Discovery — FY2006 Earnings Presentation

5 slides from Discovery's earnings presentation, Sep 23, 2006

Slide 1: Discovery financial review
Discovery financial review Q Discovery
Slide 2: Discovery continues to perform strongly
Discovery continues to perform strongly R’ mil June ’06 June ’05 Normalised Normalised Headline earnings 423 316 Headline earnings growth (%) 34 30 Return on embedded value (%) 15.3 33.3
Slide 3: Organic growth pays dividend
Organic growth pays dividend • Discovery Health – Operating profit up 20% – Growth in membership and operating efficiencies • Discovery Life – Operating profit up 31% – Strong new business – Strong mortality and morbidity experience • PruHealth’s new business performance exceeds expectation • Disapp
Slide 4: Unpacking the profits
Unpacking the profits Growth R’ mil June ’06 June ’05 % Discovery Health 655 548 20% Discovery Life 545 417 31% Discovery Vitality 41 37 11% Destiny Health (151) (90) -68% PruHealth (146) (148) 1% Investment income 319 159 101% Operating profit before BEE 1 263 923 37%
Slide 5: Strong growth in EV continues
Strong growth in EV continues 12000 10588 10000 9173 CAGR 26% +15% 8000 6876 6000 4928 4000 3321 2000 0 June '02 June '03 June '04 June '05 June '06