Slide 1: Prudential plc Conference Presentation
Prudential plc (2378.HK/PRU LN) Conference Presentation 20th September 2022
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation may contain 'forward-looking statements' with respect to certain of Prudential's (and its wholly and jointly owned businesses’) plans and its goals and expectations relating to its future financial condition, performance, results, strategy and objectives.
Slide 3: Growth underpinned by structural demand drivers
Growth underpinned by ~$900bn of additional industry life structural demand drivers GWP6 by 2032 in our Asian markets 2.8% 1.8tn Increase from Low Health growth in size x2 of life GWP6 pool penetration1 protection gap2 >60 29 40% +1.5bn Asia contribution Growing middle to global GDP class4 2021 2032
Slide 4: Well-positioned to capture Southeast Asia's significant long-term potential
Well-positioned to capture Southeast Asia’s significant long-term potential Significant growth Enhanced High quality opportunities platform growth NBP Access to population of 670m Top 3 in 8 out of 9 ASEAN markets $1,249m Fast growing middle-class Growing high quality agency 12% Low insurance penetr
Slide 5: Distinct competitive advantages
Distinct competitive advantages 1 Chinese Mainland: Access to nearly whole of country 5 Pulse: Compelling digital strategy >80% 23 branches All-in-one, personalised & presence and on-demand AI-powered app in 99 cities Engage Onboard Fulfilment GDP & GWP1 2 India: Top 3 Life and Asset Manager2 6 Agen
Slide 6: HY22 Financial highlights
APE sales, $m New business profit, $m HY22 Financial +9% -5% highlights 0% excl. economics 2,213 1,155 1,098 2,036 Resilient broad- based delivery HY21 HY22 HY21 HY22 Continued IFRS operating profit, $m Operating free surplus generation Life & Eastspring, $m investment in operational +8%1 +12% capab
Slide 7: 14% NBP CAGR ex HK despite disruption
14% NBP CAGR NBP, HY18-HY22 $bn CER1 ex HK despite disruption 1.5 14% CAGR Ex HK, HY18-22 1.1 Material growth 1.0 0.2 in franchise with capacity for MCH 0.6 9% sales maintained 0.4 CAGR HY18-22 0.3 29% 0.1 HY18 HY19 HY20 HY21 HY22 Growth Markets Others HK Column1 7 1. Constant exchange rate basis.
Slide 8: Compelling investment case
Compelling investment case 1 Business model aligned to structural growth drivers Expect to deliver long-term growth Growth rates of NBP are expected to substantially outperformance exceed GDP growth 2 Diversification across Asia & Africa Funding further profitable Sustainable growth 3 Digitally enha
Slide 9: Thank you
Thank you