Vienna Insurance Group AG · VIE:VIG
Vienna Insurance — RCB Institutional Investors Conference 2012
14 slides from Vienna Insurance's conference presentation, Apr 13, 2012
Slide 1: VIG – CEE success story
VIG – CEE success story RCB Institutional Investors Conference Zürs, 13 April 2012
Slide 2: Contents
Contents VIG in 2011 VIG in 2011 Strategy & Potential Summary 2
Slide 3: YE 2011 Record result despite challenging markets
YE 2011 Record result despite challenging markets VIG reaches it’s targets and keeps promises VIG in 2011 PBT up by 10.1% to € 559.0 mn Best result in Group‘s history Combined ratio (net) in 2011 Premiums overall up 3.4% to decreased considerably to VIG – YE 2011 € 8.9 mn 96.8% after 98.4% at YE 201
Slide 4: Steady development during and beyond crisis
Steady development during and beyond crisis Peer Group Comparison VIG in 2011 PBT (indexed in %) 124 116 128 140 120 100 101 100 80 60 42 40 20 38 0 -20 -40 -60 -80 -100 -120 -97 2007 2008 2009 2010 2011 Peer 1 Peer 2 Peer 3 VIG Source: Company reports 4
Slide 5: YE 2011 Highlights
YE 2011 Highlights Excellent profit growth and strong growth in CEE life business VIG in 2011 Double-digit growth rates in profit before taxes in major markets – Slovakia and Poland increased profits by more than 50% Life business in CEE grew by 18.3% - substantial growth coming from s Versicherung
Slide 6: YE 2011 Key Ratios
YE 2011 Key Ratios Proposed dividend increase of 10% to EUR 1.10 per share1 VIG in 2011 ROE before Bonus Tax (%) dividend/share of € 0.90 Dividend per Share 14.3 11.1 2.00 10.0 10.5 1.1 0.90 1.00 2008 2009 2010 2011 2008 2009 2010 2011 EPS (€)2 3.32 2.87 Management will propose increase 2.65 2.40 of
Slide 7: Management Focus
Management Focus Remain committed to proven fundamentals Strategy & Potential Steering approach Multi-brand Multi-channel <10% Historically multi-brand best Tied agents 11% - 20% approach to obtain as much Brokers 21% - 30% Other 1 Banks market share as possible 31% - 40% > 41% Adapted multi-brand A
Slide 8: VIG - Excellent Positions in Core Markets
VIG - Excellent Positions in Core Markets VIG No.1 in it’s core markets Strategy & Potential Overview of Core Markets Austria Czech Rep. Slovakia Poland1 Romania1 Pop.: 8.4 mn Pop.: 10.5 mn Pop.: 5.4 mn Pop.: 38.2 mn Pop.: 19.0 mn Ins. Density: €1,997 Ins. Density: €569 Ins. Density: €381 Ins. Densi
Slide 9: VIG – The Basic Concept
VIG – The Basic Concept GDP growth and under-penetration are insurance drivers Strategy & Potential 2,000 Mature Markets 1998 2010 Insurance Density (USD) P E Growth Markets H 1,000 CRO CRO CZ Emerging Markets H CZ SER PL SK SK SER BG PL RO BG UA UA RO TR 0 1,000 10,000 20,000 GDP per Capita (USD) 1
Slide 10: CEE Potential (I): Life Insurance
CEE Potential (I): Life Insurance Bank-Assurance important driver for life business in CEE Strategy & Potential Break Down of Business Lines1 (%) VIG Life insurance trends Health 10% 14% Substantial under-penetration of life insurance in 28% 5% CEE compared to Western Europe 33% Regular Life 19% Mid
Slide 11: CEE Potential (II): Regulatory Trends
CEE Potential (II): Regulatory Trends Structural changes will allow for new product lines and volumes Strategy & Potential Reform of pension systems: creation of 2nd and 3rd pillar in pension systems Regulatory Market Reform of health insurance with aim to allow private add-ons to changes to public
Slide 12: Investment Case
Investment Case Solid investment offering growth and stable performance Summary Strong potential still in Long-term earnings place; VIG has ambitious growth retail focus Sound capitalisation Best CEE insurance franchise Broad distribution network Successful M&A track (incl. mutual banking record coo
Slide 13: VIG Share & Contact Details
VIG Share & Contact Details Investor Relations Summary VIG Share Investor Relations Number of common shares Vienna Insurance Group 128mn Schottenring 30, 1010 Vienna E-Mail: [email protected] ISIN AT0000908504 www.vig.com/ir Listing Nina Higatzberger (Head of IR) Tel. +43 (0)50 350 - 21920
Slide 14: Disclaimer
Disclaimer Summary IMPORTANT NOTICE These materials do not constitute or form part, or all, of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities in any jurisdiction in which such solicitation, offer or sale would be unlawful, nor
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