Helvetia Baloise Holding Ag · SIX:HBAN
Helvetia Baloise — ZKB Swiss Equity Conference 2023
16 slides from Helvetia Baloise's conference presentation, Nov 1, 2023
Slide 1: Investor presentation
Investor presentation Annelis Lüscher Hämmerli Group CFO Helvetia ZKB Swiss Equity Conference 1 November 2023
Slide 2: Disclaimer
Disclaimer Disclaimer: Analyst presentation NEITHER THIS DOCUMENT NOR ANY PART OR COPY OF IT NOR THE INFORMATION CONTAINED IN IT AND ANY RELATED MATERIALS MAY BE TAKEN OR TRANSMITTED INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR DISTRIBUTED OR REDISTRIBUTED, DIRECTLY OR INDIRECTLY, IN THE UN
Slide 3: Helvetia at a glance: A European insurance group anchored in Switzerland
Helvetia at a glance: A European insurance group anchored in Switzerland with a strong international footprint Net income Combined ratio • International insurance group (2022 in CHF million) (2022 in %) • Products across life and non-life insurance and reinsurance 480 94.3 • New fee business models
Slide 4: Investment story: Sustainable value creation through a strong core insurance business
Investment story: Sustainable value creation through a strong core insurance business and attractive growth opportunities Sustainably growing dividends Resilience based on financial strength and diversification Proven ability to seize growth opportunities 4
Slide 5: Sustainably growing dividends per share with an exceptional track record
Sustainably growing dividends per share with an exceptional track record Sustainable and reliable dividend policy CAGR 5.9 +5.7% 5.5 Continuous 5.0 5.0 dividend 4.8 5.5% 4.6 increase 4.2 3.8 3.5 3.6 3.4 Profitable growth 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Dividend per share (CHF)
Slide 6: Attractive dividends based on steady operating cash production
Attractive dividends based on steady operating cash production driven by a strategy focused on profitable growth Increasing operating cash production based on growing core business in non-life Non-life business volume 6.7 6.6 (in CHF billion) Continuous dividend 5.4 increase 4.7 4.4 4.1 Profitable N
Slide 7: Helvetia is characterised by fourfold diversification
Helvetia is characterised by fourfold diversification in terms of regions, business fields, income streams and customer segments Business Income Customer Regions fields1 streams segments Switzerland 4% Private 7% Premiums customers 35%1 20% Europe 68% Investment SME returns customers 46%1 Non-life (
Slide 8: Broad and flexible business setup with the ability to capitalise on growth
Broad and flexible business setup with the ability to capitalise on growth and value potential Segment Market growth trends Main growth drivers and initiatives Non-life Switzerland • Customer convenience Life Fee business • Distribution channels ➢ Online insurer Smile 1 Non-life Europe Life • Fee bu
Slide 9: Scaling Smile brings new sources of profitable growth
1 Scaling Smile brings new sources of profitable growth in the promising area of online insurance Targeting strong growth in Switzerland… …and scaling a profitable asset internationally ~2x ~300,000 No. of customers ● Internationalisation of Smile ~150,000 in Switzerland across Europe 2020 2025 ● Co
Slide 10: Increase in capital-light fee income streams driven by ecosystem 'Health and care' in Spain
2 Increase in capital-light fee income streams driven by ecosystem 'Health and care' in Spain Fee and commission income (in CHF million) 351 Health care: Operating 9 hospitals 80 with more than 1 million 168 88 patients p.a. in Spain 226 67 Elderly care: Operating 23 retirement homes in Spain 159 18
Slide 11: Specialty Lines CH / International: Continuously pursuing growth opportunities
3 Specialty Lines CH / International: Continuously pursuing growth opportunities in attractive specialty niches Increasingly diversified portfolio… …demonstrating strong profitable growth (in % of business volume 20221) (Business volume1 in CHF million) 530 560 453 9% 3% Engineering 343 2% Marine 27
Slide 12: Key figures HY 2023: Well on track in terms of updated financial targets 2025
Key figures HY 2023: Well on track in terms of updated financial targets 2025 Return on equity1 ✓ On track Fee and commission income ✓ On track Business volume $ (in CHF million) (in CHF million) 10.0% 13.1% CHF >450 million p.a. +6.0% 14% Target range (HY basis not annualised) (at constant fx) 11%
Slide 13: Key figures HY 2023: Ongoing excellent capitalisation supports dividend payout
Key figures HY 2023: Ongoing excellent capitalisation supports attractive ambition on dividend payout Cost efficiencies ✓ On track (in CHF million) CHF 100 million Dividend distribution Net economic dividend (in CHF million) capacity (NEDC) 91 (as of 31/12/2022) CHF >1.65 billion ✓ On track CHF 0.8
Slide 14: Solid position in view of a challenging market environment and new accounting rules
Solid position in view of a challenging market environment and new accounting rules Counterbalancing a challenging non-life market Transition to IFRS 17/9 almost complete – financial environment position remains strong • Above-average frequency of mid-sized claims • First results in accordance with
Slide 15: Wrap-up: Sustainable value creation through a strong core insurance business
Wrap-up: Sustainable value creation through a strong core insurance business and attractive growth opportunities Sustainably growing dividends Resilience based on financial strength and diversification Proven ability to seize growth opportunities 15
Slide 16: Calendar and contact
Calendar and contact Important dates − 11/04/2024 Publication of full-year results 2023 − 24/05/2024 Annual General Meeting 2024 Contact details Investor Relations Helvetia Group Dufourstrasse 40 9001 St.Gallen Switzerland investor.relations@helvetia.ch Philipp Schüpbach Rachael Burri Head of Invest
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