MLP SE — Investor Presentation 2022

Oct 17, 2022

MLP SE – Tailored solutions for all financial questions Roadshow USA

October 2022

MLP at a glance

Business performance H1 2022

We enable people and companies to make better financial decisions.

Mission MLP Group

3 Roadshow USA, October 2022

Leading financial advisory group with about 590,000 family and corporate clients

DIVERSIFIED Diversified provider of premium financial and wealth management services with strong B2C and B2B brands. Unique advisory and sales competence. Over 4,000 employees and consultants serve an attractive client portfolio of 590,000 increasingly affluent and high net worth individuals, SMEs and institutional Revenues 2021 € 935m (+22% yoy) EBIT 2021 € 97m (+63% yoy) Total AuM Dec 31,2021 € 57bn (+33%) Non-life insurance volume Dec 31,2021 € 555m (+29%) INDEPENDENT Independent advice that help our clients make better financial decisions – from asset management and old-age provision to insurance and real estate.

UNIQUE

investors.

Diversified advisory portfolio with leading B2C and B2B brands

Wealth management

Old-age provision

Comprehensive expertise and networking of different perspectives create exceptional added value

Wealth management	Old-age provision	Insurance	Real estate
• Investment management • Investment consulting • Expertise in alternative assets (e.g. hedge funds) • Economic and capital market research (e.g. asset liability studies)	• Life insurances and disability protection • Occupational pension schemes • Insurance consulting SMEs, self-employed employers (tax advisors etc.) Asset-liability management •	• Non-life insurance • Health insurance • Industrial insurance • Underwriting for financial consultants and platforms	• Real estate investing • Direct brokerage • Market place for investment properties (all asset classes) • Development and sale of senior citizen apartments

Our wealth management business is a key growth driver

Assets under management¹

¹ Total assets are consolidated IFRS figures, rounded unconsolidated for FERI and MLP Banking.

• Multi-asset approach
• Increasing share of alternative assets (Dec 31, 2021:∼27%) and ESG investments
• AuM from private and institutional clients
• High level of digitisation of processes, transactions and reporting

Diversified and highly predictable cash flows with attractive growth perspectives

MLP SE: Attractive dividend policy & valuation

Sustainability management becoming more important

MLP at a glance

Highlights of H1/Q2 2022

• Total revenue increases to € 472.6 million in the first six months of 2022 (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

Total revenue up by 12 %

In € million

Each as at June 30

Revenue growth above all in real estate and non-life insurance business

Assets under management almost at record level

*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

Equity ratio: 13.5 %

Core capital ratio: 18.2 %

Net liquidity: € 144 million

Development of client and consultant numbers

Dividend of 30 cents per share for 2021

MLP at a glance

Business performance

Forecast 2022 – EBIT benefits from successfully implemented growth drivers

Forecast 2022 – Diversified revenue growth

Qualitative assessment of revenue development

very positive: ++, positive: +, neutral: 0, negative: -, very negative: --

Compelling growth strategy leveraging the synergies of advisory platform and client portfolio

enhanced added value within growing customer base

Intensive collaboration and know-how transfer from specialist to specialist

Planning for 2025 – EBIT and sales revenue reaching the next level

Selected acquisitions strengthen core advisory fields and accelerate growth

Our strategic M&A targets

Strengthen financial advisory

Access to innovations

Extension of the value chain

Disciplined M&A selection process focusing on high group synergies and value contribution

Increase share of recurring business

Exemplary transactions

2015 Underwriter agency non-life insurances for private clients and brokers

2019

Real estate brokerage platform with a strong sales partner network

2021

Industrial insurance platform with a broad SME customer base

• 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

Thanks for your attention!

If you have any questions, please do not hesitate to contact us.

+49 6222 • 308 • 8320 investorrelations@mlp.com mlp-se.com Financial calendar 2022 November 10, 2022 Publication of the financial results for the first nine months and the third quarter 2022 November 30, 2022 Deutsches Eigenkapitalforum, Frankfurt am Main

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