Several megatrends are shaping financial services, Nilesh Dusane, global head of institutional payments at AWS, and Shane Conway, executive general manager of transaction banking, enterprise payments and asset servicing at National Australia Bank, told Karen Webster.The digitization of banking is creating new customer experiences for consumers but also for small businesses. The form factors being used for payments are shifting from checks, cash and cards to mobile devices.And increasingly everyone wants a r ...

National Australia Bank Ltd (OTCPK:NABZY) Q4 2023 Earnings Conference Call November 8, 2023 6:30 PM ET Company Participants Sally Mihell - Head, IR Ross McEwan - Group CEO, MD & Director Nathan Goonan - Group CFO Conference Call Participants Andrew Triggs - JPMorgan Chase & Co. Jonathan Mott - Barrenjoey Andrew Lyons - Goldman Sachs Group Victor German - Macquarie Research Brendan Sproules - Citigroup Matthew Wilson - Jefferies Matthew Dunger - Bank of America Merrill Lynch Richard Wiles - Morgan Stanley Br ...

Financial Data and Key Metrics Changes - The company reported a strong financial performance with a revenue growth of 11.2% compared to the second half of 2022, driven by higher margins and volume growth [7][24] - Underlying earnings increased by 18.4% and cash earnings rose by 12.3% over the half, with cash earnings up 17% compared to the same period last year [8][9] - The interim dividend was increased by $0.05 to $0.83, representing 64% of cash earnings, slightly below the target range for the dividend payout policy [8] Business Line Data and Key Metrics Changes - Business and Private Banking saw a 14.8% increase in underlying profit, contributing over 40% to the total growth in the group's underlying profit [9] - Corporate and Institutional Banking experienced a 20% increase in underlying profit, driven by increased revenue in the markets business [9] - Personal Banking and New Zealand Banking delivered good results despite a challenging environment [9] Market Data and Key Metrics Changes - The company's CET1 ratio increased by 70 basis points to 12.21%, well above the target range of 11% to 11.5% [10][42] - The collective provision balance as of March 31 was 1.42% of credit risk-weighted assets, with $1.4 billion of forward-looking provisions added since September 2019 [11][32] - The housing portfolio has an average dynamic LVR of 43%, with only 1.1% of loans in negative equity [11] Company Strategy and Development Direction - The company is focused on executing a long-term strategy aimed at delivering sustainable and safe growth for shareholders, with deliberate choices about where to invest [7][12] - Investment in private banking and other target segments continues, while growth in home lending is being moderated due to current market dynamics [7][12] - The integration of previous acquisitions, including Citi Consumer Business and 86 400, is a priority to deliver transaction benefits [48] Management's Comments on Operating Environment and Future Outlook - The management acknowledged that higher rates and inflation are expected to weigh on household budgets and slow the Australian economy, but the pace and timing of the slowdown remain uncertain [6][46] - The company remains cautiously optimistic about the Australian economy, forecasting around 1% GDP growth for the next two years [46] - Supporting customers and colleagues remains the top priority, with a strong balance sheet positioned well for future volatility [47] Other Important Information - The company has seen a 10.3% growth in business lending in Business and Private Banking over the past 12 months [16] - The private wealth business is a key differentiator, ranking number one for high net worth customers among major peers [14] - The company is actively addressing increased fraud and scams, which have become a significant concern for customers [15][16] Q&A Session Summary Question: NIM trends and competitive pressures - The NIM was down 4 basis points in the second quarter, with competitive pressures impacting the second quarter NIM significantly [50][51] - The decline in NIM was primarily due to back book repricing and increased competition in savings accounts [52][54] Question: Retention pricing pressures - Approximately 20% of the book may not be impacted by repricing due to being ahead of schedule, with back book repricing about one-third complete [59][60] Question: Capital position and buyback considerations - The company is in a strong capital position but has decided to pause on further buybacks to assess market conditions [70][72] Question: Cashbacks and loan length trends - The company prefers to compete on service delivery rather than cashbacks, and there are early signs of lengthening loan tenors [76][78]

National Australia Bank Limited (OTCPK:NABZY) Q3 2022 Earnings Conference Call November 8, 2022 6:30 PM ET Company Participants Sally Mihell - Head of IR Ross McEwan - Group CEO Gary Lennon - Group CFO Andrew Irvine - Group Executive, Business and Private Banking David Gall - Group Executive, Corporate and Institutional Banking Rachel Slade - Group Executive, Personal Banking Conference Call Participants Jarrod Martin - Credit Suisse Andrew Lyons - Goldman Sachs Jonathan Mott - Barrenjoey Victor German - Ma ...

