Legal & General Group Plc · LSE:LGEN
Legal & General — Deutsche Bank Global Financial Services Conference 2014
9 slides from Legal & General's conference presentation, May 28, 2014
Slide 1: Deutsche Bank Global Financial Services Conference
DEUTSCHE BANK GLOBAL FINANCIAL SERVICES CONFERENCE NIGEL WILSON – LEGAL & GENERAL 28TH MAY 2014 EVERY DAY MATTERS
Slide 2: Strategic & Financial Evolution
2 STRATEGIC & FINANCIAL EVOLUTION. 2009 AND ONGOING 2012 2013 AND BEYOND CASH: CERTAINTY AND CASH + ORGANIC GROWTH + CASH + ORGANIC GROWTH SUSTAINABILITY SELECTIVE ACQUISITONS • Identification of five key macro • Continue to accelerate growth in • Industrialised and automated drivers of growth flow
Slide 3: Results Summary: Financial Highlights
3 RESULTS SUMMARY: FINANCIAL HIGHLIGHTS. Full Year 2013: • Earnings per share up 10% to 15.20p (2012: 13.84p) • Full year dividend up 22% to 9.30p per share (2012: 7.65p per share) • Return on equity 16.1% (2012: 15.4%) Q1 2014: Net Cash Generation up 21% to £301M (Q1 2013: £249M) • LGIM total AUM u
Slide 4: Clear Strategy, Outstanding Results. Driving Cash and Dividends
4 CLEAR STRATEGY, OUTSTANDING RESULTS. GROWTH DRIVERS GROUP RESPONSE PROGRESS Q1 2014 ACHIEVEMENTS Annuity assets up 15% to £38.3bn AGEING RETIREMENT Record £3bn BPA deal for ICI Pension Fund POPULATIONS SOLUTIONS Workplace assets up 32% to £9.1bn DIGITAL DIGITAL Cofunds assets of £66bn LIFESTYLES S
Slide 5: Driving Growth: Increasing Stock
5 DRIVING GROWTH: INCREASING STOCK. £463bn INSURANCE PREMIUMS LGIM AUM GROWTH £2.8bn GROWTH £450bn £354bn £2.1bn 2010 2010 2011 2011 2012 2012 2013 2013 Q1 2014 Q1 2014 2010 2011 2012 2013 ANNUITIES ASSETS UK SAVINGS ASSETS £113bn £115bn £38.3bn GROWTH GROWTH Cofunds Cofunds £34.4bn £48bn £25.4bn 20
Slide 6: Acquisitions - Clear Strategy, Outstanding Results
6 ACQUISITIONS - CLEAR STRATEGY, OUTSTANDING RESULTS. GROUP RESPONSE PROGRESS IMPLEMENTED SO FAR NEXT STEPSPROGRESS • Acquired Lucida for £149m in 2013 • Expect return of c£140m capital by end • Evaluate opportunities in US and Canada RETIREMENT 2014 • Monitor UK market for opportunities SOLUTIONS •
Slide 7: Full Year Dividend Up 22% to 9.30p
7 FULL YEAR DIVIDEND UP 22% TO 9.30P. 9.30p 7.65p 6.40p 6.90p 4.75p 5.69p 3.84p 4.74p 3.42p 2.73p 1.96p 2.40p 1.11p 1.33p 1.66p 2009 2010 2011 2012 2013 Net cash (£m) 699 760 846 865 1,002 Dividend (£m) 225 279 375 452 550 Dividend coverage1 3.11 2.72 2.26 1.91 1.82 1. Dividend coverage based on net
Slide 8: Every Day Matters – Our Social Purpose
8 EVERY DAY MATTERS – OUR SOCIAL PURPOSE. “Insurance has a powerful social purpose. We make a promise to our customers that we will be there to stand behind that promise when disaster or tragedy strikes. Our clear aim is to be a force for good in society, make every day matter for our customers and
Slide 9: Forward Looking Statements
9 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 uncerta
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