TIDMPRU
RNS Number : 4981A
Prudential PLC
02 June 2021
2 June 2021
Prudential plc virtual investor conference
Prudential plc ("Prudential") is holding a virtual conference
for investors and analysts which commenced with pre-recorded videos
and supporting materials covering key markets and capabilities on
28 May 2021. A live event including presentations by the Group's
senior leadership will start at 6pm (Hong Kong Time) / 11am (UK
Time) today.
The presentations focus on Prudential's Asia and Africa
continuing operations and highlight how we are executing on our
strategy in these high-growth businesses, and delivering long-term
profitable returns to shareholders with a focus on double-digit
growth in embedded value per share.
Mike Wells, Group Chief Executive of Prudential, said: "During
this interactive event, we will explain how Prudential's ongoing
transformation into an exclusively Asia and Africa-focused company
is creating tangible long-term value. We will highlight how we
deliver on our purpose, which is to help people get the most out of
life by enabling them to become healthier and wealthier. The
virtual medium enables us to bring to life the innovation and
progress occurring throughout our Group. Our operational management
teams will explain how our commitment, rapid digitalisation and
focus on people and culture is translating into an improved
experience for our existing customers and is developing the
capacity to reach 50 million customers by 2025."
"Prudential has a differentiated equity story to tell, which is
a distinctive combination of supportive structural trends across
our diversified Asia and Africa footprint, with an advantaged
multi-channel insurance and asset management platform. We believe
we have a highly sustainable shareholder value proposition, with
health and protection accounting for about two thirds of our
business(1) . We hope investors and analysts will join us to
interact with our operational management teams and learn more about
the journey we are on, and the opportunities that lie ahead."
All pre-recorded videos and supporting materials have been
published on a dedicated digital platform, details of which are
available on the Group's website www.prudentialplc.com . The live
event on 2 June 2021 uses the same dedicated digital platform. The
presentations for this live event will be available on the website
from 6pm (Hong Kong Time) / 11am (UK Time) on 2 June 2021. After
the event has concluded, all pre-recorded videos, supporting
materials and transcripts will also be published on the
website.
The event will not cover Prudential's US business, Jackson,
which is expected to separate from the Group through a demerger in
the second half of 2021, subject to shareholder and regulatory
approvals. A Business and Jackson demerger update for the 2021
Annual General Meeting was provided on 13 May 2021.
Contact:
Media Investors/Analysts
Jonathan Oliver +44 (0)20 3977 9500 Patrick Bowes +44 (0)20 3977 9702
Tom Willetts +44 (0)20 3977 9760 William Elderkin +44 (0)20 3977 9215
Notes
1 Health and protection represented 65% of Asia life value of
In-force at 31 December 2020; 65% of Asia 2020 new business
profit.
Notes to editors
Investor conference
Analysts and investors who have not yet registered for the
conference may do so at Contact@PrudentialInvestorDay.com
Registered attendees will have received joining instructions by
separate mail.
