Annual General Meeting
(‘AGM’)
26 November 2013
Agenda Item 1
Chairman’s Welcome and
Opening Address
Agenda Item 2
Reports
Highlights of 2012/13
Changed status from a credit union to a bank
Standard and Poor’s international credit rating
Successful merger
New product
Highlights of 2012/13
New trading name
Reduced operating costs
Reduced fees
Have continued to grow
Some Key Figures
Members
200,000
Employees
600
Assets Under Management
$4 Billion
Branches
50
2012 / 13 Pre Tax Profit
$32.2 Million
2012 / 13 After Tax Profit
$23.2 Million
Comparison 30 June 2005 &
30 June 2013
30/06/2005
30/06/2013
Total Income
$78.3 million
$245.2 million
Total Assets
$895 million
$3.8 billion
Total Deposits
$786 million
$3.05 billion
Total Loans
$797 million
$3.3 billion
Total Reserves
$65.2 million
$315.2 million
Net profit before tax
$9.6 million
$32.2 million
Net profit after tax
$6.6 million
$23.2 million
Capital Adequacy
12.2%
16.3%
Cost/Income
75.73%
70.63%
2013 AGM
The Year Ahead
2013 AGM
Directors’ Report
2013 AGM
2013 Annual General Meeting
Financial Report
by Debbie Goodin
Chair Board Audit Committee
2012/13 Performance Overview
Net Profit After Tax of $23.2m, down 17.8%
Group assets under management up 4.7% to $3.8bn
Investment in strategy increases cost to income ratio to 71%
New lending of $640m in a subdued economic environment
$1.6m contributed to our local communities (being 7% of profit)
Loan arrears down to 0.47% and still well below industry averages
Beyond Bank Australia
$30.0m
Net Profit after Tax
Underlying Profit
$25.0m
$20.0m
$15.0m
$10.0m
$5.0m
$0.0m
2011
2012
2013
Beyond Bank Australia
Beyond Bank Australia
18.00%
16.00%
16.14%
16.09%
16.18%
2011
2012
2013
14.00%
12.00%
10.00%
8.00%
6.00%
4.00%
2.00%
0.00%
Capital Adequacy
Beyond Bank Australia
$600k
Beyond Advice Profit (after tax)
Underlying
$500k
$400k
$300k
$200k
$100k
$0k
-$100k
-$200k
2011
2012
2013
Beyond Bank Australia
Operating expenses to net operating income
75.0%
70.0%
65.0%
60.0%
55.0%
50.0%
2011
2012
2013
Beyond Bank Australia
Loans Under Management
$3.40bn
$3.20bn
$3.00bn
$2.80bn
$2.60bn
$2.40bn
$2.20bn
$2.00bn
2011
2012
2013
Beyond Bank Australia
Credit Risk - Loan Arrears Ratio*
0.70%
0.60%
0.50%
0.40%
0.30%
0.20%
0.10%
0.00%
2011
2012
Being loans in arrears > 30 days as a portion of the total loan
portfolio
2013
Beyond Bank Australia
Deposits
$3.20bn
$3.00bn
$2.80bn
$2.60bn
$2.40bn
$2.20bn
$2.00bn
2011
2012
2013
Beyond Bank Australia
Profit expectations
$30.0m
$25.0m
$20.0m
$15.0m
$10.0m
$5.0m
$0.0m
2011
2012
2013
2014f
In Summary…
• Lower 2013 profitability due to reduced member fees and charges and a
significant investment in strategy but 2014 expected to improve
• Prudential standing maintained with strong capital adequacy and liquidity
levels
• Credit quality of loan portfolio pristine with arrears levels further reduced
• Ongoing focus on internal controls to minimise fraud losses
• Thanks to management team and staff for an outstanding result
2013 AGM
Retirement of two Directors
Agenda Item 3
Election of Directors
Election of Directors
6 candidates – 3
vacancies
6 candidates – all
assessed “fit and
proper”
Computershare
Pty Ltd – conduct
an independent
ballot
Results of Ballot
Number of votes cast for each
candidate:
1. Steve Nolis 3,548
(appointed for a 3 year
term)
2. Heather Webster 3,519
(appointed for a 3 year
term)
3. Geoffrey Knuckey 3,268
(appointed for a 3 year
term)
4. Margaret Patrick
(Carmody) 2,608
5. Christina Ryan 2,340
6. Geoffrey Parnell 1,315
2013 AGM
Information about Proxies
Received and Voting Process
2013 AGM
Details – Proxy Instruments
Agenda Item 4
Appointment of a Director:
Resolution 1
Appointment of a Director
Resolution to be put:
“That Steven Arndt’s appointment as
an elected Director of Beyond Bank
Australia from the end of the 2013
AGM until the end of the 2015 AGM
be ratified.”
Agenda Item 5
Proposed amendments to the
Constitution due to bank designation:
Resolution 2
2013 AGM
Resolution to be put:
“That the Constitution of Beyond Bank Australia
be hereby amended as set out in Explanatory
Note 3 on the Item of Business section of the
Notice convening the meeting.”
Agenda Item 6
Other proposed amendments to
the Constitution:
Resolution 3
2013 AGM
Resolution to be put:
“That the Constitution of Beyond Bank Australia
be hereby amended as set out in Explanatory
Note 3 on the Item of Business section of the
Notice convening the meeting.”
2013 AGM
Other Business - Opportunity
for Members to ask
Questions
2013 AGM
Announcement of the voting
results
2013 AGM
Close