Investor Presentaiton
Results summary
MyState
Sub Debt Issue | Investor Presentation 18
Limited
1H20
1H19
Change*
Net interest income ($m)
48.16
44.15
+9.1%
Positive jaws in 1H
with income growth
exceeding cost
growth leading to a
lower cost to
income ratio
Total operating income ($m)1
63.34
59.36
+6.7%
Operating expenses (excl. BDD) ($m)1
41.12
39.23
+4.8%
Net profit after tax ($m)1
15.12
14.34
+5.4%
Earnings per share (cps)
16.57
15.87
+0.7cps
Net interest margin (%)
1.82%
1.81%
+1bp
Cost to income ratio (%) 1
64.92%
66.08% -116bp
Return on average
equity increased on
Level 2 Total capital ratio (%) 2
13.21%
12.90%
+31bp
pcp to 9.29% which
compares
favourably to
regional bank peers
Return on average equity (%)³
Return on tangible equity (%)³
9.29%
9.02%
+27bp
12.64%
12.44%
+20bp
Dividend-fully franked (cps)4
14.25
14.25
0.0cps
Dividend payout ratio (%)
86%
90%
-4%
Credit performance - 30 day arrears (%)
0.56
0.52
+4bp
*Financial performance figures compare 1H20 to 1H19 as the previous corresponding period (pcp). Balance sheet and capital figures compare 30 June 2019 as pcp. All amounts shown
represent statutory results inclusive of discontinued operations unless otherwise stated
1.
Excludes discontinued operations
234
2.
As at 30 June 2019
3.
Annualised FYTD
4. Interim dividend of 14.25cps paid to shareholders on the register at the record date of 2 March 2020View entire presentation