BSP Financial Group Ltd. · ASX:BFL
BSP Financial — Bank of South Pacific — Q3 2019 Earnings Presentation
13 slides from BSP Financial's earnings presentation, 2019
Slide 1: Q3-2019 Investor Presentation
Q3-2019 Investor Presentation Group CEO – Robin Fleming
Slide 2: Disclaimer
Disclaimer NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES This presentation has been prepared and issued by Bank of South Pacific Limited (the “Company”), and may not be reproduced in whole or in part, nor may any of its contents be disclosed to any other p
Slide 3: Where BSP operates
Where BSP operates BSP is the leading financial services provider in the countries in which we operate #1 Loan market share in 5 countries #1 Deposit market share in 4 countries PNGX Share Price of K11.56 as at 30- Sep-19, Market cap of K5.40b BSP Classification: Internal Use Only Q3-2019 INVESTOR P
Slide 4: BSP’s growing service offering
BSP’s growing service offering Aligned to BSP’s geographical and income diversification strategy, BSP has expanded its product / service offering into both existing and new markets. Papua New Solomon Guinea Fiji Islands Samoa Cook Islands Vanuatu Tonga Cambodia Bank Bank Bank Bank Bank Bank Bank Fin
Slide 5: Channel growth
Channel growth Continued channel investment to improve service delivery across the BSP Group Total Branches 82 46 17 8 3 2 4 2 Branches 45 43 0 0 0 0 0 2 Sub Branches ATMs 546 317 121 32 24 12 27 13 EFTPOS 12,758 8,740 2,030 314 409 436 438 391 EFTPOS 555 358 44 52 36 8 30 27 Agent BSP Classificatio
Slide 6: Financials
Financials BSP Classification: Internal Use Only Q3-2019 INVESTOR PRESENTATION 6
Slide 7: Profit and Loss [Q3-19]
Profit and Loss [Q3-19] BSP’s NPAT increased by 1.7% on a year-on-year [Q3-18 vs Q3-19] basis. However, NPAT declined by 4.0% between Q2 and Q3, predominantly due to IFRS16 implementation cost impacts. Total Income Operating Lending Write- NPAT HIGHLIGHTS costs offs ● Q3-19 operating income is 1.2%
Slide 8: Balance sheet [Q3-19]
Balance sheet [Q3-19] BSP experienced little movement [-0.2%] in gross loans and advances in Q3-19, while deposits increased by 1.8%. Loans and advances grew by 5.5% on a year-on-year basis. Loans and Deposits Total Total Net assets / HIGHLIGHTS advances Assets Liabilities SH equity ● Gross total lo
Slide 9: Group key ratios [Q3-19]
Group key ratios [Q3-19] All key ratios remain positive COST TO INCOME TREND ROE [annualised] 43.1% 32.0% 30.8% 29.8% 40.1% 39.5% 39.4% 29.2% 28.1% 38.5% Q3-18 Q4-18 Q1-19 Q2-19 Q3-19 Q3-18 Q4-18 Q1-19 Q2-19 Q3-19 ROA [annualised] LOAN TO DEPOSIT RATIO 3.8% 3.8% 71.9% 3.7% 70.5% 69.5% 3.6% 3.6% 68.3
Slide 10: Group key risk ratios [Q3-19]
Group key risk ratios [Q3-19] Our risk ratios remain stable and asset quality remains sound CAPITAL ADEQUACY HIGHLIGHTS 3.1% 4.7% ● Capital adequacy ratio increased 7.3% 6.2% 6.5% slightly to 21.1% in Q3-19. 21.1% Remaining well in excess of the 15.0% 19.8% 19.4% 14.8% 12% prudential requirement. 14
Slide 11: Market strength
Market strength BSP maintains its strong market position across the Pacific … noting, its loan and deposit portfolios are predominantly PNG domiciled. LOANS MARKET SHARE Rank DEPOSIT MARKET SHARE Rank PNG 63% #1 PNG 62% #1 SI 56% #1 SI 51% #1 Tonga 42% #1 Cooks 42% #1 Cooks 39% #1 Tonga 38% #1 Samoa
Slide 12: Channels [Q3-2019]
Channels [Q3-2019] Mobile banking is our leading channel, with branches representing just 11% of total transactions in Q3-2019 … given continued focus on improving customer experience, with ongoing investment in EFTPOS, internet and mobile banking. QUARTERLY CHANNEL TRENDS [Q3-2019] ● Mobile transac
Slide 13: Share price
Share price Dividend yield of 12.0%, based on closing 30-Sep-19 K11.56 share price … and market capitalisation of ~ K5.4b. 03-Sep 2018 to 30-Sep 2019 K5.40b Details 12.00 1200 Market Cap 1,004 11.56 ● Interim dividend = 11.50 Share Price Share Price 11.38 1000 K0.38 per share K11.56 K9.48 30-Sep-19
Bank of South Pacific — Q3 2019 Earnings Presentation on 6ix