BSP Financial Group Ltd. · ASX:BFL
BSP Financial — Bank of South Pacific — Q3 2018 Earnings Presentation
14 slides from BSP Financial's earnings presentation, Oct 25, 2018
Slide 1: Investor Presentation Q3-18 Results
INVESTOR PRESENTATION Q3-18 results Robin Fleming – Group Chief Executive Officer 25th October 2018
Slide 2: Disclaimer
Disclaimer NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY This presentation has been prepared and issued by Bank of South Pacific Limited (the “Company”), and may not be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 person without the prior writte
Slide 3: Markets where BSP operates
Markets where BSP operates BSP is the leading financial services provider in the markets we operate #1 Loan market share in 4 x markets #1 Deposit market share in 4 x markets POMSOX Market cap of K4.7b [30 Sep 2018] INVESTOR PRESENTATION Q3-18 3
Slide 4: BSP's growing service offering
BSP’s growing service offering In line with 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 F
Slide 5: Continued investment to improve service
Continued investment to improve service Our Digital Strategy continues to deliver enhanced coverage and banking services throughout the pacific region … with digital channels supported by our extensive branch network Total Branches 83 46 17 8 3 2 3 4 48 46 0 0 2 0 0 0 Sub Branches ATMs 528 317 116 3
Slide 6: Channels [Q3-2018]
Channels [Q3-2018] Mobile banking is our leading [43%] channel, with branches representing only 12% of total transactions in Q3-18 … given continued focus to reduce customers cash dependency [in-line with our digital strategy] with ongoing investment in EFTPOS, internet and mobile banking. QUARTERLY
Slide 7: Financials
Financials Sub - title of Presentation INVESTOR PRESENTATION Q3-18 Slide 17
Slide 8: Profit and Loss [Q3-18]
Profit and Loss [Q3-18] BSP’s Q3-18 NPAT grew by 17.7% year-on-year [YOY], but declined slightly [-1.6%] on a prior quarter [PQ] basis. Total Income Operating Lending Write- NPAT Highlights costs offs PQ (3.1%) (4.3%) 42.6% (1.6%) ● Q3-18 operating income was down 3.1% against Q2-18, driven by highe
Slide 9: Balance sheet [Q3-18]
Balance sheet [Q3-18] Our balance sheet continues to strengthen with increase in both loans and deposits … with total assets remaining at K23bn as at Q3-18 Loans and Deposits Total Total Net assets / advances Assets Liabilities SH equity Highlights PQ 2.5% (1.8)% 0.1% (1.0%) 5.9% ● Total loan increa
Slide 10: Group key ratios [Q3-18]
Group key ratios [Q3-18] All key ratios maintain favorable trends. COST TO INCOME TREND ROE [annualised] 41.8% 42.2% 41.6% 40.1% 30.3% 31.1% 32.5% 32.0% 40.6% 28.8% Q3-17 Q4-17 Q1-18 Q2-18 Q3-18 Q3-17 Q4-17 Q1-18 Q2-18 Q3-18 Cost to income Ratio ROE ROA [annualised] LOAN TO DEPOSIT RATIO 63.9% 65.4%
Slide 11: Group key risk ratios [Q3-2018]
Group key risk ratios [Q3-2018] Our risk ratios remain stable and asset quality remains sound CAPITAL ADEQUACY 7.1% 3.2% 4.9% Highlights 6.9% 7.3% 21.3% 22.2% ● Capital Adequacy ratio declined 15.7% 20.3% 15.0% 15.8% slightly to 22.2% in Q3-18, … still remaining well in excess of Q3-17 Q4-17 Q1-18 Q
Slide 12: Market strength
Market strength BSP’s combined market share for loans stands at 42%, with an increase of K300m in the Q3-18, whilst Deposits remained at 45% with a K325m decline in Q3-18 LOANS MARKET SHARE DEPOSIT MARKET SHARE Rank Rank PNG 61% #1 Cook Islands 76% #1 Solomon Islands 55% #1 PNG 61% #1 Tonga 42% #1 S
Slide 13: Share price
Share price Dividend yield of 10.9%, based on K10.16 share price, with market capitalization of K4.74b. Closing price (Kina) Volume traded red (millions) K10.40 1.2 Share Price green K10.20 1.0 K10.00 K4.74b 0.8 K9.80 Market CapShare Price K9.48 K9.60 0.6 28 Apr’17 Share Price K9.40 K10.16 0.4 10 Oc
Slide 14: Thank You
Thank You Sub - title of Presentation INVESTOR PRESENTATION Q3-18 Slide 114
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