Post on 14-Dec-2015
transcript
Changed status from a credit union to a bank
Standard and Poor’s international credit rating
Successful merger
New product
Highlights of 2012/13
Members 200,000
Employees 600
Assets Under Management $4 Billion
Branches 50
2012 / 13 Pre Tax Profit $32.2 Million
2012 / 13 After Tax Profit $23.2 Million
Some Key Figures
30/06/2005 30/06/2013
Total Income $78.3 million $245.2 million
Total Assets $895 million $3.8 billion
Total Deposits $786 million $3.05 billion
Total Loans $797 million $3.3 billion
Total Reserves $65.2 million $315.2 million
Net profit before tax $9.6 million $32.2 million
Net profit after tax $6.6 million $23.2 million
Capital Adequacy 12.2% 16.3%
Cost/Income 75.73% 70.63%
Comparison 30 June 2005 & 30 June 2013
Net Profit After Tax of $23.2m, down 17.8%
Group assets under management up 4.7% to $3.8bn
Investment in strategy increases cost to income ratio to 71%
New lending of $640m in a subdued economic environment
$1.6m contributed to our local communities (being 7% of profit)
Loan arrears down to 0.47% and still well below industry averages
2012/13 Performance Overview
2011 2012 2013$0.0m
$5.0m
$10.0m
$15.0m
$20.0m
$25.0m
$30.0mNet Profit after Tax Underlying Profit
Beyond Bank Australia
2011 2012 20130.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
14.00%
16.00%
18.00%16.14% 16.09% 16.18%
Capital Adequacy
Beyond Bank Australia
2011 2012 2013-$200k
-$100k
$0k
$100k
$200k
$300k
$400k
$500k
$600kBeyond Advice Profit (after tax) Underlying
Beyond Bank Australia
2011 2012 201350.0%
55.0%
60.0%
65.0%
70.0%
75.0%Operating expenses to net operating income
Beyond Bank Australia
2011 2012 2013$2.00bn
$2.20bn
$2.40bn
$2.60bn
$2.80bn
$3.00bn
$3.20bn
$3.40bnLoans Under Management
Beyond Bank Australia
2011 2012 20130.00%
0.10%
0.20%
0.30%
0.40%
0.50%
0.60%
0.70%Credit Risk - Loan Arrears Ratio*
Being loans in arrears > 30 days as a portion of the total loan portfolio
Beyond Bank Australia
2011 2012 2013 2014f$0.0m
$5.0m
$10.0m
$15.0m
$20.0m
$25.0m
$30.0mProfit expectations
Beyond Bank Australia
• Lower 2013 profitability due to reduced member fees and charges and a significant investment in strategy but 2014 expected to improve
• Prudential standing maintained with strong capital adequacy and liquidity levels
• Credit quality of loan portfolio pristine with arrears levels further reduced
• Ongoing focus on internal controls to minimise fraud losses
• Thanks to management team and staff for an outstanding result
In Summary…
Election of Directors
6 candidates – 3 vacancies
6 candidates – all assessed “fit and
proper”
Computershare Pty Ltd – conduct an
independent ballot
Results of BallotNumber of votes cast for each candidate:
1. Steve Nolis 3,548 (appointed for a 3 year term)
2. Heather Webster 3,519 (appointed for a 3 year term)
3. Geoffrey Knuckey 3,268 (appointed for a 3 year term)
4. Margaret Patrick (Carmody) 2,608
5. Christina Ryan 2,340
6. Geoffrey Parnell 1,315
Appointment of a Director
Resolution to be put:
“That Steven Arndt’s appointment as an elected Director of Beyond Bank Australia from the end of the 2013 AGM until the end of the 2015 AGM be
ratified.”
2013 AGM
Resolution to be put:
“That the Constitution of Beyond Bank Australia be hereby amended as set out in Explanatory Note 3 on the Item of Business section of the
Notice convening the meeting.”
2013 AGM
Resolution to be put:
“That the Constitution of Beyond Bank Australia be hereby amended as set out in Explanatory Note 3 on the Item of Business section of the
Notice convening the meeting.”