NobleOak Life Ltd · ASX:NOL
NobleOak Life — Shareholder Meeting (November 2016)
24 slides from NobleOak Life's shareholder meeting presentation, Nov 29, 2016
Slide 1: 2016 AGM Presentation
with you for life 2016 Presented by: Paul Sampson – Chairman Anthony R Brown – Chief Executive Officer Date – 29 November 2016
Slide 2: Agenda
with you for life 1. Chairman’s Address 2. Transforming NobleOak 3. Formal Proceedings 4. Q&A 2
Slide 3: Chairman's Address
Chairman’s Address Paul Sampson (Chairman) 3 3
Slide 4: Directors
Directors Directors Mr Paul Sampson Chairman Mr Stephen Harrison Deputy Chairman Mr Anthony R Brown CEO and Director For re-election Mr Jonathan Warrand Non-Executive Director Withdrawn Mr Emery Feyzeny Non-Executive Director Mr Kevin Hamman Non-Executive Director Mr Keith Cohen Non-Executive Direct
Slide 5: 2016 Highlights
2016 Highlights Sales have grown rapidly, core life insurance grew by over 40% Company transitioned to profitability New PPS product launched Successful equity raise 98.5% Client Satisfaction in NobleOak’s Client Survey Results April ‘16 Winner of CANSTAR 5 Star Awards and Strategic Insigh
Slide 6: Industry Award Winning
Industry Award Winning Customer Satisfaction – Compared to Mutuals and Banks NobleOak Awards NobleOak’s client service is personalised and responsive. NobleOak’s signature Premium Life Direct product continues to enjoy important industry recognition. This, along with our client testimonials, provide
Slide 7: Priorities for Next 12 Months
Priorities for Next 12 Months with you for life Accelerate growth – Further accelerate our direct marketing through greater SEO (search engine optimisation) to accelerate growth and direct marketing through our top channels. Launch new product – Develop and launch a new product with a membership
Slide 8: Transforming NobleOak
Transforming NobleOak Anthony R Brown (CEO) 8 8
Slide 9: 9
9
Slide 10: The Transforming Australian Life Industry
The Transforming Australian Life Industry Why NobleOak is Well Positioned Industry Changes NobleOak position on core direct business • Banning of up front commissions • POSITIVE. We do not offer up front commissions • ASIC historic five year review of claims • POSITIVE. Not requested of NobleOak. Cl
Slide 11: Growing Industry
Growing Industry with you for life 1. Indexation 2. GDP Policy premiums are indexed at 3%-5% per year Australia’s ongoing GDP resulting in a growing growth expected to premium for the in force increase penetration of book. insurance. 3. Population 4. Age 5. Under Insurance Most NobleOak premiums Ong
Slide 12: A Unique Position and Strategy
A Unique Position and Strategy Our Vision Better protect Australians by providing more affordable and accessible life insurance Our Unique Position 12
Slide 13: Growing Premium Sales
Growing Premium Sales 6-monthly new sales of core business – over 5 years with you for life NobleOak’s core business inforce premium has grown strongly since approval of our new direct strategy in 2012. 6-monthly new sales (excluding Freedom/Reward business) 2.30 Millions 2.20 New Direct 2.10 Strate
Slide 14: Consolidated P&L
Consolidated P&L 2016 2015 2014 $m $m $m P&L Insurance Premium Revenue Reinsurance expenses 17.10 (10.21) 7.99 (4.54) 4.73 (2.57) 2016 Gross Profit 6.89 3.45 2.16 Other Income Investment Income 0.86 0.59 0.48 Fees & Other Revenue 28.45 26.17 4.19 Other Expenses Commissions paid (1.71) (2.35) (1.05)
Slide 15: Balance Sheet
Balance Sheet 30 June 2016 Balance Sheet – 30/6/16 Assets $M Liabilities $M Cash & 11.0 Payables 26.2 financial assets Receivables 24.4 Provisions 0.2 Deferred tax Policy 4.8 2.6 asset* Liabilities Intangibles & 1.1 29.0 other 41.3 Equity 12.3 41.3 *Due to the recent trading history of the Company,
Slide 16: Share Capital
Share Capital Amount Capital Raised (Net of Costs) ($’000) 2015/2016 550 2016/2017 YTD 8,203 Shares on Issue (9/11/16) Ordinary Shares Preference Shares Current No. of Shares on Issue 39,783,562 0 Share price Date Share Issue Price February 2015 $0.75 September 2015 $1.00 Ordinary Shares August 2016
Slide 17: Your Opportunity
Your Opportunity with you for life 1. Annuity revenue 2. Member best interests 3. Increased loyalty 4. Minimal investment 1717
Slide 18: Formal Proceedings
Formal Proceedings Paul Sampson 18 18
Slide 19: Annual Financial Report, Directors Report & Auditor's Report
Annual Financial Report, Directors Report & Auditor’s Report 19 19
Slide 20: Shareholder Resolutions
Shareholder Resolutions 20 20
Slide 21: Re-election of Directors
Re-election of Directors Resolution 1a – Re-election of Proxy Votes Received % Mr Anthony Brown For 6,328,059 99.98% Against 683 0.01% Open 440,958 6.51% Abstain 510 0.01% Resolution 1b – Re-election of Proxy Votes Received % Mr Jonathan Warrand Withdrawn Withdrawn Resolution 1c – Election of Proxy
Slide 22: Further Shareholder Information
Further Shareholder Information Password: Noble123 22
Slide 23: Questions
Questions 23 23
Slide 24: End
1300 551 044 End enquiry@nobleoak.com.au