Aegon Ltd. · EURONEXT:AGN
Aegon — Investor Presentation (September 2019)
31 slides from Aegon's investor presentation, September 2019
Slide 1: An introduction to Aegon
An introduction to Aegon The Hague, September 2019 Helping people achieve a lifetime of financial security
Slide 2: Content
Content 3 An overview of who we 17 International presence 27 Asia are Businesses in more than 20 countries A key long-term growth market Key facts & figures 5 Our strategy 21 Americas 29 Aegon Asset Helping people achieve a lifetime of Serving the pre- and post-retirement Management financial securi
Slide 3: An overview of who we are
An overview of who we are Earnings (Underlying earnings before tax, full year 2018) What we do Life insurance, pensions & 2% asset management for almost 7% 29 million customers Deposits Net deposits € (4.7) billion (Full year 2018) History Our roots date back to the first EUR 2.07 half of the 19th c
Slide 4: Customers at the heart of everything we do
Customers at the heart of everything we do For 175 years <1900 1983: Joining >1983 Recent history Aegon’s roots date forces International Executing our back to the first half of Merger of Dutch expansion to over customer-centric the 19th century insurers Ago and 20 markets in the strategy to help pe
Slide 5: To help people achieve a lifetime of financial security
To help people achieve a lifetime of financial security From working life….through guidance and advice…to trusted provider of retail solutions Working life Saving & investment At & after retirement We protect customers’ lives, As their working lives We provide our customers property and other assets
Slide 6: Our operating environment
Our operating environment Key trends are shaping our industry • Low interest rates combined with changing demographics Shift away from • New prudential regulation and increased capital guaranteed requirements life products • Rising demand for transparent products Focus on • Reduced social benefits a
Slide 7: Our purpose and vision
Our purpose and vision To continue for the next 175 years and beyond Purpose Helping people achieve a lifetime of financial security Vision Financially secure and healthy lives Secure retirement and healthy aging in society Cleaner and healthier environment 7
Slide 8: Aegon's business model
Aegon’s business model Putting the customer at the heart of everything we do Product development and pricing We begin with customers. We assess their needs, and develop product and services that meet those needs. Next we estimate and price the risk involved for us as a financial services provider. D
Slide 9: Committed to financial education
Committed to financial education Conduct research, educate the public and lead a global dialogue on retirement security Established research Building relationships centers for longevity with respected and retirement in the partners in the field of Netherlands, the US longevity, retirement and Brazil
Slide 10: Creating value
Creating value For all our stakeholders Every company must create long-term value for society and its stakeholders. Aegon creates value in several ways: as a provider of financial services, a responsible employer and business partner, through its returns to shareholders, its tax payments, its suppor
Slide 11: How we create and share value…
How we create and share value… Our value chain* Value created €54 billion paid out to customers in claims, benefits and plan withdrawals Our purpose is • Financial capital to help our €861 million paid out to investors • Human & intellectual capital customers in dividend and interest payments • Soci
Slide 12: How we share value with our customers
How we share value with our customers Almost • By serving customers throughout their lives Serving individual and 29 group customers globally • By providing optimal products and services million • By being easily accessible online €54 Paid out in policyholder • By developing innovative new platforms
Slide 13: How we share value with our employees
How we share value with our employees • By providing worthwhile employment and a Almost 26,000at June 30, 2019 safe, productive workplace employees • By attracting people with digital and marketing skills 0,9 Total employment • By encouraging new ways of working €2.1 costs in 2018 billion • By embra
Slide 14: How we share value with our investors
How we share value with our investors • By growing our business, generating capital 78% of Aegon’s shares are held by institutional investors and paying out dividends to our shareholders • By our dedication to meet our long-term commitments to shareholders by delivering financial strength rating by
Slide 15: How we share value with wider society
How we share value with wider society Just > of volunteered hours • By playing an active role in the communities in in 2018 by employees which we operate 14,000 to work with local - Providing support through community hours communities investments to vulnerable people of impact investments • By enco
Slide 16: How we share value with our business partners
How we share value with our business partners • Helping our business partners to grow Omni- approach towards our alongside us customers channel • Through our joint ventures and strategic Invested in start-ups partners ~$140 and new technologies, with 18 separate • Through our investments in start-up
Slide 17: One of the world's leading financial services companies
One of the world’s leading financial services companies 17
Slide 18: Operations across Americas, Europe and Asia
Operations across Americas, Europe and Asia In more than 20 countries Americas Europe Asia Main brands Joint ventures This map does not provide an exhaustive list of Aegon’s operations and subsidiaries. For more information, please see our 2018 Annual Report 18
Slide 19: Two master brands
Two master brands WEGON foe EGON GEGONLite EGON WEGON a Pa en Blue Square Re CAPPITAL LIFE BERMUCIA ETD VY, > AEGON Sony Life BASRAS nes Futweady knab stap KAMES MONGERALYEGON e<TKP «a a re > Santander Construa seu amanha Investments POSTALE gobear .
