Results presentation. For the year ended 31 March 2014
|
|
- Derick Barber
- 5 years ago
- Views:
Transcription
1 Results presentation For the year ended 31 March 214
2 The year in review 2
3 Improving operating environment Results impacted by strength of sterling against other operating currencies Equity markets Interest rates JSE +19.8% 5 SA Rebased to 1 11 ASX +8.5% 1 FTSE +5.2% 9 8 Mar-13 May-13 Jul-13 Sep-13 Nov-13 Jan-14 Mar-14 % 4 3 AUS 2 1 UK US Mar-13 May-13 Jul-13 Sep-13 Nov-13 Jan-14 Mar-14 Exchange rates 14 Rebased to / ZAR +25.8% /A$+23.3% / US$ +9.9% / Euro +2.5% 9 8 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Source: Datastream 3
4 Diversified business model Geographic diversity Revenue diversity 1 Operating profit* % contribution to group by geography Operating profit* % contribution to group by business UK, Australia & 7 Other Southern Africa 5 Specialist Banking Mar-9 Mar-1 Mar-11 Mar-12 Mar-13 Mar-14 4 Wealth & Investment Mar-9 Mar-1 Mar11 Mar-12 Mar-13 Mar % Asset Management *Before tax, goodwill, acquired intangibles, non-operating items and after other non-controlling interests 4
5 Continued growth in key earnings drivers Third party assets under management Customer accounts (deposits) and loans 14 bn Up 8.9% 3 bn Customer accounts Core loans and advances Up 6.2% Up 7.9% 12% 12 Down.7% 25 Customer accounts Down 7.6% Core loans and advances Down 6.8% 1% 1 2 8% % % 2 5 2% - Mar-9 Mar-1 Mar-11 Mar-12 Mar-13 Mar-14 Mar-14 Currency neutral - Mar-9 Mar-1 Mar-11 Mar-12 Mar-13 Mar-14 Customer accounts Mar-14 Currency neutral % Asset Management Wealth & Investment Other Core loans and advances to customers Loans and advances to customer deposits 5
6 Supporting continued growth in revenue Total operating income 3 mn Up 5.6% 25 Down 2.9% Mar-1 Mar-2 Mar-3 Mar-4 Mar-5 Mar-6 Mar-7 Mar-8 Mar-9 Mar-1 Mar-11 Mar-12 Mar-13 Mar-14 Mar-14 Currency neutral 6
7 Impairments down South Africa SA impairments down 23.6% in Rands UK & Europe (ex Kensington) UK impairments down 17.1% (Including Kensington down 38.8%) Australia Australian impairments increased 6% R bn 6% bn 7 12% A$ bn % 14 5% 6 1% 4% 12 4% 5 8% % 8 3% 3 6% 2 2% 6 4 2% 2 4% 1 1% 2 1% 1 2% % % % Credit loss ratio (LHS) Net core loans (RHS) Net defaults as a % of core advances (LHS) 7
8 Fixed costs marginally up Narrowing jaws ratio Cost to income / Operating margin 2,5 mn Asset Management % Mar-13 Mar Operating costs 1.3% Operating income 1.7% 2, Operating income down 2.9% to 1,941mn 1-yr CAGR of 11.4% o o Headcount up 2 people to support growth Investment in distribution platforms Operating margin 1,5 1, 5 - r-5 Ma Operating costs (excl. depreciation) up.4% to 1,277mn 1-yr CAGR of 11.3% r-6 Ma r-7 Ma r-8 Ma r-9 Ma r-1 Ma r-11 Ma Operating costs (excluding depreciation) Operating income r-12 Ma r-13 Ma r-14 Ma Wealth & Investment % Mar-13 Mar Operating margin Specialist Bank 1 % Mar-13 Mar Cost to income Operating costs 11.9% o o o o Operating income 15.7% Headcount up 51 people Investment in IT, online infrastructure and experienced portfolio managers Operating costs 2.9% Operating income 7.8% Headcount down 144 people Costs up in line with inflation (in home currencies) and as a consequence of reshaping 8
9 Resulting in an improved group performance Negatively impacted by the Rand Mar-14 Mar-13 % change % change on currency neutral basis^^ Operating profit* before tax ( ) % 2.3% Attributable earnings** ^( ) % 2.5% Adjusted EPS**^ (pence) % 19.7% DPS (pence) % NA Net asset value per share (pence) (2.2%) 9.1% Total shareholders equity ( mn) % 12.2% Customer accounts (deposits) ( bn) (7.6%) 6.2% Net core loans and advances to customers ( bn) (6.8%) 7.9% *Before goodwill, acquired intangibles, non-operating items and after other non-controlling interests; **Before goodwill, acquired intangibles, non-operating items and after noncontrolling interests; ^ After deducting preference dividends; ^^Amounts represented on a currency neutral basis assume that the closing and average exchange rates of the group s relevant exchange rates relative to Pounds Sterling remain the same as at 31 March 214 when compared to 31 March 213 9
10 Strong Rand performance up 28% Mar-14 Mar-13 % change Operating profit* before taxation (R mn) % Adjusted attributable earnings**^ (R mn) % Adjusted EPS* (cents) % DPS (cents) % Net asset value per share (cents) % R mn Strong recovery in Rand earnings post crisis Mar-9 Mar-1 Mar-11 Mar-12 Mar-13 Mar-14 *Before goodwill, acquired intangibles, non-operating items and after other non-controlling interests; **Before goodwill, acquired intangibles, non-operating items and after noncontrolling interests; ^After deducting preference dividends 1
11 Progress made on our financial targets Target Mar-14 Mar-13 ROE 12-16% 16% over a rolling 5-yr period 1.1% 1% 94% 9.4% Tangible ROE 12.3% 11.7% Adjusted* EPS growth Target: 1% > UKRPI 19.7% 5.3% 16.4% Currency neutral Cost to income Target: < 65% 67.5% 65.7% Dividend cover (times) Target: times 2.x 2.x Note: These are medium to long-term targets which we aim to achieve through varying market conditions *Adjusted EPS is before goodwill, acquired intangibles and non-operating items and after non-controlling interests and after deducting preference dividends 11
12 Stable capital position Capital adequacy Tier 1 Investec Bank Limited 15.3% Investec Bank Limited 1.8% Investec Limited Investec Bank plc 14.9% 16.% As reported Investec Limited Investec Bank plc 11.% 11.% As reported Investec plc 15.3% Investec plc 1.5% % 4% 8% 12% 16% % 4% 8% 12% 16% Leverage ratios Common equity tier 1 Investec Bank Limited 6.8% 7.2% 7.2% Investec Bank Limited 1.2% 1.3% Investec Limited Investec Bank plc Investec plc 6.2% 7.2% 7.4% 7.4% 7.4% 7.4% 6.2% 7.4% 7.7% Fully loaded Current Permanent capital Investec Limited Investec Bank plc Investec plc 9.3% 94% 9.4% 11.% 11.% 8.8% 8.8% Fully loaded As reported % 2% 4% 6% 8% 1% % 2% 4% 6% 8% 1% 12% Note: Please refer to the 214 Analyst Book for detailed definitions and explanations 12
