Asr Nederland N.v. · EURONEXT:ASRNL
Asr Nederland — a.s.r. — Shareholder Meeting (May 2022)
50 slides from Asr Nederland's shareholder meeting presentation, May 25, 2022
Slide 1: Annual General Meeting 2022
Annual General Meeting 2022 25 May 2022
Slide 2: 1. Welcome & opening
1. Welcome & opening Joop Wijn Chair of the Supervisory Board Annual General Meeting 2022 25 May 2022 General Meeting of Shareholders ASR Nederland N.V. 2022 2
Slide 3: Presence Supervisory & Executive Board
Presence Supervisory & Executive Board Joop Wijn Sonja Barendregt Herman Hintzen Gisella van Vollenhove Gerard van Olphen Chair of the Supervisory Board Member Supervisory Board Member Supervisory Board Member Supervisory Board Member Supervisory Board Chair Audit & Risk Committee Vice Chair Supervi
Slide 4: Voting points
Voting points 2. Remuneration report 2021 (advisory vote) 3. 2021 Financial Statements and dividend 4. Discharge members of the Supervisory Board and the Executive Board 5. Extension of the authorities of the Executive Board 6. Cancellation of shares 7. Composition of the Supervisory Board General M
Slide 5: 2a. Annual Report 2021
2a. Annual Report 2021 Jos Baeten CEO and Chair of the Executive Board General Meeting of Shareholders ASR Nederland N.V. 2022 5
Slide 6: 2021 COVID-19 update
2021 COVID-19 update • Clients in need were offered customised solutions, including payment arrangements. Limited number of bankruptcies and arrears within our customer base Customers • Excellent customer satisfaction, illustrated by a stable NPS-c of 49 during the pandemic, well above the medium-te
Slide 7: Sustainable value creation for all stakeholders is key to a.s.r.
Sustainable value creation for all stakeholders is key to a.s.r. Customer – Best financial service provider Society – Positive impact on society and environment • Products and services with better than average market NPS-r • Financial self-reliance and inclusiveness • Leveraging on strong franchise
Slide 8: Brand and Reputation, realized and plans for the coming years
Brand and Reputation, realized and plans for the coming years Successfully invested in communication to the general public, resulting in brand growth, a good reputation and a distinctive position as a sustainable insurer. a.s.r. has distinctive brand perception among the general public, with associa
Slide 9: Strong performance, achieved or outperformed medium term targets
Strong performance, achieved or outperformed medium term targets Operating result Solvency II (SF) Dividend per share Organic capital Combined ratio Operating ROE creation € 1,021m 196% € 2.42 16.3% € 594m 91.8% +15.4% -3%-pts +18.6% Target 12-14% +18.8% Target 94-96% (2020: € 885m) (2020: 199%) (20
Slide 10: Non-life: strong increase operating result
Non-life: strong increase operating result Operating result (in €m) GWP - P&C & Disability (in €m) Combined ratio P&C & Disability (in %) Disability +34.9% +5.2% P&C -1.9%-p 2,892 93.6 91.8 2,749 325 1.193 1.290 1.557 1.603 241 2020 2021 2020 2021 GWP - Health (in €m) Combined ratio Health (in %) +3
Slide 11: Life: higher operating result driven by investment margin
Life: higher operating result driven by investment margin Operating result (in €m) Gross Written Premiums (in €m) Investment margin (in €m) Direct investment income Required interest Amortised realised gains +4.6% +10.1% +4.5% 620 682 1,893 277 299 1,810 1.090 1.084 763 730 -747 -701 2020 2021 Life
Slide 12: Solid growth fee-based businesses and mortgages
Solid growth fee-based businesses and mortgages Operating result Asset Management Operating result Distribution and Services Mortgages (in €m) (in €m) (in €m) 6,000 +14.2% +9.2% 4,600 36 28 31 25 2020 2021 2020 2021 2020 2021 General Meeting of Shareholders ASR Nederland N.V. 2022 12
Slide 13: Capital return shareholders. Dividend and share buy back
Capital return shareholders. Dividend and share buy back € 2.42 DPS € 75m SBB • 18.6% increase compared to 2020 • Starts on 24 February 2022 and will • 2021 dividend as base for end on 24 May 2022 at the latest progressive dividend going forward • Intention ≥€ 100m annually for plan period 2022 - 20
Slide 14: New ambitious financial targets for 2022-2024
New ambitious financial targets for 2022-2024 Core Group targets Organic capital Operating return SII ratio Dividend Share buyback creation on equity (Standard formula) >160% €1.7-1.8bn 12-14% Progressive ≥ €100m Substantial capital for entrepreneurship Cumulative 2022-2024 Per annum Low-mid single
Slide 15: New medium term sustainability targets for 2022 - 2024
New medium term sustainability targets for 2022 - 2024 Sustainable Sustainable Sustainable Sustainable Sustainable insurer insurer employer investor investor Net Promoter Score Public recognition as a Employee engagement Carbon footprint reduction Impact investments (NPS-r) sustainable insurer total
Slide 16: Key take-aways 2021
