Aegon Ltd. · EURONEXT:AGN

Aegon — Shareholder Meeting (May 2012)

11 slides from Aegon's shareholder meeting presentation, May 16, 2012

  1. Slide 1: Annual General Meeting of Shareholders AEGON N.V.

    Annual General Meeting of Shareholders AEGON N.V. The Hague, May 16, 2012

  2. Slide 2: Full year 2011 & first quarter 2012 results

    Full year 2011 & first quarter 2012 results Jan Nooitgedagt CFO & Member of the Executive Board

  3. Slide 3: 2011 Underlying earnings reflect a year of transformation

    2011 Underlying earnings reflect a year of transformation EUR million ƒ Strategic decisions 1,522 MLN ƒ Lower interest rates 2011 1,522 and equity markets 2010 ƒ Redress program UK 1,833 2009 ƒ Provisioning to 1,129 account for rising life expectancy rates 3

  4. Slide 4: 2011 Net income

    2011 Net income EUR million ƒ Lower underlying 872 MLN earnings 2011 872 ƒ Fewer gains on investments 2010 1,760 ƒ Offset decrease in income tax and lower 2009 204 impairment charges 4

  5. Slide 5: Cost savings in 2011 offset by restructuring charges

    Cost savings in 2011 offset by restructuring charges ƒ Cost savings in line with plans and strategic focus ƒ Investments in new propositions ► Distribution initiatives ► Pension platform UK ƒ Restructuring charges mainly in NL and UK 5

  6. Slide 6: 2011 Sales & deposits demonstrate strength of franchise

    2011 Sales & deposits demonstrate strength of franchise New life sales Gross deposits EUR million EUR billion 1,835 MLN 32 BLN 2011 2011 1,835 32 2010 2010 2,081 33 2009 2009 1,950 28 6

  7. Slide 7: Return on equity

    Return on equity In % ƒ RoE for ongoing 6.7% business 7.9% 2011 X Higher average 6.7 shareholder’s equity 2010 8.6 X Lower underlying earnings 2009 5.1 7

  8. Slide 8: Capital base ratio of 74.2% - on target to exceed 75% by end 2012

    Capital base ratio of 74.2% - on target to exceed 75% by end 2012 Capital Excess Group US UK Netherlands base capital in IGD RBC ratio Pillar I IGD ratio holding EUR 1.2 December 31, 2011 73.5% 195% 453% 149% 195% bln Capital base ratio roll forward 73.5% 0.2% 0.3% 0.2% 74.2% Q4 2011 Retained Up-str

  9. Slide 9: Q1 2012: sales and earnings increase; strong capital position maintained

    Q1 2012: sales and earnings increase; strong capital position maintained ƒ Underlying earnings 3% up to EUR 425 million ► Business growth, cost reductions and favorable markets ƒ Net income 59% up to EUR 521 million ► Positive fair value items and low impairments ƒ Total sales 25% up to EUR1.8 billi

  10. Slide 10: Focus on delivering on targets

    Focus on delivering on targets* Achieve return on equity of Grow underlying earnings Double fee-based earnings to Increase annual normalized before tax by operational free cash flow to 10-12% 7-10% 30-35% €1.3-1.6 by 2015 on average per annum billion between 2010 and 2015 of underlying earnings by 2

  11. Slide 11: Conclusion

    Conclusion ƒ 2011, a year of transformation; positioning for the future ƒ Underlying earnings affected by financial markets, UK exceptional charges and provisioning for rising life ƒ Restructuring in the UK finalized; in the Netherlands on track ƒ Strong franchise evidenced by resilient sales ƒ Capi

Aegon — Shareholder Meeting (May 2012) on 6ix