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MLP SE Investor Presentation 2006

May 10, 2006

289_ip_2006-05-10_2a02bb5b-17aa-44d4-87ad-aae859d77ffd.pdf

Investor Presentation

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MLP first quarter 2006: Improved revenue and profit

Nils Frowein, CFO

May 10, 2006

This presentation includes certain forward-looking statements. Actual results could differ materially from those included in the forward-looking statements due to various risk factors and uncertainties, including changes in business, economic and competitive conditions, regulatory reforms, foreign exchange rate fluctuations, uncertainties in litigation or investigative proceedings, and the availability of financing. Past performance is no guarantee for future performance. MLP AG does not undertake any responsibility to update the forward- looking statements contained in this presentation.

Business highlights Q1 2006

  • y German Financial Supervisory Authority (BaFin) grants MLP Finanzdienstleistungen AG a licence for investment and contract brokerage in accordance with § 32 of the German Banking Law (KWG)
  • y Restructuring of foreign business: Discontinuation of the operative business in Switzerland as planned
  • y Revenue and earnings significantly above Q1 2005 level
  • y EBIT margin of consulting and sales segment clearly improved
  • y Significant rise in number of new customers
  • y Successful comprehensive consulting approach: Newly arranged business clearly exceeds previous year's levels in all categories

Revenue significantly increased

Total revenue

  • y Total revenue up by 20%
  • y Revenue from brokerage business up by 19%

.

y Riester step accounts for around € 25 mln. of brokerage revenue

No major change in business mix

Revenue from brokerage business, Q1 06 (Q1 05): € 106.0 mln. (€ 88.9 mln.)

Strong leverage effect on earnings

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  • y Group EBIT increased by 68%
  • y Financial result improved as a result of higher cash levels and repayment of factoring agreements in 2005
  • y EPS almost trebled

Expenses developed as planned

Expenses

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  • y Expenses for brokerage business increased according to revenue
  • y Ongoing cost control: Total fixed costs increased by 7% as planned
  • y Expansion of the occupational pensions area and further sales support leads to rising personnel costs

EBIT margin improved

Consulting and sales segment and banking segment

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ySuccessful comprehensive consulting approach: Newly arranged business in all categories above previous year's level

  • y Losses under foreign operations were reduced after closing down operational business in Switzerland and posting favourable business development results in Austria
  • y EBIT margin improved by 110 bp

Strong balance sheet

Assets

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Shareholders' Equity and Liabilities

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Clients and Consultants

Consulting and sales segment

Consultants*

Revenue per consultant (€ thsd.)*

Summary and outlook

  • y All targets for 2006 and 2007 confirmed
  • y EU Brokerage Guideline
    • y Implementation as national legislation expected in the course of the year
    • y Will lead to a consolidation in the market
    • y Further strengthening of IFAs
  • yExpansion of MLP Private Wealth Management according to plan

Contact

MLP Investor Relations Forum 7 69126 Heidelberg Germany

Contact: Investor Relations:

Michael Pfister, Head of Communications Helmut Achatz, Head of Investor Relations

Tel. +49 (0) 6222 308 8320 Fax. +49 (0) 6222 308 1131 E-mail: [email protected]

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

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