Old Mutual Ltd. · JSE:OMU
Old Mutual — Q3 2011 Earnings Presentation
9 slides from Old Mutual's earnings presentation, Nov 10, 2011
Slide 1: Q3 2011 Investor Slides
Q3 2011 INVESTOR SLIDES November 2011 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 st
Slide 2: Strong operational performance
Strong operational performance1,2 LTS net client cash flow £1.4 billion, up £0.2 billion LTS APE growth of 8% Emerging Markets Mass Foundation up 30% Wealth Management Platform gross sales up 7% LTS unit trust sales up 1% Strong performance from Nedbank – non-interest revenues up 16% U
Slide 3: Non-covered sales
Non-covered sales Non-covered sales - year to date (£m) 10,608 13,441 6,806 9,646 10,325 3,359 5,865 7,393 2,751 4,563 1,978 Q1 Q2 Q3 Q4 2011 Non-covered sales 2010 Non-covered sales 2009 Non-covered sales This presentation may contain certain forward-looking statements with respect to certain of Ol
Slide 4: APE sales
APE sales Life sales - APE 600 300 APE (£m) 0 (300) Emerging Retail Wealth Nordic Total LTS Markets Europe Mgmt Q3 2011 142 50 18 148 358 Q3 2010 121 40 15 150 326 Const ccy 122 43 16 150 331 1 Const ccy % 18% 20% 17% (1%) 8% 1 On a local currency basis 4
Slide 5: Wealth Management – APE sales
Wealth Management – APE sales Reported basis YTD YTD'11 YTD'11 vs vs £m 2011 2010 2009 YTD'10 YTD'09 UK Legacy 62 95 101 (33) (39) UK Platform 194 177 88 17 106 International 166 170 163 (4) 3 Continental Europe 72 120 62 (48) 10 TOTAL 494 562 414 (68) 80 5
Slide 6: LTS net client cash flow by BU
LTS net client cash flow LTS net client cash flow by BU 1.0 0.8 NCCF (£bn) 0.6 0.4 0.2 0.0 Emerging Wealth Nordic Retail Europe Markets Management Q3 2011 0.5 0.1 0.1 0.7 Q3 2010 0.1 0.1 0.1 0.9 6
Slide 7: Net client cash flow by BU
Net client cash flow Net client cash flow by BU 4.0 NCCF (£bn) 0.0 (4.0) (8.0) USAM - USAM - long Total core LTS Nedbank short term term flows operations flows Q3 2011 1.4 0.2 (2.2) (4.7) (5.3) Q3 2010 1.2 0.2 (2.2) (0.1) (0.9) 7
Slide 8: Movement in funds under management
Movement in funds under management Movement in FUM in core operations1 360 340 35.4 (44.2) 320 £bn 300 (16.1) 280 0.2 309.3 (13.0) 260 271.7 240 Client inflows 30-Sep-11 01-Jan-11 Mvmnt in MV Client outflows Other FX impact 1 The graph includes all of Rest of Africa (RoA) resulting in a closing FUM
Slide 9: Funds under management in core operations - £270.4bn
Funds under management in core operations - £270.4bn Split by BU as at 30 September 2011 (£bn) Q3 2011 H1 2011 Emerging 17% 18% Markets Emerging Markets 46.5 Nordic 4% 5% Nordic Retail Europe 2% 2% 12.0 Retail Europe 4.7 Wealth 20% 19% Management Wealth Management 145.0 Nedbank 3% 3% Nedbank 52.9 M&