UNIQA Insurance Group AG · VIE:UQA

UNIQA Insurance — Merger or Acquisition (February 2020)

7 slides from UNIQA Insurance's merger presentation, Feb 10, 2020

  1. Slide 1: UNIQA's acquisition of AXA's businesses in CEE (Poland, Czech Republic and Slovakia)

    UNIQA Insurance Group AG UNIQA’s acquisition of AXA’s businesses in CEE (Poland, Czech Republic and Slovakia) 10 February 2020 Andreas Brandstetter, CEO Kurt Svoboda, CFO/CRO Wolfgang Kindl, CEO UNIQA International

  2. Slide 2: Transformational transaction in line with our strategy

    Transformational transaction in line with our strategy Game changer for UNIQA - builds scale in core markets, achieves ambition of becoming a top 5 CEE player Substantial revenue diversification, reducing dependency on Austria Enhances existing capabilities and adds new product proposition including

  3. Slide 3: Strengthening market position in CEE and improving revenue diversification

    Strengthening market position in CEE and improving revenue diversification Gaining market share (excluding pensions) FY2018 GWP in CEE (excl. Rus) in EURm 5,293 4,982 #5 #7 3,367 2,897 2,236 2,015 1,538 1,418 818 1,155 933 818 583 1,418 Peer 1 Peer 2 Peer 3 Peer 4 Proforma Peer 5 Peer 6 UNIQA Peer 7

  4. Slide 4: Overview of AXA CEE: platform offering P&C, life and pensions

    Overview of AXA CEE: platform offering P&C, life and pensions Overview  Prague and Bratislava HQ location  Warsaw Life #9  Service centre in Brno  72% P&C, 28% life  35% P&C, 65% life PL P&C #6 GWP  EUR 609m as of FY18  EUR 209m as of FY18 Pension #6  P&C portfolio comprises growing motor CZ

  5. Slide 5: Transaction details

    Transaction details Proposed  Acquisition by UNIQA Group of AXA’s CEE business transaction Purchase price  Total consideration of c.EUR1,0bn to be fully paid in cash  Underwritten bridge facility in place at signing Funding  Intention to finance the transaction through senior debt capital market

  6. Slide 6: Deploying capital into a profitable and cash generative business

    Deploying capital into a profitable and cash generative business Transaction valued at 12,41x 2019E P/E EPS accretive and enhances ROE from year 1 onwards Efficient funding structure maintaining pro-forma solvency II ratio in the upper third of the target range of 155-190% Integration led by a dedic

  7. Slide 7: Disclaimer

    Disclaimer This Presentation is being provided for information purposes to selected recipients only and does not constitute or form part of, and should not be construed as an offer or invitation or recommendation to, purchase or sell or subscribe for, or any solicitation of any offer to purchase or

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