Key take-aways 2021 Best ever result to date, driven by strong performance in all segments and achieving all our financial medium-term targets Robust balance sheet and solvency with ample financial flexibility and strong organic capital creation Proposed full year dividend of € 2.42 per share, 18.6%
Slide 17: 2a. Q&A Annual Report 2021
2a. Q&A Annual Report 2021 General Meeting of Shareholders ASR Nederland N.V. 2022 17
Slide 18: 2b. Report of the Supervisory Board
2b. Report of the Supervisory Board Section 5.2 Annual Report 2021 General Meeting of Shareholders ASR Nederland N.V. 2022 18
Slide 19: 2c. Corporate Governance
2c. Corporate Governance Chapter 5 Annual Report 2021 General Meeting of Shareholders ASR Nederland N.V. 2022 19
Slide 20: 2d. Remuneration report
2d. Remuneration report Advisory vote to adopt the 2021 remuneration report • Questions • Voting General Meeting of Shareholders ASR Nederland N.V. 2022 20
Slide 21: 2d. Remuneration Report
2d. Remuneration Report Result of the advisory vote to adopt the 2021 Remuneration Report For: 93.252.696 97,99% Against: 1.911.163 Abstained: 5.294.567 General Meeting of Shareholders ASR Nederland N.V. 2022 21
Slide 22: 3. 2021 Financial Statements & dividend
3. 2021 Financial Statements & dividend Sonja Barendregt Chair of the Audit & Risk Committee General Meeting of Shareholders ASR Nederland N.V. 2022 22
Slide 23: 3. 2021 Financial Statements & dividend
3. 2021 Financial Statements & dividend Ton Reijns Partner at KPMG General Meeting of Shareholders ASR Nederland N.V. 2022 23
Slide 24: KPMG audit slide
© 2021 KPMG Accountants N.V. All rights reserved.
Slide 25: KPMG audit slide
© 2021 KPMG Accountants N.V. All rights reserved.
Slide 26: KPMG audit slide
© 2021 KPMG Accountants N.V. All rights reserved.
Slide 27: 3a. 2021 Financial Statements & dividend
3a. 2021 Financial Statements & dividend Proposal to adopt the financial statements for the financial year 2021 • Questions • Voting General Meeting of Shareholders ASR Nederland N.V. 2022 27
Slide 28: 3a. 2021 Financial Statements & dividend
3a. 2021 Financial Statements & dividend Result of the voting to adopt the financial statements for the financial year 2021 For: 100.197.538 100,00% Against: 1.420 Abstained: 259.468 General Meeting of Shareholders ASR Nederland N.V. 2022 28
Slide 29: 3b and c. 2021 Financial Statements & dividend
3b and c. 2021 Financial Statements & dividend 3b Explanatory notes on the reserve and dividend policy 3c Dividend proposal • Questions • Voting General Meeting of Shareholders ASR Nederland N.V. 2022 29
Slide 30: 3b and c. 2021 Financial Statements & dividend
3b and c. 2021 Financial Statements & dividend Result of the dividend proposal voting For: 99.893.359 99,46% Against: 538.469 Abstained: 26.598 General Meeting of Shareholders ASR Nederland N.V. 2022 30
Slide 31: 4a. Discharge
4a. Discharge Proposal to discharge each member of the Executive Board for execution of their duties in the financial year 2021 • Questions • Voting General Meeting of Shareholders ASR Nederland N.V. 2022 31
Slide 32: 4a. Discharge
4a. Discharge Result of the voting to discharge each member of the Executive Board for execution of their duties in the financial year 2021 For: 99.512.979 99,35% Against: 654.195 Abstained: 291.252 General Meeting of Shareholders ASR Nederland N.V. 2022 32
Slide 33: 4b. Discharge
4b. Discharge Proposal to discharge each member of the Supervisory Board for execution of their duties in the financial year 2021 • Questions • Voting General Meeting of Shareholders ASR Nederland N.V. 2022 33
Slide 34: 4b. Discharge
4b. Discharge Result of the voting to discharge each member of the Supervisory Board for execution of their duties in the financial year 2021 For: 99.512.972 99,35% Against: 654.202 Abstained: 291.252 General Meeting of Shareholders ASR Nederland N.V. 2022 34
Slide 35: 5a. Extension of the authorities of the Executive Board
5a. Extension of the authorities of the Executive Board Proposal to extend the authorisation of the Executive Board to issue shares and/or grant the right to subscribe for shares • For a period of 18 months • Subject to approval of the Supervisory Board • Up to a maximum of 10% of the share capital
Slide 36: 5a. Extension of the authorities of the Executive Board
5a. Extension of the authorities of the Executive Board Proposal to extend the authorisation of the Executive Board to issue shares and/or grant the right to subscribe for shares • Questions • Voting General Meeting of Shareholders ASR Nederland N.V. 2022 36
Slide 37: 5a. Extension of the authorities of the Executive Board
5a. Extension of the authorities of the Executive Board Result of the voting to extend the authorisation of the Executive Board to issue shares and/or grant the right to subscribe for shares For: 100.041.801 99,60% Against: 404.871 Abstained: 11.754 General Meeting of Shareholders ASR Nederland N.V.
