Manulife Financial Corporation · TSX:MFC
Manulife Financial — Shareholder Meeting (May 2017)
12 slides from Manulife Financial's shareholder meeting presentation, May 4, 2017
Slide 1: Annual Meeting
Annual Meeting Stephen B. Roder Senior Executive Vice President & Chief Financial Officer Annual Meeting Thursday, May 4, 2017
Slide 2: Key Messages
Key Messages • Generated strong top line and new business value growth • Continued positive net flows and AUMA growth • Delivered strong core earnings growth • Focused on regular and sustainable dividend increases • Maintained financial flexibility • Delivered an annualized total shareholder return
Slide 3: Strong performance in Asia driving insurance sales and NBV growth
Strong performance in Asia driving insurance sales and NBV growth Insurance sales New Business Value (C$ millions) (C$ millions) +11%1 +22%1 Asia Other Asia Other 3,952 1,226 3,380 3,279 955 2,757 2,544 697 998 2,651 691 1,930 1,370 1,412 406 1,052 N/A2 N/A2 2012 2013 2014 2015 2016 2012 2013 2014 2
Slide 4: Strong net flows in WAM business contributing to strong AUMA growth
Strong net flows in WAM business contributing to strong AUMA growth Wealth & Asset Management net flows Assets under Management and (C$ billions) Administration (C$ billions) WAM Other +6%1 935 977 691 599 531 34 20 18 15 510 544 13 259 315 204 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 Seven
Slide 5: While Net Income has fluctuated due largely to MTM accounting, Core Earnings growth has been strong
While Net Income has fluctuated due largely to MTM1 accounting, Core Earnings growth has been strong Shareholders’ Net Income and Core Earnings (C$ billions) Net Income Core Earnings +17% 4.0 3.5 3.4 3.1 2.9 2.9 2.6 2.2 2.2 1.8 2012 2013 2014 2015 2016 Achieved $4 billion of Core Earnings in 2016, a
Slide 6: Core earnings growth facilitating dividend increases
Core earnings growth facilitating dividend increases Annual dividend +11% 82.0 ¢/sh 74.0 ¢/sh 66.5 ¢/sh 52.0 ¢/sh 57.0 ¢/sh 2013 2014 2015 2016 2017E1 58% cumulative dividend growth since 2013, through four dividend increases over the last three years 1 Assumes no further dividend increase for 2017.
Slide 7: Maintaining a strong capital position
Maintaining a strong capital position Regulatory capital ratio for MLI1 Financial leverage ratio2 248% 248% 32.7% 31.0% 223% 230% 29.5% 211% 27.8% 23.8% 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 1 Refers to the Minimum Continuing Capital and Surplus Requirements (MCCSR) ratio for The Manufac
Slide 8: Delivered an annualized TSR of 19% since the end of 2012
Delivered an annualized TSR of 19% since the end of 2012 Total Shareholder Return Index (December 31, 2012 = 100) 210 Manulife Financial Corporation 200 19% Annualized TSR 190 Average of Performance Peer Group 180 17% Annualized TSR, local currency 170 S&P 500 14% Annualized TSR 160 150 140 S&P/TSX
Slide 9: 1Q17 financial highlights
1Q17 financial highlights • Net income attributed to shareholders of $1,350 million • Core earnings of $1,101 million, up 22% vs. 1Q16 • Insurance sales up 39% vs. 1Q16 • New business value up 42% vs. 1Q16 • Wealth and asset management net flows of $4.3 billion • Achieved $1 trillion in assets under
Slide 10: Summary
Summary • Generated strong top line and new business value growth • Continued positive net flows and AUMA growth • Delivered strong core earnings growth • Focused on regular and sustainable dividend increases • Maintained financial flexibility • Delivered an annualized total shareholder return of 19
Slide 11: Annual Meeting
This page has been intentionally left blank Annual Meeting Annual Meeting Thursday, May 4, 2017
Slide 12: Note to users - Performance and Non-GAAP Measures
Note to users - Performance and Non-GAAP Measures We use a number of non-GAAP financial measures to measure overall performance and to assess each of our businesses. A financial measure is considered a non-GAAP measure for Canadian securities law purposes if it is presented other than in accordance