Aegon Ltd. · EURONEXT:AGN
Aegon — Q1 2008 Earnings Presentation
12 slides from Aegon's earnings presentation, May 7, 2008
Slide 1: First quarter 2008 results, Embedded value 2007
Local knowledge. Global power. First quarter 2008 results Embedded value 2007 Alex Wynaendts, CEO Media call May 7, 2008
Slide 2: Cautionary note regarding forward-looking statements
Cautionary note regarding forward-looking statements Cautionary note regarding forward-looking statements The statements contained in this presentation that are not historical facts are forward-looking statements as defined in the US Private Securities Litigation Reform Act of 1995. The following ar
Slide 3: AEGON underlying performance remains strong
AEGON underlying performance remains strong o Strong business performance results in 9% rise in underlying earnings before tax, up 22% in constant currency o Operating earnings and net income affected by recent turmoil in world financial markets o Strong retail sales especially in the USA o No signi
Slide 4: AEGON delivers strong underlying growth
AEGON delivers strong underlying growth o Underlying earnings before tax up 9% - at constant currency up 22% o Americas increased 14% at constant currency Underlying earnings before tax € million 41 658 26 (21) 10 +9% 602 0 14% 30% (23)% 37% n/a 22% Underlying earnings growth at constant currency 1Q
Slide 5: Unfavorable market conditions affect operating earnings
Unfavorable market conditions affect operating earnings o Underperformance of alternative investments in both the US and NL o Widening credit spreads significantly impact derivatives – Significant recovery since quarter-end o Lower interest rates drive TRA and Segregated funds results Impact of fair
Slide 6: Net income declined due to lower operating earnings
Net income declined due to lower operating earnings o Lower realized gains in the Americas and The Netherlands o Despite difficult market conditions no material impairments Net income development € million 342 (39) (32) (118) 153 Operating earnings Losses on Impairment charges Tax Net income before
Slide 7: Sales and deposits
Sales and deposits o Retail sales in the Americas increased 9% despite challenging environment o Institutional deposits down due to lower sales in the Americas o Net deposits of FA, VA and Pensions & Asset management improved significantly o VNB impacted by weakening of USD and GBP and lower institu
Slide 8: Embedded value per share increased to EUR 13.44
Embedded value per share increased to EUR 13.44 Δ constant In EUR million, except per share data 2007 2006 Δ currency Embedded value life insurance 25,889 27,292 (5)% 2% Total embedded value (TEV) 21,694 22,418 (3)% 4% TEV per common share* 13.44 13.19 2% 10% Value of new business 927 775 20% 26% Em
Slide 9: Strategic highlights first quarter 2008
Strategic highlights first quarter 2008 Hungary: o UNIQA Asset Management o Heller-Saldo 2000 Pension Fund Management Turkey: o Life & pension company Ankara Emeklilik China: o New office in Guangdong, expanding coverage to 300 million people o Joint venture AEGON Industrial Fund Management Company
Slide 10: Conclusions
Conclusions o Continued successful international expansion in CEE, Turkey and China o Unfavorable market conditions impacted net income o Strong business performance results in 9% rise in underlying earnings before tax, up 22% in constant currency o No significant impairments reflecting high quality
Slide 11: Unlocking the global potential
Unlocking the global potential Press Conference, London, 2 June 2008 Local knowledge. Global power. 11
Slide 12: Q&A
Local knowledge. Global power. Q&A For questions please contact AEGON Group Corporate Communications P.O. Box 85 2501 CB The Hague The Netherlands P: +31 70 344 8344 F: +31 70 344 8485 E: [email protected]