Slide 38: 5b. Extension of the authorities of the Executive Board
5b. Extension of the authorities of the Executive Board Proposal to extend the authorisation of the Executive Board to restrict or exclude statutory pre-emption rights • In connection with the issue authorisation granted under agenda item 5a • For a period of 18 months • Subject to approval of the S
Slide 39: 5b. Extension of the authorities of the Executive Board
5b. Extension of the authorities of the Executive Board Proposal to extend the authorisation of the Executive Board to restrict or exclude statutory pre-emption rights • Questions • Voting General Meeting of Shareholders ASR Nederland N.V. 2022 39
Slide 40: 5b. Extension of the authorities of the Executive Board
5b. Extension of the authorities of the Executive Board Result of the voting to extend the authorisation of the Executive Board to restrict or exclude statutory pre-emption rights For: 98.232.924 97,80% Against: 2.213.653 Abstained: 11.849 General Meeting of Shareholders ASR Nederland N.V. 2022 40
Slide 41: 5c. Extension of the authorities of the Executive Board
5c. Extension of the authorities of the Executive Board Proposal to authorise the Executive Board to acquire the company’s own shares • For a period of 18 months • Subject to approval of the Supervisory Board • Up to a maximum of 10% of the share capital • At a price between the nominal share value
Slide 42: 5c. Extension of the authorities of the Executive Board
5c. Extension of the authorities of the Executive Board Proposal to authorise the Executive Board to acquire the company’s own shares • Questions • Voting General Meeting of Shareholders ASR Nederland N.V. 2022 42
Slide 43: 5c. Extension of the authorities of the Executive Board
5c. Extension of the authorities of the Executive Board Result of the voting to authorise the Executive Board to acquire the company’s own shares For: 98.449.659 98,19% Against: 1.814.469 Abstained: 194.298 General Meeting of Shareholders ASR Nederland N.V. 2022 43
Slide 44: 6a. Cancellation of shares
6a. Cancellation of shares Proposal to cancel shares held by a.s.r. • a.s.r. acquired 2,035,868 shares in its own capital between February 2021 and May 2021 • Proposal to cancel these 2,035,868 shares • This will reduce the issued share capital from 138,057,204 shares to 136,021,336 shares • Purpose
Slide 45: 6a. Cancellation of shares
6a. Cancellation of shares Proposal to cancel shares held by a.s.r. • Questions • Voting General Meeting of Shareholders ASR Nederland N.V. 2022 45
Slide 46: 6a. Cancellation of shares
6a. Cancellation of shares Result of the voting to cancel shares held by a.s.r. For: 100.417.423 99,96% Against: 37.406 Abstained: 3.597 General Meeting of Shareholders ASR Nederland N.V. 2022 46
Slide 47: 7. Composition of the Supervisory Board
7. Composition of the Supervisory Board Proposal to reappoint Sonja Barendregt as member of the Supervisory Board • Questions • Voting General Meeting of Shareholders ASR Nederland N.V. 2022 47
Slide 48: 7. Composition of the Supervisory Board
7. Composition of the Supervisory Board Result of the voting to reappoint Sonja Barendregt as member of the Supervisory Board For: 98.897.700 98,70% Against: 1.298.553 Abstained: 262.173 General Meeting of Shareholders ASR Nederland N.V. 2022 48
Slide 49: 8. Questions
8. Questions Annual General Meeting 2022 25 May 2022 General Meeting of Shareholders ASR Nederland N.V. 2022 49
Slide 50: General Meeting of Shareholders ASR Nederland N.V. 2022
General Meeting of Shareholders ASR Nederland N.V. 2022 50