Allianz Malaysia Bhd. · MYX:ALLIANZ

Allianz Malaysia Bhd — Shareholder Meeting (May 2017)

56 slides from Allianz Malaysia Bhd's shareholder meeting presentation, May 24, 2017

  1. Slide 1: Annual General Meeting 2017

    Annual General Meeting 2017 Allianz Malaysia Berhad (12428-W) Kuala Lumpur 24.05.2017

  2. Slide 2: Paragraph 8.29A of Bursa Securities Main Market Listing Requirements

    Paragraph 8.29A of Bursa Securities Main Market Listing Requirements Resolution set out in the notice of any general meeting, or in any notice of resolution to be voted by poll. © Copyright Allianz Malaysia Berhad 2017 2

  3. Slide 3: Demand for poll

    Demand for poll Article 69 provides that a poll can be demanded by:- a)The Chairman of c) A member or the meeting; or members holding or representing by proxy or entitled to b)At least five vote in respect of (5) members at least one-fifth present in part of the capital person or represented at the

  4. Slide 4: Poll Administrator and Scrutineers

    Poll Administrator and Scrutineers Poll Scrutineer Administrator Asia Securities Sdn Tricor Investor & Bhd Issuing House Services Sdn Bhd © Copyright Allianz Malaysia Berhad 2017 4

  5. Slide 5: Shareholders who have appointed Chairman as Proxy

    Shareholders who have appointed Chairman as Proxy No. Name of Shareholders No. of Vote Vote Abstain Shares For Against 1. Citigroup Nominees 17,000 OR1, OR2, OR6 , OR8 OR3 – OR5 (Tempatan) Sdn Bhd OR7 & OR9 Manulife Holdings Berhad (Manulifers) 2. Maybank Nominees 157,500 OR1, OR2, OR6, OR8 OR3 – OR

  6. Slide 6: Shareholders who have appointed Chairman as Proxy (Cont')

    Shareholders who have appointed Chairman as Proxy – (Cont’) No. Name of Shareholders No. of Vote Vote Abstain Shares For Against 4. Citigroup Nominees 2,662,300 OR1 – OR7 OR8 & OR9 – (Tempatan) Sdn Bhd 5. DB (Malaysia) Nominee 1,630,700 OR1, OR2, OR6, – OR3 – OR5 (Tempatan) Sendirian OR7, OR8 & Berh

  7. Slide 7: Shareholders who have appointed Chairman as Proxy (Cont')

    Shareholders who have appointed Chairman as Proxy – (Cont’) No. Name of Shareholders No. of Vote Vote Abstain Shares For Against 7. Citigroup Nominees (Asing) 1,959,900 ALL – – Sdn Bhd 8. Amsec Nominees 1,102,000 OR1 – OR7 OR8 & OR9 – (Tempatan) Sdn Bhd Amberdeen Asset Management Sdn Bhd for Tenaga

  8. Slide 8: Shareholders who have appointed Chairman as Proxy (Cont')

    Shareholders who have appointed Chairman as Proxy – (Cont’) No. Name of Shareholders No. of Vote Vote Abstain Shares For Against 10. Cartaban Nominees (Asing) 57,300 OR1 – OR7 & OR8 – Sdn Bhd OR9 11. DB (Malaysia) Nominee 9,900 OR1 – OR8 OR9 – (Asing) Sdn Bhd 12. DB (Malaysia) Nominee 453,300 ALL –

  9. Slide 9: Shareholders who have appointed Chairman as Proxy (Cont')

    Shareholders who have appointed Chairman as Proxy – (Cont’) No. Name of Shareholders No. of Vote Vote Abstain Shares For Against 14. DB (Malaysia) Nominee 8,000 OR1 – OR7 OR8 & OR9 – (Asing) Sdn Bhd 15. Citigroup Nominees 656,700 OR1, OR3, OR5, OR2 & OR4 – (Tempatan) Sdn Bhd OR6, OR7 & OR9 © Copyrig

  10. Slide 10: Item 1: Audited Financial Statements

    Item 1 To receive the Audited Financial Statements for the financial year ended 31 December 2016 and the Directors’ and Auditors’ Reports thereon © Copyright Allianz Malaysia Berhad 2017 10

  11. Slide 11: Allianz Malaysia Berhad Group

    Allianz Malaysia Berhad (12428-W) © Copyright Allianz Malaysia Berhad 2017 1 Allianz Malaysia Berhad Group 11

