Banca Generali S.p.a. · MIL:BGN
Banca Generali — Q1 2022 Earnings Presentation
66 slides from Banca Generali's earnings presentation, May 13, 2022
Slide 1: Investor Presentation 1Q22 Results
Investor 1Q22 RESULTS Presentation 13 May 2022
Slide 2: To be the No. 1 private bank
To be the n°1 private bank, unique by value of service, innovation and sustainability 1Q 2022 Financial Results To be the No. 1 Balance Sheet & Capital ratios private bank, unique by value of Net Inflows, Assets and recruiting service, innovation Business update and closing remarks and sustainabilit
Slide 3: 1Q 2022 Results: Executive Summary
1Q 2022 RESULTS: EXECUTIVE SUMMARY Healthy quarterly results driven by the recurring component, in line with the long term ambition of the bank Low risk balance sheet, positively geared to the new scenario of rising interest rates, coupled with solid capital ratios Resilient assets, positive net inf
Slide 4: To be the No. 1 private bank
To be the n°1 private bank, unique by value of service, innovation and sustainability 1Q 2022 Financial Results To be the No. 1 private bank, unique Balance Sheet & Capital ratios by value of Net Inflows, Assets and recruiting service, innovation Business update and closing remarks and sustainabilit
Slide 5: Recurring Net Profit: Acceleration Towards Better Earnings Quality
RECURRING NET PROFIT ACCELERATION TOWARDS BETTER EARNINGS QUALITY +43% Speed up in the pace Recurring net profit1 of growth of recurring 53.2 net profit compared to €\m 44.6 +19% the last few years 37.2 bearing the fruit of 33.3 32.9 commitment to asset growth, business diversification and cost 1Q19
Slide 6: Net Financial Income Already Boosted by Rising Interest Rates
NET FINANCIAL INCOME ALREADY BOOSTED BY RISING INTEREST RATES Net Financial Income €\m +10% Solid increase in Net Financial Income thanks to: 34.6 30.6 ‒ Net Interest Income (NII) benefitted +23% 27.2 from higher interest bearing assets 24.7 13.3 8.4 22.1 (+€700m YTD) and higher yields on 2.9 4.6 in
Slide 7: Total Gross Fees: Recurring vs. Variable Fees
TOTAL GROSS FEES RECURRING VS. VARIABLE FEES DELIVERING OPPOSITE TREND Total Gross fees €\m 332.2 282.0 270.7 278.2 258.3 +11% Gross recurring fees -4% benefitted from higher assets and stable margins on a YoY basis while– on a Gross recurring fees 228.1 239.2 254.2 244.7 QoQ basis – affected by 221
Slide 8: Management Fees: Sound Growth Despite Headwinds
MANAGEMENT FEES SOUND GROWTH DESPITE FINANCIAL MARKETS’ HEADWINDS IN THE QUARTER +12% Management fees 217.4 -3% 206.4 209.9 €\m 193.1 187.4 Management fees benefitted from higher average managed assets over the 1Q21 2Q21 3Q21 4Q21 1Q22 period (+8% yoy, -1% from 4Q highs) +8% Avg. Managed Assets -1%
Slide 9: Banking and Entry Gross Fees
BANKING AND ENTRY GROSS FEES LIMITED EXPOSURE TO FINANCIAL MARKETS’ VOLATILITY Banking and entry gross fees €\m +3% Banking fees posted a -6% 36.8 solid trend across all 33.7 35.0 34.8 business lines 32.8 (advisory fees, 9.2 11.5 12.0 8.8 10.1 brokerage1 and service fees) 11.5 9.7 8.1 9.6 11.3 8.6 8
Slide 10: Total Pay-out Ratios
TOTAL PAY-OUT RATIOS TREND UNDERLYING BUSINESS MIX IN THE QUARTER Total Pay-out ratio and fee expenses €\m Total Fee expenses 117.0 119.8 125.1 134.0 124.6 Pay-out ratio to the 46.9% 46.7% 46.2% 47.0% 45.0% network decreased Pay-out to FAs YoY reflecting lower ordinary ordinary pay-out 36.6% 36.1% 3
