Challenger Limited · ASX:CGF
Challenger — UBS Financial Services Conference 2008
7 slides from Challenger's conference presentation, Jun 25, 2008
Slide 1: Challenger Financial Services Group
For personal use only Challenger Financial Services Group Mike Tilley – Chief Executive Officer 25 June 2008 1 Challenger Group - Summary Funds Asset Mortgage Financial Management Management Management Planning White label funding Structures and manages Provides dealer and Manufactures and provider
Slide 2: Challenger differentiation
Challenger differentiation • Financial assets reside in prudentially regulated environment For personal use only • ‘Sticky’ annuities - long duration fixed funding cost supports long term investment decisions • Rated by S&P – Life Company ‘A’ (stable outlook) – Group ‘BBB+’ (stable outlook) • Conser
Slide 3: Impact of recent transactions with AXA
Quarterly AUM – 31 March 08 Asset Management – Balance Sheet 7.0 Some balance sheet impact from 6.0 mark to market during the For personal use only 5.0 quarter $ billion 4.0 Asset allocation currently focused 3.0 on high grade fixed income – 2.0 strong risk/return profile 1.0 0.0 2H06 1H07 2H07 1H08
Slide 4: Extending our liability franchise
Extending our liability franchise Market share by flow of top six providers year to • Committed participant in the March 08 policy liability / annuity 40% market 35% CommInsure Challenger For personal use only BT Westpac AMP • Currently managing $3.8bn 30% AXA MetLife annuities in regulated Life 25%
Slide 5: Balance sheet backed by quality assets
Balance sheet backed by quality assets Fixed Income Portfolio by S&P Equivalent Rating • ~$2.8bn fixed income portfolio – 16% cash and cash equivalents 50% 45% – 22% AAA rated securities 40% For personal use only – 75% rated BBB or higher 35% % of portfolio 30% • More than 400 securities with no ass
Slide 6: Managing through the cycle
Managing through the cycle Recent RecentTransactions Transactions For personal use only June 08 – June 08 – Sale March 08 – CIF March 08 – Announced of Financial sells North Gas Gas Valpo transfer of AXA’s Planning for Networks / Wales originated in Annuity Portfolio - $150m cash & West Chile $1.3bn
Slide 7: For personal use only
For personal use only 13