Nib Holdings Ltd · ASX:NHF
Nib — Shareholder Meeting (November 2022)
30 slides from Nib's shareholder meeting presentation, Nov 18, 2022
Slide 1: 2022 Annual General Meeting
2022 Annual General Meeting 18 November 2022 1
Slide 2: Disclaimer
Disclaimer The material in this presentation is a summary of the results of nib holdings limited (nib) for the 12 months ended 30 June 2022 and an update on nib’s activities for the 4 months ended 31 October 2022. This presentation is current at the date of preparation, being 18 November 2022. Furth
Slide 3: David Gordon, Chairman
David Gordon Chairman 7a:nib (CELEBRATING 70 YEARS
Slide 4: Welcome to Country
Welcome to Country Raymond Smith Awabakal Elder Deputy Chair Awabakal Medical Service Cheryl Smith Aboriginal Elder of the Newcastle Aboriginal Community 4
Slide 5: David Gordon, Chairman
David Gordon Chairman 7a:nib (CELEBRATING 70 YEARS
Slide 6: nib's board and executive
nib’s board and executive Board David Gordon Chairman and Independent Non-Executive Director Lee Ausburn Independent Non-Executive Director Jacqueline Chow Independent Non-Executive Director Peter Harmer Independent Non-Executive Director Anne Loveridge Independent Non-Executive Director Donal O’Dwy
Slide 7: Agenda
Agenda Item 1 Consideration of reports Item 2 Remuneration report Item 3 Re-election of Mr Donal O’Dwyer Item 4 Approval of participation on long-term incentive plan 7
Slide 8: 70th anniversary People's Choice Vote
70th anniversary People’s Choice Vote Scan your QR code Vote 8 8
Slide 9: Chairman's presentation
Chairman’s presentation ate H asni CELEBRATING 70 YEARS
Slide 10: 70 years of nib
70 years of nib Celebrating 70 years of looking after the needs of our members nib provides health insurance to: ~1.5m residents in Australia & New Zealand ~180,000 international students and workers CEO Mark Fitzgibbon celebrates 20 years of outstanding leadership >130,000 shareholders, ASX 200 lis
Slide 11: $145 million COVID-19 support package
COVID-19 $145 million support package $40m in claims savings returned to members Expanded cover for COVID-19 via covid give back1 treatment at no cost $15m in claims savings returned to members Expanded cover for psychology services via covid credit1 at no cost $1.5m in community funding Latest COVI
Slide 12: Health management programs
Health management programs $5m increased investment as part of COVID-19 support package Programs provide access to professional support services ~10,000 members enrolled in FY22 Hospital support program resulted in 16% reduction in hospital readmissions 12
Slide 13: Business segment highlights
Business segment highlights • Premium revenue up 5.2% to $2.3b arhi • Net policyholder growth 3.2% • Increase of ~20,000 members in FY22 • Premium revenue up 12.8% to $291.8m New • Net policyholder growth 5.6% Zealand • New life and living products • Underlying operating loss $7.4m nib • GWP $98.8 m
Slide 14: FY22 Group highlights
FY22 Group highlights Underlying revenue Underlying operating profit $2.8b up 7.2% $235.3m up 14.8% $2.1b in claims paid1 >375,000 hospital admissions >3.6m ancillary visits On-going support for Investment loss indigenous communities $30.0m ($51.8m gain in FY21) Earnings per share Investment in Midn
Slide 15: Midnight Health joint venture with Cigna
• Joint venture with global health services company, Cigna Corporation • Specialist healthcare data science and service company, providing a range of health programs and services Injury support program: SilverCloud Health: • Supported over 500 injured workers • Over 1,600 members using platform • 10
Slide 16: NDIS plan management
• National Disability Insurance Scheme (NDIS) is a vital part of Australia’s social capital. • Over 530k participants in FY22, expected to grow to more than 800k by FY301 • Plan Management is an increasingly popular option for participants with 56%1 electing to use a Plan Manager. • nib raised $158.
Slide 17: Sustainability
Sustainability • Attained Climate Active Carbon Neutral certification • Developed science-based targets to achieve net carbon zero by 2040 • Delivered all outcomes of our Reflect Reconciliation Action Plan • nib supports the Uluru Statement from the Heart in full • Committed >$1m over 4 years to Abo
Slide 18: nib Board of Directors
nib Board of Directors • Succession planning and ensuring we have the right skills mix, diversity and experience is a priority. David Gordon Mark Fitzgibbon Lee Ausburn • Retirement of Lee Chairman Chief Executive Officer Non-executive Director Ausburn at close of 2022 AGM. • Director recruitment pr
Slide 19: Thank you
Thank you ate H asni CELEBRATING 70 YEARS
Slide 20: Mark Fitzgibbon, CEO
Mark Fitzgibbon Chief Executive Officer & Managing Director
Slide 21: Our purpose: Your better health and wellbeing
Our purpose: Your better health and wellbeing Deliver deep insight and guidance about how to best achieve personal health and wellbeing goals and manage disease risk. Customise and connect with a wide ecosystem of health and wellbeing products, services programs and providers relevant to personal go
Slide 22: Payer to partner (P2P) ecosystem
Payer to partner (P2P) ecosystem Insight & Financial guidance Personalisation protection & support Health management and connection Physical - Home - Digital - Virtual Disability GP / primary / Disease Hospital / Allied health Everyday health Pharmacy support diagnostic prevention / specialist (eg.
Slide 23: From purpose to strategy
From purpose to strategy PHI expansion New markets Cost Revenue and Government • Travel containment & value capture and 3rd party In the 12 months insurance affordability programs to October 2022: sales of • Honeysuckle 257,320 ytd2 Health • arhi grew 4.0% • Lowest arhi • Toi Ora ~3,000 • Mens/women
Slide 24: Making it all the more easy
GP Telehealth bookings Planning a visit to your GP? Why not connect from the comfort of your home with telehealth services. ‘Connect now @ Making it all the more easy Finda Provider Look for dentists, hospitals, surgeons and more in our network Q Fm looking for. ‘09. physio or the doctor's name Loca
Slide 25: What gets measured gets done
What gets measured gets done Commercial Purpose • Group revenue • Health and wellbeing • Group underlying index operating profit • Health management • Earnings per share engagement and • Return on invested outcomes capital • Hospital utilisation rate • Group net promoter • Prevalence of chronic scor
Slide 26: July to October FY23 business update
July to October FY23 business update Group Financial 4 mths to 4 mths to Vs PCP • nib continues to perform strongly, Result ($m) 31/10/22 31/10/21 with all businesses contributing. Premium revenue 940.4 898.5 ▲4.7% • arhi has maintained its strong performance Underlying operating 109.5 94.1 ▲16.3% •
Slide 27: Outlook and key issues
Outlook and key issues • Continued growth in Australian resident’s health insurance and New Zealand. Managing eventual reversion to “normal” claims experience and underwriting margins. Possible further member compensation. • Demand for migrant workers adds impetus to international workers business.
Slide 28: Thank you
Thank you ate H asni CELEBRATING 70 YEARS
Slide 29: Appendix
Appendix ate H “ asni CELEBRATING 70 YEARS
Slide 30: July to October FY23 – additional information
July to October FY23 – additional information Group ($m) 4 mths to 4 mths to Change % • Premium revenue growth of 7.0% when 31/10/22 31/10/21 adjusting for impact of member Net premium revenue - reported 940.4 898.5 ▲4.7% givebacks in current period and PCP, driven by strong policyholder growth in A