Ovb Holding Ag · XETR:O4B
Ovb — FY2014 Earnings Presentation
31 slides from Ovb's earnings presentation, Mar 31, 2015
Slide 1: OVB Holding AG Annual financial statements as at 31 December 2014
OVB Holding AG Annual financial statements as at 31 December 2014 Annual kick-off discussion with the press/Analyst Conference Ŷ 45 years’ experience Ŷ Represented in 14 countries Ŷ 3.2 million clients Ŷ More than 5,000 financial advisors Ŷ More than 500,000 new contracts per year Ŷ More than 100 pr
Slide 2: Agenda
Agenda 1 OVB Next Level 2 Conditions require clear positions 3 Overview 2014, development of value factors, new business 4 Key figures/financial information 5 Summary and outlook for 2015 6 Annex Allfinanz – simply better! OVB Holding AG – Financial Report 2014 – 31 March 2015 2
Slide 3: Agenda
Agenda 1 OVB Next Level 2 Conditions require clear positions 3 Overview 2014, development of value factors, new business 4 Key figures/financial information 5 Summary and outlook for 2015 6 Annex Allfinanz – simply better! OVB Holding AG – Financial Report 2014 – 31 March 2015 3
Slide 4: Speech by Michael Rentmeister, Annual General Meeting 2014
Speech by Michael Rentmeister Annual General Meeting 2014 of OVB Holding AG Hungary Ukraine “... At OVB, our doors are always open to anyone wanting to enter into objective and fair dialogue. OVB stands behind appreciative and respectful communication. …” Germany Poland Czech Republic Allfinanz – si
Slide 5: What OVB stands for and what makes OVB strong
What OVB stands for and what makes OVB strong For 45 years OVB has been a fair and reliable partner for clients, financial advisors, employees, shareholders and product partners Allfinanz – simply better! OVB Holding AG – Financial Report 2014 – 31 March 2015 5
Slide 6: OVB Next Level: The "tangible" growth strategy
OVB Next Level: The “tangible” growth strategy Allfinanz – simply better! OVB Holding AG – Financial Report 2014 – 31 March 2015 6
Slide 7: The OVB Next Level strategy since 2013
The OVB Next Level strategy since 2013 Allfinanz – simply better! OVB Holding AG – Financial Report 2014 – 31 March 2015 7
Slide 8: Agenda
Agenda 1 OVB Next Level 2 Conditions require clear positions 3 Overview 2014, development of value factors, new business 4 Key figures/financial information 5 Summary and outlook for 2015 6 Annex Allfinanz – simply better! OVB Holding AG – Financial Report 2014 – 31 March 2015 8
Slide 9: Conditions in Europe
Conditions in Europe Demographic change Ineffectiveness of government social security systems Increasing burden imposed on national budgets by administration Low-interest environment is a challenge for market participants Increasing infantilisation of citizens under the cover of alleged consumer pro
Slide 10: OVB is at home in Europe
OVB is at home in Europe OVB benefits from the internal market without borders and appreciates comparable European conditions OVB wants a “highly competitive social market economy” – Article 3 (3) of the Lisbon Treaty – not a planned economy OVB We support is not critical the European of the consume
Slide 11: The flood of regulation rolls on
The flood of regulation rolls on … (citing Germany as an example) The density of regulation in recent years - the German example 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 EU Insurance Mediation Directive (IMD) New directive IMD2 Influence felt across all Insurance Brokerage Ordinance VV
Slide 12: OVB positions
OVB positions Objective financial advisors are essential for the urgently needed private pension provision, which is endorsed and partially sponsored by the government. Commission-based consulting is socially just Over-regulation will not lead to further improvements in the quality of financial advi
Slide 13: People have goals, dreams and needs irrespective of regulatory hurdles
People have goals, dreams and needs irrespective of the regulatory hurdles governments impose on them Allfinanz – simply better! OVB Holding AG – Financial Report 2014 – 31 March 2015 13
Slide 14: OVB focuses on clients: almost 400 million people in Europe can benefit
OVB focuses on clients: almost 400 million people in OVB Europe can benefit from this Allfinanz – simply better! OVB Holding AG – Financial Report 2014 – 31 March 2015 14
Slide 15: Low-interest phase is increasing the gap in provision
Low-interest phase is increasing the gap in provision Monthly savings contribution €100, term 30 years, comparison of capital with an interest rate of 3.25% p.a. to 1.25% p.a. Savings phase 70,000 € €60,341 60,000 € €16,738 (gap in 50,000 € provision) 40,000 € €43,603 30,000 € 20,000 € 10,000 € 3.25
Slide 16: Agenda
Agenda 1 OVB Next Level 2 Conditions require clear positions 3 Overview 2014, development of value factors, new business 4 Key figures/financial information 5 Summary and outlook for 2015 6 Annex Allfinanz – simply better! OVB Holding AG – Financial Report 2014 – 31 March 2015 16
