Britam Holdings Plc · NSEKE:BRIT
Britam — H1 2024 Earnings Presentation
28 slides from Britam's earnings presentation, Aug 30, 2024
Slide 1: Britam Holdings Plc HY 2024 Results Presentation
Britam Holdings Plc HY 2024 Results Presentation 30 August 2024
Slide 2: Disclaimer
Disclaimer The information is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. It is the responsibility of any person publishing, downloading or communicating the contents of
Slide 3: Contents
CONTENTS Our Group Overview & Operating Environment Our EPIC2 #OneBritam Strategy Our Financial Performance Sustainability at Britam 2024 Outlook 3
Slide 4: Our Group Overview
Our Group Overview
Slide 5: Well Positioned for Regional Growth Opportunities
Well Positioned for Regional Growth Opportunities We are a regional diversified financial services Group… Britam is a leading diversified financial services Group listed on the Nairobi Securities Exchange (NSE) with a presence in seven African countries. Britam Uganda Britam Rwanda Britam South Sud
Slide 6: Our Group Board of Directors
Our Group Board of Directors Mr. George Odo Mr. Kuria Muchiru Ms. Judy Rugasira Mr. Edouard Schmid Representative of AfricInvest, III Board Chairman Independent Non-Executive Director Non-Executive Director SPV 1 (Corporate Director) Ms. Susan Abisola Dr. Peter K. Munga, EGH Mr. Jimnah M. Mbaru, EBS
Slide 7: Our Group Executive Management Team
Our Group Executive Management Team Mr. Tom Gitogo Mr. Charles Njuguna Mr. Ambrose Dabani Mr. Jackson Theuri Group Managing Director Finance Director CEO Britam Life Ms. Evelyne Munyoki CEO – Britam General Human Resources Director Ms. Evah Kimani Ms. Catherine Karita Ms. Diane Korir Mr. Barack Obat
Slide 8: H1 2024 Overview: Economic Growth Amidst Disinflation and High Interest Rates
H1 2024 Overview: Economic Growth Amidst Disinflation and High Interest Rates GDP growth rates across operating markets Inflation remained low across markets; except Malawi and S. 97.3% Sudan 9.7% 5.0% 5.6% 8.2% 6.6% Dec-23 Jun-24 5.6% 5.1% 5.4% 4.6% 34.5% 3.3% 3.2% 3.2% 33.3% 1.9% 18.0% 6.7% 6.6% 6
Slide 9: Fixed Income & Equity Markets: Reflects Improving Sentiment
Fixed Income & Equity Markets: Reflects Improving Sentiment Long-term rates remained high in H1 The Kenya rates exhibited Equities Performance H1 across the markets significant volatility in H1 2024 2024 Malawi 9.15% 2023 30-Jun-24 35.0% 33.0% 18 31-Dec-23 Rwanda 1.25% 31-Mar-24 30-Jun-24 Tanzania 1
Slide 10: Our EPIC2 #OneBritam Strategy
Our EPIC 2 #OneBritam Strategy
Slide 11: The 2021 - 2025 Strategy
The 2021 - 2025 Strategy Client Experience (CX) Vision: We will serve with empathy & care and provide an EPIC2 experience E P I C2 Employees Partnerships Innovation Clients Conduct and FA’s Build success from Cultivate trust to Create more value Put customers first, Treating within and create a enha
Slide 12: Anchor the Future through our 6 Key Strategic Initiatives
Anchor the Future through our 6 Key Strategic Initiatives Drive business growth and address Critical near-term needs and opportunities through 6 key strategic initiatives Leveraging the strategic role Enhance our footprint Benefits realization of Learning and Leadership and expand new lines of from
Slide 13: Achieving Business Goals through Technology Transformation (IT Blueprint)
Achieving Business Goals through Technology Transformation (IT Blueprint) The Key Pillars of the IT Blueprint and Implementation Roadmap Operational Improved Technology Enhanced Customer excellence Performance Experience Interoperability and Cyber Enhanced Business insights Reduced IT Run costs Secu
Slide 14: Summary of the IT Blueprint Implementation Status
Summary of the IT Blueprint Implementation Status 1 2 3 4 5 6 Be Digital Invest in our People Be Agile Leverage on Data Technology Revamp Improved Governance ▪ Continue to build digital ▪ Review and rollout of New ▪ Embrace the digitisation ▪ Ongoing investment in ▪ Continue to adopt new ▪ Focussed
Slide 15: Brand Finance – 2024 Brand Report
Brand Finance – 2024 Brand Report • Britam is the 3rd strongest Kenyan brand with a 35% surge in brand value to KES 3.8 billion. This growth is predominantly attributed to its increased Brand Strength Index score of 90.1, registering an elite AAA+ rating. • Additionally, Britam is the 6th fastest-gr
Slide 16: Britam #BlueTribe Culture Transformation
Britam #BlueTribe Culture Transformation
Slide 17: Rationale: Why a Winning Culture for Britam?
