MLP SE

Earnings Release • May 12, 2015

Financial results Q1 2015

Reinhard Loose, CFO

12th May 2015

• Highlights Q1 2015
• Key financial figures Q1 2015
• Consultants and clients
• Outlook and summary
• Questions & Answers

Highlights Q1 2015

• Despite the continuingly very difficult markets, MLP maintains the positive trend of 2014
• Total revenue rises by 10 percent to € 130.9 million (Q1 2014: € 118.8 million)
• EBIT climbs to € 7.0 million (Q1 2014: € 3.4 million)
• Revenue in all consulting fields above the previous year; wealth management up 25 percent

• Outlook 2015 reiterated: slight rise in EBIT anticipated

• Highlights Q1 2015

• Key financial figures Q1 2015
• Consultants and clients
• Outlook and summary
• Questions & Answers

Total revenue rises to € 130.9 million

Total revenue Q1

[in € million]

Strong growth in wealth management

Revenue

[in € million]

	Q1 2015	Q1 2014*	 in %
Old-age provision	42.0	40.1	4.7
Wealth management	40.7	32.6	24.8
Health insurance	11.8	11.4	3.5
Non-life insurance	20.1	18.8	6.9
Loans and mortgages**	3.2	2.9	10.3
Other commissions and fees	2.5	1.3	92.3
Interest income	5.6	5.8	-3.4

* Previous year's figures adjusted; ** excluding MLP Hyp

Assets under Management reach € 29.0 billion

[in € billion] [in € million]

Assets under Management Premium sum: old-age provision

Continuous growth in non-life insurance

Revenue

[in € million]

	Q1 2015	Q1 2014*	 in %
Old-age provision	42.0	40.1	4.7
Wealth management	40.7	32.6	24.8
Health insurance	11.8	11.4	3.5
Non-life insurance	20.1	18.8	6.9
Loans and mortgages**	3.2	2.9	10.3
Other commissions and fees	2.5	1.3	92.3
Interest income	5.6	5.8	-3.4

* Previous year's figures adjusted; ** excluding MLP Hyp

MLP benefits from further broadening of its revenue mix

Revenue from commissions and fees Q1 2015: € 120.3 million (€ 107.1 million)

EBIT increases to € 7.0 million

Income statement

[in € million]

	Q1 2015	Q1 2014*
Total revenue	130.9	118.8
EBIT	7.0	3.4
Finance cost	-0.2	0.0
EBT	6.9	3.4
Taxes	-1.6	-0.7
Group net profit	5.2	2.7
EPS in € (diluted/undiluted)	0.05	0.02

* Previous year's figures adjusted

Core capital ratio: 14.3 percent

MLP Group

[in € million]

	31/03/2015	31/12/2014
Intangible assets	154.0	156.2
Financial investments	175.9	145.3	• Equity ratio: 23.3%
Cash and cash equivalents	52.5	49.1	• Core capital ratio: 14.3%
Other receivables and other assets	98.4	117.7
Shareholders' equity	378.6	376.8
Equity ratio	23.3%	23.2%
Other liabilities	91.3	117.8
Total	1,627.1	1,624.7

• Highlights Q1 2015
• Key financial figures Q1 2015
• Consultants and clients
• Outlook and summary
• Questions & Answers

Number of consultants fell slightly due to seasonality

Consultants Gross number of new clients

• Highlights Q1 2015
• Key financial figures Q1 2015
• Consultants and clients
• Outlook and summary
• Questions & Answers

Outlook: MLP anticipates EBIT above previous year's level

Outlook

Administrative costs*

* Definition: Personnel expenses, depreciation and amortisation and other operating expenses ** Adjusted to include one-off expenses

Sales revenue

In each case compared to the previous year

	2015
Revenue from old-age provision	Stable development
Revenue from health insurance	Slight increase
Revenue from wealth management	Slight increase
Other commissions and fees (real estate)	Significant increase

Despite continuingly difficult markets and extensive investments, MLP anticipates a slight increase in EBIT for 2015 g

• Broad-based growth in the first quarter significant increase in wealth management
• Recruiting campaign launched according to plan
• Market environment remains very difficult
• As is usual in the MLP business model, the second half-year in particular plays a crucial role in the full-year results

• Outlook for 2015 reiterated slight rise in EBIT anticipated

• Highlights Q1 2015

• Key financial figures Q1 2015
• Consultants and clients
• Outlook and summary
• Questions & Answers

Contact

MLP Corporate Communications Alte Heerstr. 40 69168 Wiesloch Germany

• Jan Berg, Head of Corporate Communications
• Andreas Herzog, Teamhead Investor Relations and Financial Communications

Tel.: +49 (0) 6222 308 8320 Fax: +49 (0) 6222 308 1131

investorrelations@mlp.de www.mlp-ag.de