WESTPAC BANKING CORPORATION Financial results based on cash earnings unless otherwise stated. Refer page 33 for definition. Results principally cover the 1H16, 2H15 and 1H15 periods. Comparison of 1H16 versus 2H15 (unless otherwise stated)
Westpac Interim 2016 result index
Interim 2016 Result Presentation 3 Investor Discussion Pack of Interim 2016 Result 26 Strategy 27 Overview 32Performance discipline 33
Service leadership 38
Digital transformation 39
Workforce revolution 44
Sustainable futures 45
Earnings drivers 47Net interest income 48
Non-interest income 53
Markets and Treasury income 54
Expenses 55
Impairment charges 58
Asset quality 59 Capital, Funding and Liquidity 76 Divisional results Consumer Bank Business BankBT Financial Group Westpac Institutional Bank Westpac New Zealand
88
89
94
97
101
105
Economics 109 Appendix and Disclaimer 129 Contact us 135 2 | Westpac Group Interim 2016 Presentation & Investor Discussion PackBrian Hartzer Chief Executive Officer
Financial results based on cash earnings unless otherwise stated. Refer page 33 for definition. Results principally cover the 1H16, 2H15 and 1H15 periods. Comparison of 1H16 versus 2H15 (unless otherwise stated)
Growing value in a challenging environment
Solid financial outcome given challenging environment
Core earnings higher with lift in impairments reducing cash earnings
Disciplined management
More selective and targeted growth, margins managed well
Increased capital and return discipline
Maintained strong provisioning cover
Improving efficiency
Increased the sustainable value of the franchise
Rise in customer numbers and balance sheet growth
Strengthened balance sheet
Westpac Banking Corporation issued this content on 02 May 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 May 2016 03:18:05 UTC. Original document available at http://ir.iguana2.com/westpac/news-item?S=WBC&E=ASX&N=920126 |