FULL YEAR RESULTS 2021 Investor Presentation 9 November 2021 Ross McEwan Chief Executive Officer Gary Lennon Chief Financial Officer © 2021 National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686 NAB 2021 FULL YEAR RESULTS INDEX This presentation is general background information about NAB. It is intended to be used by a professional analyst audience and is not intended to be relied upon as financial advice. Refer to page 127 for legal disclaimer. Financial information i ...

National Australia Bank Limited (OTCPK:NABZY) Q3 2021 Results Conference Call November 8, 2021 6:30 PM ET | --- | |-------------------------------------------| | | | Company Participants | | Sally Mihell - Head of Investor Relations | | Ross McEwan - Group CEO | | Gary Lennon - Group CFO | | Conference Call Participants | | Andrew Triggs - JPMorgan | | Andrew Lyons - Goldman Sachs | | Brian Johnson - Jefferies | | Victor German - Macquarie | | Matthew Wilson - BNP | | Brendan Sproules - Citi | | Richard Wil ...

National Australia Bank Limited (OTCPK:NABZY) Q2 2021 Results Conference Call May 5, 2021 8:30 PM ET Company Participants Sally Mihell - IR Ross McEwan - Group CEO Gary Lennon - Group CFO Conference Call Participants Jarrod Martin - Credit Suisse Andrew Triggs - JP Morgan Andrew Lyons - Goldman Sachs Victor German - Macquarie Brendan Sproules - Citi Richard Wiles - Morgan Stanley Brian Johnson - Jefferies Ed Henning - CLSA Matt Ingram - Bloomberg Intelligence Operator Thank you for standing by, and welcome ...

V-AI RE 2021 Investor Presentation 6 May 2021 Ross McEwan Chief Executive Officer Gary Lennon Chief Financial Officer ©2021 National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686 Divisional Performances 32 Technology & Operations Update 49 Long Term: A Sustainable Approach 52 Australian Business Lending 59 Australian Housing Lending 63 Other Australian Products 70 Group Asset Quality 73 Capital & Funding 90 Economics 103 Other Information 111 NAB 2021 HALF YEAR RESULTS ...

Financial Data and Key Metrics Changes - Cash earnings declined by 26% year-on-year and 9% in the second half, primarily due to high credit impairment charges [42] - Underlying profit fell by 4% over the year, with costs up by 2% and revenue lower mainly due to reduced free income [42] - Final dividend of $0.30 per share represents a 64% reduction compared to full-year 2019, reflecting the need to maintain a strong capital position [12][13] Business Line Data and Key Metrics Changes - Markets and treasury income increased by $672 million half-on-half, driven by mark-to-market impacts and stronger trading revenue [49][51] - Net interest margin declined by 1 basis point over the half, with a 3 basis point drop excluding markets and treasury impacts [54] - Fees and commissions decreased by $86 million, influenced by lower transaction volumes and COVID-19 related fee waivers [50] Market Data and Key Metrics Changes - Total loan deferral balance reduced from over $60 billion to $19 billion, with over 90% of customers expected to resume repayments [19] - Business deferrals also declined, with balances reducing to $5 billion by late October [68] - The CET1 capital ratio increased to 11.47%, with a pro forma ratio expected to reach 11.82% after the completion of the MLC Wealth sale [14][69] Company Strategy and Development Direction - The company is focusing on becoming a simpler, more streamlined business with clear accountability and efficiency [10][22] - A refreshed strategy emphasizes relationship-led banking, ease of doing business, safety, and long-term thinking [23][24] - Investment in technology and digital tools is prioritized to enhance customer experience and operational efficiency [26][34] Management's Comments on Operating Environment and Future Outlook - The management acknowledges the challenging operating environment due to low interest rates and the ongoing impacts of COVID-19 [6][42] - There is optimism about the economic recovery in Australia and New Zealand, with expectations of increased activity as restrictions lift [76] - The company plans to maintain a strong capital position while targeting growth in core business areas [77] Other Important Information - The company has extended substantial support to customers, including loan repayment deferrals totaling $60 billion [17] - A significant investment of approximately $1.3 billion is planned for 2021, focusing on key strategic priorities [30] - The company is committed to improving its compliance and control framework, particularly in response to rising cyber threats [32] Q&A Session Summary Question: Provisioning and Credit Quality Trends - Management indicated that the increase in provisioning reflects a more conservative approach due to the uncertain recovery timeline, particularly in sectors like aviation [82][84] - The overall credit quality remains stable, but there is recognition of the uneven impact across different sectors and geographies [84][85] Question: Target for Double-Digit Cash ROI - Management confirmed that the target for double-digit ROI does not rely on an increase in interest rates, emphasizing the need for improved operational efficiency [86][88] Question: Mortgage Growth and Market Share - Management acknowledged a loss of market share but expressed confidence in regaining competitiveness and growth in the mortgage sector [91][92] - The focus will be on maintaining disciplined margins while being competitive in the market [93] Question: Investment Spending and Amortization - Management is comfortable with the planned investment of $1.3 billion, emphasizing the importance of focused spending on key programs [95] - There is an expectation of an uptick in amortization costs due to policy changes affecting project capitalization [98]

