Hansard Global Plc · LSE:HSD
Hansard Global — H1 2021 Earnings Presentation
21 slides from Hansard Global's earnings presentation, 2021
Slide 1: 2021 Financial Year Half Year Results
2021 FINANCIAL YEAR HALF YEAR R E S U LT S
Slide 2: Disclaimer and forward-looking statements
This presentation does not constitute an invitation to subscribe for or otherwise to acquire or dispose of shares in Hansard Global plc. This presentation may contain forward-looking statements with respect to certain of the plans and current goals and expectations relating to the future financial c
Slide 3: Agenda
AGENDA Introduction & Overview Our Business Strategy Results H1 2021 * Summary * First six months of financial year ending 30 June 2021 2
Slide 4: Resilient Performance
RESILIENT PERFORMANCE New Business of Results and operations £76.3m PVNBP resilient to Covid-19 (H1 2020: £80.1m) challenges IFRS profit before Japan proposition on– tax of £2.9m track for Spring launch (H1 2020: £2.6m) with first distribution partner Assets under Administration Interim dividend of
Slide 5: Our Business Strategy
Introduction & Overview Our Business Strategy Results H1 2021 Summary 4
Slide 6: Implementing Our Growth Strategy
IMPLEMENTING OUR G RO W T H S T R AT E G Y SHORT TERM (WITHIN 12 MONTHS) MEDIUM TERM (12-24 MONTHS) LONG TERM (24+ MONTHS) • Japanese proposition to be launched • Expansion of Japanese • Extension of Japan-style with first distribution partner proposition to additional Japanese proposition outside J
Slide 7: Japan Route to Launch
J A PA N ROUTE TO LAUNCH RECENT PROGRESS ROUTE TO LAUNCH POST LAUNCH BUILD • Japanese regulatory approval received for new product filing • Distribution partner’s Board to • Distribution agreements with • New IT system developed and ready for the new product approve launch date and sign additional d
Slide 8: Building New Business
BUILDING NEW BUSINESS We are pleased how new business held up despite the pandemic. We rolled out initiatives to help policyholders and distributors through the crisis: • Re-explained policy flexibility to policyholders in difficulty • Special offers for new policies H1 21 v H1 20 • Working closely
Slide 9: Marketing: Guiding Clients and Distributors Digitally Through the Pandemic
MARKETING G U I D I N G C L I E N T S A N D D I S T R I B U TO R S D I G I TA L LY T H RO U G H T H E PA N D E M I C • New Business initiatives promoted to our 1,400-strong Driving New database of sales advisors in Business key regions and numerous languages via targeted digital campaigns. Virtual E
Slide 10: Hansard Europe Litigation
H A N S A R D E U RO P E L I T I G AT I O N Group action in Italy related to illiquid assets - expected to be substantially covered by insurance. Litigants considering next steps in large appeal case in Belgium after Supreme Court case on statute of limitations supported Hansard’s defences. Insuranc
Slide 11: Results H1 2021
Introduction & Overview Our Business Strategy Results H1 2021 Summary 10
Slide 12: Results Summary
R E S U LT S H1 2021 Summary Results H1 2021 H1 2020 New business sales – PVNBP £76.3m £80.1m IFRS profit before tax £2.9m £2.6m Operating cash surplus £11.5m £11.1m Assets Under Administration £1,167m £1,080m Value of In-Force 1 £149.9m £135.7m Interim dividend per share 1.8p 1.8p 1 Regulatory (sol
Slide 13: Results: New Business
R E S U LT S H1 2021 New Business H1 2021 H1 2020 Sales resilient across Present Value of New Business Premiums £m £m each of our regions despite the Regular premiums 49.6 51.6 challenges of Covid-19. Single premium 26.7 28.5 PVNBP 76.3 80.1 Plan to address the improvement of new business margins re
Slide 14: Results: 5 Year Trend in Assets under Administration
R E S U LT S H1 2021 Assets under Administration 5 year trend 1200 Hansard International 1000 continues positive 1,074 800 927 975 upward trend. 866 AuA £M 827 Hansard Europe closed 600 to new business in 2013. 400 200 0 174 160 110 105 93 2017 2018 2019 2020 2021 Financial Year Hansard Internationa
Slide 15: IFRS Abridged Income Statement
R E S U LT S H1 2021 IFRS - Abridged income statement H1 2021 H1 2020 £m £m Fees and commissions HI income resilient in face of impact of Covid-19. - Hansard International 21.3 21.2 HE continues to run-off - Hansard Europe 1.6 1.8 its business having closed in 2013. 22.9 23.0 Investment and other in
Slide 16: IFRS Abridged Balance Sheet
R E S U LT S H1 2021 IFRS - Abridged balance sheet 31/12/20 31/12/19 £m £m Deferred origination costs 123.7 120.8 Other assets 15.6 13.5 Shareholder cash and bank deposits 59.0 59.9 Total assets 198.3 194.2 Deferred income 139.7 135.1 Other payables 33.5 32.8 Total liabilities 173.2 167.9 Net assets
Slide 17: Cash Flows
R E S U LT S H1 2021 Cash Flows H1 2021 H1 2020 £m £m Operating cash surplus for Operating cash surplus 11.5 11.1 half-year ended 31 December Interest and other income 0.2 0.5 14 11.5 12 Cash inflow from operations 11.7 11.6 10 Investment in new business (8.3) (10.2) £m 8 6 Capital expenditure (1.9)
Slide 18: Cash Liquidity
R E S U LT S H1 2021 Cash Liquidity Group cash and deposit balances as at 31/12/20 31/12/19 31 December £m £m 80 70 59.0 60 50 Total Group cash and deposit balances 59.0 59.9 £m 40 30 Less net shareholder payables (4.6) (3.6) 20 10 Less policyholder claims payable (23.2) (23.4) 0 2016 2017 2018 2019
Slide 19: Own Funds
R E S U LT S H1 2021 Own Funds Own Funds Own Funds 31/12/20 31/12/19 £m £m Value of In-Force 149.9 135.7 Risk Margin (29.7) (22.2) Net Worth 29.2 28.0 Total Own Funds 149.4 141.5 Own Funds per share: 109p (31/12/19: 106p). Note: 31/12/20 figures reflect amounts for the full Hansard Group whereas the
Slide 20: Summary
AGENDA Introduction & Overview Our Business Strategy Results H1 2021 Summary 19
Slide 21: Summary
S U M M A RY IFRS IFRS profit before tax of Continued resilient financial Japan development £2.9m (H1 20: £2.6m) and operational position progressing well despite challenges of Covid-19 1.8p First stage of new IT Interim dividend of 1.8p systems delivered to per share maintained support Japan launch