Aegon Ltd. · EURONEXT:AGN
Aegon — Investor Presentation (December 2019)
13 slides from Aegon's investor presentation, Dec 12, 2019
Slide 1: Turning customer satisfaction into value
Turning customer satisfaction into value Maarten Edixhoven CEO Aegon the Netherlands THE INFORMATION CONTAINED IN THIS DOCUMENT MAY CONSTITUTE INSIDE INFORMATION AND MUST BE KEPT CONFIDENTIAL UNTIL ITS RELEASE TO THE PUBLIC. THE FINALIZATION OF THE FINANCIAL INFORMATION IS SUBJECT TO APPROVAL FROM T
Slide 2: Translating growth opportunities into valuable businesses
Translating growth opportunities into valuable businesses Underlying earnings before tax 1H19 annualized Asia2 Joint ventures in Spain & Portugal3 Scale-up for the Future Drive for € 11m € 96m1 € 129m € 62m growth Sales CAGR4 2017-1H19 17% 22% 26% AIFMC 19% 15% JVs -28% TLB 1. Underlying earnings ba
Slide 3: Knab is Aegon's innovative online bank
Knab is Aegon’s innovative online bank € Daily banking: Wealth accumulation: Integration: Knab lab: Have a firm grip on Build wealth for a Innovate together your daily finances financially secure future with our customers Payment Account Saving Accounts Credit Card Bank Savings3 Overview & Insights
Slide 4: Knab is well positioned in self-employed and individual wealth accumulation markets
Knab is well positioned in self-employed and individual wealth accumulation markets Growth drivers for Knab Growth in self-employed market Demand for individual wealth accumulation Growing demand for online banking Number of Dutch self-employed1 Dutch retail savings and investment AuM 2 Mobile banki
Slide 5: Growth is driven by high customer satisfaction
Growth is driven by high customer satisfaction I'm a big fan - Definitely the best I have never been so What a good service! bank in my opinion. happy with a bank! We keep our customers happy… …to increase our customer base… …and support balance sheet growth (r-NPS1) (in thousands) (in EUR billion,
Slide 6: Financial performance is consistently improving
Financial performance is consistently improving Net interest income and net interest margin Return on Capital2 (in EUR million, in %) (in %) 1.19% 4.4% 1.10% 0.92% 0.96% 3.4% 2.0% 234 192 121 146 0% 2016 2017 2018 20191 2016 2017 2018 20191 Gross deposits Cost / Income ratio (in EUR billion) (in %)
Slide 7: Clear goals and targets for the future
Clear goals and targets for the future Medium term KPI target • Maintain excellent service and high NPS Net promotor Maintain +40 points score (NPS) among Knab clients Customer • Continue growth in self-employed and growth and entrepreneurial retail customers high NPS • Integrate our daily banking a
Slide 8: Translating growth opportunities into valuable businesses
Translating growth opportunities into valuable businesses Strong foundation Growth opportunities • High customer satisfaction scores • Growing demand for individual • Strong position in fast growing wealth accumulation products self-employed market • Rapid adoption of online banking Value creation B
Slide 9: Appendix
Appendix For questions please contact Investor Relations +31 70 344 8305 [email protected] P.O. Box 85 2501 CB The Hague The Netherlands Helping people achieve a lifetime of financial security
Slide 10: Bridging statutory and segment reporting
Bridging statutory and segment reporting 1H19 Underlying earnings before tax (UEBT) reconciled • Difference between statutory view (in EUR million) and segment reporting driven by 48 (34) intra-group mortgage transactions • Fair value of mortgages acquired is higher than nominal value. This premium
Slide 11: Key ratios per 1H19
Key ratios per 1H19 % Core Tier 1 Leverage Liquidity Coverage Net Stable Funding Ratio Ratio Ratio Ratio 21.9%1 4.4% 161% 148% 1. This is based on Core Tier 1 capital of EUR 672 million and Total Risk Exposure Amount EUR 3,071 million under the standard model B-11
Slide 12: Balance sheet composition
Balance sheet composition Over 65% of total assets allocated to prime Dutch residential mortgage portfolio Balance sheet1 Mortgage loans (per 1H 2019, EUR billion) • Low-risk, high-quality mortgage portfolio, with low LtV and high NHG coverage2 15.6 15.6 • Prime Dutch residential mortgage portfolio
Slide 13: Disclaimer
Disclaimer Cautionary note regarding non-IFRS-EU measures This document includes the following non-IFRS-EU financial measures: underlying earnings before tax, income tax, income before tax, market consistent value of new business and return on equity. These non-IFRS-EU measures are calculated by con