Slide 1: Mike Wells, Group Chief Executive
Mike Wells Group Chief Executive 2021 ANNUAL GENERAL MEETING 2
Slide 2: Forward-looking statements
This announcement may contain 'forward-looking statements' with respect to certain of Prudential's plans and its goals and expectations relating to its and Jackson’s future financial condition, performance, results, strategy and objectives. Statements that are not historical facts, including stateme
Slide 3: Stakeholder delivery during the COVID-19 affected period
Asia Stakeholder delivery during the COVID-19 affected period • COVID-19 protection Customers • Acceleration of claims payment • Flexible premium payment options • Flexible “work at home” support Staff & • Digital tool roll out agents • Online training & education programme • Launched COVID-19 Relie
Slide 4: Investment case – exclusive focus on Asia & Africa
Prudential plc Investment case – exclusive focus on Asia & Africa Core characteristics Distinctive shareholder proposition Business model aligned to structural growth levers 1 Diversification across Asia 2 & Africa with H&P focus Focus on high Resilient, predictable & Modern multi-channel return H&P
Slide 5: Diversity and quality underpins resilient 2020 financial performance
Asia Diversity and quality underpins resilient 2020 financial performance High quality Compounding Diversified Product (H&P renewal +6% premiums +8%) H&P Linked Taiwan Philippines Other Non- +19% Hong par Thailand Kong 79% China Par Channel 20.1 Vietnam 2.6 19.0 Eastspring Singapore Other 2.2 Insura
Slide 6: Track record of delivering sustainable shareholder value
Asia Track record of delivering sustainable shareholder value New business profit1, $m IFRS operating profit1, $m 2.6x 5.1x 3,667 10Y CAGR 10Y CAGR 10% 18% 2,201 847 721 2010 2020 2010 2020 Embedded value2, $bn Free surplus generation2, $m 3.6x 3.6x 44.2 1,895 10Y CAGR 10Y CAGR 14% 14% 12.4 525 2010
Slide 7: Asia & Africa 1Q2021 update
Asia & Africa 1Q2021 update Double-digit APE and NBP growth APE1 Life new business profit1 $m, CER2 $m, CER2 +14% +21% 1,193 624 1,045 514 1Q20 1Q21 1Q20 4 1Q21 • Ex HK APE +35% and NBP +64% versus 1Q 20202. China JV largest business in 1Q21 for APE and NBP • Momentum established over 2H20 maintaine
Slide 8: Group key messages
Group Key messages Pandemic reinforces structural demand and social purpose Resilient performance & strong QoQ sequential momentum c.$10bn invested in Asia since 20131. IRRs2 of >35% & 3 year cash payback2 Enhancing capabilities to accelerate growth from a diversified high-quality platform Proposed