Investor Presentaiton
For personal use only
FY21 BOQ GROUP KEY METRICS & PRO FORMA¹
BOQD
GROUP
BOQ excluding ME Bank2
(Aug 21 YE)
me
ME Bank3
(Aug 21 YE)
BOQ Group
Pro Forma
BOQ
Gross Loans and Advances ($bn)
50.6
25.2
75.7
Total Assets ($bn)
62.4
29.0
91.4
Balance Sheet
Total Interest Earning Assets ($bn)
56.4
28.8
85.2
Risk weighted assets ($bn)
33.8
10.4
44.2
Customer Deposits ($bn)
38.0
18.4
56.4
Total Revenue ($m)
1,168
505
1,673
Total Expenses ($m)
(626)
(307)
(933)
Income Statement
Underlying Profit ($m)
542
198
740
Cash NPAT ($m)4
389
143
532
Net Interest Margin (%)
Cost to Income (%)
Pro Forma
Key Metrics
Total provisions and GRCL / GLA
CET1 (%)
Customers (#)
c. 900k
1.95
1.70
1.86
53.6
60.8
55.8
76bps
38bps
63bps
9.80
c.1.5m
c.600k
(1) Pro formas have been prepared to align ME Bank to BOQ's August year end and to align ME Bank to BOQ's presentation of NII, Non-interest income and operating expenses
(2) BOQ result has been adjusted as follows:
VMA third party costs have been restated from non-interest income and included in operating expenses per ASX announcement on 30 September 2021
St Andrew's income as disclosed in note 2.4 and operating expenses and non interest income of $7 million in FY21 have been removed to reflect the planned divestment in
1H22
(3) Includes the impact of fair value adjustments on the balance sheet and amortisation of fair value adjustments on acquisition
(4) ME Bank proforma does not include distributions on AT1 instruments, which are taken as an adjustment for the purposes of calculating earnings per share
Bank of Queensland Limited 2021 Full Year Results Presentation (5) Provisions and GRCL for ME Bank have been grossed up to exclude the impact of the fair value adjustments on acquisition of ME Bank
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