Slide 11: Operating Costs (1/2)
OPERATING COSTS (1/2) GROWTH WITHIN GUIDANCE INCLUDING INTERNATIONAL EXPANSION Total operating costs1 €\m Breakdown of core operating costs1 €\m +7% +5.9% Total operating costs (+7.0%) reclassified in 59.9 56.0 54.2 order to allocate costs for 51.1 0.5 international expansion 0.1 0.4 1.5 (BG Suisse)
Slide 12: Operating Costs (2/2): Long Track Record for Cost Discipline
OPERATING COSTS (2/2) LONG TRACK RECORD FOR COST DISCIPLINE CONTINUES Operating costs / Total Assets Cost / Income Ratio 0.45% 0.40% 0.37% 55.8% 54.7% 54.8% 0.33% 0.33% 52.8% 0.31% 0.30% 0.28% 0.29% 46.9% 47.3% 44.6% 43.0% 45.9% 40.4% 42.1% 42.1% 40.7% 37.4% 37.3% 36.0% 36.8% 31.1% 2014 2015 2016 20
Slide 13: Summing Up
SUMMING UP Comments (€ mil) 1Q 21 1Q 22 % Chg Healthy trend of net recurring fees (+15%) amid financial markets’ Net Financial Income 24.7 27.2 10.0% headwinds Net recurring fees 104.1 120.0 15.2% Variable fees 111.0 13.7 -87.7% Costs discipline confirmed (‘core’ +6%) Total Banking Income 239.9 160.
Slide 14: To be the No. 1 private bank
To be the n°1 private bank, unique by value of service, innovation and sustainability 1Q 2022 Financial Results To be the No. 1 private bank, unique Balance Sheet & Capital ratios by value of Net Inflows, Assets and recruiting service, innovation Business update and closing remarks and sustainabilit
Slide 15: Low Risk Profile and Solid Balance Sheet (1/2)
LOW RISK PROFILE AND SOLID BALANCE SHEET (1/2) HIGH ASSET QUALITY, 66% ASSETS GEARED TO VARIABLE RATES 1Q 2022 Balance Sheet - Assets and Liabilities €\bn 17.0bn (+0.8bn/€ YTD) Assets - Well diversified, high quality 1.3 0.8 interest bearing assets 1.8 • Loans - steady expansion supported by Other a
Slide 16: Low Risk Profile and Solid Balance Sheet (2/2)
LOW RISK PROFILE AND SOLID BALANCE SHEET (2/2) FINANCIAL ASSETS WELL-PLACED TO EXPLOIT RISING INTEREST RATES Total Assets and Interest-bearing Assets €\bn Focus on Financial Assets (banking book) €\bn 17.0 Total PTF Classification Bond PTF Classification 16.2 14.0 Other assets 1.8 2.0 2.4 4% 1.0 16%
Slide 17: Capital and Leverage Ratios Well Above Requirements
CAPITAL AND LEVERAGE RATIOS WELL ABOVE REQUIREMENTS PRESERVING SOLID CAPITAL POSITION OVER PLAN HORIZON SEEN AS A PRIORITY Total Capital Ratio % Leverage Ratio % CET1 AT1 5.1% 4.8% 4.6% 18.4% 17.4% 17.3% 4.4% 16.1% 1.3% Solid capital ratios well 1.1% 1.1% 1.5% in line with SREP requirements (CET1 14
Slide 18: To be the No. 1 private bank
To be the n°1 private bank, unique by value of service, innovation and sustainability 1Q 2022 Financial Results To be the No. 1 Balance Sheet & Capital ratios private bank, unique by value of Net Inflows, Assets and recruiting service, innovation Business update and closing remarks and sustainabilit
Slide 19: Total Assets: Resilient Assets Despite Headwinds
TOTAL ASSETS RESILIENT ASSETS DESPITE FINANCIAL MARKETS’ HEADWINDS Total Assets €\bn AUM €\bn 85.7 84.0 60.5 58.6 77.5 55.5 11.9 12.3 10.1 16.3 16.1 Total assets were 13.3 13.1 16.2 11.8 resilient both in terms of volumes and mix over the period 55.5 60.5 58.6 44.2 42.5 39.3 Managed solutions1 are o