Rationale: Why a Winning Culture for Britam? New Markets & Organic Strengthening Growth Distribution Growing our SME & Micro Strengthening intermediary insurance penetration performance; growing and catalyzing distribution networks Leverage on the Automation, Digital, Group ecosystem Britam AI & Dat
Slide 18: Our Financial Performance
Our Financial Performance 18
Slide 19: Continued Strong Performance in First Half
Continued Strong Performance in First Half Sustainable Growth Profitability Value and Capital returns Profitability +31% Gross Earned Premiums +18% +6% Shs 26.7bn Profit before tax Return on Equity Shs 2.8bn 21% +7% +2% +5% Insurance revenue Net Financial result New business CSM Shs 17.8 Shs 3.1bn S
Slide 20: Top-line, Investment Income: On a Positive Trajectory
Top-line, Investment Income: On a Positive Trajectory Gross Earned Premium– Shs bn Insurance Revenue – Shs bn +20% +32% 26.7 17.8 16.6 +7% 20.4 +31% 12.4 15.4 H1 2022 H1 2023 H1 2024 H1 2022 H1 2023 H1 2024 Interest and Dividend Income – Shs bn Group Total Assets – Shs bn 9.1 +10% +30% 188.8 174.4 +
Slide 21: Group's Adjusted Shareholder Equity in Bns
Group’s Adjusted Shareholder Equity in Bns Shareholders Funds Group’s Adjusted Shareholder Equity +10% 25.6 26.6 33.9 +4% 21.9 7.3 26.6 2022 2023 H12024 H1 2024 Group CSM Adjusted (Net of tax) H1 2024 • The total group net assets as of 30 June 2024 is Shs 26.60Bn. • The CSM (net of tax) represents t
Slide 22: Sustainability at Britam
Sustainability at Britam Safeguarding Dreams & Aspirations 22
Slide 23: Empowering a Sustainable Future Together
Empowering a Sustainable Future Together Vision: To be the leading diversified financial services company in our chosen markets, driving positive environmental and social impact while upholding the highest standards of governance. Mission: Empower a sustainable future, where dreams and aspirations t
Slide 24: Driving Sustainable Value through Innovation, Inclusivity & Integrated Practices
Driving Sustainable Value through Innovation, Inclusivity & Integrated Practices Our sustainability strategy is brought to life through five key material topics and their corresponding initiatives. Driving sustainability value through 1 innovation. Empowering a more inclusive future. 2 Integrating a
Slide 25: Global Emerging Sustainability Trends - Insurance Sector
Global Emerging Sustainability Trends - Insurance Sector Adoption of emerging sustainability trends is crucial for risks mitigation, enhanced financial performance, improved reputation, gaining a competitive advantage and contribution to sustainable development. Insurers are engaging Integrating Adv
Slide 26: Outlook 2024
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Slide 27: 2024 Strategic Focus Areas
2024 Strategic: With you every step of the way Customer Growth Leveraging on Embedding and Expansion technology Sustainability Growth through Partnerships Optimize the current IT Focus on Sustainability & Digital and Emerging platform and continue with the initiatives and Market Consumers transforma
Slide 28: Safeguarding Dreams & Aspirations
Safeguarding Dreams & Aspirations