Aviva Plc · LSE:AV.
Aviva — Shareholder Meeting (April 2005)
18 slides from Aviva's shareholder meeting presentation, Apr 26, 2005
Slide 1: Annual General Meeting
Annual General Meeting 26 April 2005 Strength Performance Growth
Slide 2: Pehr Gyllenhammar, Chairman
Pehr Gyllenhammar Chairman Strength Performance Growth
Slide 3: Richard Harvey, Group Chief Executive
Richard Harvey Group Chief Executive Strength Performance Growth
Slide 4: Overview
Overview Strength Performance Growth
Slide 5: Key achievements in 2004
Key achievements in 2004 • Performed ahead of market expectations • Grew revenues, profits, and dividends • Delivered very strong general insurance performance • Further growth in continental Europe • Continued expansion in Asia • Achieved targeted operational efficiencies
Slide 6: A strong set of results
A strong set of results Operating profit (EEV basis) £2,344 m +25% Operating profit (MSSB) £1,861 m +27% Life and pensions sales (PVNBP) £20.7 bn +12% New business contribution £706 m +11% General insurance COR 96.7% (2003 100%) Full year dividend 25.36p +5% Strongly covered ROCE 14.4% (FY 2003 13.1
Slide 7: Share price performance
Share price performance* 150 140 130 Aviva 120 FTSE Eurofirst 300 110 FTSE E300 Life 100 90 80 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr 2004 2005 * Share price to week ending 22 April 2005
Slide 8: Benefiting from our diversified business model
Benefiting from our diversified business model 2004 Profit* Business mix Geography UK Continental General General Europe Life Insurance Life Insurance 27% 33% 46% 46% 54% 54% Continental 12% Europe 18% General 7% Insurance RoW UK Life General RoW * Profit before tax, including life EEV operating ret
Slide 9: Benefiting from our strong brands
Benefiting from our strong brands
Slide 10: Long-term savings
Long-term savings Strength Performance Growth
Slide 11: Strong growth in life new business sales
Strong growth in life new business sales* Growth 12% UK Continental Growth 23% Europe Growth 13% International 0 1 2 3 4 5 6 7 8 9 £’000 million 2003 2004 Total new business sales * Including investment sales
Slide 12: Strong continental Europe life platform
Strong continental Europe life platform 2004 new business life and pensions sales (PVNBP) Other Poland (Top 2) 2% 8% Ireland (Top 3) France (Top 10) 5% 27% Italy (Top 7) 17% 21% 20% The Netherlands (Top 5) Spain (Top 3)
Slide 13: Priorities in life markets
Priorities in life markets • UK – improve rate of return on capital – improve service and extend distribution • Continental Europe – deliver bancassurance growth – unit-linked focus • Asia – build on foundations in high-growth markets – two new licences in China
Slide 14: General insurance
General insurance Strength Performance Growth
Slide 15: Excellent General Insurance results: ahead of target
Excellent General Insurance results: ahead of target % of total GI Combined operating ratios premiums 2004 2003 62 UK 97% 99% 6 France 101% 102% 6 Ireland 87% 97% 8 Netherlands 95% 101% 14 Canada 97% 108% * Group 97% 100% ** ( Pilot added *7% & **1%) Confident of meeting COR target of 100% in 2005 a
Slide 16: The RAC opportunity
The RAC opportunity NUI • Strategically sound • Operationally compelling RAC Insure • A value driven transaction RAC
Slide 17: Aviva: a thriving business
Aviva: a thriving business • Strong growth in profits – New business contribution +11% – COR improved to 96.7% – Operating efficiency • Brighter outlook for long-term savings • Strong and sustainable outlook for general insurance • Underpinned by a value-creating brand portfolio • Healthy dividend g
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