Slide 1: Financial Results for Q2-2012 & 1H-2012
FINANCIAL RESULTS FOR Q2‐2012 & 1H‐2012 1 August 2012
Slide 2: Disclaimer
Disclaimer This presentation may contain forward looking statements by Great Eastern Holdings Limited (“the Company”) relating to the Company’ss (including its group of companies) outlook, Company outlook business and strategy which involve assumptions, assumptions risks and uncertainties. uncertain
Slide 3: Agenda
Agenda Review of Financial Results Tony Cheong, Group CFO Recent Developments Chris Wei, Group CEO Q&A Panel 3
Slide 4: Review of Financial Results
Review of Financial Results 4
Slide 5: Highlights
Highlights Sales • Total weighted new sales Ï 2% YoY to S$372.7m S$372 7m in 1H 1H‐12 12 Long‐term • New business embedded value (NBEV) Ï 8% to S$170.3m Profitability in 1H‐12 of New Sales •Net profit was S$81.4m in Q2‐12, compared to S$117.7m in Earnings Q2‐11 Dividends • Interim dividend of 10 cen
Slide 6: Sales (TWP) – By Market
Sales (TWP) – By Market 1H‐12 weighted sales increased 2% to S$372.7m: • 7% growth in Singapore • Stable performance in Malaysia + 2% 372.7 364.6 + 4% 16.5 21.7 TWP (S$ m) 127.3 128.3 228 8 228.8 204.9 7.3 197.4 190.0 174.6 6.9 175.3 8.9 10.1 11.7 95.6 7.6 77.9 72.2 54.8 73.4 55.1 214.6 228.9 108.1
Slide 7: Sales (TWP) – By Product Mix
Sales (TWP) – By Product Mix 1H‐12 weighted sales increased 2% to S$372.7m • growth in sales of RP products • lower sales of SP endowment products resulting from lack of appropriate underlying investments + 2% 364.6 372.7 ‐ 30% 62.5 89.9 (17%) TWP ( %) (25%) (S$ m) + 13% 310.2 274.6 274 6 (83%) (75%
Slide 8: Long-Term Profitability of New Sales (NBEV)
Long‐Term Profitability of New Sales (NBEV) 1H‐12 NBEV grew by 8% to S$170.3m against 2% growth in weighted sales + 8% 170.3 157.8 3.7 5.0 + 4% 68.6 120.0 NBEV 70.2 2.1 (S$ m) 84.2 87.0 38.5 87.3 83.0 73.6 1.1 2.0 2.5 1.7 2.5 37.5 38.6 30.5 38.1 31.6 98.0 82.6 79.4 43.1 48.4 50.8 47.2 39.5 1H‐11 1H‐
Slide 9: Earnings
Earnings Q2‐12 net profit attributable to shareholders was S$81.4m Earnings significantly affected by weaker k investment i performance f resulting from less favourable market conditions in Q2‐12 343.9 ‐ 31% 276.4 87.3 Net Profit 262.5 50.3 (S$ m) 63.8 158.7 23.6 117.7 302.3 269.2 26.7 68.9 81.4 40.
Slide 10: Summing up - Key Financials
Summing up ‐ Key Financials Summing Up – Key Financials S$ m 1H‐12 1H‐11 ∆ Q2‐12 Q2‐11 ∆ Net Profit 343.9 276.4 24% 81.4 117.7 ‐31% Total Weighted New Sales 372 7 372.7 364 6 364.6 2% 197 4 197.4 190 0 190.0 4% NBEV 170.3 157.8 8% 87.3 84.2 4% Interim dividend of 10 cents per share 10
Slide 11: Thank You
Thank You Great Eastern Life is Great Amamber ofthe OCBC Croup 11