MLP - Company presentation
Helmut Achatz, Head of Investor Relations UCG German Investment Conference 2010
September 22, 2010
- •Outlook
- • Growth drivers
- •Old-age provision
- •Health insurance
- •Wealth management
- •Client potential
- •Cost cutting
- •Summary
Outlook 2012: Increase in EBIT margin to 15%
MLP Group
EBIT margin*
Medium-term outlook reiterated
Medium-term outlook
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- • Business prospects will continue to be affected by the difficult market environment
- • Old-age provision and health insurance: stable revenues in 2010, return to growth from 2011
- •Increase in revenue expected in wealth management
•Outlook
•Growth drivers
- •Old-age provision
- •Health insurance
- •Wealth management
- •Client potential
- •Cost cutting
- •Summary
Pressure on social security systems is imminent
Massive increase in the "dependency ratio" for the period 2010 - 2035
UCG German Investment Conference 2010 Page 6
Development of revenue old-age provision
First quarter Second quarter
Old-age provision market is expected to grow
Money invested in old-age provision products in Germany
[in € trillion]
- •Includes single premium business
- • Includes occupational pension business
Source: Allianz, Handelsblatt (September 1, 2010)
Development of revenue health insurance
Development of revenue wealth management
First quarter Second quarter
New record high in AuM
Assets under Management*
[in € billion]
*in accordance with the BVI methodology
Extensive new client potential at the universities
University graduates in Germany
[in thsd.]
Sources: Institut für Wirtschaft in Cologne, Federal Statistics Agency, BCG
Top ratings in consulting tests
1st place in the old-age pension provision assessment by WirtschaftsWoche(05/2009)
2nd place and top rating in the client assessment of MLP consulting by WhoFinance(01/2010)
3rd place in the mortgage test carried out by the magazine Euro (07/2009)
Positive development in new clients
New clients
- •Outlook
- • Growth drivers
- •Old-age provision
- •Health insurance
- •Wealth management
- •Client potential
- •Cost cutting
- •Summary
A further € 10m of cost reductions in 2010
Fixed costs*
Earnings situation improved significantly
EBIT continuing operations
- •Outlook
- • Growth drivers
- •Old-age provision
- •Health insurance
- •Wealth management
- •Client potential
- •Cost cutting
- •Summary
Summary
- •Successful business development in H1 2010
- •Market environment will remain difficult
- • Customers still reluctant to invest in long-term old-age provision contracts
- • H2 2010: Further significant pick-up in business development expected, especially in Q4
- •Reduction of fixed costs amounting to € 10 m in 2010
- •EBIT margin target of 15% for 2012 reiterated
MLP - Company presentation
Helmut Achatz, Head of Investor Relations UCG German Investment Conference 2010
September 22, 2010