Deutsche Bank Ag · XETR:DBK
Deutsche Bank — Deutsche Bank Aktiengesellschaft — FY2010 Earnings Presentation
20 slides from Deutsche Bank's earnings presentation, Feb 3, 2011
Slide 1: Annual Press Conference, Frankfurt, 3 February 2011
Dr. Josef Ackermann Chairman of the Management Board and the Group Executive Committee Annual Press Conference Frankfurt, 3 February 2011
Slide 2: 4Q2010 noninterest expenses decomposed
4Q2010 noninterest expenses de-composed In EUR bn 2 (CHART) Noninterest expenses Note: Figures may not add up due to rounding differences (CHART) Policyholder benefits and claims General and admini- strative expenses Compen- sation and benefits 'old' Deutsche Bank 'new' Deutsche Bank Consolidation o
Slide 3: 2010 at a glance
2010 at a glance 3 Solid result Expansion Strengthened equity capital base Segment earnings on target
Slide 4: Economic environment remains challenging
Economic environment remains challenging Diverse global economic develop- ment 4 Bank levies Regulation Sovereign risk (CHART)
Slide 5: 2010 highlights
2010 highlights 5 Profita- bility Income before income taxes (in EUR bn) Net income (in EUR bn) Pre-tax RoE (target definition)(2) Capital Tier 1 capital ratio Core Tier 1 capital (in EUR bn) Core Tier 1 capital ratio Leverage ratio (target definition)(4) Balance sheet Total assets (adjusted, in EUR
Slide 6: Deutsche Bank influenced by investments
Deutsche Bank influenced by investments 2010, income before income taxes, in EUR bn 6 (CHART) Reported Postbank- related charge in 3Q2010 Other im- pacts from acquisitions made in 2010(3) Adjusted for acquisitions (CHART) Segments Group Group reported Reported business divisions (CIB + PCAM) Busines
Slide 7: CIB: Second best full-year results ever
(CHART) CIB: Second best full-year results ever In EUR bn Best ever revenues (EUR 20.9 bn) and near record IBIT despite significantly lower balance sheet and risk appetite Achieved #5 position in corporate finance (Source: Dealogic) Record S&T Debt revenues, successfully recalibrated S&T Equity plat
Slide 8: PCAM: Positive momentum maintained
(CHART) PCAM: Positive momentum maintained In EUR bn Accelerated Postbank takeover Completed Sal. Oppenheim acquisition Private Wealth Management: negatively affected by Sal. Oppenheim / BHF and special items Assets under Management post acquisitions exceeding pre-crisis levels PBC: strong revenue m
Slide 9: Exceptional recognition: "Bank of the Year"
Exceptional recognition: "Bank of the Year" 9 Bank Risk Manager of the Year Bank of the Year Derivatives House Commodities Derivatives House EMEA Equity House Derivatives House of the Year
Slide 10: Increased capital ratios in reaction to the financial crisis
Increased capital ratios in reaction to the financial crisis 10 Note: Tier 1 ratio = Tier 1 capital / RWA; core Tier 1 ratio = (Tier 1 capital - hybrid Tier 1 capital) / RWA Core Tier 1 ratio, in % Tier 1 ratio, in % RWA, in EUR bn (CHART) (CHART) 12.3 (CHART) 8.7 Target: ^10% 2004 2005 2006 2007 20
Slide 11: Successful execution of capital increase and Postbank PTO
Successful execution of EUR 10 bn capital increase and Postbank PTO February 2009 (CHART) August 2010 pre PTO December 2010 post PTO Shareholding in Deutsche Postbank European bank rights issues (CHART) Firm Deutsche Bank Sep 2010 10.2 BBVA Nov 2010 5.1 Soc Gen Oct 2009 4.8 BNP Paribas Sep 2009 4.3
Slide 12: Committed to clients and society
Committed to clients and society 12 Deutsche Bank is providing innovative ideas and products that will help clients succeed in the long term We dedicated almost 100 million euros to sponsoring projects around the world relating to education, sustainability, community development and art Bildrechte t
Slide 13: Management Agenda Phase 4: Where are we on delivery?
Management Agenda Phase 4: Where are we on delivery? 13 Focus on core PCAM businesses and home market leadership Increase CIB profitability with renewed risk and balance sheet discipline Focus on Asia as a key driver of revenue growth Reinvigorate our performance culture Management Agenda Phase 4 20
Slide 14: CIB integration: streamline, connect and grow
14 CIB integration is built around three themes: to streamline, connect and grow Streamline Connect Eliminate duplication of activity and streamline coverage, risk taking and business management Bring together expertise across the organisation to ensure best-in-class cross- sell, risk management and
Slide 15: PCAM: Major acquisitions consolidate our home market leadership
PCAM: Major acquisitions consolidate our homemarket leadership Retail banking clients By number of German retail clients, 31 December 2010, in million + (CHART) # 1 private bank High net worth clients By invested assets held in Germany, 31 December 2010, in EUR bn # 1 + (CHART) PBC PWM excl. BHF 15
Slide 16: Building a retail powerhouse
Building a retail powerhouse 16 Breadth of product offering Advisory Banking proposition Relationship management with excellent service levels Full range product portfolio Advisory Banking Easy accessibility (branch / online) Leadership for price- conscious private and business clients Lean portfoli
Slide 17: Megatrends driving growth in Asia
Megatrends driving growth in Asia 17 (CHART) (CHART) Source: IMF, McKinsey Global Institute; Cap Gemini Merrill Lynch World Wealth Report 2010 Growth of private wealth pools Rise of Asian corporates Emerging consumer class Urbanization Infrastructure requirements Intra-Asian / Intra- EM trade Commod
Slide 18: Execution priorities
Execution priorities: Performance culture 18 Franchise values Complexity reduction Performance accountability Leverage value-based- management to enhance performance Simplify and standardize pro- cesses and operating practices Infrastructure optimization Strengthen cost culture Reinvigorate commitme
Slide 19: Update on 2011 pre-tax profit potential
Update on 2011 pre-tax profit potential Income before income taxes, in EUR bn 19 (1) Before Corporate Investments and Consolidations & Adjustments Note: Figures may not add up due to rounding differences Dec 09 Update Feb 11 1.0 1.5 6.3 1.3 10.0 1.0 1.6 6.4 1.0 10.0 Includes HuaXia and Postbank cont
Slide 20: Cautionary statements
Cautionary statements 20 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
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