Bangkok Life Assurance Public Co., Ltd. · SET:BLA

Bangkok Life Assurance Public — Q1 2020 Earnings Presentation

22 slides from Bangkok Life Assurance Public's earnings presentation, May 14, 2020

  1. Slide 1: 1Q20 Results Presentation

    1Q20 Results Presentation Investors and Analyst update 14 May 2020 © Bangkok Life Assurance

  2. Slide 2: Disclaimer

    Disclaimer The information contained in our presentation is intended solely for your personal reference only. In addition, such information contains projections and forward-looking statements that reflect our current views with respect to future events and financial performance. These views are base

  3. Slide 3: Agenda

    Agenda 1 1Q20 performance summary 2 Key Highlights 2.1 Premiums and Business & Operation 2.2 Investments 2.3 P&L and Key accounting change 3 Outlook by CEO 4 Q&A 5/15/2020 © Bangkok Life Assurance 3

  4. Slide 4: Agenda

    Agenda 1 1Q20 performance summary 2 Key Highlights 2.1 Premiums and Business & Operation 2.2 Investments 2.3 P&L and Key accounting change 3 Outlook 4 Q&A 5/15/2020 © Bangkok Life Assurance 4

  5. Slide 5: Synopsis of performance in 1Q20

    Synopsis of performance in 1Q20 • 1Q20 profit: -82% YoY mainly due to an increase in PAD from 4% to 5%. • Overview of the performance by distribution channels: • Agent: FYP +6% YoY from focus on ‘quality’ over ‘quantity’ of agent and good technology support during Covid-19 time. Rider attachment imp

  6. Slide 6: Agenda

    Agenda 1 1Q20 performance summary 2 Key Highlights 2.1 Premiums and Business & Operation 2.2 Investments 2.3 P&L and Key accounting change 3 Outlook by CEO 4 Q&A 5/15/2020 © Bangkok Life Assurance 6

  7. Slide 7: 1Q20: FYP -17% from Banca, while Agency and Other are +ve. RYP -2% as expected

    1Q20: FYP -17% from Banca, while Agency and Other are +ve. RYP -2% as expected New Business Renewal Total Financial Premium Premium Premium Highlight -17% -2% -4% Unit : Million Baht 1,542 8,972 8,780 10,514 10,057 ROI 5.59% 1,277 69% 62% Inv. Yield 4.09% 66% 61% 39% 61% 59% Bancassurance 48% Agent

  8. Slide 8: 1Q20 FYP from Bancassurance -39% due to Covid-19, especially in March

    1Q20 FYP from Bancassurance -39% due to Covid- 19, especially in March New Business Premium New Business Premium Product Mix Bancassurance Bancassurance Unit : Million Baht -17% -39% 5% 1% 1,542 1,013 30% 30% 1,277 Others 66% MRTA 614 48% Endowment 65% 69% 32% 25% 9% 20% 1Q2019 1Q2020 1Q2019 1Q2020

  9. Slide 9: 1Q20 FYP from Agency +6% with good product mix while riders attachment ratio continue to increase

    1Q20 FYP from Agency +6% with good product mix while riders attachment ratio continue to increase New Business Premium New Business Premium Product Mix Agent Channel Agent Channel Unit : Million Baht -17% +6% 1,542 414 392 0.2% 0% 1,277 Filler Whole Life & Term 66% 61% 60% Pension 48% Endowment &Oth

  10. Slide 10: 1Q20 FYP from Other: saw a strong double digit growth driven by group, direct marketing and online

    1Q20 FYP from Other: saw a strong double digit growth driven by group, direct marketing and online 1Q20 FYP from Group channel growth >50% 1Q20 FYP from Direct Marketing growth >20% YoY YoY 1Q20 FYP from Online growth >20% YoY 1Q20 FYP from Partnership was below expectation due to slower ramp and Co

