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MLP SE
Earnings Release • Jun 11, 2024
289_cgr_2024-06-11_a1d449b3-9703-4902-a7cf-38c008aae9c2.pdf
Earnings Release
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Business figures Q1 2024
Wiesloch, May 15, 2024
Highlights Q1 2024
- Successful start to the year for MLP strategically developed business model pays off
- Total revenue increased to an all-time high of €284 million (PY: €263 million), above all in the Wealth competence field
- Key figures for future revenue development increased to record levels: Assets under management at €59.3 billion and non-life insurance portfolio volume at €719 million
- EBIT significantly above the previous year at €37.0 million (€32.4 million) forecast for 2024 and planning for 2025 confirmed
Trends support growth ambitions
Agenda Business figures Q1 2024
1 | BUSINESS PERFORMANCE Q1 2024
Total revenue at new all-time high
X x Total revenue Q1 of the MLP Group in € million
1 | BUSINESS PERFORMANCE Q1 2024
X x
Recurring Revenue
Strong growth in the Wealth competence field
X x Sales revenue breakdown into competence fields in € million, previous year's values in brackets
| Wealth | 116 | (91) | +27 % |
|---|---|---|---|
| Wealth management | 86 | (74) | +17 % |
| Interest income | 22 | (12) | +89 % |
| Real estate brokerage | 3 | (2) | +69 % |
| Loans and mortgages | 4 | (4) | -2 % |
| Others | 6 | (12) | -50 % |
|---|---|---|---|
| Real estate development | 3 | (10) | -66 % |
| Other commissions and fees | 3 | (2) | +18 % |
1 | BUSINESS PERFORMANCE Q1 2024
Key figures reach new record levels
X Assets under management*
x in € billion, as of Dec. 31 or March 31, respectively
* contains wealth management and interest income
X x Non-life insurance portfolio volume in € million, as of Dec. 31 or March 31, respectively
** as from 2021 incl. first-time consolidation of the companies in the Industrial Broker segment; also including RVM with effect from April 1, 2021
Growth across all customer groups
X Family clients
x in thousands, as of Dec. 31 or March 31, respectively
X x
Corporate and institutional clients
in thousands, as of Dec. 31 or March 31, respectively
1 | BUSINESS PERFORMANCE Q1 2024
EBIT at €37.0 million – solid balance sheet
| Income statement | |||
|---|---|---|---|
| MLP Group (in € million) | Q1 2024 | Q1 2023 | △ |
| Total revenue | 284.1 | 262.8 | +8 % |
| EBIT | 37.0 | 32.4 | +14 % |
| Finance result | -0.2 | -1.0 | -80 % |
| EBT | 36.8 | 31.4 | +17 % |
| Income taxes | -10.3 | -8.5 | +21 % |
| Net profit | 26.5 | 22.9 | +16 % |
| EPS in Euro | 0.25 | 0.22 | +18 % |
| MLP Group | March 31, 2024 |
|---|---|
| Balance sheet total | €4,051 million |
| Shareholders' equity | €557 million |
| Equity ratio | 13.8 % |
| Return on equity | 5.0 % |
| MLP Financial holding group | March 31, 2024 |
| Core capital ratio | 20.2 % |
| Liquidity Coverage Ratio (LCR) | 1,890 % |
Agenda Business figures Q1 2024
2 | FORECAST 2024 AND PLANNING 2025
Forecast 2024
Sales revenue
very positive: ++, positive: +, neutral: 0, negative: -, very negative: --
X x
EBIT
in € million
Planning 2025
Increase in assets under management
• Increasing fee income due to growing assets under management (plan: €62 to 68 billion) • Improved basis for performance fees EBIT €75 – 85
Sustainable growth & Group synergies
- Increase in old-age provision revenue
- Stable growth in other business fields
Growing million non-life insurance business
- Portfolio volume still increasing (plan: €730 to 810 million)
- Contribution from private and corporate client business
+ M&A activities
Supported by enhanced cost efficiency
2 | FORECAST 2024 AND PLANNING 2025
2025
EBIT €100 – 110
2024
million
Agenda Business figures Q1 2024
3 | SUMMARY AND QUESTIONS
Summary
- MLP Group leverages its pioneering role in the market for high-quality financial consulting services, overall trends provide support
- Forecast for 2024 confirmed: EBIT of €75 to 85 million in an environment that remains challenging
- Planning for 2025 reaffirmed: EBIT of €100 to 110 million through further increase in key figures and sustainable growth across all competence fields
We are happy to answer any questions you may have Your contact
Pascal Löcher
Head of Investor Relations Tel. +49 (0)6222 • 308 • 3559 E-mail [email protected]
Simon Knaack
Manager Investor Relations Tel. +49 (0)6222 • 308 • 2715 E-mail [email protected]
Tobias Wolf
Manager Investor Relations Tel. +49 (0)6222 • 308 • 4337 E-mail [email protected]
