Mandatum Oyj · OMXHEX:MANTA
Mandatum Oyj — SEB Nordic Seminar 2025
15 slides from Mandatum Oyj's conference presentation, Jan 7, 2025
Slide 1: Value through expertise in Asset Management and Life Insurance
Value through expertise in Asset Management and Life Insurance Copenhagen, 7 January 2025 SEB Nordic Seminar 2025 Petri Niemisvirta, CEO
Slide 2: Mandatum in a nutshell
Mandatum in a nutshell MANDATUM AS A COMPANY GEOGRAPHICAL PRESENCE Mandatum is a Pan-Nordic Credit and Alternatives Asset Management Specialist, and leading Finnish Life Insurer and Wealth Manager: Transitioning to a capital-light model with strong growth ambitions Headquarter in Helsinki 10 off
Slide 3: Strategic growth from transformation to capital-light business
Strategic growth from transformation to capital-light business AuM (EUR bn); 30 Sep 2024 FOCUS ON STRONG AND PROFITABLE MANAGING WITH-PROFIT PORTFOLIO FOR GROWTH OF CAPITAL-LIGHT OFFERING PROFITS AND CAPITAL RELEASE 13.3 Capital-light Institutional & With-profit Retail wealth Corporate Retail manage
Slide 4: Net flow positive for over three consecutive years – higher and more stable than the peer group
Net flow positive for over three consecutive years– higher and more stable than the peer group Sales-oriented culture creates added value in relation to competitors QUARTERLY NET FLOW ANNUALISED QUARTERLY NET FLOW VS. PEERS (EURm) (% OF AUM1) Net flow Annualised Net flow % of BoP AuM Q4 23 Q1 24 Q2
Slide 5: Value through expertise and unique position
Value through expertise and unique position Attractive Strong #1 investment expertise capital distributions Ranked the top institutional supported by capital 500m€ and significant asset managers in Finland1 Cumulative ordinary international release from run-off dividend target (2024-2026) growth pot
Slide 6: Strong solvency position enables attractive capital distribution
Strong solvency position enables attractive capital distribution 5,500 DEVELOPMENT OF MANDATUM’S SOLVENCY POSITION 320.0 % LONG-TERM DIVIDEND TARGET 265% 4,500 270.0 % EUR 500 million 221% 224% in cumulative ordinary dividends 194% 188% 192% (2024-2026) 220.0 % 3,500 182% 176% 158% 160% 2,604 2,532
Slide 7: Institutional & wealth management as a growth driver
Institutional & wealth management as a growth driver Award-winning credit products and recognised alternatives products COMPREHENSIVE PRODUCT AUM BY PRODUCT (EURm) AUM BY CLIENT SEGMENT (EURm) OFFERING Credit Equity Institution Finland Institution Int. Alternative Allocation products UHNW Private WM
Slide 8: Top ranked asset and wealth manager with strong investment expertise and proven track record
Top ranked asset and wealth manager with strong investment expertise and proven track record Mandatum has sticky and satisfied customer base benefitting from own direct distribution network MANDATUM RANKED THE TOP INSTITUTIONAL ASSET MANAGER IN FINLAND* NET PROMOTER SCORE 82.7 Service Performance: A
Slide 9: Large asset and wealth management markets offer significant growth potential
Large asset and wealth management markets offer significant growth potential Addressable market in the Nordics over 1,000bn€ POTENTIAL ADDRESSABLE MARKET NORDIC GROWTH TRACK RECORD Client AuM development (EURbn) Finland Client AuM INSTITUTIONAL • Established market presence Total institutional 6.0 F
Slide 10: Market leader in supplementary pensions and personnel funds with the widest product offering
Market leader in supplementary pensions and personnel funds with the widest product offering in the market Insurance wrapper model supports customer retention and benefits the customer CROSS-SELLING LEADING POSITION COMPREHENSIVE PRODUCT OPPORTUNITIES WITH OFFERING WEALTH MANAGEMENT Unit-linked grou
Slide 11: Slide 11
Slide 12: Mandatum's with-profit portfolio is a profitable business
Mandatum’s with-profit portfolio is a profitable business WP PORTFOLIO FIXED INCOME RUN-OFF PORTFOLIO SINCE 2004 WP PORTFOLIO2 BY ASSET CLASS MtoM YIELD AND (EUR 3.5 BN) AVG GUARANTEED RATE Consists of guaranteed rate pension 7% policies that have not been sold since 2000s 6% 6% Active liability
Slide 13: Attractive financial targets supporting Mandatum's investment case
Attractive financial targets supporting Mandatum’s investment case Focus on strong and profitable Managing with-profit Prudent balance sheet management growth of capital-light offering1 portfolio for capital release enabling strong shareholder returns 5% of AuM €500m Annual net flows2 (medium-term)
Slide 14: Q&A Investor contacts
Q&A Investor contacts: Lotta Borgström VP, Investor Relations Tel. +358 50 022 1027 lotta.borgstrom@mandatum.fi
Slide 15: Mandatum contact details
Mandatum Bulevardi 56, 00120 Helsinki www.mandatum.fi