Aegon Ltd. · EURONEXT:AGN
Aegon — Shareholder Meeting (May 2012)
11 slides from Aegon's shareholder meeting presentation, May 16, 2012
Slide 1: Annual General Meeting of Shareholders AEGON N.V.
Annual General Meeting of Shareholders AEGON N.V. The Hague, May 16, 2012
Slide 2: Full year 2011 & first quarter 2012 results
Full year 2011 & first quarter 2012 results Jan Nooitgedagt CFO & Member of the Executive Board
Slide 3: 2011 Underlying earnings reflect a year of transformation
2011 Underlying earnings reflect a year of transformation EUR million Strategic decisions 1,522 MLN Lower interest rates 2011 1,522 and equity markets 2010 Redress program UK 1,833 2009 Provisioning to 1,129 account for rising life expectancy rates 3
Slide 4: 2011 Net income
2011 Net income EUR million Lower underlying 872 MLN earnings 2011 872 Fewer gains on investments 2010 1,760 Offset decrease in income tax and lower 2009 204 impairment charges 4
Slide 5: Cost savings in 2011 offset by restructuring charges
Cost savings in 2011 offset by restructuring charges Cost savings in line with plans and strategic focus Investments in new propositions ► Distribution initiatives ► Pension platform UK Restructuring charges mainly in NL and UK 5
Slide 6: 2011 Sales & deposits demonstrate strength of franchise
2011 Sales & deposits demonstrate strength of franchise New life sales Gross deposits EUR million EUR billion 1,835 MLN 32 BLN 2011 2011 1,835 32 2010 2010 2,081 33 2009 2009 1,950 28 6
Slide 7: Return on equity
Return on equity In % RoE for ongoing 6.7% business 7.9% 2011 X Higher average 6.7 shareholder’s equity 2010 8.6 X Lower underlying earnings 2009 5.1 7
Slide 8: Capital base ratio of 74.2% - on target to exceed 75% by end 2012
Capital base ratio of 74.2% - on target to exceed 75% by end 2012 Capital Excess Group US UK Netherlands base capital in IGD RBC ratio Pillar I IGD ratio holding EUR 1.2 December 31, 2011 73.5% 195% 453% 149% 195% bln Capital base ratio roll forward 73.5% 0.2% 0.3% 0.2% 74.2% Q4 2011 Retained Up-str
Slide 9: Q1 2012: sales and earnings increase; strong capital position maintained
Q1 2012: sales and earnings increase; strong capital position maintained Underlying earnings 3% up to EUR 425 million ► Business growth, cost reductions and favorable markets Net income 59% up to EUR 521 million ► Positive fair value items and low impairments Total sales 25% up to EUR1.8 billi
Slide 10: Focus on delivering on targets
Focus on delivering on targets* Achieve return on equity of Grow underlying earnings Double fee-based earnings to Increase annual normalized before tax by operational free cash flow to 10-12% 7-10% 30-35% €1.3-1.6 by 2015 on average per annum billion between 2010 and 2015 of underlying earnings by 2
Slide 11: Conclusion
Conclusion 2011, a year of transformation; positioning for the future Underlying earnings affected by financial markets, UK exceptional charges and provisioning for rising life Restructuring in the UK finalized; in the Netherlands on track Strong franchise evidenced by resilient sales Capi