loss EARNINGS MOMENTUM TRANSLATING INTO POSITIVE 1H20 PERFORMANCE GROUP ($m) BANK WS AGR Elm 1H20 1H19 • Statutory NPAT of $3.0m, up 348% YoY Net Commission - 3.4 3.6 (0.2) 6.8 5.1 Statutory NPAT of $3.0m, up by 87.5% YoY on a Pro-Forma basis Net Interest Income 2.4 (0.0) (0.2) 0.1
Slide 6: Summary Balance Sheet
Summary Balance Sheet STRONG BALANCE SHEET SETTINGS FOR GROWTH GROUP ($m) 1H19 1H20 $ Var % Var Assets • On Balance sheet Lending up $89m, or +51% YoY Cash & Equivalents 67.2 64.1 (3.1) (5%) NPV Asset 227.8 327.4 99.5 44% Loans & Advances 175.8 265.2 89.4 51% • MLH of 16.8% driving funding efficienc
Slide 7: Aggregation $42b
Aggregation 1H20 KEY HIGHLIGHTS $42b Aggregation Loan Book Increase of $6.4b from 1H19 1,667 Loan Writers Increase of 86 from 1H19 Finsure maintains a large and proportionately spread broker base across all $5.0m EBITDA States/Territories in Australia. Increase of $0.2m from 1H19 Average revenue (ex
Slide 8: 1H20 Operational Highlights
1H20 Operational Highlights KEY HIGHLIGHTS BNK enjoys scale but is not limited by bureaucratic cultures and restrictive legacy systems, structures and practices Launch of Infynity Implementation of Bank@Post In August 2019 Finsure’s advanced CRM technology was launched to market Launched Bank@Post t
Slide 9: Strong Outlook
Strong Outlook BNK 3 YEAR OUTLOOK Merging the BNK (banking) and Better Choice (wholesale) businesses and working with the Finsure (aggregation) business has enabled BNK to strengthen the group’s ability to accelerate growth targets in the Australian mortgage sector and expand existing banking servic
Slide 10: Our Competitive Advantage: Award Winning Services
Our Competitive Advantage Award Winning Services
Slide 11: Our Vision
Our Vision BNK WILL COMBINE FLEXIBILITY AND SCALE TO CREATE AUSTRALIA’S MOST COMMERCIALLY AGILE BANKING GROUP BNK is the bank where real people work together to leverage our strengths so that we can help more customers achieve their financial goals. We retain the flexibility to respond at speed to t
Slide 12: Our Values and Our People the Difference
Our Values and Our People the Difference Real people working together to leverage our strengths to help more people achieve their financial goals Trust Unity Work hard Protect the trust we build with our We are in this together, even Successful people have a customers and each other. It is when the
Slide 13: BNK will become the Bank of Enterprising Australians
BNK will become the Bank of Enterprising Australians SERVICING A LARGE AND EASILY IDENTIFIED YET UNDERSERVICED MARKET Highly identifiable ENTREPRENEURS who run their own businesses FREELANCE C O N T R A C T O R S OF THE 2.3M ACTIVELY TRADING AUSTRALIAN BUSINESSES GOOD INCOMES AND ASSETS 93.1% 2.15m
Slide 14: Profitable Now & Positioned for Growth
Profitable Now & Positioned for Growth Enterprising Data smarts - sheer volume of product delivered provides access to data and BNK analytics produces value of manufacturing and marketing purposes Neo banks BNK Unrestricted ADI licence – 38 year operating history with no legacy technology, Small Sca
Slide 15: Group Accolades
Group Accolades Award winning services across all businesses Each business unit in our group has received recognition for excelling in their particular channels 2020 Australian Lending Awards Best Non-Bank (Better Choice) Best Aggregator (Finsure) 2020 Mozo Experts Choice Awards Best Small Business
Slide 16: Appendix
Appendix
Slide 17: Board Of Directors
Board Of Directors Jon Sutton CHAIRMAN AND NON-EXECUTIVE DIRECTOR Mr. Jon Sutton is a successful senior executive with over 24 years’ experience in financial services including over eight years banking CEO experience. Jon was the CEO and Managing Director of the Bank of Queensland (BOQ) and retired
Slide 18: Board Of Directors
Board Of Directors John Kolenda EXECUTIVE DIRECTOR Mr Kolenda was appointed a Director on 13 March 2018. Mr Kolenda is the Managing Director of Finsure Group, and has extensive experience in the mortgage broking and aggregation sector. Finsure was ranked sixth in BRW Magazine’s Fast 100 List in 2016
Slide 19: Our Executive Team
Our Executive Team Jussi Nunes GROUP CHIEF FINANCIAL OFFICER Jussi joined BNK Banking Corporation Ltd as Group Chief Financial Officer, in December 2018, to lead the financial management framework of the recently merged entity. He has 18 years of banking and financial management experience, which st
Slide 20: Our Executive Team
Our Executive Team Simon Bednar GM AGGREGATION An executive with 15 years experience covering a Sales, Business Consultancy, project management, IT operations, and executive recruitment, primarily focused within the Finance Sector. Simon has a Bachelor of Engineering and spent 8 years as Chief Opera