Allianz SE · XETR:ALV
Allianz — Non-Deal Roadshow (October 2005)
14 slides from Allianz's roadshow presentation, October 2005
Slide 1: Profitable Growth: Roadshow USA / Canada
ProfitableGrowth Roadshow USA / Canada October 2005
Slide 2: Disclaimer
Disclaimer The following statements are subject to the disclaimer provided below. Forward-Looking Statements Certain statements made in this communication are forward-looking statements. Although Allianz’ management believes that the expectations reflected in such forward-looking statements are reas
Slide 3: Allianz Group at a glance
Allianz Group at a glance Close to EUR 100bn total revenues1 Revenue split1 More than 60 million customers Asset Mgmt. 2.6% Over EUR 1,200bn assets under management2 Banking P/C 6.4% 44.4% More than EUR 45bn market capitalization L/H Strong 1H 2005 results3: 46.6%% - Operating profit +30.4
Slide 4: The "3 + One" program: a promise is a promise
The “3 + One” program: a promise is a promise Back to basics Protect and enhance capital base 1 Substantially strengthen operating profitability 2 Reduce complexity 3 Building the future + One Increase sustainable competitiveness and shareholder value © Allianz AG 2005 4
Slide 5: Sound capital base and sophisticated risk control
Sound capital base and sophisticated risk control “3 + One” program 1H 03 1H 04 1H 05 CAGR1 Protect and enhance 1 capital base 37.3 34.1 36.1 Risk capital -1.6%-p. (in EUR bn) Substantially strengthen 2 operating profitability 36.8 26.3 28.7 Shareholders’ +16.3% equity Reduce (in EUR bn) 3 complexit
Slide 6: Improved operating profit in all segments
Improved operating profit in all segments Operating profit1 (in EUR m) 1H 03 1H 04 1H 05 CAGR2 2,394 Protect and enhance 1,760 1 capital base P/C 1,316 +34.9% 670 805 Substantially strengthen 565 2 operating profitability L/H +19.4% Reduce 409 488 3 complexity Banking n.a. -45 486 © Allianz AG 2005
Slide 7: Quantum leap through "Eurofficiency" project
Quantum leap through “Eurofficiency” project “3 + One” program Protect and enhance 1 capital base Substantially strengthen 2 operating profitability “Eurofficiency” Reduce 3 complexity © Allianz AG 2005 + Increase sustainable One competitiveness shareholder value and 7
Slide 8: Merger of RAS into Allianz
Merger of RAS into Allianz Key facts1 Merger of RAS into Allianz Allianz RAS Cash exit right for RAS Revenues: 96.9bn Merger Revenues: 16.4bn shareholders Net profit2: 3.4bn Net profit2: 0.7bn Voluntary cash tender offer 44.6% with 15% premium on 3m third-party average share price and sharehol
Slide 9: Significant complexity reduction through streamlining of European insurance operations
Significant complexity reduction through streamlining of European insurance operations Pre transaction structure Post transaction structure 55.4% Allianz AG RAS Allianz SE 91% 100% German Life Germany Holding 100% 100% German Health RAS 100% German P/C 99.7% Lloyd Adriatico 99.7% 100% Lloyd Adriatic
Slide 10: Simplification of German insurance structures
Simplification of German insurance structures Today Planned Allianz AG Allianz SE Life P/C Health German Insurance Holding Adminis- Adminis- Adminis- tration tration tration Life P/C Health Distrib. Administration Distribution Distrib. Distrib. Distribution © Allianz AG 2005 16 regional headquarters
Slide 11: Sustainability program – potential ramp-up
Sustainability program – potential ramp-up Expected IFRS improvement before tax and min., after restructuring costs In EUR m Full management P/C1 730 commitment Life2 650 Ramp-up of 1st wave includes 440 480 420 - only 11 countries 270 220 - in P/C only motor 60 - not all functional areas 210 22
Slide 12: Customer Focus initiative – key elements
Customer Focus initiative – key elements Program Measurements Objectives Initiated in January 2005 Retention ratio Retain customers Deliver superior customer experience across the entire value chain - focus on pilot operational entities Customer acquisition Acquire new customers - all functi
Slide 13: New initiatives create additional growth and profit potential
New initiatives create additional growth and profit potential Centralized Growth distribution Sustain- German Merger European Sustain- Customer Next steps ability insurance RAS into complexity ability Focus 1. wave holding Allianz reduction 2. wave Italian integration1 Profitability © Allianz AG 200
Slide 14: Summary: Profitable Growth!
Summary: ProfitableGrowth! “3 + One” program on track Financial targets Efficient corporate Governance Operational targets 2005 - Conversion into SE - P/C: Combined ratio < 95% - Reorganization of holding board - L/H: Operating profit EUR 1.5bn - Banking: Earning CoC Strengthening of core business -