Britam Holdings Plc · NSEKE:BRIT
Britam — FY2023 Earnings Presentation
21 slides from Britam's earnings presentation, Mar 28, 2024
Slide 1: FY23 Results Presentation
Britam Holdings Plc FY23 Results Presentation 28 March 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
Slide 3: Contents
Contents Our Group Overview & Operating Environment Our EPIC #OneBritam Strategy 2 Our Financial Performance Sustainability at Britam 2024 Outlook
Slide 4: Our Group Overview
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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 Est. 2010 Britam Rwanda Est. 20
Slide 6: Our Group Board of Directors
Our Group Board of Directors Mr. George Odo Mr. Kuria Muchiru Ms. Judy Kyanda 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 M
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: 2023 Overview: Economic Growth Amidst Currency Devaluation and Rising Interest Rates
2023 Overview: Economic Growth Amidst Currency Devaluation and Rising Interest Rates GDP growth rates across operating markets Inflation fell across markets; except Malawi and S. Sudan 2022 2023e 31.7 34.5 25.4 2022 2023e 8.7 6.8 9.1 6.6 10.6 10.9 8.2% 4.9 3.0 6.2 4.3 5.8 6.4% 7.0% 2.6 4.8% 5.2% 6.2
Slide 9: Fixed Income & Equity Markets: Reflects Market Volatility
Fixed Income & Equity Markets: Reflects Market Volatility Long-term rates were on the upward The Kenya rates exhibited Indices Performance in trend in the year across the markets significant volatility in 2023 2023 20 78.9% 33.0% Malawi 28.5% 22.5% 18 22.5% Rwanda 0.7% 17.5% 15.7% 16 15.5% 14.0% 11.
Slide 10: Our EPIC #OneBritam Strategy
Our EPIC 2 #OneBritam Strategy
Slide 11: The 2021 - 2025 Strategy Client Experience (CX) Vision
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 FAs Build success from Cultivate trust to Create more value Put customers first, Treating within and create a enhan
Slide 12: Empowering a Sustainable Future
Empowering a Sustainable Future Our Sustainability Vision To be the leading diversified financial services company in our chosen markets, recognized for a positive environmental and social impact. Our Sustainability Mission Empowering a sustainable future, where dreams and aspirations thrive. Our Su
Slide 13: EPIC2 Strategy was grounded on key Big Bets, so far much has been done
EPIC2 Strategy was grounded on key Big Bets, so far much has been done... Our EPIC2 Strategy Big Bets… …What we have achieved so far Established P&D Unit. We have acquired circa 2.43M Forge Strategic Partnerships – Develop a win – win customers earning premiums of Kes. 2.4B in 2023 relationships wit
Slide 14: International Business Key Highlights
International Business Key Highlights Products and Innovations ü Introduced an EMC product; Limodzi through inclusivity solutions partnership Malawi ü Rolled out Employees portal; Brokers’ portal Go live scheduled for January 2024 ü Travel Portal went live in October 2023, Fire & Motor scheduled for
Slide 15: Our Financial Performance
Our Financial Performance
Slide 16: PBT Growth: Driven by Topline, Investment Income & Efficient Cost Management
PBT Growth: Driven by Topline, Investment Income & Efficient Cost Management +65% +41% Retained operating expenses level at +20% Fair Value Losses (from yield curve shift) Profit Before Insurance Investment Income Tax up, to Revenue up, Opex ratio of 32% (Interest Dividends, up to Shs 4.6 billion Sh
Slide 17: Top-line, Investment Income: On a Positive Trajectory
Top-line, Investment Income: On a Positive Trajectory
Slide 18: Key Ratios: Majorly inline with Overall Performance
Key Ratios: Majorly inline with Overall Performance KEY METRIC GROUP LIFE GI KENYA GI REGIONS 2023 2022 2023 2022 2023 2022 2023 2022 OPEX RATIO (IFRS 4) 32% 32% 21% 21% 30% 30% 43% 47% SOLVENCY – LIFE & GI (K) 111% 155% 158% 152% 275% 254% RETURN ON EQUITY 18% C 8% 17% 15% 34% 13% 24% 19% • The dec
Slide 19: Outlook
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Slide 20: 2024 Strategic Focus Areas
2024 Strategic: Focus Areas 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 transformation journey in lin
Slide 21: Thank You!
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