Vienna Insurance Group AG · VIE:VIG
Vienna Insurance — Kitzbühel Conference 2007
16 slides from Vienna Insurance's conference presentation, Jan 25, 2007
Slide 1: Vienna Insurance Group – Focused on Growth in CEE and Austria
Vienna Insurance Group – Focused on Growth in CEE and Austria Kitzbühel Conference – January 25, 2007
Slide 2: Vienna Insurance Group – Focused on Growth in CEE and Austria
Vienna Insurance Group – Focused on Growth in CEE and Austria 2 § Leading Austrian insurance group operating in 17 countries § Focused on long-term earnings growth § No. 2 foreign insurer in the CEE region and largest CEE insurance pure play § Attractive Austrian franchise with 21.7% market share¹ §
Slide 3: VIG is the Leading Austrian Insurance Group operating in 17 Countries
VIG is the Leading Austrian Insurance Group operating in 17 Countries Excellent market positions 3 Excellent market position in Austria and CEE No. 2 or No. 3 in the Czech Leading Position Republic, Slovakia, Romania in Austria and Bulgaria § #1 in Property & Casualty § #2 in the Czech Republic with
Slide 4: Largest CEE Insurance Pure Play
Largest CEE Insurance Pure Play Only Vienna Insurance Group widely captures CEE potential 4 CEE Premiums as % of Total Group Premiums 37,3% VIG 31,1% 28,7% 9M 2006 2005 2004 12,3% UNIQA 10,2% 10,1% VIG‘s unique share of CEE 3,6% business growing fastest Allianz 3,3% (9M 06: already 37.3% of total 3,
Slide 5: CEE Region Offers "Double Leverage"
CEE Region Offers „Double Leverage“ Sustainable growth through GDP and insurance penetration 5 6.000 GDP Growth Insurance Insurance Premium per Capita (USD) 2004-2006F Penetration 20051 Switzerland CEE2 4.1% 3.3% Netherlands GB Austria 2.0% 6.2% Belgium 4.000 Denmark EU 15 1.7% 8.6% Austria Fra nce
Slide 6: Significant Growth Potential in CEE for Insurance
donau\Analyst Presentation\16 Analyst Presentation 17-Nov-2005.ppt Significant Growth Potential in CEE for Insurance Insurance Density, 2005 (Premiums per Capita) 6 $3.500 $3.000 2.878 $2.500 2.342 $2.000 $1.500 978 $1.000 478 $500 334 315 275 245 88 176 70 53 49 $0 EU-15 1 AUT SLO CZ H SK HR PL BG
Slide 7: VIG's CEE Business
VIG’s CEE Business Continuous Shift of business to CEE 7 Highlights of VIG in CEE VIG GWP by Geography § Pioneer in CEE expansion Other § Strong growth focus – Top 5 target for all Other CEE 3.7% core CEE markets and top 3 target for those 12.7% where #5 position has been reached Austria Slovakia 59
Slide 8: VIG Has Been a Pioneer in the CEE Region Following a Very Targeted Expansion Strategy
VIG Has Been a Pioneer in the CEE Region Following a Very Targeted Expansion Strategy 8 § Focus – Retail § Investment philosophy – Step-by-step market entry – Tight operational management – 2-4 years to reach break-even, accelerated growth thereafter – Czech and Slovak business have reached 25-30% R
Slide 9: VIG: Attractive Franchise (I)
VIG: Attractive Franchise (I) Distribution is key: Multi-brand strategy 9 Austria CEE § VIG is umbrella brand § local companies keep well established brands to support distribution
Slide 10: VIG: Attractive Franchise (II)
VIG: Attractive Franchise (II) Distribution is key: Multi-channel strategy 10 Strong Multi-Channel Distribution § Austria: Roughly 30/30/30% split between tied agents/ bank distribution/ brokers etc. in Tied new business agents Financial advisors § CEE: Bank distribution Different from country to co
Slide 11: VIG in Austria
VIG in Austria Attractive franchise plus growth potential in life insurance 11 Life Premium per Capita (USD) § Leading market position in all business lines 1793 - #1 in property & casualty with 21% market share 1130 1095 2005 2000 - #1 in life with 23% market share 606.9 - #2 in health with 21% mar
Slide 12: Vienna Insurance Group 9M Results and Group targets
Vienna Insurance Group 9M Results and Group targets
Slide 13: 9M 2006 Highlights
9M 2006 Highlights EPS already exceeding 2005 level despite SPO 13 GWP Net Combined Ratio 22,1% 108.3 5008 14.4% 15,5% 4321 4101 100.7 99.8 3608 3778 97.0 96.2 97.0 3124 94.3 2002 2003 2004 2005 9M 05 9M 06 2001 2002 2003 2004 2005 9M 05 9M 06 Austrian HGB IFRS Austrian HGB IFRS Profit before Tax EP
Slide 14: Financial Targets
Financial Targets Forecast raised for 2006 and 2007 and new medium term target 14 § Profit before tax (PBT) of about €315 - 320mn in FY 2006 § Based on overall Group development management is confident to reach PBT of about €370mn in 2007 § VIG expects to achieve PBT of about €470mn in 2009, thus fe
Slide 15: Contact Details
Contact Details Investor Relations 15 Wiener Städtische Versicherung AG Vienna Insurance Group Schottenring 30, 1010 Vienna, Austria www.wienerstaedtische.at Vienna Stock Exchange: WST Reuters: WISV.VI Bloomberg: WST AV Datastream: O:WNST § Thomas Schmee Tel. +43 (0)50 350 – 21900 t.schmee@staedtisc
Slide 16: Disclaimer
Disclaimer 16 IMPORTANT NOTICE These materials do not constitute or form part, or all, of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities in any jurisdiction in which such solicitation, offer or sale would be unlawful, nor shall