Ovb Holding Ag · XETR:O4B
Ovb — FY2011 Earnings Presentation
23 slides from Ovb's earnings presentation, Mar 27, 2012
Slide 1: OVB Annual Results 2011
OVB Annual Results 2011 Achieving more together ■ Over 40 years’ experience ■ Represented in 14 countries ■ 2.9 million clients ■ 4,900 financial consultants ■ 524,000 new contracts per year ■ Over 100 product partners 27 March 2012, Frankfurt am Main
Slide 2: Agenda
Agenda 1 Core statements for 2011 2 Development of our value factors 3 Key figures/financial information 4 Summary and outlook 5 Annex 2 Analyst conference – 27 March 2012
Slide 3: Core statements for the 2011 financial year
Core statements for the 2011 financial year ■ Significant increase in consolidated sales and rise in earnings ■ Dynamic, profitable growth in Central and Eastern Europe ■ Moderate growth in German market ■ Negative non-recurring influences in the Southern and Western Europe segment ■ Further custome
Slide 4: Core statements for the 2011 financial year
Core statements for the 2011 financial year Total sales €222.1 million (€197.3 million) EBIT €6.1 million (€4.8 million) Consolidated net income €4.2 million (€4.0 million) Earnings per share €0.29 (€0.28) Dividend payment of €0.35 per share proposed (around €5.0 million) 4 Analyst conference – 27 M
Slide 5: Agenda
Agenda 1 Core statements for 2011 2 Development of our value factors 3 Key figures/financial information 4 Summary and outlook 5 Annex 5 Analyst conference – 27 March 2012
Slide 6: Regional diversification of sales and product mix of new business in 2011 (2010)
Regional diversification of sales and product mix of new business in 2011 (2010) Total sales commission in 2011 (2010) Composition of new business by region in percent in 2011 (2010) Company pension plan products 2% (2%) Health insurance Southern and 3% (3%) Western Europe Real estate 0% (1%) 10.4%
Slide 7: Expansion of the consultant base
Expansion of the consultant base Group Our business model is right: + 6.7% ■An increase of 308 4,600 4,908 consultants within the Group 2010 2011 ■Central and Eastern Europe Central and Eastern Europe recording dynamic growth: + 11.6% 336 new consultants obtained 2,890 3,226 ■Moderate expansion of t
Slide 8: Number of existing customers increased further
Number of existing customers increased further Group ■ Central and Eastern + 2.1% Europe: 2.80 2.86 around 80,000 new clients million million in 2011 – further expansion in the client base to 1.89 2010 2011 million Central and Eastern Europe + 4.5% 1.81 million 1.89 million ■ Southern and Western Eu
Slide 9: Agenda
Agenda 1 Core statements for 2011 2 Development of our value factors 3 Key figures/financial information 4 Summary and outlook 5 Annex 9 Analyst conference – 27 March 2012
Slide 10: Significant sales growth in the Group
Significant sales growth in the Group (€ million, rounded) ■ With a 35.3% sales increase, Central and Eastern Europe is the driving force for growth ■ Sales growth in Germany Group Central and Eastern Europe Germany Southern and Western Europe + 12.6% + 35.3% 222.1 + 2.0% 197.3 126.2 - 29.3% 93.2 71
Slide 11: Operating income increases
Operating income increases (€ million rounded) ■ EBIT up 27.3% to €6.1 6.1 million 4.8 6.1 ■ Negative EBIT contribution 5.6 of the Southern and Western Europe segment 8.2 10.6 influenced by economic development in certain 0.1 countries in the segment - 0.5 - 2.4 - 0.1 - 8.6 Germany - 8.1 Central and
Slide 12: OVB Group: examination of earnings situation in 2011 (2010)
OVB Group: examination of earnings situation in 2011 (2010) (€ million) 2010 2011 Change Total sales commission 197.3 222.1 + 12.6% Brokerage expenses 112.5 134.2 + 19.3% Gross profit 62.5 65.3 + 4.4% Personnel expenses 24.8 24.8 unchanged Other operating expenses 41.1 40.0 - 2.6% EBIT 4.8 6.1 + 27.
Slide 13: Assets, liabilities and shareholders' equity in 2011 (2010)
Assets, liabilities and shareholders' equity in 2011 (2010) (in percent, figures rounded) 2010 2011 41.4 45.0 1.0 Current assets 1.2 83.2 84.2 Non-current assets 57.6 53.8 Current liabilities Non-current liabilities 16.8 15.8 Shareholders' equity Assets Liabilities and Assets Liabilities and shareho
Slide 14: Agenda
Agenda 1 Core statements for 2011 2 Development of our value factors 3 Key figures/financial information 4 Summary and outlook 5 Annex 14 Analyst conference – 27 March 2012
Slide 15: Summary of 2011
Summary of 2011 ■ Significant positive development in sales and earnings at Group level ■ Central and Eastern Europe impressively reinforces its position as the strongest segment ■ Germany records upward trend that we intend to expand ■ Negative impact from current macroeconomic problems in certain
Slide 16: Outlook for 2012
Outlook for 2012 ■ Following a strong year in 2011, our goal for 2012 is to further increases sales and improve earnings ■ The business development in 2012 to date indicates that we can achieve this goal ■ Forecast for the OVB Group in 2012: Î Sales growth of up to 5% Î Earnings growth of up to 10%
Slide 17: OVB in Europe: One Group, millions of opportunities
OVB in Europe: One Group, millions of opportunities OVB Poland Mission OVB Germany OVB Czech Republic OVB Ukraine 447,000,000 OVB Slovakia OVB Austria OVB OVB OVB Hungary Switzerland France OVB OVB Croatia Romania OVB Italy OVB Spain OVB Greece 17 Analyst conference – 27 March 2012
Slide 18: Agenda
Agenda 1 Core statements for 2011 2 Development of our value factors 3 Key figures/financial information 4 Summary and outlook 5 Annex 18 Analyst conference – 27 March 2012
Slide 19: Financial figures for 2011/2010
Financial figures for 2011/2010 (€ million, rounded) 2011 2010 Brokerage income 199.5 175.1 Other operating income 9.6 11.3 Brokerage expenses -134.2 - 112.5 Personnel expenses - 24.8 - 24.8 Depreciation and amortisation - 3.9 - 3.1 Other operating expenses - 40.0 - 41.1 EBIT 6.1 4.8 Net financial i
Slide 20: Balance sheet for 2011/2010
Balance sheet for 2011/2010 (€ million, rounded) 31.12.2011 31.12.2010 Assets Non-current assets 23.4 24.3 Current assets 125.4 120.6 Trade receivables 23.0 20.2 Receivables and other assets 22.2 25.8 Securities and investments 38.3 41.2 Cash and cash equivalents 40.0 30.9 Total assets 148.8 144.9 L
Slide 21: Financial calendar 2012
Financial calendar 2012 March 2012 27.03.2012 Frankfurt Press conference on the annual results and analyst conference May 2012 09.05.2012 Cologne Results for the first quarter of 2012 and conference call June 2012 05.06.2012 Cologne Annual General Meeting August 2012 09.08.2012 Cologne Results for t
Slide 22: Contact
Contact OVB Holding AG Heumarkt 1 50667 Cologne Germany www.ovb.ag Brigitte Bonifer Director/Prokuristin (authorised signatory with general power of attorney) Investor Relations Tel.: +49 (0) 221 - 2015 - 288 Fax: +49 (0) 221 - 2015 - 325 E-mail: bbonifer@ovb.de 22 Analyst conference – 27 March 2012
Slide 23: 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