AI assistant
MLP SE — Investor Presentation 2022
Aug 11, 2022
289_ip_2022-08-11_8b546d90-1c33-421f-b08d-fbae5960051c.pdf
Investor Presentation
Open in viewerOpens in your device viewer
Business figures H1/Q2 2022
Reinhard Loose Chief Financial Officer of MLP SE
Wiesloch, August 11, 2022
Agenda
• Highlights of H1/Q2 2022
- Key financial figures H1/Q2 2022
- Consultants and clients
- Summary and outlook
- Questions and answers
Highlights of H1/Q2 2022
- Total revenue increases to € 472.6 million in the first six months of 2020 (up 12 %)
- Key revenue drivers are real estate (up 126 %) and non-life insurance (up 20 %)
- H1 EBIT increases to € 44.1 million (H1 2021: € 31.4 million), Q2 EBIT stable at € 9.5 million despite difficult framework conditions (Q2 2021: € 9.6 million)
- Despite additional economic burdens: MLP reaffirms its forecast for the financial year (EBIT of € 75 to 85 million)
-
Mid-term planning confirmed: EBIT set to reach € 100 to 110 million by the end of 2025 with more than € 1.1 billion in sales revenue
-
Highlights of H1/Q2 2022
- Key financial figures H1/Q2 2022
- Consultants and clients
- Summary and outlook
- Questions and answers
Total revenue up by 12 %
In € million
Each as at June 30
Successful diversification beyond old-age provision
*incl. real estate development
Revenue growth above all in real estate and non-life insurance business
An overview of key figures
*incl. first-time consolidation of RVM Group as of April 1, 2021
As of December 31, Q1 as of March 31, Q2 as of June 30
H1: EBIT increases significantly to € 44.1 million
Income statement
In € million
| Q2 2021 | Q2 2022 | Change in % | H1 2021 | H1 2022 | Change in % | |
|---|---|---|---|---|---|---|
| Total revenue | 200.4 | 217.9 | +8.7 | 421.8 | 472.6 | +12.0 |
| EBIT | 9.6 | 9.5 | -1.0 | 31.4 | 44.1 | +40.4 |
| Finance cost | -0.8 | -0.7 | -12.5 | -1.7 | -1.4 | -17.6 |
| EBT | 8.8 | 8.7 | -1.1 | 29.7 | 42.7 | +43.8 |
| Taxes | -3.4 | -1.9 | +44.1 | -8.5 | -11.7 | -37.6 |
| Net profit | 5.4 | 6.8 | +25.9 | 21.2 | 31.0 | +46.2 |
| EPS in € (diluted/basic) |
0.05 | 0.05 | 0 | 0.19 | 0.28 | +47.4 |
Strong balance sheet
In € million
| Assets | Dec 31, 2021 | June 30,2022 | |||
|---|---|---|---|---|---|
| Intangible assets | 226.8 | 241.1 | |||
| Financial assets | 195.2 | 250.6 | |||
| Receivables from clients in the banking business | 961.4 | 1,055.6 | |||
| Receivables from banks in the banking business | 478.3 | 590.3 | |||
| Other receivables and assets | 261.9 | 237.1 | |||
| Cash and cash equivalents | 1,377.8 | 1,168.6 | |||
| Liabilities and shareholders' equity | |||||
| Shareholders' equity | 496.2 | 504.1 | |||
| Provisions | 137.0 | 99.7 | |||
| Liabilities due to clients in the banking business | 2,516.1 | 2,603.4 | |||
| Liabilities due to banks in the banking business | 129.3 | 135.4 | |||
| Other liabilities | 370.3 | 339.4 | |||
| Total | 3,693.4 | 3,734.1 |
Return on equity: 6.1 % Equity ratio: 13.5 % Core capital ratio: 18.2 % Net liquidity: € 144 million
- Highlights of H1/Q2 2022
- Key financial figures H1/Q2 2022
- Consultants and clients
- Summary and outlook
- Questions and answers
Development of client and consultant numbers
- Highlights of H1/Q2 2022
- Key financial figures H1/Q2 2022
- Consultants and clients
- Summary and outlook
- Questions and answers
Extended value creation within the MLP Group
Expansion of business relations with growing range of services in the network
Intensive networking and further knowledge transfer among specialists from the Group divisions
Strong brands in their respective business field:
Digitalisation to increase process efficiency for both clients and consultants
*Different client groups within the Group: private clients, family offices, institutional investors, companies, brokers and other intermediaries etc.
Forecast for 2022 confirmed
very positive: ++, positive: +, neutral: 0, negative: -, very negative: --
Planning for 2025 reaffirmed
Supported by enhanced cost efficiency
- Further increase in revenue and EBIT in the first six months despite an economic slowdown which has already begun in parts of the market
- Overall positive outlook for the second half of the year, while maintaining awareness of further rising risks
-
Focus remains on mid-term planning: taking the MLP Group to the next level in terms of both sales revenue and earnings by the end of 2025
-
Highlights of H1/Q2 2022
- Key financial figures H1/Q2 2022
- Consultants and clients
- Summary and outlook
- Questions and answers
Many thanks for your time.
We are happy to answer any questions you may have.
69168 Wiesloch