NobleOak Life Ltd · ASX:NOL
NobleOak Life — Shareholder Meeting (December 2021)
19 slides from NobleOak Life's shareholder meeting presentation, Dec 1, 2021
Slide 1: NobleOak Life Limited 2021 Annual General Meeting
For personal use only NobleOak Life Limited 2021 Annual General Meeting 1 December 2021
Slide 2: Online Q&A
Online Q&A 1. Click on the Q&A icon 2. Type your question in the new Q&A window 3. Hit enter on your keyboard to submit your message To contact support: Please call 1300 816 159 (within Australia) or +61 2 8072 1479 (outside of Australia) Cancel end AUTOMIC GROUP
Slide 3: Agenda and presenters
Agenda and presenters For personal use only 1 Chairman’s address 2 CEO’s address Stephen Harrison 3 Formal business Non Executive Chairman 4 General Q&A 5 Close Anthony Brown Chief Executive Officer 3
Slide 4: Chairman's address
For personal use only 1Chairman’s address 4
Slide 5: Who is NobleOak?
Who is NobleOak? An independent Australian life insurer and challenger brand with a strong focus on delivering high-value, easy to understand and competitive products For personal use only • Challenger brand life insurer with diversified strategy and differentiated distribution model Who we are • 14
Slide 6: CEO's address
For personal use only 2CEO’s address 6
Slide 7: FY21 financial highlights
FY21 financial highlights Exceeded key FY21 Prospectus forecast measures and tracking well towards FY22 Prospectus forecasts For personal use only No. of Active Insurance Premium New Business In-force Premium1 Underlying NPAT Policies1 Revenue 77k+ $69.0m $182.1m $169.9m $7.0m +66% +42% +66% +61% +2
Slide 8: FY21 operational highlights
FY21 operational highlights FY21 was a transformational year for NobleOak, with a number of key operational milestones reached For personal use only Most Awarded Australian Bolstered Our Team Continued High Customer Direct Life Insurer Total FTEs of 113, up c.12% Satisfaction Levels 2020-21 year-on-
Slide 9: Strong, disciplined growth
Strong, disciplined growth Demonstrated track record of growing premiums and profits For personal use only In-force Premiums ($’000) New Business ($’000) Group Underlying NPAT ($‘000) 200,000 80,000 8,000 180,000 70,000 7,000 160,000 60,000 6,000 140,000 50,000 5,000 120,000 100,000 40,000 4,000 80,
Slide 10: Further growth opportunities
Further growth opportunities Significant opportunities for profitable growth going forward For personal use only Risk retention Organic Inorganic Seek to increase the amount of Value creation and continuous Assessment of opportunities to insurance risk retained by optimisation of the existing acquir
Slide 11: Culture is paramount at NobleOak
Culture is paramount at NobleOak Values-led approach underpins high employee engagement and customer satisfaction For personal use only NobleOak’s beginnings Our values are embedded in our business Protecting Australians for over 144 years, holding true to a core belief Staff are aligned to our cult
Slide 12: Most awarded direct life insurer
Most awarded direct life insurer (2020, 2021) 19 total award wins in 2021 for NobleOak For personal use only Recent awards Canstar Outstanding Value Strategic Insight Overall Direct Plan For Life Overall Direct Life Feefo Gold Trusted Feefo Platinum Trusted Awards Life Insurance Excellence Award Ins
Slide 13: Key operational initiatives
Key operational initiatives NobleOak remains operationally resilient and focused on delivering our strategy For personal use only Industrywide sustainability measures Partnerships update Significant focus area for business ahead of RAC partnership live ahead of schedule and already 1 1 1 October APR
Slide 14: Trading update and outlook
Trading update and outlook Strong start to FY22 continues; FY22 Prospectus profit forecast reaffirmed, in-force premiums ahead For personal use only 1 New business strong to September; material drop in October as market adjusts to new IDII products 2 In-force policies are key value driver and perfor
Slide 15: Formal business
For personal use only 3Formal business 15
Slide 16: General Q&A
For personal use only 4General Q&A 21
Slide 17: Close
For personal use only 5Close 22
Slide 18: Important notice and disclaimer
Important notice and disclaimer CONTENT OF PRESENTATION FOR INFORMATION PURPOSES ONLY For personal use only Forward-looking statements This presentation may contain statements that are, or may be deemed to be, forward-looking statements. Such statements can generally be identified by the use of word
Slide 19: Important notice and disclaimer (continued)
Important notice and disclaimer (continued) CONTENT OF PRESENTATION FOR INFORMATION PURPOSES ONLY For personal use only Presentation of information The financial data in this presentation is provided on a statutory basis but in a non-statutory presentation format (unless otherwise stated). Currenc