Slide 20: AUM Breakdown
AUM BREAKDOWN IN HOUSE SOLUTIONS SHOWING BETTER RESILIENCE THAN AVERAGE AM products €\bn Insurance products €\bn 33.0 31.6 29.2 26.3 27.5 27.0 9.4 9.3 Financial 8.4 AM products - wrappers Traditional life sound growth of policies 16.3 financial wrappers Third-party 13.2 16.2 16.1 11.6 12.4 Insurance
Slide 21: Net Inflows Confirming a Solid Commercial Trend
NET INFLOWS CONFIRMING A SOLID COMMERCIAL TREND Total Net Inflows €\bn AUM Net Inflows €\bn 2.2 0.5 Robust net inflows amid 1.7 geopolitical and macro 1.5 1.6 0.1 uncertainties, with an 0.3 1.1 above average defensive 0.4 0.3 0.6 mix (current accounts) due 0.4 0.4 to financial markets’ turmoil 1.6 0
Slide 22: Net Inflows by Acquisition Channel
NET INFLOWS BY ACQUISITION CHANNEL WELL-BALANCED COMMERCIAL GROWTH Net inflows by acquisition channel €\bn Recruitment trend # of new recruits 2.2 Net inflows driven by 0.5 existing FAs (73% of 1.7 total net inflows, as in 1.5 123 previous quarters) driven 105 by word of mouth and 0.7 86 higher shar
Slide 23: Ongoing Sustainable Growth: ESG Products
ONGOING SUSTAINABLE GROWTH ESG PRODUCTS AT 14.9% OF MANAGED SOLUTIONS Assets in ESG products €\bn ESG as % of Managed Solutions Net inflows in ESG products €\bn 14.9% 14.6% 6.5 6.3 13.6% 5.4 0.4 0.4 0.2 7.7% 1Q21 4Q21 1Q22 1Q20 1Q21 4Q21 1Q22 1Q21 4Q21 1Q22 23
Slide 24: April 2022 Commercial Update
APRIL 2022 COMMERCIAL UPDATE STEADY VOLUME GROWTH WITH ENHANCED BUSINESS MIX Total Net Inflows €\bn AUM Net Inflows €\bn New recruits # 1.9 0.8 50 0.5 0.2 0.6 31 0.3 0.3 17 0.5 0.8 0.2 0.2 0.1 8 0.1 19 0.3 0.1 0.1 9 Jan-April April 2022 Jan-April April 2022 Jan-April April 2022 2022 2022 2022 In-hou
Slide 25: Financial Advisory Network: Steady Growth
FINANCIAL ADVISORY NETWORK STEADY GROWTH BY SIZE AND QUALITY Breakdown by cluster of FAs1 Total No. of Fas # 2.162 2.190 2.087 2.124 2.040 17% 1.985 1.936 36% 1.841 1.715 1.645 66% 54% 14% 4% 3% 6% No.of FA AUM (bn/€) Wealth Managers 2014 2015 2016 2017 2018 2019 2020 2021 1Q21 1Q22 Private Bankers
Slide 26: To be the No. 1 private bank
To be the n°1 private bank, unique by value of service, innovation and sustainability 1Q 2022 Financial Results To be the No. 1 Balance Sheet & Capital ratios private bank, unique Net Inflows, Assets and recruiting by value of service, innovation Business update and closing remarks and sustainabilit
Slide 27: 2022-2024 Business Plan: Strategy Pillars and Guidelines
2022-2024 BUSINESS PLAN STRATEGY PILLARS AND KEY BUSINESS GUIDELINES Pillars Guidelines 1. Targeted offer Expanding offer and service model for a wider client range Value of service 2. Multi-service model Bring the Bank even closer to the FA Leverage data to support 3. Data-driven management network
Slide 28: First Steps Towards Deployment: New ESG Insurance Wrapper
FIRST STEPS TOWARDS DEPLOYMENT OF THE NEW BUSINESS PLAN NEW ESG INSURANCE WRAPPER FOR AFFLUENT CLIENTS Pillars New product launch Target Clients Value of service Targeted offer HNW Insurance A key competitive advantage Private in Wealth Management Launch of new wrapper with a simpler sale and post-s
Slide 29: Three Year Plan Targets Fully Confirmed
