Slide 1: Suncorp Provides Analyst Pack Format Presentation
2 August 2007 For personal use only SUNCORP PROVIDES ANALYST PACK FORMAT PRESENTATION Suncorp is holding a teleconference this morning to provide more information about changes to the analyst pack format for its 2007 full year results announcement. Suncorp CFO, Chris Skilton and EGM Accounting and T
Slide 2: Changes in reporting FY07
For personal use only Suncorp-Metway Ltd Changes in reporting FY07 2 August 2007
Slide 3: Agenda
Agenda For personal use only • Introduction • Background • Overview of what has changed and why • Questions 2
Slide 4: Background
Background Market Feedback Our Response For personal use only • Generally happy with both • Adopted best of Suncorp and Suncorp and Promina Promina disclosures disclosures • Incorporation of section • Further detail regarding regarding integration progress integration • Consolidated view as well as
Slide 5: Format of the pack
Format of the pack For personal use only Pack consists of 6 sections: • Media release • Presentation • Consolidated group view • Suncorp results • Promina results • Appendix 4
Slide 6: Format of the pack – an example
Format of the pack – an example For personal use only Increased disclosure in Consolidated, Suncorp General Insurance and Suncorp Wealth Management sections Full Year Ended Jun-07 Jun-07 Jun-07 Jun-07 Jun-06 vs Jun-06 vs Jun-06 SUN SUN % % Consolidated Suncorp Suncorp Column 1 Column 2 result: resul
Slide 7: Format of the pack
Format of the pack For personal use only Pack consists of 6 sections: • Media release • Presentation • Consolidated group view • Suncorp results • Promina results • Appendix 6
Slide 8: Consolidated Section
Consolidated Section What has changed Impact Page For personal use only Headline result This will include Suncorp’s result for the full period plus 4 Promina’s contribution for 20/03/07 – 30/06/07 Integration update This section will provide an update on integration including 6&7 acquisition account
Slide 9: General Insurance
General Insurance What has changed Impact Page For personal use only Personal and commercial Promina’s split of direct and intermediated has been realigned to insurance reporting Personal and Commercial. Profit contribution excluding Profit contribution reporting will now include discount rate the i
Slide 10: Personal and Commercial Classifications
Personal and Commercial Classifications For personal use only Personal Commercial • Home • Property • Motor • Motor • CTP • Speciality • Other personal • Liability (including travel) • Workers compensation • Other commercial 9
Slide 11: Wealth Management
Wealth Management What has changed Impact Page For personal use only Entire WM disclosure Reporting has been simplified to better disclose the drivers of 75 underlying profitability – new business, margins and funds inflows Terminology Terminology now aligned with the business line known as Wealth 7
Slide 12: Profit and Loss Statement
Profit and Loss Statement Old New For personal use only Planned Experience Planned Total MoS Experience profits: Mortality Unit linked and other Morbidity Fees Other Expenses Recapture of losses Total contribution before investment income Total Life Risk Investment income Contribution before tax Lif
Slide 13: Wealth Management – reconciliation
Wealth Management – reconciliation Reconciliation to previous Suncorp disclosures: For personal use only HY HY HY Dec-06 Jun-06 Dec-05 Net profit Previous Suncorp disclosure (before tax) 54 39 42 Tax adjustment (6) (6) (4) New Suncorp disclosure (after tax) 48 33 38 Underlying profit Previous Suncor
Slide 14: Appendix
Appendix For personal use only • New Section • Proforma income statement • Proforma balance sheet • Proforma ratios 13
Slide 15: Questions
For personal use only Questions 2 August 2007