Deutsche Pfandbriefbank Ag · XETR:PBB
Deutsche Pfandbriefbank — Hypo Real Estate Holding — Investor Presentation (July 2011)
15 slides from Deutsche Pfandbriefbank's investor presentation, Jul 20, 2011
Slide 1: Investor/Analyst Presentation: Approval of state aid by the EU Commission
Investor/Analyst Presentation Approval of state aid by the EU Commission Final EU ruling on state aid, July 20, 2011
Slide 2: Disclaimer
Disclaimer This presentation is not an offer or invitation to subscribe for or purchase any securities. No warranty is given as to the accuracy or completeness of the information in this presentation. You must make your own independent investigation and appraisal of the business and financial condit
Slide 3: EU Commission approves state aid for HRE
EU Commission approves state aid for HRE Highlights pbb with clear growth path in strategic business areas following approval of business model I Specialised lender for Real Estate and Public Investment Finance I Focus on Pfandbrief eligible business in Germany and other European countries I Public
Slide 4: pbb Deutsche Pfandbriefbank: A specialised lender for Real Estate and Public Investment Finance
pbb Deutsche Pfandbriefbank A specialised lender for Real Estate and Public Investment Finance Final EU ruling on state aid, July 20, 2011
Slide 5: Clear growth path in strategic business areas following the EU state aid approval
pbb Deutsche Pfandbriefbank Clear growth path in strategic business areas following the EU state aid approval Business model approved – Two strategic business segments: Real Estate (REF) and Public Investment Finance (PIF) with the German Pfandbrief as main funding instrument – Regional focus on Ger
Slide 6: Business model and strategy – Focus on Real Estate and Public Investment Finance
pbb Deutsche Pfandbriefbank Business model and strategy – Focus on Real Estate and Public Investment Finance while Public Budget Finance business will be run down over time Public Sector Finance (PSF) Real Estate Finance (REF) Public Budget Finance Public Investment Finance Run-down business Strateg
Slide 7: Characteristics of strategic business activities
pbb Deutsche Pfandbriefbank Characteristics of strategic business activities Real Estate Finance (REF) Public Investment Finance (PIF) Professional national and international real estate investors Pfandbrief eligible public borrowers (specific purpose with an (e.g. Real Estate companies, Institution
Slide 8: New business origination focused on Germany and other European countries
pbb Deutsche Pfandbriefbank New business origination focused on Germany and other European countries – potential to expand local presence in Germany and in Sweden Real Estate Finance (REF) Core countries with sales locations Public Investment Finance (PIF) Core countries with sales locations Potenti
Slide 9: Envisaged portfolio growth in strategic business areas will compensate for decline in Public Budget Finance
pbb Deutsche Pfandbriefbank Envisaged portfolio growth in strategic business areas will compensate for the decline in Public Budget Finance Planned new business EUR billion Growth potential for strategic interest bearing assets (REF and PIF) – volumes not used can be carried forward ~10 8-10 Suffici
Slide 10: Positive impact on operating revenues from replacing Public Budget Finance business
pbb Deutsche Pfandbriefbank Positive impact on operating revenues from replacing Public Budget Finance business with higher-margin REF and PIF business PBT Planned portfolio development EUR Mio. / in % EUR billion / in % ~84 ~84 119 98 52 Run-down portfolio ~30-35% ~42% 83% 87% REF 139% ~12-14% Liqu
Slide 11: pbb to remain one of the largest issuers in the German Pfandbrief market
pbb Deutsche Pfandbriefbank pbb to remain one of the largest issuers in the German Pfandbrief market – Pfandbrief issue in benchmark format planned in H2 2011 193 Total Pfandbriefe outstanding Nominal, 03/2011, EUR billion Ship Pfandbriefe Mortgage Pfandbriefe Public Sector Pfandbriefe 82 54 52 16 4
Slide 12: DEPFA: Final EU ruling on state aid
DEPFA Final EU ruling on state aid Final EU ruling on state aid, July 20, 2011
Slide 13: DEPFA Cornerstones
DEPFA Cornerstones DEPFA to be run as de-leveraged platform not conducting new business until re-privatisation Business activities only within the framework of maintaining value, refinancing and hedging of existing portfolios as well as fulfilling legal obligations No time limit for servicing of ass
Slide 14: Key take-aways
Key take-aways pbb Deutsche Pfandbriefbank DEPFA EU ruling provides basis for pbb as a viable specialised DEPFA stabilised and de-leveraged – no new business lender for Real Estate and Public Investment Finance with allowed prior to its re-privatisation focus on Germany and other European countries
Slide 15: Contact details
Contact details Communications Walter Allwicher +49 (0)89 2880 28787 walter.allwicher@hyporealestate.com Investor Relations Frank Ertz +49 (0)89 2880 28776 frank.ertz@hyporealestate.com Michael Heuber +49 (0)89 2880 28778 michael.heuber@hyporealestate.com Final EU ruling on state aid, July 20, 2011
Hypo Real Estate Holding — Investor Presentation (July 2011) on 6ix