Mystate Limited · ASX:MYS
Mystate — Goldman Sachs Emerging Companies Conference 2019
13 slides from Mystate's conference presentation, Apr 4, 2019
Slide 1: Goldman Sachs Emerging Companies Conference April 2019
DRAFT 7.0 31 JAN 2019 – 11:30am February 2019 For personal use only GOLDMAN SACHS EMERGING COMPANIES CONFERENCE April 2019
Slide 2: Agenda
For personal use only AGENDA Melos Sulicich CEO • Corporate Profile and History • • Strategy Corporate Profile and History • • Key Highlights FY18 Strategy • • Banking Key Business Highlights 1H19 • • Wealth Business Banking Business • Summary • Wealth Business • Summary 2019 EMERGING COMPANIES CONF
Slide 3: Corporate Profile
CORPORATE PROFILE MyState is a leading regional bank with Banking and Wealth management operations For personal use only GEOGRAPHIC OVERVIEW Branches 5 branches Offices NT QLD • LENDING • WEALTH MANAGEMENT 0.1% WA 14.7% • DEPOSITS • FINANCIAL PLANNING SA • TRANSACTIONS • TRUSTEE SERVICES 1.6% 0.9% N
Slide 4: Corporate History
CORPORATE HISTORY For personal use only The Rock and + MyState Bank merge ADI licenses. The The Rock Rock continues as a + = Building Society brand of MyState joins the MyState Bank 6.00 MyState Financial Limited Group and Tasmanian Perpetual Trustees merge 5.50 to form MyState Limited 5.00 + = MYS
Slide 5: Our Strategic Priorities
OUR STRATEGIC PRIORITIES For personal use only Our GOALS are to be Our STRATEGY is focused on Simpler, more relevant, accessible for our customers and easier to “use” Building out and operationalising our digital bank, digital capabilities and brand Evermore digitally enabled so that we can attract
Slide 6: Contemporary Digital Bank
CONTEMPORARY DIGITAL BANK Investment in digital has modernised the banking business and allows us to embrace digital savvy customers For personal use only New Payments Platform COMPLETED: FEBRUARY 2018 Currently enabled Simplified products: • Clean, simple online application process; accounts Modern
Slide 7: Building Strong Relationships
BUILDING STRONG RELATIONSHIPS Net Trust Score – MyState Brand Tracking Research October 2018 For personal use only Brand and trust – scott delaney Very trustworthy Somewhat trustworthy Neither Not very trustworthy Not at all trustworthy Total sample Major 1 Major 2 Major 3 Major 4 Regional 1 Regio
Slide 8: Strong 1H19 Balance Sheet Growth
STRONG 1H19 BALANCE SHEET GROWTH 2x SYSTEM LENDING GROWTH For personal use only driven by superior customer service proposition and YoY growth Record applications and settlements in 1H19 creating a advocacy strong pipeline for 2H19 +10% Total Loan Book ($m) Growth targeted to Australian eastern
Slide 9: Wealth Business Evolution
WEALTH BUSINESS EVOLUTION For personal use only Funds under management and funds under advice ($m) Investment in the development of contemporary funds management 740 778 815 809 779 products and systems focused on the growing income needs of retirees 1,008 1,089 1,159 1,153 1,130 FY16 FY17 1H18 2H18
Slide 10: Key Highlights
KEY HIGHLIGHTS For personal use only CORE STRATEGY DISCIPLINED EXECUTION CONTINUED INVESTMENT • Digital bank • Tight cost management • Wealth products + • Record online origination • Flat operating expenses systems • New online products • Appropriately capitalised • Brand • Service proposition • Sin
Slide 11: Sector Overview
SECTOR OVERVIEW Funding costs remain elevated For personal use only Industry Lending market remains competitive, margins still squeezed dynamics Economic indicators still strong; unemployment remains low; credit $ growth slowing Royal Commission Pivotal in ensuring customer long term inter
Slide 12: Outlook
OUTLOOK For personal use only 2019 EMERGING COMPANIES CONFERENCE | 12
Slide 13: Disclaimer
DISCLAIMER Summary Information This Presentation contains summary information about MyState and its activities current as at the date of this Presentation. The information in this Presentation is of a general nature, is subject to change without notice and does not purport to be complete or comprehe
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