Mapfre Sa · BME:MAP
Mapfre Sa — Investor Presentation (2007)
23 slides from Mapfre Sa's investor presentation, 2007
Slide 1: A presentation of MAPFRE
A presentation of MAPFRE fu ~
Slide 2: A profile of MAPFRE
A profile of MAPFRE MAPFRE is an independent Spanish group which carries out activities in the fields of insurance, reinsurance, financial services, property development and services primarily in Spain, Europe and Latin America It is Spain’s leading insurance group, with market shares of 17.3% (Non-
Slide 3: Selected historical milestones
Selected historical milestones MARKET SHARE IN SPAIN MAPFRE is created as an agricultural mutual insurer. 1933 0.5% MAPFRE MUTUALIDAD begins operating in Motor 1953 0.8% insurance. MAPFRE MUTUALIDAD specialises in Motor insurance 1970 1.8% and sets up subsidiaries for the Non-life and Life lines. CO
Slide 4: Ownership and organisational chart
Ownership and organisational chart MAPFRE S.A. 51% 88% MAPFRE - CAJA MADRID HOLDING MAPFRE RE MAPFRE VIDA MAPFRE MAPFRE MAPFRE MAPFRE 100% 100% 87% 88% MAPFRE INVERSIÓN 100% 100% MAPFRE SEGUROS AUTO- INMUEBLES AMÉRICA MAPFRE VIDA AMÉRICA PENSIONES GENERALES MÓVILES VIDA 100% MAPFRE ASISTENCIA 100% M
Slide 5: Distribution networks
Distribution networks 2,910 MAPFRE NETWORK 2,788 2,861 IN SPAIN 2,725 2,637 1,655 MAPFRE NETWORK IN LATIN AMERICA 922 1,284 705 542 99 102 128 137 MAPFRE NETWORK IN 51 OTHER COUNTRIES 2002 2003 2004 2005 2006 5 Nº 2007-7
Slide 6: Shareholders
Shareholders(1) FREE FLOAT 28% FUNDACIÓN MAPFRE 72% (1) After the capital increase carried out in January 2007 (2) FUNDACION MAPFRE is a non-profit charitable organisation, whose principal aims are: promoting Safety, and especially Road Safety; supporting research, teaching and scientific disseminat
Slide 7: Premiums
Premiums 10,933 10,110 8,919 7,632 7,742 7,589 5,797 2000 2001 2002 2003 2004 2005 2006 SPANISH GAAP (1) IFRS (2) (1) Data for SISTEMA MAPFRE Million euros (2) Pro forma figures for MAPFRE S.A. All pro forma figures contained herein have been prepared solely for comparative purposes on the basis of
Slide 8: Breakdown of premiums
Breakdown of premiums(1) 2005 2006 Reinsurance Reinsurance Life (Spain) Life (Spain) 12.5% 12.4% 17.9% 16.3% Life (Abroad) Life (Abroad) 4.3% Non-Life (Abroad) 3.2% 18.4% Non-Life (Abroad) 20.6% Non-Life (Spain) Non-Life (Spain) 48.0% 46.4% € 10,110.1 million + 8.1% € 10,932.7 million (1) Aggregated
Slide 9: Combined ratio
Combined ratio(1) 95.6% 93.9% 2005 2006 (1) Consolidated pro forma figures for MAPFRE S.A. 9 Nº 2007-7
Slide 10: Funds under management
Funds under management(1) 20,536 19,585 + 4.9% 1,493 1,287 3,097 3,777 Pension funds Mutual funds Life assurance 15,200 15,266 technical reserves 2005 2006 Million euros (1) Consolidated pro forma figures for MAPFRE S.A. 10 Nº 2007-7
Slide 11: Profit before tax
Profit before tax 1,156 872 739 606 440 316 244 2000 2001 2002 2003 2004 2005 2006 SPANISH GAAP (1) IFRS (2) Million euros (1) Data for SISTEMA MAPFRE (2) Consolidated pro forma figures for MAPFRE S.A. 11 Nº 2007-7
Slide 12: Profits breakdown
Profits breakdown(1) 2005 2006 Reinsurance Life (Spain) Reinsurance 9.7% 11.2% Life (Spain) 12.6% 10.8% Life (Abroad) Life (Abroad) 2.7% 3.4% Non-Life (Abroad) Non-Life (Abroad) 14.8% 12.0% Non-Life (Spain) Non-Life (Spain) 60.2% 62.5% € 458.3 million + 33.1% € 610.2 million (1) Profit after tax and
