Challenger Limited · ASX:CGF
Challenger — Shareholder Meeting (October 2023)
34 slides from Challenger's shareholder meeting presentation, Oct 26, 2023
Slide 1: Annual General Meeting Chair and CEO Addresses
Challenger Limited 26 October 2023 ANNUAL GENERAL MEETING CHAIR AND CEO ADDRESSES Challenger Limited (ASX:CGF) is today holding its 2023 Annual General Meeting (AGM), beginning at 9:30am (Sydney time). For personal use only The AGM will be held as a hybrid meeting, which means shareholders can atten
Slide 2: Chair address: meeting introductions and board
Challenger Limited 26 October 2023 Today’s meeting will be recorded, and the recording will be available to view shortly after the AGM. For those of you present in person, as a courtesy to your fellow attendees, please ensure your mobile phone is turned to silent. Before we commence the formal aspec
Slide 3: Meeting procedures and questions
Challenger Limited 26 October 2023 We will then move to the formal items of business for the meeting. You will have an opportunity to hear from Melanie Willis and myself as we seek re-election today. We will be opening the floor to questions on our business and the resolutions to be considered later
Slide 4: Voting procedures
Challenger Limited 26 October 2023 For those attending the meeting in person, if you are eligible to vote, you can scan the QR code on your blue attendance card with your mobile device at any time. This will take you to a terms and conditions page and, once you accept the terms and conditions, to an
Slide 5: Building a sustainable retirement income market
Challenger Limited 26 October 2023 Building a sustainable retirement income market Now turning to my address. Challenger has an exceptional opportunity to live our purpose and improve the financial outcomes of Australian retirees. It is a privilege to have commenced as Chair at such an important tim
Slide 6: 2023 financial performance
Challenger Limited 26 October 2023 The Quality of Advice Review released earlier this year highlighted the challenges in accessing affordable, quality advice. And plans to legislate the Objective of Super will increase focus on the delivery of income throughout retirement. These reforms are each mea
Slide 7: Governance
Challenger Limited 26 October 2023 Governance The Board is acutely aware of the dynamic and rapidly changing environment that our business operates in, and the risks and opportunities that come with it. The financial services industry has undergone significant regulatory reform in recent years. Effe
Slide 8: Sustainability
Challenger Limited 26 October 2023 Sustainability Sustainability is a key focus for Challenger and our Board – it is important for the long-term success of our business and reflects the responsibility we have to shareholders, customers, employees and the community more broadly. In 2023, we continued
Slide 9: Closing remarks
Challenger Limited 26 October 2023 Closing remarks Reflecting on my first year as Chair, I am pleased with what we have achieved. We delivered a strong performance, with significant progress in executing our multi-year strategy that positions our business to meet a broader range of customer needs. T
Slide 10: Chief Executive Officer Address
Challenger Limited 26 October 2023 Chief Executive Officer Address Introduction Good morning, everyone. It’s a pleasure to update you on Challenger’s performance, progress in executing our growth strategy and the significant opportunities ahead. For personal use only Providing Australians with finan
Slide 11: Delivering our strategy
Challenger Limited 26 October 2023 Delivering our strategy Earlier this year, we provided an update on our corporate strategy. Our plan is built around our customers and focuses on driving growth, broadening our reach and leveraging our leading position in retirement income. I’m pleased to report th
Slide 12: Business highlights
Challenger Limited 26 October 2023 Together, Life and Funds Management form a unique and complementary business, that is a leader in savings and retirement income. Underpinning our business is our talented and motivated team, driven by a culture of innovation, growth and collaboration. Business high
Slide 13: Funds Management and strategic partnerships
Challenger Limited 26 October 2023 In Funds Management, we continue to innovate and expand our offering, adding new investment strategies, particularly in alternative assets, to meet growing client demand. Challenger has a proven track record of building successful strategic partnerships, leveraging
Slide 14: The opportunity ahead
Challenger Limited 26 October 2023 The opportunity ahead Challenger is in great shape, with momentum across our business as we meet the growing demand for our offering. The team has executed a range of strategic initiatives - broadening our distribution channels, expanding our product range and capt
Slide 15: About Challenger
Challenger Limited 26 October 2023 About Challenger Challenger Limited (Challenger) is an investment management firm focused on providing customers with financial security for a better retirement. Challenger operates a fiduciary Funds Management division, an APRA-regulated Life division and an APRA
Slide 16: Challenger Annual General Meeting 2023
challenger £3 Annual General Meeting 2023
Slide 17: Acknowledgement of Country