THREE YEAR PLAN TARGETS FULLY CONFIRMED AMID NEW MACRO SCENARIO LEVERAGING ON THE QUALITY OF THE DISTRIBUTION AND NEW PLAN’S GUIDELINES Objectives KPIs Targets Strong foundations Cumulated Positive track record in Consistent growth net inflows €18bn–€22bn any market condition 2022-2024 Growth in Ups
Slide 30: To be the No. 1 private bank
To be the n°1 private bank, unique by value of service, innovation and sustainability 1Q 2022 Financial Results To be the No. 1 Balance Sheet & Capital ratios private bank, unique Net Inflows, Assets and recruiting by value of service, innovation Business update and closing remarks and sustainabilit
Slide 31: Recurring Net Profit (2/2)
RECURRING NET PROFIT (2/2) SOUND GROWTH IN NET FEES AND LOWER ONE-OFFS CHARGES Build up of recurring net profit €\m Operating items Non operating items +11.2 +4.8 Increase in recurring net profit linked to higher operating result1 (+18% (1.2) 53.2 YoY and +20% QoQ) even 5.9 including push on IT (5.4
Slide 32: Management Company (BG FML) Lux
MANAGEMENT COMPANY (BG FML) LUX DRIVING ASSETS GROWTH BG FML - Assets by SICAV €\bn BG FML - Total Assets €\bn 21.4 20.1 Institutional fund 19.4 21.4 classes 19.4 20.1 11.0 10.2 Retail fund classes at 0.3 10.2 Retail fund classes 49% of total BG FML 0.3 0.3 assets (+1.7 ppt YoY) 4.6 4.1 9.2 10.4 9.9
Slide 33: Clients: Growing Client Base
CLIENTS GROWING CLIENT BASE WITH A FOCUS ON WEALTH ADVISORY NEEDS Breakdown by cluster of Clients Total No. of Clients ‘000 312 332 316 335 279 290 299 245 249 263 0.5% 9% 24% 27% 44% 2014 2015 2016 2017 2018 2019 2020 2021 1Q21 1Q22 64% 24% Asset/Clients ‘000/€ 8% 239 254 245 246 No.of Clients AUM
Slide 34: Best FA Quality in the Industry
BEST FA QUALITY IN THE INDUSTRY STEADY VALUE GROWTH Average FA portfolio (Assets per Financial Advisor) €\m Banca Generali Assoreti 1 39.2 37.9 35.1 32.8 13.2 28.8 29.0 11.4 25.8 10.8 24.3 22.2 10.3 10.6 26.0 19.7 9.4 23.7 9.2 22.0 18.0 15.8 8.3 7.2 18.5 18.4 6.5 16.4 5.8 15.1 13.9 12.5 11.5 10.0 20
Slide 35: To be the No. 1 private bank
To be the n°1 private bank, unique by value of service, innovation and sustainability 1Q 2022 Financial Results To be the No. 1 Balance Sheet & Capital ratios private bank, unique Net Inflows, Assets and recruiting by value of service, innovation Business update and closing remarks and sustainabilit
Slide 36: Net Italian Household Wealth to Keep Growing
NET ITALIAN HOUSEHOLD WEALTH TO KEEP GROWING PENETRATION OF MANAGED ASSETS RISING QUICKLY Net Italian Household Wealth €\tn Targetable Financial Wealth – Product mix €\tn 11.7 10.4 4.1 9.6 9.7 4.1 3.6 2.6 3.6 3.0 1.3 3.0 1.6 2.6 1.0 1.1 1.3 1.5 0.7 0.5 1.1 0.6 0.8 0.4 0.5 0.3 0.3 6.8 6.2 6.3 7.1 0.8
Slide 37: Private & HNW Household Wealth Has Outpaced Market Growth
PRIVATE & HNW HOUSEHOLD WEALTH HAS OUTPACED MARKET GROWTH FA NETWORKS HAVE EXPANDED THEIR MARKET SHARE Targetable Financial Wealth – Client segmentation €\tn Targetable Financial Wealth – Distribution channel €\tn Lower Affluent & Mass Banks Affluent Other channels Private FA Networks 4.1 HNW Not al
Slide 38: Banca Generali Has Grown Its Share Across All Segments
BANCA GENERALI HAS SUCCESSFULLY GROWN ITS SHARE ACROSS ALL SEGMENTS YET IT IS STILL A «DROP IN THE OCEAN» OF ITALIAN TARGETABLE FINANCIAL WEALTH Reference segment Banca Generali Share 2011 2016 2021E1 Targetable financial wealth 0.9% 1.6% 2.3% Private & HNW financial wealth 1.1% 2.8% 4.6% Financial
