Deutsche Bank Ag · XETR:DBK
Deutsche Bank — Q4 2010 Earnings Presentation
12 slides from Deutsche Bank's earnings presentation, Feb 3, 2011
Slide 1: Deutsche Bank Analyst Call, Dr. Josef Ackermann
Deutsche Bank Deutsche Bank Dr. Josef Ackermann Chairman of the Management Board and the Group Executive Committee Analyst Call, 3 February 2011 Deutsche Bank 4Q2010 results financial transparency. Investor Relations Dr. Josef Ackermann, CEO
Slide 2: Taking key actions in 2010
Taking key actions in 2010 — Fully integrated investment bank under single management team CIB — Maintained risk discipline — Increased market presence in the Netherlands via ABN AMRO acquisition — Accelerated Postbank takeover PCAM — Acquired Sal. Oppenheim and accelerated alignment — Completed res
Slide 3: Deutsche Bank influenced by investments
Deutsche Bank influenced by investments 2010, income before income taxes, in EUR bn Group Segments Additional impacts in 2010: — EUR (0.5) bn specific items(1) 10.0 Not part — EUR (0.7) bn specific investments(2) of target 0.4 7.0 0.2 7.2 2.3 0.2 6.5 2.6 4.0 4.0 Reported Postbank- Other im- Adjusted
Slide 4: 4Q2010 non-interest expenses de-composed
4Q2010 non-interest expenses de-composed In EUR bn 0.3 Consolidation of Postbank (1 month) Policyholder ‘new’ 6.3 6.3 Deutsche benefits 0.3 and claims 0.2 Consolidation of Sal. Oppenheim / BHF Bank 1.2 0.1 Consolidation of parts of ABN AMRO General and 0.1 Other structural operating costs admini- 3.
Slide 5: Update on 2011 pre-tax profit potential
Update on 2011 pre-tax profit potential Income before income taxes, in EUR bn Phase 4 potential 2011 Update FY2009 FY2010 Dec 09 Comment Feb 11 Corporate Banking 3.5 5.1 6.3 Benefits from CIB integration 6.4 & Securities CIB Global Transaction Adjustment to reflect lower level of 0.8 0.9 1.3 1.0 Ban
Slide 6: Assumptions for target 2011
Assumptions for target 2011 December 2009 Update February 2011 — No further major market dislocations — Unchanged — Normalization of asset valuations — Unchanged — Global revenue fee pool: — Slower growth in fee pools CAGR of 9% to a level slightly below 9M2007 annualized Environ- — Margins remain h
Slide 7: How to achieve our 2011 target: CB&S
How to achieve our 2011 target: CB&S Income before income taxes 2010 impacts In EUR bn — EUR 0.4 bn Ocala charges — EUR 0.3 bn of severance(1), partially related to CIB integration 6.3 0.1 6.4 2011 drivers and actions 5.1 — Positive market environment — Stronger global GDP growth + — Reap revenue an
Slide 8: How to achieve our 2011 target: GTB
How to achieve our 2011 target: GTB Income before income taxes 2010 impacts In EUR bn — ABN AMRO acquisition impact of EUR 0.2 bn, driven by gain from 1.3 negative goodwill — EUR 0.1 bn efficiency measures 1.0 (complexity reduction, CIB integration) 0.9 (1) (0.3) 0.2 2011 drivers and actions — Conti
Slide 9: How to achieve our 2011 target in AWM: Asset Management
How to achieve our 2011 target in AWM: Asset Management Income before income taxes 2010 impacts In EUR bn — EUR 33 m severance 0.1 0.6 0.5 2011 drivers and actions — Realize full-year benefit from improved platform efficiency 0.3 — Capitalize on growth in Equity and Real Estate valuations and increa
Slide 10: How to achieve our 2011 target in AWM: Private Wealth Management
How to achieve our 2011 target in AWM: Private Wealth Management Income before income taxes 2010 impacts In EUR m In EUR bn — Sal. Oppenheim clean-up / alignment — Preparation of BHF disposal 0.4 2011 drivers and actions — Achieve break-even in Sal. Oppenheim BHF 368 200 — Continue to improve effici
Slide 11: How to achieve our 2011 target: PBC
How to achieve our 2011 target: PBC Income before income taxes 2010 impacts In EUR bn — Small net positive Postbank contribution — Berliner Bank integration / IT investment 0.1 1.6 1.5 — Efficiency measures (severance) 2011 drivers and actions (1) 0.9 — Launch Postbank integration — Small contributi
Slide 12: The new Deutsche Bank
The new Deutsche Bank Well capitalised More balanced Core tier 1 ratio Income before income taxes (1) Classic banking (PCAM / GTB) Investment bank (CB&S) 8.7% > 8% Basel 2.5 Basel 3 29% >40% De-risking <60% Retained 71% ABN AMRO earnings Netherlands Dec 2010 Jan 2013 2009 2010 2013 More efficient Ho