Investor Presentation • Apr 8, 2008
Investor Presentation
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Investor Presentation
April 2008
| M 2 2 2 0 0 7 a y , |
N b 1 2 0 0 7 o v e m e r , |
B i i f 2 0 0 8 e g n n n g o |
|---|---|---|
| I M d i i D i t n s r a n c e e a o n r. u |
M i F I D |
G I C L t t e r m a n n s o n r a c a w |
| I b k n s r a n c e r o e r a g e u |
/ B k F i i t t a n s n n e s m e n s v |
I / B k n s u r e r s r o e r s |
| R i i i t s n g r e q r e m e n s y u i h t c o n c e r n n g e l i f i i f t q a c a o n o u l d h t t t c o n s a n s a n e u l i f l i t t q a o c o n s n g u y u E i d i t t t x e n s v e o c u m e n a o n y i t r e q u r e m e n s |
f B d i h t r o a e n n g o e y f l i i i t t c o n s u n g n o r m a o n , d d i t t a n o c u m e n a o n i t r e q u r e m e n s S i i t t t r c e r r e q r e m e n s y u d i t r e g a r n g r a n s p a r e n c y |
I i h d n c r e a s e n c a s s u r r e n e r y / f l d i h t v a u e s s p r e a n g o e d i i b i d i i i t t t s r u o n a n a c q u s o n t c o s s I d t n c r e a s e c o s y f l i f d t r a n s p a r e n c o r e a n y h l h i t e a c a r e n s r a n c e u l i i p o c e s B d i f h t r o a e n n g o e y |
Effects of the regulation in Great Britain
| f D l t e e o p m e n o a v l t n e w r e g u a o r y h i t t a u o r y ( L A U T R ) O |
i f D l l s c o s r e o e e m p a r • u x y i d f t a c c o u n s s e r v c e s a n e e s , L A U T R O b P l e c o m e s e r s o n a • i I A h t t t t n e s m e n o r v u y "R W h L " t t • e a s o n y e e r |
i f i i D l s c o s r e o c o m m s s o n s • u R l h i i t t t • e g u a o r y a u o r e s m e r g e b h F S A t t o e c o m e e |
||
|---|---|---|---|---|
| 1 9 8 8 |
2 0 0 0 |
2 0 0 7 |
||
Effects of the regulation in Great Britain
Sales by channel in 1992 Sales by channel in 2006
x Banks and new providers are entering the market
x Clients demand quality and comprehensive consultation
x Numerous products/high tax complexity
High revenue potential with old-age pension provisions
Potential sales revenue – MLP Finanzdienstleistungen AG per year and client
* Level of state pension according to current legislation. Selected countries. Basis for calculation: employee, aged 20 who starts full time work in 2004 and continues working up until the legal pension age (average earner).
Occupational pensions
Rising revenue potential in wealth management
Potential sales revenue - MLP Finanzdienstleistungen AG per client and year
Example: Mortgages
Continuing operations
Total number of clients by quarter
Continuing operations
Number of consultants by quarter
Outlook
| 2 0 0 8 |
i M d t e u m e r m - |
|
|---|---|---|
| I l d i n c o m e o -a g e p e n s o n s - |
||
| I l h t t n c o m e w e a m a n a g e m e n - |
||
| I h l h i t n c o m e e a c a r e n s u r a n c e - |
Continuing operations
* Pro forma
Appendix
Investor Presentation
April 2008
[in € million]
* Pro forma
Continuing operations
Continuing operations
Income from brokerage business, FY 2007 (FY 2006): € 476.3m (€ 474.9m)
Continuing operations
| [ i € i l l i ] n m o n |
Q 4 2 0 0 6 |
Q 4 2 0 0 7 |
F Y 2 0 0 6 |
F Y 2 0 0 7 |
|---|---|---|---|---|
| T l i t o a n c o m e |
2 1 3 0 |
2 2 6 4 |
5 8 8 5 |
6 3 7 1 |
| E B I T |
4 9 4 |
5 4 9 |
9 5 1 |
1 1 0 3 |
| F i t n a n c e c o s |
0 1 - |
2 9 - |
5 0 |
2 2 - |
| E B T |
4 9 3 |
5 2 0 |
1 0 0 1 |
1 0 8 2 |
| T a e s x |
8 8 - |
1 7 0 - |
2 3 6 - |
3 2 1 - |
| f N i t t e p r o |
4 0 6 |
3 0 5 |
6 7 5 |
6 0 7 |
| D i i d t s c o n n u e i t o p e r a o n s |
0 1 + |
1 5 - |
4 7 - |
1 3 9 - |
| E P S i € n ( d i l d ) * t u e |
0 3 9 |
0 3 5 |
0 3 7 |
0 5 7 |
* From continuing operations