13 Divisional i i highlights hli ht 13
14 Asset management - overview Overview of performance Financial summary Sale of 15% stake in the business to management was successfully completed in July 213 Mar-14 Mar-13 % change Benefited from higher average assets under management and net inflows of 2.6bn Competitive long term investment performance across investment capabilities Assets under management at 68.bn Operating profit* ( mn) % Operating margin 34.7% 34.5% ROE (pre-tax)** 96.7% 95.1% ROE tangible (pre-tax) 35.1% 336.1% Assets under management ( bn) (2.6%) Outlook Assets under management by asset class The business remains stable and momentum is positive Priorities are to deepen and widen our investment strategies and to focus on further diversifying the 4 client base, including expanding range of private 2 market strategies and increasing market penetration in Asia, Europe and the Americas 8 bn 6 Mar-12 Mar-13 Mar-14 Third party funds on advisory platform Alternatives Multi-assest Fixed income Equities *Before goodwill, acquired intangibles, non-operating items, taxation and before non-controlling interests **Return on adjusted shareholders equity (including goodwill) 14
15 Asset Management key drivers Key drivers (besides market levels) Operating margin Net inflows Average income as a % of AUM 4 % 8 bn 1. % Mar-9 Mar-1 Mar-11 Mar-12 Mar-13 Mar-14 - Mar-9 Mar-1 Mar-11 Mar-12 Mar-13 Mar-14. Mar-9 Mar-1 Mar-11 Mar-12 Mar-13 Mar-14 Recognition 15
16 Wealth & Investment - overview Overview of performance Financial summary Benefited from higher average funds under management Mar-14 Mar-13 % change Net inflows of 1.4bn and improved operating Operating profit* ( mn) % margins Operating margin 22.9% 2.3% UK business has successfully expanded its operation across the region, investing in ROE (pre-tax) tax)** 18.2% 15.8% infrastructure and talent ROE tangible (pre-tax) 13.% 14.9% SA business benefitted from a seamless offering to both Wealth & Investment and Private Total FUM ( bn) % Banking clients, and made progress in leveraging off the global investment platform Outlook Assets under management by asset class Investments we have made, and continue to make, leave us well placed to build on the current momentum 5 bn 4 UK - Non-discretionary 3 Ongoing initiatives in the digital and online channels should support revenue improvements and business 2 efficiencies 1 Mar-12 Mar-13 Mar-14 UK - Discretionary SA - Non-discretionary SA - Discretionary *Before goodwill, acquired intangibles, non-operating items, taxation and after non-controlling interests **Return on adjusted shareholders equity (including goodwill) 16
17 Wealth & Investment key drivers Key drivers Operating margin Net inflows Average income as a % of AUM 3 % 3 bn.8 % Mar-11 Mar-12 Mar-13 Mar-14-2 Mar-11 Mar-12 Mar-13 Mar-14. Mar-11 Mar-12 Mar-13 Mar-14 Note: Prior to Mar-11 Rensburg Sheppards plc was an associate of Investec and not a 1% owned subsidiary Recognition 213 Top Stockbroker for the Sophisticated Exec 17
18 Specialist Banking - overview Overview of performance Financial summary SA grew 29.2% benefitting from an increase in corporate fees and increased income from customer Mar-14 Mar-13 % change flow. Unlisted private equity performed well and we continue to grow our private banking businesses. The investment and trading property portfolio delivered a sound performance Operating profit* ( mn) % Cost to income 66.% 63.1% The UK grew 3% - principal investments performed well with good growth in the professional and asset finance loan portfolios. Quality of income is improving ROE (pre-tax)** 8.7% 7.9% Australia reported a loss impacted by strategic restructuring ROE tangible (pre-tax) 9.1% 8.4% Outlook Loans and deposits As a result of the reshaping process, the business is well positioned to benefit from any improvement in markets going forward Legacy book clearly articulated and monitored The ongoing businesses are performing well Net core loans and advances bn AU SA Total deposits bn AU SA Mar-13 Mar-14 Mar-14 Currency neutral UK Mar-13 Mar-14 Mar-14 Currency neutral UK *Before goodwill, acquired intangibles, non-operating items, taxation and after non-controlling interests **Return on adjusted shareholders equity (including goodwill) 18
19 Specialist Banking mix of income Net interest income Net fees and commissions Investment and trading income mn 8 mn 4 mn 5 Debt repurchases Mar-1 Mar-11 Mar-12 Mar-13 Mar-14 Mar-14 Mar-1 Mar-11 Mar-12 Mar-13 Mar-14 Mar-14 Mar-1 Mar-11 Mar-12 Mar-13 Mar-14 Mar-14 Currency neutral Currency neutral Currency neutral 19
20 Specialist Banking costs and impairments Costs Impairments mn 1 mn Mar-9 Mar-1 Mar-11 Mar-12 Mar-13 Mar-14 Mar-14 Currency neutral Mar-9 Mar-1 Mar-11 Mar-12 Mar-13 Mar-14 Mar-14 Currency neutral 2
21 Specialist Banking key drivers Key drivers 8 6 % Cost to income ratio ROE post tax Growth in net core loans 2 % % (Currency neutral) Mar-1 Mar-11 Mar-12 Mar-13 Mar-14 Mar-1 Mar-11 Mar-12 Mar-13 Mar-14 Mar-1 Mar-11 Mar-12 Mar-13 Mar % Growth in risk-weighted assets (Currency neutral) 1.5 % Credit loss ratio on core loans Mar-1 Mar-11 Mar-12 Mar-13 Mar-14. Mar-1 Mar-11 Mar-12 Mar-13 Mar-14 Recognition 1 st for sponsors by deal value European Project Bond of the Year African Power Deal of the Year African Renewable Deal of the Year Best Structured Product Provider 29, 1,11,12,13,14 2 nd for sponsors by deal flow 2 nd in investment advisers 21
22 Specialist Banking Dealing with the UK Legacy Business Total net assets: Investec originated Total net assets: Kensington originated mn mn Mar-8 Mar-13 Mar-14 Mar-14 Mar-8 Mar-13 Mar-14 Mar-14 Other corporate assets and securitisation activities Performing Kensington UK warehouse loans Performing Private Bank Irish planning and development assets Non-performing Kensington Ireland Non-performing Other Private Bank assets 22
