Helvetia Baloise Holding Ag · SIX:HBAN
Helvetia Baloise — Helvetia Group — Investor Presentation (November 2022)
16 slides from Helvetia Baloise's investor presentation, November 2022
Slide 1: Helvetia Group Investor presentation November 2022
Helvetia Group November 2022 Investor presentation Cover: Christine Streuli "Wiggle", 2015, Helvetia Kunstsammlung
Slide 2: Disclaimer
Disclaimer Disclaimer: Analyst presentation NEITHER THIS DOCUMENT NOR ANY PART OR COPY OF IT NOR THE INFORMATION CONTAINED IN IT AND ANY RELATED MATERIALS MAY BE TAKEN OR TRANSMITTED INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR DISTRIBUTED OR REDISTRIBUTED, DIRECTLY OR INDIRECTLY, IN THE UN
Slide 3: Helvetia at a glance: A European financial services provider anchored in Switzerland
Helvetia at a glance: A European financial services provider anchored in Switzerland with a strong international footprint Net income Net combined ratio • International financial services provider (2021 in CHF million) (2021 in %) • Products across life and non-life insurance and reinsurance 520 94.
Slide 4: Investment story: Sustainable value creation through strong core insurance business
Investment story: Sustainable value creation through a strong core insurance business and attractive growth opportunities Sustainably growing dividends Resilience based on financial strength and diversification Proven ability to seize growth opportunities 4
Slide 5: Sustainably growing dividends per share with an exceptional track record
Sustainably growing dividends per share with an exceptional track record Sustainable and reliable dividend policy 5.5 5.0 5.0 4.8 5.1% Continuous 4.6 dividend 4.2 increase 3.8 3.6 3.4 3.5 3.2 3.2 3.0 2.9 2.7 2.7 Solid 1.8 cash CAGR production 1.1 14.8% 0.8 0.4 2002 Dividend per share (CHF) Dividend
Slide 6: Attractive dividends based on steady operating cash production
Attractive dividends based on steady operating cash production driven by a strategy focused on profitable growth Increasing operating cash production based on growing core business (in CHF million) 319 322 Continuous 290 dividend 271 279 increase Solid cash production 2017 2018 2019 2020 2021 • Cons
Slide 7: Fourfold diversification: regions, business fields, income streams, customer segments
Helvetia is characterised by fourfold diversification in terms of regions, business fields, income streams and customer segments Business Income Customer Regions fields1) streams segments Switzerland 3% Private 7% Premiums customers 41%1) 50% 40% Europe Investment SME returns customers 44%1) Non-lif
Slide 8: Broad and flexible business setup with ability to capitalise on growth
Broad and flexible business setup with the ability to capitalise on growth and value potential Region Market growth trends Main growth drivers and initiatives Non-life Switzerland • Customer convenience Life Fee business • Distribution channels ➢Online insurer Smile 1 Non-life Europe Life • Fee busi
Slide 9: Scaling Smile brings new sources of profitable growth in online insurance
1 Scaling Smile brings new sources of profitable growth in the promising area of online insurance Targeting strong growth in Switzerland… …and scaling a profitable asset internationally ~2x ~300,000 No. of customers ● Internationalisation of Smile ~150,000 in Switzerland across Europe 2020 2025 ● Co
Slide 10: Increase in capital-light fee income streams driven by 'Health and care' in Spain
2 Increase in capital-light fee income streams driven by ecosystem 'Health and care' in Spain Fee and commission income 354 (in CHF million) 50 Asset management 226 154 Health and elderly care 40 Distribution services 67 Assistance, maintenance, other 80 81 38 70 2020 2021 ∆ at constant FX1) 56.0% O
Slide 11: Specialty Lines CH / International: growth in attractive specialty niches
3 Specialty Lines CH / International: Continuously pursuing growth opportunities in attractive specialty niches Increasingly diversified portfolio… …demonstrating strong profitable growth (in % of business volume; as of 2021) (Business volume in CHF million) 530 2% 2% Engineering 453 10% Marine 343
Slide 12: Key figures HY 2022: well on track across financial targets
Key figures HY 2022: well on track across financial targets based on a strong technical performance Return on equity1) Fee and commission income Business volume $ (in CHF million) (in CHF million) 10.8% 11% 8.4% Target range CHF >350 million p.a. 2021-2025 (HY basis not annualised) 6,941 8% 193 6,80
Slide 13: Key figures HY 2022: cost efficiencies and outstanding capitalisation
Key figures HY 2022: good progress on cost efficiencies and ongoing outstanding capitalisation Cost efficiencies (in CHF million) CHF 100 million Dividend distribution Net economic dividend ✓ (in CHF million) capacity (NEDC) ▪ HY 2022 On track CHF >1.5 billion (as of 31/12/2021) 39 FY 2021 ✓ CHF 0.8
Slide 14: Financial strength and resilient insurance and asset portfolios
Financial strength and resilient insurance and asset portfolios provide a robust basis in an uncertain current environment Counterbalancing inflationary trends Resilient asset portfolio • Partly embedded automatic indexation of High-quality bond portfolio Rising yields premiums (as of 30/06/2022) Ne
Slide 15: Wrap-up: Sustainable value creation through strong core insurance business
Wrap-up: Sustainable value creation through a strong core insurance business and attractive growth opportunities Sustainably growing dividends Resilience based on financial strength and diversification Proven ability to seize growth opportunities 15
Slide 16: Calendar and contact
Calendar and contact Important dates − 06/03/2023 Publication of full-year results 2022 − 28/04/2023 Ordinary Shareholders' Meeting 2023 Contact details Investor Relations Media Relations Philipp Schüpbach Rachael Burri Jonas Grossniklaus Head of Investor Relations Investor Relations Manager Head of
Helvetia Group — Investor Presentation (November 2022) on 6ix