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Westpac Banking CEO Discusses F4Q10 And Full-Year Results – Earnings Call Transcript

Westpac Banking Corporation ( WBK)

F4Q10 and Full-Year (Year End 09/30/10) Earnings Conference Call

November 2, 2010 8:00 PM ET

Executives

Andrew Bowden – Head of IR

Gail Kelly – CEO

Phil Coffey – CFO

Rob Coombe – Head of Retail and Business Banking Operations

Curt Zuber – Group Treasurer

George Frazis – Chief Executive of Westpac New Zealand Limited

Analysts

John Watts – UBS

Victor German – Nomura

James Freeman – Deutsche Bank

Ben Koo – Goldman Sachs

Jarrod Martin – Credit Suisse

Ben Zucker – CBA Equities

Richard Wiles – Morgan Stanley

Craig Williams – Citigroup

Matt Davison – Bank of America-Merrill Lynch

Brian Johnson – CLSA

Brett Le Mesurier – Axiom Equities

T.S. Lim – Southern Cross

Scott Manning – JPMorgan

Johan Vanderlugt – Daiwa Capital Markets

Presentation

Andrew Bowden

Good morning and welcome to Westpac's full year 2010 results announcement. My name is Andrew Bowden. Thanks for joining us whether you're here in person or in the web.

Presenting this morning will be Gail Kelly, our CEO, and Phil Coffey, our CFO. And as per usual practice, we'll run through the presentation that was launched this morning and then we'll open up for questions.

So without further ado, let me invite Gail Kelly to the [inaudible] and to start proceedings. Thanks, Gail.

Gail Kelly

Thanks very much, Andrew, and good morning everyone, those of you in person and those of you who are listening in by the way of telephone. Welcome to you all.

And I certainly realize it was only a month ago that we were actually here together discussing the productivity and IT initiatives, but today of course is our full year 2010 results, and I have all of my team here to help take questions, any questions that you may have at the conclusion of our presentation, and George Frazis who's on the phone from New Zealand.

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