Slide 1: Interim Results Presentation: Growing from a firm foundation
INTERIM SEGMENT UNAUDITED CONDENSED ADDITIONAL RESULTS PRESENTATION RESULTS REVIEWS CONSOLIDATED INTERIM DISCLOSURES COMMENTARY FINANCIAL STATEMENTS Growing from a firm foundation Notes: Agenda 01 Overview GROUP CEO Looking Ahead Financial Review GROUP CFO Q&A R E S U LT S PR E S E N TAT I O N GROUP
Slide 2: Execution framework accelerating delivery
INTERIM SEGMENT UNAUDITED CONDENSED ADDITIONAL RESULTS PRESENTATION RESULTS REVIEWS CONSOLIDATED INTERIM DISCLOSURES COMMENTARY FINANCIAL STATEMENTS Execution framework accelerating delivery SIMPLIFY AMPLIFY RECTIFY Strategic Objectives Notes: Notes: Our execution framework Execution framework accel
Slide 3: Execution framework: what we've committed to investors
INTERIM SEGMENT UNAUDITED CONDENSED ADDITIONAL RESULTS PRESENTATION RESULTS REVIEWS CONSOLIDATED INTERIM DISCLOSURES COMMENTARY FINANCIAL STATEMENTS Execution framework accelerating delivery What we've committed to investors Announced Digital platform SIMPLIFY Nedbank unbundling take-up rates for di
Slide 4: Responding to adversity: COVID-19 and civil unrest
INTERIM SEGMENT UNAUDITED CONDENSED ADDITIONAL RESULTS PRESENTATION RESULTS REVIEWS CONSOLIDATED INTERIM DISCLOSURES COMMENTARY FINANCIAL STATEMENTS Old Mutual Shareholder Value Levers Responding to adversity • 46 employees have sadly succumbed to COVID-19 COVID-19 • Care packs provided to our emplo
Slide 5: Recovering market levels boost profitability
INTERIM SEGMENT UNAUDITED CONDENSED ADDITIONAL RESULTS PRESENTATION RESULTS REVIEWS CONSOLIDATED INTERIM DISCLOSURES COMMENTARY FINANCIAL STATEMENTS Recovering market levels boost profitability South Africa – equity market levels (SWIX) Rest of Africa market indices (in local currency) 14 000 150 12
Slide 6: Mass and Foundation Cluster; Personal Finance and Wealth Management
INTERIM SEGMENT UNAUDITED CONDENSED ADDITIONAL RESULTS PRESENTATION RESULTS REVIEWS CONSOLIDATED INTERIM DISCLOSURES COMMENTARY FINANCIAL STATEMENTS Mass and Foundation Cluster Strong recovery in underlying business RFO excluding COVID-19 impacts (Rm) Old Mutual Finance Credit loss ratio (%) 1130bps
Slide 7: Personal Finance and Wealth Management; Old Mutual Investments
INTERIM SEGMENT UNAUDITED CONDENSED ADDITIONAL RESULTS PRESENTATION RESULTS REVIEWS CONSOLIDATED INTERIM DISCLOSURES COMMENTARY FINANCIAL STATEMENTS Personal Finance and Wealth Management Old Mutual Investments Sales activity ramping up Strong recovery in fund performance Funds above benchmark 30 Ju
Slide 8: Old Mutual Corporate and Old Mutual Insure
INTERIM SEGMENT UNAUDITED CONDENSED ADDITIONAL RESULTS PRESENTATION RESULTS REVIEWS CONSOLIDATED INTERIM DISCLOSURES COMMENTARY FINANCIAL STATEMENTS Old Mutual Corporate Old Mutual Insure Subdued economic activity and intensifying competition CGIC rebound but Retail still under pressure RFO excludin
Slide 9: Rest of Africa results impacted by currency
INTERIM SEGMENT UNAUDITED CONDENSED ADDITIONAL RESULTS PRESENTATION RESULTS REVIEWS CONSOLIDATED INTERIM DISCLOSURES COMMENTARY FINANCIAL STATEMENTS Rest of Africa Results impacted by currency performance Execution framework delivering results RFO excluding COVID-19 impacts (Rm) Gross flows (Rbn) RF
Slide 10: Earnings: positive trajectory on key metrics
INTERIM SEGMENT UNAUDITED CONDENSED ADDITIONAL RESULTS PRESENTATION RESULTS REVIEWS CONSOLIDATED INTERIM DISCLOSURES COMMENTARY FINANCIAL STATEMENTS Positive trajectory on key metrics Pandemic impacts inclusive of management actions EARNINGS CAPITAL EFFICIENCY VALUE Net pandemic impact on RFO - R2.5
Slide 11: Capital efficiency: Adjusted Headline Earnings
INTERIM SEGMENT UNAUDITED CONDENSED ADDITIONAL RESULTS PRESENTATION RESULTS REVIEWS CONSOLIDATED INTERIM DISCLOSURES COMMENTARY FINANCIAL STATEMENTS Improvement in Adjusted Headline Earnings Rm H1 2021 H1 2020 % change Results from Operations excluding direct COVID-19 impacts 4,665 4,334 8% Separate
Slide 12: Debt maturity profile and Nedbank unbundling
INTERIM SEGMENT UNAUDITED CONDENSED ADDITIONAL RESULTS PRESENTATION RESULTS REVIEWS CONSOLIDATED INTERIM DISCLOSURES COMMENTARY FINANCIAL STATEMENTS Debt maturity profile Nedbank unbundling Old Mutual debt maturity profile (Rbn) 3.8 Existing issuance Nedbank Pro forma Planned issuance OMLACSA planne
Slide 13: Value of new business and Group Equity Value
INTERIM SEGMENT UNAUDITED CONDENSED ADDITIONAL RESULTS PRESENTATION RESULTS REVIEWS CONSOLIDATED INTERIM DISCLOSURES COMMENTARY FINANCIAL STATEMENTS Value of New Business Group Equity Value VNB (Rm) VNB Margin (%) 355 6.7 +4% 268 101.0 96.8 +7% 2.3 102 68.1 67.0 91 1.7 63.6 58 59 1.0 0.8 0.7 (20) (4
Slide 14: Looking forward: revised medium-term targets
INTERIM SEGMENT UNAUDITED CONDENSED ADDITIONAL RESULTS PRESENTATION RESULTS REVIEWS CONSOLIDATED INTERIM DISCLOSURES COMMENTARY FINANCIAL STATEMENTS Continuing to build our foundation SIMPLIFY AMPLIFY RECTIFY Looking Forward Growing from a firm foundation Notes: Notes: Revised medium-term targets Co
Slide 15: Continuing to build on our foundation
INTERIM SEGMENT UNAUDITED CONDENSED ADDITIONAL RESULTS PRESENTATION RESULTS REVIEWS CONSOLIDATED INTERIM DISCLOSURES COMMENTARY FINANCIAL STATEMENTS Continuing to build on our foundation Our people Committed to Cost savings through South African insurance and Resilient in the customer service saving
Slide 16: Annexure: Nedbank unbundling announced 23 June 2021
INTERIM SEGMENT UNAUDITED CONDENSED ADDITIONAL RESULTS PRESENTATION RESULTS REVIEWS CONSOLIDATED INTERIM DISCLOSURES COMMENTARY FINANCIAL STATEMENTS Nedbank unbundling announced 23 June 2021 2021 unbundling process Stake to be distributed (12.2%) Remaining stake (7.2%) ▪ Expect unbundling to happen