Prudential Plc · LSE:PRU
Prudential — Investor Day (2021)
17 slides from Prudential's investor day presentation, 2021
Slide 1: Investor Day
52 INVESTOR DAY aigiaiain” Welle JANE Biaioiaia WI LT ll ae alg
Slide 2: Forward-looking statements
This document may contain 'forward-looking statements' with respect to certain of Prudential's plans and its goals and expectations relating to its and Jackson’s future financial condition, performance, results, strategy and objectives. Statements that are not historical facts, including statements
Slide 3: Mike Wells, Group CEO
Mike Wells Group CEO
Slide 4: Who we are today
Who we are today Leading pan-Asia & Africa focused life & health insurer and asset manager Why? Who? What? How? Our Purpose 17m customers 175 new products in 2020 Multi-channel distribution We help people get the most out of life We make healthcare Asia Africa Health & Protection insurance c.600k c.
Slide 5: Today's success is built on a strong financial track record
Today’s success is built on a strong financial track record Asia has delivered compounding growth across all metrics New business profit1,2, $m IFRS operating profit1,2, $m 2.2x 4.1x 3,667 10Y CAGR 10Y CAGR 8% 15% 2,201 1,011 895 2010 2020 2010 2020 Embedded value1,3, $bn Operating free surplus gene
Slide 6: Success is underpinned by rising unmet consumer needs
Success is underpinned by rising unmet consumer needs… …with external megatrends creating a long runway for future growth Low levels of insurance cover Significant need for protection Life premiums per capita1, $m Penetration1, % of GDP Out of pocket expenditure4 UK 3,383 UK 8.0 Asia health & protec
Slide 7: The transformation of Prudential
The transformation of Prudential Structural transformation – Unleashing the potential of all our businesses 2015 Future structure – focused on Asia & Africa1 Prudential Corporation Asia Prudential Africa China Access to 83% of GDP & 77% of population2 India Double 2019 NBP in 3 to 4 years Jackson Na
Slide 8: The transformation of Prudential: operational transformation
The transformation of Prudential Operational transformation – Meeting customer needs at scale 2020 Attracting new & younger Millennials customer base New distribution >70m SMEs responsible Business@Pulse SME for >140m jobs1 2015 channels, products & customer segments Affluent / Distinctive HNW Mass
Slide 9: The transformation of Prudential: cultural transformation
The transformation of Prudential Cultural transformation – Drive and pace in innovation Upskilling our Transfer of ideas and employees expertise 175 3,100 35 Pulse sales Level 1 digital & AI training Key digital partnerships2 completed1 New and revamped Rapid deployment 9% of 1Q21 APE4 products of P
Slide 10: Operational management team committed to further transformation
Operational mgt team committed to further transformation You have been watching… Jens Reisch Nini Sumohandoyo Al-Noor Ramji Dennis Tan Nimesh Shah Lilian Ng Wilf Blackburn President Director Sharia, Government Relations Group Chief Digital Officer Chief Executive Officer Managing Director Chief Exec
Slide 11: Building a diversified pan-Asian franchise
Building a diversified pan-Asian franchise Well positioned for long-term profitable growth Operating in Asia since China Pru Asia footprint1 Japan 1923 $251m Top 3 Position in 9 of 13 India7 Korea Taiwan life markets1,2 Top 3 Top 10 7 businesses $85m IFRS earnings >$250m9 Myanmar Hong Ko
Slide 12: The new opportunity set for Prudential
The new opportunity set for Prudential An exciting future following the transformation • China – Broaden & deepen our footprint & capture opportunity presented by the GBA • India – Leverage market-leading businesses to expand our presence • South East Asia – Enhance product & distribution capabiliti
Slide 13: Key objectives
Prudential plc Key objectives Delivering Profitable Growth & Social Impact Our Objectives Grow NBP substantially > GDP and sustained double-digit growth in EVPS Digitising Develop capacity to reach Products, Services & Experiences 50M customers by 2025 Become net zero by 20501 Humanising Our Company
Slide 14: Mike Wells, Group CEO
Mike Wells Group CEO
Slide 15: Investment case – exclusive focus on Asia & Africa
Prudential plc Investment case – exclusive focus on Asia & Africa Core characteristics Distinctive shareholder proposition Business model aligned to structural growth levers 1 Diversification across Asia 2 & Africa with H&P focus Focus on high Resilient, predictable & Modern multi-channel return H&P
Slide 16: Q&A
Q&A
Slide 17: Panel
Panel