Slide 39: To be the No. 1 private bank
To be the n°1 private bank, unique by value of service, innovation and sustainability 1Q 2022 Financial Results To be the No. 1 Balance Sheet & Capital ratios private bank, unique Net Inflows, Assets and recruiting by value of service, innovation Business update and closing remarks and sustainabilit
Slide 40: Growth Through the Evolution of the Bank
GROWTH WILL BE ACHIEVED THROUGH THE EVOLUTION OF THE BANK BASED ON THREE KEY PILLARS Pillars Value of service Bring the Bank even closer to the FA network and Clients Innovation Continue to build a data-driven, digital and open bank Sustainability Be the ESG reference point for all our Stakeholders
Slide 41: Bring the Bank Even Closer to the FA Network and Clients
BRING THE BANK EVEN CLOSER TO THE FA NETWORK AND CLIENTS STRATEGIC GUIDELINES ON OFFER, SERVICE MODEL AND NETWORK MANAGEMENT APPROACH 1 st P i l l a r Value of service Bring the Bank even closer to the FA network and Clients Guidelines KPIs Providing FAs with bespoke products, services and Assets un
Slide 42: Total Assets Breakdown and Key Growth Drivers
TOTAL ASSETS BREAKDOWN AND KEY GROWTH DRIVERS STEADY GROWTH COUPLED WITH EXCELLENT ABILITY TO DELIVER HNW Private Affluent Key Growth Drivers TARGET Total Assets €\bn CLIENTS Managed solutions Advanced Advisory Traditional life policies 85.7 1. Our core activity Banking products 2.9x In-house offer
Slide 43: Expanding into New Client Segments
EXPANDING INTO NEW CLIENT SEGMENTS PRODUCTS, SERVICES AND PLATFORMS TO SERVE CURRENT CLIENTS AND ATTRACT NEW CLIENTS Advanced Client pyramid 1. Advisory 2. In-house offer 3. Insurance 4. AuC & Banking 5. Lending 2021 Client assets1 Introduction of sophisticated and exclusive solutions €20.8bn HNW Co
Slide 44: Expand Our Service Model (1/4)
EXPAND OUR SERVICE MODEL TO BETTER SUPPORT FAS AND CLIENTS (1/4) THREE DEDICATED APPROACHES New service models Target Client and description High potential Clients Enhanced Enhanced “Double touch” service model, powered by dedicated Family Office data-driven platform, to better capture complex-need
Slide 45: Enhanced: A Double-Touch Model for HNW Clients (2/4)
ENHANCED: A «DOUBLE-TOUCH» MODEL FOR HNW CLIENTS (2/4) COMBINING RICH DATA, ANALYTICS, SERVICE TEAMS AND PARTNERS Expertise brought Family Office Data by the Bank and Partners Driven Platform Family Office Platform for FAs highlighting bespoke Specialized teams working alongside FAs to understand Cl
Slide 46: Guided: A Hybrid Model for Affluent Clients (3/4)
GUIDED: A «HYBRID» MODEL TO SERVE AFFLUENT CLIENTS (3/4) DEDICATED ENGINE TO DELIVER GUIDED INVESTMENT SOLUTIONS BG Personas FAs cockpit Guided solutions Mapping of Client needs Backed by proposal Dedicated products centrally and preferences generating engine managed / automatically BG rebalanced DI
Slide 47: Self: A Digital Model for Hands-on Clients (4/4)
SELF: A «DIGITAL» MODEL FOR HANDS-ON CLIENTS (4/4) CURATED ECOSYSTEM OF DIGITAL SERVICES IN SELECTED VERTICALS Digital assets Sustainability INSTANT LENDING Lending1 Trading Opening technology developed for our FAs to end Clients Plug & play of the best fintech solutions from the market 47 NOTES: 1)
Slide 48: Summing Up
