CNP Assurances - Investor Presentation
FINANCIAL FLEXIBILITY
CNP Assurances - Investor Presentation - March 2020
€9.5bn of cumulative cash flow (1) over the period 2015-2019,
including €2.3bn added to free surplus
€9.5bn
Disposals €0.7bn
€9.5bn
€2.3bn
Increase in free surplus
Reduction in required capital €2.4bn
(2)
€1.6bn
Acquisitions
(3)
€2.8bn
Dividends paid
MCEVO operating profit
€6.4bn
Cash In
€2.9bn
Organic growth
Cash Out
(1) Based on operating free cash flow as calculated for MCEVⓇ purposes, taking into account purchases and sales of subsidiaries during the period
(2)
It also reflects early recognition of the R$7bn payment to roll over distribution agreements in Brazil
(3) Excluding 2019 dividend recommended at the Annual General Meeting of 17 April 2020
56View entire presentation