Challenger Limited · ASX:CGF
Challenger — Macquarie Australia Conference 2024
16 slides from Challenger's conference presentation, May 9, 2024
Slide 1: Market Release: Macquarie Australia Conference 2024 presentation
Market Release 09 May 2024 Macquarie Australia Conference 2024 presentation For personal use only Challenger Limited (ASX:CGF) attaches a copy of the presentation and speaking notes that Managing Director and Chief Executive Officer Nick Hamilton will deliver at 12:00pm today at the Macquarie Austra
Slide 2: The retirement opportunity
For personal use only The retirement opportunity Macquarie Australia Conference Nick Hamilton Managing Director & Chief Executive Officer 9 M A Y 2 0 2 4
Slide 3: Key points
01 02 For personal use only Playing our role in A business model Australia’s Golden Years that is ready to of retirement take on the future Key points 03 04 Our sales re-mix Strong growth supporting long-term opportunities that growth and returns leverage core capabilities
Slide 4: The retirement challenge
The retirement challenge Australians are living longer and demand for financial security is increasing For personal use only AGEING DEMAND FOR R E G U L AT O R Y P O P U L AT I O N FINANCIAL SECURITY SUPPORT Government 2.5m 72% focus Australians set to retire Australian retirees would be much • Reti
Slide 5: Positioned to play a major role in the retirement opportunity
Positioned to play a major role in the retirement opportunity Leader in income products For personal use only SAVING SPENDING FOR RETIREMENT IN RETIREMENT Starting out Working Paying off debt Accumulating wealth Starting retirement Travelling Downsizing Aged care FUNDS • Range of income options MANA
Slide 6: Challenger Life
Challenger Life Australia’s leading Challenger Life business model retirement income For personal use only business1 01 02 Originate longer-term Back liabilities with liabilities high-quality assets ~$6bn Channels: • Retail Products: • Lifetime annuities • Utilise Challenger’s investment capabilitie
Slide 7: Challenger Investment Management: a proven alternative credit platform
Challenger Investment Management A proven alternative credit platform For personal use only Challenger Investment Management Proven Platform fixed income portfolio Experience in public and private credit through multiple cycles including the Global Financial Crisis Public Private opportunities oppor
Slide 8: Challenger Life: Sales remix strategy driving stronger returns
Challenger Life Sales remix strategy driving stronger returns For personal use only G R O W I N G L O N G E R D U R AT I O N L O W E R M AT U R I T Y R AT E L O N G E R D U R AT I O N D R I V I N G M O R E VA L U A B L E S A L E S SUPPORTING BOOK GROW TH HIGHER MARGINS AND RETURNS $3.5bn 33% 8.7yrs
Slide 9: Clear plan to capture significant growth opportunities
Clear plan to capture significant growth opportunities Scalable and dynamic platforms For personal use only Assets Under Management Long term 7% CAGR • Diversified channels Medium term (Retail, Superannuation funds, Offshore) $123.8bn • Platform integrations Short term • Embed retirement • Working w
Slide 10: Key points
01 02 For personal use only Playing our role in A business model Australia’s Golden Years that is ready to of retirement take on the future Key points 03 04 Our sales re-mix Strong growth supporting long-term opportunities that growth and returns leverage core capabilities
Slide 11: Important note
Important note For personal use only This presentation was prepared for the purpose of a briefing to equity analysts and certain wholesale investors on 9 May 2024. The material in this presentation is general background information about Challenger Limited’s activities and is current at the date of
Slide 12: CEO speaking notes
Macquarie Australia Conference 2024 Managing Director and Chief Executive Officer speaking notes Thank you and good afternoon. Today marks my third presentation to the Macquarie Australia Conference as Chief Executive of Challenger. At my first appearance at this lectern, I spoke about the growth op
Slide 13: For personal use only
Retirement will require affordable advice and the re-advising of Australians is underway. The huge need has provided the catalyst for organisations to begin looking at how they scale advice and prepare clients for retirement, including integrating secure and guaranteed income solutions. Challenger h
Slide 14: For personal use only
We manage $17 billion in assets ranging from relatively liquid publicly traded investment grade corporate bonds, through to private credit. We see a significant opportunity to further diversify our book and meet the growing demand for high yielding, high income solutions as private credit and lendin
Slide 15: For personal use only
We have a unique opportunity to leverage our purpose, capabilities, brand and expertise to be a leader in retirement. This will see us meet the growing demand for a broader range of retirement income solutions across existing and new channels. In the short term, our growth plans will be enabled by o
Slide 16: For personal use only
We know that our purpose of financial security for a better retirement matters. Bringing more Australians financial security as they save for, enter, and live through retirement matters. And with the market dynamics I outlined earlier, there will be more demand, across more channels for a broader ra