Investor Presentaiton
STRATEGY & TRANSFORMATION
Transformation targets and results thus far
Target
by FY17
$2 billion
gross benefits
5,000 FTEs
$500-600 million of $2 billion
Result
over 18
months
to end
FY15
target of
$875 million¹
2,200
Will exceed
4,000³
(~$350m)³
1,800
5,000
($500m+)
benefits
1,000
by FY15
Exited
Actioned²
FY15 FTE
reduction
FY16-FY17
reduction
FY17 FTE
reduction
FY14
FY15
target
TRANSFORMATION EMBEDDED IN BUSINESS, WITH FURTHER BENEFITS POST FY17
1. Made up of $200m benefits realised in FY14 and target of $675m for FY15. 2. 1,400 FTEs have exited and remaining 400 FTEs have been actioned. 3. By June 2015. Consists of 1,500 Non-
operational FTEs and 2,500 Operational FTEs. 4. Achieved by June 2015 (further benefits from the 4,000 will track into FY16).
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