Sun Life Financial Inc. · TSX:SLF
Sun Life Financial — Shareholder Meeting (May 2006)
13 slides from Sun Life Financial's shareholder meeting presentation, May 9, 2006
Slide 1: 6th Annual Meeting of Common Shareholders of Sun Life Financial Inc.
6th Annual Meeting of Common Shareholders of Sun Life Financial Inc. 135th Annual Meeting of Policyholders and the Shareholder of Sun Life Assurance Company of Canada
Slide 2: Forward-Looking Statement
Forward-Looking Statement Some of the statements in this presentation, including those relating to the Company’s strategies and other statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “expects”, “anticipates”, “intends”,
Slide 3: Paul W. Derksen, Executive Vice-President and Chief Financial Officer
PAUL W. DERKSEN Executive Vice-President and Chief Financial Officer
Slide 4: Building Excellence
Building Excellence • Excellent earnings track record • Strong business momentum – Well-positioned Canadian franchise – Premier asset management – Strong U.S. earnings improvement – Asia poised for significant growth – Active capital optimization • Keen focus on profitable market share • Significant
Slide 5: 2005 Business Highlights
2005 Business Highlights • CMG Asia acquisition solidifies positioning • Expanded distribution reach – Significant new distribution relationships in U.S. – Gathered momentum in Canadian Individual wholesale – Reached over 23,000 advisors in Asia – Added new cities in China • Solidified significant m
Slide 6: 2005 Financial Performance
2005 Financial Performance Medium-Term 2005 Met or Measure Objectives(1) Results Exceeded Operating EPS Growth 11.3% Constant Currency 10% 15.5% 9 75 - 100 110 Operating ROE Growth basis points basis points 9 Dividend Payout Ratio 25% - 35% 31% 9 (1) Medium-term objectives from 2004 Investor Day 6
Slide 7: Constant Currency Operating EPS Up 15%
Constant Currency Operating EPS Up 15% EPS ($) p 15% U 3.36 3.24 2.91 2004 2005 Operating EPS Impact of Currency 7
Slide 8: Constant Currency Operating ROE Up 130 Basis Points
Constant Currency Operating ROE Up 130 Basis Points 30 bps Full Year ROE (%) Up 1 13.3 13.1 12.0 2004 2005 Full Year Impact of Currency 8
Slide 9: Profitable Sales Growth
Profitable Sales Growth Value of New Business 8 % Up 1 Constant 2004 Currency 791 (C$mm) 672 231 197 560 475 2004 2005 Non MFS MFS 9
Slide 10: Drivers of Earnings Growth
Drivers of Earnings Growth • Focus on value of new business • Increasing value from the in-force block • Premier asset management companies • High level of asset quality • Solid capital management 10
Slide 11: Constant Currency Operating EPS Up 14%
Constant Currency Operating EPS Up 14% Q1 EPS ($) p 14% U 0.88 0.85 0.77 Q1 2005 Q1 2006 Operating EPS Impact of Currency 11
Slide 12: Constant Currency Operating ROE Up 80 Basis Points
Constant Currency Operating ROE Up 80 Basis Points Q1 ROE (%) 8 0 bps Up 13.4 13.2 12.6 Q1 2005 Q1 2006 Operating ROE Impact of Currency 12
Slide 13: Outlook for 2006
Outlook for 2006 • Strengthen distribution worldwide • Focus on product development and customer service • Building Excellence – Profitable market share – Commitment to risk management – Capital optimization – Operational excellence 13