Westpac Banking Corporation · ASX:WBC
Westpac Banking — Shareholder Meeting (December 2001)
18 slides from Westpac Banking's shareholder meeting presentation, Dec 13, 2001
Slide 1: Annual General Meeting
Annual General Meeting 13 December 2001
Slide 2: Mr Leon Davis, Chairman
Mr Leon Davis Chairman Westpac Banking Corporation
Slide 3: Chairman's report
XZ hastealats First Bank Chairman’s report
Slide 4: Financial Highlights
1,291 1997 1,342 1998 1,456 1999 1,715 2000 Profit* $1,903M 2001 70.0 1997 70.1 1998 77.0 1999 88.8 EPS* 2000 102.8¢ 2001 1997 39 43 1998 47 1999 Financial Highlights 62¢ 54 2000 *All figures stated pre abnormals Dividends 2001 17.0 1997 15.5 1998 1999 16.8 18.4 21.1% 2000 ROOE* 2001
Slide 5: Share price performance
Share price performance Total Shareholder Return on $1,000 invested on 1 December 1996 $3,000 WBC $2,500 $2,528 $2,000 All Ords $1,500 $1,662 $1,000 1 Dec 96 30 Nov 97 30 Nov 98 30 Nov 99 30 Nov 00 30 Nov 01
Slide 6: Deepening customer relationships
Deepening customer relationships Priority customers * 1,300 Number of Customers (000’s) 21% growth between Sept 2000 – Sept 2001 1,100 900 700 500 1H98 2H98 1H99 2H99 1H00 2H00 1H01 2H01 * Priority customers are those with whom we have significant, typically multi-product, relationships.
Slide 7: Improved efficiency
Improved efficiency Cost to income ratio * 65 60.7 60 58.4 57.9 54.5 50.9% % 55 51.5 50 45 1997 1998 1999 2000 2001 2H01 * Excludes goodwill
Slide 8: Provisioning cover
Provisioning cover Total provisions to total impaired assets 300 249 250 233 183 188 200 177 % 150 100 50 0 Jun-05 Jun-05 Jun-05 Jun-05 Jun-05 1997 1998 1999 2000 2001
Slide 9: David Morgan, Chief Executive Officer
David Morgan Chief Executive Officer Westpac Banking Corporation
Slide 10: Chief Executive Officer's review
Chief Executive Officer’s review
Slide 11: Juicy result...
RED | ristrati’s First sank Juicy result...
Slide 12: ..versus public resentment
UBD | Aistratia's First sank ..versus public “4 resentment |
Slide 13: Is anyone listening?
Is anyone listening? “There's a world of difference between listening and hearing, and between saying you'll do something and actually doing it. | just want someone to fix the problem. Is that too much to ask?”
Slide 14: Would you work for a bank?
Slide 15: Where did the bank go?
Where did the bank go? “My local branch has closed down, so where do | go now? | don’t have a computer and even if | did | wouldn’t know how to bank on it.”
Slide 16: Are too few people benefiting?
Are too few . people benefiting? : 7 “Banks only care about people with lots of money. The rest of us don’t seem to exist as far as they are concerned.”
Slide 17: Westpac in the community
Westpac in the community
Slide 18: Banks are taking us for a ride with their fees
“Banks are taking us for a ride with their fees — its an easy way for them to make money out of us and they push it for all it’s worth.”
Westpac Banking — Shareholder Meeting (December 2001) on 6ix