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| 8-K - 8-K - Great Western Bancorp, Inc. | gwb-2018xannualstockholder.htm |
Annual Stockholder Meeting | February 22, 2018
Ken Karels
Chairman of the Board
President & CEO
Great Western Bancorp, Inc.
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Board of Directors
Ken Karels
President & CEO
Dan Rykhus
CEO, Raven Industries
Jim Brannen
CEO, FBL Financial Group
Steve Lacy
CEO, Meredith Corp.
Jim Spies
President, Spies Corp.
Frances Grieb
Retired Partner, Deloitte LLP
Tom Henning
CEO, Assurity Group, Inc.
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Jim Israel
Retired Executive, Deere & Co
James Brannen
• Director since October 2015
• CEO, FBL Financial Group,
Inc.
Director Nominees
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Thomas Henning
• Director since August 2015
• President & CEO, Assurity
Group, Inc.
Daniel Rykhus
• Director since July 2014
• President & CEO, Raven
Industries
Business Matters
Donald Straka
General Counsel
• Proposal #1 – Election of the three nominees for Director named in the Proxy
Statement to hold office until the 2021 Annual Meeting of Stockholders. The nominees
are:
• James Brannen, CEO of FBL Financial Group, Inc.;
• Thomas Henning, President & CEO of Assurity Group, Inc.; and
• Daniel Rykhus, President & CEO of Raven Industries.
• Proposal #2 – Advisory vote to approve executive compensation.
• Proposal #3 – Approval of an amendment to the Company’s 2014 Omnibus Incentive
Plan.
• Proposal #4 – Approval of an amendment to the Company’s 2014 Non-Employee
Director Plan.
• Proposal #5 – Ratification of Ernst & Young LLP as independent registered public
accounting firm.
• Other Business. 5
Registered Public Accountants
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Custodian
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Ken Karels
Chairman, President & CEO
Great Western Bancorp, Inc.
Financial Highlights &
Performance
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GWB Leadership Team
Ken Karels
Chairman, President & CEO
Peter Chapman
EVP & CFO
Steve Ulenberg
EVP & CRO
Michael Gough
EVP & CCO
Doug Bass
EVP & Regional President
Scott Erkonen
CIO
Cheryl Olson
Head of Marketing
Andy Pederson
Head of P&C / L&D9
Forward-Looking Statements: This presentation contains forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Statements about Great Western Bancorp, Inc.’s expectations, beliefs, plans,
strategies, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be
forward-looking. These statements are often, but not always, made through the use of words or phrases such as “anticipates,”
“believes,” “can,” “could,” “may,” “predicts,” “potential,” “should,” “will,” “estimate,” “plans,” “projects,” “continuing,” “ongoing,”
“expects,” "views," “intends” and similar words or phrases. In particular, the statements included in this press release concerning
Great Western Bancorp, Inc.’s expected performance and strategy, the effects of tax reform, the outlook for its agricultural
lending segment and the interest rate environment, beyond fiscal year 2017 are not historical facts and are forward-looking.
Accordingly, the forward-looking statements in this press release are only predictions and involve estimates, known and
unknown risks, assumptions and uncertainties, that could cause actual results to differ materially from those expressed. All
forward-looking statements are necessarily only estimates of future results, and there can be no assurance that actual results
will not differ materially from expectations, and, therefore, you are cautioned not to place undue reliance on such statements.
Any forward-looking statements are qualified in their entirety by reference to the factors discussed in the sections titled “Item 1A.
Risk Factors” and "Cautionary Note Regarding Forward-Looking Statements" in Great Western Bancorp, Inc.’s Annual Report
on Form 10-K for the fiscal year ended September 30, 2017. Further, any forward-looking statement speaks only as of the date
on which it is made, and Great Western Bancorp, Inc. undertakes no obligation to update any forward-looking statement to
reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated
events.
