Mlp Se · XETR:MLP
Mlp — Q1 2023 Earnings Presentation
17 slides from Mlp's earnings presentation, May 11, 2023
Slide 1: Business figures Q1 2023
Business figures Q1 2023 Reinhard Loose Chief Financial Officer of MLP SE Wiesloch, May 11, 2023
Slide 2: Agenda
Agenda • Highlights Q1 2023 • Business performance Q1 2023 • Outlook and summary • Questions and answers 2
Slide 3: Highlights Q1 2023
Highlights Q1 2023 • Total revenue increased to € 262.8 million (up 3 %) – stable revenue structure, strong growth particularly in the interest rate business • At € 32.4 million, earnings before interest and taxes (EBIT) almost equalled the strong level recorded in the same quarter of the previous y
Slide 4: Stronger synergies in the Group
Stronger synergies in the Group Greater depth of value added in the Group • Mutual support through brand and know-how transfer in the Group • Economies of scale and expanded client base • Direct support for consulting processes by specialists • Sales revenue synergies through interaction of the comp
Slide 5: Agenda
Agenda • Highlights Q1 2023 • Business performance Q1 2023 • Outlook and summary • Questions and answers 5
Slide 6: Total revenue up by 3 percent
Total revenue up by 3 percent in € million Total revenue Q1 254.7 262.8 300 262.8 250 221.4 Revenue 200 177.8 Revenue from 163.0 232.6 254.4 commissions and fees 144.7 Revenue from real estate 150 125.5 130.8 130.9 238.8 249.9 116.4 development 109.2 Revenue from interest rate 100 business Other rev
Slide 7: Q1: Non-life insurance delivering the greatest share of revenue
Q1: Non-life insurance delivering the greatest share of revenue Revenue in € million Revenue breakdown: Wealth management Health insurance Q1: 73.8 (81.2) | -9% Q1: 15.4 (14.6) | +5% 36% 17% (33%) Old-age provision (16%) Loans and mortgages** Q1: 43.6 (40.4) | +8% Q1: 3.9 (5.6) | -31% 5% (8%) Non-li
Slide 8: An overview of key figures
An overview of key figures in € billion Assets under management in € million Non-life insurance portfolio volume 60 56.6 800 54.3 55.7 700 672.6 50 632.2* 42.7 600 554.6* 39.2 40 500 440.4 405.5 30 400 336.3 300 20 11.4 200 10 100 0 0 2007 2019 2020 2021 2022 Q1 2023 2016 2019 2020 2021 2022 Q1 2023
Slide 9: Q1: EBIT at € 32.4 million
Q1: EBIT at € 32.4 million Income statement in € million Q1 2022 Q1 2023 Change in % Total revenue 254.7 262.8 +3.2 EBIT 34.6 32.4 -6.3 Finance cost -0.6 -1.0 -66.1 EBT 34.0 31.4 -7.6 Taxes -9.8 -8.5 +13.0 Net profit 24.2 22.9 -5.4 EPS in € (diluted/basic) 0.23 0.22 -4.4 9
Slide 10: Strong balance sheet
Strong balance sheet in € million Assets Dec. 31, 2022 March 31, 2023 Equity ratio: 14.4% Intangible assets 234.5 233.5 243.6 234.1 Return on equity: 4.4% Financial assets 1,149.3 1,179.9 Receivables from clients in the banking business Core capital ratio: 21.2% Receivables from banks in the banking
Slide 11: Growth in the number of family, corporate and institutional clients
Growth in the number of family, corporate and institutional clients Family clients Corporate and institutional clients 573,100 575,000 30,000 564,200 28,200 555,200 550,200 550,000 543,200 24,800 25,000 22,400 525,000 21,600 21,000 20,000 500,000 475,000 15,000 Q1 2019 Q1 2020 Q1 2021 Q1 2022 Q1 202
Slide 12: Agenda
Agenda • Highlights Q1 2023 • Business performance Q1 2023 • Outlook and summary • Questions and answers 12
Slide 13: Forecast for 2023
Forecast for 2023 in € million EBIT 120 100-110 Wealth management 0 Health insurance 0 100 75-85 Loans and 80 Old-age provision + mortgages -- 60 Interest Non-life insurance ++ income ++ 40 20 Real estate brokerage and development - 0 2019 2020 2021 2022 2023e 2025p Forecast Planning very positive :
Slide 14: Planning for 2025: EBIT and sales revenue reach the next level
Planning for 2025: EBIT and sales revenue reach the next level 2025 EBIT € 100 – 110 Growing non-life million Sustainable growth & insurance business Revenue > € 1.1 billion Group synergies Increase in assets under management • Portfolio volumes on the rise • Contribution from private and • Greater
Slide 15: Summary
Summary • Successful start to the year despite pronounced and ongoing pressures in parts of the markets – compensating effects of multiple strong pillars in the Group • MLP remains on course for this year and beyond – also prepared for market challenges that could potentially persist for an extended
Slide 16: Agenda
Agenda • Highlights Q1 2023 • Business performance Q1 2023 • Outlook and summary • Questions and answers 16
Slide 17: Many thanks for your time.
Many thanks for your time. We are happy to answer any questions you may have. Alte Heerstraße 40 06222 • 308 • 8320 investorrelations@mlp.de mlp-se.com 69168 Wiesloch