Mystate Limited · ASX:MYS
Mystate — Shareholder Meeting (October 2013)
16 slides from Mystate's shareholder meeting presentation, Oct 28, 2013
Slide 1: MyState Limited Annual General Meeting
ASX Code: MYS For personal use only 29 October 2013 MyState Limited Annual General Meeting This presentation contains certain forward-looking statements with respect to the financial condition, results of operations, business plans and objectives of management. All such forward-looking statements in
Slide 2: Company Profile
For personal use only Company Profile Company Profile Company Profile MyState Limited (MYS), a non-operating holding Company, is a diversified financial services group listed MyState Limited (MYS), a non-operating holding Company, is a diversified financial services group listed on the ASX and provi
Slide 3: Highlights: strong result in a challenging business environment
Highlights strong result in a challenging A business environment For personal use only Good cost management chieved further integration benefits for both A NPAT MyState Financial and The Rock 30 $ Millions 25 28.5 T ransitioning to a more sales-focused model 22.0 23.4* for The Rock 20 15 17.3 E xcel
Slide 4: FY2013 results
FY2013 FY2013 FY2012 Change (%) results Revenue ($m) 248.1 241.1 2.8 For personal use only Normalised net profit after tax* ($m) 28.5 25.5* 11.8 The Rock acquisition costs ($m) – 2.1 N/A Statutory net profit after tax ($m) 28.5 23.4 21.7 FY2013 FY2012 Change (%) Earnings per share (cents) 32.7 29.9
Slide 5: Balance sheet, capital strength and asset quality
Balance FY2013 FY2012 Change (%) sheet, Total assets ($m) 3,629.7 3,658.6 (0.8) capital For personal use only Total liabilities ($m) 3,350.0 3,384.7 (1.0) strength and Net assets ($m) 279.7 273.9 2.2 asset quality Risk-weighted assets ($m) 1,322.0 1,285.5 2.8 Capital adequacy (%) 14.0 14.1 0.7 Funds
Slide 6: Asset quality: 30+ day arrears
Arrears MyState Financial mortgage loan arrears by units Asset 30 quality: day+ arrears30+ % day arrears MyState Financial The Rock S&P Mortgage 90+ days 60+ days 30+ days S & P Spin MyState Financial arrears Performance ROK Index For personal use only 1.8% 90 1.8 80 1.6% 1.6 70 1.4% 1.4 60 1.2 1.2%
Slide 7: MyState Financial provides retail and business banking in Tasmania
“ MyState Financial provides retail and business banking, agribusiness and insurance services to 120,000 “ customers in Tasmania. For personal use only Company Profile MyState Limited (MYS), a non-operating holding Company, is a diversified financial services group listed on the ASX and provides a b
Slide 8: MyState Financial: performance summary
MyState PAT $22.3m, up by 8.5% on previous N Financial: corresponding period reflecting: performance Tasmanian Banking – MSF For personal use only summary • 4.1% increase in loan portfolio to $2.1bn • Further fall in non‑performing assets Company Profile 25.0 $ millions L ow 30-day+ secured loan arr
Slide 9: MyState Financial: high average customer satisfaction
MyState Financial: Average high For personal use only 32% 17% Extremely Satisfied 17% customer 7% 14% 13% satisfaction Company Profile Very Satisfied 37% 43% 41% 35% 33% 24% Satisfied 37% 33% 35% 30% 32% 21% MyState Limited (MYS), a non-operating holding Company, is a8% diversified financial service
Slide 10: New core banking platform on track
New core Build phase completed banking T esting well underway including implementation of platform on customer-focused system modifications For personal use only track roject completion on track for November 2013 – P extended slightly from October to allow for further testing Company Profile of cust
Slide 11: The Rock provides retail banking and insurance in Queensland
“ The Rock provides retail banking and insurance services to “ 40,000 customers in Queensland and around Australia. For personal use only y Profile on-operating holding Company, is a diversified financial services group listed broad range of financial services through three wholly-owned subsidiaries
Slide 12: Central Queensland economic environment
Central Strong population and employment growth Queensland: economic Favourable demographics For personal use only environment iverse mix of industries to sustain growth, D y Profile alongside mature, well-established businesses lobal demand for local commodities G on-operating holding Company, is a
Slide 13: The Rock: performance summary
The Rock: N PAT of $2.9m (pcp – 7 months only: $3.3m) performance C ontributed $1.6m to group overheads (pcp: nil) summary L oan portfolio reduced by 9.7% to $0.9b due to less activity through For personal use only Central Queensland Banking – The Rock broker channel – initiatives taken to reverse t
Slide 14: Tasmanian Perpetual Trustees overview
“ Tasmanian Perpetual Trustees is a major provider of estate planning, wealth management, investment “ and trustee services in Tasmania For personal use only Burnie versified financial services group listed Devonport ugh three wholly-owned subsidiaries, Launceston The Rock) authorised deposit-taking
Slide 15: Tasmanian Perpetual Trustees: performance summary
Tasmanian NPAT of $3.1m, up 108.4% from previous Perpetual corresponding period Trustee and Wealth Business – TPT Trustees: For personal use only performance • Cost reductions through integration of summary business units and centralisation of back office systems • Higher commission income from esta
Slide 16: MyState Limited: group strategy
MyState Maintain and grow strong presence in Tasmania: Limited: • Banking, wealth management and asset management group For personal use only Capitalise on The Rock growth opportunities including: strategy • Enhanced product, service and channel offerings • Wealth offering ontinued focus on enabling