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MLP SE

Investor Presentation • Nov 7, 2007

289_ip_2007-11-07_ab04df79-6c02-44f8-8143-98b128f1e8c4.pdf

Investor Presentation

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9M and Q3 2007 Results

Uwe Schroeder-Wildberg, CEO

7th November 2007

Overview

  • yHighlights 9M and Q3 2007
  • yFinancial details 9M and Q3 2007
  • yClients
  • yConsultants
  • ySummary and outlook

Highlights 9M and Q3 2007 (1)

  • y Industry still uncertain about the effects of new regulatory requirements
  • y Difficult market environment for private health insurance business due to reform of the German healthcare system
  • yContinuation of share buyback program
  • yChange in management
  • y Exercise of the acquisition option for remaining equity stake in Feri Finance AG

Highlights 9M and Q3 2007 (2)

  • yOpening of 6 branches
  • y Enhancement of the customer service commissions for consultants
  • yTotal income 9M increased by 9%
  • yEBIT 9M up by 20%
  • yAuM increased by around € 400m (9M)

Extensive changes to legal requirements

Prevailing conditions

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Crucial factors for future success:

ÆHigh quality consulting and low cancellation rate

MLP 9M & Q3 2007 Results Page 5

Total income increased

Total income

9M: Income from old-age pension provision business only slightly below previous year's already high level

Income from brokerage business, 9M 2007 (9M 2006): € 289.8m (€ 299.7m)

Q3: Income from health insurance business significantly down due to German health care reform

Income from brokerage business, Q3 2007 (Q3 2006): € 95.6m (€ 103.5m)

EBIT burdened by one-time effects

Continuing operations

Income statement

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  • yEBIT 9M + 20 %
  • y One-time restructuring charges of € 4.8m
  • y EBIT margin Q3 before restructuring charges 15.4 % (13.7 %)
  • y Revaluation of deferredtaxes due to German corporate tax reform

Segment development as planned

Segment reporting

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  • y Consulting and sales
  • y One-time restructuring charges € 1.6m
  • y Adjusted Q3 EBIT margin 12.0 %
  • yAuM increased by € 400m

* as at 31/12/06

Strong balance sheet

MLP Group assets

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yLiquid funds of € 103m

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Decrease in receivables and other assets due to usual seasonal business development

Equity ratio stands at 25%

MLP Group liabilities and shareholders' equity

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  • y Change in shareholders' equity due to dividend payment and net profit
  • y Decrease in other liabilities due to usual seasonal business development

Clients

Continuing operations

Consultants

Continuing operations

Summary and outlook

  • yOverall satisfactory business development in Q3
  • y EBIT 9M was burdened by € 4.8m one-time restructuring charges
  • yMLP is well prepared for the year-end business
  • y Increasing business momentum is expected in the forthcoming weeks
  • y EBIT guidance FY 2007 of around € 110m for continuing operations reiterated

Contact

MLP Investor RelationsAlte Heerstraße 4069168 WieslochGermany

Contact:Investor Relations:

Helmut Achatz, Head of Investor Relations Klaus Ringel, Manager Investor Relations

Tel.: +49 (0) 6222 308 1135 Fax: +49 (0) 6222 308 1131 E-mail: [email protected]

MLP Investor Relations information on the internet: Financial reports, presentations and calendar etc. at http://www.mlp.de

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