Sun Life Financial Inc. · TSX:SLF
Sun Life Financial — Investor Day (2024)
21 slides from Sun Life Financial's investor day presentation, 2024
Slide 1: Total Company Strategic Update: Playing to Win
Total Company Strategic Update Playing to Win
Slide 2: Kevin Strain, President and Chief Executive Officer
KEVIN STRAIN President and Chief Executive Officer 2
Slide 3: Helping Clients achieve lifetime financial security and live healthier lives
• Winning strategy and a superior business mix • Leading asset management and insurance platform with a strong track record of execution Helping Clients achieve and financial performance lifetime financial security • Elevating our focus on four strategic imperatives and live healthier lives • Increa
Slide 4: Winning Strategy
WINNING STRATEGY Our Purpose: Help Clients achieve lifetime financial security and live healthier lives Our Values: Caring, Authentic, Bold, Inspiring, Impactful Four Pillars Client Impact Strategic Imperatives A global leader in both public and Leverage our asset management AM alternative asset cla
Slide 5: Superior Business Mix
SUPERIOR BUSINESS MIX Balanced and diversified business model Capital light and high-growth business model Underlying net income1 Underlying net income1 Underlying net income1 Underlying net income1 by business pillar by business type by geography by capital utilization3 15% 36% 26% 30% 32% 41% 22%
Slide 6: Strong Execution and Financial Performance
STRONG EXECUTION AND FINANCIAL PERFORMANCE Underlying EPS1 Underlying ROE1 Underlying Dividend Payout Ratio1 Target underlying EPS growth per annum: Target underlying ROE: 18%+ Target underlying dividend payout ratio: 8-10% 40-50% +9% $6.36 +620 17.8% 50% 47% CAGR bps 11.6% $2.96 2014 2023 2014 2023
Slide 7: A Leading Asset Management & Insurance Platform
A LEADING ASSET MANAGEMENT & INSURANCE PLATFORM Asset Management & Wealth Insurance & Health Top 25 global asset manager1 Top 11 global life insurer by market cap10 Largest Canadian-based2 asset manager with $1.5T3 AUM4 Canada: #1 individual insurance7 and #1 group benefits provider11 Top 10 U.S. re
Slide 8: Our Path to Win
OUR PATH TO WIN Delivering on our strategic imperatives ASSET MANAGEMENT ASIA HEALTH DIGITAL & WEALTH Leverage our asset Deepen our impact management Accelerate our Operate like a digital along our Client’s capabilities and extend momentum in Asia company health journey our wealth presence 8
Slide 9: Asset Management & Wealth
ASSET MANAGEMENT & WEALTH Be a global leader in both public and alternative asset classes All the right pieces Path to win Together, delivering industry-leading solutions Expand global asset management complex and presence in wealth Grow SLC Management Maintain MFS leadership Premier capabilities to
Slide 10: Asia
ASIA Be a regional leader focused on fast-growing markets Ingredients for growth Path to win Positioning Sun Life for expansion in key markets Accelerate growth and become Sun Life’s fastest growing business Strengthen distribution Accelerate speed to In the right markets and realize value value thr
Slide 11: Health
HEALTH Become a trusted health partner focused on access, affordability, and empowerment Differentiated benefits businesses Path to win Playing a deeper role in health services Reimagine our role in advancing the health of our Clients Expand health services Empower Clients Market leader in benefits
Slide 12: Digital
DIGITAL Be a digital leader by embedding digital throughout the organization Strong digital foundations Path to win Delivering impact, efficiency, innovation & growth Drive impact at scale with digital Embed a digital mindset Modernize tech stack Obsess about Client journeys and Client centricity th
Slide 13: Exceptional Talent and Culture
EXCEPTIONAL TALENT AND CULTURE A high-performing, future-ready and inclusive environment where our people thrive and are empowered to achieve our Purpose Top talent magnet Great Place to Work® Leader in appealing to talent amongst Canadian FIs Certified as a Great Place to Work® in (Ipsos)1 all part
Slide 14: Leading Medium-Term Financial Objectives
LEADING MEDIUM-TERM FINANCIAL OBJECTIVES UNDERLYING EPS1, 2 UNDERLYING DIVIDEND UNDERLYING ROE1,2 GROWTH PER ANNUM PAYOUT RATIO1,2 10% 20% 40-50% Previous target: 8-10% Previous target: 18%+ Unchanged 1 Underlying EPS, underlying ROE and underlying dividend payout ratio are non-IFRS financial measur
Slide 15: Helping Clients achieve lifetime financial security and live healthier lives
• Winning strategy and a superior business mix • Leading asset management and insurance platform with a strong track record of execution Helping Clients achieve and financial performance lifetime financial security • Elevating our focus on four strategic imperatives and live healthier lives • Increa
Slide 16: Our Purpose
OUR PURPOSE Helping Clients achieve lifetime financial security and live healthier lives 16
Slide 17: Appendix
Appendix Sun Life | investor vay 7
Slide 18: Forward-Looking Statements
In this presentation, Sun Life Financial Inc. (“SLF” or “SLF Inc.”), its subsidiaries and, where applicable, its joint ventures and associates are collectively referred to as “we”, “us”, “our”, “Sun Life” and the “Company”. Reported net income (loss) refers to Common shareholders' net income (loss)
Slide 19: Use of Non-IFRS Financial Measures
Use of Non-IFRS Financial Measures The Company prepares its financial statements in accordance with international financial reporting standards (“IFRS”). This presentation includes financial measures that are not based on IFRS (“non-IFRS financial measures”). We report certain financial information
Slide 20: Medium-Term Financial Objectives
Medium-Term Financial Objectives The Company’s Medium-Term Financial Objectives are forward-looking non-IFRS financial measures. Our ability to achieve those objectives is dependent on our success in achieving growth initiatives and business objectives and on certain key assumptions that include: (i
Slide 21: Endnotes
Endnotes Slide 5: 2 Business type mix based on underlying net income, excluding corporate expenses and other. Wealth & asset management includes MFS Investment Management, SLC Management, Canada Individual Wealth, Group Retirement Services, Asia Wealth & asset management. Group Protection / Health i