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mibank.me

About Mibank

Mibank provides financial comparison products.

Mibank Headquarter Location

173 Namsan Square Toegye-ro, Jung-gu

Seoul,

South Korea

+82 02-2273-1375

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Kina Securities : FY2020 Results Investor Presentation

Mar 2, 2021

03/02/2021 | 03:23am EST Message : Sydney NSW 2000 Australia Full-Year 2020 Results Investor Presentation Please find attached for release to the market, Kina Securities Limited's Full-Year 2020 Results Investor Presentation. -ENDS- For further information: Chetan Chopra Kina Securities Limited | Full Year Results 2020 February 2021 Important notice and disclaimer You must read this notice before reading or making any use of this document or any information contained in this document. By accepting this document, you agree to the following terms and conditions, including any modifications to them. Confidentiality: This Presentation and the information contained in this Presentation are provided to the recipient (the "Recipient") on a confidential basis for the sole purpose of discussions between the Recipient and representatives of the Kina Group. This Presentation may not be disclosed to any third party or used for any other purpose without the express written permission of the Kina Group. Disclaimer of liability: All information contained in this Presentation has been compiled by the Kina Group from sources believed by it to be accurate and reliable. The information in this Presentation was prepared as of its date, and remains subject to change without notice. The Recipient acknowledges that to the maximum extent permitted by law: (1) any and all liability in respect of the information contained in this Presentation is expressly excluded, including any liability arising from fault or negligence on the part of any person, for any direct, indirect, consequential or contingent loss or damage suffered by any person arising from the use of the information or otherwise arising in connection with it; (2) no responsibility is accepted by the Kina Group for this Presentation, any of the information, any omission from this document or any action taken by the Recipient or any other person on the basis of the information; and (3) the Kina Group is not liable to compensate or reimburse the Recipient for any liabilities, costs or expenses incurred in reviewing, investigating or analysing this document or taking any other action in relation to the Kina Group or any prospective transaction. Not an invitation, advertisement or offer of securities: This Presentation is not, and should not be considered as, an invitation, advice or recommendation to apply for securities and does not contain any application form for securities. This Presentation does not constitute an advertisement for an offer to sell or the solicitation of an offer to buy securities. This Presentation is not a disclosure document (as defined in the Australian Corporations Act) or a prospectus (as defined in the Papua New Guinea Securities Act). The provision of this Presentation is not a representation to you or any other person that an offer of securities will be made. Any offer of securities or prospective transaction would be undertaken solely on the basis of a prospectus or other disclosure document prepared in accordance with the applicable securities laws and regulations. Not financial product advice: The information contained in this Presentation is not, and should not be considered as, financial product advice, investment advice, legal advice, tax advice or other advice. The information does not take into account any Recipient's individual objectives, taxation position, financial situation or needs. Before acting on the information in this Presentation, Recipients should consider the appropriateness of it having regard to their particular circumstances and, if appropriate, seek professional advice, including tax advice. No representations or warranties: None of the information set out in this Presentation or otherwise provided to a Recipient in connection with this Presentation has been independently verified. Accordingly, the Kina Group makes no representation or warranty, express or implied, as to the accuracy, timeliness, completeness, merchantability, or fitness for any particular purpose of any such information. In respect of all information provided, the Recipient will rely entirely upon its own assessment, independent analysis and advice in relation to the business, assets and financial position and affairs of Kina Securities Limited. Forecasts: This Presentation may contain various plans, costs projections, estimates, forecasts and other forward looking statements ("Forecasts") which involve subjective judgments. Past performance is not a guarantee of future performance or future returns and a loss of original capital may occur. Fluctuations in exchange rates could have an adverse effect on the value or price of, or income derived from, certain investments. No representation, warranty or guarantee, whether express or implied, is made or given by the Kina Group as to the accuracy, completeness, likelihood of achievement or reasonableness of any Forecast. Conflicts: The Kina Group, its Directors, officers, employees or agents may own