Aegon Ltd. · EURONEXT:AGN
Aegon — Aegon IR Conference 2016
12 slides from Aegon's conference presentation, Dec 8, 2016
Slide 1: Accelerate, connect, deliver
Accelerate, connect, deliver Alex Wynaendts New York City – December 8, 2016 Chief Executive Officer Helping people achieve a lifetime of financial security
Slide 2: Key messages
2 Key messages • Transforming the profile of the company by focusing on fee and protection business Strong • Significant progress in optimizing portfolio during 2016 execution • Management actions are driving free cash flow growth • Broaden relationship with customers throughout their financial life
Slide 3: Aegon's strategic priorities
Accelerate, connect, deliver 3 Aegon’s strategic priorities Enhance Deliver customer operational loyalty excellence Optimized Empowered portfolio employees
Slide 4: 2018 ambitions
Accelerate, connect, deliver 4 2018 ambitions As announced in January 2016 Optimized Portfolio Divest non-core business Enhance backbook value Optimize capital allocation • Exploring options for UK • Operationally separated • Grow asset management annuity book UK backbook from platform earnings by a
Slide 5: 2018 ambitions: Optimized Portfolio progress
Accelerate, connect, deliver 5 2018 ambitions On track for delivery on Optimized Portfolio commitments Optimized Portfolio Divest non-core business Enhance backbook value Optimize capital allocation ✔ • Divested UK annuity book ✔ • Continued run-off of closed ✔ • Reduced capital allocated Completed
Slide 6: Continued growth of fee-businesses
Accelerate, connect, deliver 6 Continued growth of fee-businesses Major transformation underway Development of fee-based balances and earnings • Strong growth in fee-based earnings; (Balances in EUR billion and earnings as % of total earnings) percentage nearly tripled to 44% since 2010 750 60% • Or
Slide 7: Significant growth in free cash flows
Accelerate, connect, deliver 7 Significant growth in free cash flows Resulting from higher capital generation and lower leverage Management actions drive free cash flow growth Capturing the benefits Accelerating execution Business transformation • Balanced portfolio • Additional expense of businesse
Slide 8: Progress on financial targets
Accelerate, connect, deliver 8 Progress on financial targets Increasing expense savings to improve returns Commitment Original Original 2018 targets 9M 2016 results Updated 2018 targets Commitment 2018 targets Strong sales growth CAGR of 10% >10% unchanged Reduce operating expenses EUR 200 million E
Slide 9: Clear focus for each unit
Accelerate, connect, deliver 9 Clear focus for each unit Become a trusted partner for financial solutions at every stage of life Complete transformation Optimize Transamerica UK EU Capture synergies US EM Achieve scale or divest LA Continue to grow AAM Accelerate growth Creating a balanced portfolio
Slide 10: Today's focus: Transamerica
Accelerate, connect, deliver 10 Today’s focus: Transamerica Strong franchise in attractive US market Leading protection and wealth businesses* >$40bn >$70bn >$220bn Life & Health Variable Retirement Helping people achieve a lifetime of financial security insurance Annuities Plans Shifting from sprea
Slide 11: Thank you!
Accelerate, connect, deliver 11 Thank Thankyou! you! Aegonplein 50 Aegonplein 50,Hague 2591 TV The 2591 TV the Hague Telephone: +31 (0)70 344 3210 The Netherlands Postbus +31 70 202 344 8305 2501 CE the Hague ir@aegon.com The Netherlands
Slide 12: Disclaimer
Accelerate, connect, deliver 12 Disclaimer Cautionary note regarding non-IFRS measures • This document includes the following non-IFRS financial measures: underlying earnings before tax, income tax, income before tax, market consistent value of new business and return on equity. These non-IFRS measu