Slide 13: Dividends per share
Dividends per share(1) : 0.090 0 6 /05 Var 0.6% +4 0.064 0.054 0.042 0.038 2002 2003 2004 2005 2006 Euros (1) Dividends paid for the fiscal year (interim dividend + final dividend). Figures adjusted for the 5-for-1 share split carried out on 28th October 2006 13 Nº 2007-7
Slide 14: Share price (base: 100)
Share price (base: 100) MAPFRE S.A. +173.7% IBEX 35 +68.5% DJ STOXX INSURANCE -11.2% 2002 2003 2004 2005 2006 14 Nº 2007-7
Slide 15: Strategy
Strategy Over the long term, MAPFRE seeks to: – increase competitiveness, growth potential and results – consolidate the position as Spain’s leading insurer – lay the grounds for a presence in direct insurance in Western European markets – strengthen the presence in Latin America as one of the large
Slide 16: 2007-2009 objectives
2007- 2009 objectives MAPFRE S.A. has set the following objectives for fiscal years 2007 – 2009: Direct Non-life attain in direct Non-life insurance higher growth rates than those obtained by insurance the market of each country Life insurance achieve increases in the volume of funds under managemen
Slide 17: Spanish business
Spanish business MAPFRE became Spain’s largest insurance group in 1983 and has retained that position ever since It ranks among the top 5 players in most business lines, being of noteworthy mention: – No. 1 in Motor insurance, with 5.7 million vehicles insured and a market share of 20.3% in 2006 – N
Slide 18: Market shares in Spain - total direct insurance 2006
Market shares in Spain - total direct insurance 2006(1) 13.5% 6.7% 5.0% 4.9% 4.9% 3.7% 3.6% 3.6% 3.3% 3.0% MAPFRE Axa Allianz Generali Santander Zurich Aviva Caser Caifor Ibercaja Winterthur (1) Provisional figures. Source: ICEA 18 Nº 2007-7
Slide 19: Foreign business activities
Foreign business activities The foreign operations make up the fastest growing part of MAPFRE’s business The main Units and Companies that make them up are: – The AMERICA OPERATING UNIT, which operates in 12 countries across Latin America – MAPFRE RE, a specialist reinsurer, which operates primarily
Slide 20: Latin American business
Latin American business For the first time, MAPFRE ranked as It also moved up two places in the the largest Non-life insurance group in overall ranking(1) Latin America by volume of premiums(1) NON-LIFE RANKING OVERALL RANKING (LIFE AND NON-LIFE) 2005 2004 2005 2004 Market Market Market Market share
Slide 21: Key financial data
Key financial data(1) 2006 2005 % 06/05 Non-Life gross written and accepted premiums 8,452.2 7,801.1 8.3% Life gross written and accepted premiums 2,480.5 2,309.0 7.4% Total gross written and accepted premiums 10,932.7 10,110.1 8.1% Net income, group share 610.2 458.3 33.1% Total assets 33,717.8 32,
Slide 22: Investor Relations Department
Investor Relations Department Luigi Lubelli Finance Director +34-91-581-6071 Alberto Fernández Sanguino +34-91-581-2255 Beatriz Izard Pereda +34-91-581-2061 Antonio Triguero Sánchez +34-91-581-5211 Marisa Godino Alvarez Assistant +34-91-581-2985 MAPFRE S.A. Investor Relations Department Carretera de
Slide 23: Disclaimer
Disclaimer This document is purely informative. Its content does not constitute, nor can it be interpreted as, an offer or an invitation to sell, exchange or buy, and it is not binding on the issuer in any way. The information about the plans of the Company, its evolution, its results and its divide