Agenda
HK time (UK time)
----------------------------------------------
Friday 28 May Virtual Showcase
----------------------- ---------------------------------------------------------------------------------------------
Available to view from Topic - Markets Topic - Capabilities
09.00 (02.00)
Africa Business@Pulse
China and Hong Kong Eastspring
India (Life) Futuready
India (Asset Management) New Wave Partners
Indonesia Pulse Health & Wealth
Philippines
Thailand
----------------------- ---------------------------------------------- ---------------------------------------------
Wednesday 2 June Live Event
----------------------- ---------------------------------------------------------------------------------------------
Topic Speaker
18.00 (11.00) Overview of Prudential plc, Key Capabilities Mike Wells
and Strategy
18.20 (11.20) Delivery of the Strategy in the Asia and Nic Nicandrou
Africa Businesses
18.40 (11.40) Translating Strategy Into Value Mark FitzPatrick
19.00 (12.00) Q&A Mike Wells, Mark FitzPatrick, James Turner,
Nic Nicandrou, Ben Bulmer
19.35 (12.35) Panel Q&A Markets Nic Nicandrou, Derek Yung, Jens Reisch,
Lilian Ng, Nimesh Shah, NS Kannan, Robin
Spencer,
Wilf Blackburn
20.35 (13.35) Panel Q&A Capabilities Nic Nicandrou, Al-Noor Ramji, Dennis Tan,
Divine H. Furagganan, Jennifer Villalobos,
Lilian
Ng, Nini Sumohandoyo, Wai-Kwong Seck
21.35 (14.35) Investment Case, Final Q&A and Closing Mike Wells, Mark FitzPatrick, James Turner,
Remarks Nic Nicandrou, Ben Bulmer
----------------------- ---------------------------------------------- ---------------------------------------------
About Prudential plc
Prudential plc is an Asia-led portfolio of businesses focused on
structural growth markets. The business helps people get the most
out of life through life and health insurance and retirement and
asset management solutions. Prudential plc has 17 million life
customers in its Asia and Africa businesses and is listed on stock
exchanges in London, Hong Kong, Singapore and New York. Prudential
plc is not affiliated in any manner with Prudential Financial, Inc.
a company whose principal place of business is in the United States
of America, nor with The Prudential Assurance Company Limited, a
subsidiary of M&G plc, a company incorporated in the United
Kingdom.
Forward-Looking Statements
This document may contain 'forward-looking statements' with
respect to certain of Prudential's plans and its goals and
expectations relating to its and Jackson's future financial
condition, performance, results, strategy and objectives.
Statements that are not historical facts, including statements
about Prudential's beliefs and expectations and including, without
limitation, statements containing the words 'may', 'will',
'should', 'continue', 'aims', 'estimates', 'projects', 'believes',
'intends', 'expects', 'plans', 'seeks' and 'anticipates', and words
of similar meaning, are forward-looking statements. These
statements are based on plans, estimates and projections as at the
time they are made, and therefore undue reliance should not be
placed on them. By their nature, all forward-looking statements
involve risk and uncertainty.
A number of important factors could cause Prudential's and
Jackson's actual future financial condition or performance or other
indicated results of the entity referred to in any forward-looking
statement to differ materially from those indicated in such
forward-looking statement. Such factors include, but are not
limited to, the ability to complete the proposed demerger of
Jackson Financial Inc. in the anticipated timeframe or at all; the
ability of the management of Jackson Financial Inc. and its group
to deliver on its business plan post-separation; the impact of the
current Covid-19 pandemic, including adverse financial market and
liquidity impacts, responses and actions taken by regulators and
supervisors, the impact to sales, claims and assumptions and
increased product lapses, disruption to Prudential's operations
(and those of its suppliers and partners), risks associated with
new sales processes and information security risks; future market
conditions, including fluctuations in interest rates and exchange
rates, the potential for a sustained low-interest rate environment,
and the impact of economic uncertainty, asset valuation impacts
from the transition to a lower carbon economy, derivative
instruments not effectively hedging exposures arising from product
guarantees, inflation and deflation and the performance of
financial markets generally; global political uncertainties,
including the potential for increased friction in cross-border
trade and the exercise of executive powers to restrict trade,
financial transactions, capital movements and/or investment; the
policies and actions of regulatory authorities, including, in
particular, the policies and actions of the Hong Kong Insurance
Authority, as Prudential's Group-wide supervisor, as well as new
government initiatives generally; given its designation as an
Internationally Active Insurance Group, the impact on Prudential of
systemic risk and other group supervision policy standards adopted
by the International Association of Insurance Supervisors; the
impact of competition
