NobleOak Life Ltd · ASX:NOL
NobleOak Life — Shareholder Meeting (November 2022)
23 slides from NobleOak Life's shareholder meeting presentation, Nov 24, 2022
Slide 1: Annual General Meeting 2022
For personal use only ANNUAL GENERAL MEETING 2022 AUSTRALIA’S FASTEST-GROWING LIFE INSURER NobleOak Life Limited 24 November 2022
Slide 2: Board of Directors
Board of Directors For personal use only Mr Stephen Harrison Mr Anthony R Brown Mr Kevin Hamman Chairman CEO and Director Deputy Chairman Non Executive Director Non-Executive Director Ms Inese Kingsmill Mr Andrew Boldeman Ms Sarah Brennan Non-Executive Director Non-Executive Director Non-Executive D
Slide 3: Agenda and presenters
Agenda and presenters For personal use only 01 Chair’s address 02 CEO’s address Stephen Harrison Non-Executive Chairman 03 Formal business 04 General Q&A 05 Close Anthony Brown Chief Executive Officer 3
Slide 4: Asking a question online?
Asking a question online? For personal use only 4
Slide 5: Chair's address
For personal use only 01 Chair’s address 5
Slide 6: FY22 highlights
FY22 highlights Continued outperformance as the market emerges from a challenging period For personal use only Strong growth in premiums and profits continues Exceeded key Prospectus forecasts Remained operationally resilient Minimised disruption to our customers and people Disciplined growth strate
Slide 7: Introducing our ESG framework
Introducing our ESG framework 10 ESG focus areas linked to UN SDGs1, with key metrics to be further refined and finalised in FY22/23 For personal use only ESG focus area Key metrics Target(s) UN SDGs Climate change Carbon emissions Net zero by 2030 13, 15 Environment Recycling Recycling our office w
Slide 8: CEO's address
For personal use only 02 CEO’s address 8
Slide 9: Financial highlights
Financial highlights Strong growth in premiums and profits For personal use only No. of Active Net Insurance In-force Premiums1 New Business Underlying NPAT Policies1 Premium Revenue 103k+ $254.6m $60.9m $63.7m $9.5m +33% +40% -12% +37% +35% vs. FY21 vs. FY21 vs. FY21 vs. FY21 vs. FY21 9% ahead of 8
Slide 10: Operational and strategic highlights
Operational and strategic highlights Delivering our growth strategy while maintaining high customer satisfaction and For personal use only employee engagement Most awarded Launched new IDII products Maintained high Direct Life Insurer 2021-2022 ahead of APRA deadline customer satisfaction New white
Slide 11: Outperforming in a changing market
Outperforming in a changing market NobleOak continues to take market share For personal use only Australian life insurance market trends Sales outperformance driving market share gains NobleOak new business market share1 Impacts of regulatory change 16.4% Market sales down 30% since launch of 15.3%
Slide 12: FY23 outlook
FY23 outlook Well positioned to outperform in an uncertain economic environment For personal use only Market improving but • New business sales remain down by approximately 20% but green shoots sales remain subdued appearing • NobleOak continues to achieve above market in-force premium growth Lapse
Slide 13: Formal business
For personal use only 03 Formal business 13
Slide 14: Financial statements and reports
Financial statements and reports For personal use only To receive and consider the Company's Financial Report, Directors’ Report and the Auditor’s Report for the Company and its controlled entities for the year ended 30 June 2022 14
Slide 15: Resolution 1: Remuneration report
Resolution 1: Remuneration report For personal use only To consider and, if thought fit, pass the following resolution as an ordinary resolution “That, for the purposes of section 250R(2) of the Corporations Act and for all other purposes, the Remuneration Report of the Company for the year ended 30
Slide 16: Resolution 2: Re-election of Sarah Brennan
Resolution 2: Re-election of Sarah Brennan For personal use only To consider and, if thought fit, pass the following resolution as an ordinary resolution “That Sarah Brennan, a non-executive director of the Company who having been appointed to the office of Director since the last Annual General Mee
Slide 17: Resolution 3: Re-election of Andrew Boldeman
Resolution 3: Re-election of Andrew Boldeman For personal use only To consider and, if thought fit, pass the following resolution as an ordinary resolution “That Andrew Boldeman, a non-executive director of the Company who retires from the office of Director by rotation in accordance with rule 64.1
Slide 18: Resolution 4: Re-election of Inese Kingsmill
Resolution 4: Re-election of Inese Kingsmill For personal use only To consider and, if thought fit, pass the following resolution as an ordinary resolution “That Inese Kingsmill, a non-executive director of the Company who retires from the office of Director by rotation in accordance with rule 64.1
Slide 19: Resolution 5: Approval of long-term incentive plan
Resolution 5: Approval of long-term incentive plan For personal use only To consider and, if thought fit, pass the following resolution as an ordinary resolution “That for the purposes of exception 8 of ASX Listing Rule 10.12, ASX Listing Rule 10.14 and all other purposes, approval be given for the
Slide 20: General Q&A
For personal use only 04 General Q&A 20
Slide 21: Close
For personal use only 05 Close 21
Slide 22: Important notice and disclaimer
Important notice and disclaimer CONTENT OF PRESENTATION FOR INFORMATION PURPOSES ONLY For personal use only Forward-looking statements This presentation may contain statements that are, or may be deemed to be, forward-looking statements. Such statements can generally be identified by the use of word
Slide 23: Important notice and disclaimer (continued)
Important notice and disclaimer (continued) CONTENT OF PRESENTATION FOR INFORMATION PURPOSES ONLY For personal use only Presentation of information The financial data in this presentation is provided on a statutory basis but in a non-statutory presentation format (unless otherwise stated). ▪ Currenc