Mystate Limited · ASX:MYS
Mystate — Shareholder Meeting (October 2016)
15 slides from Mystate's shareholder meeting presentation, Oct 26, 2016
Slide 1: MyState Limited Annual General Meeting
ASX Code: MYS For personal use only 26 October 2016 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), on theaASX non-operating holding and provides Company, a broad range is ofafinancial diversified finan
Slide 3: FY2016 results
FY2016 Revenue: Return on equity: results* $123.4m 3.3% 10.6% 22bp For personal use only Net profit after tax: Earnings per share: $31.1m 4.5% 35.5cps 4.4% Capital adequacy ratio: Cost-to-income ratio: 13.0% 36bp 63.2% 112bp Loan book: Deposit book: $3.85b 8.7% $2.7b 9.0% Total dividend 30-day arrea
Slide 4: Delivering on our strategic goals
Delivering Growth • $4bn loan book* on our in our • Net interest income up 6.6%. Delivering GROW revenue drivers • Sustainable deposit book growth. strategic For personal use only on our goals strategic Simplifying processes for • Consolidation of ADI’s, data centres and core banking systems. SIMPLI
Slide 5: Our transformation roadmap
Our transformation Our transforma<on roadmap roadmap For personal use only 2015 Transforma<onal journey 2019 Future benefits MANUAL • Fragmented view of PROCESSES • Single view of customer Customer experience customers future • Customer focused processes Barriers to great customer • Inward-‐focused
Slide 6: Growth strategy delivers a resurgence in net interest income
ate con<nues to gain et share in lending with Modest growth in FUM and FUA Funds Under Management Funds Under Advice Growth 1 growth 1.4x system. $ Millions $1,799 strategy $1,693 $1,773 782 delivers a 766 $2,310 734 $2,163 For personal use only resurgence in net 959 1,007 0.4% 1,017 interest incom
Slide 7: A stable funding mix supported by growth in customer deposits
table A stable nding funding mix mix supported pported b y For personal use only by growth owth inin customer stomer deposits posits MTN program provides further funding diversification and tenor. program provides er funding diversifica<on enor. uest 2016-‐1 Warehouse lished in May 2016 des further
Slide 8: Exemplary credit performance maintained
emplary Exemplary Impairment charge ($m) dit credit Impairment charge Overlay performance $ Millions 1.63 rformance For personal use only maintained aintained 0.33 0.851 0.90 Management overlay rment charges 3bps of applied as a prudent 0.60 loans. measure as loan book continues to grow. Arrears sti
Slide 9: Continued geographic diversification with NSW and VIC
Con<nued Continued geographic geographic diversifica<on diversification For personal use only with NSW with NSW aand nd VIC making VIC nearly ¼ of making the home nearly 1 loan /4 of book the home loan book State 2 year CAGR VIC 64.5% SA 49.0% NSW 34.1% WA 22.5% QLD 12.6% NT 12.3% TAS 3.8% GROWTH – I
Slide 10: Wealth business steady, with opportunity to grow
ealth Wealth business eady, business with steady, portunity to with For personal use only ow opportunity to grow Deepening relationships across the entire business. ent strategic focus General Manager ppointed. ocus on business and pera<onal mprovements. mprove distribu<on apability. Deepening rela<
Slide 11: Continued improvement in the Tasmanian economy
Continued The Tasmanian economy continues to see a modest lift in momentum: n<nued ● The Tasmanian economy con-nues to see a modest lid in momentum: improvement •● Unemployment rate at 6.5%. Growth in household consumption, retail sales, private investment, international tourism and exports. proveme
Slide 12: Personalising MyState's branch services
Personalising ●● MyState appointed 17 new Bank Managers across MyState’s and The Rock’s branches MyState’s in Tasmania and Central Queensland. branch For personal use only ●● Ensures our customers have access to an ‘in the branch’ decision-maker who knows services them, and the local community. ●● O
Slide 13: MyState in the community
MyState in the community For personal use only Being part of the community supports our purpose as a company. Sponsorships include the MyState Wooden Boat Festival, Hobart Hurricanes, Stan Siejka Cycling Classic, CQ Capras QRL team and Agfest. MyState Foundation has distributed $1.5 million through
Slide 14: Economic and regulatory outlook
Economic ●● Australian economic outlook tempered by global uncertainty and low inflation. and ●● Historic low interest rate environment likely to remain. regulatory For personal use only ●● Housing credit growth outlook stable. outlook ●● Constrained investor lending growth with continued strong com
Slide 15: Building a platform for continued profitable growth
lding Building a a What we’ve What we’re currently What’s to come: platform iorm for for achieved: working on: continued For personal use only n<nued profitable • Loan book growth well • Internet, mobile & digital banking, and • Con-nued investment in technology and fitable growth above peers. contac