23 Specialist Banking UK Legacy Business Legacy vs Ongoing g 31 Mar Mar 214 'mn Ongoing Legacy Total Total income Total impairments (11.2) (93.6) (14.8) Total expenses (389.) (44.3) (433.3) Depreciation on operating leased assets (5.4) (.6) (6.) Net profit before tax (12.8) 51.9 Taxation (using total effective tax rate for UK at 18.8%) (29.1) 19.3 (9.8) Net profit after tax (83.5) 42.1 Non-controlling interests Attributable earnings before preference dividends (83.5) 44.8 Average shareholders' equity ( 'mn) Post-tax return on equity (before preference dividends) 18.8% (23.6%) 4.3% Cost to income ratio 7.1% 126.2% 73.4% 23
24 Specialist Banking UK Legacy Business Expected run off rate mn Total net loans: Investec originated 25 mn Total net loans: Kensington originated Expected run off Expected run off F215 F216 F217 F F215 F216 F217 F218 Other corporate assets and securitisation activities Kensington - UK warehouse loans Private Bank Irish planning and development assets Kensington - Ireland Other Private Bank assets 24
25 Strategy t and positioning i 25
26 Reflecting on our strategic priorities from a year ago From the Year End Results Presentation May
27 Simplifying Specialist Banking We have done a lot to simplify and de-clutter UK Reduced or closed non-core businesses Sold the Trust businesses Sold Lease Direct Finance Integrated Investment Banking and Securities into ICIB Commenced process for sale of Kensington business Australia Sale of the Professional Finance and Asset Finance and Leasing businesses (subject to regulatory approval) Investec Australia Limited will operate as a non-bank financial services company with no deposit taking and will no longer be supervised by APRA It will have a simplified cost base and two focus areas: Corporate services (providing advice, capital and hedging to clients) and Funds management (principally Property and Aviation) 27
28 Driving future performance in Specialist Banking Growing the UK Private Banking capability Developed a transactional capability: Private Bank Account launched Feb-214 focused on professionals earning 5k plus and SA clients Voyage Account launched focused on HNW and HNI Continue to grow Specialised Lending to HNW clients and niche business in Property Lending Leverage the strong link with Wealth & Investment t 28
29 For example: Driving future performance in Specialist Banking Growing the franchise businesses in UK CIB Small ticket asset finance Portfolio has grown from about 2mn in 26 to some 665mn in ,75 clients compared to 7,6 in 27 Treasury Products and SED Total FX Active Clients have grown from in 28 to 1,362 in Mar-214 Total FX volume has grown from in 28 to 1.6bn in Mar-214 Aviation Finance Active existing relationship with 3 airline clients globally Over 15 collaborative and strategic airline relationships Number of funds established most recent in Jan-214 Infrastructure Finance Recognised as top player in Europe Voted number two bank in America s advisory mandates to bidders in competition (PFI, Feb-214) African and Middle Eastern Business Jet Financier 212, 213,
30 Driving future performance in Specialist Banking By ygrowing gthe business organically The SA Specialist Banking businesses will continue to build the franchise in core client segments Focusing on cross-selling across different client bases Continuing to provide services between Private Bank and Wealth & Investment More focused approach to servicing the corporate market Continuing to roll out our Africa strategy The future performance of the Specialist Banking business will not only be driven by managing down the legacy portfolios but more importantly through growing the business organically together e with efficiency e cy and balance a sheet optimisation o 3
31 Driving future performance in Asset Management By continuing to build organically Market cycles and price movements can affect this business in the short-term We are continually investing and building for the next phase of growth in line with a clear long-term strategy Our stable and experienced management team remain focused on investment performance for a growing client base bn 8 mn AUM (LHS) Operating profit* (RHS) *Before goodwill, acquired intangibles, non-operating items, taxation and before non-controlling interests 31
32 Driving future performance in Wealth & Investment By continuing to build critical mass in future growth areas Servicing our clients is fundamental to this business Developing our offshore offering and Private Office service to higher net worth clients Continue to leverage the group s private client platform and the group s global investment platform bn Discretionary Non-discretionary 32
33 Integrated solution for our private clients Through a strong digital platform Providing a full service offering aimed at maximising the creation and preservation of our clients wealth by: Integrating our Private Banking and Wealth & Investment offerings to ensure clients have a consistent and seamless Investec experience Client centric as opposed to product centric Streamlined account maintenance process Enables us to cross sell (between Private Bank and Wealth & Investment), t) acquire new clients and retain existing clients Offshore One Dashboard Banking Services Full service offering Investment Management Onshore 33
34 Closing 34
35 We continue to maintain a balanced business model BUSINESS MODEL Third party assets and advisory 1 8mn Net annuity fees and commissions of 72mn (37% of total) Other fees and other income of 288mn mn 1,4 1,2 1, Net interest, investment and trading income 933mn Net interest income of 652mn (34% of total) Investment income of 166mn (8% of total) (15% of total) - Trading income of 115mn (6% of total) Capital Light 52% Third party assets and advisory Net interest income, investment income and trading income 48% Capital intensive (28: 4%) (28: 6%) 35
