Santam Limited · JSE:SNT

Santam — Debt Investor Presentation (March 2023)

55 slides from Santam's debt investor presentation, March 2023

  1. Slide 1: Subordinated Debt Issuance

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  2. Slide 2: Content

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  3. Slide 3: The Santam Business Portfolio

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  4. Slide 4: Market Context

    MARKET CONTEXT

  5. Slide 5: Insurance Market Environment - Global

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  6. Slide 6: Insurance Market Environment - SA

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  7. Slide 7: Operating Environment Impacting Results

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  8. Slide 8: Catastrophe Claims: Santam

    CATASTROPHE CLAIMS: SANTAM GROSS TOTAL CATASTROPHE CLAIMS: ALL PERILS $OO\HDUVH[SUHVVHGLQHTXLYDOHQWYDOXHVDVDW'HFHPEHU 5PLOOLRQ )LUH )ORRG6WRUP +DLO 2WKHU ,QIHFWLRXV'LVHDVH

  9. Slide 9: Operating Environment: Underwriting Response

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  10. Slide 10: Group Strategy and Priorities

    GROUP STRATEGY AND PRIORITIES

  11. Slide 11: Refreshed Strategy and Growth Drivers

    OUR REFRESHED STRATEGY IS ANCHORED AROUND THREE KEY STRATEGIC GROWTH DRIVERS WHILST EMPLOYING A DATA AND ANALYTICS CENTRIC STRATEGY 385326( 6DIHJXDUGZKDWLVLPSRUWDQWWRRXUFOLHQWV 1DUURZWKHULVNSURWHFWLRQJDSLQWKHPDUNHWVZKHUHZHGREXVLQHVVWKURXJKFROODERUDWLYHSURDFWLYHULVNPDQDJHPHQW 9,6,21 DFWLYLWLHVDQGWKHS

  12. Slide 12: New Operating Model to Support the Growth Strategy

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  13. Slide 13: Strategic Priorities for 2023

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  14. Slide 14: Environmental Social Governance

    ENVIRONMENTAL SOCIAL GOVERNANCE

  15. Slide 15: Our ESG Commitments

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  16. Slide 16: Financial Performance

    FINANCIAL PERFORMANCE

  17. Slide 17: Santam December 2022 Key Facts

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  18. Slide 18: Conventional Insurance

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  19. Slide 19: Conventional Insurance: Net Insurance Result H1 vs H2

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  20. Slide 20: Gross Written Premium vs CPI + GDP Growth

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  21. Slide 21: Conventional Insurance: Net Insurance Result

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  22. Slide 22: Alternative Risk Transfer Insurance

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  23. Slide 23: Historical Earnings

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  24. Slide 24: Geographic Diversification

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  25. Slide 25: Asset Liability Matching

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  26. Slide 26: Shareholder Funds: Asset Mix

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  27. Slide 27: Shareholder Funds: Currency Mix

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  28. Slide 28: Return on Capital

    RETURN ON CAPITAL TOTAL COMPREHENSIVE INCOME EXPRESSED AS % OF WEIGHTED AVERAGE SHAREHOLDERS’ FUNDS 3HUFHQWDJH ,QVXUDQFH52& ,QYHVWPHQW52&

  29. Slide 29: Interest Coverage

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  30. Slide 30: Capital Management

    CAPITAL MANAGEMENT

  31. Slide 31: Capital Requirements: Short Term Insurers

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  32. Slide 32: Santam Capital Bases

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  33. Slide 33: Capital Management Philosophy

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  34. Slide 34: Economic Internal Model

    ECONOMIC INTERNAL MODEL SANTAM LTD MODEL STRUCTURE

  35. Slide 35: Capital Coverage Ratios

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  36. Slide 36: Economic Capital Requirement

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  37. Slide 37: Dividend Payments

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  38. Slide 38: Capital Management History

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  39. Slide 39: Stress Testing

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  40. Slide 40: Capital Structure

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  41. Slide 41: Financial Leverage

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  42. Slide 42: Risk Management

    RISK MANAGEMENT

  43. Slide 43: Key Risk Themes

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  44. Slide 44: Eskom – Operational Considerations

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  45. Slide 45: Reinsurance Program

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  46. Slide 46: Risk Framework

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  47. Slide 47: Impact of IFRS 17 Transition

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  48. Slide 48: Impact of IFRS 17 Transition – January 2022

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  49. Slide 49: Debt Capital Market Offering

    DEBT CAPITAL MARKET OFFERING

  50. Slide 50: Key Features of the Programme

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  51. Slide 51: Santam Credit Rating

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  52. Slide 52: Indicative Issuance Terms

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  53. Slide 53: Indicative Timeline

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  54. Slide 54: Questions?

    | QUESTIONS? . " Santam is an authorised financial services provider(F P 3416), a licensed non-life insurer controlling company for its group companies, \ es

  55. Slide 55: Thank You

    | THANK YOU © ‘ Santam is an authorised financial services provider(F SP 3416}, 3 licensed non-life insure controlling company for it$ group companies.

Santam — Debt Investor Presentation (March 2023) on 6ix