Slidecast about Ageas

1. Ageas
Financial analysis
Jeroen Melsens

2. Overview
• Ageas
• Stock
• Financial analysis
• Dividend per share
• Brief forecast by ‘Tijd.be’
• My forecast for Ageas
• Sources
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3. Ageas
• Insurancegroup
• Top 20 in Europe
• European and Asian markets
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4. Stock
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5. Stock
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6. Stock
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7. Financial analysis
in EUR million FY 2012 FY 2011
Net interest Income 27,9 26,3
Unrealised gain (loss) on Call option BNP Paribas shares ( 161,0 ) ( 214,0 )
Unrealised gain (loss) on RPN(I) ( 273,1 ) 275,0
Result on sales and revaluations 121,5 ( 176,0 )
Share of result of associates 97,8 ( 196,2 )
Other income ( 13,8 ) ( 3,6 )
Total income ( 200,2 ) ( 288,5 )
Change in impairments and provisions ( 0,1 ) ( 9,5 )
Net revenues ( 200,3 ) ( 298,0 )
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8. Financial analysis
31 Dec 31 Dec
in EUR million 2012 2011
Cash and cash equivalents 402,4 344,7
Due from banks 1.000,0 600,0
Debt certificates ( 186,8 ) ( 256,7 )
Net cash position 1.215,6 688,0
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9. Dividend per share
€0.60
€0.50
€0.40
€0.30
€0.20
€0.10
€-
2010 2011 2012
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10. Forecast by ‘tijd.be’
2012 2013 2014
Profit per share 1,90 -1,36 2,63
Dividend per share 0,82 0,74 1,00
Dividendrendability 3,11 2,81 3,80
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11. My forecast
• Will keep performing better
• Financial crisis has passed
• Interesting for investors
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12. Thank you for your attention!
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13. Sources
• http://grafieken.tijd.be/60011766
• http://www.ageas.com/nl/Pages/index_nl.asp
x
• www.beursduivel.be
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