36 Building a CLIENT franchise business CLIENT FRANCHISE BUSINESSES Private Banking Corporate Banking and Advisory Wealth & Investment Asset Management + SPECIALIST ACTIVITIES Aircraft Finance Asset Finance Project Finance Resource Finance Private Equity Property Supporting our entrepreneurial endeavours and providing appropriate RETURNS to shareholders By building very STRONG RELATIONSHIPS with our core client base so we can offer them a broad spectrum of services and products 36
37 In summary We are building Investec into a high quality client driven organisation that is relevant in its core markets We have navigated very troubled waters that have reminded us about who we are and what we stand for Our focus over the next year will be to execute our key strategic initiatives so that Investec going forward will be recognised as an agile innovative service driven organisation providing Great products and services to our clients Above average returns to our shareholders, and Significant contributor to the growth and development of our people, our communities and broader society 37
38 Outlook Economic conditions in the developed world have continued to improve The UK economy has gained momentum which is evident in the increased activity levels experienced by our businesses The South African economy is going through a period of weakness. However, we are still seeing encouraging levels of activity across our client base The significant restructuring effort that has taken place over the past year, together with the strategic initiatives currently underway should enable us to benefit from the upturn in global economic conditions and generate appropriate returns for our shareholders ode s 38
Results Presentation. For the year ended
Results Presentation For the year ended 31 3 213 1 The year in review 2 Mixed operating environment Strong equity markets but a weak Rand Equity markets Interest rates 13 12 11 1 9 +18.8% +12.7% +12.6%
More informationYear-end results. 18 May
Year-end results 18 May Highlights for the year Strong operational performance Good performance across all areas of activity Deepened our core franchise Sound levels of corporate client and private client
More informationInvestor pre-close briefing. 14 March
Investor pre-close briefing 14 March Proviso Please note that matters discussed in today s presentation may contain forward looking statements which are subject to various risks and uncertainties and other
More informationResults presentation. Highlights. For the year-ended 31 March A distinctive specialist banking group
Results presentation For the year-ended 31 March 26 A distinctive specialist banking group Highlights Constant pursuit of a sustainable, distinctive growth strategy Strong results 25 Investec plc relative
More informationResults presentation. For the year ended 31 I 03 I 2011
Results presentation For the year ended 31 I 03 I 2011 The year in review 2 Mixed operating environment Equity markets 120 Exchange rates 12.0 Rebase ed to 100 110 100 90 +12.0% +5.4% +0.7% Rand/ 11.5
More informationInvestor pre-close briefing. 16 March 2018
Investor pre-close briefing 16 March 2018 Proviso Please note that matters discussed in today s presentation may contain forward looking statements which are subject to various risks and uncertainties
More informationA number of these factors are beyond the group s control
Investor pre-close briefing 14 March 1 Proviso Please note that matters discussed in today s presentation may contain forward looking statements which are subject to various risks and uncertainties and
More informationInvestor pre-close briefing. 15 September
Investor pre-close briefing 15 September Proviso Please note that matters discussed in today s presentation may contain forward looking statements which are subject to various risks and uncertainties and
More informationInvestec records another resilient performance
21 May 2009 - Investec Investec records another resilient performance Diversified business model, sound balance sheet and recurring revenue base support profitability in challenging economic conditions
More informationInvestec a distinctive specialist banking group. March year-end results presentation 2005
Investec a distinctive specialist banking group March year-end results presentation 2005 Summary of results UK GAAP 31 Mar 2005 31 Mar 2004 % Change Operating profit before tax* ( 000) 208 343 132 260
More informationInvestec The Investment Case. UBS Conference October 2011 Stephen Koseff
Investec The Investment Case UBS Conference October 2011 Stephen Koseff 1 Strategic positioning 2 Mission statement We strive to be a distinctive specialist bank and asset manager driven by commitment
More informationThis announcement covers the results of the Investec group for the year ended 31 March 2018.
Investec plc and Investec Limited (combined results) Unaudited combined consolidated financial results for the year ended This announcement covers the results of the Investec group for the year ended.
More informationAn introduction to Investec. The information in this presentation relates to the year ending 31 Mar 2017, unless otherwise indicated.
An introduction to Investec The information in this presentation relates to the year ending 31 Mar 2017, unless otherwise indicated. An overview of the Investec Group Investec: a distinctive specialist
More informationInvestec (comprising Investec plc and Investec Limited) pre-close briefing statement
Investec Limited Incorporated in the Republic of South Africa Registration number 1925/002833/06 JSE share code: INL NSX share code: IVD BSE share code: INVESTEC ISIN: ZAE000081949 Investec plc Incorporated
More informationAn introduction to Investec. The information in this presentation relates to the year ending 31 March 2017, unless otherwise indicated.