  11. Slide 11: Agenda

    Agenda 1 Q1 2020 performance summary 2 Key Highlights 2.1 Premiums and Business & Operation 2.2 Investments 2.3 P&L and Key accounting change 3 Outlook 4 Q&A 5/15/2020 © Bangkok Life Assurance 11

  12. Slide 12: Investment asset allocation saw a tilt towards safe asset while contribution from risky assets declined

    Investment asset allocation saw a tilt towards safe asset while contribution from risky assets declined Asset Class 4Q19 1Q20 Remark Short-term Investment 4.1% 4.3% Bond 42.9% 46.4% For fixed income, increased focus on government bond while lowering contribution from corporate debentures Debenture &

  13. Slide 13: Investment income +46% YoY

    Investment income +46% YoY Investment yield increased from realized gain • Investment income in 1Q20 +46% YoY, + 39% Sources of Investment Income (MB) QoQ driven by realized gain. As a result, ROI went up from 3.93% to 5.59%. • Excluding realized gain, investment yield also went up from 4.03% in 1Q1

  14. Slide 14: CAR declined from 314% in the previous quarter to 266%

    CAR declined from 314% in the previous quarter to 266% CAR (RBC1) CAR (RBC2) Total Capital Required (TCR) 308% 314% 289% 1.8% Operation Risk 281% 281% 270% 266% 252% 252% 260% 257%260% 13.7% REITs 240% 29.6% Equity Risk 10.4% Interest Rate Risk 22.6% Specific Risk 4.5% Credit Risk 14.8% Insurance Ri

  15. Slide 15: Agenda

    Agenda 1 1Q20 performance summary 2 Key Highlights 2.1 Premiums and Business & Operation 2.2 Investments 2.3 P&L and Key accounting change 3 Outlook 4 Q&A 5/15/2020 © Bangkok Life Assurance 15

  16. Slide 16: Statement of financial positions

    Statement of financial positions 31 Mar 20 31 Dec 19 Inc / Dec MB % MB % MB % Assets ASSETS Cash and cash equivalents 9,887 3% 13,442 4% (3,555) -26% Total assets slightly Investment assets 315,475 94% 311,375 93% 4,100 1% increase in 2020 due Other assets 11,689 3% 8,863 3% 2,826 32% to increasing

  17. Slide 17: 1Q20 Financial Summary

    1Q20 Financial Summary % of % of Million Baht 1Q’20 1Q’19 %YoY TNP TNP First year premium 1,277 14% 1,542 16% -17% Q1’20 Renewal premium 8,780 95% 8,973 91% -2% First year premium decrease from prior year REIN&UPR (847) -9% (703) -7% -20% about 17% mainly from Total Net Premium (TNP) 9,210 100% 9,81

  18. Slide 18: Agenda

    Agenda 1 1Q20 performance summary Key Highlights 2 2.1 Premiums and Business & Operation 2.2 Investments 2.3 P&L and Key accounting change 3 Outlook by CEO 4 Q&A 5/15/2020 © Bangkok Life Assurance 18

  19. Slide 19: Outlook by CEO

    OUTLOOK BY CEO © Bangkok Life Assurance

  20. Slide 20: CEO Activity: Most Trusted Brand Award

    CEO Activity: Most Trusted Brand Award กรุงเทพประกันชวี ต ิ คว ้ารางวัลบริษัททีไ่ ด ้รับความไว ้วางใจสูงทีส ่ ด ุ แห่งปี “Most Trusted Brand Award” จากงาน Thailand Top Company Awards 2020 จัดโดยนิตยสาร Business+ ร่วมกับมหาวิทยาลัยหอการค ้าไทย 5/15/2020 © Bangkok Life Assurance 20

  21. Slide 21: CEO Activity: Covid-19 Donation

    CEO Activity: Covid-19 Donation กรุงเทพประกันชวี ต ิ มอบเงินบริจาคร่วม สู ้ ‘โควิด-19’ จานวน 475,600 บาท เพือ ื้ อุปกรณ์ทางการแพทย์ ่ จัดซอ 5/15/2020 © Bangkok Life Assurance 21

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