Investor Presentaiton

Sustained Value Creation at Attractive Returns Profitable Growth Drives EV and Increasing ROEV EV Equity ($b) 63.9 2.6x 56.2 52.4 43.7 39.0 39.8 34.9 31.7 27.5 24.9 Earnings Growth Drives Increasing ROE Shareholders' Allocated Equity ($b) AIA 2.4x 42.8 36.4 36.8 29.6 26.4 26.7 23.9 22.0 17.6 19.2 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Operating ROEV Operating ROE +440bps 16.3% 15.4% 15.5% 15.9% 13.4% 13.6% 12.5% 12.8% 12.7% 11.5% " +240bps 14.5% 14.4% 14.1% 14.0% 13.4% 12.9% 12.2% 12.4% 12.0% 11.9% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 23

View entire presentation