An introduction to Investec The information in this presentation relates to the year ending 31 March 2017, unless otherwise indicated. An overview of the Investec Group Investec: a distinctive specialist
More informationInvestec Group Limited. Analyst Presentation 2001
Investec Group Limited Analyst Presentation 2001 Summary of Results Investec Group 2001 Results in a Snapshot 31 March 2001 31 March 2000 % Change Headline Attributable Earnings 1 314 1 047 25.5 (R mn)
More informationPreliminary Results Announcement
Preliminary Results Announcement JIM SUTCLIFFE Chief Executive Introduction 23 rd February Day s agenda UK 09:00 10:00 10:30 11:00 12:00 12:45 SA 11:00 12:00 12:30 13:00 14:00 14:45 OM analyst presentation
More informationPresentation of Half Year Results 13 February
Presentation of Half Year Results 13 February 2001 www.commbank.com.au Disclaimer The material that follows is a presentation of general background information about the Bank s activities current at the
More informationChallenger Financial Services Group Limited
Challenger Financial Services Group Limited 2010 Interim Financial Results Financial Highlights For half year ended 31 Dec 2009 1H09 1H10 Assets Under Management* $22.9bn 12% Net income $272m 4% Expenses
More information2 Corporate Profile 017
Corporate Profile About this corporate profile This corporate profile serves as a reference for the investment community and other interested parties. It provides an introduction to Investec and offers
More informationInvestec Group Q and A fact sheet
Group Q and A fact sheet Overview of (comprising plc and Limited) is an international specialist bank and asset manager that provides a diverse range of financial products and services to a select client
More informationInvestec plc Q and A fact sheet
Investec plc Q and A fact sheet 218 1 Overview of Investec and Investec plc Investec is an international specialist bank and asset manager that provides a diverse range of financial products and services
More informationAnnual Accounts Annika Falkengren President & CEO
Annual Accounts 2014 Annika Falkengren President & CEO Unique economic environment Key Interest rates % 2.00 1.80 1.60 1.40 1.20 1.00 0.80 0.60 0.40 0.20 0.00 Jan-14 Sweden Norway Eurozone Feb-14 Mar-14
More informationBT Financial Group. David Clarke CEO BT Financial Group. 29 July 2004
BT Financial Group David Clarke CEO BT Financial Group 29 July 2004 BTFG significant progress over the year A single, modern, wealth management company Well balanced, diversified business mix Performing
More informationFor personal use only. Pepper Group Limited. Full year results as at 31 December 2016 Investor presentation. 24 February Copyright 2017 Pepper.
Pepper Group Limited Full year results as at 31 December 2016 Investor presentation 24 February 2016 Pepper s strategy is delivering strong earnings growth Record originations via multiple channels and
More informationLiberty Holdings Limited Financial results presentation for the year ended 31 December
Liberty Holdings Limited Financial results presentation 2016 for the year ended 31 December Results agenda Annual results 2016 Group financial Operational activities Conclusion preview and strategic performance
More informationTwo. Divisional review
Two Divisional review Group divisional structure Investec is a focused specialist bank and asset manager striving to be distinctive in all that it does Our strategic goals and objectives are motivated
More informationAnnual Report. Investec integrated annual review and summary financial statements
Annual Report 2017 Investec integrated annual review and summary financial statements 2017 About this abridged report The integrated annual review and summary financial statements has been compiled in
More information2009 Half Year Results. Analyst and shareholder briefing 18 February 2009
2009 Half Year Results Analyst and shareholder briefing 18 February 2009 Agenda Group highlights David Deverall Financial results Roger Burrows Outlook David Deverall 1 Agenda Group highlights David Deverall
More informationM&G Investments. Michael McLintock and Grant Speirs
M&G Investments Michael McLintock and Grant Speirs Agenda M&G Group strategic overview Michael McLintock M&G s results and the industry Grant Speirs Business outlook and summary Michael McLintock 2 About
More informationHALF YEAR RESULTS 2017
HALF YEAR RESULTS Incorporating the requirements of Appendix 4D The half year results announcement incorporates the half year report given to the Australian Securities Exchange (ASX) under Listing Rule
More informationBEYOND THE EUPHORIA: Growing shareholder value despite challenging macros
BEYOND THE EUPHORIA: Growing shareholder value despite challenging macros Alan Pullinger, CEO: FirstRand UBS conference, Cape Town 18 October 2018 Group strategic framework FirstRand aims to create long-term
More informationInvestment and Insurance Services Division 19 October 2004
Investor Half Day Investment and Insurance Services Division 19 October 2004 Disclaimer The material that follows is a presentation of general background information about the Bank s activities current
More informationParagon Banking Group PLC. Financial Results for twelve months ended 30 September 2018
Paragon Banking Group PLC Financial Results for twelve months ended 3 September 218 218 results highlights 2 Strong financial performance and further strategic progress Strong operational performance New
More informationInvestec Bank plc financial information (a subsidiary of Investec plc)
Investec Bank plc financial information (a subsidiary of Investec plc) consolidated financial information for the six months ended 30 September 2013 IFRS - Pounds Sterling Overview of results 30 Sept 2013
More informationConsolidated financial results for 2Q 2017
Citi Handlowy Strategy and Investor Relations Department Consolidated financial results for 2Q 2017 August 22 nd, 2017 2Q 2017 summary Consistent growth of customer business: Loan volume growth in institutional
More information0 2 Divisional review
2 Divisional review Group divisional structure 2 Investec is a focused specialist bank and asset manager striving to be distinctive in all that it does Our strategic goals and objectives are motivated
More informationWestpac 2008 Full year results
Westpac 2008 Full year results 30 October 2008 Westpac 2008 Full year results Gail Kelly Chief Executive Officer Key messages Performed well in a challenging environment, delivering a robust financial
More informationUBS Financial Services Conference Sydney 25 June Roger Burrows Chief Financial Officer Perpetual Limited
UBS Financial Services Conference Sydney 25 June 2008 Roger Burrows Chief Financial Officer Perpetual Limited Perpetual is one of Australia s largest independent wealth managers More than 120 years of
More informationInterim Results Interim Results. for the half-year ended 30 June Allied Irish Banks, p.l.c.
