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MLP SE

Earnings Release • Nov 11, 2008

289_ip_2008-11-11_60920397-c806-4e93-b344-af87c91f0dcb.pdf

Earnings Release

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Andreas Dittmar, Head of Finance

11th November 2008

  • yHighlights - 9M and Q3 2008
  • yFinancial details - 9M and Q3 2008
  • yClients and consultants

  • yOutlook and summary

  • yHighlights - 9M and Q3 2008

  • yFinancial details - 9M and Q3 2008
  • yClients and consultants
  • yOutlook and summary

Highlights – Overall market developments 9M 2008

  • yExtremely difficult market environment
  • y Capital market crisis has
  • yled to a loss of confidence among retail and institutional customers
  • y spread out to the whole economy and lowered expectations regarding future economic development
  • y Old-age pension provision market: New business has been flat and this is currently a "crowding out" market
  • y Wealth management market: Inflows into funds decreased – despite introduction of a flat-rate withholding tax on capital gains from 2009
  • y Private health insurance market: New business decreased significantly due to health insurance reform in 2007

Highlights – 9M and Q3 2008

  • y MLP has successfully implemented the new regulatory rules and regulations
  • yTotal revenues for 9M 2008 at previous year's level
  • y Business development indirectly influenced by capital market crisis
  • yCustomers reluctant to make long-term investment decisions
  • ySluggish new business in wealth management
  • y Lower recurring and performance fees in wealth management business due to the fall in capital markets

  • yUnexpected loss at TPC

  • yHighlights - 9M and Q3 2008

  • yFinancial details - 9M and Q3 2008
  • yClients and consultants
  • yOutlook and summary

9M: Total revenues at previous year's level

Total revenues 9M 2008

Q3: Total revenues affected by capital markets crisis

Total revenues Q3 2008

9M: Revenues from old-age pension provision increased by 9%

Revenues – commissions and fees

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Wealth management generates a significant revenue stream

Revenues – commissions and fees, 9M 2008: € 355.4 million

[in %]

Earnings burdened by capital market crisis and new regulatory requirements

Continuing operations

Income statement

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EBIT transition Q3 2007 to Q3 2008

Continuing operations

* Thereof € 4.0 million from the sale of Feri's funds database business

New business in old-age pension provision increased significantly

New Business and Assets under Management

Capital increase strengthens financial position

MLP Group – selected balance sheet items

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  • yHighlights - 9M and Q3 2008
  • yFinancial details - 9M and Q3 2008
  • yClients and consultants
  • yOutlook and summary

Number of clients growing steadily

y10,000 new clients (gross) gained in Q3

Most productive sales force in the German financial services industry

No. of consultants

Revenue per consultant

[in €]

  • yHighlights - 9M and Q3 2008
  • yFinancial details - 9M and Q3 2008
  • yClients and Consultants
  • yOutlook and summary

Summary and Outlook

  • Capital market crisis had a negative impact on MLP's business development, especially in Q3
  • Retail and institutional customers are apprehensive and reluctant to make long-term investment decisions
  • •Business development in Q3 was weaker than expected
  • Year-end business has started but less dynamically compared to previous fourth quarters
  • Despite challenging market environment MLP expects total revenues in 2008 to be around previous year's level

Contact

MLP Investor RelationsAlte Heerstraße 4069168 WieslochGermany

  • Helmut Achatz, Head of Investor Relations
  • Ines Kittlitz, Manager Investor Relations

Tel.: +49 (0) 6222 308 1135 Fax: +49 (0) 6222 308 1131

[email protected] www.mlp.de

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