Investor Presentaiton
BOQD
GROUP
FY21 OUTLOOK1
1. Uncertain outlook given COVID-19, but Australia relatively well placed
•
Less likelihood of downside scenarios on unemployment and house prices given Government
stimulus - uncertainty until vaccine developed
2. Remain committed to transformation strategy and capital investment of $100m
3. Expecting broadly neutral jaws
Above system growth in lending
•
Margin managed to within 2-4bps decline
•
Cost growth of c.2%
4. Prudent collective provision COVID-19 overlay taken in FY20 for anticipated lifetime losses
5. Continuation of strong balance sheet with CET1 ratio remaining above the top end of our target range
6. Return to sustainable profitable growth, supporting returns to shareholders and dividends
1. Subject to no material change in market conditions
Bank of Queensland Limited 2020 Full Year Results Presentation
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