Slide 20: Our global reporting structure
Our global reporting structure Americas United States • Life Asia Aegon Asset Management • Accident & health • Retirement plans • In Hong Kong and Singapore: high net worth businesses • Americas • Mutual funds • Aegon Insights • Europe • Variable annuities • Strategic partnerships (China, India & Ja
Slide 21: The Americas at a glance
The Americas at a glance A few key indicators Underlying earnings before tax Revenue-generating investments By line of business – full year 2018 June 30, 2019 93 -2 114 263 Life Accident & health Retirement plans $1.4 Mutual funds billion 259 Variable annuities 469 Fixed annuities Stable Value Solut
Slide 22: The Americas at a glance
The Americas at a glance Transamerica is Aegon’s master brand in the US Operations in the Almost 8,800 employees Primary sponsor of United States & Brazil (June 30, 2019) US professional golfer: In the US, among the Diverse & targeted top 10 largest distribution to better Zach providers of variable
Slide 23: Europe at a glance
Europe at a glance Underlying earnings before tax Revenue-generating investments By line of business – full year 2018 June 30, 2019 24 72 The Netherlands 128 United Kingdom €839 million CEE Spain & Portugal 615 €300 billion A few key indicators 23
Slide 24: Europe at a glance
Europe at a glance One of the leading brands in the Dutch financial sector Headquarter in Almost 3,600 employees The Hague, offices in (June 30, 2019) Primary sponsor of Leeuwarden, Groningen and Amsterdam In the Netherlands, Using a variety of Aegon is the #2 distribution channels Dutch provider of
Slide 25: Europe at a glance
Europe at a glance Aegon UK enables customers to create the tomorrow they want Aegon UK’s main Over 2,300 Various partnerships with organizations offices are in employees Edinburgh and (June 30, 2019) that make a social impact, such as: London In the UK, Aegon Leading position for focuses on award-w
Slide 26: Europe at a glance
Europe at a glance Southern & Eastern Europe Present in Hungary, 2,760 employees Growth potential and Poland, Romania & (June 30, 2019) Turkey strong partnerships In Spain & Portugal, Successful Aegon distribution through Direct portal for Southern & strong partnerships non-life in Hungary Eastern w
Slide 27: Asia at a glance
Asia at a glance A few key indicators Underlying earnings before tax Revenue-generating investments By line of business – full year 2018 June 30, 2019 -15 High net worth businesses 9 €65 Aegon Insights million Strategic partnerships 71 $8.6 billion 27
Slide 28: Asia at a glance
Asia at a glance A key long-term growth market for Aegon Active with TLB, Over 1,600 Aegon’s regional office in Hong Kong Aegon Insights, and employees joint ventures in (June 30. 2019; oversees and supports excluding agents) China, India, Japan Leading position in Aegon’s digital business India wit
Slide 29: Aegon Asset Management at a glance
Aegon Asset Management at a glance A few key indicators Underlying earnings before tax Assets under management By line of business – full year 2018 June 30, 2019 Americas 62 69 Europe €151 million Rest of World Strategic partnerships -10 31 €339 billion 29
Slide 30: Aegon Asset Management at a glance
Aegon Asset Management at a glance A global investment manager for institutional, wholesale & retail clients Businesses and Over 1,500 Aegon Asset Management’s partnerships in the employees Americas, the (June 30, 2019) specialist teams provide Netherlands, UK, France, Central & Eastern Europe and A
Slide 31: Aegon's Management Board
Aegon’s Management Board Alex Wynaendts Matt Rider Allegra van Hövell-Patrizi Mark Mullin Marco Keim CEO CFO CRO CEO Americas CEO Continental Europe Adrian Grace Bas NieuweWeme Mark Bloom Onno van Klinken Carla Mahieu CEO UK CEO Asset Management CTO General Counsel Global Head HR Note: Executive Boa