Slide 1: ASX announcement: AMP Capital Notes Investor Presentation
For personal use only 26 October 2015 Manager Client and Market Services Team ASX Market Announcements NZX Limited Australian Securities Exchange Level 1, NZX Centre, 11 Cable Street Level 4, 20 Bridge Street PO Box 2959 Sydney NSW 2000 Wellington, New Zealand Announcement No: 26/2015 AMP Limited (A
Slide 2: AMP capital notes offer
For personal use only AMP Limited AMP capital notes offer October 2015
Slide 3: Disclaimer
Disclaimer For personal use only The information contained in this presentation (collectively, “Information”) has been prepared by AMP Limited (ABN 49 079 354 519) (“AMP”) in connection with a proposed offer of AMP capital notes (“capital notes”) (“offer”). The offer is being made under a prospectus
Slide 4: About AMP and market overview
For personal use only About AMP and market overview 3
Slide 5: About AMP
About AMP For personal use only Introduction AMP group is Australia and New Zealand’s leading independent wealth management group with an expanding international investment management business and a growing retail banking business in Australia. It provides financial advice, products and services pri
Slide 6: Australian superannuation & pension market
Australian superannuation & pension market (A$2.02 trillion)1 For personal use only – Australia is the 4th largest global pension market with A$1.68 trillion in assets as at December 20142 – Australian wealth management sector remains highly attractive with the size of the market projected to double
Slide 7: AMP ranked first or second in key market segments
AMP ranked first or second in key market segments For personal use only Superannuation - Superannuation - Retail life insurance2 Accumulation1 Pensions1 AMP AMP Other 18% 17% 21% AMP 27% Other Other 33% 35% ANZ NAB 12% NAB 8% 15% WBC NAB 12% ANZ TAL 19% 7% CBA 11% CBA 19% 12% CBA WBC 9% ANZ 13% 13%
Slide 8: Financial overview and strategy
For personal use only Financial overview and strategy 7
Slide 9: 1H profit summary
1H 15 profit summary For personal use only Historical reconciliation of segment profit after tax Year ended Year ended Half-year (A$m) Dec-13 Dec-14 ended Jun-15 Reconciliation of segment profit after tax Australian wealth management 330 374 207 AMP Capital 99 115 72 Australian wealth protection 64
Slide 10: Financial overview – business efficiency program
Financial overview – business efficiency program For personal use only Reduce costs • AMP continues to improve its efficiency in order to invest in new customer solutions and increase profitability. • The three year business efficiency program is on track, with many key initiatives to be completed b
Slide 11: Balance sheet and regulatory capital
Balance sheet and regulatory capital For personal use only Pro forma AMP group capital position (A$m) Dec-13 Dec-14 Jun-15 Adjust. Jun-15 AMP shareholder equity1 8,154 8,346 8,475 - 8,475 Less goodwill and other intangibles2 (3,857) (3,844) (3,925) (8) (3,933) Less other deductions3 (1,573) (1,550)
Slide 12: Corporate structure
For personal use only Corporate structure 11
Slide 13: Corporate structure
Corporate structure For personal use only 12
Slide 14: AMP capital notes
For personal use only 13 AMP capital notes
Slide 15: Key features of AMP capital notes
Key features of AMP capital notes For personal use only General Issuer AMP Limited (ABN 49 079 354 519) (the non-operating holding company of the AMP group) Capital notes Fully paid perpetual, convertible, subordinated, unsecured notes (capital notes) Must be converted into AMP shares on the m
Slide 16: Key features of AMP capital notes (continued)
Key features of AMP capital notes (continued) For personal use only Distributions Distributions Discretionary, non-cumulative, floating rate distributions scheduled to be paid quarterly in arrear Distributions are only payable if AMP decides to pay them and payments are subject to no payment con
Slide 17: Key features of AMP capital notes (continued)
Key features of AMP capital notes (continued) For personal use only Exchange Exchange by AMP AMP may choose to: ⁻ convert, redeem or resell all or some capital notes on the optional exchange date ⁻ convert, redeem or resell all or some capital notes on an exchange date following the occurrence of
Slide 18: Key features of AMP capital notes (continued)
Key features of AMP capital notes (continued) For personal use only Mandatory conversion Mandatory The mandatory conversion date will be 22 December 2023 if the mandatory conversion conditions have been satisfied on that date or the conversion first distribution payment date thereafter on which th
Slide 19: Key features of AMP capital notes (continued)
Key features of AMP capital notes (continued) For personal use only Non-viability conversion Non-viability event A non-viability event occurs when APRA notifies AMP in writing that it believes that: ⁻ the conversion or write-off of perpetual subordinated instruments (which includes AMP wholesale c
Slide 20: Key investment risks associated with capital notes
Key investment risks associated with capital notes For personal use only The investment risks listed below are a summary only. You should refer to section 5 ‘Investment risks’ of the prospectus before making a decision on whether or not to invest in capital notes Capital notes are not deposits or pr
Slide 21: Offer summary
Offer summary For personal use only Key features Offer size The offer is for the issue of capital notes to raise $200 million with the ability to raise a higher or lower amount Structure The offer comprises: ⁻ A broker firm offer made to Australian resident clients of syndicate brokers ⁻ A secur
Slide 22: Key dates
Key dates For personal use only Key dates for the offer Record date for determining eligible securityholders (7.00pm Sydney time) 22 October 2015 Lodgement of this prospectus with ASIC 26 October 2015 Bookbuild 30 October 2015 Announcement of the margin 30 October 2015 Lodgement of the replacement p
Slide 23: Key contacts
Key contacts For personal use only AMP David Rowe Jason Bounassif Group Treasurer Head of Markets, Group Treasury Tel: +61 2 9257 5762 Tel: +61 2 8048 9346 Email: david_rowe@amp.com.au Email: jason_bounassif@amp.com.au Joint Lead Managers ANZ Securities Morgans Financial Limited Tariq Holdich Steven