Deutsche Bank Ag · XETR:DBK
Deutsche Bank — Deutsche Bank Aktiengesellschaft — FY2014 Earnings Presentation
18 slides from Deutsche Bank's earnings presentation, Jan 29, 2015
Slide 1: 2014 in review – Press Call
Deutsche Bank 2014 in review Press Call Frankfurt, January 29, 2015 Jürgen Fitschen and Anshu Jain Co-Chief Executive Officers
Slide 2: 2014: Achievements and challenges
2014: Achievements and challenges A year of significant achievements… …but challenges remain formidable Revenue performance in core businesses A challenging operating environment Capital strengthening Delivery on costs Sustained delivery on cultural change Returns to shareholders
Slide 3: 2014: The bottom line
2014: The bottom line Full year, in EUR bn, reported Income before income taxes Net income 3.1 1.7 1.5 0.7 0.8 0.3 2012 2013 2014 2012 2013 2014
Slide 4: For the first time ever, four “EUR billion+” businesses
For the first time ever, four “EUR 1 billion+” businesses Full year, in EUR bn Income before income taxes, core businesses 0.8 1.0 0.2 1.1 1.2 52% 0.7 45% 1.5 1.6 1.3 2.9 3.2 3.3 2012 2013 2014 Deutsche AWM PBC GTB CB&S A stronger, better balanced bank Strategic priority: 4 strong pillars IBIT in al
Slide 5: CB&S: Franchise strength in a challenging environment
CB&S: Franchise strength in a challenging environment Full year, in EUR bn Income before income taxes 3.3 3.2 29 . 2012 2013 2014 Achievements Revenue outperformance across businesses Market share gains in the US Further resource reduction Sustained progress on portfolio optimization Challenges Mark
Slide 6: PBC: Revenue resilience despite low interest rates
PBC: Revenue resilience despite low interest rates Full year, in EUR bn Loan processing fees(1) Income before income taxes 1.5 1.6 (0.4) 1.3 2012 2013 2014 (1) Payments and provisions for legally required reimbursement of loan processing fees Achievements Growth in fee-based products Growth in credi
Slide 7: GTB: Capturing opportunities in growth regions
GTB: Capturing opportunities in growth regions Full year, in EUR bn Income before income taxes 1.2 1.1 0.7 2012 2013 2014 Achievements Sustained profit growth Strong revenue growth in Americas, APAC Volume growth in key businesses Market leading innovations Challenges Macro-economic headwinds in Eur
Slide 8: Deutsche AWM: EUR billion profit, EUR trillion assets
Deutsche AWM: EUR 1 billion profit, EUR 1 trillion assets Full year, in EUR bn Net inflows / outflows Income before income taxes (25) (13) +40 1.0 0.8 0.2 2012 2013 2014 Achievements Sustained profit growth AuM exceed EUR 1 trillion / EUR 40bn of net inflows in 2014 4 quarters of consecutive inflows
Slide 9: Germany: Deep roots in our home market
Germany: Deep roots in our home market in every 7 mortgages 30% of Active Mutual Funds / ETFs >EUR 30bn financing for businesses 20,000 businesses hedged against 21 out of DAX 30 financed / advised currency / other risks
Slide 10: Capital: We took decisive action during 2014
Capital: We took decisive action during 2014 Period-end, in % Common Equity Tier 1 ratio, fully loaded 11.7 9.7 <6.0 Jan 2012 2013 2014 Achievements Strengthened capital base - EUR 8.5bn Common Equity - EUR 4.7bn Additional Tier 1 CRD4 exposure reduction progressing Leverage ratio improved to 3.5% E
Slide 11: NCOU: Capital accretion despite P&L impact
NCOU: Capital accretion despite P&L impact In EUR bn Strong asset reduction IFRS assets, period-end ~140 (72)% Jun 2012 2013 2014 Continued impact on P&L Income before income taxes, full year (2.9) (2.9) (3.4) 2012 2013 2014
Slide 12: Clients: Placing clients at the core of our organization
Clients: Placing clients at the core of our organization Digitization as part of a ‘multi-channel’ strategy Increased business collaboration
Slide 13: Culture: Further progress in 2014
Culture: Further progress in 2014 IW Cologne 2-day culture seminars CB&S Culture and Conduct Workshops >400 Managing Directors to date / 90% >6,000 staff / 90% Compliance and Risk Culture trainings 3 Lines of Defense >530,000 trainings / Divisional Control units: +34% vs. prior year 700 people / Tar
Slide 14: Culture: Expanding our management and governance team
Culture: Expanding our management and governance team Key senior appointments in 2014 Marcus Schenck Member of the Board / Chief Financial Officer (CFO) designate(1) Sylvie Matherat Member of the GEC(2), Global Head of Government & Regulatory Affairs Christian Sewing Member of the Board, Head of Leg
Slide 15: Cost: Savings more than offset by specific increases
Cost: Savings more than offset by specific increases Full year, in EUR bn Adjusted cost base 24.7 23.8 23.1 2012 2013 2014 Achievements Further progress on Operational Excellence 2014: EUR 1.3bn Cumulative: EUR 3.3bn vs. EUR 2.9bn target Compensation discipline Challenges Cost increases more than of
Slide 16: 2014: Achievements and challenges
2014: Achievements and challenges A year of significant achievements… Revenue performance in core businesses Capital strengthening Sustained delivery on cultural change …but challenges remain formidable A challenging operating environment Delivery on costs Returns to shareholders We are now a strong
Slide 17: 2015: Further developing next phase of our strategy
2015: Further developing next phase of our strategy Assess Strategy 2015+ - Achievements - Challenges Assess external environment - Regulation - Macro economy - Customer needs - Competitor activity Implications for core businesses - Products - Regions - Client segments Implications for portfolio - A
Slide 18: Cautionary statements
Cautionary statements This presentation contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and pro
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