{ "docId": "019de518-5390-719c-8d22-407bf57c346c", "docSlug": "ed921ac47fb12544aa1f8e31299e3aa7", "documentTitle": "M&G | Results Presentation Deck | 65 slides", "authorId": "m-g", "authorName": "M&G", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2024-03-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 23, "pageCount": 65, "prevPage": 22, "nextPage": 24, "slideType": "kpi_overview", "function": "summarize", "density": "overcrowded", "nDataPoints": 30, "notes": null, "elementsJson": null, "metadataConfidence": 0.9, "imagePath": null, "slideHref": "/slides/019de518-5390-719c-8d22-407bf57c346c/23", "deckHref": "/decks/019de518-5390-719c-8d22-407bf57c346c", "deckJsonHref": "/decks/019de518-5390-719c-8d22-407bf57c346c.json", "deckAnchorHref": "/decks/019de518-5390-719c-8d22-407bf57c346c#slide-23", "components": [ { "bbox": { "h": 0.26, "w": 0.44, "x": 0.53, "y": 0.27 }, "kind": "list", "text": "On a like-for-like basis³, Asset Management revenues are down 2% due to lower average AUM in the period due to the timing of market movements\nAverage revenue fee margin improved from 32 to 33 bps\nOn a like-for-like basis³, costs are up by only 1% thanks to proactive management action offsetting inflationary pressures\nPerformance fees down £26m YoY as the record result of 2022 did not repeat\nInvestment income up meaningfully – from £(5)m to £24m – while minority interests remained largely unchanged – from £(19)m to £(16)m", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "2c1d4d71-4fe1-4e6d-8ec0-55cb0fdc5de9", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.44, "x": 0.53, "y": 0.66 }, "kind": "list", "text": "Life contribution up by 27% year-on-year, with improved results across Traditional With-Profits and Annuities offsetting a small loss in Europe\nTraditional With-Profits benefitted from a larger CSM release (due to a higher opening balance) and better expected returns on excess assets (higher rates)\nAnnuities improvement primarily due to £92m higher return on excess assets", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "598e0f7d-d377-405b-9507-8128d77f0f30", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.44, "x": 0.53, "y": 0.57 }, "kind": "list", "text": "Wealth contribution up by 14% year-on-year, with higher PruFund results offsetting higher losses in Platform, Advice and Other Wealth", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d2aac693-525b-4383-84d2-fa2ef791d94b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.44, "x": 0.53, "y": 0.84 }, "kind": "list", "text": "Corporate Centre benefitted from an increase in Treasury income from £13m to £57m due to higher rates and better investment returns", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "dfb5cf3b-bed6-454a-a599-4f7a1736dc67", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.94, "x": 0.03, "y": 0.95 }, "kind": "source-note", "text": "1. M&G is a majority shareholder in joint ventures in South Africa and Singapore, therefore the revenues and costs from the JVs are fully incorporated in the Asset Management results. The share of profits attributable to minority shareholders is included in the 'minority interest' line;\n2. See slide 41 in the Appendix for additional details; 3. responsAbility was consolidated in July 2022, thus the 2023 Asset Management result includes £20m higher Revenues and £(19)m higher Costs due to the timing of the acquisition", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6925ff0d-94f1-44f8-bf3f-6327b100e49c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.69, "w": 0.47, "x": 0.03, "y": 0.23 }, "kind": "table", "text": "Operating profits by source for 2022 and 2023, including Asset Management, Wealth, Life, and Corporate Centre, totaling 625m in 2022 and 797m in 2023.", "attrs": null, "subkind": "data", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f24e108c-c5b1-48f3-906d-1ae9b15071af", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.07, "w": 0.69, "x": 0.03, "y": 0.05 }, "kind": "title", "text": "Operating profits up by 28% Year-on-Year", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d08cccaf-a404-4723-808b-7db0d791dce0", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.38, "x": 0.03, "y": 0.12 }, "kind": "title", "text": "Adjusted Operating Profit by source", "attrs": null, "subkind": "subtitle", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e7b57292-dd56-4bc3-abdf-b5c4f1b6cbdc", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Table data", "slug": "table-data", "agent": null, "layer": "slide", "matchId": "d2b567d4-476b-4591-8f73-23e21dd44be8", "evidence": "The slide presents data in a table format, showing operating profits by source for 2022 and 2023.", "confidence": 0.8 } ], "frameworks": [], "arcBeats": [ { "to": 65, "from": 19, "beatId": "dbbc9895-6d17-43b7-8119-117b02f6d7c8", "arcName": "Monroe's Motivated Sequence", "arcSlug": "monroes-sequence", "beatName": "Action", "beatSlug": "monroes-sequence-action", "evidence": "The document concludes with a clear call to action, outlining M&G's priorities and targets.", "position": 4, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }