Slide 1: Prudential plc Investor presentation
Prudential plc Investor presentation December 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: James Turner – Group CFO; Lilian Ng – Managing Director, Strategic Business Group
James Turner – Group CFO Lilian Ng – Managing Director, Strategic Business Group
Slide 4: Key messages: Delivering sustainable growth & value
Key messages: Delivering sustainable growth & value 1 Diversified pure-play Asia & Africa with leading positions in key high growth markets 2 Enhancing capabilities building on our substantial competitive advantages 3 High quality resilient growth in HY22 despite challenging environment 4 Successful
Slide 5: Diversified market leading platform focused on Asia & Africa
Diversified market leading platform focused on Asia & Africa 99 19.3m Years in Asia Life customers Top 3 in11 3.9bn Africa Asia life markets1 Access to $76m population HY22 APE HY22 APE ($m) Greater China 1,015 Southeast Asia 1,002 India 120 1. As reported at full year 2021. Sources include formal (
Slide 6: Distinct competitive advantages
Distinct competitive advantages Chinese India Indonesia Thailand Mainland Access to nearly whole Top 3 life and asset Strong market A leading of Chinese Mainland manager positioning bancassurance player #1 15% market share2 Overall market share4 Upscaling the business significantly through > 80% #1
Slide 7: Delivering for 19.3m life customers as a trusted partner
Delivering for 19.3m life customers as a trusted partner Leading customer experience High customer satisfaction 75% Top 3 Smart underwriting rate1 NPS in 5 out of 7 markets3 24% > 90% Smart claims rate2 Customer retention ratio 1. % of policies which are auto-underwritten. 2. % of policies where cla
Slide 8: 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 8 1. Constant exchange rate basis.
Slide 9: Appendix
Appendix
Slide 10: Diversification and growth: Financial performance by segment
Diversification and growth Financial performance by segment CPL3 Growth New Business Adjusted IFRS EEV SHF Long- mkts $m Profit Operating Profit term business1 New Business Profit, HY22 HK HY22 %YoY2 HY22 %YoY2 30-Jun-22 Sing. Indo. Malaysia CPL3 217 (4) 149 7 3,302 3 Hong Kong 211 (31) 501 10 17,24
Slide 11: Earnings Momentum: Group operating profit +8%
Earnings Momentum: Group operating profit +8%1 Well diversified life profit High quality Central costs reducing Life IFRS operating profit, HY22 IFRS insurance income, HY22 Group P&L HY21-22 % YoY CER1 $m HY21 HY22 % CPL+7%2 Spread (CER1) Growth With Profit Life 1,768 1,898 7% Hong Kong +10% Eastspr
Slide 12: NBP: $1.1bn
NBP excl. economics High quality NBP development HY21-HY22, $m resilient performance (55) 101 (44) +0% (59) (5)% 1,155 1,157 1,098 1,098 HY21 Volumes Country mix Product/Channel HY22 excl. Economics HY22 Diverse sources (CER) mix/Other Economics of growth High quality Diversified NBP by product, HY2
Slide 13: Chinese Mainland: Our “City Cluster” Model
Chinese Mainland: Our “City Cluster” Model Citic-Prudential Life (CPL) GWP, $bn1 CPL GWP GWP CPL GWP CPL Banca Agency CAGR Mix %2 Market Share % Channel3 Channel3 # of # of 3.6x $2.4bn (1H16- China # of CPL 1H16 1H22 Agents Outlets 1H22) Market Partners6 (,000)7 (,000)7 $2.2bn $2.0bn $1.8bn Rest 37%