Non-GAAP Financial Measures: This presentation contains non-GAAP measures which our management relies on in making
financial and operational decisions about our business and which exclude certain items that we do not consider reflective of our
business performance. We believe that the presentation of these measures provides investors with greater transparency and
supplemental data relating to our financial condition and results of operations. These non-GAAP measures should be
considered in context with our GAAP results. A reconciliation of these non-GAAP measures appears in our earnings release
dated January 25, 2017 and in Appendix 1 to this presentation. Our earnings release and this presentation are available in the
Investor Relations section of our website at www.greatwesternbank.com. Our earnings release and this presentation are also
available as part of our Current Report on Form 8-K filed with the SEC on January 25, 2017.
Explanatory Note: In this presentation, all financial information presented refers to the financial results of Great Western
Bancorp, Inc. combined with those of its predecessor, Great Western Bancorporation, Inc.
Disclosures
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(1) Source: American Bankers Association.
(2) Adjusted net income, adjusted EPS and efficiency ratio are non-GAAP measures. See Earnings Release for reconciliations.
About GWB
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Company Snapshot EPS Performance
Strong Earnings Growth and Efficiency Market Presence
• Full-service regional bank focused on relationship-based
business and agribusiness banking
• 173 banking branches across 9 states: Arizona,
Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska,
North Dakota and South Dakota
• Headquartered in Sioux Falls, South Dakota
• 6th largest farm lender bank in the U.S. as of 09/30/17 (1)
(2)(2)
(2)
10% EPS CAGR
Proven Business Strategy
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Focused Business Banking Franchise with Agribusiness Expertise
Risk Management Driving Solid Credit Quality
Attract and Retain High-Quality Relationship Bankers
Invest in Organic Growth While Optimizing Footprint
Deepen Customer Relationships
Strong Profitability and Growth Driven by a Highly Efficient Operating Model
Strong Capital Generation and Attractive Dividend
Explore Accretive Strategic Acquisition Opportunities
(1) Adjusted net income, efficiency ratio and ROTCE are non-GAAP measures. See Earnings Release for reconciliations.
FY17 Financial Highlights
Highlights Net Income ($MM) & ROAA
Modest Net Charge-offs / Avg. Total Loans Balance Sheet Growth ($MM)
• Net income of $144.8 million, or $2.45 per diluted share, a
14.5% increase compared to FY16
• Attractive ROAA of 1.27% and ROTCE(1) of 15.4%,
increases compared to 1.16% and 15.1%, respectively in
FY16
• The efficiency ratio(1) remained very attractive at 46.5% for
the year
• Asset quality remained stable with 0.26% net charge-offs
as a percentage of average loans
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+3.3%; +4.1% excl.
FV adjustments +4.3%
(1)
First Quarter FY18 Results
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Highlights Net Income ($MM) & ROAA
Balance Sheet Growth ($MM) Stable Credit Metrics
• Net income of $29.2 million and adjusted net income(1) of
$42.8 million, or $0.72 per share
• $0.20/share dividend declared January 25 payable
February 21 to owners of record as of the close of
business February 9
• 45.8% efficiency ratio(1) an improvement from previous
quarter
• Strong loan growth and stable credit metrics
+8.7% annualized
growth
(1) Adjusted net income and efficiency ratio are non-GAAP measures. See Earnings Release for reconciliations.
(1)
1.47% ROAA ex.
DTA adjustment
Corporate Responsibility
• Core part of mission and culture is to
give back to the communities we serve
• Developing creative and meaningful
relationships in Education, Financial
Literacy, Community Development,
Healthcare and more through charitable
giving and civic service by Executives
and employees
• Donated $160 thousand in the inaugural
year of our Making Life Great Grants
program in addition to over $2 million of
other charitable giving
• Reinvested a portion of expected savings
from the Tax Cuts and Jobs Act into
compensation and employee benefits
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Voting Results
• Proposal #1:
• Proposal #2:
• Proposal #3
• Proposal #4:
• Proposal #5:
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THANK YOU
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