Tower Limited · NZX:TWR
Tower — Investor Presentation (November 2006)
8 slides from Tower's investor presentation, Nov 6, 2006
Slide 1: TOWER Australia Group Limited for TOWER Limited Shareholder Meeting
TOWER Australia Group Limited for TOWER Limited Shareholder Meeting 6 November Jim Minto Group Managing Director
Slide 2: TOWER Australia (TAL) Market Position
TOWER Australia (TAL) Market Position z TAL is a leading independent specialist life insurer in Australia – Inforce premium income in excess of A$600 million and 12% market share z TAL is the market leader in the group sector with 17.4% share and No. 6 in the retail market z TAL has grown in excess
Slide 3: Overview of Performance
TOWER Australia Overview of Performance z TAL has steadily improved operating earnings since 2004 through: – cost reductions – improved lapse rates – increased sales, and – exiting unprofitable lines z TAL has a strong balance sheet including: – low gearing – conservative shareholder asset mix z TAL
Slide 4: Vision
TOWER Australia Vision z To be the leading specialist life risk business in Australia, offering complementary investment products sold through our chosen distribution partners z The vision is driven through the following strategic objectives: – Developing diversified distribution channels – Securing
Slide 5: 2007 Outlook
TOWER Australia 2007 Outlook z In 2007, the businesses will focus on: – Increasing sales through advisers – Maintaining mastertrust growth and margins through enhanced services – Completing the integration of PrefSure – Developing existing and new alliances – Launching new retail and corporate super
Slide 6: Total Australian Life Risk Market – In Force
Total Australian Life Risk Market – In Force Source: Plan For Life 6
Slide 7: Total Australian Life Risk Market – All New Premiums
Total Australian Life Risk Market – All New Premiums Source: Plan For Life, Deutsche Bank 7
Slide 8: Summary
TOWER Australia Summary z Leading independent life insurer in Australia z Niche investment business z Well positioned in high growth and high margin segments z Broad based and rapidly expanding distribution capability z Experienced and focused board and management team z Strong balance sheet and low