Amp Limited · ASX:AMP
Amp — UBS Australasia Conference 2022
16 slides from Amp's conference presentation, Nov 14, 2022
Slide 1: AMP Limited presentation at UBS Australasia Conference (ASX release)
ASX RELEASE | 14 November 2022 For personal use only AMP Limited presentation at UBS Australasia Conference AMP Limited CEO, Alexis George, is addressing the UBS Australasia Conference, held in Sydney today. The presentation to be delivered by Alexis is attached. Media enquiries Investor enquiries M
Slide 2: UBS Australasia Conference
For personal use only UBS Australasia Conference 14 November 2022
Slide 3: Agenda
Agenda For personal use only AMP AMP Limited 2H 22 focus Financial overview strategy highlights
Slide 4: We are repositioning our business following completion of Collimate Capital sales
We are repositioning our business AMP Limited following completion of Collimate Capital sales For personal use only AMP Bank Master Trust Platforms Advice New Zealand Strategic partnerships A competitive, Offering a market A leading provider Provides A standalone digital-focused competitive super of
Slide 5: Path to new AMP
Path to new AMP Streamline portfolio with a relentless focus on customers For personal use only — Invest to grow AMP Bank — Grow the North platform, building new relationships with independent REPOSITION financial advisers — Deliver stable earnings and optimal client outcomes in Master Trust and NZW
Slide 6: 2022 priorities
2022 priorities Clear roadmap for strategic delivery and future growth For personal use only Complete separation of Collimate Reduce cost base Grow Bank Capital in preparation for trade sales Focus on IFA flows Explore new business Purpose and values in platform opportunities AMP Group Limited | UBS
Slide 7: 2H focus: Complete Collimate Capital sales; reduce cost base
2H 22 focus Hitting key milestones in our strategic agenda For personal use only Complete Collimate Capital sales Reduce cost base — Significant progress being made to achieve cost base target — Completion of Collimate Capital sales to Dexus and of A$795m (including AMP Investments). DigitalBridge.
Slide 8: 2H focus: Grow Bank
2H 22 focus Relentless in our pursuit of delivering for customers and shareholders For personal use only — Launch of digital mortgage capability offer to retail customers, enabling unconditional loan approval in as little as 10 minutes. — Continue investment in digital technology to enhance broker a
Slide 9: 2H focus: Focus on IFA flows in platform
2H 22 focus Addressing significant market need for more retirement solutions For personal use only — Launch of innovative, market-first retirement solution, MyNorth Lifetime. — Growth in distribution capabilities to support IFA market. — Invest in North digital experience and functionality including
Slide 10: 2H focus: Explore new business opportunities; purpose and values
2H 22 focus Helping people create their tomorrow For personal use only Explore new business opportunities Purpose and values — Build data analytics capability in core growth areas to — Continue to embed new purpose and values across AMP. identify, attract and serve customers more directly. — Drive i
Slide 11: 1H financial highlights
1H 22 financial highlights — Strong capital position For personal use only — Capital surplus strengthened through asset sales, in addition to profits generated from underlying operations. — Capital strength and robust balance sheet enables capital returns to shareholders and ability for AMP to suppo
Slide 12: 1H profit summary
1H 22 profit summary Earnings reflect expected impact of pricing changes, partly offset by planned cost reductions For personal use only % 1H 22/ 1H 22 key movements A$m 1H 22 2H 21 1H 21 FY 21 1H 21 AMP Bank 46 69 84 153 (45.2) — NPAT (underlying) of A$117m was down A$38m (25%) on 1H 21 Platforms 3
Slide 13: Q3 AUM and cashflows
Q3 22 AUM and cashflows For personal use only — AMP Bank grew 1.4x above system (as at 31 August 2022), with total loan book increasing A$0.6b to A$23.3b in Q3 22. — Loan book growth underpinned by continued strength in deposit-to-loan ratio of 89 per cent. — NIM remains on track with FY 22 guidance
Slide 14: Investor and media enquiries
For personal use only Investor enquiries Media enquiries Jason Bounassif Brett Zarb Phone: +61 2 9257 9684 Phone: +61 417 256 563 Richard Nelson Mark Roberts Phone: +61 2 9257 2941 Phone: +61 466 328 581 Keshvar Seale Phone: +61 410 521417
Slide 15: Important notice
Important notice Summary information For personal use only This presentation has been prepared by AMP Limited (ABN 49 079 354 519) (“AMP"). It is a presentation of general background information about AMP’s activities current at the date of this presentation, which may be subject to change. The info
Slide 16: Important notice (continued)
Important notice (continued) Financial data No offer or sale For personal use only Investors should be aware that certain financial measures included in this The securities mentioned herein have not been, and will not be, registered under the presentation are ‘non-IFRS financial information’ under A