Old Mutual Ltd. · JSE:OMU
Old Mutual — Corporate Update (November 2022)
15 slides from Old Mutual's corporate update, Nov 22, 2022
Slide 1: Business Update
22 November 2022 Business Update As at 30 September 2022 CEO: Iain Williamson & CFO: Casper Troskie
Slide 2: Agenda
AGENDA Alessandro Bottega www.presentationists.com Operational Update Capital Update Strategic Update Q&A Iain Williamson Casper Troskie Iain Williamson Group CEO Group CFO Group CEO 2
Slide 3: Operational Update
OPERATIONAL UPDATE
Slide 4: Financial Highlights at 30 September 2022
FINANCIAL HIGHLIGHTS AT 30 SEPTEMBER 2022 Strong performance from our core businesses Alessandro Bottega www.presentationists.com (7%) 17% 12% Gross Life APE Gross written flows sales premiums R136bn R9.5bn R16.9bn (6%) 56% R24m Funds under Net client Loans and management1 cash flows advances1 R1.2t
Slide 5: Capital Update
CAPITAL UPDATE
Slide 6: Optimising Return on Net Asset Value and Reducing Complexity
OPTIMISING RETURN ON NET ASSET VALUE AND REDUCING COMPLEXITY Special distributions drive Return on net asset value optimisation and simplification of balance sheet Alessandro Bottega www.presentationists.com Share buyback Cumulative Special Distributions (Rbn) Nedbank unbundling Special dividend • R
Slide 7: Group Net Asset Value
GROUP NET ASSET VALUE H1 2018 - H1 2022 Alessandro Bottega www.presentationists.com Solvency ratio 159% 187% • Active downward management of the Group and Life company Net asset value to optimise the Return on (15.7) 25.1 (4.9) net asset value 115.0 (4.9) (4.6) 57.5 (38.8) • Reduced complexity and r
Slide 8: OMLACSA Solvency
OMLACSA SOLVENCY Strong OMLACSA solvency position Alessandro Bottega www.presentationists.com OMLACSA solvency • Target range set to 1.75x to 2.10x in 2019 250.0 90000 225 218 215 212 212 • Iterative risk margin approved in 2020 resulting in 20% 80000 203 200.0 70000 improvement in ratio 60000 • 12.
Slide 9: Acquisition Framework
ACQUISITION FRAMEWORK Structured approach to new investments Alessandro Bottega www.presentationists.com Financial criteria Does the opportunity Is the opportunity Does the IRR exceed Yes accelerate profits Yes Yes Yes Yes within strategy COE? growth in the near term? Continue subject No No to portf
Slide 10: Strategic Update
STRATEGIC UPDATE
Slide 11: Update on Commitments to Investors
UPDATE ON COMMITMENTS TO INVESTORS Accelerating delivery as at 30 September 2022 Alessandro Bottega www.presentationists.com Change the trajectory of the customer experience Net promoter score at 67%, up from 62% in Q1 2021 – through digital engagement Build an entirely new financial services busi
Slide 12: Old Mutual Insure
OLD MUTUAL INSURE Broadening our presence in the short-term insurance value chain Alessandro Bottega www.presentationists.com Access to a wide range of value Focusing on domestic Tailored short-term insurance added products and innovative commercial and agriculture, solutions in car, household, offe
Slide 13: We Have Received Regulatory Approval to Apply for a License
WE HAVE RECEIVED REGULATORY APPROVAL TO APPLY FOR A LICENSE Unlocking new growth engines Alessandro Bottega www.presentationists.com Strategic rationale: ► Natural progression of core strategy ► Managing third-party banking partner reliance risk ► Regular customer interaction with increased cross-se
Slide 14: Q&A
Q&A
Slide 15: Disclaimer
DISCLAIMER Alessandro Bottega www.presentationists.com This presentation may contain certain forward-looking statements with respect to certain of Old Mutual Limited’s plans and its current goals and expectations relating to its future financial condition, performance and results and, in particular,