Financial Data and Key Metrics Changes - The company achieved a 1% uplift in underlying cash earnings, but cash EPS declined by 2% due to dilution from capital raisings [6][22] - Cash earnings declined by just under 11% for the year, incorporating additional remediation charges and changes in capitalized software policy [6][22] - The CET1 ratio is at 10.38%, projected to rise to around 10.75% with the DRP [47][70] Business Line Data and Key Metrics Changes - Business & Private Banking cash earnings fell 2% year-on-year, with revenue up 1% [35] - Consumer Banking cash earnings fell 8% year-on-year but increased 20% half-on-half, with housing lending growth declining 1% [39] - Wealth cash earnings declined 30% over the year, driven by lower revenue and margins [41] - Corporate & Institutional Banking earnings fell 2% year-on-year, impacted by lower markets income [43] - New Zealand Banking cash earnings increased by 5% year-on-year, with strong lending growth [45] Market Data and Key Metrics Changes - The Australian economy is expected to grow around 2% in the coming year, with low unemployment at around 5% [57] - Housing recovery is underway in New South Wales and Victoria, reducing downside risks to housing credit growth [58] - Business conditions have softened, posing risks to business credit growth [58] Company Strategy and Development Direction - The company is focused on addressing past issues while preparing for the future, including a new CEO starting in December [64] - The transformation plan aims to deliver a more digitally-enabled bank and improve IT resilience [66] - Continued investment in digital capabilities is critical, with 66% of active customers now interacting through digital channels [16] Management's Comments on Operating Environment and Future Outlook - The operating environment remains uncertain, with low interest rates posing challenges for bank earnings [57][60] - Households are using surplus cash to pay down debt rather than spending, impacting economic growth [62] - The company is cautious about the outlook for business credit growth and overall economic confidence [80] Other Important Information - The company has increased customer-related remediation provisions to over $2 billion pretax [3] - A new remuneration framework has been implemented, with significant reductions in executive compensation [9][10] - The company has completed 5 of the 39 Royal Commission recommendations [8] Q&A Session Summary Question: Capital considerations and expenses - The company is comfortable meeting the unquestionably strong capital requirements and expects to build capital to around 11% [70] - There are challenges with rising compliance costs, but the company is focused on achieving productivity savings [76] Question: NIM and business credit growth - The impact of cash rate cuts on NIM is blended, considering multiple factors [78] - Business credit growth is slowing, but the company remains ahead of peers [80] Question: Capital position and remediation impacts - The company does not expect significant capital impacts from remediation provisions moving forward [84] Question: FTE reductions and expenses - The company is slightly behind on FTE reductions but remains focused on achieving flat costs for FY '20 [87][90] Question: Interest rate risk and capital accretion - The company’s interest rate risk is down, but not as significantly as peers [93]