Ovb Holding Ag · XETR:O4B

Ovb — FY2008 Earnings Presentation

28 slides from Ovb's earnings presentation, Mar 31, 2009

  1. Slide 1: Financial Statements 2008

    Financial Statements 2008 Success Through Diversity Analyst Conference 31 March 2009, Frankfurt Michael Frahnert, CEO Oskar Heitz, CFO

  2. Slide 2: Agenda

    Agenda 1 Core statements 2008 2 Development of our value factors 3 Key figures and financial information 4 Outlook 5 Appendix 2 Analyst Conference – 31 March 2009

  3. Slide 3: Core statements business year 2008

    Core statements business year 2008 ■ Considerable sales growth what is becoming an increasingly difficult overall business environment ■ Stable operating result, net income up strongly Total sales commission: EUR 260.2 million Î + 5.7% EBIT: EUR 28.8 million Î - 0.4% Consolidated net income: EUR 24.

  4. Slide 4: Core statements business year 2008

    Core statements business year 2008 ■ Varying trends in the three regional segments ■ Increasing customer uncertainty evident ■ Expansion of the operating basis Number of customers up to 2.78 million Î + 6.5% Advisor team expanded to 4,862 full-time financial advisorsÎ + 2.0% Success story continues

  5. Slide 5: Agenda

    Agenda 1 Core statements 2008 2 Development of our value factors 3 Key figures and financial information 4 Outlook 5 Appendix 5 Analyst Conference – 31 March 2009

  6. Slide 6: Clients

    Clients Group ■ Considerable customer growth + 6.5% + 6.1% + 7.0% in Europe 2.78 2.61 2.30 2.44 million million million ■ Satisfactory customer growth million in Germany 2005 2006 2007 2008 Central and Eastern Europe ■ 63% of our customers live in + 8.0% 1.63 1.76 Central and Eastern Europe million

  7. Slide 7: Financial advisors

    Financial advisors Group ■ Considerable expansion of + 2.0% + 8.6% + 13.2% sales capacity in Central and Eastern Europe 4,765 4,862 3,876 4,210 ■ Temporary decline in Germany 2005 2006 2007 2008 and Southern and Western Central and Eastern Europe Europe + 11.3% 2,690 2,994 ■ Special effect : 2007 20

  8. Slide 8: Structure of new business 2008 (2007)

    Structure of new business 2008 (2007) ■ Pension and asset accumulation focus of new business ■ Unit-linked products was the focus ■ In HY2 shift from bank-related products to classical pension products Building society Health insurance savings contracts/ 4% (4%) financing 8% (7%) Corporate pension P

  9. Slide 9: Agenda

    Agenda 1 Core statements 2008 2 Development of our value factors 3 Key figures and financial information 4 Outlook 5 Appendix 9 Analyst Conference – 31 March 2009

  10. Slide 10: Development of sales 2008/2007

    Development of sales 2008/2007 (EUR million, rounded) ■ Positive Group sales trend due to good performance of international subsidiaries ■ In Germany sales down in difficult market and industry environment Group Central and Eastern Europe Germany Southern and Western Europe + 5.7% + 16.7% 246.2 260.

  11. Slide 11: EBIT

    EBIT (EUR million, rounded) ■ Stable result in times when - 0.4% others are posting record 29.0 28.8 losses ■ EBIT margin at 11.1% over 21.1 22.2 industry average 9.4 7.4 6.9 Central and Eastern Europe 6.5 Germany -8.4 -7.3 Southern and Western Europe 2007 2008 Central divisions, consolidation 11 An

  12. Slide 12: Consolidated net income, EPS, dividend

    Consolidated net income, EPS, dividend Consolidated net income EPS (in EUR) Dividend per share (in EUR) (EUR million, rounded) + 20.5% 24.4 20.2 + 20.4% + 17.4% 1.71* 1.35 1.42* 1.15 2007 2008 2007 2008 2007 2008 * Based on 14,251,314 shares Dividend proposal per share and payout volume increase by

  13. Slide 13: Consolidated income statement

    Consolidated income statement (EUR million, rounded) 2008 2007 Revenues 236.4 221.8 EBIT 28.8 29.0 Financial result 1.9 2.9 Taxes -6.3 -11.7 Consolidated net income 24.4 20.2 EPS (in EUR) 1.71 1.42 Revenues Î + 6.6% EBIT Î stable Consolidated net income Î + 20.5% 13 Analyst Conference – 31 March 200

  14. Slide 14: Asset and capital structure

    Asset and capital structure (in %, figures rounded) 2007 2008 41.7 40.1 0.7 0.8 Current assets 88.8 86.1 Non-current assets 57.6 59.1 Current liabilities Non-current liabilities 11.2 13.9 Equity Assets Liabilities Assets Liabilities Strong balance sheet: considerable financial flexibility; equity ra

