Old Mutual Ltd (JSE:OMU)

R 12.56 0.15 (1.21%) Market Cap: 54.72 Bil Enterprise Value: 43.43 Bil PE Ratio: 8.17 PB Ratio: 0.97 GF Score: 65/100

Q1 2020 Old Mutual Ltd Operations Update and Trading Statement Conference Call Transcript

May 28, 2020 / 03:00PM GMT

Release Date Price: R10.55 (-5.15%)

Transcript

Operator

Good day, ladies and gentlemen, and welcome to the Old Mutual trading update. (Operator Instructions) Please note that this call is being recorded.

I would now like to turn the conference over to Iain Williamson. Please go ahead, sir.

Iain George Williamson

Old Mutual Limited - CEO & Director

Good afternoon, everyone, and thanks for taking the time to be with us today. I'm Iain Williamson, interim Group CEO.

Joining me today from home is Casper Troskie, our CFO. And the purpose of this call is to give a brief overview of our quarter 1, 2020 operating update released earlier today and to answer any questions that you may have.

While the full impact of COVID-19 lockdown restrictions isn't yet fully reflected, these results reveal an extraordinarily difficult macro environment and a significant market volatility experienced during the month of March. Despite this backdrop, we progressed well against our strategic priorities while improving digital servicing and enablement for our customers and employees. The arrival of COVID-19

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