Slide 1: Financial results H1/Q2 2015
Financial results H1/Q2 2015 Reinhard Loose, CFO 13th August 2015
Slide 2: Agenda
Agenda Highlights H1/Q1 2015 Key financial figures H1/Q2 2015 Consultants and clients Outlook and summary Questions & Answers MLP H1/Q2 2015 Financial Results Page 2
Slide 3: Highlights H1/Q2 2015
Highlights H1/Q2 2015 Market environment remains challenging – especially in old-age provision H1: Total revenue increases by 9 percent to € 246.5 million EBIT rises to € 8.1 million (H1 2014: € 4.5 million) Q2: EBIT totals € 1.1 million and remains at previous year’s level despite burden of
Slide 4: Agenda
Agenda Highlights H1/Q1 2015 Key financial figures H1/Q2 2015 Consultants and clients Outlook and summary Questions & Answers MLP H1/Q2 2015 Financial Results Page 4
Slide 5: H1: Total revenue rises to € 246.5 million
H1: Total revenue rises to € 246.5 million Total revenue H1 [in € million] 246.5 250 226.9 224.3 200 Revenue 226.5 205.4 204.5 237.3 216.0 216.8 150 Revenue from commissions and fees 100 Interest income 50 Other revenue 10.8 11.4 11.5 0 9.2 10.2 8.3 H1 2015 H1 2014 H1 2013 MLP H1/Q2 2015 Financial R
Slide 6: Q2: Total revenue rises to € 115.7 million
Q2: Total revenue rises to € 115.7 million Total revenue Q2 [in € million] 125 115.7 108.1 107.9 100 Revenue 75 106.2 98.3 98.1 111.5 103.9 Revenue from 103.7 commissions and fees 50 Interest income 25 Other revenue 5.3 5.6 5.6 0 4.2 4.2 4.2 Q2 2015 Q2 2014 Q2 2013 MLP H1/Q2 2015 Financial Results P
Slide 7: Strong growth in wealth management
Strong growth in wealth management Revenue [in € million] Q2 2015 Q2 2014* Δ in % H1 2015 H1 2014* Δ in % Old-age provision 41.1 44.1 -7 83.1 84.3 -2 Wealth management 41.9 34.4 22 82.6 67.0 23 Health insurance 10.4 9.7 7 22.2 21.1 5 Non-life insurance 5.1 5.3 -4 25.2 24.1 5 Loans and mortgages* 3.8
Slide 8: Assets under Management reach € 29.2 billion
Assets under Management reach € 29.2 billion Assets under Management Premium sum: old-age provision [in € billion] [in € billion] 30 29.0 29.2 28 27.5 1,5 1.37 25.3 1.25 26 24 Q2 1 0.74 Q2 22 0.68 20 18 0,5 Q1 Q1 16 0.63 0.57 14 12 0 06/2014 12/2014 03/2015 06/2015 H1 2014 H1 2015 MLP H1/Q2 2015 Fin
Slide 9: MLP benefits from further broadening of its revenue mix
MLP benefits from further broadening of its revenue mix Revenue from commissions and fees H1 2015: € 226.5 million (€ 205.4 million) 3% 3% (3%) (2%) 11% (12%) 37% Old-age provision (41%) Wealth management 10% (10%) Health insurance Non-life insurance Loans and mortgages Other commissions and fees 36
Slide 10: H1: EBIT increases to € 8.1 million
H1: EBIT increases to € 8.1 million Income statement [in € million] Q2 2015 Q2 2014 H1 2015 H1 2014* Special items Q2/2015: 115.7 108.1 • Depreciation Total revenue 246.5 226.9 Property EBIT 1.1 1.1 8.1 4.5 (€ 1.1 million) Finance cost -0.1 -0.1 -0.3 -0.1 • Incidental acquisition costs DOMCURA EBT 0
Slide 11: Core capital ratio: 14.3 percent
Core capital ratio: 14.3 percent MLP Group [in € million] 30/06/2015 31/12/2014 Intangible assets 154.1 156.2 Financial investments 137.0 145.3 • Equity ratio: 22.3% Cash and cash equivalents 73.1 49.1 • Core capital ratio: 14.3% Other receivables and other assets 91.5 117.7 Shareholders’ equity 364
Slide 12: Agenda
Agenda Highlights H1/Q1 2015 Key financial figures H1/Q2 2015 Consultants and clients Outlook and summary Questions & Answers MLP H1/Q2 2015 Financial Results Page 12
Slide 13: MLP attracts 12,200 new clients
MLP attracts 12,200 new clients Consultants Gross number of new clients 2.000 , 1,931 1,913 12.500 , 12,300 12,200 10.000 , 1.750 , 7.500 , 1.500 , 5.000 , 1.250 , 2.500 , 1.000 , 0 31/03/2015 30/06/2015 H1 2014 H1 2015 MLP H1/Q2 2015 Financial Results Page 13
Slide 14: Agenda
Agenda Highlights H1/Q1 2015 Key financial figures H1/Q2 2015 Consultants and clients Outlook and summary Questions & Answers MLP H1/Q2 2015 Financial Results Page 14
Slide 15: Implemented growth initiatives begin to bear fruit
Implemented growth initiatives begin to bear fruit Focus Measures implemented in the first half-year 1. Online strategy • Expansion of the Internet presence in order to serve as a significant channel for attracting interested parties and new clients • Start of the new Internet presence “MLP financif
Slide 16: Outlook: MLP anticipates EBIT above previous year's level
Outlook: MLP anticipates EBIT above previous year’s level Outlook Administrative costs* (excl. DOMCURA) Sales revenue [in € million] In each case compared to the previous year 311.6 2015 295.5 279.1 Revenue from old-age ** 274.3** Slight decrease provision 256.8 251.9 250.6 255 Revenue from health S
Slide 17: Anticipated pro-forma EBIT for DOMCURA in 2015: around € 2 million
Anticipated pro-forma EBIT for DOMCURA in 2015: around € 2 million As of 1st January, 2015, MLP is entitled to a share in profits for 100 percent of the shares. Transaction was closed on 29th July, 2015 EBIT: plus ~ € 5.0 million EBIT: minus ~ € 3.0 million 2015 Q1 Q2 Q3 Q4 • EBIT booked to equity c
Slide 18: Summary
Summary Broad-based growth in the first half-year Significant increase in wealth management – partly attributable to the value appreciation in the client portfolios Market environment remains difficult – especially in old-age provision As is customary in the MLP business model, the second qu
Slide 19: Agenda
Agenda Highlights H1/Q1 2015 Key financial figures H1/Q2 2015 Consultants and clients Outlook and summary Questions & Answers MLP H1/Q2 2015 Financial Results Page 19
Slide 20: Contact
Contact MLP Corporate Communications Alte Heerstr. 40 69168 Wiesloch Deutschland Frank Heinemann, Head of External Communications Andreas Herzog, Head Investor Relations and Financial Communications Tel.: +49 (0) 6222 308 8320 Fax: +49 (0) 6222 308 1131 investorrelations@mlp.de www.mlp-ag.de MLP