Continuing operations
MLP Group – preliminary results
Dividends and share buy- backs
New business
Premium sum – old-age pension provision | Assets under Management
Overview
| S d t t u e n |
S f t t a r o c a r e e r |
C / a r e e r b l i h d t e s a s e |
i R t t e r e m e n |
|
|---|---|---|---|---|
| 2 5 3 0 A |
3 5 4 0 A / B B |
4 5 5 0 B / E |
6 0 6 5 … |
|
| L i i d i t q u y t m a n a g e m e n |
E D i b d t- y e p o s a s e C f A t t o m o r c c o n u C d i C d t y r e a r |
C f A t t y o m o r c c o u n i h t w d i l i i t t c r e m G C l d d o a r y |
P i A t y r e m u m c c o u n C P l i d t a n m a r y u |
P i A t y r e m u m c c o u n C P l i d t a n m a r y u |
| O i h t t e r n g m o n e a c c o n y v y u M k d f i d i f d t o n e y m a r e a n x e n c o m e u n s y N k f d t y e a r m o n e y m a r e u n s "Z i P l " n s u s y |
O i h t e r n g m o n e y v y M k t y o n e y m a r e a n N k e a r m o n e m a r y y S i l i t p e c a n v e s m e n y "Z i P l " n s s y u |
t a c c o n u d f i d i f d x e n c o m e u n s f d t e n s u t s |
||
| W l h t e a f i t o r m a o n ( S in la ) av g s p ns |
f l i t t y o p p o r o o f l h i f l i t a g s p p o r o o y i f l i t t t a n p o r o o y |
f i l t t c a p a o r m a y f l i t t o p p o r o o y f l h i a g s p p o r y f i l i t t t a n p o r o o y |
f f i b i d t o n e n e n s u f l i t o o |
f l i t t o p p o r o o y f l h i f l i t a g s p p o r o o y f i l i t t t a n p o r o o y |
| W l h t e a i i i t t o p m s a o n ( Lu m p su m ) inv t t e s m e n s |
b l f l i t t t a s o e r e r n p o r o y u u H l d i & P i E t o n g s r v a e q u y "M d l l h t o a r e a m a n y u w I d i i d l l h t n a e a m a y v u w |
o i p r e m m y u i t y f l i t p o r o o " t a g e m e n i f l i t t t y a n p o r o o t n a g e m e n b l t t e s s e e c y |
||
| Pa 2 9 g e |
| C f i i t o n g r a o n u |
||
|---|---|---|
| C h i i t t a r a c e r s c s i t t n v e s m e n j i b t o e c v e |
/ H i h- i l d "p k i f l i i d i " t y g y e a r n g o q u y O b j i i b k h t t t t t t t y e c v e : p. a n e r e s a o v e m o n e y m a r e r a e o g e e r i h l i f l i h i i h i d t t t w e x c u s o n o o s s e s w n a s x m o n p e r o M l i / l i t t t t u a s s e m u m a n a g e r c o n c e p y |
R is ky ts as se ( ) it ies e.g . e q u 2 % Y ie l d P ic k Up ( nt ly cu rre ) Pr ty op er 4 8 % |
| V h i l e c e |
F d f f d n o n s y u u |
|
| i I l t t m p e m e n a o n |
f f P l i i i 5 0 % k t t t o r o o c o n s s n g o a p p r o x. m o n e y m a r e y i d h i h d 5 0 % t t t t t t t n v e s m e n s a n o e r n v e s m e n s a p r o u c e d d i i l i l d l d i h l i k ( l t t t a o n a y e c o u p e w o w r s e x p o s u r e c u r r e n y : f d ) t p r o p e r y u n s |
|
| A l l i b l l d i k ( t t t t s m a p r o p o r o n c a n e a o c a e o r s y a s s e s e g y i i ) i i t t t t t e q u e s o r p u n o a s w a p c o n s r u c o n |
||
| M i i n m m u |
S i l E U R 0 5 y a v n g s p a n : |
|
| i t t n e s m e n v |
L i E U R 2 5 0 0 t t y u m p s u m n v e s m e n : , |
| C f i i t o n g u r a o n |
|
|---|---|
| C h i i t t a r a c e r s c s / I t t n e s m e n v b j i t o e c v e |
"C f l i " f M L P l i t t t y o m o r s o u o n o r c e n s F f d i t- t y o c u s o n o u p e r o r m a n c e c o m p a r e o g v e n b h k e n c m a r / M l i l i t t t t a s s e m m a n a g e r c o n c e p y u u |
| i V h l e c e |
f f 3 l i d l h i h 5 d i t t t t p o r o o m o e s, e a c n n e s m e n s y w u v |
| I l i t t m p e m e n a o n |
