MLP SE

Investor Presentation • May 4, 2023

MLP SE – Tailored solutions for all financial questions Investor meetings Paris

May 2023

Summary

• Effects of worldwide crises and challenges successfully thwarted in the financial year 2022 – Total revenue increased to € 949.1 million and earnings before interest and taxes (EBIT) of € 75.6 million within the forecast corridor
• Further optimised positioning of the MLP Group Pronounced stability with further growth potential derived from the business model, ever stronger synergies within the MLP Group
• Forecast for 2023: EBIT expected to reach € 75 to 85 million
• Planning for 2025: Consistent progress along the chosen path, heading towards the next level in earnings growth – EBIT of € 100 to 110 million

MLP at a glance

Business performance FY 2022

We enable people and companies to make better financial decisions.

Mission MLP Group

Leading financial advisory group with almost 600,000 family and corporate clients

DIVERSIFIED Diversified provider of premium financial and wealth management services with strong B2C and B2B brands. UNIQUE Unique advisory and sales competence. Over 4,000 employees and consultants serve an attractive client portfolio of almost 600,000 increasingly affluent and high net worth individuals, SMEs and institutional investors. Revenues 2022 € 949m EBIT 2022 € 76m Total AuM Dec 31,2022 € 54bn Non-life insurance volume Dec 31,2022 € 632m INDEPENDENT Independent advice that help our clients make better financial decisions – from asset management and old-age provision to insurance and real estate.

Very stable positioning

Strong brands establish a broadly diversified consulting portfolio in the MLP Group

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

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

MLP SE: Attractive dividend policy & valuation

Sustainability management becoming more important

New direct client support

Generally already in place: Further development and networking in all MLP systems

Stake in benefit start-up :pxtra

• All-in-one digital solution for selection and management of additional benefits that employers offer their workforce
• Employees compile a package of benefits that best suits their own individual needs
• MLP Finanzberatung SE with a 78.5 % holding, also integrated into customer contact, as well as certain areas of the scope of services offered by TPC, particularly in occupational pension provision and occupational health insurance

MLP at a glance

Highlights FY 2022

• FY 2022: Total revenue increases to € 949.1 million (2021: € 934.5 million)
• Broadly diversified revenue structure, strong interest rate business
• Wealth management: Successful investment of client funds, net cash inflows as anticipated, capital market developments led to significant reduction in performancebased compensation over the previous year's extremely high figure
• Despite markedly changed and particularly challenging framework conditions: Earnings before interest and taxes (EBIT) of € 75.6 million (2021: € 96.8 million; 2020: € 59.4 million) remain within the forecast corridor
• Executive Board proposes dividend of 30 cents per share (2021: 30 cents)
• Financial year 2022 underlines stability of the MLP Group with business model still holding further growth potential

FY 2022: Total revenue increases to € 949.1 million

In € million

FY 2022: Stable revenue structure, strong interest rate business

An overview of key figures

*incl. first-time consolidation of the entities in the Industrial Broker segment; also including RVM with effect from April 1, 2021

Each as of December 31

Growth in the number of family, corporate and institutional clients

Corporate and institutional clients

Each as of December 31

FY 2022: EBIT within the forecast corridor

Income statement

In € million

	Q4 2021	Q4 2022	Change in %	2021	2022	Change in %
Total revenue	302.3	274.5	-9.1 %	934.5	949.1	+1.6 %
EBIT	49.5	23.4	-53.0 %	96.8	75.6	-21.9 %
Finance cost	-0.9	-0.5	+44.4 %	-3.6	-2.5	+30.5 %
EBT	48.6	22.9	-52.8 %	93.3	73.1	-21.6 %
Taxes	-17.0	-9.1	+46.5 %	-30.4	-24.4	+19.7 %
Net profit	31.6	13.8	-56.3 %	62.8	48.6	-22.6 %
EPS in € (basic/diluted)	0.29	0.13	-55.2 %	0.57	0.47	-17.5 %

Shareholders' equity rises to € 525.5 million

In € million

Assets	Dec. 31, 2021	Dec. 31, 2022
Intangible assets	226.8	234.5
Financial assets	195.2	243.6
Receivables from clients in the banking business	961.4	1,149.3
Receivables from banks in the banking business	478.3	753.2
Other receivables and assets	261.9	237.7
Cash and cash equivalents	1,377.8	961.2
Liabilities and shareholders' equity
Shareholders' equity	496.2	525.5
Provisions	137.0	97.6
Liabilities due to clients in the banking business	2,516.1	2,633.5
Liabilities due to banks in the banking business	129.3	137.0
Other liabilities	370.3	353.1
Balance sheet total	3,693.4	3,784.6

Return on equity: 9.8 % Equity ratio: 13.9 % Core capital ratio: 20.1 % Net liquidity: € 142 million

Executive Board proposes dividend of 30 cents per share

*Subject to approval by the Supervisory Board and Annual General Meeting.

MLP at a glance

Forecast 2023

2023: Diversified revenue growth forecasted

Qualitative assessment of revenue development

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

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

Supported by enhanced cost efficiency

Growth to next EBIT level in 2025: Success factors

Sustainable growth Private & occupational pension provision Group synergies Interest income (MLP Banking) Stable growth in all parts of the Group

• Contribution of institutional and private clients
• Young segment broke even in 2021 / further growth in old-age provision thanks to experienced consultants
• Ongoing recovery in occupational provision
• Sustainable growth in all parts of the Group, including the real estate business

• Portfolio volumes of between € 730 and 810 million planned by the end of 2025
• Further organic growth in MLP's private client business, at DOMCURA, as well as in the RVM Group

Thanks for your attention!

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

Financial calendar 2023