Deutsche Bank Ag · XETR:DBK

Deutsche Bank — Investor Presentation (June 2007)

22 slides from Deutsche Bank's investor presentation, June 2007

  1. Slide 1: Private & Business Clients

    Private & Business Clients Rainer Neske Head of Private & Business Clients Member of the Group Executive Committee Frankfurt / London, June 2007

  2. Slide 2: Agenda

    financial transparency. Agenda 1 A dynamic business 2 Update on growth initiatives 3 Managing the cost base 4 Growth and value creation Investor Relations 06/07 · 2

  3. Slide 3: A dynamic business …

    financial transparency. A dynamic business … Expansion of distribution network Initiatives & Acquisitions 2004 2005 2006 2007 Co-operations Investor Relations 06/07 · 3

  4. Slide 4: … with growth across the board …

    financial transparency. … with growth across the board … In EUR bn Revenues Invested assets Loan book CAGR 7% 5.1 CAGR 11% 190 CAGR 10% 82 4.5 67 150 2004 2006 31 Dec 2004 31 Mar 2007 31 Dec 2004 31 Mar 2007 Note: 2004 based on U.S. GAAP; from 2006 onwards based on IFRS Investor Relations 06/07 · 4

  5. Slide 5: … and a track-record of delivery

    financial transparency. … and a track-record of delivery Income before income taxes, in EUR m Target: EUR >1.3 bn Target: EUR 1 bn 1,005 1,005 1,041 461 293 1Q2007 2003 2004 2005 2006 2007 2008 Underlying U.S. GAAP Reported IFRS Note: 2003 – 2005 figures are underlying results based on U.S. GAAP; fr

  6. Slide 6: Agenda

    financial transparency. Agenda 1 A dynamic business 2 Update on growth initiatives 3 Managing the cost base 4 Growth and value creation Investor Relations 06/07 · 6

  7. Slide 7: A stable business model based on two core competencies

    financial transparency. A stable business model based on two core competencies Private & Business Clients Advisory Banking Consumer Banking 1 Berliner Bank 2 Norisbank 3 Poland: branch network 4 Poland: db kredyt 5 India: branch business 5 India: credit card business 6 China: cooperation 6 China: la

  8. Slide 8: Berliner Bank: Smooth integration resulting in strong business results

    financial transparency. 1 Berliner Bank: Smooth integration resulting in strong business results Integration success 1Q2007 Post-Integration „ Smooth change of ownership „ Grow with existing business model on DB platform: „ 5,300 net new clients in the first quarter - Strengthen PBC in our core mark

  9. Slide 9: Norisbank: Successful integration shows first business results

    financial transparency. 2 Norisbank: Successful integration shows first business results Closing Today Post-Integration „ Ca. 330,000 clients „ Stable client base „ Growing client base to Portfolio „ EUR 1.4 bn loan portfolio „ Stable client business 1 million in 2010 and EUR 1.4 bn deposits volume

  10. Slide 10: Poland: Investments in advisory banking pay off

    financial transparency. 3 Poland: Investments in advisory banking pay off Number of branches Revenues In EUR m 2x 3x 62 62 74 52 52 32 30 23 31 Dec 31 Dec 31 Dec 31 Mar 2004 2005 2006 1Q2007 2004 2005 2006 2007 annualised Number of employees Client Business Volume* In EUR m 2x 800 3x 2,550 700 2,160

  11. Slide 11: Poland: Successful entry in consumer finance market

    financial transparency. 4 Poland: Successful entry in consumer finance market Number of db kredyt-shops Revenues +140% 35 25 28 Feb 30 Apr 30 Jun 2007 Jan - Feb Jan - Apr Jan – Jun 2007 2007 2007 (Target) 2007 2007 (Forecast) Number of employees Client Business Volume* In EUR m +71% 7x 207 240 14 3

  12. Slide 12: India: Successful start for branch business and credit card activities

    financial transparency. 5 India: Successful start for branch business and credit card activities In thds. Credit card business only 247 19x Clients 167 Delhi 70 13 28 31 Mar 30 Jun 30 Sep 31 Dec 31 Mar Kolkata 2006 2006 2006 2006 2007 Mumbai In EUR m approved new 5x licences 251 CBV* 184 142 Bangalo

  13. Slide 13: China: Market entry via own branches and cooperation

    financial transparency. 6 China: Market entry via own branches and cooperation HuaXia investment HuaXia cooperation & PBC business „ Cooperation with HuaXia Bank includes: – Exclusive credit card cooperation to be launched in 2Q2007 – Development of joint affluent proposition – Knowledge transfer in

  14. Slide 14: Investment in Emerging Markets will continue

    financial transparency. Investment in Emerging Markets will continue Poland „ Continue with branch network expansion „ Extend Consumer Finance activities India „ Continue with branch network expansion „ Further develop credit card business China „ Extend business cooperation with Hua Xia Bank (mainl

  15. Slide 15: Agenda

    financial transparency. Agenda 1 A dynamic business 2 Update on growth initiatives 3 Managing the cost base 4 Growth and value creation Investor Relations 06/07 · 15

  16. Slide 16: Costs are managed in a systematic way

    financial transparency. Costs are managed in a systematic way Targets Cost/Income-Ratio Cost structure Operating model Cost optimization actions Governance „ Structural/strategic „ Accountability/Responsibility „ Operational/tactical „ KPIs „ Service relationships „ Cost committees „ Cost management

  17. Slide 17: After bold restructuring – rigid cost management and step by step optimization of cost base

    financial transparency. After bold restructuring – rigid cost management and step by step optimization of cost base Some cost optimization projects since 2004 Timing Results 30% reduction of Germany: Move on new branch IT 2004 – 2006 branch IT infrastructure Infrastructure infrastructure costs 25% r

  18. Slide 18: Results include massive investments in future growth

    financial transparency. Results include massive investments in future growth Noninterest expenses, in EUR m PBC total CIR PBC total PBC without initiatives* CIR PBC without initiatives* CAGR 8% CAGR 3% 4.1 3.7 3.6 3.5 3.6 3.4 73.9% 72.2% 73.3% 71.3% 71.0% 68.8% 2005 2006 1Q2007 annualised * Norisban

  19. Slide 19: Agenda

    financial transparency. Agenda 1 A dynamic business 2 Update on growth initiatives 3 Managing the cost base 4 Growth and value creation Investor Relations 06/07 · 19

  20. Slide 20: Revenue growth outperforming GDP growth in all markets

    financial transparency. Revenue growth outperforming GDP growth in all markets PBC revenues, in EUR bn GDP Regional split growth(3) 3.4 3.8 CAGR > 8% Germany 1.4% CAGR 6% CAGR 9% CAGR 7% >6 5.1 4.5 1.1 1.2 Europe(1) 1.5% CAGR 8% CAGR 5% CAGR 79% CAGR 67% Emerging 0.0 0.1 8.0% Markets(2) 2004 2006 In

  21. Slide 21: PBC will deliver on clear targets

    financial transparency. PBC will deliver on clear targets Strategic focus Vision 2008 Advisory Consumer Banking Banking Keep revenue momentum > EUR 6 bn revenues Germany and capitalise on acquisitions Strengthen ‘visibility’ of our Europe > EUR 1.3 bn franchises pre-tax profit Emerging Get foothold

  22. Slide 22: Cautionary statements

    financial transparency. Cautionary statements The information provided herein does not represent a full set of financial statements in accordance with IAS 1 and IFRS 1. Therefore it may be subject to adjustments based on the preparation of the full set of financial statements for 2007. The segment i

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