Business figures Q1 2024

Wiesloch, May 15, 2024

Highlights Q1 2024

  • Successful start to the year for MLP - strategically developed business model pays off
  • Total revenue increased to an all-time high of €284 million (PY: €263 million), above all in the Wealth competence field
  • Key figures for future revenue development increased to record levels: Assets under management at €59.3 billion
    and non-life insurance portfolio volume at €719 million
  • EBIT significantly above the previous year at €37.0 million (€32.4 million) - forecast for 2024 and planning for 2025 confirmed

2

Trends support growth ambitions

GROWING WEALTH, MORE ASSET

SUCCESSIONS increases demand for wealth management with a diversified portfolio

DIGITALISATION improves client experience and cost efficiency

SUSTAINABILITY creates new prospects and need for consulting services

3

DEMOGRAPHIC DEVELOPMENT

increasingly generates need for private and occupational pension provision

INFLATION increases demand for financial consulting in various competence fields

Agenda

Business figures Q1 2024

1 | BUSINESS PERFORMANCE Q1 2024

4

Total revenue at new all-time high

Total revenue Q1 of the MLP Group

Recurring Revenue

in € million

Proportion of sales revenue

284

255

263

221

30%

194

2005

121

131

109

68%

2005

2010

2015

2020

2021

2022

2023

2024

2023

1 | BUSINESS PERFORMANCE Q1 2024

5

Strong growth in the Wealth competence field

Sales revenue breakdown into competence fields

in € million, previous year's values in brackets

Wealth

116

(91)

+27 %

Wealth management

86

(74)

+17 %

Interest income

22

(12)

+89 %

Real estate brokerage

3

(2)

+69 %

Loans and mortgages

4

(4)

-2 %

Others

6

(12)

-50 %

Real estate development

3

(10)

-66 %

Other commissions and fees

3

(2)

+18 %

21%

42%

35%

Life & Health

59

(59)

-1 %

Old-age provision

43

(44)

-2 %

Health insurance

16

(15)

+2 %

Property & Casualty

97

(92)

+6 %

Non-life insurance

97

(92)

+6 %

1 | BUSINESS PERFORMANCE Q1 2024

6

Key figures reach new record levels

Assets under management*

in € billion, as of Dec. 31 or March 31, respectively

56.6

57.0

59.3

54.3

42.7

29.0

19.8

2.9

2005

2010

2015

2020

2021

2022

2023

Q1 2024

* contains wealth management and interest income

Non-life insurance portfolio volume

in € million, as of Dec. 31 or March 31, respectively

687

719

632

561

440

336

117

128

2005

2010

2015

2020

2021**

2022

2023

Q1 2024

  • as from 2021 incl. first-time consolidation of the companies in the Industrial Broker segment; also including RVM with effect from April 1, 2021

1 | BUSINESS PERFORMANCE Q1 2024

7

Growth across all customer groups

Family clients

in thousands, as of Dec. 31 or March 31, respectively

580

581

569

562

555

2020

2021

2022

2023

Q1 2024

New client gross

4.4

Corporate and institutional clients

in thousands, as of Dec. 31 or March 31, respectively

28.4

27.4

27.7

24.8

22.5

2020

2021

2022

2023

Q1 2024

1 | BUSINESS PERFORMANCE Q1 2024

8

EBIT at €37.0 million - solid balance sheet

Income statement

MLP Group (in € million)

Q1 2024

Q1 2023

△

Total revenue

284.1

262.8

+8 %

EBIT

37.0

32.4

+14 %

Finance result

-0.2

-1.0-80 %

EBT

36.8

31.4

+17 %

Income taxes

-10.3

-8.5 +21 %

Net profit

26.5

22.9

+16 %

EPS in Euro

0.25

0.22

+18 %

Balance sheet figures

MLP Group

March 31, 2024

Balance sheet total

€4,051 million

Shareholders' equity

€557 million

Equity ratio

13.8 %

Return on equity

5.0 %

MLP Financial holding group

March 31, 2024

Core capital ratio

20.2 %

Liquidity Coverage Ratio (LCR)

1,890 %

1 | BUSINESS PERFORMANCE Q1 2024

9

Agenda

Business figures Q1 2024

2 | FORECAST 2024 AND PLANNING 2025

10

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Disclaimer

MLP SE published this content on 15 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2024 11:19:47 UTC.