Allianz Se · XETR:ALV

Allianz — Shareholder Meeting (May 2017)

16 slides from Allianz's shareholder meeting presentation, May 3, 2017

  1. Slide 1: Report of the CEO

    Report of the CEO Oliver Bäte Munich, May 3, 2017

  2. Slide 2: Key messages 2016

    Financial year 2016 Key messages 2016  Strong in core business: Allianz delivered a strong performance in 2016 despite the difficult environment  Engaged in change: implementation of Renewal Agenda accelerates  Attractive for shareholders: total return in 2016 was significantly above peers. In ad

  3. Slide 3: Strong performance of Allianz in a difficult environment

    Financial year 2016 Strong performance of Allianz in a difficult environment Difficult environment Strong performance Market Operating profit Solvency II capitalization volatility EUR 10.8 bn 218% Ultra-low rates Shareholders‘ net income RoE2 EUR 6.9 bn (+4.0%) 12.0% Regulation Political Dividend1 p

  4. Slide 4: All segments contribute to a successful year

    Financial year 2016 All segments contribute to a successful year  Solid internal growth of 3.1%  PIMCO with new top team and strong investment performance  CoR 94.3% close to target RoE  PIMCO positive net flows of  New management team in LatAm: improvement of OP EUR +11bn in 2H P/C13.1% by EUR

  5. Slide 5: Implementation of Renewal Agenda accelerates

    Financial year 2016 Implementation of Renewal Agenda accelerates Examples  55% of entities have customer satisfaction ratings (NPS) above market (2015: 50%)  Introduction of Customer Experience methodology in 24 entities  Leadership index further improved from 68% to 70% Inclusive Digital  Succe

  6. Slide 6: Sustainability continues to be important

    Financial year 2016 Sustainability continues to be important Achievements and… … examples of acknowledgments Environment Environment Renewable energy Energy consumption investments [EUR bn] [GJ per employee] +254% -20% Gold Class 4.61 22.0 1.3 17.7 2011 2016 2011 2016 Social Governance Top 3% (Sekto

  7. Slide 7: All value levers further strengthened in 2016

    Financial year 2016 All value levers further strengthened in 2016 Elements Highlights 2016 5% EPS growth 4% organic EPS growth, despite special challenges Upside Renewal Agenda Digital investments help drive NPS (NPS +5%-p) potential Scale benefits > EUR 100bn alternative assets 50% payout with ratc

  8. Slide 8: Attractive dividend policy

    Financial year 2016 Attractive dividend policy1 Allocation of shareholders‘ net income Growth financing 2017: Regular dividend – Flexible reduction First share with ratchet2 50% 50% of excess capital buy back of EUR 3bn Supports ratchet, if necessary © Allianz SE 2017 1) This dividend policy may be

  9. Slide 9: Successful Allianz contributes to all stakeholders

    Financial year 2016 Successful Allianz contributes to all stakeholders In EUR bn  Number of customers: ~86mn  Customer satisfaction: Customers 55% above market 106.0 average (NPS)  AA-Rating  Dividend  Number of employees:  Share buy Share- ~140k in more than 70 Employees back holders countrie

  10. Slide 10: Investors' view: perceived strengths further improved

    Financial year 2016 Investors’ view: perceived strengths further improved … Strengths1 2015 2016 Driver (% of responses) Market 35% 36%  Scale up of entities positioning 16%  Targeted use of brand Brand  Continuous business 24% success 12% 15%  Digital factories running Digitalization 4% 25% 24%

  11. Slide 11: … and weaknesses clearly reduced

    Financial year 2016 … and weaknesses clearly reduced Weaknesses1 2015 2016 Driver (% of responses)  New leadership 48%  Strong investment PIMCO 30% performance 18%  Positive net flows  Modification of Life 36% business Low rates 30%  Sale of Korea 24%  Build up of Alternative Assets German Lif

  12. Slide 12: Total return significantly better than index

    Outlook 2017 Total return significantly better than index 2012 2013 2014 2015 2016 2017 YTD +199% ∆ +34%-P Allianz1 compared to STOXX Europe 600 Insurance Index +165% Annual performance + 10.1%-P – 4.1%-P – 7.0%-P + 12.6%-P + 4.7%-P + 17.5%-P © Allianz SE 2017 vs. index 1) Total return incl. dividen

  13. Slide 13: Operating profit: EUR 10.8bn +/– EUR 500mn; outlook confirmed

    Outlook 2017 Operating profit: EUR 10.8bn +/– EUR 500mn; outlook confirmed Operating profit1 in EUR bn Corporate/ P/C L/H AM Consolidation Group High 5.6 4.3 2.6 -0.7 11.3 1Q/2017: Operating Midpoint 5.3 4.0 2.3 -0.8 10.8 profit of EUR 2.9bn Low 5.0 3.7 2.0 -0.9 10.3 © Allianz SE 2017 1) 2016 figure

  14. Slide 14: Environment continues to be challenging

    Outlook 2017 Environment continues to be challenging Challenges (examples) FinTechs/ Low rates/ Increasing Politics new market volatility regulation USA competitors Growing Free trade Instability in Solvency II populism in danger the Middle East Digitali- Quo Vadis, Mass Brexit zation EU immigration

  15. Slide 15: We prepare our employees for the change

    Outlook 2017 We prepare our employees for the change Examples ► Investments in training of our employees: EUR 93mn (+9.1% compared to 2015) ► Focus areas: IT, digitalization, customer centricity, new leadership skills ► Identification of the consequences of digitalization and ensuring that people ar

  16. Slide 16: Disclaimer

    Disclaimer These assessments are, as always, subject to the disclaimer provided below. Forward-looking statements The statements contained herein may include prospects, statements of extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates future expectations and other f

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