Ovb Holding Ag · XETR:O4B
Ovb — Shareholder Meeting (June 2018)
24 slides from Ovb's shareholder meeting presentation, Jun 5, 2018
Slide 1: 48 years of experience, 14 European countries
48 years of experience Represented in 14 European countries 3.35 million clients 4,700 financial advisors Over 100 product partners
Slide 2: OVB Holding AG 2018 Annual General Meeting
OVB Holding AG 2018 Annual General Meeting Cologne, 5 June 2018 Mario Freis, CEO
Slide 3: Agenda
Agenda 1 The 2017 financial year 2 Business development in Q1/2018 3 2018 financial year outlook 4 »OVB Evolution 2022« strategy 3
Slide 4: 2017 financial year – an overview
2017 financial year – an overview Sales and operating income at the OVB Group almost reach the high level of the previous year »OVB Evolution 2022« strategy being implemented Proposed dividend of €0.75 per share matches that of the previous year 2016 2017 Change Total sales commission €231.8 m
Slide 5: Development of clients and financial advisors
Development of clients and financial advisors Clients Financial advisors Central and Eastern Europe: Central and Eastern Europe: significant growth (+ 3.1%*) number of advisors down (‐ 6.5%*) Germany: Germany: slight fall (‐ 1.6%*) number of advisors stable (‐ 0.3%*) Southern and Western E
Slide 6: Total sales commission by segment
Total sales commission by segment Central and Eastern Europe at the level of the previous year Southern and Western Europe largely stable Germany largely affected by the impact of the German Life Insurance Reform Act (LVRG) Group1) Central and Eastern Europe Germany2) Southern and Western Euro
Slide 7: EBIT development
EBIT development 16.5 16.0 Operating income down 3.3%, only 8.3 7.6 slightly lower than high previous‐year figure 6.7 6.7 At 7.1%, EBIT margin* stable year on year 9.5 9.5 Southern and Western Europe Germany ‐ 7.8 ‐ 8.0 Central and Eastern Europe Central units and consolidation 2016 2017 (in € m
Slide 8: Financial strength and independence
Financial strength and independence 31/12/2016 31/12/2017 46.9 47.8 Current assets 0.5 0.6 86.1 86.5 Non‐current assets 52.6 51.6 Current liabilities Non‐current liabilities 13.9 13.5 Shareholders' equity Assets Liabilities and Assets Liabilities and shareholders’ shareholders’ equity equity (in %)
Slide 9: Overview of Q1/2018
Overview of Q1/2018 Slight rise in total sales commission through recognition of subsequent pro rata and partially discounted sales commission of €1.7 million due to the application of IFRS 15 Scheduled development of operating earnings, influenced by higher expenses for strategic measures and i
Slide 10: Development of clients and financial advisors
Development of clients and financial advisors Clients Financial advisors Central and Eastern Europe: Central and Eastern Europe: significant growth (+ 3.4%*) number of advisors down (‐ 4.4%*) Germany: Germany: slight fall (‐ 1.5%*) number of advisors stable (‐ 0.2%*) Southern and Western E
Slide 11: Total sales commission by segment
Total sales commission by segment In Central and Eastern Europe, considerable growth of 5.0% was achieved Southern and Western Europe at €0.4 million slightly lower year on year Regulatory changes continue to have an impact in Germany Group1) Central and Eastern Europe Germany2) Southern and W
Slide 12: EBIT development
EBIT development 3.3 2.9 Group EBIT essentially influenced by a 2.0 scheduled increase in expenses for strategic 1.5 measures EBIT in the Southern and Western Europe 1.4 1.7 segment influenced by the trend in sales 2.2 Earnings growth in Germany results 2.0 from an increase in gross profit ‐ 2
Slide 13: General conditions and outlook for 2018
General conditions and outlook for 2018 Long‐term business potential in the area of private insurance and pension provision remains unchanged throughout Europe Considerably changing regulatory environment is a major challenge for the industry Investments and increased ongoing expenses associat
Slide 14: Long-term-oriented growth track
Long‐term‐oriented growth track 231.8 224.7 225.3 214.0 204.8 0.75 0.75 0.65 0.60 0.55 12.3 14.0 16.5 16.0 10.2 2013 2014 2015 2016 2017 Total sales commission (in € million) EBIT (in € million) Dividend (in €) 14
Slide 15: »OVB Evolution 2022« strategy being implemented
»OVB Evolution 2022« strategy being implemented The fundamental elements of our strategy Exploitation of potential Digitalisation Modernisation Expansion 15
Slide 16: Exploitation of potential
Exploitation of potential Development of the Europe‐wide training and professional development system Optimisation of cross‐selling and up‐selling activities Establishment and expansion of service units in the context of our service approach 16
Slide 17: Digitalisation
Digitalisation Development of IT‐supported advisory processes Digitalisation of the business processes Expanded options for interaction between clients, financial advisors and OVB Expansion of online business for our financial advisors in areas that are not consulting‐ intensive 17
Slide 18: Modernisation
Modernisation Online marketing for target‐group‐appropriate communication with clients and financial advisors Development and expansion of social media activities Group‐wide expansion of social commitment 18
Slide 19: Expansion
Expansion OVB will press ahead with the expansion into promising European markets and consequently continue its success story OVB is currently examining expansion into various national markets By 2022, OVB intends to be active in at least two more country markets 19
Slide 20: Our vision
Our vision We claim to provide the best comprehensive “allfinanz” advisory service with our highly qualified financial agents. Our services protect our European clients against the financial effects of diverse risks and fulfil their personal wishes and goals. If Europe’s citizens are asked who is on
Slide 21: 48 years of experience, 14 European countries
48 years of experience Represented in 14 European countries 3.35 million clients 4,700 financial advisors Over 100 product partners
Slide 22: Disclaimer
Disclaimer The information in this document in some cases includes forward‐looking statements that are based on assumptions and expectations and are subject to unforeseeable risks. If the assumptions regarding the further internal and external growth of the company prove to be inaccurate or if other
Slide 23: 2018 financial calendar
2018 financial calendar 5 June 2018 | Cologne 2018 Annual General Meeting 7 August 2018 | Cologne Results for the second quarter of 2018 and conference call 9 November 2018 | Cologne Results for the third quarter of 2018 and conference call 23
Slide 24: Contacts OVB Holding AG
Contacts OVB Holding AG Heumarkt 1 50667 Cologne Germany www.ovb.eu Jürgen Kotulla Brigitte Bonifer Chief Marketing Officer Director of Investor Relations Tel.: +49 (0) 221 2015‐233 Tel.: +49 (0) 221 2015‐288 Fax: +49 (0) 221 2015‐224 Fax: +49 (0) 221 2015‐325 E‐mail: jkotulla@ovb.de E‐mail: bbonife