shares in Kina Securities Limited. By accepting this Presentation, you acknowledge and agree that none of the Kina Group, its Directors, officers, employees or agents are responsible to you in a fiduciary capacity nor is your access to the Presentation or the information evidence of any fiduciary relationship between you, another Recipient or the Kina Group, its Directors, officers, employees or agents individually or at all. Financial Results • Revenue up 53% on PCP to PGK 314.8m • Net interest income up 48% on PCP to PGK 169.7m • Non-interest income up 59% on PCP to PGK145.1m • Capital adequacy at 23.8% • Net interest margin 7.5% • Full year dividend AUD 10.0 cents or PGK 26.9 toea per share Highlights • Successfully transitioned the ANZ acquisition with zero customer attrition and grew customer numbers by 4,550 over 2020. • Simplified the corporate structure and successfully conducted a Non-Renounceable Rights Issue as a 1:2 rights issue, strengthening capital adequacy and positioning the company for future growth. • Renewed Funds Management and Administration service contracts protecting a growing revenue stream of > K30m pa. • Introduced a flagship and unique new customer offering, Prime, that includes fee free Visa cards, the lowest fixed rate home loan in PNG history, and associated advisory services. • Became the first commercial bank in the Pacific to implement VISA transaction controls online. • Launched a market leading internet payment gateway that facilitates digital payments through multiple online channels for scheme and first Bank to accept non-scheme cards. Highlights • Partnered with local Fintech company to deliver e-commerce services to the public sector. • Launched Xero bank feed API - another first for the Pacific and the first phase of a broader business advisory services capability. • Doubled number of eftpos terminals with market leading performance and integrated functionality. • Became the first commercial bank in PNG to design and test an eKYC solution for digital account opening, with full biometric and digital document ID. • Announced the proposed acquisition of Westpac's Pacific businesses in PNG and Fiji to become a larger at scale regional bank. Every success story requires a partner. CHEF JULZ HENAO • IMF estimates that real GDP declined by 3.3% in 2020. • Deferment of Papua LNG and P'nyang LNG before the Covid-19 outbreak put a dampener on investments in resource-adjacent sectors. • Pandemic triggered unprecedented fiscal response: o Debt-to-GDP ceiling increased from 45% to 60% o Central bank lowered the overnight rate, the Kina Facility Rate (KFR) by 200 basis points to 3.0% o Central bank also intervened in FX market at a pace of US$30-60 million per month, prioritising orders relating to healthcare and Covid-19 response. During the tough times, it's the people standing beside you who make the difference. PRODUCER JELENA TAMATE SME KINA BANK CUSTOMER • Government projects that debt levels as a percentage of GDP will increase from 48.9% in 2020 to 52.5% in 2023 in line with many economies as a result of the pandemic induced fiscal support. • 2021 National Budget projects over K40 billion in Capital Expenditure from 2021 to 2025, averaging 7.9% of GDP per annum. • Government has committed 38% for its 2021 Budget to Capital Expenditure, which is K7.5 billion or 8.3% of GDP. • The Government has announced the signing of a Fiscal Stability Agreement (FSA) for the Papua LNG Project between the PNG Government and with French company Total and partners ExxonMobil and Oil Search. Total Societal Impact • Promoted enterprise and financial inclusion Successfully completed first 'bank as a service' business innovation project to provide our financial inclusion partner, MiBank, with cards issuing, REPS interchange and POS. Through our partnership with MiBank over 130,000 Papua New Guinean customers opened bank accounts for the first time. • Helped to create the workforce of the future Partnered with the Kokoda Track Foundation to fund the build and operation of a FODE centre in Port Moresby, giving students a second chance at education. Over 150 students enrolled across grades 10, 11 and 12 and over 130 volunteer hours given by staff to support students with their studies. • Demonstrated thought leadership with SME Delivered a series of thought leadership programs for the business community. Launched at the Prime Minister's Back to Business breakfast, the series was delivered throughout the year via the Emstret Space, SME Policy Workshops and Business Advantage webinars; at the KTF Archer Reignite Conference and International Women's Day community event hosted by Kina Bank. • e-PNG Sponsored the first female in PNG to be accredited Certified Information Security Manager. Supported the Women in Digital network through sponsorships and event management. Significant progress made to bring citizen-centred government services online with the Lands Department and Immigration and Citizenship Authority employing our internet payment gateway to service customers across PNG. • Commenced development of Environmental Social Governance principles and framework to address the nature and extent of environmental and social risks to the business. To be completed in 2021. Key Revenue Measures

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