SUMMING UP EXPANDING OUR OFFER AND SERVICE MODEL, INCREASING VOLUMES AND MARGINS Targeted offer Multi-service model Enhanced HNW Private Affluent + Self Guided To better serve different Client segments, support new Clients and FAs acquisition and increase volumes and margins 48
Slide 49: Banca Generali Aspires to Take Its Growth to the Next Level
BANCA GENERALI ASPIRES TO TAKE ITS GROWTH TO THE NEXT LEVEL BY WORKING ON BOTH PRODUCTIVITY AND NETWORK EXPANSION 1. Support FAs’ productivity with a new Data-driven approach 1. Service models & targeted offers Managerial initiatives & support Geomarketing & support 2. Expand the network base with N
Slide 50: Productivity: Room for Further Improvement
PRODUCTIVITY - THERE IS ROOM FOR FURTHER IMPROVEMENT THERE IS STILL AMPLE DISPERSION IN THE PERFORMANCE OF INDIVIDUAL FAS 1. Productivity dispersion Root causes Client base characteristics: number of Clients served, Client size, share of Cumulated net inflows 2019-21 / Clients [€\k] wallet, Clients
Slide 51: Data & Analytics: Key to Improve Productivity
DATA & ANALYTICS - KEY TO IMPROVE PRODUCTIVITY SCORING OF POTENTIAL WILL HIGHLIGHT GAPS AND DRIVE MANAGEMENT ACTIONS 1. New data architecture Scoring of potential Actions and discovery of key gaps FA- a. Service models & targeted offer PSD2 Client Combining traditional «pull» approach sourced with a
Slide 52: BG Will Tap New Recruitment Pools
OVER THE NEXT STRATEGIC CYCLE BG WILL TAP NEW RECRUITMENT POOLS DUE TO BETTER ABILITY TO ATTRACT AND SUPPORT A WIDER POPULATION OF FAS 2. Recruitment guidelines Private talent + Next generation & diverse talent + International expansion ATTRACT THE BEST ONBOARD THE NEXT EXPAND RECRUITMENT PROFESSION
Slide 53: Switzerland Will Sustain Recruitment and Productivity
SWITZERLAND WILL SUSTAIN BOTH RECRUITMENT AND PRODUCTIVITY BY ADDRESSING CLIENTS MANAGED IN ITALY AND CLIENTS MANAGED IN SWITZERLAND 2. Targeting >€5bn-€7bn Client assets1 (between productivity and recruitment) over a 5-year horizon Client assets of ~€1.2bn between BG Offering re-location to Swiss V
Slide 54: Continue to Build a Data-Driven, Digital and Open Bank
CONTINUE TO BUILD A DATA-DRIVEN, DIGITAL AND OPEN BANK STRATEGIC GUIDELINES ON DATA, PLATFORMS AND PARTNERSHIPS 2 nd P i l l a r Innovation Continue to build a data-driven, digital and open bank Guidelines KPIs Systematizing data to power our commercial approach, Operating Costs / Data-driven bank b
Slide 55: Data-Driven Bank (1/2)
DATA-DRIVEN BANK (1/2) OVER THE PAST YEARS WE HAVE BUILT A SINGLE VIEW OF DATA WITHIN THE ORGANIZATION Data availability and centricity New data management Single view of data within the organization and governance division New data cloud architecture (Amazon Web Services) 55
Slide 56: Data-Driven Bank (2/2)
DATA-DRIVEN BANK (2/2) THE NEXT STEP WILL BE TO EXPLOIT OUR HIGH-QUALITY DATA TO POWER THE COMMERCIAL PROCESS Client Banker District Score of Score of Score of Client FA district potential potential potential 45% 75% 50% Share Family FA Portfolio size District Σ potential of wallet group performance
Slide 57: Digital Platforms (1/2)
DIGITAL PLATFORMS (1/2) OVER THE PAST YEARS WE HAVE LAID THE DIGITAL FOUNDATIONS OF OUR BANK Rich ecosystem of applications to Advisor support the Financial Advisor […] Up to 40% time reduction1 Business process automation to Bank >65% digital onboarding simplify daily operations Up to 70% automatio
