Mlp Se · XETR:MLP
Mlp — 9M/Q3 2023 Earnings Presentation
16 slides from Mlp's earnings presentation, Nov 9, 2023
Slide 1: Business figures 9M/Q3 2023
Business figures 9M/Q3 2023 Reinhard Loose Chief Financial Officer of MLP SE Wiesloch, November 9, 2023
Slide 2: Highlights 9M/Q3 2023
Highlights 9M/Q3 2023 • Total revenue sets a new record at € 684.6 million – pronounced stability in the overall business thanks to the Group's broad and strategically interlinked positioning • Successful operational development continued, interest rate business remains very strong • Despite challen
Slide 3: MLP Group: Enhanced value creation and consistent digitalisation
MLP Group: Enhanced value creation and consistent digitalisation Greater depth of value added in the Group • Mutual support through brand and know-how transfer in the Group • Economies of scale and expanded client base • Direct support for consulting processes by specialists • Sales revenue synergie
Slide 4: Agenda
Agenda • Business performance 9M/Q3 2023 • Forecast 2023 and planning 2025 • Summary and questions 4
Slide 5: Total revenue hits new record level
Total revenue hits new record level in € million Total revenue 9M 674.7 684.6 700 684.6 632.2 632.2 600 487.3 Revenue 500 440.7 611.6 603.3 411.8 399.8 Revenue from 665.0 659.2 400 369.5 commissions and fees 346.7 345.4 356.5 338.8 411.5 Revenue from real estate 300 development Revenue from interest
Slide 6: Revenue growth in various consulting fields
Revenue growth in various consulting fields Revenue in € million Revenue breakdown: Wealth management Health insurance 9M: 228.5 (240.1) | -5% 9M: 44.8 (41.6) | +8% Q3: 78.1 (78.6) | -1% Q3: 15.3 (13.5) | +13% 24% Non-life insurance (22%) 22% Real estate brokerage and development* 9M: 161.8 (142.1)
Slide 7: An overview of key figures
An overview of key figures in € billion Assets under management in € million Non-life insurance portfolio volume 60 56.6 800 55.9 54.3 689.0 700 50 632.2* 42.7 600 561.2* 39.2 40 500 440.4 405.5 30 400 336.3 300 20 11.4 200 10 100 0 0 2007 2019 2020 2021 2022 9M 2023 2016 2019 2020 2021 2022 9M 2023
Slide 8: 9M: EBIT at € 45.2 million
9M: EBIT at € 45.2 million Income statement in € million Q3 2022 Q3 2023 Change in % 9M 2022 9M 2023 Change in % Total revenue 202.1 209.7 +3.8 674.7 684.6 +1.5 EBIT 8.2 7.8 -4.6 52.2 45.2 -13.4 Finance cost -0.7 0.6 +183.2 -2.0 -1.8 +11.6 EBT 7.5 8.3 +11.5 50.2 43.4 -13.5 Taxes -3.6 -2.9 +18.4 -15.
Slide 9: Strong balance sheet structure
Strong balance sheet structure Statement of financial position in € million Assets Dec. 31, 2022 Sep. 30, 2023 Key figures as of September 30, 2023 Intangible assets 234.5 230.7 MLP Group Equity ratio: 13.8% Financial assets 243.6 180.9 Return on equity*: 5.5% Receivables from clients in the banking
Slide 10: Development in the numbers of family, corporate and institutional clients
Development in the numbers of family, corporate and institutional clients Family clients Corporate and institutional clients 600.000 30.000 578,200 27,100 575.000 568,400 25,100 25.000 24,600 559,500 551,900 22,400 550.000 20.000 525.000 500.000 15.000 9M 2020 9M 2021 9M 2022 9M 2023 9M 2020 9M 2021
Slide 11: Agenda
Agenda • Business performance 9M/Q3 2023 • Forecast 2023 and planning 2025 • Summary and questions 11
Slide 12: Forecast 2023
Forecast 2023 in € million EBIT 120 100-110 Wealth management 0 Health insurance + 100 75-85 Loans and 80 Old-age provision + mortgages -- 60 Interest Non-life insurance ++ income ++ 40 20 Real estate brokerage and development -- 0 2019 2020 2021 2022 2023e 2025p Forecast Planning very positive : ++
Slide 13: Planning for 2025: EBIT and sales revenue reach the next level
Planning for 2025: EBIT and sales revenue reach the next level 2025 EBIT € 100 – 110 Growing non-life million Sustainable growth & insurance business Revenue > € 1.1 billion Group synergies Increase in assets under management • Portfolio volumes on the rise • Contribution from private and • Greater
Slide 14: Agenda
Agenda • Business performance 9M/Q3 2023 • Forecast 2023 and planning 2025 • Summary and questions 14
Slide 15: Summary
Summary • Operational development confirms successful and robust positioning of the MLP Group – basis for continuously driving forward the business • Another important step towards achieving our annual target – continued dynamics particularly in the interest rate business and old- age provision expe
Slide 16: Many thanks for your time.
Many thanks for your time. We are happy to answer any questions you may have. Alte Heerstraße 40 06222 • 308 • 8320 [email protected] mlp-se.com 69168 Wiesloch