Mlp Se · XETR:MLP
Mlp — Shareholder Meeting (June 2024)
17 slides from Mlp's shareholder meeting presentation, Jun 27, 2024
Slide 1: Annual General Meeting 2024
Annual General Meeting 2024 Dr. Uwe Schroeder-Wildberg Chief Executive Officer of MLP SE Wiesloch, June 27, 2024
Slide 2: Highlights 2023
Highlights 2023 • MLP proves resilience of its business model – strategic developments consistently expedited • Despite severe external pressures: Total revenue reached new peak of €973 million (PY: €949 million) • Key figures relevant for future revenue development increased to record levels: Asset
Slide 3: Trends support growth ambitions
Trends support growth ambitions GROWING WEALTH, MORE ASSET SUCCESSIONS increases demand DEMOGRAPHIC DEVELOPMENT for wealth management with a increasingly generates need for diversified portfolio private and occupational pension provision DIGITALISATION improves client INFLATION increases demand for
Slide 4: Total revenue at new all-time high
Total revenue at new all-time high Total X revenue of the MLP Group Recurring X Revenue inx € million Proportion x of sales revenue 973 935 30 % 709 2005 630 628 564 532 546 554 499 68 % 2023 2005 2007 2009 2011 2013 2015 2017 2019 2021 2023 4
Slide 5: Stable revenue structure
Stable revenue structure Sales revenue breakdown into consulting fields in € million, FY 2023, previous year‘s values in brackets Wealth management Health insurance -3 % FY: 308 (317) +8 % FY: 60 (56) Loans and mortgages Old-age provision +2 % -35 % (without MLP Hyp) FY: 234 (229) FY: 14 (22) Non-li
Slide 6: Revenue recorded in competence fields
Revenue recorded in competence fields Sales revenueXbreakdown into competence fields in € million, FY 2023, x previous year‘s values in brackets Wealth 408 (398) +3 % Life & Health 294 (285) +3 % Wealth management 308 (317) -3 % Old-age provision 234 (229) +2 % Interest income 66 (21) +209 % Health
Slide 7: Growth in key figures
Growth in key figures Assets X under management* Non-life X insurance portfolio volume inx € billion, as of December 31 inx € million, as of December 31 56.6 57.0 54.3 687 632 42.7 561 39.2 440 406 336 11.4 2007 2019 2020 2021 2022 2023 2016 2019 2020 2021** 2022 2023 * contains wealth management an
Slide 8: Family clients increased to 580,000
Family clients increased to 580,000 Family X clients Corporate X and institutional clients inx thousands, as of December 31 inx thousands, as of December 31 28.4 580 27.4 24.8 22.5 569 562 555 2020 2021 2022 2023 2020 2021 2022 2023 New clients gross (in thousands) 18.4 21.1 19.2 19.5 8
Slide 9: EBIT at €70.7 million – strong balance sheet
EBIT at €70.7 million – strong balance sheet Income statement Balance sheet figures MLP Group (in € million) 2023 2022 △ MLP Group December 31, 2023 Total revenue 973.5 949.1 +3 % Balance sheet total €3,917 million EBIT 70.7 75.6 -6 % Shareholders' equity €532 million Finance result -1.7 -2.5 -31 %
Slide 10: Consistent dividend: 30 cents per share proposed
Consistent dividend: 30 cents per share proposed Dividend X per share Dividend X yield inx cents in relation to the respective year-end price 30 30 30 5.8 % 5.4 % 23 4.3 % 21 3.8 % 3.5 % 2019 2020 2021 2022 2023* 2019 2020 2021 2022 2023 * Subject to approval by the Annual General Meeting on 27 June
Slide 11: Consistent digitalisation – support from artificial intelligence
Consistent digitalisation – support from artificial intelligence Group-wide digitalisation strategy Targeted and responsible expansion of digital robots and AI (selection) Direct client support Use cases in the Email distribution context of ChatGPT and electronic Financial home mail processing Autom
Slide 12: Further development of consultants and workforce
Further development of consultants and workforce Effects of AI on workplaces… Demography management for the MLP consultant base: of managers surveyed expect professional duties to be Trainee programme 87 % extended rather than replaced by generative AI. …and financial consulting Site planning of the
Slide 13: Forecast 2024
Forecast 2024 Sales revenue EBIT X very positive: ++, positive: +, neutral: 0, negative: -, very negative: -- inx € million 100-110 96.8 ++ 59.4 75.6 70.7 75-85 Wealth + 0 Life & Health 2020 2021 2022 2023 2024e 2025p Property & Forecast Planning Casualty 13
Slide 14: Planning 2025
Planning 2025 2025 EBIT €100 – 110 Growing non-life million insurance business Sustainable growth & Group synergies Increase in assets • Portfolio volume still increasing (plan: €730 to 810 million) under management • Increase in old-age provision • Contribution from private and revenue corporate cl
Slide 15: Q1 2024: Successful start to the year
Q1 2024: Successful start to the year Income statement Sales revenue breakdown into competence fields in € million, Q1 2024, previous year‘s values in brackets, * MLP Group (in € million) Q1 2024 Q1 2023 △ Total revenue 284.1 262.8 +8 % Wealth 116 (91) +27 % EBIT 37.0 32.4 +14 % 21 % Finance result
Slide 16: Summary
Summary • Pronounced stability in the last financial year – thanks to strategically developed business model with mutually compensating or even reinforcing pillars • Forecast for 2024 underscores resilience and growth opportunities of the MLP Group – pioneering role in the market for high-quality fi
Slide 17: Many thanks for your time
Many thanks for your time We are happy to answer your questions Tel. +49 (0)6222 • 308 • 8320 E-Mail investorrelations@mlp.de Website www.mlp-se.com 17