Interim Results 2006 Interim Results for the half-year ended 30 June 2006 Allied Irish Banks, p.l.c. 1 Forward looking statements A number of statements we will be making in our presentation and in the
More informationStandard Bank Group : J' :ź? WN ī 5' :Tź :TJ' ī ' 'T 55i : 5 ':T J T ': : ' 5 N?5WT'?:N HJ?b' J Ąā 1W: ăāăĉ
Standard Bank Group OVERVIEW OF STANDARD BANK GROUP AFRICA IS OUR HOME, WE DRIVE HER GROWTH ON-THE-GROUND PRESENCE IN 2 SUB-SAHARAN COUNTRIES OFFICES IN SIX KEY CENTRES 1 216 Branches 9 173 ATMs South
More informationInvestor presentation. Result presentation
Investor presentation Result presentation 21 Highlights Income Solid results given present macroeconomic climate Lower provisioning for credit losses and no new NPL formation Provisions for credit losses
More informationInternational Wealth Management. Philipp Wehle, Head Finance, International Wealth Management May 16, 2018
International Wealth Management Philipp Wehle, Head Finance, International Wealth Management May 16, 2018 Disclaimer This material does not purport to contain all of the information that you may wish to
More informationStrategies for growth
Strategies for growth UBS Australian Financial Services Conference - Sydney Brian Benari Group Chief Operating Officer & Group Chief Financial Officer 24 June 2010 Agenda How has the Challenger business
More information2016 INVESTEC BANK (CHANNEL ISLANDS) Limited (IBCI) Q and A fact sheet
216 INVESTEC BANK (CHANNEL ISLANDS) Limited (IBCI) Q and A fact sheet Overview of Investec, Investec Bank plc and Investec Bank (Channel Islands) Limited INVESTEC is an international specialist bank and
More informationWestpac Banking Corporation
Westpac Banking Corporation David Morgan Chief Executive Officer March 2007 Westpac Banking Corporation at a glance Australia s first bank est. 1817 Top 50 bank globally 1 Consistent earnings growth Strong
More informationFY12 Results 22 May 2012
FY12 Results 22 May 2012 DISCLAIMER --- Important Notice This presentation has been prepared by Thorn Group Limited (Thorn). This presentation is not a financial product or investment advice or recommendation,
More informationGLG Partners, Inc. Credit Suisse Insurance and Asset Management Conference
GLG Partners, Inc. Credit Suisse Insurance and Asset Management Conference NOVEMBER 14, 2007 FORWARD-LOOKING STATEMENTS Nothing in this presentation should be construed as, or is intended to be, a solicitation
More informationCredit Suisse First Boston Asian Investment Conference
Credit Suisse First Boston Asian Investment Conference Philip Chronican Chief Financial Officer Westpac Banking Corporation 25 March 2004 Westpac at a glance Established 1817 Top 100 bank globally 1 Core
More informationInvestec Bank plc (a subsidiary of Investec plc) Unaudited consolidated financial information for the year ended 31 March 2018 IFRS Pounds Sterling
Investec Bank plc (a subsidiary of Investec plc) Unaudited consolidated financial information for the year ended 31 March 2018 IFRS Pounds Sterling 2018 Overview of results For the year to 31 March 2018
More informationInvestec Bank Limited. salient financial information for the six months ended
Investec Bank Limited salient financial information for the six months ended 30 09 11 Overview 3 Overview of the Investec group 4 Organisational structure 5 Overview of activities 8 Commentary on results
More informationAnalyst Presentation 2000
Analyst Presentation 2000 Summary of Results Investec Group 2000 Results in a Snapshot Rands 31 March 2000 31 March 1999 % Change Headline Attributable Earnings (R m) 1 047 787 33.0 Diluted Headline EPS
More informationElectrocomponents 2017 half-year financial results. 18 November 2016
Electrocomponents 2017 half-year financial results 18 November 2016 Agenda Overview of results Lindsley Ruth Financial results and performance update David Egan Performance Improvement Plan Lindsley Ruth
More informationBank of Queensland. Half-Year Results 29 February FY08 Half-Year Results
Bank of Queensland Half-Year Results 29 February 2008 1 Agenda Result highlights Financial result in detail BOQ Portfolio Strategy and outlook David Liddy Managing Director & CEO Ram Kangatharan Group
More informationGLG Partners, Inc. FIRST QUARTER 2008 UPDATE
GLG Partners, Inc. FIRST QUARTER 2008 UPDATE MAY 7, 2008 FORWARD-LOOKING STATEMENTS This presentation contains statements relating to future results (including certain projections and business trends)
More informationInvestor Presentation. Annual Accounts
Investor Presentation Annual Accounts SEB a unique Nordic Bank Relationships Corporates Stability 2 Unique corporate franchise Truly embedded corporate bank Mergers & Acquisitions Foreign Exchange Trade
More informationMerge and Rule. Venice 11th June 2002 DISCLAIMER
Merge and Rule Venice 11th June 2002 1 DISCLAIMER This presentation has been prepared by Sanpaolo IMI and provides information on the management s business plans and strategies. As such, the presentation
More informationUBS Emerging Companies Conference - 17 October 2007
UBS Emerging Companies Conference - 17 October 2007 October 2007 1 Important Notice This presentation has been prepared by HFA Holdings Limited (HFA) and is supplied on the following conditions which are
More informationHSBC Holdings plc Interim Results 2012 Presentation to Investors and Analysts
A Chinese ship in Brazil s largest port, Santos. Photography: Matthew Mawson HSBC Holdings plc Interim Results 2012 Presentation to Investors and Analysts Forward-looking statements This presentation and
More informationAsia s strongest brand in banking, banking the world s strongest economies
