Allianz SE · XETR:ALV

Allianz — HypoVereinsbank German Investment Conference 2006

21 slides from Allianz's conference presentation, Sep 28, 2006

  1. Slide 1: Allianz at a glance

    Oliver Schmidt Allianz at a glance HypoVereinsbank German Investment Conference September 28, 2006

  2. Slide 2: Agenda

    Agenda I. Financials II. Strategic initiatives III. Outlook IV. Appendix 0609_CL_HVB-GIC_FINAL © Allianz AG 2006 2

  3. Slide 3: Allianz Group 2005

    I. Financials Allianz Group 2005 Revenue split EUR 101 bn total revenues Asset Management 3% EUR 743 bn 3rd party AuM Banking P/C EUR 8.0 bn operating profit 6% 43% L/H EUR 56 bn1 market cap 48% 0609_CL_HVB-GIC_FINAL Rest of world2 7% NAFTA Germany 20% 32% © Allianz AG 2006 Rest of Europe2 41% 1) 09

  4. Slide 4: Group overview: excellent results but no room for complacency

    I. Financials Group overview: excellent results but no room for complacency Internal Total revenues (EUR bn) growth: Operating profit (EUR m) +1.7% +1.6% +19.1% 28.3 29.6 2,677 2,794 23.7 23.8 25.2 24.1 2,346 1,887 1,864 1,906 1Q 2Q 3Q 4Q 1Q 2Q 1Q 2Q 3Q 4Q 1Q 2Q 2005 2006 2005 2006 Net income (EUR m

  5. Slide 5: Operating profit: all segments improve

    I. Financials Operating profit1: all segments improve (EUR m) Business segments Property/Casualty Life/Health ƒ Disciplined underwriting +11.8% +11.7% P/C ƒ 91.9% combined ratio 1,650 1,845 472 527 ƒ Volume, yield and harvesting Life drive investment income 2Q 05 2Q 06 2Q 05 2Q 06 ƒ Improving shareh

  6. Slide 6: Strong capital base

    I. Financials Strong capital base (EUR bn) Shareholders’ equity1 Conglomerate solvency Risk capital Requirement Solvency ratio Risk capital requirement Coverage ratio Available Funds Available risk-bearing funds +2.1% 120% 162% 166% 143% 157% 159% 39.5 40.3 57.3 56.0 30.0 50.1 0609_CL_HVB-GIC_FINAL

  7. Slide 7: Agenda

    Agenda I. Financials II. Strategic initiatives III. Outlook IV. Appendix 0609_CL_HVB-GIC_FINAL © Allianz AG 2006 7

  8. Slide 8: +One: Profitable Growth based on comprehensive activity-pipeline

    II. Strategic initiatives +One: Profitable Growth based on comprehensive activity-pipeline Growth Reorgani- Reorgani- Integrated Pipe- Sustain- Customer Euro- TOM zation zation Financial Growth line ability Focus efficiency Dresdner AGR Services initiatives 0609_CL_HVB-GIC_FINAL Bank AMA Provider Pr

  9. Slide 9: Sustainability: best practice made common practice

    II. Strategic initiatives Sustainability: best practice made common practice Expected IFRS improvement before tax and min., after restructuring costs In EUR m Wave 1 P/C1 730 Life2 650 ƒ Group-wide roll-out of best practice 440 480 know-how 420 0609_CL_HVB-GIC_FINAL 270 220 ƒ Develop superior 60 bus

  10. Slide 10: Customer focus: satisfied customers generate growth

    II. Strategic initiatives Customer focus: satisfied customers generate growth Measures number of promoters Growth of gross premiums1 “Would you recommend 5.7% your insurance company to your friends?” Satisfaction of Allianz customers Defined 0609_CL_HVB-GIC_FINAL target 0.03% Allianz Allianz Competi