B i M L P i f d l i ( R i b d l d t t t t t y a s s : a n u n s s a n g s- a s e p r e- s e e c e , ) f d i 9 k l h f d t t t n s n m a r e s e g m e n s p s o e r n s u u u f f / / A d d i i h i h i l t t t t t t t t t o n o r e r a r a c e e m e s c o n r e s s e s e c. y u v u y f h l i i t t t o e p o r o o m x |
| M i i n m m u i t t n e s m e n v |
S i l E U R 7 5 y a v n g s p a n : L i E U R 2 0 0 t t 5 y u m p s u m n v e s m e n : , |
| C f i i t o n g u r a o n |
|||
|---|---|---|---|
| C h i i / t t a r a c e r s c s i t t n v e s m e n |
W l h i h l i i i d t t t t t e a m a n a g e m e n w o w m n m u m n v e s m e n a n y i i i h t t t n n o v a v e n v e s m e n a p p r o a c |
||
| b j i t o e c e v |
C f i d H N W I d i l b l t t t t t y o n c e p s s o a r r e s r c e o m a e a v a a e o M L P l i t c e n s |
||
| / M l i l i t t t t y u a s s e m u m a n a g e r c o n c e p |
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| M d l i d h d l i t t o a r e n s r e s r a n s p a r e n c a n e a s a n n g y u y u y y |
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| U f h d d i i b i l i i h h t t t t t t s e o e e e n e n e s m e n p o s s e s r o g y x v u C S U I T I I I |
|||
| V h i l e c e |
f d 2 t t s e p a r a e a s s e u n s y : |
||
| "S f d l " i h h i f i b / t t t t t a e y m o u e w e a m o g e n e r a n g a a s e r e u r n y A b l R t t t s o u e- e u r n c o n c e p |
|||
| "O i d l " d i i l i d t t t t t t y p p o r u n y m o u e s n c y r e u r n- o r e n e |
|||
| I l i t t m p e m e n a o n |
P f l i l l i f b h "m d l " t t t y o r o o s g e n e r a y c o n s s o o o u e s |
||
| B h h i l f l l b l f b i t t t y o v e c e s a r e r e e y s c a e a e, o r a e e r o v e r v e w h i i i h 1 2 l i t t t t t e r e s a m a r a e r n a e s x w v |
|||
| f "M i i " l h i k h h l d d i t t t t t t r a o r e e c s e r s r e s o a n n e s m e n y x v f h i h l i t t o r o n o e c e n z |
|||
| M i i n m m u i t t n e s m e Pa n 3 2 v g e |
E U R 1 0 0 0 0 y , |
| Op / Op / Op / 4 5 % 7 0 % 9 0 % 1 0 0 % p. p. p. 5 5 % Sa fe 3 0 % Sa fe 1 0 % Sa fe Op ity tun p or 2 0 % Op / 4 0 % Op / 6 0 % Op / 8 0 % Op / p. p. p. p. Sa fe Sa fe Sa fe Sa fe 8 0 % 6 0 % 4 0 % 2 0 % 1 0 0 % 1 5 % Op / 3 % Op / 5 p. p. 0 % Op / 5 p. Sa fe Sa fe Sa fe 8 5 % 6 5 % Sa fe 5 0 % |
|||
|---|---|---|---|
| s | |||
| i R |
|||
| d l o h s e r h t k |
Time horizon
| C f i i t o n g u r a o n |
||
|---|---|---|
| C h i i / t t a r a c e r s c s i t t n v e s m e n b j i t o e c e v |
I d i i d l l h f M L P l i t t t n v u a w e a m a n a g e m e n o r c e n s y M l i / l i t t t t u a s s e m u m a n a g e r c o n c e p y D i i f h i d i i d l i k h h l d t t t t e e r m n a o n o e n v u a r s r e s o y K i k b k i l l b d i d l i t t t t c a c s w e c r e e o c e n a c c o u n s y |
|
| V h i l e c e |
A f i f d b d d t t t t s s e m a n a g e m e n r o m n e s m e n n s, o n s a n y v u f i i t t c e r c a e s |
|
| I l i t t m p e m e n a o n |
P f l i i d i d b h i t t t t t y o r o o s r u c u r e s e e r m n e y e m a x m u m h h l d i h i b l l f i l t t t t t r e s o r e s p e c o a p o s s e o s s o c a p a w P f l i k d i f h f d t t t t t t t o r o o e a a a r s e r o m e a r g e r a e o r e r n a n y y u 's h l i i k h h l d t t t e c e n r s r e s o |
|
| M i i n m u m i t t n v e s m e n |
E U R 5 0 0 0 0 0 y , |
Procedure for fund selection by Feri
MLP Investor RelationsAlte Heerstraße 4069168 WieslochGermany
Contact:Investor Relations:
Helmut Achatz, Head of Investor Relations
Tel.: +49 (0) 6222 308 1135 Fax: +49 (0) 6222 308 1131 E-mail: [email protected]
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Financial reports, presentations and calendar etc. at http://www.mlp.de
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