Axa Sa · EURONEXT:CS
Axa Sa — Investor Day (November 2014)
13 slides from Axa Sa's investor day presentation, Nov 20, 2014
Slide 1: AXA Life & Savings: Transforming the business in line with Ambition AXA
AXA LIFE & SAVINGS Transforming the business in line with Ambition AXA Investor Day November 20, 2014 Jacques DE VAUCLEROY – Global Head of AXA Global L&S CEO for Northern, Central and Eastern Europe region Member of AXA Group Management Committee
Slide 2: Forward-looking statements
Certain statements contained herein are forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and
Slide 3: Key Messages
KEY MESSAGES AXA – A LEADING LIFE INSURANCE COMPANY WITH A STRONG FOOTPRINT IN HIGH GROWTH MARKETS TRANSFORMING THE BUSINESS IN LINE WITH AMBITION AXA RESILIENT IN THE LOW INTEREST RATE ENVIRONMENT A3 | AXA Investor Day – Life & Savings I November, 20 2014
Slide 4: AXA is a leading insurance company
AXA IS A LEADING INSURANCE COMPANY… Strong position in life insurance market Global footprint Revenues in Euro billion at FY13 (company data1) Ranking at FY132 58 55 1 2 3 46 4 6 21 Switzerland Indonesia France Hong Kong Italy 16 Belgium Germany Operating Free Cash Flow growth Geographical diversifi
Slide 5: With a strong footprint in high growth markets
… WITH A STRONG FOOTPRINT IN HIGH GROWTH MARKETS 1H14 Growing contribution from high growth markets Hong Kong APE 226 in Euro million 16% +7 pts Thailand Contribution to 91 Group Life & 17% Savings APE vs. 1H10 at 1H14 Operations in over 47 Indonesia 15 high growth 23% +5 pts markets Contribution
Slide 6: Transforming the business in line with evolving client needs
WE HAVE BEEN TRANSFORMING THE BUSINESS IN LINE WITH THE EVOLVING CLIENT NEEDS Client demand AXA strategy Agile shift in business mix L&S APE Actively grow Protection & Health1 business Reshape General Account Savings offer Secure healthcare costs Diversify Unit-Linked product offer 31% 1 39% P
Slide 7: Transformation strategy enables profitable growth and value creation
THIS TRANSFORMATION STRATEGY ENABLES US TO ACHIEVE PROFITABLE GROWTH & VALUE CREATION Topline and earnings growth… …strengthened by increase in profitability CAGR +3% 6.2 6.3 14% 5.8 5.7 13% 11% 12% APE (in Euro billion) NBV margin 22% 25% 31% 35% NB IRR 2010 2011 2012 2013 2010 2011 2012 2013 Comp.
Slide 8: On track to deliver an increased cost savings target
ON TRACK TO DELIVER AN INCREASED COST SAVINGS TARGET 2011-2015E Life & Savings cost savings target In Euro billion 0.9 Acquisition costs • Increase distribution efficiency 0.7 • Increase commercial productivity • Leverage procurement savings 0.5 Administrative costs • Maintain flat cost basis as in
Slide 9: Decreased sensitivity to low interest rate environment
DECREASED SENSITIVITY TO LOW INTEREST RATE ENVIRONMENT Strong ALM discipline Large L&S book with ca. Euro 0.4 trillion in General Account invested assets Long fixed income asset duration >7 years with a duration gap maintained around 1 year Resilient fixed income reinvestment rate Sensitivity of L&S
Slide 10: Program of the morning
PROGRAM OF THE MORNING SAVINGS & RETIREMENT – NEW BUSINESS: SUCCESSFUL TRANSFORMATION AND POSITIVE MOMENTUM ON GROWTH OPPORTUNITIES INFORCE MANAGEMENT: A STRATEGIC ASSET ZOOM ON AXA US: STRONG MOMENTUM IN US BUSINESS ZOOM ON AXA FRANCE: SUCCESSFULLY TRANSFORMING SAVINGS AND RETIREMENT A10 | AXA Inve
Slide 11: Notes
NOTES Page A4 1. Allianz : Revenues from “Statutory premiums” and “ fee and commission income” and “other income” as reported in 2013 Annual Report under « Life/Health Insurance Operations ». AXA: Revenues from “Consolidated gross revenues” as reported in 2013 Annual Report under “AXA Activity indic
Slide 12: Appendix
Appendix
Slide 13: Biography: Jacques de Vaucleroy
BIOGRAPHY JACQUES DE VAUCLEROY MEMBER OF THE AXA MANAGEMENT COMMITTEE GLOBAL HEAD OF LIFE & SAVINGS AND HEALTH CEO NORCEE REGION Jacques is Member of the AXA Management Committee, Chief Executive Officer for the Northern, Central and Eastern Europe and Global Head of Life & Savings and Health. He