Full Year Results 30 June 2003 Presentation to Media - PowerPoint PPT Presentation

About This Presentation
Title:

Full Year Results 30 June 2003 Presentation to Media

Description:

The material that follows is a presentation of general background information ... Non-UK includes New Zealand and Asia. Full Year Results 20 August 2003. 8 ... – PowerPoint PPT presentation

Number of Views:44
Avg rating:3.0/5.0
Slides: 16
Provided by: cha73
Category:

less

Transcript and Presenter's Notes

Title: Full Year Results 30 June 2003 Presentation to Media


1
Full Year Results 30 June 2003 Presentation to
Media
  • David Murray
  • 20 August 2003

www.commbank.com.au
2
Disclaimer
  • The material that follows is a presentation of
    general background information about the Banks
    activities current at the date of the
    presentation, 20 August 2003. It is information
    given in summary form and does not purport to be
    complete. It is not intended to be relied upon as
    advice to investors or potential investors and
    does not take into account the investment
    objectives, financial situation or needs of any
    particular investor. These should be considered,
    with or without professional advice when deciding
    if an investment is appropriate.

3
Agenda
  • Results
  • Group
  • Business Segments
  • Outlook
  • Operating Environment
  • Financial Services Industry
  • Direction

4
3 increase in cash profit in line with
expectations at last AGM
Jun 2003 2,012m 2,579m 203cps
Jun 2002 2,655m 2,501m 197cps
Change (24) 3 3
  • Statutory Net Profit After Tax
  • Net Profit After Tax (cash basis)
  • Earnings per Share (cash basis)

excluding goodwill amortisation of 322 million
and reduction in appraisal value of the wealth
management businesses of 245 million
5
Another record dividend
Jun 2003 154cps 75.9
Jun 2002 150cps 76.2
Change 3 -
  • Dividends per Share
  • Dividend Payout Ratio

154
150
136
130
115
104
102
90
82
60
42
6
Banking performance drives a 9 underlying growth
7
Lower results in funds management consistent with
tough market conditions
  • Income to FUM stable at 116 basis points
  • FirstChoice growing rapidly to 3.2bn

bn
Net Funds Flow
Cash Management Trusts Non-UK includes New
Zealand and Asia
8
Steady operating margins and improving investment
returns for life insurance
9
Implementation of strategic initiatives
  • Redesign of our branch telling system
  • Small business and corporate process redesign
  • Home loan process redesign
  • ATM replacement
  • NetBank upgrade

10
Outlook
  • Operating Environment
  • Australian economy reasonably resilient but
    remains dependent on US recovery
  • Positive signs emerging
  • Significant potential financial imbalances from
    US deficits
  • Financial Services Industry
  • Highly competitive
  • Environment of reducing margins
  • Possible slowing of credit growth

11
Value Creation Phases
12
Online banking, integral to the way customers
transact
  • First major bank to launch internet banking
  • 2.8m customers registered for NetBank
  • 1.3m customers registered for our other internet
    services including
  • CommSec
  • First Net and First Net Adviser
  • Over half of all bill payments now being done
    online
  • Almost half of all home loan redraws now done
    online

13
Colonial merger, added banking, funds and life
insurance to an existing product mix
14
Customer service culture, the next transformation
  • Customer Service
  • through
  • Engaged People
  • supported by
  • Simple Processes

15
Full Year Results 30 June 2003 Presentation to
Media
  • David Murray
  • 20 August 2003

www.commbank.com.au
Write a Comment
User Comments (0)
About PowerShow.com