  12. Slide 12: Allianz - Committed To Growth In Malaysia

    Allianz - Committed To Growth In Malaysia Strong Gross Written Premium (GWP) Protecting Malaysians with a growth range of insurance solutions 8.8% CAGR Allianz Life: 514,486 Total: 4,133 4,183 2.5mn 3,579 3,968 2,984 Allianz customers General: 2012 2013 2014 2015 2016 2,033,276 Gross Written Premium

  13. Slide 13: Resilient and strong performance in 2016 despite weak market condition

    Allianz Malaysia Berhad (12428-W) Resilient and strong performance in 2016 despite weak market condition Full Year 2016 RM 4.7bil RM 4.2bil RM 455mil + 4% + 1% + 4% Operating revenue Gross written Profit before tax premiums RM 1.83 RM 2.9bil RM 3.5bil* 0% + 10% – 4% Basic earnings per Shareholders’

  14. Slide 14: Strong Group performance despite challenges in general insurance environment

    Allianz Malaysia Berhad (12428-W) Strong Group performance despite challenges in the general insurance environment XX% 3-yr CAGR Gross Written Premium (GWP) (RM ‘mil) Life insurance General insurance +5% +1% Allianz Life maintained top 5 position, with 4,133 4,183 3,968 6.6% market share 3,579 Allia

  15. Slide 15: Resilience in profit achieved in challenging landscape

    Allianz Malaysia Berhad (12428-W) Resilience in profit achieved in challenging landscape XX% 3-yr CAGR Profit Before Tax (RM ‘mil) Life insurance General insurance &investment holding AMB Diversified business portfolio +10% Maintain strong +4% discipline in pricing & prudent expense 455 Allianz Life

  16. Slide 16: Asset accumulation reached RM 14.9bil

    Allianz Malaysia Berhad (12428-W) Allianz Malaysia’s asset accumulation reached RM 14.9bil Disciplined investment strategy XX% 3-yr CAGR Total assets (RM ‘mil) Investment portfolio mix Property General Fund Deposits 1% +11% 12% +10% Corp Govt Bonds Bonds 31% Investment 56% Yield = 4.0% 14,912 Cash 1

  17. Slide 17: Continue to strengthen dividend returns to shareholders

    Allianz Malaysia Berhad (12428-W) Continue to strengthen dividend returns to shareholders Managing the capital required to support growth Dividend Per Share (RM sen) Group performance 2011–2016 (RM ‘mil) [5-year CAGR 2011-2016] Ordinary Share 4,500 4,133 4,183 Preference Share +38% Gross written 3,9

  18. Slide 18: Group generated RoE of 11.3%, delivering value to shareholders

    Allianz Malaysia Berhad (12428-W) Group generated RoE of 11.3%, delivering value to shareholders Return on Equity Maintain capital requirement for the Group To meet regulatory solvency 13.7% requirements to protect 12.3% 12.6% interest of policy holders 11.3% Regulatory capital requirements increase

  19. Slide 19: Strategic Priorities

    Allianz Malaysia Berhad (12428-W) © Copyright Allianz Malaysia Berhad 2017 2 Strategic Priorities 19

  20. Slide 20: Allianz is anchoring its customer-centric orientation

    “Allianz is anchoring its customer-centric orientation, driving digitalization forward and committing to a performance culture.” Source: 2016 Group CEO letter 20

  21. Slide 21: Allianz Malaysia going digital

    Allianz Malaysia going digital Building a digital ecosystem where customers can have seamless access to Allianz products and services across different distribution channels:  Launched our AtoZ customer mobile app that has a roadside assistance function, hospital geolocator, as well as online claims

  22. Slide 22: Fast Offer – Enhanced Road Warrior

    Fast Offer – Enhanced Road Warrior Simple and fuss free quotation page Customer can choose to purchase online Or opt to be referred to a servicing Agent 22

  23. Slide 23: Imagine Fast Quote

    Imagine Fast Quote Redesigned Client Details screen for a more simplified data collection. (Client Details screen is implemented for all products) User to pre-defines which category of riders to be included in the packages New Product Comparison screen! 3 plan packages will be displayed according

  24. Slide 24: Acquisition of digital partners

    Acquisition of digital partners 3 digital partnership commenced, 30 contacted / in negotiation, and more to come. Mobility/ e-Commerce Financial Fintech/Insurtech Transport Ride-sharing Financial Payment / Service marketplace / e-Wallet marketplace comparison Car-sharing Property Telematics marketpl

  25. Slide 25: Malaysia as the Allianz Regional Centre of Competence

    Malaysia as the Allianz Regional Centre of Competence Established / establishing Planned General Centre of Competence • Leading General Operating Entity within Actuarial Centre of Competence the Asia Pacific Region • Set-up Life actuarial liability and asset modelling • Point of reference for Genera

  26. Slide 26: General Business

    Allianz General Insurance Company (Malaysia) Berhad (735426-V) © Copyright Allianz Malaysia Berhad 2017 3 General Business 26

  27. Slide 27: Growth affected by weak economic conditions and slowdown in new car sales

    Allianz General Insurance Company (Malaysia) Berhad (735426-V) Growth affected by weak economic conditions and slowdown in new car sales XX% 3-yr CAGR Gross Written Premium (RM ‘mil) Distribution channel and product mix Marine 3% +2% -5% PA & Health Misc 7% 12% Product mix 2016 Motor Fire 60% 18% 2,

  28. Slide 28: Maintaining profitability and healthy combined ratios

    Allianz General Insurance Company (Malaysia) Berhad (735426-V) Maintaining profitability and healthy combined ratios amidst difficult economic conditions XX% 3-yr CAGR Profit before tax (RM ‘mil) Combined ratio (in %) +7% -1% -1.4%-p 89.0% 90.4% 16.9% 17.4% Expense ratio 319 322 321 258 Claims ratio

  29. Slide 29: Detariff Roadmap

    Detariff Roadmap Key Summary  Fire & Motor TP to remain under Tariff  Motor Comprehensive and TPFT free to price from July 1st, 2017 onwards  Wordings of new products / add-on subject to PIAM approval prior to launch  BNM approval required, if new rates deviate by more than: - 10% for Motor - 30

  30. Slide 30: Life Business

    Allianz Life Insurance Malaysia Berhad (104248-X) © Copyright Allianz Malaysia Berhad 2017 4 Life Business 30

  31. Slide 31: Strong growth backed by continued focus on investment-linked business

    Allianz Life Insurance Malaysia Berhad (104248-X) Strong growth backed by continued focus on XX% 3-yr CAGR investment-linked business Gross Written Premium (RM ‘mil) Gross Written Premium (RM ‘mil) Single premium Investment-linked business Regular premium +9% +17% +8% 2,100 1,952 1,834 402 346 907 1

  32. Slide 32: Strengthening multi-distribution capabilities to deliver growth

    Allianz Life Insurance Malaysia Berhad (104248-X) Strengthening multi-distribution capabilities to deliver growth Actively stepping up acquisition of distribution partners XX% 3-yr CAGR Annualised New Premium (ANP) ANP channel mix 2016 (RM ‘mil) Partnership Distribution +5% Corporate +6% 12% 4% 371

  33. Slide 33: Life business generated an 18% growth in Profit Before Tax

    Allianz Life Insurance Malaysia Berhad (104248-X) Life business generated an 18% growth in Profit Before Tax XX% 3-yr CAGR Profit before tax (RM ‘mil) +19% +18%  Focus on healthy and sustainable margins supported by disciplined pricing methodologies and sound risk management  Focus on writing more

  34. Slide 34: We need to be ready for the Life Framework

    We need to be ready for the Life Framework Objective of the framework will be achieved through specific initiatives LIFE introduced under the Framework, which can be broadly summarized as below: Framework From BNM’s From Allianz’s perspective.. perspective.. It aims to promote innovation and a Gradu

  35. Slide 35: Questions from the Minority Shareholder Watchdog Group (1)

    Questions from the Minority Shareholder Watchdog Group (1) Given the financial liberalisation of the sector together with the imminent deregulation and removal of tariff structure, please share on the measures that the Group has embarked for the last two years to address and mitigate the impact as w

  36. Slide 36: Questions from the Minority Shareholder Watchdog Group (2)

    Questions from the Minority Shareholder Watchdog Group (2) How would the Group address the risk pricing of the products to remain competitive vis-a-vis its competitors and to ensure good and loyal customers with minimum or no claims records are rewarded under the risk pricing approach? Would the ben

  37. Slide 37: Questions from the Minority Shareholder Watchdog Group (3)

    Questions from the Minority Shareholder Watchdog Group (3) The Company has secured a 15-year partnership agreement with Standard Chartered Bank in several parts of Asia. Please elaborate on the arrangement and anticipated returns/savings and upside future potentials from the collaboration in these m

  38. Slide 38: Questions from the Minority Shareholder Watchdog Group (4)

    Questions from the Minority Shareholder Watchdog Group (4) One of the Group’s key drivers going forward would be the digital asset and in line with its three year transformation plan, please share on the preparation and the budget allocation towards achieving the goal Answer For Digital Transformati

  39. Slide 39: Questions from the Minority Shareholder Watchdog Group (5)

    Questions from the Minority Shareholder Watchdog Group (5) We noted that the under the asset allocation review, the Group has increased its portfolio in unquoted bonds to RM3.89 billion, up by 29.9% and the second largest investments in the overall portfolio in FY 2016. Please share on the policy cr

