Legal & General Group Plc · LSE:LGEN
Legal & General — Bernstein Strategic Decisions Conference 2016
10 slides from Legal & General's conference presentation, Sep 21, 2016
Slide 1: Bernstein Strategic Decisions Conference
Bernstein Strategic Decisions Conference 2016 2016 Legal & General Group plc Half Year results – 9 August 2016 2016 Legal & General Group plc 21 September 2016 Media City, Salford 2015
Slide 2: Our six long term growth drivers
Our six long term growth drivers GROWTH DRIVERS GROUP RESPONSE GLOBAL DEMOGRAPHICS RETIREMENT SOLUTIONS GLOBALISATION OF ASSET LGIM AND LGR – INTERNATIONAL EXPANSIONS MARKETS CREATING NEW REAL DIRECT INVESTMENTS PRODUCTIVE ASSETS REFORM OF THE WELFARE RESPONSIBILITY TRANSFERRED TO PRIVATE SECTOR STA
Slide 3: High performing Group aligned to growth drivers
High performing Group aligned to growth drivers ASSET MANAGEMENT INSURANCE AND SAVINGS Operating Profit (£m) Operating Profit (£m) H1 2016 H1 2015 H1 2016 H1 2015 Legal & General Retirement Insurance • 406 281 • 138 186 • • Legal & General Investment Management 171 176 Legal & General America 43 40
Slide 4: Strong growth across metrics
Strong growth across metrics 10% NET CASH GENERATION (£m) CAGR FY11-15 EPS (p) 11% CAGR FY11-15 1,330 20.00 1,256 18.58 1,104 1,002 16.70 846 865 15.20 13.84 12.42 2011 2012 2013 2014 2015 2016* 2011 2012 2013 2014 2015 2016* RETURN ON EQUITY (%) DPS (p) 20% CAGR FY11-15 20.4 13.40 17.7 16.9 16.1 15
Slide 5: Our unique business model
Our unique business model LEGAL & GENERAL RETIREMENT Investment Active LDI & multi- Longevity Index Buy-in Buy-out in Real Fixed asset funds insurance Assets LEGAL & GENERAL INVESTMENT MANAGEMENT LEGAL & GENERAL ASSETS* (£bn) CAPITAL 300.4 125.8 389.1 6.0 51.0 8.0 UK - private sector DB opportunitie
Slide 6: LGIM: Defined Contribution opportunities
LGIM: Defined Contribution opportunities UK DC savings industry projections LGIM UK DC AUM £50bn £24bn 2011 H1 2016 First US DC mandate won in 2016 Opportunities in Japan, China & Australia • • • •
Slide 7: Strong balance sheet supporting returns and growth
Strong balance sheet supporting returns and growth CAPITAL POSITION • SURPLUS £8.1bn £5.3bn OWN • FUNDS £14.0bn £14.3bn £14bn £8.1bn £5.3bn • £12bn • £10bn £8bn • £6bn £9.0bn £5.9bn £4bn £2bn £0bn H1 2016 H1 2016 Economic Capital Solvency II
Slide 8: Legal & General equity narrative: investment case
Legal & General equity narrative: investment case • • • • • Clear strategy and business model together with strong balance sheet to drive attractive earnings and cash growth throughout the cycle
Slide 9: Forward looking statements
Forward looking statements This document may contain certain forward-looking statements relating to Legal & General Group, its plans and its current goals and expectations relating to future financial condition, performance and results. By their nature, forward-looking statements involve uncertainty
Slide 10: Bernstein Strategic Decisions Conference
Bernstein Strategic Decisions Conference 2016 2016 Legal & General Group plc Half Year results – 9 August 2016 2016 Legal & General Group plc Media City, Salford 2015
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