Bsp Financial Group Ltd. · ASX:BFL
Bsp Financial — Q3 2023 Earnings Presentation
11 slides from Bsp Financial's earnings presentation, Oct 23, 2023
Slide 1: ASX cover letter for Q3/2023 Investor Presentation
Acting Company Secretary 23rd October 2023 Ms. Nicola Lombardi ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000 Australia For personal use only By Electronic Lodgment Dear Ms. Lombardi, BSP Financial Group Limited – Q3/2023 Investor Presentation In accordance with the ASX Listing Rules,
Slide 2: Investor Update Q3-2023
Investor Update For personal use only Q3-2023 Mark T. Robinson BSP Financial Group Limited [ARBN: 649 704 656, Incorporated in Papua New Guinea] UNAUDITED INVESTOR BSP Classification: UPDATE External Q3-23 Confidential
Slide 3: Disclaimer
Disclaimer NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR to take any action, whether in or out of the ordinary course of business, which executed, and subject to such limitations as may be provided in such INTO THE UNITED STATES the Company in its sole discretion deems necessary
Slide 4: South Pacific's #1 bank
South Pacific’s #1 bank BSP GROUP 16.3m mobile & online transactions per month For personal use only ~ 3.5m Customer accounts 125 branches Largest South Pacific network K15.0b [A$6.3b] K In net lending K36.1b [A$15.1b] In total assets K6.3b [A$2.4b on ASX] Market capitalisation 1 1 Market capitalisa
Slide 5: Q3-23 results overview
Q3-23 results overview For personal use only Q3-23 vs Q3-23 vs YTD [Km] Q3-23 Q3-22 Q3-22 QUARTER [Km] Q3-23 Q3-22 Q3-22 Revenue 2,048.7 1,919.7 +6.7% Revenue 707.6 633.3 +11.7% Operating expenses 808.4 723.0 +11.8% Operating expenses 297.5 252.8 +17.7% Operating profit 1,240.3 1,196.7 +3.6% Operati
Slide 6: Strong deposit and loan growth
Strong deposit and loan growth NET LOANS TOTAL ASSETS [Kb] [Kb] +6.8% For personal use only +13.2% 15.0 36.1 14.1 31.9 28.9 13.3 A$6.3b A$15.1b Sep-21 Sep-22 Sep-23 Sep-21 Sep-22 Sep-23 DEPOSITS DEPOSIT MIX [Kb] [Kb] Demand deposits Term deposits YoY +15.5% 3.1 2.8 2.7 13.9% 29.4 26.3 22.8 25.5 22.8
Slide 7: Key ratios remain strong
Key ratios remain strong RETURN ON AVERAGE EQUITY RETURN ON AVERAGE ASSETS [Annualised, %] [Annualised, %] -570bps For personal use only 27.5% 27.1% -70bps 3.2% 3.0% 21.4% 2.3% Q3-21 Q3-22 Q3-23 Q3-21 Q3-22 Q3-23 CAPITAL ADEQUACY1 COST TO INCOME [%] [%] +210bps -100bps 39.9% 42.0% 23.4 23.3 37.7% 22
Slide 8: Moving customers to digital channels
Moving customers to digital channels Q3-23 AVERAGE MONTHLY QoQ Q3-23 CHANNEL MIX For personal use only TRANSACTIONS 16.3m mobile & online ▲8% 60% 4.9m EFTPOS terminals ▲7% 18% 4.6m ATM ▲3% 17% 1.1m Branch & agency ▲9% 4% UNAUDITED INVESTOR BSP Classification: UPDATE External Q3-23 Confidential 7
Slide 9: Market capitalisation
Market capitalisation JANUARY 2022 JANUARY 2023 OCTOBER 2023 For personal use only +8.1% K5.7b K5.8b K6.3b … K12.25 on 3/1/22 … K12.41 on 3/1/23 … K13.50 on 17/10/23 +5.1% +1.6% $2.0b $2.3b $2.4b … $4.27 on 3/1/22 … $4.90 on 3/1/23 … $5.20 on 17/10/23 UNAUDITED INVESTOR BSP Classification: UPDATE Ex
Slide 10: Highlights
Highlights For personal use only Leading South Pacific brand … with origins dating back to 1957 Payments leader … moving customers to digital channels Continued strong operating income … allows for ongoing investment Strong balance sheet … liquidity and capital prudently managed UNAUDITED INVESTOR B
Slide 11: Thank you
THANK For personal use only YOU We welcome your questions 10 UNAUDITED INVESTOR BSP Classification: UPDATE External Q3-23 Confidential