Aegon Ltd. · EURONEXT:AGN
Aegon — Shareholder Meeting (May 2011)
11 slides from Aegon's shareholder meeting presentation, May 12, 2011
Slide 1: Annual General Meeting of Shareholders AEGON N.V.
Annual General Meeting of Shareholders AEGON N.V. The Hague, May 12, 2011
Slide 2: Execution of strategy
Execution of strategy Commitment to delivering sustainable profitable growth and shareholder returns Alex Wynaendts CEO & Chairman of the Executive Board
Slide 3: AEGON's ambition
AEGON’s ambition “To be a leader in all of our chosen markets by 2015” Reallocate capital Increase returns Optimize ONE AEGON … resulting in sustainable profitable growth 7
Slide 4: Our ambition: To be a leader in all our chosen markets by 2015
Our ambition: To be a leader in all our chosen markets by 2015 Changes in Consequences AEGON Strategy Strategic Priorities the environment for the sector Focus on capital Volatile financial Higher capital efficiency markets requirements Reallocate capital Increased Focus on customer regula
Slide 5: Continued focus on execution of strategy
Continued focus on execution of strategy Reallocate Divestments of Transamerica Reinsurance and Dutch funeral business capital Improved risk profile by reduced exposure to financial markets Further growth fee business, while reducing spread business Focus on new markets Increase Group oper
Slide 6: Transamerica Reinsurance
Transamerica Reinsurance Divestment of Transamerica Reinsurance to global reinsurer SCOR Total after-tax consideration of USD 1.4 billion USD 1.1 billion available to support repayment of Dutch State Closing expected in the summer of this year …divestment supports AEGON’s key priority of rep
Slide 7: Repayment of Dutch State remains priority
Repayment of Dutch State remains priority Repayment Dutch State (EUR billion) Repaid 2.25 0.75 To be repaid before June 30, 2011 Final repayment of EUR 750* million by end June 2011 ► Including premium: EUR 1.125 billion Total premium and interest paid: EUR 1,086 million (IRR: 18%) 11 * Excludin
Slide 8: Medium-term targets
Medium-term targets Underlying earnings Grow on average 7-10% p.a.* from rebased level Return on equity Generate 10-12% medium term Increase fee businesses to 30-35% of annual underlying earnings before tax by 2015 Strong capital Maintain strong capital buffer position Core capital of at l
Slide 9: Integrated approach for sustainability
Integrated approach for sustainability New stakeholder framework Company-wide approach Consistent with business objectives and long-term ambitions Better balancing the interests of all our stakeholders ► Customers ► Business partners ► Employees ► Broader community Safeguards long-term viabi
Slide 10: Elements of an integrated approach
Elements of an integrated approach Customers Employees Business partners Wider community Strengthen brand Global employee Strengthen market Framework for framework survey conduct responsible investment Roll-out of brand Talent & performance Adapt to changing identity management program
Slide 11: Committed to delivering
Committed to delivering Sustainable earnings growth Improved risk-return profile transformed Strong capital position significantly Sustainable cash flows and dividends 15