Sagicor Financial Co. Ltd. Class A · TSX:SFC
Sagicor Financial Co. Ltd. Class A — Merger or Acquisition (August 2022)
15 slides from Sagicor Financial Co. Ltd. Class A's merger presentation, August 2022
Slide 1: Sagicor Financial Company Ltd. to Acquire ivari
Sagicor Financial Company Ltd. (TSX: SFC) to Acquire ivari August 2022
Slide 2: Caution regarding forward-looking information and non-IFRS measures
Caution regarding forward-looking information and non- IFRS measures Non-IFRS Measures The Company reports certain non-IFRS measures that are used to evaluate the performance of its businesses and the performance of their respective segments. As non-IFRS measures generally do not have a standardized
Slide 3: Transaction summary
Transaction summary1 ▪ ivari is a leading middle-market individual life insurer in Canada focused on the universal and term life Sagicor to markets Acquire ▪ Expected purchase price of C$325 million; prior to closing ivari is expected to have additional equity capital ivari injected into the busines
Slide 4: ivari: strong Canadian life insurance franchise
ivari: strong Canadian life insurance franchise ▪ Provides insurance and investment products and services to Invested Asset Mix customers in the profitable high growth middle market in Canada (C$9.9 billion) ▪ Leader in individual universal and term life insurance ▪ Long-standing and growing distrib
Slide 5: Strengthening Sagicor's position as a leading life insurer
Strengthening Sagicor’s position as a leading life insurer1 Current ▪ xx US$133 million 20% Income 27% 27% ✓ 36% SLI ▫ xx SLI ivari Net SUSA 1 Geographic Diversification 27% 37% Pro-Forma SGJ 26% SGJ SUSA US$173 million Universal Life New Paid Premium (UL) Efficient operating platform, ✓ 2nd 11% Lea
Slide 6: Geographic diversification into Canada
Geographic diversification into Canada 11% 24% Current SLI SLI US$10.4 billion 16% Total 42% SUSA SGJ 53% 73% Assets ivari Canada + USA 34% Pro-Forma 20% SGJ US$21.3 billion SUSA 22% Current 17% 22% SLI US$2.4 billion SLI ivari 47% 58% Revenue SUSA 24% Canada + USA 31% Pro-Forma SGJ 36% SGJ US$3.0 b
Slide 7: ivari is well positioned for continued growth
ivari is well positioned for continued growth Strong Track Record of Growth ▪ Leader in universal life ranking second with 26% market share1 ivari New Paid Premium (Universal Life)2 ▪ Focused on business lines where it has scale and sustainable profits +11% CAGR ▪ Strong track record of adding and r
Slide 8: Added scale and enhanced credit quality
Added scale and enhanced credit quality Significantly Increases Scale Enhances Credit Quality Investment Portfolio1 Investment Portfolio – Debt Securities +91% 17% Non- Investment Grade US$16.4bn 83% Investment Grade US$8.6bn Current Pro-Forma Pro-Forma2,3 ivari has a large asset base consisting pri
Slide 9: Financially compelling acquisition
Financially compelling acquisition1 Sources and Uses Strong Returns C$365 million 25%+ EPS Accretion3 Total consideration2 Funded by Approximately Double Digit 80% Debt and 20% Cash BVPS4 Accretion Figures do not reflect potential upside from synergies Maintain Strong Capital Outstanding IRR Transac
Slide 10: Strategically and financially attractive acquisition
Strategically and financially attractive acquisition 2 2 2 2 Leading Canadian Enhanced Geographic Financially Insurer Primed for Investment Diversification Compelling Growth Portfolio ▪ Adds new geographic ▪ Provides a market leading ▪ Nearly doubles size of ▪ Expected to be presence in a large, wel
Slide 11: About Sagicor
About Sagicor
Slide 12: Sagicor investment highlights
Sagicor investment highlights Diversified operations with solid market-leading positions in the Caribbean and a fast-growing US business Significant growth opportunities both organic and inorganic Established track record of robust growth driving consistent profitability Well capitalized to execute
Slide 13: Sagicor at a glance
Sagicor at a glance ▪ Leading financial services provider in 20 countries Financial Results (US$ million) 2021 YTD Q2 2022 primarily in the Caribbean, with a growing presence in the U.S. Revenue 2,359 1,353 ▪ Provides life, health, and P&C insurance, annuities, Net income to shareholders 139 77 bank
Slide 14: Sagicor's leading market position in key geographies
Sagicor’s leading market position in key geographies Emerging leader U.S. ▪ Rapidly growing in the largest insurance market in the world Other Caribbean 7% USA Barbados ▪ #1 market share in individual life insurance (66%), group life 47% 9% (61%), group health (56%), pensions (83%) 1 Jamaica ▪ #1 in
Slide 15: Investor Inquiries
Investor Inquiries George Sipsis SVP Corporate Development and Capital Markets George_Sipsis@Sagicor.com 1-813-287-1602 Ext. 6255 Andre Mousseau Group Chief Operating Officer and Chief Financial Officer Andre_Mousseau@Sagicor.com Please visit Sagicor.com
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