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Westpac Banking Corporation (WBK) CEO Peter King on Q2 2020 Results - Earnings Call Transcript

May 04, 2020 11:03 PM ETWestpac Banking Corporation (WBK), WEBNF
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Westpac Banking Corporation (NYSE:WBK) Q2 2020 Results Conference Call May 3, 2020 8:00 PM ET

Company Participants

Andrew Bowden - Investor Relations

Peter King - Chief Executive Officer

Gary Thursby - Chief Financial Officer

Conference Call Participants

Jon Mott - UBS

Jarrod Martin - Credit Suisse

Andrew Lyons - Goldman Sachs

Victor German - Macquarie

Brian Johnson - CLSA

Matthew Wilson - Deutsche Bank

Richard Wiles - Morgan Stanley

Brendan Sproules - Citigroup

Andrew Triggs - JP Morgan

Brett Le Mesurier - Shaw and Partners

Ed Henning - CLSA

Joyce Moullakis - The Australian

Peter Ryan - ABC

James Frost - The Financial Review

Emily Cadman - Bloomberg

John Jury - Jury Freightlines

James Thomson - The Financial Review

Andrew Bowden

Good morning everybody and welcome to presentation of Westpac’s First Half 2020 Results. My name is Andrew Bowden, and I'm Head of Westpac's Investor Relations. I would like to acknowledge the traditional owners and custodians land on which we speak, the Gadigal people of the Eora nation, and pay my respects to elders, past, present and emerging.

Presenting today is our CEO, Peter King and our CFO, Gary Thursby. And we have most of the executive team here today in the room, and we will be able to take questions in need. So, please let me -- without further ado, let me welcome Peter to the lectern.

Peter King

Thanks, Andrew, and good morning everyone, and thank you for joining Westpac's first fully digital results presentation, a bit of a sign of the times. Well, Gary and I've been banking for some time. It's fair to say we've never presented a result like this with the challenges of low interest rates, COVID-19 and Westpac's own compliance issues, but importantly, we've got the balance sheet to support our customers through this time, and we're absolutely committed to turning around our performance.

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