Amp Limited · ASX:AMP
Amp — Shareholder Meeting (May 2019)
16 slides from Amp's shareholder meeting presentation, May 2, 2019
Slide 1: Annual General Meeting – Chairman's address & CEO presentation slides
For personal use only 2 May 2019 Manager Client and Market Services Team ASX Market Announcements NZX Limited Australian Securities Exchange Level 1, NZX Centre, 11 Cable Street Level 4, 20 Bridge Street PO Box 2959 Sydney NSW 2000 Wellington, New Zealand AMP Limited (ASX/NZX: AMP) Annual General Me
Slide 2: Chairman's address: why I took on the role of Chairman
AMP Chairman’s address at the 2019 Annual General Meeting AMP and why I took on the role of Chairman In the lead-up to last year’s AGM, the then Board approached me regarding the role of Chairman, following the resignations of the previous Chairman and CEO, and in light of issues at the Royal Commis
Slide 3: Responding to shareholder questions: Royal Commission
Firstly, the business was too slow to identify customer issues and take appropriate action. Putting things right for customers is therefore critical. Not only is it the right thing to do, it ensures that we can put the past behind us and focus on building our future. Our objective is to identify and
Slide 4: Sale to Resolution Life
For our customers with insurance and mature policies, there will be no change to existing policy terms and conditions. And once owned by Resolution Life, the businesses remain subject to the same regulatory regime as at present. We are progressing the work required to legally separate the insurance
Slide 5: Actions taken as Chairman: strengthening governance
Actions taken as Chairman of the Board Strengthening governance The topics I have addressed cover key questions asked by shareholders and I look forward to addressing further questions during the meeting. I will now turn to actions taken since my appointment as Chairman. For personal use only From p
Slide 6: CEO strategy and remuneration
And by the interim financial results in August, the Board anticipates that he will outline his strategy to position AMP for the future. We expect by then to have line of sight on completion of the sale transaction and clarity of relevant legislation post the federal election. The CEO’s current remun
Slide 7: Conclusion
We must also remain mindful of the economic outlook and the impact to our customers and shareholders from any downturn in wider financial markets. From my experience in reinventing a business, change can only be successful with a firm commitment to restructuring and associated investments. Additiona
Slide 8: 2019 AGM
For personal use only 2 May 2019 2019 AGM
Slide 9: CEO's address
For personal use only CEO’s address Francesco De Ferrari
Slide 10: Helping people own tomorrow – 2018
Helping people own tomorrow – 2018 For personal use only Over 3.5 million AMP Capital managed A$187b We helped over 125,000 A$2.5b paid in customers in for clients customers retire Australian Australia and globally in Australia retirement New Zealand payments A$1.2b We helped around 110,000 Approxim
Slide 11: Transforming AMP
Transforming AMP For personal use only Board Executive Customer renewal change focus Transformational transaction Consequence Risk management management
Slide 12: Future AMP
Future AMP For personal use only Wealth AMP AMP management Bank Capital Delivering trusted Supporting customers Taking Australian and affordable advice to achieve their most excellence in infrastructure for all important financial goal and real estate global
Slide 13: Culture – sense of purpose
Culture – sense of purpose For personal use only
Slide 14: Culture – a new, agile AMP
Culture – a new, agile AMP For personal use only Own products and services Own Own business money
Slide 15: 2019 priorities
2019 priorities For personal use only Towards transformation Position to win across core businesses –– Separate Australia and New Zealand –– Transform Australian wealth management insurance and mature –– Grow New Zealand wealth management –– Deliver advice remediation –– Drive growth in AMP Bank ––
Slide 16: Thank you
For personal use only Thank you