Nib Holdings Ltd · ASX:NHF
Nib — Shareholder Meeting (November 2022)
31 slides from Nib's shareholder meeting presentation, Nov 18, 2022
Slide 1: 2022 Annual General Meeting Presentation
18 November 2022 Company Announcements Office ASX Limited 20 Bridge Street SYDNEY NSW 2000 2022 Annual General Meeting Presentation To the Company Announcements Office, Please find attached nib holdings limited’s 2022 Annual General Meeting Presentation. The presentation includes a financial update
Slide 2: 2022 Annual General Meeting
2022 Annual General Meeting 18 November 2022 1
Slide 3: Disclaimer
Disclaimer The material in this presentation is a summary of the results of nib holdings limited (nib) for the 12 months ended 30 June 2022 and an update on nib’s activities for the 4 months ended 31 October 2022. This presentation is current at the date of preparation, being 18 November 2022. Furth
Slide 4: David Gordon, Chairman
David Gordon Chairman 7a:nib (CELEBRATING 70 YEARS
Slide 5: Welcome to Country
Welcome to Country Raymond Smith Awabakal Elder Deputy Chair Awabakal Medical Service Cheryl Smith Aboriginal Elder of the Newcastle Aboriginal Community 4
Slide 6: David Gordon, Chairman
David Gordon Chairman 7a:nib (CELEBRATING 70 YEARS
Slide 7: nib's board and executive
nib’s board and executive Board David Gordon Chairman and Independent Non-Executive Director Lee Ausburn Independent Non-Executive Director Jacqueline Chow Independent Non-Executive Director Peter Harmer Independent Non-Executive Director Anne Loveridge Independent Non-Executive Director Donal O’Dwy
Slide 8: Agenda
Agenda Item 1 Consideration of reports Item 2 Remuneration report Item 3 Re-election of Mr Donal O’Dwyer Item 4 Approval of participation on long-term incentive plan 7
Slide 9: 70th anniversary People's Choice Vote
70th anniversary People’s Choice Vote Scan your QR code Vote 8 8
Slide 10: Chairman's presentation
Chairman’s presentation ate H asni CELEBRATING 70 YEARS
Slide 11: 70 years of nib
70 years of nib Celebrating 70 years of looking after the needs of our members nib provides health insurance to: ~1.5m residents in Australia & New Zealand ~180,000 international students and workers CEO Mark Fitzgibbon celebrates 20 years of outstanding leadership >130,000 shareholders, ASX 200 lis
Slide 12: COVID-19 $145 million support package
COVID-19 $145 million support package $40m in claims savings returned to members Expanded cover for COVID-19 via covid give back1 treatment at no cost $15m in claims savings returned to members Expanded cover for psychology services via covid credit1 at no cost $1.5m in community funding Latest COVI
Slide 13: Health management programs
Health management programs $5m increased investment as part of COVID-19 support package Programs provide access to professional support services ~10,000 members enrolled in FY22 Hospital support program resulted in 16% reduction in hospital readmissions 12
Slide 14: Business segment highlights
Business segment highlights • Premium revenue up 5.2% to $2.3b arhi • Net policyholder growth 3.2% • Increase of ~20,000 members in FY22 • Premium revenue up 12.8% to $291.8m New • Net policyholder growth 5.6% Zealand • New life and living products • Underlying operating loss $7.4m nib • GWP $98.8 m
Slide 15: FY22 Group highlights
FY22 Group highlights Underlying revenue Underlying operating profit $2.8b up 7.2% $235.3m up 14.8% $2.1b in claims paid1 >375,000 hospital admissions >3.6m ancillary visits On-going support for Investment loss indigenous communities $30.0m ($51.8m gain in FY21) Earnings per share Investment in Midn
Slide 16: Midnight Health joint venture with Cigna
• Joint venture with global health services company, Cigna Corporation • Specialist healthcare data science and service company, providing a range of health programs and services Injury support program: SilverCloud Health: • Supported over 500 injured workers • Over 1,600 members using platform • 10
Slide 17: NDIS plan management entry
• National Disability Insurance Scheme (NDIS) is a vital part of Australia’s social capital. • Over 530k participants in FY22, expected to grow to more than 800k by FY301 • Plan Management is an increasingly popular option for participants with 56%1 electing to use a Plan Manager. • nib raised $158.
