Sampo Oyj · OMXHEX:SAMPO
Sampo Oyj — Shareholder Meeting (April 2011)
21 slides from Sampo Oyj's shareholder meeting presentation, Apr 14, 2011
Slide 1: Sampo plc Annual General Meeting 2011
Sampo plc Annual General Meeting 2011 14 April 2011 Kari Stadigh Stadigh, CEO
Slide 2: Keys to Sampo
14 April 2011 Keys to Sampo • Core values • RoE • Shareholder value • Exit • No legacy • Dividend stock • Mandate • Chairman of the Board • No surprises p • Market leadership • Economies of scale • Private customers • Customer satisfaction 2
Slide 3: Ethicality, Loyalty, Transparency, Enterprise
14 April 2011 ETHICALITY LOYALTY TRANSPARENCY ENTERPRISE 3
Slide 4: Sampo and EuroSTOXX index total return since 2010
14 April 2011 Sampo and EuroSTOXX index Total return since 2010 31.12.2009=100, log.scale Sampo EuroSTOXX Banks/Insurance Eurozone,50/50 Source: Reuters EcoWin
Slide 5: Nordic Financials
14 April 2011 Nordic Financials 5
Slide 6: If's combined ratio stable for 7 years; Nordea's operating profit
14 April 2011 If’s combined ratio on a stable level already for 7 years % 100 Long‐term target < 95% The standard 80 deviation for 2005‐2010 60 quarterly 100,9 92,6 , 90,5 89,9 90,6 , 91,8 , , 92,1 , 92,8 40 combined ratios: 20 If: 2.6% Tryg: 5.7% 0 Gjensidige: 5.2% T d Topdanmark: k 5.6% 5 6% 2003
Slide 7: Market positions in Finland, Norway, Sweden, Denmark, Baltics
14 April 2011 FINLAND 25% NORWAY 26% 22% SWEDEN 19% #2 #1 BALTICS DENMARK # 2‐3 15% 5% 21% #2 # 3‐4 7
Slide 8: Gross Written Premiums 2010, EUR billion
14 April 2011 Gross Written Premiums 2010 , EUR billion If 4.2 Tryg 2.7 Gjensidige 2.2 RSA Scand (NWP) 2.0 Pohjola 1.0 8
Slide 9: Share of private customers of If's and Nordea's total customers
14 April 2011 Share of Private customers Share of Houselhold customers off If’s If’ total t t l customers t iin 2010 off Nordea’s N d ’ total t t l customers t iin 2010 • App. 3 million Private customers • Over 8 million Houselhold customers 9
Slide 10: Customer satisfaction and loyalty
14 April 2011 Percentage of customers affected by Would purchase Mandatum Life’s services a claim, that gave If the highest score again definitely or most likely, percentage of d i years 2005‐2011/2 during 2005 2011/2 totall customers iin 2010 70% 65% Private customers 70% 60% Wealth Management 70%
Slide 11: Average RoE during years 2006-2010
14 April 2011 Average RoE during years 2006‐2010 % 30 26.7 % 25 20.8 % 20 16.1 % 15 10 5 0 If Mandatum Life Nordea 11
Slide 12: Dividend Yield, %
14 April 2011 Dividend Yield, % % Annual A l dividend d d d yield, ld calculated l l d using the h year‐end d share h price 7 6,6 5,9 6.0 5,9 6 57 5,7 5 4 3 2 1 0 2006 2007 2008 2009 2010* * Board’s proposal to the AGM held on 14 April 2011: EUR 1.15 / share 12
Slide 13: Key Figures of Sampo Group's Financial Statements 2010
Key Figures of Sampo Group’s Financial Statements 2010 13
Slide 14: Sampo Group's Profit before Taxes 2010
14 April 2011 Sampo Group’s Profit before Taxes 2010 EURm +60% 2009 2010 1 500 1 320 1 200 +10% 900 825 644 707 600 523 +17% Dividend 300 121 142 80 0 P&C Life Group ‐44 ‐48 ‐300 insurance insurance Nordea Holding* *) excluding Nordea 14
Slide 15: If P&C in 2010
14 April 2011 If P&C in 2010 Norway • Market share 26% • Premiums EUR 1,496 million ll • Combined Ratio 92.1% Finland • Market share 25% • Premiums EUR 886 million • Combined Ratio 90.4% Sweden •Market share 19% • Premiums EUR 1,314 million • Combined Ratio 93.3% Baltics • Market share 15% Denmark •
Slide 16: Mandatum Life in 2010
14 April 2011 Mandatum Life in 2010 Premiums in Finland by distribution channel, EURm Investment assets EUR 6 billion Others, 29 Other 3% Other, Real Estate, 3% Private Equity, 4% Sampo Bank, 275 Shares 28% Shares, Mandatum Life,, 751 Fi d Income, Fixed I 61% 16
Slide 17: Nordea's result has remained stable
14 April 2011 Nordea’s result has remained stable EURm Operating profit by quarters Q1/2007 – Q4/2010 1 200 900 600 1 078 1 071 978 960 32 895 885 883 8 878 93 847 7 3 833 832 2 9 818 8 781 730 592 300 0 17
Slide 18: Earnings per Share 2008-2010
14 April 2011 Earnings per Share 2008–2010 EUR 1,97 2,00 1,50 1,18 1,14 1,00 0,50 0,00 2008 2009 2010 18
Slide 19: NAV per Share
14 April 2011 NAV per Share EUR/share 17,79 18 14,63 15 13,49 12 9,21 9 7,67 8,28 5,97 6 3 0 2004 2005 2006 2007 2008 2009 2010 19
Slide 20: Outlook for the rest of 2011 is positive
14 April 2011 Outlook for the rest of 2011 is positive • Sampo Group is expected to report a good result for 2011. P&C and life insurance operations are expected to report good and stable results and the contribution to profit of associated company Nordea Bank is anticipated to remain strong. The co
Slide 21: Sampo plc Annual General Meeting 2011
Sampo plc Annual General Meeting 2011 14 April 2011 Kari Stadigh Stadigh, CEO