Allianz Se · XETR:ALV
Allianz — Investor Day (December 2024)
19 slides from Allianz's investor day presentation, Dec 10, 2024
Slide 1: Leveraging the franchise for growth
Allianz (i) PIMCO Leveraging the franchise for growth Christian Stracke PIMCO President & Global Head of Credit Research Group Allianz Capital Markets Day December 2024
Slide 2: PIMCO — smart growth and resilience
ALLIANZ CAPITAL MARKETS DAY 2024 Allianz @ PIMCO — smart growth and resilience 2021 2024 2025 - 2027: Smart growth and resilience Industry challenges Near & long-term tailwind * Worst year on record ¢ Higher yield environment for bonds in 2022 1,452 * Demand for alternatives * Rising inflation/incre
Slide 3: Diversified business and deep expertise
ALLIANZ CAPITAL MARKETS DAY 2024 Diversified business and deep expertise Total AuM (EUR bn) Total AUM EUR 1,802bn @ 3rd partyAuM @ Allianz AuM For notes and details see endnote 2) Client type Global Wealth Management Institutional AuM Run rate revenues Asset class Asset allocation & equity — 6% Alte
Slide 4: Delivery of investment outperformance
ALLIANZ CAPITAL MARKETS DAY 2024 Allianz @ Delivery of investment outperformance Across global public bond markets ... AuM above benchmark over 5 years (after fees) Fund AuM above een) median over 5 yrs (after fees) For notes and details see endnote 3) ... and private lending Loss rates (annualized/
Slide 5: Resilient results through 2022's unprecedented bear market...
ALLIANZ CAPITAL MARKETS DAY 2024 Allianz ®@ Resilient results through 2022's unprecedented bear market... PIMCO revenues @ Revenues (EUR bn) = Bloomberg Global Aggregate (USD hedged) cumulative returns 2018 2019 2020 2021 2022 2023 2024e For notes and details see endnote 4) E05
Slide 6: .. preserving strong profit margins relative to peers
ALLIANZ CAPITAL MARKETS DAY 2024 Allianz ®@ .. preserving strong profit margins relative to peers PIMCO demonstrates better operating profit resilience relative to publicly traded peers 42% 43% 41% 41% 41% 40% 2018 2019 2020 2021 2022 2023 @ = PIMCO operating profit margin © Median industry (traditi
Slide 7: Value creation through combined Allianz & PIMCO franchise
ALLIANZ CAPITAL MARKETS DAY 2024 Allianz @ Value creation through combined Allianz & PIMCO franchise PIMCO Announced today! ..manages EUR 35.1bn Aum of Allianz Group's own investments ... © S Cc (@) N S E T Re ..and helps optimize CA pital intensity by deals like reinsurance transactions for Allianz
Slide 8: Strong position for near-term and secular growth
ALLIANZ CAPITAL MARKETS DAY 2024 Allianz @) Strong position for near-term and secular growth CE ico Income Asset-based lending Flexible approach to fixed income investing amid Capitalize on bank retrenchment, while obtaining private higher rates and elevated relative value opportunities credit alloc
Slide 9: Bonds are back — opportunities for active fixed income
ALLIANZ CAPITAL MARKETS DAY 2024 Allianz ®@ Bonds are back — opportunities for active fixed income Market assumptions indicate shift towards fixed income PIMCO leads active bond managers @ Fixed income recommended allocations YTD active global fixed income fund flows Other asset classes recommended
Slide 10: Growth supported by active fixed income value proposition
ALLIANZ CAPITAL MARKETS DAY 2024 Allianz @ Growth supported by active fixed income value proposition Bonds are different: Active bond managers historically ... With meaningful returns . outperform passive ... Why active bond management works % of # of U.S. funds with 10yr Average 10yr outper- outper
Slide 11: PIMCO capitalizes on opportunities across public and private strategies
ALLIANZ CAPITAL MARKETS DAY 2024 PIMCO capitalizes on opportunities across public and private strategies PIMCO’s Alternatives platform leverages the full breadth of its active, relative value DNA Long-term 1971 perspective with a fixed income lens 2007 EUR 170bn Integrated (Allston EUR 79bn span ris
Slide 12: PIMCO's integrated origination machine
ALLIANZ CAPITAL MARKETS DAY 2024 Allianz @ PIMCO’'s integrated origination machine Capital markets turbine Direct originati Platforms Equity, joint ventures, programs Capital reli & platform syndications, growth programmatic is: capital markets For notes and details see endnote 11) PIMCO’s originati
Slide 13: Risk management — part of everything we do
ALLIANZ CAPITAL MARKETS DAY 2024 Allianz @ Risk management — part of everything we do => { Risk management}. => Client Product development & ___ Liquidity Business and management portfolio management risk management enterprise management = = PIMCO seeks to provide clients with downside protection du
Slide 14: AI — harnessing technology to drive value for clients
ALLIANZ CAPITAL MARKETS DAY 2024 Allianz @ Al -— harnessing technology to drive value for clients Deployment Interconnected & Responsible Al Early mover ~ . Al governance Al controls Since 2013 holistic execution Strategy & execution Focus on unique risks strategy Core tenet Upskilling and Culture o
Slide 15: PIMCO's growth will help to drive enterprise value for shareholders
ALLIANZ CAPITAL MARKETS DAY 2024 Allianz @ PIMCO’s growth will help to drive enterprise value for shareholders Lead with 50-year investment track Ambition 2024e - 2027 W~ Lite record, superior client service and _ investment solutions (>) Double-digit growth rates across global wealth markets includ
Slide 16: Endnotes
ALLIANZ CAPITAL MARKETS DAY 2024 Allianz ®@ Endnotes 1) 2) 3) As of 30 September 2024. Source: PIMCO. PIMCO manages EUR 1.80 trillion in assets, including EUR 1.45 trillion in third-party client assets as of 30 September 2024. Assets include EUR 72 billion (as of 30 June 2024) in assets managed by P
Slide 17: Endnotes
ALLIANZ CAPITAL MARKETS DAY 2024 Allianz ®@ Endnotes 4) 5) 6) 7) 8) 9) As of 25 November 2024. Source: PIMCO, Bloomberg. As of 31 December 2023. Source: ISSMI U.S. Asset Management Profitability 2023. Median Industry calculated by ISSMI from a group of asset management divisions from 29 publicly tra
Slide 18: Endnotes
ALLIANZ CAPITAL MARKETS DAY 2024 Endnotes Allianz @) bond categories. PIMCO bond funds average annual outperformance is calculated at net asset value. Performance does not take into account the maximum initial sales charge and would be lower if it did. The net returns of active bond funds, active eq
Slide 19: Disclaimer
DISCLAIMER Cautionary note regarding forward-looking statements This document includes forward-looking state- ments, such as prospects or expectations, that are based on management's current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance f