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MLP SE Investor Presentation 2010

Aug 12, 2010

289_ip_2010-08-12_75924556-8f99-4d29-a828-9ad6f41fafbe.pdf

Investor Presentation

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H1 and Q2 2010 Results

Andreas Dittmar, Head of Finance

August 12, 2010

  • Highlights H1 and Q2 2010
  • Financial details H1 and Q2 2010
  • New business, consultants and clients
  • Outlook and summary
  • •Questions and Answers

Highlights H1 and Q2 2010

  • •Market environment remained difficult in H1 2010
  • Q2: First increase in total revenue since start of the financial and economic crisis
  • •Earnings situation improved significantly
  • •AuM reached new record high: € 18.7 bn
  • •Dividend payment € 27.0 m, € 0.25 per share

  • H2 2010: Further significant pick-up in business development expected, especially in Q4

  • Highlights H1 and Q2 2010

  • Financial details H1 and Q2 2010
  • New business, consultants and clients
  • Outlook and summary
  • •Questions and Answers

H1: Total revenue at previous year's level

Total revenue

Q2: Revenue from commissions and fees increased by 8%

Total revenue

Significant revenue increase in major lines of business

Revenue: commissions and fees

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Wealth management share increased to 18%

Revenue: commissions and fees, H1 2010: € 208.8 m

Earnings situation improved significantly

Continuing operations

Income statement

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  • •H1 EBIT increased by 54%
  • •Tax rate H1: 33%
  • •H1 net profit: € 5.1 m

Development of fixed costs in H1 2010

Strong liquidity

MLP Group – selected balance sheet items

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  • •Liquid funds: € 192m
  • •Equity ratio: 27.7%
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  • Highlights H1 and Q2 2010
  • Financial details H1 and Q2 2010
  • New business, consultants and clients
  • Outlook and summary
  • •Questions and Answers

New record high in AuM

Assets under Management and new business in old-age provision

Positive development in new clients

  • Highlights H1 and Q2 2010
  • Financial details H1 and Q2 2010
  • New business, consultants and clients
  • Outlook and summary
  • •Questions and Answers

Medium-term outlook reiterated

Medium-term outlook

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  • Business prospects will continue to be affected by the difficult market environment
  • Old-age provision and health insurance: stable revenues in 2010, return to growth from 2011
  • •Increase in revenue expected in wealth management

Outlook 2012: Increase in EBIT margin to 15%

MLP Group

EBIT margin*

* before acquisitions and one-offs

Summary

  • •Successful business development in H1 2010
  • •Market environment will remain difficult
  • Customers still reluctant to invest in long-term old-age provision contracts
  • H2 2010: Further significant pick-up in business development expected, especially in Q4
  • •Reduction of fixed costs amounting to € 10 m in 2010

  • •EBIT margin target of 15% for 2012 reiterated

  • Highlights H1 and Q2 2010

  • Financial details H1 and Q2 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 Kittlitz, 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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