Sanlam Allianz Holdings (Kenya) PLC · NSEKE:SLAM
Sanlam Allianz Holdings (Kenya) — Sanlam — UBS SA Financial Services Conference 2026
14 slides from Sanlam Allianz Holdings (Kenya)'s conference presentation, Oct 21, 2026
Slide 1: Building a unique digital ecosystem in South Africa
Building a unique digital ecosystem in South Africa Ecosystem execution: from build to launch Anton Gildenhuys CEO: Sanlam Life and Savings UBS SA Financial Services Conference | 21 October 2026
Slide 2: South Africa households: life premiums and disposable income
South Africa households Life Life premiums / premiums / GDP personal disposable income 80 18 75 17 Share of PDY Life 16 70 in GDP premiums: 15 % PDY PDY/GDP 65 60 two buoyant 14 13 55 periods since 12 50 the GFC 11 45 10 4Q2023 Pandemic 4Q2016 4Q2017 4Q2018 4Q2019 4Q2020 4Q2021 4Q2022 4Q2024 4Q2025
Slide 3: Life premiums regression
Life premiums regression 1.0 Regression explanatory variables 14 0.8 • PDY • Non-compensation PDY 13 0.6 0.4 12 OLS R-squared 0.9719 0.2 11 0.0 SLS experience 10 -0.2 2016 to 2025 • GDP growth = 0.7% real 9 • CPI = 4.9% -0.4 • SLS New business = 8.4% (3.5% real) • SLS total premium income = 8.2% (3.
Slide 4: Maintaining relevance: client profile, retail affluent recurring premiums
Maintaining relevance: client profile, retail affluent recurring premiums Brokers Advisers Tied advisers – movement Percentage of plans by race Percentage of plans by race over last 6 years Younger than 45 – 38.6% to 52.5% 34% 31% 31% 37% 36% 50% 50% 48% 48% 48% 11% 11% 12% 12% 13% African black – 2
Slide 5: We are at an inflection point
We are at an inflection point We lead today, but the market has evolved, and we are adapting We start from strength… …and are adapting to #1 general insurer Broaden our franchise 23% market share in South Africa strength & reach #1 life insurer By new business volumes; a third of listed-sector VNB +
Slide 6: The ecosystem keeps a strong franchise relevant
The ecosystem keeps a strong franchise relevant GoTyme banking, credit, rewards and the full Sanlam portfolio all in one app. Connected by best-of-breed technology and AI-driven insights whilst anchored in relationship-driven advice Life & savings MVP focuses on: Sanlam Life and Savings Fast secure
Slide 7: A competitive & differentiated proposition in partnership with GoTyme
A competitive & differentiated proposition in partnership with GoTyme Why we are confident World-class technology Unsurpassed transactional Established distribution partner in GoTyme banking proposition network Proven platform Value for money >9,400 tied advisers + + + Global scale & scope Frictionl
Slide 8: Modernising how the South African business operates
Modernising how the South African business operates Relationship will also drive shifts in our culture and capabilities Relentless focus on Leverage User experience Tech company DNA Data-driven Refresh and enhance Continuous evolution Brand relevance & experimentation Underpinned by human relationsh
Slide 9: Intended outcomes of the SA ecosystem
Intended outcomes of the SA ecosystem Strategic driver Outcome › Sanlam SA ecosystem built on GoTyme stack › Unique (for SA), world class digital value proposition › Revolutionary, digital transactional banking and credit › Relevance › Client value framework, engaged through › Improved cross-selling
Slide 10: An expectation timeline
An expectation timeline “Pilot before scale” across Banking & Credit 2026: Build & Test 2027: Launch 2028+ : Iterate & Scale KEY MILESTONES SOFT LAUNCH COMMERCIAL LAUNCH Credit JO live November 2026 2027 · MVP Expand solution set Distribution of banking regulatory approval received MANAGEMENT’S DASH
Slide 11: What investors should watch: 2 - 4 million banking customers
What investors should watch Building the integrated ecosystem: banking breakeven expected in 2030 Retail credit loan book growth1 Unsecured lending 10 Targeting R billion 6 2 - 4 million 2025 2030 Banking customers by 2030 Almost doubling the loan book by 2030 (1) Unsecured lending only and excludes
Slide 12: What investors should watch
What investors should watch Building the integrated ecosystem: banking breakeven expected in 2030 Where we are Investing: Transactional banking Credit Rewards R180m to date R100m IT migration R364m to date R150 - 200m p.a. to come R100 – R200m to come Breakeven from banking Moving to GoTyme platform
Slide 13: Near-term investment, medium-term payoff
Near-term investment, medium-term payoff A deliberate investment phase today to lay the foundation for growth Near-term investment Where growth comes from • Platform build and technology investment • Data-driven cross-sell and multi-product penetration • Integration costs across the ecosystem • Rela
Slide 14: THANK YOU
THANK YOU 14