Slide 58: Digital Platforms (2/2)
DIGITAL PLATFORMS (2/2) WE WILL FURTHER WORK TO FOSTER PERSONALIZATION, SCALABILITY AND DIGITAL EXPERIENCE Family Office Targeted personal platforms as the enablers data driven platform Advisor to new service models, to achieve greater personalization in our commercial process Onboarding Smart opera
Slide 59: Partnerships Ecosystem (1/2)
PARTNERSHIPS ECOSYSTEM (1/2) OVER THE PAST YEARS WE HAVE OPENED OUR ARCHITECTURE TO BEST-OF-BREED PARTNERS Front-end Certificates Workflow & Contact Home/Mobile ESG Data Advisory Hub Automation Center Robo 4 Advisor Banking Investments Trading Digital assets Management Back-end Plugging in solutions
Slide 60: Partnerships Ecosystem (2/2)
PARTNERSHIPS ECOSYSTEM (2/2) THIS APPROACH ENABLES US TO TACKLE KEY TRENDS ALSO BY ACCESSING PARTNERS’ INNOVATION Trends Partners Industry leaders Sustainability Digital investing BG as an orchestrator, continuous flow of innovation from partners in specialized verticals Key Trends Cybersecurity vs
Slide 61: Be the ESG Reference Point for All Our Stakeholders
BE THE ESG REFERENCE POINT FOR ALL OUR STAKEHOLDERS STRATEGIC GUIDELINES BY STAKEHOLDER 3 rd P i l l a r Sustainability Be the ESG reference point for all our Stakeholders Guidelines KPIs Enriching our SDGs1 value proposition by expanding Clients and FAs our ESG offer and continuous training of our
Slide 62: BG Approach: Sustainability as the Life Force
BG APPROACH: SUSTAINABILITY AS THE LIFE FORCE OF BANCA GENERALI KEY ACCOMPLISHMENTS Clients and FAs Shareholders Employees Community & future & Authorities Generations Unique commercial ESG factors assessments Employee training (56h avg. Adoption of Women's approach (SDGs platform embedded in all co
Slide 63: Most Recent ESG Ratings and Dialogue with Shareholders
MOST RECENT ESG RATINGS AND DIALOGUE WITH SHAREHOLDERS COMMITMENT TO TRANSPARENCY AND OPEN COMMUNICATION Top 40 9.2 - Negligible Risk EE (strong)1 listed Companies BG ranks 1st out of 449 players Outlook updated from “stable” to MIB ESG Index dedicated to in the asset management sector “positive”, c
Slide 64: Strategic Priorities for BG's Future Sustainability Path
STRATEGIC PRIORITIES FOR BG’S FUTURE SUSTAINABILITY PATH REINFORCING BG’S SUSTAINABILITY STRATEGY BASED ON FOUR GUIDELINES Clients and FAs Shareholders Employees Community & future & Authorities Generations >40% 50% By 2025: reduction of carbon Increase ESG disclosure footprint by 25% vs 2019 in % A
Slide 65: Disclaimer
DISCLAIMER The manager responsible for preparing the company’s financial reports (Tommaso Di Russo) declares, pursuant to paragraph 2 of Article 154-bis of the Consolidated Law of Finance, that the accounting information contained in this presentation corresponds to the document results, books and a
Slide 66: 2022 Upcoming Events and Investor Relations Contacts
2022 UPCOMING EVENTS Investor Relations Contacts JULY Su Mo Tu We Th Fr Sa 1H 2022 Results Giuliana Pagliari 1 2 Investor Relations Manager Conference Call Phone +39 02 408 26548 3 4 5 6 7 8 9 Mobile +39 331 65 30 620 10 11 12 13 14 15 16 E-mail: giuliana.pagliari@bancagenerali.it 17 18 19 20 21 22