Hansard Global Plc · LSE:HSD
Hansard Global — FY2021 Earnings Presentation
20 slides from Hansard Global's earnings presentation, 2021
Slide 1: Full Year Results 2021
FULL YEAR RESULTS 2021 FINANCIAL YEAR
Slide 2: Disclaimer and forward-looking statements
This presentation does not constitute an invitation to subscribe for or otherwise to acquire or dispose of shares in Hansard Global plc. This presentation may contain forward-looking statements with respect to certain of the plans and current goals and expectations relating to the future financial c
Slide 3: Agenda
AGENDA Introduction & Overview Our Business Strategy Results FY 2021 * Summary * Financial year ended 30 June 2021 2
Slide 4: Building Momentum
BUILDING MOMENTUM New Business of Results and operations £173.0m PVNBP continue to be resilient in light (2020: £159.8m) of Covid-19 challenges IFRS profit before Japan proposition tax of £5.1m developed and awaiting (2020: £4.7m) end of Covid-19 restrictions in Japan Assets under Administration Fin
Slide 5: Our Business Strategy
Introduction & Overview Our Business Strategy Results FY 2021 Summary 4
Slide 6: Implementing Our Growth Strategy
IMPLEMENTING OUR G RO W T H S T R AT E G Y SHORT TERM (WITHIN 12 MONTHS) MEDIUM TERM (12-24 MONTHS) LONG TERM (24+ MONTHS) • Japanese proposition to be launched • Expansion of Japanese proposition to • Extension of Japan-style with first distribution partner on new IT additional Japanese distributor
Slide 7: Japan: Built for Launch
J A PA N B U I LT F O R L A U N C H FY 2021 PROGRESS ROUTE TO LAUNCH POST LAUNCH BUILD • Japanese regulatory approval received for new product filing • Distribution partner’s Board to • Distribution agreements with • New IT system developed and ready for the new product approve launch date and sign
Slide 8: Building New Business
BUILDING NEW BUSINESS Despite the pandemic our new business PVNBP result was up on 2020. 2021 v 2020 PVNBP TOTAL Our approach to support our policyholders and our distributors throughout the year paid off. • Giving flexibility to policyholders in difficulty 8.3% • Special offers for new policies • I
Slide 9: Hansard Europe Litigation Update
H A N S A R D E U RO P E L I T I G AT I O N U P DAT E Exposures from • Group action in Italy related to illiquid assets - expected to be substantially covered by insurance. outstanding writs of £22.7m (30/06/20: £23.4m) • Litigants considering next steps in large appeal case in Belgium after Supreme
Slide 10: Results FY 2021
Introduction & Overview Our Business Strategy Results FY 2021 Summary 9
Slide 11: Results: Summary Results
R E S U LT S FY 2021 Summary Results FY 2021 FY 2020 % Change New business sales – PVNBP £173.0m £159.8m +8% IFRS profit before tax £5.1m £4.7m +9% Underlying IFRS profit £6.8m £6.2m +10% Operating cash surplus £23.8m £22.7m +5% Assets Under Administration £1.22bn £1.08bn +13% -1% Value of In-Force
Slide 12: Results: New Business
R E S U LT S FY 2021 New Business FY 2021 FY 2020 Sales resilient across Present Value of New Business Premiums £m £m each of our regions despite the Regular premiums 109.6 102.0 challenges of Covid-19. Single premium 63.4 57.8 PVNBP 173.0 159.8 Plan to address the improvement of new business margin
Slide 13: Results: 5 Year Trend in Assets under Administration
R E S U LT S FY 2021 Assets under Administration 5 year trend 1200 Hansard International 1000 1135 continues positive 987 800 913 966 upward trend. 878 AuA £M Hansard Europe closed 600 to new business in 2013. 400 171 123 200 114 94 89 0 2017 2018 2019 2020 2021 Financial Year Hansard International
Slide 14: Results: IFRS Abridged Income Statement
R E S U LT S FY 2021 IFRS - Abridged income statement FY 2021 FY 2020 £m £m Fees and commissions HI income resilient in face of impact of Covid-19. - Hansard International 42.3 41.4 HE continues to run-off - Hansard Europe 3.0 3.3 its business having closed in 2013. 45.3 44.7 Investment and other in
Slide 15: Results: IFRS Abridged Balance Sheet
R E S U LT S FY 2021 IFRS - Abridged balance sheet 30/06/21 30/06/20 £m £m Deferred origination costs 125.1 122.3 Other assets 15.2 16.4 Shareholder cash and bank deposits 63.5 60.8 Total assets 203.8 199.5 Deferred income 142.5 137.8 Other payables 36.7 35.8 179.2 173.6 Net assets 24.6 25.9 Shareho
Slide 16: Results: Cash Flows
R E S U LT S FY 2021 Cash Flows FY 2021 FY 2020 £m £m Operating cash surplus Operating cash surplus 23.8 22.7 in year ended 30 June Interest and other income 0.4 1.6 30 23.8 25 Cash inflow from operations 24.2 24.3 20 Investment in new business (16.5) (19.1) £m 15 Capital expenditure (3.8) (3.0) 10
Slide 17: Results: Cash Liquidity
R E S U LT S FY 2021 Cash Liquidity Shareholder cash balances at 30 June 30/06/21 30/06/20 80 £m £m 70 63.5 60 50 Total Group cash and deposit balances 63.5 60.8 £m 40 30 Less net shareholder payables (5.6) (3.7) 20 10 Less policyholder claims payable (27.4) (23.9) 0 2017 2018 2019 2020 2021 Less ne
Slide 18: Results: Own Funds
R E S U LT S FY 2021 Own Funds Own Funds Own Funds 30/06/21 30/06/20 £m £m Value of In-Force 145.8 147.9 Risk Margin (29.4) (29.5) Net Worth 29.1 30.7 Total Own Funds 145.5 149.1 Own Funds per share: 106p (31/06/20: 108p). Net Worth incorporates deductions for probabilistic outcomes of litigation an
Slide 19: Agenda
AGENDA Introduction & Overview Our Business Strategy Results FY 2021 Summary 18
Slide 20: Summary
S U M M A RY IFRS IFRS profit before tax of Continued resilient financial Japanese proposition ready £5.1m (2020: £4.7m) and operational position to deploy upon resolution of Covid-19 restrictions 2.65p First stage of new IT Final dividend of 2.65p systems delivered to per share maintained support J