  40. Slide 40: Resolution 1

    Resolution 1 To approve the payment of directors’ fees of RM1,966,764 to the Non- Executive Directors of the Company and its insurance subsidiaries for the financial year ended 31 December 2016 (2015: RM1,564,137) © Copyright Allianz Malaysia Berhad 2017 40

  41. Slide 41: Resolution 2

    Resolution 2 To approve the payment of Directors’ remuneration (excluding directors’ fee) to the Non-Executive Directors of the Company and its insurance subsidiaries up to an amount of RM 1,613,360, from 1 January 2017 until the next AGM of the Company © Copyright Allianz Malaysia Berhad 2017 41

  42. Slide 42: Resolution 3

    Resolution 3 To re-elect Mr. Foo San Kan who retires by rotation in accordance with Article 96 of the Articles of Association of the Company and being eligible, offers himself for re-election © Copyright Allianz Malaysia Berhad 2017 42

  43. Slide 43: Mr. Foo San Kan

    Resolution 3 Re-election of Mr. Foo San Kan Mr. Foo San Kan Aged 68, Malaysian, was appointed to the Board of the Company on 25 November 2005. He is the member of the Audit Committee, Risk management Committee Nomination Committee and Remuneration Committee of the Company. Independent Non-Executive

  44. Slide 44: Resolutions 4 & 5

    Resolutions 4 & 5 To re-appoint the following Directors:- a) Y. Bhg. Tan Sri Razali Bin Ismail b) Y. Bhg. Dato’ Dr. Thillainathan A/L Ramasamy © Copyright Allianz Malaysia Berhad 2017 44

  45. Slide 45: Y. Bhg. Tan Sri Razali Bin Ismail

    Resolution 4 Re-appointment of Y. Bhg. Tan Sri Razali Bin Ismail Y. Bhg. Tan Sri Razali Bin Ismail Aged 77, Malaysian, was appointed to the Board of the Company on 25 September 2001. He is a member of Nomination and Remuneration Committee of the Company. Chairman – Independent Non-Executive Director

  46. Slide 46: Y. Bhg. Dato' Dr. Thillainathan A/L Ramasamy

    Resolution 5 Re-appointment of Y. Bhg. Dato’ Dr. Thillainathan A/L Ramasamy Y. Bhg. Dato’ Dr. Thillainathan A/L Ramasamy Aged 72, Malaysian, was appointed to the Board of the Company on 24 June 2011. He is the Chairman of the Audit Committee and member of Risk management Committee and Nomination and

  47. Slide 47: Resolution 6

    Resolution 6 To re-appoint Messrs KPMG PLT as Auditors of the Company for the financial year ending 31 December 2017 and to authorise the Directors to fix their remuneration © Copyright Allianz Malaysia Berhad 2017 47

  48. Slide 48: Resolution 7

    Resolution 7 Proposed Shareholders’ Mandate for Recurrent Related Party Transactions with Allianz SE Group © Copyright Allianz Malaysia Berhad 2017 48

  49. Slide 49: Resolution 8

    Resolution 8 Proposed Shareholders’ Mandate for Recurrent Related Party Transaction with Shook Lin & Bok © Copyright Allianz Malaysia Berhad 2017 49

  50. Slide 50: Resolution 9

    Resolution 9 Proposed Shareholders’ Mandate for Recurrent Related Party Transaction with Rapidpro Consulting Sdn Bhd © Copyright Allianz Malaysia Berhad 2017 50

  51. Slide 51: Any other business

    Any other business © Copyright Allianz Malaysia Berhad 2017 51

  52. Slide 52: Briefing on Electronic Voting by Poll Administrator

    Briefing on Electronic Voting by Poll Administrator © Copyright Allianz Malaysia Berhad 2017 52

  53. Slide 53: Meeting Adjourned for Poll Voting Calculation

    Meeting Adjourned for Poll Voting Calculation 53

  54. Slide 54: If you have any further question, please drop your question into the enquiry box

    If you have any further question, please drop your question into the enquiry box at the registration counter. We will endeavor to reply you within 7 working days. 54

  55. Slide 55: Thank You

    Thank You Allianz @i |

  56. Slide 56: Disclaimer

    Allianz Malaysia Berhad (12428-W) Disclaimer These assessments are, as always, subject to the disclaimer provided below. Cautionary Note Regarding Forward-Looking Statements The statements contained herein may include statements of future levels, (vi) the extent of credit defaults, (vii) interest ra

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