Perpetual Limited · ASX:PPT
Perpetual — Perpetual Superannuation — Shareholder Meeting (March 2024)
29 slides from Perpetual's shareholder meeting presentation, Mar 7, 2024
Slide 1: Perpetual WealthFocus Superannuation Fund Annual Members' Meeting
Perpetual Superannuation Limited Perpetual WealthFocus Superannuation Fund Annual Members’ Meeting 7 March 2024
Slide 2: General information
General information This information has been prepared by Perpetual Superannuation Limited ABN 84 008 416 831 (PSL), AFSL 225246, RSE L0003315 (as trustee for Perpetual WealthFocus Superannuation Fund ABN 41 772 007 500, RSE R1057010). It is general information only and is not intended to provide yo
Slide 3: Janet Torney, Chair: Acknowledgement of Country and Introduction
Janet Torney Chair Acknowledgement of Country and Introduction to Key People
Slide 4: Agenda
Agenda Acknowledgement of Country Introduction to key people Chair’s address Market update and investment performance Member services update Members’ questions and answers
Slide 5: Submit a question
Submit a question Via desktop Via mobile device If your question relates specifically to your account, we will contact you directly to discuss. Alternatively, our Contact Centre is available to assist on 1800 003 001. 5
Slide 6: Perpetual Superannuation Limited – key executives
Perpetual Superannuation Limited – key executives Board Janet Torney Kerry Adby Jocelyn Furlan Chris Green Mark Smith Chair & Non Executive Non Executive Director Non Executive Executive Director Executive Director Director Director Governance Tier Board Audit and Risk Committee Investment Committee
Slide 7: Chair's address
Janet Torney Chair Chair’s address
Slide 8: Our strategy
Our strategy Purpose: Enduring prosperity for the lifetime of our members Vision: to be the trusted provider of market-leading superannuation solutions in our chosen segments Values: Excellence, Integrity & Partnership Enable Engage Protect Sustain Strategic Enable the provision of Deepen our member
Slide 9: Your Fund as at December 2023
Your Fund as at 31 December 2023 $1.6 bn in FUM 42 Pension for investment retirement options 9,487 members 15+ Insurance specialist from AIA investment Manage managers your account online 9
Slide 10: Tools & Resources
Tools & Resources 10
Slide 11: Perpetual WealthFocus Superannuation Fund Annual Members' Meeting
Perpetual Superannuation Limited Perpetual WealthFocus Superannuation Fund Annual Members’ Meeting 7 March 2024
Slide 12: Market Update
Kyle Lidbury Head of Investment Research Market Update
Slide 13: 2023 Recap
2023 Recap 1. The most anticipated recession in recent memory that didn’t transpire… 2. Artificial Intelligence boom had a meaningfully positive impact on market sentiment 3. Inflation has trended downwards but remains above Central Bank’s policy target range 4. Central Banks continued to hike rates
Slide 14: Artificial Intelligence (AI) boom
Artificial Intelligence (AI) boom Excitement surrounding AI manifested itself in the ‘Magnificent Seven’ Magnificent Seven vs the Rest (As of 29/11/2023) 180 160 Apple, Amazon, Alphabet, Meta, Microsoft, Tesla, Nvidia Indexed to $100 140 S&P 500 120 S&P 493 100 80 Dec-22 Feb-23 Apr-23 Jun-23 Aug-23
Slide 15: Inflation trended lower
Inflation trended lower Remains above target range in most countries Headline Consumer Price Index (CPI) 12 Actual Forecast 10 Percentage Change vs 1 Year Ago (%) 8 6 4 2 0 -2 Dec-19 Jun-20 Dec-20 Jun-21 Dec-21 Jun-22 Dec-22 Jun-23 Dec-23 Jun-24 Dec-24 Australia United States United Kingdom Eurozone