For personal use only ACKNOWLEDGEMENT OF COUNTRY Challenger acknowledges the Traditional Owners of Country throughout Australia and we pay our respects to Elders past and present. We recognise the continuing connection that Aboriginal and Torres Strait Islander peoples have to this land and acknowle
Slide 18: Duncan West, Independent Non-Executive Director and Chair
For personal use only Duncan West Independent Non-Executive Director and Chair
Slide 19: Executive team
Executive team Focused on delivering for customers, employees and shareholders For personal use only Nick Hamilton Alex Bell Anton Kapel Mandy Mannix Stuart Kingham Managing Director and Chief Financial Chief Executive, Chief Executive, Chief Commercial Chief Executive Officer Officer Life and Solut
Slide 20: Duncan West, Independent Non-Executive Director and Chair
For personal use only Duncan West Independent Non-Executive Director and Chair
Slide 21: Participating in the AGM: asking a question online
Participating in the AGM Asking a question online For personal use only Written • Select the Q & A icon on your screen • Select the topic your question relates to • Type your question into the chat box at the bottom of the screen and press ‘Send’ Verbally • Follow the instructions on the virtual mee
Slide 22: Participating in the AGM: casting your vote
Participating in the AGM Casting your vote For personal use only To access voting • in person - scan the QR code on the blue attendance card and accept the terms and conditions • online - select the vote icon • To vote, tap one of the voting options for each item of business: FOR, AGAINST or ABSTAIN
Slide 23: Building a sustainable retirement income market
Building a sustainable retirement income market Uniquely positioned to play a leading role For personal use only Ageing population Australians in retirement1 #1 Australian retirement income business1 7m+ Growing super $3.5tr 5th 5th system Superannuation largest global Australian life assets2 pensio
Slide 24: 2023 financial performance
2023 financial performance Strong performance Earnings top half of guidance range For personal use only Group AUM Group ROE (pre-tax) Dividend $105bn 12.7% 24.0 cps Normalised NPBT ▲6% ▲80 bps ▲4% $521m ▲ Life AUM 6% ▲ Life +200bps In-line with payout policy ▲ FM FUM 5% ▼ FM and Bank c ▲10% Statutor
Slide 25: Governance: highly capable and experienced Board
Governance Highly capable and experienced Board For personal use only Duncan West Nick Hamilton Melanie Willis Masahiko Kobayashi Independent Non-Executive Managing Director and Independent Non-Executive Non-Executive Director and Chair Chief Executive Officer Director Director Appointed: 10 Septemb
Slide 26: Sustainability
Sustainability Committed to creating a sustainable future For personal use only Building a high-performing, diverse and inclusive workforce 43.1% 40.0% 37.5% Women in Women in Women in all roles1 leadership team1 the Board1 89% Diversity and WGEA Employer of Choice - Challenger’s sustainability stra
Slide 27: Duncan West, Independent Non-Executive Director and Chair
For personal use only Duncan West Independent Non-Executive Director and Chair
Slide 28: Nick Hamilton, Managing Director and CEO
For personal use only Nick Hamilton Managing Director and Chief Executive Officer
Slide 29: Providing financial security in retirement
Providing financial security in retirement Positioned to benefit from structural tailwinds For personal use only Increasing longevity Need for guaranteed income in retirement3 Two thirds of older Australians are concerned 24 years 50% about the rising cost of living 62% Older Australians are cutting
Slide 30: Purpose and strategy: taking a broader stance in retirement
Challenger purpose and strategy Taking a broader stance in retirement For personal use only Meeting a wider range of customer needs Our purpose Broaden Leverage the Expand range Strengthen is to provide customer combined of financial resilience and customers with access across capabilities of produc
Slide 31: Challenger overview
Challenger overview Providing customers with financial security for a better retirement For personal use only Challenger Limited (ASX:CGF)1 Funds Life Management #1 Australian • Guaranteed3 retirement income Affiliate Originates and One of retirement products investment manages assets • APRA4 regula
Slide 32: Business highlights
Business highlights Meeting a broader range of customer needs For personal use only LIFE FUNDS MANAGEMENT STRATEGIC PARTNERHSIPS #1 Australian retirement income business1 Real estate Distribution of Apollo Aligned Global alternative Alternatives (AAA) Exclusive naming asset management strategy in Au
Slide 33: Supporting our communities
Supporting our communities Supporting organisations that make a positive impact on local communities For personal use only Australian Academy of Technological Sciences and Engineering (ATSE) Partnership to support Partnership with Partnership to support food Indigenous leadership Women Up North entr
Slide 34: Important note
For personal use only IMPORTANT NOTE The material in this presentation is general background information about Challenger Limited group’s activities and is This document may contain certain ‘forward-looking statements’. The words ‘forecast’, ‘expect’, ‘guidance’, ‘intend’, ‘will’ current at the date