  15. Slide 15: Agenda

    Agenda 1 Core statements 2008 2 Development of our value factors 3 Key figures and financial information 4 Outlook 5 Appendix 15 Analyst Conference – 31 March 2009

  16. Slide 16: Conclusion and outlook

    Conclusion and outlook Impact of the financial market crisis difficult to assess ■ We too note customer uncertainty ■ We too note lower incomes But: ■ The finance crisis is primarily a bank crisis which opens up opportunities for free distribution ■ We have and offer a selection from 100 product par

  17. Slide 17: Agenda

    Agenda 1 Core statements 2008 2 Development of our value factors 3 Key figures and financial information 4 Outlook 5 Appendix 17 Analyst Conference – 31 March 2009

  18. Slide 18: Central and Eastern Europe (EUR million)

    Central and Eastern Europe (EUR million) Total sales commission EBIT EBIT margin + 16.7% + 5.3% - 2.0% pts. 122.7 21.1 22.2 20.1% 105.2 18.1% 2007 2008 2007 2008 2007 2008 High sales momentum with ongoing profitability 18 Analyst Conference – 31 March 2009

  19. Slide 19: Germany (EUR million)

    Germany (EUR million) Total sales commissions EBIT EBIT margin - 7.0% 91.6 85.2 - 1.6% pts. - 21.3% 10.3% 9.4 8.7% 7.4 2007 2008 2007 2008 2007 2008 Growth dips as a result of the financial crisis and regulatory requirements 19 Analyst Conference – 31 March 2009

  20. Slide 20: Southern and Western Europe (EUR million)

    Southern and Western Europe (EUR million) Total sales commission EBIT EBIT margin - 1.6% pts. 14.0% + 5.9% 12.4% 52.3 - 5.8% 49.3 6.9 6.5 2007 2008 2007 2008 2007 2008 Sales up, earnings largely retained 20 Analyst Conference – 31 March 2009

  21. Slide 21: Financial Data 2008/2007

    Financial Data 2008/2007 (EUR million, rounded) 2008 2007 Revenues 236.4 221.8 Brokerage expenses - 142.5 - 134.4 Personnel expenses - 24.6 - 21.5 Depreciation and amortisation - 3.8 - 4.3 Other operating expenses - 52.8 - 45.2 Other operating income 16.3 12.6 EBIT 28.8 29.0 EBIT margin* (%) 12.2 13

  22. Slide 22: Consolidated balance sheet

    Consolidated balance sheet (EUR million, rounded) 12/ 31/2008 12/31/2007 Assets Non-current assets 22.6 17.4 Intangible assets 140.3 138.1 Trade receivables 19.4 23.8 Receivables and other assets 33.1 22.7 Securities and other investments 52.7 53.8 Cash and cash equivalents 35.1 37.8 Total assets 16

  23. Slide 23: Development of sales in a five-year period

    Development of sales in a five-year period (EUR million, rounded) + 15.4% + 5.7% + 17.7% + 2.5% 260.2 246.2 213.3 181.2 176.7 2004 2005 2006 2007 2008 23 Analyst Conference – 31 March 2009

  24. Slide 24: Development of annual net income in a five-year period

    Development of annual net income in a five-year period + 20.5% + 23.9% + 24.2% 24.4 + 26% 20.2 16.3 13.1 10.4 2004 2005 2006 2007 2008 24 Analyst Conference – 31 March 2009

  25. Slide 25: Tapping into foreign markets

    Tapping into foreign markets 1991 OVB Austria 1992 OVB Poland, OVB Slovakia, OVB Czech Republic, OVB Hungary 1993 OVB Greece 1995 Takeover of Fidicon, Switzerland 1998 OVB Croatia 2002 OVB Italy, OVB Romania, OVB Spain 1970 OVB Germany established 2003 OVB France 2007 OVB Ukraine 1970 1990 1995 2000

  26. Slide 26: Financial calendar 2009

    Financial calendar 2009 Press briefing on annual results, Analyst Conference, Annual Report 2008 03/31/2009 Taunustor Conference-Center (Japan Center) Taunustor 2, 60311 Frankfurt 05/14/2009 Results for the first quarter of 2009, Cologne, Conference Call 06/12/2009 Annual General Meeting 2009, Colog

  27. Slide 27: Contact

    Contact OVB Holding AG Heumarkt 1 50667 Cologne Germany www.ovb.ag Brigitte Bonifer Katja Meenen Director Manager Investor Relations Public Relations Phone: +49 (0) 221 - 2015 - 288 Phone: +49 (0) 221 - 2015 - 464 Fax: +49 (0) 221 - 2015 - 325 Fax: +49 (0) 221 - 2015 - 325 E-Mail: bbonifer@ovb.de E-

  28. Slide 28: Disclaimer

    Disclaimer Certain of the statements contained herein may be statements of future expectations and other forward-looking statements that are based on current views and assumptions and involve risks and uncertainties that could cause actual results, performance or events to differ materially from tho

OVB Holding — FY2008 Earnings Presentation on 6ix