Credit Suisse Investor Conference Peter Wong, Chief Executive, HSBC Asia-Pacific Asia s strongest brand in banking, banking the world s strongest economies 21 March 2011 www.hsbc.com Forward-looking statements
More informationStrategic Update. James P. Gorman, Chairman and Chief Executive Officer January 18, 2018
Strategic Update James P. Gorman, Chairman and Chief Executive Officer January 18, 2018 Notice The information provided herein may include certain non-gaap financial measures. The reconciliation of such
More informationOverview of results. 31 March Sept Sept 2016 % change
Investec Bank plc FINANCIAL INFORMATION (a subsidiary of Investec plc) Unaudited consolidated financial information for the six months ended 30 September IFRS Pounds Sterling Overview of results 30 Sept
More informationH Results Investor Presentation THERE S MONEY AND THERE S VIRGIN MONEY
H1 2015 Results Investor Presentation THERE S MONEY AND THERE S VIRGIN MONEY Page 1 Page 2 ROTE of 10. 2 % up from 7.6% in H114 1 Source: Company information for all data Note: 1) Calculated as underlying
More informationDavy Equity Conference New York 8th January Brian Goggin Group Chief Executive
Davy Equity Conference New York 8th January 2008 Brian Goggin Group Chief Executive Forward-looking statement 2 This document contains certain forward-looking statements within the meaning of Section 21E
More informationInternational Wealth Management presenting at the Deutsche Bank Global Financial Services Conference
International Wealth Management presenting at the Deutsche Bank Global Financial Services Conference Iqbal Khan CEO International Wealth Management New York Disclaimer This material does not purport to
More informationInvestec Bank plc. Q and A fact sheet
Investec Bank plc Q and A fact sheet Overview of Investec and Investec Bank plc Investec is an international specialist bank and asset manager that provides a diverse range of financial products and services
More informationRalph Norris CHIEF EXECUTIVE OFFICER
Ralph Norris CHIEF EXECUTIVE OFFICER 27 September 2007 Commonwealth Bank of Australia ACN 123 123 124 JP MORGAN ASIA PACIFIC AUSTRALASIAN CONFERENCE 2007 EDINBURGH Disclaimer The material that follows
More informationAshmore Group plc. Results for year ending 30 June September
Ashmore Group plc Results for year ending 30 June 2018 7 September 2018 www.ashmoregroup.com Overview Strong operating and financial performance Active investment continues to produce outperformance (94%
More informationInvestec Bank plc. Q and A fact sheet
Investec Bank plc 17 Q and A fact sheet Overview of Investec and Investec Bank plc Investec is an international specialist bank and asset manager that provides a diverse range of financial products and
More informationCorporate and Asset Finance Group Garry Farrell Group Head
44 Corporate and Asset Finance Group Garry Farrell Group Head Macquarie Group Limited Operational Briefing 7 February 2012 Presentation to Investors and Analysts 45 CAF at a glance Providing tailored finance
More informationQuarterly Financial Supplement 3Q 2018
Quarterly Financial Supplement 3Q 2018 Page # Consolidated Financial Summary... 1 Consolidated Income Statement Information... 2 Consolidated Financial Information and Statistical Data... 3 Consolidated
More informationInvestor Discussion Pack
Investor Discussion Pack David Morgan, Chief Executive Officer May 2002 Disclaimer The material contained in the following presentation is intended to be general background information on Westpac Banking
More informationPerformance and Outlook
Performance and Outlook November 2017 NSE: AXISBANK BSE: 532215 LSE (GDR): AXB 1 Safe Harbor Except for the historical information contained herein, statements in this release which contain words or phrases
More informationMake it happen. Make it happen
Make it happen Make it happen 08 August 2008 Important Information This presentation may contain forward looking statements, including such statements within the meaning of Section 27A of the US Securities
More informationANZ ASIA INVESTOR TOUR 2014
ANZ ASIA INVESTOR TOUR 214 AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED 23 JULY 214 STEVE BELLOTTI MANAGING DIRECTOR Global Markets & Loans Global Markets and Global Loans are two of the three product
More informationFirstRand Limited results. for the six months ended 31 December 2009
FirstRand Limited results for the six months ended 31 December 2009 Introduction Sizwe Nxasana Macro remains challenging Weak GDP growth Continuing job losses Lower interest rates High levels of consumer
More informationProfit Announcement For the full year ended 30 June 2013
Profit Announcement For the full year ended 30 June 2013 COMMONWEALTH BANK OF AUSTRALIA ACN 123 123 124 14 AUGUST 2013 FIND OUT MORE VIA OUR APP ASX Appendix 4E Results for announcement to the market (1)
More informationPreliminary Results. 22nd February 2018
Preliminary Results 22nd February 2018 Mark Lewis Chief Executive Officer Matthew Price Chief Financial Officer Full year themes Diversified business delivering stable returns Doing a great job for our
More informationInvesco Ltd. NEUTRAL ZACKS CONSENSUS ESTIMATES (IVZ-NYSE)
March 10, 2015 Invesco Ltd. (IVZ-NYSE) Current Recommendation SUMMARY DATA NEUTRAL Prior Recommendation Underperform Date of Last Change 10/03/2012 Current Price (03/09/15) $40.40 Target Price $42.00 52-Week
More informationMerrill Lynch. Banking & Insurance CEO Conference 2007 BBVA
Merrill Lynch Banking & Insurance CEO Conference 2007 BBVA London, 4 th October 2007 Disclaimer This document is only provided for information purposes and does not constitute, nor must it be interpreted