Slide 17: Increase in client numbers and advisor numbers
Increase in client numbers and advisor numbers Clients Financial advisors + 4.5% + 1.8% 3.08 3.22 million million 5,082 5,173 2013 2014 2013 2014 Ŷ Comprehensive consulting based on the systematic Ŷ Southern and Western Europe: Significant increase ACS approach (Analysis-Consulting-Service) is (tota
Slide 18: 2014 financial year – Overview
2014 financial year – Overview OVB is growing despite changing conditions: the OVB business model has a future 2014 2013 Total sales €214.0 million €204.8 million EBIT €12.3 million €10.2 million Consolidated net income €8.7 million €8.0 million Earnings per share €0.61 €0.56 Î Dividend proposal: €0
Slide 19: Client demand remains focused on real value
Client demand remains focused on real value Composition of new business in 2014 (2013) Home loan Health insurance savings/financing 2% (2%) 10% (8%) Property and accident Company pension plan insurance products 8% (8%) 5% (4%) Investment͒funds 3% (2%) Fund-linked pension Other pension products produ
Slide 20: Agenda
Agenda 1 OVB Next Level 2 Conditions require clear positions 3 Overview 2014, development of value factors, new business 4 Key figures/financial information 5 Summary and outlook for 2015 6 Annex Allfinanz – simply better! OVB Holding AG – Financial Report 2014 – 31 March 2015 20
Slide 21: Sales growth in a challenging environment
Sales growth in a challenging environment Total sales commission (in € million) Sales growth has an even broader basis: 214.0 Ŷ Dynamic growth in Southern and 204.8 Western Europe continues unabated 33.0 43.8 – increase in sales of 33.0% Ŷ Total sales in Germany of €62.8 million, 2.4% up on the prev
Slide 22: Increased sales and tight controls on expenditure give strong EBIT-plus
Increased sales and tight controls on expenditure are the basis for a strong EBIT-plus EBIT (in € million) Ŷ Group EBIT rises by 20.1% 12.3 Ŷ EBIT in Central and Eastern Europe 10.2 and Germany virtually match the 6.5 previous year’s level 6.5 Ŷ EBIT in the Southern and Western Europe segment increa
Slide 23: Selected items of the consolidated income statement
Selected items of the consolidated income statement (€ million, rounded) 2014 2013 Change Total sales commission* 214.0 204.8 + 4.5% Ŷ Sales increase of 4.5% Brokerage expenses** - 145.1 - 139.1 + 4.4% Gross profit 68.9 65.7 + 4.9% Ŷ Increased gross profit Other operating income 7.5 8.7 - 13.1% Othe
Slide 24: Agenda
Agenda 1 OVB Next Level 2 Conditions require clear positions 3 Overview 2014, development of value factors, new business 4 Key figures/financial information 5 Summary and outlook for 2015 6 Annex Allfinanz – simply better! OVB Holding AG – Financial Report 2014 – 31 March 2015 24
Slide 25: The objective: Leader in system sales in Europe
The objective: Leader in system sales in Europe Mission statement Allfinanz – simply better! Vision OVB is the Allfinanz partner for people in Europe. Growth-orientated, trustworthy and sustainable. With satisfied clients, financial advisors, employees and shareholders. Strategic objectives OVB sy
Slide 26: Summary and outlook
Summary and outlook You are familiar with the conditions in which we operate Demographic change Ineffectiveness of government social security systems Increasing burden imposed on national budgets by administration Challenging low-interest environment Exaggerated enthusiasm for regulation driven by a
Slide 27: Agenda
Agenda 1 OVB Next Level 2 Conditions require clear positions 3 Overview 2014, development of value factors, new business 4 Key figures/financial information 5 Summary and outlook for 2015 6 Annex Allfinanz – simply better! OVB Holding AG – Financial Report 2014 – 31 March 2015 27
Slide 28: Shareholder structure/basic data OVB Holding AG
Shareholder structure/basic data OVB Holding AG Current shareholder structure Share data 2014 WKN / ISIN Code 628656 / DE0006286560 Free float Deutscher Ring IDUNA 3.00% Krankenversicherungsv Vereinigte erein a.G. Stock market code O4B Lebensversicherung aG 3.74% 31.67% Reuters O4BG.DE Bloomberg O4B
Slide 29: Financial Calendar 2015
5. Financial Calendar 2015 March 2015 31 March 2015 Frankfurt Publication of annual financial statements 2014, annual report, analyst conference May 2015 12 May 2015 Cologne Results for the first quarter of 2015 and conference call June 2015 03 June 2015 Cologne Annual general meeting 2015 August 20
Slide 30: Contact
Contact OVB Holding AG Heumarkt 1 50667 Cologne Germany www.ovb.eu Jürgen Kotulla Brigitte Bonifer General Manager/authorised signatory Director/authorised signatory Marketing/Communication Investor Relations Tel.: +49 221 - 2015 - 233 Tel.: +49 221 - 2015 - 288 Fax: +49 221 - 2015 - 224 Fax: +49 22
Slide 31: 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