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MLP SE Investor Presentation 2010

Nov 11, 2010

289_ip_2010-11-11_022500a3-786b-4ba5-8ba5-a490a444e07a.pdf

Investor Presentation

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9M and Q3 2010 Results

Andreas Dittmar, Head of Finance

November 11, 2010

Agenda

  • •Highlights 9M and Q3 2010
  • •Financial details 9M and Q3 2010
  • •New business, consultants and clients
  • •Outlook and summary
  • •Questions and Answers

Highlights 9M and Q3 2009

  • •Q3: Positive revenue trend from Q2 continued
  • •Favourable market conditions for health insurance business
  • •Old-age provision market still challenging
  • •9M: Revenue commissions and fees increased by 2.6%
  • •Successful cost savings
  • •Earnings situation improved significantly

  • •AuM again reached a new record high

  • •Highlights 9M and Q3 2010

  • •Financial details 9M and Q3 2010
  • •New business, consultants and clients
  • •Outlook and summary
  • •Questions and Answers

9M: Revenue from commissions and fees increased by 2.6%

Total revenue

Q3: Positive revenue trend from Q2 continued

Total revenue

Health insurance and wealth management showed significant increase

Revenue: commissions and fees

[in € million]

Q
3
2
0
0
9		 Q
3
2
0
1
0		 Δ
%
i
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2
0
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9		 9
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*excluding MLP Hyp

Business mix more balanced

Revenue: commissions and fees, 9M 2010: € 313.4 m

[in %]

Earnings situation improved significantly

Continuing operations

Income statement

Q
3
2
0
0
9		 Q
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)
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1
  • •9M: EBIT rose by 45%
  • •9M: Net profit nearly tripled
  • • Q3: EBIT margin improved to 7.5%

Cost savings well on track

Development of fixed costs in 9M 2010

Strong balance sheet

MLP Group – selected balance sheet items

/
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9
  • •Equity ratio 28.3%
  • •Liquid funds € 197m
S
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%
  • •Highlights 9M and Q3 2010
  • •Financial details 9M and Q3 2010
  • •New business, consultants and clients
  • •Outlook and summary
  • •Questions and Answers

Further increase in AuM

Assets under Management and new business in old-age provision

*in accordance with the BVI methodology

Number of consultants and new clients

Agenda

  • •Highlights 9M and Q3 2010
  • •Financial details 9M and Q3 2010
  • •New business, consultants and clients
  • •Outlook and summary
  • •Questions and Answers

Medium-term outlook

2
0
1
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–
  • • Despite difficult market conditions, stable revenue expected in old-age provision in 2010, return to growth from 2011
  • • Increase in revenue expected in health insurance and wealth management

Outlook 2012: Increase in EBIT margin to 15%

MLP Group

EBIT margin*

* before acquisitions and one-offs

  • •Overall business development in Q3 was satisfactory
  • •Positive revenue trend from Q2 continued
  • •Earnings situation improved significantly
  • •Cost savings well on track
  • • Positive momentum in health insurance and wealth management will continue
  • •Difficult market conditions in old-age provision will continue
  • • Guidance reiterated:
  • yPlanned fixed costs to decrease by € 10m in 2010
  • yTargeted EBIT margin 2012: 15%

Agenda

  • •Highlights 9M and Q3 2010
  • •Financial details 9M and Q3 2010
  • •New business, consultants and clients
  • •Outlook and summary
  • •Questions and Answers

Contact

MLP Investor RelationsAlte Heerstr. 4069168 WieslochGermany

  • Helmut Achatz, Head of Investor Relations
  • Ines Löffler, Manager Investor Relations

Tel.: +49 (0) 6222 308 8320 Fax: +49 (0) 6222 308 1131

[email protected] www.mlp-ag.de

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