Allianz Se · XETR:ALV

Allianz — Merger or Acquisition (March 2013)

9 slides from Allianz's merger presentation, Mar 27, 2013

  1. Slide 1: Allianz - Acquisition of Yapi Kredi Sigorta

    Allianz - Acquisition of Yapi Kredi Sigorta March 27, 2013

  2. Slide 2: Transaction overview

    Transaction overview Allianz and Yapi Kredi Bank enter into a long-term partnership:  Allianz acquires Non-Life and Life & Pensions businesses of Yapi Kredi Bank in Turkey  Allianz and Yapi Kredi Bank enter into a 15-year exclusive bank distribution agreement  Yapi Kredi Bank retains 20% of the L

  3. Slide 3: Turkey – favorable demographics and sound economic fundamentals

    Turkey – favorable demographics and sound economic fundamentals Strong growth indicators Population ranked 18th in world Fastest growing economy Real GDP CAGR Population ~ 75mn in Europe (2002 – 2011) > 50% 5.4% Thereof urban 77% All figures Real GDP growth Real GDP Government Population growth Popu

  4. Slide 4: Turkish insurance market – fast growth and low penetration

    Turkish insurance market – fast growth and low penetration All figures Non-Life CAGR Life CAGR Market size Life premiums to GDP (%) in % 2006 – 2011 2006 – 2011 (2011, USD bn) -0.5 1.2% of GDP 0.0 Turkey Turkey 12 14 10.1 Russia Bulgaria 0.5 Serbia Romania CEE 7 10 43.9 1.0 Croatia Indonesia 1.5 Hun

  5. Slide 5: Combining two strong players (1)

    Combining two strong players (1) Allianz Turkey Yapi Kredi Sigorta Allianz gains market leadership Key figures1 2012 Key figures1 2012 Market position Market position # 3 in Non-Life market # 5 in Non-Life market #10 in Life market # 4 in Life market # 7 in Pension market # 3 in Pension market Statu

  6. Slide 6: Combining two strong players (2)

    Combining two strong players (2) (EUR mn) Allianz Turkey – key figures 20121 Yapi Kredi Sigorta – key figures 20121 GPW CAGR GPW CAGR +12.5% +24.2% 664 620 536 519 490 466 625 435 531 499 483 324 416 430 380 Non-Life Non-Life 281 36 37 36 39 43 55 74 90 Life Life 2009 2010 2011 2012 2009 2010 2011 2

  7. Slide 7: Combining two strong players (4)

    Combining two strong players (4) 1 New bancassurance partner 2 Expansion of agencies by 80% Yapi Kredi Bank  5th largest banking network Allianz Yapi Kredi  928 branches Non-Life 1,406 1,129  6.5 million active customers Life&Pensions 125 171  Highest share in credit cards and auto loans (~17%)

  8. Slide 8: Transaction details

    Transaction details Yapi Kredi organizational chart Koç UniCredit Koç 50% Financial Services 50% 81.8% 18.2% Free float Free float Yapı Kredi Bank Yapi Kredi Bank 6.1% buys 20% 93.9%  Allianz will acquire 93.9% in Yapi Kredi Sigorta (Non-Life)  Remaining 6.1% with the 15-year banc- 99.99% subject

  9. Slide 9: Disclaimer

    Disclaimer These assessments are, as always, subject to the disclaimer provided below. Forward-looking statements The statements contained her ein may include pros pects, statements of extent of credit defaults, (vii) interest rate levels, (viii) currency exchange future expectations and other forw

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