Old Mutual Ltd. · JSE:OMU
Old Mutual — Q1 2012 Earnings Presentation
9 slides from Old Mutual's earnings presentation, May 30, 2012
Slide 1: Q1 2012 investor update
Q1 2012 investor update May 2012 Updated 30 May 2012
Slide 2: Disclaimer
Disclaimer This presentation may contain certain forward-looking statements with respect to certain of Old Mutual plc’s plans and its current goals and expectations relating to its future financial condition, performance and results. By their nature, all forward- looking statements involve risk and
Slide 3: Good operational results
Good operational results £3.7bn positive net client cash flow (Q1 2011: negative £2.8bn1) 6% increase in funds under management2 to £284bn Strong sales in South African mass foundation market Over £20bn funds under management on the UK platform $4.2bn positive net client cash flow in US As
Slide 4: Continued strategic progress
Continued strategic progress Completed sale of Nordic for £2.1bn Completed sale of OMCAP to Touchstone Announced sale of Dwight Asset Management (completion in Q2) Announced intention to acquire Oceanic Life in Nigeria Brought together all Continental European operations into Wealth Manage
Slide 5: Net client cash flow
Net client cash flow1 4.0 2.0 NCCF (£bn) 0.0 -2.0 -4.0 Wealth Total core Emerging Markets Nedbank USAM Management operations Q1 2011 (0.3) 1.0 0.2 (3.7) (2.8) Q4 2011 (0.1) 0.0 0.1 (2.0) (2.0) Q1 2012 0.3 0.5 0.4 2.5 3.7 1. As reported 5
Slide 6: Funds under management
Funds under management1 Funds under Management in core £bn FY 2011 Q1 2012 ∆ operations at 31 March 2012 Emerging Markets 49.9 52.7 +6% Emerging Markets Wealth Management 58.6 63.4 +8% Wealth Management 52.7 Nedbank 9.7 10.6 +9% Nedbank 157.3 63.4 Mutual & Federal 0.2 0.2 - Mutual & Federal (£0.2bn)
Slide 7: Movement in funds under management
Movement in funds under management1 290 (0.9) (2.7) 280 16.9 (10.1) 13.8 £bn 270 284.2 260 267.2 250 FuM at Client Client Market Other FX impact FuM at 31 Dec 2011 inflows outflows movements 31 Mar 2012 1. Core operations, as reported 7
Slide 8: Life sales (APE)
Life sales (APE)1 300 Life APE sales (£m) 200 100 0 Emerging Markets Wealth Management Total LTS Q1 2011 115 193 308 Q4 2011 127 135 262 Q1 2012 116 153 269 1. As reported 8
Slide 9: Non-covered sales
Non-covered sales1 3,500 3,000 Non-covered sales (£m) 2,500 2,000 1,500 1,000 500 0 Wealth Total continuing Emerging Markets Total LTS USAM Management operations Q1 2011 1,527 1,168 2,695 545 3,240 Q4 2011 2,101 1,176 3,277 298 3,575 Q1 2012 1,941 1,117 3,058 344 3,402 1. Non-covered sales includes