Momentum Group Limited · JSE:MTM
Momentum — MMI Holdings — H1 2012 Earnings Presentation
45 slides from Momentum's earnings presentation, 2012
Slide 1: MMI Holdings 2012 interim results
7 jy” MMI HOLDINGS 2012 interim results For the six months ended 31 December 2011
Slide 2: Operating environment
Operating environment MI HOLDINGS
Slide 3: External environment
External environment Continued uncertainty JSE all-share index 33 000 > High volatility sone > Market performance 31 000 flat > SA credit outlook spn0 downgraded 29000 - > Regulatory change 28000 = NSSF =" NHI 27000 - = FSB exams = SAM 0000 > Eurozone 25 000 developments Jan 10 Jun 10 Dec 10 Jun 11
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Slide 6: Group strategy
—f Group strategy MMI MI HOLDINGS
Slide 7: Vision
a Vision We will be a leader in meeting financial services needs Group strategy
Slide 8: Strategic pillars
In-depth market knowledge Innovative solutions Strategic pillars Effective Entrepreneurial distribution culture
Slide 9: Group strategy: Mission
Group strategy Mission > Focus on meeting client needs > South Africa, other African countries & selected international markets > Superior shareholder returns
Slide 10: Strategic objectives
Build market- leading businesses Optimise capital management Develop strong client relationships Grow our people Strategic objectives Critical issues Maximise integration benefits Compete in profitable markets
Slide 11: Integration progress
Integration progress > Implementation of integration on track > Integration moved from planning to implementation > Redeployment process optimised > Amalgamation of Momentum & Metropolitan licences - subject to regulatory approvals
Slide 12: R500 million expense savings
R500 million expense savings > Savings opportunities identified per division > Targets set on basis of timing & value > Progress made with relocation & consolidation > Performance continually monitored > Assumptions for future expenses not revised at interim stage
Slide 13: Financial results
Financial results MMII MI HOLDINGS
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Slide 20: Capital management
> SA QIS1 (SAM) completed Capital management > Revised investment mandate for shareholder capital implemented =" reduction in required capital = increased cost of capital > Economic capital models under review > Appropriate capital buffer of R4.0 billion
Slide 21: Shareholder investible assets
Other 31 Dec 2011 assets Za Interest- bearing and cash Shareholder investible assets Equities Properties 31 Dec 2010 Other Equities Properties Interest- bearing and cash
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Slide 26: Momentum Retail
Momentum Retail Operational focus areas > Improve margin on new business > Odyssey integration > Drive operational efficiencies > Implementation of sales & distribution model > Brand awareness > Progress toward embedding client-centricity
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Slide 30: Metropolitan Retail
Metropolitan Retail Operational focus areas > Regulatory exams & compliance > Momentum new markets integration & turnaround > Refocus telemarketing > Systems renewal > Product upgrades & repositioning > Growth of production capacity
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Slide 33: Momentum Employee Benefits
Momentum Employee Benefits Operational focus areas > Sustained sales growth through distribution partnerships > Improve mix & value of new business > Satisfactory new business pipeline > Lower cost of distribution > Improve operational efficiencies through integration > Focus on client retention
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Slide 36: Metropolitan International
Metropolitan International Operational focus areas > Implementation of IT strategy > Brand migration on track > Consolidation of support centres > Country-specific integration plans > Improve business process efficiencies
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Slide 39: Operational focus areas: Momentum Investments
Operational focus areas Momentum Investments > Improve balanced portfolio performance > Client retention > Focus on cohesive investment team > Systems integration on track > Expense management > Brand awareness
Slide 40: Metropolitan Health
Metropolitan Health Strategy To be a leading player in the health industry as well as the preferred provider for public sector & corporate clients plus open schemes in South Africa Product offering > Healthcare administration > Health risk management > Supplementary healthcare products Profit driver
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Slide 42: Metropolitan Health: Operational focus areas
Metropolitan Health Operational focus areas > Implementation of new GEMS model progressing well > Client retention > Momentum Health open scheme growth > Health risk management products and positioning > Response to National Health Insurance
Slide 43: MMI - Key areas of strength
MMI - Key areas of strength > Scale in all businesses > Brand strength across markets > Diversified income streams > Robust capital position > Strong empowerment credentials > Geographic footprint > Committed & experienced team
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