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MLP SE

Investor Presentation • Aug 8, 2007

289_ip_2007-08-08_ce8f85c6-ed7e-43df-b189-20536babd3cf.pdf

Investor Presentation

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H1 and Q2 2007 Results

Uwe Schroeder-Wildberg, CEO

8th August 2007

Overview

  • yHighlights Q2 2007
  • yFinancial details H1 and Q2 2007
  • yClients
  • yConsultants
  • ySummary and outlook

Highlights Q2 2007 (1)

  • y Successful implementation of EU insurance mediation directive
  • y Focus on profitable foreign operations in Austria and the Netherlands
  • y Successful merger of MLP Bank AG and MLP Finanzdienstleistungen AG
  • yDividend payment of around € 40m
  • yJoint venture with Interhyp to optimize mortgage business

Highlights Q2 2007 (2)

  • y Positive trend in old-age pension provision business
  • yIncome from old-age pension provisions +7.4%
  • yArranged new business +44% compared to Q1 2007
  • y Income from health insurance business -43% due to reform of the German healthcare system
  • yTotal income +8%
  • yEBIT +28%
  • yAuM increased by around € 200m

MLP banking platform – an important USP for wealth management

Efficient and specialised service platform geared towards client needs

  • ÆConsistent implementation of a best-of approach on own service platform
  • Æ Own banking platform is a decisive prerequisite for client-oriented liquidity and wealth management

Total income increased

Total income

H1: Brokerage business at previous year's level

Income from brokerage business, H1 2007 (H1 2006): € 195.9m (€ 197.6m)

Q2: Positive trend in old-age pension provisions

Income from brokerage business, Q2 2007 (Q2 2006): € 88.7m (€ 91.5m)

EBIT development in line to reach FY 2007 Guidance

Continued operations

Income statement

[
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€
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n
m		 Q
2
2
0
0
6		 Q
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0
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7
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-		 7
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-		 1
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n		 0
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9
  • y H1 2007
  • yEBIT +31 %
  • y EBIT margin increased by 1.9 percentage points
  • y Net profit Q2 2006 was distorted by a tax refund

Income consulting and sales segment at previous year's level

Segment reporting

[
in
€
]
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* as at 31/12/06

Strong balance sheet

MLP Group assets

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

y

yLiquid funds of € 102m

Equity ratio stands at 25%

MLP Group liabilities and shareholders' equity

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,
  • y Shareholders' equity decreased due to dividend payment
  • y Decrease of other liabilities due to usual seasonal business development

Clients

Continued operations*

* excluding UK and Spain

Consultants

Continued operations*

* excluding UK and Spain

Summary and outlook

  • yOld-age pension provision business gained momentum in Q2
  • yTotal income and EBIT increased significantly
  • ySuccessful cost control
  • y MLP will be well prepared for upcoming changes in the regulatory framework (MiFID, amendments to the German insurance contract law)
  • y Introduced measurements to increase number of consultants will pay off in H2 2007
  • y EBIT guidance FY 2007 of € 110m for continued operations reiterated

Outlook for different business segments reiterated

Medium-term planning

2
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*
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,		 S
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w

* Adjusted after the withdrawal from markets in the UK and Spain in July 2007

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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