and fast-paced technological change; the effect on Prudential's
business and results from, in particular, mortality and morbidity
trends, lapse rates and policy renewal rates; the physical, social
and financial impacts of climate change and global health crises on
Prudential's business and operations; the timing, impact and other
uncertainties of future acquisitions or combinations within
relevant industries; the impact of internal transformation projects
and other strategic actions failing to meet their objectives; the
effectiveness of reinsurance for Prudential's businesses; the risk
that Prudential's operational resilience (or that of its suppliers
and partners) may prove to be inadequate, including in relation to
operational disruption due to external events; disruption to the
availability, confidentiality or integrity of Prudential's
information technology, digital systems and data (or those of its
suppliers and partners); any ongoing impact on Prudential of the
demerger of M&G plc and, if and when completed, the demerger of
Jackson Financial Inc.; the impact of changes in capital, solvency
standards, accounting standards or relevant regulatory frameworks,
and tax and other legislation and regulations in the jurisdictions
in which Prudential and its affiliates operate; the impact of legal
and regulatory actions, investigations and disputes; and the impact
of not adequately responding to environmental, social and
governance issues. These and other important factors may, for
example, result in changes to assumptions used for determining
results of operations or re-estimations of reserves for future
policy benefits. Further discussion of these and other important
factors that could cause Prudential's or Jackson's actual future
financial condition or performance or other indicated results of
the entity referred to in any forward-looking statements to differ,
possibly materially, from those anticipated in Prudential's
forward-looking statements can be found under the 'Risk Factors'
heading in Prudential's 2020 Annual Report and the 'Risk Factors'
heading of Prudential's most recent annual report on Form 20-F
filed with the U.S. Securities and Exchange Commission (" SEC ").
Prudential's most recent Annual Report and Form 20-F are available
on its website at www.prudentialplc.com .
Any forward-looking statements contained in this document speak
only as of the date on which they are made. Prudential expressly
disclaims any obligation to update any of the forward-looking
statements contained in this document or any other forward-looking
statements it may make, whether as a result of future events, new
information or otherwise except as required pursuant to the UK
Prospectus Rules, the UK Listing Rules, the UK Disclosure Guidance
and Transparency Rules, the Hong Kong Listing Rules, the SGX-ST
listing rules or other applicable laws and regulations. Prudential
may also make or disclose written and/or oral forward-looking
statements in reports filed with or furnished to the FCA, the SEC
or other regulatory authorities, as well as in its annual report
and accounts to shareholders, periodic financial reports to
shareholders, proxy statements, offering circulars, registration
statements, prospectuses and prospectus supplements, press releases
and other written materials and in oral statements made by
directors, officers or employees of Prudential to third parties,
including financial analysts. All such forward-looking statements
are qualified in their entirety by reference to the factors
discussed under the 'Risk Factors' heading in Prudential's 2020
Annual Report and the 'Risk Factors' heading of Prudential's most
recent annual report on Form 20-F filed with the SEC. These factors
are not exhaustive as Prudential operates in a continually changing
business environment with new risks emerging from time to time that
it may be unable to predict or that it currently does not expect to
have a material adverse effect on its business.
Cautionary statements
This document does not constitute or form part of any offer or
invitation to purchase, acquire, subscribe for, sell, dispose of or
issue, or any solicitation of any offer to purchase, acquire,
subscribe for, sell or dispose of, any securities in any
jurisdiction nor shall it (or any part of it) or the fact of its
distribution, form the basis of, or be relied on in connection
with, any contract therefor. The securities referred to in this
document have not been and will not be registered under the U.S.
Securities Act of 1933, as amended (the " U.S. Securities Act " ),
and may not be offered or sold in the United States or to, or for
the account or benefit of, U.S. persons (as such term is defined in
Regulation S under the U.S. Securities Act) absent registration or
an exemption from, or in a transaction not subject to, the
registration requirements of the U.S. Securities Act and in
accordance with applicable U.S. state securities laws. Prudential
does not intend to register any securities referred to herein in
the United States or to conduct a public offering of securities in
the United States.
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END
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