Slide 16: Central Bank Policy Rates moved higher
Central Bank Policy Rates moved higher Likely at or near peak interest rates Central Bank Policy Rate 6 5 4 Interest Rate (%) 3 Actual Forecast 2 1 0 -1 Sep-18 Mar-19 Sep-19 Mar-20 Sep-20 Mar-21 Sep-21 Mar-22 Sep-22 Mar-23 Sep-23 Mar-24 Sep-24 Mar-25 Australia United States United Kingdom Canada New
Slide 17: 2024 Outlook
2024 Outlook 1. Inflation likely to trend lower over the short-term, however, structural shifts in the global economy could see inflation higher over the long-term 2. Central Banks will keep rates ‘higher for longer’ until unemployment and economic growth materially deteriorates 3. Geopolitical risk
Slide 18: Performance Update
Gordon Thompson Senior Manager, Superannuation and Retirement Performance Update
Slide 19: Performance: Global shares
Performance Global shares – median return of options 12.5% for 12 months ended 31 December 2023 Net Returns to 31 December 2023 (% p.a.) 1 yr 3 yr 5 yr 10 yr Barrow Hanley Global Share 12.54 11.36 11.90 9.84 Magellan Global 20.34 6.25 8.03 8.61 MFS Global Equity 12.29 7.01 9.42 8.57 Perpetual Global
Slide 20: Performance: Australian shares
Performance Australian shares – median return of options 7.9% for 12 months ended 31 December 2023 Net Returns to 31 December 2023 (% p.a.) 1 yr 3 yr 5 yr 10 yr Ausbil Australian Active Equity 11.31 10.96 12.13 8.17 Ausbil Australian Emerging Leaders 2.90 6.34 9.38 6.92 Fidelity Australian Equities
Slide 21: Performance: Cash, fixed income, property and infrastructure
Performance Cash, fixed income, property and infrastructure Net Returns to 31 December 2023 (% p.a.) 1 yr 3 yr 5 yr 10 yr Cash Perpetual Cash 3.33 1.46 1.11 1.09 Fixed income Bentham Global Income 6.92 3.08 2.98 3.09 Macquarie Income Opportunities 5.38 0.47 1.09 1.42 Perpetual Dynamic Fixed Income 5
Slide 22: Performance: Multi-asset
Performance Multi-asset Net Returns to 31 December 2023 (% p.a.) 1 yr 3 yr 5 yr 10 yr Conservative BlackRock ESG Diversified Stable 6.73 1.43 3.00 3.00 Perpetual Conservative Growth 4.02 2.70 3.55 3.33 Balanced Perpetual Diversified Growth 4.06 4.60 5.20 4.39 Perpetual Diversified Real Return 2.53 2
Slide 23: Perpetual WealthFocus Superannuation Fund Annual Members' Meeting
Perpetual Superannuation Limited Perpetual WealthFocus Superannuation Fund Annual Members’ Meeting 7 March 2024
Slide 24: Member Services Update
Annie Rozenauers Global Head of Product Governance Member Services Update
Slide 25: Member Services - FY23
Member Services - FY23 41,053 phone calls over the year, 65% answered in 30 seconds 30,465 emails over the year, 91% answered in 48 hours Customer service scores of 8.7/10 for phone interactions Customer service scores of 7.9/10 for email interactions Service Performance Rated by You (out of 10) 202
Slide 26: MyRetirement
MyRetirement Approaching retirement Introduce me to a financial 52% 40% 8% adviser Provide investment market 16% 55% 29% updates Provide information on how 32% 47% 21% to apply for the age pension Provide information on expected income levels in 10% 44% 46% retirement Provide information on options
Slide 27: Members' Questions and Answers
Members’ Questions and Answers
Slide 28: Submit a question
Submit a question Via desktop Via mobile device If your question relates specifically to your account, we will contact you directly to discuss. Alternatively, our Contact Centre is available to assist on 1800 003 001. 28
Slide 29: Thank you.
Trust is earned. P wip
Perpetual Superannuation — Shareholder Meeting (March 2024) on 6ix