Amp Limited · ASX:AMP
Amp — Investor Day (July 2025)
55 slides from Amp's investor day presentation, Jul 21, 2025
Slide 1: AMP Limited Investor Session Presentation
ASX Release 21July 2025 AMP Limited Investor Session Presentation Attached is a copy of the presentation that will be delivered at AMP Limited’s Investor Session this afternoon. The event will take place from 2.00pm – 4.00pm. Please register to view the event here: AMP Investor Session 2025 Media en
Slide 2: AMP Investor Session
For personal use only AMP Investor Session 21 July 2025
Slide 3: Acknowledgement of First Nations Peoples
For personal use only AMP acknowledges all First Nations Peoples across Australia. We recognise the Traditional Custodians of the land and value the connection to Country, waterways and sky. We pay our respects to the Elders for their resilience, courage and wisdom; for ensuring the survival of this
Slide 4: Agenda
Agenda For personal use only 1 2 AMP Strategy Retirement solutions 3 4 Platforms Superannuation & Investment 5 6 Summary Q&A 3
Slide 5: AMP strategy
For personal use only AMP strategy Alexis George, CEO
Slide 6: AMP ready for the next phase of growth
AMP ready for the next phase of growth Delivered on our commitments to reposition AMP; now building on our challenger brand mindset For personal use only 2021 2023 Sale of AMP Capital’s Sale of AMP Capital’s 2025 and beyond infrastructure debt infrastructure equity and platform to Ares, and real est
Slide 7: AMP's portfolio
AMP’s portfolio Rebalanced towards wealth management Operating business units For personal use only $107m $67m $72m $37m FY 24 NPAT FY 24 NPAT FY 24 NPAT FY 24 NPAT Platforms Super & Investments AMP Bank NZ Wealth Management A leading provider of super, Superannuation and pension A digital-focused c
Slide 8: Positioned to lead in retirement in Australia
Positioned to lead in retirement in Australia Identifying opportunities for our businesses to work together to enhance retirement outcomes for more Australians For personal use only Platforms Super & Investments AMP Bank #3 wrap platform for super & pension1 580,000 members, $58bn in AUM A digital-f
Slide 9: Retirement: Reimagined
For personal use only Retirement: Reimagined
Slide 10: Australia's population is ageing
Australia’s population is ageing Helping more Australians retire with confidence and live a dignified retirement for longer is critical Retirees continue to grow as a proportion of the population For personal use only Number of retirement age people per 100 working age people1 33 30 25 4.2 million 7
Slide 11: Australians are among the world's wealthiest
Australians are among the world’s wealthiest Superannuation continues to grow in importance1 Retiree wealth largely held in family home and super1 AUM by year ($t) Australia’s superannuation Household wealth Retirees who don’t For personal use only 8.6% savings pool is the world’s is majority held i
Slide 12: Despite this significant wealth, 80% of retirees unable to retire comfortably
Despite this significant wealth 80% For personal use only of Australian retirees are unable to enjoy a comfortable retirement ASFA Retirement Standard, AMP Analysis of ABS Survey of Income and Housing Confidentialised Unit Record File & Treasury, Retirement Phase of Superannuation Discussion Paper
Slide 13: Australians are uncertain about retirement
Australians are uncertain about retirement Navigating a complex system, often without financial advice, drives uncertainty amongst pre-retirees and retirees For personal use only Asset accumulation: Income generation: Accessible advice: The journey to retirement Fear of running out Navigating retire
Slide 14: Opportunity to solve for Australians
Opportunity to solve for Australians Helping more Australians retire with confidence and live a dignified retirement For personal use only Asset accumulation: Income generation: Accessible advice: The journey to retirement Fear of running out Navigating retirement is uncertain in retirement is compl
Slide 15: Retirement Solutions
For personal use only Retirement Solutions Ben Hillier, Director Retirement
Slide 16: Lifetime solutions: full market coverage
Lifetime solutions: full market coverage A more sophisticated offer for advised clients on North; a simpler, direct-to-member offer in S&I For personal use only MyNorth Lifetime: Optimised for advised AMP Super Lifetime: Optimised for members, providing unique and members with simpler needs, either
Slide 17: Lifetime: New hybrid solutions
Lifetime: New hybrid solutions Combining the benefits of annuities and account-based pensions For personal use only Account-based AMP’s Lifetime Traditional AMP has reimagined retirement solutions, pension solutions annuity combining the most compelling features of Tax-free retirement an account-bas
Slide 18: Lifetime benefits to clients
Lifetime benefits to clients A market-linked retirement solution that provides income for life and improves eligibility for the Age Pension For personal use only Fear of Running Out is real – retirees Market-linked is critical Centrelink eligibility is important to need a longevity solution mass aff
Slide 19: How does AMP pay income for life?
