Slide 1: Annual Shareholder Meeting
Annual Shareholder Meeting Full Year Results to 30 September 2017 1 March 2018
Slide 2: Meeting agenda
Meeting agenda • Chairman’s address • Capital raise update • CEO’s address and performance overview • Questions • Board resolutions • General business 2
Slide 3: Chairman's address
Chairman’s address Michael Stiassny Chairman
Slide 4: Chairman's address
Chairman’s address Transformation into digital challenger accelerating • Capital raise successfully completed • Management team focused on accelerating digital challenger brand strategy Ongoing Board refresh • New director, Wendy Thorpe, brings extensive financial and technology experience to the To
Slide 5: Capital raise update
Capital raise update Jeff Wright Chief Financial Officer
Slide 6: Capital position
Capital position Strong take-up by NZ institutions and retail shareholders shows belief in underlying business and strategy CAPITAL RAISE COMPLETED TOWER INSURANCE LIMITED SOLVENCY POSITION • Tower’s Board and management determined additional capital required to PLUS CORPORATE CASH($m) strengthen so
Slide 7: CEO's address & performance overview
CEO’s address & performance overview Richard Harding Chief Executive Officer
Slide 8: Improving business performance
Improving business performance Positive momentum in GWP growth with effective claims management and ongoing expense reduction • Full year loss of $8m for FY17, a $13.5m Key metrics FY17 FY16 improvement on prior year ACHIEVEMENTS Total GWP $312.4m $303.2m GWP growth in core NZ portfolio1 5.8% 1.9%
Slide 9: Clear strategic plan to grow Tower as the leading digital challenger brand
Clear strategic plan to grow Tower as the leading digital challenger brand Challenger Customer Digital brand experience Traditional distribution Personalised price, insurance Setting it right at the moment of truth cover, and service Digital self-service and engagement tools Power to choose when and
Slide 10: Trading update
Trading update Positive trends continue in first few months of the FY18 year Revenue growth is continuing to build on the Update on storms positive momentum seen in FY17 • Tower received approximately 300 claims as a Continued strong GWP and policy growth result of the New Year storms, and based
Slide 11: Questions
Questions
Slide 12: Board resolutions
Board resolutions
Slide 13: Board resolutions
Board resolutions • Resolution 1 Appointment and remuneration of auditor • Resolution 2 Re-elect Steve Smith as a director • Resolution 3 Elect Wendy Thorpe as a director 13
Slide 14: General business
fA TOWER General busines