Challenger Ltd Investor Day Transcript - Thomson StreetEvents

Challenger Ltd Investor Day Transcript

Challenger Ltd Investor Day Transcript - Thomson StreetEvents
Challenger Ltd Investor Day Transcript
Published May 30, 2023
29 pages (21483 words) — Published May 30, 2023
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Transcript of CGF.AX corporate analyst meeting

  
Brief Excerpt:

...Good afternoon, everyone. Welcome to those in person here today and to those online to Challenger's 2023 Investor Day. I'm Mark Chen, Challenger's General Manager of Investor Relations. We're coming here to you today from the Amora Jamison Hotel in Sydney. It's great to be here in person again to present today. Before we begin, I'd like to acknowledge the Gadigal people of the Eora Nation, traditional custodians of the land on which we are hosting this event today and pay my respects to elders' past, present and emerging. Today, you'll hear presentations from a number of the Challenger team with a quick break in between. For those of you online, we'll do our best to keep on schedule. You'll receive a notification when the session -- when we're about to recommence after the break. There will also be the ability to ask questions for those online. Please let us know if you're having any technical difficulties, Irene and I are both online, or require assistance throughout the afternoon. For...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
Challenger Ltd
Ticker
CGF.AX
Time
3:00am GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Scott Russell - UBS Investment Bank, Research Division - Analyst : It's Scott Russell from UBS. Just on Page 17, I want to ask a [VPJ] question about pricing strategy, if I could. Looking back over the last 10 years, pre-COVID your pricing rate was clearly tied pretty closely to 3-year TD rate. Since COVID, that's changed. Why the premium you're offering today? Why do you feel the need to offer 3 -- 4.5% to 5%, what is effectively in monopoly. I hear that banks are competing for short-duration deposits, and you can probably get 4% on transaction accounts at the moment that might be part of the answer, but I'd be interested in understanding given your ROE is at about 10% post tax, why are you pricing so attractively?

Question: Scott Russell - UBS Investment Bank, Research Division - Analyst : And from your interactions with advisers and clients, how elastic is at the moment for moving prices around 50 basis points, even 10 basis points, do you see quoting levels change?

Question: Scott Russell - UBS Investment Bank, Research Division - Analyst : Okay. Just a separate question, if I can, on the -- picking up on the opportunity in both deals and Anton you presented. The DB market is not a new opportunity, but I agree, it makes a lot of sense for corporates to offload that to a specialist. What is it in the active discussion in at the moment that would suggest that negotiation position has changed or the intentions of possible clients has changed recently?

Table Of Contents

Half Year 2025 Challenger Ltd Earnings Call Transcript – 2025-02-17 – US$ 54.00 – Edited Transcript of CGF.AX earnings conference call or presentation 17-Feb-25 11:30pm GMT

Challenger Ltd Annual Shareholders Meeting Transcript – 2024-10-23 – US$ 54.00 – Edited Transcript of CGF.AX shareholder or annual meeting 23-Oct-24 10:30pm GMT

Full Year 2024 Challenger Ltd Earnings Call Transcript – 2024-08-13 – US$ 54.00 – Edited Transcript of CGF.AX earnings conference call or presentation 13-Aug-24 12:30am GMT

Challenger Ltd Annual Shareholders Meeting Transcript – 2023-10-25 – US$ 54.00 – Edited Transcript of CGF.AX shareholder or annual meeting 25-Oct-23 10:30pm GMT

Full Year 2023 Challenger Ltd Earnings Call Transcript – 2023-08-15 – US$ 54.00 – Edited Transcript of CGF.AX earnings conference call or presentation 15-Aug-23 12:30am GMT

Half Year 2023 Challenger Ltd Earnings Call Transcript – 2023-02-13 – US$ 54.00 – Edited Transcript of CGF.AX earnings conference call or presentation 13-Feb-23 11:30pm GMT

Challenger Ltd Annual Shareholders Meeting Transcript – 2022-10-26 – US$ 54.00 – Edited Transcript of CGF.AX shareholder or annual meeting 26-Oct-22 10:30pm GMT

Full Year 2022 Challenger Ltd Earnings Call Transcript – 2022-08-16 – US$ 54.00 – Edited Transcript of CGF.AX earnings conference call or presentation 16-Aug-22 12:30am GMT

Challenger Ltd Investor Day Transcript – 2022-05-23 – US$ 54.00 – Edited Transcript of CGF.AX corporate analyst meeting</ 23-May-22 11:00pm GMT

Half Year 2022 Challenger Ltd Earnings Call Transcript – 2022-02-16 – US$ 54.00 – Edited Transcript of CGF.AX earnings conference call or presentation 16-Feb-22 11:30pm GMT

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MLA:
Thomson StreetEvents. "Challenger Ltd Investor Day Transcript" May 30, 2023. Alacra Store. May 02, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Challenger-Ltd-Investor-Day-T15417379>
  
APA:
Thomson StreetEvents. (2023). Challenger Ltd Investor Day Transcript May 30, 2023. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Challenger-Ltd-Investor-Day-T15417379>
  
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