How does AMP pay income for life? Without requiring investor capital and still paying high rates of income For personal use only Investment risk is mitigated by Individual longevity risk is market-linking the incomes overcome by pooling Members who die earlier than average We do not need to guarante
Slide 20: Introduction to Centrelink Age Pension
Introduction to Centrelink Age Pension AMP is focused on the mass affluent segment of the market: typically pre-retirees who can benefit the most from the Lifetime solutions For personal use only 63% of Australians over 65 Most Australians are impacted Access to benefits in retirement receive income
Slide 21: Lifetime Super Centrelink advantage
Lifetime Super Centrelink advantage Lifetime Super asset test discount For personal use only Without Lifetime Super With Lifetime Super Asset test = full balance Asset test = 60% of deemed ‘purchase amount’ Actual balance remains unchanged x 100% Full balance is assessed by Lifetime Super is a defer
Slide 22: Lifetime Super case study: part 1
Lifetime Super case study: part 1 Lifetime Super asset test discount age 50 to 65 For personal use only David and Peta, aged 50 with a combined balance of $500k in Balance grows with contributions superannuation and salary of $120k. and investment earnings $2,000,000 By the time they reach retiremen
Slide 23: Lifetime Super case study: part 2
Lifetime Super case study: part 2 A further discount at retirement due to a withdrawal For personal use only At age 65 just before retirement At age 65 after retiring At age 65, David and Peta retire and are from previous slide 50:50 allocation to Lifetime and ABP advised to transfer $1m from Lifeti
Slide 24: New and improved MyNorth Guarantees
New and improved MyNorth Guarantees Another compelling differentiator for North For personal use only Potential range of return outcomes A growth fund provides maximum Impact 1 1 of fee upside potential but exposes investors to deeper downside risk. Investors could move to a lower risk 2 2 portfolio
Slide 25: MyNorth Guarantees
MyNorth Guarantees A superior alternative to derisking investments leading up to retirement For personal use only 1.25% 8.6% 7.35% VS 2 6.2% negative 0 years negative 1 years negative year Median Minus Growth Median growth Guarantee returns with moderate returns fees Guarantee returns MyNorth Guaran
Slide 26: MyNorth Guarantee: Case Study
MyNorth Guarantee: Case Study Client can access Client receives their ‘available the full protected $1,200,000 balance at value’ if they For personal use only maturity Client's balance terminate prior to 5 $1,100,000 ‘locks in’ annually on maturity their anniversary (vesting feature $1,000,000 date
Slide 27: Industry recognition
Industry recognition For personal use only 26
Slide 28: North
For personal use only North Edwina Maloney, Group Executive, Platforms $107m FY 24 NPAT
Slide 29: North at a glance
North at a glance North is one of Australia’s leading investment and retirement platforms, designed to help advisers grow their business by helping their clients prepare for and live well in retirement For personal use only $83.2 bn 4,211 Total funds under administration Active advice relationships
Slide 30: Market opportunity in retirement
Market opportunity in retirement North is well positioned to take advantage of the large and growing market opportunity in retirement For personal use only Growing platforms ‘Super and Pension’ market Our target segments: Platforms market up 10% in the last 12 months to • Pre-retirees and retirees $
Slide 31: A complex retirement system requires advice to navigate
A complex retirement system requires advice to navigate Australians recognise the value of receiving advice – however most are unable to access affordable advice Over 12,000 advisers have left the sector since 2018 For personal use only Financial adviser numbers have stabilised, with the vast Advise
Slide 32: Vision and value proposition
Vision and value proposition For personal use only Our To be the easiest platform for advisers to do business with while vision differentiating through market leading retirement solutions Our value North: Powering advisers to inspire clients to prepare well and thrive in retirement proposition Our p
Slide 33: Opportunity to solve for everyday Australians
Opportunity to solve for everyday Australians Helping more Australians retire with confidence and live a dignified retirement For personal use only Asset accumulation: Income generation: Accessible advice: The journey to retirement Fear of running out Navigating retirement is uncertain in retirement
Slide 34: MyNorth Lifetime
MyNorth Lifetime $600m AUM held on North by 2,000 Lifetime clients, 75% are new to North For personal use only Why advisers like the solution How advisers are using it Overcome clients’ Full investment Fear Of Running Out, flexibility and choice allowing clients to aligning to individual safely incr
Slide 35: MyNorth Managed Portfolios
MyNorth Managed Portfolios North’s suite of managed portfolio options enable advice at scale For personal use only North Managed Portfolio FUM ($bn) $21.8 $10.5 BUY BADGE BUILD BLEND A curated menu of A customised menu A bespoke portfolio Badged managed quality portfolios, of managed series designed
Slide 36: Driving adviser efficiency
Driving adviser efficiency North enables the delivery of more advice to more Australians, via leading advice enablement software to drive adviser efficiency For personal use only Managed Portfolios Saving advisers and support staff 24 hours per week1 Innovative AI tools AI file note assistant saves