  11. Slide 11: Eurofficiency: streamlining of operations and structures

    II. Strategic initiatives Eurofficiency: streamlining of operations and structures Where do we come from? Where do we go? 55.4% Allianz AG RAS Allianz SE Allianz Leben 91% 100% ADAG Allianz Health 100% 100% 100% Allianz P/C RAS 99.7% Lloyd Adriatico 99.7% Lloyd Adriatico 90% BVB 30.2% Allianz Suisse

  12. Slide 12: TOM Germany: implementation of best-in-class business model

    II. Strategic initiatives TOM Germany: implementation of best-in-class business model Starting position Status today Target Allianz AG ƒ German Insurance Allianz SE Holding established ƒ Top management team P/C Life Health in place German Insurance Holding e don Operations Operations Operations ƒ Di

  13. Slide 13: Reorganization Dresdner Bank: focus on customer and operational excellence

    II. Strategic initiatives Reorganization Dresdner Bank: focus on customer and operational excellence Where do we come from? Where do we go? Private & Business 0609_CL_HVB-GIC_FINAL Corporate & Clients Investment Banking PeB PBB CB DrKW Distribution © Allianz AG 2006 Services 13

  14. Slide 14: Integrated Financial Services Provider: potential for further optimization

    II. Strategic initiatives Integrated Financial Services Provider: potential for further optimization Germany Home-loan business since 2002: Saving Searching Financing Securing Renovating Gross new business +54% Market share +33% Home-loan contract Life insurance Home-loan Home-loan Saving plan finan

  15. Slide 15: Growth markets: strong position in key markets

    II. Strategic initiatives Growth markets: strong position in key markets New Europe (CEE) + Asia-Pacific 2005 ƒ EUR 8.9bn GPW (stat.)1 ƒ EUR 439m net income1 ƒ 23 countries GPW (stat.)1: ƒ 18,300 employees EUR 8.9bn ƒ 155,000 agents L/H 53% 0609_CL_HVB-GIC_FINAL 47% P/C 4.7 4.2 © Allianz AG 2006 Gro

  16. Slide 16: Agenda

    Agenda I. Financials II. Strategic initiatives III. Outlook IV. Appendix 0609_CL_HVB-GIC_FINAL © Allianz AG 2006 16

  17. Slide 17: Outlook 2006: we expect full-year operating profit to exceed EUR 9.0bn

    III. Outlook Outlook 2006: we expect full-year operating profit to exceed EUR 9.0bn Outlook higher than EUR 5.5 – 6.0bn EUR 9.0bn Merger plan EUR 8.7bn EUR 4.9bn 0609_CL_HVB-GIC_FINAL Operating profit Net income © Allianz AG 2006 Caveats: - Nat Cat development unpredictable - Capital market risk 17

  18. Slide 18: Agenda

    Agenda I. Financials II. Strategic initiatives III. Outlook IV. Appendix 0609_CL_HVB-GIC_FINAL © Allianz AG 2006 18

  19. Slide 19: Investor Relations contacts

    IV. Appendix Investor Relations contacts Oliver Schmidt Tel. +49 (0) 89 3800-3963 Holger Klotz Tel. +49 (0) 89 3800-18124 Head of e-mail: e-mail: [email protected] Investor Relations [email protected] Susanne Arheit Tel. +49 (0) 89 3800-3324 Christian Tel. +49 (0) 89 3800-3892 Lampre

  20. Slide 20: Financial calendar 2006/2007

    IV. Appendix Financial calendar 2006/20071 10 November 2006 Interim report first three quarters of 2006 22 February 2007 Financial press conference for the 2006 fiscal year 23 February 2007 Analysts’ conference for the 2006 fiscal year 02 May 2007 Annual General Meeting 11 May 2007 Interim report fi

  21. Slide 21: Disclaimer

    IV. Appendix Disclaimer These assessments are, as always, subject to the disclaimer provided below. Cautionary Note Regarding Forward-Looking Statements Certain of the statements contained herein may be statements of future expectations and other forward-looking statements that are based on manageme

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