Mystate Limited · ASX:MYS
Mystate — Morgans Investor Conference 2018
14 slides from Mystate's conference presentation, May 24, 2018
Slide 1: Morgans Investor Conference
Morgans Investor conference For personal use only May 2018
Slide 2: A growing banking and wealth management group
Morgans Investor Conference | 2 A growing banking and wealth management group MyState is a leading regional bank headquartered in Tasmania with Banking and Wealth operations For personal use only • ASX300 listed company • Market capitalisation of c.$430m Wealth • c.64,000 shareholders Banking Home l
Slide 3: Increasing shareholder returns
Morgans Investor Conference | 3 Increasing shareholder returns $2.44 For personal use only in fully franked The Rock and dividends earned + MyState Bank merge ADI licenses. The by shareholders The Rock Building Rock continues as a Society joins the since inception + = MyState Limited brand of MyStat
Slide 4: Solid financial performance continued in 1H18
Morgans Investor Conference | 4 Solid financial performance continued in 1H18 For personal use only • Strong shareholder returns with growth in NPAT, EPS and dividend per share • Wealth business growing with solid revenue performance and gains in FUM and FUA • Growing a quality loan book and custome
Slide 5: Growth across key metrics
Morgans Investor Conference | 5 Growth across key metrics For personal use only • Margin management delivered NII Change on 1H17 results except where otherwise stated improvement on pcp Net interest income: Net profit after tax: $46.4m 6.8% $15.8m 4.0% • Operating leverage improving cost to income r
Slide 6: Growth in underlying value drivers
Morgans Investor Conference | 6 Growth in underlying value drivers* For personal use only Banking Loan book Deposits 30 day arrears FUM FUA +10% +8% -20bps +11% +8% 4 year CAGR 4 year CAGR 3 year change YoY growth YoY growth * growth rates as at 1H18 Wealth • Emphasis on maintaining quality lending
Slide 7: Delivering on our strategic priorities
Morgans Investor Conference | 7 Delivering on our strategic priorities Our PURPOSE: For personal use only The needs and expectations of customers are changing and To help people achieve their dreams. technology is opening opportunities to attract and serve new customer segments across Australia. Our
Slide 8: Building a digital, scalable banking and wealth business
Morgans Investor Conference | 8 Building a digital, scalable banking and wealth business Investment in digital has modernised the banking business and allows us to embrace digital savvy customers For personal use only • Over 300% growth in number of bank accounts opened online FYTD Lendfast and Appl
Slide 9: Diverse funding sources to fund growth
Morgans Investor Conference | 9 Diverse funding sources to fund growth Total capital movements For personal use only 0.87% 13.3% 0.16% 0.32% 13.4% • Stable capital and funding mix 0.76% 0.03% 0.08% underpinned by core customer 2.01% 0.39% 1.98% deposits • Customer deposit growth 11.28% 11.41% suppor
Slide 10: Wealth growth adds to diversity
Morgans Investor Conference | 10 Wealth growth adds to diversity For personal use only Funds under management and funds under advice ($m) • Wealth revenue growth at 10.5% on pcp with solid revenue growth across all business lines +10% 778 815 758 740 754 • Highest FUM growth in almost a decade +13%
Slide 11: Sector overview
Morgans Investor Conference | 11 Sector overview For personal use only • System credit growth moderating $ Industry • Property price growth easing dynamics • Lending market continues to be highly competitive • Some volatility in short-term wholesale debt markets • BEAR Regulatory • Royal Commission
Slide 12: Platform for continued growth
Morgans Investor Conference | 12 Platform for continued growth What we’ve achieved For personal use only Deposit and loan Costs Digital Strong capital book growth transformation position • Targeted branch closures • New Payments Platform • Moody’s Baa1/P2 • Solid growth but • Strong cost stable inve
Slide 13: Summary
Morgans Investor Conference | 13 Summary For personal use only • MyState’s digital transformation is simplifying our business and dramatically improving customer experiences through greater efficiency, quality and speed • We are responding to the changing needs of our customers by rationalising prod
Slide 14: Disclaimer
Morgans Investor Conference | 14 Disclaimer For personal use only Summary Information This Presentation contains summary information about MyState and its activities current as at the date of this Presentation. The information is subject to change without notice and does not purport to be complete o