AI assistant
MLP SE Investor Presentation 2021
289_ip_2021-08-12_53f21124-d98b-45a9-986f-9796ef858cc4.pdf
Investor Presentation
Open in viewerOpens in your device viewer
{# SEO P0-1: filing HTML is rendered server-side so Googlebot
sees the full text without executing JS or following an
iframe to a Disallow'd CDN path. The content has already
been sanitized through filings.seo.sanitize_filing_html. #}
Business figures H1/Q2 2021
Reinhard Loose Chief Financial Officer
Wiesloch, August 12, 2021
• Highlights of H1/Q2 2021
- Key financial figures H1/Q2 2021
- Consultants and clients
- Summary and outlook
- Questions and answers
Highlights of H1/Q2 2021
- At € 31.4 million after the first six months of the year, EBIT is significantly above the previous year's level, increase also recorded in Q2
- Total revenue rises significantly in H1 (+17 %) reaching a new all-time high of € 421.8 million, record gains in Q2 (+21 %)
- H1: Revenue increases in all consulting fields, above all in the fields of real estate brokerage (+39 %) and wealth management (+33 %)
- At € 51.4 billion, assets under management surpass the € 50 billion mark for the first time
-
Forecast for 2021: Upper end of the communicated EBIT corridor of € 55 to 61 million expected – Planning for 2022 confirmed
-
Highlights of H1/Q2 2021
- Key financial figures H1/Q2 2021
- Consultants and clients
- Summary and outlook
- Questions and answers
Rise in total revenue by 17 % (H1) and 21 % (Q2)
H1 total revenue
Each as at June 30
Growth in all consulting fields
Revenue H1 and Q2
Previous year's values in brackets * Excluding MLP Hyp
6 MLP H1/Q2 2021 business figures
Positive development of key figures
in € billion in € million 11.4 39.2 42.7 51.4 0 10 20 30 40 50 60 2007 2019 2020 Q2 2021
As of December 31, Q2 as of June 30
Assets under management Non-life insurance portfolio volume
*incl. first-time consolidation of RVM Group
Targeted value creation within the MLP Group
Tangible added value thanks to shared and deeper value creation
H1: EBIT at € 31.4 million
Income statement
in € million
| Q2 2020 | Q2 2021 | H1 2020 | H1 2021 | ||
|---|---|---|---|---|---|
| Total revenue | 165.3 | 200.4 | 359.0 | 421.8 | |
| EBIT | 8.1 | 9.6 | 18.8 | 31.4 | |
| Finance cost | 0 | -0.8 | -1.0 | -1.7 | |
| EBT | 8.1 | 8.8 | 17.8 | 29.7 | |
| Taxes | -2.5 | -3.4 | -4.7 | -8.5 | |
| Net profit | 5.6 | 5.4 | 13.1 | 21.2 | |
| EPS in € (diluted/basic) |
0.05 | 0.05 | 0.12 | 0.19 |
Significant EBIT effects in Q2:
- Q2/2020: One-off earnings contribution of € 3.4 million for a VAT refund
- First-time consolidation of RVM with an EBIT effect of € -1.1 million
- Increased consulting expenses
Strong balance sheet
| in € million | Assets | 31.12.2020 | 30.06.2021 |
|---|---|---|---|
| Excerpt | Intangible assets | 178.9 | 222.7 |
| Financial assets | 197.6 | 207.4 | |
| Receivables from clients in the banking business | 880.6 | 913.2 | |
| Receivables from banks in the banking business | 751.5 | 588.5 | |
| Other receivables and assets | 199.8 | 198.1 | |
| Cash and cash equivalents | 859.0 | 1,209.1 | |
| Liabilities and shareholders' equity | |||
| Shareholders' equity | 454.0 | 450.1 | |
| Provisions | 115.8 | 103.9 | |
| Liabilities due to clients in the banking business | 2,271.9 | 2,507.4 | |
| Liabilities due to banks in the banking business | 107.5 | 120.5 | |
| Other liabilities | 265.7 | 302.4 | |
| Total | 3,235.0 | 3,513.5 |
Equity ratio: 12.8%
Return on equity: 4.7%
Core capital ratio: 18.5%
Net liquidity: € 149 million
10 MLP H1/Q2 2021 business figures
- Highlights of H1/Q2 2021
- Key financial figures H1/Q2 2021
- Consultants and clients
- Summary and outlook
- Questions and answers
Number of consultants above previous year
Number of family clients increases to 557,100
Family clients Corporate and institutional clients
*incl. first-time consolidation of RVM Group
- Highlights of H1/Q2 2021
- Key financial figures H1/Q2 2021
- Consultants and clients
- Summary and outlook
- Questions and answers
Forecast 2021
Qualitative assessment of revenue development Earnings performance (EBIT) very positive: ++, positive: +, neutral: 0, negative: -, very negative: -- in € million
EBIT target range for 2022 of € 75 to 85 million confirmed
An overview of growth areas for 2022
Summary
- Further increase in revenue and profit in the first half year providing a positive impetus for the rest of the year
- MLP benefits from a broad base and networking of diverse perspectives and areas of expertise within the Group
- Optimistic outlook for the second half of the year the Group also remains on course in terms of its 2022 planning
- Highlights of H1/Q2 2021
- Key financial figures H1/Q2 2021
- Consultants and clients
- Summary and outlook
- Questions and answers
Many thanks for your time.
We are happy to answer any questions you may have.