Slide 37: Adviser growth base
Adviser growth base North’s productive adviser base continues to grow, with an opportunity of over 8,000 non-North users Advisers with > $1m on North Advisers using North and the addressable market1 For personal use only >$1m FUA advisers with Positive Cashflow 1,450 Advisers on North >$1m 2,213 1,3
Slide 38: Cashflow growth
Cashflow growth Following the Advice transaction, North continues to experience cashflow growth with the Akumin network, while significantly improving cashflows with other advisers For personal use only Net cashflow (excl. pension payments) ($m) Akumin network Other advisers 1538 1296 1105 946 860 7
Slide 39: Superannuation & Investments
For personal use only Superannuation & Investments Melinda Howes, Group Executive, S&I $67m FY 24 NPAT
Slide 40: Superannuation at a glance
Superannuation at a glance AMP Super helps more people over their lifetime achieve the best possible retirement outcome For personal use only $58bn 580,000 Total assets Member accounts $24bn 141,000 In MySuper representing Choice members with the Lifetime 42% of assets Super feature already enabled
Slide 41: Market dynamics
Market dynamics Tailwinds for industry growth, with increasing member & regulator expectations creating opportunities for AMP For personal use only Mandated growth: Still a Member service: Digital Cyber security needs retirement income gap capabilities are critical investment & capability 60% of ret
Slide 42: Value proposition for AMP Super members
Value proposition for AMP Super members Through innovation, simplification & key partnerships, AMP Super has transformed into a leading offer Core offer: Value add: Differentiators: For personal use only Strong investment returns, High quality insurance Lifetime, Digital Advice, competitive fees mem
Slide 43: Focus on value chain efficiency
Focus on value chain efficiency Quicker delivery of improved member outcomes and experiences For personal use only Assess and optimise Improving member outcomes and experiences Partner for services Improving speed to market of enhanced offering Drive service efficiency Delivering where members want
Slide 44: Workplace partnerships
Workplace partnerships AMP Super’s heritage is corporate super – decades of expertise and a strong value proposition For personal use only The nature of workplace engagement is changing particularly for small to medium enterprises Since August 2024 we have been progressively rolling out services
Slide 45: Opportunity to solve for middle Australia
Opportunity to solve for middle Australia Helping more Australians retire with confidence and live a dignified retirement For personal use only Asset accumulation: Income generation: Accessible advice: The journey to retirement Fear of running out Navigating retirement is uncertain in retirement is
Slide 46: AMP Super Lifetime
AMP Super Lifetime Traditionally only available through advisers - now accessible to all members* For personal use only Lifetime feature automatically applied to 141,000 Choice members* with $34bn FUA having the feature MySuper members can opt in to Lifetime feature No fees to switch the feature on,
Slide 47: How Lifetime works
How Lifetime works Utilising Centrelink concession rules to reduce the amount of super counted in the Age Pension asset test For personal use only Once activated: in the background, it creates a ‘concessional’ balance. Member’s actual super balance is unaffected. This ‘concessional’ balance uses the
Slide 48: Differentiating through digital advice
Differentiating through digital advice Publicly available calculator to drive interest in AMP Super & Lifetime feature Accelerated growth through digital advice interactions For personal use only 7,977 1,688 1,777 1H 24 1H 25 Phone advice Digital advice 12x more members accessing digital retirement
Slide 49: Cashflows reaching neutral
Cashflows reaching neutral Member retention has been the focus, now shifting to growth Net cashflows For personal use only (excl pension payments and 2023 mandate loss of $4.3bn) ($m) Net cashflows trending towards neutral with positive net cashflows in 2Q 25. This reflects: 1H 23 2H 23 1H 24 2H 24
Slide 50: Summary
For personal use only Summary Alexis George, CEO
Slide 51: Building cashflow momentum
Building cashflow momentum Positive momentum in Platforms cashflow Superannuation & Investments on pathway to sustainable positive flows For personal use only • Strong cashflows from existing North advisers and new adviser activations • Positive net cashflows for 2Q 25, for the first time since 2017
Slide 52: We are helping Australians retire better
We are helping Australians retire better For personal use only Successfully repositioned the group with a focus on wealth – to reduce complexity and create value Point of difference with AMP brand and innovative solutions to support position as retirement specialist Significant market opportun
Slide 53: Q&A
For personal use only Q&A
Slide 54: Important information
Important information This presentation has been prepared by AMP Limited (ABN 49 079 354 519) (“AMP") and is general background information about AMP and its activities current at the date of this presentation, which may be subject to change. It is information in summary form and does not purport to
Slide 55: For personal use only
For personal use only