Investor Presentation • Aug 9, 2018
Investor Presentation
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Wiesloch – August 9, 2018
Outlook confirmed: EBIT set to remain at the 2017 operating EBIT level (€ 46.7 million) – despite high investments in the future in the university segment
Highlights H1/Q2 2018
Total revenue H1
Total revenue Q2
In € million
| Q2 2017 | Q2 2018 | in % |
H1 2017 | H1 2018 | in % |
|
|---|---|---|---|---|---|---|
| Old-age provision | 42.0 | 42.5 | 1.2 | 77.2 | 76.2 | -1.3 |
| Wealth management | 46.4 | 50.0 | 7.8 | 92.1 | 97.5 | 5.9 |
| Non-life insurance | 19.4 | 21.1 | 8.8 | 72.3 | 77.3 | 6.9 |
| Health insurance | 10.9 | 11.5 | 5.5 | 22.7 | 23.2 | 2.2 |
| Loans and mortgages* | 3.9 | 3.7 | -5.1 | 7.7 | 8.9 | 15.6 |
| Real estate brokerage** | 4.0 | 5.2 | 30.0 | 7.4 | 10.1 | 36.5 |
| Other commission and fees | 1.0 | 0.8 | -20.0 | 2.0 | 2.0 | 0.0 |
| Interest income | 5.2 | 4.5 | -13.5 | 10.3 | 8.8 | -14.6 |
* Excluding MLP Hyp ** 2017 included in "Other commissions and fees"
*before one-off expenses
In € million
| Assets | Dec 31, 2017 | June 30, 2018 |
|---|---|---|
| Intangible assets | 161.8 | 158.7 |
| Financial assets | 158.5 | 149.9 |
| Receivables from clients in the banking business | 702.0 | 722.4 |
| Receivables from banks in the banking business | 634.2 | 676.6 |
| Other receivables and assets | 125.7 | 137.8 |
| Cash and cahs equivalents | 301.0 | 331.6 |
| Equity ratio: 17.7 % | |||
|---|---|---|---|
| Core capital ratio: 17.4 % |
Eligible own funds: € 266 million
| Shareholders' equity | 404.9 | 400.0 |
|---|---|---|
| Provisions | 88.7 | 79.5 |
| Liabilities due to clients in the banking business | 1,439.8 | 1,554.8 |
| Liabilities due to banks in the banking business | 61.4 | 73.4 |
| Other liabilities | 154.9 | 138.5 |
| Total | 2,169.5 | 2,260.1 |
As of June 30, 2018
Page 14
| Strategic focus | 1 Organic growth |
2 Inorganic growth |
3 Continued cost management |
|---|---|---|---|
| Implementation | • Strengthening of the university segment in the private client business: through focus on recruiting young consultants and acquiring clients • Further broadening of revenue basis: primarily through further expansion of wealth management and non-life insurance business • Accelerated implementation of digitalisation strategy: in particular extension of digital information and service offers |
The MLP group continues to target acquisitions and is open for opportunities in three areas: • in the FERI market segment • in the DOMCURA market segment • in MLP's private client business |
• Structural reduction of the cost base continued in 2017 – ongoing efficiency management • Simultaneous investment in future projects |
Making MLP less susceptible to short-term market influences and building on profit level already achieved
| Strategic focus | 1 Organic growth |
2 Inorganic growth |
3 Continued cost management |
|---|---|---|---|
| Implementation | • Strengthening of the university segment in the private client business: through focus on recruiting young consultants and acquiring clients • Further broadening of revenue basis: primarily through further expansion of wealth management and non-life insurance business • Accelerated implementation of digitalisation strategy: in particular extension of digital information and service offers |
The MLP group continues to target acquisitions and is open for opportunities in three areas: • in the FERI market segment • in the DOMCURA market segment • in MLP's private client business |
• Structural reduction of the cost base continued in 2017 – ongoing efficiency management • Simultaneous investment in future projects |
Making MLP less susceptible to short-term market influences and building on profit level already achieved
| Revenue | 2018 |
|---|---|
| Old-age provision | + |
| Wealth management | 0 |
| Health insurance | 0 |
| Non-life insurance | + |
| Loans and mortgages | 0 |
| Real estate brokerage | ++ |
very positive: ++, positive: +, neutral: 0, negative: -, very negative: --
MLP is anticipating EBIT in 2018 to remain at around the level of operating EBIT recorded in 2017 – as there are no one-off exceptional costs for 2018 EBIT will increase significantly
Outlook confirmed: Despite substantial investments in the future, MLP expects EBIT at the level of the previous year's operating EBIT of € 46.7 million
Highlights H1/Q2 2018
MLP Corporate Communications Alte Heerstr. 40 69168 Wiesloch Deutschland
Frank Heinemann, Head of External Communications Andreas Herzog, Head of Investor Relations and Financial Communications
Tel.: +49 (0) 6222 308 8320 Fax: +49 (0) 6222 308 1131
[email protected] www.mlp-se.com
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