21
Annual General Meeting 16 December 2004
Annual General Meeting
16 December 2004
Annual General Meeting
16 December 2004
Leon Davis Chairman
2004 Annual General Meeting3
Financial highlights
124.
5
90.8 10
5.5 12
3.8
2000
2001
2002
2003
2004
Cash earnings per share138.6¢
Cents per share
2,18
3
2,19
2
1,90
3
1,71
520
00
2001
2002
2003
2004
Profit$2,539m
$m
2004 Annual General Meeting4
Efficiency
Expense to income
%
51
5553
56
30
35
40
45
50
55
60
2000 2001 2002 2003 2004
49%
2004 Annual General Meeting5
All businesses contributing
19
25
16
16
0 5 10 15 20 25 30
NZ Banking
Institutional Bank
BT Financial Group
Business &Consumer Banking
Cash earnings growth (%)
1 NZ % growth in AUD terms
1
2004 Annual General Meeting6
Dividends
2833
39 4354
6270
78
47
0
20
40
60
80
100
120
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
86¢
Cents per share
Dividends
2004 Annual General Meeting7
Stakeholder impact reports
2004 Annual General Meeting8
Share performance
Total shareholder return on $1,000 invested on 1 October 1999
$750
$1,000
$1,250
$1,500
$1,750
$2,000
$2,250
$2,500
1-Oct-99 1-Oct-00 1-Oct-01 1-Oct-02 1-Oct-03 1-Oct-04
Westpac
All Ordinaries
$2,270
$1,562
30-Sep-04
Annual General Meeting
16 December 2004
David Morgan Chief Executive Officer
2004 Annual General Meeting10
Sticking to the plan
2004 Annual General Meeting11
Leadership
47%
75%
0
10
20
30
40
50
60
70
80
2000 2004
% of employees reporting a positive score to getting a clear sense of direction
2004 Annual General Meeting12
2004 Annual General Meeting13
Clear aspirations
• Top quartile shareholder returns
• Service leadership in our industry
• Best practice employee commitment
• Leadership in corporate responsibility
Annual General Meeting
16 December 2004
2004 Annual General Meeting15
Item 1: Financial reports
To lay before the Annual General Meeting:
• The Annual Financial Report
• Director's Report; and
• The Audit Report
of Westpac Banking Corporationfor the year ended 30 September 2004,for shareholders to consider
2004 Annual General Meeting16
Item 2. Election of Directors
• Edward Alfred Evans
• Gordon McKellar Cairns
2004 Annual General Meeting17
Item 2(a). Election of Director – Mr E.A. Evans
Resolution:
“That Edward Alfred Evans, who retires in accordance with Articles 9.2 and 9.3 of the Constitution, be re-elected as a Director ofWestpac Banking Corporation.”
2004 Annual General Meeting18
Resolution 2(a): Election of Mr E.A. Evans
Votes directed in favour 702,877,609
Votes directed against 15,580,148
Undirected votes at disposal of the Board 55,181,149
Undirected votes at disposal of other people 3,194,653
Total votes available 776,833,559
Abstain 1,524,591
Note: These figures relate to the proxies lodged 48 hours prior to the meeting.
2004 Annual General Meeting19
Item 2(b). Election of Director – Mr G.M. Cairns
Resolution:
“That Gordon McKellar Cairns, being a Director appointed since the last Annual General Meeting and who offers himself for election pursuant to Article 9.7 of the Constitution, be elected as a Director ofWestpac Banking Corporation.”
2004 Annual General Meeting20
Resolution 2(b): Election of Mr G.M. Cairns
Votes directed in favour 702,723,627
Votes directed against 15,702,325
Undirected votes at disposal of the Board 55,379,998
Undirected votes at disposal of other people 3,208,453
Total votes available 777,014,403
Abstain 1,345,747
Note: These figures relate to the proxies lodged 48 hours prior to the meeting.
Annual General Meeting
16 December 2004
