Suncorp Group Limited · ASX:SUN
Suncorp — Morgans Queensland Conference 2013
15 slides from Suncorp's conference presentation, Oct 9, 2013
Slide 1: Morgan's Queensland Conference Presentation
ASX X ann noun ncem ment For personal use only 9 October 2013 Morgan’s Queenslannd Confereence Preseentation Attached iis a copy of the pre esentation made at the Morgan n’s 2013 A nnual Que eensland Conference today. Darren So olomon Company SSecretary Suncorp G Group Limite ed attch. 1 Suncorp Gro
Slide 2: Suncorp - Morgans Qld Conference
For personal use only Suncorp Mark Ley Head of Investor Relations Marcus Taylor Personal Insurance Corporate Affairs Manager Morgans Qld Conference 9 October 2013
Slide 3: Suncorp Group
Suncorp Group Leading financial services brands in Australia and New Zealand For personal use only Top 20 ASX listed company $17.0 billion market capitalisation at 8 Oct 2013 $95.9 billion in group assets 15,000 employees in Australia and New Zealand 9 million customers End to end ownership of brand
Slide 4: Suncorp Group business model
Suncorp Group business model Leveraging the Group’s strategic assets For personal use only Drive Group competitive Cost Customer Capital Culture advantage Corporate centre Bank General Insurance Life Strengthen the core business Personal Commercial Vero NZ Insurance Insurance Shared services 3 Sunco
Slide 5: Suncorp transformation
Suncorp transformation More gas in the tank Life & Vero NZ For personal use only Bank Commercial Insurance Core Businesses Insurance supply chain Personal Insurance Simplification Building Blocks in place Stabilise 2009 2010 2011 2012 2013 2014 2015 4 Suncorp Group Limited 9 October 2013
Slide 6: FY13 result overview
FY13 result overview FY13 FY12 %∆ For personal use only General Insurance NPAT 883 493 79.1 Core Bank NPAT 289 289 - Suncorp Life NPAT 60 251 (76.1) Core Business lines NPAT 1,232 1,033 19.3 Non-core Bank (632) (263) n/a Other profit and acquisition amortisation (109) (46) n/a Net Profit After Tax 4
Slide 7: Core business profitability
Core business profitability Improved earnings (Profit after tax $m) For personal use only 19% 1,232 General Insurance Core Bank Suncorp Life 60 1,047 1,033 289 222 800 251 268 149 289 259 883 557 493 392 FY10 FY11 FY12 FY13 6 Suncorp Group Limited 9 October 2013
Slide 8: Top line growth
Top line growth Growth across all three business lines ($m) For personal use only General Insurance GWP Suncorp Life individual 8.0% in-force business 8.7% 8,589 785 7,280 669 FY11 FY12 FY13 FY11 FY12 FY13 Core Bank lending assets Shareholder returns (cps) 9.5% Interim dividend Final dividend Specia
Slide 9: Key commitments
Key commitments One Company. Many Brands For personal use only 1 Group growth of 7% to 9% per annum over the next two years 2 Simplification benefits of $225 million in the 2015 financial year 3 ‘Meet or beat’ an underlying ITR of 12% through the cycle 4 60% to 80% dividend payout ratio 5 Continue t
Slide 10: Suncorp's shareholder focus
Suncorp’s shareholder focus For personal use only Yield Growth • Dividend payout ratio of 60% to • 7% to 9% per annum growth 80% across the business lines • Return surplus capital • Leverage the Group’s 9 million • Organic strategy customers • Focus exclusively in Australia • Multi-brand, multi-chan
Slide 11: Suncorp Claims Management
Suncorp Claims Management How we’ve been managing Queensland events For personal use only One team - 2,500 people across Claims First Response trained staff – Across Personal Insurance One claims system – fully integrated mobile lodgement One Procurement Model - $5b spend National Assessing Team – 4
Slide 12: General Insurance Supply Chain
General Insurance Supply Chain Better outcomes for customers and shareholders For personal use only Capital S.M.A.R.T. Supply chain optimisation • 23 sites across the country • 120,000 cars repaired per year • $400 average cost saving per car Parts joint venture • Scale benefits Q-Plus • Reduced cos
Slide 13: Q&A session
For personal use only Q&A session 12 Suncorp Group Limited 9 October 2013
Slide 14: Important disclaimer
Important disclaimer This report contains general information which is current as at 9 October 2013. It is information given in summary form For personal use only and does not purport to be complete. It is not a recommendation or advice in relation to the Group or any product or service offered by S
Slide 15: Investor Relations contacts
Investor Relations contacts For personal use only Mark Ley mark.ley@suncorp.com.au +61 7 3135 3991 Nicole McGinn nicole.mcginn@suncorp.com.au +61 7 3135 3993 Sam Miller samantha.miller@suncorp.com.au +61 7 3135 2415 Nick Perchey nick.perchey@suncorp.com.au +61 2 8121 9206 Andrew Dempster andrew.demp