Slide 18: Sustainability
Sustainability • Attained Climate Active Carbon Neutral certification • Developed science-based targets to achieve net carbon zero by 2040 • Delivered all outcomes of our Reflect Reconciliation Action Plan • nib supports the Uluru Statement from the Heart in full • Committed >$1m over 4 years to Abo
Slide 19: nib Board of Directors
nib Board of Directors • Succession planning and ensuring we have the right skills mix, diversity and experience is a priority. David Gordon Mark Fitzgibbon Lee Ausburn • Retirement of Lee Chairman Chief Executive Officer Non-executive Director Ausburn at close of 2022 AGM. • Director recruitment pr
Slide 20: Thank you
Thank you ate H asni CELEBRATING 70 YEARS
Slide 21: Mark Fitzgibbon, Chief Executive Officer
Mark Fitzgibbon Chief Executive Officer & Managing Director
Slide 22: Our purpose: Your better health and wellbeing
Our purpose: Your better health and wellbeing Deliver deep insight and guidance about how to best achieve personal health and wellbeing goals and manage disease risk. Customise and connect with a wide ecosystem of health and wellbeing products, services programs and providers relevant to personal go
Slide 23: Payer to partner (P2P) ecosystem
Payer to partner (P2P) ecosystem Insight & Financial guidance Personalisation protection & support Health management and connection Physical - Home - Digital - Virtual Disability GP / primary / Disease Hospital / Allied health Everyday health Pharmacy support diagnostic prevention / specialist (eg.
Slide 24: From purpose to strategy
From purpose to strategy PHI expansion New markets Cost Revenue and Government • Travel containment & value capture and 3rd party In the 12 months insurance affordability programs to October 2022: sales of • Honeysuckle 257,320 ytd2 Health • arhi grew 4.0% • Lowest arhi • Toi Ora ~3,000 • Mens/women
Slide 25: Making it all the more easy
GP Telehealth bookings Planning a visit to your GP? Why not connect from the comfort of your home with telehealth services. ‘Connect now @ Making it all the more easy Finda Provider Look for dentists, hospitals, surgeons and more in our network Q Fm looking for. ‘09. physio or the doctor's name Loca
Slide 26: What gets measured gets done
What gets measured gets done Commercial Purpose • Group revenue • Health and wellbeing • Group underlying index operating profit • Health management • Earnings per share engagement and • Return on invested outcomes capital • Hospital utilisation rate • Group net promoter • Prevalence of chronic scor
Slide 27: July to October FY23 business update
July to October FY23 business update Group Financial 4 mths to 4 mths to Vs PCP • nib continues to perform strongly, Result ($m) 31/10/22 31/10/21 with all businesses contributing. Premium revenue 940.4 898.5 ▲4.7% • arhi has maintained its strong performance Underlying operating 109.5 94.1 ▲16.3% •
Slide 28: Outlook and key issues
Outlook and key issues • Continued growth in Australian resident’s health insurance and New Zealand. Managing eventual reversion to “normal” claims experience and underwriting margins. Possible further member compensation. • Demand for migrant workers adds impetus to international workers business.
Slide 29: Thank you
Thank you ate H asni CELEBRATING 70 YEARS
Slide 30: Appendix
Appendix ate H “ asni CELEBRATING 70 YEARS
Slide 31: July to October FY23 – additional information
July to October FY23 – additional information Group ($m) 4 mths to 4 mths to Change % • Premium revenue growth of 7.0% when 31/10/22 31/10/21 adjusting for impact of member Net premium revenue - reported 940.4 898.5 ▲4.7% givebacks in current period and PCP, driven by strong policyholder growth in A