Sampo Oyj · OMXHEX:SAMPO
Sampo Oyj — Shareholder Meeting (May 2023)
16 slides from Sampo Oyj's shareholder meeting presentation, May 17, 2023
Slide 1: Sampo plc Annual General Meeting 2023
Sampo plc Annual General Meeting 2023 17 May 2023
Slide 2: Björn Wahlroos, Chair of the Board
Sampo plc Annual General Meeting 2023 Björn Wahlroos Chair of the Board 17 May 2023
Slide 3: Europe has fallen behind the US on growth
Europe has fallen behind the US on growth GDP per capita development 2007-2021 Average annual GDP per capita growth 2007-2021 120 1.0% 115 110 0.7% 105 0.4% 100 95 0.1% 90 2007 2009 2011 2013 2015 2017 2019 2021 Finland Sweden Euro Area United Sates Finland Sweden Euro area United States Source: Wor
Slide 4: Sampo total shareholder returns since 2001
Sampo total shareholder returns since 2001 2,000 Annual total returns 1,800 Sampo: 13.4% 1,600 OMX Helsinki Cap: 7.9% Europe 600 Financials: 1.0% 1,400 1,200 1,000 800 600 400 200 0 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 2023 Sampo OMX Helsinki Cap Europe 600 Financials Source: Facts
Slide 5: Torbjörn Magnusson, Group CEO
Sampo plc Annual General Meeting 2023 Torbjörn Magnusson Group CEO 17 May 2023
Slide 6: Sampo is delivering on its promises
Sampo is delivering on its promises Excellent financial results ahead of targets Exit from Nordea Attractive capital returns 17 May 2023
Slide 7: 2022: Solid performance in line with strategy during times of uncertainty
2022: Solid performance in line with strategy during times of uncertainty Excellent performance in Nordic P&C Premium growth supported by high retention Higher interest rates adding to earnings Strong balance sheet Disciplined capital management 17 May 2023
Slide 8: Strong performance against financial targets
Strong performance against financial targets Performance against key financial targets for 2021-2023 • Sampo’s P&C operations delivered 2021 2022 excellent financial results in 2022 Mid-single digit growth in 19% 13% underwriting profit ex COVID effects • Nordic P&C key driver of profit growth, with
Slide 9: Strategic steps towards a pure-play P&C insurer
17 May 2023 Strategic steps towards a pure-play P&C insurer 11/2020 5/2021 10/2021 4/2022 3/2023 1/2020 1. Nordea- 2. Nordea- 4. Nordea- Final Demerger CEO change sale sale sale Nordea-sale proposal 8/2020 2/2021 9/2021 12/2021 12/2022 10/2023 70% of New 3. Nordea- Rest of Strategic Planned Hastings
Slide 10: Sampo has an outstanding track record of delivery in P&C insurance
Sampo has an outstanding track record of delivery in P&C insurance Sampo underwriting result, EURm 1,282 1,314 CAGR of 11% 1,087 892 837 635 667 630 534 550 483 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 17 May 2023
Slide 11: Sampo's P&C operations have a uniquely attractive profile
Sampo’s P&C operations have a uniquely attractive profile Premiums EUR 8.1 bn Private Commercial Industrial Baltic UK EUR 3.7 bn EUR 2.0 bn EUR 0.9 bn EUR 0.2 bn EUR 1.3 bn 84% Nordic share of premiums 62% Leading digital sales and Strong pricing power in High growth potential in service capab
Slide 12: Sampo is capitalising on its leading digital capabilities
Sampo is capitalising on its leading digital capabilities • 1/3 of new customers come Online claims development, % through digital channels 80 • Digital channels account for 70 60% online claims >50% of direct incoming sales 60 to private customers 50 • 60% of claims reported online 40 • IT developm
Slide 13: Ideally positioned for higher interest rates
Ideally positioned for higher interest rates If P&C fixed income running yield • Sampo continues to benefit from higher interest rates as fixed income portfolios are gradually being 4.0% reinvested at higher rates 3.5% 3.5% • Higher running yields added EUR ~230 million in 3.0% Sampo’s run-rate pre-
Slide 14: Sampo provides attractive capital returns
17 May 2023 Sampo provides attractive capital returns Regular dividend per share* • Stable and sustainable regular dividend that grows in line with the Group’s earnings over time 1.70 1.80 1.50 1.60 • Excess capital have been and will be returned to shareholders gradually through dividends and/or sh
Slide 15: Shareholder value focus is in Sampo's DNA
Shareholder value focus is in Sampo’s DNA 2,000 Annual total returns 1,800 Sampo: 13.4% 1,600 OMX Helsinki Cap: 7.9% Europe 600 Financials: 1.0% 1,400 1,200 1,000 800 600 400 200 0 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 2023 Sampo OMX Helsinki Cap Europe 600 Financials Source: Factse
Slide 16: Sampo plc Annual General Meeting 2023
Sampo plc Annual General Meeting 2023 Sampo plc Fabianinkatu 27 00100 Helsinki, Finland Phone: +358 10 516 0100 Business ID: 0142213-3 www.sampo.com @Sampo_plc sampo-plc sampo_oyj