Aviva Plc · LSE:AV.
Aviva — Investor Day (July 2014)
10 slides from Aviva's investor day presentation, Jul 9, 2014
Slide 1: Aviva Investors: Making Asset Management Core
Aviva Investors Making Asset Management Core Euan Munro Chief Executive Officer, Aviva Investors 27
Slide 2: Performance vs benchmark and target
• • • • • 100% 100% 86% vs BENCHMARK Target vs BENCHMARK Target 78% 80% 80% 100% vs BENCHMARK Target 81% 80% 60% 60% 60% 40% 40% 40% 20% 20% 20% 0% 0% 0%
Slide 3: Strategic potential of an in-house asset manager
Strategic potential of an in-house asset manager A composite has a number of roles to play in driving shareholder value ‘Power up’ Aviva Life Aviva share of wallet propositions + retention Customer- driven Customer value engagement & trust ‘Externalisation’ - new As part of a composite customers & a
Slide 4: Strategy fundamentals – the value proposition
Strategy fundamentals – the value proposition We will align AI around a single overarching proposition: Outcomes Deliver outcomes central to customers’ Why ‘outcomes’? Objective success & well being • Fading of guarantees • Retreat of state provision Target return Income Value • More uncertain lives
Slide 5: Our strategy
Our strategy Reposition & re-boot for success Re-orient around ‘outcomes’ and spearhead by 1 multi-strategy suite Align to Re-define & 2 customer needs Enhance and globalise specialist investment capabilities scale AI value Valued solutions proposition 3 Open up new winnable markets and profit pools
Slide 6: Taking the proposition to market
Taking the proposition to market We will deploy a focussed market & distribution strategy based around 3 strands Market type, criteria & focus areas Routes to market Focus 1. Life, GI customers Invest in: Aviva UK&I Aviva platforms 2. Distribution • Marketing & brand 1 Customer France Distribution p
Slide 7: Strategy delivery – activity to date
Strategy delivery – activity to date We have already been active in progressing this strategy • New ExCo, new strategy Value proposition • Exits from trading or non-outcomes style desks & direction • First multi-strategy suite launched – Target Return • Built capability in active LDI, Multi Asset &
Slide 8: Our approach to successful implementation
Our approach to successful implementation We see 4 drivers of successful implementation. We have made progress – but challenges over the next 18 months remain Key delivery requirement Now in place 18 month priorities & challenges • Streamlined to 960 FTE • Globalisation / rationalisation Organisatio
Slide 9: Summary: the Aviva Investors 5 year journey
Summary: the Aviva Investors 5 year journey From To Investment manager with clear value Captive insurance asset manager selling its proposition directly targeted at real customer expertise in the open market needs Strong but inconsistent & heavily siloed Collaborative investment professionals workin
Slide 10: Cautionary statements
Cautionary statements: This should be read in conjunction with the documents filed by Aviva plc (the “Company” or “Aviva”) with the United States Securities and Exchange Commission (“SEC”). This announcement contains, and we may make other verbal or written “forward-looking statements” with respect