More informationFY2015 Annual Results August Brett McKeon - CEO David Bailey - CFO
FY2015 Annual Results August 27 2015 Brett McKeon - CEO David Bailey - CFO FY2015 Financial Results Highlights Delivery on FY15 Prospectus forecasts Pro forma NPAT $19.3 million up 8.4% against IPO forecast
More informationFor personal use only
Investor Update 1Q17 Overview Half Year to 31 December 2016 Well positioned for growth and diversification. NPAT 1 $5.6 million NPAT 1 (Before merger transaction and restructure costs) $8.2 million Net
More informationFull Year 2017 Results Presentation Bravura Solutions Limited
Full Year 2017 Results Presentation Bravura Solutions Limited 23 rd August 2017 Important notice and disclaimer The information contained in this document (including this notice) or discussed at this presentation
More informationStanbic Holdings Plc Financial performance for the half year ended 30 June 2018
Stanbic Holdings Plc Financial performance for the half year ended 30 June 2018 Contents Section Page 1. Welcome and remarks 3 2. Half year review 4 3. Detailed financial analysis 9 4. Corporate and Investment
More informationHSBC Holdings plc Annual Results
HSBC Holdings plc Forward-looking statements This presentation and subsequent discussion may contain certain forward-looking statements with respect to the financial condition, results of operations and
More informationInvestor Presentation. August 2013
Investor Presentation August 013 1 Some of the information in this presentation may contain projections or other forward-looking statements regarding future events or the future financial performance of
More informationJanuary 25, Page 1 of 5. Michael R. Bellora Deputy Treasurer, Fixed Income Investor Relations and Banking
Michael R. Bellora Deputy Treasurer, Fixed Income Investor Relations and Banking GE 201 High Ridge Road Stamford, CT 06927 USA January 25, 2012 T 203 961 2475 Michael.bellora@ge.com Below is our fixed
More informationMorgan Stanley Reports Fourth Quarter and Full Year 2018
Morgan Stanley Reports Fourth Quarter and Full Year 2018 Fourth Quarter Net Revenues of $8.5 Billion 1 and Earnings per Diluted Share of $0.80 Record Full Year Net Revenues of $40.1 Billion 1 and Net Income
More informationFinancial results & business update. Quarter ended 30 September October 2016
Financial results & business update Quarter ended 30 September 2016 19 October 2016 Disclaimer 3 Any remarks that we may make about future expectations, plans and prospects for the company constitute forward-looking
More informationAgenda. Results Presentation 27 February Appendices 1 to
Results Presentation 27 February 2018 51 Agenda Results Presentation 27 February 2018 Page Presented by Overview 1 Jeff Fairburn Review of operations 3 Jeff Fairburn Outlook 13 Jeff Fairburn Financial
More informationINVESTOR PRESENTATION
INVESTOR PRESENTATION FULL YEAR FY2018 17 August 2018 AGENDA FY18 INVESTOR PRESENTATION 1. Highlights & strategy Melos Sulicich Managing Director & CEO 2. Financial results David Harradine Chief Financial
More informationDATATEC GROUP UNAUDITED INTERIM RESULTS FOR THE 6 MONTHS ENDED 31 AUGUST 2016
Technology Distribution Integration & Managed Services Consulting & Research UNAUDITED INTERIM RESULTS FOR THE 6 MONTHS ENDED 31 AUGUST 2016 AGENDA Results summary, market conditions & operational strategy
More informationAshmore Group plc. Results for six months ending 31 December February
Ashmore Group plc Results for six months ending 31 December 2017 8 February 2018 www.ashmoregroup.com Overview Accelerating growth and outperformance across Emerging Markets GDP growth driven by exports,
More informationVFB-Happening Rik Scheerlinck, KBC Group CFO
Rik Scheerlinck, KBC Group CFO Important information for investors This presentation is provided for information purposes only. It does not constitute an offer to buy or sell any security issued by an
More informationQuarterly Financial Supplement 4Q 2018
Quarterly Financial Supplement 4Q 2018 Page # Consolidated Financial Summary... 1 Consolidated Income Statement Information... 2 Consolidated Financial Information and Statistical Data... 3 Consolidated
More informationFor personal use only. Suncorp Group Limited ABN Analyst Pack
Suncorp Group Limited ABN 66 145 290 124 Analyst Pack for the full year ended 30 June 2014 Basis of preparation Suncorp Group ( Group, the Group or Suncorp ) is represented by Suncorp Group Limited (SGL)
More information1H10 Half Year Financial Results
1H10 Half Year Financial Results Strategy aligned to structural trends Dominic Stevens Chief Executive Officer 22 February 2010 Strong financial performance Financial performance Normalised NPAT of $116m
More informationBank of Queensland Full year results 31 August Bank of Queensland Limited ABN AFSL No
Bank of Queensland Full year results 31 August 2013 Bank of Queensland Limited ABN 32 009 656 740. AFSL No 244616. Agenda Result overview Stuart Grimshaw Managing Director and CEO Financial detail Anthony
More informationAnalyst Conference. Preliminary figures February 15, Dr. Eric Strutz Chief Financial Officer
Analyst Conference Preliminary figures 2005 February 15, 2006 Dr. Eric Strutz Chief Financial Officer Highlights of 2005 Q4 `05 vs Q4 `04 FY 2005 vs 2004 Operating profit, 466 2.8 fold 1,717 +70% Net profit,
More informationHalf-Year 2016 Results Presentation
Half-Year 2016 Results Presentation ASX Limited Elmer Funke Kupper Peter Hiom 11 February 2016 Disclaimer The material contained in this document is a presentation of general information about the ASX
More information