Slide 1: Business figures 2024
Business figures 2024 Wiesloch, March 13, 2025
Slide 2: Highlights 2024
Highlights 2024 • MLP continues to pursue its significant growth path with determination • New record levels for total revenue (€1,067 million), assets under management (€63.1 billion) and non-life insurance portfolio volume (€751 million) • EBIT increased significantly to €95 million – proposed div
Slide 3: Agenda: Business performance 2024
Agenda Business figures 2024 1 | BUSINESS PERFORMANCE 2024 3
Slide 4: Total revenue exceeds 1 billion euros for the first time
Total revenue exceeds 1 billion euros for the first time Total revenue of the MLP group Recurring revenue inX€ million, as of December 31 Proportion of sales revenue, as of December 31 x 1,067 949 973 935 767 564 68 % of the sales revenue are recurring (€708 million) 2005 2020 2021 2022 2023 2024 *
Slide 5: Strong growth in the Wealth competence field
Strong growth in the Wealth competence field Sales revenue breakdown into competence fields in € million, as of December 31, previous year‘s values in brackets Wealth 520 (408) +27 % Life & Health 298 (294) +1 % Wealth management 380 (308) +23 % Old-age provision 234 (234) +0 % Interest income 90 (6
Slide 6: Key figures reach new all-time highs
Key figures reach new all-time highs Assets under management* Non-life insurance portfolio volume in € billion, as of December 31 in € million, as of December 31 63.1 751 687 56.6 57.0 632 54.3 561 42.7 440 117 2.9 2005 2020 2021 2022 2023 2024 2005 2020 2021*** 2022 2023 2024 * Contains wealth mana
Slide 7: Structural growth of the client base
Structural growth of the client base Family clients Corporate and institutional clients in thousands, as of December 31 in thousands, as of December 31 591 28.4 28.0 27.4 580 569 24.8 562 22.5 555 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 1 | BUSINESS PERFORMANCE 2024 7
Slide 8: EBIT significantly increased to €95 million
EBIT significantly increased to €95 million Income statement Balance sheet figures MLP Group (in € million) FY 2024 FY 2023 △ MLP Group December 31, 2024 Total revenue 1,066.7 973.5 +10 % Balance sheet total €4,152 million EBIT 95.0 70.7 +34 % Shareholders' equity €570 million Finance result 4.6 -1.
Slide 9: Agenda: Strategic further developments
Agenda Business figures 2024 2 | STRATEGIC FURTHER DEVELOPMENTS 9
Slide 10: Digitalisation strategy creates competitive advantages
Digitalisation strategy creates competitive advantages Digital complement to the personal client relationship Digital financial overview Personal consulting facilitated thanks to Financial Home by the Consultant Portal Presentation and management of the Gap analysis of customer needs as a entire ass
Slide 11: Further efficiency gains thanks to artificial intelligence
Further efficiency gains thanks to artificial intelligence AI correspondence AI research AI service assistant assistant agent AI assistant provides AI assistant is AI service agent is support with e-mails and available for research on always available as a point of telephone communication specialise
Slide 12: Agenda: Planning 2025 and Forecast 2025
Agenda Business figures 2024 3 | PLANNING 2025 AND FORECAST 2025 12
Slide 13: Review of previous planning 2025: course maintained
Review of previous planning 2025: course maintained Sales revenue EBIT Planning 2025 Planning 2025 > €1,100 million CAGR > 6 % €100-110 million CAGR 10-13 % 2024 2024 €1,038 million CAGR 7% €95 million CAGR 12 % Assets under management Non-life insurance portfolio volume Planning 2025 Planning 2025
Slide 14: Forecast 2025
Forecast 2025 Sales revenue EBIT very positive: ++, positive: +, neutral: 0, negative: -, very negative: -- in € million, as of December 31 100-110 96.8 95.0 0 75.6 70.7 Wealth 59.4 + + Life & Health 2020 2021 2022 2023 2024 2025e Property & Forecast Casualty Forecast includes only a small amount of
Slide 15: Agenda: Mid-term planning 2028
Agenda Business figures 2024 4 | MID-TERM PLANNING 2028 15
Slide 16: Planning 2028 – further significant growth
Planning 2028 – further significant growth Total revenue EBIT Assets under management Non-life insurance portfolio volume in € million, as of December 31 in € million, as of December 31 in € billion, as of December 31 in € million, as of December 31 1,300-1,400 140-150 75-81 1,000-1,100 1,067 63 751
Slide 17: Planning 2028: growth in all competence fields
Planning 2028: growth in all competence fields EBIT €140 – €150 million Total revenue €1.3 – 1.4 billion Planning + Digitalisation strategy 2028 + Cost efficiency + Unlocking potential in the corporate client business through the extensive MLP network Property + Expansion of non-life insurance & Cas
Slide 18: Massive potential among discerning family clients
Massive potential among discerning family clients MLP client base: Market segment: Lifelong support Significant need for advisory services 1 ∅ MLP academics: Graduates in the Age group fields of economics, law, engineering GAP IN PROVISION and medicine – average gross monthly <40 salaries based on w
Slide 19: Attracting additional mandates and corporate clients
Attracting additional mandates and corporate clients Property & Casualty | relevance for corporate clients in the non-life insurance1 Mandates New business brokered by MLP consultants in the group 6 times higher Life & Health | relevance for corporate clients Corporate in the occupational health ins
Slide 20: Growth in the market for institutional clients
Growth in the market for institutional clients Institutional Investors in Germany Alternative Investments worldwide The assets under management by institutional investors will grow annually until 20291 by around CAGR 4% The assets under management in alternative investments will grow annually until
Slide 21: MLP share: positive development, further potential
MLP share: positive development, further potential Share price development in € 6.88 Dividend Dividend 5.14 Consensus estimate €9.90 Date of last update: Feb. 6, 2025 Dec. 31, 2022 Feb. 28, 2025 Earnings per share (EPS) and dividend per share (DPS) in cents Dividend policy: EPS planning 2028 Distrib
Slide 22: Agenda: Summary and questions
Agenda Business figures 2024 5 | SUMMARY AND QUESTIONS 22
Slide 23: Summary
Summary • Successful financial year 2024 as a foundation for continuing the established growth path – great potential in the further developed MLP business model • New mid-term planning with strategic growth in all three competence fields of Wealth, Life & Health and Property & Casualty – Expansion
Slide 24: We are happy to answer any questions you may have
We are happy to answer any questions you may have Your contact Pascal Löcher Head of Investor Relations Tel. +49 (0)6222 • 308 • 3559 E-mail pascal.loecher@mlp.de Simon Knaack Tobias Wolf Manager Investor Relations Manager Investor Relations Tel. +49 (0)6222 • 308 • 2715 Tel. +49 (0)6222 • 308 • 433